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Anyone who’s been around aim long enough knows that aim stocks won’t be generating revenue for years. It’ll be raise after raise unfortunately.

This could be another 'smoke and mirrors' situation until proven.

All you need to ask yourself one question, has money received in the Matad bank yet?

DYOR

"I know for a fact ADW and Wigster are the same person"

I know for a fact Wiseowlspeak has 2 IDs. Every time Wiseowlspeak posts he then immediately gets a tick up, even during unsociable hours late at night. The only explanation is he ticks himself using a second account.

Final flow rates should be no less than 821bopd

Anything under 821bopd would just prove that:

*Matad is incompetent for not able to remedy the H1 well

*Highlights Buck trying to mislead the market by initially putting out the highest figure and not the stabilised figure

*MATD & Buck cannot be trusted because the news announced always not accurate. It shows that their evaluation sucks

So until that final figure is released for H1, nothing has really changed.

DYOR

Mike Buck still has a lot to prove

*Still no final flow rates from Heron1

*Still no JV deal

*Has money received in the bank yet? Nope

The e-signature had always been a step in the road map to monetisation. I don't know why people are praising him for doing his job. It's like awarding the litter man for picking up rubbish.

All depends on Heron flow rates yet to be announced.

DYOR

Why should anyone trust Mike Buck given his past statements:

When Mike Buck says 60% COS, all wild cat drills failed.

When Mike Buck said good support from the Mongolian Government, the land permit has taken 5 years to obtain.

When Mike Buck says Heron has millions barrels of oil potential, he goes and drill Gobi and bids Borzon instead.

When Mike Buck says fully funded, he goes raise funds via a placing.

When Mike Buck says ongoing high interests from multiple parties, none of them have made any formal deals.

When Mike Buck says initial flow rate is 821bopd, the well was then choked back to 200bopd.

When Mike Buck says Heron 1 is an easy fix, perhaps there's actually no fix?

DYOR

"Hence shares starting to pull back"

Absolutely agree.

Let's play a game. Fill in the rest of the last sentence.

When Mike Buck says 60% COS, all wild cat drills failed.

When Mike Buck said good support from the Mongolian Government, the land permit has taken 5 years to obtain.

When Mike Buck says Heron has millions barrels of oil potential, he goes and drill Gobi and bids Borzon instead.

When Mike Buck says fully funded, he goes raise funds via a placing.

When Mike Buck says ongoing high interests from multiple parties, none of them have made any formal deals.

When Mike Buck says initial flow rate is 821bopd, the well was then choked back to 200bopd.

When Mike Buck says Heron 1 is an easy fix, (fill in the gap)

When Mike Buck says Heron 1 is an easy fix, there's actually no fix?

Anything under 821bopd would just prove that:

*Matad is incompetent for not able to remedy the H1 well

*Suspicions of Buck trying to mislead the market by putting out the best figure and not the stabilised figure

*MATD & Buck cannot be trusted because the news announced always not accurate. Investors base their investment decisions on informed news from the company. This is backed up by:

A) Past wildcat COS at 60% but none came in.

B) Heron estimated to have millions barrels of oil potential, but this doesn't feel like it with MB already having Borzon on his mind as well as Gobi previously.

C) Exclusivity and support from Mongolian Government but long bureaucratic processes state otherwise.

D) Huge interests from parties and ongoing JV talks for 10 years but no deal has ever finalised.

E) Last year, MB said fully funded and suggested no raise required, then shortly proceeded with a raise.

Genuine long-term holders know, and they don't know what to believe in anymore when statements from the company contradicts with reality.

The rampers better hope the final flow rate would exceed or at least get back up to 821bopd.

DYOR

Anything under 821bopd would just prove that:

*Matad is incompetent for not able to remedy the H1 well

*Suspicions of Buck trying to mislead the market by putting out the best figure and not the stabilised figure

*MATD & Buck cannot be trusted because the news announced always not accurate. Investors base their investment decisions on informed news from the company. This is backed up by:

A) Past wildcat COS at 60% but none came in.

B) Heron estimated to have millions barrels of oil potential, but this doesn't feel like it with MB already having Borzon on his mind as well as Gobi previously.

C) Exclusivity and support from Mongolian Government but long bureaucratic processes state otherwise.

D) Huge interests from parties and ongoing JV talks for 10 years but no deal has ever finalised.

Genuine long-term holders know and they don't know what to believe in anymore when statements from the company contradicts with reality.

The rampers better hope the final flow rate would exceed or at least get back up to 821bopd.

DYOR

700+ trades and a piece of significant news for the e-signature but the SP is still under 2pence.

It seems the market has woken up and grew wary of Mr Buck, rightly so because of his past actions.

Nothing would set-off the share price unless flow rates gets back up to 821bopd AT THE VERY LEAST.

Any figure under that the market won't accept.

All in my opinion

Still no updated flow rates from Heron1.

And still no JV deal.

"Heron 1 sand screens have been sitting under a tarp in Mr Buck's Ulanbatour apartment's back yard all Winter."

What nonsense and a silly comment. Shouldn't equipments be on site where the well is located? Are you accusing Mr Buck of taking company processions home?

Which is bigger, the interests or the ramps?

Judging by the number of posts here, I think the answer is clear.

Fully funded is a lie.

The company has £14.9 million of financial commitments on Borzon alone over the next 8 years. Yes they can withdraw but what's the point of bidding for the block in the first place if that's the case.

The costs to fix H1 and H2 are unknown. The rampers will say that it's cheap, but what is the definition of cheap when Matad has only £2milllion or thereabouts in the bank.

The monthly monthly expenditure is £300K or thereabouts.

Heron1 updated flow rates are still not known.

Fully funded is a lie.

If the full sentence was "Fully funded for Heron1 fix, then that could be true"

Definitely not fully funded as in covering the company running costs, the remedy for H1 and H2, and possibly Gobi, and Borzon.

DYOR

Pretty evident the interest is fading for this stock but keep ramping as we need that 50p

Are we 50p yet?

Nope....

The get ramping, go go go

Don't mind him ClimbingWooster.

Wos is a sad case. He couldn't tell the difference between his A hole and his Ear hole.

Keep ramping you slackers

The SP has barely moved

You're not doing your job properly

£15,600 are you implying that's a big buy?

Well, many of the long term holders, including myself, have put at least 3X that in here.

10 years and the share price keeps declining....

Credit is when credit is due, but for now MB will be remembered as an incompetent, unorganized, dishonest CEO who have caused many loyal shareholders to lose money.

The e-signature is not even close for a redemption. Wake me up when this gets to around 10p. I doubt the SP can get any where to those heights again

The rampers are now pushing the buyout narrative...

Except there won't be a buyout, not when Heron is producing a measly 200bopd imho