Member Info for investor33

The share price has actually been a steady downtrend since that peak of 5.3p when the local access permission was announced on 29/05/24. Take a look at a chart and you can see this. Obviously two raises have had a lot to do with this - the last raise was 60% lower than the June 2024 raise.

I guess there's also been the factor that earnings after production actually began turned out initially to be far lower than would have been the case had H1 produced something close to the 821 test flow rate. I still can't figure out how they came up with such a high figure relative to what we have now. I doubt if any well in block 19 comes anywhere close to 800 bopd, so that test figure seems completely ridiculous with hindsight. Plus H2 not initially producing a commercial rate.

Had H1 lived up to anything near to 821 bopd then that alone would have made MATD self funded. H2 being commercial even more so. Plus MATD have been messed about with the payments by PC, which hasn't exactly helped. However, once the actual production figure for H1 became apparent, it opened up the possibility to at least one more raise, which then came true in July. So sentiment has been battered by all this.

The remedy would be more oil from H2 and hopefully also Gazelle, and then a farm out agreement being signed. That would make the company at long last self funded, and finally kill off the spectre of any further raises. Too many raises can destroy a company's credibility, and destroy investor sentiment.

TenBag ; it's a completely false argument that you keep repeating.

Whether someone should sell up or not depends on how much they have put in and how much they are down by.

It's like you always saying that it's always best to buy and hold - that's just far too simplistic a thing to say. These types of decisions depend on a range of factors, and very simplistic and dogmatic statements such as " it's always best to buy and hold " and " you should always sell up due to the opportunity cost factor " etc simply aren't always realistic in the world of microcaps.

Proquo ; well said.

TenBag - with respect, the " opportunity cost " argument is false for people who are heavily underwater. There is no opportunity elsewhere if when you sell up there is hardly anything left of what you put in. That's basic common sense.

What you said about " opportunity cost " would be valid only for people who will make a small loss or breakeven if they sell up. The last two raises, and the collapse in the share price from 5.3p on the day that the local access was granted ( 29th May 2024 ) has meant that many LTHs are locked in for now.

You've never stated when you bought in and at what average.

As I've said before, it's not a good strategy to buy and hold with a microcap which is not properly funded, and is likely to raise. I have bought in on several raises, however I would have been far better off getting rid of the shares bought higher before the raises happened. The spikes gave that opportunity for those who took advantage of them.

A 13% spread ! The MMs are making a fortune right now.

What happened to that guy who was going to buy 80Ks worth on the open yesterday ? Retail herd instincts.

For once I agree with you KevinRound.

IMO a farm out agreement will push it up several multiples of where we are now. Rerates at the end of the day are caused by an expectation that revenue will increase.

And as the Zeus report mentioned, nothing to do with the renewables is factored in yet. That 200MW project which will hopefully be ready to sell soon should be worth between $5m to $10m to MATD after a 50-50 share with SunSteppe. The project is worth up to $20m.

Those sucked into the current ORCP buying frenzy have just found out what " being spiked " means. Up about 35% on the open and now down about 6% just a minute or two later.

Met1 in summer shot up to 55p after some sponsored ads stocked up a frenzy. It's now about 3p.

Please send it on abzzba. Thanks.

Proquo ; the renewables side will eventually turn out to have been a masterstroke.

Master is either one of the bashers in disguise, or far more likely someone who thought that you can buy any Aim stock at any time and be guaranteed of riches.

He said himself that he " got greedy " and didn't take what presumably would have been a large profit when it spiked on the exploitation licence news in 2021. Or another spike to around 7p in 2023.

Read other boards - people who are experienced with aim are always talking about spikes, and watching out for them. For companies without revenue, spikes are part of the usual price action. We are not talking about main market companies with totally different price actions.

Master ; 90% of what exactly ?

Do you mean 90%0 of the 1.5p to 2p that the share price has by default settled at for most of the last 6 years in between the spikes to 4p, 5p,7p etc ?

You would think that the share price has flatlined for the last 6 years rather than bouncing around all over the place. When it used to spike every year - often several times - we should all have been simply dipping in and out and watching the price action like a hawk. Buying and just holding up to now was a really bad idea.

First two points I meant.

Abzzba ; those two points you mentioned will have a huge bearing on the farm out negotiations.

Do you mean buy out the company or one of its assets, such as Heron, but not the whole of Block XX? Or maybe the whole of Block XX.

Don't forget if anyone bought us out they would have to be buying out the renewables side of the business as well.

The 5 projects in the pipeline are worth 90m to 180m USD shared with SunSteppe.

Down 9% today. Oh dear. As usual with this company, a slow motion car crash.

Don't tell the SANTIAGO troll though, he just trolls other boards in order to make himself feel better.

SANTIAGO the HE1 troll.

That's the company that's down 9% today, and whose share price performance has generally been a slow motion car crash.

I guess it helps him feel better. And amazing how trolls always use childish emojis to reflect their infantile minds.

Master : the share price will increase significantly when it becomes apparent how the company's income will increase substantially.

Take your pic - a farm out or renewable projects being sold. And free cash from H2/Gazelle/Gobi will help too.

Question is - which will earn the most next year, the oil or the renewables ?

There is a 200MW project close to the RTB stage which should be worth 5 to 10 million to MATD. Probably ACWA will buy the project. Plus several others in the pipeline.