Member Info for MisterPositive

1.8m @ 9.10p = £163,800

....reported after hours.

Blimey....not him again.......LoL

Bid price jumped just before close.

WOW....

420K
420K
425K

just now........WOW.......

MA50 8.90

Golden Cross getting nearer each day.

MA50 increasing / MA200 decreasing.

May be Institutional investors buying her share and increasing their holding (i.e. If she is the seller...who knows). Either way shares are bought up. Dr O and family still have a much larger exposure via Petrovis who will be the buyer of all the crude oil produced by MATD once production comes online. That crude will then be refined via that domestic Oil refinery construction of which started recently. Petrovis is looking to set up full value chain within Mongolia and would be the biggest Buyer of that refined Crude to feed their 1200-1500 petrol stations across Mongolia. That's the BIG picture we need to look at.

Have MMs got wind of news...? could explain the reason why they were happy to Buy up that 900k sell in one scoop...while keeping price at same level....hmmm

US volume almost 900,000. Could be over +1m soon. Daily average in the past has been around 40-50k only. Any Oily leaks there ?

On heavy volume Vs daily average. What's going on? 12.6c = 9.62 pence.

All very good points. ....lot of speculation going on I think.

She is only selling her 12m direct holding in MATD. Yes, could be many reasons. Even give cash to her children who knows. She is probably passing the guard down the line to her children (succession planning) via family holdings in Petrovis. Should be almost done with her direct 12m MATD Holding. Might get Holding RNS I think next week.

Buyer mopping up any Sells. Lots of 100k, buys on top of the 150k, 250k, 420k buys. That's not punt money. MMs matching buys & sells. Sellers providing liquidity at the moment. Once cleared won't be easy to buy any large Qty coz I ain't selling until I see multi-Billion barrels out of the ground. Waited long enough.

Mannan, Your guess is as good as anyone else. May be 50p with SL strike. Or May be Farm Out around 50p mark. Just a wild guess here dude.

Would be insane to sell now...with so much news flow coming up. Each to their own. Any Sells are being mopped up quick. More experienced folks know this is 10-20 bagger from current levels. Just one strike here and the upward chain effect will start.

...LoL

Agree. Cannot keep this down here forever. This will break out and in style. Just hang in there. We have come a long way. Last few steps can be tiring when finish line is in sight.

Yep. But nothing stopping Shell to Farm-In again into all MATD blocks after Oil strike, if they want to. Price however this time around would be lot higher, especially after any oil strike. May be they also keeping a close eye in the background...who knows. Back when Shell pulled BG out of Mongolia, oil price was low. They did not want to risk their dividend growth, so cut back on their Capital projects and JV worldwide worth $30B.

CNPC, parent company of Sinopec and PetroChina, announced yesterday they plan to invest upto $22 Billion by 2020 in 'New Oil Frontier' to find new oil source to replace declining output from their mature Oil fields. ....strikes at either or both, Snow Leopard and Wild Horse might provide them an easy & much quicker solution...I would say. Wonder how much would CNPC be willing to pay to Buy out both Blocks IV and V after an Oil strike? If MATD get a handsome sale price, then they can use some of that cash to take over new blocks currently available from the Govt. on very favourable PSC terms with first mover advantage. Watch this space closely in coming weeks/months...

Paid premium for that 540,000 Buy @ 9.25