Member Info for Adw198

some typically mature replies to a calm post addressing risks.

thorn isn’t quite as ****y when he can’t divert the conversation onto other people’s others stocks.

“Why wouldn't it happen?“

Same reason it’s not happening this year. They can’t afford to fund producing wells. If they can’t find a partner what happens next?

Personally I think they will find a partner or buyer. But the partnership or buyout will be on terms that reflect the position of both parties and particularly MATD’s perilous financial position.

“E-signature or not us not (as big) deal as some here like to make.”

Yet Thorn tells us it’ll lead to a near doubling of the SP to 3p. Debate that one amongst yourselves.

“The 'purchasing party' will be aware that if they want it they'll need to offer more than either of the other two 'entities' that are in discussion too!“

Agreed, if there are 3 entities looking to buy the field that it is. My understanding of the RNS and AGM was those entities are discussing JVs rather than full field buyouts. I do think the latter is very possible though, just not for these bonkers figures.

And I can assure you the purchasing party would also consider the MCAP of the company with the one asset they’re buying.

It’s how real life works.

The discussion / comments I quoted were the speculative ones between Investor about a possible sale price of Heron.

I think those expectations are out by a factor of at least 10.

You tell me, you’ve said there are fixed metrics.

My point is businesses on AIM don’t sell single assets for 15-28 times their total MCAP. Especially ones in such a poor negotiating position with dwindling cash and no current route to market.

I’m happy to be proved wrong with any examples and / or if that happens here.

I suspect there’s more chance of Elvis landing a UFO on the head of the Loch Ness monster or WOS making sense than that though

“The metrics by which a Field is 'valued' is fairly standard and is being done all the time”.

I doubt there’s ever been a deal in AIM history where a single asset has gone for multiples of the entire MCAP. I find it staggeringly naive (or deliberately misleading) to pretend those valuations have a shred of credibility or realism.

22p-42p for Heron?!

I think expecting an offer for 1 asset that’s 15-28 times the entire current MCAP is beyond fanciful.

Is that really something you think is viable and credible Wigster? Or have I misunderstood the numbers?

“Petrovis should simply up their stake in the company at the current open market price.“

Sure, or they could get another 45% discount in a raise. What would you do if you were on the Petrovis Board?!

Honestly you need to look at how the world works, not how you wish it did. We’ve been here before when people tried listing all the options for funding - and then the company themselves said they didn’t have these magic solutions.

Afternoon Investor

Yes well done in flagging a minor typo.

How different things were when you hadn’t had your personality transplant last October when you said

“Adw198 ; clearly you take an objective view of this share and the pros and cons. That's called doing due diligence.


I tend to agree with your take on the likelihood of another raise post H1 and H2. I used to argue with someone called ' professional ' on here on the grounds that there wouldn't be another raise following the granting of the LP. Well, I was wrong, and it taught me a lesson”

Couldn’t have said it better myself mate but what changed?! :)

Says a lot about WOS desire for sensible company chat that he sets up a header like this. Just desperate for a playground to cause chaos in as opposed to sensibly discussing the current position. Eg I’m wondering how much % of the cash to hand would be needed for Heron 1 repairs. Genuinely it’s pretty risky to spunk what I estimate to be 30% upwards of entire cash remediating the 1 producing well when you can’t sell the oil.

Best hope is PC are awaiting the remediation works before making an offer. Otherwise a raise is guaranteed imo.

It’s not a lie Abzzba. Full quote below…

“Anyway, I’m so confident they’ll be a raise that I won’t post here again till there is one, especially given there’s little sensible chat. Please try not to bring my name up with lies like Investor though or it might tempt me back to correct“

It’s upto me if I post. You aren’t confident enough to do a deal about whether they’ll be a raise. Which tells me you either accept there will be one or are too addicted to the board you couldn’t cope without it.

Anyway, looking forward to this playing out

Morning WOS

Well I said I was that confident of a raise I wouldn’t post unless my name kept getting brought up. Which is has. For example you immediately replied suggesting I was going quiet to build a position. Yeah that makes a lot of sense - if I really thought anything I said here made a different (I don’t) then why wouldn’t I just pivot to parroting your nonsense?! I won’t be buying till they sort their finances as the cash has been confirmed as tight. MB said it’s right, WOS says they’re fully funded for growth. Pick who to believe.

The other highlight of my absence was Proquo insisting there was no delay, lateness or otherwise issues with the failure to sign a deal to sell the oil. The deal that was targeted to coincidence with production (October), then the market was told it was “excepted” in February, before CEO referenced “further delay” and it being “long overdue”.

There could be a sensible debate around why it’s not been signed and is long overdue but you people can’t even accept the basic facts and have to argue everything rather than just concede anything.

I’d also like to re state my appreciation to HarChris (and BBN) for their brilliant analysis here. Top work fellas!

I took some profits today but mainly a trading pot and will immediately buy back if it dips. I expect there to be a minor pullback just because in my experience stocks rarely go up in straight lines. If it doesnt that’s certainly not a problem either though!

To be honest I initially expected to sell more at these levels but the dividend did change my outlook because as others have said I was struggling to find a better place for my money. Our American friend’s continued absurdity has given Gold every reason to not only consolidate but kick on and we got all that exploration potential still to come.

What a week!

“It's one thing for the negs ( like Adw ) to bleat on about the 1.4 billion shares in issue”

Not once have I mentioned the number of shares in issue. You’re all so obsessed you just invent a strawman to argue with because you can’t deal with the truth.

But there is a reasonable underlying point about who holds the shares. It’s definitely a volatile share which I suspect is what makes it appealing to lots of us.

Anyway, I’m so confident they’ll be a raise that I won’t post here again till there is one, especially given there’s little sensible chat. Please try not to bring my name up with lies like Investor though or it might tempt me back to correct.

Oh and thanks for the absurd attempts to talk down Thx Tenbag (Margaritas) and Gravy - only 50% up since you started with your BS there a nice 10% divi coming too. I’ll be thinking of you both when I’m making a massive mortgage overpayment.

“Yes, could well be a tickle of Fomo as we head into the weekend”

4 trades worth just over ten grand - all well under your average and you tout Friday fomo.

Sensational stuff :)

Tenbag, my other big lesson is not to get sucked into spats with blatant idiots. I can’t quite work out if you’re a real investor who is just over their head or somehow linked to the company but you’re ramping is as unsophisticated as your spiteful attempts to talk down Thx - up circa 40% since your sledging there.

I won’t filter you because it makes following a board hard but I certainly won’t engage with you again.

Hopefully you get everything you deserve health and wealth wise.

I relistened to the AGM yday and did get the impression a PC buyout of Heron could be a goer, which as mentioned would partly explain why they can’t / won’t sign an agreement. This would be VERY POSITIVE for the SP in my opinion, albeit it would be for fractions of what some of the loons here might expect. It would be no more than the current MCAP to my mind.

As for the idea the company have rebuffed potential suitors the RNS makes it sound like they’re the ones trying to find a super, not the other way around.

“The Company is targeting financially and technically competent companies with a view to secure an injection of capital investment to drill new wells to accelerate production ramp up and so enhance value. Discussions are ongoing with three entities at this time”.

My ego is sufficiently balanced to be able to admit I’ve lost money on MATD and AIM generally, but I’m beginning to learn my lessons and turn the ship around. Companies that need funding need to be avoided and that’s what the current position is here. It’s why none of the ultras want to discuss the finances but instead dream of MASSIVE INVESTMENT headers and covering wealth funds. Hopefully not too many have been conned into losing by these clowns.

No Alan, you’re quite right I don’t know that for a fact.

Given the longevity of most posters here and the current SP, I think it’s a reasonable short hand summary but some might be trading it differently to what they publically say.

Let’s take you as an example - what’s your average please?