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'Smart Investors' do not need to go onto Chat board & Lie about having everyone's IP address!! π
Grow up Mr Professional & GOODBYE!
Back to sensible Petro Matad discussion! π¦
Mr BP
I have another BUY going thru today as part of Accumulation strategy & with Full Operational Update Due as header.
Will not usually post / mention individual ones but since you ask about Mr Thirngsson.
π¦
The risk is not if they can find oil, but if they can get the local Governor on side, and that is what is killing this share, the inordinate amount of time it takes to get anything done in Mongolia
Mr Wos
Can you go back to sharing inside information from UK Ambassador?
Very smart ;)
Guyswonga74 ; the fact that it was specifically mentioned in the RNS that the governor might try to block the issue of the LP is reason enough to believe that this is a significant risk. He's tried to frustate MATD every step of the way for reasons known only to him.
However , without positive news the factor which throttles the share price is lack of volume - without volume it isn't going anywhere. Every single day I watch Nasdaq small caps move up on rea time charts several 100% on volume 4 or 5 times the normal average because there has been a news catalyst. There's no doubt in my mind that shorter term trading of fast moving small cap US stocks is far superior to long term investment in fairly speculative Aim stocks. It's far less risky too if scalping in short time frames. Some of these very small float US stocks can go up 1000% in a day - I've seen it happen. And we wait years on here with Matd waiting for a multi bagger, despite the atrocious business environment which prevails in Mongolia.
Once I have finished with MATD that's what I intend to do - but for now I am a LTH who has ( maybe stupidly ) held for several years.
β the fact that it was specifically mentioned in the RNS that the governor might try to block the issue of the LP is reason enough to believe that this is a significant risk.β
This ^^^
Investor...genuine question...
Why not sell here and go to nasdaq? If you believe you can easily make 100% in short time frame why wait here for breakeven or even a multibag as this one could also half ?
I share your concerns investor but as a LTH myself I think many have overlooked that Mongolia is a different cup of tea. Progress is not swift and I must add Mongolia is not alone.
I have seen this in many developing countries .
If you compare progress and access to western standards than you will definitely find this is not the case
GLA
@Doc83 ; obviously we have to keep in mind the worst possible near term scenario, and not be taken in by people like Hamm saying typically ' it's a multi-bagger from here guys. It can only go one way. Jump in now - as these prices wont last much longer guys. ' Hamm seems to think that by uber ramping on here he can influence the share price.
For me, a possible worst case scenario would be the next RNS stating that the LP issuance is still a work in progress as unfortunately Matd has had to deal with the governor raising some formal objections which the local planning authorities are currently considering and addressing. Therefore it has been decided that whilst this is being sorted out it would be prudent for the company to raise capital through a raise at 2.8p per share. Whilst we much appreciate our LTHs and their loyalty, our funding will only last until mid July, therefore we are sure that our LTHs will fully understand and fully endorse this raise.
Professional ; that's a valid question. The answer is that I haven't just jumped in. I have done scalp trading on various indices quite a few times in the past. However, sclap trading Nasdaq small caps is a different thing, so I've been studying since the turn of the year and monitoring in real time live charts for quite a few weeks now. I will be making a start quite soon - but there's quite a lot to learn -different types of technical indicators, chart patterns, various factors which impact on low cap US stocks, stock scanning etc. I'm also looking at swing trading some US stocks using my SIPP, which currently has quite a bit of it tied up with Matd as a LTH.
I intend to sell off a chunk of Matd if we get a positive RNS at hopefully somewhere between 8 t 10p with a bit of luck, and then hold on with the rest to see what happens thereafter.
One book which I recently read suggested that with small cap mining stocks it's best to sell your initial investment if the price shoots up so that you are left only risking your profit. If I had used that principle over the last few years my Matd investment would currently be risk free apart from the profit that had been made. That makes sense to me. The book mentions that with small cap mining or biotech stocks there is a massive risk of share dilution, as it's hard for companies without assets to borrow.
Have no interest at in trading algorithms or MM does this or that - just focus on Investment, INTEL related to this and ROI I expect going forward as company move into PRODUCTION / REVENUE stage.
Only this really worth my attention & why I can stay focus on INVESTMENT.
As I say plenty time - please just wait for RNS and try to BUY then if it suits you to do this.
I think SP will start to move up anyway so expect Higher price even before RNS.
Everybody make OWN choice with OWN money! π¦
Thank you - just pick up my accumulation BUY 50k shares @3.78p!
Adding!
π¦
Roxy2020 ; I agree. I think that optimism can make people underestimate what the business environment is like in Mongolia. I mean is there any transparency as to why this governor is so set against Matd ? Not at all it would seem.
Many Western ex Soviet countries have managed to reform since the early 90s, but I get the impression that Mongolia has still not been able to shake off sclerotic Soviet type bureaucracy, and the corruption which tends to go with it.
Overall despite what I wrote I still feel fairly optimistic, and the share price is holding up reasonably well despite 6 weeks having elapsed since the last RNS. However, I am always on guard as regards the Mongolian business environment - historically something new has always come up to block Matd's path.
Investor clear and wise to learn before really dive in deep with trading. Good luck
Agree also with the book. I personally do it slightly different but same outcome . I trade myself in a free position and depending on risk/reward at the moment i do take a long position or wait for better moment ( risking to "miss" performance)
Here i wait as your worst case is my base case/best guess.
Lets see
Professional ;
"clear and wise to learn before really dive in deep with trading. Good luck "
Thanks for that.
Yes, let's see how it plays out. I take it that if there is a raise before the LP is done and dusted then you will be jumping in ? For my part I'm pretty optimistic, yet at the same time extremely wary of this governor and the lack of transparency in his motives.
Investor yes i would participate in the raise. Will also buy below 3. Short at 4.5 if no news..
I am consistent and my position very much depends on the SP
For me it is very strange to only be bullish (or bearish). Always more options and dependant on price.
Wos: 1 mio only? What all your inside information and conviction? Jesus i hope you indeed get paid for ramping here
Perhaps 1 m gbp in play from Mr WOS here... not 1m shares ? Mr Professional, Sir :-)
Question to ask MB is what time scale does he see when they start paying dividend?
I am confident dividends are many years away, if they happen at all. And asking the question right now, MB will simply say they have no intention at this stage of paying dividends and all available cash will go back into the business to grow it.
Tomorrow should be the meeting held with the dornod province, let's hope things move fast afterwards and we get ens on Monday, but possible if master digs up what was discussed and if matd has got land use agreement passed or signed off then buck will be made to RNS on Friday, if not then we have to wait for buck to get out bed when ever he likes and maybe some point next week we get to find out
Header say ALL β¬οΈ
Petro Matad planning START OF BLOCK XX DEVELOPMENT β‘οΈ Production / Revenue / Growth!
Stock has been VERY Oversold and Rebound of share price should be GOOD!
*Seperate - Cabinet discuss yesterday about (general) Herder situation with almost 10% livestock fatality this year - Herders have problems and Mata Sum ones will be happy with Cash compensation from Petro Matad
*Oil Refinery expect to be operational late 2026. For ones who say Mongolia "saving oil for refinery" (lol) - maybe ask why they will let big PSC revenue share go in meantime π
* Those who say "if no news by Friday" - look at HEADER TINEFRAME!
All pieces FITTING TOGETHER for Major Uptrend in Price Direction!
π¦
βmaybe some point next week we get to find outβ
More slippage from Cyberplonk! Itβs now maybe next week π€¦ββοΈ
Yup CyberWoose and Wos always have a new deadline..... this time Wos is ofcourse correct we will hear something before AGM but we just do not know if it is what we want to hear... elections SOON! Raise SOON?
Very confident the Full Operational Update will be just that - START OF OPERATIONS FOR BLOCK XX!
With Herder Agreement, Mata Sum Agreement (Plan A protected by Land Law), Protestor acceptance of Petro Matad win on this matter, 132 TONNES of Fuel given to ara Sum, Full support if MRPAM/MMHI, Planning already stated for Crew & Equipment organisation etc etc
Have no interst in petty posting by people like Mr Doc trying to get over on other poster - just FOCUS on INVESTMENT!
Buy or not no problem but I expect Full Operational Update for Block XX operation timeline WITHIN next 2 weeks!
π¦
Do we have any info from the meeting?? (I can't find snything)