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Strange day but nothing suprises on AIM. Fully expect us to rise this week still, once MB gets some news out to the market and they realise what we have.
Placing in the future or no placing in the future, this share still has the legs to reach 8/9p before any such talk can be even considered.
MMs mopping up shares into close, tried a dummy and could sell all my 800k shares in one go for 4.625p.
Time for MB to get out there and start telling the story to everyone. Was very quiet over the weekend press wise considering we have our first major oil discovery in Mongolia last week.
I hope we are looking to develop our marketing. I mentioned before the RNS at Heron that there was a change in the marketing of news for Heron. Photos of the team up close etc.
It's a small detail, but if we want to attract new PI's then it's a must.
Exactly - LSE bb is not going to sway the market. Ask Oiler87 who the night before the RNS slated MATD with his other de-rampers, only for us to rise 101% the next day.
Pre-Heron there was a lot of trading between 7.5p - 9p. I fully expect those traders to come back and us to be 8p+ in no time at all.
Genuine question, what happens now with the SP over the winter period. Obviously we are not drilling but plenty to update on with regards to future drill plans and Petro China etc.
Without actual drills in the ground is it normal for the SP to continue to rise in this period or does it maintain at a set level? I assume this is where news is key to keep the investors interested.
I for one will hold regardless until we hit around the 18p+ mark and then will consider options.
Have a great weekend everyone. Petro Matad, we're on our way back!
When you consider the buying levels PRE Heron at 8/9p then it is isn't really a "rise" as I see it, just merely a rate correction.
Was oversold down to 2.7p, should of always been around 5p prior to Heron as Gazelle was interpreted badly by the Market for some reason.
9p by end of today would be justified IMO but long term who cares!
At 2.7p they were well and truly on the ground. Have to remember that 5.5p is still hugely undervalued and when AIM stocks take off then they take off. Myself I'm happy with a gradual increase now, what excites me more is that the big V has hardly been mentioned today. All to come in 2020...
Pro, great post as always.
Can you do your little price estimates based on the below.
If I'm correct 25MMBO was roughly 18p. 40MMBO was 32p. So 71 MMBO....!!
What's your price expectations for the coming 1,3,6 months before we go into production? Personally I can see us hitting 18p probably sooner than I expected but this is AIM after all
Before the Red Deer news we was comfortable trading between 7-8p. On news of the permit being sorted at Heron we touched some buys at 9.90p.
With Gazelle in the background still we are still massively undervalued and can't see us dropping back from here.
Said we'd finish at 5.5 today. Might revise that now to 5.85
Next week 10p is definitely do able. Wish I had the chance to invest my money again at these rates!
I invested my first £10k at 8.2p when I read that Heron was going to be a transformational year for MATD. I've almost trippled my investment since then but topped up at the wrong time! Nearly did yesterday with £5k I had in VAST and bottled it! Oh well. It's only going one way from here and I'm glad to be a part of it. Always stated that I'd be likely to be out when we hit 18p... Now I'm thinking 24p minimum. Who knows, time will tell. Good luck all. Matad are on the up!
That's a real shame Dusterhater. As your name suggest you hate dust and there is clearly nothing here but a **** ton of oil!
Sad to see you go from the BB as your opinions were greatly valued.
All the best in your future investments.