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I see the Riverfortites are out this morning.Who, in their right mind wants another 2 year selling frenzy wiping out even more of what little is left of your investment.Expect the sp to fall again,(just like last time)when the new death spiral's announced.Investors don't want death spirals anymore because it defeats the whole objective of investing by wiping out yr investment.Much better for them to pack up on PFS and go home until someone shows some genuine interest in the project.Paying Millions of dollars in salaries each year from PFS onwards is totally pointless and a complete waste of shareholders money if no one is interested in the project.
Noloss continues to delude himself that this isn't death spiral finance but his shares have gone from 7/8p to 3.8p since Riverfort arrived 7months ago.Noloss, you say this is not Death Spiral Finance because it works as well in a rising share price.Noloss, All Death Spirals work well in a rising share but you'll rarely come across one and amc is no exception.
Lots of Deluded shareholders here from those that are well overweight in amc, they have averaged down continually and now convince themselves that Riverfort may not be so bad after all.
1/2p is coming within 9 months of the new death spiral being announced, many will laugh at this comment but the same people ridiculed and mocked my prediction to sell when Riverfort arrived and after falling another 50%, I have been proved right and my advice to sell up on Death Spiral news has proved to be sound.
Next stop 2p.I bet you don't have to wait long for the new death spiral to be rns'd.
FID has not been officially pushed back but my guesstimate is based on the fact that they recently said it would take between 3-6 months to secure the finance package, 3 months is up in November & 6 months in February, and there's no possibility of FID until finance is secured.So it is indeed possible that we could get FID in December at the earliest but I think it unlikely as we all know these things always take longer than expected.The procurement of finance for SL is taking longer than originally anticipated,hence the 3 to 6 months statement, when FID was supposed to be Dec 18 and sanction mid 19.
I would love to be wrong on this and we get FID Dec 18 but I do not foresee this !
Rob; Yes, I have been buying the dips and selling the highs for added leverage but I can only do this when no news/updates on SL are expected. We could hear some news on funding in November, so it's too risky that we may not get a decent dip in time to buy back in for the November finance update-so I'm holding at this point in time.
I did close a few rkh spreads last week, I bought them at 36 and closed at 38.80,its not big money as I'm only scalping the trading range but it increases my holding each time I buy back without costing me anymore money.
Investors are clearly disappointed with SL FID being kicked down the road again,hence the poor recent performance with the sp as the Poo powers on to $85.
We were all looking forward to FID at the end of 2018 as stated by both Premier & Rockhopper but it's not to be,next year is the. cry, as always.
The problem is it will probably be 7/8 years into this oil bull cycle (we're in the 2nd now) by the time SL is producing and it's impossible to price so far ahead with any accuracy, so their strategy of keep waiting year after year for everything to line up means there is every possibility that we will be in a completely different oil cycle by the time they start getting any oil out of SL,and that's saying that it ever gets sanctioned.
I'm disappointed that there's no FID at the end of this year as it was stated numerous times by both companies and then it just gets kicked down the road again as the Poo approaches $100.
This Bull cycle could be done and dusted by the time SL finally produces.
The Amc board would be absolutely devastated at the prospect of a T/O.It would be the worst possible scenario imaginable for them.Its the last thing on earth that they want. Their milllions in salaries will simply disappear and then Paul Gazzard will get a weeks holiday at a Pontins in Wales and the others will fare little better.Even RY, the Ceo will only get around 4months salary for his ground-breaking 12/15 years work discovering a £25 Billion Nickel deposit.
The board have displayed absolutely no confidence in their own company whatsoever with their pathetic shareholdings and who can blame them when they constantly employ proffesional companies to destroy the shareprice.
All on course to spud the Mighty Wild Horse in October.
Now we can all look forward to the largest drill on Aim this year and Matad shareholders could be getting a 'very special' early Christmas present if Wild Horse hits the Black Gold.
Gentlemen, its time for the Main Event.
No Fund is not short !
But if he actually believed in his own rhetoric about WH not spudding in October and the sp crashing to 3p, then he would definately be short but he clearly doesn't believe in his own rhetoric.
He is happy to tell everyone that WH won't spud and that the sp will fall to 3p but he does not want to make 50% profit on his conviction because he does not actually genuinely believe in his own conviction on this particular point.
Truth is,Ole Fundy is simply 'scaremongering' and hoping WH doesn't spud in October so he can enter at his chosen 3p price target but unfortunately for Fund, WH will spud in October and his elusive 3p price target will be little more than wishful thinking.
I like Fund and thought he was a savy investor, yes, I know he panicked in the 1st Matad Bull Run when he boasted about bailing after only a few paltry pence rise,only to see Matad rise another 34+pennies or 900+% but Fund's no mug and generally knows his way around Aim,but if Fund was really clever, he would know that WH will definately spud in October, although it may not get TD in 2018,however, the opportunity to derisk will present itself from 5.8p as speculators pile in on spud for the biggest and most highly leveraged drill on the London Stock Exchange in 2018.
There is money to be made here for both traders & long term investors, its 4/1 for life changing gains on WH and you still get another 4 drills after WH, including the 200mb Fox prospect,so Matad is most definately the one oil explorer to be in for 2018/19.
Gentlemen, Place yr Bets !
So it's all hot air from Fund then.He has no serious belief or conviction in his himself to profit from what he perceives as certain in that WH will not spud and the sp will to crash to 3p..Exactly as I thought.Lots of hot air but nothing behind it.
He will not back his research & conviction up with a single penny of his own money - whereas I have put my money where my mouth is and placed £16,000 on Matad spudding in October.
I also noted the silence on his 12.11 scaremongering post when he stated there are only small drills left after WH, poor ole Fund forgot about Fox targetting 200mb.
The Chessmaster knows how to flush out his quarry !
Maybach, I only have a few hundred thousand shares now, I sold most as soon as Riverfort arrived . I hold mostly spreads at the moment and I will be unloading as soon as some good news arrives before the next Death Spiral with Riverfort begins.
I really do not see why the board can not at least try a placing for this £4million, other companies I invest in like Petro Matad in Mongolia have done successful placings recently - so why can't amc at least try ? Too lazy, can't be bothered,couldn't give a she!te about shareholders or the destructive effect Death Spirals have on shareholders investments.
I would consider being a lth if they did placings but the odds are massively against us with all these Death Spirals so I am only trading here and will not be holding shares or spreads any longer than necessary.
Poor Ole Fund's been Flushed Out !
If he says he's not short after telling everyone WH is not going to spud and the shareprice will fall 50%, then he simply does not believe his own guff - otherwise he would happily make a quick 50% profit.....On the other hand if he says he is short ( based on his conviction & research) then he's going to look very silly when WH Spud's in a week or twos time and lose some money too?
So which one is it Fundy? And are you still convinced that all the drills after WH are small as you stated in your 12.11 post ? (Foxy forget me not )
Knowing that Fund's short is going to even better when this Spud's and if he hasn't gone short then he does not believe himself and is full of hot air.
Fund's here to make money, just like we are and his is sure WH won't spud and the sp will fall 50%.So he will be short and if he isn't then he simply does not believe in himself or his own research.
So Fund, you will of course be short Matad?
You are sure it won't spud based on your research and it's going to drop 50%.
So it must be a No Brainer that you are short, yes ?
Fundy, its very naive of you to assume WH will drill at the same speed as SL. It all depends on what they are drilling through.That's just basic common sense.
Fund says in his scaremongering 12.11 post...that the only targets left (after WH) are small prospects "...Once again, Fund is totally wrong, one cannot consider the Fox prospect targeting 200mb a small prospect ? It's worth a shopping $2 Billion NPV to Matad if they strike the target, do you really consider that small Fundy ?
Your info on Petro Matad is all over the show Fund, your out of date on your drilling times for Wild Horse & you haven't got a clue about the upcoming drills, which you say are all only small.
Your posts are ill-founded,ill-researched, nothing more than badly researched scaremongering for your elusive 3p price target.
Petro Matad is the Undisputed Most Exciting Oil Play on the London Stock Exchange! Fact !
Here's the deal, its basically a 4/1 bet that could change your life, if you win$$$$, you may never have to work again, if you lose,your investment will fall 20% (as per SL) but from a higher price after the rise on spud.So those buying now cannot really lose and you still get another 4 drills after WH.What's not to like about that ?
It's a No Brainer unless you have No Brain like the doomsayers -who fail to comprehend that WH will spud in 2018 inspite of all the compelling evidence !
Petro Matad is the most Exciting Oil play on Aim ! Fact !
Poor Fundy, he sounds more desperate with every post.
His drilling times are well off the mark,its 25 days, The shortest drill at 1850m.Ole Fundy should try to keep up with play here.....And I quote yet again from my report " according to internal sources the COS on Wild Horse is 20%" but you are free to go with whatever you like ;-)
Only around 1week to go now and Fundies 3p is gonna look very silly along with all his scaremongering ! I think he will disappear on spud but I really hope he doesn't so we can all have some fun reciting his posts about WH not spudding.
I have no concerns whatsoever about whether WH will Spud in 2018 as planned, Fundy and the other doomsayers are gonna look pretty stupid in around a weeks time when The Big One Spuds and the sp rises!
Yes, a good overview from Proslenes for any new or potential investors.
Not only does Matad offer higher leverage than Char with 100% ownership but you get 5 fully funded drills for your money- so Its Matad all day long for the clever money, although if Char hit black gold in size they will go Ballistic as will Matad.
I think Wild Horse will draw the speculators in once spud's announced,many are on the sidelines here because of the unfounded uncertainty but they must pay a premium once WH Spud's.
The risk reward here is very attractive, life changing $$$ on a strike with odds of 4/1 and a modest 20% loss if it's dry but then you still get another 4 drills for your money- it's a speculators dream !
Gentleman, let us focus on Wild Horse and not mindless bickering ! We are soon to Spud the Mighty 480mb target and there's a 4/1 chance it could chance your life...That means Spanish can trade his Yak in for a brand new Skoda and Ojay will be able to retire on an Hawian beach with Manro and all the other True Matadors ;-)
You should really do your own research Fundy but A Vox Markets author did a detailed report on Petro Matad and in this report it says,and I quote, 'according to internal sources Wild Horse has a COS of 20%'. This is Very Good Odds for the prospect of 'Life Changing' returns, whilst the downside is very limited because there's still 4 wells to drill after Wild Horse.
Mike Buck has stated they will drill till the end of November, Wild Horse is the shortest drill at just over 3.5 weeks.We are still in September and they P&A SL 8 over a week ago - so I am 100% certain WH Will Spud in 2018 as Planned.
Savy Investors are loading up now ready for the Big announcement in around one weeks time,the shares are creeping off their lows and it's 5.9 to buy now.That's the clever money buying in for WH Spud.
Price targets of £3 are not unreasonable if Wild Horse hits Black gold, that's a 50 Bagger from today's price. 50 times your stake at odds of 4/1. And you only lose 25% of your stake if its dry.That's a No Brainer !
On top of all that there will be the option to derisk( for those that wish) on Wild Horse as it will definately rise on spud ( no flippers this time).
Place yr Bets for the Biggest Show on Aim !
Now we know Wild Horse will spud in 2018 as planned,let us just recap how exciting this potential 'company making' drill is for Petro Matad shareholders.
Wild Horse Targets 480mb.
A modest 150mb discovery would give Matad a NPV of around £3Billion, that's over 70 times the current market capital.And if they hit the jackpot most shareholders will never work again.
Wild Horse has a 20% COS ( Higher than Snow Leopard ).
Wild Horse is endorsed by Wood Mackenzie with its inclusion on the list of the best wells to drill in 2018 alongside super majors like Eni & Repsol.
Company CEO Mike Buck says Wild Horse is a "Must Drill Well" because it has a well defined 4way dip structure and amptitude anomoloies that are indicative of 'Hydrocarbons' !
Note: Should WH be dry, then shareholders will still have another 4 exploration wells to drill next year - so only a modest fall will be expected on a dry well for WH but that few penny fall will come from a higher shareprice because speculators will push this up first for Aims biggest drill of the year,which may spud in around one weeks time.
Gentlemen, This is the Main Event, Place yr Bets !
I concur wholeheartedly Potatoehead, The Amc board have treated their shareholders with the same contempt that you would treat dog dirt on the bottom of your shoes.
They have tricked, lied & hoodwinked them to secure yet another death spiral for their own large salaries.
Why won't the board at least try a placing for that £3.5million and give their shareholders some respite from the relentless years of death spiral financiers selling shareholders investments into oblivion.
If they can't get any reasonable finance they should pack up when the PFS is done,go home and stop wasting millions of pounds of shareholders money each year on their salaries until someone shows some genuine interest in the project.
Enough is Enough.Even the most patient investors must be disgusted by the boards total contempt for their shareholders.
The Significant announcements, media week in September, its all lies so investors will buy Riverforts shares,the PFS has been coming for nearly 2 years now.Talk about Taking the P!SS
This Statement was patronising.
How can the board thank long term shareholders for sacrificing their investment on the Kun Manie project for the boards salaries when the board haven't invested in their own company themselves ??
In other words...Thanks for losing almost all your money for our salaries and I'm really pleased that we did not invest and lose lots of money like all you lot have !!!