Member Info for Doc83

We can all wax lyrical about the amazing research, but there is one plain fact - sadly, yet another week has passed us by with no oil produced.

Aeschylus - June/July still very much likely IMO, certainly for producing oil. I’m sure there’s another twist to the tale yet.

“Doc. I thought you said you didn't think we'd get the LP RNS until after the elections?”

I don’t recall saying that? Although I’m not convinced it’ll be before the AGM! Regardless, it still looks like vaguely positive news that WOS has posted, and we definitely need to start making some money!

Providing that is verbatim, I’ll take what WOS has posted as a positive. But we really do need to get moving and making some money quick smart.

Roxy: “Still plenty of time for the nayers to rethink their strategy and jump on this ride as this is as cheap as it will get.”

Said as a former nayer yourself!

15:00:31 3.80 368 Buy* 13.98

Nice top up, WOS.

Weren't we around 0.7/0.8p pre consolidation, which is 14/16p now? i.e. no impact.

We are well diversified so while Molopo posting negative results would be disappointing, it shouldn't have too dramatic an effect on the SP... I would hope.

"Sells today are most likely due to money being moved to isa's also watch this space as quite alot of people waiting till after 6th to jump in"

A good broker/IM should be switching/matching off these through the market at the mid price. I don't know if the likes of HL and the cheap and cheerful providers do this, though.

"Too many assumptions here"

LOL, coming from you!

Re the £77k trade, it looks closer to the bid price, so likely a sell.

Cyberplonk, I thought you were aware, but the AGM had to happen by 15th May. So MB hasn’t deliberately aligned anything.

AGM deadline latest was 15th May so MB couldn’t leave it much longer, maybe another fortnight. If there’s still nothing material by then, i.e. Heron is finally producing or at least all but ready to, then I’d guess the SP will react accordingly.

Time to think of some questions to submit!

“Think few will get caught with pants down soon 😏”

Not heard that one before!

I’d say if we really aren’t producing oil by the end of this month, a raise will surely be on the cards, albeit they might not pull the trigger on it for a few months. They can’t risk leaving to too late… if they do, then the SP will drift lower and lower and they’ll never get the raise away at even a half decent price.

Clearly, I do not want this to happen. But as ever, the months just keep ticking by.

I don't think a raise was on MB's mind. However, it is prudent to make sure the business has enough cash to keep running, well in advance of it running out. We had cash until AT LEAST July, so let's be optimistic and say until the end of this year. Any sensible CEO would surely make sure funds were secured 6 months in advance.

Of course, MB and the team cut defer their pay or undertake some other cost saving measures while this process runs its course, in order to extend the cash runway.

In summary, it is imperative we get producing oil ASAP. We'll know soon enough because he can't delay the AGM much longer.

Jimi - if MB wants new mates, he can just come on here and spout off a price target for MATD many multiples north of the current SP. People love that.

"The results RNS will be a huge indication of where we stand."

Yep.

And I wouldn't be surprised to see us thrown a huge curveball. I just don't know if it'll be a positive or negative one.

I can't even imagine how badly Hamm will implode if April comes and goes with no news.

This is from another board this morning. But wise words…

“None of us " know where this is heading"

Many think they do. Stock movements are not predictable, and anyone who thinks they "know" is, frankly, misguided, or worse.

All opinions are welcome, especially negative ones, because they are the ones that should make us think, examine our convictions, and constantly reassess our views.”

“The Fomo fever is taking over slowly but surely”

One part of that statement is true! We’re down YTD and over 1 and 5 years. Up over 3, though 😉. definitely FOMO 🤦🏻‍♂️

“Next week could be the week where this rns lands”

Deja vu?

Happy Easter!

Just sat down and thought I’d read the EEE board, to find Dustyslay still going with the same carp at 10pm! Maybe just log off and enjoy the bank holiday? 🤦🏻‍♂️