Member Info for investor33

I am pretty sure that the MMs do consistently flip shares between the bid and the ask.

Let's take an example - last Thursday the bid was around 1.85p. So the MM desks buy say 5m shares in several tranches at the bid price, which they can do. It costs them about £92,500. The next day the ask is now 2.2p, which is about a 20% uplift on the bid price that they bought at. They can now sell on the ask. The sudden uptick in the share price causes a bit of FOMO, which also creates some liquidity to sell those shares into. They then sell the 5m shares in batches, netting them around £18,500 in just a day or two. Then rinse and repeat.

I think that when there has been no major news catalyst, then this is what has been continually happening - answering the question of why anybody would be selling in frequent bursts of say 400k or 500k shares right now with an RNS pending. The spread is quite wide at the moment, which also helps this flipping activity.

And what ' failures ' exactly ?

Gaining the local access consent a year ago and then earlier this year obtaining the Special Purpose 25 year licence which makes the sale of Heron or a JV highly possible and likely is hardly a failure.

Krok talking BS. Seemingly he is privy to some kind of info which proves that there will be no buy out of Heron, and no JV either. And of course he knows all about what is happening with the Sunsteppe venture.

Also the guy clearly has no idea that the share price has never failed to hit at least 4.8p at some point in the year over the last 10 years - and often it's been higher than this. That 4.8p was in 2020 when the borders were shut, no local access had been granted and b****r all was going on. Last year the high was 5.4p.

A blizzard of sells come in when just over the 2p mark - still a major resistance point....

I still think the MMs trade the bid and ask. They can buy on the bid and sell on the ask. Positions being closed for the long weekend.

Seems that those weird 4 separate sells of 500 shares in a short time yesterday morning, which Researchandhold flagged up, may after all have been a MM signal amongst themselves.....I heard about this type of thing happening from investor comments on another board.

And Adw if he hadn't been scared out of his wits by a MM shakeout over winter - when he said he sold at 1.8p - then he would most likely be in profit by now, or at least at break-even, rather than taking a 4K loss.....

Trouble is, he's consistently brain washed himself with all the negative stuff that he thinks about and posts about concerning MATD , and ironically has now seemingly become the victim of his own propaganda.....

Given that it's nearly doubled now from the winter low of 1.2p, I think I can laugh at Doc, who mocked me for saying that "the share price always moves up strongly in the first few months of the year. " We are not yet at the end of the 5th month....

65k of buying volume now....Summat's happening....

46k of buying volume this early in the day is a big improvement on recent volume levels.

Nice to see it in the 2s again.

"Don’t forget, the refinery didn’t get that exploration and exploitation license for nothing "

That is an important point from Hamm actually. It would be nice if the refinery itself is one of the 3 parties involved in the negotiations.

Before we start talking about 50p we need to break through the resistance at around the 2.4p level, and then break the 5.4p from the last decent high which was at the end of May last year. It's spiked several times to around 2.4p in recent times, but then pulled back. It's the right time of the year though for the share price to move up quickly irrespective of whichever news hits.

Researchandhold ; that can sometimes be a signal that the MMs use between themselves to set a price collectively....

Gvw121; the share price has just been extremely volatile over the last 10 years. IMO up to very recently it's only been a share worth swing trading.

In the last 52 weeks for example there has been a 450% volatility between the low and the high of that time period. And that's pretty typical over the last 10 years. I think the reason is that micro cap resource stocks are serially pumped and dumped until they have something tangible rather than just promise. Really, the mistake for many has been to just hold on to the shares regardless, with no thought given to this extreme annual price volatility, and maybe also not noticing that the pattern of that volatility is normally related to seasonality. Historically it's never been a good idea to hold the shares as late as November for example.

It would be great if the share price reached say 5p and remained stable at that kind of level for a change. That way any long term bag holders who are trapped could exit without feeling so bitter all the time. Or they could top slice or simply just retain all their shares - but at least then they wouldn't be trapped, and would have a choice.

The Special Purpose 25 year licence would never have been granted just recently had the MG any designs on getting rid of MATD.

BP talking his usual nonsense because he has a gripe against MB and the company.

TheLongRoad ; interesting comments - thanks.

Re Met1, given that they have no revenue as yet, that there are more warrants to be exercised and that they will need constant funding, it's best not to be in for too long - quick swing trading is ideal therefore. I will wait for it to pull back again sharply before probably taking a position again.

I learnt the hard way from holding onto MATD shares for several years prior to them now producing that it's only worthwhile to trade the shares of these kinds of companies - in each of the 4 years that I have held MATD shares I had paper profits which stupidly I didn't crystalise at the time. Live and learn.

Plus it would screw a Mongolian company - Sunsteppe which MATD are in partnership with.

BP ; " The MG would be happy to see PM go under. It would relieve them of previous commitments and they could get someone in who has the knowledge & cash to bring an oilfield into full production "

Yeah, and how would that help their stated aim of encouraging foreign investment into Mongolian resource exploration and production ? Even that rogue previous governor MATD had so many problems with is now being employed to promote foreign investment in Mongolia. And several Australian mining companies are operating in Mongolia, including Rio Tinto, Hunnu Coal, and Aspire Limited.

Spread's expensive isn't it ? I've just started monitoring this one having exited Met1 with a nice swing trade profit.

Aquisace ; I thought you said a few days ago that you had just bought a load of MATD shares again, having previously reduced your holding ?

Calling the cimpany a scam whilst simultaneously buying shares sounds like a strange case of cognitive dissonance to me !