Member Info for RG27

And now I can get a quote for 500,000

"I can't believe people selling at this stage. Selling before the flow rates is fair play. But at this stage."

and yet interestingly I tried a speculative sale on HL at 500,000 all the way down to 100,000 before I was able to get a quote.

Thornogsen "..... He has my vote and I have high expectations of tomorrow."

I definitely have expectations of tomorrow, hopefully they will be high, but with a number of years of experience with PM a number of LTH have learned that high expectations can be sadly dashed and there are those on this board who have persevered and bought in as the price fluctuated and will need very high expectations to cover their current losses at today's price.

I know a few on this board who have substantial holdings and who are many tens of thousands down.

I am a believer in the company eventually coming good, but I do think that MB was being somewhat disengenous in saying that the company was fully funded into next year, it probably was, but to then claim to have the interests of LTH at heart at the same time as dropping the offer to 2p from the previous days high and allowing such a miserly amount of stock to go out the investors was not the action expected. I contend that he could quite easily have obtained a similar result and obtained the additional funds he believes he needs for whatever purpose with a discount of 20 / 25% and not the 45% (approx) offer he decided on, after all the price for the previous month had started at about 4.0p and had drifted to 3.69p on the 25th and then on the news that the pice offer was going to be 2.0p on 26th came as a very unwelcome piece of news.

That does not smack of looking after LTH's as he subsequently stated, though I do appreciate that Petrovis and MB himself made a not insubtantial percentage overnight profit along with many of the new investors who came in at the 2.20 - 2.3p range .

ZEUZ started the day at Bid 2.65 Ask at 3.0p

At the moment JBER is 2.4p Bid and 2.75p ask

So a fair spread amongst MM's with prices dropping slowly down during the morning

Thorn.

"... And there has been to the chance to buy shares rather cheaply (hopefully) with a very near term expectation of significant rises on the cards?"

As a long term holder and even with the recent cheap shares, which I gratefully accepted and they have increased my holding to a fair amount above 2,000,000, I and I suspect a fair number of LTH's are still substantially down.

Mr Buck may well have justification for the requirement for new funding (despite the continued statements that the company was funded into next year) however I query the amount of the drop in the price for a small number of shareholders and the very small amount of shares that were allotted to the remainder.

I'm fairly certain that he could have received the same result with a 20/25% drop in the share value and a larger offering to private investors. The obvious immediate profit from the low of 2p could not really ignored for those lucky enough to be included in the initial offer of which Mr Buck was, very sensibly, a participant.

I am still of the opinion that the company will be very successful and am looking for a 6p to 8p valuation over the next 3 - 6 months, however its potential success could have been handled better .

A 100% rise is very much on.

As a long term holder I very much hope so, it would be nice the break even :)

10 x more buys...

There are but only if you only take the purchase/ sale between 8.50 and 9.15

HL tell me that I have received close to 150,000 which is the full amount that I applied for as I didn't have all that much free cash in the account

Stas20.

After looking at Mongolia's profligacy with its resources in the past and the fact that over the last 10 years or so they have been making some effort towards reducing corruption and are severely in need of their own oil, that and the fact that they had been negotiating with India for a while for the refinery gave me sufficient piece of mind, I'm just a little miffed that I bought over 200,000 at various prices during June, the last 150,000 at 3.69 in the week before they announced the offer (including a small 43,000 on the 25th)

All my PM shares are held in an ISA and frankly I tend to use it as an alternative to the nights I used to spend in casinos when I worked abroad. I did enjoy roulette and blackjack :)

Stas20

"Gap up all the way to 3.6p to make up yet, then we motor from there with the right RNS message."

With a fraction under 2,000,000 and an average of 3.96p though not taking account of the somewhat miserly amount I'll get from the offer, I would prefer a substantial rise, 42% would be nice.

Master,

On Hargreaves Lansdown investors should have received a secure message.

"We’re pleased to confirm that your application for the Petro Matad Ltd Retail Offer has been accepted.

What happens next?

We will write to you on Monday 01 July to confirm how many shares you’ve been allocated. This will also be shown in the ‘Pending Orders’ section of your online account from midday on Monday 01 July.

When can I expect to receive my shares?

Your new shares will be credited to your Stocks & Shares ISA Account shortly before 8am on Wednesday 03 July. This may be delayed in the event the company does not deliver your shares to us by this time.

As disclosed previously, Hargreaves Lansdown will receive a fee of 0.6% of your allocation from Petro Matad (MATD). Please note that this is paid to us by Petro Matad (MATD), you have not been charged to participate in this Retail Offer.

Definitely a very welcome short term profit for those who have just bought in and are now selling out.

188 Trades in total of which there were 18,583,479 shares sold and just 9,164,676 bought.

"i'm £4000 down, this ain't life changing money but it's still a lot of money, it's my money and to see it disappear in the hands of multimillionaires ****es me off. "

As advised by Whoknowswhy, "Calm down and wright (sic) off your investment"

I did a day or so ago and reinvested it in Petromatad just before Petromatad issued a chunk of shares at a massive discount to raise funds, even after the chief exec saying a number of times that the company was fully funded into 2025, I was many, many tens of thousands down overnight (along with many other private investors)

Again like you not life changing in the medium to long term, but still not a happy thing, but if you invest in an AIM traded company you really have to expect a few ups and downs and I suspect that spouting off on this board only increases your blood pressure.

Rick123;

That link is a month old and the SP on the Monday following that RND went up to 4.50 or thereabouts.

Aeschylus:

You'll need to check with your broker

• Applications are due to close at 3:30pm on Friday 28 June. Due to the nature of the fundraising, applications can close at any time and without prior warning.

Batiatus .. "I do hope it comes good but after years of patience, there is little evidence to suggests it would happen. It's almost like the management is dangling a carrot that you will never reach. "

Jam tomorrow Batiatus. It was ever thus.

Though I wouldn't mind some margarine today

Kevin - you can do it on HL but only on the website, not the app. It's open until 3:30pm on Friday.

I took some on the offer as well as some on the open market as I have a feeling that the offer will be over subscibed so my request on the offer will be dialled back.

Broomtree ..

RG27 - in very slow wind down so not a lot to discuss

So true, they seem to be concentrating on share purchase when the price is right rather than distributing dividends

Thornogsen "New breasts and a butt lift?"

At my age? Probably more beneficial if I had them done. :)

Buyers still going at it.

Yes and I'm already showing an increase of £317.34 on yesterday's closing value,

No, just moved to a loss £472.10.

Still a little way to go to get back yesterday's drop of just over £30,000 in value.

I'll have to put off my wife's new knee for a couple months then.