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Thanks MrDexter. Wasn't me on petroceltic.
Matd was my first investment and I know that Ojay and I and a few others were the only ones posting here during the really dark days after Shell pulled out from the JV and the share price fell to 1.5p.
As I said Garcy should refrain from making false claims regarding certain members on the board when he has very little or no knowledge of the posters here.
Best wishes
To Gracy and Biffo for policing the board.
Thank goodness for people like you who are able to do my thinking for me. It's fantastic that you are here to curb any enthusiasm on the board. However if you are to represent balanced opinions you should also make an appearance when this company is being trolled by Fundraiser or shactmeister when they are here spreading fear hoping for a lower entry.
I don't see you butting in when they are intimating the share will fall to 4 or 5p.
Joke!
You know what Captain. I AM EXPECTING Snow Leopard to hit and as far as I am concerned everybody invested here should expect snow leopard to hit otherwise what is the point of spending $7m on a drill.
If I was in charge, there is no way I would be spending $7m on a drill if I was not confident of hitting oil.
This is a target that is analogous with oil producing areas of China. It has been subject to extensive analysis and it is the first target of MATD's drilling campaign.
Aaaarrrghhh!
The market will catch up eventually.
Hold for gold!
The first well in the campaign is intended to drill the Snow Leopard prospect in the Taats Basin in Block V. The well has two main targets which management estimate has a mid-case recoverable prospective resource of 90MMbo. The well also has three additional secondary targets which provide upside potential including a lacustrine turbidite play fairway which, if proven, could offer substantial upside in the area of Snow Leopard of over 200MMbo. The well will be drilled to a total depth of c.3,350 metres and is expected to cost approximately US$7 million (of which US$1 million was spent in 2017 for purchase of long-lead items). If successful the well will help to substantially de-risk a further 14 prospects and leads in the same basin with a potential for an additional 500MMbo of resource.
Let's throw $7m at a duster.
Duster my a r s e!
Close the shorts folks .... multi billion dollar company about to enter the market.
Hold for gold
A little more patience required here folks.
Vanadium timelines were announced on 31st January with maximum timeline of nine months taking us to 31st October.
Lithium research using Hyperleach has been progressing nicely, so much so that we are having it independently verified by WAI and results should take 3 months from announcement on 17th July which again takes us towards the end of October.
Accudo news whether good or bad could be anytime.
Turkey, Iran could be anytime.
We've all been here for a very long time and we are approaching the business end of things. This is the time to be getting excited and not frustrated in my opinion.
I was invested before Accudo and that deal was what encouraged me to remain invested. Things have improved considerably since then and I'm afraid we just have to bite the bullet and wait.
We all know that it's only going to take just one independent mine or company to prove our processes to open the floodgates.
If we have no news as we enter November, then by all means, vent your frustration or sell up and move on but for the matter of waiting for another couple of months I don't see the point of discussing an EGM or a change to the BOD at this moment in time.
Take a look back at our RNS releases since our last placing and you can clearly see that we have made more progress this year than at anytime previous.
Best wishes.
I don't think anyone has said we will fail it's just that we are priced to fail.
This price is no longer a gamble. If we were sitting at between 30p and 40p then we would be considered a slight but calculated gamble.
We are drilling in an area where it is possible to set fire to the surface rocks.
This is so close to being explosive.
Have a little patience and enjoy the rewards imo.
We are currently priced to fail.
Success on any of our fully funded wells immediately makes this a ten bagger.
Success on snow leopard makes this more than a ten bagger. Success on snow leopard makes us a low risk high reward oil company.
We still have less than 1billion shares in issue
8p per share .... omg.
I'm afraid you missed the point of my post there captain. How many fundraisers would have cashed out with any of those 3 companies at a profit of 100% or less.
Matd's current mcap represents a profit of $1 on 56 million barrels. If we really do have between 9 billion and 23 billion barrels then at just $1 profit per barrel it's between a 160 bagger and 410 bagger. ( £13.25 - £34.03)
Current oil price versus estimated production cost should provide a conservative estimate of $35 profit per barrel. That sits us between a 5600 bagger and a 14350 bagger. ( £464 - £1148 )
Nobody here dares to dream how big this could be and it may only be another thirty or so days before that transformation begins.
Hold for gold.
Microsoft share price 1986 - $0.09...........Microsoft share price 2018 - $109.00 ( 1211 bagger)
Apple share price 1981 - $0.41.........Apple share price 2018 - $207.00 ( 504 bagger )
Amazon share price 1997 - $1.49.......Amazon share price 2018 $1886.00 (1265 bagger)
All of the above sat at a level for years before a transformational change.
Matd could be very close to that transformational change. If we hit oil and I believe we will then our transformation begins shortly.
By how much all depends how long you want to stay.
Have a nice weekend.
Of Axm's past, present and future .....
Tick, tick, tick, tick, tick, tick, tick, tick, tick, tick, tick, tick, tick, tick, tick, tick, tick, tick, tick, tick, tick . . . Boom, Boom, Boom, BOOM, BOOM, BOOOM, BOOOOM. BOOOOOOOM.
Still in the tick, tick phase but not long till the boom, boom.
Have a great weekend folks
Here's a thought to ponder.
Mongolia have started building a refinery capable of refining 30k bopd.
Snow leopard is targeting 90 million barrels but may have 500million barrels.
Snow leopard alone may have at least 8 years annual supply of oil to the refinery at the 90 million barrel estimate. 500 million barrels would give 35 years annual supply.
White horse 480m barrels, fox 200m barrels, red deer 48 million barrels.
Sinopec, petrochina, Shell, BP etc, every one has cash in bank to invest and there isn't anything to suggest that Matd might sell one of their targets after drilling.
If Matd hit oil on snow leopard, what is there to prevent a buy out on snow leopard and the same goes for any of MATD's prospects.
Hypothetically, if snow leopard strikes oil then the absolute value is total amount of oil multiplied by the profit per barrel.
If it is valued on 90m barrels and the profit per barrel at current prices is circa $35 per barrel then the absolute value is $3.15billion.
If Matd sell snow leopard then 20% of absolute value should be a reasonable amount. Which equates to $630m or circa $1 per share.
How far could Matd go alone with that sort of money to invest.
What about farm in. What if Matd hit oil on snow leopard and someone wants to farm in. What would they pay for a percentage of $3billion.
In my opinion, hold for gold. There will come a time when there are no sellers left that are ignorant of the potentia here.
Snow leopard hits then estimates of 40p are way too low IMO
I think we seem to have lost sight of the significance of Accudo.
To me it's not about the potential revenue streams from the agreement or whether the investment bankers that fund Accudo are intent on shafting us by not paying us the revenue streams agreed.
It's all about the confirmation that our process works and is worth investing in.
Australia is massive in the world of copper mining and exclusivity to ammleach in Australia is the price that Accudo covet.
They are a private company who re-registered in May 2018 as a going concern because they know that the value of the Australian licence is worth pursuing. Their first 5 mines provides us a revenue stream.
But we now have more than Accudo, they are no longer the key to openining up the world to Axm. We now have a few companies with keys.
Any one of them opens the door.
Excellent post from Jarem today. Sums it all up very nicely.
The next twelve months could see a massive rerate and considering we have all been here for a long, long time, I think we can all wait a little bit longer.
Have a nice weekend and dance in the rain
Yep Loz. $75 per share for a buy out equivelant of what BP paid to BHP today.
If Matd hit oil on all 6 drills, then confidence grows in the rest of our area and these kind of valuations could become reality.
It's still if's, but's and maybe's but it always has been, the difference is we are a lot closer to finding out if the doubts can be dismissed and we can all focus on discussing the true potential and value of Matd.
Maximum of 50 days now to find out if the start of true value is about to be realised.
Best wishes
BP paid $10.5b for 4.6b barrels of oil from BHP Billiton today.
We might have 5 times that amount of oil. That would value our 23 billion barrels as $52.5 billion for a buy out.
How much is that per share. Is it 9 pence? Nope! It's a wee bit more than 9p lol.
Have a nice weekend
I like this line from the article........ "The country's petroleum industry regulator is expecting its crude oil output to rise over the years prior to the refinery's start-up."
Wonder who will be providing the extra crude considering the current producing fields are declining in their output? Wait a minute .......
Should have mentioned our current fully funded 6 drill campaign is targeting circa 1 billion barrels which, compared to our mcap is equivelant to 6p profit per barrel.
£1 profit per barrel equals £1.51 per share
£10 profit per barrel equals £15.10 per share
£20 profit per barrel equals £30 per share
You know how it goes
Hold for gold