Member Info for fundraiser222

Think it will touch 7p tomorrow when a few stop losses will be activated fridays are always quite days and mms will take full advantage of theblow volunes to bring this down even more, night are atm needs good news to stop the rot

Agree lots of shares available to buy I can buy £40k at 7.6p, expecting another drop tomorrow towards 7p support

That’s right yes, once it became obvious that no rise would happen aggressive short positions look to have been opened to cover the downside while still making money the lower it falls the more they make its a 20% chance that oil is hit if it is then they close out and make money long it’s the perfect trade and in hindsight one I should have done myself. Matd looks to be at the mercy of shorters and with such tiny volume they can take it as low as they want by the looks of it until buy volume picks up, all imo let’s see how 7p support holds up

The shorters won’t have to buy back they already have shares from the placing, 80% chance it’s a duster is good odds for them, in hindsight the best way to make money was to short but it is what it is they are in control so we are at the mercy of shorters imo

Agree with that huge shorts look to be making a fortune here and without volume they can take it as low as they want they have near unlimited supply due to the last placing of 180m shares, big lesson learnt here for me got my fingers burnt big time, shorters did exactly the same the same thing with imm after their placing all shares went out on loan and huge shorts made a fortune on the crash

Matd need to get an update out ASAP, if block XX drilling is delayed until next year then they need to tell the market, something doesn’t seem right at all here heavy selling for weeks and total silence from the bod with the founding Matd director and major shareholder resigning right in the middle of a drill campaign, the red flags are waving unfortunately

It is a sell look at the time and date, large sellingbhas been going on here for a long time because it looks very likely that they will have to go back to court against the government. This court case has been going on for many years and imo it’s clear the government won’t grant them the license as they have been fighting it for years and dragging it out a tiny company like this has no chance against the government

If block XX drilling is delayed until next year Mr P then the share price will crash that’s been my worry now for the last few weeks and the reason the price is dropping, Matd have a long history of delays and it unfortunately looks to me like another is coming imo. Short term news is definitely needed, let’s hope it’s not bad news or more delays

By the looks of it now imo. The drilling season ends in November so 3 months time yet they have no permits no rig and no time. MB needs to come out with an update even if it’s bad news or the price will just continue to tumble and then if bad news dies land the drop will be even bigger. Too much uncertainty here now, we don’t even know if Wildhorse is still happening or on schedule

Agree mrP can see this hitting 7.5p tomorrow before dipping to the 7p support level should hopefully bounce off 7p. Volumes are low so the seller has a greater impact on the share price unfortunately without news it will continue to go lower

L2 looks very weak looks like a big sell order just in, 7.9p bid looks like it’s about to go lower

Unfortunately this company has failed to update the market on its India license dispute for nearly 4 months, despite there been a court deadline for the end of April, if the case is going back to court then they need to tell the market but their silence is making them look incompetent to run a listed company. Share wise yes it’s incredibly illiquid it can drop 20% on a few tiny sells and that’s if they will even give you a quote, some will be locked in after today but that’s the Aim gamble on companies like this you win some you lose some

Falling as predicted into the close Think this will hit sub 4p as the traders sell out to avoid been locked in

7p looks nailed on unfortunately hopefully a bounce from that level unless SL is a duster then it’s a blood bath

Now we hve broken through 8p, 7p looks solid but hope it’s not tested, looks like this will fall to 7.5p ask this week without news

We can make up our losses elsewhere as ever

Exactly the bod silence is a disgrace since April not one update, these drill results mean nothing it’s just a few holes in the ground in one of the most unstable African countries in the middle of nowhere. This is a liquidity trap and towards the end of the day when trades sell out at a loss this will finish down on the day imo, feel for those caught on the spike but this is a play on the Indian license court case/local govt games against pat and it’s looking likely they won’t get the license in which case the price will nosedive to 2-3p imo

Agree all those who bought the spike will now be locked in after today I wouldn’t be surprised if this closed down as traders sell out before they get locked in on NT to sell any amount

Agree 7p looks on the cards now total disaster, and if block XX drilling gets cancelled for this year I dread to think how low it goes on a SL duster, can’t take that risk an 80% chance of failure and a 50-60% loss is too much 12% loss I can live with

Yes mate it looks like I’m going to have to sell, agree about the smart money been on the sidelines it’s falling too much, 8p is the trigger for me only a 12% loss not the end of the world better than 50% loss on a duster