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Sorry - IS as Abzzba thinks...!!

Predictive text taking over my thumbs work!

Further to Abzzbas comments on Docs post, I am also thinking this slightly sudden AGM with voting rights and large raise request isn't as Abzzba thinks.

We are at a cross roads. Sell Heron, JV Heron or raise funds to develop Heron ourselves. A sense also that the deal still isn't signed due to offers and options.

My gut is if this is true, then MATD is still being delayed by third parties who are dragging their heels to the detriment of the company whilst money is slipping away.

The MG may also be a reason, insisting that the company delivers the required wells this year before anything new is issued. Proof that we can deliver as a company.

Interesting times for sure. But no RNS is starting to feel that life is a little more complicated than I had hoped.

This header is correct in its simple form.

This stock is going to rise or fall on whether there is substance and results from the Heron field and what has been pumped and how expansion is to be funded.

No news or poor news will not be good.

Any positive news on any front, this stock will rise sharply.

Put your chips on the table. It is going to be red or black. Make your choice and be done. The ball is now in the roulette wheel about to land.

We want lots of rockets. WOS - GET READY.

The sun'll come out, tomorrow

Bet your bottom dollar, that tomorrow

There'll be sun!

Tomorrow! Tomorrow! I love ya, tomorrow

You're always a day away

BOOOOOOOM!

That is about the only post Gusto has put up that has value.

Well done, Gusto! Genuinely witty!

Correction - down to 1.87p.

Somebody must have dropped a huge chunk for the price to drop straight down to under 1.8p per share.

LondonSuede.

One would hope at least 30p per share of sold at $500million/£400 million.

Lots of things coming together, all at once.

This is a defining moment for MATD without any doubt.

Hugely exciting.

Agreed ftsemajorgeneral.

We need MB to play his hand well and not to blink! Get the deals sorted to maximum commercial gain for the SH and drop the best news through RNS' and the AGM.

Our time has come, our yime is now!

I am sure that MB has a number of options available with offers on the table.

Whether they are all palatable offers or not - we don't know.

I simply hope that MATD is considered a solid company to partner and that we are not being played hard and diminished.

No solid RNS suggests things are either moving very slowly and perhaps we are being played hard with difficult options to be decided on for the best future of the company. I hope that is wrong andMB drops the fabulous RNS we all hope for.

Agreed too Master.

And yet.....I am sure that MB will also be keen to prove to the MG that they can and will deliver the energy needs required by the MG and to prove that their trust in MATD to deliver on time and as promised is within the companies ability.

To fail on that side may delay or even jeopardise the second new block being officially awarded to MATD.

Gentle pressure and protecting of egos here that need to be proven or a sense of reality and reassessment of MATD's role and actual ability to deliver.

Regardless, at these junk price levels and with the assets held, this is a sure winner. But can we make it really big to stand shoulder to shoulder as a competing force in the MG energy sector against PC for eg?? Or are we going to get squeezed out a bit???? We will see.

Whilst this is clearly a complicated set of cards that MB and the board are holding, with some limitations, we all believe that the joker is in MATD's hand and we hope MB knows how to play it out to deliver the fullest potential to the shareholders.

His D-Day is coming to present itself right about now!

Fully agree Roxy and all of the positives mentioned by Abzzba too.

This is a huge and great potential investment.

And yet.....still no RNS confirming signed sales agreements, export license for the crude sales, second new block, jv or funding for Heron.

We have moved past the internal MG blocks but do we still have a couple of barriers in our way?? It feels as though we do.

We will see and fingers crossed all is going to come together now and as fast as is needed for the refinery and as we hope!

Yes, Abzzba.

The other side I find amazing is that IF MB does want to do a raise now, then you would have thought he would be wanting to drop some good news now to get the froth going increasing the sp to make a raise meaningful.

I have said a few times before, that oddly with the sp at under 2p, a discounted raise would not put enough in the bank to achieve much at all. The low sp effectively removes this option.

If you can get the sp to over 5p per share, even then a raise at say 3p per for the proposed 640 million cap of new shares for a raise, then MATD would only deliver €20 million odd for what is needed.

We will see, but they need to get on with this and as someone stated earlier, a no news, life as normal, lots of talk but nothing decided AGM without the export licence or signed agreement or the new block being awarded would end up as rubbish.

I agree Abzzba. I was about to post my exact same thoughts. This is becoming intriguing to say the least.

I am also curious and fascinated that the AGM is just 1 hour. At this stage I would imagine there would be an hours worth of questions regardless of the huge amount of news and updates that the company needs to deliver including the extension to 43% for future possible raises.

The fundamentals are all still there, same as yesterday and still very solid and exciting, but the lack of positive updates from MB and team MATD suggests an interesting AGM without solid agreements at this time.

We will see.

Feel a little deflated after the aborted launch this morning.

RNS and sense of major event day being today simply didn't happen. May be tomorrow. May be for the AGM when they can use the news to sugar coat a future raise.

Equally May be things just aren't signed and things are stuck. Who knows.

Anyway, onwards and upwards. Tomorrow is another day!!

Very interesting, ABZZBA, regarding the drill perforation techniques for Gobi Bear.

Lets hope this works and the get the oil to flow / gush out of that well.

As you say. Not dead at all - still with potential for Gobi.

AGM. March 13th

Ooh! Interesting nudge up.

Come on then - show us what you've got!