Member Info for LockedIn

RHA eletrification works nearing completion - an absolute must if it is ever to turn a sustainable profit.
PREM have converted an upper bounded, temporary payback schedule into a significant stake in a revenue generating, growing, succesful, profitable, uncapped revenue stream - transformational indeed.
Uses of Circum payout will be put to shareholders - it is not solely for GR to decide.

Smile ACKER, it's going to be a blue day

From 0.02's.

On target for another 1billion+ volume day. Let's see what the crocodile has to say this afternoon.

Total volume traded in the last 5 days is now greater than the entire issued share capital of the company. Astounded.

Shout out to all the LTH diluted to oblivion here. Has there actually been almost 50% of this company traded in the past 2 sessions?!

Yesterdays volume ~1.9 billion, todays volume ~3.3 billion ????? Staggering stuff considering the average has been around 60m/day for the past 4 months. The old dogs not dead just yet.

MB sounding perky when stating red deer results next week, here's hoping its strike 2 of 3.

@Lockyer, I'd be surprised if Velociraptor gets drilled this year. It's more likely MATD will go all guns blazing to get Heron on production this year, as well as testing of Red Deer and/or Gazelle in the event of success.

My play here is to hold into Red Deer result. If its dry, knowing AIM, the SP will take a battering which will be a perfect opportunity to add more pre-Heron flow rates (approx a month away) and Gazelle result (high CoS).

Bonanza volume day... let's see what the rest of the week holds

Great news this morning with a strike at Heron! All signs point to this being as good if not better than the neighbouring PetroChina wells. As always, baffled by the share price reaction. Hoping flow tests kick off ASAP which should then confirm MATD will be a profitable producer in 2020. Not bad for 8.5p per share! Onto Red Deer next with results expected in a week or so. Much higher risk with this exploration drill but any success here and MATD open up an entire new play in Mongolio. Regardless of the result at Reed Deer, Heron should now underpin the success of the company going forward.

Hoping for oil at Heron next week (high CoS, appraisal). Last Operations update forecast drilling AND logging to be complete around 9th Sept so we should know exactly what we've got (a nice thick oil column) on Monday.

The volatility here has been crazy pre-results... I can see things really kicking off if the results are as expected and with a second (and third) drill following in the very near future sentiment could take this a whole lot higher. MATD has been working for years to get to this point - good luck to those who've held for the fireworks.

MATD living up to it's volatile nature once again... 20% swings are becoming common place here!

Volumes for the past 3 or 4 sessions looking very good, presuming this will only get better as we approach next week and the first of 3 well results. I'd settle for a few more +20% days from now until then :)

The rollercoaster ride continues. I've given up trying to understand the PA here. Mike Buck needs to deliver this time.

Going great guns again this morning. Back to the 8-8.2p level which has acted as resistance several times previously. Let's hope we can get and stay above it in the next few sessions.

Straight through the MA50 this morning off the back of a reassuring update from MB. A rare opportunity here with results from 2 wells landing in the short term with a third to follow immediately after. Looking forward to filling the gap in the 11's in the not too distant future....50%+ increase from these levels

This has been some ride from pre-Snow Leopard. The 2p days were an absolute gift and well done to anyone who managed to grab some in the 5s over the past few days. Great news this morning now MATD can progress with the drillbit and finally deliver value to shareholders.

Anyone have any idea why there was a bonanza volume day on 7th Aug? Some mammoth sells went through...

07-Aug-19 15:57:25 15.00 2,000,000 Sell* 15.00 17.00 300.00k O
07-Aug-19 15:56:42 15.00 4,092,000 Sell* 15.00 17.00 613.80k O
07-Aug-19 15:56:42 15.00 4,092,000 Sell* 15.00 17.00 613.80k O
07-Aug-19 15:53:05 14.995 6,095,500 Sell* 16.00 17.00 914.03k O

Given back some of the gains over the past month but still up multiples from the lows just over 6 months ago now. We've seen some expected selling on spud RNS - there will always be those who will de-risk pre drill and rightly so if you were buying them up in the 2's, 3's and 4's.

In the meantime the drillbit keeps turning and we're a day closer to what will hopefully be the start of a very successful drill campaign for MATD. On the techs, RSI has been pushed lower on the back of the selling and the rising daily MA200 at ~7p should act as support if it ever makes it there. Taking a nice breather in anticipation for the next move up with a big gap still waiting to be filled in the 11's.

BB i hear you. I have concerns over the Otjozondu shares putting selling pressure on the SP but these shares are to be sold through PREMs broker so they can at least attempt to manage the situation. Otjozondu also received cash up front so they may not need to dump large amounts all at once. On top of that Neil Herbert will also be joining the PREM board and the idea is to build a closer relationship between the 2 companies so damaging one to help the other doesn't make too much sense.

The loan repayments shares will hopefully be held by Regent Mercantile - after all Dattels wanted to invest directly in PREM but couldn't so I would not imagine he is interested in flipping for a quick 10% or whatever. On a side note the shares required to pay back the loan could be more/less than your number due to the terms of the loan.

In terms of headroom left over, 1B is not a lot at current SP but this obviously changes drastically with fluctuations in SP (both ways of course!). If PREM can deliver on what they are saying i.e. RHA funded via Zim Gov, EPO -> JV at Zulu seeing PREM carried, cash from Circum sale then ongoing PLC funding as well as progressing assets is no longer/less of an issue. I've heard consolidation mentioned about as much times as I've heard RHA will produce profitably over the years. GR has consistently said he has no desire to do this. Will the time come when it is forced upon PREM? Potentially. In the meantime there are plenty other concerns to be chasing up on.

That would be great but then PREM would have £0 for PLC costs. EPO issuance opens up JV partner talks for Zulu, PREM meeting with Mining Affairs Board on July 23rd. Someone posted a great link the other day showing the process/stages of acquiring an EPO. I believe we are at stage 5.

Bluebelly/Jeremiah. Dattels already has invested in PREM. The US$350,000 loan will be converted to PREM shares. Dattels wanted to invest directly into PREM but couldn't due to the Otjozondu deal timing hence provided the company with a loan (A loan with terms which PREM could never have sourced elsewhere by the way).

The intention always was to convert the outstanding loan balance to PREM shares. Watch this space.

Chip completely agree - hence the reason I'm pleased to see the strengthening of the board. Without this it'd just be more of the same until the lights go off for good. Am I pleased to see it at the cost of X billion shares - not at all but we are where we are and if it doesn't change now it never will.

GR himself said anything is on the table at the moment. In the immediate term the benefit to PREM shareholders is the strengthening of the board with the additions of Neil Herbert and Peter Cunningham.

A publicly listed vehicle is an attractive option for NH/current Otjozondu shareholders. Any potential merger/JV/acquisition could provide a liquidity event for current Otjozondo shareholders and offer PREM a stake/ownership of a (to be profitable) producing asset in a country other than Zim. There is obviously nothing binding in this regard yet but that would be the hope.

Forget Katete.