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Aim is all about now, RNS basically says licence is still a while away, hence no big uplift.
May start to see a sustained rise in 4-8 weeks once licence issue is imminent - we hope.
Overall though , for longer term holders appears to be moving in right direction.
Also remember fund raise likely, but not 100% as may be able to raise funds as part of farm in deal.
Amazing how boards are similar, usual tampers and derampers winding each other up......when ultimately all these high risk Oiler’s/discovery companies could go either way which maybe is my sad high risk drawer to them.....
Angus is an interesting one, I’ve no faith in board but saltfleetby might just pay off and at over £3k a point I hope so....generally most AIM stocks have large spikes every few years, hope this stays true to form late this year or early next
I’m don’t quite understand why so many get wound up by Captain Stanley, in some respects he’s a good devils advocate .
There is indeed a risk that Mongolia might do the dirty on us .fact. However in doing so they would be severely upsetting Petrovis, one of there own companies that’s owns nearly 30% of Matd. So that reduced risk substantially of govt stitching us up.
With regards to financing, the recent oil crisis has not put us in a great position for negotiation, let’s hope oil continually improves price wise and that we don’t do the majority of it by share dilution. But once again this is a risk that we need to bear in mind.
Ultimately I have faith in Mike Buck, for one he has a reasonable holding in company himself, two unlike many oil heads he doesn’t come across as a salesman or disingenuous.
As said before I have a huge holding from shares, spread bets and pension in this, but ultimately accept, this is high risk......also think licence delay may have helped us through worst of oil slump and done us a favour.
I’m don’t quite understand why so many get wound up by Captain Stanley, in some respects he’s a good devils advocate .
There is indeed a risk that Mongolia might do the dirty on us .fact. However in doing so they would be severely upsetting Petrovis, one of there own companies that’s owns nearly 30% of Matd. So that reduced risk substantially of govt stitching us up.
With regards to financing, the recent oil crisis has not put us in a great position for negotiation, let’s hope oil continually improves price wise and that we don’t do the majority of it by share dilution. But once again this is a risk that we need to bear in mind.
Ultimately I have faith in Mike Buck, for one he has a reasonable holding in company himself, two unlike many oil heads he doesn’t come across as a salesman or disingenuous.
As said before I have a huge holding from shares, spread bets and pension in this, but ultimately accept, this is high risk......also think licence delay may have helped us through worst of oil slump and done us a favour.
Seen it all in oil and gas, so it’s a possibility, are we not in middle of Q2 now and not a licence in sight. What happened to end of Q1 at latest.
Hugely invested here, on spread bets, shares and pension, so happy for all scenarios to be discuss be it good, bad or ugly. So many of these boards are just feel good Boards where everyone tells everyone it’s all gonna be great no matter what the possible outcomes are...
If you want to live in happy like use filter butter as Peter tree has.....but Mongolia is corrupt, so a possibility, just one I hope won’t come true....our biggest current enemy realistically though is poor oil price which won’t help our fundraising position or farm in partner negotiations....
Lots of if, buts and maybes CS, but current market cap of £25m means we’re valued at just a dollar a barrel on every expected barrel out of there and 25m is off a low recovery rate.
I think Mike bought in big time at around 10p, so doubt he wants dilution, so hopefully Mongolian bank or farm in.....
As I said at start, so many possibilities, but I do think we’re currently under valued. But some good points raised and welcome , whether your in or out
Me too, a grand after Brandon capitol boss bought a load the other week, figured he must know something.....
Nearly sold Monday for around £20 profit ....lol.....
I still reckon we might see a dead cat bounce sooner or later or maybe O’Reillys in his way back from China with cash in boot of his car.....
Good luck to all, despite assurances in RNS , if I was a Chinese investor I wouldn’t want to invest on back of that.
Be gutted if money comes now, but just tipped balance over edge for me to sell......but sincere good luck to all with bigger b%%lls than me.....
Six days left.....payment near four months ‘on way’
And now six days left.....I’d say we were being lead a merry dance, but when CEO believes it with all info to hand, hat hope have we got......hope it does, but realism starting to kick back in....PVr board seem to have lost any faith
Sadly a trait in industry, sadly we are the mugs who let them get away with it. RRl/RMP historically, Lansdowne, Providence awaiting funds for months, Bloc lying to shareholders of late/holding back production information, to name but a few...… So I see no reason Angus wont have some sort of mini revival , just not sure to what level.....as we all keep putting ourselves through it time and time again.….
3-4p I reckon on funds landing, hopefully higher end.
Although if drill delayed until mid 2020 I see a fall back to 2p levels as is typical of AIM before a rise in months up to drill.
Don’t totally believe North Sea operators interest, a Boris style Bluff I feel to hopefully worry Apec
I suspect giving them to 30th is merely for legal reasons.
The money isn’t coming, if you sold your car over phone and three months later he told you he still
Wanted car and was still going to pay would you believe him?.....no.
Not all over yet.....but I dare say PVR and Lans sick of paying for an RNS every week....so hopefully at least come 1st Oct we may finally see a plan and get some more detail.....almost certainly without Apec