- Joined
- 18 October 2007
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Did I miss something here ?? I thought that today's announcement was good ??
Why the huge drop ??????
Why the huge drop ??????
Am I reading this right - that MHL just gave away more than 80% of their license share? Is this a bad thing? How are they able to now mine the area?
relax, people are panicking and selling their stock to lock in a small profit...
remember, for every seller, there are people buying..... why are they buying.. looks cheap!... 66 million shares traded so far today... its not like people are dumping and others are not buying them up....
True ... But I just watched over $3K go in a matter of minutes ........Sorry to those who lost more
Yeah people have lost around 3-6k by the looks of iti am still in a profit position but i was up 5k at the 6 cent mark. But i agree that there were a lot of day traders on this one. Everyone that was buying and pushing the price up to 6 cent were short termer's mainly. Now the massive sell has scared a few longer term people and we have dropped below 4 cent mark .
Damn - i just hit the zero mark - it's at where i bought it at. Oh why did i not sell at 6 centthis looks like it went belly up.
I've just come in from fishing and can smell fish. Maybe the fishy smell has more to do with what I have read in relation to the Medina Group. I wonder if the "heads of agreement" has given someone a cheap entry into MHL in the event of there being a valuable find and whether there is a relationship between Medina and any or all of the directors of Monitor. It needs some more investigation.
If anything it is a safer long term bet than ever, the terms take out some of the speculative upside but the risk is reduced. There is a lot of hot money in the market looking to make very fast returns so MHL probably no longer ticks that box for them. (Crazy market by the way, I remember when 20% per year was good going.)
Not a particularly great announcement ... to me it reads like they've sold off 85% of the value of their fields for $15m, as that's all they'll end up with after the exploring is done?
So they value 100% of their licence at $17.6m US?
Based on what, 600m shares on issue, that's US 2.9c / share or 3.29c / share at current exchange rate.
And then when it's producing, MHL only has a 15% equity.
Is my analysis right?
(I hope so, I bought in at 3.2c ...)
I really need to learn to stay the hell away from explorers!
Can some one explain this - what does it mean if they hit oil now that they only own 15%? All they had was the rights to mine so if they sold of 85% of this thats almost like selling 85% of the company isn it?
This is a load of crap. 80% profit I built up in the last 4 weeks gone in a matter of few hours. Not happy at all.
They still got Uranium licenses as well don't they which afaik are seperate to the ones they have a HOA with now.
Crikey, serves me right for taking a lunch break
its not bad they free hold 15% of a good prospect with no capital outlay and its up to medina to pay for any capital required for production MHL just gets 15% of the proceeds.
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