Member Info for fundraiser222

Is what this company is famous for bad news hitting out of the blue and huge drops in price, when they hit 11 dusters in a row they first claimed they had hit oil... it was water and the price crashed. They recruited death spiral finance using Bergen... price crashed. They delayed the entire 2017 drill program... they did 2 huge placings this year and cancelled 2 drills and hit another duster. It’s no surprise the market doesn’t trust Matd I wouldn’t be surprised to see this dip towards 5p if they drill this year because no one will want to hold for the results of a 9% COS well, oil exploration is well out of favour atm right across aim tiny volume trades on Matd shares shows ppl don’t trust them anymore and with good reason this could be 3p on any delay Imo

Oh and ojay, I love trump and the new judge they are my hero’s and I can’t wait for Brexit too lol maybe you can be my hero one day too

yes, that is what I would like to hear from PM". Am I a real man now ojay in your book? Do I hve the balls lol you sound like a child a school “come on then if you think ur hard enough” just about to board my flight back home from Vegas, you should get yourself out there ojay you sound rather Board without anyone to argue with on this board. Glad the monks were busy on site today, well dressed monks weren’t they! Now back to my full English ttfn

You won’t be taking any profit if the winter weather starts to bite and there is a delay it will fall at least 40% imo. Matd are at the mercy of the weather now a late October spud is about as risky as it gets, any delay and it will be cancelled just like it was on 2nd November 2009 due to a severe cold snap, ppl like SM123 are smart taking profits from their 5.6p buys as after the last rns the risk of a delay increased significantly imo

I’m hearing things are progressing very well for an EGM to remove GR, things are about to get interesting imo if an EGM is called and shareholders successfully remove him prem has a chance, with him as CEO it’s finished imo

Needed NOW, not tomorrow not when he has taken another million out of prem, he needs replacing now it’s not hard private investors own this company kick him out and replace him with someone credible UK based

This trades below 6p again after today’s spike, drill delayed until the end of October and now totally dependent on the weather, a cold snap and the drill will be cancelled, well done to all those who took their 10% profit though after buying at 5.6p great trade

Exactly if the weather deteriorates they can’t possible drill WH deep into the Mongolian winter, potential spud not until the end of October, that’s 4 weeks away! Sounds like a big delay to me as they originally said spud in September. The trucks are only just leaving SL today yet last week liars on here were saying they were already building the rig at WH. Anyway they are now totally reliant on there not been a harsh winter, something they cannot control, GL all those taking the gamble on a warm winter this drips 50% on any delay until 2019 imo

For 4 weeks... sounds like a delay to me as they previously said spud would be in September and yet now it’s end of October and the drill is 45 days yet all those on here swore blind the drill was 25-30 days. Ole fundy was right again eh, a bit of the deep winter freeze and it’s delayed until 2019 as I have always thought, my confidence in a delay has only increased today as the trucks are only just leaving SL spud 4 weeks away

Lol this will be down by the end of the day mark my words, no spud until the end of October and a 45 day drill. Any bit of harsh winter weather and the drill will have to be cancelled, got to laugh at all those who said rig move was complete lol they have only just started moving the rig, estimated spud 4 weeks away total joke to let their mates out imo those buying on the spike are going to be sitting on a big big loss imo because they have to drill until mid December in a Mongolian winter... no chance imo keep an eye on that weather forecast through November and December it’s going to get very chilly indeed

A harsh bit of winter weather in the area and there is no chance they will be able to drill, they are totally dependent on the weather now, and I hope I’m goi g to get an apology. The drill is 30-45 days as I stated, spud late October lol yeah of course.

Lol good luck but my calculations and research say they will delay the drill, and Matd history of delays and no spud date given for WH is a huge red flag imo, last post from me now until the next rns whatever that may be so ramp away folks

And btw an rns is the official company guidance not an interview legally speaking the rns is what we follow not an interview comment

Nope the rns says 25 June that the rig is 35% rigged up, yet it took another two weeks before spud. Not facilites at the pad, it clearly says the rig is 35% rigged up in the rns. So that means to rig up on the pad it took them about 3 weeks on SL. It’s the same rig for WH so the same rig up time. We are going to have to agree to disagree, I dont believe they will spud WH this year due to my calculations and the reasons I have given, you believe they will so fair enough, guess my point is I cant buy Matd shares at this present time as the chance of it falling 40-50% on a delay rns is too high. I dont want my money tied up for 6 months at a 40-50% paper loss if WH is delayed, if you can live with that then I agree whether they drill this year or next doesn’t affect you, if your a LTH you can just chill but your posts make me think your not a long term holder as you don’t acknowledge the clear risk of a delay which could happen for a variety of reasons rig related or weather related AAOG delay shows what can happen

Good post Pro, I agree if you are happy to hold until April/May 2019 for the WH drill then it doesn’t matter to you if there is a delay. I’m not a hater of Matd just by my calculations they won’t spud this year, it’s my opinion based on times it takes to deconstruct the rig, move it 450km on dirt tracks and then construct it at SL. It took two weeks to spud SL after the rig was 35% rigged up according to the rns, so do you agree that it took them 3 weeks to rig up at SL? So the same rig will take another 3 weeks to rig up at WH. The rns says 30-45 days to drill it, and it took them 73 days to drill 3000m at SL so that’s 24 days per 1000m. So if they drill WH at the same speed as SL it will take 45-48 days if we are going off the rns and the actual drill times at SL. 3 weeks to rig up 45-48 days to drill... tell me where my calculations are wrong because Matd themselves say up to 45 days in the rns and it’s fact it took over 2 weeks to rig up SL after it was already 35% rigged up, I’m not making these things up it’s all in the rns’s for ppl to work out for themselves there just isn’t enough time before the harsh winter weather hits imo

Rampers are terrified of a cancelled WH drill as they know the damage it will cause, they are desperate for the price to rise so they can derisk before a potential delay rns, strange how Matd dont know when WH will spud strange how they can’t give an estimated date yet they gave one for SL, I wonder why. Keep the ramps coming Pro Lol

Ah I see so the rns a month earlier was wrong was it, unlike Matd to post incorrect things in an rns or Change their mind eh. GL I won’t post I told you so when they cancel drilling and you lose 50%, you clearly haven’t looked into Matd history thy have had more cancelled drills and delays than I can count, already cancelled another two drills this year and hit 11 dusters great track record eh

SM, it’s a 9% COS according to the Edison report not sure where you get 25% from? And a 20% loss on a duster? Try 50-60% loss on a duster as the only targets left are the small prospects and they will be 6 months away, but as you know imo WH won’t spud this year, it’s a 30-45 day drill according to the rns in Feb unless I have missed another rns after that date that states a lower drille estimate... it took 73 days to drill a little under 3000m at SL so about 24 days per 1000m... that puts WH drill length at about 45 days so that means they will need to spud this week to enable enough time for WH to be drilled imo before mid November. Pretty difficult to spud this week when it took well over 3 weeks to construct the rig at SL and only 10 days ago the rig was still fully constructed at SL and had to be moved 450km on dirt tracks once it had been taken down. One tiny mechanical issue with the rig, any breakdown, any harsh weather and it’s cancelled and investors lose 50% of their money on the delay rns imo

Where does it say WH has a COS of 20%? The only COS given is in the Edison report and that’s 9% COS lower than SL. I know you are here to make a few quid SM and you might make 10% but be careful because any drill delay due to weather or mechanical issue with the rig and this will tank 50% straight away imo just not worth the risk as we know matad have cancelled drills many times and also hit 11 dusters odds are you will lose a ton of cash here very quickly indeed

Spud rns next week?? 7 days ago the rig was still completing operations at SL, how long to do think it takes to deconstruct a rig, move it 450km on dirt track roads, then rig it up? It took 2 weeks for them to finish rigging up SL after it was 35% rigged up see 25th June rns, they didn’t spud until 9th July. Mid October is the best they can hope for imo but they haven’t given a date for spud so.... I may even short Matd I’m that confident of a delay rns one tiny issue with a broken part in transit on the rig or bad weather sets in and it’s delayed, if Sinopec decide it’s too cold nothing Matd can do about it