Decided to remove my comment - was a little harsh. Go MEE
I'm all for it - let's hear it. I presume you are going to explain why Metex should be valued significantly more p/s at this point in time.
MEE - Metex Resources
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I'm all for it - let's hear it. I presume you are going to explain why Metex should be valued significantly more p/s at this point in time.
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call me stupid, i dont understand much about the tech and how they can use it as their asset.. but lets say their plant is the best success when comparing LNC and MEE.. how easy and profitable would it be for them to i guess lease? their intellectual property to other coal plays that would be looking at this method and assistance to tap their resources???.. i may be looking at this completely the wrong way.. doesnt hurt to ask questions..
call me stupid, i dont understand much about the tech and how they can use it as their asset.. but lets say their plant is the best success when comparing LNC and MEE.. how easy and profitable would it be for them to i guess lease? their intellectual property to other coal plays that would be looking at this method and assistance to tap their resources???.. i may be looking at this completely the wrong way.. doesnt hurt to ask questions..
I have thought the same thing Desolator, it does sound like the cleanest technology amont the ucg companies and one of the reasons I bought in. It would have to be an advantage in a carbon trading scheme but I'm not sure how willing and how economical for other companies it would be to implement the tech if they have to pay Metex for doing so.
P.S. I dont really understand what they do to make it cleaner either.
Refining: the liquid hydrocarbon is filtered and refined to produce the end product fuels: LPG, Naphtha, A1 jetfuel and Diesel.
These end products are essentially free of sulphur, olefins, metals, alcohols and aromatics. GTL liquid fuels are superior to conventional refinery fuels.
Carbon Dioxide?
In regards to Linc, they have formed a Joint Venture (JV) with BioCleanCoal to develop a bioreactor which will convert CO2 into oxygen and solid biomass through a photosynthesis process. The aim is to permanently and safely remove CO2 from Linc Energy’s coal-to-liquids processes thereby preventing it from entering the atmosphere.
BioCleanCoal is a Queensland based biotechnology company that is specialising in the breeding and propagation of useful algae and plant species for the conversion of CO2 to oxygen and biomass. Their sister companies Bio Adapt International and BioFuelGenomics have already established a track record in this field.
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well my impression is that all the small time explorers are out looking for coal, and sometimes the tenements they find arnt "economical" for conventional retrival which means some small companys backs might be to the wall and have to turn to companys like MEE and LNC in the future as the UCG process is ment to be an effective means of getting to these resources simply coz it doesnt have to be dug up. whether that means small partnerships or what not.. better then turning your back on something that could be made viable..soo i guess for some companys it would be either..
1. turn ur back on the deposit
2. develop your own ucg program costing millions(which may not be possible for some.
3. take a lifesaver by taking on the expertise of a company that has already spent the money, done the research, and "hopefully" in the future proven their technology..
once again.. what do i know.. just my thoughts.. if my theory is flawed some1 please fill me in
1. turn ur back on the deposit
2. develop your own ucg program costing millions(which may not be possible for some.
3. take a lifesaver by taking on the expertise of a company that has already spent the money, done the research, and "hopefully" in the future proven their technology..
once again.. what do i know.. just my thoughts.. if my theory is flawed some1 please fill me in
For UCG, scientific modelling suggests that subsidence is not at issue for depths of 200m or more. However most UCG start ups will target depths greater than this to reduce risk of this as it is seen as a major project risk.
In simple terms, because you are burning up the coal underground, there will be a collapse of sorts underground as the coal burns up. But at depths of 200m or more reduces the risk of surface subsidence.
Hence any small explorers for example, would need to have large reserves at depths exceeding 200m to be of interest for UCG. Greater the depth the better the pressure also.
Mee got a good hammering this morning, at one point had lost a little over 11 percent.
bounced back nicely, obviously alot of profit takers but there seems to be an equal amount of interest from traders pouncing on the opportunity to get in.
It has been argued that MEE cannot be possibly worth more than lnc at this point, i guess we will have to see what the market will do. If it does move higher than LNC in worth, that will probably serve to make the share price a little more volatile than it already is IMO.
bounced back nicely, obviously alot of profit takers but there seems to be an equal amount of interest from traders pouncing on the opportunity to get in.
It has been argued that MEE cannot be possibly worth more than lnc at this point, i guess we will have to see what the market will do. If it does move higher than LNC in worth, that will probably serve to make the share price a little more volatile than it already is IMO.
I'd like to know the metrics of how MEE who plan a 10,000 bbl plant can be valued more than Linc who plan a 20,000 bbl plant and have the assets to sell to fund it.
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I'd like to know the metrics of how MEE who plan a 10,000 bbl plant can be valued more than Linc who plan a 20,000 bbl plant and have the assets to sell to fund it.
Jimminy could it be that people look at who is behind mee- like ipl which has a bit going for them at the moment-(just having a guess really)
http://www.metex.com.au/documents/ASX260508.pdf
Thanks
Nick--
I'd like to know the metrics of how MEE who plan a 10,000 bbl plant can be valued more than Linc who plan a 20,000 bbl plant and have the assets to sell to fund it.
Its interesting, because even though mee has confirmed a focus on ucg development, it still holds alot of its other assets currently. Im interested to see what comes out of the AGM as im still a bit adrift of the specifics of the ucg plans metex or carbon energy has for the future.
Plenty of time Djayness,
No use in these stocks getting ahead of themselves. The market will determine what value they should have and for now 80c is the ceiling and I suspect for some time.
But you just never know - I can' actually work out what value the co. should have and hence I'll just stick my stake in the bottom draw and watch it for the next few years as I fully appreciate that there will be other announcements along the way to add additional value including JVs to tap into the CSIRO technology.
But I'm reasonably confident that it is only worth half the value of Lnc at best as it currently stands.
cheers.
No use in these stocks getting ahead of themselves. The market will determine what value they should have and for now 80c is the ceiling and I suspect for some time.
But you just never know - I can' actually work out what value the co. should have and hence I'll just stick my stake in the bottom draw and watch it for the next few years as I fully appreciate that there will be other announcements along the way to add additional value including JVs to tap into the CSIRO technology.
But I'm reasonably confident that it is only worth half the value of Lnc at best as it currently stands.
cheers.
MEE actually have better technology than Linc Energy, and there is no better partner than IPL. IPL are a cornerstone investor and strategic partner to MEE.
They also have heads of agreement with Constellation Energy. Constellation and Metex will form a strategic alliance for ongoing commercial development of UCG projects in Australia. The recent fall in sp is a small retrace, MEE will be over a $1 soon. 1 - 1.20 looks reasonable till the trial starts in August, who knows after that.
They also have heads of agreement with Constellation Energy. Constellation and Metex will form a strategic alliance for ongoing commercial development of UCG projects in Australia. The recent fall in sp is a small retrace, MEE will be over a $1 soon. 1 - 1.20 looks reasonable till the trial starts in August, who knows after that.
But that still puts us at half the market cap of Linc when we will only be producing half of what Linc can and have less assets (i.e. Sapex JV, Emerald coking coal assets, China JV).
If Linc can breakout towards $4.00 then I will begin to move my target towards $1.00. But if sentiment towards UCG wanes in the s-t then, we may head back to 50c.
I don't think we will see a dollar this year, but I hope I am wrong.
Is there going to be a trial burn in august, or will the start of the pilot plant construction begin in August when all moneys and shares are exchanged? In that case we wont see a trial burn until some 10-12 weeks later?
Ps. congrats on your current profit taking.
I'd like to think you are right, but unless there is some exceptional news I can't see this happening .
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yeah...pretty much like watching paint dry so far....i think that when lnc generates some more interest for the sector with it's upcoming demo mee will get some more interest....cxy, glx and mee have all benefitted from lnc's recent rise
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