Member Info for investor33

WOS ; it's good that you are stating how many shares you have bought in the tranches, and now what your total holding is. That wasn't mentioned in the past I believe.

As a matter of interest, have you ever sold any MATD shares over the last 5 years ?

And another hilarious comment by bamb about QBT in January this year ;

" There is no way share price will be less than 5p next week. More like 20p. Expect the trashing to heat up as everyone else piles in."

It is currently 0.8p....

Somehow I think that I might pass on paying any attention to his predictions about any company.....

So bamb posted on the QBT board on 21st January as follows ;

" Agree mercedes, would be surprised if SP wasn't 5p by end of week. Next week is going to be very interesting. you can understand why some are trying to keep the price down."

Well today the share price of QBT is - wait for it - 0.8p.

Seems that this board attracts bitter losers who just want to spite MATD shareholders.

' bamb ' has been reported to the mods.

Velo - I agree. Of course PC or maybe Petrovis would buy block XX.

Soco sold its interests in the Tamstag Basin to PC in 2005 for $93m when it was only extracting 350 bopd. And back then the price of oil was only $47.

And PC seem to have done extremely well from the acquisition.

You could argue that ' the market had no faith in PM ' back in Feb 2023 but then all that seemed to change by a factor of nearly 300% when the share price hit 7p just 6 weeks later....

Some people are still astoundingly naive about the volatile nature of price action with micro caps, as though they are dealing with a large cap like Shell or something. And this naive faith in " the market " as though it always reflects true value is also laughable.

Even with a large cap company such as Rolls Royce - was it really valued correctly when it was 35p back in 2020 ? Back then it had just fallen in around two years from £3.75 yet is valued at over £6.00 today...

There's only one scenario which will be fully in the interests of MATD, its shareholders, the MG and PC - and that's either the sale of Block XX to Petro China or a JV with PC to develop Heron.

Either of those is a win-win for all the different parties, so it shouldn't be hard to agree on a deal.

What I don't want to see is MATD trying to bite off more than it can chew trying with limited financial resources to develop Heron, which it will never be able to do speedily.

Corpse ; I notice that most of your posts relate to TXP.

Isn't that the one that has gone from £1.75 in Feb 2021 to 23.5p today ? And from 43p as recently as January 2024 to where it is today ?

I'm not sure what you have to crow about on here, except you clearly enjoying peddling a bit of spite.

Corpse ; if you don't know the difference between ' your ' and 'you're ' then why should I listen to any of your opinions ?

It's amazing how some of the most obnoxious critics of MATD who post on here have seemingly never learnt any grammar at school....They sound like real knuckle scrapers some of them.

Wigster ; I didn't say that you are professional, however I would say that someone like ' professional ' slinging cynical barbs at the company and its shareholders for many weeks, and then vanishing without trace straight after the last raise is indeed bizarre behaviour....And the same kind of thing is seemingly happening right now.

Ftsemajor ; Very true sadly.

Selling Heron, or doing a JV for 50% with PC makes perfect sense. Trying to finance future wells from where they are right now makes little sense to me - you don't get millions straight way from a new well, even if the flow rates are good, which cannot be guaranteed anyway.

And with only a 6 month or so drilling season, the whole process would be far too slow anyway.

Professional vanished off the board straight after the last raise....

His style of writing, and his constant taunting of existing shareholders is very similar. The same kind of sarcasm as ' professional ' directed to people sensible enough to refer to charts and historical price action as well. It's highly likely that it's the same person, in which case he's looking for another entry on a raise if one ever comes.

Abzzba ; thanks for that info.

Abzzba ; ok, thanks. That's interesting to compare.

I wonder how quickly PC rolled out those 311 wells ? Very quickly I would assume.

I agree that we need to either sell Heron to PC or do a JV with them for Heron, and maybe the new blocks as well.

I don't feel that this business model of hoping to finance future wells from the profits of existing wells is particularly realistic for the company at this stage. Not with only relatively meagre funds in place. Already the approach which MB proposed in his late 2024 RNS has hit problems, due to H1 and 2 not producing as much as was probably hoped over the winter period. They were clearly hoping to start H2and 3 from the profits generated over the winter period.

You've only got to look at that example of the company which sold their field to PC - SOCO, who apparently did 27 wells and yet only managed 350 bopd. Oil extraction is highly unpredictable it would seem, so you can't make assumptions about financing yourself from new wells, and basing everything around this. What would happen if there was a raise and then H3 and H4 turned out to be like H2 (initially at least ) has ?

Plus of course, new wells don't just give you millions in the bank instantly - the profits from a decent well take quite a few months to come through, and then there's only a 6 month window for starting new drills anyway between the winter shut downs.

So for me this approach is a flawed one - it leaves far too much to the lap of the gods. What MATD needs right now is either a very large cash injection to allow it to go on to develop other fields in Mongolia, or it needs the cash and resources of PC to help it develop Heron quickly and efficiently.

Avo ; I take that back - I assume you were being sarcastic ?

Spot on avo.

Roxy ; I've been mocked on here by the likes of Doc and Adw for even talking about historical price data. Adw even said that it was being wise "with the benefit of hindsight ' which is really laughable. Analysts the world over look at historical price patterns, not to mention just about every trading desk throughout the world. They are all looking at charts and historical price action, as well as the fundamentals. How can you identify recovery plays if you don't know what the company was valued at previously ?

There just seem to be a number of people on here who seemingly know little to nothing about the financial world, but who just enjoy being thoroughly mean to other people, and who get a real intense kick out of spreading fear and anxiety. They are sickos really.

With Doc, no doubt he would have spent the whole period between early 2020 and late 2022 obsessing about every single sale of Rolls Royce shares which happened on a any given day. And spreading misery to all the existing Rolls Royce shareholders, whilst wallowing in the anxiety which he might have been causing them.

And the likes of Gusto or Espen would have been taunting shareholders by saying that the company was about to go bust any minute, and nobody should touch this dog of a company.

And the likes of Adw and Takeiteasy would have been posting scores of times a day trying to persuade people that the fundamentals going forward were unlikely to improve. They would probably have been saying that covid is here forever, and the days of Rolls Royce making profit from flying time hours is also over. And so on and so on.....

And they would have relished the fact that people who bought in at around £3.75 in late 2018 were now down about 90% on their investment. Adw would no doubt have been in his element, goading shareholders and putting pressure on them so as to cause a deterioration in their mental health. And no doubt encouraging them to sell "before the company goes bust " etc etc.