Member Info for MisterPositive

They will need to let this go at some point. Over last few days, lot of Buys showing as Sells....getting weak holders to sell. When this does make the Upward run, can see this go all the way to 20p before any pause. That's what generally happens when a share is suppressed to this extent.

weird things going on today......cannot put exact handle on things here TBH.

Spread goes in reverse at times, Volume on Investing.com keeps changing, one minute is over +8m, then dips to 7.9m?

How can volume go down, once its Up ???......unless MMs putting cancel & correct trades through ?

May be this Ship is turning.....with MATD, such erratic behaviour is generally a good sign suggesting, this could jump to the upside.....been overdue anyway......current MCap vs massive prize is a joke.

Nothing seems to be priced in at the moment.....hence the Upside run could be 'Fast n Furious' when it comes.

well whoever was that....'nervous Nelly'.....at least they are out.

Do think they got robbed on the cheap by MMs.....even if that was a remaining 6.5p placee lurking around.

Could have got much higher price, by simply holding for just 2 weeks or so.

MMs would have quoted you over +10p if it was a 4m Buy you were after....

Good thing is MMs letting trades come through, without holding back too much for 'After Hours'.....thats defo good sign. BLUE coming soon folks.

....gaining traction now.

Look what happened to GKP back in the days. If memory serves me right, they also had a Placing around 9p....to cushion themselves just before drilling 'Shaikan'. Soon after they hit oil it went to £1.75p within days. Was gutted at the time not to have got in even at 50p....kept waiting for pullback that never happened. Took a while to get over that one.

Mongolian GDP expected to grow at 12-15% annually in coming years. Half of the country's oil requirement is from the massive evolving mining industry. Any oil produced in country from Petro China is already trucked away to Chinese refineries. With both evolving mining & Petroleum industries in Mongolia, no wonder GDP forecast are in 12-15% range, which is what once China had annually. Mongolia would attract Foreign Investment in coming years like no body's business and China is waiting to cash in their chips. Not to forget $1B investment for the new refinery by India. All of them would want a piece of the pie of this fastest growing Emerging Market.

MMs defo collecting and holding this down. This should have ticked back up and in positive territory by now. They must be expecting huge volumes....so need to set their stall early.

Don't forget the Farm-In.... These farminees told Mike Buck they are willing to pay lot more once de risked. Mike Buck himself said, they just need to confirm prospectivity of their huge acreage. He11 if Chinese have found 100 Billion barrels to date, then with same source rocks in Mongolia, MATD should be able to get their hands on a few Billion barrels.... Anywhere between 9-23 Billion barrels and this will be in multiple £££s. I am saying here the distance until they get those Billion barrels. This is life changing in every sense in my view.

any day this week should also catch few out.

Yep. Plenty news lined up. * Block XX Rig contract confirmation. * Any positive updates on Snow Leopard * Wild Horse - site construction starts Aug. Just need to stay patient....I know easier said than done. We all in this together. Everyone should earn a massive ROI here for their patience & commitment.

Fundraiser, Spot on....MMs grabbing plenty here to load up and sell at +30% premium. Same sellers would be jumping the queue to get back in hand over fist. Experienced investors generally remain calm during these shenanigans. MATD Finally tapping into to these 'Multi-Billion' barrel basins at 1.5p per drill on the risk side....when the upside here is in £££..... Total madness.

Typical MMs...mark it lower ahead of news. Seen same pattern on so many shares over n over.

From GeoExPro... Potential for Large Discoveries: Clear evidence of the potential for a working petroleum system gathered by geoscientists from Petro Matad has highlighted the opportunity for large discoveries. Across large areas of Block IV and V, fieldwork has proven the existence of syn-rift Upper Jurassic-Lower Cretaceous lacustrine organic-rich shales interbedded with sandstones in the Shine Khudag Formation. TOC of samples in the Khoid Ulaan Bulag oil shale, with a net shale thickness of 265m, can range from 1.7% to 27% type I-II kerogen, and has a maximum HI of 800. The thickness and quality can vary, so that at Tsagaan Suvarga the average TOC is 5.3% (1.7–10.6%), but net thickness is 900m and HI reaches 900. At almost every outcrop, many of which may have been deposited in a marginal lake setting, source rock quality is sufficient to result in significant generation if mature. Outcrop maturity averages around 0.6% VR, marginally mature for generation. Basin modeling, however, suggests that in much of the subsurface the source will be mature, with onset of generation in the early Cretaceous following syn-rift subsidence and burial.

Yep. It was 'upto 70 days' for complete process to drill and log results. Results guidance was given as end Aug/ early Sep. That suggests about 45-50 days to reach TD. Rest would be for log tests, flow rates etc. Plus time to mobilise Rig to Wild Horse. Construction for WH drill pad to commence Aug. Snow Leopard drilling ahead.

According to a research note on GeoExpro, you can expect Basin fills all the way upto 5000 metres depth in Mongolia. Snow Leopard TD 3350 metres covers lot of ground here, drilling through multiple stacked pay zones. This could surprise on the UP side. BG selection of these targets from their own technical evaluation is in itself a huge endorsement.

Manro, Thanks brother for sharing bits from your catch up with Mike Buck. Mongolia is oil rich but under explored. Think there was a reason why Mike Buck joined MATD. Not only that he and other directors now own 5% of the company in addition to about 30% owned by the founder, Petrovis. References like...."Sleeping Giant"....tells me lot more about the massive Upside here. Mike's reference to discoveries in Blocks IV and V will put Mongolia on the World Map. Then watch all the Asian Oil majors rushing in to cash in their chips. At this low price, risk is spread across 6 drills @ 1.5p per drill. I expect a breathtaking rise here on the horizon very soon in coming weeks/months. No brainer entry price on ANY metric we look at. Such is the appeal for this stock, that it will attract All types in coming days/weeks. Some will miss out and still be waiting, trying to get on board the MATD Express at the next available station...OR....it could turn out to be "Non-stopping" service all the way to 50p and £1.00 before stopping to refuel.

who have found over +100 Billion barrels to date, coz they explored, while Mongolian basins have remained untapped for decades. Any Oil shows at Snow Leopard is all you need to confirm prospectively. Then that low COS goes out of the window. It then puts a rocket under Wild Horse targeting: * c. 500 MMBO (mid case) * 750 MMBO (upside case). From a single well. You can tell all the doom mongers want in......LoL well get in that b100dy queue then like the rest.

Yep, Tullow Oil started out as a small explorer, same as GKP. Tullow Oil has grown over the years after various discoveries, both small and large and hitting +£15 a share at its peak back in 2010/11. Their huge debt burden resulted in significant pull back over past 7/8 years. MATD has no debt. Fully funded for 6 drills, any one or two or all of which could hit big oil. Near term cash flow from Block XX appraisal type wells could make MATD self fund further drills in both Blocks IV and V. Farm-In partner is aware of that scenario and willing to pay lot more in success case. How much more? FOX structure has already attracted interest from potential Farm-In partner in Block V. Will not be surprised if that same partner takes over whole Block V in any success at Snow Leopard. Just my thoughts. P.S: Be aware of some new doom mongers in town.

From company presentation, NPV for just 150MMBO is $1.27B. Then for 600MMBO from both Snow Leopard and Wild Horse, that NPV should be over $5B, which is close to £6 a share. Massive Upside from such low entry price. Above Excludes the Upside case from SL and WH which is closer to +1B barrels Recoverable. £10 a share in Upside case for starters in my view.

Should be in £££s once all comes good.