Member Info for Doc83

Adw - I do wonder what the catalyst will be for this to significantly rerate. We thought it would be the LP, then government support, then production ffs, but nothing has moved it. Quite the opposite. So will some better production numbers do it?

I also said many months ago that the market won't believe anything until it sees physical $$$ dollars in our bank account. And as it stands, we still haven't received anything.

Adw - I'm not saying it was wildly positive, but I took more positives than negatives. Maybe because my expectations were low!

The RNS said oil production now over 200 bopd, but over the 83 days or whatever it was, it's fractionally below 200... maybe some initial teething problems.

My big concern was this dispute between PC and the MG. So I was relieved to see they seem to have agreed everything, so slightly above par for me.

Revenue, they said $40 ish per barrel, 15,750 barrel, so $630k, but they've said circa $600k. Fine. Not so worried about this initial bit of revenue, more concerned that they get H1 going at at least double what it currently is.

Gobi and H2 I wasn't expecting anything on. They said they'd analyse it all over the winter period, we've just had Christmas so Gerry probably enjoying himself. I'd expect news there in April. But personally I've written both of those off.

New blocks have annoyed me... we should be focussing on Heron.

Renewables, I think will be cost intensive as early stage. I might be pleasantly surprised but I doubt it.

On balance, I think yesterday's update was broadly positive. And I think that was briefly reflected in the SP, which rose initially to 1.7p before being mercilessly sold into... was it 4 million shares dropped in quick succession?

I think there is some kind of manipulation at play. And it started post July raise.

I would like to know from MB who was allocated shares in the raise, and what the share register looks like right now???

"Not a word of apology over the past 2-3 years which would have cost him nothing but it speaks volumes about the man."

Indeed.

Yes, but he smallest of tick ups in the SP and boom, 2m shares dropped. This is not normal PI behaviour. Sure, now and again, but not consistent blocks like this. Whatever is going on, it will not be for the benefit of us mugs.

The MG don't have a pot to pee in. They're having to get the Indians to pay for the refinery for starters.

Thanks, Jint.

I think it confirms what we've suspected for a long time - that RM and the BOD don't give a hoot abut PI's. I've commented a few times on the looks and stares they used to give when being asked tough questions.

RM will be delighted to finally be rid of us, delisted and with less regulatory burden and need to converse with petty investors while pocketing £330k per year that will see him through to a very nice retirement pot.

I'll stick the few shares I have in the bottom drawer but have well and truly written these off. I hope to keep in touch with some great people I've met over the years, of course yourself, Bob, Carole, Anjil, dippfs and many more.

We could have news/the date of the AGM very soon.

In 2023, we had notice on the 20th January for the meeting on 15th February. Last year, they pushed it close to the 15 month limit allowed post the previous AGM and held it on 30th April.

I'm sure MB will hold out as long as possible to wait for us receiving revenue, but will want to do it in advance of any raise.

"And when you cross the finishing line, as everyone knows, you're a winner and the SP will reflect this."

There's a lot of pressure it seems on everyone here, with a dwindling SP despite us seemingly having made progress.

A genuine question - we thought that getting the LP was the finishing line. Certainly, producing oil. Even I thought that would propel the SP higher than -50%! So can I ask, what does the finish line look like to you?

"Thanks to the massive dilution from repeated fund raising at increasing discounts. A share consolidation will likely precede the next fund raise"

I think many on here acknowledge they'll be a raise, probably this year and probably by end of June.

IF this SP doesn't rise soon, then the raise will have to be done at 1p or less. I think it's a valid point that they'd likely be something like a 10 for 1 consolidation. It's certainly the only way abzzba's 12p year end prediction will come true!

WOS, repeat repeat repeat!!!

“You must have a ton of money invested here Doc.”

I did. But not anymore, not now we’re 1.35p! Karma clearly got me, as WOS says.

TBT: “Stop lying takeiteasy

Net cash £2.5 million as per the broker”

No. Progressive reckoned $2.5m. Big difference. Or approx £2m. So take it easy probably not far off with his £1.8m. Not much, is it.

Better get that agreement signed and the revenue in.

“I think MATD is being used to find oil fields and British investors ate being used to finance it”

Oh, absolutely. You’re the penniless Mongolians who can’t afford their own refinery and are having to borrow off the Indians. So to find the oil, use Petrovis to set up a new company (MATD), list it on the massively unregulated AIM, keep fleecing mostly UK investors with annual raises to keep drilling, let them find the oil then fukk them about so they go bust. Except it seems MB is quite stubborn. But I’m sure they’ll get us somehow.

Gravy, he's on about the data they said they'd review over winter.

To be fair, I wasn't expecting anything quite yet on that.

Oh well, the end of yet another chastening day for MATD. Other than a brief blip up in early October, this has been one way (down) only for 6 months+ now.

Proquo, best to green box them I reckon ;)

Did anyone attend the EGM?

Abzzba, maybe show some humility and admit you've got all your previous predictions wrong?

LOL, Proquo must literally login here and just see green!

Except we know he's full of it and hasn't filtered anyone.