Member Info for investor33

Take a look at 2reincarnated's posting history on lots of different boards. Every company he comments on says is about to raise or/ and their share price is going to tank.

Same ilk as that KoolKat individual. They must think they are smart.

And I love the way that "KoolKat" pays homage all the time to how " the market has spoken " as though it is a deity of some kind. All knowing and all wise, and always impartial and fair.

Presumably the market " spoke " that day in 2023 when after closing the previous day at about 3p, there was a 7am RNS and the MMs marked the price down to 1.8p on the 8am open and then up to 6.5p on the same day. And then back down again to around 2.5p a few weeks later without any news. And the original RNS was about nothing of any real significance.

Re this " KoolKat " person is the latest trader to have turned up, looking for his entry.

If you read some of his other posts, he trash speaks the prospects of SAR and QBT on their boards. It's clearly just what he does.

And I think I understand somehow the difference between turnover and profit somehow. Fact is that we were told months ago that the operating costs of the company were trimmed in order to make sure that the revenue from H1 covered these. Therefore revenue from Gazelle is free cash.

This guy has only just starting looking into MATD as he sees trading opportunities, and has just scanned some previous year's accounts without knowing how the financials have changed in the last couple of months. We were only told about the Gazelle result on the 9th October.

"It's comparisons like that Investor that make me realise what a great investment this might be, and a large part of that is knowing that it's a 'safe' investment and getting safer every month that passes. "

Absolutely Thornogson. Comparison is important.

I have them filtered, however I can read people's responses to the bashers, and I can see loads of green boxes this morning.

Funny how those apparently discharging their civic duty through trying their best to prevent investors from having anything to do with MATD aren't bothered about Tullow Oil being $1.6b in debt, and don't think to criticise Pantheon Resources for spending $33m on just one well " with production still dominated by stimulation fluids, intermittent oil since 3 November and consistent small oil volumes and steady gas output from around 19 November, after recovering about 40% of injected water. "

Nope. All that matters is a pursuing a vendetta against MATD and its shareholders and being on this board all day every day including every weekend.....

"Surely he wouldn't have timed it so close to xmas unless he has some good news, well we will find out tomorrow."

Exactly c001959. He's a decent guy methinks.

Googoosh is very obviously WOS, who I couldn't stand. WOS vanished straight after the second to last raise for about a month. Then he vanished in May this year for good seemingly.

Same coarse and vulgar style of posting, typically peppered with lots of "booms " and rocket emojis.

To put things in perspective, look at Tullow Oil.

58p in early 2022, 24.5p in January this year, has had a low this year of 3.5p and is 5.8p today.

"Tullow Oil faces significant debt challenges, with net debt around $1.6 billion as of mid-2025, largely driven by a $1.2-$1.3 billion senior notes maturity in May 2026, leading to recent credit downgrades and concerns over defaulting, prompting active refinancing talks with bondholders and highlighting pressure on the company to manage liquidity and capital structure despite asset sales and operational improvements, as reported by Bloomberg.com"

"Nov 21 (Reuters) - Tullow Oil (TLW.L), warned on Friday that 2025 production will be at the lower end of its forecast as it races to refinance its capital amid mounting debt and overdue payments from the Ghanaian government, sending its shares to a record low."

I was reading about a guy on their board who sold all his RR shares to average down on his Tullow shares, and has now lost 400k through not sticking with RR. He has just sold out at a big loss today with some of his Tullow shares, and would lose another 50K if it goes to zero.

Just checked with AI ;

"Petro Matad's total accumulated losses since its inception are approximately $150.23 million. "

So the company would need to make above this figure in accumulated profit before it could start paying out any net profit in a given financial year as a dividend. So all net profit would have to be retained until it gets above this figure. A dividend payment could only happen therefore if block XX was sold for north of $150m.

Proquo ; " No chance of a divi unless there's a sale in my view. Any upfront payment from a farm-out is best used to improve the company coffers."

There's no way that a farm-in upfront payment would get anywhere near the total of accumulated losses since 2008. Therefore the payment would have to be retained by the company for however it wants to use the cash. It wouldn't be allowed under company law to pay out a dividend.

The only way you could get a dividend payout in the near future would be if they sold block XX for say $200m or more. Based on a sale of $200m that would cover say around $140m of accumulated losses since 2008 ( or whatever the accumulated loss total actually is ) and then leave say $60m to be paid out as dividends. The other $140m would presumably have to stay as retained profit on the balance sheet to be used by the company for developing the business.

Hamm ; " I would strongly prefer the company to reinvest in additional oil wells, drive production growth, and allow the share price to rerate to 10p+, rather than paying a dividend. "

You will have you wish as I'm sure that the company can't pay dividends until it has made something like $140m of retained profit, based on the assumption that it has made losses of around $140m since 2008. Most of those losses were under the previous CEO of course.

Hamm ; it's not possible anyway until income exceeds the total accumulated losses that the company has made since its inception, which I think is around $160m isn't it ? I really don't know how much has been spent in total since 2008. On the other side, I know that they received $15m from Shell at one stage.

The profit and loss account is a running total of profit or loss since the company's inception.

Re dividends, unfortunately I can't see how these can be paid out in the near future, due to the accumulated losses since the company's inception.

"Accumulated Position is Key: The law requires companies to look at their total financial position, not just the current year's performance. The current year's profit is added to any previous accumulated profits, and then all accumulated losses are deducted."

" The ability to pay a dividend depends on the overall balance of the profit and loss account, not just the result of the most recent year. If, after adding the current year's profit, the company's retained earnings balance is still negative (a deficit), dividends cannot be legally paid. The current year's profit must be sufficient to first wipe out all previous years' accumulated losses before any residual profit becomes "distributable" as a dividend. "

Have SM filtered, however someone quoted this from him ; " "I bring you back to the time when MB opened their data room to interested parties a few years ago. At the time similar things were said and all of the party ended up walking away."

He's talking about a time well before MB was appointed( 2015-2016 ) and when the company was exploring different blocks entirely. His talk about MB being involved with the negotiations at the time is a basic lie. Plus It was an explorer not a producer at the time, and therefore had ZERO income. He's comparing apples with oranges ;

August 2016

Following Shell’s decision to exit Mongolia, Petro Matad concluded negotiations with Shell in relation to their exit and received cash consideration of USD 15 million.

April 2016

Following Shell’s acquisition of BG Group, Shell undertook a worldwide portfolio review and decided to exit Mongolia. Consequently, the working interest held by BG Group reverted to Petro Matad.

June 2015

Farm out deal with BG Group was unconditional and Petro Matad, as operator commenced operations under the farm-out agreement.

April 2015

Signed a farm-out agreement with BG Group on Blocks IV and V.

Have SM filtered, however someone quoted this from him ; " "I bring you back to the time when MB opened their data room to interested parties a few years ago. At the time similar things were said and all of the party ended up walking away."

He's talking about a time well before MB was appointed( 2015-2016 ) and when the company was exploring different blocks entirely. It was an explorer not a producers and therefore had ZERO income at the time ;

August 2016

Following Shell’s decision to exit Mongolia, Petro Matad concluded negotiations with Shell in relation to their exit and received cash consideration of USD 15 million.

April 2016

Following Shell’s acquisition of BG Group, Shell undertook a worldwide portfolio review and decided to exit Mongolia. Consequently, the working interest held by BG Group reverted to Petro Matad.

June 2015

Farm out deal with BG Group was unconditional and Petro Matad, as operator commenced operations under the farm-out agreement.

April 2015

Signed a farm-out agreement with BG Group on Blocks IV and V.

Abzzba ; and those experts will have been poring over the 3D and 2D seismic data for months as well - unlike our " Dunning Kruger " armchair " experts. " Lol.

" an institution " I meant.

Predictive text !

Hamm ; it's a farm-in not a farm -out. There is a difference for you to look up. Es

And clearly they are not going to discuss the key commercial terms whist discussions are ongoing with three different parties.

On point 8 - we don't know what the share price was at the time that a forward sales agreement was made with an installation. For all we know it could have been agreed at the 2.5p high of the year. The date it was announced means nothing, as the forward selling had already been happening.

Re point 13 ; no doubt the answer is the same as to why the company didn't take out loans before it became a producer - how can you approach lenders without any income ?