Matra Petroleum Share Discussion Threads

[rodneyfoster] 27/6/2017 11:20

30k buy trades would result in Sp shooting up

[rodneyfoster] 27/6/2017 11:19

It doesn't tally them building large holdings and share price steadily crashing -Think you are mistaken in believing they building up stake

[beggarman] 27/6/2017 11:15

This may be a coincidence but on Thursday Carnegie Bank AB appeared and bought 15,000 shares through a number of trades and no sells. Today Eric Penser Bank AB has bought 15,000 shares through a number of trades with no sells. Looks like somebody is building up a position through a number of brokers.

[beggarman] 27/6/2017 10:50

5.1 bid/5.3 ask, are we into the high 4sek's by end of play?

[doxford] 27/6/2017 09:41

8 trades vol 13,000 and not a glimmer of a move north or south. Previously one trade has had a massive effect? Weird as always.

[rodneyfoster] 26/6/2017 14:04

Cant understand large asks suddenly disappearing /All bit odd

[beggarman] 26/6/2017 14:00

I'm making an assumption, that they are going to drill nine wells at $300,000 per well and they are going to pay their sub-contractors.

Therefore they will have to raise more funds within the next three to four months. They could re-finance the current debt and increase their borrowings to fund the gap. They could place more shares to raise finance.

I am expecting the share price to rise on the run up to Q2 results and another placing shortly after.

[rodneyfoster] 26/6/2017 13:43

At current rate of falling 5-10% per week will be as you said in decimalswhen next results out

[rodneyfoster] 26/6/2017 13:39

Lower it goes less chance of raising money through shares.They all know this so what is their end game here

[beggarman] 26/6/2017 10:35

Rodders

Decimal of a Kroner by then.

[rodneyfoster] 26/6/2017 10:32

Thats 2 almost months /Sp will be sub 5 who knows maybe even 4

[beggarman] 26/6/2017 09:33

Q2 results due 23rd August.

[doxford] 26/6/2017 09:30

I don't know when we are due any news update but there doesn't seem to be any effort on their behalf to promote what they are doing. This might suggest that they have no intention of doing anything and are in fact happy doing just that.........nothing.

[beggarman] 26/6/2017 09:27

4sek here we come!

[rodneyfoster] 26/6/2017 09:09

Beggarman Its disappeared Just steady fall as usual

[beggarman] 23/6/2017 08:54

Rod

There is no trading today, the market is closed.

[rodneyfoster] 23/6/2017 08:49

40k ask disappeared

[beggarman] 23/6/2017 08:33

It's the midsummer bank holiday today.

[maceman] 22/6/2017 22:06

Doxford- exactly mate. There's buying, most probably because there's a sell at 7/8. This place continues to absolutely stink as it has for years!

[rodneyfoster] 22/6/2017 20:55

There was 20k ask last week mid 6 /Didn't stop fall

[beggarman] 22/6/2017 19:10

Let's see how the next week goes, if that 40,000 ask is filled it would change things. Else it will drop to 4sek as predicted.

[rodneyfoster] 22/6/2017 18:41

If the case beggarman what steadily falling Day In day out

[beggarman] 22/6/2017 18:21

Q2 ends next week, perhaps somebody has some inside info. The Stockholm financial community is like a village compared to London, I would imagine gossip spreads pretty quickly.

[doxford] 22/6/2017 18:01

Why buy? If you had the nod from the horses mouth that this lot had a lot of positive updates in the pipe line regarding bopd and you were reassured that money was to be made then you would buy. Experience tells me that ''they'' would not tell anyone if that was so and would filtch off the shares to family and friends. Aint that the way it is?

[rodneyfoster] 22/6/2017 17:41

Why would anyone buy