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Very good post, blissful. It was very strange to read such comment that "If putting money into stocks with the expectation of making money was that easy we wouldn't all be posting on this board would we?" Why we wouldn't posting, CS? Do you want to be the only richest man on the planet? Or making money on the market its the privilege of the geniuses who will kept their knowledge in secret? There are a lot investors who are not genius at all. But did make a lot of money on stock exchange alongside with some losses of course. And that are the losses which can teach us how to gain. And specially through the investment in such a brilliant company as Matad. I have already achived my first significant gains here. And surreally will repeat it very soon even in much bigger scale.
Yes blissfull - good luck to them. And still: It is how it is on AIM (probably since decades).
No need to shy away from the fact that "people don't realise". Again: It is prudent to understand that very "primitive" news drives this or any other AIM share's price. It's always great to hear expert opinions on this or that on this board. But ultimately, what drives the SP is not based on expert opinions - although it may be good at times. What drives the SP is emotion, expectancy, hope and phantasy. I firmly believe that most of the PM investors are driven by those aspects. Clearly, I wish it were different - but welcome to reality.
Good luck to them Ojay but if anyone takes the trouble to do some research on PM they may find there is a lot more here than a gamble on whether it will rise or not on the way to spud. It's already gone up over 100%, that's why so many are jumping ship having made of beer money, but I am looking for a life changing amount as I did with RKH, buying at 35p and selling on good flow tests at 4.20 and 3.85, more than a 10 bagger. I want at least a ten bagger here. A lot of people don't seem to realise that success at Heron 1 will mean a lot more than the 25mmbo there, it will give us the opportunity to fund the and exploit Raptor and Taat, probably with a partner but if not on our own. Success at Heron means we will most likely team up with Petro China so that their side of the border and ours has just the one operator, cutting costs in half yet with us having the biggest slice. I wish anyone luck if they want to sell on the run up to spud.
On today's excellent RNS its a clear sign that there are a lot of day traders on the market dealing with our shares and taking a bit profit at every opportunity. Therefore I do not surprise to see todays' fall. And since I know that everything is going in accordance of plan it means nothing to me. Except, its giving to all of us and specially those sitting on the fence chance to get in at the lowest entry point. Which is luckily still possible for such a late stage. When we are on the eve of our first Heron well which will appraise a structure already proven to be oil bearing on Block XIX. And today's SP fall most likely will be the new base for even bigger jump tomorrow.
So, we can sit absolutely relaxed and enjoy our pleasant journey!
I think unless we have a major, consistent holder offloading, we can all reasonably expect a significant price appreciation through various stages of the drilling process......and beyond just the actual results.
We're significantly up on a few weeks ago, so need to take that into perspective. I think where opinions may vary more, is the extent of such price appreciations going forward.
I know my strategy, which is as stated in my previous post, hence somewhat detached from emotional attachment to price movements in the interim.
What else will trigger a substantial rise, this is an oil company so discovering oil could be good bet for a rise! Gone are the days of spiking towards spud it would seem. The best thing would be to do some research and buy if you think the company will succeed, don't buy if you think otherwise. The proof will be in the pudding.
had an effect on the SP development: It looks like it didn't work. Clearly we'll have to wait for the end of the trading session to be sure. But it's currently not looking good. One thing seems to be clear: The market's confidence in PM must be at its lowest. Considering the outlook of PM's drilling schedule there are so many more positives than in February 2017. This all just doesn't make (market) sense. But then again: It's AIM.
I'd say yes. Two power house are at trade war. Each would want to depend on their own resources rather than rely on export. We know US has lot of oil reserves. China has been buying from other countries for past years. Heavy industrial machinery needs to be powered by petro. A lot of products too are made from crude. China will definitely want to stock more reserves to remain in the game
Flashy500. I think we will see unitisation on block XX, it seems this has been broached by both parties but they need to see MATD discover oil before this goes ahead. It appears MATD may have the lion's share but Heron 1 will tell us more. If oil is discovered on the other block there would be too much for Petro China to refine at their refinery and Mongolia want to build their own, they have the infrastructure in place already.
Afternoon. I've been in Matd on and off over the last few years - but this time looks very good indeed. One thing that I would look for comment on are peoples' thoughts on whether Petro China could put in a bid for Matd if these drills come off. What do you think? On the Proactive Investor presentation Mike said they are in discussions with Matd about data for Heron, and furthermore that it is the Petro China's refineries they will use to process the product as these refineries are running below capacity as Petro China is exhausting its current wells. So, does anyone think that Petro China might take on Matd's oil fields to make the most of their refineries and infrastructure out there? (And providing the wells are successful).
I have to agree with you Cash2 and am pretty much viewing it in the same way - that's not to say I'm recommending that approach to anyone else but am artìculating my own strategy going forward.
We have excellent prospects here and a very good chance of striking oil and the fact that the multiple drills are so close together, hence providing a degree of price bouyancy on any singular drill not delivering.
Accepting the usual caveats of course with oilers generally, MATD is pretty uniquely positioned and a 'fresh eyes' approach is probably more useful than any past issues - especially with a new, more competent Management team at the helm & better Seismics to go by.
Obviously, due to the previous drop, we're experiencing some profit taking from the lower entry positions, albeit the transience is relatively minor when seen from the new trading range thats established (from several weeks ago).
That'll give us a more solid platform for further price appreciation, as we look towards the next breakout and trading range to be established - well watched so like last time, it'll be a rapid & sudden breakout.
Master - We already new MATD were drilling some wells and the information flow had been good. I don't really think the RNS told us anything new. The news was good and confirms that there are good times ahead I think and I'm happy to hold and experience some slight ups and downs to the run up to spudding.