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Next operational update, professional is in prison for false manipulation of the stock false IP address claims
So today the bar/candle was a bullish one - it looks like we may be re testing the strong resistance level of 4.5p very soon. Volume today was low - just 2.25m ( vs 18.5m on the day of the last RNS release ) shares changing hands.
If we do get a spike on the next RNS, then the key resistance levels might be 7p, 9.3p and 10p. If it were to punch through 10p, then the next resistance levels are 13.5p and then 14.7p. Bear in mind that at those levels there may be weakholders who are trapped ( they bought at the top of a spike) and may sell once it hits those resistance levels, just glad to get their money back.
My guess is that if it is a positive one then it will spike to around 10p on the day of the release, and then retrace to something like 6 to 7p soon afterwards before resuming upwards more slowly.
No sorry thornogson I didn't mean 12 months.
I was pointing out that within days of RNS landing and some here expecting triple returns.
I just don't see that happening although I would add a RNS would shift the sp north and would be gain momentum on further good news.
Is it sir?
Maybe you should focus on your IP addresses? 😏
Goodbye! 🦉
Thornogson - you've just expertly laid out why this isn't "just" a signature we're waiting on that might take two minutes, contrary to what many might want us to believe. After reading your post, I might have to reassess my June/July expectations!!!
I do still maintain that if we are still mired in Mongolian bureaucracy and they haven't managed to get pen to paper by the AGM, the SP will react quite negatively.
Mr Doc - "am I all in?"
I have 7 figure holding - for Mr (un) Professional benefit (whuch i do not even bother to correct him) thus is anything from 1,000,000 - 9,999,999 shares.
I did BUY more over last few days but this us my own business of course so only mention in passing.
Also anyone who try to check Supply / Demand during day will see MM ready to take 1M share in single go - I did not bother to post this but just check again and same.
All day they happy to take 1M in single go!
Think one who want to wait for RNS - WAIT!
No one forcing anyone - i hope some who post here are doing this and not holding.
Have good weekend all - day closer to Header RNS! 🦉
Read the RNS?
". A land use agreement is now being prepared which, once signed, will allow 2024 operations to go ahead commencing with completion operations on the Heron 1 well."
Land access was agreed but the land use agreement needs to be prepared ie drafted, circulated, amended as necessary, re-circulated for approval then minuted as an item at the next Council meeting for formal/legal sign off?
Might happen by the AGM but if not I'm sure there'll be news of how it's progressing and upcoming plans for the Heron field.
Cyber - given that it is as simple as a signature that is needed, this must have happened after 6 weeks? WOS is saying MB wouldn't RNS this (I think he should, or at least do a Proactive interview, given that signatures and the like are what have held us up for so many years), but will instead announce it as part of the operational update on AGM day in a couple of weeks.
So knowing all that, are you all in on MATD?
Thornogson that is correct
If CyberWoose wos and hamm really believed the stupid things they posted i would not have a problem with them. But to correct myself i do think CyberWoose really is that stupid so i should be more forgiving. Sorry CyberWoose
Land access for operations approved!
Once land use agreement is signed will allow 202 operations to go ahead,
Nothing more then this simple,
Land use agreement will be legal contract so need time, site visit maybe needed, other ministry's may need to have their say in what's included, so 6 weeks up we are closer
I'm not sure there have been more sales. The midday ish £20k trade followed almost immediately by a £19.95k trade is blatantly a switch into an ISA. However, LSE simply shows trades that were nearer the bid than offer as sells.
Oh look Prof, now that's what I call a balanced post!
You said something about not being as stupid as they looked?
Not sure why people have to jump so high to so many assumptions and theories, it is as basic as what the last RNS states I repost once again,
· The Company has had its application for land access for 2024 operations approved by the Matad District Committee. A land use agreement is now being prepared which, once signed, will allow 2024 operations to go ahead commencing with completion operations on the Heron 1 well.
Doc imagine waiting years for a return.. add in some of the believers only have a million shares...then a double is nice but not at all life changing...
Now add in fact chances of this happening below 50% as you say and it is just zzzzzz
It will be interesting how the last twenty minutes of trading will bring.More sales today than buys but price is holding well as most people know that when the news breaks it will be very good for lth's
You do talk utter conkers, Roxy! In recent days: "Rise now imminent. No question about that
Folks you are looking at 8p plus here."
"If the RNS is on its way tomorrow or Wednesday consider this at 8p as a minimum"
Today: "Operational update soon or not this is not an investment that will change fortunes overnight... The simple facts are that many have jumped here in the belief that a few quid can be made quickly and that an RNS will open the treasure trove."
I'm sure many would consider a 100% rise to be making a few quid quickly?
Roxy very good and balanced post.
I have nothing against Matd or people investing with a positive view on it as long as it reasonable like yours.
I just dislike rampers like Wos hamm CyberWoose that want to trick people for their trading profit. Because unfortunately they are not as stupid as they sound.
If 'quickly' means 6 to 12 months then I'd have to disagree Roxy.
12 months time.
Heron wells flowing and filling Petro Matad's coffers nicely.
Further Heron wells/field development planned and paid for out of income for 2025.
New blocks assigned and being worked up/seismics for frontier exploration, other drills nearer to home already identified and partially de-risked etc.
Details of SunSteppe renewable plans etc.
Lots of news, lots of developments, lots of RNSs.
Care to put a Market Cap/Share Price on that? Minimal if any further raises/dilution required from here on in.
Operational update soon or not this is not an investment that will change fortunes overnight.
But one which will gain momentum with more income as and when generated. The simple facts are that many have jumped here in the belief that a few quid can be made quickly and that an RNS will open the treasure trove.
That is something that Defo is NOT going to happen.
The sp will be in a much better shape than it is now but we are really looking at a long term investment.
GLA
Confusion amongst everyone here now, although land access approved for go ahead with operations we still don't have the permit In hand that will be upon land use agreement contract signed by both parties,
So we have approval
But not permit until we sign the land use agreement,
Land use is very important in current Mongolian climate where PC has caused so many problems
Thanks, WOS. I don't need to add to my millions of shares in MATD.
I would like the suggested news offered in the last RNS by MB and also supported by your leak from the British Ambassador that the drilling would happen at the start of the season. Nowish! Not before the end of the season!
That's all.
No problem make choice to wait for RNS before Buying 👍
🦉
"If you think Matd can proceed regardless, then I would like for MB to state that. But he hasn't."
And that's the nub of it, right there. MB and MATD RNS's are always unclear/open to interpretation, as has been mentioned by several of the sensible/balanced posters on here.
Thanks WOS.
I do disagree. It is like the new locks that are being awarded to Matd. This has been confirmed but will not be actioned until the autumn, after the elections when they can sort the necessary paperwork out.
This is also how I read the situation for the permit to start drilling, but hopefully this will come before the election.
I think 10:17 post explain this.
🦉