MPO - Molopo Gas

[nizar]

Oh noez! You've gone to the dark side!

It's amazing what a bunch of rampers can do on HC. Lol! Far better and more reliable plays out there in the same field as this. I hope you are prepared to take profits quickly with this. Although I just had a bit of deja vu where I thought about regretting that statement. Lol!

Looking for a short term play on this myself. But... as with these ramped stocks, the tech gets a ahead of the fundamentals. It's a while off being in the same league as some of the others.

Hope you got some chops.
Breakout 2day.
Hasnt closed at 13c since year 2000.
Volume confirmation is there.
Total sell depth at 15c and below = 4.3mil
Total buy depth at 10c and above = 15mil

Pretty clear where its going

 

[chops_a_must]

Hope you got some chops.
Breakout 2day.
Hasnt closed at 13c since year 2000.
Volume confirmation is there.
Total sell depth at 15c and below = 4.3mil
Total buy depth at 10c and above = 15mil

Pretty clear where its going

No spare money unfortunately. And if i did have, it would be going into NWE right now.

I am very surprised at the speed in which MPO went through that resistance.

 

[nizar]

No spare money unfortunately. And if i did have, it would be going into NWE right now.

I am very surprised at the speed in which MPO went through that resistance.

Bro, i would go for AUZ.
NWE i would wait until it breaks 20c.
Its went to 19/19.5 before then knocked back.

If it was me i would de-risk the trade a bit by waiting for the breakout and in the meantime use the money elsewhere where its working for me not just sitting idle.

But you know your stuff,

 

[chops_a_must]

Bro, i would go for AUZ.
NWE i would wait until it breaks 20c.
Its went to 19/19.5 before then knocked back.

If it was me i would de-risk the trade a bit by waiting for the breakout and in the meantime use the money elsewhere where its working for me not just sitting idle.

But you know your stuff,

It's only on the back of the AED announcement today that I say that. NWE has had its chance to dive... and it hasn't. Range has tightened with lowering volume. Now, all of the uncertainty and downside risk has been taken away, and as all the people who left the stock because it wasn't going anwhere, get back in, it is only going one way. Plus, putting that huge base in at .175-.18 is a big bonus.

I still have absolutely no way to compare MPO to other stocks in the sector. Seems (no pun intended) to be very hard to actually see what value their fields have. All I can see is a reasonable field in China, pretty ordinary one in the US and one in Queensland that is already dropping in production. They have a few JV fields, which are pretty prospective, but they look like they can have their cut further reduced from the way I am reading it. They seems to be further from production and certification than a lot of others as well.

But, the chart looks good... so you never know.

 

[windwalker]

Will continue to hold, price is heading in right direction, just like IDL, feel there is a way to go yet for both of them

 

[nizar]

Will continue to hold, price is heading in right direction, just like IDL, feel there is a way to go yet for both of them

MPO hasnt closed at 14.5c since 1996.
Thats a pretty signifcant breakout if iv ever seen one!
Looking forward to this week and beyond

 

[nizar]

Today was what i was waiting for. A chance to top up.
Bounced off 14.5c and never closed below it.
Held the support from the previous pullback nicely.
Then today white candle and a tail to confirm the support is there.
I reckon 2mrw a breakaway white candle on volume to start the next run.
I'll be buying the opening price 2mrw (i suspect 15.5c).
IMO...

 

[chops_a_must]

Today was what i was waiting for. A chance to top up.
Bounced off 14.5c and never closed below it.
Held the support from the previous pullback nicely.
Then today white candle and a tail to confirm the support is there.
I reckon 2mrw a breakaway white candle on volume to start the next run.
I'll be buying the opening price 2mrw (i suspect 15.5c).
IMO...

I agree Niz.

The fibs look rather nice (been mucking around with them tonight). Bounced off the 38.2% retracement level of the recent run today. The extensensions seem to be bunched at about 20c. So it will be interesting to see where it heads. A couple of these gas companies look like they are about to go nuts. QGC and AOE to name a few...

Cheers,
Chops.

 

[SGB]

MPO hasnt closed at 14.5c since 1996.
Thats a pretty signifcant breakout if iv ever seen one!
Looking forward to this week and beyond

May have finally broken 7 year drought.
Check the 30 point S/R lines.

(p.s-- I do not work for HUBB )

SGB

 

[SGB]

I agree Niz.

The fibs look rather nice (been mucking around with them tonight). Bounced off the 38.2% retracement level of the recent run today. The extensensions seem to be bunched at about 20c. So it will be interesting to see where it heads. A couple of these gas companies look like they are about to go nuts. QGC and AOE to name a few...

Cheers,
Chops.

Hi Chops
MPO going nuts today and volume continually increasing. Its actually covered its May 8th highs
Nice T/A signs
Cheers

 

[BIG BWACULL]

Hi Chops
MPO going nuts today and volume continually increasing. Its actually covered its May 8th highs
Nice T/A signs
Cheers

You can say that again fifteen million and cracked nineteen cents buyers building at 18.5c (had to spell numbers to make a hundred characters)

 

[sting]

going up an still going up..... where will it stop today I hope it will stay above 20 cents..any comments???

SEMPER UBI SUB UBI

 

[BIG BWACULL]

Announcement out about higher then expected gas in china, 30 million shares through at 20c sorry make that 20.5c 20% increase

 

[Caliente]

yup - this one is going ballistic. The true leverage lies in the options - trading at close to 2 cent discount to the heads.

 

[Brissydave]

The discount is closing up ... now less than a cent .. but still worth while for the doubled exposure ... just be aware of the expiry date being close.

Cheers ... dave

 

[Caliente]

A HC post by a well respected
//
(i always need to add this disclaimer as 90% of posters on HC are rampers or mentally retarded)
//
member, trade4profit that explains a few things about todays announcement. Note: this ann is not officially 1P nor will it be until certification of reserves.

Post starts here

"Yes, I read it as 1P...but even 2P at this stage would be good.

150bcf net to MPO = 160Pj

In China...50-75% higher prices suggests more than double the profit margins per mmcf sold than here in Australia...in effect this equates 160Pj in China to say 320Pj here in Australia...only difference is your cap ex is about half to get the same overall cash flows...or alternatively, the same level of investment reaps twice the returns!

So, with 160PJ of P1? in China alone, this is almost double AOE's current total P1 reserve of 86PJ

Admittedly, with a market cap of $1.1b AOE is much further down the development/producer path than MPO...but clearly, with these sorts of numbers already, MPO holds infinately more potential now than AOE ever did when they were at the same stage.

Clearly, the MPO business model is looking at similar if not higher market cap targets down the track...not tomorrow...lol...but one day?

Of further interest to me not mentioned in today's announcement...the two cored holes currently de-watering were drilled beyond the previously defined reserve upgrade, so arguably, we already have an upgrade possible on the reserves released today?

People should not underestimate today's announcement...it is if of a fundamentally important nauture and is of the type many larger players would have been waiting on before moving heavy money in!

We saw at least 3 half million dollar lines go through today...and numerous $200k+ lines go through...the vast majority of which were all at-market buys. Certainly the larget three single orders for the day were all at-market buys in the 19.5, 20 and 20.5c ranges."

POST ENDS

Just to add a few comments. We all like undervalued companies, but my key deciding factor is solid management, and this one is fitting the bill.

- Molopo have three brilliant ex-BHP CBM team members with a complementary set of skills (1 drill manager, 1 geo, 1 CEO)


- This is only one of Molopos many projects. Molopo is producing/developing and exploring all over the world including QLD/NSW/South Africa/USA. So plenty of completely unconsidered extra upside potential.

- China. high demand, higher prices, low sovereign risk (read: not in Puntland!!!) and partnered with an experienced major.

Molopo is currently a proven explorer/junior producer/junior developer.

- At the risk of sounding like a ramp, I feelt that as LiuLin (Chinese project) moves ahead, we will see a massive rerating of this stock over the next 6-9 months.

Apart from the usual natural disaster/sovereign risk/company lies potential I also see very little in the way of downside risk, apart from trading fluctuations.

As always, I'd like to invite all constructive criticism to my claim.

edit - look to options, MPOOA (exercise 10c) for continuing value+leverage.

It is pretty safe to assume you will get at least a 1 to 1.5 cent discount at all times with the MPOOA, plus 2x leverage.

Cheers
-Cali

 

[chris1983]

My dad holds Molopo and I also saw them at 3 cents when the BHP expert came in. Too bad I didnt take my own gut feelings and buy in. I must say I don't find T4P respected. I have questioned him before and he hates confrontation and other views. Wouldnt even answer my questions on GDN because he knew he was wrong. This was at a stage when he was trying to ramp up their new uranium assets.

T4P fails to recognise all of AOE's further land holdings. Their reserves are such a small portion of their current land holdings in Australia.

What about the huge farm-in deals announced by EIG and Gail is on the way? T4P is a joke. He doesnt mention any of Arrows international assets such as 6 projects in India, 4 each in China and Indonesia, 2 in Vietnam.

Molopo are definately a good stock and I hope they keep running as my Dad has an interest but when T4P starts his comparisons I just shake my head and wonder.

 

[chris1983]

He also fails to mention their 2p and 3p reserves. cough cough. I really wonder with the supposedly almighty T4P at times.

 

[Caliente]

hi chris - didn't realise AOE has such a big 2P/3P base as well. Given time, we'll see the same with MPO - they've got a lot of cracks to frac!

re: T4P thats why I always add a disclaimer to all HC posts for the ASF faithful.

But I do find that despite shortcomings I get a lot of useful information from his work, and as such hold him in high regard.

 

[nizar]

T4P has a large following over at HC.

I dont see anything wrong with what he does. Buy a stock. Do some research, And make it a winner by ramping it to 70,000 members.

Sounds like a plan.

Good on him, he probably cleans up from this strategy.

As for MPO, this stock is a winner. Im very happy to have doubled my position when it pulled back at 15.5c last week.