Member Info for MisterPositive

is mainly to conclude the transfer from CREST to EUROCLEAR settlement platform due to Brexit transition.

"While negotiations, diligence and legal structuring of a potential transaction are well advanced, progress to completion has been slower than hoped for reflecting limitations resulting from the ongoing pandemic. "

"Ormonde will continue to keep the market appraised over the coming weeks as work continues towards concluding the terms of what the board believes will be an extremely value enhancing opportunity, as expeditiously and efficiently as possible."

Eulen
You must have put in so much research in that 1st post !!!

From March 2020.
Mike Buck, the CEO of Petro Matad said:

"The recently commissioned CPR has concluded that the Heron discovery has the potential to contain mean, unrisked, in-place oil resources of 194 million barrels. This is 20% higher than our initial internal assessment and highlights the significant resource potential of this proven play."

They have applied extremely conservative recovery rate of only 17%, even though HERON oil discovered has been the lightest sweet Oil discovered "ever" in that basin which flowed to surface naturally.

Recovery rates scenarios and Oil barrels :

194m @ 17% = 33m
194m @ 34% = 66m
194m @ 51% = 100m
194m @ 68% = 132m barrels

Above estimates likely to be revised higher.

Current £27m Mcap does not even closely reflect the true Value here.

.....Follow up from my Saturday post.....

JAN and FEB are generally very good months for MATD investors.

Price 11 Nov 2016............2.98p
Price 24 Feb 2017........... 35.75p

Price 29 Dec 2020.....2.80p
Price 28 Feb 2021.....?

Warrants exercise prices are much higher:
0.15
0.20
0.32

Range. Also some @ 0.85 ?

Trend is up. Buy and Hold.....simple.

MODE collaboration with " Tencent" will be huge.
ARCADIA is another Hot one.
BLOCKCHAIN2
and other investments.

Massive Upside....so undervalued.

Yep. I get it now.

Just sitting under New Co: BIXX LIMITED

It took me an hour to go through 31 July RNS:
To save you time. Just read following:

section 10 (summary)
Proposed shares Table
Definitions: (very last section)

I see a strong rally coming up ahead of news.

Art of investing has changed. You get rise before the news. I see a slightly different re-rate this year which would be what I call stepped Up re-rate after doing nothing for last 2 years. To be fair last year was consumed with peak COVID issues.

Re-rate ahead of EL and then even stronger re-rate after Heron 2,3,4 and Raptors drill.

Like I said yesterday JAN and FEB have been best months for MATD investors. Now we got Oil discovery and that could increase substantially also before even tapping into Gazelle.

Take your positions is what I would say. FOMO will also kick in soon as this shows up on the risers board.

GLA.

Next week now set up nicely.

After breaking 0.30 next week we could quickly move towards 0.40 - 0.45 retesting previous high of 0.42

GLA. Breakout coming.

0.13 next target before 0.18

Cannot wait for next week.

Wow....going to be busy next week.

Who ever is selling will be paying higher to get back in on Monday.

10p would be first target. Make no mistake.

Let the deal conclude. Then market can value this properly.

Yes, once everything is in order, we could see that 22p again.

Defo 10 x Bagger from 2p entry.

Thank you sir. Wanted to get these under 3p but missed the chance as funds were tied up. Happy to pay higher coz Jan / Feb are best months for MATD.

That historic 10 x Bag Bull run started around 3.75- 4p level few years back hitting 38p intra day high within 6 weeks only.

We could witness similar run up here ahead of the Exploitation Licence, which in my view is in the bag already. Off course company has to follow full Protocol and due process.

IMHO. GLA.

Time to get some more here.

Next week setting up very nicely for a major Breakout. Been long time coming as this has lagged behind.

before wider market jumps in here. This is mega cheap vs peers. No brainer

Well he must be aware of the NPV figures i would have thought. If I owned over 100m shares in any business I would make sure I am upto date with every single detail.

If say the asset NPV is $200m plus,
Then even after paying 100% premium to us he could scoop it all on the cheap.

Speculation off course, but lot of moving parts here which makes it very interesting indeed.

Company has looked over 70 projects.

obviously would be going for the one with the most upside and highest NPV.

Talks at advanced stage. Hoping for news much sooner before the meeting soon as they done their Due diligence. Better to get it right first time.