Member Info for MisterPositive

And 3m so far today.

Fundraiser, Pretty valid point. Huge risk for those who Forward sold let's say around 12.5p. Farm-Out RNS would really annihilate them as Price would jump more than 100% from current level. Those guys would then need to buy back shares in the market to return borrowed shares back to Stock Lender. Best to buy OR accumulate and Hold and let the gains come to you. IMHO.

Now got 6 bites at this cake which just got even bigger now. Operative word: "Basin Opener"....not many folks understanding the significance here. This is quite a BIG deal. Ones that do are buying ahead of drill action which is almost upon us. Volumes will rise as we further close into Spud.

Agree. 20p min. This can be at 20p within days if Market wants to. Just weeks away from 1st Spud.

Phoebus, CHAR had already risen considerably ahead of Spud. Different case at MATD that never went up in the first place. I think this should rise ahead of Spud. Unlike CHAR, we got multiple drills in quick succession. I have locked in my Holding, irrespective of daily fluctuations. Also provides great Buying opportunity for folks on sidelines. diluted share price is 12.3. Market simply needs to absorb the extra shares bulk of which taken by Petrovis.

Fundy, You got to seperate MATD under Rudvan (previous CEO) and since Mike Buck took office. Mike had to first reverse previous damage caused by Bergen deal and then start all fresh. Granted there have been slight delays in few things. Remember this is Mongolia, red tape is everywhere. Look at how slow things are in UK with so much 'Red tape' for simplest of things and UK is an advanced economy. Rest my case. Good luck to you with your investments.

Fundraiser, There should be "Multiple" pre-Spud rises and during Drilling rises. There are 4 back to back drills in 2018 alone and 2 more in 2019. All shares on AIM have traders, each with different entry/ exit price. Always remember.... " It's not how you start, but how you end". Exit price is what matters most, each with different investment strategy.

Spainish, Yes, you are entitled to your opinion, same as me.

Fundraiser, Apart from 2017 debacle and postponement of drills to 2018.....what repeated events you keep referring to as PM 'let investors down'? You sold out and now looking to get back in....then just get in. Last time you got in with your entry, everything became lovely overnight. At least I am consistent and positive about the future. You keep bringing up events from 2010/2011 ??? We have moved on buddy. Market always re-rates on 'Future Outlook', not past events.

Spainish, We live in modern times. Info is available to all at the click of a button. Most are upto date with proceedings at MATD and Mongolia. Living in same country means jack. You make it sound you got more info to hand than the rest....Did you not see the Asian summit last weekend when PMs from China, Russia, Mongolia and India were standing on stage. Did you think they were invited to have Tea n biscuits??? Strategic Partnerships being discussed to benefit that whole region.

Oilfated, Agree with your observations. My own read is: "Mongolia is Open for Business" in a big way. Next 2 years will put Mongolian Oil industry in a different spotlight. Will not be surprised at all if Mongolia finds its way onto MSCI emerging markets list.

I stand corrected Red Deer is about 4x size of Gazelle. Also Red Deer is right next to the truck road transporting oil to Northern China. So can be brought on stream fairly quickly.

Noix, It's in yesterday's RNS. That's the problem when there is so much info all jumbled into one single RNS. Takes 2 days to fully go through all the fine details. I dropped an email directly to Mike Buck literally the night before fundraise RNS came, suggesting if info can be broken down in more than just one monthly RNS. He replied and noted my suggestions and thanked for the input. Let's see if news flow pattern changes slightly going forward. ATB.

David, Yes. All happening. Company re-iterated its guidance for 4 drills in 2018.

Mikey. Thanks. All looking great.

SuperRoty, Block XX - Red Deer COS quoted as 50-75%. Also DOUBLE in size than Gazelle.

Actually that $1.6m would cover Licence renewal fee for another 2 years from 2019-2021......lovely jubbly.

Fox (9m) and Red Deer (2.9m) costs are in yesterday's RNS under their respective headings. I see after G&A 3.5m for 2019. Surplus cash still c.$1.6m. Nice to know ALL costs paid for till end of 2019.

Mikey30, At the time of previous fundraise for 4 fully funded drills, they had $20.7m (was towards the bottom of RNS 19 Jan). Fox and Red Deer costing $11.9m (9+2.9). Funds raised $17m.

I make surplus cash of c.$5m after paying for all 6 drills. G&A already covered in previous $20.7m cash breakdown provided. $11.9m for extra 2 drills leaves c.$5.1m surplus cash from the $17m fundraise. If correct, they could add another 2 drills for 2019. May be others can validate if above figures are correct. Cheers.