Member Info for Doc83

Investor, would WOS going on a 3 month holiday after the last two raises also fall into the bucket of bizarre behaviour?

Investor, another ridiculous statement. Professional was Dutch and his English and grammar was terrible. Their styles are nothing alike.

Abzzba, are you blind? It was Thornogson who said there’s little point speculating.

Thornogson, we’ve had people on here speculating over the weekend that Heron is now going to be sold off!

Manx - any idea why they’ve changed the number from 33% to 43% of new shares that can be issued when raising cash then? Maybe the AGM is a bit earlier this year so they can get that passed ASAP and the raise ball rolling.

If MATD fail, who are the only credible alternative to step in at a moments notice and take on Heron? Cynical thinking? Absolutely.

They must have been given some indication that February was likely, otherwise why put it in a regulatory RNS. But yes, it’s going down to the wire again. Again. A huge surprise :/

Margaritas is still here despite his massive fail yesterday?!

Adw - I think the last four raises, which cover from the beginning of exploring Heron (and admittedly a few other projects along the way), have gathered in approx $45m from shareholders and a bucket load of dilution!

Surely you’d want all that back for Heron plus a bit on top, even if only to compensate for the opportunity cost of that $45m?

As bearish and fed up as I am with MATD, I do see how it could make someone with deep pockets a lot of money. Being overly cautious, let’s say only 50% of wells flow oil, and then only at 250 bopd, we’d need to drill 72 wells to get to the company’s target of 9000 bopd. That’s $288m at the cost of $4m per well. But at $40 profit on a barrel, that’s paid off in 2 years and thereafter is picking serious $$$.

The above numbers also highlight how MATD really need help of some kind. Because MB and us piddly PI’s can’t stump up that kind of cash to get to that kind of production, production we’re told is essential for the refinery.

Maybe we’ll sell out, maybe we won’t. But does anyone know how much money MATD have spent so far on the Heron field, backhanders and keeping the lights on while the ridiculous bureaucracy and blatant tine wasting has gone on? Because that should be added on to whatever price we’d eventually sell out for.

Sorry Margaritas, I know I’m being too positive wanting better than the Soco deal.

“54

It’s a binary choice in a way. You either believe in the future of MATD or you don’t.

IMO all the evidence points towards a bright future.”

Said like a true simpleton.

I wouldn’t want the Soco deal! So £75m or 5p per share.

However, only £24m upfront, i.e. roughly our current SP, another £8m 18 months later (about 0.6p) and then the remainder once they’ve hit some extremely high production numbers in the 10’s of millions. Even if Heron was going at 10,000 bopd it would take years and years.

Anti weekend FOMO happening ATM!

POW can't control the SP. But what they can control, they seem to be doing OK. Just got to hope it's reflected in the SP before I die.

Mocked?! Trying being stalked or called an f'ing c*** just because you said in May 2023 that this might not be resolved until September 2023!

Matador makes fair points. But we must remember where this all began - WOS. We used to mostly politely debate on here. Then along came WOS with his put downs for anyone who wasn't "15p on LP" (remember that?!) and then stalking on other boards. Now we have even previously good members like Dozzawba spouting the "neg" nonsense.

The sooner this comes to an end, good or bad, the better for everyone.

Investor33, believe this or not. But I bought RR at around 80p and still hold. I expect they'll continue to push on with defence spending likely to increase, never mind the potential with SMRs. You'd certainly like to think the days of 38p are behind them.

"A nice up tick in the SP on Google."

Yes, the bar stewards have just ticked up the offer and not the bid. Still, nice to see a lack of red...so far.

You’re fixated with Synairgen!

But I’m in MATD. It’s making me poor 😜

“Nice to end the day with a run of buys too”

Yes, we should see a couple of 250k sells or the like first thing to counter them! 😂