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Stop being an idiot Ojay - it's perfectly clear what I mean. I don't think PM will transport oil to China this year and get money for it this year. NO WIGGLING. The timing (and amount) of any receipts is crucial if another cash raise is to be avoided & I don't believe it will be (avoided). MB's claim of "fully funded" until summer 2024 just isn't credible. IMV
It is the timing of the cash flows that is important and not when the year end balance sheet date is. So as far as i am concerned the cash flow is the cash flow and will be as soon as we are able after the "formalities" are sorted.
YOURSELF OUT.
However, when do you believe "income in their accounts" would show up - mid 2024?
The point is: should PM confirm production of oil in 2023 and the revenues show up in the 2024 balance sheet - this would seem to be nit picking. As I said: WIGGLING
I think sales could be determined by PM showing some INCOME in their accounts (apart from new share issues that is). I'm not hiding anywhere - if I'm wrong (and I hope I am) I'll take it on the chin!
B/p: Of course - and how would you like to determine whether there are sales or not?
Your response is obviously solely for the purpose of "wiggling yourself out" - nice try!
Would it be so bad (for you) should PM start to pump oil this year?
I will gladly pick up this discussion in a couple of weeks/months. In the meantime I recommend you try to find a
good place to hide out.
Roxy, yes it could take as long as the LP, nobody on this BB knows how long it will take, but personally I don't think it will tbh. I think there was a reason that the Mining Minister Ganbaatar went to Dornod and met with the governor, within 2 days of the LP being approved by the cabinet.
Thats exactly the point i was making earlier Dozzawba.
The registration of the LP could take as long as or even longer than the approval of the LP. That's how politics is in some countries. There will be good news no doubt but we will have to be patient.
Manx, I think you are correct ref the current silence and IMO
as soon as the LP is registered and PM get the go ahead I think there will multiple news coming out
Still here Ojay - but what I actually said was "No oil sales in 2023". Still saying it!
Where's the guy who said Heron would not be producing in 2023?
That's not true! My hunch last week was the RNS would be this week or perhaps next week coming.
It is still my hunch and could still be true by the end of this week coming!
Regardless, the point is why has there been such silence and half information with a proper and full disclosure? That's all.
Looking at the trades coming through yesterday morning.. definitely someone knows something.. Obviously it’s good news. Probably the wags lol.. I would be very surprised if there was no news within the next few trading days.
Where's the guy who said Heron would be producing "in 3-4 weeks"?
Manx . Well last week's hunch of yours didn't materialise so how confident are you with this week's hunch?
We all know there is a lot going on behind the scenes here.
We hope for the RNS for the SLP which will allow Heron to go live and start to pump some revenue. This seems to be moving ahead after Cabinet approval and just needs for PM to provide the final docs for certification to be issued.
But we also know about the activists trying to make noise about urgent court action to stop everything. So momentum is in our favour the SLP is in sight and should be ok, and yet it needs to get over the line before we can breath more freely.
I sense that all of this is delaying MB and PM or the MG from announcing any of the other exciting news items such as new blocks and the delegation to the IOM and the new co of P M Energy ltd etc etc.
This suggests to me that the issues are still live and hot on the ground there and I am glad that a good calm and sensitive approach by MB seems to be the reason for the slight blackout to us all on the bigger picture.
This is just a hunch and I hope we get that SLP in the coming week.
Don’t risk missing out the rerate tgats coming and end up kicking yourself forever .
Don’t set stop losses because the MM will hit them with a drop and hoover them up to repackage and sell higher
Man emerged from the caves asking questions & with a need to know. When he blindly accepts everything without question, he will cease to advance.
Rampers, derampers, which is worst?
Neither is as bad as the flip/flop now I'm a ramper, now I'm a deramper Hamm the man.
Get some self respect?
Hamm: “If it is so bad WTF are you doing here?
Another stupid deramper.
Get lost.”
Hamm, you really are the biggest hypocrite I’ve ever come across on LSE. I posted multiple posts of yours from back in May where you were having a meltdown about MATD. Now you’re telling a poster who has concerns that he is a deramper and to get lost.
Dozzawba - here’s to hoping for those RNSs. We’re well due some sustained good news and SP reaction. The SP did fall the market day or two before V1 duster news. So who knows, perhaps today there’s been some positive news leaked and we’ll hear about it Monday.
Thanks for that explanation Investor, i will be wary more and watching next RNS or news regarding Mms and everything else you stated regarding technicals and charts and candles.
@Ra11adw2
"I said it could to back to 1p-2p again short term, it went to 1p for 15 mins for no reason 8am few weeks ago, thats not normal for a stock thats been trading 3-7p last few months. "
It's easily explained by mm manipulation. Mms if they buy large quantities of stock will drive the price up against themselves. A way around this is to deliberately drop the price sharply under the cover of an RNS or some kind of news, so that they can hit as many stops as possible, and thereby purchase stock at rock bottom prices just before a strong move up. They have the advantage of seeing where the stops are placed - many people anyway tend to place them just below previous support levels. MMs are well aware of this fact. It's like taking candy off a child really - a guaranteed way of purchasing stock extremely cheaply, and the sharper the sudden marking down of the price the cheaper the stock they can buy, and the more of it they can buy without moving the price against themselves.
In fact it's not just AIM stocks such as MATD - even on charts of FTSE stocks you will see a sudden spike down on a bar chart like a reversed telegraph pole just before a strong move up. You see it with the various indices as well if you look at charts in pretty well any timeframe. I'm not sure how many people on here are into technical analysis - people only ever seem to talk about fundamentals and ' news. ' Looking at MATD in various timeframes on a bar chart or with candlesticks is quite interesting. IMO it's quite useful to do so, as this is the kind of thing that the short term traders - including the mms who trade their own accounts - are looking at.
Right now MATD's price action is dominated by what the mms do, and by the short term traders. You will never make proper sense of it until you can see this. Just be wary of what goes on in the event of any ' news' such as an RNS.
Like header say. Simple and obvious.
Be happy but not crybaby ;)
Thank you for that nice summary conclusion of what this Petro matad chat is Dozzawba. Hopefully BB is more friendly and has more like you in the future.
Rampers or de-rampers its every chat board but you can understand them or be in them without suffering or have a laugh or be serious.
This one just feels like you type a message you get told to get lost or harassed. Thats if you have a opinion regardless if its misguided or you do not totally agree with whats said.
Also the Fact WOS posts the most on here, even if he does give useful posts which may also be repeated and in annoying caplock headings and hard to read what he's writing for me anyway. Whenever he posts it angers all the ones who dislike WOS or call him out for different reasons right or wrong which makes the chat more toxic from what I see.
Short term my opinion is think we could go a little lower but not very confident that will happen which is a good thing.
As you said hope RNS and positive news comes for Heron + any other news, then double digits should be a reality in the future but who knows when that is (Again my opinion).
BP as Dozzawba said in his comment WOS posts some useful information, like other posters have said on here. Thats why I stated that. You should ask them and they will awnser.
Ralladw2, problem you have with PM is that it is a traders dream share, so brings out both rampers and derampers. This has been going on for years and the board at times is toxic and vile and has lost a lot of decent posters on here for this reason. I recently said WOS keep posting, Doc picked up on this. WOS does post some useful info, but i totally disagree with him posting on other boards, that IMO is way out of order, but I would much rather have WOS on here than someone who has not contributed anything ie BP.
There have been other posters on here who posted regular, but were not as intense as WOS and as extreme, positive posters, but they were ripped apart too. There are posters on here who put good points across and question issues which differing opinions and sometimes creates good debate, but it's a shame as it's not that often atm.
We need a rich run of RNS's and good news to move this on now and hopefully the BB will be a more friendly place. Here's hoping. ATB