MAY - Melbana Energy

[nomore4s]

Re: MEO - Methanol Australia

Thread is very quiet, considering MEO closed up 24% today, maybe everyone is too busy on the BNB thread:.

Very strong move today considering the rest of the market, tomorrow will be interesting to see if the move up can continue.

Would be expecting a speeding ticket at some stage tomorrow considering the volume and gains of the last few days.

 

[El Usuar]

Re: MEO - Methanol Australia

I sold out in the mid-fifties today. The sharp rise and fall on Wednesday seemed a little contrived and had me worried. The strength of the afternoon action drew me back in. There must be something up; substance to rumours or insto buying? Any ideas?

 

[1trader]

Re: MEO - Methanol Australia

This is truly a speculative stock.With large swings in volatility. Frankly MEO do not have anything substantial yet, given the valuations by Tolurst.. Does anyone know how much it costs to drill a oil.gas rig, given that they missed the first time .. Not hundreds of thousands of dollars, it costs millions! Frankly this a high risk stock, in a very difficult market

 

[El Usuar]

Re: MEO - Methanol Australia

Granted. And given that there is nothing immediately forthcoming from the company, why such volatility?

I do have another question (and please excuse my ignorance on this I have only been following MEO over the past month or so) but since Tolhurst were partial underwriters for the $1.25 issue doesn't that potentially undermine the value of their recent analysis (and the $1.98 valuation)?

I continue to hold (and do have faith) in MEO.

 

[kervz]

Re: MEO - Methanol Australia

Will be interesting to see where MEO heads from here, trend is still upwards I think.

Interesting article here, about the new MEO CEO, very expereinced, but seems like he was working for tollhurst broking firm before taking up the job at MEO, could just be conincidence and might have nothing to do with the Tollhurst report.

http://www.oilvoice.com/n/MEO_Australia_Appoints_New_CEO/f0495a5c.aspx

 

[mark t.c.]

Re: MEO - Methanol Australia

And now not only the Dutch, but also the Germans are involved. Der Deutsche Bank und die deutsche grundlichkeit. And the next goal is 70 cents.

 

[jayinoz]

Re: MEO - Methanol Australia

I feel until Meo comes out with some more info in regards to its associated projects and target updates this stock will continue to vary btw 40-70 cents.

Worth a punt below 50c. I bought in below 50 c 3 times now & sold in mid 50s, this been my best earner this year. Yet I feel I pushing my luck as time drags on to hear some more information from Meo management. If hear no more updates this month we will drop back to 20s at a guess.

If you look back at Meo history everytime they needed a boost in share price they have employed the brokers to give a valuation that is based on actual high production. This is not taking place and still in the dream stage for Meo.... No real basis for the $1.98. Worth a punt if have excess cash or u pushing ur luck as daytradder. They tried + failed b4....

 

[jayinoz]

Re: MEO - Methanol Australia

Should be a good mover today as the dutch bank purchased 21 mil shares announced today... yet they purchased 12\6. Worth a couple of bucks again if can get below .5 at open. Yet no real progress info out yet.

 

[mark t.c.]

Re: MEO - Methanol Australia

: Meo is becomming popular in europe. There is really something going on. And you alays have a downtrend as news stays out. So time to buy.

 

[pmunny]

Re: MEO - Methanol Australia

anyone care to speculate on the trading halt??
sold out a couple of weeks ago, maybe I should have sat tight.....

 

[mark t.c.]

Re: MEO - Methanol Australia

Australian minnow MEO is poised to make a significant market announcement relating to a farm-in for its Carnarvon permits and NT/P68 licence after calling for a trading halt today.

The outfit said it will make an announcement before trading kicks-off again on Friday.

In May, MEO said it was planning to farm-out a stake in exploration licence NT/P68 to help fund further appraisal drilling, leading to the eventual development of a methanol project and possibly a liquefied natural gas project.

In the Carnarvon basin, MEO holds the WA-361-P, 60-P and 61-P licences.

According to MEO, the 1200 square kilometre WA-361-P licence, which lies next to the Goodwin and Rankin fields has advanced commercialisation options for gas, including a 2.5 to 3 million tonne per annum floating liquefied natural gas plant.

 

[Lucky_Country]

Re: MEO - Methanol Australia

Looking forward to seeing what really is going on can only be good imo.
Will it be a cash payment or a takeover how much is the acerage worth ?

 

[Lucky_Country]

Re: MEO - Methanol Australia

Well whos read the announcement looks like a great deal for MEO a company maker even.
RDI proving funding for development and drilling MEO just takes the profit big day tommorrow !

 

[nomore4s]

Re: MEO - Methanol Australia

There now looks to be quite heavy resistance at the 60-65c level. It appears to me that there will be some more work required before we get a jump across this resistance. Price could range for a while between 40-60c.

Fridays bar is quite negative (short term) - annoucement out, highish volume but a complete rejection of the resistance at that 60c level and a very weak close while the general market was quite strong.

I sold one of my parcels at 58c, to lock in some profits but still hold some. And will now look to buy more if 40c holds but will exit all positions on a close below 40c.

 

[jayinoz]

Re: MEO - Methanol Australia

MEO has been a very volitile stock for sometime. Been a good day trade yet it just as likely to trigger your stop loss than meet your target. They need some real results to prove that they will be an earner in the future to increase. Or a takeover, etc. There was a big page article about the company in the Age a couple days ago.

This may cause some interest tomorrow.

 

[mapna]

Re: MEO - Methanol Australia

Wonder why the QLD Billionaire bought 21mil shares at $.55/share and its SP dropped to $.40 on Friday??? If the company isn't that good that he would not pay for that price ????

Is it because of the bearish movement of the global market dragged down MEO and others alike ???

 

[mark t.c.]

Re: MEO - Methanol Australia

I guess he bought it because he knows the stocks will soon rise to over 1 ASD. But believe me, even then he won't sell, because the current value of MEO is much more and the future value (2012-2014) is much much much more.

 

[doogle]

Re: MEO - Methanol Australia

I guess he bought it because he knows the stocks will soon rise to over 1 ASD. But believe me, even then he won't sell, because the current value of MEO is much more and the future value (2012-2014) is much much much more.

Wow is this a ramp up or what...long way to go on this but I am holding.

RDI is what all MEO holders need to research.

 

[doogle]

Re: MEO - Methanol Australia

Wow is this a ramp up or what...long way to go on this but I am holding.

RDI is what all MEO holders need to research.

...oh yeah and ARH too it seems. Anyone know what I am talking about? ......anyone out there?..............(damn this 100 character limit)

 

[mark t.c.]

Re: MEO - Methanol Australia

...oh yeah and ARH too it seems. Anyone know what I am talking about? ......anyone out there?..............(damn this 100 character limit)

Yes ............................you're talking about a new multi billion dollar energy company......................... focused on the exploding chinese market with his enormes hunger for energy.