Member Info for TheMagnacarta

This was a reverse takeover of Fox Marble, and is still run by the same bunch of clowns who couldnt deliver an envelope thru your letter box. be wary..

So true . The best advice is to avoid this share, for tw to consistently tip this company from 50 p to 6 p without visiting the factory or seeing any of the finished articles is quite alarming. Any tips Tw give that aren't supported by other top financial advisors are best avoided .

Potential orders.

It's very nice to see some potential orders but new investors should understand that this

company has a history of having magical orders which then just disappear! Without explanation.!

Wise owl

You words of wisdom, only work when there is openess and trust between the shareholders.

It's not a good Idea to hold shares long-term in a company that raises money constantly at unknown parameters and drills duds.

It has also been discussed at length the incompetence of the management here to achieve objectives and openness around that.

I appreciate the stubborn behaviour not to sell , but that technique hasn't to-date done well through!

My own advice is to buy further shares after the next fund raise, not before.

But please do your own research.

You can fill your boots guys , but it's going to take a positive Rns to move this up.

There's no guarantee the next Rns will be positive

Too.

For the outsiders , I would hold buying for a better position!

Hold off on the top up .!

There's no real buying pressure! I would force myself to wait.

I suspect a new trading range will develop between 1.2 and 1.6 while we wait for more updates! If the bod don't sort out the storage or transfer of oil quickly and an Rns arrives stating production stopped temporary then expect to see under 1p share value. But if the oil is moved to the Chinese pipes then expect over 2p .

I'm glad I'm not invested here, even at this lower opportunity. But good luck all lth , you certainly deserve some.

Hi buddy .

Nope I probably didn't explain well, I guess my point was that heron 1 performance is not guaranteed as the Field development from heron 2 has shown structural formalities.

The topping up situation in share portfolios is typically a great move , to take advantages of dips. And I can understand people wanting to do that now. But personally the moving variables at this moment are too risky for me.

Yep if the next Rns says Heron 1 bopd has been increased back to 500 to 800 then it deserves a nice rally.

But on the opposite side bopd might go down to ,30 bopd and then expect another fall in share price.

Large storage is available ( not storage is not a problem). Say the storage has 3 massive 10,000 barrels containers for example. Basically they're going to be full in 4 months!

I don't know how big the storage is, ? But this could be a potential drop again!

Well said. !

I wish the RNs had said positive stuff but it didn't and ignoring those facts is just in denial. This share is toast either by placements or production collapse or failure to sell oil . Either way we may still see a collapse in market cap to ten million cap , plus the future opportunity to raise now may be done at 50% discount to share price to allow flipping.

Those that have agenda want to limit free speech by methods of cyber bullying,

You shouldn't comment unless you have shares here! = Typical cyber bullying with the agenda to manipulate people positions in the stock market and opinions.

Off course it does work the other way as criminals manipulate information to alter views and share prices. You can spot these people with recent accounts and limited expressions and discussions on mixed markets.

But these boards succeed on mixed linguistic views

Let's chat about valid reasons to buy stock on Monday ?

I start .

1. Possible dead cat bounce - trading opportunity

2 ?

It would be great news from here if a sales agreement is completed timely and there would be a obvious shortern bounce.

But if you look at the recent RNs production is chocked back to a range of 200 to 300 bopd so, - it could be near 200 than 300 why not say average!

And what if pressure problems get worse or production drops to 30 bopd like heron 2.

The more I read the RNs the more it stinks , especially for a company with a market cap over £ 20 million.

Stas 20

Has a very good point!

And yet no one can say what the capacity of the tanks are, the board talks as if matd can just keep pumping and the capacity for storage is unlimited, no one even knows as yet if capacity constraint will be the next rns reason why they have to shut down the well - you cannot pump if you have no where to store it and you cannot store indefinite amounts, if you do not have capacity and you do not have authorisation to sell then you have to stop pumping

Very good point imagine a Rns stating that production is halted while storage is sorted!

Another 30% drop.

It's Certainly a rocky road ahead! And investing now has more downwards risk with minimum upside potential.

Dyor.

Thanks for the open discussion

Wouldn't it be nice to visit the place! Chat to staff and launch a drone to check out the site!

Not that I don't trust the board here? 😂

I'm not optimistic on the future of matd but that's not to say the road ahead will be straight down and the contrary, the oil in the storage tanks should with clever accounting cover alot of administration costs,

The field results recently has shown a few red flags,these have been already discussed at length, future ramps will be subjective in nature and be quickly be followed by a placement.

The future placement will no doubt develop the field and cover any small administrative expenses.

( With a big thank you for your support!)

Sorry for lth , it's was a flip of the coin and this time it's tails.

This company after the recent fall may look cheap, it's certainly cheaper! Mind you it started above 40p now 6p until we see some financial profits it's still a empty factory.

I heard rumours that people can't find it on Google maps ! Not looked myself .

Gusto. Is right.

Listening to these rampers is costing alot of money,

The oil coming from the field is being shipped for storage, what a joke.

What's left is pennies!

The market cap is still too high for a failing business adventure, yes it is failing 300 barrels a day in the middle of nowhere.!

I'm not saying there isn't a future, but the next placement to fund 4 drills is going to be painful to existing shareholders!.

Yesterday news needs to be received and not discounted!

Administration next year, blimey I wasn't thinking that bad.

A future placement is a must, but yes now with a reduced oil rate, the next placement will be murder.

It's murder on the dance floor.

But you better not ramp the stock

Mb,gonna but this goddam house right down.

Oh I know , I know ,I know

It's a great shame that people that topped up this morning ignored the risks people were stating!

Now they're 20% down and counting.

It is wise to see and listen to all views and weigh the risks, Personally I don't know what this oil field is worth , but it's not going to be much if you can't get it out , or sell it.

We could see a 10 million market cap ! Here

Share price starting to drop, can we see under 1.5 today and 1.4 next week.