Member Info for maestro1

Its really laughable, these same ones calling 2p were happy investing at 9p when they knew matd rèquired funds after EL.

Now that funding is secured and permits in place the same mkt cap is not worthy. Lol absolutely lol.

Good times coming.

Spanish

There are producers who are paying over 10% interest on loan notes. You be very lucky to get loans under 10%, especially small caps.

Buck owns 1% of company and Petrovis 21%. Petrovis have supported matd right from the start.

Investors were happy to invest when sp was over 7p and they knew funding was required, mkt cap was in excess of 55m. Now funding is in place and add all the new shares it give mkt cap close to 30m.

Ask yourself are they in a better position now? Mkt cap will go above 55m short/medium term.

If you can buy under placing price imho you should.

Jadam

Alot reacting with emotion rather than their head.

Matd will finally become a producer.

Danny

We just had an update alreadt askin for another.

Lol

Dontgiveup

2021 revenue guidance is 27m so i dont know how you can expect 16m in h1.

They are expanding in france aggressively too, this requires money. Remember if they stop marketing they are profitable.

Is that what you want but downside is they wont grow?

Some ppl here dont have a clue..

Clive
Revenue is 14m last year it was 12.2m. Thats improvement..

They only started spending in may for france marketing, so expanding, dont forget they spending in uk marketing also.

Clive

I dont think it is, they commenced merketing may with tv adverts. This would cost couple million quid, management stated they would use cash reserves for this.

So they expanding which is good.

Loskin

Go and invest in ftse, they are spending money in france marketing which commenced in may, they said they will use cash bslance in march. So should do well for h2.

Cbd launch in sept..

All in all decent update..

Strategic and operational highlights



Launch of major, new French TV campaign 'La vie en jaune' from May
Further product expansion beyond mattresses including new bed frames, YinYang duvet, bamboo linen bedding, Morphee sleep aid and launch of Sleep Away 'sleepovers' range
Agreed CBD licensing deal to go live in September as part of product expansion into sleep wellness
Increased investment in stock to strengthen business resilience and meet peaks in demand
Appointment of Mike Lloyd as Chairman and Masood Choudhry as Non-Executive Director

Cbd product launch in september.

That would mean they did worse than last year.

Can go either way, depends how mkt reacts.

I can understand they give no notice and issue it on friday but here its planned in advance for friday.

Well lets see what comes of it 2morrow, nowhere to hide now.

Lolz

I want to know CC thinking of issuing friday TU, she specialises in marketing why do it then and if she does why give two week notice.

Bring on TU lets see what it brings.

Now Matd has funding to get Block XX into production, they have funding to get 3 wells into production fairly quickly.

Heron 1 flowed at over 800bopd, lets say it stabilises at 600bopd and the other two the same, that 1800bopd of production, that's significant revenue. Not to mention they can drill further development wells as they only cost $1m to drill. All this for company valued at 30m with new placing shares.

Some need to get their head out of their **** comparing apples with oranges.

I do feel for investors who have witnesses this drop to accommodate the placing, without placing matd could not go forward with drilling. Now they have time leverage other blocks for a farmout. Will be volatile for a while but will settle down.

guidance for the year is £27m...

Dontgiveup123

last h1 results 2020 revenue was £12.2m, you state £16m revenue for h1 21, thats 30% increase in sales, that's being a bit over optimistic, anything around 14m in revenue is good.

Nice finish at 4.6p today, hopefully will pass 5p tomorrow.

Mma

There are some forced sellers considering the discounted placing, this will move back up eventually.

Edit: in block XX

Misterpositive

Exactly, all permits are in place and funds available to get in production and drill those additional development wells in heron.

Loads of stopa losses are hit today, but this will eventually stabalize.