Member Info for bonum

Thank you for the maths - you do realise that if you factor in the volume on a normal trading day and take in the number of shares being disposed of.....then the rate of disposal affects the prevailing share price within the timeframe for said disposal.

That doesn't even factor in the effect on STOP LOSSES being hit, as we saw with the disastrous plunge off the Share Prophets article.

Simple maths calculations don't transfer in the way you suggest, in 'live market' scenarios.

Atb

That's been my strategy and very comfortable indeed, applying it to this particular investment.

Atb all

So you don't think the share price will be negatively affected at all.....or the 7 month wait to drill mobilisation impacting said price in any way?

Does it really matter if the 'price is heading down' over part of the course of a trading day or other shorter timeframe.

If we ALL have accepted this is heavily undervalued and your own estimate of 12p by the years end, what's the issue with normal buying / selling within singular trading sessions?

Given the wider market recovery from previous lows and other stocks appreciating off their own lows....along with a (slowly) recovering oil price, certainly not surprising to see the MATD price buying up.

The limited amount of stock tends to impact price moves harder here, so certainly a lot to look forward to with renewed sentiment building up.

"The keyword in Bahamas Private Family Office Investor is... INVESTOR."

With the greatest respect PoC, not on the outcome of a drill, irrespective of CoS etc and given other opportunities to drawdown.

This is a straight opportunity to realize significant profit off the 1.27p discounted price and mitigate Risk going forward - these Families acquired wealth by judicious risk management.

Atb

Indeed and stocks that are heavily undervalued, as we all agree MATD is, tend to build up sentiment and associated value prior to news.

In this case, the RNS should significantly Re-rate this to a multiple of the current price as consensus suggests, so the bolstering of sentiment now is hardly any surprise - especially given the previous oversold situation off the Covid / OPEC issues.

This price rise and renewed buoyancy is just the start, imo and why I didn't have any issue purchasing stock at c.3.2p - I expect it to be much higher soon enough.

Atb

And of course we have the recent short term traders exiting with profits over the next few days.

That's why its best to switch off the screen sometimes......

"The Company has now received a conversion notice in respect of the remaining balance of £1.535 million, at a conversion price of 1.27 pence per share, and, pursuant to the terms of the Facility, the Company will proceed to issue 120,866,141 new ordinary shares (the "Conversion Shares") to the investor."

"Application will be made for the Conversion Shares to be admitted to trading on the AIM market of the London Stock Exchange, with admission anticipated on 4 June 2020."

The problem lies with an impending 120M shares being issued @1.27p and the timeline for mid Dec to start rig mobilisation.

That's compounded by a large part of the recent rise being fanned by Zak Mir and the mass of 'Traders' who follow him IN & OUT.

It's unfortunately the case but irrelevant for those holding to late 2020/ early 2021.

You'll pay significantly more on the RNS release and compounded by the relatively low number of shares in issue.

Best to refer back to Mike Buck's interviews on the company and independently asses whether this Company is undervalued or not - much better than random accusations of a p&d etc.

Atb

Hopefully it treads water above 3p, as many will likely have STOP LOSSES set just under that level.

What we don't want is a mass triggering of such, causing the type of spiral we saw during the Share Prophets fiasco!

A pleasant one BB - but we're well aware of the newer higher levels this should eventually trade at.

Atb

A Profit soon Loz and certainly a likely high multiple, when the Exploitation License RNS is released.

Atb

Bought some more and had it straight to NT btw - can look up the trades to validate if need be, but paid the full 3.2p via a Fill or kill order.

Atb all

All adds to the bottom line and indeed, the attractiveness of PetroMatad to other parties.... most notably PetroChina.

Although they already have agreements in place regarding operational co-operation etc. - first things first though, before we look at an eventual Buy out for MATAD or some of its assets.

Very undervalued atm.

Indeed Rtech - the Prospectus RNS should be next.

Reading that again, I'm not suggesting any 'near term' re-rate will be 0.2p - only that Zak Mir's projections feed into the view of a significant near term Re-rate.

Atb all

Yes, certainly was the case (and possibly could continue), but some significant newer developments have changed my perspective somewhat.

However, won't discuss it further here of course and still doesn't negate the highly speculative nature of that stock.

Atb

Zak Mir just made a prediction for COPL too Phoebus and looking at a multiple of the current SP.

As I posted on the BB there (and mentioned here), everyone will have their own perspective on Zak Mir and TA generally.

Very excited about MATd going forward and with a much larger position due to relative risk factors, the company already having a high quality oil asset next to PetroChina's major field.

Atb

Refer to the link posted and Zak Mir's technical assessment underpinning such.

Everyone will have their own opinions on such technical indicators but certainly feeds into the reasonable expectations for a significant near term Re-rate here.

Atb