Member Info for investor33

Spiritefan ; surprised you haven't deployed the tea leaves yet.

Jimi ; maybe just learn from mistakes instead of complaining so much. I think you will get your 3.5p in due course, but being bitter and cynical about the company isn't going to help much in order to help get you there.

Frankly, my mistake back in 2019 when I first buying some shares - which I drip fed in over the course of several years, mainly on raises - was to fail to look very closely at the typical price action over say the previous 10 years. Companies have differing price action characteristics, and a long term chart will reveal this, as basically it's a visual portrayal of price action. With microcaps it's particularly important to notice the price action, as it can often be extreme and volatile.

So had I done this, then I would have seen that it had spiked every year up late 2019 - it had been up and down like a yo yo - and therefore just buying and holding would really not be a good idea. I've since realised that this is typical price action for a microcap resource explorer which relies on frequent capital raises. Therefore in the exploration phase, and without the financing sorted out, IMO it was a share only suitable for dipping in and out of.

I've since recognised and learnt from this kind of mistake, however people who just point the finger of blame at others probably wont learn anything, and therefore might well do the same again in the future.

Proquo ; I don't think that anybody anticipated a raise at as low as 0.8p.

And no doubt MB must have been mortified as well when he realised what share price the entity the company had decided they were going to forward sell shares to were holding out for. Effectively close to junk status. He has a very large holding at - I presume - north of 2p. I guess the payment situation with PC didn't help, plus only one well producing at that stage.

"However, not all of us of who got the timing all wrong, and were lulled into complacency blame other people" I meant.

Jimithebrush ; I'm sure that many investors got their timing all wrong this one. In some ways, the lively price action in the years prior to production starting was highly deceptive. For anyone with an average no higher than 4.8p they could have got out at at some point in any year prior to June 2024. And that included the covid year of 2020 with all the borders shut and nothing happening. And at the peak of the spikes - which used to happen every year - they could have exited with a decent profit. And that includes me by the way.

There was lots of hype on here in early 2024 about what the share price would be on production, as though this would be the magical catalyst for a big rerate. Hamm's famous " 40p on production " prediction for example. And of course, Wos was in full flow with the hyperbole back then.

I think for many LTHs it's been a big lesson in terms of the risks of buying into companies at the exploration phases, and before the long term financing is determined. However, not all of us of got the timing all wrong, and were lulled into complacency blame other people, such as the CEO, or spout hatred towards the company itself. Some people just can't take any responsibility for their own mistakes, and always have to point the finger, rather than looking in the mirror and doing a bit of self-reflection.

Those who are better positioned right now are those who have come in since the last raise - that might be a bit of luck, or just good judgement. Sometimes people just happen to hear about a company at the right time, which can involve a degree of luck.

By the way, I notice that the downward trend in the MATD share price since June 2024 has mirrored a downtrend in the oil price from around that time, so hopefully we might now be able to reverse the trend. A decent farm out deal would certainly do this.

Jimithebrush ; given that you recently said ;

" Hope so - need 3.5p so I can leave the Matad saga behind for good" are you actually hoping for a raise and consolidation ?

Another bitter and twisted LTH by the sounds of it.

"Orosur " rather.

Some of the gold microcap explorers/producers are taking a hit today - Orasur down nearly 12%, THX down 5%....

"Key Aspects of Fiat Currency:

Definition & Origin: The term "fiat" comes from Latin, meaning "let it be done" or "by decree". It is currency because the government declares it to be legal tender.

No Intrinsic Value: Unlike gold or silver, paper banknotes or digital digits have no inherent value themselves.

Value Source: The value is based on public trust in the issuing government's stability, and supply/demand dynamics.

Control: Central banks manage the supply of fiat money to influence economic factors like inflation and interest rates."

This is why gold and other precious physical assets are soaring in value these days. People have been losing confidence in fiat digital money which heavily loses its value if you create too much of it, and is not backed up by anything which stores value. Even those notes and coins which we own are not backed up by anything of physical and real value. the days of Sterling or the Dollar being backed up by gold are long over.

And good old Gordon Brown in his wisdom decided to sell most of our gold right at the bottom ;

" Between 1999 and 2002, then-Chancellor Gordon Brown sold 395–401 tonnes of UK gold reserves at an average price of approximately $275–$276 per ounce. This period, known as "Brown's Bottom," represented a 20-year low for gold, with prices dropping to around $252.80 in July 1999 following the announcement. "

Fiat currency can just be created digitally on a computer. That's what " quantative easing " is. Nobody turns on a printing press and starts printing notes these days, such as happened in the time of the Weimar Republic. Most of what we call " money " is virtual. Only about 3% of the total money supply in the UK exists as physical notes and coins.

And virtual money has nothing of any tangible and physical value backing it up. It was usually gold in the days before fiat money.

Going back to inflation, that's why fiat currency is not a good store of value in the long term. Hence the attraction of physical assets such as bricks and mortar or even gold.

And oil is a physical asset - it's still lying under the ground in Block 20 just as it was when Soco sold Block 19. It's just that the currency that you would need to buy that field has lost a great deal of its value in that time - in the case of the Dollar 40%. So you need a lot more of that fiat currency in order to buy the same physical asset which has not changed since 2005.

Abzzba ; I didn't realise that Soco only owned 85%. That's even better, as we own 100% of block 20.

So adjusted for inflation, Soco would have been selling 85% of Block 19 for $154m or 100% for $177m had they owned 100%.

Actually, I didn't realise that Soco only sold 85% of their share of Block 19. How has that worked since 2005 I wonder in terms of income ?

Abzzba re ;

" Remember SOCO sold block 19 to Petro China back in 2005, at the time oil was around $43 bbl, and SOCO sold their 85% share of block 19 for 93 million."

It's important to adjust what Soco were paid so as to take into account inflation. The dollar has lost roughly 40% of its value since 2005, meaning $1 in 2005 is equivalent to about $0.60 today. So a $1 million net worth in 2005 would need to be roughly $1.67 million today to maintain the same purchasing power. Therefore if PC were buying Block 19 today they would need to pay $154m to purchase the same asset. That's what inflation does to the purchasing power of the Dollar, Sterling or whatever.

With Sterling in fact, it's even worse ; " £1 in 2005 has roughly the same purchasing power as £1.94 in 2025/2026, meaning the pound has lost approximately 48% of its value due to inflation. A single pound only buys about 51.6% of what it could then, with an average inflation rate of 3.20% per year over that period. Prices are approximately 1.94 times higher today than they were in 2005. "

BP ; if MATD is such a useless and hopeless case, then doesn't it make you look like a bit of a time wasting fool to spend every single day thinking and posting about it on here ? You don't make any posts about other companies on the entire London Stock Market I notice.

A classic case of cognitive dissonance I would say.

Corpse and badprophet - 95 posts between them in the last 30 days. Every single one about MATD, and every single one cynical and negative.

No other companies matter apparently - there are only about 1,900 of them on the LSE...

That was a sensible approach Proquo.

Proquo ; when did the company first come onto your radar ?

For me, it was too early unfortunately - back in 2019. I wish I had found it just last year. Still, after the EL was granted in July 2021 nobody could have forseen the provincial governor holding everything up for a whole three years. Without him, we would most likely have been producing in late 2021 and would probably have been well into a Block XX roll out via a farm-out deal by now. I would say that the company has been unbelievably unlucky in the past - covid as well of course.

Proquo ; when did the company first come onto your radar ?

For me, it was too early unfortunately - back in 2019. I wish I had found it just last year. Still, after the EL was granted in July 2021 nobody could have forseen the provincial governor holding everything up for a whole three years. Without him, we would most likely have been producing in late 2021 and would probably have been well into a Block XX roll out via a farm-out deal by now. I would say that the company has been unbelievably unlucky in the past - covid as well of course.