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I have not posted for a few days as this forum has nosedived into hysteria of late. I share everyones frustrations that the black stuff is still in the ground. From the interview last weeks I was relieved that the Matd board were putting pressure on Mike 'snail' Buck getting Heron 1 online and Heron 2 and 3 drilled and into production by Q4 before wild catting the raptors which I think rightly should be our goal next year with 8 - 10 months of oil income in our warchest. I am very confident we will get Heron 1 workover, fracked and producing this summer.
Mike must be aware the market are fed up with his leadership. It is time he stood up to be counted. Get the licence sorted to transport the oil when we start drilling, complete the talks with petro china new CEO and DQE and inform the market.
It has been a very dissapointing end of Q1 from Mike, make sure he makes Q2 count
Well done those buying at these low prices
I wish MATD start production soon and then you manage to get your fancy Bentley Bentayga.
Best,
Hamm
Hamm,
I have a number of positions with a variety of equities, some are long term, most with companies that have a record of producing regular and stable dividends, others are more on the value side and then there are a number in which I hold some interesting quantities that are somewhat akin to trips to the casino or the racetrack, potential winners, but just as likely to be losers.
Matad is one of those, it's a bet with money that whilst I wouldn't be ecstatic in losing, would not be a problem. I'm also in Hurricane as an LTH, like Matad, I bought in fairly high and topped up whenever the price dropped. Matad is currently losing me about 16%, Hurricane on the other hand, at today's price, gives me a 130% profit. I hope that Matad will eventually do the same. If it does get to that percentage and with my holdings I'll be able to buy that Bentley Bentayga I fancy (second hand of course)
Why i think this share will re rate upwards ( on good news from an RNS) is perfectly illustrated by this BB. there are those of who have bought and believe in this company to deliver on its promises and i am one of those and at the moment see nothing to make me doubt it. (Just hope i am right). then there are others on here who are basically trading their way through the dips and peaks and then there are those who look at life through a glass half empty they are here because they have always been here and probably not worth their while bailing out but realise that if the company gets it right there is a big upside. I also happen to think that there are a number of people outside watching this share with great interest and keeping their tinder dry. They are waiting the RNS almost as much as we are. They will be prepared to pay quite a bit more than the current price but be sure the company and we are right tracks before putting their money forward. Remember by the time we remove Petrovis and the BoD from the equation there are only something like 625m shares to go around and even a some of those are in fairly sticky hands. So a good RNS sees these people look to buy in they sweep up the low lieing fruit very quickly and then they will come after the other fruit. Everyone has a price and the share will rise up to meet that price. It will not take many people / institutions who think the fundamentals look good to come on this share because its value at the moment is so low against its potential that it has to re rate quickly. The other reason the share is so low is that few people trust what happens in Mongolia they probably do not even know where it is but they will do very shortly. China have been warned about backing Russia how far that threat goes i do not know but i would respectively suggest to China that rather than look to Russia for its oil it starts picking up the low fruit from next door in Mongolia.
Don't rush, this might easily drop under 3p if not lower!
Wow 10yrs Iv been in Alba for 4yrs and I thought I was a LTH,
You must be holding a similar amount by now ? With a juicy avg…
Been watching this for a while now looking to take a position Soon
GLA
Hi everyone. I am a LTH of over 10 years and I look at this BB for comic relief when I read most of the posts. There are a few posters who make really good comments, intelligent insightful even. But some are completely wacky and a posted to take a rise out of people.
Lots of people comment on Mike Buck in a spiteful manner. This guy is just doing his job. Dealing with a Government is not like popping down the pub and having a chat with the boys. It takes patience and excellent communication skills. Yes we all want him to succeed it will make us all rich. Mike Buck as approximately 9 million shares. He wants to get oil out of the ground so that he can enjoy his retirement and confirm his legacy.
So, let him get on with leading his Company into becoming the main oil producer in Mongolia. And, if you read between the lines he wants to find even more oil, which will make us even richer, just by sitting in our chairs.
As someone wrote previously, in 12 weeks we'll be producing oil.
Good luck to all LTH's
10p
News of the Rio Tinto buyout offer of Turquoise Hill (the controlling company of the Oyu Tolgoi project) left me wondering if we could see the same happening at PM with an offer from Petrovis.
What price would you as, a minority shareholder, feel comfortable to accept based on:
a) Current conditions
b) Rig contract signed and everything in place for Heron 1 production
If you think Petrovis are reading these boards you can adjust your price accordingly!
Gkahn………sounds like you are another punter here with their head stuck in the sand…..you are not prepared to listen to any potential bad news. You should just waste your money down the bookies if that is the case…… a 20-1 EW on Red Rum.
Are you leaving us GK ?
Iamrich says £1 by Q2 (doesn't say what year though). If they are so confident they can buy my holding now for 10p per share!
Hamm, Manro, badprophet, aspers & Horsers
Goodbye
Aspers: So now it looks like you are arguing with the market - I don't make the prices. Good luck with that.
I'm trying hard Hamm: Maybe you could also make an effort of doing likewise.
Have a great evening and enjoy your sleep.
Ojay, please stop being grumpy and attacking people. Please have constructive discussions if you may.
Have a lovely amazing night guys.
Truth? Mastermind82: You wouldn't know truth if it hit you in the face!
What is it that you're trying to achieve here? Do you know at all? Or is it that irresistable longing to come up with negatives wherever you find them just to annoy? Hope someone locks you up again and soon.
all that being said it's painful to see sells at 3.2 :D who would have thought two weeks ago.... but that's not just MATD, market is a proper casino lately
it's true that everything is moving slower than people would hope for (myself included), but also:
1. It is only March, MATD has secured rigs in April in the 2019 drilling campaign
2. MATD has done two successful drilling campaigns in 2018 and 2019
3. We do not need rig for Heron 1 and it's a straight forward well completion operation, Heron 2/3 will most likely be pushed to late Q3 imo
4. Petrochina has recently changed their President for Mongolian's operations (as per latest interview) so hopefully we will get the specific agreement next update
5.potential agreement with DQE that could see more wells this year with later payment, DQE is clearly interested so I see this deal happening
so I think you are all moaning too early.... let's see where we are in May
£1 by second quarter I reckon, woohoo strong buy
Ojay……..so how many got sucked in at 38p then? And if it was such a good deal at 38p why are we 10 times lower now? Do us a favour, just go down the bookies and waste your money on an each way bet at Cheltenham this week.
Why bail out.
Does truth on this board irritate some people.
Why bail out at a loss.
Just reminding those who were shouting 10p and 50p by 2nd quarter.
People are still ramping this when the Market has shown the clear value of this share.
master82: Agree. I suggest you bail out.
It's been 9 months since the raise. Nothing has changed.
No signed deal with PC about using their facilities
No permit to drill the other wells
No rig confirmation
No JV partners signed up.
I can't see all of a sudden things changing.
MATD management has become comfortable with the Mongolian take it easy slug pace movement in everything they do.
FA . If you are so confident of the SP rising over the coming weeks/months why do you need to post on the hour every hour why aren't you sat comfortable knowing all will be good. How about you take a week or so off the board . I will do the same and see what happens . We've heard thoughts time and time again. See you at the end of April . Deal?