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Drilling should be around 900 metres on Velociraptor. If oil is to be struck, it should be anytime from today or within the next 10 days, assuming that due to the untapped oil resources in Mongolia that the wells will be shallow wells of between 3,000 and 5,000 feet. That is 900 to 1,500 metres.
Clearly PM expects these to be shallow wells due to the drilling going to 1,500 mtrs only.
Any time now........!
Mid July
Mr Landicaamans say Mr Mike Buck has tight hole. Let us see :)
Wos you go first :-)
LOL mr Wooster please keep head on shoulder. I agree with Mr CaC on this ;)
Think Special Certifucation BEFORE V-1 but look at investment like this with flow chart thinking.
LP before V1 - BOOOOM
V1 - Strike - BOOOOM
V1 Duster - price depress but nearly 50% drop from few week ago show MOST derisking happen. Also LP can come ANY time after so will keep buoyant price
V2 Announcement - Bouyant price (not Booom)
Renewable Energy Revenue - Boom (without caps).
MATD / Govt Partnership - BOOOM
No LP - person who think this should not even invest & mean Mongol Govt go into economic suicide mode.
Look at price now & understand we ALREADY have oil & WILL get Special Certification.
Again you do not believe this do not invest.
If mr Landicaamans is right about Mr Bicks tight hole or not we will see. He say he know a lot about this thing but who know.
Q will be can you BUY enough stock & how gard BOUNCE BACK will be imo
Like I say yesterday trust research & think about this - "Investing requires more than anything PATIENCE & DISCIPLINE. But it attracts more than anybody the IMPATIENT & IMPULSIVE" Morgan Housel (author The Psychology of Money).
Trust RESEARCH & STRONG investment case
Be happy
LP after V1 result - BOOOM (forget that one)
Can see all point to BOOOOOOOM for patient one & will be life changing Multiple BOOOOOM
This why am Happy & happy to hold because have built up my holdi g level to what I want :)
One sniff of Oil shows on drill head and we are in double figures boys….. fill ya boots
Mini sp spike, something happened ????
Maybe MB is playing the master stroke…. Going to announce both Oil shows and LP arrival in same week…imagine the mm’s scrambling for stock then the SP will be in orbit.
Wouldn’t want to be out over the weekend that’s for sure!
@Notpleb
What's happened is that as I pointed out yesterday, the price has hit and bounced off the support level which is dide back on 29.03/23. Unlike many on here, the short term traders and the MMs trading their own accounts are looking at the technical analysis.
If nothing has fundamentally changed since the last RNS then it's a short term trader's stock, and that includes the MMs. The MMs have accumulated at around the support level price having shaken out the weakholders, and will now be looking for FOMO to start setting in so that the next spike up can happen if nothing to do with the fundamentals radically changes, ie the company becoming finally a revenue earning business, or Velo hitting oil with the right kind of flow rate. Right now the MMs are deliberately stoking up supply and demand on a share with thin trading volume - hence the dramatic spikes followede by equally dramatic falls. All the people caught up in either FOMO or its opposite - ' fear of losses ' are pawns for the time being in this little game that they play....
Cat bounce
' it made ' I meant - sorry.
Must do more proof reading given that there is no edit function on here....
Must be a leak
Really wish it was Master, but i tend to go with Investor33's explanation tbh. Makes sense MM's have been manipulating this share for years and more so of late with the total uncertainty of everyting
@Master82
Or maybe the support level established on 29/03/23 has just been bounced off... ? I mentioned this support level yesterday on here.
Technical analysis does matter to short term traders - and there must be a lot of them who have been doing very well in the last few years from MATD.
Couldn’t buy size yesterday at 3.5 because I tried…🙄
A local has spotted some Yaks covered in Oil ;-)
I agree also.
MM’s manipulating the market to their advantage.
Have noticed over a long period of time - unless there is a positive RNS - the share price is forced down in the beginning of the week - and then on nearly every Friday, the price goes back up to enable the MM’s to make their weekly profits and targets.
Bit of a joke really.
It’s gotten so obvious now, that even my wife - who has absolutely zero interest in the shares market - has said to me, “it must be a Friday - prices are up”..!
She makes a valid point.
That was a joke by the way... they were lamas !