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They must be down to the depth they had oil shows at Snow Leopard although the 'maps' at the presentation were not particularly good. There is little reason for a sudden rise unless the drill crew are phoning their friends with, 'toc, toc, toc...'
https://www.petromatadgroup.com/wp-content/uploads/2023/02/Corporate-Presentation-15_02_23-Petro-Matad.pdf
Wos any cabinet meetings next week?
7 week this week same as MMHI when they completed al paper work ready for submission to cabinet from my opinion reading the RNS's
Buys Vs sells are good plus share price holding up strong and climbing this could actually be a leak, getting excited a little as I was only counting on LP but if velociraptor comes in too f ING hell going to get more then I bargained for lol
Indeed. Let's face it ... it's a big gamble to make for most unless there has been a leak of some sort.
We'll know soon either way.
GLA
75k is peanuts to some but again normally at junctures when news is imminent it either falls by 15-20% or rises 15-20% due to leak of information,
People then get the feeling and RNs lands to confirm
Let's hope velociraptor has hit oil and people around buzzing and leaked it to there family or friends, most likely the tea lady at it again
Assuming that the "unknown" trade for £75k must be a buy then?
Made quite a lot too!
Overall up on Matad over the years.
Ultimately I'm in for the 'big one' and hope that this is it this time.
Heron Land Permit will come and I'll multi-bag.
It'd be nice to multi-bag by this time next week though whilst we're waiting.
Looks like that signal kicked this off. Rns Monday?
100% convinced that news of oil would leak out before we hear about it in an RNS. Same would apply to the LP. We have seen these rises before. We will find out soon enough as we must be close to the target zone. Boom or bust it’s squeaky bum time. GLA!
...by close would be great indicator imho... massive hidden buys will show later id say
That was a joke by the way... they were lamas !
I agree also.
MM’s manipulating the market to their advantage.
Have noticed over a long period of time - unless there is a positive RNS - the share price is forced down in the beginning of the week - and then on nearly every Friday, the price goes back up to enable the MM’s to make their weekly profits and targets.
Bit of a joke really.
It’s gotten so obvious now, that even my wife - who has absolutely zero interest in the shares market - has said to me, “it must be a Friday - prices are up”..!
She makes a valid point.
A local has spotted some Yaks covered in Oil ;-)
Couldn’t buy size yesterday at 3.5 because I tried…🙄
@Master82
Or maybe the support level established on 29/03/23 has just been bounced off... ? I mentioned this support level yesterday on here.
Technical analysis does matter to short term traders - and there must be a lot of them who have been doing very well in the last few years from MATD.
Really wish it was Master, but i tend to go with Investor33's explanation tbh. Makes sense MM's have been manipulating this share for years and more so of late with the total uncertainty of everyting
Must be a leak
' it made ' I meant - sorry.
Must do more proof reading given that there is no edit function on here....
Cat bounce
@Notpleb
What's happened is that as I pointed out yesterday, the price has hit and bounced off the support level which is dide back on 29.03/23. Unlike many on here, the short term traders and the MMs trading their own accounts are looking at the technical analysis.
If nothing has fundamentally changed since the last RNS then it's a short term trader's stock, and that includes the MMs. The MMs have accumulated at around the support level price having shaken out the weakholders, and will now be looking for FOMO to start setting in so that the next spike up can happen if nothing to do with the fundamentals radically changes, ie the company becoming finally a revenue earning business, or Velo hitting oil with the right kind of flow rate. Right now the MMs are deliberately stoking up supply and demand on a share with thin trading volume - hence the dramatic spikes followede by equally dramatic falls. All the people caught up in either FOMO or its opposite - ' fear of losses ' are pawns for the time being in this little game that they play....
Who knows but a massive uplift from current sp is assured
Do people think the oil news would leak? It seems MATD things have leaked in the past?
I'm more inclined to believe it will be double that Iamrich, perhaps 70p.
With Lp, trust will be restored in the Mongolian Government. GLA
LP plus oil shows in velociraptor 25-30p easy
….probably pop up later…Bucks tea lady been loading up on the quiet 🤫