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Good afternoon Silv...I believe that Turcan's buying is a good indication as to how this is progressing..We all know from years of experience that this self serving BOD know a good thing when they are on to it...His milking the last drops is in keeping....and for once serves as an indication to us...
Its something of a sluggish reaction by the market..Typical basket case AIM Clueless and needing another market to direct it towards it's TRUE value...We await the opening of the real market.
Something of a transformational RNS this morning.I believe this will move the company valuation into a different orbit over the coming months...
The additional clarification questions as RNS d in May were probably not expected ,and have caused delay..The Q2 expectation was a reasonable expectation that clearly will run into July...
Some of the anxiety is related to the long history of non performance by this company,predating MBs time.
Clearly ,the EL will be granted ,and within a very short time...Some of the questions I'm being asked via e mail etc are simply rediculous...Tomorrow is being presented as a do or die day by some....Just sit tight an wait...imho...
Mantasz...Many thanks for your excellent posts...
This has a buzz about it now...When a share you have held a long time starts to be mentioned by investors in non related shares ,you know the corner has turned...Long way to go for me to get a return ,but steps in the right direction will do.....for now...
EL is obviously a critical moment for the company y and its investors...almost two years in the waiting for something that even the less optimistic expected last year..Where the SP goes from here will depend on whether we have a strategic partner and how well advanced plans for production are...My intuition tells me that we have probably lost a chance of revenue this year..possibility not..again ,how advanced is the progress...? Assuming that I am correct ,I only see a limited upside on EL...a substantial one ,but limited to around 12/14p range...Longer term this is an amazing prospect with vast upside...All conjecture at this point,however ,I will want to see that MB has been productive and advanced our business prospects beyond merely the EL...
Good morning Silv...I wish you a speedy recovery and hope for us all ,that good news is just around the corner.
Greetings all....Another week.of watching paint dry,but a week closer to the end game too...
I had a call from Taproot ,prompted by mention of his name here...He had his account suspended for calling out the corrupt goings on by an AIM CEO, a few others were also suspended for supporting his stand...He wishes he had received that ban for a more aggressive stand against Hall and Salazar...He did call them out long before they were sacked, credit to him for that...he was totally right...
He sends best wishes to all and still holds half his original amount...atb
With the certainty of an EL award ,be it days or more ,this is a no brainer investment with a minimum 50% upside on the RNS ... the market can bring it down all they want ...I will pick up as many as I can...
It's strange that we havnt attracted the usual suspects and subsequent herd ..refreshing too...as this must be the easiest play on AIM at the moment..absolute bargain price.
I'm all for optimism ,however ,I do not see 50p as a possibility until production is well established and at an oil price in the present region.Much will depend on what kind of deal MB is able to extract(probably a pretty good one) but even with that in the bag,I would be pleased to see 25/30p by year end...that would represent an amazing return on where we have been for the past two years...I'd be more than happy with that...
On EL I'm expecting 12/15p.with a business plan for production upto 20p
I'm not sure what relevance that has ,but EL is what it is all about...further to that we will be up against it to actually be in oil production this year.
With regards to SP..An absolute gift at this price.
Excellent...Mike Buck has had much to contend with in the past two years,investors too.. Now there is just a rubber stamping to complete this marathon...a few more days imho..
TSSZ, Exactly right..I've been adding as it drops...its a gift at this price with transformational news dropping at any point.
I would suggest ,that many of us long term investors are clouded by past disasters .For sure this EL process ,has been a long and exasperating grind ,but we know that we are not far from the finish line.I try to.think like a one year investor rather than a six year one...atb
This has absolutely nothing to do with the granting of EL.Its an expo...and understandable that large numbers of people are unwilling or unable to travel to it in this period.
I'm.a.little surprised at the sluggish SP ,given EL could be RNS d at any point from here on.Clearly the heard havnt caught on to MATD's pending EL or the subsequent production revenue..
I expect to see around 12,5 p.on EL ,with more ,depending on the funding details...atb all.
Of course MM's will.play their games by hitting the stop losses,but they get all the help they need from PI investors buying high and selling low..We all know that the EL is coming ...just hold for that and dont get distracted .atb
Good morning Silv.I largely agree with your analysis of the 2020 accounts,however they stand as a reflection of the incompetence and smoke and mirror deceptions of TH and MS....In my view Godaddy have taken this low point to put in a fire sale offer ( good business on their part )that has been accepted by IIs that have had enough of the jam tomorrow promises.
The sooner it is done and dusted the better ,as you say. But ,how much would it have taken to bring revenues to the $20m and over mark....My feeling is that it was achievable with the right team and will...
I believe that SjLs.absence from this BB reflects his involvement in future plans ,plans that should provide some comfort for investors..atb.
The 8.2p starting ask was never really available ,to me at least.Im looking for a return to 9p + today ,and we still havnt had the 'crowd" effect yet...looking forward to double figures very soon
Atb