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I agree that it might all seem like familiar territory, but there's a significant difference now compared to before the last PR—the certainty that "the day" or this PR will indeed come wasn't as assured previously. That fundamental change cannot be overstated. The greatest uncertainty has been removed, and as investors, we can now afford to look forward to the developments with a sense of calm. While I understand the sentiment expressed in your post about needing an RNS announcing the start of production to truly move the needle, the groundwork laid by the recent approval means we're on a firmer path than before. This isn't just another damp squib; it's a step towards real, tangible progress!
It seems like our forum is turning into a kindergarten playground once again, with every minor fluctuation in the stock price sparking vehement discussions. Some argue that the price is too low, while others predict an impending decline. However, I believe it’s time for everyone to take a step back and relax.
For me, the current price is of secondary importance. I have been invested in Petro Matad for many years with the hope that PM would eventually start producing oil. Following the latest PR, we are closer to this goal than ever before. I always base my investments on facts, and the fact is that PM has finally received the regulatory approval that we've been waiting for. This eliminates the biggest uncertainty, and I am confident that the stock price will reflect this in the mid-term.
Let’s not get caught up in daily price swings. Petro Matad is still listed on the AIM, where some might say 'Wild West' methods sometimes influence stock prices. However, these influences are, at best, short-lived. In the medium to long term, facts will prevail—and the facts have been quite clear since last week.
Since then, I've been very relaxed and optimistic about the future of Petro Matad. Let's focus on the bigger picture and the solid steps forward PM has taken.
Following this PR, it's evident that PM has a bright future as an oil producer, with the stock price expected to steadily rise in the mid-term. The major uncertainty has now been definitively resolved, and MB, along with several investors here, has been proven right about PM's promising trajectory, even though it took much longer than any of us anticipated. Not many oil explorers achieve such a turnaround. PM has succeeded, and many here are on board with this success. Congratulations to all investors and a special thanks to those who steadfastly defended PM through thick and thin, proving their point.
Professional,
C'mon, the information shared is widely accessible and in no way qualifies as insider information. It's important not to throw around serious accusations like potential jail time without a solid understanding of what constitutes insider trading! The intent was to discuss publicly available data, not to disclose anything that isn't already out in the open. Let's focus on constructive discussions rather than unfounded claims.
Today, I increased my position in PM shares. Technically speaking, it's clear that the price has found support at the current level several times recently. This suggests that the downside risk is limited unless there is a catastrophic development. On the flip side, there is potential for a significant price increase once the regulatory approvals are in place (though this may not happen until after the elections). As a long-term investor, I am currently very relaxed and wish all fellow shareholders good luck.
00:20
Person A: Are you there? How are you?
05:26
Person B: I'm from London. I'm currently living in Mongolia, fighting hardships.
👍
Person A: I see, wow.
05:59
Person B: I've moved beyond Petro Matad. I'm not just drilling oil, I'm also doing business here. It's the next level.
06:16
Person B: "Petro Matad" has a lot of opportunities for me here. There's a lot to explore. Many dollars.
07:13
Person A: I've unfollowed you on Facebook. Saw your recent post about Petro Matad.
Absolutely, the fluctuations you mentioned are indeed a given in such volatile markets, and hats off to those who can successfully ride the wave. However, it’s important to look beyond the immediate volatility and consider the long-term prospects. The revenues from oil sales are not speculative but a foreseeable reality. This should inherently bolster the stock price of PM over the long term, irrespective of the speculative swings. It’s these fundamental factors that often provide a safety net for a stock’s valuation, even amidst market turbulence.
I really don't understand why some people constantly get worked up over the fluctuations in the stock price. In my opinion, this is a stock you invest in at a certain time because you believe it truly has potential. Whether the stock rises or falls by 30% doesn't matter to me at all. I'm bracing for either a total loss or hitting the jackpot; everything else is just trivial in comparison. Therefore, I really can't comprehend all the fuss and numerous comments some people make here whenever the price shifts a few percentage points. But well, to each their own.
For those who may have missed it, here's the latest tweet from PM :
"However, the peak of livestock mortality is expected to occur between late March and early April. We hope our donation will help the Matad herders protect their livelihoods #MATD"
Thank you for sharing this update, Mouse. It's really unfortunate to hear about the dissolution of the company due to the oversight regarding the annual returns. I understand that this marks a significant turning point, but I'm curious to know if this is absolutely the final end of the company. Is there any possibility of a revival or restructuring in the future, or is this the definitive conclusion?
Any further insights would be greatly appreciated.
BP,
"WOS - no one on here has said that the LP won't eventually be given. In that case production should follow (if the estimates for Heron are correct), so why is the granting of the LP not already factored into the SP? I think it probably is."
You can't be serious right now.... !!
Perhaps it would be appropriate to remind ourselves of the official statement from PM and avoid unnecessary speculation.
“The Ministry of Mining and the regulator MRPAM have said they would like us onstream by the end of this year, and will facilitate that and we would obviously like that too.”
“We really want Heron-1 onstream as a priority – as well as all the other exciting stuff. That’s the big target for 2023 – we really want to get that onstream, and we will announce it when we do.”
https://www.lse.co.uk/media/MATD/mongolian-oil-developer-petro-matad-hopes-heron-1-oil-discovery-is-onstream-by-year-end-bt1j8op09rc1uid.html
This, of course, provides an explanation as to why the share price did not skyrocket and reach double-digit values despite the excellent press release last week. Apparently, some people were already aware of the results in advance. However, I find it inexcusable that the CEO did not release this press release already on Friday after the stock market closed, but instead waited until Monday before the market opened. This behaviour is hardly understandable and almost gives the impression that the CEO did this on purpose to allow some people the opportunity to buy in cheaply. Well, from now on, the share price should really only know one direction."
The fact that we didn't receive any PR regarding V1 after the stock market closed yesterday gives me hope that there are no negative news about it so far. Because typically, Friday after the market closes is the ideal time to release such negative PR. This means that at the moment, either there are no definitive results, or there are positive results that might be announced on Monday morning. There is still hope.
Could the sharp decline in stock price on high volume possibly indicate a leak in V1? I can't explain it otherwise, especially after yesterday's great PR. If that's the case, we should expect a press release either by the end of the trading day or on Monday morning. Nevertheless, PM's future looks more than promising since yesterday, and the main risk is definitely gone!
I would like to defend BP here. I believe that a healthy board culture always involves two sides: those who enthusiastically comment on every little thing and those who, for whatever reason, criticize everything to the extreme. BP, in any case, always writes with style and a certain level of sophistication, and I actually enjoy reading his contributions, even though I often disagree with them. But such postings also allow me to question my investments and view them critically from time to time, which I find extremely important. After all, there is always the option to block or ignore if someone sees things differently than I do.