Member Info for fundraiser222

True mike but at this rate we will be at 7p before any results, and a 50% rise on an oil strike only takes us back to 10.5p, a duster and we will probably hit 5p so for anyone who bought at 9p like myself the risk reward isn’t looking good at all the lower this goes, the best trade was to buy on results and I will admit I am seriously considering taking a 10% loss on some of my holding

Waiting for 6 drill results basically means you have written off your money on an oil explorer that’s a very risky decision

I have posted on this board many times and was a previous investor as you can see from my posts, the bod cannot be trusted, and a placing will be needed as India looks finished, it’s a good trade if you bought at 5p and sell at 7p but once liquidity dries up you wont be able to sell your shares the spread will be at least 25% but each to their own been spiked teaches novice traders an important lesson

This will fall fast as stop losses are hit, an incredibly depressing investment seeing the price drop each day with hardly any volume or interest. Those who are left are holding for the drill result boom or bust now myself included unless my stop loss gets hit, need to hold 8p

On a nasty spike here imo, once liquidity dries up it will be impossible to sell shares in this dog. A few drill results in a terrible country with no infrastructure means nothing and this will drift back to 4p very quickly imo complete dog this one

Ojay if block XX drills are cancelled for this year then we could be back to 7p hense my frustration, if SL is a duster too it will be devastating for all holders hense why I have stop losses as I’m not prepared to lose 50-60% of my investment if this hits 4-5p again

Unacceptable Mr P the contact number is a mobile phone and they don’t respond to emails is that how companies valued at £54m behave? They are treating shareholders with contempt as highlighted with the director selling before a placing and not telling the market for 3 months then when called out she resigns, extremely unprofessional that’s why ppl are selling, im down £8k and have tight stop losses in case SL is a duster so yes I am not happy at all with the lack of comms

Yep won’t be long before this is below 8p, not looking good at all and the silence from the bod is starting to tell it’s own story as investors jump ship, im concerned we could see a big down day here soon to take out stop losses towards 7p including my own! Disaster so far here

Yet again so far today, at least we have held onto 8p so far, the market has lost faith with Matd think that is pretty clear, no news no operational updates, not even an rns to say Wildhorse ground works have started, investors are completely in the dark here and that is not a nice place to be. No response to emails or phone calls I’m beginning to think The bod have disappeared

I’m sorry but I am not a passive investor who will just buy a share and hold in the hope the price goes up one day, that’s pure gambling and is not a profitable strategy. To succeed on Aim you need a set of rules, don’t forget 90% of all Aim investors lose money. So when a company says in mid June that they expect rig contract to be signed by the end of July I expect them to complete within that timeframe, 10 days later and no news is unacceptable this is a company with a valuation of £54m the communication needs to be much better and the sell off is likely down to investors losing patience with a board and CEO that shows no enthusiasm for PR and seems to be on a permanent go slow, Yes Mongolian red tape doesn’t help but just tell the market and be honest regular updates good average or bad create trust after all every shareholder owns a bit of this company and they are running it like a private entity, unacceptable and a Russian businessman I am friends with will be attending the AGM to ram this point home MB needs a rocket up his arse

Final award was supposed to be by the end of July, that’s what it said in the rns yet here we are 10 days later without a word from the company it’s unacceptable, no response to emails and a mobile phone number to ring?? Not good enough for an mcap of this size

As each day passes that the block XX drills for this year won’t happen, no rig contract or permits and the drilling season ends late November and we are in mid August next week. Terrible lack of comms from the company if it’s delayed just tell the market and let’s get it over with, the silence causes far more damage if it’s followed by bad news. No response to emails and a mobile number for the contact us not good enough for a company with an mcap of £54m, no PR, no Twitter, no updates its not good enough

Agree Ojay without news this will be in the 7s if it keeps going lower and SL is a duster we are in big trouble the market isn’t interested in Matd after the placing think that’s pretty clear by the low volumes since spud and constant selling

The market doesn’t trust Matd that’s the problem after all the years of screwing investors over from Bergen to delays to lies the history is littered with pulling the rig from under investors feet and the last placing did just that yet again, only an oil strike will get this going north until then it looks like we just drift lower like I said you win some you lose some

Agree the best trade in hindsight was to buy in after news, there’s no volume or interest while SL is drilling real shame but it is what it is you win some you lose some that’s the aim gamble

Agree a bit of buying volume and this will take off as the seller looks clear, 20% below placing price I decided to take another 100k as the seller looks clear to me it’s ticking up fast on buys just need some volume and it’s away

The bid ticked up after those sells along with the ask, if we get some buying volume we will know if the seller is clear but this morning looks like a final clear out to me and I think the MMs know it as they wouldn’t let you buy and now the bid has ticked up to 8.33p for large amounts, a bit of buying volume is needed to see if we are clear but if we are this should soar back to 10p

It is possible that this mornings sells are the seller finally clearing as the MMs wouldn’t let you buy hardly any at 8.3p then ticked it straight back up again, when I seller clears you see a big blow out then the price soars so let’s hope this is them finally clearing and we can get back above 10p and get some positive news

Nope not out I just hope that this mornings sells are the seller finally clearing, if the seller is clear the share price will start to move

Turning into a nightmare the big boys are selling out is this a leak of bad news those sells are huge