Member Info for Mike31

Its very normal for mms to collect shares before the next leg up. Yes there will be profit takers, just let them finish selling up then boom time in the afternoon

I evaluate an sp of 4-9p year end based on the following assumptions :

- Work at 16az will not be remedied in time for an sp uplift / restore in confidence.
- We are short of time to bring the remaining wells online, let alone do testing and report to the market
- Uncertainties remain around the bod, and their ability to deliver.
- The FAQ is still no where to be seen. Although it may appear not significant, but it does undermine a greater problem of the company not being able to communicate effectively, and not being able to work efficiently
- The FAQ issue then raises concerns whether the company is facing a much bigger problem with 16az, and that may be the cause for prosponed news.

Of course, all in my opinion. If they do deliver 16az and the other wells, then I would agree to BillTucker89's scenario.

I think Manro said something earlier about his friend's buy appeared as a sell

Then you said it was your friend's sale

That is easy to explain. Maybe you guys have the same friend.

Lucky it wasn't the wife's share you both talking about lol

Intriguing indeed.

I am not against your strategy. In fact, its the safest play.

However, I myself would not bet against a 75% COS. Sometimes playing too safe means risk losing profit that you could have gain. Example is the 20% rise today and also yesterdays imho

I'm open to read different opinions. Yes, mms need shares, and equally sells and buys are there to build a new support.

Just a bit of balance, I wonder how many people will sell-up prior to results.

I personally expect a further rise but how far will it go, considering we have 3 trading days remaining this week, and a further 5 trading days next week

The RNS suggest news for the week commencing on 9th Septemeber. For those that do decide to sell out, you have to time it damn good right as news can be announced as early as Monday, and as late as Friday.

I expect the sp to be on the rise for 75% COS, so selling up too early will just widen the gap for a re-entry. With any signs of an oil show, the sp could boom 100-200%. I know I dont want to risk being out.

Any other thoughts?

Yeah, there was that too. Retirement in Thailand

We also spoke about living in Mongolian Tents and trying Goat Milk

Very well said Gary1960.

No one should be superior to another on a public board. As much as you dislike hearing negativity, I equally prefer a bit of balance and factual posts.

As for rude postings and the language used, I recall yourself and a few others swearing and name calling.

The culture on this board is in itself hypocritical. Try it, one negative comment (even though they are factual) and you get people instantly jump on your thread and accuse you of either deramping, shorting, or wanting a lower entry.

Never seen a board as bad as this tbh

moveonup, well done for your Matd profit.
At the end of the day, we are all here to make money

Never mind those bloe guys.

Their narrow vision cannot see this is just the beginning of a marathon

moveonup, told ya Matd would make you money.

Nothing wrong with that. Im sure plenty will be willing to take those shares off ya

Ask is at 8.00

Finger crossed

7.87 paid, we might actually break 8p today?

Its on the up again!

Saying that, anything could happen. We are in turbo mode.

It will set us up for another good rise tomorrow

I'd say close to or land right on 8p, which is good enough for me imho

7.72 just now

By mid September, may have to move the decimal point to 77.2 lol