Member Info for MisterPositive

HUR MCap is c.£1Billion now with about 2 Billion shares in issue. Granted, HUR is at more advanced stage currently than MATD. Just imagine MATD share price on strike this summer.

MMs tried again to spook few into selling..,,by widening that spread and briefly dropping that Bid. Bless em....got to try. Just need to raise the Bid price to attract any sellers....unless some really need the cash to pay for Holidays... Why not wait another week, could be flying Business Class, instead of Easy Jet...LoL.

200 day MA was sitting at 10.56 as at last night. 50 day MA crossed above the 200 day MA and tested that today at 10.60p. This is vey significant Validation of the strong Uptrend.

SBB, I think DanBrown 30p estimate is very plausible. Also fits in with Broker targets of 32 and 36p. Holding tight to my tickets. MMs can try and drop the bid temporarily to grab few cheap shares...not mine... nada.

Dan, This is still way below last year MCap of £110m. In today's terms just to get to same MCap (with the extra shares), that is c.17p at par to 2017. But wait....we are just days away from actual Spud this time around and 6 drill campaign, not 4 with mid case recoverable barrels more than Double to previous estimates. 20p sometime in July would be a fair starting point in my view.

3:1 now 12p coming sooner than I thought.

at 2.7:1 ratio

Full Ask paid @ 10.60 Still way too cheap, given that MATD embarking on tapping into Multi-Billion barrel basins. Brent Crude moving Up nicely also. Brent Forecasts: * Goldman $90 * Morgan Stanley $85

2010PM, I would add both: Petro China & Sinopec to your potential Farminee list. Just cannot see Chinese walking away from the potential Billons barrels of Oil in Mongolia similar in size to their own oil basins with same source rocks rich in oil and proven +100 Billion barrels. Initial Farm-In could be non-Chinese, but can see the Chinese jumping in after trying to play hard ball. Recent Placing could serve double purpose here: (1) To call the Farminee bluff... (2) Extract better price for Farm Out. Let's say e.g. It is either Tullow OR Cairn Energy who are looking to Farm-In. Then either Sinopec OR PetroChina would need to trump and come up with a higher offer. Possibilities: (1) Petro China takes over Block XX (at the right price off course) and adds production from Block XX in future to their existing and adjacent producing Block 19 to their current 21,000 bopd. Easy for them to connect to the existing Export pipeline to their Chinese refinery. (2) Sinopec Farm In (Blocks IV and V). (3) Sinopec Farm-In (Block V) and PetroChina Farm-In (Block IV). Speculation at this stage but very real possibility. All IMHO.

Goldman: Commodities are set to rise, trade war fears have been oversold. https://www.cnbc.com/2018/07/05/goldman-sachs-is-bullish-on-commodities-says-trade-war-little-impact.html

and raise the Bid price OR they won't get hold of any stock at these prices. Got to be really crazy selling at 10p when you could sell for lot more next week with Spud just days away.

Generally speaking, MMs play around with Spread to match Buy/Sell orders on their books. They see demand early on and then set their stall accordingly. Executing Buys below Mid-price (using that wide spread) will always get labelled as sell by the trading system. Hence you see mini tree-shakes intra-day, where they try to source stock from Open market (us) to meet demand on the Buy side. Similarly unprecedented demand for share results in multiple intra-day auctions. Yes little frustrating. They won't change their model, we need to get smarter. Most of us already know their game.

Yes. Noticed yesterday afternoon, most Buys were being dealt below Mid price and showing as Sells. Think MMs were low on stock and tried to grab a few sub 10p to fill those Buy orders that were flooding in. Thursday afternoon & Friday will be quite interesting ahead of Spud next week as more punters get on board. Can see price over 12p on Monday. Also looking forward to next week Conference call.

forming here with 50 day MA closer to crossing the 200 day MA sitting at 10.56. That would be an extremely bullish signal to confirm the Uptrend.

2010PM, As always, you impress me with your command of the Oil business. I think both Tullow and Cairn (India) could be front runners here. Especially with India's $1Billion loan investment for first Mongolian Oil refinery angle. Time will tell. Let's hope we get RNS next week, then Mike Buck will have even more to talk about. ATB.

which is 'Extremely Bullish' signal for the Uptrend ahead. 50 day MA close to crossing over the 200 day MA.

Hallowed, Momentum this time around should break past 10p easily. Resistance points will be taken out en-route to 18-20p. Just a matter of time.

Yep. Would be a massive bonus if they announced Farm Out deal with 7 AM RNS on the day of the presentation. Now that would get the attention of the wider investment community. Looking forward to next weeks presentation.

Oilbell, We might see 12p this week. 15p on Spud is on.

meant 'thumbs Up'... Looks like Emoji not showing properly from smart phones.