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If we have a fifth of the trades that were being flung at IDP today this is going to rocket. I did warn about that share here earlier and now gone from 2.2p spike to 1.65p currently. Why not invest in real potential MATD for example lol...are time is soon and this will build n build. Lead the way Mike Buck..
Funny movements in SP and bid. Is a thursday RNS on the cards. Looking ay thw history, MB's fav days are tues, thurs and fri. Especially thurs and Friday's. If not no bother as all is heading in the right direction ;)
Opened at 13.50 today without RNS...and soon after the trolls talked it down in fear of missing out on their lower entry.....LoL.
Wait for the Permit RNS. This should fly past 15p in a flash. May should be a pretty strong month just ahead of Spud date.
Good evening 2010 - I agree with your earlier comment about an RNS for permits/land use. Too many on this board use that issue as either a reason to sow doubts or to manufacture prognostications to bolster their own predictions.
MATD have never made an issue of permits etc. In 10 years I have never seen an RNS announcing drill or land-use permits being obtained. These things are such run-of-the-mill events they pass without notice - as with a lot of other companies. As I read it, their mention of the matters in the past few RNS's was just a matter of being open and transparent. Not flagging it as an issue.
I think your suspicions are correct. That is, any hold-ups in an RNS are not permit related. In fact, I think they are done and dusted as you suspect.
Setting up a new rig in a brand new, relatively remote site, where nothing of this type has been done before takes time and effort. Civil works, roads, mobilize the rig and equipment (over 500kms along unpaved roads) accommodation camp, electrical supplies and distribution, communications, H&S checks and routines. local liaison groups; fire breaks and drills and on it goes.
I see nothing wrong with all of that happening without the necessity for detailed progress updates and the color of the drillers toilet paper. And I see nothing untoward with the provisional timetable stated by MATD.
It would be nothing unusual for MATD (or any company) to announce the exact drill site, the rationale and targets, and the imminent spudding when things are ready to go.
I know that won't please some of my friends on this board, who crave more detailed newsflows. And I understand that to an extent. However I would prefer the team to be concentrating on practical achievements and advising us when milestones are reached rather than spending time advising the market on every incremental, non-market-significant news.
Thanks for the always-insightful input and the news from Seoul. I can relate. I live in the region myself.
If you're that much of a good Samaritan why don't you go tell the bb on IDP that the wonder rubber product that's being pumped could be made for �0.50p and imitations will follow. Although I doubt that and instead will persist with Matad after all it is a good place to be ;)
Sumsarge and you state the papering over cracks concerning a single RENEWAL land use permit that has a 50:50 chance of already being in hand or is about to be issued being only May 2nd- oh please. Go bark up another tree. Very hard to deramp this is why at this stage now its fully funded for the drilling programme. Bet you the CEO would laugh at some of the strategies/agendas and comments where a couple of individuals are keen to buy back in on a 5-10% swing trade lol. Matad are going for it this year so whether you decide to re-invest here or not the bb couldn't give a monkeys. ******* off investors aint going to make them press the sell bottom that's for sure!
Really ,what a nonsense post.Im.certain of nothing,i merely point out that if you have bought shares because you like the prospects here and you are now selling because an RNS is a bit later than you wanted them you are all over the place.ie clueless.Of course every O&G share has added risk..
Very unlikely Dozz. Instead, is likely to be very keen to buy in. Why else would a 'good Samaritan', waste energy and time here. Been around the block too many times and seen it all before. He/she had better make their mind up before Snow Leopard kicks off!
Fully funded, last permit for Snow Leopard drill is a land use RENEWAL (all others already signed off). Casing already in Montgolia and on course for Q2 drilling. No placing here (which was three months ago). All have up to 3 other RNS's in the pipeline. P.S. hope you can tell the difference between sells n buys lol.
A lot of people today then who don’t have a clue!!!!
Let’s hope when the RNS finally arrives it’s positive hey, for all our sakes...
Money printing machine MATD, for people who know what there doing, chin up gents
Nice try Sumsarge to attempt to unsettle genuine LTH of this share. We are not selling anything,so on your merry way and try your luck on another board. You have given yourself away with your constant de ramping tactics and trying to provoke doubts in decent investors, haven't you done enough damage? Clear Off.
There is nothing to suggest this will moon. In fact the last test shows less oil than anticipated. How can that start a buying frenzy? This MM talk is just bag carriers trying to FOMO suckers in. I'm out!