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@5.95p (currently) then there must be something strange going on after today's news.
Could it be that the market is waiting for the (confirmed) sales revenues from Heron? Doesn't make sense considering the fact that the SP was beyond 7p in May this year (just 2 months ago!).
Kind of crazy. ATB
I’m waiting to see after hours trades reckon there might be a few big ones to land
If you think it's worth more than 6p, as I do, and you have the funds then buy some more.
This surely is a bargain basement safety net of share price? Only up from here?
You've been the most patient investor I think I've ever seen Ojay, others are less so and are happy to take todays profits whatever they may be.
Perhaps they're thinking Velociraptor is an 80% chance of finding dust with an SP fall?
Even if this happened the share price will recover and rise on Heron news, plans and progress towards oil production.
And there's a better than 20% chance that the Raptor Trend targets with strike oil.
It's an ideal time to be a long term holder at 6p.
Bring on the oil, that's what it's all about (for now anyway).
Already have 5k of stock to scared to add more...
'In parallel, we are already in discussion with service providers to determine a timeframe in which crews and equipment can be available for the completion for production of the Heron 1 well.
The certification of Block XX as special purpose land gives the Company the legal right of access to the entire area for the purpose of hydrocarbon exploration and exploitation.uction likely to start up any time changes this company at long last. '
What ultimately forces the markets hand is ongoing, increasing and rising revenue streams.
Petro Matad now have the means to achieve this, increasing, reliable, Heron oil revenues allowing them to commit to the Green Wind/Solar energy development plans.
With regular and increasing income, limited overheads, a favourable tax environment and the prospect of regular generous dividends the investors will come and the share price will find it's true level.
It's still early days here which given the long wait to get here is rather ironic.
Les you dont know much about the location of PM. Its straight forward as get oil in to a tanker and off to facilities 10 miles away
The wider market is taking an absolute battering today down 170 points or 2.3%... i have no doubt we would be @ 8-9p if the wind was with us and not against... so I'm not concerned at all with only a 50% jump today... many were caught out today as there was no leak or massive trades before todays news ...many thought it was still weeks away.
Closing in on TD next week...one sighting of an oily Yak and we are well into double figures.. with all that we have ahead of us regardless of V1 being a gusher or dry well i think 6p it a ridiculously low entry point and the market will adjust this in time.... il be pumping more cash in next week for sure.
All the market is down but MATD is 60% up says it all.
That is great great interest guys.
Stop talking nonsense please.
Just one way and that is up.
Booooooom.
LesMouches. Yet there is an extraordinary demand for flying and importing goods from places like China who are getting back into gear after Covid and need plenty of oil. Heron is on the Chinese border, even using second-hand tanks to put the oil in from a Chinese oil company.
Oil is not the main problem the world faces, countries like Russia are.
Read the presentation LesMouches and you will see how Heron will be funded.
Don’t have time to read all the posts, but Hamm is correct. 50% or so is a great start.
And that is it - the start of the re-rate. I wasn’t expecting a 15p re-rate on the day of the LP RNS. No share behaves like that.
Fantastic day, great start… more to come. We’ll done all that held.
20% rise per day would take us to 17p by the end of next week. I’m sure many would be happy with that for a start.
20% rise everyday until V1 update is good for me. With a positive V1 RNS another few hundred % increase will do just fine for starters.
Les
MATD rise spreads over number of days, not just a one day wonder !!!
You must be knew to MATD. Seasoned investors & traders know that. MATD rise is generally speaking very fast when on the go. Today was Day 1. More to come.