Member Info for investor33

Master ; in 2017 the share price had a high of 31p, and a low of 4.9p.

I love the way that you cherry pick a given price in a given year, and then state that the share price as it is now has fallen x % from that price. At best, you could take an average between the high and the low of any given year. In may years there has been 300 to 500% difference between the high and the low.

Have you ever looked with a degree of depth at the highly volatile MATD price action over the years ? Or better still, looked at the often wild price action of a basket of other junior AIM resource stocks when at the explorer stage ?

Guess what - Aim microcap resource stocks are highly volatile in terms of price action.

Some still obsessed with WOS for some reason. Circular thinking I guess.

Gravy ;

" KeV you were calling shareholders here *inbreds* not long ago, just f- off "

Well said.

The amateur traders have been a real pain. Professional traders on the other hand no doubt act like professional traders.

Great news. The price will go crazy if and when the farm-out is announced. Sounds like just a matter of time now.

It will solve the issue of how a quick roll out of Block XX is funded, and will transform little MATD into a real player in the industry. Hopefully the partner will be able to provide its own rigs and crews so as to massively save on what DQE charges us. For example, say around $500k per drill would make a huge difference in terms of a fast, multiple drilling programme.

And all this is without even considering the renewables side, which is currently not priced in whatsoever.

Oh, and OMI is still an explorer. It's not actually earning any income as yet.

BP ; like a few on here, you totally ignore typical Aim price action for junior resource companies, and insist on making MATD sound like some kind of freak exception to the norm. That's what happens when you are fixated on just one company, and lose all sense of objectivity.

For one thing, generating free cash is being commercial, and the other thing is how can you talk about a "demise " as though the company is delisting, or as though the share price is frozen for the rest of its days at the current level ?

Take Orosur Mining ( OMI ) as an example. Yes, that's another Aim company other than MATD - such entities do exist ! Its share price hit £3.00 in 2006, was at around 20p for most of 2009/10, and then flatlined for several years at around 2p. Then in late 2024 it started rocketing up to as high as 41p as of a couple of weeks ago, but has now just tanked again to 22p after a recent RNS disappointed in terms of how much gold they can extract in one of its mines.

That company's share price isn't " in demise " despite its extreme volatility. It's a junior Aim explorer, and that kind of price action is par for the course. It's 52 week price range is 7.05- 41p. With MATD its annual price range has often had 300 to 400% volatility since it was first listed on Aim.

BP ; "Finding oil has been the demise of this share - it wasn't until then that folks realised PM didn't have a clue (or the finance) to extract it on a commercial scale. "

Being in advanced talks for a farm-out, suggests that they do have a clue. And funnily enough, this strategy would also deal with the issue of not having adequate funds to quickly develop Blocks 20 and 7.

Do you have a job that you ever go to by the way, or do you just waste your time idling on here all day ?

"YO-YO WELCOME TO THE YO-YO SHARE UP DOWN UP DOWN "

It's obvious that the MMs are trading the spread at the moment - buying on the bid and selling on the ask. Nice profit when the spread's 9.5%. That's why they like a price action which is hardly moving in any defined direction.

@Hamm ; true. I was just pointing out though that total expenditure calculations have to include the expenditure on unsuccessful drills. We don't get refunded if the drill doesn't hit oil !

I hate the idea of the company trying to go it alone, as we are clearly paying far more per drill and per well finish than a large player might have to spend. It's important to remember that the hit rate on blocks 19 and 21 is around 55%.

"farm-in "

Hamm ; to properly work out the figures, you really need to know how much the farmee would need to pay for the drilling and finishing. Hopefully for a big player it would be far less than we have been paying DQE. $1.5m for drilling and completion might be realistic using their own rigs and crews. We are currently paying $4.5m for both with DQE. That's one huge reason why a arm-in would be so transformational.

However, the final cost per well surely also needs to factor in the total expenditure for all of the drills - 40 to 45% of which may be unsuccessful. That's why for a big player which might only be spending say $500K per drill - rather than our $1.5m with DQE - the figures will look so much better.

I know abzzba. I suspect that the worst people on chat boards like this tend to be the amateur " traders " who thought maybe during covid that they could do this as a lucrative side hustle.

I suspect that with any real pro traders out there you will never hear from them on boards like this. They just get on with it quietly and without fuss.

Kr1988 ; " Just playing devils advocate here, why has Petro China not shown interest in us over the years? Surly when the licence came up they could of picked it up as it was next door to their areas or gone for a JV/ farmout many many years ago. "

And why didn't PC pick up the Block 19 licence, and let Soco obtain it instead ? So in the end they had to buy Block 19 from Soco in 2005 when Soco were producing 350 bpd from 27 wells at what would be around $150m in today's money, given that the purchasing power of the Dollar is about 0.65 what it was in 2005. Block 19 has been a massive and highly lucrative success for PC - probably the best performing field in MG for many years. Think about that....

Flatline ; you said it would tank over winter.

Now you change it to " nothing has happened. " Do you professionally move goalposts for football clubs by any chance ?

"Flatline " on 7th Sept 2025 ; " Winters coming this will tank like every year. "

"I'm beginning to think the witholding amount outstanding might now be wrapped up with the farm-out/sale negotiations especially now we have the MOU with PC."

Possibly an attempt to slow or stop any possibility of the company using the withheld funds to further develop Block XX, which might might cause MATD to rule out selling the block to another party, such as Soco did in 2005.

What I don't understand about the 30% being withheld by PC, is why the Mongolian government hasn't stepped in by now. I mean surely PC are also withholding what would be a PSC payment to them ? They should have put real pressure on PC to cough up quickly after they established that no tax was due from the 30% being withheld for up to nearly 16 months now taking into account the first oil from H1.

Re Hamm's reply ;

"Thank you very much for your inquiry.

The farm out is progressing and one of our counterparties is currently completing its due diligence processes.

The Company is focused on progressing these discussions to determine if a substantive work programme can be executed using farm in funds.

We will continue to update the market on material developments. "

We were told that a proposal was submitted by the counterparty a few months ago now, and that they then requested some answers to a few due diligence questions, which MATD went ahead and answered.

I did email them about a week ago, asking whether the two other parties are still interested, and I haven't had a reply. Not sure if this would be deemed to be market sensitive information, so can't be answered. Possibly so. It would be nice to know. Due diligence for an oil major is bound to take some time, so I'm not surprised if the process is still ongoing.

It would be nice to have an update on the 200 MW hybrid project, and when it will reach RTB status. At that point it could be sold.

Orosur mining's MRE today shows the perils of buying into junior AIM resource stocks before production levels are properly known at the exploration stage. Some had been predicting 80p on the MRE being released, just as some predicted 40p here when production started. It's down from 40p a week or two ago to 30p today, as the figures have not been anything like as were predicted.

Proquo - well done. Very useful and interesting info from the company.

Obviously the party who made the proposal has invested a lot of time by now, including a field visit. That tells me that they are pretty committed. If they were going to walk away, chances are that they would have done it by now.

Sorry - that should have been " what they need to put in initially so as to get say 18 producing wells. " So assuming a success rate of 60% from the 30 drills.

The farm out agreement would no doubt specify how much of the profit made by each party should eventually be ploughed back into more drilling. So eventually it becomes self sustaining in terms of further expansion of the drilling programme. However initial funding from the farmee needs to get us to that point first.