Member Info for Ironic

Another £500 @ 7.59p . Just a matter of waiting now .

Topped up again £1400 @ 7.59p . As good as 25% discount to the price the BOD paid recently in the over sold out of hours placing to institutions and Directors etc . Bargain huge drilling campaign fully funded . $30 million worth of drilling .

£1000 at 7.57p .I was surprised to get this top up nearly 25% below placing to the ..new and existing institutional investors and certain Directors and senior management at 10p . If it go’s lower I will be selling other holdings to buy more .

One drill at a time ...multiple zones targeted gives multiple chances . This and the next 5 drills are all very exciting and we should be climbing in anticipation . Not being manipulated by the MMs who I suspect are using paid de rampers to try and move the focus from the fact we are half way and already will hold data from the first zone . This is a great time for the company .they know it they have invested very heavily .

05They were all buying and needed a justification for allowing them to buy behind closed doors in the way they did . “””have been placed with new and existing institutional investors and certain Directors and senior management ”””. The main FACT is the fat cats wanted that second placing . They justified it saying it made us stronger . I agree it has made us stronger but to me the reason for the second placing so soon was to feed the fat cats more shares as many as they could afford fast .

They were all buying and needed a justification for allowing them to buy behind closed doors in the way they did . “””have been placed with new and existing institutional investors and certain Directors and senior management ”””. The main FACT is the fat cats wanted that second placing . They justified it saying it made us stronger . I agree it has but to me the reason for the second placing so soon was to feed the fat cats more shares as many as they could afford fast .

Sorry my point was the first 4 were fully funded from the first placing so the second placing was to allow the BOD to buy more shares at that point in time . The other two could have been funded at any point . The out of hours placing was a rush job either greed to let the existing institutional investors and certain Directors and senior management top up OR to fight of a hostile take over . But probably just greed .

I will sell other stock to top up here if it carry’s on dropping . The Directors and senior management created the last placing so they could top up ....have been placed with new and existing institutional investors and certain Directors and senior management ! . They know more than me and we’re getting what they could as fast as they could .

I will follow the experts thanks fundy ....The experts have bought over $30 million in 6 months . Last placing was carried out out of hours instantainiously I would imagine ! So no one could challenge or bid . Bought by new and existing institutional investors and certain Directors and senior management . Directors and senior management created and bought into the last placing they wanted more without pushing the SP to high whilst getting them . The first 4 drills were already paid for .

Drilling in progress over half way ! . Big institutions and Directors buying in in a rushed hidden placing conducted at night . Where is your uncertainty . Just because every thing won’t be back to back . If first results are good funded extra drills awaiting will give extra head room to climb .

The January placing stated that would cover the first 4 Drills . So why the June placing why not wait till January ? . The placing was announced after close of play and was completed before open of play the following morning ....”””placed with new and existing institutional investors and certain Directors and senior management “””. So in my view the second placing was requested ( at a premium to the first ) and sorted instantainiously .

Another £660 worth at 7.9p . It may go lower but a bounce then the climb will come eventualy .

Probably Chinese with a hot number Soi 6 . Fingers crossed for the bounce to start now . Back to 13p then start to build for results and next news .

The January placing to investors ....it took under 50 days for it to start a rapid climb . Following the June placing we are around 60 days since the investors and new investors and the BOD bought the shares ...so we are over due a sustained rapid rise just like last time ! .

This is AIM the alternative investment market ...very high risk ....high risk reward loss . If you are after slow steady gains you need to invest on the main market . Most are looking for that ten Bagger which is rare and takes time . AIM is dodge city full of wild two faced gun slingers . So your current loss is not bad for a AIM share , it is early days ! . You may lose more or you may ten bag , that’s AIM !

Which unwanted shares ???? OVER SUBSCRIBED PROPOSED AND COMPLETED BY NEXT MORNING
“Mike Buck, CEO of Petro Matad commented:
I am very pleased to announce the successful completion of this oversubscribed placing with new and existing institutional shareholders and I would like to thank them for their support. “

The other side of the coin ....a 40% drop requires a 80% rise to break even ...so possable 80 climb on the cards then maybe good news on top of that ? . The second pricing was at a good premium to the first which is not the norm on AIM especially when so close together and it sold within the day to professionals . So a giant gap up if good news arrives . Yes the RNS said news will be released on completion , but price sensitive news can not be with held if any thing significant happens . So let’s wait and see .

I do like the one share code . Let’s see if we get another gold find RNS from this one !

And another £530 ish at 7.9p well below the informed professionals paid price for £18 millions worth . Maybe the MMs are trying to squeeze them to sell at a loss ? .Any way I like buying cheaper than the city guys and girls paid .

High risk high rewards on the rare occasion we get it correct . So current M CAP and current cash raised for drills makes this a good AIM gamble ....lots of head room if we win ! . Just bought £1,700 ish . On the risk reward bases . Plus 7.9p is far lower than the professionals scrambled to buy in at £18 million sold in hours . ( book fill placing at 10p )