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"we expect to announce additional financing measures in the coming weeks" This comment was released from the CEO on 28th May, tomorrow is the 7th WEEK since this comment was made. The traditional Pump and Dump happened two weeks ago for the 12th time. This circus is going to collapse sooner rather than later. Im so relieved i recovered losses from this S**t show in MATD. I hope people get there money back from this con sharpish. GLA
This share is going places in the next 12 months, im glad to have it in my portfolio, can see healthy returns from these low levels. GLA
latest Rig Mobilisation Pics from company a few hours ago.
https://t.co/Hp9iV9RKkv
Looks like MM were anticipating news this week and nothing came from the company, so they have slashed the priced 7% down on a small 400,000 drop.......Small volume for this much move movement, clearly trying to grab back as many share as they can before the inevitable real volume in the committing weeks. Hold for gold, or even add more. GLA
Update from company, https://twitter.com/Petro_Matad/status/1136958802287374337?s=09
5mill Volume and a 11%.............complete gamesmanship from MM. Tight spread and a drop that means nothing. Yesterday we had 15mill volume and only 10%............numbers say everything. Hold for Gold people. GLA
Volume is low 700k buys and sells with a 7% is obvious......we were about 4 mill buys yesterday with buys and up only 6% yesterday.....Over the course of the next month, this is going to progressively go into double digits IMO GLA
You can literally chip and pin this entire organisation for 2.5 mill......Its effectively flat lining. Would appear you can only lie and fabricate so much to the market before deception is revealed. They have made a monumental mistake as a BOD, by going ALL IN with the Nigerian prospect. It should have equated to 30/40% of their portfolio and focused another 60% with a live revenue stream from an alternative acquisition. You cant have a dead assets as your primary business and expect to keep functioning with a 400k burn rate month in, month out, year in, year out. The music will soon stop. GLA
I hope people looked at MATD because its the saving grace for me, i got burnt real bad on this one, but strong recovery from elsewhere. Really is about laying eggs in several paces......taken me ALONG time to realize it. I honestly hope this comes back, but it just so hard to see....cash in an all time low, BOND news is defining and there just seems to be delay after delay. I mean its not that far off the grid to think that Shoreline want to make COPL go bust, inherit licenses and drill for themselves now all geology work is complete? I stated along time ago during elections that we needed the other candidate Akibu (Or something of that sort) to win. He didnt, share price went from 0.4 to sub 0.10 and now begging bowls are out and were still not actually drilling. Hope is always the last thing to go. GLA review your options, its a big market out there with much more competent BODs.
This share has 8 weeks legs in it, either the rig is positioned and Bond in place, or disaster and share price collapses to unbelievable rates for any LTH and fund raiser underway to potential keep the dream alive for approx 10 more months. Ive persoanlly picked up a tidy holding in MATD that have all ducks lined up, if nothing happens here and it collapses to hopefully recover my losses i have put into this one. GLA
Anything sub 5p is a very good entry point this company. As with all shares, risks are involved, but i honestly think that the BOD are currently setup for a great year. Cant wait for the charge as Heron is underway and into the 3-5 week drilling programme, what realistic price do people think this could get to prior to announcement of oil discovery. Ive heard 25mbb, @ $60 = $1.5b revenue, take away $14 production costs = 1.15b, taxes and fees = $800m. Are my figures complete crap? This is over the duration of the well, running 10 years for revenue so 80mill profit for the company from that well per year. Surely 15pish IMO?
Great post, i knew many of the facts, but this was very interesting to watch. Really all about Heron-1 kicking off soon. Gazelle and red deer being this big hitters not on till Q3, so i personally think that these wont be until October time. Were going to see a steady climb and a hell of alot of Yo-yoing in between. If you catch this share properly, regardless of actual oil results you can make a killing here. GLA