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Just had another look at the latest interview and must admit I'm adding a few more, in my opinion it's a simple process ie going forward no bad news expected, but only positive RNSs, fully funded on all fronts now. As soon as the churn has finished, and that could be imminent, we will slowly move upwards. Only patience in my mind is required to make a decent return from here to drill of exploration well and clearly it would be massive if the Heron license does land before new well results. DYOR https://www.lse.co.uk/media/mongolian-oil-developer-petro-matad-raises-66m-to-fund-2023-activities-we-speak-to-ceo-mike-buck.html

Agreed Maestro. For newcomers I suggest the corporate presentation https://88energy.com/presentations/ for and slide 15 re CoS https://clients3.weblink.com.au/pdf/88E/02627306.pdf DYOR

Added a few more. My idea is to hold to spud and into drill as there will be as usual lots of news and FOMO is likely to kick in as usual and can see a proper move above 0.80-0.85, which we already tested. The well has a decent CoS and are fully funded; a lot of churn has probably already taken place and the only negative I can see is out of our control for me ie PANR coming out before our drilling taking place and say that their well has been a disaster in flow rates etc. I'm guessing, but suspect that the PANR CEO would not put in an RNS the following if he wasn't extremely sure from data seen: 'I'm confident that Alkaid #2 will ultimately prove a commercial success'. Time will tell DYOR

Edging closer in my opinion as it's great to have EA health and safety certificates for the Recyclus overall. As Robin Brundle, Chairman of Technology Minerals, said: "We are delighted to have achieved ISO 9001, ISO 14001 and ISO 45001, which positions Recyclus as an industrial scale, environmentally friendly certified recycling facility for spent battery metals. These certification opens up Recyclus' business to many companies and organisations who demand these standards from their supply chain." DYOR

Great news for £9mcap company : 'The commercial terms of the Randox Licencing Agreement remain confidential; however, Roquefort Therapeutics estimates that the total overall transaction value to the Company over the life of the agreement is in excess of £5 million.'

Who knows. Personally not bothered if it’s February or March, but what we do know is that we are only a few weeks away from closing an acquisition of an asset with an NPV in excess of EUR50mio for a fraction of that. Back to waiting patiently DYOR

Just bought another 1,300,000 at 0.717, which shows as
Sell because below mid, but it’s a buy. So don’t get fooled a lot of trades showing as sells are also buys.

Da_Mole if you buy at a price below the mid level between bid and ask at that time dealt your trade will show up as a sell even if it was a buy

the ******* = v o x m a r k e t s

Clearly purely indicative and we need licenses and company to deliver on plans, but have listened again to the below interview from last July between Justin and Alan Green (link below from 18mins in) as a reminded of the metrics mentioned by Alan, namely turnover from the recycling is expected at £9.6mio year 1, £28.5mio at year 2, £55mio year 3, £110mio year 4, £220mio year 5 with a small loss of £300k on year 1 and progressive profits thereafter. DYOR
https://www.**********.co.uk/articles/alan-green-discusses-onthemarket-deliveroo-and-technology-minerals-b26e83a/

The placing shares landed into investors' accounts on 8.2 for value 14.2. In my opinion investors who wanted to sell might be mainly out after the first couple of days of trading and selling will decrease thereafter with punters buying for the drill. As a result I have just added some more just below 0.75 . DYOR

Massive news, almost there and that is on the Lithium battery recycling plant which is the first and will drive gate fees for material taken by #TM1 to recycle and sale of derived high value components thereafter. I’ll try to find it but there was an interview where Robin Brundle was explaining the potential revenue stream from this plant.

Just as reference my buy was 1,150,000 shs at 1.09, it shows as a sell as it was done below the mid 1.05-1.15 when executed, so the higher prices now are all buys, don’t get fooled

We all have a different take, I bought in various tranches over time and am buying at these levels. Just a waiting game, sooner or later the licenses will land and these
Prices and incredible low mcap will be a distant memory. Dyor

Only time will tell, but in the meantime interesting updated research version today by Zeus Capital with below 'Conclusion' section for information only, clearly disclaimers apply and DYOR:
'Petro Matad operates in Mongolia where it is developing its 33mmbbl Heron
discovery. This is planned to be brought onstream in 2023, with subsequent drilling then driving
ongoing production ramp up. Development is expedited by the plan to use existing nearby
production facilities, and post the initial programme Petro Matad should be able to use the
cash flows to fund ongoing drilling, delivering regular drilling results and steady growth in
production and cash flow. There is upside on Heron from application of modern completion
techniques, which could increase recovery potentially as high as 60mmbbl. Alongside Heron,
there is very significant potential upside from upcoming drilling of the Velociraptor-1
exploration well, which is targeting c.200mmbbl. This is expected to spud in Q2 2023, and
represents a profound drilling catalyst for the stock, in our view. The company is well-funded
from its US$6.6m end June 2022 cash holding and recent US$6.6m placing. With news flow
upcoming on both Heron and Velociraptor-1, alongside the discount to our 17p total risked
NAV, we have a positive outlook for the shares.'

Looks ok to me and much more exciting than it has been here for a while. We are funded to drill an exciting Exploration Prospect soon, say April/May, which, although high risk, would transform MATD. In the meantime they continue to push in all directions to resolve Heron, where we are already funded by probably $5mio or so cash left before this raise, say we spend $1.5mio on Heron to get production going, we will be able to fund the further 2-3 development wells from the cash left for that side of the business and production revenue from the first Heron well. Costs in this part of the world to drill a well are pretty low, say $2-3mio per well and productions costs maybe $10 per barrel. They have no debt and no warrants, are fully funded for all projects and are well placed to get some new value accretive licences. Personally 2023 will be very exciting for MATD and we all know it and may add if there is any weakness. Just my thoughts DYOR

All coming together for an exciting 2023

Are one of the best fund managers and would have done extensive due diligence before buying into DELT, great news indeed.

On the positive I'm very pleased that the PANR CEO does add a statement in their RNS which has clearly a positive read across to 88E, namely: ' I'm confident that Alkaid #2 will ultimately prove a commercial success'. Time will tell, nothing is guaranteed in this game. DYOR

Personally not that bothered and if the rig is delayed slightly and we spud not early March but a week or two after that it could work in our favour as we will have a bit more time after the churn has ended to get investors excited, FOMO to kick in and move even higher before well results.