Member Info for Legalwolf

Without jinxing it, this is looking good imho. A smaller consolidation/tightening up within a larger re-accumulation pattern. Now because we are likely to be entering a period of positive newsflow next month, the odds would favour a breakout from these levels at some point next month you would think. But let's see and GLA.

What did our parents teach us - never trust a stranger. Never more true than rumours on an AIM bb ahead of news. I mean, it's not like he's even claiming to know the insider. It's a mate of a mate of mate.... dubious and posting under a new account as well.

The thing is there is no point jumping in ahead of results at BCE, because the share price is not giving any reason to do so.

If the news is good, then it will likely open in the 7s, but there's plenty of upside left from those levels. So why take the risk?

Thanks folks - i've put a small holder position in and will look into it some more. I prefer companies that have just raised.

I'll take a closer look at this company over the weekend, but are there any holders here who wouldn't mind summarising the pros and cons of this share? What newsflow is expected and by when?

Alternatively, if this has already been summarised in previous postings, or a particular interview/webinar by the company, please could you direct us to it. Thanks and GLA

Is it a 'good company' in terms of its fundamentals. What's the buy case i.e. near term newsflow that might make it rise?

I will take a closer look at it over the weekend, as I think it's been mentioned a few times on here.

Yes, no way an audit should take this long, especially as there was a full audit done for the previous accounts. I do wonder whether PKF are not happy with the evidence they have been provided, rather than dragging their heels as such. We also have a clue about this from PKF asking for an independent review of the mine plan. Maybe there are other things they are not happy with.

A real 50/50 whether this will relist. I really hope it does for holders, and that this represents a line in the sand, after which the company won't end up with these issues again. But it needs some proper governance and maybe RM to take a different role, as its clearly imho not his strong point.

This is why we need an update and explanation from BG. They are well into the process, and he should know where the process is or what the hold ups are. For example, have they agreed with MMA, but are waiting for the regulatory approvals from the authorities. If so, then we know that MMA are not playing games again with OMI, and its simply the usual time it takes for the authorities to give the approvals.

Well I hope and would expect an update next week. He can't go from "End of April" to "End of May" to simply "Complex commercial transaction" and expect to leave it at that, when we are in the month of June!

He will surely appreciate that when he has said something in a RNS that is incorrect, he can't just leave that hanging in the air. After all, we are not talking one deadline that has been missed (April), but also the second one (End of May).

Anyway, let's see what next week brings and GLA.

Don't forget KAV - that's done 200% after I first called it on here. And it's still got legs. Likely to end up as my biggest gainer of the year.

Yes Breaktwister - that's what I spotted on a re-read of the RNS. Is that BG's subtle way of letting us know (and justifying) that it's going to be delayed. It's okay giving a deadline and missing it by a month.

The other thing is that he said he wanted to be drilling in May. Now granted that they can't drill until the deal is signed, but did he also not realise about the permitting and that it would also take time?

So it seems he overcooked on two fronts - the time it would take to get the deal over the line, and the time it would take to get the permitting etc. Unless they are both intertwined.

Well, he previously said end of May, hence why I'm wondering whether if it's going to take much longer BG will provide a further update, or whether this week's non committal RNS IS the update?

If the RNS doesn't land on Monday, do we think we will get another update specifically on Colombia, or is this week's update going to be it?

Great discussion folks. The power of compounding is at the heart of the success of many successful investors, including the Master Warren Buffet. He started his compounding at the age of 8, when he started his first 'business venture'.

I think you have to factor in the market conditions. When the market is bad, then you have to aim low and go for the 20% to 30% profits, rather than the big hits. But when the market is good, there are big hits to be had (50% to 150%), but you have to be there at the right time and make the right judgment on them. Luck plays a big part as well.

Between us, we've had some of these big hitters in the last year, it's just that we have not all capitalised on each of them (e.g. HE1, KAV, HEX, KAT) or when we have been in them, we have not traded them as well as we might, which is where the fear and greed comes in.

I find the hardest thing is letting go of something that hasn't quite worked out and still thinking it will come good. When your original thesis hasn't played out, it's no longer a reasoned trade but a hit and hope wild hit. This is one of the attributes of the really good AIM traders (like Trek) - they don't hesitate to protect their capital first and foremost and run for the exit door if something isn't working out.

KR - "50% in with your pension" - hope for your sake that you pull it off but very risky to put pension money into an AIM drill.

Problem with working out a fundraise, is that we all know that companies often do them when it's opportune, and not only when they need the cash. In order to work out which approach the company will take, you do sort of need to have some LTH type of knowledge of that company and its approach to fund raising. When I looked at MATD last accounts, they were only to June 2023, so unless I've missed anything more recent, it's hard to work out what its current cash position will be, cash burn etc, from which you can then work out the likelihood of a raise. Also need to remember that the fundraise usually has to be incentivised, so has to happen ahead of, or in the middle of the good news cycle.

I think the troll sees itself as the donkey being ridden by the BOD here. And each day it gets fed by BG, with the immortal words "here's your green of the day".

Just seen talk of a fundraise. The last one they did was in Feb 2023, so probably due another one?

Can someone give me a very short summary of the buy case for MATD. I've gone on the BB and it's just full of share price commentary and predictions. What is the project that is causing all the excitement and why? I'm not all that clued up when it comes to the oilers and don't follow them all that much. Thanks

Let's not be selective about what we quote from the RNS. It clearly states:

"A further announcement will be made ONLY when all requisite approvals have been received and legal and regulatory documents have been finalised and signed, or when required by regulatory obligations."

So the documents could be signed next month, but no announcement will be made until the regulatory documents/obligations are fulfilled. All I am asking is how long might that take (based on past experience of Sri Lanka), and if its going to take longer than a matter of weeks, why can't we be told the terms of the deal on a "subject to regulatory approval basis"? How is that unreasonable?

Anyway, I've made the point and will leave you to enjoy the echo chamber.