Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Nothing sinister going on with this, it was my sell.
I was in a little too heavy so sold a third of my shares for a 20% profit. Leaving the remaining shares invested.
For full disclosure's sake I traded this share and sold out weeks ago on the spike up to 6.8
Just popped onto the board to see how things were going and see that WOS is still banging the same drum just has hard with Badprophet still playing the negatively biased devil’s advocate.
Got a little time to spare this morning so thought I would throw my unsolicited two pennies worth into the chat.
For the SP to continue to raise from here it’s going to need new money from new buyers, however, the traders that normally help to push the SP up have already taken their profits from Matad for this year and moved on, it’s doubtful they will be back.
Long term holders here are most likely already topped up and maxed out. That leaves a smaller proportion of potential investors left who like a little risk, however, having seen the SP not react that well to the long awaited land use permit news will they think there are better opportunities elsewhere.
As always with Petro Matad the potential is huge if everything were to go to plan but there is always the risk of further delays to permits and drills plus cash raises which holds it back.
Definitely been a great share to trade for the last several years, would be nice if this was the year it all came good for you long term guys. You deserve it.
IMHO/DYOR
“If they were ever so confident they would just sit back with a smug smile on their face & wait for the jackpot to drop.”
Yep, that’s exactly what I’m doing, however, I thought that comment deserved a response. Most of yours do not.
I’m also topping up with every gain made elsewhere at this low level. I’ve made good profits on MATD for the last several years, just a case of knowing when to buy and when to sell. For me now is a time to definitely be buying.
IMHO/DYOR
I was replying to the subject “Gamblers Anonymous for you lads” and the content line “Luna drops NINETY-EIGHT per cent and Coinbase warns customers may lose ALL their money”
The point I was making and clearly did not express very well is that not everyone is currently losing money and requiring the services of Gamblers Anonymous. Money is also (and always is) being made in all market conditions.
I only used Luna as the example that money can/is still being made in the market as that was the original reference point.
And for those with nerve who purchased Luna at 0.02 this morning they are (at time of typing) 400% up in less than an hour.
One persons lose it another persons gain.
As always with investing/trading it’s all about TIMING!
Morning all
Another purchase for me this morning £5603 @ 4.10 which personally I am happy with as I have done my own research and am comfortable with my holding and purchasing more.
Operation update will be coming soon, there is potential for greatness and there is risk of delay. The right news will transform the company and share price. A delay will just hold things up for a while but ultimately the company will still get where it’s going.
IMHO/DYOR
Not a tree shake.
Drop from 4.8 to 4.5 is due to some people taking profits, nothing wrong in that if you are in it for 10/15/20% gains.
One seller sold 1.5 million shares over 5 trades in 36 seconds, that’s a lot of shares for a company like Matad which caused the SP to drop a little, that drop incited a few other sellers which caused a further drop to 4.5.
Those sellers are now gone, people who are in for the potential multi bags will are not interested in selling at 4.5, people who want to be in for the potential multi bags can now buy at 4.5 (probably higher buy the time I finish typing and post this)
Its all about risk reward, at a share price of 4.5 Matad as limited risk and lots of reward potential in the short and long term.
IMHO/DYOR
Morning all
I can currently sell a million shares at 4.03 in one go, I do not normally get the option to sell a million with my broker so looking like there is a demand for shares somewhere.
Personally I’m happy to be invested with a few million shares, for me this is a no brainer for the following reason/s.
Petro Matad is an oil company with a proven discovery at Heron field.
Single well flow tested at 800 barrels per day.
Cheap to drill further wells at Heron discovery.
Cheap extraction of oil.
Exploitation licence already granted.
Unsolicited approach from DQE looking to farm in.
10 million cash in the bank.
Good sites for further drill exploration.
All that and the company has a market cap of just £36 million, again for me a no brainer to be invested.
IMHO/DYOR
P.S. See you guys in Q2, I’m off to catch the last of the winter snow with a ski trip next week
Having a cup of coffee with a spare few minutes so just sharing my thoughts.
With everything going on in the world at the moment it is no surprise that the market is volatile and we are seeing red days across the board, however, the sell off this morning (bouncing back now) just seemed crazy to me when we are so close to Q2 and have a CEO presentation next week which will clarify and give further details on the information provided in the last RNS.
How Matad at this stage can be valued at less than 40 million is beyond me but I’m happy to take advantage of the low SP when I can.
Matad’s highlights currently are:
Proven flow tested oil strike.
Exploitation licence granted.
Fully funded for 2022 drilling program. (in advanced negotiations with drill contactor for Q2 start)
Been approached by major oil company offering to help with drilling program (urgent negotiations ongoing for possible Q2 operations)
Compare that to a company like 88e who have never found a drop of commercial oil, dilute share holder value on a regular basis and have market cap of over 400 million!
Matad really is due a fair valuation from the market.
All the above IMHO/DYOR
Just for clarification when I said “Good times” in my last post that meant in my personal opinion it was a good time for me to invest further in Matad.
I think its clear to most that a comment on a share site for specific share is about that share, however, for the few out there that can see a way to find offence in any comment I was in no way suggesting that what is going on in certain parts of the world are good times.