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So just read the progressive report! https://docdro.id/YVOTsfh
Is the finalised contract with Dqe new news? I do t recall seeing the term finalised being used in previous RNS’s have they let the tongue slip?
That’s pretty key of so!
Welcome to my planet.
So, with 50% dilution we can half that target and think ourselves lucky to reach 13p ish........
Locals got a free water well .
@pepemartinez... i am a flexibel trader.
I am never in a stock to wait for end result. Just to make money and off to next opportunity.
I only have a small holding here. Bought 500k at 3.85 sold 50% at 6.2.
Traded more last days with the best trading day being today.
So now only 250k shares left. If we go up quickly i will sell. If we go down i can buy more. Lets see
Yes they robbed some punters around the 3p area, some sold 3.9/4p thinking they would take it back down again paying more probably to get their shares back.
Fundamentals are pretty solid here going forward but obviously it won’t go up in a straight line gla
If they say 26pthen its 26p by Friday
Thanks WOS, the progressive report is on my reading list for this evening.
Have a nice night all
No problem mr Doc. This us what good sharing of intel for & so we build up better & more complete picture of investment.
Mr Girdonbennet quote of DQE direct from Progressive Report 10/07/2023
New Block / Renewable from one of recent RNS.
Good night :)
My bad on the progressive report. Looks like an old one which is good news. So no excuses… I want to see 26p by Friday 😬
We need to focus solely on bringing revenue in from Block XX and put all the other speculative ideas on the back burner.
Shareholders deserve some steady growth in the SP and that can only come by realising an income stream. MB needs to come out and confirm that is his strategy and take control of the companies destiny.
Where is the snippet from WOS
Think price will start to push to anticipate DQE sign which we did expect to happen after Land Access.
Like they say all finalise & just need to be sign.
When DQE come in will really be ALL GO.
Also near term news on Renewable / New Block.
Now Velociraptor past we can look forward :)
I’d say velociraptor is now a distant memory for most, particularly after the massive rebound back to mid fours!
Had a great day today. dropping opening to under 2. pulling in half a million £ stop losses and selling them them all again. nice work, if you can get it!!!
"The company has FINALISED a contract (although not yet signed) with DQE Drilling, the main provider of drilling services in Mongolia, for a MULTI-WELL PROGRAMME that would see drilling of further development wells on the Heron Field AS WELL AS some exciting near field exploration targets"
All systems go toward multi well field development / revenue look like :)
Just remember any money that was earmarked for velociraptor can now be directed at Heron with a means to producing and bringing in revenue
Come on Doc83
You probably looking at old research note.
Re: Velociraptor
"Although this is disappointing, it was a high risk well and in our view is OUTWEIGHED by the positive news that Petro Matad can now start to plan the Heron development"
"Our RENAV is reduced from 57.7p/share to 26.7p/share. Although this is a major reduction, the certification BLOCK XX as Special Purpose Land should provide investors with MORE CONFIDENCE IN THE CORE VALUATION" (26.7p).
Also they mention DQE contract FINALISED but not signed. I expect this RNS very soon.
So core 26.7p have more confidence with analyst!
Mr Doc
What date is on the research note you read?
I just read Progressive note date 10/07/2023 and cannot see reference you make.
Did see on note 2021
This was for proffesional
You are selling all above 6p not leaving 50% of shares?
Being a producer of oil opens up a whole new ball game.
Cash raises no longer needed as oil production can be used as capital for loans etc etc.
Mike Buck at last fund raise also stated
‘ "This capital raise will allow Petro Matad to move ahead on three fronts in addition to the development of the Heron discovery where we are already fully funded to production start-up which is targeted for this year.’
So why is Peter Hitchens of Progressive calling it a potential pitfall?
Clearly, I hope there is no raise.
Couple of late trades just popped up. Looks like they’re sells. Now that they’re out of the way we may see some stability and movement upwards.