The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
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Although down again this morning I am expecting a rise later in the day like what happened yesterday as investors will stock up not to miss an RNS in the morning I expect this to happen each day until the news comes out
Going blue soon as the sell off didn't really materialise.... fence sitters getting in before tomorrows scramble... i definitely wouldn't want to be out over the weekend!!!
Mr PAYJJ do not think you are neutral observer LOL
Anyone who want to do research read RNS & presentation. Also
https://progressive-research.com/wp-content/uploads/data-sync/research/MATD%2020230302.pdf?utm_source=sendgrid.com&utm_medium=email&utm_campaign=website
Better then listen to neutral observer lol on BB
Be happy :)
Think lot think will do quickbtrade to get cheaper share. Think LOT wait to BUY back & now re-test at higher price from last time give VERY STRONG base for next hard breakout
One who hold is not sweating but Happy :)
Thank you for your reply Thornogson,
My point about this chat board (looking at it from an outside neutral perspective) is that many posters recommended this share everyday and "Ramp" with fictitious valuations.
If what your saying is correct, MATD is waiting for the Government to make a decision on whether special status should be granted.
IMO that is a 50/50 risk. Many investors will do their own research but some will read the sentiment on the BB and decide to invest.
All I'm saying is, if there is anyone here who is looking to invest and watching this share, just DYOR and don't invest because of the misleading positivity of this BB (although it is a nice change from the other BB I'm currently watching :) )
Good luck all
Re-test look very successful so far :)
Until after an Rns I think most have taken their positions.
BUYS above 6.0p now ;)
Trucking costs for Heron Oil are only $8/bbl.
(Source: PetroMatad presentation)
5% royalty costs
Oil price received will be Brent less c.8% discount
Huge profit margins.
Petrochina been trucking crude for past 20 years to their refinery.
Finish BLUE?
Sneaky ones sweating ;)
Happy to already hold without stress :)
More share but MUCH MUCH better prospect mr Horse
Re-test look like is higher then yetrday :)
if it was Chinese they get LP straight away with no time wasted making money.
Pointless quoting .37p different market cap as fewer shares around at that time. Multiple fund raises since then . Share price irrelevant all about market cap
Mr Curiouser you miss one important point sir.
Ministry of Mining and Heavy Industry now push this not just Mineral Resources and Petroleum Authority (MRPAM)
Look at first word MINISTRY
MRPAM deal with lot of thing but Ministry head direct by Mining Minister mr J Ganbataar. Yes same one who promise Petro Matad he will "sort LP out" & same Minustry who have prepare all documentation for signing by Cabinet
Clever one will understand what I say here ;)
Happy to hold without stress :)
Thornogson I do agree that the investment case strength currently lies in the Mongolian Government's desire to be seen as a credible place for foreigners to invest.
That's a fair point Curiouser.
The 'mood music' about changing the Mongolian approach to attract foreign investment and expertise comes from that same Government though and I think the points made about creating the appetite for future oil exploration and production to feed their new refinery all make perfect sense.
And we haven't been told that this vote has happened or that the recommendation has been declined. So it's still moving forward as this board has been saying for some time.
It's not just wishful thinking but based of firm information that's changed from previous years.
We've been told that it will happen and there's no real reason to suppose that it won't.
Bad prophet knows about anything but he doesn't know why he has been here when he has no investment?
He really needs mental help!
fully understand that PAYJJ.... but don't forget we were @37p a few short years ago and the future wasn't as bright for MATD compared to right now... 6p really is a bargain all things considered... of course timelines are a factor and can a dramatic effect on the SP.
//This is the first drilling season where the Mongolian Government have given assurances that the Land Permit will be granted.//
With due trspect that is not correct. MRPAM has recommended that the field be granted special status, but it is then up to The Mongoloan Government to accept or reject that recommendation.
Let me be clear. There are NO assurances.
LOL Think everyone know lot of this comment is people on BUY button who look to buy back in for next push.
Mr Sneaky Doc up to same trick & lot if other look for more share after they sell.
Wat h for bounce when re-test happen. Will be hard & lot will still have pant down at time ;)
Be happy but with pants up :)
//if we can still keep getting funds from some source or other to run the company//
IF the SP ever hits double figures I think there will be a substantial fund raise - dilution & decline of SP. MB's wildcatting will need more than he presently has.
I'm not sure that's fair Payjj.
This is the first drilling season where the Mongolian Government have given assurances that the Land Permit will be granted.
They spent some time trying to achieve this through the pre-existing legislation and legal jurisdictions without success so have changed the law to allow them to have the final say at Central Government level should that be necessary.
They now have what they need to grant the Land Permit.
Rightly or wrongly I'm assuming that they still wish this to be achieved amicably with local consent if possible which I'm sure would be Petro Matad's wish too.
If it doesn't happen this way then it'll happen by dictat in due course to allow Heron to come on line this year.
That's my belief and why I invested.
//I thought Mongolian people are like the Chinese and do things fast...//
What on earth made you think that? A Mongolian official assured Mr Buck that the LP issue would be put before cabinet within 1-3 months back in October and here we are nearly in May.
I suspect they don't want to upset the locals by being seen to sell their national wealth on the cheap to foreigners and they'd be far happier if the oil goes straight to refinery, which will directly benefit Mongolians.
I guess this is why the company had to fund raise to get velociraptor up and running, i.e. in order get an income stream from somewhere as, worse case scenario, there may be no LP until the oil refinery is ready... abd whether Petro Matad will still own the XX field then will depend on if we can still keep getting funds from some source or other to run the company
Hi all, I've been watching this one for quite a while and I've missed the boat on the 4-5p buy in unfortunately...
I'm weary because this chat board only "likes" positive unrealistic opinions (they get the most likes) and doesn't like realistic (based on fact) statements/questions.
I will continue to watch this but just be aware, half of you are buying this and getting excited just because someone in the chat says
"Be ready guys, 20p on the next few days"
It's called ramping...look after your investments and DYOR
Other than that I'm looking forward to see if this share has any legs and I might grab a few shares if it goes up ( RNS only, not sentiment from LTHs)
Morny morn :)
don't mind waiting but i hope it doe not take as long at Heathrow extra runway planning permission