The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
You are correct. He was originally banned as stocktrade then he tried his luck again as stocktrade1, but was banned again. Someone must have snitched on him, though his choice of stocktrade1 was a bit obvious. LRL is a bit of a mystery at the moment. Just waiting for the next RNS.
He is banned on the lse. He continues to post on the advfn LRL bb as socktrade1
"but there is nothing to debate at the mo". Too true, that's why this is my last post until the next RNS is issued. "but there is nothing to debate at the mo" Too true. That's why I wont post on here again until we get the next news from MTA. PS. I don't think I'm being silly defending myself from STAV. I have every right to defend myself. You don't agree? I just don't care.
Wrong bb. Should have posted chart on the LOGP bb.
http://uk.advfn.com/p.php?pid=chartscreenshot&u=1uUjc2EV6VfLF3U5V0yRfMAd2xDNq6Z7HIIavvNjblg=
Posters may take the pee out of Ichimoku Kinko Hyo, but as this 2 year MTA chart shows if you had bought and sold MTA based on the Ichimoku chart during the last 20 months you would have made significant amounts of money. The arrows show the buying and selling points. BUYING when the MTA sp rose above the Kumo (below 1p back in March 2012 and below 0.9p in September of this year) and SELLING when the MTA sp fell into the Kumo (June 2012 when the sp was over 2.3p) would have made you money instead of losing money (like most MTA shareholders). http://uk.advfn.com/p.php?pid=chartscreenshot&u=tlaZ4/ACPESBPAFNza66eqxgZbuMgLSx2UinkucHSiM= PS. It's always easy for the ignorant to take the pee out of something they can't comprehend. It's a useful tool, but no more than that. It doesn't give target sp's (which a certain ignorant poster, called STAV, assumed), but can be useful in determining how most investors currently view MTA and whether there is any insider trading going on.
I've filtered STAV, not because of his opinions, but because he keeps harping on about my POSSIBLE MTA sp forecasts from 4 years ago based on the likely outcome of A-13. I made a mistake, but I wasn't the only one. That's why the MTA Mkt Cap was over £50m immediately before the dismal A-13 results were issued. I'd say almost everyone (INCLUDING STAV OTHERWISE HE WOULDN'T HAVE BEEN A SHAREHOLDER AT THE TIME!!!!) expected A-13 to flow at over 1000bopd. It was an appraisal well after all, not an exploration well. Similarly STAV keeps going on about my MTA sp forecasts from around 18 months ago following on from Barskiy's appointment. However I wasn't alone in my POSSIBLE bullish forecasts at the time. That's why the MTA sp tripled following on from his arrival on the scene. The Mkt Cap went to circa £60m. I wasn't the only one to suspect that Barskiy already had big takeover targets lined up for MTA. Since STAV was a holder he probably felt the same and had a fancy target MTA sp in mind. MTA shareholders were excited by the talk of big companies like VETRA being in Barskiy's sights. No wonder there was so much hype surrounding MTA at the time. A poster on here a few days ago mentioned Knutsford, an AIM minnow, that went into orbit when it was mooted as being a vehicle to takeover Marks & Spencer. MTA 18 months ago was similar to Knutsford. The sp tripled because it was assumed that Barskiy already had big takeover targets lined up. We (and that includes STAV as well as me) were wrong, with the benefit of hindsight. I've threatened to filter STAV in the past, but this time I have! I've just about had enough of him continually bringing up my past POSSIBLE MTA sp forecasts as a cane with which to beat me with whenever he disagrees with one of my posts. I can do without that behaviour. No one likes to have their past mistakes CONTINUALLY brought up over and over again. It gets rather tiresome after a time. After all how would STAV like someone continually harping on about his past mistakes?
"Accordingly, there can be no certainty at this stage that Matra USA will proceed beyond the Phase 1 Investment. In the event Matra USA does not proceed past Phase 1 and does not wish to acquire the remaining 50% of PG-M JV, Matra will remain an Investing Company for the purposes of the AIM Rules." "The closing of the Phase 3 Investment is subject to customary title review and closing conditions. PG-M JV has the right to complete the Phase 3 Investment until 15 April 2014." Assuming this deal goes beyond phase 1 (and AIM is littered with examples of complicated deals like this one breaking down) and phase 3 completes and MTA takes up the option to acquire the other 50% of the JV that could take us through to mid April. Then an Admissions Document has to be issued. We could have up to another 6 months of MATRA being suspended. I'm glad I have filtered STAV. I don't feel I could stomach another 6 months of his attempts (often successful, I'm sorry to say!) to wind me up. If I have him filtered I just don't rise to his bait.
All my previous MTA sp predictions were only provisional. They depended on certain criteria being met. Those criteria were never met. Those predictions were also a bit of fun on my part. I ALWAYS STRESSED that I could be completely wrong!! I have always said DYOR. After all I have NO specific O&G knowledge, experience or expertise nor have I ever said I have. I have given the following MTA sp targets based solely on FUNDAMENTALS: During the later half of 2009 and early part of 2010 I gave the following target sp's: 1/ 10p (circa £100m Mkt Cap) based on MTA's best esimate of 65MMbbls recoverable and at least 1000bopd from A-13 and subsequent wells drilled on SOKO 2/ 15p (circa £150m Mkt Cap) based on 100MMbbls recoverable 3/ 30p (circa £300m Mkt Cap) based on MTA's upper estimate of 192MMbbls recoverable. Unfortunately A-13 was a complete disaster. Not what MTA or the Market (or I) expected. The possible 5 - 6p target I made in May 2012 was a CHART based prediction since the fundamentals did not support the then £60m Mkt Cap. Again the chart pattern I was watching never materialised. The MTA sp just ran out of steam. Back to FUNDAMENTALS again. I had a 10p future target sp for MTA (Mkt Cap circa £200m on the increased shares in issue) if A-14 was drilled by MTA and flowed at least 1000bopd and confirmed ERC's upper estimate of 80MMbbls for SOKO. A-14 might still provide those results, but of course MTA have since sold SOKO. PS. I can't currently post my specific target sp for MTA, when it re-lists, based either on FUNDAMENTALS or CHARTS since we haven't been provided with enough information to give a target sp based on fundamentals (we will have to wait for the Admissions Document for all the relevant facts and figures) and the MTA CHART doesn't currently exist!!
STAV. Filtered. I don't want to read his rubbish anymore.
"Again I don't understand your logic your itchmopoopoo thing was predicting 9p last year in April 2012 which you happily posted" sorry matey, "itchmopoopoo" (Ichimoku Kinko Hyo) makes NO future sp predictions!!!! FACT. All it does is indicate whether a particular share is a Strong Bear, Weak Bear, Weak Bull or Strong Bull at any specific time. What can't you understand about that?! I was predicting a POSSIBLE 5 - 6p target sp back in MAY 2012 based on a POTENTIAL Bullish Rectangle chart pattern. That pattern never completed. What can't you understand about that?! I can't remember mentioning any 9p sp at the time, but if I did it would have been based on A-14 being successfully drilled (1000bopd PLUS) and the upper estimate of oil in SOKO (80MMbbls recoverable based on the then ERC/Equipoise CPR) being achieved. I've had enough. No more posting responses to you on this message board for me, STAV, for the time being. I'm finding your eccentric irrational behaviour and selective memory rather tiresome. I can't be bothered responding to your posts anymore. You are just a wind up merchant. Believe what you want. I no longer care. I wish you all the best and hope your MATRA sp DREAM is realised when it re-lists.
Why not just wait until MATRA issues it's Admission Document before making your sp predictions on re-listing? Only when the Admission Document is issued will you have sufficient facts and information to make a credible sp prediction. PS. The completion of Phases 2 and 3 are subject to due diligence (see the RNS). So far only Phase 1 has been completed. Stick to the current facts STAV. You are falling into the same trap that you are criticising me for making in the past. Namely counting your MATRA chickens before they have come home to roost. I made MATRA sp predictions on the results of A-13 based on what was expected, but before they were known (they were appalling). You are similarly making MATRA sp predictions based on Phase 2 and 3 due diligence being successful, the deals being completed, MATRA ending up with 100% of the JV and ALLTECH pulling some rabbits out of the hat. You are doing the same as I have done in the past, but you don't seem to realise it!! Stick to the current facts!! If Phases 2 and 3 fail the due diligence test then MATRA will re-list asap. Currently MATRA has the following O&G assets; 50% of a JV with only 417,000 boe recoverable reserves (P90, P50 and P10 composition not known to us). That means only 208,500boe to MATRA. Production for Phase 1 is unknown. Could be 60boepd (30boepd attributable to MATRA), or it could be less since both Phase 1 and Phase 2 have existing wells. Since Phase 2 has many more existing wells than Phase 1 current production attributable to MATRA could be a lot less than 30boepd. It has paid US$1.35m for the Phase 1 assets and production. MATRA also has a US$16.5m loan outstanding to the JV carrying a 6% interest rate secured on the 417,000boe. MTA could also have up to US$8m of cash remaining. PPS. On the available asset and financial information CURRENTLY available to investors I fail to see how the MATRA Mkt Cap will be either £39m (2p sp) or £58m (3p sp) when it re-lists. Hower that is only my opinion. You have a completely different opinion. Let's leave it at that without bringing up the past at every opportunity shall we? ATB
You are bringing up the past again. Are you an elephant? LOL. You are getting on my tits again!! LOL. I never made any specific prediction, in my post last night, concerning the MATRA sp on re-listing. All I said was that Knutsford was just a vehicle for some well known retailers/businessmen to takeover Marks and Spencer when the M&S share price was suffering due to poor retail performance. It wasn't a few years ago either. I was just making the case that Knutsford was a very special case. Why then, STAV, do you go blundering off at a tangent? Of course MATRA should be priced inline with it's peer group when it returns from suspension. Though I haven't got a crystal ball and the stock market can be very irrational at times. Regarding Alltech, I doubt if it's a name well known, or held in particularly high regard, by the majority of UK investors. Of course I will eat humble pie and apologise if the MATRA sp does double or triple when it re-lists, but will you eat humble pie and apologise if you are wrong? I wonder?! PS :"Last year - April 2012 to be precise - ultra was predicting 9p with his itchypoo charts and 30 p a few years back ." NO I WASN'T. 18 months ago I was predicting a POSSIBLE circa 5 - 6p target if a bullish rectangle formation came to fruition. IT DIDN'T. You criticise me for past possible sp targets, but you are also making a rod for your own back with your prediction that the MATRA sp will double or triple on it's return from suspension. I hope for your sake that you are correct otherwise I will never let you live it down!! LOL. The MATRA sp, when it re-lists, will be determined, not by you or I, but by the opinion of investors at large. Lets see what happens. We could have a long wait!! PPS: I previously explained my reasoning behind the POSSIBLE sp's I guessed at over 3 years ago. They were based on the facts and circumstances known at the time coming to fruition. They DIDN'T. I got it wrong. Also remember that the MATRA shares in issue has roughly doubled since then so 30p then becomes circa 15p now.
If memory serves me right that wasn't a small O&G company! Wasn't it a vehicle floated with the sole intention of taking over Marks & Sparks? It didn't happen and it went back to being a penny share stock before a small business was reversed into it Forget Knutsford, sharetip, it was a one off!! MATRA, when it returns from suspension, will be valued by the Market on the same basis as it's peer group, eg NTOG, CAZA and MAGP. The assets that MATRA intends buying in the USA are 3 very small fields (phase1, 2 &3). It's not going to sky rocket on it's return from suspension. Keep your feet on the ground.
You are correct. The answer is rather obvious. MATRA is currently suspended pending the completion of an RTO. Hence you can neither buy nor sell MATRA shares. Hence bid and ask prices don't currently exist. It could be suspended for up to another 5 months.
No problem mate. No offence taken. I enjoy reading your posts. We are, after all, only posting our honest opinions, even if they turn out to be incorrect. Unfortunately we don't know what's going on behind the scenes at MATRA. We have never known. I'm sure Peter Hind sincerely believed that SOKO would contain much more than 65MMbbls recoverable and that every well drilled on SOKO would initially flow at 1000bopd when he made those statements in that October 2009 investment magazine article. Unfortunately the A-13 results blew a coach and horses through his predictions. Goes to show that even those in charge of a O&G exploration company and with all the information at their disposal can get it disasterously wrong when forecasting future events.
One thing that has really impressed me about Barskiy is the complete absence of bull**** from him. I like his low key approach. No forecasts that turn out to be completely over the top. Contrast that with Hind and the interview he did with the Smaller Companies Growth tipsheet back in October 2009. He forecast at least 1000bopd from each future well drilled on SOKO and recoverable reserves much higher than the 65MMbbls best estimate given in the July 2009 RNS.
Aren't you also being pompous? Stop taking yourself so seriously, my friend. This is just a message board. None of us posting on here have a clue about what what is really happening behind the scenes with MATRA, just as none us had the slightest idea back in 2009/2010. MATRA has had a very chequered history since it floated on AIM as a cash shell back in 2005. The original investment in Hungary ended up as a complete flop. Then the Russian adventure, accompanied by the arrival of Laurel and Hardy, which promised so much, but achieved so little. Since MATRA floated 8 years ago the number of shares in issue has risen by almost 10 fold and the current, suspended, sp is a third of what it floated at. MATRA has been an awful investment over those 8 years. Anybody investing back then would have seen their investment valued at just 3% of it's original value. Only shrewd traders (unfortunately I'm not one!!) have made money out of MATRA over those 8 years. Traders who have sold into sp strength (there have been highs!) and bought when the sp has been at rock bottom (unfortunately all too often) True, I never criticised Spiritfinder for his blatant ramping in late 2009/early 2010, probably because he was basically only repeating the blatant ramping by our MD at the time. I believed Hind when he said every well drilled on SOKO would flow at least 1000bopd. I believed Hind when he said SOKO would contain much, much, more than 65MMbbls recoverable. MORE FOOL ME. If you didn't believe Hind, at thetime, that's to your credit. PS. By the way, whilst I never criticised Spiritfinder for his blatant ramping I never criticised de-rampers either. I never criticised your opinions either only the pompous way you made them. Don't forget you only started calling me pompous after I called you pompous first. Anyway this tedious tit for tat between us would stop if you didn't keep bringing up the past. Why you keep bringing up the past baffles me. You were right to be cautious in late 2009/early 2010 whilst I was wrong to be believe the bullish ramping by our then MD. Lets leave it at that, shall we?
Welcome back Zorns1967. I can't wait to see if your prediction, made on the 29th October, of ZJS7 flow rates being issued in 2 weeks time comes true this week. I'm waiting with bated breath. Of course your previous prediction of ZJS7 flow rates being contained in the next update on ZJS7 was rather scuppered by the RNS dated 29th October. Still you might have better luck this time!
Just for you, seeing you have such a convenient memory, I'll re -post one of my replies to STAV. LOL. Hi mate.Another salient fact you missed out on in your post was I ALWAYS think in terms of Mkt Caps. The only time I mention the sp is when I convert the Mkt Cap into the sp by dividing the Mkt Cap by the number of shares in issue. Since the number of MTA shares in issue now is almost DOUBLE the number of shares in issue when those POSSIBLE 15p and 30p were mentioned back in late 2009/early 2010 that effectively REDUCES my 15p to 8p and my 30p to 16p!! Doesn't sound so bad now does it?! Especially now that some posters are bandying about sp's of up to 8.3p (US$160m divided by 1.935bn shares) on just 10.6MMboe recoverable and a current 40boepd. At least my targets around 4 years ago were on 192MMbbls recoverable (and all light, sweet, oil) and 1000bopd on EACH well. I've learnt my lesson. I don't believe MD bull**** anymore, nor do I make Mkt Cap and hence sp forecasts without the full, factual, information. We don't know the nature of those 10.6MMboe reserves. We also don't know what the daily production will be when MTA returns from suspension. We don't even know, definitely, that the deal will be fully completed. MTA themselves say they still have to do due diligence on these assets. If that due diligence throws up some question marks over ownership of these assets then MTA wont proceed will phase 2 and/or phase 3. ATB