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Doc: Start getting used to the taste (of humble pie) - hope you like it!
Investor like more certainty - trader like UNCERTAINTY.
Before when we have no progress report for land access then easy for trader to play stock.
Now we move to PRODUCTION / REVENUE do not think will be same as investor start to take longer term hold.
They look at (just for Heron) 7,000 - 9,000 bbl a day production.Many longer term investor / bigger institution investor will take positions for this.
Before with ZERO production have very limited option for funding - now production will open up whole new options & stronger position for Management.
Have also give lot of links about increase lending from bank for renewable sector.
Maybe some people still stuck in past about Petro Matad but company is transforming into something much better & stronger.
Maybe time for trader to look at other rubbish Aim stock to play uncertainty game π
π¦
Researchandhold said //BP is like a stain on humanity//
//Iβll be very happy to eat humble pie if Iβm wrong//
You'll be well served - there's plenty of pie in the sky on offer today!
SS - time will tell. But even going down the route you suggest would see the SP fall back, as I believe has happened with TXP.
This certainly is not going to be a straight line to 60p. Or even 20p.
Iβll be very happy to eat humble pie if Iβm wrong π
Heron will produce immidiatley, we wil also use dqe on profit then pay service,
All looking good,
Anyways this year wil sort all this but short term maybe even end of Jan we have a multi bagger here
30p, 60p⦠no chance. At least unless we have some completely curve ball event occur that is hugely positive.
Iβd like to think the SP will continue to drift a bit higher, then the signature comes and we go to somewhere around 8-10p, maybe briefly even a spike to 12p, before MB announces a raise at 6p.
Should easily now head towards 6.5p before news lands and if you believe in charts from Zak mir
Manxkeepers, you are absolutely right.
Oil upside.
H1,2 +.
3 billions barrels of light proven oil.
QDE etc.
Sentiment is shifting fast.
The sellers will regret.
FOMO.
Amazing opportunity shouldn't be missed guys.
Have a lovely day.
Look at me!
Over here!
Look at me!
?
Iβve tried a few kippers in my time and manxkippers are the best in the world. I also agree with yours sentiments on the price rises. Perhaps not a 60p finish, but Iβll be happy if 35p by year end 24.
All views welcome, whether they be glass half full or glass half empty.
My guesses were based on what Hamm also thinks.
LP issued and new blocks awarded must be worth over 12p.
Well and new wells pumping oil and revenue from Heron must be worth 30p plus by the end of June.
Stronger revenues plus other upsides from renewables should steadily increase the SP up from mid 30p per share at the half year point by double to the end of 2024 as the revenue becomes evident and the balance sheet gets stronger.
All of this assumes borrowings, revenue growth and without share dilution.
Vikinglass, nicely put comment about the arrogant one . Those types often gloat and cajole others to make themselves feel better. They just canβt help the hollow feeling inside!
Pro - you claim to be successful with your trades yet you feel the need to be here to tease those who aren't doing so well trading matad π¬
Researchandhold said //BP is like a stain on humanity//
Continued volatility. I don't think this will make double figures anytime soon. If it does don't get crushed in the stampede for the exit door!
My guess is 7-9p before RNS (if it takes a couple of weeks), and double digit when LA (RNS) secured.
H1 production 30p+.
Manx if i had your believe i would sell my house. ;)
My view is slighly different...
Lets put it simple. I think we will get ample opportunity again to buy below closing price of 2023
End of year fanciful nonsense.
Here are my SP predictions for 2024.
End of Feb 2024 - 12p per share.
End of June 2024 - 35p per share.
December 2024 - 60p per share.
Anyone else like to pin some numbers on the board for 2024?
Happy NY to everyone.
WoS getting scared again haha
Lets keep it simple. I tried shorting at 4.5. And with all the positives and all the buyers on this BB there where no takers AND SP DROPPED to 4 immediately resulting at the of the year in another bad year -21%... compare it for instance to +50% nasdaq and +25% s&p and even without trading you missed 50% at least.
So WoS timing completely wrong : fact.
Now next week all traders back according to wos.
Lets make a trade. How wants to buy @4.5 . How many shares and which broker. I will have my broker (Morgan Stanley) contact yours. Easy
There is reason Mr Mike Buck did want everything "legally watertight" and with Block XX under Project of National Importance.
Elections mid year will not matter but of course if people have worry then do not buy ;)
Think most sensible people here can see how Petro Matad position for 2024 very different from 2023.
Also why all desperate activity from traders lol.
Focus on investment help a lot - not what one person tell you on how he trade this or that when he have already been exposed.
Last time he say he have everyone's ISP address π
Think holder of stock is one who is relax now & failed trader one who doing overtime this days π¦
I wonder how Matd will be played due to their elections fast approaching https://www.google.com/url?rct=j&sa=t&url=https://english.news.cn/20231229/94cb980be3684ddaaaa91b26a23e3d5a/c.html&ct=ga&cd=CAEYBSoUMTM0NzQ2MDYyNDE0MjIzNzc0NjQyGjU1MWFjMjUxYjE2YzAyMWQ6Y29tOmVuOlVT&usg=AOvVaw1go1mAbCTaGjJb2RHKIKsT
LOL π¦π
WOS π€© I have bought and I don't want to cry later πΏοΈ
Ms VikingLass
BUY so you do not CRY do not be SHY I do not LIE make money and be HIGH and I give you plenty of reason WHY ππ°π°π°.
I do not give investment advice & think all know this is little bit of fun to cheer up all holder really before 2024.π
I do believe 100% (or much as you can with investing) that we have VERY special investment here & company position for massive growth with strategic partner / oil assets / breakout sector / Govt tie up.
Price breakout / Re-rates / Uptrend in own time.
π¦
I think he talk about Production Sharing Contract (PSC) which is less then this OR Petrovis shareholding.
They are biggest shareholder. Mr Buck talk about how company is look at like a DOMESTIC company who have foreign listing so work in our favour going forward I think.
Petro Matad have set foundation to transform into major ENERGY COMPANY in Mongolia and work very closely with Govt.
π¦
@ idc
"the mongolian government are 50% owners"
I have missed this, where did you get this from please?