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"The fundamentals here haven't changed. Just standard SP action."

That's exactly the problem isn't it.

What happened to the original plan of generating sufficient revenue from re-entering old commercial wells?

Still no JV / farm out?

Surely you can't say it's in the advance stages of it's taken so long.

Lying Buck

What are you talking about?

The SP has dropped from 0.09s to now 0.05s?

What seller regret?

Did you mean buyer regret for yourself and the others who got sucked in?

Shares are changing hands.

I wonder why, if the share was that good and about to multi-bag, then you'd expect people to hold right?

Why sell?

"Are day traders really going to try and get in and out of something with a 15% spread and hardly any liquidity?"

There are people in here that genuinely believe there are multi-bags to be made on this stock, and that it will come very soon.

Except these people don't look at the company fundamentals.

That's right MoneyRaiser.

Nothing will ever happen due to the political challenges in Georgia

Will there finally be a JV / farm out after years of false promises from the CEO?

I won't bet on it. SP next stop 0.5p

Could the SP drift further down today with doubts over gold price

I can tell you for certain that no raise for Oracle is not a fact.

If the title was named "No raise required for Northern Zone" then yes it is a fact.

There is a difference there and the rampers are trying to distort factual information released by the company.

Some people have mentioned that Oracle has funds to last them up to August 2026 before they become penniless.

I disagree with that assessment. It's highly unlikely Oracle will start generating any form of revenue before August 2026, the NZ income is a potential at this stage, and even if there is commercial gold, any potential revenue will be in the distant future.

Oracle will not wait until all the funds to run out before another raise. She won't find the funds under the sofa would she?

China’s investment in Pakistan, mainly known as the China-Pakistan Economic Corridor (CPEC) under the Belt and Road Initiative has slowed and worsened in recent years for a combination of economic, political, security, and strategic reasons.

Chinese companies and workers have faced increasing militant attacks and threats in Pakistan, especially in Balochistan and other restive regions. Several high-profile attacks on Chinese engineers and projects have raised the costs and risks of operations, making Beijing more cautious about new commitments.

Ongoing political turmoil and governance challenges, including frequent changes in government and policy unpredictability, have undermined investor confidence. This instability makes long-term planning difficult for Chinese firms.

Many CPEC projects have been delayed or stalled, with only a portion of the originally planned initiatives completed. This slowdown diminishes momentum and makes Chinese investors hesitant to commit to new phases without clearer returns.

As seen evidently, the above points are all relevant to projects like the THAR coal mine and the Green Hydrogen. They have been delayed numerous times already.

In summary, China’s investment trajectory in Pakistan has faltered primarily because of rising security risks, political and economic instability in Pakistan.

Oracle will still have to financially commit to their parts of the deal even without Chinese support. The only difference now is that the Pakistan energy projects will take longer than anticipated without Chinese technical & financial support, Oracle will still need to fund there share of the pie.

"This drilling will be used by MEGA Resources in their mine planning for our joint plans to start mining in the first half of 2026"

First half means any time up to June 2026 if there are no delays. To start mining definitely doesn't mean to complete mining.

This definitely translates to results likely to be in the second half of 2026.

Refer back to the point about Oracle funds lasting until August 2026.

Would you think the BOD would wait until drilling results to raise?

Some people have mentioned that Oracle has funds to last them up to August 2026 before they become penniless.

I disagree with that assessment. It's highly unlikely Oracle will start generating any form of revenue before August 2026, the NZ income is a potential at this stage, and even if there is commercial gold, any potential revenue will be in the distant future.

Oracle will not wait until all the funds to run out before another raise.

AS STATED BY THE CEO!!!!

🤡🤡 CEO Statements Vs Results! 🤡 🤡

Based on MBs past statements and hardly any of them have been delivered, I can't see why anyone genuine would trust him anymore....

*When MB said 60-70% COS, all wild cat were dusters

*When MB said ongoing JV interests from multiple parties, no deal in the past 10 years

*When MB said exclusivity and support from the Mongolian Government, extensive bureaucratic processes hold ups

*When MB said fully funded, he then raises funds a few weeks later

* When MB said the company needed funds to help the company stay afloat after the COVID period, he got the funds and went and blew it on Gobi wildcat.

*When MB said Gobi evaluated to be a good prospect, it turned out to have no sign of oil

*When MB said H1 flowed at 821bopd, he then choked back the well for a maintained flow rate of 200bopd, but then the final flow rate turned out to be 160bopd

*When MB said Heron has millions barrels of oil potential, he then goes bid for the Borzon Block and thinking of moving onto that block instead

* When MB said H1 is a quick easy fix with a cheap sand screen, he then says in the next RNS alternative methods may be required

* When MB said payment is expected in May, he then tell the market of the tax issue like he wasn't expecting it.

* When MB spoke of plans to boost H1 production, he then drops the plan like he never mentioned anything

Would you wanna trust such man on your investment decisions?

These are facts. These statements come out of the CEOs own words

It's been said time and time again.

Let's keep it real. MB has proven he cannot be trusted.

The market has lost confidence in Matad and rightly so.

It's time for Buck to deliver to expectations, no more hypes and talks, we want actions and results!

No good saying things will SOON happen, instead, how about just DELIVERING them.

What's holding them back?

10 years not enough time for them to sort themselves out?

£190 million isn't enough to get one well onto production on a satisfactory level?

H1 went from 821bopd to being choked back to 200bopd. Turns out it was 160bopd and latest report was 150bopd. MB once again wasn't transparent with shareholders.

What happened to the H1 & H2 well modification and production ramp up?

This company operates on new hopes and raises, but nothing ever materializes like the JV and farm in talks that has been ongoing for 10 years. The plan (or should I say hype) to become a sufficiently self-funded company seems like it can only exist in fantasy.

Cash won't last in the Matad bank, they will require heavy funding and Borzon alone will require a whopping £14.9miion over 8 years.

The long term holders have all lost money here. Gone are the days people invest based on empty promises and trust, time to show some results.

If MB is that incompetent, then perhaps he should find a job at the local corner shop selling chewing gums instead.

All in my opinion and DYOR

Many people have been sucked into the hype without knowing what the company is about, and now, they are feeling agitated, and not accepting responsibility for their own investment decisions.

People dismissed a lot of information because it WASN'T what they wanted to hear, and now, they themselves need to hold accountable for their investment.

Here's a recap of the company:

The split:

Strictly speaking, it's 80/20 split between Riversgold and Oracle.

Then it's another 50/50 split from the 20% between Oracle and Mega.

So Oracle will only receive 10% of whatever potential find.

Oracle projects & running costs:

Oracle stated that the initial phase of the Thar Block VI coal and power development carried a gross project cost of about US$1.6 billion.

For the Green Hydrogen project, total cost is projected at about US$2 billion.

There's also the Blue Rock Valley project and other company expenses to pay.

Potential revenue Vs expenses:

The Northern Zone has a best case scenario of £600 million POTENTIAL.

Oracle's expenses is absolute, and as announced the Thar project alone will require $1.6billion.

The Northern Zone 10% simply isn't going to cut it for Oracle in the long run. Their expenses greatly exceeds any potential income.

The fundamentals:

15billion shares issued speaks for itself. Last checked Oracle only has about £500K and this was in June 2025.

Administrative expenses for 6 months is approx £280K.

We are approaching February 2026, it means that Oracle has only approx £200K left in the bank.

Any potential revenue from Northern Zone won't happen immediately whereas the urgency for Oracle to raise will.

It's clear as day what will happen next.

Takeachance1,

You took a chance and lost, the SP was spiked from 0.03s to 0.09s and drifted back to 0.04s as seen this week.

It's risen to 0.05s levels but how long do you think before the inpatient begins to sell. I don't think there'll be news anytime soon on the NZ front.

What do you think will happen to the SP?

What a week it has been.

A lot of ups and downs but with down being the direction the SP is heading.

One thing for certain, the people who had bought in during 0.09s are now a chunk down.

The SP is looking like it's running out of fuel

Yes the Mongolian winter is almost over, and you guys were shouting on the rooftops, that there'll be a load of winter activities.

I have proven you lot wrong again and again.

Still no JV or farm out, don't think there'll ever be