George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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Lots of investors are realising currently that the present price is a bargain with all the good news secured with hopefull more to come,but the price is not moving.Hopefull will rectify soon
Tight spread again
They will soon be over flowing BP... like the SP ;-)
But not as empty as PM's oil tankers currently are!
Thanks for your helpful suggestion jack. Unfortunately said glass would still be half empty!
Bad prophet why don't you buy yourself a glass then you could fill it half full? Gla holders regards jack
Agreed no one can predict the SP and has stated all this is conjecture and hope but based around some facts and reasoning and assessment from professional resources although probably paid sources.
By the time the DQE agrrement is signed and the all the rigs ready to pump plus transport etc will be around the time that China is crying out of oil to fuel their expected very rapid expansion after 3 years of almost complete inertia.
You put that together with what we hope will come from V1
plus the Renewables Solar green energy JV
plus what could be the big unkown here and that is the JV set up with the MG for PM Energy.
Plus goodness what may come out of the new fields . This is undboutedly exciting times for MATD just unfortunate that the RNS came out on a day when the markets were taking a hammering because of uncertainty around US interest rates.
I personally think that not just the MMs are holding a hell of a lot of shares but some point will run out plus i am sure the respective Inv houses had probably taken a position and when they have exhausted that lot then this share will re rate very quickly . I am hoping we will see that in near future ie over the next week. At the moment we are driving the car with all breaks on. Take the breaks off and we will re rate.
5.9p to sell and buy
PS. I don't believe Master's "excellent research" has been of the slightest use in informing investment decisions. IMHO
Ojay - I don't need anyone to stick up for me I'm quite capable of doing so myself. I'll post what I like thankyou very much & if you don't like it you know what to do.
Pat - nobody can promise what a share price will be.
The discussion on here is pure speculation of what it could be in time. Some of it backed by reasoning and research.
All I know is the markets are taking a pounding just now. Meanwhile MATD is now actually able to get the oil out the ground and will be a producer. Everything has changed here.
Agree Patshare, none of the many SP predictions on this BB have been accurate and most of them have been massively wrong. It gets increasingly boring to plough through these posts every day.
They can post what they like Pat. why are you fed up with them. If you don't agree with what is being put just have a laugh to yourself.
I for one am not accepting pennies in the future
"Style and sophistication" on this BB don't cut the cake. What I (and maybe others on this BB) would like to see is a positive attitude. Posters displaying a negative attitude get on your nerves and aren't helpful. This is the category b/p belongs in.
master28 (e.g.) has been extremely critical towards MB and PM during the last 2 weeks. And still we all appreciate his genuine positive attitude and his excellent research.
So mmafr: Very honorable of you to stick up for b/p but he doesn't deserve it - and he knows he doesn't deserve it.
To be fair to the rampers
the price of 27p/58p without/with velo striking is actually in the official company documentation
but yes nothing is guaranteed
I am so fed up with posters promising 9p, 10p, £20 or whatever on BB's, in my experience so far this hasn't been a reality.
Only a short time ago we were being promised 15p or more when LP was granted; it has been, where is 15p?
Similarly KEFI Gold (sorry) was 'promised' to reach 1.5p (from around 0.9p) on TK sign off; we finally got the TK sign off, now the SP is 0.55p.
My point is, posters know nothing for a fact, the markets decide the SP and nothing we do or say influences that.
Matad may well have 'plenty more RNS's to come' but that doesn't mean they will all be good news, and even if they are it doesn't necessarily mean the SP will reach 27p/58p or anything like that.
Nothing is guaranteed. Ever. Apart from the obvious.
Bracing myself now for a barrage of abuse, inevitably.
There is a huge loyal following of MATD holders despite being in and out over past 4 years and for good reason. All know the MASSIVE upside here coz this is a US$1 Billion company in the making.
V1 opens up potentially Billion barels in Block V.
Block XX is small vs Block V in size but Oil rich with over 2 Billion barrels within basin.
Now that land access been granted over entire Block XX Exploitation licence, we can follow up on GAZELLE discovery also and other prospects around Heron oil field.
ICblue: I missed them as well......still trying to find one.
Anyway I did say I thought the LP (or whatever) in itself would not lead to a massive re-rate. It was 7p in anticipation of the LP now 6p WITH the LP. Hopefully it will go higher in the short term before it drops back but who knows. A strike at V1 should consolidate the SP. May be one to tuck away in the bottom drawer for a few years.
Mmafr - "BP, in any case, always writes with style and a certain level of sophistication" Really, I must have missed those! lol
Added few more myself.
V1 is a bonus and a MASSIVE one. Opens up whole Block V which is huge.
This was 7.20-7.30 in May ahead of expectation of LP which has now landed. Velociraptor-1 was not even spudded back then.
7.50 should be minimum even at this stage.
I agree that a contrarian view is a good thing on a BB.
BP however is just an awful person and is the only person I have blocked on LSE.
Moving on… this is a great time to hold MATD GLA!
I would like to defend BP here. I believe that a healthy board culture always involves two sides: those who enthusiastically comment on every little thing and those who, for whatever reason, criticize everything to the extreme. BP, in any case, always writes with style and a certain level of sophistication, and I actually enjoy reading his contributions, even though I often disagree with them. But such postings also allow me to question my investments and view them critically from time to time, which I find extremely important. After all, there is always the option to block or ignore if someone sees things differently than I do.
Formed a new base level after consolidation of traders.
Next move up due.
And what an elephant. If velociraptor hits oil, it opens up the prospect of exploring almost 8,000 (thousand) sq, kilometres of further potential acreage. compare this to block XX which at 218 sq. kilometres is tiny in comparison!!