Member Info for investor33

So the RNS read ;

"Petro Matad has been working to correct misinformation about the Company from local activists and protesters that have been critical of oil production operations in the area for some time, protesting online and in person against the committee's decision. "

Staff at PM are almost certainly closely monitoring anything that the activists post online - after all, people on here do it. However the reference to 'in person ' must relate to angry activists turning up at the district authority offices, and probably confronting members of the committee which voted in favour of MATD. However, MATD presumably wouldn't have known about these ' in person ' protests when they happened.

The RNS also stated ;

"Petro Matad has been working to correct misinformation about the Company from local activists and protesters. "

I am guessing then that when the activists aggressively protested in person at the district offices, that they may have handed over written falsehoods /allegations about MATD and verbally made allegations too. Presumably the district officials have felt duty bound to look into these false facts/accusations. MATD would then probably have been contacted by the officials, and asked to respond to the claims of the activists - hence what was stated in the RNS. All this will have taken time, especially with the sclerotic Mongolian bureaucracy at work.

So let's see what MB says in the AGM - but I'm guessing that this is what has held up the land access docs from being signed. I find it hard to believe that activists can reverse the decision made when the district committee voted in favour of MATD. Could you imagine a planning committee in the UK changing its mind about a planning decision because some nimbies got upset about the decision and remonstrated loudly at the local authority's offices ?

Professional - if you are a proper trader then I am a Mongolian chef.

No pro trader would ever talk about ' graphs. ' Do you think pro traders still work with graph paper hand drawing bars and candles etc ?

'professional ' I hope you referred to your ' graphs ' as you call them prior to doing your short....and what happened to the short you could have done from 4.4p all the way down to 2.5p ? That would have been a 40% gain if timed right. And now after the action is over you talk about doing ' a small short. '

A trader who doesn't know about charts or technical analysis is like someone who claims to be a pilot but can't read an aircraft's instruments as he thinks they are a waste of time....

Prophetus ; I agree about ' professional. ' You will notice that he had a chance to short at around 4.4p and then exit the trade along with the algorithmic trading bots and the other traders who shorted yesterday immediately after the RNS. So at the bottom soon after the open yesterday. he could have exited his short at around 2.5p, which is a 42% profit if timed right. Yet he hasn't said anything, as he didn't actually do the short...He's just a troll.

By the way, the support level that the price spiked down to yesterday morning was a previous support level from mid November. Technical analysis of price action is predictable because it is a universal language used by all traders - support and resistance levels are the same whether you are trading in Europe, the US, Singapore or Japan.

My guess is that the district land access permission will be signed soon, as this fuss surrounding the activists seems to be more related to the activities of Petro China. I did think it odd by the way that the last RNS did not refer to the payment having been made to the herds people - many on here seemed convinced that the payment had been made.

Some people on here are saying that the Mongolian government are trying to make PM go bust - yet hasn't the special purpose tripartite agreement already been signed by the relevant ministry ? As ever, it's the provincial governor who has blocked PM through not yet signing this agreement. Seemingly he belongs to a communist party, so my guess is that he's just plain hostile towards western capitalist enterprises and investors operating in his country. Plus, the surrounding oil fields are being exploited by a communist state owned enterprise, so who knows what goes on behind the scenes between them.

Hamm - you did say before the second to last RNS that people should buy ' as there is no risk ' to use your exact words....This was before we even knew that the District committee had voted in favour of the land access.....

Amidst all the anger and near hysteria, has anybody noticed that the sells totalled £154,00 and the buys £298,000 today ...? That's according to the figures shown here on LSE.

How can that be I hear you ask given that the share price fell sharply, and was down 12% ? Well, if you look at the bar/candle for today on a chart, it has done a 'hammer ' in candlestick terminology. This means that the share price was marked sharply down to 2.5p at the open, but then finished the day quite a bit higher at 2.95p. This very likely means that after the sell off at the open as the algo trading bots analysed the news, and then reacted with a flood of shorts, a wave of buying then set in for the rest of the day up to the close. In other words demand came in and surged at that lower price level.

Volume in the first hour was 8.29m, and then it stayed much lower for each hour up to the close - so therefore more like normal volume levels. Volume for the day was 16.64m, which is similar to the 18m volume level on the day of the last RNS release. Normal daily volume levels are around the 3m mark.

Like I've mentioned on here before, these types of penny stocks are heavily traded by short term traders, including the city algo bots which analyse news item catalysts when they come out, and then trade on them at lightning speed. That's why a news catalyst creates a sudden surge of volume on the open straight after an RNS. IMO the main thing is to look at the price action and then try to understand what is happening - however I get the impression that some on here are completely unaware of this kind of thing.

Some people like to think of themselves as sophisticated investors, but seem to have done no homework with charts and price action - they think that all the volatility of a penny stock's price action can solely be explained by mainly retail investors reacting to fundamentals. The reality though is that traders, whether human or algo bot driven computers love volatility - that's all that matters to them, as they can go long or short. They don't care about a company particularly, or what it does even - all they are looking for is a news catalyst and the high volume which goes with it. Both together mean volatility.

This article is a US one - however the principles are the same regarding pump and dump penny stocks ; https://finance.yahoo.com/news/10-pump-dump-stocks-hedge-144707244.html

As the article mentions ;

"It's important to clarify that calling these companies "pump and dump stocks" does not mean these firms don't have any solid fundamentals or long-term growth catalysts. We call them pump and dump purely due to their volatility and high risk."

Just out of interest, the last decent rise of any consequence was back in May last year, when it briefly spiked at just over 7p. So almost a year now.

For now this is a classic trader's pump and dump share, and frankly until meaningful activity is announced for Heron 1 it will probably stay that way. Traders love volatility more than anything. Some on here though still talk about it as though it is a blue chip share, driven mainly by fundamentals - hence the puzzlement about the drop today. Next support is 3.2p. which it has touched a couple of times in the last 6 months.

Cybertron - fair enough. No worries.

Thornogson ; it's the same on sports forums. Men bickering and trying to get one up on each other.

The trouble is that us men tend to attach our sometimes bloated egos to our point of view - so that someone with a differing point of view is perceived as some kind of existential threat. It's the thin end of the wedge - at the thicker end you have the likes of Putin who will murder and go to war so that their point of view can be vindicated. It's pathetic really, but we haven't really moved on that much from a neanderthal mindset

Cybertron ; regarding that slur of yours about people living on their own - nearly 30 % of the population in the States live in one person households, and it's a similar percentage in the UK....And this trend is growing in both countries. Prejudices can be irrational and daft sometimes.

LondonSuede ; Thanks for that - I would say that this is significant news. There's no way that he will illegally risk blocking anything from now on, one would think. Hopefully that's him sorted.

Trouble is that governor is a communist judging by his previous roles - he was never going to be sympathetic to greedy western capitalists trying to make money in Mongolia. Hopefully though he has now had his wings clipped.

LondonSuede - do you mean that it's this governor who will have to pay compensation ?

Thanks Rollonsummer. Once I've got out of PM I certainly won't be going near AIM again - it is indeed like the wild west.

Ojay was saying in a post below that investors have been put off by the history of delays, yet if the recent district land access voting had gone the other way this company would probably be valued at more like 1p a share. Plan B might involve lengthy delays for various reasons, so it wouldn't necessarily have been the answer in the event of the voting going against PM.

So people have spent years invested in PM - including me, with some posting thousands of time on this board over the years, often bickering with other posters as to who is more right or wrong.

And some on here have seemingly spent countless hours devoted to fundamental analysis, with investigation into the complexities of Mongolian admin procedures, Mongolian provincial and district politics and tracking the comments of Mongolian activists on Facebook etc etc. All this in the name of waiting for that highly elusive, but oft promised multibagger.

Meanwhile on Nasdaq Wisa Technologies since yesterday has soared from 2 Dollars to touch 12 Dollars in pre-market today. Once I have finished with PM, I know where I will be looking in future - and isn't the UK.

Just packing my rucksack right now, as I'm going to hitchhike to Mongolia so as to hopefully arrive just in time for the AGM. Knowing my luck I will forget to take the documentary proof that I own shares in order to be let in.....

Cybertron ; with all due respect, it's up to the individuals who use this board to decide whether to engage with Pro or not.

Nobody is in charge of this board, formulating rules for other posters which they then get admonished for if they don't follow them. We are all equal on here, and we all have the capacity to use the filter button if need be.

Oh come on now Pro - don't be so modest. Are we talking £25k ? £45k ? £60k ?

The average UK wage is now £34,900 - so presumably we talking a far bit more than this ? And how many shorts do you do in a year on average ?

Pro ; out of interest could you state roughly how much you have made in the last 30 days ? I'm curious. Thank you.

So yesterday daily volume was just 2.25m - which is below average. And don't forget that volume includes both buys and sells over the course of a day. So right now there's little demand. Volume has been low for each of the last 3 trading days, hence the slight dip in the share price. Daily volume on the last RNS release was 18.5m shares to give some idea of what well above average volume looks like

Cybertron ; I'm not sure that ' professional ' and ' BP ' are the same person. I read back through a few of pro's 2,235 posts yesterday, and there's hardly a single one that doesn't have spelling mistakes, poor grammar and general typos. BP on the other hand writes quite a bit better with fewer typos. Unless the mistakes in pro's posts are done on purpose so as to mislead of course.

Pro has posted 270 times in the last 30 days. If we assume say 5 mins per post, that's 1,350 mins / 22.5 hours devoted to posting about PM in the last 30 days. I know of day traders who would have made a lot of money in 22.5 hours of trading, given that many are only day trading for about 3 hours per day at key moments. I'm curious to know how much pro has made in the last 30 days, or indeed since he made the first of his 2,235 posts a couple of years ago or so.

Hamm ; given that you do the same kind of ramping post just about every day, do you actually think that you are influencing the share price ? Believe you me, what will change the share price significantly needs to be volume of at least something like 20m to 30m shares changing hands after a news catalyst - not a typical daily volume of 3m or 4m shares. Daily ramping on a board such as this is a complete waste of time - unless people need it to justify their decisions in their own minds. Sensible and factual discussion about fundamentals on the other hand can provide useful intel sometimes.