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Brent oil fell below $75 for the first time since the Iran war began, as more tankers openly cross the Strait of Hormuz, while the US and Iran signal progress toward ending the war.

This is now relevant. All the nonsense of the last few months was not

The company will apparently run out of cash pretty soon

Will it declare insolvency if there is no raise?

There have been hundreds if not thousands of posts here referring to oil prices at various dates recently. The posters were ecstatic how MATD will greatly benefit from geopolitical instability

It is clear by now it will not

PC will wait till oil price drops further, then buy all stored oil in one go at a spot price then prevailing

High oil prices seen over the last few months will be irrelevant to MATD

It is just so MATD way of doing business - missing each and every opportunity

Apologies, thought it was MATD thread, lol

Definitely not the case with KEFI

Yes, valued fairly

The result is 1p share price for the rest of 2026

There will be no material news this year

And mind you getting cash for oil supplied six months ago is not a piece of material news, it is just business as usual

MATD will just report once in a quarter production has dcliebd further. It will probably fall below 200 bopd by year end

That’s it, nothing else

I hope MATD will not do a raise this year, they probably don’t need to, given nothing is going on

We’ll be now slowly drifting towards 1.0p. Hopefully, not below

That’s assuming there is no raise

What’s not to like?!

Unbelievable that some people still find some positives in today’s RNS

They are not idiots. They are just lunatics. Out of touch completely

You can’t have an emptier RNS than today’s

Nothing, absolutely nothing. Half a year wasted with no developments

I was right in everything. FO is dead, not a single dollar received, no works on existing wells, no drilling new wells

Production decline is huge, not “in line with expectations”

It was obvious MATD would remain a 1p stock for the rest of 2026

The real question now is whether the share price will be above or below that 1p

There is a zero chance it will be ONGC or any other major or NOC

People seriously claiming this nonsense just demonstrate their complete incompetence in O&G

7.5 average, unbeliavable, Proquo

85% loss

now I understand your obsession with this sh@tty company

Proquo, now I better understand why you have so relentlessly referred to 8p as a target price

Your average is 7.5p

No more questions, lol

“Let’s hope…”

Hope is the last resort for brainwashed idiots indeed

Can’t wait to see humiliation of those with plenty of hope tomorrow

I agree that if there were an offer today, it would probably be close to 2p

Whether such an offer would be approved by shareholders is another matter. Probably not but you never know

Out of five trades today, two are for 77 shares amounting to £1 each

I reckon it was someone from a local “MATD is on the rise” sect significantly increasing his position, lol

Expect the following announcement tomorrow:

Negotiations are ongoing and we will update shareholders in due course

And then in a few weeks’ time:

We are pleased to have successfully raised X mn at 0.9p representing a 12.5% premium to the previous raise

Two trades for 55 comments, allegedly ab all-time record

Nobody cares about this sh@tty stock except for a few clowns on lse forum

Number one in trending on no news

Can imagine what it will be like once there is finally sh@tty news in the next couple of days

Don’t understand the market reaction to today’s RNS. Why is it negative?