Member Info for Ojay

Proffit: I fully support your statement concerning the SP. However, there's nothing wrong with being conservative when giving a SP prediction a try. We all know how unpredictable PM's SP development is. Nevertheless, I also believe PM's SP will exceed the 10p by far next year if everything goes to plan. The current SP is not only due to the uncertainties you mention but even more due to the investor's lack of patience. Short term investors don't like to park their money in a share which will take a few months to rise again - even if the rise is potentially substantial. Also, Xmas is around the corner and some of those investors may just want (or need) to sell PM instead of other holdings.
Once again: Patience is king with PM.

this page is experiencing quite a lot of problems. No posts of today are visible and only five (5) trades of today are being displayed. I'm sure it's technical and hope LSE get's a grip on it soon! Anyway, I hope the blue stuff I see is reliable!

Nice post Neeko - well done!

C/S: I hope you don't take offense - but you are a short term investor. You just admitted it. But there's nothing wrong with that - unless you deny it. According to your statements you are jumping around all sorts of investment opportunities. That's fine and to be honest I hope you'll be successful with that - because you will need hope and luck to be successful. Totally different if you aren't dependent on 10% or a bit more short term gains (which mostly turn out to be losses). If you can afford sticking with a long term potential prize winner it's certainly worth it. But I guess short termers just don't understand what it means to be patient.

C/S: I assume you're - once again - speaking for yourself. "...over 10 years how many times would they have got in and out to bank a profit and added up what would it come to?"
My response: How many times do you have to be damn lucky if you come out of all of that (a multitude of trades) with any profit at all? It's the short term minded people - obviously including you C/S - who are mentally unable to part from their "short term geared strategy".

As I was the one who mentioned the 50p:
This was obviously and wrongly - interpreted as ramping. Far from. That was a statement regarding my personal and individual opinion on how I intend to deal with my investment. If I were after measly 10% I could sell now at +27%.
Bishand appears to only know the short term investment strategies - otherwise he would not mention "10%".
After almost 10 years with PM 10% or even 50% wouldn't make sense to settle for. My opinion only. What I can say and should be clear to anyone keeping track with PM's progress: PM is (finally) an oil producing company in the making. As I said: "It can take a while" but it's worth the wait.

petertee: I intend to sell a (small) portion of my shareholdings only once the SP reaches 50p - how's that for a "long view"?
That may take a while - but then again it may happen sooner than most investors think!

it's still nothing to write home about. We've got a lot to catch up on. Respective news on licenses could trigger a further boost. But as several posters have mentioned here, the winter months are long - one of those things the short term traders hate the most.

SYF: That's the only and right attitude - particularly when you're invested in an AIM traded share. Anything else would turn out to be a disappointment.

I'd agree to that Laker: In fact, I assume they've been doing it all along (possibly with certain exceptions).

Zhx petertee! To be honest: I don't need the "Technicals" to tell me that this share is undervalued - but I very much welcome that type of confirmation.
Looking forward to many more of these blue days.

According to Mike Buck's public statements: He is against further SP dilution via placements. However, he has said that a partial placement COULD be necessary.
I wish this bickering about the possibility of a placement could finally end. The management has made a statement and consequently, the investors and the posters on this board's role is nothing more than to wait and see. Let's PM's management do their job. If any investor should distrust the current management's abilities to handle the situation in the company's interest then I recommend you bail out.

Ojay says:
Somebody pinch me in the butt - could that really be blue out there?

Spainish: There is no such a thing as "poor money".
From my POV petertee has it completely right: There's no reason to bail out of PM unless you're a short term trader (and need the money for Xmas presents). The middlle to long term SP upside should be obvious to investors who have their heads screwed on right. As several posters have correctly mentioned here the SP rise is just a question of weeks or months - or even less. It's a game of patience which most AIM investors are not really good at. Therefore, petertee correctly refers to "wise money". PM has found oil - and plenty of it. Those who currently chose to ride the "drifter train" dumping their shares during the winter months will soon understand that they may have made the wrong decision.
As you seem to be an informed poster/investor I wonder why you pose that question.

C/S: This is not a courtroom - you know exactly what the issue is. Stop wasting people's time!

Sorry: Should have typed "unveiled yourself" (last sentence).

My dear Cap't Stanley: Always nice to hear from you. Your assessment of the current situation is well taken - its an assumption (as always) but who knows - it could actually turn out the way you say. However, since you obviously prefer to make those quotes and summies which obviously serve your purpose better than the other information which would undermine your objectives I no longer believe you are one of those posters who constantly demanded the need for "balanced opinions". You know very well that your "summary" contradicts MB's presentation in several areas:
- MB has asked for an exploitation license before the end of 2019 (a request which was not laughed off)
- MB has made clear that he would prefer a funding solution which would avoid dilution.
- etc.
I for one am very disappointed that you have changed your stance to total negative. Must have something to do with your current agenda. What a shame. I always had great respect for your opinions. To me it seems you have revealed yourself as a wheather vane. Don't expect that to change going forward. You had your chance.

Gary - I'd be careful with your prediction "before Xmas we will be buying MATD shares on an ASK of 3p". If I understand you correctly, your prediction is solely based on "the absence of news". We've seen, heard and experienced that many times over the years on this board. It usually turns out differently. Hope you still feel good with that in mind.

There have been a couple of posters on this board who - since MB joined PM - have repeatedly suggested: "Let PM's management do their job". Couldn't agree more. Their job is to make PM a success and not to make the SP look good. If they are successful - which I believe they will (even beyond Heron) - the SP will reflect that in time.
Clearly, if certain investors lose confidence in PM's management then they should bail out.

Manro: Correct - I would have expected a more positive SP development after the announcement of the oil find. However, we all (not only LTHs) need to understand that the market is governed by short term traders. Those characters have a completely different agenda. When trading on AIM you need to accept the extreme volatility which goes along with it. Short termers aren't interested in oil finds if it doesn't support their short term trading strategy - that is exactly what has happened.
I needed some time to understand how the AIM market works - and I don't claim to have figured it out completely. But putting the blame on PM's management for the SP is not getting us investors anywhere. Take the opportunity to buy in lower or just wait for next year (if you're a LTH).
Just like SYFreshPrince said this morning: It's a "no lose situation" (long term).