MAY - Melbana Energy

[Putty7]

Re: MEO - Methanol Australia

After the Dows result Friday night it will be interesting to see where MEO go tomorrow, predicting down but won't commit to any moves either way until before or just after open. My gut feeling is that the announcement will be on the later side especially if we start with a down week, if I was one of the directors trying to get my share package ratified at the AGM I would prefer to be riding the crest of the wave rather than be kicking around in the white water after the wave has broken, I could be wrong but if no announcement is forthcoming we could have some more fun and games this week with resistance levels being tested once again. Picked up a few more Friday unfortunately, sitting on 150,000 at .54c av.

 

[Putty7]

Re: MEO - Methanol Australia

Was loaded up this morning on the sellers side again but has shown good resistance above 50c, bought another 50,000 at .525c, will sit on them now until a result regardless of SP movements, good luck to all holding.

 

[swm79]

Re: MEO - Methanol Australia

Another triangle formation here... just like the previous one on the run up from the 60s to the 80s... lower highs and higher lows on decending volume

just a question on whether the DOW is going to hold up leading into the announcemnt.... which could come at any moment.

woudlnt be surprised if it was wednesday morning.

 

[fureien]

Re: MEO - Methanol Australia

Hi guys, ive been watching the movement of this stock lately without actually researching anything about it. well i just did a quick glance. Theres supposed to be some announcement pending on the 18th? is this regarding a patent or something? and whats this relation between MEO and Lakes oil? I hold some shares in lakes bought in at 10c, are the two companies related?

Ive put a buy order in of 10k shares at 52c hope it gets processed. I dont have as much equity as u do Putty lol

 

[swm79]

Re: MEO - Methanol Australia

Hi guys, ive been watching the movement of this stock lately without actually researching anything about it. well i just did a quick glance. Theres supposed to be some announcement pending on the 18th? is this regarding a patent or something? and whats this relation between MEO and Lakes oil? I hold some shares in lakes bought in at 10c, are the two companies related?

Ive put a buy order in of 10k shares at 52c hope it gets processed. I dont have as much equity as u do Putty lol

MEO owns the rights to WA 360 (artemis)... nextdoor (i.e. a stones throw) to Pluto (WPL) and Wheatstone (Chevron, Exxon & Shell)

they have held talks with a number of potential farm in partners and will be selecting one in the next week or so... i.e. before the AGM at the 18th Nov

i dont know of any connection between LKO and MEO

maybe you should do some research before you part with your $10k?... dont get me wrong, i'm on MEO... but you're laying down $10k on something you dont know anything about?

 

[Putty7]

Re: MEO - Methanol Australia

I am inclined to mirror SWM's thoughts, do some research before you invest, as far as I know LKO and MEO have no relationship, I probably shouldn't have mentioned LKO in this thread but it interacted with my timing of buying and selling of MEO, nothing more. As to the capital, I have taken a risk that I think will pay off, not the first time I have been wrong so please do not act on my example, do your own research, with a market that is looking shakey anything can happen over the next few weeks.

 

[swm79]

Re: MEO - Methanol Australia

ok, we're back after melb cup...

because now we'll be uniterrupted for the rest of the week i'm going to make my prediction AGAIN (fingers crossed this time)

Today is probably the last day to get MEO for a cheap price... sometime today we'll probably get the announcement coming through and maybe even a trading halt.

It looks like the tree shaker who was shorting has bought back and made their profit so we should be in the drivers seat from here on in.

Good luck to all the holders - once the announcement comes out we should be looking at the sp moving straight north.

 

[Putty7]

Re: MEO - Methanol Australia

Its always a risk and doubts start to enter while waiting for an announcement but I wouldn't worry to much, the announcement will happen within 2 weeks now and we will have a result, the Dow looks like it had choppy trading again last night so shouldn't be a lot of messing around as it seems to be keeping its end of the bargin up, oil is up slightly to at the moment so we have some good signs, well better than what they could have been at this time of the week lol.

 

[Nyden]

Re: MEO - Methanol Australia

ok, we're back after melb cup...

because now we'll be uniterrupted for the rest of the week i'm going to make my prediction AGAIN (fingers crossed this time)

Today is probably the last day to get MEO for a cheap price... sometime today we'll probably get the announcement coming through and maybe even a trading halt.

It looks like the tree shaker who was shorting has bought back and made their profit so we should be in the drivers seat from here on in.

Good luck to all the holders - once the announcement comes out we should be looking at the sp moving straight north.

Ah, how nice to see the spruiking starting again. Come on, the last day to get it cheap? That is blatant ramping.

 

[skc]

Re: MEO - Methanol Australia

Its always a risk and doubts start to enter while waiting for an announcement but I wouldn't worry to much, the announcement will happen within 2 weeks now and we will have a result, the Dow looks like it had choppy trading again last night so shouldn't be a lot of messing around as it seems to be keeping its end of the bargin up, oil is up slightly to at the moment so we have some good signs, well better than what they could have been at this time of the week lol.

What is your contingency plan B if the announcement is delayed or not the positive news that you are hoping to hear?

 

[Nyden]

Re: MEO - Methanol Australia

What is your contingency plan B if the announcement is delayed or not the positive news that you are hoping to hear?

Oh, there is no plan skc. There can be no doubt that the news is going to be spectacular, and that all MEO holders are going to quadrupole their money on the gap up.

 

[Putty7]

Re: MEO - Methanol Australia

Hi SKC, not sure at the moment, my av. is .536c, I have other companies I am interested in before the end of the year so I'm not looking long term for these, it's a quick in and out play and will depend on the strength of the announcement, a poor response to the announcement and I will probably bail as IMHO they will either run or they won't, there's no guarantees with the stock market behaving like it is at the moment. If it does fall to far past my av. I would not be keen to lose a big percentage dollar wise so would probably have to hold even though it is not in my plans, they do have more coming up with the Tassie Atoll plant and drilling but I would prefer to get back in closer to these events if the SP was right, rather than be caught holding while other opportunities slipped by.

I took time off work to trade so that I could expose myself to more risk while being able to monitor it more closely, if I was still working I would not be holding so many and would be spread out a lot more through the market.

I do apologise if I seem to comment a lot on these, but my interest is there at the moment so I follow the thread.

I lost a bundle getting caught up with Admiralty earlier in the year in my biggest rookie mistake to date buying at the top of the SP so because I am biased against them I don't comment in that thread as my sour grapes view towards them detracts from anything constructive others might have to say, just the way I think.

 

[skyQuake]

Re: MEO - Methanol Australia

Think i might put a buy in at 48, catching the stops dump when it breaks the trendline
At worst I won't get filled

 

[swm79]

Re: MEO - Methanol Australia

Ah, how nice to see the spruiking starting again. Come on, the last day to get it cheap? That is blatant ramping.

i'm probably guilty of a bit of ramping there i must admit... appologies... maybe the cup has got to me!

maybe if i had worded differently and provided you with a chart explaining how 52c is a major line of resitance dating back to Jun 08 and that the triangle formation that the price is currently trading in, has provided us with a significant change in the SP on prior occasions... MEO reacts to triangles very well... as can be seen in the recent run from 60c to 80c

THEN it might have seemed less like spruiking and more like "detailed technical analysis"

maybe i should have let the chart ramp for me

 

[swm79]

Re: MEO - Methanol Australia

Think i might put a buy in at 48, catching the stops dump when it breaks the trendline
At worst I won't get filled

if you had have been there a week ago you would have been able to do it very VERY successfully...

or was that you???

 

[Nyden]

Re: MEO - Methanol Australia

i'm probably guilty of a bit of ramping there i must admit... appologies... maybe the cup has got to me!

maybe if i had worded differently and provided you with a chart explaining how 52c is a major line of resitance dating back to Jun 08 and that the triangle formation that the price is currently trading in, has provided us with a significant change in the SP on prior occasions... MEO reacts to triangles very well... as can be seen in the recent run from 60c to 80c

THEN it might have seemed less like spruiking and more like "detailed technical analysis"

maybe i should have let the chart ramp for me

It was more the term of 'cheap' that irked me. You cannot say that this stock is cheap, nor can it be stated that it's expensive. A good piece of news will mean that it was in fact cheap; but bad news could see this, and any other stock crash and burn.

It's fairly priced for the fundamentals of the day, as are most, if not all other stocks. The market isn't wrong in its valuations, and if the upcoming news was guaranteed to be fantastic, then it would already be priced in, and a higher price would have already been reflective of that. See?

 

[skyQuake]

Re: MEO - Methanol Australia

if you had have been there a week ago you would have been able to do it very VERY successfully...

or was that you???

Never reached 48, so there would be stops around that area.Depending on how (and if) it breaks, that could spell the swing lows.

 

[swm79]

Re: MEO - Methanol Australia

It was more the term of 'cheap' that irked me. You cannot say that this stock is cheap, nor can it be stated that it's expensive. A good piece of news will mean that it was in fact cheap; but bad news could see this, and any other stock crash and burn.

It's fairly priced for the fundamentals of the day, as are most, if not all other stocks. The market isn't wrong in its valuations, and if the upcoming news was guaranteed to be fantastic, then it would already be priced in, and a higher price would have already been reflective of that. See?

Granted, i shouldnt have used the word "cheap"... that was very very foolish.

but to say a stock is fairly priced on any given day is very naiive

how do you explain changes in SP's on NO news? everything is still the same and yet the price can go up or down on a whim.... SP flows on peoples expectations + true value

 

[swm79]

Re: MEO - Methanol Australia

Never reached 48, so there would be stops around that area.Depending on how (and if) it breaks, that could spell the swing lows.

49 was pretty close though. so you'd be right in hitting at 48... if you're assuming 2%... prob is, if the news ISN'T good, you could be left having that filled... and if that was the case i'd say it would be a pretty dramatic drop

 

[Nyden]

Re: MEO - Methanol Australia

Granted, i shouldnt have used the word "cheap"... that was very very foolish.

but to say a stock is fairly priced on any given day is very naiive

how do you explain changes in SP's on NO news? everything is still the same and yet the price can go up or down on a whim.... SP flows on peoples expectations + true value

Expectations are everything. Risk is a fundamental, and the future of the entire economy is still somewhat uncertain. This will weigh on any share price. An indicator that the economy is recovering, leads to the idea of less risk. Whilst, on the flip side - an indicator that perhaps the economy is not recovering, leads to an increased risk.

Risk will always be built into the price of any investment, and risk is a fundamental.

After all, nobody wants to be the last to leave the party.