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The company believes that the current cash balance is sufficient to continue operations until at LEAST July 2024" - RNS 20th June 2023
If V1 is a duster this won't drop much. The market already knows chance of success is low so it has already factored in the SP, just like when wild horse was getting drilled.
The main prize here is the LP. Its very disappointing that we are still waiting. We feel like fools if we even put time on it.
Recession - I think you should include possible/probable cash raise in your likely outcomes.
The market is well aware of the 20% chance of success so nothing is priced in here for a massive oil find... a duster will drop this 10-15%... a strike will be 150% uplift then some
Mr Doc not Dic
IMO it's all about Waiting now (As Good As It Gets).
Once RNS lands (Positive, Negative Or Neutral) then SP will Move (Either Positive Or Negative)
So it could be One of these Scenarios
LP = Up
Drill Gusher = Up
LP & Gusher = Mega Up
Delays = Down
Drill Duster = Down
No LP & Duster = Mega Down
IMO SP will be between 3.50p and 4.00p range until RNS lands. Meanwhile a Mini Bounce May occur but Nothing more than that (Until RNS Lands).
Your Money 💰 Your Choice 🤔
AIMO DYOR 👍
Get fact right please Mr Dic
1.6p was LOWEST and was when land acces was in LOCAL COUNCIL control. Local council block this every time.
Now land access go through SPECIAL CERTIFICATION which is under direct Cabinet decision.
This us major change & lowest so should reflect this sir.
Spend more time in research & less time in attacking individual poster ;)
Be happy but do research please.
If LP hits, 10-15p, if V1 hits get the rocket out ;)
Oh boy the gloomy talk 🥺
Let's talk about if it's success instead please
We also had 1.6p! I'm not saying we'd fall back there. But perhaps to the raise price... 2.5-3p. Hell, we're well on our way to that already.
Even if V1 is a duster I don't think they will say as much - if it's not a strike they will say there are "promising signs" & proceed with V2.
Doc, ok but I'm looking back at the past year where the sp has been, we have had 3.70 during a time when we didn't have much hope
Vikinglass - not a chance. If, hypothetically, we were to get an RNS tomorrow saying V1 is a duster, the SP is going to fall. There is no way 3.7p is the level with that news and no LP.
The-Lockie, in my humble opinion this share price has already fallen to "duster" level and should not fall further considering what we have ahead of us - just my view 😏
Vikinglass,
Because that's how markets work im afraid.......duster before LP news and we will drop, it always happens. It's then a case of next decent news to pick the SP off the floor again.
Also V-1 may HIT oil!
Excellent source rock & existing working petroleum system ;)
We already have oil asset & most people do not seriously think Special Certification for land access will not come.
Any recent high will blow away with any of them so no problem holding while price play game :)
I disagree with the various "if Velo is a duster" sp speculations, why would it fall to those levels when we have so many other things in the pipeline 🫨🫨😵💫
If Velociraptor turns a duster and the LP is not in place then we would be looking sub 2p. LP then may bring it back to nearer 10p.
A few valid points there WOS.
FWIW, my guess would be that, depending on the exact circumstances and wording of the RNS, the SP could drop back to 3p, maybe even high 2s. I think it would start to return back fairly swiftly though once the "bedwetters" have gone and more knowledgeable LTHs are left.
Personally I think we'd be very lucky to see the LP before Velociraptor news, but we're about due some good luck aren't we?
Interesting times ahead, that is for sure.
GLA
The LP is what most people are here for, velociraptor of fails no worrys but if it hits this adds another 15/20p to the share price,
LP Al ok me should multi bag this as we start to drill heron for production with oil I. The ground already
Matd becomes producer not a oil explorer
This share has been talked down by some individuals but it's probably the best oil stock currently and alot happening for it
I too hope the LP news arrives before any V1 news, but not going to hold my breath....if so great but not expecting it to be honest.
What happens if V-1 is duster?
Easy to see how LOT ofcerusking have ALREADY happen. Drop in price from 7p to sub 4p in few week & after they say LP go through Ministry of Urban Development instead of Ministry of Mining.
They say "delay" but if you look at timeframe before should still expect land access RNS within next few week. This give straight 300,400,500% rise into double figure.
If V1 duster market will expect land access RNS anytime so who will really want to be out for long. This will keep price up. I expect LP RNS BEFORE V1 resukt but look like lot bet on after.
Also V2 drill look like ready to start straight after with any positive sign. Some people say just being on WORKING PETROLEUM SYSTEM like now will be enough to start V2.
Who will want to be out for long with LP RNS AND V2 start.
Also near term revenue / news from Renewables
This why I see price is just overeaction from quick trader who maybe does not really understand investment or greedy liar type on BB ;)
I am very confident because never was going to sell short term & will see full development of Petro Matad multi factor Energy Company.
Will leave 5%s to little traders who will always be little I think ;)
Be Happy :)
//So what happens then if it’s a duster or just can’t get out for a reasonable cost?//
Wait for special purpose certification
Can see one who posts info / intel & ones who just post personal attack.BB's are like this & maybe because like mr Doc say "all is fair in love & war"
For me thismmean okay to lie or dobthinglike Buy while talk share down & other thing.
Every one make own mind up hiwvthey want to live life but not my way
Be happy but hoourable :)
So what happens then if it’s a duster or just can’t get out for a reasonable cost?