Member Info for investor33

And H2 radial drilling possibly.

Dan ; plus the Gobi test.

I think what has been a killer so far for those who bought in years ago and have just held, is the fact that the raises have just been lower and lower each time. Last year, the 0.7p raise was actually nearly 70% below the share price high of 2025 ( 2.4p) That is quite shocking - though with only one well operating, with delayed and only partial payments from PC, and with oil around 60 Dollars, I guess the institution the shares were forward sold to held all the cards at the time. Hopefully if another small raise had to happen, our improved position would massively help matters.

Anyway, looking at the work programme for this year, I notice that possible radial drilling of H2 is on the menu.

Master ; I drip fed in cash over quite a period of time - about 10 tranches.

So it's not a case of me either being all in or all out.

And I was as frustrated as anybody when the governor held things up for 3 years - he tried to bust the company.

And if you remember, when that " Professional " guy maintained that there would be another raise in 2024, amongst others on here, I ( wrongly as it turned out ) argued that there wouldn't be one, as Mike had just told us that we were fully funded. I do still hold that as a black mark against Mike.

Ten ; you weren't around when Hamm and Master were both exuberant and enthusiastic about the company. Some of us have monitored the board for quite a few years now.

At one time, Hamm was one of the biggest rampers on here.

Kronomaster ; those timescales would be commensurate with the BG Group farm out deal ; ie 1.5 to 2 years.

We are all desperate for the share price to improve, however its wrong to say that because the negotiations have been ongoing for this amount of time, something must be wrong, and therefore it is all in doubt.

Hamm being overly exuberant about the company, its share price and its immediate prospects, but then does the complete opposite when the share price hits, and then bumps around at historical lows for a protracted period, suggests to me a genuine investor with a large holding, who is extremely worried. All the eggs in one basket kind of blind panic. I think that Dan called it correctly on this one.

Same for Master I would say - Master in 2024 predicted " 15p on the third well." Like Hamm, he has only become super negative after the share price hit historical lows.

I think it's easy to become a bit paranoid given what's been going on with this board, and to assume that all those who criticise the company are paid bashers. I think that some of the most vocal critics on here are simply people who have lost money and are bitter, or who are bitter because they are underwater right now. If the share price suddenly zoomed up then a lot of that negativity would suddenly dissipate.

Ten ; I'm not sure about that. He hasn't always been this negative - I can remember his posts from several years ago.

At one time he was always going on about " hold on to your golden shares " and then when people made predictions were made for the share price at the end of 2024, he said 40p....Plus, after an RNS during the exploration phase if the price started to surge, he would often say " 3p or 4p paid " and " we won't see this kind of price again... "

Also, until quite recently he seemed naive about what price spikes are - he was mocking me for talking about them at one point. Now he uses the word " spike " himself because he seems to have finally twigged.

So all in all, I lean towards thinking that he is an investor rather than someone who tries to trade the spikes, and that he went in far too deep too early with this one.

Maybe someone can ask him whether he's ever bought the shares of any other company in his life?

Rather than listening to Hamm's constant moaning that the farm out is taking long, essentialy because he is underwater, it was good to read Dan's timeline regarding the last farm out agreement with the BG Group in 2016.

From what I can tell from the timeline, it took about 1.5 to 2 years from the first negotiations. So those hoping this one might take 2 or 3 months are living in a fantasy world.

And notice that after the agreement was finally signed, it then had to be approved by the MG.

Master - take a look at Met1's chart for the last couple of years. That's just one example.

Pump and dumping is almost completely the norm on Aim, as much of the price action is driven by traders.

Even a large cap like Jet2 - which believe it or not is still on Aim - has massively volatile price action. Low liquidity small caps are always targets for pump and dump price action, and their volatility is often off the scale completely.

People seem to think they are buying into a Shell or a BP when they buy into small cap resource companies on Aim.

Bixy ; " Since Buck actually took to the Helm October 2017 the Sp is in decline and unfortunately investors and the market do not believe a word he has to say anymore."

In October 2017 the share price was around the 7p mark, however if you went back just over a year to Sept 2016, the share price had been around 2.5p.

Which just goes to show that there was a lot of trader driven pumping and dumping going on during the explorer stage, and which went on for many years. So which price comparison you make depends on whether you pick the bottom or the tops of the numerous spikes. In May 2021 the share price hit around 8.5p.

"I really hope that the upcoming AGM and company update will be the kind that puts reasonable peace of mind back to many here, who may have lost it along the way due to delays, uncertainty, NDA-induced silence and so on. It is hardly surprising"

I agree - very well said Dan.

I just think that there are lots of anguished LTHs on here, such as Master and Hamm etc. I don't think that anyone can blame people for this - since the 5.3p achieved in late May 2024 when the LP consent was announced in an RNS, it's been a very rough and disappointing ride for the LTHs.

When you think about it, last year's raise was around 70% below the high of the year- so it's hardly any wonder that some have become very disillusioned. That was one hell of a shock for many. Let's hope that the hopefully imminent positive news turn things around completely for everyone.

Glad I don't subscribe to DM. It just opens one up to unsolicited communication.

TBT ; all pretty strange stuff.

Dan - thanks for clarifying.

Dan ; as ever, your post was balanced and well thought out. Thanks for that - you're one of the best posters on here.

I do maintain that the thing which really messed this company around more than anything else was that rogue provincial governor, who single headedly blocked the company from having access to Heron for around 3 years. Without him production would probably have commenced in 2021, and we would be miles further down the road than we are now. He more or less attempted to bust the company for reasons known only to him. For several years the raises were used mainly to keep the lights on, rather than to develop Heron and Gazelle.

Re cost opportunities. Someone might have bought £50k's worth of MATD shares at 7p in May 2023 and be £41k down by now, or they might have bought Rolls Royce shares in May 2023 at around £1.50 and would recently when it hit £13.50 have converted that to around £450k.

Now that person who bought at 7p would most likely be only interested in trying to just about break even. Choices and decisions can make or break us.

TBT ; what kind of things does he say ? Why doesn't he just find something else to do with his life other than obsessing about LSE chat forums ?

FYI, going on an email that I received at the time ( back in Jan ) the company did get directly involved in dealing with one of the most toxic people that ever appeared on this board. He was permanently banned from the MATD board in the end.

Dan ; isn't there a third party involved with the 200 MW project in addition to Sunsteppe and MATD ? I seem to vaguely recall reading this, or maybe it was just referring to a contractor of some kind ?

Thanks Dan. I guess an RNS on the day itself is quite possible.