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I’ve always suspected MG delaying production until refinery ready…..am a bit more hopeful on mining minister comments, but to date not much Mike Buck has said has come off since oil discovery…..bar a very dodgy placing!
Good luck all
I have to agree with Doc on this, I’ve nearly three million of these shares, but
To date I struggle to think of anything Petro matad have come through on since the oil discovery……bar an over generous placing to directors and major shareholders…….I try to remain optimistic this will be the year, but like most Aim it’s a gamble…….one thing is for sure I’ve seen so many 50p parties talked of over the years Range Resources and Red emperor spring to mind……although in fairness they never hit the black stuff and we have - same hype machine though.
Good luck all
Who knows, this is AIM stock and as we saw with last placing, corrupt as heck. These Things occur on AIM. We get land permit and could be good, but doubt I’ll be around at 30p as I hold 2.75m most at 3.1p, just over 90k worth.
Let’s hope this Land permit comes through asap, then steady rise until spring
How pathetic to discuss a placing at this point .
On obtaining land access we will be a producer earning daily income via the equipment we have already bought……..and we still have 6m in the bank.
My bigger concern is land access coming off, as so many let downs before…..but if we do, a rosy year it should be and my huge 91k gamble may actually come off.
Average of 3.3p…..so let’s hope all Mike says comes true for a change and no global factors have us over again.
Well that was hugely disappointing
Well Mongolians have stretched it out three years……watch all local issues disappear when the refinery is due to open…..
I’ve said it all along…..hopefully my patience will one day be rewarded and I can finally sell my extended hold of 3m shares…..frustrating to say the least
Seen it all before……if any decent/genuine news would pence higher not 0.3 of one…….expect a retrace soon enough…..I fully expect Mongolians to try and drag this out as near to Refinery completion as possible.
Two years for licence, now convenient new delays
Funny Hamm says that about refinery as I said that few years back and was slammed down for it…..by Manro funnily enough……but after two years to issue a licence and now non events this year I’m fully prepared for another year of no action….given I’ve 2.7 mill of shares I probably won’t add if goes lower, but I think 2p certainly a possibility …….but it will come good at some point in future for many multiples…..so patience is name of game as it will still pay many multiples of money in bank…….and who knows we may yet be surprised …..here’s hoping!
I hold just shy of 3m of these. Don’t post much anymore as constant rampers v alleged de rampers posts.
Many years ago our dear friend Manro chastised me for suggesting the Mongolians we’re trying to delay this for as long as possible until there refinery
Was ready and I sincerely hope this isn’t the case, but progress this year is disappointing, you’d of thought with two years on nothing it would be all lined up ready to go.
I was a fan of Mike Buck before the dodgy placing and the inactivity this year …..but the only honourable thing he has done in last few years is take a pay cut during period of inactivity.
All in all I do think this will come good, my average is around 3.5p, currently have £120k worth…..but fully ready that this could take anything from 2 months to 2 years to get back to 30p area.
I too rated Mike Buck, right until the 33% dilution…..then realised just another AIm salary funder……however they clearly thought they'd make a wad of cash buying at 3.5, so all about exit point and not being too greedy now I’ve a 3.1 average. Should be pretty much boom or bust within four months (bust being further delays)……
Hardly deramping! I’ve nearly three million of these and I’m more than aware
That all the points Hamm makes are true ……hopefully we will overcome them.
Discussion board is for good and bad points to discuss, and Matd indeed has both……..don’t expect much from annual general meeting tomorrow, there always hyped up on these boards but in reality they just pass a load of measures and no news comes out of them…..
Patience is the key (and Matd holders been tested on that more than most)…..hopefully this will be our year…....
May be able to on CFD markets on IG, but not index , even did a test buy/order following your comment last night. As I say I had an email giving me a deadline to close my positions. So definitely not as a spreadbet.
Not a bad average you have there, after two divorces I did a ‘do or die!’ With my little pension pot remaining hence my large holding and average……I will probably offload if we hit 15-20p…….all this talk of 30-50p I’ve seen so many times over the years with maybe only 1 or 2 pulling it off, the majority spiking up and quickly back down. Plus I only need 12p plus for a good pension recovery.
The placing for institutions and board last year though at 3.5p gave me confidence in my 2.8p buys, as they'd not have bought unless very confident (that said Mike Buck has bought at 11p ish before)….still some clear obstacles to overcome, but we’ve not long to wait to see if it all come good…..certainly not for the faint hearted.
IG stopped dealing in Matd about a year ago approx along with around 250 other small Caps (although weirdly kept Angus Energy)…..had to close my £1k a point out, Purchased 2.7m shares at an av of 3.1p now….so fingers crossed this is our year.
As far as I’m aware IG still don’t trade Matd
Bad Prophet - I was in at £600 a point on IG at 12p, took a £6k loss when IG stopped trading in them and numerous small caps last year, bought 6k in real shares at 3.5p, which has to yet recoup the £6k loss……then popped £75k of pension pot in, it got decimated by divorce, so a boom or bust for my pension (have property as back up)
Good luck all.
Some of those will be mine, bought one lot at £20k trade and three lots of £10k.
£15k still to go, but may hold off for today. Been very easy to buy, I still wouldn’t rule out drop to 2p in coming months, although 2.7 has been support before.
Hold circa £90k worth once but last lot, feel reasonable happy as average will be below Mike Bucks and Petrovis recent buy in price.
And hopefully we are nearly there, MB goes up further in my expectations, managing not to dilute and with pay cuts board has taken the loan will last to near end of next year, which for an AIM is superb and respectful to share holders.
Not quite sure how market will take it, but looks like in final two months......hopefully positions will be taken....
Good luck all.