Member Info for investor33

And what 'value destruction ? '

Starting from 2018 the share price has often started from the 1.5p to 2.5p level year in year out. It's been in a range be

I never listen to people who can't even spell ' lose ' correctly....

BPat890 ;

Except that in case you hadn't noticed, it's the first year that they have started with production in place and happening. In other words their first year as a producer rather than an explorer. And the first time they have started the year with the local access permission to Heron in place - and now with the special purpose status granted to them as well.

Spot the difference ?

Alan55 ;

" Normally gusto I would call you a cretin for such a stupid remark but it only ever seems to go one way "

Gusto is a trader in case you don't know. Check his previous posts - at one time he was telling people to ignore anybody who isn't invested. And he used a very rude word to describe them. In one post he was telling everybody that he thought it certain the share price was going down to 1p, and then a few weeks later he announced that he was in at 2p, and confident that this would be fine regardless of the next RNS.

And are you able to read and understand figures ? Have you ever even looked at the price action over the years ? Here's a sample in case you can take them in ;

" " June 2016 - 1.6p and then up to 38p by Feb 2017. = 2274% increase.

Dec 2018 - 1.6p and then up to 10p by Sept 2019. = 525% increase.

Feb 2021 - 2.1p and then 9p by May 2021 = 328% increase.

Early Dec 2022 - 1.5p and then 7p by May 2023. = 366% increase. "

And you can add a peak of 5p in 2024 to these. Or a peak of 4.6p in the 2020 covid year.

Even in the covid year with the borders all shut, nothing happening, the company burning up its finances and with no access permission in place for the Heron field there was profit to be made between the low of the year of 2.5p and 4.6p....

BPat890 ;

So do you think the figures below were a disaster for anybody who timed things correctly ? Some have done rather well so far actually.....

" June 2016 - 1.6p and then up to 38p by Feb 2017. = 2274% increase.

Dec 2018 - 1.6p and then up to 10p by Sept 2019. = 525% increase.

Feb 2021 - 2.1p and then 9p by May 2021 = 328% increase.

Early Dec 2022 - 1.5p and then 7p by May 2023. = 366% increase. "

BPat890 ; like a few of the cynics on here, you have never studied the price action. If you actually bothered to look at it in detail, year in year out going back at least 10 years, you would notice that every year the price action is seasonal. This is why for the last few years it has started from between 1.5p to 2.5p and subsequently peaked at no less than 5p at some point between April and September.

And if you take 2023 - there was a raise in February of 2.5p yet in about 6 weeks it had risen to 7p. So how does that fit in with your great dilution theory ? Like I said, the price has been up and down each year - with something like a 400 to 500% difference between the lows and the highs of each year.

Instead of the cynicism, do some homework, and then you might sound less like a foolish know-it-all. I mean all you have done is glance at a Google chart by the sounds of it.

BPat890 ; if you are not invested in the company then presumably you are here only to enjoy some schadenfreude, which makes you a particular form of lowlife. Sounds like another narcissist with the ' dark triad ' of personality traits....Usually the use of mocking emojis is the signature of narcissists when they post online.....

And if you paid more attention to the price action you would see that the price has bounced up and down from in the last few years from about where we are now to anywhere between 5p to 10p. Even in the covid year with the borders shut it went from 2.5p to 4.6p at the peak.

And I very much doubt that any on here bought when it was 30p or even 10p....

A comment by BPat890 on the board of his darling Hummingbird Resources which is delisting in March after a 2.6p takeover, with the share price having fallen off a cliff in recent years ;

" Boiler room gangs have come a long way since cold calling unwary investors into buying cheap stock.

Now they operate to manipulate the share price up and down through various forms of market abuse including spreading fear, spoofing, waging an orchestrated campaign of misinformation all to short stock and buy low before their team ramps the stock. "

It beggars belief that we have people such as BPat890 posting on here with cynical comments about MATD, when most of his posts are seemingly about Hummingbird Resources. Well let's take a look at that one.

Humminbird has fallen from £1.80 in 2010 to 2.6p today, and is delisting.....

That's the second guy on here in two days making nasty remarks about MATD, who when you look at their history of posts seems to have been backing an absolute dog of a share. I presume they are so hacked off that they just find other company boards to spread their misery on....

BPat890 ; maybe we should talk about the company that you seem mostly interested ( and prob invested ! ) in - Hummingbird Resources.

So looking at a chart, this dog of a share peaked at 40p in July 2020 and is now - wait for it - 2.6p having even sold off from its 2024 peak of 11.5p.

I think we could do without your thoughts on investing....

They couldn't have started Heron during covid, however they should have been able to start in late 2021 or spring 2022.

The company has been very unlucky so far. They get the exploitation licence in 2019, but then covid hits, and then straight after covid ends the provincial governor holds them up for two years until the district committee steps in to let them go ahead. Now they are no longer bound to just the 5 years.

The company should be looking at legal recourse right now for the two years' worth of delays caused by the provincial governance.

Manx ; " Who in their right mind would drop 1,000,000 in one go and why? "

I suspect that just as definitely happens in the US with microcap stocks, when there is a lot of low volume sideways price action the algo bots simply buy and sell in order to profit on the spread. That's why they are always neat rounded figures. It does maintain liquidity at least when volume levels are very low.

If it ever came down to it what do people think block XX could be sold for ? It must be worth a lot more now with the special purpose designation, which does away with having to renew the local access permission every 5 years. There were only 4.5 years left on the local permission. PC may badly want to quickly develop block XX.

If Gobi and/or the new block turn out to be viable, then it might not be a bad thing to sell block XX once H1 and maybe H2 are operating to their max.

The mid November RNS I meant.

Thornogson ; at least though they will have about $1.2m of oil to show for it in the next month or two.

IMO the MMs just used that last RNS as an excuse to do their usual share price walk down over the winter shut-down period.

They also overrode planning permission laws for the surface infrastructure on H1 so as to allow MATD to start pumping oil. That might have delayed things by months.

Master ; pull up the AIM index on Google. It sold off heavily from the time that MATD's share price started to weaken from early June.

Then take a look at the charts of a bunch of AIM O&G companies - they have all had sharp sell offs since about May or June 2024.

It's just a phase which you get with shares. It's not specific to MATD. Sentiment and the index can change quickly, especially with spring approaching - though AIM has lost nearly half of its value since 2021. I wish we could list in the US.

TenBag ; since I filtered Doc this board has been so much better.