Member Info for Legalwolf

PP - not in Char, but decent bounce so far and good recovery play for anyone who took it. It's made more on the bounce than I was actually looking for on the original trade!!!

Thanks for the response fellas! Will take a look at the chart this evening to see if I can make any better sense of the price action and likely direction of travel.

Are we sure the CURRENT burn rate is 200k/month?

I think I have said previously that I know nothing about O&G wells. Would someone mind explaining why there is still room for doubt about how many bopd Heron 1 will produce? If on previous testing the well flowed at 821bopd, why would it not produce that many bopd when it goes into production soon?

Also, how much is MATD likely to get for each barrel of oil produced following this deal with PC? I know the terms of the deal need to be announced, but just trying to get an idea of what is a reasonable to expect? What kind of revenue/profit is MATD likely to achieve just from Heron 1?

Don't know if anyone has already looked at this.

If or once GCAT gets out of suspension, what would be the remaining big risks or questions, if any, that potential investors need to be aware of here still?

With proper testing, what is the range that the bopd could end up as if the initial figure was 821? Could it improve or does the coyness suggest it will be less?

That’s correct Sharetrader. Ole 50p is cheating on Alexa with Siri.

It’s a shame. MATD looked like one of the best bets only a few months ago. Why is the market so hesitant when the news appears to be quite positive.

Any particular reason they would be coy about flow rates now when they previously got 800bopd?

Yes - best to just ignore 50p (and his aliases). I think this BB gives 50p his main purpose in life now, which is to troll OMI and bait others on here, in between spending time with Alex Siri.

“…. commercial terms are near final. They are in line with our expectation and understanding of the costs of the ongoing transport, processing and export operations.”

Need to see the terms to see just how “understanding” MATD has been with PC here. Will the market like the deal?

Unless TSX respond by requiring a shareholder vote, I will go with drilling in November, but by December latest.

As long as the POG keeps rising, I actually don't mind if drilling gets pushed out a bit further than that. Much rather Pepas results land when POG is nearer 3000 than 2500, as it will make for stronger sentiment and a higher triple digit rise from these levels imho. GLA

How the hell did you end up with a 50p average. Like seriously? I honestly don't know whether to laugh out loud or cry at reading that.

Or should I not ask?

Bhargav - most people would kill for a 50% rise. Ask most traders and they will tell you that 50% is actually a fantastic return. Where else can you go right now and readily get a 50% rise.

I guess the problem is that YOU need closer to 2500% rise to make the same amount of money as the rest of us will make on a 50% rise. That's NOT going to happen so keep on crying.

As it happens, I think the rise here will be more than a 100% if everything goes to plan from here (which means timescales as well), but will settle for 50% if that is all that is on offer.

Bhargav - you are never going to make your money back, we can all be agreed on that. But the rest of us are not in your sorry situation, and there's every chance of us making some decent money here from these levels. In fact, I've already done so once already on the recent rise from 2.5p to 5.5p. That was with the last placing and warrants, which you said back then would kill any chances of profits. You were wrong back then!

You're like the sorry drunk tramp who once had it all, but threw it away. The rest of us will be partying and pitying at your expense. That's how its going to rock and roll here. You keep posting away, but watch how this game is played, and try to learn, if your mental faculties are still capable of doing so.

Would it not have been difficult for BG/broker to get this placing away, if there wasn't some good news (i.e. liquidity event) imminent, that they could promise to their placees in return for them taking the placing shares?

If the TSX approval was going to be months away, then would they not have needed to wait until nearer the time to place?

Again makes me think that TSX approval will land in a matter of weeks, and we will get the 800m of drilling done in 2024.

I think that's the most likely scenario and timescale, but of course nothing is certain.

If the TSX approval was going to take months, then it begs the question of why not just have the shareholder vote? It only needs X weeks of notice to hold a vote, and the outcome is an inevitable voting in favour of the deal?

The SP is behaving as if MATD is going to end up in winter shutdown, meaning we will all have to come back in Q2 2025.

I don't post as often on here these days. I have a smallish holding in POW, which I haven't added to in about two years. But it does seem to be like Groundhog Day (or Quarter) in that it's the same ole debate with POW. It does seem like no matter what POW does, it isn't going to work (in the sense of boosting the share price) until some sector sentiment returns. I'm less concerned about the AIM market in general, as I don't think it is as dire now as it was in 2022/2023, when very little seemed to 'work'. This year has been much better, across a number of shares. But maybe we need to see a commodities boom/bull market, before companies like POW catch the market's attention.

But some of us have been waiting a few years already for that to happen. Alternatively, maybe the next boom in Uranium, which sector had a really good run in 2023, but POW was maybe not as well positioned to capitalise on that then, as it might be for the next one.

I don't know, POW remains a conundrum and is not much loved on AIM. I've realised that instead of posting anew, I could have just cut and paste from most of my previous posts on POW.

I'll keep it in the pf for now, but several times i've wondered why I don't just sell. Maybe because it's rock bottom and that's normally a time to buy/add. There must be part of me that is holding out for 'that day' to finally arrive here. GLA

I agree with others who say that where MB could, perhaps, step up his to accompany what are positive sounding RNS with an interview to fill in the inevitable gaps and questions that arise from the RNS. We have had very little from MB since the presentation a few months back, and things have most definitely moved at a pace since then.

At times like this, doing the media and comms can really help with sentiment, and there has been a complete absence of this from MB, which is very surprising when you consider that his RNS are suggesting that MATD is on the cusp of greatness. Well come out and bang the drum!

Of course, I appreciate that he will likely be very busy right now, but really, can he not spare an hour or two to do some media. He could address questions like timescales, any impact of winter shutdown, production targets, etc.

By not coming out, it just fuels the questions/doubts on here, some of which are genuine and not FUD. Just a thought....