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Posts on here fall into 3 categories
1) what if you don’t get the LP and velociraptor is a duster what happens then to the SP??
2) what if we get the LP and velociraptor hits oil.. we’re all rich
3) the ‘circumstantial evidence’ posts. Stuff like this purple one. Stuff like the posts from master that shows land surveys of the block have happened for the paperwork needed to be provided to the ministries ahead of the cabinet vote. Stuff like the pipeline being built despite the other blocks producing less and less oil. Stuff like the government using special land use as a reason to annex blocks (shows they are using it as a mechanism to get things done in a way that they see fit). And finally things like calling this a project of national importance.
As investors we don’t know what’s going to happen but all this circumstantial stuff does point in one direction and gives us a feel for where this is going. The flippant comments belittling this research (at best) misses the point of them.
Thanks dozz for the the pipeline info.
Member of Parliament and Chairman if the Standing Comittee on Insustriliazation Polict Mr T Enkhtuvashin received representatives led by President if the Chinese state owned Norinco Group
"The construction of a crude oil pipeline with a total length of 530km from the Tamsa oil field in Dornogovi province to the oil refinery being built in Altanshire sunning Dornogovi province will be started on the 28tg of this month.
He noted that the oil plant with crude oil pipeline is a very important project for the economic development if Mongolia and emphasised the country's domestic need"
Everything coming together. In or out up to you.
Happy to hold MATD for major re-rate & this fraction move will be nothing :)
Doc
Hold on to your shares tightly. You got a good average. LP should be here very soon. They just trying to find that STAMP before handing it to the courier for delivery ;-)
Just a tree shake
Doc, go back to work.
A sneaky deramper.
MisterPositive: "Still cannot get a Buy quote for even £100 on Barclays."
You need to use a different broker. There are plenty of shares on the order book available to buy.
SP is declining because it has risen on hope and expectation that LP is coming. The longer it drags on, the SP will likely fall back. This is not a deramp, just fact that yet another month has nearly passed us by without any confirmation of LP.
Still cannot get a Buy quote for even £100 on Barclays.
Could only Buy £50 worth.........LoL
Grab on to your shares. News must be close.
Will not be able to buy back cheap....i tell ya.
DOZZ. It's all coming toghether.
They are not going to invest huge amount to build pipeline from PC facilities solely relying on supply from block 19 and 21. The supply is declining.
They need more oil from block 20 which is few km away from PC facilities.
LP is definitely coming
Reminds me of the guy who wrote the hokey kokey died last week. It was all going well until they tried to put him in the coffin. First they put the left leg in
Going back up again, shirt term traders are out and new people in, once dust settles I still expect this to be over the 6p mark, we are any day away fro the LP and another month or so away from the giant velociraptor drill
False drop....MMs trying to grab a few.
Only 2 ways they can do that.
Raise the Bid to attract few sellers OR
Drop it to spook a few to sell on the cheap
Glad to see that happen coz we setting up for 2017 style price appreciation here. I can see all the ingredients in place now for a Major breakout here soon. This just confirms the Uptrend. Buy the Dip
Been here for a while and seen it a lot with this share Fairy.
It's a rollercoaster of a share to say the least and moves fast either way.
I wouldn't be surprised if it finishes today considerably up from where it is at the moment, but who knows ..
All just IMHO by the way so please don't take my take on it as being spot on if you are new here :)
There's no solid reason for the drop from what I see though.
We're all just waiting for news still and some prefer to take their money out if they're up.
Like I said though, there's a higher volume of busy to sells from what I see, so it could just be the MM grabbing shares again ...
We don't need an update from Matad.
Unless the information in the last RNS has changed.
Which it hasn't.
Market Makers take a slice of every transaction.
They want investors to buy and sell.
Up, down? They don't care.
Petro Matad is great for them.
Potentially big news/re-rate pending and investor expectation and excitement.
But also a recent doubling of the Share Price with some having made big short term profits and longer term investors perhaps back to break even?
It'll swing both ways.
No news short term then down.
In June and Velociraptor then up!
Land permit the Joker in the wings.
All bets off if this lands.
Best to decide in or out and ignore what comes in between?
Uncertainty and fear, the Market Makers best friend, apart from greed of course.
@Bluechipz,thanks.Still new to this game…obvs.
ATB
GLA
The mm crooks are at it take no notice of the bas--rds
If we were to have a little update from matd, even just on twitter.
Vast majority of trades today are buys and some chunky ones at that .... as per usual the SP drop doesn't reflect that.
That's nothing new with this SP either, so no reason to panic as far as I can see.
Yes,but can’t even buy 500 pounds worth.Hopefully a good sign
ATB
GLA
Penny stock they do drop.
More buys than sells. MM shake.
Any ideas as to the above ?
Buys x2 sells...MM shake. Maybe news coming....
The likely news line in the very short term is
New licence or licences granted .
LP certified, confirming Heron as national importance
Confirmation of pre oil extraction works from Heron field
Confirmation of exact spud date for June drill
All of this is very likely near term .
Add in separate news regarding JVs for multiple fields
There’s more the list goes on .
So in terms of the investment case , it’s excellent. That’s my view .