The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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@reserachandhold
Thanks. I just wanted to counter the prevalent view on here that price action is completely determined by fundamentals and news. There tends to be a bit of a fixation about this on this board. The fundamentals of MATD after the last RNS didn't suddenly change so that the company was suddenly worth in a few weeks almost half what it was worth prior to the RNS.
In their defence, the MMs do take on a degree of risk through making a market. As well as trading their own accounts they are wholesalers of shares, and like any wholesaler they want to accumulate at as low a price as possible. So sudden price crashes in a thinly traded share such as MATD is entirely in their best interest. I think though that if people knew how much the MMs have made through short term trading MATD over the last few years then this board would be talking about nothing else for many days....
Progressive Report already show 58p price projection (27p even without Velocirapror) but at only $70 bbl price. All analyst say oil price going up much higher (over $100) so price projection will go higher anyway (person who say Report sponsor by company does not mean figure just made up & must justify this with data).
Also Govt of Mongolia have massive expansion of oil resource development & why we think MRPAM/MMHI go to Isel if Man meeting to set up partnership agreement.
Check recent meeting between Govt & Xcalibur Multiphysics also to help in this .
New Block information
https://anyflip.com/opmlo/snyx/
If people want to say cannot get to triple digit no problem. But I have good logic to think this & any investment at price now will give me MULTIPLE ROI imo so invest or not no problem.
Cabinet Meeting also tomorrow so maybe mega RNS with Velocirapror 1 we expect this week for countdown to potentially massive V-1 drill.
Glad I hold my shares. Be happy :)
Good post Investor33 - I was aware of sone of what you say but you’ve explained it very well and I can see exactly what you say the MMs get up to. Makes a nonsense of the view that the market knows anything about the value of company!
The sell off was well overdone Mr.P… back to 5p today
Agreed WOS. we should be in double figures right now if it wasn't for MM manipulation. Double figures should come about shortly. Velociraptor spud RNS this week should get this going until further updates. Thats when we should see some major gains. GLA. Put your seat belts on and enjoy the ride.
Header say all & easy to explain why with investor logic not BB logic
- Special Certification land Permit WILL be sign & soon now is at Cabinet level decision
- Heron asset will get develop
- DQE partnership will fast track this
- 2 Billion barrel Proven & in place Toson Uul basin
- Velocirapror trend exploration but on proven working petroleum system
- Success or not Petro Matad already have asset so double figure SP easily covered just with this (projection 28p at $70bbl)
- New Oil Blocks (expect news any day)
- Renewable JV (do research). Have massive potential & Chna, Development Bank & EU already plan massive capital investment in this sector in Mongolia
- Mongol Govt / Petro Matad oil sector partnership (need more info but check IOM meeting)
Mongol Govt VERY pro business / foreign investment focus. BUY or not no problem.
Have put reason so agree or not. I look for triple figure share price with mr Mike Buck and brilliant strategy to develop MULTI FACTOR ENERGY COMPANY who pay dividend. Think Petrovis there for charity What will ROI be for investor at this price.
Make own decision & be happy :)
Good to see bit of recovery today.
@cashrules
" The share price go’s up and down based on the markets belief in the companies prospects. "
So you think that after the last RNS, which was fairly innocuous, you believe that the market then determined in 3 weeks or so that the company was worth nearly half what it had been worth at the top of the spike just prior to the RNS ? Come on. ..And maybe explain why in recent days there have been more buys than sells, and yet the price was down 2 or 3%.
If you've ever studied bar charts, then you can actually see MM manipulation on a chart. Typically before a big and rapid move up there will be a sudden dropping of the price, only for it to quickly recover. This shows as a spike down on a bar chart. The MMs can see where the stops are and deliberately aim to hit them - this sudden spike down achieves this. It also shakes out any weakholders so as remove any selling pressure when the move up begins. Conversely, at the top you will often see a ' telegraph pole ' spike in which the price has been marked up very rapidly, and then drops just as quickly. - this allows the MMs to offload quickly what they accumulated as FOMO takes over as the price suddenly rockets.
Also, with thinly traded AIM shares there is far more scope for MM manipulation of the price. They are not some kind of impartial referees making a market - they are busy trading their own accounts as well as making profit on the spread.
An incredibly simple concept appears to have fooled most investors: You can't sell or buy without a counterpart who buys or sells at the same time - it's as easy as that.
The only question is: who is the buyer and who is the seller (i.e. where do the respective shares come from)? That's where instransparency kicks in.
Hawkspear: Good to see that you're still around!
ATB
Maybe that'll be the time to start averaging up a little. Follow the money as they say. GLA
Sometime i can be a cynic and a suspicious cynic and my guess is we will know when the LP is coming when we get a number of 1 or 2m or more buys coming through. It will mean MB has let his cronies know in the city know what is on the way. It will not be long but it could be an afternoon or even most of a day that the share goes wild before the RNS drops. I would say insider trading but city would say boys in the know nudge nudge wink wink.
Watched TMKs last webinar 31st May very confident CEO. GLA
I understand it. Seems like many other on here don’t. They think the price should go up in lock step with the increase in buys.
Not a major scoop about Matd but just to let you all know that Major Drilling are holding a webinar this weds. If we have had no spud news by then there is a possibility they may mention V1 as part of their ongoing operations update.
Https://www.investopedia.com/terms/m/marketmaker.asp
It's basic - if you don't know this you shouldn't be investing in single shares.
So you can’t sell unless someone is waiting to buy! Rubbish. The stock market wouldn’t work if that was the case. There must be an in between. Can someone with knowledge please explain
Think mr Buck will release New Block news as well ;)
Bounce started on Friday hopefully back up to 6/7p then velociraptor and 10p smashed, LP landing would smash 15p,
Good evening everyone, I haven’t been on here for about a year, my old computer finally died so I had to get a new computer. How are you doing Ojay? I seem to remember that we had some interesting discussions in the past. Good to see PM doing okay again. Will keep in the loop in future now I’m able to connect toLSE again.Best of luck to all holders.
Good to be holding MATD stock :)
"There is no such thing as a Buy without a Sale (and/or Vice Versa)" - this is what I've been saying about this idiotic trading system all along (since years!). It is designed to provide INTRANSPARENCY (probably so you don't find out what the he*ll the MMs are doing and particularly how many of their own shares have been sold (or how many they have bought). The MMs don't want you to know how much money they are making when doing their trades on PM and other company's o&g shares - otherwise you may just be shocked!
Https://montsame.mn/en/read/321094
https://montsame.mn/en/read/321074
Master for balance, MG are romancing everyone, but the core of relations are with those who landlock them. between a rock and a hard place
It doesn't mean the sale was done the same day. MMs would have bought on the cheap after panic selling from PI's so they can make money.
For every buy there has to be a sell. What you see reported doesn’t give you the immediate picture.