Member Info for investor33

OldsCool ; Fair enough. Given that you had only done a couple of posts relating to MATD, I mistakenly thought you must be another KevinRound type of character who has just turned up. Sorry about that.

Oldscool who makes his second ever MATD post, yet seemingly claims to know all about the comms history of the company...

Hopefully most of the shares are held in very sticky hands, which would create a sudden liquidity crisis for the MMs if something dramatic happens on the news front.

It's a liquidity problem caused by a sudden large supply/demand imbalance that can launch a share price. There are quite a lot of shares in issue, but hopefully most will hold on waiting for more. That's why many traders and investors pay a lot of attention to float size when assessing a company.

Though the market makers sometimes absorb some supply or demand from their own inventories if they can't match buyers and sellers due to an imbalance. That's why they legally have to own some shares in order to guarantee at least some degree of market liquidity. If they run into trouble, then they have to sharply mark up or down the price. Generally MMs don't like to hold very many shares with volatile microcaps, so imbalances can happen very quickly.

This is why in the past we have sometimes seen some sharp down spikes on the open when an RNS has been released and the MMs needed more shares in their inventories, so they hit some stops and shook some holders out. The ones they hit were bought very cheaply which reduced their risk.

Like that time in 2023 when it finished at about 3p the previous day, then an RNS was released at 7am the next day and it spiked down to 1.8p on the open, and then spiked up to 6.5p on the same day.

The share price hit 5.3p on the day that the LP access consent was announced. There have been two raises since, though not particularly large ones. I think we had 8p or 9p when the exploitation licence was announced in 2021.

I see the main resistance levels as being around 2.5p, 5p and then 9p to 10p. When a resistance area goes it tends to move up fast beyond it.

Kevinround - instead of coming up with lots of reasons to downplay the company's future prospects ( "the renewables will be worth pennies etc " ) why didn't you just say nothing, pick up a load at 0.8p and then enjoy a 100% profit to date, with likely a lot more to come ?

That's the way that real traders work - not spouting nonsense on boards like this one. You were telling people on other boards that you were waiting to see whether to dip into MATD, yet it seems like you have already missed a 100% move.

Of course, it's possible that you have another agenda completely. Sounds to me though that so far you have become a victim of the propaganda that you regularly pump out on here...😂

Kevinround talking about others posting " rubbish " on here makes me think of kettles and teapots...

Abzzba - will do.

"That they know better " I meant to finish off with.

Well said abzzba, though one or two resident idiots on here with very obvious Dunning Kruger syndrome issues probably believe that t

Well noticed Master.

If it was to be an injector well I would have thought that nothing would happen immediately, as it would surely take a long time to inject a large quantity of water in order to significantly help improve H1? I would have thought that it wouldn't be worth it until there were more wells close to H1 and H2? Abzzba said that with the wells being 800m apart it would be a long time before any effect was noticed with H1.

And I would have thought that some huge containers would be required to hold all that water ?

Good post Sgorio.

And no doubt in my mind that the main factor in " the glacial pace " was that blasted provincial governor unreasonably refusing to sign the special purpose land designation. Instead we had to get permission at the local level, and we lost three years. The fact that the government gave a 3 year extension to the special purpose designation for the land to make up for the governor's actions proves that he was totally out of order.

Since the local permission was granted in late May last year things have moved on at a reasonable pace given that it is such a long winter shut down in terms of drilling or workovers.

My feeling is that as the well has warmed with the pumping, the waxy oil has increasingly flowed better.

And MB is prob consolidating various news in one RNS. An RNS does cost several thousand pounds.

With a significant RNS due any day, the MMs will be acutely aware of them being caught short of stock if there is a sudden demand surge following news.

The MMs drop the price if they are short of stock - this way they hit stops, and shake out traders who may be nervous about any profit being suddenly taken away.

" Let’s not get caught up in individual buying strategies — this isn’t about anyone boasting how they averaged down. Plenty of long-term holders have big positions at very high averages and can’t just keep adding, no matter how tempting the price."

I agree. It's not very respectful to some LTHs who bought in years ago, and who helped keep the company afloat up to now. There have been some posters on here talking about having averages of over 10p, I don't suppose they are jumping around with glee right now.

And I expect that many averaged down on the second to last raise at 2p - so to expect them to do it again at the vastly lower 0.8p wasn't exactly reasonable. Some people anyway don't want all their eggs in one basket - it's easy to get overly fixated on just one company, especially with AIM.

I think you will be fine Master. The farm out announcement may well propel it to around your average, and perhaps beyond.

And for what it's worth, my average in my ISA is 2p, and in my SIPP 3.5p. I'm confident of at the very least getting my money back. A farm out can't come soon enough though.

He's obsessed with averages as it's material to help him taunt with- typical of the manipulative behaviour of a sociopath, and it's also a way for him to feel that he has some kind of power and dominance over you through knowing this.

Mentally basic males with no powers of self- reflection are always trying to assert power and control over other men. It also gives them a dopamine rush - he's probably got his weed and alcohol by now, and now wants his dopamine fix.

Y-Alam ; I have total sympathy. Pretty well all the LTHs who didn't dip in and out on the raises and spikes will have been in the same boat.

Yet still some peddle the ' one must always buy and hold ' nonsense on here. The fact is that when the company was an explorer the share price was a pump and dumper. Hopefully now that it's a producer with increasing revenue this will have changed, so that buying and holding is now actually sensible.