MHL - Monitor Energy

[YOUNG_TRADER]

I think its great to analyse charts and depth etc, but I've always been a fundie at heart, hence why I'm waiting for the JV, its the reason why I bought in the first place,

Anyone called the company to find out how far away JV is?

I rang them heaps over the last few weeks, think they may be getting sick of me :

 

[moneymajix]

YT

Suggestion.


Change your name and disguise your voice.


Don't recommended heavy breathing!

 

[YOUNG_TRADER]

YT

Suggestion.


Change your name and disguise your voice.


Don't recommended heavy breathing!

lol,

I don't think many people we're calling them, hence on like my 3rd or 4th call the guy was like, are you the chap from Melbourne (GULP yes) :

Like I have said though, I use the insider/unexplained buying as a gauge of the upcoming ann, and based on MHL's unexplained performance it must be a good ann

 

[billgeld]

yes but when will this ann be.

I emailed them asking but I got no response.

When you spoke to them what did they say?

 

[kpas]

Interesting that it finished in the green today.

Maybe just someone who didn't want to wait til tomorrow, but considering it traded at 55-57 all day, it is weird for them to pay 59 at close leaving a gap from 56 --> 59

Probably just reading too much into it but will be interested if there is news tomorrow.

 

[kitehigh]

I wouldn't be reading too much into it. It's not like it was alot of volume, so I am guessing someone just got impaticient and decided to buy at market price.

It does seem to have found a floor though doesn't it at .055, and volume has dropped off but the price is holding up. Makes for some interesting times ahead with impending announcements on JV. Lets hope it doesn't follow the old buy on the rumour dump on the announcement.

Maybe its time I had a career change and got into drilling, at least that way I will be right where the action is and know first hand how things are progressing. Imagine the extra cash you could earn if you were on the drill rig when it struck a major find. I guess thats where the Sat phone would come in handy. "Excuse me, I just have to take a toilet break!!"....
I guess alot of this goes on, must be pretty hard to police it.

 

[happytown]

nice accumulation this morning, turning into a nice regular day-trade this one with its early daily rises followed by clockwork like pullbacks

Issyk Kul licences field data completion anticipated in late November

oh and that little-mentioned jv farm-out thingy

re that miniscule volume purchase at yesterdays close, most likely someone tweaking eod stats

cheers

 

[adobee]

Seems to be strong this morning.. up to 6.3 c

whats the deal with the market depth .. it seems to go -
6.2
6.3
6.4
6.3
6.4
6.2

I have never seen this before where its not all in order etc .. maybe it is a problem with my comsec ?

 

[adobee]

Well one of the directors sold about $170k worth of shares.. Doesnt make me feel positive holding if he thinks its a good time to cash in... Unless he has done it to bring the price down and get his mates in !!

 

[KIWIKARLOS]

I dont think its any reason to panic!

He sold 3 mill out of some indirect account, day traders play with numbers like that every day and im sure his direct holding is much much more than a lowsy 3 mill shares!

Who knows maybe he wants to buy a boat

 

[happytown]

He sold 3 mill out of some indirect account, day traders play with numbers like that every day and im sure his direct holding is much much more than a lowsy 3 mill shares!

thanks for posting this kiwi,

as it sent me back for a re-read of the annual financial report released to asx on 31/10/07,

first on the director selling,

mark gwynne, executive director sold 3,000,000 shares on 14/11/07 (the co replied to an asx speeding ticket late that same day explaining that the sp movement could be due to the co signing an hoa with a potential jv partner - more on that shortly) as posted by adobee

the indirect account he sold them from, silverwest corp p/l is the same entity his director fees are paid into

but more pertinently these are the only holdings he owns (albeit as a benificiary), he has no direct shareholding

so he sold 3,000,000 of a toal holding of 8,500,000 - makes the sale a little more intriguing

however, on closer reading of the report, this emerged (bottom of p10 pdf file, p8 report),

16. SUBSEQUENT EVENTS

Subsequent to 30 June 2007, Monitor Energy Ltd entered into a Heads of Agreement with Medina Group Ltd for the right to form a Joint Venture in relation to the oil & gas licenses in the Kyrgyz Republic currently held by Monitor.

is medina group ltd the much-anticipated jv farm-out partner

an asx and google search failed to shed any light on them - anyone heard of them

cheers

 

[greggy]

Well one of the directors sold about $170k worth of shares.. Doesnt make me feel positive holding if he thinks its a good time to cash in... Unless he has done it to bring the price down and get his mates in !!

I too took it as a negative sign. Often when directors sell chunks of this size it seems to cap the share price in the short term at least. IMO if someting big was going to happen to MHL you would think that he'll be holding on, both directly and/or indirectly. The reverse effect can often happen when directors are buying.
DYOR

 

[tech/a]

26/07/06 saw 750000 shares bought by one of the Directors.
At the time the share price was .024c
Over the next 9 mths it more than halved to a low of .011c.
In March of 07 the stock then rose around 400%

Not a single purchase by a Director seen.
So youd think a potential rise of 400% would be seen by the directors if those with this theory are on the money.

Seems my research is proven pretty accurate once more.

 

[prawn_86]

I can see where your coming from tech.

However, personally i use director buying as a sign of confidence in a company. If a director buys then he is happy to invest in it, and if he sells vice versa.

I dont however use it as a sole factor.

 

[tech/a]

Prawn.

Its a logical,very human trait.
A leading indicator I doubt.
A psychological confidence booster,to most.

 

[prawn_86]

A psychological confidence booster,to most.

Very true, and i often think that directors purchase when the price may be weak in order to entice others to buy.

Anyways, back to MHL...its all gone quiet on this front again. Consolidation before a reaction (good or bad) to an announcement IMO

 

[mobcat]

Alls good Boys im long any way so who gives a hoot if some director need some fold for a new wine cellar......... the fundies are sound in MHL thats what counts ATM in these markets im on board for late 2008 looks the goods for me MHL so im going hard i even had a little top up today a bit un expected but why not if the op presents ...and it did so i took it today 500k @ 5.2 a bit of support for the team never hurt anyone in times of need in something you belive in hey

 

[YOUNG_TRADER]

however, on closer reading of the report, this emerged (bottom of p10 pdf file, p8 report),

is medina group ltd the much-anticipated jv farm-out partner

an asx and google search failed to shed any light on them - anyone heard of them

cheers

Hmmm interesting, not sure who they are, maybe its just a nominee name you know to hide the real party? Not sure


Also Directors can sell for many many reasons and you can specualte all you want but unless your them, you'll never truly know why they sold, funnily enough Directors usually only do buy for 1 reason

 

[stinger_au]

Alls good Boys im long any way so who gives a hoot if some director need some fold for a new wine cellar......... the fundies are sound in MHL thats what counts ATM in these markets im on board for late 2008 looks the goods for me MHL so im going hard i even had a little top up today a bit un expected but why not if the op presents ...and it did so i took it today 500k @ 5.2 a bit of support for the team never hurt anyone in times of need in something you belive in hey

Funny how you call it a top up - your top up is double my holding lol. I wish i had been able to get 500k back at 3.6 when i bought in . So if she goes good you will do well

 

[happytown]

...

maybe its just a nominee name you know to hide the real party

...

just had a d'oh moment,

forgot to search asic,

did and got this

Extracted from ASIC's database at AEST 08:59:13 on 23/11/2007

Name THE MEDINA GROUP PTY. LTD.
ACN 128 270 306

Type Australian Proprietary Company, Limited By Shares
Registration Date 31/10/2007
Next Review Date 31/10/2008
Status Registered
Locality of Registered Office Camberwell VIC 3124
Jurisdiction Australian Securities & Investments Commission

These are the documents that ASIC has most recently received from or in relation to this organisation. Page numbers are shown if processing is complete and the document is available for purchase.

Date Number Pages Description

31/10/2007 1E3794305 3 201C Application For Registration as a Proprietary Company

it may just be a coincidence but the registration date of the co is the same date as the annual report date asx release, ie 31/10/07 (the possible significance of this is that the info pointing to medina as the potential j/v partner was extracted from the annual report)

does anyone know of any oil major with a head office in camberwell

or for that matter a law firm with an oil major as a client

the director's details are no doubt available for a search fee through one of asic's information brokers

cheers