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Petro Matad oil explorer in Mongolia (MATD)     

mitzy - 02 Dec 2009 17:35

Chart.aspx?Provider=EODIntra&Code=MATD&S

Latest Proactive Investors report..http://www.proactiveinvestors.co.uk/companies/news/10809/petro-matad-exploring-for-oil-on-chinas-doorstep-10809.html

Currently 14p to buy.

mitzy - 14 Jul 2010 09:09 - 201 of 667

I guess 100p to 500p in a 12 month time frame..

and 2000p in a few years.

cynic - 14 Jul 2010 10:53 - 202 of 667

taken my profit at 90, so many thanks mitzy

note that not only is this an MM stock only, but the order book is now looking really quite weak with only a modest number now being bid at 89 from one MM and the others as low as 86

required field - 14 Jul 2010 12:49 - 203 of 667

It now depends on the well results ...I've taken some very good profits along the way...still in with a medium size holding (for me anyway)...not sure what to do ...probably a gamble as to whether this will climb even further or a sharp drop if the well is non commercial....

mitzy - 14 Jul 2010 12:55 - 204 of 667

No problem cynic I am expecting 200p on positive well results in the next 7/10 days of course if the well is a dud its back to 60p.

required field - 14 Jul 2010 12:56 - 205 of 667

Or less.....it's a gamble....again....seems to be most of my holdings are like this....

required field - 14 Jul 2010 13:11 - 206 of 667

Sold 45% of my holding...92p...free ride on remaining...will stay put...

cynic - 14 Jul 2010 13:14 - 207 of 667

not impossible i shall buy back at some point, but i'm no fan of MM stocks and ftse looks set to fall back quite sharply (5000?), though that may be exaggerated by BP's weakness today

required field - 14 Jul 2010 13:16 - 208 of 667

I've learnt to my cost in the past to take profits...you just don't know what's around the corner in this market....

Balerboy - 14 Jul 2010 14:00 - 209 of 667

mitzy what's your % of coming good as there are known oil fields around...better than 75% or less??

mitzy - 14 Jul 2010 14:13 - 210 of 667

I would reckon chances are 80% of finding oil Bb.

Balerboy - 14 Jul 2010 14:17 - 211 of 667

thats good enough for me, i would have to sell 2/3rds to get a free ride so will stick with it. sp holding at around 90p which is fine. bb

required field - 14 Jul 2010 14:53 - 212 of 667

Now look what you've done ! : it's rising again !.

mitzy - 14 Jul 2010 15:02 - 213 of 667

lol..

Balerboy - 14 Jul 2010 15:06 - 214 of 667

lol.,.

required field - 14 Jul 2010 17:03 - 215 of 667

lol..,

required field - 14 Jul 2010 18:20 - 216 of 667

Lull.....perhaps they ought to call us the lollipops.....or even the "lolly" Pops....you know...sort of Pops with lolly....ok.... that was terrible....

required field - 15 Jul 2010 15:07 - 217 of 667

Yabadabadabadooooo ......

required field - 15 Jul 2010 15:14 - 218 of 667

The way this is going to go....200p could be a very strong possibility.......bought some back in the sipp in the nick of time by the look of things.....

cynic - 15 Jul 2010 15:15 - 219 of 667

gone bonkers ain't it!
took my profit too early, but hey ho, it was a good 'un for such a short stay ...... have now (foolishly!) bought in again on back of latest rns

required field - 15 Jul 2010 15:21 - 220 of 667

This looks as good as RKH....sp wise I mean...not the amount of oil....I can see this going way past 150p...perhaps further...all the way to 200p....and in time who knows 500p like Mitzy and EK have suggested.
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