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To understand recent post you have to understand what mr Investor does say about people who trade on volatility.
Do this people even believe there post or just use hem for own trading?
Yesterday we have someone who talk about planning permission denial but if you read article it talk about Uluunbaatar City lol. Same person who post 7 year old article before with "latest news" π
This is why I focus ONLY on investment case & not share price to whip holder into frenzy if upset lol
MATD have safety for me in Aim market investing with Oil Assets, Fast Growth Plans, Diversity, Full Govt Backing & Strong Cash Position.
I believe biggest challenge was get Cabinet Approval. This done now & local govt paperwork is "formality" just like July 6th RNS say.
Also think little trader maybe like to make money with volatility but real BIG WINNERS will be one like mr Condor who have built up big holding for big picture growth.
All know how MATD price can move with little drop & then MASSIVE rebound. Who sell at this price? Do not know but let us hope bridges not busy with people who jump off after RNS come.
Heron development together with Block XX extension development to target est 3 Billion and expect DQE formal conclusion then with ALL excitement on MATD then.
Will put up with grown up crying on BB until then because keep focus on INVESTMENT and not amateyr dramatic audition lol
Be happy but clear sighted π¦
WOS - you still appear to believe that posts on this BB can affect the share price. From your own blatant ramping & the current dismal SP you should realise that this is definitely NOT the case. LOL (be happy)
READ POST! π
Formalities that take almost 2 months, are hardly Formalities. MG obviously omitted to give local government a deadline. Therefore the National importance time frame is in maΓ±ana time. There is more to this than meets the eye.
@badprophet
The share price has simply fallen back to a previous well established support level. It's a predictable pattern which has happened many times before, before the next sucker rally spike, which will come when the next positive RNS is released.
This is a volatile share - which is exactly what those trading it short term want. If you had bought and sold with the ' smart money ' which is currently driving the price action of MATD ( and has been for many years ) then you would already be more than 1000 % to 1,500 % in profit, which is the equivalent of a 35p to 50p share price today.
Thank you for insider info π
Next RNS will be Operational start for Heron onstream in line with MMHI, MRPAM target (not BB whatever meet there eye lol).
Time for trader will be gone & big investor BUY & HOLD position in.
This is next RNS we expect now π°
Absolute bargain price.
RNS = workover in 2 weeks = retate, double digit.
MB is still in Mongolia on a mission.
July was cutoff point for bringing heron online. We can all forget oil this year.
MB is still chasing paperwork and not even got contract signed with PC. Which is puzzling because surely this needs to be done before we start working on heron.
Hamm - are you a bot? How do you know MB is βon a mission?
Which broker do you use?
Yes Master. It is puzzling.
Chinese top delegates have been in Mongolia for meetings re oil, gas and renewables. Is there a (probably likely) chance they have been demanding more access to the natural resources?
Is MB feeling the pressure and possibility that Matd's strong position to be the major oil producer in Mongolia is severely undermined?
MB let slip a shift n his rhetoric in renewables when he stated in the last interview that the main reason for MATD to enter renewables was to provide power to the pumping sites. Hang on, I thought we had strong connections with MG to access and be a major player in the drive for 30% renewable energy supply in Mongolia! But the Chinese are in the country with real investment money and companies able to throw everything up for renewables very quickly.
So I feel that MB is not as sure and confident on his dreams as he perhaps was!
We will see. But he is now under real pressure to deliver and get this business off the ground before the opportunities dry up and go elsewhere!
MB is brushed to one side because the man is never there to shout about his company. He does couple of interviews a year and Job done.
After spending more than 100mil in Mongolia PM is still not a player.
MB is 100% wrong guy to lead a company which has so much potential.
You can't be a part time CEO and expect everything to fall in to place.
You need to get out and make yourself heard.
@WOS
Don't expect the price volatility to go away - even if and when a positive RNS update comes. In fact you will probably see a ridiculous amount of volatility when it does. And any semblance of ' bad news ' then expect another huge mark down to around the stop levels to allow the MMs to hoover up more cheap shares...
I don't believe that MATD will ever be a nice stable stock in terms of its price action, even if and when the company starts extracting oil. Nonetheless, I am hoping that it will all come good, and production will begin before the end of this year.
Mr Master
"July was cutoff point for bringing Heron online"
Why did mr Mike Buck say in interview only couple of week ago that they (Petro Matad, MMHI & MRPAM) commited to bringing Heron onstream THIS YEAR?
Think you know you post false info (but hope genuine mistake by you) & look like by desperate posting today / yesterday you maybe look to BUY back in quickly now with last push of BB complaining π€
Focus on INVESTMENT not EMOTION/ DAILY MOVE π¦π°
Mr Investor
Big Institution BUYING POWER will make it stable stock. Little investor long goneby this time π
Heron 1 will be in production within a 2 week workover regardless of weather.
MG has promised H1 oil production happens this year and MB has been there on a mission.
Great opportunity to add if you are lucky to get some quote.
Guys,
WOS is absolutely right about shifting shares from small holder to fat boy investors.
This share has been a disaster, sitting on a huge loss (for me anyway). Cant see anything positive coming out this year, hope i am wrong!!
Could well fall a fair bit further unfortunately now.
And could bounce VERY VERY HARD! ππ
Wise. Do not listen to our Billy bull CEO.
Every single interview he will say we would love to do this and we would live to that.
He said They like us to be producing this year but that's not possible. Why don't you just wait and find out.
MB is full of excuses.
Mr Master
"Why don't you wait and find out" Sir it is you who have has complete emotional breakdown on BB π
I say relax and focus on investment. Not scream to get rid of Mr Buck. We wait now for "formalities" to be sign. Dot "I" & Criss "t" like Mr Wolverine say. Same as RNS message.
Relax or sell maybe ifthis is not healthy for your mental health sir. I am very relax with my investment.
I say with genuine feeling sir be Happy ππ¦
Hamm, please can you show when: MG has promised H1 oil production happens this year, as in the latest video I do not hear any such promise.
ATB
Maybe Mr Master should take Mrs Master shoe shopping to help him relax mind from goings on here !
( including some shopping apart time while Mr Master search back streets alone for 'Mongolian regional / local oil production licence shops' !) ....#newtrousersir
Watch again then, it's clearly in the video