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I have £40k in this rubbish, I am losing about £17k placing will be 1.5p, unfortunately we have a muppet in charge of MATD, you lot should leave of Wiseowl, I bypass comments by wiseowl has its spam and meaningless trout,I stick by the board should SACK Mike Buck who’s obviously pathetic the way he has run Matd in last 4wasted years
MATD has enough fund till July. No placing expected.
Enough time to do a 2 week workover to start having income.
At the moment the weather is too cold -30 or so to do any activity.
The sentiment will change fast when Lp sorted.
The share price is nothing to do with WOS.
There are rampers/derampers. You can be positive or negative.
Potential is still massive, but we need solid news.
I have decided to bail out of this share with a 50% LOSS. Good luck to all those who remain invested.
The lack of news doesn’t bode well, although we should be used to that by now. Just get a feeling that this is rapidly becoming a one trick pony that is going to run out of cash before producing a drop of oil
Fair enough mate, I hope you will make the money back elsewhere. I believe we will be in production this year, but anything is possible. Let’s see the next RNS that should drop any day now
Thanks coldjoe, was lucky enough to buy into RR at 77p.. Helps take the sting out of MATD
Hope that your are correct and those who remain invested see it come good
Thank you mate, I do hope so too. Well done on RR!
Let's hope for Rns on Monday permit received and 200% rise 😂,
The only problem here is the finance ministry transferring money either done by now or is about to be completed,
Well there might be some other issues we don’t know about or it could be almost done. It did seem pretty straightforward in the last RNS though. Not sure about 200% but I would expect 4p on the RNS and then move past 5p as we get close to first oil. Assuming we get positive news…
Lol cold Joe you trading, be carfull once your in some may take your advice and this may never move up lol, shooting yourself in the foot
Bet you top dollar MB reads this BB, and with so many people being nasty and ignorant on how things are being dealt with, MB most likely making them sweat longer and not putting out updates that may reassure people or even updates to certain things completed, even if the RNS is couple of weeks away he would rather some of these idiots sell out as it's no skin not his nose and the share price will naturally correct itself
My feeling too is that Mike Buck does look into this BB regularly Cybertron .. out of boredom, in part :-)
And I'd very much like to hear his answer to Lagueule's post of 15.05 yesterday.
An excellent post imho - I play small cap O&G widely, and that post is indeed 'real world' imho.. indeed a good summary re why I'm unable to bring myself to have even a half decent bet in play here .. and why I look in here mostly for the entertainment value.
I paste that post again here/ now for convenience:
''I love the way the likes of WOS seem to think that developing a field to levels of production like 7000-9000bopd is just a walk in the park. get the kit there day one, push the pipe into the reservoir day two, suck it up into the tanker and off to market day three. Even with a fair wind with the LP, I'll be more than impressed if there selling much oil for the rest of this year. Heron is currently literally a capped hole in an untested field in the middle of nowhere. There is a lot to get done and a stack of money to be spent - hopefully most by a putative JVP, but certainly not all - before any decent money can be made. And that's not even allowing for downtime due to problems with flow, pressure, fracking etc. And, apparently, the company will all the while be going after oil in unexplored areas with wildcat drills. With a current balance at a few million quid. Come on WOS, get into the real world. This company has eight to nine months to turn it around and it will need cash. Lots of it.''