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I also remember TRP off Namibia, had a market cap of £158 mill at the height for the first Western African discovery. I know it was different setup entirely, but that fact remains....it didnt happen and alot of people got burnt. Me included, i learnt my lesson.
Not at all moveonup, open to all strategies, and yes, most definitely here to make money. We have opposing strategies on this occasion so I'll wish you good luck! PS we can both mitigate against being wrong with stop losses. As a reminder, two drills turning here, reaching TD in 2 to 3 weeks!!
I remember that one too Capt. Stanley ;)
Atb
And that’s all the’ve ever known here -duster that is!Made good money on this years back as held with patience during the 2p days but wouldn’t want to be long on this at this market cap with the forlorn hope of eventually hitting some mythical oil here lol.
LOL its a discussion board, i'm discussing......TBF anything can happen here, ive chose my strategy and im sticking to it. Good luck to yours too.
moveonup - If your SOLD out! The only reason your here to deramp and looking to enter at low price:)
Good luck mate.
And i wouldn't get fried as i would jest set a stop loss and just close my position. You sound bitter.......you need to TRADE a stock, its a strategy i dont know why your so insulted? Surely your intention is to make money.
I dont take it personally at all. Im here to make money and i have achieved that, currently not in. Im waiting for a new entry point. I also hope that Heron will hit, but i honestly this Red Deer will miss. Trade your own game.
That is a bold move indeed and I sincerely hope it backfires and you get fried this time around. Having made thousands already I trust that you won't take this personally. I think Heron is make or break here and the odds are strongly in favour of success.
I remember people selling out of Rockhopper, minutes before a midday RNS confirming oil - price went from 35p to over £5, with a lot of tears of joy & sorrow from respective holders and sellers.
The point is, we may indeed get a leak (beyond a Yak urinating), but just as easily very little indication at all ;)
It'll certainly be interesting and hopefully being an Appraisal, a much better chance of successfully hitting a massive find, than Capt Stanley's lottery ticket ;)
Atb all & have a wonderful day
I've made thousands, i play the stock how its needs to be traded. Just saying, it may not be all boom for oil that many hope. Can still make a killing shorting it.
i was referring to rumour and people selling before its announced via RNS
moveonup - You know, you're rather amusingly wrong. Judging from your past posts here in regards to MATD - no one is going to take you seriously!
Same applies for a duster
CS. What about the Yak herders, I hear they have a special sort of grapevine. And the Chinese, their ears are probably glued to the rig, no secrets from them either. PetroChina will be in the know and I bet there are a few local government spies camped out in yurts nearby awaiting good news as well. So yes, I expect MB to spill the beans very quickly! It could even be as early as next week if there are no further hold-ups.
Good luck all.
Good Morning Nortus, how are you Mate? I trust you're well.
We have been talk about news before because the contractor has an experience in bring the result before the company estimates. I'm not saying will happen here as well, but anything can be on the table here. We didn't expected the Heron delayed and happens, we are expecting news by September, but the unexpected can be out again.
Have a nice day Mate, take care.
Obelix
Why are many saying RNS news next week when they have clearly stated results will be around the 1st/2nd week of Sept. I'm all for praising this stock and talking facts but by people saying the results will be definitely much sooner is contrary to what MATD is saying. It just baffles me. Just roll with it, results will come when they come and I'm quite confident they will be positive... from both Wells. By telling yourself and everyone on this board that results will be much sooner doesn't miraculously doesn't make it happen. Try stick to facts instead of wishy washy misleading comments please. GLA
Mixed day....... a Friday before a Bank Holiday Monday always sees money leaving hot stocks, so will be sellers around.
However, on Tuesday there will be massive buying of MATD as the traders pile back in. A wise move might be to use Friday selling to buy, before all the buyers pile in Tuesday morning.
tomorrow could go two ways...a steady rise am..then the 10%.s either take there profits out for the weekend...or buyers flying in on news next week...ill go for the later...imo..gla