London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
//Who know more CJ & Bad Prophet anonymous BB poster OR Mr Mike Buck CEO of company?//
Buck said the co was fully funded in December, I said there would be a cash raise - who knew more then?
WOS, good points. Please note that JULY 2024 is when the exploration license for the V1/V2 drills expires. If they happen to be dusters, which I sincerelyhope they won't be, then the company will have to rely on income from the Heron field to fund further development.
I'm sure our CEO is fully aware of this.
Heron is already confirmed it has oil? i thought take a number of years to set up the drill equipment to drill?
No main risk factor land access have been given better to look at official company infirmation for answer mr BP. What you "think" is personal for you only.
Heron should produce THIS YEAR in 2023
Velociraotor have to hit oil first but think I see 2024 mention if happen.
Do not worry fast track of Heron & extension into over 2 Billion bbl Toson Uul will be enough for this time ;)
//anyone more think matd could go to 17/18p with Heron and velociraptor producing?//
Yes - I think so & maybe a lot higher. But will they produce & when?
Who know more CJ & Bad Prophet anonymous BB poster OR Mr Mike Buck CEO of company?
LOL
Lot if sillly thing people say on BB ;)
Also think some people here who suddenly start to post & say they are LTH maybe should do more research like LTH should know ;)
Also maybe find out cost difference of offshore & onshore drilling ;)
"Cash balance is sufficient to continue operations until AT LEAST JULY 2024 (RNS 20 June 2023).
Also maybe check out DQE reference to deferred drill cost / offtake
Thank you & be happy :)
CJ - I think you are right. There will be a cash raise by share issue this year. Getting the LP has made that more certain by underpinning the SP. MB doesn't have enough money at the moment to fund his future plans & Heron will not provide enough soon enough. IMV
CJ,
I too am frustrated for the same reasons that you state in your first paragraph. As for a potential cpital raise, i can't seee this happening in the near term, because i think the company believe they will survive on income from the Heron field,
I hope that they are correct. all imho.
Guys, need to be a bit patient. 50% up and a bit down today. Correction.
All these buys at around 6p make a huge strong support to the next level.
It is gonna go up soon. Just a matter of short time.
BP needs to take his advice and go and come back after 5 years. He is a sad joker here! He has no shares.
Who is selling this below 11/12p Minimum target and if all goes welland producing 17/18p my opinion of course .. anyone more think matd could go to 17/18p with Heron and velociraptor producing?
SirJames - how about not selling at all today 😄
Could sell at 5.94p this morning now 5.026p to sell.
Haha nice try.....
How's you day job as a MM going?
Can't get enough shares , you are not having mine.
Here is problem people may have & why am VERY relax with my holding
Think most people understand value is multiple of current price just with Heron & with land access RNS which DERISK this.
People think will wait for V1 drill result & hope is duster to BUY in. Maybe will be duster & plenty people will buy in so reaction very short because lot if derisking ALREADY happen (and probably V2 spud announcement).
BUT
What if V1 (potential country making drill on known working petroleum system) HIT OIL?
This investment which most people understand will be multiple of price WITHOUT VELOCIRAPTOR will be taken away from them at this entry level.
Not chance I will take & happy with share I have. Not many opportunity like this & Petro Matad (company & share price) will grow whatever happen ;)
Be happy i am :)
I am invested here, average at 5.8p, so I want nothing more than for this to rocket up to 50p+ and to make a pretty penny, but alas I am hugely frustrated with 1. The poor SP performance off the LP news and 2. This ridiculous nonsense from so many here that we are in for a straight easy ride up.
I wish we were, but experience from this share, RKH and others is telling. I can easily foresee a capital raise now we have LP in place. I don't want this and I feel personally the risk of selling to buy in lower in too great, in case my gut feeling is wrong, but a big dose of reality checking reminds me that if I were CEO of one of these companies my first job would be to ensure the life of the company and my own salary. Right now, a capital raise of say 3p circa 350 million shares would raise £10 million. That puts the business, the CEO, the board, the Heron workflow, the exploration drills, the BS dealing with Mongolian land laws all at the back of the mind and takes any heat away. It also represents approximately a 25% dilution, thus the 5p - 6p range sets a new floor at actually being 4p. The mcap would remain around £60 - £70 million, and then from there we start to get all the news flow and progress knowing we are FULLY funded for years to come until we have true and regular cash flow.
I've seen it time, time and time again, so it wouldn't surprise me one bit and that's why at my 5.8p average I won't be jumping for joy until this has all been acknowledged and answered by the board. Again it's not what I want, I want zero dilution, but I just can't see it being the case and perhaps that's the reason for the ridiculous non-existent SP performance, as the market and big boys all expect this type of action to follow?
It's all ifs, buts and maybe, all in my humble opinion. Nothing here is advice, it's just my humble opinion
Cheers Poole122. Totally makes sense. badprophet is probably a paid de-ramper, and a virgin, sat in his mums basement in his y-fronts winding us all up here. Here's some advise bp - open the curtains and window and let some fresh air and light in. it'll do you wonders. and for god sake get out of that basement. ;)
Poole - here's a tip Your elbow is usually higher up than your bum.
No bp isnt invested. He sold out at a loss months ago and is now bitter that we all stayed in. Hes best ignored/muted
Badprophet, are you currently invested in PM?
Er - no
So just to understand this correctly, Heron and LP which is now sorted and will bring income and revenue we should expect 25p according to their poster. What time frame would this be? When Heron producing?
If velociraptor fails we are going down to 3p again and then back to 20p+ because we will be getting Heron production? So we everyone wins and no dilution, therefore share price goes up regardless?
“ i haven't got time to have a typing contest on this BB.”
Great news, you go toddle off then and leave the rest of us to have a pleasant discussion/debate.
//Badprophet filtered for bunny boiling this bb//
PMSL - it's the market that's doing the bunny boiling matey!
Doc, i haven't got time to have a typing contest on this BB. No one else is interested in our dialogue.