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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?
2.65 / 28m
RNS operation update next week
Read here and think lot posting do not read about company & do not read about what happening
Think really mr MB going to put money to buy stock now. Do not say he has to or nothing to him
It is still hard cash $25K that he does not need to put in whatever person here say
I read poster say dqe partner deal news & clean energy JV
Also give time of Velocitrapror drill. Do not think small investor run to this with mouth open
I think lot if people not really understand what happening here. Just look at placing but not why
Not even very big placing & size not big thing here but news coming ;)
I buy this morning just above placing price same as MB so I am very happy owl now :)
CEO and existing investors all have participating in the placing, so this is surely adds whole lot value to the placing…would guess things are finally happening in the background..
MBs progress in the last 4 years
Award them selves shares
2 rounds of raise
1 xEl
Nothing else I can think of.
He is a slacker and needs to definitely go.
I think it's confirmation bias Badprofit?
What I heard was that they were: 'Comfortable ...... for now.'
You see and hear what you want to?
When I read an RNS for a company I invest in I go through and try to deliberately pick out the negatives and ambiguities or loose language and build a worst case scenario. On AIM that's usually what happens.
For me this is now a total duster. They won’t get this through to production. They’ll just milk the in accessible asset as long as they can til they fold and someone else will come in and sort it out.
Good luck guys
What a ******* in nob ed
If he screws up this year he needs to go 100%.
He has been lying to shareholders
Good luck for today guys. We are experiencing the same kind of thing on BEM right now. A fundraise at 2.06p, a whopping 46% discount to what was the current sp. My thoughts are with you, you know, in between my being utterly livid.
Best regards.
Wake up guys
wondering could there be something in the offing now that it is going help Zeus off load this over the weekend., Maybe an RNS on Monday morning or even later today. Just wondering. There are as i see it around 161.8m shares to get rid off not an inconsiderable sum and unless a big buyer is found then this price will surely go down.
I don't blame them for raising more cash if the company needs it BUT MB was blatantly LYING when he strongly asserted that they were fully funded through to Heron production & V1 drill. That lie has been repeated on here ad nauseam by the paid rampers & some deluded fools. This new raise may not even be enough so I wouldn't be surprised if there was another if/when the SP rises. Meanwhile the board continue to enjoy their salaries for doing SFA - laughing all the way to the bank.
Shot an Owl before?
Could you please top up for about 4 million then the sp will not drop?
*Objective, Unemotional Analysis & Why I Will Be Topping Up Hard*
Firstly lets get all the emotional stuff out of the way, as it's totally useless in making objective investment decisions.
People may not like the Placing price / the fact that there's a Placing at all / Mike Buck's apparent duplicity etc
Great, get if off your chests, sell out if you want & let's look at the investment and why the Placing was needed NOW.
- We all want the LP to be issued asap but timeframes aren't exact for that. I'm confident it WILL be issued and certain factors give me no concerns at all on that front. Others are free to their own concerns of course but for me its issuance if not specific timing, is a given.
The additional funding required now is obvious when reading into the details provided.
- The GoM is issuing 14 new licences that MATD will be looking at with the associated bidding / PSC costs.
Imporyantly, I don't think they would be doing that without DQE on board and looking at the relevant statement, the deal seems to be structured and awaiting the final agreement by DQE themselves (Dec 5th update). I think that's a given now with the rapid expansion land grab for licences.
- The new JV company setup with Woolfson would necessitate a capital inflow but at the same time, provide diversification & entry into a potentially massive energy sector. The economic viability for profitability would have been looked into by specialists in the space and beyond 'chat board experts'.
Velociraptor drilling which although technically a Wildcat is as MB stated "a wildcat with better than wildcat probability chance of success" - it's part of a known oil bearing formation.
We have the talk of MB misleading investors with talk of a comfortable cash position and all the rest. Well the hard reality is that the 3 month issuance period is more flexible than anyone would like and certainty in operations is key at this point, hence the fundraise to progress the other initiatives.
I'm really not bothered too much about the price. I expect any share price drop will be very transient & be heavily bought into.
We have the pre AGM update coming up outlining a highly aggressive & exciting growth strategy for the company as well as feeding into the official DQE deal, near term Velociraptor drill & eventually dare I say it the LP
How long do we really think the SP hangs around any depressed level from the fundraise from that perspective?
Personally I'm really pleased about the company strategy going forward and especially the cost mitigation & accelerated growth component that DQE would provide.
The actual funding itswlf is relatively limited from the context of growth opportunity provided and whether or not MB is a 'greedy so & so' or whatever else doesnt register on my radar.
I look at investments in a cold, non emotional way and will personally be taking the opportunity to stack my own holding of MATD stock as much as possible b
And Mike Buck, who pays himself 200k a year from placing shares, is effectively reinvesting 25k$ of this shareholder money...... Might have a look here in 3 weeks if I see good value, looking like Heron will be delayed for a long time if raising money now.
So dilution nearer to 15% on current MCap
So MB stating minimum of 4 millions another way of saying we are actually raising 6 million dollars .
So on overnight reflection . Share Dilution based on current market cap is less than 10% so not so bad.
Some positive operational updates included in last night's RNS . Mainly funding for velicraptor drill maybe going it alone which would be a bonus .
Maybe we won't see this going any where near 2.5 with retail offer very likely to be over subscribed