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Ah, the mythical 'single seller' trope being being trotted out again. Tiresome nonsense.

As I thought, shares increasingly tightly held in stickier hands. Liquidity hasn't been investors' friend here recently so not unhappy to see a slow day. Investors now locked and loaded awaiting news and traders haven't got as much bandwidth.

How about the idea that Buck is trying to put together a consortium of the various stakeholders? Massive acreage esp if new PSC's come in, possibly too big for MATD to go it alone in a timescale which would suit the Mongolians who are suddenly in a hurry, share costs and profits which Mike Buck uses to pivot the company towards renewables, wind, solar, where the opportunities are almost unlimited. Matd then fully aligns itself with the Govt's environmental policies and commitments going forward. It's what I would be trying to do from here.

Sp up again despite the news not arriving yet. More days up than down now, so things look like they are turning. Will gradually become too difficult to trade soon, especially as news starts to land. Should be newsflow through winter too, for the first time ever as we should get monthly bopd updates. Love it.

Modest flow at H1 secures the company's financial viability going forward. And we know it flows at 821bopd UNSTIMULATED.

Let that sink in.

'World Health Organisation? ....... no I think its more likely to be the market makers and shareholder nervousness.'

Apparently we shouldn't guess other people's motivations. AdW said so, so take it up with them. Just saying.

They is plural and not singular. Market makers and traders are doing it. It's fairly obvious who the traders are if you remember the axiom that genuine investors NEVER make overwhelming negative predictions and interpreations of everything the company does. The sp will go up in time as the company is in a great position, in fact the strongest position it's ever been in as it is producing oil and the single wll at H1 is sufficient to secure the company's viabiloity going well, even at a modest flow rate. The FACT is, however, that the well flowed at 821bopd UNSTIMULATED, one of the highest ever achieved in the basin, and the company also confirmed that the well retained its integrity despite the lengthy shut-in period. The company becoming an oil producer, with oil flowing unstimulated, absolutely underwrites the investment case. 30mill mcap for big field, millions OIP, free-flowing high-grade oil, no debt, backing of local authorities, route to marker plan A and B in place, 100% WI, other PSC's in the pipeline, other fields being probed and explored, no debt, diversification process underway, refinery being built. Good case for me. Buy, add, hold. No-brainer.

With respect ADW, why are you assuming that my generalisation about posting and trading is specifically aimed at you? I never mentioned you but my post seems to have triggered you? Why is that?

I repeat, a genuine investor never makes comments which overwhelmingly posit negative predictions as to a company's progress.

About 18% up in seven trading days is a decent rate of progress imo. Spikes and retraces are what the traders want but a shallower incline curve is much more sustainable.

Did I mention that the CEO has bought millions of shares too? I always love the way the traders try to say a director buy doesn't really matter because, er well, they have plenty of money so they're bound to throw it around without any real reason. Doesn't mean much....chortle

Yes, just as much possibility of a farm-in with DQE or A.N. Other, the Mogolian authorities underwriting fiancing, a buyout for multiples of the sp by a larger entity impressed with the Heron field. Btw I'm not saying these things will happen but you should always look at all possibilities when assessing a company and being an investor I naturally, and logically, tend to look at the potential postives going forward. The share price is 2.5p, Mcap around 30mill bucks for a company with production from a free-flowing well, no debt, 100% WI, backing from local regulatory authorities, no debt, more wells to come onstream, a secure future at even modest flow from a single well, diversification in place, no debt, and a local refinery being built via massive investment in infrastructure to take all our future product, so why worry too much about the riskd that have always been there? Without the risks the MCAP would be triple of this by now.

Ignore the traders. They're the ones who only ever post questions and negative comment. They are easy to spot. This is in a tight trading range, no mythical single sellers, just the sp being worked by short-term traders. Filter and forget. They are easy to spot. Helpful tip - a trader will always try to dress up their constant negative posting as reasonable questioning - a real investor NEVER talks down their investment. Occasional irritation yes, occasional criticism but overall positive. Anyone who posts nothing but questions, often unanswerable ones, constant negatvie predictions as to outcomes etc is always a trader or shorter. Ask yourself - what investor in their right mind would constantly make negative predictions about the company's future progress? The answer is absolutely clear. Filter and forget.

It's how trading works at this end of the market. Cheap shares, very liquid, let it creep up because basically it's a good company with a greta future so there are aleays buyers, then work hard to kill sentiment once you sell. As I said the sp is up over the last seven trading days despite the selling and the traders attacking everything about the company on here every single day. That suggests to me that the buying pressure is solid as it is currently too strong to let the traders have their own way in terms of knocking the price dwon for a re-entry. In time, this will end as trading we become unsustainable. Keep up with the newsflow, keep developing the company and the traders won't have the ability to trade as easily as the sp stays on an upward trend.

Just range-bound trading, nothing to do with a mythical single seller offloading. Just a tiresome trope oft-repeated on thse boards to play on fears. Wa never any Tr1 indicating anyone with such a vast number of shares so cannot be a single seller. 18% up in the last seven trading days hence the traders having to work hard to depress sentiment to get their lower by-in prices. Despite a concerted effort by multiple posters to spread negativity this is slowly creeping up. Tough for traders if there is no spike and retrace. Nice bit of newsflow in the coming week as well as regular updates on production through winter should keep this on a nice slow upward trend. Ignore the manipulators and see the bigger picture; producing from a well that flowed UNSTIMULATED at one of the highest rates in the basin, no debt, money in the bank, Mongolian authorities showing sudden support, other wells planned, Sunsteppe, Mike Buck looking for farm-in and/or sustainable RBL for growth. Even a modest flow at H1 ensures the company's viability going forward. Patience and don't be conned out of your reward over the next months and years by those who post misinformation for their own trading agenda. They are incredibly easy to spot so ignore, filter and forget. GLA honest holders.

Anyway, markets closed now so time to switch off. Have a good weekend all and see you Monday bright and early to discuss the ramifications of the RNS!

Huge infrastructure investment by the Mongolian government shows their commitment to achieving energy independence in a short timeframe. Hence their sudden desire to facilitate MATD's route to production. Without MATD succeeding then they could end up with a number of engineering white elephants. I suspect they'll back MATD with financial support now they've had proof that Heron is productive. They are falling over themselves to get some reflected glory from H1 production as you can see from the pics from the opening ceremony. Things have changed now they can see it is really happening and the can only bode well for us.

There's no need to exaggerate anything tbh. The way the company has progressed over the last few months has been spectacular. The potential newsflow from here is very, very exciting.

For me, even an initial modest flow from H1 alone ensures the company's financial viability going forward as it has no debt to service.

All financial decisions from now on will be geared solely to adding value and enhancing growth.

Let that sink in for a moment.

Sp still up by 13% since this time last week despite a week of no news and a pretty aggressive camapaign of trying to sow doubt. I'm happy with that. The price is clearly a bit range-bound but a decent week nonetheless. Forwards to the winter with confidence for me. Producing oil from a well which produced 821bopd unstimulated, a very high flow rate for the reservoir basin, H2 news to come possibly coming onstream in the next couple of weeks, Gobi lab work to come back, Mongolians seemingly very keen to get this moving at last, Sunsteppe shaping up nicely already with developments expected early 2025, MB thinking about a little bit of sustainable borrowing to speed up growth, but no debt atm to hold us back, debt will be by choice and therefore accretive rather than dilutive, CEO holding a big wad of shares, Malcy likes it, very experienced operator in DQE, workaround in place to get oil to market and a plan B in place to guarantee income security, good relations with neighbouring block operators, potential farm-in, and my favourite speculation, a bit of financial backing, or underwriting a loan, from the Mongolians themselves. Got my average under 2.5p. Will enjoy a very fine wine this evening and may even splash out on some jellied eels. Champion.

Y-alam, for me it's just traders and MM's trading in a tight range. Occam's razor for me.

Btw, for the sake of keeping things accurate here, for all you investors that are so concerned about the trading patterns and are very narrowly focussed on the selling as the root of your anxiety, then let's keep in mind that the, despite the frustrating market fluctuations this week, the company's SP is currently up about 13% since this time last week. So, I would respectfully suggest, let's not focus on the negatives too much. As investors, we shouls focus on the reasons why we are invested too.