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Hamm: "You can sell millions but can't buy says it all."
You know that is absolute nonsense.
Patience and perseverance is the key here now.
Anyone who thinks this is going South is probably considering the value in this one short term.
This will shoot up at the blink os an eye as before.
Too early to write this off as soon are doing.
Downorup you spout sh I t e you trade without l2 and wait for lse 15 min delayed trades couldn’t make it up proper spat my coffee out 😂
My live data is staying put at 5
If selling is steady at 5 they most be confident to put buy higher 🔥🚀
Lot of selling going on, you need to wait 15 minutes for it to show, think its on its way back to 4p
You can sell millions but can't buy says it all.
Don't be fooled to sell. Hold to your shares.
RNSs rolling soon. I reckon Friday.
Staying on these boards day in day out isn't good for your mental health.
Probably best stay away until the next bit of news drops. Anything in between is just playground noise.
A few Green boxes this morning and it’s obvious they want in hopefully they leave it too late.
I’m very chilled here and the future is very bright now the lp news is in the bag.
Ps by god they are desperate this morning 😂
The Trolls are out this morning, desperate to get in 🚀🚀🚀🚀🚀
I think SP not going to move much up for a while now until something happens.
USA rally kicking off now CPI has drop. short gain in us before moving back here
Ok if we have it what are we waiting for
"The Cabinet approved the certification and also instructed officials to conclude the follow up formalities required under the Land Law. The Company will now work with the central Land Agency and local authorities to complete the registration of the area and to sign the necessary contracts required by the regulations on the management of special purpose land. "
Yes read the RNS
The fact is we still don't have that elusive piece of paper . So firm plans can still not be made and we remain in limbo . Looking like sub 5p is on its way
Have we got the licence are not
//Feels like we are no nearer to getting that elusive LP with struggles and reliance on officials at a local level . //
WOS says the locals have been ORDERED to complete the FORMALITIES. I don't think the actual wording was as strong as that.
Takes 2 opinions to create a market. Betcha imo is correct sometimes you have to take stock and consider, not get swept up in euphoria and end up over committing financially. How are those thinking now predicting sp at even 10 -15p? As Grogers says, most traders probably gone, so little new money or demand for shares show in sp and may drop further until some positive news is released. It will come good, just needs patience. I also still have a cheeky set buy for 3.6 😜
Can't help feeling the LP RNs was issued just to prevent an out and out price crash
Feels like we are no nearer to getting that elusive LP with struggles and reliance on officials at a local level . Who will no doubt stall and be as difficult as they possibly can .
This just continues to drag hence the uninspiring current SP
Russia been selling oil cheap to India etc to maintain a cashflow, so oil to china discounted not so far fetched.
So to clarify, at $80/barrel we get 60% of that… absolutely no other costs whatsoever?
I wonder if we would get the marker rate, though? I have no idea as I’m a “fool” but is it convention that customers have to pay whatever Brent/WTI is trading at on markets? Or could china/MG demand discounts? It’s obviously quite important to MATD because as your numbers show, at $50/barrel we’re back to 45%.
It’s worth noting that this conversation started from your misleading post:
“600 bopd @ $70 / barrel $15.3m annual revenue from one well.
Trucking cost to PC process facility only $8/barrel for onward export to HoHut oil refinery across the Chinese border. ”
That made it seem like we’d get the value of the barrel minus only the $8 trucking cost. Which is not correct.
For full disclosure's sake I traded this share and sold out weeks ago on the spike up to 6.8
Just popped onto the board to see how things were going and see that WOS is still banging the same drum just has hard with Badprophet still playing the negatively biased devil’s advocate.
Got a little time to spare this morning so thought I would throw my unsolicited two pennies worth into the chat.
For the SP to continue to raise from here it’s going to need new money from new buyers, however, the traders that normally help to push the SP up have already taken their profits from Matad for this year and moved on, it’s doubtful they will be back.
Long term holders here are most likely already topped up and maxed out. That leaves a smaller proportion of potential investors left who like a little risk, however, having seen the SP not react that well to the long awaited land use permit news will they think there are better opportunities elsewhere.
As always with Petro Matad the potential is huge if everything were to go to plan but there is always the risk of further delays to permits and drills plus cash raises which holds it back.
Definitely been a great share to trade for the last several years, would be nice if this was the year it all came good for you long term guys. You deserve it.
IMHO/DYOR
Bad prophet isn't a proper deramper in my book. He just likes responding to rampers by taking the p!ss when they make up or exaggerate stuff. Why get bothered?
Either laugh at or ignore him. If it makes you doubt what rampers are spouting then that's good as it makes you think about your investment
MisterP - why the aggression and need for the fool comment? We’re all here to help others or gain and understanding. No need for it.
The market (atm) doesn't appear to appreciate PM's wonderful future?
gary it's the posters like bp who i would rather not see on this board, brings absolutely nothing to this board whatsoever. all he does is criticise and every post is negative. i would rather have someone post positive stuff and potential to counteract the obvious deramping of a paid deramper like bp. i think the majority on here would mostly feel the same as ask yourself why does bp who personally states is not invested in pm and only posts on here to wind people up. at the end of the day i would rather someone promote the share i'm in than continually **** it off, but hey that's my opinion.