MEE - Metex Resources
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lots of MEE tooism, the share price is taking the elevator up.
that Incitec MOU has really turned a lot of attention to MEE and with prospects of Incitec becoming larger it's no wonder.
Incitec announcement just out:
Incitec Pivot Limited (ASX: IPL) welcomes the announcement made today by Dyno NobelLimited (ASX: DXL) confirming that Dyno Nobel Shareholders and Dyno Nobel Optionholders approved the schemes of arrangement in connection with Incitec Pivot’s acquisition of Dyno Nobel (Schemes).
Details of the voting at each meeting are set out in Dyno Nobel’s announcements released on ASX earlier today.
A court hearing before the Supreme Court of Victoria for the approval of the Schemes is expected to be held on Friday, 30 May 2008.
If the Court approves the Schemes, it is anticipated that the Implementation Date for the Schemes will be Monday, 16 June 2008.
that Incitec MOU has really turned a lot of attention to MEE and with prospects of Incitec becoming larger it's no wonder.
Incitec announcement just out:
Incitec Pivot Limited (ASX: IPL) welcomes the announcement made today by Dyno NobelLimited (ASX: DXL) confirming that Dyno Nobel Shareholders and Dyno Nobel Optionholders approved the schemes of arrangement in connection with Incitec Pivot’s acquisition of Dyno Nobel (Schemes).
Details of the voting at each meeting are set out in Dyno Nobel’s announcements released on ASX earlier today.
A court hearing before the Supreme Court of Victoria for the approval of the Schemes is expected to be held on Friday, 30 May 2008.
If the Court approves the Schemes, it is anticipated that the Implementation Date for the Schemes will be Monday, 16 June 2008.
Bit slow to start off today, but soon enough the buyers were just lining up, it was like an online version of krispy kreme. On the technical side, I'm wondering how far the sp will keep accelerating upwards, at some point theres consolidation right?
Im obviously looking for another oppertunity to buy more but with every day that i put it off, the sp is just rocketing ahead so fast.
Even without good news, the volume was tiny ( a mere 6 million) but the lack of sellers really pushed the price right up.
Im obviously looking for another oppertunity to buy more but with every day that i put it off, the sp is just rocketing ahead so fast.
Even without good news, the volume was tiny ( a mere 6 million) but the lack of sellers really pushed the price right up.
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mee seems to have set off in hot pursuit of lnc....when they start their trial in september there will be no stopping it imho....also when lnc produces their first barrel of synthetic diesel in a few weeks it will generate publicity which will flow on to mee and cxy...
i have been accummulating since the ipl ann...
has anyone here been looking at glx as well...flying under the radar atm...but also working on a syngas project....hit 10.5 cents today and oppies look good. any thoughts?
cheers
i have been accummulating since the ipl ann...
has anyone here been looking at glx as well...flying under the radar atm...but also working on a syngas project....hit 10.5 cents today and oppies look good. any thoughts?
cheers
My list of ucg companies at the moment is:
LNC, MEE, SXP, CXY, ICN, GLX and BLK
with GLX closing above 10cents at 10.5cents it is sure to come on to people's radars in the following days.
About the only thing that looks able to slow the oil price at the moment is a few ucg projects coming online. Wondering why we weren't doing this gas to liquid business earlier!
LNC, MEE, SXP, CXY, ICN, GLX and BLK
with GLX closing above 10cents at 10.5cents it is sure to come on to people's radars in the following days.
About the only thing that looks able to slow the oil price at the moment is a few ucg projects coming online. Wondering why we weren't doing this gas to liquid business earlier!
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Can't beleive the return on this stock from April 22 (one month ago)...I think its about 237% or so...congrats to all you holders! Unfortunately no one picked it for the tipping comp!
I did actually, just didnt have enough posts to enter....
Sigh. . . . . . . . . ..................
I beat you to it Djay, I entered a few days before you 
In the thread 'May Stock Competition Entries' 3rd May I stated this...
"I wasn't added to the comp either, but I think I am just under the 0.3 posts. Only really started posting in the last month or so. Arrr well, I am still going to pronounce myself the winner when MEE goes up 100%. "
Guess it even outperformed my May expectations.
In the thread 'May Stock Competition Entries' 3rd May I stated this...
"I wasn't added to the comp either, but I think I am just under the 0.3 posts. Only really started posting in the last month or so. Arrr well, I am still going to pronounce myself the winner when MEE goes up 100%. "
Guess it even outperformed my May expectations.
Evangeline,
Yeah, I've been watching GLX for a while and finally got around to putting some money into it this morning. They are looking at UCG as well as the gas to liquids component. Let's hope it starts to do a MEE. Very nice volume starting to happen
Yeah, I've been watching GLX for a while and finally got around to putting some money into it this morning. They are looking at UCG as well as the gas to liquids component. Let's hope it starts to do a MEE. Very nice volume starting to happen
Ah so you did
Goodluck for the tipping comp farout.
Nice gains again today, Kind of makes me want to miss the weekend and go straight to monday. It wasnt too far back, i think last page when we said it would soon break through the 70 cents barrier. This stock exceeds expectations and then just keeps going!
Goodluck for the tipping comp farout.
Nice gains again today, Kind of makes me want to miss the weekend and go straight to monday. It wasnt too far back, i think last page when we said it would soon break through the 70 cents barrier. This stock exceeds expectations and then just keeps going!
given this week's efforts I fully expect we will be testing out the low 60s during next week and possibly dip back in to the 50s for a while until begin to progress.
Possibility of lack of news for a while now.... and no, I haven't sold.
Of course if what I say above proves wrong them we're all laughing.
Possibility of lack of news for a while now.... and no, I haven't sold.
Of course if what I say above proves wrong them we're all laughing.
given this week's efforts I fully expect we will be testing out the low 60s during next week and possibly dip back in to the 50s for a while until begin to progress.
Possibility of lack of news for a while now.... and no, I haven't sold.
Of course if what I say above proves wrong them we're all laughing.
I think just purely on the volumes, current share price, direction of the company, potential and considering current external factors (like the focus on the energy industry at this current point in time). I would say it is highly unlikely you will see the share price do anything but go up at this stage.
Even without the announcements and profit takers, the sp is oversubscribed and buyers are still lining up. If anything, a bad day for the share price would be a 1-2% increase instead of the gains we have currently seen.
I hope your right Djayness.
If anyone of these companies release any positive news they will/should all keep going up, especially with the view and concerns about current oil prices.
At 80c/share today the market cap was very close to Linc Energy if you take into account the shares issued with the recent placement.
Linc Energy will need to move if we are to go any higher. The market is crazy if they think Metex is worth more than Linc at this point in time.
I'm not downramping just stating some facts to support my argument. Unless someone can point out specifically why Metex should be worth more than Linc of course
:.Regardless of the personal circumstances of LNCs management the big upside of Metex is the technology. It is not old technology lumped together with old technology which has just become viable because of recent challenges in the energy sector. It is its new technology that could be a big money earner for this company.
and also owns 10million shares in MMB
http://www.metex.com.au/?page=projects§ion=34
With respect to the Company’s Corporate performance the Company retains a strategic investment of 10 million shares in ASX listed Magma Metals Ltd (ASX:MMB). Magma is actively evaluating a significant new platinum/palladium discovery in Ontario, Canada. The value of this shareholding is approximately $4.5 million at current prices. Over recent years in excess of A$7.5 million has been realised from the sale of listed investments in companies in which Metex has successfully assisted from start-up to public listing.
might be looking at selling off gold assets:
http://www.metex.com.au/?page=projects§ion=62
2008 Gold Development Budget and Program
As a result of the acquisition of the interests in Carbon Energy that it did not already own and the continuing focus on coal gasification in Queensland the Company is currently reviewing its options on how best to maximise the value of its gold interests.
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