Member Info for SirBob

There’s my 295000 buy showing to add to the collection

Someone posted once cost of issuing an RNS, it’s actually
Quite a few grand (ten) I seem to recall that the LSE charges to issue one. I was gobsmacked when found out....

Good post.
As for insults on here, between posters, different opinions
Is kinda purpose of discussion boards, even if you don’t like what they
Are saying. Makes me sick when people chastise others for daring
To raise a more negative possible outcome.
Ultimately this is AIM, so we are all invested at high risk and there’s good bad and ugly possible outcomes, but I feel safer with Mike Buck than the likes of Peter Lansdown (RRL formerly) or Bandy (RMP) who were glorified marketeers....to name just a few

Seem to remember MB buying quarter of a million pounds of shares himself not to mention options, so doubt he wants a large placing, one of few AOL leaders to put his money where his mouth is.....

Just to clarify, my point is that having followed/been in numerous oil shares, everyone gets hung up on a rise when this licence or that licence is approved, and indeed sometimes the issue of one gives a short term move northwards.....but ultimately it’s the funding deal negotiated that has a long term impact on share price......hence I think on licence issue we’ll see a move up, before eyes turn to how we are going to finance all this moving forward.....how good that deal is probably depends on how many interested parties we have.....but as said before MB did say in one of interviews he hoped a placing would be minimal
If it occurred .......be interesting to see how quickly funding info follows licence info...........

There will be a placing yes, CS, MB said it early on, but he also said he hoped it would be a minimal one with the bulk of funding coming from farm in or loan, now we’ve actually found something.
Personally I think we’ll see a share price boost on licence issue and then fall back, unless funding options come out simultaneously, as ultimately I feel its not the licence that will determine the share price future, but how positive to Matd the funding is.....

This shares right on its resistance, so a break would be good.
Surprised not more of a rise on latest news

Totally gobsmacked it dropped.....good RNS, certainly not bad, but after last time, maybe people want to see the money ......

Often has various spikes this share, interesting thing this time is that it’s finally coincided with a PVR run , so no news, but hopefully something in joint rise.

I’m heavily invested here and have seen over the months
And years.....so many ‘ when this happens ‘boom’’ and I dare say it will rise in announcement of licence , but possibly only briefly as when we struck commercial looking oil. I believe as soon as licence arrives attention will turn to funding and that will be the golden ticket or not to a share price rise. There will
Undoubtedly be a fund raise, which sometimes are seen as positive by market, but Mike has stated he hopes only a limited one with hopefully the bulk coming from another source.....the cost of the funds raised I believe Will dictate how high we go......so let’s hope mikes a good negotiator.
GL all

Getting a bit boring, board being obsessed with CS.
Can we just ignore him please if he winds you up.
Wind up merchants keep coming back if you give Them attention......or try to argue with them....so just filter or ignore if you don’t like what he says.

Mike B has stated they need between £10-15m I believe .
However he also said he hoped not to raise this through large dilution, sure he mentioned in one of his presentations maybe a small dilution possible . But felt that with now tangible assert could now go to banks if required, hence negating the need to raise through pure dilution.
As for share price, this is AIM as we saw a few years back when it hit 30p plus, all depends on deal/dilution etc.
I’ve set my target at 12p.....but will judge momentum when rally starts . Very heavily invested here.
Good luck all

I said exploitation a while away as it appears one more stage to go after current one, which Matd say Report is nearly finished On our part. But even if it goes in quickly, judging by speed so far, I think we still have small wait at best.

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.

Up .05 on Buy - oh well, maybe one day....still good news and nice to see a council positive towards Uk jobs for a change.

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.

Apologies lol

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.

Morning, my spreadbet dates back over thee years, and since put on IG no longer taking ‘longs’, need quite a pull back to get in profitn on that one!