Bertram this is off topic, but more ordnance was dropped on Vietnam than Britain and Germany used in the whole of WW2. By saying how noble America is, you're not so different to a Russian who still believes Putin is just. All countries have their sins. In the 20th century, Britain has atoned for its past, while others have not.
Yes it became clear with the Q4 figures. Basically if they prove in the next few weeks that they are indeed on course to produce at least 7000 tonnes in 2022 as expected then the current debt isn't a problem and the current SP isn't for long.
They didn't expect to have to have to do the extra placing. Investors are happy to take those millions and they're not fools. It's not sufficient mismanagement to call a 'shambles'. Unless you're talking it down because you want in, then that's the kind of word you'd use.
Manro I hope the situation is as was told in the last RNS, and the interviews MB has done. Anything else is speculation. I’d go with WhiteMan’s excellent post below. A realistic view. I hope your long-term interest in Matd pays off.
Manro used to call anyone who didn’t ramp MATD a dog. Manro you say you’re still holding. Fine. The facts are simple. The company went to 9p because of the super potential, but since the oil wasn’t going to be tapped last summer and funding was needed, it was not going to stay at 9p. The raise came when it did. The price would have fallen back whenever the raise came. It was needed abd now we’re in a good position. You’re bitter because you’ve been waiting years and you’re not in profit but just hold on. Looking forward to your optimism coming back.
It’s interesting there have been a few comments about oil shares going down because of ADV.
First, any exploration drill is risky and Oilman Jim pointed out the Energy Voice articles on the scepticism over the company that did ADV’s ‘95% there’s 80m of oil’ mapping. I read the articles, bought into ADV for the rise and made a good profit but didn’t hold for results because of that risk.
Second, talking about exploration drill risk is completely irrelevant for MATD because they have already succeeded in doing what ADV and other explorers hoped to do.
Thirdly, it doesn’t really matter what kind of weird comments are made here or if people sell misguidedly, if you are waiting for MATD to begin to sell oil this year. At which point this share price will look quite a bargain in hindsight.
So why isn’t the SP already 10p +? The current risk is that MATD fail to secure a drill contract, or some complications due to Covid. There is no reason to expect either of these. They are fully funded, the drills are in country and they have it not had a problem securing one before. They have confirmed in the last RNS that arrangements are at an ‘advanced stage’.
It’s important to understand that last summer when the SP went to 9p they didn’t have funding or the exploitation licence. Now they do.
Bring on the RNS that might include a JV, but no matter if it doesn’t because MATD are fully funded and they have 100% ownership of Heron and the exciting future prospects.
Here’s hindsight. Read the informed posts. Ignore the rest.
Hi Ojay I didn't buy all at 2.6, but average is 3.2 because I didn't think it would go so low when I was buying most. I didn't get to 1 million either, but 750,000. Just holding now. The rise is totally justified without a further RNS than the last, but it's come sooner than those who watch MATD every year expect. Also, I expected a 50%+ day when the rig confirmation arrived, which would still be good.
Darren you're a good judge of the tides of sentiment and you got lucky with the last RNS. But please be careful. Putting £1500 a sell point on small companies that are clearly in the stages of recovery could end up being really damaging for you.
There is a ridiculous lack of patience here. There are people losing money by selling at every bump in the road. I’m impressed by the openness and safety of the company. They say they’re a good place to work for families. They’re keeping their employees safe. There might be an argument that omicron doesn’t pose such a risk to warrant this but then the delay isn’t substantial either. It’s not a cowboy outfit and this proves it. Knife edge chat is pure stupidity. As is selling really.
Lethal the variant has knocked this back down but if you wouldn’t have sold at your buy price - if you’re waiting for the mine development - then don’t let 30% loss worry you. I hope we’ll see an improvement in the general market when this variant burns itself out that will coincide with Rambler’s plans coming to fruition. I’ve lost the paper profit here but not bothered as I’m waiting for better than this year’s high anyway. I should get better at trading lol