Member Info for investor33

Trouble is a few on here are not mentally strong enough to filter the idiot troll. So they keep feeding him with the attention that he craves.

On the one hand they talk about what he writes being trollish drivel, and on the other hand they keep reading what he writes. That's being hypocritical.

We would surely have been told by now if H2 is to be an injector well?

One concern I have at the moment is the falling price of oil. Seems the Saudis want to cut off their nose to spite their face. There's talk about it falling below $50 a barrel. It's now at a low of the year which it also hit in May.

Another good reason to diversify away from being just an oiler.

Really, who cares what this adw198 person does with his 2.5k ? Filter him.

A self important narcissist desperate for constant attention..

Since the LP was granted we don't get those sharp spikes for some reason.

The MMs will only be willing to hold a limited amount of shares in their inventories with volatile microcap companies. So they have to do tricks to create liquidity when it is needed.

That's why you get down spikes sometimes at 8am on an RNS release - they can quickly get their hands on some shares through triggering stops, and can also create some supply from panicked sellers.

That one in 2023 after a hot air RNS was released was a classic example of this - from around 2.5p on the close of the previous day, to an 8am downspike to 1.8p and then a magical recovery up to 6.5p on the same day. The MMs made a killing that day. Then it tanked again to more normal levels soon after.

Or the MMs seeking more liquidity through dropping it. They have to try and engineer liquidity sometimes if there is not enough supply to fill orders.

Exactly TenBag.

Zeus mentioned that nothing has been factored in to the share price yet for the renewables side of the business.

Tie this announcement in with ACWA power's recent announcement, and it really is something massive that's about to happen.

Don't forget that part of the funds from that last raise went towards getting the 200 MW RTB project ready to sell. That will be worth 5 m to 10m for MATD's share of the profits.

It also insulates the company from oil price volatility.

A nice reminder that MATD is now far more than just an oiler.

Andii - you do realise that the withheld tax issue has now been resolved after the government confirmed that no tax was due, and it is therefore now agreed with PC ( after a meeting with PC's top brass ) that the outstanding amount from previous invoices will be paid, and future invoices will be paid in full ?

I don't know why you are still factoring the 30% into your figures.

And also given that the three ex pats ( all British I presume ) are taking 70% paycuts, the wage bill will now be massively reduced - wages in Mongolia are low. Almost certainly the ex pats accounted for a major part of the wage bill. £2m a year to run the company is therefore now probably a big over estimation. MB did state that the current income from H1 is covering the running costs of the company, as they trimmed costs to make it fit. Maybe try listening to the investor presentation again ?

That's good news Proquo.

Fair enough Thornogson.

What nonsense by Thornogson about nothing potentially happening over winter.

As well as the farm out deal, what if ACWA announce that they are doing a deal with SunSteppe, or the sale of the 200 MW RTB project is announced to whoever ?

Some people still regard this as solely an oil business for some reason.

If H2 was to be a water injector well then we would surely have known ages ago ?

What's happened to " our Kev ? "

I thought he was poised to make a killing through trading MATD and in his words " not staying for long ? " Well he would already be 50% up had he bought in at the raise price.

He spent most of his time on here though posting ignorant nonsense ( " the renewables would only be worth pennies " etc) about why this company is going nowhere, and taunting the LTHs for being underwater. With hindsight It was probably one of adw198's other accounts.

The bottom line for me is that when a company is still an explorer, and dependent on frequent raises, the only safe tactic is to dip in and out on any spikes, which are usually triggered by an RNS.

Otherwise you can end up frequently averaging down and still ending up underwater, as you were trying to catch a falling knife.

Once the company moves to being revenue producing and self funded, then you can look at a buy and hold strategy.And ideally you would have bought in at or near the low - however it's notoriously difficult to call this exactly right. How many people bought into RR when it hit the low of 30p in 2020 for example ?

Don't forget that a record of consistent annual raises impacts on investor confidence - especially those who are new investors and are weighing up historical trends of how the company has made key decisions.

With the second to last raise, it was done straight after the LP was granted, when the price shot up in one day from 2.5p to a peak of 5.3p.

The fact is that we don't know when the forward sales agreement was signed, or what the market price was when Buck agreed it with a city institution.

And as for averaging down - this depends on how much an investor has already commited in the past. We can't assume that everyone has an infinite amount of cash to keep throwing at a company - I have averaged down in the past, however the Naked Investor advises against it in case you end up trying to catch a falling knife. As ever with this game, it's best not to be too dogmatic about these things - it depends on a range of factors.