MAY - Melbana Energy

[Lucky_Country]

Re: MEO - Methanol Australia

Not sure the rumours about WPL takeover were true but does make sense with MEO acerage.
$2 Per share valuation put on MEO may explain some of the volume over the last few days and a good rise in the SP must now be expected.

 

[Lucky_Country]

Re: MEO - Methanol Australia

I see MEO getting a mention on inside buisness today.
Marcus Padley mentioning a rumour of a bid from WPL that should give the shareprice a nice little run.
Maybe the Tolhurst report was a way of MEO stating their fair value for the company.
$1.98 sounds good to me !

 

[YOUNG_TRADER]

Re: MEO - Methanol Australia

running nicely today, still no clarification of those WPL rumours (sounds like a load of bollocks to me) but would love to be proven wrong

was a no brainer trade really in the low 40's given the Tollhurst report

 

[Lucky_Country]

Re: MEO - Methanol Australia

Was definately an undervalued company even without the WPL rumour.
I look at the CSG companies and their valuations are massive compared with MEOs capitalisation.

 

[tradingbull]

Re: MEO - Methanol Australia

Hi, If you look at meo's latest report on pge. 2 it says their risk value ( all risks taken into account ) is $1.98......... however their unrisked value ( not all risks taken into acc. ) is , wait for it........$12.18 , yes thats right $12 dollars & eighteen cents....... Plenty more to unfold here guys , large players are hungry for gas & meo has some of the best acerage in the world with proven resources......

Huge weeks ahead.....

 

[trillionaire#1]

Re: MEO - Methanol Australia

Great to see MEO on an uptrend thats so far holding.i bought earlier this year for
35cents and held against common sense as it slid to 23 cents.
wow a prediction of $12SP unrisked,beautiful ive never been to hawaii:bowser:

 

[Lucky_Country]

Re: MEO - Methanol Australia

Well I may sell @ $12 a share if the rumour comes true and an offer is made.
Its not an unrealistic valuation given the current climate prices paid for acerages MEO have and the work already done by the company.

 

[YOUNG_TRADER]

Re: MEO - Methanol Australia

This is a trade for me, hope you guys make a ton but I will not be in it for those heady figures if it ever gets there,

Will take it each day at a time

But must admit that the Tollhurst report did tickle me

 

[nomore4s]

Re: MEO - Methanol Australia

The TA is looking positive atm as well.

Has a very nice base to build from, with what appears to be accumulation and we now seem to have confirmation of that acc showing itself.

I would now be anticipating a continued move up (hopefully) to around 65-70c before some consolidation between 50-70c (last point of support), this of course depends on how many weak hands are out there, prices may just shoot higher before we see any consolidation, re-accumulation or more unlikely(atm) distribution.

For a similiar chart to this and for some idea of what I'm going on about refer to post 20 & the CEY chart in the Wyckoff thread.

I hold, and will look to buy more on a confirmed LPS.

 

[doogle]

Re: MEO - Methanol Australia

I am a big believer in MEO...have been patient like some of you, waiting out the drops and rises, maybe this time we are going to see a big jump.

What we need is a damn good discovery or two from the gas fields and not speculative investment...I am counting on some big announcements to really bed down some gains.

 

[YOUNG_TRADER]

Re: MEO - Methanol Australia

Well let it run for a bit and missed the peak as it fell back,

Still scalped a nice trade on MEO,

good luck to all those still holding fundies are great but as I said twas just a trade for me

 

[Lucky_Country]

Re: MEO - Methanol Australia

Needs to find a base for the next leg up.
Big volume to big for daytraders so I feel some kind of news maybe coming.

 

[Romeo75]

Re: MEO - Methanol Australia

Looks like many were buying the rumour of a WPL takeover and dumped when no news came in. I'm guilty of buying into the hype & jumped in at 0.575 Just hoping there is merit in Tollhurst's valuation of $1.98.

 

[Lucky_Country]

Re: MEO - Methanol Australia

WPL was just a bonus to the shareprice but MEO was undervalued as the Tolhurst valuation said.
Im looking forward to a great ride with MEO over the next few years there is more value in it than as a takeover imo.

 

[mark t.c.]

Re: MEO - Methanol Australia

And three weeks ago some dutch investors bought lots of shares, and they are planning to buy more next week. That could be interesting.

 

[Lucky_Country]

Re: MEO - Methanol Australia

And three weeks ago some dutch investors bought lots of shares, and they are planning to buy more next week. That could be interesting.

Dutch investors ?
How do you know a group of Dutchmen has bought some shares and they are going to buy more are you their broker ?

 

[mark t.c.]

Re: MEO - Methanol Australia

Dutch investors ?
How do you know a group of Dutchmen has bought some shares and they are going to buy more are you their broker ?

No i'm not their broker. One of the investors asked me to invest too, so from that time i got interested in the company MEO, and i must said it's an interesting company which is very undervalued at this time.

 

[Lucky_Country]

Re: MEO - Methanol Australia

Just a strange scenario you have there.
Investors buy every week so whats so special about these Dutch investors ?
Not a bad post for you first post gets the mind racing.

 

[nomore4s]

Re: MEO - Methanol Australia

While the sp dropped back a little further than I would have liked some positive signs for MEO today imo, support looks to have showed itself today, need some sort of follow through though.

40c is the critical level for me atm, a close under that and I would be looking to exit my positions for the moment. It could depend alot on overseas markets over the next few days. We will see.

Purchased more at 42.5c today.

 

[nomore4s]

Re: MEO - Methanol Australia

While the sp dropped back a little further than I would have liked some positive signs for MEO today imo, support looks to have showed itself today, need some sort of follow through though.

40c is the critical level for me atm, a close under that and I would be looking to exit my positions for the moment. It could depend alot on overseas markets over the next few days. We will see.

Purchased more at 42.5c today.

Well we got some follow through today

Bit surprised the thread was so quiet today, MEO was up over 25% at one stage today.

But a very weak close, and being on high volume its not a very good sign imo.

We will have to see what the response is in the next few days. I'm still looking for 40c to provide support.

Had a chart but I am having trouble attaching them atm.