Member Info for Doc83

Investor, what, a facility to keep the lights on for a few more months? That won’t satisfy the going concern concerns!

That also means that without Heron 1 cash, we’ll be out of money before the end of the year. I don’t see how MB can let this situation with PC run for much longer before he puts the wheels in motion for a raise (if just talk of this upsets you, you probably shouldn’t be invested in such a stock as MATD).

It wouldn’t be prudent of a CEO to let the cash position of a company such as MATD drop below $1m, i.e. 3 months worth of running costs, especially as it can take some time for a raise to be put together and then marketed/sold to investors.

As a result, I’m confident that IF we aren’t paid for our oil by end of this month (we of course also still need the export licence and then to find a buyer for our oil, presumably), then we’ll have a raise in May or June.

What’s funny is uber rampers getting so stressed out about any negative words on an AIM oiler, one that is apparently a guaranteed multibagger massive rerater in the making.

If you were that confident, you wouldn’t spend 15 hours per day stressing about it! 😉

“ I REALLY Wish Trolls will do actual RESEARCH before they post!!”

WOS, you were telling people to buy buy buy when we were 4p+ based on your research and “intel”.

Anyone care to answer my question - how long before you get concerned that the e-signature is dragging on?

“The plan and expectation not to need a raise to fund this years plans was particularly welcome removing as it does the downside prospects of further shareholder dilution.”

You can’t honestly believe that just because MB said it’s not the plan to raise, that it won’t indeed happen???

I just don’t see how we can use anyone else if it really does go sour with PC. And what would happen to the 30,000+ barrels we have stored with them? You can just see it ending up in a long court battle.

Whatever is going on, it smells a bit whiffy. But it might just be me… none of the rampers seem to want to answer my questions as to how long they think an e-signature should take and how long until they themselves get concerned?

Argh… TBT talking about “massive rerates” again. The share price typically drops soon after.

“ Not as much as I'm going to love it when Petro Matad crosses the finishing line”

As a shareholder, I’ll also love that moment. If it ever happens.

I love it when you default back to having a crack at SNG... it tells me you've lost the argument.

my *******s that's been more right than most???

If MB was thinking to do a raise in the coming weeks, the recent falls in markets (and our own SP) might have perhaps put that one to bed for a bit. Just impossible to see how it can be done at these levels and with falls in confidence levels in the markets.

"Haha. So basically you have a friend who has told you they’re going to buy some shares on Monday and thorn somehow takes that to mean there’s material Sunsteppe news inbound. The absurdity of this board has no limits :)"

MASSIVE LOL.

Thorno, you're right, it's damn annoying that nothing is signed. Still.

"Still 5p by June"

"Still 12p by the end of July"

You're all cuckoo.

WOS, you seriously need a new broker. You can absolutely by 25k shares 😂

"Just another day of Red , seems to be the norm under Sean Wade."

Have you not seen the wider market today?!

"Bizarrely the price of oil is far more likely to affect a company like BP or Shell than a small explorer that really has yet to really start producing. "

You weren't saying that when the oil price was rising!!!

Another question we should have asked is at what point is the oil we've produced valued? Presumably, not until it is sold on, i.e. if the oil price say falls to $50, is that what we'll get and it won't be backdated to the price that oil was when it was deposited into their storage?

After the horse has bolted... cheers Ben!

"Absolutely no reason to think that PC won't sign off on the deal. Anyone saying otherwise is just spreading misinformation."

Erm, how about the fact they've had the document for weeks already and haven't signed it?!