Member Info for Doc83

"Don't worry Doc, you did plenty to deserve it."

Do tell.

Espen is a good example of why the super rampers should STFU and not shout down anyone with a view that isn't just wildly positive. Espen clearly took umbrage to the name calling and is now plaguing the board in retaliation, kicking us when we're down.

I think it's called karma. Although I'm not sure what I did to deserve it!

Jojoba, I wasn't talking about advice. Simply, we should not have listened to him at all these past two years!

WOS - we would have been wise to have not listened to you these past near two years.

"Why do you think SP drop so much just as Company FINALLY move to PRODUCTION and MM willing to take large single sells aspru e dropping?

Strategic Investors moving IN!"

WOS - shouldn't you have foreseen this and the subsequent SP fall? And what's to stop more of the same and the SP falling further?

Hamm - I have answered your question many times.

"Mr Hamm - I can sell ALL my holding in single go!"

You were saying the same at 5p. And?

Hamm - bore off. Your behaviour is disgraceful, shooting down anyone who dared to disagree with your rampy nonsense, now flapping around because the SP is in freefall.

Hamm - the market is fed up of the consistent delays that have plagued MATD. Yes, we are producing but most importantly we have not yet made a penny of revenue. More delays, permits and obfuscation.

I said in June(?) that the lack of PC deal was concerning. As usual, I was shot down. And yet we may well end 2024 still without said deal. There is no serious buying and a lot of selling. Until the cash starts to hit our account, this will continue to slide IMO.

"be patient"

Not heard that one before.

If all is so well, why has the SP been in decline for months now? Or are we putting it all down to inefficient markets?

The one positive... Hamm has flopped back to the dark side and is now panicking, which usually means a short recovery!

"Volumes just tell small retail investor trying to play this (with little bit of BB misleading)."

WOS, if there is any buying, it will be sold into. Then volume will increase. Volume is low because no one is buying and therefore the seller is struggling to exit.

It's all very disappointing. Today we've been told no revenue coming in, that we need another permit and that there is a hold up between the MG and PC.

Maybe the SP doesn’t say it all, and I agree this game is all about identifying inefficiencies in markets. But this has been a gradual decline over many months now. New lows being formed on an almost daily basis, more block selling, and seemingly no light at the end of the tunnel with yet more permits, delays etc etc.

The important points on this latest update from MB:

- STILL no PC deal sorted and therefore no cash coming into the MATD accounts.

- ANOTHER (export) permit required.

- MB didn't sound confident at all on Gobi or H2 prospects.

- Renewables seems slow going.

RNS to confirm PC deal?

In all seriousness, this selling, usually in multiple blocks, always in nice round numbers, is highly odd. I’ll be accused of spreading FUD, but I had a small punt (gamble) in COPL a few weeks before they went belly up. I remember watching the relentless sells (admittedly far more serious than what we’re seeing here, with trades of £50-100k regularly rolling in, and guess what, in multiple, large round numbers) but it stank to high heaven. We now know there was serious foul play and a court case beckons. I am confident they’ll be prosecutions.

Now I’m not saying we’re seeing anything quite that bad with MATD. But we are dealing with the Mongols and Chinese, massively corrupt countries. People can keep the blinkers on but we are at 1.45p, the lowest we’ve been for a long time discounting the many more shares we now have in issue, yet we are now producing, have permissions, the MG onside etc etc, all things we dreamed of not so long ago and which were supposed to massively rerate the SP. I don’t think it’s solely because of an unfortunate result with H2, but more because of this relentless selling. And yet I agree with Proquo, we are way past the point of this being overhang from the raise or some II bailing out. So what is it? Because it’s something.

No trades? The seller certainly got annoyed with the lack of buying to sell into today and just hit a few out at the end.

I did, post raise! and as Wigster pointed out, my expected price of 6-8p for 2024 looks wildly optimistic! :D

Abzzba - if H1 flow rates turn out to be far off 800 bopd, will you be less sanctimonious?

Try placing a big buy order and watch it get sold into.

Come on, MB. RNS please, and this time with no negative caveats.

Well we should get an RNS soon to confirm flow rates. Will it be closer to 800 or 200-300? I know where my money is.