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As I was was the one who first posted about this new company formed after the IOM meeting I thought I'd give my take on today's RNS. I think it's half baked and forced out due to our discovery.
Why the photos?
Why the new company?
Why all the dignitaries for a change in PSC?
Am I concerned? Yes a little as I worry how much MB may be giving away to get us going.
Do I think a JV could still be on the cards? Yes because of my questions above.
How does that fit with today's explanation? Well what I'm hoping is that due to MRPAM being a stakehoöder in the new company they have passed it over to another ministry to rubber stamp the Special permit to avoid being accused of a conflict of interest. This is a hope and an opinion and obviously up for debate so take it as you will. Velociraptor fits in exactly with my previous predictions and for what its worth I am in at 3.40 and sticking around. This has made it tougher to decide on what to do during the lead up to spud, that's for sure but I think there is more to come and we are yet to find out the full story.
Al I, guys aren't stupid. That is why buys are more than sells now. This is bouncing back soon.
Nothing has changed. It is just a bit of delay. It might be just a 2/3 more weeks.
It doesn't take a genius to workout thats the drop is overdone. Last rns was delay on LP with no other progress. Yet the SP dropped 11% and then it recovered all the way to 7.10p
But mr A1-Investor
"Will not let my shares go for less then £1" is your OWN words.
Will not waste more time with you sir who have been expose with PANTS DOWN for this :)
I BUY 200k more share this morning so I use emotional investor decision for my advantage from own research. Be happy :)
Subby.... I don't know if you've been following the board but to answer your question some say that without the LP for block XX (which has proven commercial oil) we are nothing but an wildcat explorer and as the next drill has a 20% COS (chance of success) they have made it clear they would be out or review their holding.
Others are spooked by continued delays and are concerned I guess that this means we might not get the LP or might not get it until after the drilling season.
Others may have had stop losses triggered.
Others however have a more long term view and have delays factored in and expect it all to come good ...eventually. Hopefully sooner rather than later but by no later than this time next year.
I reckon that's it but others may have different view on it.
Hope that helps
Wos we see you for what you are
Which account are you on now.
how can anyone read that message and like it.
you are a fake ego man iamrich, yes you are so smart and everyone else is stupid.
you have no clue what will happen in a few weeks. are you going to guarantee everyones money. no?
then kindly shut up with your predictions. you predict *******s every week. for such a smart man your predictions are dud after dud.
Mr A1-Investor
Have belief in your £1 prediction base on your research. Like you say "will not let ANY go less then £1"
Be happy for BUYING opportunity before your £1 target reach ;)
Hi guys, I don’t post often but do read the board every week. I’ve read through the RNS and I know it’s not great news but it doesn’t seem to be bad news? I’ve obviously missed something or maybe I don’t fully understand the ramifications of the RNS? Why the huge drop in SP it’s as if we’ve been told it’s a duster! Can any of you please inform me of what’s happened/happening. Thanks in advance. (Please don’t ignore my message)
Lth know that this is a good investment.
We've been here when it was 1.7p . Another month or 2 won't make a difference
Most people are stupid I would say hence why 7 out of 10 people lose money in the stick market, example this morning s sell off lol, all people had to do is hold for another few weeks but instead lost money and they themselves are to blame for the price falling for the day,
Anyways I'm still in and waiting for that LP to land, and velociraptor will be spudded and guessing LP will be with us way before velociraptor results
Ai hopefully it wont affect you because you dont have any shares here.
"On the Block V Exploration PSC area, local government approvals for land access have been secured. This area does not have the same history with the oil industry that Dornod Province has and as such, just as in previous years, thanks to its continued focus on positively engaging with local communities, Petro Matad has been able to secure all necessary permits to work on the land covering the highly prospective Raptor Trend and the Velociraptor prospect"
Glad i topped up.. run it back to 7p before spud
RNS Down 25% today topped up 4.7p limit executed strait away.
2800 posts since my last buy 25 days back.
Jamins, this is a highly traded share and the news today gives traders to feed on the more emotional traders that are influenced by the posts on here.
As you say,
- drill in 3 weeks
- LP ongoing and not priced in
The SP won’t be around 5p in 3 weeks time…
Yes curious it is very clear that is the aim. Shame to see. I thought for a while that the rampers would have one day off. But infact that would be horrendous for them
This is the day iamrich, wos, haam need to be working so hard. Rampers trying to distort reality. Shame to see such masty people
This is yet another bearaucratic delay to obtain the necessary certification and approval of the exploration area.
It doesnt mean that progress will stop and have hit a brick wall.
This is going to bounce back and preety rapidly.
Al I, nothing has changed. Great opportunity to add or get in.
These delays happens everywhere. I applied for change of use in a building in London and took 4 years.
I had legal approval from government law of land, but local council delayed and delayed. It took 4 years to get it.
AI - they will try and spin and control/own the narrative.
WOS I've already posted that the LP may still come in before Velo results. Don't need you mate. Go away.
I remain invested and remain a LTH . GLA
Agreed n1….as normal a massive mm induced over reaction and bedwetters losing out once again… few week’s delay while boxes are ticked again so another slice of the pie is carved up in the name of red tape…. Fully expecting to finish just few % down after these cheap shares are picked up… the Warren Buffet quote comes to mind.
I would be surprised is LP was already priced in given it requires sign off from a government in a slightly ropey part of the world. Hardly nailed on.. It’s been delayed a little not turned down. What’s changed?
There is a drill going ahead in c. 3 weeks. Good news??
20% drop seems a bit over the top…
Mr A1-Invetor
When you say yourself "will not let share go for less then £1"
Why do you get so sillly now with posting. You should be BUYING more yes?
Be happy & wait for £1 sir :)
Still going hamm. You would have thought after all your ramping you could have kept it quite for one day.
Just BUY 200k more share few mins ago. I see opportunity & do not get carry away with emotion. This is how turn red day into profit day.
Buy or sell up to you. I make own decision for me & with own research :)