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Back at screen and happy to see just START of UPTREND - Header say all.
We have more CERTAINTY now with progress report and understand final step is herder compensation transfer (money all ready to go) - expect this "to go through SOON".
With more certainty I see INVESTOR start to take longer term hold with LESS FREE STOCK in trading.
As OPERATIONAL START near and updates happen price push up even more - we see how small volume move this.
Quick summary (please ignore if you want):
- Asset with 7,000-10,000 bbl per day plan for development in 2024
- Rest 3 Billion field in Block XX extension
- JV with DQE for fast / low cost full field development
- New Blocks
- Renewable explosion in Mongolia with increase in Govt level / Bank financing
- JV positioning with foreign companies due to in country experience
- FULLY FUNDED until at least July 2024 (believe it not).
All know we have people on BB who make lot of claim about trade this / did that - think most understand truth about them so will keep focus on Investment - this is what is important.
PRICE WILL BUILD / FREE STOCK WILL GET LESS / MULTIPLE NEWSFLOW WILL START
2024 is the Year of PETRO MATAD and it's HOLDERS 🦉
Petrovis (main shareholder) will want good ROI after years of investment / millions spent.
Will discuss this after COMPANY MAKING RNS release but investors have very big payday coming imo.
Will focus on RNS / Operations until then 🦉
Thx WOS!
For all of those who keep critisizing WOS you should understand that his posts - although repetitive - reach many more readers on this BB than those individuals who look into it daily.
As he has mentioned several times: If you can't stand it - filter him.
I for one am glad to have him on board.
Ojay wants a christmas bonus. Again licking owl ass...
Will be back q2 when the equity raise is announced.
Will not read as i already know it will be even worse than normal.
But dont worry Doc i still keep trading this think. Next position short but Will not tell you when...
If you miss me Will be at sng ... trying to trade some life in to that one. ;)
If matd.l hits 10p in spring, maybe we even propose a Knight Owlhood for the Simon C-Owl of this BB; The one and only Mr WOS ?!
Aren't we all glad we don't have the likes of Mr Professional as our neigbours in real life.
Insufferable ... me me me merchants!
Be like Mr WOS; wise enough not to give a hoot what Mr 'Professional' say here !
All positive WOS, but the cynic in me says a nice rise in anticipation of first Oil, a low ball placing, ( again !!) the inevitable pullback in the SP again before rises and gains as 2024 ( hopefully ) progresses.
I hope i'm wrong, but i've seen it, sniffed it, smelt it, all before.
Think NEWS today more important then any Bollinger band lol!
Thinkost important thing to focus on - Company move from EXPLORER to PRODUCER / REVENUE GENERATION.
This is what attract big INVESTORS / FUNDS and leave behind smaller holders / traders.
Now we know PROGRESS and expect more news as payment in place expect to go through "soon" then am glad to see STEADY RISE / UPTREND!
No massive day rise but progress on uptrend for all multiple development / operational RNSs due.
This will be MASSIVE in 2024 and rise for this start to happen today and from RNS update.
Good to hold all my stock for this 🦉
Shares are news driven. Nothing to do with chart analysis..
Bit like Zak mir useless analysis.
Master82
"Shares are news driven. Nothing to do with chart analysis.."
I presume you have never looked at any daily charts, because if you did you would see that the share price has bounced off several support and resistance levels for many years now.... ? There are plenty of online bar charts to look at - and you can draw in support and resistance lines to see what I mean.
And when earlier this year when there was that huge MM manipulated down spike on an RNS which no doubt caught plenty of stops, the price was rapidly marked down to a previous support level....Coincidence ? I think not.
Today’s rise was to do with the RNS. Not chart technicals. If it had moved today like this without an RNS, fair enough.
Hoping to see some consolidation tomorrow.
I used to look at charts. But mainly shares are news driven.