Member Info for MisterPositive

Bapuk,

Spot on....conversion price is 3p

But that is at a massive discount...why such a big discount?

These scumbaaaags always get the best deal and they got more to come with the next tranche of £1.26m draw down facility.

One rule.
Your 14:58 post made me chuckle...

You missed Captain....LoL

Well said bonum.

Agree...leak possibly. Petrovis got the political connections and influence to get things done.

This dropped way too low during News blackout.

Lot of folks taking positions ahead of news which could be here soon. After Exploitation license comes in, this would be in Double digits in my opinion.

Could see 6p by end of week.

Very much possible. Rising from such low base.

4.40 paid

5p coming.

Should not have dropped this low in the first place

We expected more activity as we get into March next week.

Could see more follow through buying by fence sitters and momentum returning.

News soon me thinks....

Gazelle....pinch out could be massive in addition to Oil production from Heron 1,2,3....

Follow up testing on Gazelle soon after warm weather kicks in and all paper work is in place, could provide a massive boost in coming months.

We should get more details about 2020 drill plans at the next Operational Update.

Market seems to be pricing in a small placing around 3p in my opinion. That's why we been floating around these levels for weeks if not months. Either way, where its placing or Debt, once that uncertainty is removed, I would expect price to be substantially higher than 3p especially with proven commercial oil discovered at Heron.

is what we waiting for as the next mega price catalyst.

Agree with earlier poster, Mongolia Govt. has invested $1.2b in the new domestic oil refinery.

Also Mongolian Govt. has been pro MATD, wanting to bring local domestic oil company to take the lead in oil discovery and production.

Just waiting patiently for next steps to be announced by the company management as things fall in place. Lots going on behind the scene in my opinion. Unfortunately AIM is dependent on news. We could get back to back good news on different fronts.

In the meantime, just hang in there and sit tight. Waiting for warm weather to kick in. Gives MATD time to iron out any pending issues and tie up all lose ends.

* Heron is in the spotlight.
* Gazelle - Don't forget follow up
* Block V - both Fox and Velociraptor
* Farm-in deal

My ideal case would be Heron and Gazelle could lead the way during 2020, with production kicking in and then MATD going after Block V at full speed while incoming Farm-in partner takes Heron and possibly Gazelle also to full production which can only increase after Heron2, 3,4,5 etc. Etc.

Good things come to those who wait...

My own feeling is MATD and probably PetroChona is waiting for Exploitation Licence being granted.

That alone should be a HUGE price catalyst, as both PetroChina and MATD would then be able to negotiate FARM in deal terms.

OR

JV with PetroChina where they become Operator and agree to drill 25-50 wells to get production going. MATD can sit back and use nice cashflow to go after those multiple +200 MMbo prospects in Block 5.

This looks set to Multi-bag from current low price in double quick time.

Looking forward to the next update on either of these.

Heron update - next drill plans
Exploitation licence
Extended well tests planned for Heron may be?
Gazelle follow up.

They could come back to back like buses...LoL.
Continuous momentum could propel this few fold with above news line up in very short time frame.

Waiting patiently.

There is no short squeeze.

Traders just pumped this non-stop to make a quick buck.

They must be on to their next stock for 20% fast buck.

Another confusing RNS after hours.

Why would Michael Fayad sell almost 15 million shares?

Mystery continues......

I think permits for both Heron and Gazelle were received from Central Govt. Local Govt probably was not in the loop, so to speak. So this could be simply getting all the paperwork and permissions in place. Either way, happy to wait.

Things could soon get hot here.

Yep. Significantly undervalued. Should be lot higher even at this stage. Next 12 months should turn this around to a much higher MCap. With so much in the pipeline.

Exploitation Licence.....

And this would be on it's way to 1st stop....10p

Before a short break.

Narrow spread,

MMs trying to grab some shares on the cheap by the looks.

Agree with the massive political risk in the Middle-East, and specifically IRAQ, IRAN situation is looking ugly. War could start anytime, with that strike that Trump ordered to the surprise of his National Security Advisors...crazy is not the word here !!!

This would more likely discourage any company doing any business in IRAQ with more companies now probably shutting down operations and pulling out. Just a general observation, and something that happens in war torn countries, mainly to protect human lives, before they get caught in the cross fire.

If we get strong momentum next week, then do not be surprised to see 9-10p in JAN for starters.

We have been sitting at the lows far too long. Things could turn around here pretty fast as proven before.

Ignore the 'Doom mongers'...there are everywhere on AIM