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It is already May and there is still no FO deal (and will likely be none at all)

Regardless of the outcome of any FO discussions, there is simply not enough time to drill any new wells this year. Even if all the paper work has been done in advance (which by itself is unlikely knowing how inefficient MATD has been in this regard)

Finding a drilling contractor, negotiating and signing a contract, do a mobilization, perform the drilling and a subsequent testing - it all takes time. In MATD’s case, it all takes a lot more time than you would expect

Therefore, in the next 12 months MATD will continue to be a minor company with 250 bopd production at best. And, inevitably, a one penny stock

It is not just Mike, even though he is definitely the one to blame

It is also the quality of the key asset, which is mediocre at best

You replace MB with somebody else but the asset will remain the same

Just do not understand what is happening to this stock

Plus or minus 5-10% in a single day, on no news or developments

Stringer, what do you smoke mate?

If we are at 5p at production start, we would be extremely lucky

Suspension tomorrow

Good luck to those who have chosen to hold into the suspension

Can’t see a placing at or above 25p. Probably indeed closer to 20p

Adding 500-1000k everyday at or below 1.3p. Total position is now 15 mn shares

It is no brainer it will be at least 2p in the next 9-12 months

3p would be even better but having too rosy expectations for this company has rarely worked well

Someone seems to be still selling despite telling us only long-term IIs participated in the placing

There are two possible scenarios re FO and both are not good for MATD:

1) No deal at all, and this is a base case scenario. Everyone who has a slightest idea what M&A is about clearly understands this

2) Dilutive FO deal at valuation close to current MCap.

It’s still better than the 1st option, as it would provide some hope for the company. Buy more time, drill 2-4 new wells, hope flow rates are better than at the existing wells

The longer the wait, the less chances for the 2nd scenario

Suspension is going to be brutal for the share price as we approach the 1st of May

People will start selling like hell next Wed-Thu

Proquo, you are an idiot. Stop embarrassing yourself demonstrating again and again you are unable to understand the very basics of investing

You’d better go check the Brent price and copy-paste it here 10 times a day. That’s your maximum

8p target price for MATD. What a moron

Judging by dynamics of oil production in Mongolia, which has more than halved in the last decade, PC does not seem to be interested in further developing its upstream business in Mongolia. Possibly for the same reasons why MATD’s asset has all the chances to eventually remain undeveloped

It looks like PC have just produced oil from existing wells in recent years and haven’t drilled new ones. Hence a decline each and every year

Gvw121, I am confident that if there is a FO partner, it will NOT be PC (or any other Chinese or Indian major)

Let’s get real - MATD has a small asset with mediocre geological characteristics. It is of zero interest to large guys even if it is a 100% sale

Also, PC can do whatever it likes with MATD without any partnership. As MATD is dependant on PC in so many ways

The tax issue has clearly demonstrated this

PC can just increase the cost of its services by 5-10 times and get a substantial chunk of MATD’s economics without spending a dollar

And it happens pretty often when small producers fully rely on infrastructure of big companies

2p is the best you can expect this year. And it’s gonna be quite a challenge to reach it

If it happens, it will be just a short-term spike, most likely

3p is unrealistic

It is a 1p stock and it destined to continue this way

There is no farm-out deal, it’s obvious by now

Nobody wants this sh@tty asset even in the current oil price environment

A raise around 1p - that’s an update, which is more and more likely as every day passes

Still better than the previous one at 0.8p - thanks to the oil price!

Into 20s tomorrow?

Read through the risks section of today's RNS - it looks really scary!

Do not understand who would agree to provide $100 mn under such circumstances. This company is more dead than alive and buying more time wouldn't help, in my view

If this deal is not approved by Zhevago, what can be the share price into suspension? Will people start selling like hell?

Only one week left

No updates from MATD for more than 2 months

Coincidence? I don’t think so

Do they have 2026 sale agreement signed? Has the tax issue been finally resolved?

What’s current production? What’s current cash balance?

What has happened to a farm-out? Is it dead by now?

What are they going to do this summer? Any plans to drill new wells? How will it be financed?

So many questions and not a single answer. So typical of MATD

Good to be above 1.5p. Hopefully, there is now only one way