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Thanks Morocco for covering the Q&A!

Thanks and yes, I recall now you saying about not using Elliott waves and so apologies for that but thanks again for the informative reply.

Good to see genuine posters here. I too picked up a few more. Good luck guys. Bonkers, you're the TA guy, I am learning basics - do you see this as a W2 correction of the 5 sequence Elliott wave (assuming W1 from 11.5) and we're now at 2.2p (about max. retrace of W1 gain) and so if we hold here, then W3 should begin? Any thoughts appreciated, thanks.

Apologies, old video :-))

Armadale Capital #ACP - William Frewen, Chairman https://www.youtube.com/watch?v=9KGbHhc5gt0

It's referring to the 'financial year' in the financial report which covers the 12 month period to 31.12.18 (it is not referring to 'tax year to 5.4' which only applies anyway to physical persons, not companies).

No, the 2018 financial year is from 1.1.8 to 31.12.18 - so they will have to raise cash (to complete FS?) and then raise for the building of mine. Perhaps explains the SP fall today.

Hi Davies46, good to see that there is at least one person talking sense and appears to have a good understanding of the workings of the market (unlike typical PI's). We are in a holding pattern until news and probably in a ABCDE Elliott wave correction. Trading opportunities - yes, but not for the novice PI.

... end of May, we should and will break this 13p stranglehold. It has been a long time in coming but come it will. The charts are showing that and it falls in line with the expected news flow re fundamentals. GLA!

Hi SBB1, totally agree, I also bought some more on the dip yesterday and had to slightly re-draw the 'e' wave in my abcde Elliott correction wave and believe we now completed that last wave and so from here on in if the technicals are correct, we should rise. Don't blame if that doesn't turn out to be the case but I strongly believe it to be as it is in line with the fundamental news flows (which is more important here). Good luck!

Agreed. We may head down to support at around 10.8p for the 3rd and final time but from thereon in it is up to 15p levels. Those who understand the fundamentals here, place your buy orders - this is a definitely another buying opportunity. Good luck!

What a surprise RNS - no, not the few weeks delay re drilling Snow Leopard (followed by Wild Horse) as that is a joke but the monster upgrade in resource on Wild Horse from 290MMbo to 490MMbo and a new prospect identified post 3D seismics with 200MMbo!! That was totally unexpected and what a summer it is going to be. Good luck guys and if we drop low enough I will continue to add as this will steadily re-rate over the rest of May and June before finally spudding in July.

I am going to commit to saying this is a STRONG BUY on the assumption we are creating a strong bull flag, as we consolidate at these levels. I could be wrong (basic TA knowledge and so am not suggesting anyone else buys) but I have picked up some more again today. I am now visualising we break past 13.4p onto the next level ;-))

....it could get a bit hairy....until we get an official status update. Well, I didn't expect to see a downward trend on the daily last several days but on low volumes and so probably we are being played. Shorters could be caught out on wrong side of trade? I have taken the opportunity to add some more again today at 12.64p. I am ready to add over next few weeks if we continue downwards. Good luck whatever your strategy.

Excellent observation Bladderman, we are underpinned at current SP and unlikely to go much lower which is why I am still a buyer at 13p or less as expect an overall rise to 20p during the course of this year (notwithstanding any spikes that may or may not occur). This 13.4p has proven to be a major resistance point but we should break at some point sooner rather than later now as intimated by other posters. Good luck!

Re-posted my comment (please ignore previous one, as I left an old paragraph which was subsequently re-writen). "Why this is circa 13p per share is beyond me.." ----- D1nger, nice post, but in answer to the above, there is some discrepancy between the way public companies especially on Aim right now are being valued by "market forces" and a similar company in the private sector that shows the same progress and makes private deals. The public valuations of these companies get played and IMO it has become more obvious these days than ever before (all part of the dark forces that drive this non-transaparent system we live in, making it easier for the few to make money and more difficult for the many - hence why I am grateful to genuine posters on the BB's who are sincere in their comments). So therefore many companies get shorted or the SP gets depressed to nonsensical levels despite the progress being made and sometimes when the culprits get caught on the wrong side of a shorting trade for instance, the SP can over-react to the upside. However, in the case of MATD, I am still of the opinion that we will continue to see a slow gradual rise in the SP which IMO is more favourable for two reasons, first, it shows we will not go lower again, and secondly, this company has great assets and great management that will take us to a JV or LE to get reflect fair value in our MK (and that tends to be the exception rather than the rule on AIM).

"Why this is circa 13p per share is beyond me.." ----- D1nger, nice post, but in answer to the above, there is some discrepancy between the way public companies especially on Aim right now are being valued by "market forces" and a similar company in the private sector that shows the same progress and makes private deals. The public valuations of these companies get played and IMO it has become more obvious these days than ever before (all part of the dark forces that drive this non-transaparent system we live in, making it easier for the few to make money and more difficult for the many - hence why I am grateful to genuine posters on the BB's who are sincere in their comments). So therefore many companies get shorted or the SP gets depressed to nonsensical levels despite the progress being made and sometimes when the culprits get caught on the wrong side of a shorting trade for instance, the SP can over-react to the upside. However, in the case of MATD, I am still of the opinion that we will continue to see a slow gradual rise in the SP which IMO is more favourable for two reasons, first, it shows we will not go lower again, and secondly, this company has great assets and great management that will take us to a JV or LE to get reflect fair value in our MK (and that tends to be the exception rather than the rule on AIM). it appears that many high quality AIM stocks are deliberately being shorted or held back from rising through various mechanisms (and we know how transparent those can be, not) and when they get caught out after a classic shorting exercise where the stock is brought down to nonsensical valuations that would never last in the private sector,

Yesterday we closed at 13p, today at 13.2p and so let's have a close tomorrow at 13.4p resistance and then Friday we finally break this to lead the way into a new trading range. GLA!

... to pop past resistance levels. Surely this week is the week and then continue the slow but gradual rise to 20p area.

....to finally breaking the 13.4p stranglehold. Even at this level I may consider picking up a few more. Always better to buy into a rising SP than a falling one. Good luck all!