Petro Matad Share Discussion Threads

[the_gold_mine] 25/1/2022 22:33

grannyboy... Your doing a lot of sneering for an ADV buffalo-10 "investor"? What "returns" did you make on that bad boy, 80% loss in a single day? 94% loss over the last week? Pray, tell us again how stupid we are to invest in MATD.

Maybe you should do a quick comparison between the two companies and see if you can learn something...

A couple of weeks ago ADV had a market cap of about... £30 million, with no proven resources. Everything was riding on a single drill result at the buffalo-10 well.

Today ADV is worth about £3 million, as aforementioned well was a duster.

Today MATD has a market cap of about £33 million, with proven reserves of 33 million barrels of oil at the Heron oil field (more if enhanced oil recovery is used), and a flowing oil well in Heron 1 which just needs completed for production. Also $10 million in cash to develop the Heron oil field first 3 wells.

You see the difference?

[coldjoe] 25/1/2022 13:54

I reckon you can easily justify the mcap here ($10mil in cash) and 33mmbo recoverable that we know flows + production coming online this year, also Mongolia is better than anything in Africa imo, but if you did 10min of research you would know all this and not talk sh*t

[jungmana] 25/1/2022 11:41

If you are day trader you would worry about hourly moves. Most here are medium to long term investors imo.Personally my average is under 3p

[grannyboy] 25/1/2022 11:35

Hahahaha.. Since my first post the share price has started retreating, it's like as if a kiddy has been caught with his hand in the cookie jar, in this case the mm's been caught manipulating the s.p.. Omo of course!!

[grannyboy] 25/1/2022 11:23

There is many companies that have broker noted that have wistful T.P's 5/6/7+ their existing s.p, does not mean any ever get to these t.p, but got to admit MATD must have very good connections!!

And there is also many companies that raise £ millions to do a drill.. But Mongolia .. FFS.

[jungmana] 25/1/2022 11:19

Good news too for one of my other holding, char

[garymegson] 25/1/2022 11:08

It always bemuses me when posters show up and not look at the previous Rns's and slate a share. Company raised $10 mil @3.5p to be used to make this co a producer. Get in on the ground floor imho. DYOR

[jungmana] 25/1/2022 11:00

For a start read the recent broker report. They have a target of 29p and imo that's a fair valuation

[grannyboy] 25/1/2022 10:56

It always bemuses me when I see MATD spiking up on absolutely nothing ,but usually followed by a fundraise, but the company's insiders must be well connected because they always manage to get the share price up, and you have to ask, how the market justifies giving these a market cap of £36 million?!!

[andyview] 25/1/2022 10:56

Good morning, I can neither buy or sell presently…

Something afoot?

Gla

[jungmana] 25/1/2022 10:54

If the market behaves we should see 6p here in the short term ( 1-2 weeks, )

[avsome1968] 25/1/2022 10:47

I bought back in yesterday never thought it would get back down to placing price lucky the dow recovered rather sharpish.

[1bonanza] 25/1/2022 10:40

Back in this morning and straight into the blue. GLAH

[jungmana] 25/1/2022 10:39

Nice move today. This is one of my top 8 holdings for 2022 and I believe will see 10p by the time production starts in the summer.

[man1] 24/1/2022 12:05

A few flush outs before the pop...

[zangdook] 24/1/2022 11:32

will I never learn?

[1bonanza] 24/1/2022 11:31

Well, wasn't expecting to get in below target price, may hold off a bit.

[1bonanza] 21/1/2022 08:37

MATAD has always dropped back whilst waiting for news in the past. I'm looking at 36 to hop back in.

[aimbagger] 21/1/2022 07:35

Big flush down yesterday and test of the t line. Possibly placees taking a little profit from 3.5p. There was a strong bounce into close which bodes well today.Progressive Equity note out earlier this week with a Renav target of 29p based on $60 PoO. Currently $84!

[aimbagger] 20/1/2022 14:51

Added twice at 3.9, thank you very much!

[1bonanza] 20/1/2022 14:23

Stop loss sold all mine at 41

[neo26] 20/1/2022 13:07

Lets go 7p

[aimbagger] 20/1/2022 12:16

Looks ready to run back to 5p