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UPTREND and header say ALL! Reason this went from 3p to 35p few year ago in JUST 6 weeks!
Now few more share but MUCH better prospect & closer to production with MAJOR NEWSFLOW we expect within next 12 weeks.
COMPANY MAKING RNS with herder compensation last condition - money now in place and "we expect this to go through SOON"!
PETRO CHINA DEAL RNS - Talks have been very positive with good relations and mr Mike Buck expect no issue with this (also MRPAM have been on both side of negotiation & DQE is sister company of PC).
DQE JV RNS - All terms AGREED so look like all sides wait for LP signature. Mean LOW COST / FAST TRACK full field development.
HERON OPERATIONAL UPDATE RNS - Preparation & update on drilling program
Drilling season start March / April but NEWSFLOW we can expect from now onward and UPTREND as longer term position get taken.
I look for STEADY UPTREND with RE-RATES on main news developments and good price climb. Do not need fast rise but if it come no surprise.
As INVESTOR I Buy, Hold & Wait for full development picture & expected MULTIPLE price rise to build in near, medium & long term.
Focus on Investment ALWAYS 🦉
Header is not reason this went up from 3p to 35p in 6 weeks before. Now it is MUCH MUCH better.
Point I make is how aggressive this move - what was problem with delay now become blessing for holder 🦉
I think what it put in place is one word - CONFIDENCE!!
2024 - Production / Revenue / Re-rates / Shareholder value. Thank you 🦉
Oil uptrend. Confidence back. Sentiment shifting. Rerate would be massive.
The current share price is very cheap. Amazing opportunity.
Rumour has it Professional has been able to buy back in today for 2.9p and will be looking to sell again later 🤔
Anyway, nice to see the SP consolidate after a good day yesterday. I wonder, if this did manage to drift all the way up to 6p with no further news, would master and others really sell, as they said they would? Personally, after waiting this long already I’m in until we have confirmation Heron is finally good to go. BP might be right and it could still only go to 6p on that, but I want to see after suffering the delays so far.
Doc good one xD
btw I also think it would be crazy to sell early like master always says he would, you waited so many years for a two-bagger?
for me, it really is the question of whether I can bear the wait for the first dividend or not. It will probably take at least 2-3 more years, but hey I am only 25, and thinking about getting a 3p dividend from this is really enticing - after all Warren Buffet got rich by investing in companies that generated/distributed value greater than the initial investment, not by trading them for a 2x when revenue is secured/picks up.
I think everybody should remember how hard it was to buy in large quantities and at a good price (even harder when you can only buy at auctions like I can (IBKR/every swiss broker I have (I know people like to ask)) and if the oil is running we should be printing.
Multi-well program planned, and 2 new blocks acquired looks for me like a good prospect.
I do look at many houses tho so, I really am not sure and I think PM needs a 5 year plan and set goals for what they want to achieve. I think everybody knows that this rodeo we are doing with Heron HAS TO BE a virgin ride with new legislation and not normality.
WhiteMan - if MATD ever pay a dividend, it will be years and year away IMO. These types of companies usually either sell out or try to grow big time. Again, a very different company but look at TXP and the recent news there.
I maintain that on the positive news we are all hoping for, the SP will spike quite a bit past where it eventually settles around, before consolidating and then perhaps slowly moving higher. Again, look at the likes of GGP. I'm betting a good/lucky trader will be able to make a packet if/when this damned signature is finally penned.
Takeover / Dividend will be quicker then people think. Main reason I discuss after LP because this is real focus now & look like company making RNS for this very soon.
Petrovis is biggest shareholder and will not wait further years for ROI I think.
DQE fast track development / Production / Revenue with access to borrowing facility accelerate DIVIDEND (again my opinion).
But BIGGEST DEVELOPMENT from research is something I discuss with BB later.
Just good to be holding for Uptrend of price now 🦉
I agree with everyone!
The SP will spike on Heron approval and then fall back as the 'News' is sold, but shortly thereafter it'll spike again when we're told about the Field Development Plan and how it's going to be funded and the oil shipped, then it'll fall back a bit..... until the Heron Well is completed and we're told what the initial flow rates are. Here it might not slip back as all the posters on all the other oil boards (UKOG, UJO, BLOE etc ) see what a real oil company looks like and decide to jump ships. We'll now be getting all the 'What the ####' posts calculating flow rates, number of planned wells and estimated total oil production and projected revenues.
There'll also be announcements about plans for the two new blocks.
And the SunSteppe JV 'exciting' projects will be announced at some point giving us some idea of their scale and scope.
Unless the re-rate on the Heron permissions completion RNS is truly spectacular I think I'll sit on my hands and see how the next 6-9 months play out.
But never say never, there have been plenty of opportunities to make good money on this stock over the years but not many have (except Professional of course, but he's a wonder trader as we all know).
Thornogson well said!
Hard to say what happens but the fundamentals look good and some profit-taking/trading won't hurt anyone along the way, as you could have made some good money in the past. I am just really skeptical of people wanting out at single-digit prices as I do believe this undervalues the company and its potential.
Agree mr Thornogson - I spend long time on research for company to INVEST in an MATD stand out for me from all other.
BB visitors say this & that but GROTH STRATEGY here with COINTRY POTENTIAL / POSITIONING, Strategic JV with DQE, Newsflow, Production Revenue to fund (part fund) growth and Fast track on opetations with Heron start - better for my funds then other gambles people choose.
I have assurance to build up BIGGER position here as proper investment.
Also one extra factor I put into your post - LARGE INVESTOR / INSTITUTION / FUND will take interest am sure.
Some will come in with LP secure, other will need Production / Revenue, other need to see Dividend - but they will COME!
This one's BUY BIG and HOLD.
This will start to change everything here 🦉
We also find out truth about IOM meeting where so many MMHI /MRPAM & Mongol Ambassador attend 😏🚀
Tempted to buy more but then Mike Buck does like to drop a "nearly there (e.g. within 3 months!) type of RNS then make a raise on the back of a temporarily inflated share price figure.
What we want to see.
Nice steady price increase as part of UPTREND with strategic RE-RATES on multiple RNSs!
No big moves but price higher week by week & month by month.
Imvestment analysis show why 🦉
It just occurred to me that around this time last year MB did an interview saying we were nearly there, “1-3 months” from October 2022…. The SP duly jumped from 2p to 5.5p and a raise was announced.
Fingers crossed that this years positive Christmas RNS isn’t a precursor to another raise!
I posted the same thought at 12.45.
Ah, so you did! Great minds and all that…