Negotiations take time. All will be revealed before the AGM. “Are we there yet?” Teenagers should relax on the sidelines. Hamm seems mega stressed and agitated again. Calm down.
Remember those days when the stock bashers disappear
You’ll see when of other days when the farm out is announced
They only post sells. Only post fud. Only goad. And threaten. I have an ongoing case with the FCA. I continue to report false and misleading information. They seem quite interested in what I have to say 🤷🏻♂️
Someone mentioned yesterday that MATD are in a much stronger position than last year. Revenue has doubled. Oil has doubled. Farm out negotiations are advanced. We have no debt. Net cash. Have received over $1 million lump sum form PC. Have added a new well since then. Probably making £20k per week revenue.
Don’t suffer from recency bias, it’s an investors biggest trap imo.
Imo higher oil prices are here to stay for many reasons. This benefits MATD hugely as we have essentially doubled our revenue and the value of our licences have doubled.
At this market capitalisation circa £24 million, nothing is priced in. There will be a scramble for shares once the farm out is announced.