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May/July 2021 intraday above 9p ;)
//I ignore Bad Prophet??
No you don't - you keep replying to me! If you were truly ignoring me you would filter me?
I ignore Bad Prophet be ause do not really think he u derstand investment or game playing with people on BB does take away logical thinking. Also very sad but not my life & I am not one who have to live with person with this weakness.
About MM manipulation do not have answer but again have to agree more with mr Doc.
Maybe MM have big BUY order & will hit stop loss to fill. Can see this.
Buy sell in big way for own acct & especially when do much newsflow canntrip them. Think this does not really sound like I believe this.
Whatbi believe us my research & investment timeframe for any short term reaction to correct to longer term value.
Think most IMPORTANT thing I read today by Mr P in post 12:16
"Expect next move here upwards Keep Heron and Velociraptor-1 seperate"
This is how I look at investment & multiple upside ROI on Heron / Block XX extension development :)
Not according to the charts on here - May 17 8.5p was the peak in 2021. DYOR
Mr Bad Prophet very bad research (as usual).
MATD did hit 9p in July 2021 ;)
//Hamm BP sold at 3p he bought at 9p then more at 7p then sold up coz he got impatient//
PMSL. You couldn't be more wrong if you tried & I know you try hard!
(PS.- PM was last as high as 9p 5 years ago - almost before I was born!)
MP, two weeks work over, but when will the two weeks starts?
I am with Doc83 on the news and fundamentals part. AIM is news driven and we heading into busy News flow from here onwards on different fronts. Higher volumes brings in greater momentum which gives you the biggest gains. We got both and plenty and more to come. We could see a similar price run up in coming days / weeks like we saw back in 2017.
Agree with investor33 on MMs manipulation part and stop losses shenanigans they play. That is why i never put any Stop Losses. MMs play the stop losses game mainly during news vaccuum periods creating falls and spooking a few and it catches on etc.
MATD has plenty Liquidity and lot of News flow ahead of us. Moves fast in both directions as we witnessed back in Jan/Feb 2017 run. Two steps forward and one step back and you get your Upwards re-rate. I look at weekly performance not daily movements.
Expect next move here upwards. Keep Heron and Velociraptor-1 separate.
There is a separate Valuation for each.
Investor33 - which part of my post to you was rude, other than saying the arrogance of it beggars belief?
This from you was incredibly condescending and made you seem very pompous:
“Well that's because ***like many on here you have this rather naive notion of a share price that is purely news and fundamentals driven***. It isn't - and you need to understand what the mms get up to.”
All because I said the Friday price movement had ne a bit stumped. By your logic, surely the MMs would want to let the stock go potty, bring in uneducated investors having a punt etc.
Anyway, enjoying last day by the pool in 37 degree heat. If you didn’t mean to come across in such a way then I apologise. Let’s see this SP improve next week regardless of what games might be getting played.
Renewables Energy investment picking up.
Sinopec to invest $2.35 Billion to build Hydrogen plant and 400km line to transport Hydrogen fuel from Inner Mongolia to China.
China getting active in Mongolia also.
We should also get an update on Renewables front from our JV partner Sun-steppe.
WOS. Excellent summary and recap.
Company focus right now is to fast track Heron-1 two week workover and start producing Oil while V1 drills ahead with V2 as follow up Appraisal.
Try harder to scare shareholders to sell. Saying that you are worried about guys losing money says it all. Why do you so much care? What you are saying is absolutely rubbish. It is illegal and not practical. You need an army of guys sitting there and buy and sell stocks and manipulate it. Either you are genuinely mad or trying to trade by scaring the holders. MATD is a gem now after securing LP. Now try harder again.
@Doc83
Wow - what I wrote clearly threatened your worldview to such an extent that you resorted to rude comments directed at someone you don't know and have never met. You are free to believe what you want to believe, but cut out the personal comments please.
Anyway, can you explain how that recent spike to 7.3p and equally dramatic fall to a support level of 3.4p happened ? Nothing changed in terms of the fundamentals, yet in the space of just 3 weeks the company was suddenly valued about 40% lower than at the peak of the spike. And all this on low volumes.
And maybe you can explain why Jet2 had 11% knocked off its value in a day after it announced profits of nearly £400m versus previous losses of about £340m ? Yes, the founder announced that he was stepping down, however it's a good example of ' news ' being used for blatant manipulation of the share price. I wonder how many stops were triggered on that day ?
This is what someone wrote on another board ;
" This is normal for the UK markets - one of the reasons why companies are fleeing listings here. International MM firms love the UK, because they can fleece the local investors. FCA doesn't give a hoot."
@Vikingglass
Thanks for that.
Well my current approach is to top slice on what looks like another short term spike. So on that last spike to 7.3p I sold about a third of my shares. I have plenty of confidence in sound long term fundamentals of MATD, however I am also aware that there will be lots of dramatic spikes and then equally dramatic falls in the price action along the way. Top slicing reduces this stress to some extent.
I think too that people need to be careful of where they place their stops. On that mini spike to 7.3p the price then rapidly fell back to a previous support level of about 3.4p which was established back in April. The MMs can see where the stops are placed, so it's best to bear this in mind. They are also trading their own accounts, and they will be looking closely at charts for support and resistance levels etc - basic technical analysis comes into it too.
Hope you are right re V1. I’m going to remain balanced on what way it can go. Naturally if it’s a gusher fantastic! However I’ve learnt by now thy no two cases are t he same and that because there has been no news doesn’t mean good news. Some companies eg Prd choose to release immediate findings mid drill whether good or bad, others remain quiet.
With news now imminent I’ll be hoping for the best out come and further news on heron! Fingers and toes crossed
@finallyretired
Actually the mms trade their own accounts as well. They are far from being the neutrals that you seem to think they are.
And, crucially, they can see clearly where all the stops are placed. That's like a red rag to a bull.
@Dozzawba
Thank for your comment. I just don't want to see people losing out badly and being being driven to the point of despair when the price action is being so heavily manipulated. There were lots of comments on Friday along the lines of ' what the hell is going on ? '
To take a pop at the raptor trend knowing that there's the potential 200mmbo in V1 and If successful opens up the potential for the other raptors with potentially another 600mil + barrels as it appears to be a working proven petroleum system so even with good oil show's at V1 let's us move on to the spudding of V2 which would be an appraisal follow up drill plus the license runs out June 2024 so gives us plenty of time to apply for the exploitation licence which shouldn't take as long this time as the template has already been set. For H1 now the LP issue is finally sorted out we just need a 2 week workover which I would have thought once the DQE contracts are finalized and everything is in order with PC to use their facilities
work can begin quite quickly so I would hazard a guess end of August beginning of September which should give enough time to at least get the workover done at H1 and spud H2, probably have to wait a few weeks for all permits and paperwork to be signed off and in hand and finally become a producer. Results for V1 due very soon which many of us are hoping for a successful outcome as many shareholders have waited many years for this to happen and then an SP to match . 😊 GLA
Thanks wos! Appreciate they have cash too should have mentioned that!
Also, to add, the pull back on Friday does not concern me at all. It's like pulling back an elastic band...ready to fire to new highs. this week should see new momentum and new highs. GLA
V1 update to come anytime from Monday onwards. Personally, based on the geography and the fact that V2 is already planned, I think Velociraptor is also a massive gusher. We had no clue LP was about to land. V1 is also being held closely to MB's chest. No leaks. This tells me everything is going according to plan and prediction. Massive thumbs up and buy signal for me. This is truly a GKP in the making. GLA
Big week for all…. Little old MATD on the cusp of greatness and Major re rate in the making…good luck to all especially LTH’s here.
"why would a small company like PM take the chance on something they didn’t believe had potential?"
Because they can afford to sir!
Petro Matad start to move into PRODUCER / EXPLORER company.
I will not invest if JUST explorer lijecdo many people lose money on this sort of company
Also add V2 (fully paid) and effective COS of both higher (source Researchgate Exploration COS).
Then add Renewable & low cost expansion strategy.
20% COS not low for Wildcat. Mr Buck say "wildcat drill with BETTER then wildcat COS" (Working Petroleum System).
Hope this help :)
Can I ask, and possibly a stupid question.
With V1 news due this week (30 days) what creates doubt of this being successful?
I can see it’s cos 20% which is obviously on the low side. Wildcat and more complex drill sides of course come with added risk.
But why would a small company like PM take the chance on something they didn’t believe had potential?
Also when can we realistically expect heron to commence? Initial reading suggests upon signing and getting equipment on site? To me that appears to be quickly.
Couple of articles that may be of interest. https://www.mongolianminingjournal.com/