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MMs are encouraging sells but not buys

They are loading up their inventory for the next run

Imo

In response to TenBagTag, Gold has reached $3135. Since he keep mentioning ORCP instead of keeping HIS responses in context with MATD, let's have a look at both companies:

In terms of Prospects:

ORCP have recently discovered a SHALLOW gold mine in Australia, with gold expanding outwards in all directions. Further drills are being conducted because of more gold shows. The best bit is ORCP is on pretty much a free carry having partnership with Riversgold on a 80/20 ownership.

Matad? Still trying to sort out their 200bopd well.

Export signature still not signed? Limited funds in the Matad bank?

In terms of Funding:

ORCP has multiple international projects backed by major players, eh: the Dubai prince and also Power China for their energy projects. This means that all of ORCPs projects are partially de-risked.

Matad? JV talks for 10 years but still no agreement? No one seems to be interested?

In terms of the CEOs:

The ORCP CEO Naheed at least have the decency to say there will be a placing to move the projects forward. She is saying things as they are.

Matad's CEO? I remember last year Mr Buck said they were full funded but 3 weeks later did a placing. The worst part was the raise wasn't necessary. Buck used the funds to have a go at drilling Gobi, the result of Gobi were no oil show.

So MB has diluted shareholders and wasted funds on another unsuccessful drill?

Looks likely nothing major is happening with Matad for the rest of this year. Meanwhile, drilling has commenced for Oracle Power and they have recently raised funds.

DYOR

If a company had spent 10 years plus focusing on their one and only goal of becoming an oil producer, but then fail to do that too, it's fair to say they are incompetent.

People should sell up their Matad shares and unbuck their lives imho

"6 months have passed and we are still waiting."

I have been proven right yet again.

Matad is held by the neck by relying on Petro China storage facility.

MB is the guy that gets held down and a*al bucked without dare to complain.

MATD have only themselves to blame. They could have done a lot with £174 million they fundraised throughout the years.

They have wasted the funds. They don't even have a refinery to store oil yet their goal is to become a producer.

They don't even have the right to sell oil without the export signature.

What a complete joke of a company.

DYOR

Imagine being in a share for 10 years plus, then some new names pops-up on the bulletin board accusing the genuine long-term holders of not owning shares...

Well that's odd, how would anyone know if another person hold any shares or not. Just because someone post to express their dissatisfaction doesn't mean they don't hold shares.

This is the stuff that goes on this board and the rampers wonder why they are getting a lot of rebuttals.

They don't know how daft they sound.

What a laaarfffff.

If and when this comes back, people need to have the nerve to hold. If it survives then expect something big to happen.

Frus to start again with the block and the years of data collected. All Frr shares gets transferred to Frus.

Fingers crossed.

You should know by now when your pal Thornogsen decides to talk about ORCP here. Foolish indeed.

See, you guys getting sucked into a conversation just like you got sucked into Matad on the 821bopd hype.

Facts check: H1 producing 200bopd as per last update

DYOR

Ever heard of the saying "it's better to fool someone than tell them they have been fooled"

That is what is happening on the Matad board when sensible people are trying to engage in sensible conversations using facts, yes facts, not speculations with thread titles like NO PLACING when MB never said with any certainty that there won't be one.

All MB has said was that he would leave that option to last resort.

DYOR

"To exit at 2p+ but it doesn't look like that will be possible anytime soon. :-(("

Why you plan to exit at 2p+ when this could get to 12p by year end, according to a few on here?

"THE COMPANY DOES NOT GENERATE ANY REVENUE and is therefore DEPENDENT ON RAISING NEW FUNDS to FINANCE THE DEVELOPMENT of VARIOUS PROJECTS"

That sounds precisely like Matad to me. I mean, they have Borzon, the Renewable Energy project, H1&H2, and Gobi. Without the export signature, Matad isn't generating any revenue. The only fact is that oil are being stored but they are not receiving the money.

Back to ORCP, you guys need to do more research instead of posting porkies. It just highlights your ignorance.

The gold project is in a 20/80 JV. All fully funded by Riversgold.

The blue valley project is also on a 30/70 JV.

You guys are taking sheeeeeittt

DYOR

One has a market cap of £26.34m and the other £1.6m

One has a dishonest CEO and the other considered normal.

In response to Thornogson, Gold has reached $3135. Since he keep mentioning ORCP instead of keeping HIS responses in context with MATD, let's have a look at both companies:

In terms of Prospects:

ORCP have recently discovered a SHALLOW gold mine in Australia, with gold expanding outwards in all directions. Further drills are being conducted because of more gold shows. The best bit is ORCP is on pretty much a free carry having partnership with Riversgold on a 80/20 ownership.

Matad? Still trying to sort out their 200bopd well.

Export signature still not signed? Limited funds in the Matad bank?

In terms of Funding:

ORCP has multiple international projects backed by major players, eh: the Dubai prince and also Power China for their energy projects. This means that all of ORCPs projects are partially de-risked.

Matad? JV talks for 10 years but still no agreement? No one seems to be interested?

In terms of the CEOs:

The ORCP CEO Naheed at least have the decency to say there will be a placing to move the projects forward. She is saying things as they are.

Matad's CEO? I remember last year Mr Buck said they were full funded but 3 weeks later did a placing. The worst part was the raise wasn't necessary. Buck used the funds to have a go at drilling Gobi, the result of Gobi were no oil show.

So MB has diluted shareholders and wasted funds on another unsuccessful drill?

Looks likely nothing major is happening with Matad for the rest of this year. Meanwhile, drilling has commenced for Oracle Power and they have recently raised funds.

DYOR

Oh yeah, and Thornogson keeps trying to delete my response when he is the one mentioning ORCP on this board. Hypocrite.

Thornogson says "Brent at $75" to imply the oil price is good for Matad, but he also dishes Orcp.

Based on his theory the higher price the resource, the more favourable for the company.

Well, what about gold at $3135, that should be good for Orcp as they are on a JV with Riversgold to drill an additional 11 holes after initial results showed gold expanding outwards in all directions

What a Hypocrite, clown!!!

DYOR

Brent Crude heading North but little to do with Matad if they can't sell their oil. It looking like another missed opportunity for the company to better position themselves in the oil rising trend.

Oh well, this is Matad after all. You can't expect too much from them

Imho and DYOR

Perhaps the years of data they hold are not considered an asset but is key to rise up again.

Here's hoping

"It's also been 6 years since drilling H1 and finding a bit of oil. 6 years and not a single dollar earned."

Indeed, and that is why the company is being heavily criticised.

The BODs are either completely incompetent, or they just care about their own pay cheques.

Take your pick because they are yet to redeem themselves by delivering some concrete results.

DYOR

Matad is a complete joke.

They have been kicking the can down the road for 10 years plus

The company operates on a hype, fund raise, rinse and repeat.

£174 million spent over the years. Not a penny of revenue.

This needs thorough investigation into the account book, and the discrepancies Matad reports to the market but actual progress is always off the mark in reality.

I'm suspicious they're all work by design.

If only Matad can prove me wrong by RNSing export signature signed, oil sold, and money received into the Matad bank.

DYOR

You gotta larfffff at the rampers desperate attempts to mislead.

🤡🤡🤡