Sean K
Moderator
- Joined
- 21 April 2006
- Posts
- 22,018
- Reactions
- 11,006
MEL - Metgasco Limited
- Thread starter pussycat2005
- Start date
I had 50k at a base cost of 44.5cents. Got sick of holding them & off loaded last week at the same price. Yep & the ones i bought after i sold namely ESG took a dive.
- Joined
- 24 December 2008
- Posts
- 130
- Reactions
- 0
I never lost faith... been holding since rights issue at 40c, sold out of some at 56c a few months ago and have been buying back in between 46 and 49.
I had a feeling ASI were going to recommend it as they said last week that they were going to tip two more LNG sector stocks in next newsletter.
This was HGO all over again for me - not just massively undervalued, but also OBVIOUSLY undervalued. I think this will keep going with the ASI recom weight behind it. If it cracks 70c should go through to a buck. Mind you it would still only be a 170M co. at that price.
If you apply the HGO $/GJ 2P metric to it you come out at $3.62 a share. (remember ESG has infrastructure in place)
Happy holding
- Joined
- 6 August 2009
- Posts
- 344
- Reactions
- 0
Jimminy cricket!
One day I'm down several %, the next up several %.
Yes, LN, about time!!
Unusual run and sure to get a ticket.
NO way!!! Its happened AGAIN!!! i refer back to my post on the ECU thread (#13) where i was tossing up between ECU and MEL.... funnily enough, i chose neither and went with MEO
........... MEO if you dont come off i'll hate you forever for this!
Tipped in Australian Small Cap Investigator today and that would be responsible for the rise. That report has 20,000 or so subscribers and whatever he tips these days seems to jump immediately on the number of punters trying to get into the stock. The stocks always get a speeding ticket
Sean K
Moderator
- Joined
- 21 April 2006
- Posts
- 22,018
- Reactions
- 11,006
Will be interesting to see how she goes today.
The please explain left a teaser:
1. Is the Company aware of any information concerning it that has not been announced which, if known, could be an explanation for recent trading in the securities of the Company?
Metgasco is not aware of any specific reason for the recent increase in its share price. The Company is currently engaged in discussions and negotiations with respect to a number of potential transactions, none of which at this stage, have been concluded.
Could be anything really. Transactions? Like a new company car or something?
Certainly shouldn't account for the run, and would have just been punters jumping on that tip sheet report and the momentum.
Could only take a pluck at what happens today as far as a short term trade goes. My guess is a gap up and sell off as profit takers come in.
Coming up to significant long term resistance too.
The please explain left a teaser:
1. Is the Company aware of any information concerning it that has not been announced which, if known, could be an explanation for recent trading in the securities of the Company?
Metgasco is not aware of any specific reason for the recent increase in its share price. The Company is currently engaged in discussions and negotiations with respect to a number of potential transactions, none of which at this stage, have been concluded.
Could be anything really. Transactions? Like a new company car or something?
Certainly shouldn't account for the run, and would have just been punters jumping on that tip sheet report and the momentum.
Could only take a pluck at what happens today as far as a short term trade goes. My guess is a gap up and sell off as profit takers come in.
Coming up to significant long term resistance too.
Attachments
- Joined
- 18 February 2006
- Posts
- 4,200
- Reactions
- 2
But this report is dated at 31/10/2008.... Something more recent would be useful.
- Joined
- 29 May 2008
- Posts
- 677
- Reactions
- 0
Was a pretty blatant ramp from an otherwise reputable poster.
I'll be honest, I expect alot more from YT than that.........
Not very impressive.
I'll be honest, I expect alot more from YT than that.........
Not very impressive.
- Joined
- 11 January 2007
- Posts
- 791
- Reactions
- 1
Irrespective of when the presentation was released the information is correct.
The figures quoted were for a done deal so i don't see the issue as a precedent is a precedent.
- Joined
- 11 January 2007
- Posts
- 791
- Reactions
- 1
Was a pretty blatant ramp from an otherwise reputable poster.
I'll be honest, I expect alot more from YT than that.........
Not very impressive.
The latest figures confirm the 3p reserves quoted (link below) plus the BG/QGC deal has been done so no question of those figures either. Not sure what your concerns actually are?
I presume YT used the 2008 slide as the BG/QGC reserves valuation was quite a while ago now so not included in current slide packs etc?
http://www.metgasco.com.au/files/761444.pdf
- Joined
- 8 August 2009
- Posts
- 287
- Reactions
- 221
Tipped in Australian Small Cap Investigator today and that would be responsible for the rise. That report has 20,000 or so subscribers and whatever he tips these days seems to jump immediately on the number of punters trying to get into the stock. The stocks always get a speeding ticket
Agreed^^^^
Infact if you checked on the date 30/9/09 his two tips where MEL & CTP..very interesting herd mentality.Infact check the recommendations for the last 6months on his tips..with 15,000 subscribers the share movement on the day is always 20% min for the day.
Agreed^^^^
Infact if you checked on the date 30/9/09 his two tips where MEL & CTP..very interesting herd mentality.Infact check the recommendations for the last 6months on his tips..with 15,000 subscribers the share movement on the day is always 20% min for the day.
I had a look at the intraday chart for the day that report was released. The email hit my inbox at 12.32pm. By 12.36pm, Mel had jumped 26% in the space of 4 minutes. Ridiculous. But it had also jumped 17% in the half hour before the report was released that makes me think something is up - do certain people receive the report before others?
- Joined
- 8 August 2009
- Posts
- 287
- Reactions
- 221
Well as far as i know speaking to a fellow trader the report was recieved at the same time as yourself.But thinking about it logically i'm sure some info gets leaked on the day of the announcement.But im blown away at the past tips,differently keeping my eye open to the report now.
- Joined
- 5 October 2008
- Posts
- 87
- Reactions
- 8
I guess it may be perceived as morally wrong to want to see the report the day before it's released 'ay.
Sean K
Moderator
- Joined
- 21 April 2006
- Posts
- 22,018
- Reactions
- 11,006
Thats a nice pick up kennas - hope it pans out! a few of us have been waiting patiently on this one for quite some time... given past performance It may just as well drop back to half mast, but I'll be more than happy to be convinced of the power of TA if MEL flies to a new level.
certainly seems to be a bit more heat in the sector in the past week or two.
ESG might be looking good short term too after a bit of a drop back to 90ish cents....
CSG boom take 2 perhaps??
certainly seems to be a bit more heat in the sector in the past week or two.
ESG might be looking good short term too after a bit of a drop back to 90ish cents....
CSG boom take 2 perhaps??
- Joined
- 24 December 2008
- Posts
- 130
- Reactions
- 0
PEL 16 and PEL 13 are surrounded by a large Arrow Energy tenement - PEL 445. Arrows June 2009 quarterly stated:
During the upcoming work program Arrow will concentrate efforts to understand the regional variability of coal seams within the basin, and seek to demonstrate commercially viable pilot production via its planned 3 well hydro-fracture pilot scheduled for commencement in the northern part of the basin next quarter
During the upcoming work program Arrow will concentrate efforts to understand the regional variability of coal seams within the basin, and seek to demonstrate commercially viable pilot production via its planned 3 well hydro-fracture pilot scheduled for commencement in the northern part of the basin next quarter
