Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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I for one love positive posts. But they must have a basis.
Is LP. asa LP is granted the rest will follow.
When LP granted the share price will be double digit in no time.
It could be any time.
The fact is MATD has discovered OIL and lots of it. 200m BoO says it all.
Do the sum!
$$$$$
I'm certain the style of post is similar to that of someone who posted as 'TanGuru' or a name like that the last time there was a sense that things were getting more positive
No offence Sir, I feel confused and jarred after reading your posts. You should maybe read them back, to see if they flow and make sense before posting. Sir.
I'm thinking of buying shares in philiptan after I multibag from matd for a mega mega super dooper multibagger
On FB 2 of the female Eco Activists started blocking the Petro China transportation of oil yesterday. Sadly NOT both now been arrested, not knowing why they have been arrested but probably Google translate one says she has been tortured.
Hopefully it puts a stop to their activities.
Renewable is only good when the price of unit is charged at a decent rate.
Otherwise its a loss making investment.
Just a little something while we wait https://dblaw.mn/mongolia-digitalized-the-minerals-license-tendering-and-issuance-process/
A lot of very small sells and buys today but MM's have kept back about 20% of the sells and have done for about the last few days. either because they are waiting to be given the nod on filling a very big order or on the hope there will be one.
The share price will rocket up briefly and then settle back down to begin its steady climb up. Those with a few shares will jump off when they have doubled their money. Those who have been here forever will either de-risk or have themselves a good idea of the out price.
Final SP oh boy this could be anything. When LP arrives, when new blocks are announced, when deal with DQE announced, when Velociraptor drilled and especially if it hits then yes as Ham says you will not be looking at dollar signs but £ signs but that is a big if. So let's settle for what we do know or believe we know.
Sometime ago when the price of POO was $55 dollars a barrel and dollar exchange rate was $1.35 to £ this share was estimated on the barrelage we had as being 29p tp 42p (i think it was ) now POO $80 a barrel and exchange rate circa $1.20 to the pound. Plus MB reckons that recovery rate will be double what was expected. If you were literally to take the top end of all these prices together this share could reach almost £1 before velociraptor. Personally i do not believe it will as most people will have bailed out from here long before then keeping the price down.
As SP x Share cap = Market Value. So what is a fair market cap once all these announcements have been made and are in line with expectations (another big if). So let us just run through this 20p would be £180m 30p would be £270m and 40p £360m. There is something like a 60% up lift in the exchange rate and Price of Oil so at top end this could easily be over £60 at the bottom end over £45p. So Personally i think a market cap between 320m and 400m is not way out of the ball park ie something like 35p to 45p. When will it get there no idea but it is unlikely to be quickly this share will be like the night buses. Sometimes they stop at unexpected stops for longer time than anticipated. at other times they do not stop at the stops you would expect them to stop at. I think it will get to 25p a lot quicker than some think how quickly it will move from their to 35p will depend on various announcements and how and when they are timed. GLA
There might be a big bounce coming?
Don't worry, the price will be a good bit higher today after the market closes! Sometime in the next remaining hours, the jump will begin. ... enjoy
Found this if it helps https://www.tender.gov.mn/news/result/?year=2023&tenderCode=undefined&page=1&perpage=100&sortField=&sortOrder=&get=1
Well looks like the Eco woman has one less thing to moan about in Dornod province, apparently Petro China have paid their massive tax bill. Only the environmental side now.
Jimi, from your post yesterday ref link to MRPAM active tenders, where there were numerous listed - ie more than 10. Just checking now on the link now and there are NONE, therefore imo that tells me they have made their decision. Hopefully news very soon
I have to agree with Doc on this, I’ve nearly three million of these shares, but
To date I struggle to think of anything Petro matad have come through on since the oil discovery……bar an over generous placing to directors and major shareholders…….I try to remain optimistic this will be the year, but like most Aim it’s a gamble…….one thing is for sure I’ve seen so many 50p parties talked of over the years Range Resources and Red emperor spring to mind……although in fairness they never hit the black stuff and we have - same hype machine though.
Good luck all
Showing net sales of 22.7 USD million.
https://www.marketscreener.com/quote/stock/PETRO-MATAD-LIMITED-4008433/financials/
Doc what's your predictions
I'd be thinking a lot more, as they won't have the permit issue's, DQE may have a juicy proposal, snowball effect.
Guys, you're seriously putting the mockers on this!
20p for block 20
20p for block 5
40p is not unrealistic price
If raptor hits then 35/40p.
Double digit asa LP granted.
Relax and enjoy the climb guys,
30+ no problem. Consider it done.
And if raptor hits?
I predict
This week new blocks = 6/7P
Feb LP =9/12P
March Rig for block = 12/15P
APRIL Drilling =15/ 20P
BLOCK 20 workover =20/25p
Who knows, this is AIM stock and as we saw with last placing, corrupt as heck. These Things occur on AIM. We get land permit and could be good, but doubt I’ll be around at 30p as I hold 2.75m most at 3.1p, just over 90k worth.
Let’s hope this Land permit comes through asap, then steady rise until spring