MEE - Metex Resources
- Thread starter bigdog
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christ, how far can this thing go? i would be expecting some consolidation happening or something =o 60c anyone?
There apparently still seems to be a few hurdles for MEE, LNC and CXY to jump regarding the enviromental issues of UCG. It seems a fine line between UCG contaminating the underground water table. Has anyone heard of any previous enviromental studies like the successful trial burn back in 1999-2002 with Dr Len Walker and team?
Littlemak: No studies with the latest Mee technology, but I would hope it is at least the equal if not better than other technologies.
Cxy is teaming with Exgo, which is experienced and has reduced envionmental impact. A link is below and you can research from there.
http://www.ergoexergy.com/eucg.htm
good business article in the Courier Mail (Qld) today - full page article with Dennis Kruger (Linc site manager at Capowie). Article focused on Syngas.
Article also included a number of paragraphs on MEE and Cougar. It is not on the website, you will need to access the paper it self unless one of the Qlder's want to scan it??
J.
Article also included a number of paragraphs on MEE and Cougar. It is not on the website, you will need to access the paper it self unless one of the Qlder's want to scan it??
J.
With regards to environmental impact...
An underground coal seam has been on-fire for over 5,000 years in Australia at Burning Mountain in NSW. This is what happens when an oxygen supply reaching a coal seam face is unregulated.
Fortunately, UCG studies have demonstrated that they can regulate the oxygen supply in such a manner that they can turn the burning coal on or off.
An underground coal seam has been on-fire for over 5,000 years in Australia at Burning Mountain in NSW. This is what happens when an oxygen supply reaching a coal seam face is unregulated.
Fortunately, UCG studies have demonstrated that they can regulate the oxygen supply in such a manner that they can turn the burning coal on or off.
Todays Linc coverage:
http://www.lincenergy.com.au/pdf/coverage-63.pdf
Thanks for the ergo link james99.
http://www.lincenergy.com.au/pdf/coverage-63.pdf
Thanks for the ergo link james99.
no need, Linc have uploaded it on their website already - good on ya Deb!!
http://www.lincenergy.com.au/pdf/coverage-63.pdf
Thanks for the info farout. I just checked it out on google. Very interesting.
I might have to make a trip out to visit the mountain and historic sites with the family. It says it moves about a metre each year and has moved 150m since 1828.
So the Aboriginals were way ahead of us and the first to use UCG for cooking and heating some 5500 years ago:
I might have to make a trip out to visit the mountain and historic sites with the family. It says it moves about a metre each year and has moved 150m since 1828.
So the Aboriginals were way ahead of us and the first to use UCG for cooking and heating some 5500 years ago
:farout
I thought it was interesting that, although largely a Linc article, they promoted Metex extremely well. If I was a layman looking at that article with no prior UCG knowledge, I would be buying Metex from what they said. The graph showing Metex with the smaller gains since January just topped it off.
I thought it was interesting that, although largely a Linc article, they promoted Metex extremely well. If I was a layman looking at that article with no prior UCG knowledge, I would be buying Metex from what they said. The graph showing Metex with the smaller gains since January just topped it off.
Looks like MEE is slowing a bit, once the market gets use to new highs, maybe stay around the .575 mark for a while before shooting up to 60.
CXY and LNC have been pretty limp lately, I cant help but feel that a constant stream of good news and progress would help them immensely. There are alot who are just waiting for UCG to become commercially viable and once these companies do that (MEE, LNC and CXY) then we can really see the share price move.
CXY and LNC have been pretty limp lately, I cant help but feel that a constant stream of good news and progress would help them immensely. There are alot who are just waiting for UCG to become commercially viable and once these companies do that (MEE, LNC and CXY) then we can really see the share price move.
Yeah the general market is very slow today, I think MEE has done pretty well considering. I just sold another small parcel at 57.5c. Like unit, I'm now putting the remainder in the bottom drawer for 12 months.
But right now... I'm off to buy a Honda S2000. Weeeeeee!
Gotta occasionally have some fun with your profits.
But right now... I'm off to buy a Honda S2000. Weeeeeee!
Gotta occasionally have some fun with your profits.
springhill
Make the drill work for YOU
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Personally i dont see this happening LittleMak, not one of these shares made available in the share placement will be sold on the market.... so basically it will still be the same number of shares in actual circulation. Those placement shares will be put away for some time to come. As for a pullback i am uncertain on that one MEE performed strongly on a weak day today, UGC seems to be in vogue ATM, IMO unlikely to see MEE shares sub 50 cents. I stand to be corrected, thoughts anyone?
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To be honest I cant believe how little interest this stock has generated on the forums... What's more interesting is the tiny number of sellers before open this morning... ie very few day traders... yet this stock is rising at a steady rate... I think people are accumulating and holding on to this puppy... And probably for good reasons...
Yeah, I totally agree sharemunger. I've certainly done my fair share of promoting the stock here. It should show up on peoples' radar when the stock has broken the magical $1 down the track. That is when everyone will be saying, 'if only I got in earlier'. I'm forever hearing these stories about QGC & Linc... Metex will be next.
Well my thought is that that is a very loose thought.
C'mon - you do not know who bought in the recent placement. There is every chance some have already been offloaded for a tidy profit.
Incitec won't sell there lot obviously - but the recent placement, unlikely that there won't be some sellers.
As people begin to talk about a pullback it will be self-fulfilling.
In saying that I will be like Incitec.
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