The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Update - I sold half my holding in March at 3.74 and bought Parkmead. Both have gone down in this period but Parkmead not so much. So I have sold 80% of my Parkmead and rebought my original MATD stake. So now I have both 1500 share in Parkmead for nothing and averaged down my MATD to 4.03 from 5.34. Now of course this is only any good if MATD takes off but if we just get producing in 2022 then that is a major step forward and we can look forward to the other stuff next year. Or not of course!
How will that change the China border being closed or the PSC negotiations and land access discussions the government are having?
It won't
Nice try though.
Well said Hamm. Time the old man stepped aside and we appoint a hungry and dynamic CEO who can get the job done .
Please tell me why MATD needs any partner then?
Why MB hasn't been in touch with locals to see how they can be helped from MATD development? So the locals feel get benefit too and therefore no LP issues! With the money MATD has couldn't they buy a drilling company? What MATD/MB have been doing in the last 3 years? One may think that all the paperwork should have dealt by now!
It is really wishful thinking that believe this year any oil extraction would be done.
Good luck to all of us. We really need lots of luck with this CEO!
Enjoy this beautiful sunny day guys,
Manro, you talk in riddles I talk in fact. I am invested because I know that the longer term view is that we will produce oil and I'm very comfortable with my investment in MATD. If you are not then there is a very easy exit for you sell up and move on. You don't seem to grasp this very basic process which just leads everyone to believe you are not being genuine with your posts and intentions.
I don't care about short term price changes as I am invested for the future not the month.
Good luck to you
Hamm, there is 8.2 mil dollars left in the bank, 2.2 mil spent from the last fund raise of 10.4 mil. GLA
Ostralia, once more on respond to your and others stupid advises to sell shares I want to say : there are investors ready for losses and stay in and sheeps agreed to be sheared for wool but scared to be slaughtered for barbecue must flee. This is the difference between investors being able to stand up for their principles and fight against crooks and sheeps trying to survive. People like you may not even presume that there may be investors with millions of shares that they already consider as a lost. But keep them in order not to lose the right to fight against crooks and outright criminals operating in the market. Did you or others understand the differences now? I am not sure, but as Hamm keep saying have a nice day.
'Petrovis would have sacked Mike Buck a long time ago if they thought he was underperforming.'
A very good observation !
I’m very happy to hold.
Petrovis would have sacked Mike Buck a long time ago if they thought he was underperforming.
We are just living in extraordinary times with unprecedented restrictions.
It will get better, eventually.
Have a good one.
With $5m wasted, they could have made a beautiful school/college + and a lovely hospital for the locals+ they could have given them jobs too! MATD could have bought the whole drilling company for himself! They didn't, did they? Now start barking at them. Doe me it doesn't matter the share price 3p or 4p! The fundamentals should be fixed. At the top of that MB should resign and go.
Guys,
//Why so much joy at posting such predictions if you are shareholders? Really odd to say the least!//
No joy - in fact a fair bit of sorrow. But I'm a realist & say what I think - not a fantasist who chooses to believe in the pot at end of the rainbow despite indications to the contrary.
Stop barking at the wrong tree. You should pointing at the one who killed the share price from 10p to 2.5p!
We aren't traders!
Adillathehun exactly.
It's actually hilarious that these guys keep talking down a share they "have a significant position in" no wonder they have so much time on their hands to post rubbish, their investment strategy is fundamentally flawed they buy shares then talk it down "knowing" it's going to 2p.
Well here's a question for Hamm and Manro Why not just sell up and buy back in at 2p. I know why, because your not invested and your not investors but silly little pests that make no sense and clearly haven't got 2 sticks to rub together.
It's laughable
I doubt he is the only one. Probably more money in deramping until news...
He was a paid poster. Fired.
Fair Analyst appears to have deleted his profile...
Why so much joy at posting such predictions if you are shareholders? Really odd to say the least!
Next placing would be 1p if lucky or or 1p for 10 shares!
But 2p is in card now.
AIMHO
As I said some time ago - Expect another cash raise before Xmas. (Got to keep the board in the manner to which I'd like to become accustomed!)
MATD has always had potential! But we need someone to materialize all the potential. I can tell you MB isn't upto it. He had 3 years! He just zooming and travelling spending nearly half the money he raised. He really needs to go. How months he negotiating! Sickening.
Enjoy the free fall guys sadly,
Sorry Manro - TLDR
Sorry Malcy not Malaysia. Auto correct.
Malaysia is talking rubbish. People don't realise that we have been in negotiations for more than 10 months.
Rig contract hasn't been signed . So how the hell can malcy say that credit goes put to management.
Thev achieved nothing since the money raise..
Another wasted year and MB is t blame for the failure to secure rig and local permit.
The land issue has been going on since 2019. Why couldn't he approach the main government body to solve it in 2019 and not just before the Drilling season..
Don , Exactly. ATB
Malcys blog:
Under the circumstances MATD is in remarkably good nick, the fact that the 2022 work programme is looking so positive and that Heron1 is going into production is a major credit to management.
These factors by themselves make the market cap of some £23m hardly flattering and with Heron under way and with more drilling I would expect that to be much higher by the end of the summer.
More patience I’m afraid…
GLA LTH