Member Info for Adw198

I posted about the costs and then got the usual barrage of personal attacks - this time from the massive charting failure who thinks it’s ok from him to attack people but can’t face anything highlighting his comical U-turns, all underpinned by huge losses.

If you want to talk costs revenue and funding let me know.

Yep it’s well documented by the self styled charting genius that

1. He’s miles underwater here

2. He’s bought more to try and average down (but not at these levels!)

3. This is the only share he holds on AIM

4. He wants to leave altogether (no wonder given his track record)

5. He wishes he’d never heard of MATD.

Yet here he is attacking those like stockmaiden who criticise the company.

Funny guy (or should that be guys given his seemingly split personality)

Anyway, because the loss making MATD and its need for cash just to keep the lights on…

Which one Abzzba, the one about costs that nobody wants to discuss or the one in which I defended myself against the character assassination by Captain Hindsight with his “I should bought when lower and sold when higher”?

and for full transparency (and again as mentioned) i absolutely take delight in the likes you, proquo, wos, tenbag (his alias margaritas), gravy train and velo all being miles underwater because i think you’re lying scumbags with misplaced arrogance and an inability to hear anything other than a relentlessly happy path. i’m sure you don’t wish my investments well so you can get down off the high horse you ******.

I was previously invested as you might recall because you used to converse reasonably until I queried your hindsight charting theory. I’m now emotionally invested because as you’ve highlighted I’ve (always) spent a lot of time here. I want to buy in again when the time is right, just like you want to sell and leave AIM, despite those magical charting skills.

I also enjoy correcting the many lies and liars we have here, especially those who gave me and others dogs abuse. Looks at you attacking stock maiden and mocking his choices on another share - for no other reason than vindictiveness.

I work from home so have plenty of time but as I acknowledged yday I do spend a lot of time here. Obviously my name gets referenced most days by the likes of proquo.

Do you have any views on the post I made about costs and revenue or are you just taking time out of your day to play armchair amateur psychologist? What’s your average or are you too scared and embarrassed to say whilst mocking others investments? How about you practice what you preach - or at least concentrate and your exit strategy given you wasted 6 years of your life and money here, the big lesson you’ve take away is to steal someone else’s observations about this being seasonal?

@Investor

I post for the reasons I’ve explained several times. Given you’ve raised me being repetitive I won’t add to that mix. But rather than attacking those who don’t follow your comical hindsight charting, whilst you yourself are miles down and wish you’d never heard of MATD, why not just address the substance of the comments on the company?

“Petro Matad's day to day costs are not large”

Well we don’t know what the day to costs currently are. 2024 H1 $2.5m was spent on what seemed to be routine costs, ie I’m unaware of any major items such as the drilling that occurred H2.

Renewables spending will presumably have increased given they referenced some of the raise was for that. We’ve not added more blocks and are told there is ongoing analysis on H2 and Gobi - unclear if this is all in house. There’s also the H1 Opex to now consider.

So is a hugely conversation $5m a year running costs per year tea and biscuit money as Thorn has previously claimed? It perhaps depends on revenue. H1 appears to be generating REVENUE of circa $600k per 80ish days. So it’s clear that MATD is still losing a 7figure sum, from which it needs to speculate on more wells to accumulate more revenue. Which means it most likely needs a raise. Or a bailout from the same Mongolians who didn’t rush to sign off the agreement. My money is on the raise.

Header doesn’t indeed say it all on this occasion! The only ones who brag and offer certainty here are those most underwater.

It’s fair to note I’m currently invested and certainly spend too much time here. It’s certainly not to short or get a lower entry by trying to influence the price. I’m intellectually invested having lost a few grand, but now have a knowledge of the investment case and will buy in when I think I can make money. But yeah it’d be better to focus on what I actually say rather than 2nd guess my motives.

He was expecting 4 times the revenue than we’re actually (not) receiving - why would be happy?!

In that time the SP has dropped even lower, so he’s even further

underwater. Just because these people come telling you they’re happy, don’t assume that’s true Hamm. Perhaps they’re having the same meltdown you did last week before changing tune - again.

Welcome back Velo.

I’m surprised you’re so upbeat given in November you told us “1.3M USD revenue being recieved per month” and here we are 2 months later having not received a single penny, but with the stockpile being worth HALF in the DOUBLE that timeframe.

Imagine how positive you’d be if things had gone to or even exceed your expectations. :)

This is what investor said a couple of months ago before his latest Uturn into an attack dog

“if I'm honest, I wish I had never heard of Matd, and I certainly wish I had bailed out when mildly in profit back in early June last year”

Only share he hold and is massively down yet sat there handing out advice.

@Hamm youre too stupid for me to waste me time with.

Yep rather than discuss / debate the company they all turn nasty and personal. Bringing up other shares just to score points and slate someone particularly scummy.

Investor mocking losses when he’s so touchy about being massively down here says it all.

FWIW I’d also see 5p as being very reasonable IF all those things come true. They can’t be expected with any degree of confidence though, as it assumes the best possible outcome in each area.

WOS, Abzzba, Tenbag all working hard to defend the company - despite all of their expectations being miles out.

Are there any circumstances, ever, in which these clowns would ever express slight disappoint with the company’s pretence?!

Nobody here has a clue what’s involved in getting a sales / export permit. The fact it’s bizarrely been airbrushed out of the process might mean it’s an already approved formality, or it might be the next excuse / delay. I marginally lean towards the former.

Captain Hindsight Aka Investor seems less happy these days. Is the retrospective charting not going as well for him

as the guy in ADVFN who he copied his theories from?! :)

“At current oil prices the Block XX crude already in storage will generate revenue net to Petro Matad of circa $600,000”

But Abzzbas got his own ideas

Inscribe how quoting a company statement is considered distorting figures

“At current oil prices the Block XX crude already in storage will generate revenue net to Petro Matad of circa $600,000”

Abzzba says it’s worth more but can’t explain why a CEO would under quote figures. I reiterate I also find it odd given what he said about the price of oil but that statement doesn’t seem to be ambiguous. A very valid topic for a message board to discuss - if only we could find enough adults to contribute.

@abzzba I know you were unable / unwilling to address this yday but the RNS was a bit confusing on what the oil is worth because it also said

“At current oil prices the Block XX crude already in storage will generate revenue net to Petro Matad of circa $600,000”

If you’re saying it’s worth more than that as current oil prices could you explain the statement? Anyone else welcome to answer too - I found it odd

Thanks Doc, makes sense - especially on the MG / PC deal concerns which I recall you expressed beforehand, ie I can see why that was particularly positive.

In terms of positive (or negative) catalysts I think some Gobi or H2 news would be significant either way.

Renewables I sense nobody understand the costs, returns or timeframes involved but I could see a short term punchy release.

H1 doesn’t seem to have any potential upside till spring.

Funding - obviously this will be the biggie and it depends if you see a JV / government assistance OR a discounted raise as more likely.

Having sold at 1.81p I’m getting tempted by a cheap re entry for a trade. If I do EVERYTHING ive raised a concern about will still stand and I’ll continue to give honest views.