Member Info for Hertstrader74

i meant 0.4895 spread has closed

got some at 0.485p sea of blue

market cap only 40 million way too cheap

smells of a leak must be some big background buys

level 2 looking very strong 4.3- - 4.45 3v1

more churn by the looks of things

some sustained buying sub 4p this morning and rightly so, looks like 3.85p was the bottom of this pullback. tbh i think fairanalyst has been fair in his musings over the past 2 months

uncrossing trade was 3.89p so theoretically this will open blue tomorrow

I can see why some (LTH) are disgruntled at no RNS since early Dec. Being now fully funded despite the poor placing price i just don't see MB and the BoD wishing to delay getting the oil out of the ground especially at $94 a barrel.

With the Rig announcement, Spud and Production RNS to come (This year we hope) then the herd will arrive (just look at Prem last week or so and how the herd can drive up a share price quickly) and you have to be looking at way over 200 million Market Cap. 6-7 times todays share price.

Future wells will cost $1 to drill which will be funded by ourselves, Drilling Velociraptor is where a possible JV will come in (and could explain the current radio silence)

Lets assume we do start producing our own oil this year, and with less then a billion shares in issue to be fully self sufficient and capatalised, whether you bought at 3p or 4.9p won't make a lot of difference

Over to you MB, lets get this show on the road

was there any need for such a high UT trade last night, means we have opened 8% down and just scare weak hands into selling. Market Maker tactics to pick up cheap shares. Personally i don't see this share dipping below placing the last dip went to 3.4, so we should see a higher low this time around

partly the markets, partly no rig RNS yet and clearly a placing holder flipping their shares more aggresively last few sessions

my only take on delay of any announcement so far is possibly JV on Velociraptor project. However, we are now Mid Feb, less then 3 months away from drilling (and producing our ALREADY DISCOVERED Heron Oil)
I have managed to find a few K under the sofa so if it dips a bit more this week i will be eagerly adding to my significant holding here

my take on the late prints:

the 1.7 and 1.8 sells are placing stock sells worked throughout the day, the 502k trade at 4.7 was a buy (as at the time buys were 4.67) the 511k trade was a sell and the 500k trade near thursday close was a buy, So for now we have to be patient as some placing holders sell at a good profit (and who can blame them with the uncertain world we live in) and there are some big buyers who have bought recently all the way up to 5.1p (on no news)
The sellers can only sell once, I think we are now close to 80% of the 3.5p placing being flipped. Volumes have in general been around 10 million of late, and we are a day/week closer to the significant newsflow that will transform Petro Matad into a commercial producer of oil which currently sits at $91.25 (WTI))
I am very confident on the medium term prospects here, holding over a million in stock. I guess i could have sold a batch at 5p and look to buy back cheaper at todays bargain prices, but I am not a great day trader in general, and also I don't believe in subtle deramping on these forums to entice people to sell to be able to buy in lower. The SP has clearly been in an uptrend since mid december, company is fully funded, and should be able to pay for velociraptor either itself or JV, and finally start to extract the oil WE DO HAVE at Heron. This is not some apraisal drill with a spurious CoS, We have the oil, Its not a share like ADV, so if your comfortable with the fundamentals as I am, and have some patience, then looking at the market cap it is clear to see this is significantly undervalued. AGM is a few weeks away, although there is no guarantee of news then, It does seem likely/feasable we will hear a company update beforehand.

GLA, and fingers crossed to a company making year in Mongolia

tempted to add more at these stupid low prices, no doubt traders selling out to chase crap like PREM. A low volume day today, only 4 million traded and one day closer to MATD selling their own black stuff...

should have said tick down. placing sell in the backgorund?

tick up likely

i suspect some placing stock being offloaded for a decent profit. I don't think there is a huge amount of the placing stock left to churn, As I and FA have mentioned you don't want to be scrabbling for stock when the RNS Newsflow hits. Lots of buyers recently up to 5.1p will be holding

good Comment FA, you don't want to be buying in bulk when the newsflow RNS start arriving will be NT to buy any quantity and a big mark up on bulk buys

price dropped a little now, still clearly have some profit taking when we near 5p, and perhaps the dregs of the placing being flipped, but no evidence of the monster placing sells we had a few weeks ago. Consolidation does look good at the moment though and holding consistently above 4.5p

it does seem inevitable we will break and hold 5p by the end of the weak. chart looks great no big rises and huge sell off gradual rises with some consolidation en route