Member Info for investor33

What's going on with the price action right now is quite normal - a fall to the 2p to 3p mark which often happens between RNS releases. Look back on a chart all the way back to 2014, and you will see that this has always pretty much been the norm.

People who are screaming blue murder have probably never looked at a MATD chart, and anyway have little to no idea of what really drives these types of penny shares.

If we get a positive RNS, and then the price spikes up sharply and then also pulls back quite sharply straight soon afterwards with a sudden flood of supply as previous weak holders exit, and as the trading desks offload their shares en masse, then expect comments on here such as ; " how can this be happening ? " " it's MB's fault, as he didn't word the RNS very well ' etc etc....

Hamm : Why so anxious ?

After all, a few weeks ago you were telling everybody to buy, buy, buy at around 4P, as according to you ' there is no risk.'

I noticed on ADVFN that when the price was around 4p someone was advising people to 'buy now, as it is bound to rise to at least 7p from this point on...'

The moral for people is to not listen to what anybody advises you to do on these types of boards, as they may be clueless, or else they might have a hidden agenda.

Hamm : "At this price you would think we should have had millions of buys by big boys! "

Because you haven't understood that so far this is a penny share trading stock only. Until it produces income it will continue to be. Just the other day I was listening to a highly experienced and successful American day trader - who routinely makes 10 to 20,000 Dollars a day when day trading - say in a tutorial clip that he doesn't trade US penny shares, as they are too volatile, and some are set up deliberately as ' pump and dump ' traps for the unwary.

Since the last RNS there has been no volume, which means that there is no interest. Volume = activity. People will only jump in when they see that MATD is a big % gainer on the day - which means that volume ( or activity ) is high.

Penny stocks don't move unless there is decent volume - and without any news the MMs can take the price down at will to previous support levels on very low volume. Support was 2.8p or 3p. That's what's happened since the last RNS.

Laguelle : So if it's all such a waste of time, and the problems are intractable, what exactly are you doing on here ? I presume you just enjoy the feeling of schadenfreude ?

I remember people at the time saying that the exploitation licence would not be granted - it was after lengthy delays.

I remember people saying that the special purpose designation would not be granted - it was.

This will be the same - as per the RNS, the governor his already stated that he will sign, and the other 3 items mentioned in the RNS are down to central government admin processes - and clearly they have already demonstrated that they are supportive of MATD. Clearly the special purpose designation wouldn't have happened if they aren't.

There was a gap of one week short of 3 months between the last two RNS releases, so with 2 months and one week since the last Dec RNS, is there really such a delay given that there were 4 items stated in the last RNS which needed to be completed ? ( not just the governor's signature ) Just over 2 months in Mongolian terms is not a very long time to complete 4 separate administrative procedures via their sclerotic ex-Soviet bureaucratic processes...

With very low volume since the last RNS, the MMs have taken the price down to previous support levels, as low volume = low interest. Interest and volume will only suddenly pick up on news.

Having said that, I would have preferred it if MATD had stated clearly how the governor had stated his willingness to sign. Was it a verbal pledge, or was it a pledge stated clearly in writing somewhere ? There's a big difference in terms of legal force one would assume.

Doc 83 : "If there is a positive or negative RNS, for example, the signature or a cash raise, the SP will shoot wildly in one direction or the other."

Yes - but that's only half the story. If you were looking at charts then you would see how pronounced the spikes have been after an RNS. Yes, the price can shoot up in a day back to let's say 8 or 10p, but then in the next few days it can come back down again to say 4p. Have you never asked yourself why this happens time and time again ?

I read the comments every day of people day trade small cap Nasdaq tech stocks, and every day there are huge % movers upwards on ' news ' which they trade to surf the wave - but often the price then jack-knifes down just as suddenly on a flood of supply as people exit. Each day there are a number of Nasdaq stocks which do this, and always on ' news. ' The day traders are using their scanners every morning without fail for big % gainers on high volume, and are making their scalp trades off the back of it. Then the next day they move on to the next % gainers on ' news...' They don't really care what the company does - only that there is a new release on that day which creates high volume.

"Anyway, as the charts seem to tell you everything, will the SP be higher or lower by Friday? "

I don't care about price action on a daily basis when there is no ' news. ' It's when volume increases that the real action happens. Right now there is support at between 2.8p to 3p - like I said, in periods of low volume the MMs are happy to take it back down to deeply entrenched support levels. If there is a positive RNS, then there will be another spike to between 8p to 10p very likely, so that will be the opportunity to exit that you are now waiting for....

Doc83 is a very annoying person I have to agree WOS.

I don't really mind you - some of your input is quite useful. I don't think you deserve the flak that you get on here.

As tactful as ever I see Doc83. FYI a ' weakholder ' is someone who is locked in, as they bought in below the current price level, and doesn't want to exit with a loss. Usually they've been locked in for quite a long period of time. So they hold on until they are no longer underwater, and then on the next spike driven news they exit as fast as they can with a great sense of relief - maybe if they are lucky with a bit of profit. This is a big supply factor when the price suddenly spikes - as it has done on every single MATD RNS release to date. Add to that the high level of supply when the traders make their exit with a quick profit, then you can see why the price can jack-knife very hard after the spike.

In fact you have already announced on here that you will want to exit for good on the next move up - so your comment merely shows that you don't understand what I wrote. You have already said that you know nothing about charts, and it's obvious to me that you have no idea at all about how price action happens with these kind of volatile penny stocks. The pros behind their trading desks would just smile at your total lack of understanding of the basics such as support and resistance levels etc and other technical indicators which they spend every day studying for any stocks which interest them.

To date, the price action with MATD has nearly all been driven by short terms traders, with ' investors ' like you scratching their heads as to why the highly volatile price behaves the way that it does....If you did look back at charts you would clearly see that in the months after an RNS, the price always drifts lower to very well defined support levels on low volume. This last time since the late Dec RNS has been no different at all.

BP - personally I don't believe for one minute that there will be a smooth upward trend if the next RNS confirms that all is sorted. These kind of small cap penny shares just don't behave like that, nor do they do this on the Nasdaq.

Whatever the next RNS says, expect huge price volatility to continue. If it's good news, then expect algos to be triggered, traders to be alerted when they see how much % MATD is up on the day, and then watch them pile out when they have made their quick gain. We've seen this happen time and time again on an RNS release - a large spike up, and then back down again just as dramatically when the trading desks sell en masse, or when long term weakholders (like Doc ) decide to exit with some profit.

On the other hand you can get shorters ( supposedly like Professional ) who might be leveraged, and are ' short squeezed ' with margin calls, meaning that they have to buy back quickly, which can then send the price spiking even higher. Often they place their short trades near previous resistance levels, which are very well defined with MATD. Either way, it all results in volatility. The problem is that some people think that buying a penny stock is like buying Shell or some other blue chip. Having said that, anybody who bought Rolls Royce shares a in late 2022 would already have a 500% multi-bagger, without ever having to worry about Mongolian land laws.

"shooting up sometimes by several 100 % in just a few hours, or even minutes." I meant. I don't like proof reading on Sunday mornings !

I certainly wouldn't like to be short on a penny share, watching with a sinking feeling as it goes against me, and then getting margin calls from my broker...That's pressure. No margin calls if you are not leveraging either way, long or short, with say CFDs.

@Cybertron.

Regarding ' Professional ' I follow Nasdaq small cap stocks very closely these days, and watch the volatility in real time when news breaks every single day with numerous Nasdaq tech stocks. They are incredibly volatile - shooting up sometimes by several 100 % in just a few hours more even minutes. Sometimes they keep going up, sometimes they jack-knife back down heavily after the rise It's hard to know. What you do know is that they are highly volatile.

I head that some shorters in Nasdaq stocks have wiped themselves out completely when the price action went against them. Even with a stop, the slippage can be incredibly high if the prices is moving fast. At least going long you don't have unlimited risk, which you do going short. Nobody in their right mind would be shorting highly volatile penny shares like MATD - what happens if you are in short at 5p with £50,000 worth of shares, and it suddenly flies up to 30p in a few days?

Stas20 - if you think that MATD is a waste of time, then why waste your time on here talking about it ? It sounds like you are just a schadenfreude merchant who gets pleasure from other people's discomfort. Usually the liberal peppering of posts with LOLs is a pretty sure sign of this kind of person.

Why not devote your time to something that will make you money - you are obviously an expert investor or trader....?

Laguele - you are not factoring in the intended JV with DQE, the whole point of which is to be able to roll out Heron as quickly as possible, and with minimal cost to MATD. The 14th February 2023 RNS stated ;

" Negotiations with DQE Drilling ("DQE"), the main provider of drilling services in Mongolia, have been completed and the contract for a multi-well development drilling programme is with DQE's head office for review and approval after which we plan to seek the approval of MRPAM. "

There was just over a 2.5 month gap between the last two RNS releases. So far it's now just over 2 months since the last RNS was released. So I'm sure why there has been so much talk about ' delays.' If 4 months had elapsed then maybe bit might be more reasonable to keep going on about delays.

Laguele : have you read the report by Progressive Equity Research from March 2023 ? This was written before the land was designated by central government as special purpose, but before Velicoiraptor was found to be a duster. Heron was valued at 18.5p per share.

Avo333 - if you don't know the difference yet between 'their ' and ' there ' then why should I listen to anything you say about MATD ?

Finwittrader : take a look at charts going back years. MATD has always moved around with huge % gains and losses in a very short time, and bouncing off support and resistance levels frequently. It's called a volatile stock, which is what you get with a very small cap with few shares in circulation. It's not all just about fundamentals.

Hamm : a few weeks ago you were urging everybody to pile in at about 4P as in your words ' there is no risk .'

I wonder how anybody who listened to you feels right now.... ? I've seen you change your tune several times on this board. At least WOS is consistent.

Pilsbury7 : WOS will be talking about technical analysis, and specifically the RSI indicator( Relative Strength Indicator ) If you do a search for a ' MATD barchart ' on various sites, then you can play around with a chart - change the bars to candles, add various indicators, put in trend lines, support and resistance lines etc. MATD has been a trader's dream for many years now - anybody buying and selling based on just support and resistance levels could have made a lot of money with the numerous spikes, followed by a plunge to support lines.

Right now we are still at the bottom support of an upward trend, which started with the low of 2.5 in mid November. If it breaks down to the next support of 2.8p from the 15th Dec then the upward trend will be broken, and the next support after that would be the mid November support of 2.5p. That support of 2.5p has been touched and held several times in the last few years - so it's a very strong level of support.

Aeschylus : The exact wording was ' but we are pushing and expect this to go through soon. ' However it was not referring to the other three stages which I mentioned - just to the transfer of the money from the Ministry of Finance. For all we know this may already have happened.

No other reference is made to probable timescales in the rest of the RNS, so the numerous posts on here saying that there have been delays is just subjective opinion with no basis in fact. Let's face it, if the share price was still 4.5p people wouldn't be panicking.