Member Info for investor33

An average well in Saudi Arabia produces 6,000 bpd. Block 19 in Mongolia produces an average of 70 bpd. That's the difference.

So for it to be really lucrative and company transformational you have to ramp up the number of operational wells. That's what a farm out would do.

If it was Saudi Arabia, then even just one producing well would allow for self financing, but sadly it's not.

" Not saying " even. Predictive text !

Dusty ; Not sag that you think I am, however I think you can see from my last few posts that I've never been a happy clappy uber ramper.

We've had the likes of " WOS " on here, who IMO was either a private trader, or was being paid at the time to promote the offloading of the forward sold shares, weeks or even months before a raise was formally announced to the market. It was telling that he suddenly vanished for about a month straight after the second to last raise was RNS'd.

Hamm ; I do agree that going it alone is probably not viable, and wont keep the MG happy either in terms of their refinery requirements.

We probably pay vastly more than say PC do per drill and per well completion - maybe three times as much. The hit rate based on Block 19 is about 60%. DQE after all is an arm of PC.

If we did say two more drills, and they turned out like H2, then it wouldn't be good news. It's possible that some funds may come in from the renewables this year, however this is not Saudi Arabia in terms of how much you typically get from a well. For it to be really lucrative, you need lots of wells.

Dusty ; Thanks. I was aware of that toxic mix of warrants, the paid advertising etc. As you say, people were rinsed.

Luckily, I traded it, and fortunately got out well before the sudden tanking of the share price. I made a few grand from it. Never again for that kind of scenario though - it's far too risky.

IMO at the exploration phase, average resource microcaps should be mainly traded - simply because at that hype stage it's purely speculative money which is driving a share price, and it flows in and out very quickly.

Hopefully we're now just at that turning point at the bottom of the exploration/production curve. A farm out would very likely accelerate the change of direction, as right now it's not clear how the company can finance a fast roll out of Block XX.

Https://www.visualcapitalist.com/visualizing-the-life-cycle-of-a-mineral-discovery/

This has relevance for oil junior microcaps as well as well as mining resource stocks. This is why the share price predictions simply on production starting were so naive at the time. Master predicted 15p on the 3rd well. Hamm - 40p just on production starting

Hamm ; " or MATD’s potential isn’t as strong as everyone thinks! "

You clearly thought it had great potential when you predicted 40p per share simply on production starting...As though the Lassonde Curve has no relevance for resource microcaps in terms of speculator money pulling out once the exploration hype is over. That's why we had so many spikes for years during the exploration phase - it was caused by speculative money flowing in and out on " news. " Once the exploration phase ended, the speculators moved on to the next ones.

Frankly, I've learnt that it's par for the course with resource microcaps, which don't have the stability of institutional money influencing their share price.

Take a look at Met One's price action in the last year - it' still at the exploration phase, and its share price was 2.5p a year ago. Then on some sudden ridiculous hype, it shot up to 48p in May last year, and then back down to 1.8p by the end of last year. Imagine if someone bought in at 48p.....

"When a person high on the narcissistic spectrum is challenged, they often experience a "narcissistic injury"—a perceived threat to their fragile self-esteem or grandiose self-image. This injury frequently triggers narcissistic rage, an intense and disproportionate emotional outburst used to protect their ego and regain control.

Why Challenges Trigger Rage

Narcissistic Injury: Even minor or constructive criticism can feel like a devastating personal attack on their core value.

Loss of Control: Narcissists feel entitled to dominate situations; being questioned or told "no" threatens their sense of superiority.

Exposure of the "False Self": They maintain a facade of perfection. Any truth that reveals their flaws or wrongdoings is an existential threat that they must deflect.

Underlying Shame: Beneath the grandiosity lies deep-seated shame. Rage acts as a secondary reaction to avoid feeling this vulnerability.

Common Forms of Narcissistic Rage

Explosive Rage: Sudden, volatile outbursts involving screaming, verbal abuse, insults, and sometimes physical aggression or property damage.

Passive-Aggressive (Cold) Rage: More subtle tactics like the silent treatment, stonewalling, withdrawal, or sarcastic remarks intended to punish the other person.

Manipulative Tactics: Gaslighting (making you doubt your reality), shifting the blame onto you, or launching a smear campaign to sabotage your reputation. "

Interesting AI response ;

" The connection between microcap share speculation and narcissistic personality traits is primarily driven by a heightened tolerance for risk, overconfidence, and a psychological hypersensitivity to potential rewards. Research suggests that individuals with high levels of narcissism are disproportionately attracted to highly volatile assets, such as microcap or "penny" stocks, because these investments align with their grandiose self-perceptions and desire for rapid, outsized success.

Core Psychological Drivers ;

High Approach Motivation: Narcissists often possess a strong "approach" motivation—a focus on achieving rewards—paired with low "avoidance" motivation, leading them to ignore the high probability of failure inherent in microcap speculation.

Overconfidence Bias:

Narcissistic individuals tend to overestimate their own ability to "beat the market" or identify "hidden gems," viewing their success as a result of superior skill rather than luck.

Grandiosity and Entitlement:

Speculating on microcaps can be seen as a "get-rich-quick" avenue that validates a narcissist's sense of entitlement to wealth and status without the need for conventional, long-term work. "

" being caused " rather.

It would be interesting for psychologists to study the connection between penny share speculation and narcissistic behaviour.

Dusty the latest troll on here. Bears out what I was saying about the toxicity on these types of boards generally been caused by the amateur " I do this alongside my real job " types. They like to be noticed. If you can't bicker long and hard enough enough about a share, then argue instead about the geopolitical situation on these types of chat forums.

At some point I will leave microcaps behind for good, as it's a world seemingly populated by these types of people. High on the spectrum of narcissism and microcap speculation seem to be synonymous.

I think the interesting thing about the Lassonde Curve is how it points out that once the discovery stage is over, the speculators tend to pull out and move on to something else. So you get a big drop in the share price at around the time of first and early production.

So when people on here were going on about the share price rocketing up on the production milestone, they were ignoring this. Hamm with his " 40p on production " and Master with his "15p on the third well " etc. I think that the principle is similar, whether it be a mining junior or an oil junior.

"The Lassonde Curve, which tracks a company's value from discovery through development to production, is primarily designed for the mining sector to guide investors through lifecycle valuation changes. While specifically tailored for mining, its core principles of high-risk exploration, development, and eventual production can be applied to junior oil companies searching for new, unproven oil fields.

Key Takeaways on Application

Lifecycle Similarity: Like junior miners, junior oil companies are often explorers and developers (small-cap) looking to find new deposits, often facing similar funding and capital, to eventually move into production.

Value Drivers: The curve highlights key milestones (discovery, feasibility, permitting) that also influence oil companies' share prices during their exploration and development phases.

Context: While the curve is best suited for mining, it provides a general framework for understanding the high-risk, high-reward nature of junior natural resource companies in general. "

The Lassonde Curve is interesting ;

https://miningexplained.com/the-lassonde-curve/

" Dustyslay " posts at 21.27 on a Friday evening, and then at 06.56 on the following Saturday morning, having no doubt spent most of the night replaying all his posts and counter posts in his head. Looks like we have another obsessive on our hands....LOL.

Personally speaking, I've no time for dopamine fuelled ego validation nonsense to be honest. Or attention seeking narcissists such as BP. Enjoy the weekend folks.

"" I spent a week, researching your stock, reading the RNS material ", yet you did not know we were paid using DAQ33 which is based on Brent price nor did you know about 60 million barrel recoverable at Heron, maybe try harder. "

Good one Abzzba.

And btw, I also reported some of this guy's posts, as they are abusive as well as disruptive. Like I said, the most obnoxious ones are usually the " I do this on the side " amateur traders who have a predatory and hostile kind of attitude.

One thing I've noticed on these types of chat boards is that nastiness and toxicity often comes from the amateur " side hustle " type traders. Maybe during covid they decided that they could make a fortune through trading shares in their spare time - and many look at microcaps as having the right kind of volatility to trade frequently. So they very often populate these kind of microcap boards. And like oil and water, they don't mix with any longer term investors, who maybe have a less predatory mindset.

I'm sure that real professionals who trade these types of shares do so in a detached, professional and focused manner. They don't get into emotional dopamine fuelled spats on chat boards, but just get on with their work quietly - studying fundamentals and TA. Amateurs on the other hand like to tell the world what they are doing - their side hustle gives them a narcissistic sense of inflated self importance. And it's noticeable how many of these " side hustlers " have terrible grammar and spelling, which kind of speaks volumes I guess....

Dusty ; we get that you don't like the company. So why not clear off and find a company that does meet your stock picking criteria ?

Currently you are just adding to the juvenile nonsense which has always plagued this board. All the tit for tat stuff is just a dopamine addiction ;

" Internet "tit-for-tat" arguing functions as a high-intensity dopamine loop that mimics the neurobiological patterns of behavioural addiction. Each notification or reply acts as a "trigger" that releases dopamine, driving a compulsive need to seek further validation or "win" the interaction. "

Master holding on to his belief that share prices only go down if MB happens to be the CEO...

And that MB was responsible for Master in his own words " being too greedy " when the share price spiked to 9p in 2021. That would have been a pretty good profit with an average of 4p.