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In this market the share price will tank on anything other than a discovery. Oil shows with water and it will tank to 3p. We need a column of oil for the share price to take off. Investors now need to accept that there is a 80% chance that the share price will halve within the next few weeks if WH doesn’t strike oil. It’s a straight forward gamble now on a 5 to 1 shot it’s as simple as that, personally I will probably now have to de risk at a slight loss this week and will hold the rest for the results at the end of November. Any strike and of course it will be a strong buy, but in this market investors just won’t take the risk hense the continued selling as investors de risk before the price falls any further
40p? That would be serious cash but right now I'd be happy with just some oil shows at WH (notwithstanding a major discovery) and ending the year at 15p. Is that possible? That equates to over 150% from this current all year low of 5.65p.
Is laughable considering the prize of Wild horse is 2.6 billion pounds in the ground value. Just 10% of that equated to share price is just under 40p a share.
Wild Horse 480m x 7$/£5.45 a barrel cos of sheer size and onshore.
Anyone selling at this price must be selling at a loss?
R1, please do give it a rest...Mr P as the name suggests likes to ramp or be positive about MATD, ( with good reason for optimism I would say, with at least four fully funded drills to come ), whilst you de-ramp or are continually negative..Your prerogative of course......Time will tell who is right or wrong......Not sure about yourself, but most of us here have bought a ticket on this roller coaster and are happy to enjoy the ride.
jndavid490: So true what you say: As long as you stick with it you don't lose. Only when you decide to sell at a price lower than your average purchase price you will lose - but not before. That is the advantage of being an LTH - which BTW is pretty much considered to be an alien concept on AIM. With shares like PM you can easily take the stance that the price will rise. When? Hard to tell. But only when you decide to sell you will know you've made a loss or a profit. GLA
If we strike any of the 5 fully funded. wells you will see tremendous value.
Wild Horse 480 million barrels
Fox 200 million barrels
Red deer 48 million barrels
Gazelle 13 million barrels
Heron XX million barrels
Antelope XX million barrels
Mkt cap of 37m is pricing in only oil at gazelle at present.
Mike31, I do hope we have picked the right one! Been here a while now, kicking myself that I never sold one share.. just kept buying them, hoping like many that I can change my families lives. I did have a chance at 38p but never took it! Let’s hope we all get the chance again. :)
It's only tremendous value if we strike at Wildhorse, otherwise we are staring down the barrel of 3p or less with no further drilling activity till late spring 2019. I've got 400k shares here right now, but it still gets to me in a big way the idea that there is an 80% chance i will be losing circa £12k in the next few weeks. However a strike would change my families life considerably for the better. So it's all a gamble now in reality. I guess on a WI duster, i might double my holding at around 3p, bring my average down to around 4.5p, then wait to april/may '09 when there will be an inevitable sp increase in anticipation of fox and XX etc. So all to play for right now, but a 20% punt all the same. This is very high risk/huge reward right now. Place your bets peeps, or don't, it's that simple!
The remaining Beaufort clients have funds available from 8th November to invest. Some of that money should find it's way here.
Get the us mid terms out the way on the 6th November and expect the markets to rise.
Amer have 18m barrels reserves
Casp have about 20m barrels reserves
RRE have about about 30m reserves.
Ophir have 71m barrels reserves
Pmo flag ship is 92 m barrels reserves.
We are targeting 480million barrels
480 million barrels let that sink in on wild horse. 30p - 40p plus to mkt cap on a strike. Partner waiting on the side lines as stated by Mike buck in lse july interview. If no partner we will go it alone and should see a mkt cap of 600m within 1 year!
Current mkt cap 37m
Potential reserves valued at 5p a barrel
Ojay, I feel ya. I am new to share dealing. Matd is the first aim share I had bought. I am still hanging onto my shares like the rest of the lths. I have said before, my average is 10p. Watch my investment decrease over the past month is painful (without mentioning Bergen), we are in the same boat and I do hope we have picked the right share
I never thought that the opportunity to invest here at these prices would ever be available again.
Even during the Bergen fiasco we never approached this ridiculously low price.
We are now drilling one of the biggest basin opening wells in the world with funding still available to drill appraisal wells in the event of failure.
Matd has put itself in a position to succeed but the market has yet to appreciate that.
If white horse proves to be successful we still have multiple millions of dollars in reserve to make the correct decisions in moving forward in the best interest of share holders which puts us in an extremely strong position of negotiation where farm in partners are concerned.
We might not see the true potential returns this year but Mike Buck has put us in a solid stable position for forward development imo......but if WH hits then who knows.
The good thing about the current SP is that as soon as it hits 7p or so or any sudden rises, you know its gonna be good news from there. Also, the opposite may happen and sp drops more indicating not so positive drilling...
There's still significant risk here, especially given the frontier nature of this particular basin.
Nevertheless, if the well disappoints, (which statistically is the most likely outcome), I can see the share price taking a hit in the near-term (even though I think a lot of negativity has already been priced in at these levels). But I think it would just mean I'd have to be a bit more patient until the next round of drilling in 2019, ...in different basins, with different geological conditions.
However, on the other side, I think the market is greatly underestimating the enormous upside for MATD (and Mongolia) if this well comes in positive.
So I decided that the risk-reward setup was very favorable at these levels.
Well said Manro: This sp development is completely unreal - but as we all know: The market makes the prices - even if many of us are convinced that the market is on the wrong track. I fully concur with your statement "we are being tested". These kind of aberrations can make even the most steadfast investors to start worrying - including myself. Nevertheless I am not willing to give in and will stick to my investment come hell or high water. There's so much going for PM! Once again I must say at these price levels the investment in PM has turned out to be not only a "holding operation" but also a "buy into operation". If you want to do yourself a favor and you don't need to sell - DON'T!!!