Member Info for shadow525

Brent Crude still around $77 a barrel and having an influence on SP but the real movement will be on announcement of a Farm In deal and could double the SP initially but only the start . Still believe this is a longer term game now with the development of Block XX and VII possibly over the next 3 years and an SP beyond 10p with Refinery probably coming on stream 2028

Playing the investment not the man. My investment here over the last 3 months up 40% and we haven’t hade the news on farm in yet let alone the long term benefits of further development in the basis and benefits from when Refinery comes on stream. As indicated before playing the long term game here probably 2028 and beyond but happy with progress

BUY BUY BUY

Must agree with the Refinery a Red Herring the pipeline built built to carry water for the local Yak herders Herders and when Iran defeats the USA oil price s likely to fall to $10 barrel can see the SP here falling back to 0.5p

Let’s just say oil prices are heading north and with the receipt of withheld monies from PC , Mr Buck must be looking at MATD’s bank balance and rubbing his hand every day

If we have a drawn out conflict in Iran with continued strikes by the USA and Israel can see Oil prices heading up to $80 a barrel. Not good news for the world but short term benefits for producers but let’s hope sense and peace prevail enough conflict in the world already

Once a Farm in deal is signed and development o the basin starts in earnest I believe the SP could easily reach over 10p. You can wait for then or risk getting in now at a lower price but remember the refinery nearing completion and pipeline to the basin already built billions of dollars already invested by Mongolian government to support oil development in the country. In addition Petrovis the largest investor in MATD a key player with the government in improving storage capacity and distribution of oil. Whilst SP can go up and down IMO this share has huge upside potential but DYOR

Want to sail down the River of Oil

Let’s just say News on Farm In deal could drop anytime now especially after Bucks comment in last RNS. Let’s just say added a few more wouldn’t want to wait until next week and miss the Boat. GLA

Already a high today of $72.04

Posts getting a bit obscure.but to keep it relevant we are all waiting for news on Farm In and plan for development of the basin but with refinery nearing completion and pipeline built IMO this is now down to time only . But when announced only the start of the development I expect SP to hit over 10p in the next few years .

Near 100% a sell at that price but hopefully it now gives the MM’s a few shares in their back pocket to trade up to the next level, but we need the news on the Farm In to re-rate IMO.

Patience

Suspect a few stop losses actioned today around 124p and whilst may still drift lower must be considered a long term buy still IMO.

Ps don’t look back look forward but always Risk Reward

SM whilst I don’t need to defend my investment decisions quite happy to hold million plus shares at around 1p per share with refinery nearing completion, pipeline to basin being built, MATD now a producer, number of interested parties for farm on block XX and VII , along with MOU signed with PC and outstanding monies paid. Make your own choice on investments and GLA

As indicated on 10th February believe the resistance level is in the 130’s without sign of another bidder. Whilst still believe this is a hold can see it drifting down over the next few weeks but longer term still believe another bidder will come back in before year end.

Whilst trade today was matched at about 4 million sold and bought the upside potential here is significantly greater than the downside IMO and with news on the farm in over the next few weeks likely I suspect this share price will re-rate. DYOR but must be considered a Strong buy at this price

Remember once winter is over there is a reasonable possibility they will get Heron 2 on stream if only in a limited capacity 50 to 100 barrels per day after further work and with Brent over $71 per barrel all welcome.

Added more GLA

Looks like resistance level in the 130’s will probably need a bidder in the background to go significantly higher or DBAY further stock building

Whilst this could still move either way on the next piece of news I believe longer term with the refinery nearing completion over the next year and pipeline already built to the basin along with a number of interested parties looking at a farm in for the development the long term prospects can only be positive. Like analysts imo the SP gain will probably be several fold this year and have doubled my share holdings accordingly this year sub 1p