The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Macd_91 do you have any thoughts to share on the likely success of red deer?
Interesting thoughts macd_91 thanks for sharing your views. The old adage, no smoke without fire, springs to mind here. Why would a local provincial office be bothered with slowing down heron if it was going to be a duster? Shenanigans are being played here but in a perverse way I think it also indicates that heron is onto something special and people on the sidelines want in.
Sad to say it but I agree with you Flava. If Matd have followed all the statutory requirements as their rns indicates then this is a left field objection that has little legal credence. Hopefully with the support of central government Matd can sweep this silly objection aside and carry on.
Well no once could say investing in this share was boring :) My heart definitely leapt into my mouth when I saw the drop today but I've taken it as an opportunity to top up, so I'm grateful for that. With the knowledge matd's board has on Mongolian legal matters plus the huge stakes that a successful Heron represents for a successful Mongolian oil industry, I don't see this as being a lasting issue and hopefully will be one that gets resolved quickly.
Well I'm of the view that on heron strike we will see c.20p in the share price, which would be a fair reflection of petro matd's efforts in securing a successful result at heron and of the likely fact that the wider area will become de-risked for follow up drills. IMHO
No reason why that can't happen blissful! Hopefully a blockbuster summer ahead to reward all shareholders.
8% up according to google! Re-rate in effect all :)
Good to see we're all thinking alike Blissful and Flava :) Heron is a very exciting well and definitely one of the primary reasons I invested. Gazelle looks interesting and red deer will be massive if it hits, but heron is by far the most likely one to strike based on the data they have.
Hi guys. I thought it might be fun to have a discussion about Heron's 3d seismic. If you look at the most recent corporate presentation, Petro China have recorded oil discoveries at T19 461, T19 463 and T19 121 and T19 122, all of which sit along the border boundary from where Matd are drilling Heron. To have discovered oil in such a prolific way, it seems almost inconceivable to me that matd won't find oil at Heron, given that they are 1.1km away from the petro China's discoveries, and are on the same incline that oil was found at T19 46 3. Plus they know that oil is present in the area having analysed results from DT4 all those years ago. Does anyone have any further thoughts on this? I know Mike has quoted 75% cos but on the basis of all of this info I reckon it's a lot higher; all IMHO.
Fair enough spike912. Humour I guess has been difficult to hold recently considering the recent sp activity from the heron rns but hopefully that will all soon be reversed as we move ever closer to the results. Best of luck!
9p if the company confirms that they've found oil? Haha thanks for the laugh, I needed that.
Hi Blissful, I agree with your comment. Mike has stated in his interviews that in the event of discovery a separate rig will be brought in to test the flow rate. So the order of business seems to be; 1) this initial 40 day period to get the drill to target depth; 2) hopefully inform the market via rns that oil has been discovered; 3) bring in a separate rig for the testing phase.
Morning all, hope everyone had a good weekend. I'd expect the Red Deer rns to drop in the next few days which could see us moving north again. Exciting times ahead.
Feels good to be here Ojay and Donkee. I'm looking forward to celebrating Matd's success with you both this year :)
Much appreciated Dozzawba :)
Lots of bears out trying to sow doubt and fear I see. I quite frankly think its hilarious and the motivation for their posts are pathetically transparent. Regarding a placing you can only go on the facts the company has given which is that they are fully funded! It's been repeated time after time over this year. And if they were to raise, then it would have been prior to heron, certainly not during the drill which would ruin sentiment. As others have posted, there are other ways for the company to acquire funding without a raise. The most obvious one is via Petro China and its clear that there is collaboration between the two companies as evidenced by the fact that petro china gave their 3d seismic to matd. I also believe that the company are very confident that heron will strike and so have not needed to raise, as some have suggested, as 'insurance'. I just hope holders haven't been persuaded by the derampers here to sell as their comments are designed to achieve one thing.
Agree completely moveonup. The only silver lining is that it does show there is interest in matd and eventually we'll be allowed to soar to true value.
Morning All. It's due to be the hottest day of the year in the UK today so let's hope Matd also gets to experience blue skies :)
Hope everyone is doing well guys. Well, nearly 2p down since the rns which to me is completely insane without bad news to justify it. I suppose if nothing else it demonstrates how fickle the average aim investor is. But if it can go down this fast, it can also go up at just the same speed. For all those who doubt, do your research by reading the RNS's, corporate presentations and seismic data Matd have of the prospect. I personally haven't sold and believe in Heron.
According to Lse, volume bought stands at 1,252,390 whilst sold is at 1,036,671; yet we're down. Shows that interest is definitely there and I wouldn't have thought the price will remain low for long.