RE: MATD - Near Term Rns's11 Nov 2025 10:53
Thanks Investor, we appreciate the hindsight “if if if you’d sold at the highs you’d make money” posts.
We’re now a week on from the RNS that the same old suspects told us was great as usual. The initial drop was apparently just MM manipulation trying to trigger stops.
Then it was going to rebound the next day, they said. Infact we’ve seen a quarter of the value of the company disappear.
And where’s the positive catalysts?
H2 could come good, but what’s the likelihood of that having spent 10 weeks time and money most probably trying to polish a turd?
PC could suddenly decide to amend the wording of their own existing contract, in a way that means they have to start paying us in full as per the terms of that contract - and also hand over a 7figure sum of backdated underpayments. In the context of them taking 3 months to purely sign the last one and their widely acknowledged gamesmanship, good luck with that one!
Renewables - well nobody (beyond the Owl) has given any indication a deal is close and likewise I don’t envisage a farm in deal imminently with so much uncertainty over the performance of the wells. If it was close, why not tell the market that and put some pressure on the other interested parties?
Absent of one of those catalysts they’ll need to start planning next years work programme and budgeting. How much can they reasonably expect from H1, noting it’s continuing declining output, a performance they still tell us is “comparable with some of the better producers in the basin”. Worth bearing that in mind when the rampers are making their hilarious predictions on production figures across Heron.