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MEE - Metex Resources

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we're a little off topic now with Linc. Did not intend to be but thought I would answer the question you asked.

See my response in Linc thread.
 
I bought Linc at 22c, sold recently and put it all into Metex at around 18c so am a happy chappy. Have got all my eggs in one basket to to speak with Metex, but I'm not worried. I live in Chinchilla so get to hear the goss nice and early.

ANZ is no longer a substantial holder of Metex. From my calculations, ANZ only has a measly 8 million odd shares left in Metex. The Opes Prime overhang has pretty much lifted.
 
MEE closed up 14% today, back to $0.375... this should make for a very interesting Friday.
 
farout said:
MEE closed up 14% today, back to $0.375... this should make for a very interesting Friday.
Click to expand...

Yeah I was thinking the same thing, i'll be hitting refresh on friday more often than not (kinda sad hey )
 
Looks like ANZ is screwing with the MEE market again, half a million to sell at 0.37c

ANZ is now classified as a noxious weed and needs to be pulled out/sprayed wherever possible.
ie. Do not bank with ANZ, don't buy ANZ shares, complete ANZ boycott!

Who is with me?
 
Yeah im with you farout, count me in!!!

There is also 530,658 to sell at $0.395 (could be ANZ as well?)
 
The important thing is that people (or organisations) are snapping them up... If I had any money to play with I'd be buying some too.
 
Yeah, totally agree Dink... I'm just imagining where the MEE price would currently be if Opes didn't go bankrupt.

Should now break through the 38c resistance on the smallest of company news. I'm expecting the biggest gains in a month's time however, when Linc demonstrates the 'power' of UCG.
 

Funny that farout, im a horticulturalist and i have many herbicides i can recommend for that ANZ weed! Im lucky enough to be averaging 9.5 cents on MEE, i bought in at the time they bought the Northern Italian U3O8 mine, which thankfully since then the company has changed focus! This is definately the gem in my little portfolio, hoping one day this one will pay my house off beats working for it!
 
Excellent, as a professional weed killer we are relying on you to eradicate ANZ. Hope the pressure isn't too much for you.

Interestingly, I'm also relying on MEE to contribute largely to another residential investment. Capital gains is the killer.
 
Should now break through the 38c resistance on the smallest of company news. I'm expecting the biggest gains in a month's time however, when Linc demonstrates the 'power' of UCG.

Absolutely, sounds great. Hopefully in 5years time we will have our own SASOL producing in Australia (between Linc and Carbon Energy)with SASOL's share price - hovering @ $62-$63.
 
Can't help but think something is brewing. Quite possibly UCG is simply getting more recognition. Both LNC and MEE doing very well today on good volume. I think the ANZ holding has been snapped up by buyers and the sell side of things looking very slim at the moment. I know this is a good stock but didn't think it would keep going like this. Slow and steady was my inclination but not complaining with the fast and somewhat erratic.
 

At the start of April when it was 18c I was tipping that it would perform like this, "heading upward at a great rate".... if only more people listened!!
 
Does METEX (soon to be Carbon Energy) have the same experienced personel and resources available as LINC? Are MEE too diversified which may negativetly affect their share price?

I'm currently a share holder in both (MEE & LNC) and am thinking of purchasing more shares in MEE as i'm thinking the same, once MEE gets more media attention its going to go off like linc (even though some of you have already made awesome gains in MEE) Congratulations!!!
 
Yeah, they have a very experienced board, possibly even more-so than Linc.

In terms of diversified assets, they plan on slowly selling off everything but the UCG component, hence the name 'Carbon Energy', not resources. A smart move from my point of view.
 
LittleMak said:
Does METEX (soon to be Carbon Energy) have the same experienced personel and resources available as LINC? Are MEE too diversified which may negativetly affect their share price?
Click to expand...

No, MEE does not have the same experienced staff or technology.

Linc have a very special team of South Africans upstairs in the office at Capowie. They have the russians and they have the south africans and what a super Linc it will prove to be.

The South African engineers have basically designed the plant and told Linc site management what contractors and equipment they need to construct it.

But I love Metex too. Wall st bankers have jumped on board Linc ever since the Linc roadshow over there last month - MEE will have it's turn too.

Just hold both is all I need to say - 99.9% of the population haven't even heard of UCG GTL.
 
I think you are a little wrong with your assumptions Jimminy...
Yes, Linc is moving well and they have more Russians/South Africans than they can count. But they've been struggling to get their UCG to work for the last 6-12 months, and they keep telling everyone things are just dandy. Why, because they are using old processes! Sure, I expect it to work eventually but it's 60yr old Russian technology!

Metex have newly developed CSIRO technology, so to say that MEE doesn't have the technology is ludicrous. You must live on a different planet to me.
 
So I think we all agree that we should hold both MEE and LNC!

So what do you guys think about this recent article on OIL prices?

http://www.sharecafe.com.au/fnarena_news.asp?a=AV&ai=8548

What sp effects do you think might happen to MEE and LNC if oil does drop 20-25%? It is suggested that oil is in a massive bubble now and could crash tonight or never?
Maybe we might see a correction (time to jump in again) or maybe todays prices might look cheap next week????
 
I grabbed some earlier in the process at around 40 cents but as the share price slid I was tempted to sell but instead bought some more around 20cents on the back of how good LNC was going (I was trading LNC and made a small profit when I sold them at $1.29). I was surprised to see how well LNC was going so I bought some more MEE today in the hope they will follow suit.
I have noticed MEE has more shares than LNC, is that a hangover from pre-UCG days for capital raising and is any capital raising expected in the short term to get the pilot plant ready around August?
Also LNC is looking to develop sites overseas.
Are than any plans for MEE to develop sites overseas?
 
There is a small amount of capital raising expected down the track, I don't think it will be for a while though. Share price should have gone up nicely before that happens.
 
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