Member Info for investor33

One or two of the regular posters on here quite possibly work on trading desks...

The algo bots will also be programmed to analyse TA indicators - so if the RSI looks in overbought territory for example, and then an RNS uses words such as " disappointing" etc then the programme will act accordingly.

Proquo ; I suspect that algo bots analyse these RNS releases and act quickly on them. No doubt they pick up on words such as " disappointing " and " unfortunately" etc. MB really needs to be made aware of this kind of thing if he doesn't know already.

People such as TenBag always talk about " traders " as being just PIs who dip in and out. However these MMs have their own trading desks who actively trade the volatility of micro caps. I suspect that those are your " traders " who are the real movers and shakers regarding the share price - not the semi amateurs. And they use sophisticated algo programmes in order to make lightning fast trades on an RNS when volume and volatility will tend to be high.

I don't know what the other " more expensive " route to market was that MB once referred to, however it must have been cheaper than only getting 70% of the value of your oil.

A farm out is the best option, as proven by the disproportionate impact on the share price that H2 is having. Don't forget that a year ago the share price also fell hard when it was announced that H2 had run into issues.

When you only have 3 wells and one runs into issues which make oil extraction uncertain then it has a big impact on perception of the company's prospects.

If you do a farm out and drill say 20 wells, and 4 of them don't hit oil then the impact is far lessened.

This is why the company should only be looking at a farm out.

Just the interest on the withheld amounts so far might have made up for the extra cost of the other route to market.

I guess the other more expensive route to market that MB once mentioned ie not using PC, would nonetheless have been a lot cheaper so far through not having the 30% wrongly withheld.

We have been put too much at the mercy of PC, and they have messed us around.

The Aim is to the main LSE indices what the darkweb is to the internet.

If its mcap allows it in time, this company should definitely look at relisting on a credible index.

The best thing the company could do eventually would be to relist on a professional index.

Aim is just an appalling index.

Look for yourselves on barchart dot com.

Go into a chart and put it into " candlestick open to close" setting. Look at a daily and a weekly MATD chart going back 3 to 5 years.

What is strange looking at a weekly candlestick chart is that there hasn't been a really large green bullish candle since May last year when the LP was granted.

When the company was an explorer, prior to that cut off point of May last year, the candles were generally much longer. Hence the big price spikes that we used to get.

Hamm ; you've been told many times that there are no shares available to borrow. Nobody can short using actual shares - and derivatives such as CFDs or spread betting do not influence the share price.

Proquo ; it's the wild west price action typical of aim. Once I exit eventually I won't be going anywhere near this index again...

To think that it hit 5.3p when the LP consent was granted in May last year...

GreenMan ; re the renewables, obviously it's an RTB project that's to be sold to a developer. I presume your comments are based on this, and not MATD doing the actual development of the site ?

I mean the timescale difference in the UK between a farmer getting PP for say 20 houses and then selling the land to a developer, vs raising development finance and then doing the development himself is in the order of years.

GreenMan ; don't forget that if a farm out partner wants to start drilling when the window opens next year, then an agreement needs to be signed very soon. Equipment would have to be booked well in advance.

Plus the MG will be desperate for an agreement to be signed quickly for the reasons that abzzba has mentioned below. If the drilling doesn't start next year then there's no chance of the refinery being well supplied when it opens from block 20.

CptBucky ; unfortunately the board has attracted one or two crackpots, like the one who claims that he is on a 70k a year salary, but can afford to spend all day posting on here...

Apparently he went to university, which is no big deal these days since every Tom, Dick and Harry tends to go to uni...at one time it was only about 10% who went into further education.

Maybe that's why law graduates tend to end up as baristas rather then barristers...lol.

Greenman ; also, if people are exiting en masse as you make out, why are there so many more buy orders ? 312k Vs 186k sells last time I looked.

The fact is that if there are not enough shares available to meet the demand, and the MMs don't have any in their inventories, then all they can do to fill buy orders is to drop the price sharply in order to engineer liquidity.

GreenMan ; you haven't commented about what could well be an imminent farm out announcement, despite what the second to last RNS stated about the advanced negotiations. Surely this would be the real game changer ?

No comments from you either about the renewables side - another person who seems to believe that this is only an oil business. The 200 MW hybrid project, which some of funds from the last raise went towards, would be worth $5m to $10m to MATD, and this may well be at or very close to the RTB stage, which is the stage when it can be sold. The 4 renewables projects in the pipeline will be worth $90m to $180m.

And I disagree about there being no benchmarks. How about Soco in 2005, when having extracted just 350 bopd from some 27 well in the neighbouring block 19, it then sold this to PC for around $150m when adjusted for inflation ? I would have thought that this would be a very good direct comparison - we are extracting 350 bopd from just two wells - not 27. Plus 3D seismic data has been done for part of block 20, which was not the case for block 19. Still, PC bought it though - and block 19 has been the most productive field in Mongolia to date.

As it says on the MATD site ;

" Mongolia’s oil production steadily increased until 2015, reaching a daily production of ca. 24,000 barrels of oil. More than 90% of the country’s annual production has been solely from Blocks XIX and XXI in Tamsag basin in eastern Mongolia in recent years. "

At the peak in 2015, Mongolia was producing about 9m barrels of oil per year. And a large portion of that was coming from block 19, which Soco sold to PC in 2005.

Read for yourself ; https://www.petromatadgroup.com/mongolia/oil-in-mongolia/

BroBarker ; as a LTH myself, I share your frustration with how the share price has performed since the LP was granted in May last year, and also with the massively discounted last raise, however just to remind you, you wrote the following to the company straight after that raise ;

" To " test " prospects that many believe to be little more than duff pipe dreams. "

Do you still think that a 120% increase in production was just a " pipe dream? " Just curious to know....