Member Info for Doc83

I'm expecting to see a chunky delayed buy reported later on. That was a nice move on the bid from 14p to 15p.

"It’s so easy, if you have a pot of money to lose, to crash the SP of a small cap. This is what’s happening here. "

Why didn't you tell everyone this when we were 2.8p?!

RobSaunders probably not an appropriate thread title, but for $500k+ each year, there are now genuine questions to be asked of MB and his performance.

The latest issue with this potential 30% tax, surely to goodness this was discussed/investigated way back, and if not, why not, even if there was the merest hint/possibility of it?

I bet 30 bopd isn't commercial minus 30% tax, which it doesn't look like they're getting back, at least anytime soon.

"Another RNS, another share price crash"

LOL, Hamm really has flopped back to the dark side big time!

Even the brokers are struggling to support this immediately post raise. MB better have something up his sleeve. And that's not just low cost works on things that have been mothballed for months/years.

Thanks, TangerineMan. I will be watching.

As a holder in POW, I watch GMET closely but not perhaps as closely as someone directly holding here. I was expecting the long awaited government funding to be substantially more than $6.2m.

But was that the figure most on here expected?

Can someone ask MB where's WOSSY?!

Mullins, how is it positive?!

It's just a factual RNS stating they'll be a presentation next week, entirely expected post a raise. In fact, many companies have the courtesy of a presentation PRE raise, so they know exactly what they're helping to fund!

Inthe RNS, Avo333:

The presentation is open to all existing and potential shareholders. Questions can be submitted pre-event via your Investor Meet Company dashboard up until 29 July 2025, 09:00 BST, or at any time during the live presentation.

Investors can sign up to Investor Meet Company for free and add to meet PETRO MATAD LIMITED via:

https://www.investormeetcompany.com/petro-matad-limited/register-investor

My gut feeling - they'll be nothing about JV's/partnerships. And it will be simply explaining plans for low cost works on H2, Gobi, Gazelle etc. And a lot of hope.

Well, some answers might be provided next Wednesday...

ICB, fair arguments. And you have to say that today GMET has been further derisked.

But I suppose it still comes down to diversification and risk management from a POW perspective. If we reckon POW is valued/has assets worth ~30p today, GMET represents half of that. I look at POW almost like a microcap mining trust. Lots of different projects, companies etc, you wouldn't typically have half your fund in one stock.

But absolutely, with the benefit of hindsight we should never have sold any GMET stock!

Margaritas humiliating himself again!!!

ICB888 - I know you should always judge the situation on the here and now, but selling a large stake at 30p to buy it back at 60p, I don't think they'll do that. The real question is whether or not they now hold onto their remaining stake. I'd personally be happy for them to sell half their remaining shares, but of course, you need a buyer. UCAM are now unlikely given they are already testing 29.99%.

I do appreciate Sol's and Pete's point that POW do need a catalyst to get the SP moving, and further cash in the bank and potential share buyback could well be needed to do just that.

"Let’s not forget, MB had the opportunity to raise $12 million at 2.4p but chose not to"

Did he? It hit 2.4p for about 2.4 seconds. Raises are always done at hefty discounts, at least in MATD's case. Although I reckon he had ample chance to raise when the SP was around 1.6p, and it probably would've meant 1-1.2p for a placing.

A more relevant question is why to "only" raise what they did? They now can't raise for another year. Do they think that's enough for all their plans (whatever they are!), or did they think that's all they'd be able to raise, because they happily raised more than they said they were going for.

Or is it really the case something is in the works and they just needed some wiggle room just in case, and to put themselves in a better negotiating position?

As ever, it will be fascinating to see what MB does or does not come up with. He usually never lets you down (by letting you down).

And who has been more right... me or Marge?!

7 seconds apart, for the same amount. I'd wager that's a switch between accounts.

40 posts of Artic and Dusty talking to each other!

Indeed. Any questions you'd like asking of Sean and the team, please let me know on this thread and I'll do my best to ask them.

Says Investor33 who has been highly abusive himself!

However, I’m wondering if Maragaritas might now be the densest of them all!