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"I don't expect that because there is NO EVIDENCE that I have BLAMED PM OR MD for anything!"
That's what they all say - good luck with your defence.
MB not MD
Some folk here seem to get bitter and show frustration at their own mistakes when getting on or out of this ride,
This is not a top 100 blue chip company and if you have decided to stay on and reap the benefits (otherwise you wouldn't be invested here) be prepared to accept the risks as well. Getting hysterical and just about blaming everything on the company isn't going to achieve anything.
GLA
B/p: Into name calling mode (once again) I see eh? I guess that's what's left when you've run out of other arguments.
//his is not a court room - do you seriously expect someone to produce evidence? //
I don't expect that because there is NO EVIDENCE that I have BLAMED PM OR MD for anything!
But then you'd lose one of your whipping boys wouldn't you. LOL
OR - you could all just filter me of course - a thought?
//2. My posts intend to wind up the positive readers on this BB.//
Seems like it's working a treat then Ojay. All you idiots getting your knickers in a twist trying to figure out where I'm at and coming up with wild inaccurate assumptions. Keep going - I love it!
Let others make noise about share price. WOS keeps his eye on what he needs to with share (yesterday).
What is that ? There is no news … so WOS makes it up? Then the same 5-7 people come out and like your post WOS.
There is no news, nothing has happened… apart from disappointing outcome on recent drill…. it doesn’t make this a bad share (or indeed a good one) … but you are now 2,800 posts in since January 2023, and the only thing you have got right is when you say “it’s a great time to buy” .. cos each time you say it the price is 15/20% lower than the last time you’ve said it.
It will I’m sure come good… you coming back like a Peperami stick every time your previous days ramping doesn’t materialise is ****** tiresome!!!
I ONCE (not twice) said I’d opt out of listening to it, but it’s easier to just not call into the BB as often. How many others will you have driven away? Hopefully the speed of the decent in share price slows down with this great help you give it
B/p: Pity yourself - you need it (a lot!) more than investor33.
"when have I blamed MATD?"
This is not a court room - do you seriously expect someone to produce evidence? Don't make a (even bigger) fool of yourself!
Most readers on this BB understand how you operate - you've admitted it a couple of times:
1. I am not invested
2. My posts intend to wind up the positive readers on this BB.
3. I couldn't care less if I were to see PM go down the drain.
Need evidence for that too?
What a shame - and a waste of your time.
Obviously the first will directly affect the second. At the end of the day it is a question of do you believe MD and the MG that the permit has been granted and will come or whether it is just a bag of lies. Your money, your choice, your shares. Personally i believe it will come i am prepared to wait. But in meantime let us look at what we know or can understand (or at least my understanding)
We have a SP that just a few weeks ago was over 5p and now under 3.5p and nothing has changed other than the bus has been delayed slightly. Will we get to our destination yes once the bus arrives. Will we get there on time. Al depends on ones version of time.
A few months ago Progressive Research our SP to be >30p based on 70$ a barrel from Heron and i think on a 20% recoverable rate from 200mmbo. MB now reckons that should be 40% and in time possibly even higher. (for the moment let us forget the even higher bit as it might look like over egging the pudding). Also the price of oil is now above 80$. On the downside we were around 900m shares in existence and now we are over 1.13bn shares in existence. Assuming 30p original estimte that would be approx market cap of 270m on 900m shares with 1.13bn that would now be 24p. But then POO gone up from 70 to 84 effectively 20% and change of recoverable amount ( ithink not included ioriginally) up double. This would push SP back up to the >30p level so roughly one counteracts the other.
But then add on other things that are happening the Renewables deal which MB seems to indicate (reading between the lines) is far better than he anticipated). i get the impression this is something he got into at behest of significant figures in MG and thought it might PM image no harm and we will find out how this is working out in time. This could add a penny to the SP.
Then we get to the complete unknown the new company and we believe is a potential link up with the MG in PM Energy Ltd. I think this is energy related (obviously) by its name and by the nature of our business. I do not think it is oil as that is what PM does or is doing when allowed. I also do not think it is Renewables for one main reason "Renewables" is the new sexy term so if wind turbine or other Renewable then why not use a name like PM Renewables. My guess is this is Gas related still Energy and still old fashioned fossil fuels. Again time will tell what this is. All this will add to sP and makes 40p look very possible.
I have left one thing out till last and that is Gazelle and if is proven up to be an estimated 2/3bnboo with a decent flow . rate and porosity . Combine that with a possible recovery rate of 40% if Heron was 24p new est SP then on 2bn barrels cvould be looking on a straight line basis £2.40 (200m at 40% = revised 24p then 2bn at 40% must equal £2.40 not everything goes in a straight line but one way it would go is up quite sharply.. And if 3bn this could 50% higher still.
That is the upside IMO
WOS, You sound like a broken record, constantly telling us how good things are does not make it so. We have oil, yes. But they are no good to man or beast if we can't get our hands on it. How long ago did we find this oil?? Over two years ago. And yes everyday passes we are a day closer, but for goodness sake it has been over two yrs! Can't keep singing the same praises and expect to get away with it!?
BTW - when have I "blamed MATD"? You must be thinking of master & Manro maybe?
Investor 33 - like Hamm before you you make all kind of wild assumptions about me then present it as fact. Both of you are about as far off beam as it's possible to be. I pity you.
Which part of this article do we think relates to land access for MATD? I’m just reading a lot about reducing traffic and congestion!
@Badprophet - you blame MATD, but actually you should be pointing the finger at yourself for not understanding how the market works. Sounds to me that you fell for a classic FOMO spike - bought at the top of the spike and then got shaken out when the MMs dropped it back to the 2p to 3p support levels. You have been spitting venom at MATD and the LTHs ever since - but you need to blame yourself. Living in a world of schadenfreude hoping that MATD go bust or whatever is not a great way to turn a negative into a positive.
Investor33 - spouting lies you may have picked up from the lies of other posters doesn't do much for your credibility.
Ibiza28 - thanks for clarifying.
The reason I bang on all the time about the MMs is because whether we like it or not, they are the big players in MATD right now. If they are buying £500,000 worth of shares in an accumulation phase they can drive the price up against themselves very easily. So they accumulate when the price falls back to the 2 to 3p support levels, which is a process which has been going on since at least 2014. And to really accumulate cheaply, they spike the price down suddenly ( usually on ' bad news ' ) to catch stops around the support levels, and also to shake out panicking weakholders who bought at the top of the last spike ( like Badprophet for example ! )
Right now these are the real movers of MATD - not Mr Smith buying £10,000 worth of shares on a given day. Maybe in the future there may be institutional money comes in, however this is not driving the price action right now. And don't forget, the MMs trade their own accounts as well - so in fact they are the biggest short term traders buying and selling MATD. The smart money so far has followed what they are doing in terms of accumulation and distribution ( the latter happens on the frequent price spikes )
All options are possible.
Delays until 2024 are definitely possible but equally Heron oil production in 2024 is more than likely.
As and when the various legal niceties are wrapped up we'll be given updates on drilling plans, funding options and off take agreements, possibly over the Winter drilling closed season.
Should that be the case then investor sentiment will be palpable and the Share Price will respond accordingly.
Just watch out for the first Mr Positive post of Spring!
Then again it might happen sooner or not at all, who knows.
What - no RNS? No worries guys & gals they'll soon be rolling in by the bucket load (or should that be BARREL-load?).
Guys will soon realise how valuable MATD shares are and the delay shouldn't matter that much and FOMO will kick in.
BOOOOOOOOOM! $$$$$$$
And this have EVERYTHING to do with MATD development.
I say Petro Matad have VERY CLEAR plan for GROWTH into MAJOR ENERGY COMPANY.
This include partnership with drilling company DQE for low cost / offtake element field development, Renewable, New Block with PROVEN adjacent field, Foreign company JV because have in country expertise.
Then think what was reason for important people in MMHI/ MRPAM/ Ambassador to be in Isle of Man meeting in person? Do not forget this 😏
Invest with LOGIC not EMOTION (or BB trader posting lol).
I BUY, HOLD & WAIT for header RNS and many multiple ROI 🦉💰
And can anyone deny the logic behind this article :-
https://www.forbes.com/sites/investor/2023/08/29/oil-is-going-to-300-a-barrel/amp/
Mr Pleb
I post few week back about Prime Minister responsibility for new Urban Planning committee. Maybe when people criticize Owl they should look at information lol
Mostly is focus on capital Ulanbaatar. With cou try population 3.5 million and most in Ulanbaatar they have big problem with building / land use there.
Also other responsibility as well like Tourist Minustry say with tourist development.
Have nothing to do with Dornod & Block XX use
Hope this help 😏🦉