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No one will buy Matad.

160bobp and still declining.

Any potential buyer will have to throw hard cash to further develop wells, then there are the tax issues with the Mongolian Government.

That's not all, any potential buyer will have to renegotiate the facilities agreement with Petro China.

People really need to do a bit more research before commenting.

Imho and DYOR

I think that Oracle Power has more chance of success than Matad.

Oracle Power has secured a JV with Riversgold and they are on a free carry until December this year. The Northern Zone Gold continue to show positive results and they plan to drill 200 additional holes.

Oracle Power also have a number of projects in Pakistan. I think people are underestimating the Chinese Pakistan relationship. China under the CPEC alliance, have obligation to invest and transform the Pakistan infrastructure.

This could be one hell of an opportunity with their market cap at 1.75million.

The Northern Zone Gold project alone could be valued at an 20-100million market cap.

Imho and DYOR

It's easy to say it's cheap, but what kind of news are people hoping for exactly?

Unless you genuinely believe a JV is about to happen or that Gobi will strike oil, there is no news that would lift the share price.

Matad is about to enter winter period. There will be minimal activity. Borzon and Sunsteppe will require further funding in the future.

So I really don't know why people are saying this is cheap.

Imho and DYOR

What kind of news are people expecting buying in at this level?

This will go below 0.80 for sure.

By 2026 it'll be nearer to 0.40 on poor results from H2/Gobi and by that time they'd be looking to raise again for Borzon and Sunsteppe.

Imho and DYOR

Winter shut down approaching.

This will be nearer to 0.4p in 2026

Imho and DYOR

Down down down

Oracle Power RNS out

Remember MB said at the AGM that he would only raise as a last resort.

This pretty much sums up the situation they're in.

Good luck to those still believing the JV is coming.

Imho and DYOR

Back to reality, the disappointing part is that the raise will be used on less favourable gambles on H2 and Gobi

Will it be a repeat like the first round Gobi wild cat?

Can already foresee MB reporting back to the market those wells will be dusters.

MB will come ask for more funds after the winter period.

Imho and DYOR

Well done MB.

He should give himself a pat in the back for delivering 160bopd.

In fact, he should reward himself with a bonus.

Don''t say I'm always negative. See, I'm posting something positive for once.

MB has a reputation of lying.

I have posted examples of past statements many times.

Imho and DYOR

With winter shut down approaching and lack of strategy from the bod, this will drift nearer to 0.40

0.80 is still over priced with lots of uncertainty.

Only buy if you want to hold until April 2026, with chances of it being longer before any major operational news lands

Imho and DYOR

A £16.32m market cap?

Should be at the £5m mark in my opinion.

* Imagine what would happen if without that 160bopd

No matter what level the SP heads, it doesn't change the fact the bod is incompetent.

Matad asset isn't worth very much. Consider H1 lucky to be producing 160bopd.

Imagine what would happen if with that 160bopd.

The 160bopd has served as a temporary life saving bullet proof best.

Without that, the RNS today would be more lethal

Still, its still pretty rough.

Imho and DYOR

I have a feeling that Oracle Power will go on a run soon.

Oracle Power has secured a JV with Riversgold and they are on a free carry until December this year. The Northern Zone Gold continue to show positive results.

Oracle Power also have a number of projects in Pakistan. I think people are underestimating the Chinese Pakistan relationship. China under the CPEC alliance, have obligation to invest and transform the Pakistan infrastructure.

This could be one hell of an opportunity with their market cap at 1.75million.

The Northern Zone Gold project alone could be valued at an 20-100million market cap.

Imho and DYOR

I have a feeling that Oracle Power will go on a run soon.

Oracle Power has secured a JV with Riversgold and they are on a free carry until December this year. The Northern Zone Gold continue to show positive results.

Oracle Power also have a number of projects in Pakistan. I think people are underestimating the Chinese Pakistan relationship. China under the CPEC alliance, have obligation to invest and transform the Pakistan infrastructure.

This could be one hell of an opportunity with their market cap at 1.75million.

The Northern Zone Gold project alone could be valued at an 20-100million market cap.

Imho and DYOR

It's pretty apparent now.

The paid stock promoters have no skin in the game.

It's an organised s_am.

I would even go as far as to say Matad are the ones that hired them, offering ramps rather than results.

Imho and DYOR

Who would have thought Matad sp would go to sub 1p.

Answer in short: me!

I have been saying for months and foresaw each scenario unfold.