Firering Strategic Minerals: From explorer to producer. Watch the video here.
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there are some on here who simply are not clued up on what valuation the market will give once the discovered well starts production. Let me give you a simple example. Look up PANR (Pantheon Resources Plc), currently capped at £180m. It reached a peak of £1.5b. Like MATD, before that it meandered, for years, in the penny share status until it ihit pay dirt. Yet is it producing oil now ? no it isnt. Its still trying to figure out the best way to get production going - and even then its still capped at £180m (news affected the share price collapsing it from 160p to 20p).
Now if that doesnt show what is possible here, even 50% of the possibility then best leave your funds under the mattress... safe and sound.
The key is cash flow.... MATD securing the LP will trigger such a rerating because one thing market loves, is free cash flow... and there is no better way to generate that cash flow by discovering, extracting and selling a resource. MATD has been meandering for the past 10+ years going through highs and lows and then stuck in penny share league.. but like PANR it's now tantalizingly close to achieving the holy grail of producing oil and making cash that flows to the bottom line and funds future exploration and production.
declaration - I own c.4m of these which have been accumulated over the past 2 months. Im not a fool who easily parts with his money.
Hi duster,good to see you back! We’ve all missed you.By the way how is Shirley,hope she’s behaving herself!
That means LP any day now, seems overdue if they have measured up and had the review, I could be in for a chance for the LP landing first week of April then
They , meaning the team who was going out to measure up . All different agencies were there.
I recognised the mpram team . They were at the opening of Rio tintos mine around a month ago.
They met the governor on 16th. Maybe before that. But it was posted on 16th.
The latest photos were uploaded few days ago on Facebook. .
And the initial meeting took place on 6th . Where they were going to review the PM land issue
Master82, do you remember what date it was when the mpram team was sent out to block 20 to work out what parts of lands covering the Wells that they are given them access to for the LP?
I think the fact they have ordered this to be done surely this means now it's all done just admin to take care of now and LP aware ina week or 2
lol duster COPL, 80% down on the year. Keep dreaming.
Doc83, you should really just take a break mate, if nothing is happening for you here and you don't like the positivity then maybe just switch off fro lse for a while, but stop being so negative it's bad for your own health
It's all about perspective though isn't it?
I look at it as Q2 starting tomorrow!
With April Fools day.
Thornogson - and yet despite your feel good factor another week, month and quarter ends today with still no LP.
Either someone is using 2 devices to follow this chat group or they have an avatar or 2 to be able to still comment on someone's posts when they have been filtered out sneaky sneaky or what?? GLA
Mr Dusthater just read & then ask proper Q's and why price at this level & catalyst in Q2 which look to 58p Renav level
https://progressive-research.com/wp-content/uploads/data-sync/research/MATD%2020230302.pdf?utm_source=sendgrid.com&utm_medium=email&utm_campaign=website
Be happy & not lazy :)
Mr sneaky Doc you only filter me when I expose you for when you say SVB issue not affect price here & other small cap.
I show you chart & how uptrend reverse on 8th March but think everyone already understand you do not know how investment market work & risk analysis
People who read BB see your post & understand what I say ;)
Be happy :)
Why the green boxes.
Why not just read the RNSs?
Because actually a lot of excellent Facebook and Twitter links are rather confirming what MB has been saying?
The Mongolian Government have recognised that things have to change if they're going to attract Foreign investment and become independent as regards fuel and energy supplies.
It's all going Matad's way. They're crouched on the starting line long before the others.
We just need the starting gun to be fired.
Ready, steady......
Strong finish I think.
How much oil have you pumped herd since apparent discovery?
What is success rate on drills here?
Why is such high mc at the moment?
Genuine questions.
Be happy - and don't forget keeeeeeeep pumping.
Followed Manro’s advice and 15 green boxes today! I’m assuming I’m not missing anything but RENAV 58p you sneaky little so and so, “any day now”!
If you want reason Mr Dusthater for Multibag rise in MATD share price then read this first
https://progressive-research.com/wp-content/uploads/data-sync/research/MATD%2020230302.pdf?utm_source=sendgrid.com&utm_medium=email&utm_campaign=website
Be happy & research sir :)
So you expecting £130m market cap in April - on what news exactly please?
Love price 4p gone, next stop 15p on LP and velociraptor RNS, April will be a explosive month, any one sold out today please do some research here and realise what you have done lol, kep watching matd this month,
End of year could be a ten bagger from here
This is why RENAV here is 58p and not difficult to see how fast expansion will be
2023 Breakout year for Breakout stock at Price breakout right now.
https://progressive-research.com/wp-content/uploads/data-sync/research/MATD%2020230302.pdf?utm_source=sendgrid.com&utm_medium=email&utm_campaign=website
DQE deal will fast track this well / revenue growth & why all piece fit together so well.
Remember before all talk was we are in discussion with DQE
Now we know deal already have been agree for final signature from head office. This when LP come so NEWS on NEWS on NEWS :)
Negotiation for deal must consult with head office when making deal so signature now just formality for MÀTD / DQE partnership & revenue growth.
What will happen to SP? ;)
Happy & cash rich :)
Master82
Thats about right. 15 wells at approx 600bopd takes you 9000 bopd as PM originally said. Mind you Heron-1 flowed at over 800 bopd rate naturally to surface at 46 API which was one of the best oils ever discovered in Mongolia even better than Petrochina.
Thats how Petrochina got to peak 25,000 bopd starting with few wells rising to around 50 wells. Their production is declining gradually. PetroMatad can fast track their wells from the Multi-well DQE deal.
Also oil is benchmarked at Brent crude price less 5% discount. Loads of CASHFLOW to come. We just need to sit tight or accumulate before fireworks start....which is just a matter of time starting with April.
Agree mr Big bench and also expect new Drilling Block news from timeline I post few day ago for DARIGANGA XXIV
Happy time :)
Doc.
It's not shocking at all. They haven't had anything to sell to fund ongoing operations.
That's why the Land Permit is so significant.
When that lands everything changes.
Heron starts to produce oil, funds start to flow - literally, and Petro Matad start to plan become cash generative and the Share Price reflects this.
Chalk and cheese.
If you think the Land Permit will come this year you'd be mad not to buy at 4p a share.
Hope to see this 6-7p by end of next week... even then it still well undervalued.