MHL - Monitor Energy

[adobee]

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.

Haha I had forgotten about that.. Yes I am sure it is.. Mark probably wants to get a above ground pool so he has bought in this morning, rang his mates and said ' hot announcement coming at 1pm' and then dumped his stock.. we'll probably see the change of directors notices out tomorrow..

 

[karmatik]

Can people please please stop with the running commentary on this stock, you are stating the obvious and are ruining this thread......

 

[AussiePaul72]

I find it very amusing that MHL rose 25% today on an announcement of a new company secretary!! That's the biggest false start i've seen for a long time .... ..... do others get the feeling the market was on tender hooks awaiting a big MHL announcement, possibly in regard to the JV! Seems as though something might be very close to being announced judging by today's reaction.

Even after today's big run, I'm encouraged by the current market depth. Over 7 Million in standing orders at or above 3c. Seems like tomorrow might be another encouraging day or at least consolidate todays gains at this stage. However, a lot can happen in a day!! DYOR

I'm a holder and if we see another few days like today .... i might even be ahead by the end of the week!!!!!!! Good luck to all and keep smiling

 

[stinger_au]

Happy new year to all

I came back from camping on Sunday and had a peek at the price which was at 2.7 which i expect did not think anyone was going to spend up big during the festive season.

I got back to work on Monday off site from the office so no net, got home late just before going to be my bro says that MHL went up 25% thought that he was just taking the piss out of me so rolled over and went to bed.

I got to check the price now to see its about where it was when i check but blow me out of the water it did go up 25% and almost as fast went back down LOL talk about a roller coster.

 

[Doris]

Let's hope MHL can help Kyrgyzstan with their economy!

8% growth in their economy yet 60% growth of state and municipal salaries!
... then he warns of inflation problems!
The 43% unemployed in this tiny 5.2 million population would be pleased! Not!


President Bakiev has addressed the government and lawmakers of newly elected Kyrgyz Parliament on Thursday, January 10.

Until recently, the president found an excuse for his failures blaming disloyal Parliament that meddled in his plans and the government's almost absolute independence. Now, the situation has dramatically changed. The head of the state would need additional justification of the present and future troubles.

"Macroeconomics indices seem quite well. Economy growth amounts to eight per cent. The state budget has risen twofold compared with 2005 and amounts to 41 bln soms. The export capacity of the country has significantly increased.

Economic growth has benefited in extended opportunities to solve social issues, such as decent remuneration for work. Salaries of state and municipal officials have increased by 60 percent. It is the highest rise in payment in living memory," Bakiev said proudly.

Then the president summarized key factors of the new economic and social policy: GDP growth, inflation level, labor capacity, income level and life expectancy.

The president cited the difficulties the country is facing to make the speech sound more realistic. Bakiev's message to the nation seemed like a preparedness call for high inflation level and price hikes the National Bank has forecast recently.

"Significant price hikes and high level of inflation are the main challenges to overcome. You are well informed about upward trend in world energy prices. Kyrgyzstan will be affected by the rise in gas and fuel prices. Kyrgyz economy is still too vulnerable to the fluctuations in the world of hyrdrocarbons market. Unless we undertake some reasonable measures the prices will soar in the first quarter of 2008," Kurmanbek Bakiev said.

"In the end, I would like to stress that the situation forces us to work concurrently and quickly. All plans shall be put into practice and followed through. The whole country waits for the government and Parliament to act!" the president concluded.

http://enews.ferghana.ru/article.php?id=2312

 

[Doris]

I like the company but I fear that if they do find something half decent the rug will be pulled from under them and "nationalised" then were left high and dry.

Your worries are over. They are doing the opposite to your fears.

New members of the Kyrgyz cabinet took the oath of office January 10 during a parliamentary session. Later, President Kurmanbek Bakiyev addressed cabinet members and MPs, telling them that a constitutional transition period was coming to a close, and that the country’s leaders should now concentrate on measures to stimulate economic growth and stability.


He also called on MPs to consider the privatization of state-run plants, and to authorize bond issues to fund infrastructure development.

Holding a dominating parliamentary majority, Ak-Zhol named 46-year-old Igor Chudinov, an entrepreneur with a background in the energy sector, as prime minister.

http://www.eurasianet.org/departments/insight/articles/eav011008.shtml

 

[2BAD4U]

Sorry Doris, please don't be offended or take this the wrong way, but lately in this thread you have posted stories on Kyrgyzstan's government, economy, etc. Whilst MHL have operations there could we please keep this thread on MHL not politics, after all there are other ASX companies with operations there such as CIG. So if need be, start a Kyrgyzstan thread. I don't see any significant relationship between MHL and your post above (#465). It would be a bit like posting about the Australian government and it's policies and the economy in the BHP, RIO, etc. threads.

 

[nioka]

Sorry Doris, please don't be offended or take this the wrong way, but lately in this thread you have posted stories on Kyrgyzstan's government, economy, etc. Whilst MHL have operations there could we please keep this thread on MHL not politics, after all there are other ASX companies with operations there such as CIG. So if need be, start a Kyrgyzstan thread. I don't see any significant relationship between MHL and your post above (#465). It would be a bit like posting about the Australian government and it's policies and the economy in the BHP, RIO, etc. threads.

As a holder of MHL I am interested in the comments made by Doris as I think it is very relevant to the fortunes of MHL. Please keep up the good work Doris.

 

[STRAT]

Sorry Doris, please don't be offended or take this the wrong way, but lately in this thread you have posted stories on Kyrgyzstan's government, economy, etc. Whilst MHL have operations there could we please keep this thread on MHL not politics, after all there are other ASX companies with operations there such as CIG. So if need be, start a Kyrgyzstan thread. I don't see any significant relationship between MHL and your post above (#465). It would be a bit like posting about the Australian government and it's policies and the economy in the BHP, RIO, etc. threads.

Dont entirely agree. Politics play a much greater role in a companys success in less stable political environments such as Kyrgyzstan and are therefore much more relevant
I for one appreciate Doris saving me the research time.

 

[KIWIKARLOS]

Exactly right for instance how bout last year when johnie announced plans for nuclear plants and the investigation into the feasability, we had a U stock "boom" as such and they ran hot like iron ore for a while.

And in such a fledgling economy that MHL has to work in i think any update is important. If the government there takes either a western or eastern side will greatly effect MHL and CIG's prospects. Remember this is the only place on earth where the US and Russia have military bases in the same country!

 

[Doris]

not really up on kyrgyz politics like i once was, so will be intrigued to learn of the election outcome

chairman spencer does have 20 years experience in aust foreign service's sevice in the region so would likely be no stranger to the main players


http://news.bbc.co.uk/2/hi/asia-pacific/7145133.stm

cheers

2BAD4U ... Hullooooo...

I suggest you go back to page 20 and read from there to see the context.

If you owned this stock you probably would have.
btw: This thread is MHL... not CIG.

I resisted the urge to report on a huge gold cores ann, a few days ago, as this was not on topic (MHL = oil & U) despite being contributory to confidence in the post-electoral climate as well as the resource-rich-potential nature of the country.
... even though I wondered if gold were one of MHL's "other interests" that they are pursuing.

I resisted the urge to report on Europe's rallying to provide winterized tents, fuel, heaters etc after the recent earthquakes in the south... despite this being a further catalyst for the need for the new govt's policies.. outlined in (#465)... where they NEED to boost the economy as they cannot provide for their own people's minus 20 degree survival needs!

The GDP per person is about USD450. It's a poor country.

The new (rigged) government has no excuse now but to promote MHL's (and CIG's) success. It is pretty obvious from Bakiyev's speech today that he (the supreme commander) is rewarding those who helped change the rules, with their salaries. SEE #465.

He needs oil to be found and produced as they import over half of their oil needs... and their policy ( see #465 ) goal is to export!

They and other foreign investment companies are an integral part of Kyrgyzstan's potential future success. Win/Win.

 

[Doris]

Sorry Doris, please don't be offended or take this the wrong way, but lately in this thread you have posted stories on Kyrgyzstan's government, economy, etc. Whilst MHL have operations there could we please keep this thread on MHL not politics, after all there are other ASX companies with operations there such as CIG. So if need be, start a Kyrgyzstan thread. I don't see any significant relationship between MHL and your post above (#465). It would be a bit like posting about the Australian government and it's policies and the economy in the BHP, RIO, etc. threads.

I was offended.


Thank-you KIWIKARLOS, STRAT and nioka for your support. Appreciated!
If I do something I try to do it well. Or I don't do it!

I initially bought MHL after researching comments you guys made on this thread!
I have shared my thoughts as I justify my own topping up and averaging down.

 

[2BAD4U]

If you owned this stock you probably would have.
btw: This thread is MHL... not CIG.

Yes I do own both.

My point was the information you were posting was about more than just MHL and I felt it belonged in a separate thread since it affected more than just one stock and to be honest didn't interest me. Others obviously think differently. No offence was intended (as I stated at the start) so I will shut up.

Now let's get back to MHL.

 

[SirBoss]

Doris your posts have been great and I look forward to reading more from you. Initially I too was taken aback when you first mentioned the political environment in that little 'stan region but the absolute relevance struck me when reading Key Petroleum's homepage (Ted Ellyard territory);
'...exploration risk prospects in prospective areas located in politically stable countries.'

I hold MHL albeit a little nervously.

 

[Doris]

Yes I do own both.
My point was the information you were posting was about more than just MHL and I felt it belonged in a separate thread since it affected more than just one stock and to be honest didn't interest me. Others obviously think differently. No offence was intended (as I stated at the start) so I will shut up.
Now let's get back to MHL.

I underline and bold aspects that I feel pertinent!
Obviously what I’ve posted has been on the political scenario that could potentially become volatile and thus affect all foreign companies. My prognosis is that they are obviously desperately needed and have the green light! So I won't post again unless I see smoke.
I wonder if CIG holders have stumbled on this thread and are watching my posts to ascertain the risk prospects for their company.

As a holder of MHL I am interested in the comments made by Doris as I think it is very relevant to the fortunes of MHL. Please keep up the good work Doris.

Dont entirely agree. Politics play a much greater role in a company’s success in less stable political environments such as Kyrgyzstan and are therefore much more relevant
I for one appreciate Doris saving me the research time.

Exactly right for instance how bout last year when johnie announced plans for nuclear plants and the investigation into the feasability, we had a U stock "boom" as such and they ran hot like iron ore for a while.

And in such a fledgling economy that MHL has to work in I think any update is important. If the government there takes either a western or eastern side will greatly affect MHL and CIG's prospects. Remember this is the only place on earth where the US and Russia have military bases in the same country!

Doris your posts have been great and I look forward to reading more from you. Initially I too was taken aback when you first mentioned the political environment in that little 'stan region but the absolute relevance struck me when reading Key Petroleum's homepage (Ted Ellyard territory);
'...exploration risk prospects in prospective areas located in politically stable countries.'

I hold MHL albeit a little nervously.

16 Dec:

not really up on kyrgyz politics like I once was, so will be intrigued to learn of the election outcome
chairman spencer does have 20 years experience in aust foreign service's service in the region so would likely be no stranger to the main players
http://news.bbc.co.uk/2/hi/asia-pacific/7145133.stm

20 Dec:

Not sure what to make of the political change,
But it didn't seem to bother Macquarie who have taken 5% of CIG at an avg of 12c I think
They must have faith in CIG's prospectivity and potential to do that wouldn't you think?

Released 3:30am today:
http://jamestown.org/edm/article.php?article_id=2372709

“President Bakiyev has surrounded himself in the new government with loyal political supporters primarily interested in the continuity of the current political regime and their public offices. This political clique will be interested in having Bakiyev re-elected in 2010. But the clique’s populist and corrupt politics almost certainly will prevent Bakiyev from peacefully and predictably transforming state power.

The president’s choice of Igor Chudinov – a former businessman, director of KyrgyzGaz, and minister of energy – as prime minister came as a surprise for many. The energy sector in Kyrgyzstan is known for its endemic corruption. Chudinov is an ethnic Russian who was able to secure stable positions in public and business structures after Bakiyev came into power. He has already announced a few projects to develop energy sites in the country, but whether he will be able to successfully implement them and curb corruption in the energy sector remains to be seen. Chudinov is the fourth prime minister in Kyrgyzstan since Bakiyev became president in 2005.”


Note… Bakiyev chose Russian-speaking Chudinov for PM as he cannot speak Kyrgyz… by law no-one can be president if they do not speak the language. Thus Bakiyev did not feel threatened by his challenging him for his position in the future.
But… I’ve read Chudinov is learning the language!


“Saparbek Balkibekov, replaced Chudinov at his ministerial position (for energy). Under Balkibekov, Elektricheskiye stansii, Kyrgyzstan’s major producer and retailer of hydropower, was infamous for having up to $40 million embezzled every year.”

“Meanwhile, Bakiyev’s opposition has chosen a rather passive position since its defeat in the December 16 elections. Although opposition parties underwent rapid development in the three months prior to the elections, most of them remain silent about the government’s widespread falsifications during the elections. Few public protests or media statements have occurred since the elections.
However, the political opposition will gain strength in the coming month if Bakiyev’s government is unable to respond to a looming economic crisis.”

“Western election observers heavily criticized both the handling of the polls and the complex arrangements under which most parties were excluded from taking seats, whether or not they won votes nationwide.”


… All protestors were jailed and fined!!! So they decided to contest through the Supreme Court.
It’s stacked with self-interest-surviving in Bakiyev’s dictatorship, so of course they ruled the election was legal!


“The new minister of education, Ishengul Bolzhurova, had been a loyal friend of former president Akayev and his family, but she reoriented her support toward Bakiyev’s regime in a matter of days.

The current Kyrgyz parliament is full of unprofessional people with uncertain political views. “The parliament is full of ‘dead souls’ willing to follow the regime.” New Parliamentary Speaker Madumarov is known for his populist politics during Akayev and Bakiyev’s presidency.

"The overall economic picture seems murky for Kyrgyzstan in 2008.
The political opposition will gain strength in the coming month if Bakiyev’s government is unable to respond to a looming economic crisis. Local experts expect that inflation rates in 2008 in Kyrgyzstan will reach 12-15%.
(bread prices doubled in 2007 from corruption with imported grain)
In the coming month the opposition might be able to mobilize the population to protest increasing prices for food and utilities."

"But it is likely that only elections, either parliamentary or presidential, will offer the next possible window of opportunity for the opposition to regroup against the regime.”

5 Dec:

hey young
is there a time frame for when the they start drilling to look for oil?
and all other drilling in general.

Hey mate, 6-12months I'd say,
But it should only take a few weeks to get drill targets via seismic interpretation,

Now this is the important part as once targets are defined, speculative valuations can be given by brokerage firms for drill success, as I have shown a 100M bl discovery = 50c value to MHL's 15% interest, at a 10% EV = 5c which is still well above current prices,

$18m mkt cap
Great management, ex HDR, DYL and so on
Great Elephant sized targets with funded/carried interest
Prospective Uranium projects
Looking for new projects

Ticks the boxes for a great 10 bagger spec for me

 

[stinger_au]

ARHARHARHARHARH

man the market has gone belly up, why oh why did i not dump these shares when i had the chance --- how low can this thing go ? I mean can the company go bust from this ? dropped 15% today !!!! 15%

 

[mobcat]

Cheap im buying today ..........things get to a point sometimes when the price is crazy relative to the news stream pending and we have reached that IMO........ goodluck all shes a bumpy road ATM but the loyal will benifit in the end IMO

 

[stinger_au]

Yeah but why did i ever buy in at .036 lol could of bought 500k shares now for the same price i paid for 250k

 

[mobcat]

Somethings on the cards ATM depth sure is building pending news from head office ........i cant wait for MHL to firm up it,s grand plans that are on the tabel ATM i can sure smell a earn in the air from MHL especially from these sub 3 cent levels .......sure would be nice to test the 2007 highs again on firm news as i hold truck loads of this little oily penny gem :dance: party time

 

[gordon2007]

Funny, under yahoo quotes there is a news tick indicating a news release has come out. I dont' see any news though in Etrade or anything else. Then today there is a bit of volume and sp is a few ticks up.

Anyone know anything? Is any news even expected shortly?