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MHL - Monitor Energy

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billgeld said:
Time for some action me thinks.
Its been quite boring watching mhl just sit there doing nothing

IT was so much better watching it at 6 cents.
Click to expand...

Boring... yes!

The market is down 144 with a sea of red and MHL just sits steady in black at Friday's close. Hard to tolerate!

But... The sales are people swooping from the sidelines!

The lineup buyers have been there most of the day except for a buyer of 200k @ .024 who seems to have decided to bite the bullet!

ooops!

A seller just came from the sidelines again to take out a buyer of 50k @ .027. All the sellers of are still there in line.

boring...

Will it close @.028?

atm: 161k Buys @ .027
..... 1190k sells @ .028
 
There was only 6800 shares traded at 2.5 from what i see.

Volume looks a bit better today.

I grabbed some more at 2.7 today.
 
billgeld said:
There was only 6800 shares traded at 2.5 from what i see.

Volume looks a bit better today.

I grabbed some more at 2.7 today.
Click to expand...

He panicked of course when it opened down .001 @.026

Another buyer has entered: 100k more @ .025

Otherwise... boring.

ooops... another 2 buyers have entered the lineup: 100k wanted @ .027!
... 30k more for sale @ .028

261k wanted @ .027 now 1190k for sale @ .028
 
Hey guys,

Can we please avoid price and volume commentaries.

Anyone that wants to know can easily look it up themselves, so there is no need to repeat it all on the thread, unless there is something really outstanding, or aother information is being added.

Thanks

Prawn
 
2.8 is gone now.

Looks like we should be getting some news soon. What you people think?

There been a couple big parcels like 3 mil at 2.7 and 1 mil at 2.8
 

OK Prawn we shall refrain from price updates

So would the weather be effecting MHL alot now, because i think it was effecting CIG
 

It was outstanding... the lineup was stationary all day with the volume of trades coming off the sidelines.
Then suddenly people were joining the queue!

And my prediction late last week, based on my chart, meant today was imperative to a breakout.

But I take your point!
 
the ann of the ratification of the formal heads of agreement regarding the mhl/medina j/v must be coming any day now (co last informed due end dec 07) and with this may come more news of medina

and per several anns (found in the bodies thereof) the co is assessing other potential petroleum leases globally (expect more j/v's to arise should any of these come to fruitition)

cheers
 
Finally an ann from MHL!

Ann 2:24 today:

Change of company secretary... appointed from 1 January.

Does anyone know why Martin Stein in this role would cause such a hike?
 
Well don't know if it is the same martin stein but just a real quick internet search and there is a martin stein name associated with LAT and a few other mining companies.

Doris said:
Finally an ann from MHL!

Ann 2:24 today:

Change of company secretary... appointed from 1 January.

Does anyone know why Martin Stein in this role would cause such a hike?
Click to expand...
 
well...

How can this surge be attributed to my fiduciary prowess?

Still bored Billgeld?
 
MHL currently up about 18% huge hike for a change in company secretary people must of really had bad feelings about the last one... I think there has to be something else coming .. well I hope so cause I am almost back in the green!
 
Yeah have a big smile on my face haha

This rise surely cant be because of a new secretary?

We still awaiting more jv news.
 
I have a bad habit of just missing stocks I want. Normally by the smallest of margins.

Buy order left untouched at 2.7c after missing 2.6c this morning. Not brave enough to jump on now.

Well picked to those that saw it coming. I'll learn eventually. Maybe.
 
YOUNG_TRADER said:
Hmmm something interesting is going on at MHL

The last 4 days have seen a steady increase in volume, but little to no movement in price

Wed = 800k, Thurs = 2.5m, Fri = 5.35m, Mon = 7.35m so far, Tues = ?
Click to expand...

Guys it was pretty obvious that something was going to happen soon

From a purely trading technical point of view you've had stocks like RSL and GDA just go banana's on nothing really, so it was only a matter of time before MHL went nuts again

Of course we are still waiting on the formal JV so this maybe insiders
 
Hmmm...

At precisely 1:05 buyers joined the queue after predators had snapped up from the sidelines all day.

At 1:24 came the asx ann... about a change of company secretary.

then the flurried hike...

Now at 3:05 people have been taking a breather for 7 minutes!

Did someone leak ... about 1pm... that an ann was coming out?

Did the greedy jump and create an avalanche?

Oh. Just about a change of company secretary...

Will it now be taken down by profit takers?

Or is this the first ann of the many due and people want on board?
 
Frenzy of predators again.

The buyers are all coming from the sides!

Watching... waiting... pouncing!

So the volumes lined up are NO indication of what is to come!
 
So can anyone explain why there is a seller at 3.3 for 500K and a buyers at 3.4 for more than that? Must be an automated system not keeping up.
 
No this is called the pre closing single price auction stage and occurs between 4 and 4:10. Once it hits 4 the markets closes but orders can be placed and canceled until roughly 4:10 where the final transactions will take place and the closing price is determined.
 
Thanks jama. It happened right on the closing bell. Will be interesting to see what happens tomorrow. I'm still not quite in the black, after director Mark cashed in to buy a new trailer home and rattled the market. I just hope he has not done a shonky and bought back in at the bottom.
 
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