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Matd is still about 15% up over the last two weeks trading.

Agreed. It's Sunsteppe I'm increasingly intrigued by. Buck mentioned news on the giant battery project in Q1. I'd love the company to be in a position one day to pivot away from fossil fuels. Mongolia is pretty much the most ideal place on the planet for solar and wind power. The potential is unlimited and Matd is right in at the start of the journey. Great vision from Buck in my view.

Also RBL comes into play once we get production up a bit. The model becomes self-perpetuating then.

Several other routes to finance have been mentioned by the company so why the obsession with a raise? For balance, we should talk about all the other options. My money is on a soft loan from the Mongolians themselves who need the oil, and revenue to flow and won't want the Chinese to get their mitts on it. Any interest from the Chinese offers Matd great leverage with the local actors. It could well be small, short-term loan sufficient to do the relatively straightforward works at H1 to get production up, and to stimulate H2 to flow. Once we have good flow everything else follows in my view. Plus the more oil we have flowing the better bargaining power we have when JV suitors come calling for Gobi and the new PSC's. Like I said the company is in its strongest ever position and just needs a final push to get it up and running of its own accord. This time tomorrow we'll see who was right. Mike Buck is a major shareholder. He wouldn't dilute himself if he could avoid it. S

*accretive not accredited. Sodding predictive text is a pain in the arris.

Anyway, it's time to ignore the attention-seeking stockbashers.

I'm not seeing a raise but if Buck does go down that route it had better be accredited ie adds real value to the company to offset the dilution. In my view there's enough in what the company has said in the past to suggest other routes of finance. Being a producer now is a game changer. A financial package underwritten by the Mongolians, a soft loan, JV, farm-in, RBL are all possible too. I believe Mike Buck would do all he can to at least minimise dilution. Malcy often says that Buck is one of the good guys. Dilution in the past was inevitable as it is for all explorers. It is not inevitable now as we are a producer. All to play for still. The company remains in the best position it has ever been in. Let that sink in.

No investor posts only negative comments on their stock. Anyone claiming otherwise is a liar. Pretty simple.

Like I said, the stockbashers can never give an account of how they are hoping to make money here. It can't be by the sp going up as no investor simply bashes their own stock day after day. Liars and manipulators the lot of them. Hopefully they won't be here much longer.

Because there was a spike. They saw an opportunity to drive the price down by killing drowning out positive sentiment with a flood of negative pos5s and aggressive attacks on the most enthusiastic investors. They CANNOT argue that this has no effect as they insist in every post that so-called 'ramping' has a great effect. Hence it's market manipulation through stockbashing. Classic. And illegal. No other explanation.

Why would anyone post relentlessly, and for months on a share in which they have no stake and about which they have nothing positive to say? To manipulate the market is the only possible explanation. That's why they can never guvecany credible reason why they are here. They must believe their aggressive deramping is having an effect as they claim louly and repeatedly that so-called 'ramping' is having an effect. They can't have it both ways. Also 'ramping' and the sp is on its knees? Really?

I think 'half-truths' is being very generous about whatever Adw is saying. I greenboxed them when they admitted they'd sold at a big loss but they continued posting 30 times a day. What honest reason could there be for such behaviour?

Yes, stockbashing is a form of market manipulation and is therefore illegal. That LSE does nothing about it makes them complicit. I've made this point to the FCA already.

Yes, LSE won't get a subscription from me until they do something about these coordinated stockbashing gangs. Their platform is riddled with them.

Could easily be any of those Abzzba. Something along the lines of 'we are in discussions with our neighbours for JV...not concluded yet', etc.

D9nt listen to anyone who posts and is not invested Billy. They are part of an illegal stockbashing gang who have been attacking this share and this board for months. There can be no other explanation for so many negs posting under multiple IDs for so long. LSE won't do anything about it which is why most people won't pay a subscription. I just greenbox the rubbish.

You could be right Abzzba. Our Heron must be a huge temptation to our neighbours. Our oil flows at one of the highest rates in the whole basin. I'm sure there's at least been a polite enquiry as to..

Keep up the good work WOS. Much appreciated.

The delay could have any number of explanations. Personally I think our Heron field is a big tempting cherry for our block neighbours. It would work for them in so many ways. Mike Buck mentioned there is a plan B for getting the oil to market so they will have to pay full dollar for it. The company has also made a point of ensuring that investors can participate in the upcoming AGM - big announcement just prior to it? Seems to fit to me. Maybe even with a Sunsteppe announcement thrown in for good measure? Exciting times for sure.

Erm, I'm pretty sure Gupta is an Indian name.

Furry65 - another nihilist in the human composter. A waste of the precious gift of life.