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*£42k rather ..
Look like buys on ADVFN
On the Block V Exploration PSC area, local government approvals for land access have been secured. This area does not have the same history with the oil industry that Dornod Province has and as such, just as in previous years, thanks to its continued focus on positively engaging with local communities, Petro Matad has been able to secure all necessary permits to work on the land covering the highly prospective Raptor Trend and the Velociraptor prospect.
More than a few of them now and one for healers £50k
Be good to know if these are buys are sells?
I'm assuming buys as the SP is nudging up.
I think the confidence has been reduced if I’m honest
Buck needed a few bucks, offers decent reduction incentive to get cash in quick.. well over subscribed on all fronts.... releases news on LP in next week or two... we head into double digits as drilling date announced .... everyone's happy.
Sometimes you have to take a step back in order to move forward and that's exactly what happen here, pretty confident back past 5p in next week or two.
Is there any chance Velociraptor will face the same issues with a Land Permit as Heron? Thanks
As always it's down as "unknown" ....
Now starts the bounce back but today as Monday will see it bounce back up again, too cheap at this price for what's coming fill your boots !
So my question is ?
If you have full visibility over your business, your CFO understands actual against planned activities, your project manager understands what he has to deliver in the next three quarters, your CEO then based upon this senior leaderships feedback states to the capital markets and retail investors alike the business is fully funded.
What the F—k changed in 4 weeks ??
It’s a peanut project that a five year old could understand.
Not worth all the mither of the retail offer at 2.5 so just bought at 2.6 today. .1 won’t matter in 6 months time. Still lost £10k today tho so not happy
Yes, it's a risk, but if you believe assets are still there then fund raise will help unlock them. So my average now significantly lower.
Placing was oversubscribed. Retail offer may be too...but regardless the SP is attractive enough today for anyone wanting to buy in to do so. Given the placing result the retail offer doesn't really need to be successful from the company's perspective. It has already raised what it needed to.
Yes the land permit is taking too long to come through and yes MB said we were fully funded in December (we can infer from that what we will), but the facts today are the SP has dropped, the money is being used for Velociraptor, and there is a chance to now buy in (either open market or retail offer) before the likely (in my honest view) SP build up before drilling takes place. I would much rather invest with newsflow to follow, which is why I have bought more today, plus the risk of not being fully allocated if the retail offer is oversubscribed.
Just my take on it - and, perhaps, for these reasons, the SP today won't languish for long where it currently is. I may or will be wrong, but that's what sits logically with me.
Others welcome to their opinions, of course, and DYOR
Why do a placing? They have millions of barrels oil, go to the bank and ask for a loan..
No lets screw existing share holders again!
I buy above placing price because not all broker do bookbuild platform & no guarantee can get all share this way
Happy just to get all share at this price and now like Mr Buffet say be patient & ignore all crybaby on BB lol
They are little trader and not like me & mr Mike buck & mr Warren buffet
40 million already so won't take long to absorb.
Great time to add/accumulate.
Mr Bluechip I buy 558,046 at 11.02 sir
I do not lie & hope that help. I will see multi multi bag on this I am sure
Like I say OPPORTUNITY for us who can see this
Be hapoy sir :)
Rule 1 from billionaire investor & not poster on vast BB Mr Ripley
Money go from IMPATIENT to PATIENT
Read & learn sir ;)
Let us know how many you bought then ...
Now I can leave screen & go shopping with happiness :)
Buck has money & will deliver giant baby in uodate for us :)
I never give advise , but do read others ( to much at times ) as I have posted do not like gossip .
But occasionally see something that looks like wisdom , a poster put this on the VAST page yesterday I am sure he will not mind me sharing here .
I actual like helping others .
Rule no1 - Never get attached to a share when investing .
Always de-risk and don’t listen to others.
Always bank your profits
Always going to be pull back
Rule no 99 - people always sell on news
That's what I am thinking / hoping.
If they really thought that this was going nowhere then they wound't be involving any substantial amounts of their money.
GLA
RNS update next week I see
Time for Velocitrapror drill
DQE partnership
Wolfson JV
New license update
Everything ready to go before LP& then when LP come even much better
Think sp will really stay at placing price long ;)
Am glad I buy mine already :)
I though last nights RNS said $4 mill
How come it’s now $6 mill?
WiseOwlSpeak - How many did you buy?