Member Info for MisterPositive

Ojay, We will probably get an RNS sooner this time to that effect in my view.

Fundy, She was founder of Petrovis where she is still majority shareholder. They listed MATD as seperate entity for exploration. Enkhmaa (MATD chairperson) is also on Petrovis board. Dr O, MATD Holding is a seperate issue.

Fundy, She was probably told to clear out her direct 12m holding in MATD by both Mike Buck and Chaiperson Enkhmaa in my opinion, to avoid any further cockk ups. Most likely to set up good governance protocols and to redeem investor confidence. Just my thoughts.

Blimey....Some nervous nellies need to grow a pair... It's all part of the re-rate...2 steps forward, 1 step back, and you will get to your destination. Re-rate here has not even started. Yesterday's 15m volume was just a preview of things to come.

I am very interested in the 3 additional 'stacked pay zones'...which is little deeper than the first 2 shallow targets.

I think Dr is almost done with her 12m... MMs should have cleared off most of it yesterday with that 15m volume. Once done, then what...cannot hold this down forever with news rich period upon us.

2 to 1. Volume 3.8m already. Yesterday's Volume was 15m. This should go Blue soon.

Mike Buck confirmed in the Q&A session, any discoveries will be reported as news would leak one way or another. It said 'upto 70 days'....which is for TD and complete log results, etc. Snow Leopard is drilling through 5 zones. So expect news anytime from any zone. 50 days guidance was provided last year. They built in extra 20 days contingency just in case basis in my view.

Expected mini Tree shake this morning. Where else will MMs grab cheap shares?

Agree., 90 Billion barrels STOIIP estimated from lower Cretaceous layer, which is the "current" producing petroleum system. Excludes further upside from deeper Permian layer which could be a secondary Petroleum system and similar to East Texas shale deposits.

Still at a discount below 10p Placing price.

Edison valuation of £2.65 is based on 831MMbo from 5 drills. MATD is drilling 6 wells with 850MMbo. Using: * $3 in ground valuation (on shore). * 662m shares * Fx rate 1.31 we get following Valuations for different Qty of barrels. (1) 850mmbo = £2.95 / share (2) 1 Billion bbo = £3.46/ share (3) 2 Billion bbo = £6.92/ share (4) 3 Billion bbo = £10.38/ share (5) 5 Billion bbo = £17.30/ share (6) 9 Billion bbo = £31.13/ share (7) 23 Billion bbo = £79.56/ share Take your pick.... Even if you just take 1/3 of above figures, you get mouth watering Upside potential that you simply cannot ignore. Due to very low breakeven costs, even a 10MMbo discovery is commercially economical generating positive NPV. IMHO.

upside potential here in one word is: "MASSIVE"...

From RNS..."Potentially generated hydrocarbons using the play and basin analysis method on the 6 high-graded key basins is estimated to be circa 90 billion barrels of oil in the Upper Jurassic-Lower Cretaceous play, which is the proven and producing petroleum system in Mongolia." "Further upside potential exists in the deeper Permian-Jurassic play, which is analogous to the prolific systems in the western Chinese basins." ...just thinking, could this deeper Permian layer mirror same highly prospective geology as the one in East Texas shale deposits?....I do hope so. If true, then Upside here goes up further many notches.... ...damnnn this share is getting exciting...

Ronin, Good post. We are all making educated guesstimates with respect to actual drill speed in action. I forgot to add few days for cementing etc. at each layer as Mikey30 highlighted earlier. Having said that we should be at first zone/layer any day now....might already be there....who knows. Plenty of news to come in the coming weeks as Snow Leopard drills through all the layers. I am particularly interested in the 3 additional 'stacked' pay zones. Those deeper layers would confirm that 'secondary' Petroleum system in addition to the current producing Petroleum layers.

Or may be intra-day RNS....whenever they are ready to announce.

Buccaneer, Still cheap as chips.....last year folks in US OTC market were buying @ 42c. Even if you adjust for extra shares in issue, this is still very heavily discounted to any metric I have used. Edison Research 22 page research note outlines their price targets brilliantly. We are no way near either the 62p or £2.65 valuation.

Buccaneer, I knew it.....you been mopping up any available stock on the US side. Good on you Sir.

Crafty MMs doing Arbitrage? Grabbing cheaper in London and selling higher to the yanks....LoL Wait till Trump finds out.....LMAO.

Degsy, Nice one...you know it makes sense.