Member Info for investor33

Wizardoz ; " Once the reality of a low flow rate on Heron 1 becomes apparent, it’s likely that the stock price will retreat back down near 2.5p. "

So have you been out there and are privy to some kind of hushed up info given that the test at Heron-1 flowed at 821 bopd ? You would think that what you wrote is some kind of certainty. Anyway, good to see that we have another deramper on here....

Doc : now that it's hit the 3s, I should think that the last of the dumpers following the raise will be cleared out pretty quickly now. Everyone else will be holding on for more.

Whoops " PC ' subsidiary I meant :-)

As regards PC, which some people were quite worried about, ( notably Doc ) given that DQE are a PM subsidiary, and given that all is agreed, done and dusted with DQE then it's obvious that the agreement with PC is a formality. Plus the fact that PM have already provided storage tanks, and that the regulator is overseeing the negotiations. So I have no concerns at all about this process.

2,000 bpd in total I meant - Heron 1 and 2 combined. At least somewhere near that figure with a bit of luck.

Good news, and great that it's back in the 3s. I have 1.5m shares, so I have quite a lot riding on this. So Heron 1 will be close to the 1000 bpd which would support a share price of about 3p. Hopefully the same again for Heron 2 giving around 2,000 bpd may double it.

And I was correct in stressing that the surface infrastructure on Heron 1 was never scheduled to be finished by mid August, as one person on here kept on saying. It's a bit of a pain that a permit is required to start this process, but hey, what's a bit more Mongolian bureaucracy in the context of the history of the last 5 years since I first became invested ?

I see that WOS is still going strong - and just like WOS used to talk about, if you look back on this individual's posts, he refers to institutional money eventually coming in, rather than just retail investors.

Next thing, he will be talking about dividends.LOL.

thornogson ; it probably hasn't helped our case that mb is often ****ged off by some on here. i'm sure he must read the comments from time to time, and it's unlikely to make him enamoured with typical matad investors. in fact he probably thinks - well s*d them, they can stew and wait a bit longer. some have been calling for his head don't forget.

Hopefully the clouds will have cleared today and Master can give us an update on progress at hopefully Heron 2.

Does anyone know whether any surface infrastructure can be picked out at Heron 1 from a satellite ?

Gigi ; so what exactly have you done in terms of the stock market then ? Come on - let's hear what amazing things you have done. At least I've traded futures contracts and have around 1.5m MATAD shares right now. Funny, I just had the impression that you are a ' student of commerce' as you stated yourself in your introduction. So a frigging student, who probably isn't even invested in this share. In which case why don't you just make yourself scarce, and take your sarcastic c**p with you ?

And by the way, the trader whose clips I often watch made 167,000 Dollars last month. I suspect that this amount is more than you have made in your life to date. LOL.

Hamm ; I've been following the price action on here for years - I don't need to look at books. That was another fabrication made up by Gigi. If I look at any tutorials to do with technical analysis etc then I watch clips of real trading scenarios - usually on the same day that the action happened.

I was just pointing out that your hyperbolic comments in the past would have put people deeply underwater if they were foolish enough to listen to them. And as Overner has pointed out - it's essential to be able to calculate the true costings ( ie with royalties/profit shares properly factored in ) without throwing out misleading figures, as you have just done.

Thornogson ; Hamm was the one who declared that ' there is no risk guys ' weeks before the committee had even met to vote on whether to give PM the land access. Had they voted no then the share price could easily have been 1p at best.

And if there is a positive RNS then he will be bouncing around saying things like ' we will never see this kind of price again' just before the spike is followed by a huge pullback....

Asher 7 ; "I know dilution has happened but we hit 7p plus on nothing in May 23."

I've learnt the hard way that there's a huge difference between a spike on news and a proper re-rate. I think I was up 25k when it 7p and didn't take it. The only way to counter this is to allocate part of the holding to sell on what looks like an RNS spike, and to allocate the rest for longer term irrespective of volatility. I will be very surprised if we get a positive RNS , a spike and then there is no sharp pullback in the aftermath. At the end of the day, we need about 2,000 barrels a day extracted to double the share price from where it is now - anything else is probably just a FOMO/trader/MM driven spike if it suddenly goes to say 6 or 7p on news. However it may then just as suddenly pullback to say 3.5p to 4p after the spike.

Overner ; thanks for that explanation and calculation. It's important to get these figures accurate, as clearly many are unaware of them, or only partially aware of how these figures should be calculated. It's no wonder that the Mongolian government is keen for oil production to begin !

Another 71,000 just purchased @ 2.75p with HL. This time in my ISA.

I have way too many now, so I will be offloading some on a spike. You don't have a binary choice of being a LTH or short term. You can allocate part of your holding to both. Your decision - but don't say you weren't warned if there is a decent spike and then the usual strong pullback.

Not possible to buy with HL right now....

Obviously Aeschylus didn't filter me then - another factually incorrect statement by him....

Thornogson ; best to filter Aeschylus.

Aeschylus ; clearly either you had not understood, or otherwise misread, my second question to you in which I specifically asked about the surface infrastructure timescales ( the question was crystal clear ) or you wrongly believed that both operations would finish by mid August. You replied to both questions ( workover and infrastructure ) by stating that whatever you thought I was talking about would finish by mid August. Period. That's enough now please.

Gvw121 ; agreed - that's exactly what I'm aiming to do. I've been a bag holder for far to long now with this share - time to change strategy.