Member Info for shadow525

Loans will help but see the SP falling as major holders start to dispose of holdings

Think the market is starting to price in a fund raise at some stage this summer, no doubt Virus situation and oil prices etc have put a strain on finances in recent months, cost cutting and shedding of labour should have helped but can see a need to raise further cash at some stage when economies start to return to normal.

Of course only have one investment strategy buy low sell high and funny seems to have worked every time and by the way don't think you can ever get the bottom or the top.
Do your own research and decide were you think MATD share price is at the moment.

GLA

Remember the last placing to raise finance to drill Heron, Gazelle well oil was expected along with the wildcats was at 10p a share and with a conservative 33 million barrels in Heron and further prospects on Gazelle I am sure the investors will want to see a return on investment when oil starts to flow to the surface, so I think any further placing at the figure quoted below will be limited and IMO a joint venture with PC more likely. First step the licence but I believe the upside from here is huge,
but probably at least a year away.

We all know the real value of this company is still underground and will probably take over a year to realize even if we get the exploitation licence shortly, but believe not reflected in current SP, so in my opinion a current buy and long term hold have now managed to accumulate 600,000 but target still a million. GLA

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,

Barrels that is circa $1.5 Billion

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.

Think we are on the cusp of good things to come and SP still at a very cheap price IMO given the prospects here for the second half of the year. Will be adding a few more next week as funds become available. GLA.