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MEE - Metex Resources

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some big volume been going through this afternoon on this stock.:eek:

This is running with Linc for sure.

Be interesting to see where this ends in another month. Good luck to all holders:)
 
Jimminy said:
I can't actually work out what value the co. should have
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Well this recent report from BBY on Linc Energy sure helps.

http://www.lincenergy.com.au/pdf/analyst-13.pdf

The DCF valuation on page 3 of this report is very eye opening.

They have assumed a long term bbl price of US$65 as a conservative price to reach a 12mth target of 3.54. However the DCF chart assumes other variable i.e. higher bbl prices, lower WACC as risk decreases.

I'm not going to make any predictions on Metex but suffice to say I think holders might be doing plenty of this in the short, medium and long term.....:alcohol:

cheers.:cool:
 
if the Petronas/ STO deal values $3.93 per gig - does anyone know what this would mean to MEE reserves?
 
Thanks LM - need to take it with a grain of salt - but appears Big story to evole. I understand MEE had a technology agreement in India - does anyone have info on this?
 
james99 said:
Ahh Dink. 20c? Far too modest. For reasons expressed much earlier in this link, I still view the stock as being in the $1.20 to $1.50 range when its fundamentals including gold (over 800,000 ounces) and uranium licences and market cap are compared to others. Time will tell. Cougar energy for example commands a market cap of 35 mil approx based on its UGC, but Mee has the other two strings and still only has a cap of 45 mil approx.
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Kudos to you james99 never thought i would see MEE approach this kind of level for a year or so, but at 90 cents ATM this is an astonishing rise in the last 2 month period :D
 
I'm well aware that it was LNC, I posted because LNC/MEE are in the same field, and someone bought a 'drug-lord amount' of MEE.

Beers for everyone after today's performance - There is going to be a lot of money circulating in South-East Queensland in the next couple of years. Bring on inflation!
 
You guys think it will continue upwards from here?
The more I read the more I like the story. Be interested to hear what the old timers on MEE think for the benefit of new or prospective holders

Cheers,
Wilson
 
Wilson! said:
You guys think it will continue upwards from here?
The more I read the more I like the story. Be interested to hear what the old timers on MEE think for the benefit of new or prospective holders

Cheers,
Wilson
Click to expand...

Hi Wilson, I'm not a long timer yet but am a happy holder.

In my opinion there is still huge potential for this stock. After the shareholder meeting which is due end of this month, Metex will be changing their name to carbon energy. Along with a string of other activities they will be using some of the funds to drill and futher their current JORC resources. If they find a substancial JORC compliance then this stock will be massively re-rated (based on findings of course).

This whole sector has just begun to be noticed by the masses, and has a few great companies with sooo much potential. OHHHH if i only had more available money to invest!!! :(
 
farout said:
I'm well aware that it was LNC, I posted because LNC/MEE are in the same field, and someone bought a 'drug-lord amount' of MEE.

Beers for everyone after today's performance - There is going to be a lot of money circulating in South-East Queensland in the next couple of years. Bring on inflation!
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lol, I was a bit slow to get it but now I got ya.
Hopefully a few orders like that will be going through today.
:)
 
Dont know how familiar u guys are with what happens over here in the west. But an explosion at Varoness Island has knocked out 30% of WAs gas supply late last week. 30 PERCENT FROM A SINGLE INCIDENT. Expected to take months to rebuild the situation, and our joke of a Premier is pleading with households and industry to reduce our use of gas. Kinda makes to think how much one incident can affect have big ramifications on our lives. Maybe things like this will get people thinking outside the square about where we get our energy supplies from. Bodes well for alternate future gas suppliers like MEE amongst others, and for those with enough foresight to have got in2 this gem at a good price
 
So Linc Energy is in a trading halt now. Could this be the announcement - diesel - that demonstrates the power of UCG-CTL?

In the current political environment, one could reasonably expect the whole UCG sector to start attracting significant interest from mainstream sources upon this announcment.

Should this happen, it is not inconcievable that when MEE proves it's technology people will not be talking about a dollar, but in what multiple...
 
It's to do with merger talks with Sapex.

I expect Linc won't have any diesel for at least another month. Their UCG will likely start burning on the last day (give or take) of this month. GTL will be after that however.

And yes, I expect MEE in the multiple dollars, not far away now :)
 
farout said:
It's to do with merger talks with Sapex.

I expect Linc won't have any diesel for at least another month. Their UCG will likely start burning on the last day (give or take) of this month. GTL will be after that however.

And yes, I expect MEE in the multiple dollars, not far away now :)
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Two red days, and a lower open and close than the previous day, albeit on lower volume. All when LNC is in a trading halt. 69c looks like a good support line. Depending which way LNC goes tomorrow, this will lead the direction of MEE. If the sp can gather some upward momentum tomorrow and Friday, then maybe next week MEE will test multiple dollars.
 
Heard on the local news yesterday federal labor govt does not support the use of "clean coal" technology. Wonder if this has something to do with the pull back of MEE amongst others. How long will they continue to leave their heads shoved up their asses? With oil fields drying up, and no realistic chance of finding something that will continue to source our huge fuel needs, how long can they deny using other technologies to provide fuel and gas? Along with their about face on the solar rebate just goes to show they have no real vision for the future and are happy to let the status quo remain, at the expense of the public. Shame, shame, shame as Derryn Hinch would say! :confused:
 
Do you have a link for that? I searched recent news articles but I could not find anything ....


....
 
springhill said:
Heard on the local news yesterday federal labor govt does not support the use of "clean coal" technology. Wonder if this has something to do with the pull back of MEE amongst others. How long will they continue to leave their heads shoved up their asses? With oil fields drying up, and no realistic chance of finding something that will continue to source our huge fuel needs, how long can they deny using other technologies to provide fuel and gas? Along with their about face on the solar rebate just goes to show they have no real vision for the future and are happy to let the status quo remain, at the expense of the public. Shame, shame, shame as Derryn Hinch would say! :confused:
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I think you heard wrong springhill.....

http://www.alp.org.au/media/0508/msrese200.php

The Australian Government is also establishing a $500 million National Clean Coal Fund to support the National Clean Coal Initiative aimed at deployment of low emission technologies out to 2030. Coal producers are contributing more than $1 billion in funding through Coal21. This concentrated funding will provide an enormous opportunity for breakthroughs in clean coal technologies, including carbon capture and storage. Australia already has a number of demonstration projects under way or well advanced, including the deep geological storage project in the Otway Basin in Victoria and an oxy-firing project at Callide in Queensland.

The National Clean Coal Fund also includes $75 million – including $25 million for CSIRO – to be invested in clean coal research.

Was released back in May.... does this encompass Metex technology???

Unless labour has done a flip in the past months.. =="
 
blehgg said:
I think you heard wrong springhill.....

http://www.alp.org.au/media/0508/msrese200.php

The Australian Government is also establishing a $500 million National Clean Coal Fund to support the National Clean Coal Initiative aimed at deployment of low emission technologies out to 2030. Coal producers are contributing more than $1 billion in funding through Coal21. This concentrated funding will provide an enormous opportunity for breakthroughs in clean coal technologies, including carbon capture and storage. Australia already has a number of demonstration projects under way or well advanced, including the deep geological storage project in the Otway Basin in Victoria and an oxy-firing project at Callide in Queensland.

The National Clean Coal Fund also includes $75 million – including $25 million for CSIRO – to be invested in clean coal research.

Was released back in May.... does this encompass Metex technology???

Unless labour has done a flip in the past months.. =="
Click to expand...

blehgg thanks for your reply, but that was what i heard reported on the radio yesterday... tho i havent cleaned my ears in a while :) Labor do a backflip..... surely not. Hope i am wrong!
 
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