Member Info for investor33

Unnd ; Ok thanks. So let's say Heron 1 and 2 come online just before winter. Do you think that somewhere down the line another raise will be inevitable in order to further develop Heron ?

Unmd ; I presume that you have taken into consideration that the $2.5m for Heron 1 was already funded prior to the raise ?

Doc ; I think I would be more inclined to listen to WOS if he had been bouncing around screaming ' buy, buy. buy ' in relation to Rolls Royce this time two years ago when it was 70p. It would be a 750% multibagger by now - the holy grail which so many have dreamt about for so long with Matd, but which to date has always turned out to be no more than wishful end of a rainbow chasing.

People get so obsessed with one share and miss all the other ( sometimes much greater ) opportunities that are around - and sometimes much closer to home.

Doc ; thanks for those calculations. I was working on about $35 per barrel profit, so that sounds about right to me - let's call it between $30 to $35. A P/E of 5x sounds realistic too one would think.

I just hope that the Saudis don't carry through with their threats. And it could well be the case that another raise will be needed for 10 wells...

Hamm ; you haven't included any of the deductions including the profit sharing agreement with the MG government....

Hamm ; you haven't include any of the deductions including the profit sharing agreement with the MG government....

As a matter of interest, can anybody have a shot at what they think a realistic mcap might be based on 10 Heron wells, with each one producing say 500 bopd ? And based on an oil price of say 75 Dollars. This calculation to take into account all relevant deductions needless to say.

And by the way, I feel that Proquo was on the money yesterday when he said that the share price is usually dictated by the MMs who set a price which will allow maximum activity within a trading range. We have been in a definite trading range since the float. This way they can maximise winning on the spread both from making principal trades ( their own trades ) or simply buying and selling from those trading the range.

When you lok at a 10 year Matd chart most of the activity has been in trading ranges at the lower end of the price scale. The spikes were pretty infrequent and short-lived.

I notice that Gigi ' the business student ' is back to share his wisdom again.

And also to mock someone who made 2,300 Dollars in Nasdaq scalp trading yesterday between 2.30 pm and 2.45 GMT....I guess he will never find out how to do something like this as ignorant people are often the most arrogant and have the most closed of minds...

Proquo ; the problem is that most of the people on here never even look at charts. That's one of the differences between city professionals and retail amateurs who often lose money on AIM.

Londonsuede ; shorting some of the Chinese stocks on Nasdaq recently could have wiped some traders out, with increases of over 1,000% in a few minutes . Someone shorting a relatively modest 5,000 shares with one or two I can think of could have been 1m Dollars or more in the red in no time. There are now and again some mega short squeezes going on with Nasdaq, and that does help rocket the share price for a time when it happens. The Chinese micro-caps are often pump and dumpers though - up over a 1000 % in minutes and then straight back down again. .

If there is a lot of short selling going on, then can't it be done through leveraged CFDs ?

Hamm ; and hopefully you have now found out how the bid and the ask works. So now you are able to work out why when you tried to do a large dummy sell yesterday there was somebody willing to buy from you on the bid side....Maybe you hadn't realised that the MMs buy on the bid ?

Hamm ; very clever. Just like your advice frequent advice in the past to buy into pump and dump spikes when the price was near the top...." guys buy now - we wont see these prices again " Or telling people on here ' guys there is no risk ' months before the district committee had even met to vote on the land access....

My average is 3.6p so I would take a huge loss if I took your wonderful advice.

Proquo ; I think that you rightly pointed out yesterday that now we are on the cusp of production the pump and dump spike activity has seemingly ended. This is noticeable when one looks at say a 10 year monthly Matd chart. At one time in the last few years just a mildly favourable RNS (despite the company having no land access and little money in the bank) would have sent the price rocketing to 6 or 7p. And then back down just as quickly.

That's bad news for anybody who wants to exit quickly at the top of a spike I guess.

Proquo ' " The MM's have created the conditions for traders to make easy money. "

The MMs are traders themselves - they are not some kind of neutrals simply matching retail buys and sells. They actively trade shares just as much as any other city trading desks.

Master ; " Mms can't hold them. Can they? "

Of course MMs can buy your shares on the bid. Brokers buy for their clients on the ask ( the higher price ) and sell them on the bid ( the lower price ) The MMs can do the opposite and flip shares on the ask. They aren't just matching retail buys and sells, they trade their own accounts as well. People need to wake up about how this kind of thing works.

Regarding WOS - if he really is the smart ' big investor ' then how come he has always urged people to buy during a Matd pump and dump, or before a raise ? And how come he didn't urge people to buy Rolls Royce at 70p exactly two years ago so that they could have enjoyed a 750% multibagger which presumably has always been the holy grail of people invested in a risky micro cap AIM exploration company ?

For the true LTHs this share has been nothing but a prolonged grief on the whole. I am still annoyed with Buck for misleading the LTHs prior to the last raise ; ' we're fully funded until next year. We have the Petrovis soft loan facility ' etc. That was pure BS.

Hamm ; "Why I can sell 1.4m shares and get a quote easily every time? Who are the buyers? "

Possibly the MMs happy to buy from you on the bid side and then flip them on the ask ?

Overner ; an excellent post.

" Many LTHs bought in to average down (like me...), and are well "overweight" on this share. Many will now have an average of 3p-4p a share, and will be looking to reduce their holdings without losing out. Or are so sick of the whole thing that they will exit altogether once they break even."

In fact you couldn't have summed my position up better - my average is 3.6p, and I am well overweight with my holding. I pretty well exactly fit the profile you have just described, including my future intentions.

Interesting that you value functioning 10 wells at a share price of 15p - far short of what I suspect many on here are hoping for. And to think that today we have the likes of Hamm stating that ' the share price should be 7p right now ' before we even know about the final outcome and production timescales ( with winter coming ) for just the two wells. That's why I asked him to show how he calculates 7p.

Btw, it's not just the question mark about PM's ability to self-finance which is a danger going forward - there's also the prospect of the Saudis currently threatening to crash the price of oil to about 50 Dollars due to their unhappiness with the likes of Russia, and other over producers who are flouting OPEC agreements.

And I think that you are right when you say that the share is no longer the target of pump and dump tactics now that it is on the cusp of becoming a producer. This would explain the sudden lack of the big spikes.

"Share price is not responding to the positive sounding RNS and prospect of going into production as early as next month. Can't work out whether its a) manipulation, b) doubts about production timescale being met, c) wanting to see how many bopd are actually produced, or d) wanting to see the terms of the PC deal? "

If it's b), c) and d) then why in the first half of 2023 without the company having any access to the land - and an indeterminate timescale for ever obtaining this - did the price spike to 6p and then again a short time after to 7p with a raise at 2p having happened just a few weeks before in Feb 23 ??

Jojoba ; if anybody else can explain why there are so many consistent large sell orders with production say just a couple of weeks away then I'm all ears.Otherwise simply has to be professional money behind he flow of sell orders. And after every recent RNS always a very small micro spike at 8am followed by a move down into the red by the end of the day.

Otherwise logically you go down the route of believing that some private investor ( s) knows some apocalyptic information that ordinary retail investors are not yet privy to. And I don't believe that.