FDM - Freedom Oil and Gas

[tech/a]

Re: MAD - Maverick Drilling & Exploration

Tech - been interested in a few of your posts - have been looking at RED a fair bit too (but understand why you may not be posting on that forum now due to other members). Out of curiosity, understand you're not interested in fundamentals, but as part of your TA, do you keep an eye on expected announcement dates? How do you manage the potential impact of an announcement? Or would this simply be covered by a stop?

No
They --- or their pending nature dont impact my trading. I have no structure implemented for anything at all fundamental.---I never even knew you could look up expected announcement dates---learnt something.

RED Nothing of interest to post---when there is I will.
Skins pretty thick but have no interest in conversing with more ons.--

 

[Robbo]

Re: MAD - Maverick Drilling & Exploration

Firstly this is pure speculation but I was on the ASX site and saw the headline MAD - 'Record Results' in whatever area they are drilling which may bring on positive price action tommorow (I haven't read the announcement). However in my opinion there is a high chance that could see a culmination top and I'd urge all holders to be cautious.
Many price tops occur with very high volume and often an associated 'positive announcement' is released and seen as a catalyst for the move, but large holders always sell into strength.

Anyway thats just a possibility and I could very well be wrong, I'll let the chart show the way tommorow. Good luck to holders hope you've made a great profit but don't let it evaporate if things do indeed look toppy.

 

[Wa11y]

Re: MAD - Maverick Drilling & Exploration

No
They --- or their pending nature dont impact my trading. I have no structure implemented for anything at all fundamental.---I never even knew you could look up expected announcement dates---learnt something.

RED Nothing of interest to post---when there is I will.
Skins pretty thick but have no interest in conversing with more ons.--

Ok - good to know, thanks. RED announcement early this month indicated there'd be an update by end of month highlighting production & forecast. Hence my question on "expected announcement date" and if this would impact your plan, to be specific. For example, you might see a buy opportunity through your TA but question was if it was end of Feb, if the "expected" announcement would be considered. Now I have my answer. Not sure if you're being sarcastic with "learnt something".

But yes, understand why you wouldn't be conversing with a few on the RED forum.

 

[tech/a]

Re: MAD - Maverick Drilling & Exploration

Ok - good to know, thanks. RED announcement early this month indicated there'd be an update by end of month highlighting production & forecast. Hence my question on "expected announcement date" and if this would impact your plan, to be specific. For example, you might see a buy opportunity through your TA but question was if it was end of Feb, if the "expected" announcement would be considered. Now I have my answer. Not sure if you're being sarcastic with "learnt something".

But yes, understand why you wouldn't be conversing with a few on the RED forum.

No I have learnt something.
I didn't know you could look up expected announcement dates.

 

[Tyler Durden]

Re: MAD - Maverick Drilling & Exploration

Because of the announcement, those idiots over at HC were ramping up the stock so much, even I was considering buying in. They claimed it could reach mid 90's, but it didn't even reach 0.85 today. Wow...idiots.

 

[Boggo]

Re: MAD - Maverick Drilling & Exploration

For example, you might see a buy opportunity through your TA but question was if it was end of Feb, if the "expected" announcement would be considered. Now I have my answer. Not sure if you're being sarcastic with "learnt something".

Off the topic of MAD for a second but relevant I think.

The reality Wa11y is that in most cases the chart will tell you what is going on well in advance of the news.

Below is an example using AGS of what I mean.
Compare the news with the chart, the chart had picked up that something was happening way before there was any worthwhile news.

As for the RED discussion, they appear, make a heap of noise and then blow up and disappear, seen it all before.

(AGS chart and news comparison - click to expand)

 

[Chasero]

Re: MAD - Maverick Drilling & Exploration

So... share placement to instos today...??

Wonder @ what price

 

[rcm617]

Re: MAD - Maverick Drilling & Exploration

Looks like someone was in the know yesterday afternoon.
My main interest will be why. If it's to buy a few extra rigs and speed up utilising all those reserves faster would be good in the long run. With all those extra acres in Boling and Nash, probably need to step on the accelerator.

 

[basilio]

Re: MAD - Maverick Drilling & Exploration

Looks like someone was in the know yesterday afternoon.
My main interest will be why. If it's to buy a few extra rigs and speed up utilising all those reserves faster would be good in the long run. With all those extra acres in Boling and Nash, probably need to step on the accelerator.

Well there couldn't be any other legitimate reason could there ? I think this could be a very astute move. Establishing another 3-4 rigs and the infrastructure to take oil to market would speed up production by 100%. They could also purchase further acreage and quickly prove up the current reserves. They should get a good price on new stock.

I'm guessing an issue of 25million shares at 65c. Total raising of $16.25 million (Total and complete guesswork..)

 

[rcm617]

Re: MAD - Maverick Drilling & Exploration

Yes, I think this will hurt short term, but will be good for the long term shareprice.
I guess we'll see the details on Monday.

 

[Fantasy09]

Re: MAD - Maverick Drilling & Exploration

Yes, I think this will hurt short term, but will be good for the long term shareprice.
I guess we'll see the details on Monday.

Tuesday morning more likely.

 

[Chasero]

Re: MAD - Maverick Drilling & Exploration

Yes Tuesday. I'm thinking more like 55c...

Will be a few days of madness.. maybe a week. Then sp should slowly settle and with a nice gap down from 70 c

 

[Fantasy09]

Re: MAD - Maverick Drilling & Exploration

Yes Tuesday. I'm thinking more like 55c...

Will be a few days of madness.. maybe a week. Then sp should slowly settle and with a nice gap down from 70 c

MAD could be taking a beating today.

 

[basilio]

Re: MAD - Maverick Drilling & Exploration

The capital raising has been heaviliy oversubscribed. Came in at 30m shares at 60c.

No surprises. More acreage, more drilling rigs, more infrastructure. Depending on how quickly the new rigs start up production and profits should quicken substatntially.

And the SP hasn't gone south It looks as if the ones who missed out on the capital raising have re entered the market. Current price up 5c at 78c !

 

[3134316]

Re: MAD - Maverick Drilling & Exploration

I'm having trouble evaluating the true value and growth potential of mad shares at the moment due to the volatility of it's share price over the last 3 weeks making it hard to judge. I also find it hard to understand such neutral market reactions to great announcements last week like big increases in reserves etc... Any tips for new players in long term stocks who are looking at mad?

The capital raising has been heaviliy oversubscribed. Came in at 30m shares at 60c.

No surprises. More acreage, more drilling rigs, more infrastructure. Depending on how quickly the new rigs start up production and profits should quicken substatntially.

And the SP hasn't gone south It looks as if the ones who missed out on the capital raising have re entered the market. Current price up 5c at 78c !

 

[rcm617]

Re: MAD - Maverick Drilling & Exploration

The capital raising has been heaviliy oversubscribed. Came in at 30m shares at 60c.

No surprises. More acreage, more drilling rigs, more infrastructure. Depending on how quickly the new rigs start up production and profits should quicken substatntially.

And the SP hasn't gone south It looks as if the ones who missed out on the capital raising have re entered the market. Current price up 5c at 78c !

Looking good. I thought there may have been a slight pullback early on, but certainly the CR will be good for them in the longterm. With the amount of reserves and extra acreage, they need to get their finger out with the drilling and the extra cash will certainly allow them to do that.
I guess with the amount of drilling going on in Texas at the moment it will not be easy getting the additional rigs and the skilled labour to man them, so I would think a couple of months before the additional rigs are in use.

 

[Chasero]

Re: MAD - Maverick Drilling & Exploration

Wow, super nice announcmeent and oversubscribed capital raising.

Dang it.. was hoping to get some more MAD shares on the cheap today

 

[tech/a]

Re: MAD - Maverick Drilling & Exploration

Wow, super nice announcmeent and oversubscribed capital raising.

Dang it.. was hoping to get some more MAD shares on the cheap today

I find comments like this amusing.
It implies that MAD is not worth buying now--no longer cheap?
I presume you wont buy any more until below 80c.
Interesting.
Still watching myself but this gives us something to look at re a testing for the high.

 

[Chasero]

Re: MAD - Maverick Drilling & Exploration

Missed out on my entry..

I have strict buy and sell orders... Sell orders @ 81.5.. so no, not going to buy in at a price which is my sell price.

will continue to watch MAD, will be one of the more interesting stocks this month

Might break new highs, who knows.. gl to all LT holders

 

[tech/a]

Re: MAD - Maverick Drilling & Exploration

Missed out on my entry..

I have strict buy and sell orders... Sell orders @ 81.5.. so no, not going to buy in at a price which is my sell price.

will continue to watch MAD, will be one of the more interesting stocks this month

Might break new highs, who knows.. gl to all LT holders

O K
Makes sence.