MEL - Metgasco Limited

[TheAbyss]

Rob

The initial announcement attracted a lot of interest mainly day - weekly traders etc.

With the lack of follow up announcements those traders got out for a profit and some at a loss i would venture.

Some shareholders who held prior to the announcement are now taking some profits and others are holding on. I am of the latter and will continue to hold and have also taken up the SP plan.

Try and show some patience here Rob or just get out. You don't identify a massive resource and start producing it overnight. They need to continue drilling etc and with Christmas in the mix no one is going to be doing much of anything unless you would prefer they just keep announcing every resource increase no matter how small?

Be patient and you will be rewarded imo.

There you go Rob. Lot of people said similar things so pleased for all who stayed in or got back in.

Now don't expect this to go straight up and stay there this time either. Be happy with a 50% retrace (of the spike) or time your sell if you wish. Only way the retrace wont happen is if the news flow continues regularly.

Either way this story will unfold for a a few months yet.

In and staying in.

 

[awg]

He thinks that MEL is quite undervalued considering its current reserves and potential. He had the company looked at by a pro adviser.

I Bought back in today at bargain lol.

Hold MEL and other gas explorer stocks.

Lets just say their volatility is highly leveraged to announcements.

Which makes holding them a bit nerve wracking.

So you either got to try and trade them with a trailing stop and re-entry strategy.

Or pick and stick to a certain extent...after due diligence research.

The problem being if they announce a good find or a duster, they will likely gap your stop either way.

Lets hope in this case a string of properly certified reserve and flow upgrades continue

 

[naughtynickers]

I sold out half my holdings today at 76 cents as I was ready to dump at below 60 the last few days as my fear of it retracting to 45 cent levels.

I am re-evaluating my outlook on this stock from a long term holder to short term profit taker. I've held for 2 years only to see the day traders jump all over each time and rape the s.hit out of it time and time again.
I would say we will see a retrace back to mid 60's and then I will jump back in.
Wait for the next jump and sell out a % again.

Sometimes as much as you like a stock I am starting to learn you are silly not to take hype profits and restock up at normal trading levels. Run the risk of missing the boat if it doesn't come down but if you still hold some you at least get the chance of further exposure I guess.

Also Kudos' to RobVan called an the up coming we will be watching your comments closely

 

[Dangerous]

Hi all,

I have not looked at the announcments closely, but am I right in saying it is odd that there were no announcment that Kingfisher testing had begun - only announcment when it was finished?

Anyway, announcment looks good but if this is conventional this is as strong as it will flow. Still, only 20% of hole perforated perhaps they can get a 6MMSCFd flow accross all the sands. That would be great and indicate a pretty big field.

My concern is land access on this one. I have been to fields in QLD, SA and NT and none of the fields coexist with good grazing land such as that on MEL tenements (drove down and looked at their fields last year). Conversely, that is why a 6TJd well would be better than the CSG average of 1TJd.

Clearly on the $/2P metric MEL are undervalued. The mkt is aware of them given recent activity and places a significant discount on their reserves because they see commercialisation risks.

 

[RobVan]

Hi all,

I have not looked at the announcments closely, but am I right in saying it is odd that there were no announcment that Kingfisher testing had begun - only announcment when it was finished?

Anyway, announcment looks good but if this is conventional this is as strong as it will flow. Still, only 20% of hole perforated perhaps they can get a 6MMSCFd flow accross all the sands. That would be great and indicate a pretty big field.

My concern is land access on this one. I have been to fields in QLD, SA and NT and none of the fields coexist with good grazing land such as that on MEL tenements (drove down and looked at their fields last year). Conversely, that is why a 6TJd well would be better than the CSG average of 1TJd.

Clearly on the $/2P metric MEL are undervalued. The mkt is aware of them given recent activity and places a significant discount on their reserves because they see commercialisation risks.

That's a fair comment. Metgasco wouldn't experience as much ups and downs if the company kept the market informed on a regular basis as to the progress of its exploration activities.

Apart from that, its holding its own pretty good today considering the ASX is in the ****ter again. Last I checked trading at $0.73 (even whilst being raped by the profit takers and the day traders).

Cheers

Rob

 

[naughtynickers]

What the hell happened to this afternoon after holding up well it got smashed 10%!!!

I had an alert at 67 and got an email thinking it was another stock.
Had to rub my eyes to see it was MEL.

 

[RobVan]

nickers the ASX got raped today fell 1.6%. It wasn't MEL' fault at all. Our economy is moving ahead nicely, but we keep getting dragged down by Wall Street speculators. That's all it is. Fu...king speculators that bet with our lives. Doesn't matter how well a company or our eco is doing, we are at the mercy of speculators in New York.

Listen to Obama speech from yesterday, he pretty much said same thing. Listen to Greek PM speech today, he pretty much said same thing regarding the Greek bonds. China did exactly what economists have been saying it should do, that is, regulate its banking sector, which is what Obama is trying to do. But the Wall Street speculators won’t let us breathe. They've been punishing investors across the globe since the announcements by US and China re regulating banking sector.

Soon there wont be anyone left for these disgusting speculators to rob lol. They'll have to turn on each other - having hoarded all the money. Betting on stocks going down, betting on stocks going up. No real reason for investing, but treating the stock exchange like it’s a casino in Las Vegas.

They stole Billions from CFD trading which was one of the main reasons for the GFC.

Having said that, if the entire economic and financial system doesn't collapse, and if these greedy speculators give the world a break and let the markets just recover, then MEL will bounce back, its books look good. Set for solid growth.

 

[fureien]

I am re-evaluating my outlook on this stock from a long term holder to short term profit taker. I've held for 2 years only to see the day traders jump all over each time and rape the s.hit out of it time and time again.
I would say we will see a retrace back to mid 60's and then I will jump back in.
Wait for the next jump and sell out a % again.

SAME! i have too realised this with alot of stocks. its one thing to gamble that stocks will hold or run more the next day simply because of good news and you like it. day traders and the like dont think that way and will dump the crap out of it. after all it is mostly them who drove it up in the first place.

also thanks for the commentary guys, helps me understand whats going on with mel better.

 

[RobVan]

I just saw the top headline in the australian:

"THE Australian sharemarket continued its sell-off from last Friday, falling 1 per cent amid fresh concerns about the Chinese economy and nervousness over the coming profit-reporting season"

and why do they sell-off?

f...king speculators. Making money on shares going down.

You know how I know?

because the chinese economy is actualy EXCELLENT. Beautiful and healthy. The lending curbs (aka banking reguslations have not effected manufacturing).

How do I know? because the Chinese manufacturing sector actualy rose in january.

So the moral of the story is: we are at the mercy of f...king speculators making money from shares going down.

 

[naughtynickers]

I just saw the top headline in the australian:

"THE Australian sharemarket continued its sell-off from last Friday, falling 1 per cent amid fresh concerns about the Chinese economy and nervousness over the coming profit-reporting season"

and why do they sell-off?

f...king speculators. Making money on shares going down.

You know how I know?

because the chinese economy is actualy EXCELLENT. Beautiful and healthy. The lending curbs (aka banking reguslations have not effected manufacturing).

How do I know? because the Chinese manufacturing sector actualy rose in january.

So the moral of the story is: we are at the mercy of f...king speculators making money from shares going down.

RobVan I am not expert but if you are trading with this much emotion take care.
If you are a long term holder of the stock don't worry about 'market corrections' the true value of a company can't be manipulated long term.

Or perhaps do what I am doing now take profits leave some in and buy on the dips. Longer term you will take advantage of both situations.

Don't worry about speculators they there 20K a week drug habits to fund

 

[RobVan]

Metgasco is a really good company to invest in. Because it has solid assets and will soon enter commercial phase. Day traders and short sellers will have to give it a break and stop raping it everytime it makes a break for the top.

Right now crawling its way up with the weight of 200,000 day traders and short sellers on its shoulders.

 

[outback]

I don't think Robvan likes me, I have tried hard. : : . soime people are just fussy.

 

[condog]

Rob Im not currently holding MEL, i have in the past...

But i totally agree with your sentiment.... it is wrong that an assett cannot let the market dictate its true price because a bunch of predatorial speculators decide as a cohesive group to smash the price down on asset that is otherwise sound and would otherwise be valued higher....

It like a bunch of holligans camping on your front lawn for 3 weeks to take over your house when youve finally had enough and have to move out or leave for a break....

Any derivative that preys on the deliberate lowering of an assett value is morally, ethically and fundamentally wrong..... It all began when people actually had morals and would never do such a thing, and now we have entire multi billion dollar funds that make their only livinf from such action....
Ban em i say... but they wont....cause it allows for liquidity.... and coming off the back of a GFC the one thing the market needs more then anything is liquidity...

 

[RobVan]

These predatory speculators are destroying the markets. It's not only happening in Australia but in all major markets. They are driving perfectly good companies to extreme lows and making money in the process.

For example the MEL announcemnet today was great, but the New York specualtors have damaged global markets so much that as far as the stock markets are concerned these companies are becoming worthless.

Specualtors should be banned and the media in particualar should stop dramatising every little event/incident which occurs overseas. The problem is that the main speculators control most of the global media so they have a good relationship. For example: They published artticles about the financial problems of Greece 50 times. They will keep publishing it until the whole world starts shaking with fear and then the specualtors step in and go for the kill!

Metgasco and other like companies are very good companies and are unfortuantely the victims of these disgusting predators, that are riding the system which wasn't dsesigned to be abused in this way.

 

[RobVan]

http://www.businessspectator.com.au...short-sale-curbs-in-coming-2DR72?OpenDocument

US SEC to mull short-sale curbs in coming weeks

These disgusting short selling rats have cost us a lot of pain...

 

[skyQuake]

These predatory speculators are destroying the markets. It's not only happening in Australia but in all major markets. They are driving perfectly good companies to extreme lows and making money in the process.

For example the MEL announcemnet today was great, but the New York specualtors have damaged global markets so much that as far as the stock markets are concerned these companies are becoming worthless.

Specualtors should be banned and the media in particualar should stop dramatising every little event/incident which occurs overseas. The problem is that the main speculators control most of the global media so they have a good relationship. For example: They published artticles about the financial problems of Greece 50 times. They will keep publishing it until the whole world starts shaking with fear and then the specualtors step in and go for the kill!

Metgasco and other like companies are very good companies and are unfortuantely the victims of these disgusting predators, that are riding the system which wasn't dsesigned to be abused in this way.

http://www.asx.com.au/data/shortsell.txt

This is the daily short report published by the asx. MEL is not a shortable stock and there are NO shares held short in MEL.

 

[outback]

I agree with Rob, Share prices should only ever move up. And at a consistent rate. Not too fast . Not too slow so you don't make money. Just consistently. DAmn those people who think they can buy and sell shares all willy nilly. It's like they think they own them and can do as they please.

Perhaps the Governent needs to take control, we could let them control everything and give us all an equal share in the profit.

 

[RobVan]

http://www.asx.com.au/data/shortsell.txt

This is the daily short report published by the asx. MEL is not a shortable stock and there are NO shares held short in MEL.

I didn't say MEL was being sold short. I said speculators in the markets dragging the entire markets down by short selling. Read the artcle I attached carefully, and that's what it says.

And outback, why the sarcasm??? World leaders are currently in negotations abaout regulating and reforming the markets. Why? because they have concluded that there are fundamental flaws there.

And trust me when I say, if you buy 100k shares and then and sell it again and again at slightly higher value, then you tend to drag shares down - you keep flooding market with cheap shares rather than holding on. Would you call that investing?

 

[skyQuake]

I didn't say MEL was being sold short. I said speculators in the markets dragging the entire markets down by short selling. Read the artcle I attached carefully, and that's what it says.

And outback, why the sarcasm??? World leaders are currently in negotations abaout regulating and reforming the markets. Why? because they have concluded that there are fundamental flaws there.

And trust me when I say, if you buy 100k shares and then and sell it again and again at slightly higher value, then you tend to drag shares down - you keep flooding market with cheap shares rather than holding on. Would you call that investing?

Oh so you never sell? Its supply and demand... If you buy 100k shares it'll send the prices a tiny bit higher. If you then sell your 100k then you'll send it a bit lower in an equilibrium. How can you sell it again and again?

 

[RobVan]

Oh so you never sell? Its supply and demand... If you buy 100k shares it'll send the prices a tiny bit higher. If you then sell your 100k then you'll send it a bit lower in an equilibrium. How can you sell it again and again?

Buy and sell 100k shares x 5 in 30 mins, it will drive it down. If a whole bunch of people do it then it's what we are seeing. There is a whole theory behind this which unfortunately I am not here to educate. sorry.

PS: I bought for the long term. But unfortuantely got screwed early. Now I bought and sold at peak last week. Because I noticed when it reached $0.80 or so everyone else did. But if the shares werent so unstable I would definately hold on for long term.

Metgasco is a great company. The NSW deposits of methane enough to generate power for 30,000 homes for the next 650+ years!!!!