MHL - Monitor Energy

[BHP]

Just to back up Gordon, I saw the post before it was removed and Gordon was actually defending YT. It was sarcastic but some people obviously didn't get that.

YT, stuff the knockers, as a complete newbie to shares I love your posts and insights and thank you (and others) for sharing your knowledge with others. You don't have to do that but you do which is great.

I have learnt alot reading these forums over the last few months and hope one day to be able to also contribute.

Yes I bought MHL based mainly on your research (at 3.3) and others in this forum, but I also did my own research reading companies documents and researching CIG next door. At the end of the day the risk is mine alone and I am responsible for my actions.

 

[thewahaman]

Just to back up Gordon, I saw the post before it was removed and Gordon was actually defending YT. It was sarcastic but some people obviously didn't get that.

YT, stuff the knockers, as a complete newbie to shares I love your posts and insights and thank you (and others) for sharing your knowledge with others. You don't have to do that but you do which is great.

I have learnt alot reading these forums over the last few months and hope one day to be able to also contribute.

Yes I bought MHL based mainly on your research (at 3.3) and others in this forum, but I also did my own research reading companies documents and researching CIG next door. At the end of the day the risk is mine alone and I am responsible for my actions.

I totally agree with BHP, I saw Gordon's post and I saw it as a joke and that he was on YT's side. So don't worry mate, some of us got it

 

[dogwithflees1983]

Lets all stop worrying about Gordo's post and get back to talking about this little gem of a stock in MHL !!
Doing very nicely this morning up to 4.3c and over 6m shares traded...
I too am holding this stock for the long term, very excited about its potential and keen to get on board in its early days.

 

[greggy]

Lets all stop worrying about Gordo's post and get back to talking about this little gem of a stock in MHL !!
Doing very nicely this morning up to 4.3c and over 6m shares traded...
I too am holding this stock for the long term, very excited about its potential and keen to get on board in its early days.

I've stopped worrying about Gordo, but am more concerned about the market in general. It seems that its in the midst of another correction.
I too have recently sold out of MHL having bought in at 3.2c. It remains on my watch list, but I'm worried that if this correction turns nasty that a lot of the specs are going to have another rough time similar to the last one we had
I still think that we will remain in a bull market though.
One never goes broke taking a profit. Don't get me wrong here. I still like MHL very much, its uranium and oil and gas interests have plenty of potential. MHL also has excellent management.
As for YT, his comments are very well thought out and he's a big asset to this forum. He gives his time freely and has assisted forum users on many occasions. If he left this forum and started his own one I would gladly pay a few hundred a year for membership. I would of course still stay a member of this wonderful forum.
DYOR

 

[kevinecom]

I've stopped worrying about Gordo, but am more concerned about the market in general. It seems that its in the midst of another correction.
I too have recently sold out of MHL having bought in at 3.2c. It remains on my watch list, but I'm worried that if this correction turns nasty that a lot of the specs are going to have another rough time similar to the last one we had
I still think that we will remain in a bull market though.
One never goes broke taking a profit. Don't get me wrong here. I still like MHL very much, its uranium and oil and gas interests have plenty of potential. MHL also has excellent management.
As for YT, his comments are very well thought out and he's a big asset to this forum. He gives his time freely and has assisted forum users on many occasions. If he left this forum and started his own one I would gladly pay a few hundred a year for membership. I would of course still stay a member of this wonderful forum.
DYOR

I think that's an excellent idea, I did email YT to start his own forum like crazy jim smith and charged membership. I'm glad to pay him for his research, also it's good way to filter out rampers.

 

[gdzack]

Today is a spectacular day for MHL. It jumped 11.9% since today's open. I regret that I've cashed out in the morning.

 

[kpas]

Huge down day for the ASX and DOW and yet MHL pushes against the grain.

I honestly would have expected it to go the other way given the trading patterns of late.

Good indicator that the market undervalues this company and expects a solid rerating in the next little while.

Otherwise it would have dwindled down to 3.5c or lower on people being scared.

Bring on the announcements!!

 

[mobcat]

Kpas have you just started to notice shes going against the grain MHL has been doing this for over a week now and strongly to i might add who no,s where it would be in a strong uptrend week .........And the bloody chart is starting to look like the Himilayas alls good boys money to be made still if your not on board yet it,s going to go right off on the JV Ann IMO the market will eat it right up at the moment if the US has a down night tonight and the JV gets ANN tommorow wouldnt be suprised seeing 7 cents out of MHL Happy day indeed ............and word on the street is that the Ann is in the system

 

[karmatik]

............and word on the street is that the Ann is in the system

mobcat - can you say this with any conviction? Do you know something we dont know or is it just rumour? I bought in on this one at 0.037c and again at 0.042c. V happy with the way the market interprets this one but still have the jitters......

 

[mobcat]

Karmatik from a reliable source and also a holder i trust but we have all been wrong before haven't we...... only MHL Management know for sure and they have turned into Fort Knox of late tried ringing them again today to no avail sort a tells ya something i think because usually Jon at MHL is very obliging

 

[karmatik]

mobcat - thanks for the update. will ride this one a little longer. with the speculation on this stock their phone must be off the hook!

please keep us up to date if you hear anything further but its sure feels like there is something imminent.....

 

[habs]

gone up 8% this morning, currently at 5 cents a share.. xxx could be a real possibility when the jv gets announced... at least the value in this company is slowly slowly being noticed i guess... happy days!

 

[gordon2007]

Rather odd the way it shot up this morning and now just like that it's back down to .046. Does make one wonder about it.

gone up 8% this morning, currently at 5 cents a share.. ... at least the value in this company is slowly slowly being noticed i guess... happy days!

 

[mobcat]

Just some Wombat dumping Gordo what a wacker like tearing up C notes oh well suppose he just learnt a very costly lesson

 

[billgeld]

Hopefully we can get a ann soon.

This is a great little stock. already up about 30% and holding long term

 

[mobcat]

This is great support for MHL prior to any firm news, if the Proposed Ann has the meat and vegies we all wish for this baby is in for some fun price wise.

That buying this morning was at ALL COST and when that happens that allways equals tidy profits for holders .....GO GO MHL :dance:

 

[gordon2007]

Well I'm in for the long haul. After missing out and selling before the really good profits with RAU I'm determined to hold longer this time around.

This is great support for MHL prior to any firm news, if the Proposed Ann has the meat and vegies we all wish for this baby is in for some fun price wise.

That buying this morning was at ALL COST and when that happens that allways equals tidy profits for holders .....GO GO MHL :dance:

 

[rapture2002ca]

Well I'm in for the long haul. After missing out and selling before the really good profits with RAU I'm determined to hold longer this time around.

I'm actually in the exact opposite situation. I sold out of MHL and but have been keeping my RAU.

I'm wondering whether to buy into MHL again at 5.2c. Can it's good run continue? Does anyone know when an ann is to be expected?

 

[YOUNG_TRADER]

Well MHL has hit my first price target and it wasn't on the back of CIG, so I'm guessing its on the back of this upcoming Oil JV,

As I have said patience will and is being rewarded

MHL​

Mkt Structure

Shares
635m


Mkt Cap @3c = $19m Current
Mkt Cap @4c = $25m
Mkt Cap @5c = $32m Target 1 if CIG hit Oil on adjacent lease
Mkt Cap @6c = $38m
Mkt Cap @7c = $45m Target 2 if a major like Santos or Chineses National Oil farm in



Cash $2m

Ascent Capital
To begin with MHL is an Ascent Capital re-cap, however I always viewed it as the one that never made it,

When you consider their other re-caps, EXT 2c -15c, DYL 2c-65c, BLR 2c-25c, WMT 2c-30c, even MKY 2c-9c, thus MHL's 2c- 4c seems an anomoly, I would think its the last decent Ascent Capital re cap left to run.

So given their track record and the fact that you see the Steinpris name (Ascent Capital) still on the share registry suggests that more is still to come, in addition to this Ascent Capital control 50% of the Uranium projects and so this all makes for a very interesting mix.

Management
Oil and Gas The 2 main men are Scott Spencer and Ted Ellyard, both are the ex creators/architects of Hardman Resources, they took HDR from "a market cap of less than $5m in 1994 to eventually over $1.5 BILLION"

Thus these two oil boys know what they're doing and as such MHL has been viewed by some such as Peter Strachan of Sotck Analysis as Ted Ellyards next oil and gas venture.

Uranium
The Uranium project is being managed by Leopard

Leopard is an unlisted private company thats owned and controlled by Ascent Capital, its technical guys are James Pratt who is the Managing Director of Deep Yellow Ltd (DYL) and Dr Joe Drake-Brockman who is in charge of technical explorationa and development for DYL.

So effictively Leopard is a mini DYL, created by the creators of DYL and managed and run by the current DYL top boys who have taken DYL from $5m to over $500m.




Projects

Kyrgyz Oil Oil and Gas, 100%, Kyrgyzstan
Surrounded by many prolific oil and gas producing basins which have produced probably a few BILLION BARRELS OF OIL and a few Trillion Feet of Gas, reserves are still a few Billion Barrels of Oil and a couple of Trillion feet of Gas.

The obvious comparison is as Warrick Grigor has done, to that of Caspian Oil and Gas (CIG),
"Three years ago we spent a week in the Kyrgyz Republic, coming to grips with a junior oil stock named Afminex (it subsequently changed its name to
Caspian Oil and Gas). Back then, the shares were less than 1.8 ¢, the company had precious little cash, the market capitalisation was $8m and the oil price was only US$30-35/bbl.

Since then it has raised more than $20m, it has signed a joint venture with Santos and, independent of that JV, it is preparing to drill a number of shallow targets. CIG’s market capitalisation is approximately $170m
with the share price at 16.5 ¢. Our clients have done very well out of CIG, irrespective of whether or not they hit big oil in the forthcoming program."

So CIG's Mkt Cap has gone from $8m to $170m yielding a return of 2125% over 3 yrs, however over the last 5 months the stock has yielded over 300% (5.5c - 16.5c)

Given CIG's current Mkt Cap of $170m I would expect MHL to move up to 5c =$32m if CIG hit oil, moreover if MHL, which is in the final stages of negotiating a farm out, gets someone like Santos, or even the Chinese National Oil Corp I would expect a re-rating towards 7c = $45m.

There is not too much info on target size or potential of MHL's Oil and Gas licences however the company is in the final stages of interpreting and reprocessing data to determine drill targets, priority survey area's etc etc in addition to this further survey results are due back,

So to summarise there are 3 potential catalysts fora re-rating of MHL because of its oil and gas leases

1. CIG striking oil
2. A farm in partner such as Santos or Chinese National Oil Corp
3. Siesmic/survey updates with target/potential size of oil targets



Kyrgyz Uranium Uranium, 50%, Kyrgyzstan,

Intial target 600k-700kt's@0.1% U = 1.5Mlb's U

This is just an intial target, base don historic work/drilling by the soviets, mineralisation is reported at surface and up to depths of 150m's over a strike of 800m's, they "mineralised seam widths" vary form 4.2m's to 6.6m's and avg 0.03% - 0.4% U

Its early days here but given the current mkt cap of other companies operating in Kyrgyz such as MRO mkt cap $50m and NMR mkt cap $100m there is plenty of upside value for MHL once a JORC is released I would expect $20m of attributable value = 3c

As stated the Uranium project is being managed by Leopard

Leopard is an unlisted private company thats owned and controlled by Ascent Capital, its technical guys are James Pratt who is the Managing Director of Deep Yellow Ltd (DYL) and Dr Joe Drake-Brockman who is in charge of technical explorationa and development for DYL.

So effictively Leopard is a mini DYL, created by the creators of DYL and managed and run by the current DYL top boys who have taken DYL from $5m to over $500m.




Summary

- Chart wise support seems to be 3.2c and then 2.6c, however I doubt we will see it fall below 3c

- Its is a direct comparison to CIG, even Grigor is getting his clients who he got on to CIG very early days on to this, moreover any drilling success for CIG will boost MHL's prospectivity and thus SP

- A farm in deal for MHL's oil and gas licences is in the final stages, if its Santos or Chinese Oil watch out!

- The Oil managment is excellent being ex HDR architects who took the company from $5m to over $1.5Billion

- The Uranium management via Leopard is also excellent as its all the DYL boys who took DYL from $5m to $500m

- So given it is being run by the people he created so much value for HDR and DYL, as well as the fact that it can be compared to CIG for oil and MRO/NMR for the Uranium MHL seems cheap!

 

[Dukey]

YT - MHL is an absolute pearler of a stock - and it seems the story has only just begun. Wouldn't be surprised if your targets turn out to be quite conservative (barring catastrophe that is..) given the attention and excitement in the market about this one. As indicated by recent volume spikes - 34mill by lunchtime today!!!

I got on a little while back @ 3.6c and plan to be in for the long haul like many others - though I may take a few tidy profit as insurance at some stage.
Great work of course - by yourself particularly - you certainly have a great nose for sniffing out the 'next bolter'!!!
Good luck to all holding ... dukey