Once bitten twice shy20 Mar 2019 07:21
I am pretty sure there are many on the sidelines watching MATD for. Increases in volume ahead of rig contract news then spud, a lot burnt last year on the surprise 10p placing. Mike may well have an eye of fundraising for 2020 if the appraisals fail, but I very much doubt the company will raise until at least heron has been drilled, Mike needs to show the company is not amateur by having the work visas in place (ffs what a school boy error) and. Contractor in place to spud early May and then you will see the SP back over 10p. Remember this is a 4 well appraisal program fully funded, not like last years w8ld cat (and I still don’t get why they didn’t do the appraisals first). Anything around 5p is a good entry level ( 2.2p was excellent before Christmas). I also agree we should be like.y to get an RNS about rig contract before the conference on March 27th, yes there are risks wise Mike and this company but at this price to me the risk v reward come May spud date is compelling. Strong Buy in my book and hence me taking more of a stake yesterday