Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
What a complete an utter cluster f#ck. The board of numbnuts needs a serious reshuffle with the way they have conducted their affairs and mishandled everything in a haphazard manner. Down a serious amount here - its bonkers. When is the next financial update? I'm sure it will go sharply up soon but what a ridiculous low point. GLA
Choo choooo.... Probably today is the last real chance to get in at a great level. Even if one we'll hits the black stuff and the other well is a duster the SP will still rocket. I'm very happy that I topped up during the recent fall and I'm quite confident of positive news over the coming days. GLA
Why are many saying RNS news next week when they have clearly stated results will be around the 1st/2nd week of Sept. I'm all for praising this stock and talking facts but by people saying the results will be definitely much sooner is contrary to what MATD is saying. It just baffles me. Just roll with it, results will come when they come and I'm quite confident they will be positive... from both Wells. By telling yourself and everyone on this board that results will be much sooner doesn't miraculously doesn't make it happen. Try stick to facts instead of wishy washy misleading comments please. GLA
Not sure if you're referring to my positive comment. I had put in some emojis but question marks came up instead. Forgot this forum doesn't allow emojis. Apologies, It wasn't a question about drilling Day/night - either way I did recommend a strong buy and look forward to the coming days.
Drilling Day & Night at Heron ?? ?? ???? ??
https://twitter.com/Petro_Matad/status/1163704929606934530?s=09
Great results to come... from 2 rigs hopefully. GLA
20 August 2019
Petro Matad Limited
Operational Update
Petro Matad Limited ("Petro Matad" or "the Company"), the AIM quoted Mongolian oil explorer, provides the following update on the Heron-1 and Red Deer-1 wells in Block XX, eastern Mongolia.
Further to its announcement on 14 August 2019, the Company reports that all processes for obtaining the land permits for the Heron and Gazelle well sites have been completed and issuance of the permits is waiting on final signature by the local governor. In the meantime, operations are continuing as normal at the Heron well site and based on current performance the drilling and logging of Heron-1 are forecast to be completed around 9th September.
Operations at the Red Deer location are proceeding as planned. The well has reached its intermediate casing point and preparations are underway to drill the next hole section. The Company confirms that the land permit for the Red Deer well site has been obtained.
Further updates will be provided in due course.
This is very positive news and it looks like they don't envisage any issues. The next 14-21 days should be really interesting. GLA
SP doesn't always rise on good news. As the old saying goes... Buy on the rumour, Sell on the news.
More investors in recent months seem to be in stocks for the short term before they jump over to the next stock of the week or month. Its a volitile risk adverse market in my opinion.
All the best
I completely disagree that a placing is a certainty. They have already stated numerous times that they are fully funded for the next 4 Wells however let's pretend for a moment the first 2 Wells have negative results they may then seek further funding in my opinion. If one of the first 2 Wells have very positive results they will most definitely not seek funding and likely be bought out. The question tho is will the next 2 Wells be successful or not. If one of them are successful the SP will rocket.
#Gazelle1 site preparations are near completion - mud sump successfully excavated and membrane liner subsequently installed #MATD2019 https://t.co/RmEVemGvdt
https://twitter.com/Petro_Matad/status/1138427610361450497?s=09
Great stuff! Looking forward to the coming days.
https://www.metrobankonline.co.uk/globalassets/documents/investor_documents/annual-report-2018.pdf