Member Info for Adw198

Put or shut up.

You’ve go no evidence because there isn’t any. You just can’t cope with people having a different view, hence the toddler tantrum.

tenbag how about you back up some of these accusations? how about you “quote” a single lie i’ve told? you can’t because i’ve not told any. you just don’t like my opinions. i only have 1 account here so unlike you i dont have multiple aliases. you don’t know anything about me, least of all my address. apart from the fact you’re a touch unhinged i couldn’t give a flying. ******* even if you did. adw are my initials - my name is andrew walsh if that helps with anything.

it’s not me who runs a ramping telegram group and not me who follows people to other board with the stated intention to disrupt. i know you’ve spunked a wedge of cash investing here but grow up a bit. calling for the fca or “government” to investigate this message board because adults say things you don’t like was hilarious. especially given the amount of nonsense and lies you’ve told.

anyway, you’ve got my name now so if you do identify me then the continued false allegations may stray into libel.

and to the rest of you who kiss his backside just because he’s a biased lunatic - shame on you. @thorn you should be ashamed of yourself supporting his antics by claiming he’s one of the top 5 trusted posters here. if he’s your poster boy then what a sad state of affairs.

Tenbag said

“Fact is, people pushing a placing are being disingenuous imo. They don’t know. But still push that”

Not sure who he’s talking about as he never “quotes” something specific. But my own position is simply to state the cash balance / burn and highlight money will be needed, almost certainty by end of H1.

People are allowed to disagree with that. Even those who said they expected £5m -£10m winter revenue and a 2025 dividend.

Keep trying lads

Have been on the sauce Thorn?!

1.325p and you’re acting like a giddy lottery winner.

Decent rise tbf, the (pre raise) bottom might be in.

Classic Proquo. Asks a question of the people he’s filtered and then complains he’s not read the answer.

I don’t know who (else) isn’t invested. I’ve been honest that I’m not, but I was previously and you didn’t believe that either. I’m here because having lost money I have an intellectual interest in the company. I believe I know a lot about it now. I sold at 1.81p and said then I expect it go higher than that in the future. So now it’s down at 1.25 I’m considering a reentry.

I also enjoy pointing out the lies from the rampers.

Thorn, please don’t take offence as being described as desperate - that’s honestly how your increasingly one sided commentary sounds, especially the Friday fomo post.

You yourself said to someone it might be sensible to buy some now and some post a potential raise to another poster, so I’m just giving you your own reasoning.

With all the pathetic name calling that goes on here, it’s pretty funny you object to “desperate” claiming we’re

all adults.

Is that really how you think the like of Tenbag behave?!

If there’s no raise I’ll be proved wrong. I’m fine with that, we all have opinions and we all get stuff wrong. My opinion is supported by research rationale - it seems we went through $7m in H2. Deduct the drilling and it still shows a cash burn that if repeated H1 25 would mean we wouldn’t last till September latest. That’s just the reality of the released information and we can all take a view from there.

Thron you’re getting desperate mate. Nobody as confident and relaxed as you claim to be tries to drum up Friday fomo like this

“is Friday after all and that sales agreement RNS is due to drop.

Why wouldn't you want to be 'in' before that dropped?”

But to answer

1. Because it might not drop as it’s been delayed previously

2. As you yourself have said, there may well be a further drop if there’s a raise.

Proquo used to correspond with me extensively. I told him I’d never post again if he could quote just one “lie” I’ve told.

Instead he called me some more names, filtered me and then logs on to complain about the content he can’t read. Another sharp cookie.

As I say Abzzba I think you’ve lost your way here. I never said $300k monthly expenses it’s what YOU said

“End of year 2.5 million in bank, stored oil worth around 1.4 million today based on Brent price less 5%, monthly costs circa $300,000“

Please explain what the $300k was about?

Abzzba you told us this about H1 in October so youre not really the expert on it

“H1 starts producing within the next 2 weeks, initially around 300 bbl/d increasing to 400 bbl/d in a couple of months, we may even see more than 400 bbl/d once the geology and down hole conditions are better understood“

Abzzba I don’t think you know what you’re asking do you mate? I’ve sent the links that explain the cash burn. It was $7.5m unless the progressive report was wrong about the $2.5m end of year balance.

You told us expenses were $300 a month but unlike me didn’t explain where your sums had come from.

You’ve lost me Abzzba. Which opinion do you have an issue with?

I’ve given the facts and added that the cash must be running short with that burn rate.

Genuinely, what do you want me to explain for you?

Yes here’s the link to the RNS I just told you about and “quoted” from.

https://www.lse.co.uk/rns/MATD/interim-results-for-six-months-ended-30-june-2024-zave0viej7r2kbf.html

But I’m surprised you need me to prove there was a circa $9m raise.

Yes sure - I have explained all this more than once but I’ll do so again

I don’t have a link to the broker report but I’m sure WOS can find it. That’s obviously their opinion re the $2.5m so you’re welcome to challenge that part.

The results RNS from 19th September confirms

“The Company's cash balance at 30 June 2024 was USD 1.93 million (USD 0.77 million in cash”

“As previously announced, a successful fundraise totalling USD 9.4 million of gross proceeds was completed in July 2024“

So know we’ve established the FACTS do you have any feedback on my summary?

I do Abzzba.

If the broker note was accurate about the cash position ($2.5m) then that means they went thru circa $7.5m H2 24 because they had circa $1m cash before the $9m raise.

Money must be running very low with that burn rate. .

I’d prefer a buy back to dividend. Nice choice to have though.

Nope absolutely nothing to say about renewables I have no idea what the business model is, no idea one the expensive and definitely no idea when it might potentially generate income.

I could ask, but I know you don’t like answering questions and I probably wouldn’t believe whatever unicorns and rainbow story you came up with anyway.

20p by December though, definitely all fact based posting mate. :)

“All posts and opinions backed by facts and links“

Brilliant, Thorn. Right up there with your attack on people posting price predictions. Like your mate WOS has just done, opting for a conservative 15 bagger within 11 months. But then he thinks MATD are fully funded for growth like he thought a massive renewable RNS was coming in December.

Keep trying lads.

What’s gone wrong is they raised 9 million dollars (the likes of WOS assured people wasn’t needed) to try and get self sustaining.

However, H1 came on much later than hoped and H2 didn’t come on at all. Gobi was underwhelming and not a judicious use of $1.5m given the rate of cash burn. H1 has also massively underperformed against expectations. For example, our resident industry expert Abzzba gave his projections as

“17th oct

My 12 month look ahead.

H1 starts producing within the next 2 weeks, initially around 300 bbl/d increasing to 400 bbl/d in a couple of months, we may even see more than 400 bbl/d once the geology and down hole conditions are better understood.

H2, well test results are expected to be favourable and commercial, given we have till around the end of November to complete the well and bring it online we should have production from H1 and H2 over winter months. H2 production guess would be on or around 300 bbl/d, this gives us a minimum of 600 bbl/d initially and my guess is around an average 700 bbl/d average in the next 12months (trying to be conservative here)”

200bopd against his 600bopd winter projections!

5p by June though, he’s pasted over a dozen times so that must be fact, right?!

:)

Hey Abzzba

Do you remember saying this on 29th October

29th October

“H1 now producing, initially we heard 300 bbl/d but this will increase output in a month or 2, standard oilfield practise to start a well off slow, this equals revenue over the winter period”

And here we are not 1 or 2 months from there, but 3 and a bit and we’re producing 200bopd.

And you’re happier than ever. Go figure!