either or works for me ha, a few are waiting on the sidelines waiting for more confirmations as a lot of doubt has been placed on this drill going ahead, but as soon as that rig is confirmed on the way the herd will follow.
Just for your info I spoke to the company contact this Morning, first point he said ignore the rubbish about delays due to sinopec, there a drilling company paid to drill no drilling no work. Secondly the paperwork can only be submitted when all is in place permits ECT as the visa only lasts so long. So all the talk about they should have applied ages ago ECT ECT is not possible to do as these would run out they only last so long not years just a few months.
Judging by the fall in the share price the market was not impressed with the RNS yesterday. It may be a matter of Hobson's choice but having a potential rival doing the drilling does not seem very clever so perhaps the delays are not entirely an accident or bad management by MATD.
I bought into matd's four drill program many months ago .. "the weather"can't be helped !! the " change of plan after the seismic survey" is understandable but then maybe they shouldn't really have been making plans till this was complete. "New permits required" .. "civil works" etc would have been known about but needing visas for the crew !! SERIOUSLY !!! a lack of organisation in the management team seems to be to blame (imho) either that or we're being fobbed off with poor excuses .. four drills this year are becoming increasingly unlikely to me .. two hopefully and a decent result will change things .. I'll wait for July but someone needs to get their act together and start delivering ...
If you look back at the funding RNS you can see that drilling was on for early May see RNS, then that passed and we were told Q2, now that's missed and we are told July, but are sinopec playing ball here? now it's a visa issue?? They were aware this would be required in feb when drilling was planned. Sloppy to say the least and the company have left it open on the visa issue, have they got them now or still waiting.
''Unfortunately, there has been a delay in obtaining foreign worker visas for the Sinopec drilling team and this will likely move the spud of Snow Leopard 1 into July 2018. This will not, however, impact Petro Matad's ability to drill both Snow Leopard and Wild Horse during the 2018 drilling season based on our best estimates of well duration.''
slight delay which was out of our hands this time, but management have proven already they ain't drilling just for the sake of drilling and have chosen targets that will be better suited to optimise value, an extra 200mbls on top of wild horse is huge!!!!!!
..I feel there actually is a need for matd to get their act together here now .. having re thought this, should they have even been making drill plans before the seismic survey was complete ? or was this just bluff to keep some momentum of interest going?? The drilling plan is now drifting within an already tight schedule .. sometimes I'd sooner hear the truth (when there is a change of plan) rather than feel I'm being "blagged" in some way .. better comms would go a long way if you want to establish trust here guys ....
It had to happen at some time, be nice watching this one let loose now fully funded for 2 high impact transformation drills, and 2 high cos back up drills, what is there not to like about this company at the minute as we approach the start of operations!! GLA
Volume fairly low today yet the mm's are walking the stock up with speed. Investors that jumped off at 11p levels recently may find it hard to jump back in at under 13p in the not too distant future.
The liquidity on stock is not high due to the bulk of shares being owned by related parties. The float looks like around 30% to 40% of stock at best.
Based on that scenario, when the herd begin to return to MATD ahead of drill dates cited for May or June, it might be very hard to buy in at sub 16p as the mm's are moving this higher on lower volumes so what will they do when much higher volumes come into play??
Should be an excitable next 6 months+ for MATD with not much time for dull moments. Of course, like all high impact exploration, they may drill 4 x wells and return zilch.
Enjoy the sunshine, sentiment is certainly beginning to brighte up across commodity sector.
That's exactly what he does Girdz and got all his posts removed on LSE after being reported, the guy's a parasite and is on the quest for a cheap re-entry once again before commencing the ramp, he wouldn't be here otherwise. It's nothing short of cringe worthy.
To be fair to bedwetter, you had been pumping matd on at least two other bbs that I am aware of Sean (hence why I had a look to see whats going on).
Then you dump the stock and change sentiment.
You say ride the waves of Aim, I say you are trying to create waves by pumping on other share bbs with the hope of getting some interest of others and once the sp meets your target you dump stock and change stance!!
You've chosen to put your hands over your eyes to avoid looking at price predictions from other places none bb though eh, quite a few predicting pre-spud in 20's+ range but I guess that's of no interest now you've sold and are after entering as cheap as possible.
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