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Started: Velocoraptor, 14 Jun 2024 23:59
Last post: Cybertron, 15 Jun 2024 21:04
Lol sad prossy
Lol sad woose
Professional bum, constant false information posted constant threats of people's IP adresses, constant fund raisers in every stock you go on to lol, what exactly are yiu a professional in other then being a bum, lost out on 60% rise when i tild yiu rns coming buy niw its low but yiu daid no i kniw what im doing 😂😂😂
Do you know what your doing the next couple of weeks?
Ahhhh seeking support. 🤣🤣🤣🤣 sad as expected
Can say the same I'm sure others will agree, you seem to have lost out on share piece rises constantly and keep on telling lies, tell me who's more pathetic, do you really have people IP address 😂 who's your broker 😂 come on you silly man give it up and stop embarrassing your self here every day
Started: Greenbacks, 15 Jun 2024 07:13
Last post: Aeschylus, 15 Jun 2024 12:42
Thanks Hamm, Jimi, Doc
Seems we'll be ok on there being plenty of oil in place then!
Https://youtu.be/tR02UYP-Z9I?si=72x8nXlZNUEiULAv
MB: we have got an independent certification of oil in place of almost 200 million barrels. And if we were to use a relatively conservative assessment of recoverable reserves around 30% then we are looking at 60 millions plus recoverable.
Don't think the oil will run out just yet,
The Company had assigned a pre-drill resource estimated for the Heron structure of 165 million barrels of in place oil, with 25 million barrels (P50) recoverable resource, based on a recovery factor of 15%. The Heron-1 flowrate is very encouraging and could indicate that the assumed recovery factor is too conservative, however more wells will be required to prove up the total volumes in the structure.Block XX Update.Competent Persons' Report increases total mean unrisked in-place oil resource potential of the Heron structure by 20% to 194 million barrels. Reservoir stimulation studies indicate significant improvements in recovery factor are possible. Heron development base case increased to 33 million barrels recoverable.
Doc that sounds reasonable thanks
Greenbacks ; can you write that in some form of coherent English now please. I didn't understand a word of what you wrote....
Started: Professional, 14 Jun 2024 17:27
Last post: Cybertron, 14 Jun 2024 20:50
Prophetus, professional has got nothing right lol, of course he will be wrong again, the guys a lunatic just goes round on several other boards now too saying fund raise lol, I mean is he a fund raiser is he working for some sort of fund raising company not sure but have to say he is into his job as everythings a fund raiser for him
Investor33 I don't think doc is in the same side mate, I think this guy wants to see disaster and failure, not sure why maybe he thrives on it, maybe childhood issues
Doc ; enjoy the football - I'm doing the same. We might disagree about some things, but in reality we are on the same side, and I would genuinely like to see you and all the other LTHs do well.
Enjoy your weekend too.
Investor, just settling down to watch the Euros! I’ll end by agreeing that vicious spike down to 1.8p was absolutely MMs. I’m not saying it doesn’t happen. But you reckon they are the sole cause.
Have a good weekend (genuinely). From a genuine, long suffering LTH in MATD who just wants this to do well.
Doc ; a large limit order can be pulled. It happens a lot in the US market. It can fool people who are closely watching level 2.
And you haven't explained away yet why the price spiked at 7p in May last year, and then with no change to the fundamentals, just 3 weeks later the company was suddenly valued at about half the market cap that it was at the peak of the spike....If it was all down to retailer investment sentiment as you so religiously believe, then a lot of retail investors suddenly and in a very short time changed their mind drastically about the true value of the company.
Or maybe explain why on the RNS release of 10/07/23 the price was marked down in the first few minutes from 4p on the previous day to a previous support of 1.8p. Then immediately the price magically recovered within literally minutes up to a high on the day of 6.5p, and to then close the day at 4.8p. The MMs did a fantastic job on that day of hoovering up loads of shares very cheaply on that vicious hammer spike down, and then offloading them over the course of two days when the price again magically spiked the following day back up to 6.2p. A few weeks later the price was down to 3.2p with no major change in the fundamentals - what had changed was the volume, down to about 3m compared to 76 million on the day of the RNS.
Started: WiseOwlSpeak, 14 Jun 2024 05:51
Last post: LondonSuede, 14 Jun 2024 17:55
Bad, you sound like a king and heavyweight. Are you MB undercover :-))))))
Researchandhold said //BP is like a stain on humanity//
Thorno - //One RNS and the rest will be history.//
Oh dear! You folks crack me up. Where have you been the last 12 months? 😂😂😂😂😂
All speculation. We will find out next week. RNS will provide an insight of what is going on.
DQE should fund everything from now. PM has an asset worth hundreds of millions.
Total money required for block 20 is $30m max.
It's too cheap to give away to DQE.
DQE should fund from now not PM.
Agreed too Doc.
But funding has been covered by Mr Buck, the money is there one way or another but this was before the LP permission was received.
If he's raising more it's for a reason and can only be to get at more oil quicker?
I would guess a raise right now would be at 3p or less. And if you can't afford to take part, you're facing dilution. Also, if a raise is announced without DQE confirmation and such a detailed plan as you mention, I can't see how it would go down well.
Started: Cybertron, 14 Jun 2024 12:27
Last post: Cybertron, 14 Jun 2024 17:49
Great opportunity load up on Monday, RNS anytime next week just hope it's not Monday or you will be buying above 4p first thing,
Good luck all next week hopefully is the week, all signs are there, also SP drop just before the awaited rns
Cyberplonk, anyone following your advice over past couple of weeks will be well underwater by now!!!
My last post maybe too positive and some like doc and professional may have a melt down just warning people, ignore the Muppets do not engage!
RNS has to land next week plus we have results, add on the fact the derampers and negative naysayers with new derampers are on full swing today,
Anyone listening or selling in these guys advice come back and see what happens next week lol,
Anyways did warn the biggest Pollock here to buy in before last RNS blasted this way over 60%
This time we are gearing up for production share price will correct it self, broker target 23p may change now depending on next RNS
Started: DazzerG, 14 Jun 2024 16:40
Last post: Jimithebrush, 14 Jun 2024 17:15
Someone is and it's not PM shareholders 😂 GLA
I think the dice are loaded
Being involved with Petro Matad is like a very bad game of snakes and ladders.
The LTH’s seem to be continually stuck on the snakes (wishing MB could roll the dice and get a more favourable number) - yet the MM’s seem to somehow land on the ladders all the time.
Feels like we are going down the snakes back to square 1.
We just need need MB to update the LTH’s (and other PI’s) with a positive and true RNS - and then we might be able to get some joy on the ladders and start climbing up to the winning square 100..!
Started: Thornogson, 14 Jun 2024 15:14
Last post: Doc83, 14 Jun 2024 16:05
I thought the money made from Heron 1 would fund the other wells?
I really don't want a raise. Not yet. And certainly not without Heron actually up and running and spewing oil out.
To fund Heron Field drilling.
It's only 3.15 Hamm, plenty of time to buy back in!
Thorn, you don't know silly man.
Just get lost.
Why MB raise money at this price?
Monday: 'Petro Matad 'the company' announces a Fund Raise to raise £5m.
Proceeds of which will be used to drill 3-5 wells on its Heron Field once the Heron 1 well makeover has been completed.
Outline terms of service and pricings have been agreed with DQE with a view to commencing work as soon as is practicable'
The End.
Started: harvey5416, 14 Jun 2024 13:56
Last post: LondonSuede, 14 Jun 2024 14:30
Is it normal that a share price of a given stock repeatedly falls down just few days prior a bad news containing RNS release? It would be more logical if it drops after RNS release when everyone start selling on equal footing in a fair competition. Anyways from past experiences, today's significant drop in SP indicates an unpleasant RNS on the way. not a fair competition unfortunately.
Sounds MB managed to kill the momentum again with that delay!
Surely after 5 years negotiations they should know where they are standing and make the decision.
The drop on the SP is crazy considering this jumped to 7p on anticipation of the approvals.....the drop suggests insiders are aware of bad news....not good sign
SP, heading back to its level before the last, so called, positive RNS. Its like a kids video game with Barriers, Barriers, Barriers all the way. Come on Mike give us a crumb of serious news.
Last post: Hamm, 14 Jun 2024 13:55
Don't be silly, stupid man. I can't effect on the share price.up/down.
Stop criticizing posters, focus on your investment. I am just trying to figure it out why it is dropping considering we expect good news. That is the forum for if you don't know. Surely I have much more shares than all your 'families accumulating' here.
Hamm's flipped again!
Early subtle signs this morning but he can't quite keep himself the right side of the 'let's put my boot in too!' line.
Didn't work so well last time, in fact I'm not sure he's ever got his timing right as regards his flip-flops.
Where's the down side from here Hamm? It's minimal. Upside is still as huge as ever and might be about to land via RNS?
As far as I remember everything has already been paid for H1. If that is the case which I understand it is then it would be silly raising at this silly price. One way or another H1 operation/production shouldn't be far away.
It's odd given how stable the SP has been following the recent RNS.
Nothing to do but sit tight and await events.
Worst case? DQE can't accommodate in the near term?
A raise? As I've said before, if it's to fund drilling and a 2024 Heron Field development plan then I'm likely to be very positive about it and would expect the SP to respond very well.
Kind of glad that something appears to be happening one way or the other.
Let's have that Red Dot!
All these sells may indicate that sb with big holding might know some bad news is on the way and dumping his shares expecting big drop in coming days! Or what could it be? Any ideas guys?
Started: Professional, 14 Jun 2024 13:09
Last post: NicetoMichu, 14 Jun 2024 13:46
Very entertaining BB as ever, not least the ongoing touch of the pantomime here: Mr WOS , Mr Investor33 etc .... Mr Professional he behind you , he behind you ..etc
More seriously, with the Bulls and Bears verbally punching each others lights out, it also makes for a good balance across a broad church of perspectives here imho.. so thanks all !
I'm trying to bring myself to add to my now tiny remaining holding here.. still can't quite get my head around doing that, but hopefully I get a feeling at some stage soonish that I should do that....possible placing whenever in coming months could of course happen is a thought I can't get out of my head mind.. and if done when s/p is in 3's p for eg then it could be a raise eon the 2'sp for eg ..etc..
Could be. Lets see
Started: DazzerG, 14 Jun 2024 10:15
Last post: Bluechipz, 14 Jun 2024 11:59
Dazzer - I posted the day after the RNS that I wasn't getting the champagne out yet as there always seems to be a "But ..." after every RNS that MB puts out. I can't see what that next "But .." could possibly be at the moment though.
I still believe it was a very positive RNS with an almost binary next stage outcome being touted of production either before, or after the election. The market seems to feel like we LTHs do now though, and potential investors won't believe it until they actually see it here given the amount of false dawns that we have had.
I still think this will come good but as per usual, nothing is easy with this share and with Mongolia.
Fingers crossed we'll get a red dot surprise very soon that will put all fears to rest and finally let the SP rise.
It's crazy that 1 year ago this SP was near double what it is now without the long awaited news that we have just gotten.
….. with Petro Matad - it always feels like 1 step forward, then 5 steps back..!!
Looking at the comments this morning - a vast majority have quite rightly picked up on the fact that there are more buys than sells - but as per the typical Petro Matad rollercoaster ride - with already pre-provided RNS positive news - the share price continues to fall.
Hence my opening subject - does this feel somewhat dodgy to my fellow shareholders of PM..?
Started: TheToe, 14 Jun 2024 09:42
Last post: TheToe, 14 Jun 2024 09:42
Typical matd dangling the old carrot. Nothing will be done this year I promise you. I’m an expert in there bull shot.
I’ll get back in at 2p. That’s the only way to make money with this company.
Started: Dozzawba, 14 Jun 2024 07:25
Last post: Dozzawba, 14 Jun 2024 07:25
Check out Relliks post 07:20. Prof proven LIAR. Negative in all 4 shares he posts in, PLACING PLACING PLACING. He doesn't do balance and even research. MORE LIES LIES LIES
Started: ClimbingWooster, 14 Jun 2024 07:18
Last post: ClimbingWooster, 14 Jun 2024 07:19
Full campsite this weekend so that's me outta here until Monday byeeee
FOMO could be Monday. Have a great weekend all
Started: Dozzawba, 14 Jun 2024 07:00
Last post: Dozzawba, 14 Jun 2024 07:00
Zzzzzzz
Last post: investor33, 13 Jun 2024 23:58
Doc ; I suggest that you watch this ;
https://www.youtube.com/watch?v=63BoycqDwIA
Doc ; "Sure, they hold positions to provide and orderly and liquid market but ultimately they are looking to make their money off the bid/offer spread. Holding a massively long position is highly risky for them. "
I will correct that - it's risky for them to hold a large long position close to previous resistance levels. It's far less risky to gradually accumulate at support levels or just below. And actually, they trade their own accounts as well, in addition to having an obligation to make a market. They are not the 'cricket umpire ' neutrals though that you naively believe them to be.
And they can see where stops are placed - which gives a great opportunity to pick up cheap shares with sudden hammer spikes down. Remember that time a year or so ago on an RNS release, when the price suddenly spiked massively down in a few minutes, and then magically recovered just as suddenly ? Lots of stops were triggered, and the MMs hoovered up extremely cheap shares just before a sharp move up.
Ask yourself - if there is a huge surge in volume as happened after the last RNS, and the algo bots are triggered into buying, and retail investors full of FOMO are jumping in, what do you think then happens given the sudden massive imbalance between supply and demand ? How do the MMs meet the demand to buy if there are few sellers around ? That's when they sell all those shares which they accumulated - in the case of just before the last RNS - at around 2.8p.
So they were busy selling them at between 4.5p to 5p as the price spiked up and FOMO had set in. Then when the volume drops off massively a couple of days later, the price is allowed to fall to a support level, where accumulation can begin again. Rinse and repeat - it's a time honoured method.
Accumulation and distribution theory and strategy is nothing new - Richard Wyckoff's work on technical analysis is up there with Charles Dow and other legendary stock market figures. I bet you've never heard of him ; https://www.investopedia.com/articles/active-trading/070715/making-money-wyckoff-way.asp
Not 100% doc but close enough. Investor still learning from his books.
"So why are there twice as many buyers as sellers today in terms of the monetary value of shares ? What you wrote is not logical. If sentiment is as bad as you make out, then surely it should be the opposite ? And anyway, only 2 seeks has elapsed since the last RNS - do you want one every week ?"
I gave you a plausible reason. There might be a large sell(s) that do not have to be reported during or even on the day. You spin the same lines over and over again, and by your logic the MMs should be overflowing with MATD shares because all they ever do is snap up weak holders shares! But that's not the game MMs play. Sure, they hold positions to provide and orderly and liquid market but ultimately they are looking to make their money off the bid/offer spread. Holding a massively long position is highly risky for them.
Re the RNS, in this instance you know full well we are hoping for one very soon otherwise DQE will be busy with PC "from early Q3" (i.e. July!), we'll have to find another provider and negotiate (from an even weaker position) and we could well end up with another dead year as far as production goes.
As said before, you make it sound very easy, a dead cert even, which begs the question - why aren't you off sunning yourself on your £100m yacht from all the profits you've made from all this?
Investor,
If that is the case then there must be hundreds of experts sitting and reading all the RNS of all companies to figure it out what the price buy/sell/ spread should be. Is that what you think it is? If that is the case there must be huge expert man power working on the market. Just asking.
TIA
Started: DRCed, 13 Jun 2024 16:05
Last post: Jimithebrush, 13 Jun 2024 22:54
Thor, "Perhaps the lack of Annual Results RNS is indicative of them knowing how close the DQE announcement is and plan to release together." I think if the final results RNS is in keeping with the last few year then perhaps we will get something by next week Friday the latest if no red dot tomorrow morning. GLA
Pro. I'm talking about dealing in local currency. You can have contract in any currency . Mainly it's in USD.
Mongols will have a choice. They clearly do not have a choice if they are importing fuel.
Now i will learn u something...you can negotiate a contract in any currency (often usd) you want....
But important point was; mining law
Lol currency go up and down
Thanks learned something 🫣
Pro. Currency is a big issue. Currency value goes up and down on the base on how much USD/ Gold they have in reserves.
You clearly do not have a clue
Started: WiseOwlSpeak, 10 Jun 2024 06:23
Last post: WiseOwlSpeak, 13 Jun 2024 17:23
Mr cashrules - Volumes do not suggest this. Just look like small trader action.
Don't buy & find something else!
Have good evening 🦉
Coldjoe ; the ' strange trading ' is just down to the fact that the MMs control the price action. There have been more than twice as many buys as sells so far today, and yet people still believe naively that price action is driven entirely by supply and demand, and a textbook perfect Adam Smith's ' invisible hand ' of the market at play....Or people start saying that the last RNS was not as well worded as it could have been - or other fundamentals at play. which would explain why the price action is rooted to a support level, despite twice as much demand as supply today.
In reality, the MMs stock their warehouses as cheaply as they can like any sane retailer would do - buy low, sell high. Buy when people are fearful, and sell when people are greedy....If they accumulate in large amounts, and very suddenly, then they will move the market against themselves, and suddenly stocking that warehouse becomes a lot more expensive.... The MMs know that higher prices are likely in the near future, so they want a well stocked warehouse to sell from when the next RNS hits, and they want that warehouse inventory to have cost them as little as possible.
Kettles don't take 5 years to boil 😒
However we are now in the best place we've ever been
Sometimes the posts on this BB are like listening to impatient children watching a kettle boil!!
Folks just let the board get on with their tasks and get this RNS released when its ready.
Many reasons why this is taking a bit longer but in fairness everything on this ride has taken longer so it shouldn't be surprising.
It will come when it does but we all know it will be a good one
Last post: cashrules, 13 Jun 2024 17:17
So much for 20p on news. Something is most definitely up here. Perhaps the well has turned to dust in the time it’s taken the approval to come through.
Started: Ojay, 13 Jun 2024 12:11
Last post: Aeschylus, 13 Jun 2024 13:16
Interesting points Ojay. Hopefully after some testing the company can give the reassuring data the market seems to want.
I've no idea about well depletion/life expectancy, but would welcome knowledgeable posters' comments on your last point.
Agreed Aeschylus!
I admit to have been disppointed seeing PM's SP gain so little after the LP announcement. But it looks like the market is more powerful (and maybe even smarter) than all the hopes, expectations and particularly the potential which are around. The market remembers very well that the seemingly good news (hitting oil in 2019 etc.) is worth nothing if you
1. can't get it out of the gound; and
2. can't sell the stuff at a reasonable price in order to make a nice profit.
One more thing I am personally concerned about is that PC had almost 5 years time to suck out all (or most of) the oil PM discovered in 2019 as the oil sources (Heron/PC) appear to be interconnected. I'm clearly not an oil guy but I'd guess this is a real possibility.
Started: Growmorecash, 13 Jun 2024 09:37
Last post: Doc83, 13 Jun 2024 12:10
"Doc the difference is MATD is not at risk of being confiscated."
This is still Mongolia, a third world, corrupt country if ever there was! While unlikely, there is some risk.
Doc the difference is MATD is not at risk of being confiscated.
Putin will take western assets if the G7 pass the bill to use Russian money for Ukraine.
The G7 are trying to cause a huge panic in the market by using Russian money to fund Ukraine.
India and others have started pulling their reserves out of the western countries.
"It’s Matd time imho gla"
As you're not someone who typically ramps, that means a lot... :/
Doc and you are still here after so many years 🤣how many posts this month 🤔
It’s Matd time imho gla
Master, people have been pumping MATD for years, and we're down over 1, 3 and 5 years!
Started: Growmorecash, 13 Jun 2024 09:41
Last post: Growmorecash, 13 Jun 2024 09:41
You're hearing a lot of voices in your head aren't ya...here and Matd, for eg. lol.
Feeling left out ?? Want a cheaper entry price??
Or just a piece of scaremongering work ?????
Started: GKahn, 12 Jun 2024 11:44
Last post: GKahn, 12 Jun 2024 11:44
At start-up of the Mongolia refinery, scheduled for some time in 2026, there should be adequate crude oil already in storage. Depending on the time of year for the start-up of operations, this could be as much as 90 days’ supply. As an example, at 20,000 b/d of refinery thruput, this could amount to 1.8 million barrels – a substantial amount of crude oil to be sourced pre start-up from block xx together with crude from Petro China’s blocks. Moreover, the refinery will have to be operationally viable based on a minimum of crude oil availability on an ongoing basis. Whether there will be sufficient crude oil production is very questionable. However, if the prognosis is favourable, the Mongolia government should ensure that the pipeline from the blocks to the refinery and adequate tankage is operational as soon as practicable so that the pre-fil can commence. With proper planning these facilities should have been ready to receive the oil TODAY.
It looks likely that the delay in getting the land use permit has comprised the timing for DQE’s drilling of many wells. Such further consequential delay in getting significant crude oil on production will be damaging for Petro Matad and for refinery viability.
Started: MongoliaLolLol, 12 Jun 2024 11:24
Last post: MongoliaLolLol, 12 Jun 2024 11:24
It’s coming or it’s not coming
Stop acting like you know about no matter what side you’re on, you clowns
Started: ManxKippers, 12 Jun 2024 10:12
Last post: ManxKippers, 12 Jun 2024 10:12
Whilst this seems to be quite Spanish in that the lack of news gives a sense of a relaxed approach with the thought of "Why do today what you can do tomorrow" approach, I am sure MB and the team are racing around getting the mechanics all cranked into action.
Mobilisation will take a few weeks. Once this thing is functioning, it will be a mega tanker of a business that will grow bigger and bigger and with that growing momentum, it will be hard to slow it down.
All hugely exciting.