Member Info for mikerockfield

Proselenes,

Thats exactly where we are now, volume is less than 1 million this morning. Those who are in are waiting, the more risk averse are waiting for news or a considerable rise in volume.....Day 52...

A couple of chunky buys in the last twenty minutes, 125k, 250k, 185k, 250k

I dont know, I for one will be very disappointed if we have to wait until mid-september for news!..Just cant see it taking that long!

Price at 8.25p, with nearly a million shares sold and just one buy, a big one of 196k shares!

Seems to be lots of sells going through now!

Victor,

The only reason they would wait that long would be if it was not going to happen and all attention was turned to western Mongolia. There is oil in Block XX, we can come back for it later.

I believe one reason is to announce a farm-in on Snow Leopard etc. The powers that be know by now if its viable. An EGM to confirm and possibly more drills in that basin as rig moves to WH.

If there is oil in SL Block XX doesnt not matter a damn, it can be put on the long finger. It can be drilled in 2020 or whenever. If SL is viable, we've just opened up the whole of western Mongolia for drilling, dozens of more drill in the same basin as SL alone, not to mention the enormous prospect in WH.

I've always felt that news on Block XX has been held back as leverage for a farm-in on SL & WH.

With the AGM being scheduled, is this AGM going to announce a massive farm-in or the sale of MATD to a major international player??

Its a mind boggling prospect if it all works out.

If SL on its own is a success, it opens up a whole basin and most likely that MATD would be bought out by an oil giant.

Aww, pity!

*They're

Their not showing on my feed?

Why dont you prove them all wrong Captain?

Just put a link up...

Clearing out stop losses before the weekend, and a further push up. Its a ritual at this stage.

Yawnnnn Fundy,

SL not due to be completed until mid-September. WH not due to start until the end of September, 5-6 weeks from now. There will then be at least 8 weeks for WH to drill 2000m. This has always been the plan and nothing has changed, but you already know that.

Here's my Ramp: Block XX news will come with good news on SL, Its being used as leverage for a farm-in. Block XX will be as near to free as we can get, watch this space!

Well, trading has taken of with a bang!!!

I can stop laughing at Popeye.

A perfect illustration of the sort of gob****es floating around these boards!

9.44p paid.

All blue this morning, nearly 5% already...Some news would drive this so far!!

Skenny,

We are gone through the first zone if the programme is to be 70 days..If we are only at the first zone now then we are well behind schedule.

The TD is 3350m over 70 days which should have us at over 1900m at present, at the very least.

Even at a conservative rate of 40m/day we are gone through the first zone and heading for OR in the "potential upside".