Member Info for investor33

Mlbeck ; thanks for your interesting thoughts - it's good to hear what a relative newcomer makes of it all.

Something has been going on with the share price - that's for sure. The mcap bears no relation to how much 33 to 58m barrels in block 20 are worth. And in each of the last 10 years the mcap has been valued much higher without the company even having legal access to the land. Even in the covid year of 2020 with the borders all shut, the company employees taking pay cuts in order to keep the lights on, with no income and with no Heron legal access granted, the share price still hit 4.8p.

RG27 ; I read this previous post of yours ;

" It's AIM, one should be willing to take the good with the bad, I'm down many tens of thousands having put in over £90,000 and have an average of 3.8p so currently quite a loss.

Luckily made up in other areas and the majority of the investment was the £60,000 + profit on the old Hurricane investment.

I still expect the share to eventually come good once the refinery comes online or with a JV / Buyout .

I can't say I'm bitter, but very annoyed that MB stated the company was fully funded just as I slung in a £20,000 buy (it was a fat fingered purchase meant to be £2,000 - whoops ) and then went for a substantial giveaway of shares at a 48% discount."

I agree that it will come good eventually - the assets are still there, and are worth a lot regardless of the current share price. Frankly, I feel that shareholders like you deserve a lot better than what we have been served up so far. Same for Hamm, Master and many other LTHs.

Rg27 ; one thing is for sure - just before a raise the share price has been suddenly vigorously pumped. And only the MMs can do this. Look at July 2021 - it soared to 10p after the exploitation licence was announced, only for a raise to be announced immediately afterwards.

And then last year in early June after the local consent was announced - the share price pumped to just over 5p, and then a 2p raise announced straight afterwards.

It's just very convenient for some that these pumps happened just before a raise - and the MMs either guessed that a raise would happen soon after some significant news, or they already knew before the pump started, in which case they were informed.

Mlbeck ; IMO there probably aren't that many PI shareholders. Petrovis hold about 200m shares, and the MMs must hold a certain number in their inventories.

So let's say we are left with 1.1b shares and you have 1,000 PI shareholders holding an average of 1.1m each. Some more, some less. MB probably has about 13m shares for example. Many will have held their shares for several years.

IMO the share price suppression has been designed to loosen the sticky fingers of these LTHs by frustrating the life out of them. We have heard from one or two who have capitulated just recently, having held for quite a few years. One had 2m or 3m shares I think he said - he sold up just the other day.

Another factor may be the no of PIs who currently have voting rights if a JV or buyout needs to have shareholder approval later. Could an entity be trying to muscle them out through an orchestrated campaign of share price suppression ? This trend really started after the local consent was finally obtained about 13 months ago now. After every significant milestone thereafter a wave of heavy selling set in. Not a single positive RNS has resulted in a surge in the share price.

Mlbeck ; IMO there probably aren't that many PI shareholders. Petrovis hold about 200m shares, and the MMs must hold a certain numbrer in their inventories.

So let's say we are left with 1.1b shares and you have 1,000 PI shareholders holding ab average of 1.1m each. Some more, so me less. MB probbaly has about 13m shares for example. Many will have held their shares for several years.

IMO the share price suppression has been designed to loosen the sticky fingers of these LTHs by frustrating the life out of them. We have heard from one or two who have capitulated just recently, having held for quite a few years. One had 2m or 3m shares I think he said - he sold up just the other day.

Another factor may be the no of PIs who currently have voting rights if a JV or buyout needs to have shareholder approval later. Could an entity be trying to muscle them out through an orchestrated campaign of share price suppression ? This trend really started after the local consent was finally obtained about 13 months ago now. After every significant milestone thereafter a wave of heavy selling set in. Not a single positive RNS has resulted in a surge in the share price.

Hamm - very true.

It's worth noting what Met1 did though - a series of adverts which has stoked up massive retail investor interest. So their volume levels have been insane recently. Our volume levels are usually non-existent on an average day. Met1 are years away from making any profit, and they will need to raise a hell of a lot more in order to monetise their assets, yet their advertising has drawn retail investors in en masse.

Mlbeck ; " it’s obvious that 99% of long-term holders have been seriously underwater for over a year. even a small effort to boost confidence in the market would’ve been appreciated, but we’ve seen nothing from him—in fact, quite the contrary. he’s done the opposite, which just shows how little he cares about shareholders. honestly, his salary should be tied to share price performance."

I tend to agree. He is paid a hell of a lot, courtesy of the shareholders, and resides in Singapore. And IMO given that there are so few employees, the wage bill is far too high - 2m is it ?

And he did make a misleading comment just prior to the last raise, stating that the company was fully funded until next year etc. A few are still seething about that one.

Hamm ; " All we really need is just one solid piece of good news to flip the whole sentiment around. Something like Heron-1 hitting up to 400 bopd would do wonders. And if we get success from Gobi, Gazelle, or a smooth H2 perforation—that’s more than enough to shift the mood and get things moving in the right direction. One spark is all it takes."

It will move when the MMs want it to move. And when they make it move and thereby stoke up FOMO, then the retail investors will start jumping in. It works that way round.

Even higher when it went to 10p in 2021 after the exploitation licence was granted.

Retail investors don't spike a low volume micro cap - MMs do. That outrageous example in 2023 was a good one - basically an RNS based on hot air, and in one day it spiked down from 3p on the previous close, to 1.8p on the 8am open, and then all the way up to 6.5p on the same day. And then it tanked back to around 2.5p very soon after.

Mlbeck ; in fairness to MB and the board, they lost 4 years of production due firstly to covid and then the rogue provincial governor who refused to sign a tripartite agreement which the MG and MATD had already signed. That 25 year special purpose agreement was finally granted early this year - some 3 or so years later than it should have been. That governor had some kind of beef against MATD for some reason. He was replaced maybe a year ago.

And work out what the mcap ( briefly ) was in early 2017 when the MMs decided to spike it from 2.5p all the way up to 38p....

Worth noting that straight after the 2021 exploration licence was granted, the company was briefly valued at around 140m. There was no income and no access permission to Heron in place back then....

If the MMs wanted, they could value it tomorrow at a similar price. They can spike it to whatever they want, whenever they want, though it's usually done under the cover of a positive RNS in the background....

Also, a buyout would be based on the number of recoverable barrels of oil under the ground in block 20/Heron, which a CPR estimated at between 33 to 58m.

So not based on what might well be a manipulated mcap, which is a hell of a lot lower than the highest valuations achieved in each of the last 10 years when no oil was being produced, and no legal permission to the land had been granted. That's why some people believe that price suppression is going on right now.

Mlbeck ; apologies if I've misinterpreted what you are about on here. You will appreciate though that for the last few months there has been an infestation of new accounts set up solely with the intention of posting exclusively on the MATD board - and always with the purpose of making scores of negative comments about the company.

Yes, I made those comments, however I've also pointed out several times in recent weeks that we are in a price range, and that the resistance level of around 2.3p/2.4p has been hit 3 times already this year. So I don't believe were locked in at this price unless a JV/farm-in/buyout happens.

I think what puzzles me a bit is why you aren't doing a broad spectrum of research, rather than just going entirely on what I have posted ? I have my own views about the price action, though some might have other ideas. Some think that the price is being suppressed by parties who might have an interest in block 20/Heron, and want to put themselves in the most advantageous negotiating position based on the low current mcap relative to the average taken over say the last 7 or 8 years.

Mlbeck ; IMO you're clearly yet another stock basher " in disguise, " who has created another ID yesterday with the sole purpose of casting as negative a slant as possible in relation to MATD.

Giveaway signs are ;

1) A new account set up on the 1st July, with all the comments solely about MATD so far. And all the comments dripping in negativity. A person genuinely looking at the possibility of investing would be considering all angles, and not forming a particular opinion one way or the other so quickly.

2) Typical stock basher spiel - making a big thing of the current share price, as though it will be frozen forever in time at this level. And no basic due diligence by someone ' researching the company ' to notice that we are in a range, and that the share price has hit around 2.4p three times already this year, including just a month ago.

3) Related to the above - using typical stock basher spiel to make out that things are hopeless ; " Only hope is a JV or buyout, but with current price so low, even a 30% premium means just 1.7p. Wtf "

4) Negative remarks about MB - though somebody researching the company very recently for the first time clearly would not have formed a particular viewpoint on the CEO so quickly.

Mlbeck - anyway, considering you only set your account up on the 1st July, and have devoted 8 posts to putting down MATD, I presume that you are not entirely what you claim to be....Any ambitions to post on any other board ?

Mlbeck -in a word " MANIPULATION. " The MMs have blown the share price up like a balloon in the past with nothing of any significance happening. In one day in July 2023, straight after an insignificant RNS, they spiked the price down from from the previous day's close of 3p, to 1.8p on the open, and then up to 6.5p later in the day. And all on the back of news which was total hot air, and with no local access consent to Heron granted at the time.

Dozza ; You can force LSE through an NPO to release Adw's details so that you can then pursue him for libel/defamation ;

" A Norwich Pharmacal Order (NPO) is a court order compelling a third party to disclose information or documents to an applicant. "

Mlbeck ; the company discovered the Heron oil back in 2019, but they were held up for 4 years firstly by a rogue provincial governor, who blocked them from obtaining the 25 year special purpose status licence, and then also by covid. Those two things cost the company 4 years of production at H1. Their assets are worth a lot more than the current mcap, and now they have all the necessary permits, including the 25 year licence. I'm expecting either a JV/farm-in or a buyout of Heron, which should be worth at least $100 to $150m.

Mlbeck ; it's interesting to see what's been going on with Met1 recently. That had an ad campaign which has pumped the share price enormously at times - it seems that it's been retail investors almost entirely who have bought like crazy into the company off the back of these ads. Recently the price was pumped up to 55p, and then back down to 7p 3 weeks later. The volume levels at times have been crazy. Met1 currently have zero income, and very little money to set about drilling with.

Going back to MATD, the price action is weird. There have been several positive RNS releases since last May, yet no spike in the share price such as used to happen regularly pre-production. Typically the share price would rise strongly in the first few months of the year, leading to a raise. My suspicion is that if the MMs think that no raise is coming then they don't pump the share price. The question is do they get insider info about whether a raise is going to happen ? Negotiations for buying large quantities of shares must happen with he relevant parties well before a raise happens - otherwise how does the company know that the raise is bound to be successful before they announce it ?