Member Info for investor33

Funny how there was a sharp MM tree shake yesterday morning. Probably their last attempt to stock up their inventories as cheaply as possible.

Somebody knew.

Let's not forget that the previous provincial governor severely sabotaged the company through refusing to sign the tripartite agreement when PM and the MG had already signed it.

Otherwise MATD could have started work on Heron back in spring 2022 or perhaps even mid to late 2021.

That previous governor tried to destroy MATD for reasons known only to himself. Maybe as a communist party member he despised companies listed in the capitalist west?

Good news. And if they did decide to sell block 20 then it's no longer limited by what was now a 4.5 year licence, which must make it far more attractive to potential buyers.

Master ; what kind of price do you think block 20 might be worth ?

Anybody with half a brain can see that there's an accumulation process going on right now just before spring. That was a nice little tree shake by the MMs this morning....

NewboF ; it must be painful to see Orosur Mining's share price crash from 38p in Feb 2021 to just 7p today.....and it went as low as 2.6p in November last year.

Balanced66 ; I notice that you omitted to mention that after the Feb 2023 2.5p placing the share price then rose about 6 weeks later to 7p....There was no local access permission for Heron back then either - it was only obtained in late May 2024.

The company has been held back by not having this permission - otherwise they could have started the wells back in 2022. Raises were necessary to keep the company afloat whilst the authorities stalled them.

Those 4 examples I gave - imagine the MMs stocking up their inventories at the 1.5p to 2.1p range and then selling them at the peaks of those years. Short term traders as well.

Jimithebrush ; you make it sound like its been on a long downtrend over the last 10 years. It hasn't been at all. It's been up and down each and every year during that time.

For example ;

June 2016 - 1.6p and then up to 38p by Feb 2017.

Dec 2018 - 1.6p and then up to 10p by Sept 2019.

Feb 2021 - 2.1p and then 9p by May 2021

Early Dec 2022 - 1.5p and then 7p by May 2023.

Some are making huge amount of money from those enormous price swings by the way - AIM is a wonderful place for short term traders. And the MMs will stock their inventories in an uber low price range phase.

You get a lot of these trollish types on here because of the usual 300% to 400% price volatility. You wont see them posting on blue chip share boards, because it would be a waste of time for them.

Jimibrush ' what ' downward spiral ? '

Have you ever looked at the price action over a long term chart ? It looks like a mountain range with peaks and valleys which repeat over and over again.

Recent weak price action is simply repeating what we have seen in ever year to date, given that there is usually a minimum of 300 to 400% price volatility year in year out. Welcome to the world of penny share micro caps....On the other hand with the exception of the 2020 covid year ( 4.6p peak ) the price has bounced each and every year to at least 5p, and sometimes much higher. In 2023 it hit just over 7p. However the 1.5p to 2.5p range has always been the default starting price position.

Wigster ; you can't just look at one share in isolation of both the index it is listed on, and the sector as a whole within that index. Even on the FTSE 100 nearly all shares are dragged lower when the index falls. And you have rotation within different sectors.

Look at a sample of oil and gas shares listed on AIM over the last year, and you will find that nearly all of them sold off heavily last year from about May or June. Our peak was in early June last year. And surprise surprise, the AIM index sold off heavily from May 2024. In fact the index has lost nearly half its value since 2021.In Sept 2021 the AIM index was 6,547 and now it is 3,417. I really wish the company was listed in the US, but there you go.

Add these factors to the fact that MATD's share price has traditionally weakened going into the winter shut down, and it's not hard to understand why the share price is where it is right now. Sentiment going into spring can change very quickly however, and I am sure that it will again as things start happening after the shut down.

C001959 ; " If the sp is being manipulated like some think then who stands to gain."

My guess is that the MMs like to stock up their inventories of shares over the winter shut down, and perhaps other trading desks looking for short term volatility. This way the MMs minimise their risk if they have to step in due to a demand/supply imbalance spike such as we have seen a few times over the years - look at that sudden move up to 38p from 2.5p in 2017.

Any wholesaler will want to stock his warehouse at as low a price as possible. Many times in the past the share price has fallen back to the 1.5p to 2.5p range - look at a 10 year chart. It's almost the default starting position each time.

And there are huge profits to be made if the MMs can later distribute shares at say between 5 to 10p - or maybe higher. If there is a sudden huge demand, and few are selling then supply has to come from somewhere.

By the way, narcissists thrive on attention. It's oxygen to them.

The worst thing that you can do to a narcissist is to completely blank them - they have to be the centre of attention.

I filtered Adw a while back, but presumably he's lecturing people on the technicalities of oil extraction, even if he might have spent his career as say an accountant, a double glazing salesman or maybe a restaurant chef....

Maybe he should also give Red Bull or Mercedes tips of F1 ground effect aero design as well, as clearly he's a world class expert on any subject that one might care to ever mention.

Abzzba ; that's good information about the sandscreens, and how re-perforating might transform H2.

Re H1, a Google search revealed that wellheads are relatively inexpensive in case the gas spikes are still an issue. Figures I found were $25,000 to $35,000. Plus labour costs no doubt. Hopefully several months of oil extraction will have resolved this issue anyway, leaving just the easy fix of the sandscreens.

If the gas pressure fluctuation issue was fine, and the sandscreens installed, then presumably there's nothing to stop them eventually turning it up to around 800 bopd given that it has already flowed at this rate ?

2021 even.

It's their own fault really that foreign investors are not interested. Others will have seen the struggles with bureaucracy that PM have endured.

PM should have been able to start Heron straight after COVID back in 2022 had the MG acted in a smart and rational way.

TenBag ; just filter Doc. I did it a few days ago. He once span out this yarn about MATD being a small ' spicy ' bit of his portfolio, as though it is a bit of fun, and really money which it wont matter if he loses or not.

Yet he's on here every day doing around 5 to 10 posts, and generally going about his business of spreading fear and panic. Clearly he's not what he seems to be.

Avo333 on 28/11/24 ;

" This is only going one way from now on and it is not DOWN . Oil sales very soon then we are motoring .all the Doom sayers if your not in f--k off .There will be no raise again they will have enough money to keep going .It will finish Blue today .Get buying at THese PRICES . And I am not a Ramper just plain FACTS "