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Timkempster

Well done. Someone has found evidence of the declining flow rate during that period.

The question is whether since then the flow rate had been maintained, or further declined, or improved.

Place your bets people!!!

"The real question is—who would want to be out right now'

MEEE!!!!

But I am sitting on a huge loss. Been here since Bergen days and am getting used to MBs lies, and twist and turns.

If I was in profit I would sell without a second thought.

For those that are in profit, I would take it if I was you.

Many long-term holders are deep underwater.

Today's news did not change the fact that a massive placing is on the cards.

Borzon alone requires £14.9million over the next 8 years.

Why would the CEO bid for the new block instead of expanding on an already producing field Heron?

I suspect MB isn't telling the full story.

All in my opinion and DYOR

Timkempster,

At least someone has given it a thought.

The rise is nice and all, but why isn't the company being transparent with H1 and H2 flowrates?

Why are they not reporting on the progress for the fixes and the barrel of oil produced to date?

At least give a figure of the revenue expected in May.

As always, something doesn't feel right, in my honest opinion.

£14.9million commitment for the Borzon Block

DYOR

So if Heron1 flow rates dropped does it make any difference to having an e-signature

This is the sort of game MB loves to play

All in my opinion

Don't you worry. MB always tells half of the story.

Wait for the other half to bring the SP back down

They would require £14.9 million financial commitment for Borzon

Heron1 still not fixed.

A placing could come.

I would be very cautious of what MB says

It's no good trying to start a new thread.

The company is on the verge of a fund raise but the bigger problem remains which are dragging the share price.

The bureaucratic processes continue to cost the company and their shareholders. Without the e-signature then all work to-date would have been for naught as Matad won't able to monetise.

There is the other issue with H1 and H2, both are not producing to expectations and the uncertainties is there.

For Matad's share price to rise, they must get through both of these hurdles.

However, the company is running short on cash and they have recently committed to yet another prospect, Borzon, with a binding agreement to finance another £14.9 million of work over the next 8 years.

The risks are definitely there. If Heron doesn't monetize this would be a jeopardy for the company.

This is a very likely scenario which shouldn't be overlooked.

Of course the rampers don't want to discuss the risks because they are pushing the 20p-50p narrative.

DYOR

Oh boy...some people really shouldn't be investing if they cannot understand the risks here.

Is that the world we live in now...

Locking up victims of a share that speaks truth about the company...

While the scammers and rampers roam freely...

Thank god you're not governing the country

At £25 million market cap this is way over valued. Should be at £5 million market cap at best in my opinion

The only nonsense here is suggested a share price of 50p in 2025.

You'll be better off investing in Oracle Power with their huge Northern Zone potential. Gold mines can value anywhere between £20 million to £100 million market cap depending on the size of mine, grade of gold, how easy to mine and type of JV deals.

To put into perspective:

A £10 million market cap would be 0.1p

A £50 million market cap would be 0.5p

A £100 million market cap would be 1p

GGP's market cap is £1.71b as of today.

I would de-risked Matad for their untrustworthiness and continued project failures over the years. All in my opinion and this is not investment advice.

Best DYOR

I will predict the rampers will then say:

Now that the raise is over it's onwards and upwards. Matad have the cash now blah blah...

They are just clowns who goes around bullying people to fit their own agendas.

Wiseowlspeak, stop lying.

The company is on the verge of a fund raise but the bigger problem remains which are dragging the share price.

The bureaucratic processes continue to cost the company and their shareholders. Without the e-signature then all work to-date would have been for naught as Matad won't able to monetise.

There is the other issue with H1 and H2, both are not producing to expectations and the uncertainties is there.

For Matad's share price to rise, they must get through both of these hurdles.

However, the company is running short on cash and they have recently committed to yet another prospect, Borzon, with a binding agreement to finance another £14.9 million of work over the next 8 years.

The risks are definitely there. If Heron doesn't monetize this would be a jeopardy for the company.

This is a very likely scenario which shouldn't be overlooked.

Of course the rampers don't want to discuss the risks because they are pushing the 20p-50p narrative.

DYOR

If the rampers are that confident in Matad, then I would suggest Mike Buck to raise the £15million well in advance.

I see this as a huge positive if managed that way. It means that the huge financial commitments for the next 8 years for Borzon is resolved.

Any rampers would want to fork out £15million up front if you are so confident of Matad's success?

I don't see raising in advance is a problem at all if success is imminent (according to the rampers)

DYOR

People that are lucky enough to be on the sidelines should consider carefully of the risks here.

Refer to my last post about a further 8 years of waiting in that scenario, which is quite possible.

DYOR

There are real risks here!!!

Shareholders are anxious because having invested in Matad for 10 years they are getting no where.

If Heron doesn't deliver and Matad moves onto the next venture, namely Borzon, which is looking likely as to explain why Buck has bidded for the block in the first place without first resolving Heron, then it would be a point of no return for the stock.

Who would be willing to invest another £14.9milliom over 8 years for a chance to succeed when their tract record to date is 100% failure.

10 years plus in Mongolia and £174million of funding wasted over the years.

Who would be willing to continue to fund this sheet show. Perhaps Unwiseowlspeak because he ain't got half a brain to figure it out.

8 more years of waiting for a chance for Matad to generate revenue. This will be catastrophic for the stock and will trigger a massive sell off. No one would want to wait around for 8 more years of dilution. Share price would definitely go to sub 1p.

The risks are very real here.

DYOR