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After a few largish sells before 10 the buys are now starting to come in.With the price around the price before the LP came in there is a long way to go.At these low prices there is only one way now to go.Looking forward to next RNS
Is there a reason for the price comparison to Brent? Is HERON sweet?
Markets
UKWorldCurrenciesCommodities
Silver $23.14 Positive +0.01 +0.04%
Gold $1932.18 Positive +7.34 +0.38%
Palladium $1229.46 Negative -11.12 -0.90%
Platinum $924.60 Negative -6.00 -0.64%
Oil WTI $73.70 Positive +0.64 +0.87%
Oil brent $78.34 Positive +0.58 +0.75%
If Gervais is running with it, looking good. wonder if hes shared. like him, good man
I suspect the SP hasn't really took off because of this:
"The Company will now work with the central Land Agency and local authorities to complete the registration of the area and to sign the necessary contracts required by the regulations on the management of special purpose land."
We're still not quite there. Perhaps, given MATD's history of the unexpected happening, the market won't rerate us until it sees a barrel filled with oil.
I'm undecided on cash raises... I guess it depends how long for these so called formalities to be completed but what I will say is that even if MB came out today and said we didn't need a raise, I wouldn't believe him after what he did earlier this year. But the markets may also be conscious of it being a possibility, no matter how small.
Or it could all just 100% be down to some shady MMs controlling the world :/
ps, found out today that Premier Miton, who run a few small/microcap funds and is run by Gervais Williams, has a position in MATD. He is highly regarded in this space and exactly the type of guy you want to seeing owning your stocks.
Ojay i already told you my views.. so be a good boy. Ramp this stock to over 6 this week and you will not hear from me again. Or better just put a buyorder in at 6. Or also not allowed any more shares here?
Professional / CJ1986: If you guys feels comfortable with the current PM situation than I understand that you prefer to stick around (your posts don't seem to reflect that though).
You know what your (limited) options are should you change your mind.
Ninesandy
Profit / barrel should be closer to $25 - $30 range using Brent price of $76
Cant buy anymore... Mrs Bench will have me living in the shed if she found out! Il be demoted from Big Bench to small chair! :-0
Bigbench just put in a big buyorder at 5. Than they will let it go.
Mm are not holding anything back.. this is just where the market is now. If you think it is to cheap...BUy....dyor
Bigbench just put in a big buyorder at 5. Than they will let it go.
Mm are not holding anything back.. this is just where the market is now. If you think it is to cheap...BUy....dyor
...... the last 25trades.... just 1 sell and they refuse to move it up
Mr P.... I'm talking how much profit per barrel. Not our percentage of revenue. If a barrel of oil is currently circa $70 lets be honest. We will not be walking away with $35 profit on each one. We cannot spend all the money we take on future projects. Only the money we keep.
Ninesandytoes,
You will find MATD cut is closer to 50%.
In one of the presentations few years back MB mentioned Mongolia has one of the best PSC terms on offer. Also i believe that kicks in after we have recovered our investment first. Huge Tax breaks in place also as we Carry forward our trading losses from past years and offset them against profits first.
So our share probably even higher than 50%.
It will re rate soon Master and you can add a zero to the 2!
Manipulation at its best. Sp was 9p without EL last year. Sp was 7p before the LP.
Each time progress is made Sp keeps going lower.
Might end up at 2p if heron is put online.
Not surprised at this SP, if I had another sofa to check down the back of for any spare change I'd be piling in again.
Buys still rolling in
Love it Cj.. dont forget in San Francisco or some other lefty progressive state in la la land..if you mis pronoun someone its a $10,000 fine... the world has gone mad.. hilarious.
Anyway back to the multibagger in hand here... when the £1 party??
Stability of a business is all about guaranteed income. It is not about speculation and hope. Survivability is about having cash flow and not debt in this day and age. So stop with the wildcat drilling and focus on income. Everything else will come from that.
Agree Ninesandtoes, this is what will propel the company forward. MB if you are in dire need for cash, do it the right way. Reward us with warrants for being holders. Do not sell us out
Lets be honest about revenue and profit. What really matters is how much profit we make per barrel not how much income we generate. £1m per month is not ours but 10% of it might be. That's why the important thing is to develop the field asap. If we can go into the winter with three wells producing 1000bpd between them then add that revenue to a good deal with DQE regarding deferred drilling costs we are in business. This can be done comfortably from funds we have and I hope this is now the focus. No time for exploration just development until we get to ten wells now in my view.
GB!, there's being cautious and there's being a prophet of doom!!
Ok appreciate your honesty Cj! I’m relatively new here so can’t complain about the last raise being a blow! What I would say is I have been on the receiving end plenty times before and it is right to be cautious.
"MB being dishonest or are you trying to spook people..?"
Perhaps my sentiments are something to do with the sucker punch cash raise, out of nowhere, last time, at a pitiful low price, which I recall was in the exact same backdrop and climate from you lot - "oh everything's wonderful, soon 50p, soon 85p, LP next news, it's going to be sunny tomorrow"
And also something to do with the down right dodgy price action from the last week and yesterday. So no, I'm not trying to spook anyone. I merely have a brain in my skull.
I AM invested. Average 5.8p, I want nothing more than to see this at £1. I'd be in heaven. Just fed up of being burned and don't want to sit back in silence with people talking utter rubbish about the blissful universe we live in. It's people like that who don't see the problem with uncontrolled illegal mass migration into the UK that we are paying for, who couldn't see the issue with "lockdown" or "vaccine mandates", who can't see the issue with these clowns who argue there aren't two sexes, there are in fact 875,472.12 sexes.. and 7 years old are fine being brainwashed with it in schools. Honestly, the world has gone insane.
Is it cos the MB dude did a sneaky raise last time he said were fully funded? Market don't trust him.