Member Info for fundraiser222

I think you will see the bottom tomorrow, there is always a sell off when placing shares are admitted 8.5p would be my guess tomorrow depends how many flippers need to close their position I guess we will soon find out

The price did this on Monday they spiked it up on low volume then crashed it back down when the sellers kicked in, experience is key in this game the bottom isn’t in yet imo

It rises 1% and the sellers kick in, mms trying to create volume so the flippers can sell before tomorrow imo

We are all here to make money, money is the source of all evil so anyone buying shares here or anywhere else is a gambler hoping to make money at others expense because the only way you make a profit is if others buy higher than you bought to allow you to sell, the moral high ground argument is redundant in this world I’m afraid

I just comment as to which way I see the share price going short term and give my reasons if you look at my posts, I haven’t said Matd doesn’t have potential I just see it going lower short term

You do know institutional investors can also be brokers? And the customers of brokers are private investors, I think the term institutional investors has confused you, you will be telling me ukog has institutional investors on board next

All those shares will need to be paid for tomorrow, do all the placing participants have the cash to pay for them or will they have to sell them tomorrow... we will soon find out

We will find out in the next hour, I’m sure lots of disgruntled shareholders will have voted against maybe petrovis could even have a change of heart given it dilutes them by 25%

Approval with the huge amount of placing shares to be paid for and admitted tomorrow, would be nice if the placing was voted against but this seems unlikely unfortunately, I don’t think the market will like approval that’s for sure

Maestro you are experienced enough to know that ppl agree to take a placing then forward sell it hoping to make a quick buck. If the traders don’t have the liquid cash to pay for the shares on the 4th they have no option but to sell to settle their bill, you know this so don’t understand your comment it’s simple market mechanics. If there is no forward selling at a loss going on how do you explain the huge sells going through, 250k, 300k day after day these large round number sells are not private investors selling their punts imo. Any large placing right before a drill or pharma trial results always makes the market suspicious as it shows a lack of confidence from the bod, as if they were confident they would place after the results surley at a higher price. They should have been honest and said another placing might be required not banged fully funded into every rns then spanked the market for $18m

Guess that’s why the price is falling hard Mr P there will be an army of forced sellers on 4th July imo as that’s when $18m of shares get admitted and that’s the date they need to be paid for, there is usually always a sell off on admission day. When you look at the size of this placing its truely a staggering amount to raise when they were already fully funded and the market is punishing them while the flippers are selling them hard as these boys don’t hold for 20% COS drill results far too much risk for them

They have hit a huge amount of oil and are a producer, Matd don’t have a drop of oil and have never produced anything but water big difference you can’t compare the two companies imo they are chalk and cheese. This will rise if they hit oil and fall if they don’t its a simple gamble. Imo it falls further short term due to the placing flippers needing to pay for their shares on the 4th, 8p coming short term imo

At these levels with significant catalysts to come and a proven producer. One of the few O&G companies that actually delivers imo with huge rewards on offer, built a large position and fully expecting significant gains

Lol 13p on SL spud? How you think that is possible on such small buy volumes and an army of $18m flippers, the flippers are in full panic mode now as they have to pay for their shares on Wednesday one way or another, expecting a big sell off here on Wednesday be interesting to see how many buyers there are left to soak them all up, 8p ask looks likely now

It’s simple market mechanics, those who took the placing to forward sell flip at a profit are now having to sell at a loss to pay for their shares on 4th july imo, if they agreed to the placing but don’t have the cash to pay for the shares then only one way to raise it hense the 250k, 300k sells day after day the sell off will continue and peak on the 4th July settlement day imo

Don’t forget this is Mongolia though and also a company that has screwed private investors time and time again including most recently with a huge placing. The only way they will regain investor trust is with an oil strike, and the placing has done little to instil confidence of that on the first 20% COS drill, weds 4th July will be an interesting trading day as all those placing shares hit the market, how many flippers took the placing without having the cash to pay for the shares.... we will find out on the 4th but I expect a sell off which should attract buyers around the 8.5p mark imo

If they gave away 45% for $30m the share price would tank as it would only value Matd at about £45m against a current mcap of over £60m once the new shares are admitted on the 4th

They didn’t take part in the placing mate, holdings before placing are the same as after the placing, they only hold 29% now

I don’t see how traders make 50-100% when there is an $18m placing to clear and the volume is tiny, this will continue its gradual decline imo just like CHAR did upto and during spud unless they hit oil, and they only have a 20% chance of hitting so 1 in 5 chance, if you fancy that gamble the best day to buy will be 4th July when the placing flippers have to actually pay for their shares, so Many ppl take a placing and gamble on forward selling them before allocation, it has come back to bite them here due to the lack of interest and low volume with no pre spud rise

Think another reason the volume is so low is that most traders will just wait for the bigger and better wildhorse drill. If SL is a duster then traders should be able to buy in around 5-6p for wild horse, much better gamble imo from that level given this is frontier drilling with only a 20% COS. The BOD needed the extra cash incase all the drills are dusters fair enough, but I just feel the fact the major shareholder petrovis didn’t take part in the placing shows a lack of confidence