Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
This share has lost over 70% of its SP value since the beginning of the month you would think its a reasonable time to buy at this price but not convinced it will survive the current crisis so decided to wait a while yet as the corona virus accelerates but GLA, holding any share now difficult my portfolio down over 30 percent this year.
Still watching this share and believe still a long term buy under 6p but think the SP has further south to go yet over next few months and really needs some upturn in results and growth before an SP rise can be maintained IMO, and a placing first to raise further cash still possible this year.
Whilst I have been advocating this as a Strong Sell since sold out at 13p, believe sub 6p this must now be considered as a weak buy going into 2020 as the company grows and warrants expire in March. One to watch closely over the next few months for investment opportunity again. GLA and Merry Christmas
Whilst I believe Nick is doing a reasonable job and longer term future for ZOE looks good, legacy issues from HNR and warrant overhang need to be put to bed over next few months as still think these are putting the brake on SP getting back over 10p in the short term. Of course just my opinion but holding on re-investing until next year as using cash elsewhere GLA, but nice to see a blue day.
My viewpoint since broke 13p before OTC listing on a trading basis believe funds can be utilised better elsewhere in short term, as I posted previously think this will drift in a trading range over next few months, but at some stage next year likely to be a strong buy as a new company in a growing market.
Think my recent posts slightly taken the wrong way, I think ZOE offers good medium to long term potential, but IMO think the next few months will be fairly quiet probably stay below 10p although no doubt any day could see a good gain or fall but don't see it doubling or trebling in price and thought 13p a reasonable short term price to use funds elsewhere, but will be back in new year as still owes me a few bob to breakeven from HNR days, hopefully other oil investments will continue to make good returns.
Sorry but took my own advice and sold all my holding at 13p just before American listing will watch carefully over next few months until warrants expire for re-entry point as still believe in long term future but using cash elsewhere at mo but GLA,
With potentially 25 million plus of oil in Heron and Petrovis as a main shareholder and Petro China next door does anybody really believe MATD will not secure the funding to bring the oil to the surface, of course the real key to unlocking the door now is to gain the Explotation Licence, bring on 2020.
This drill IMO was what the real attraction for the investors from the recent placing at 10p including the directors, who lets be honest are better placed to assess the risk than ordinary PI's. Have recently topped up at these prices average now well below the 10p and consider MATD a fair to good risk investment.
With a stated target over the next few years of between 30,000 and 40,000 bopd Faroe could soon be a $ Billion dollar a year turnover company what's the share price worth then still think it has a long way to go by natural growth even without a bid by DNO.
With a slight rebuff by the BOD and ii's guess DNO are probably likely now to launch a hostile bid next and IMO within the next six months. Whilst they would want to gain control at the best price having to back off trying to get seats on the board first the price is likely to have to be north of £2.
Looks like some short term profit taking as SP hit 13p, but getting a very risky game playing the ups and downs as we get near the start of the drills easy to miss the bigger play, have added a few more this morning at around 12p and will now sit back and await next RNS and start of drill. GLA
Good rise today but SP still low IMO and have added a few more, as others have pointed out will oil prices above $75, this company could be approaching a billion dollar turnover in a few years time with production target of 35,000 bopd and above, Still looking for at least twice current share price, but suspect a bid will come in well before then.
Could not agree more and whilst the last year has been extremely positive for the company, think this will pale in comparison with the expansion in production to come over the next few. However would not be surprised if a formal takeover bid does not come within the next 12 months IMO.
My opinion and not trying to ramp but firmly believe this will rise towards the 15p level before drilling commences as more speculators jump on board, but of no real issue either way as I am sure the majority of investors are now holding awaiting the outcome of the drilling campaign this year. Whilst investment is always a risk the upside potential here I believe is high. GLA.
Been watching this share for nearly a year now since it fell from 160p, think some progress on recovery has been made but still a big question over the USA, however that said might be time for a small investment at this price level as see more upside potential than down over the next 12 months. GLA..
Exactly 100% profit at this level, but as indicated before with Oil prices at these levels, strong growth forecast over next few years to over 35,000 bopd and DNO in the background, still a LTH and looking for nearer �2.50 per share, am only a buyer even at this level.. Believe this is still one of the best investments on aim for the future. GLA.
If oil prices continue to strengthen can see the SP going into the 150's, but still a very cheap price IMO for DNO to mount a formal bid later in the year especially given the reserves here and strong cash position personally looking for this one to reach at least �2.50 and probably a full floatation on the main stock market.