MHL - Monitor Energy

[habs]

This is very disappointing, but a good learning experience. This one is in the bottom draw, who knows what will happen.

On the face of it, they have the right people, and what looks to be a sound team (on paper), But there is just no go forward, not many market updates on what they are doing,and as a share holder you are left wondering for weeks on end what they are doing.... and a sense this year of no real motivation to get deals done, get projects underway etc... that is the impression I get. Nothing,zilch, no info on the asian projects that were hinting at earlier on.

This makes you wonder how on earth they are going to pay their staff wages in the 2nd half of the year! I could be wrong here and they might be trying their damn hardest.. who knows.

Im sticking to company's with a go forward, get the job done attitude with regular market announcements from now on.

 

[alankew]

I think some way of assesing management aprat from their previous track record is to fire a few emails/phone calls to them and see what response you get.If they ignore you once,never mind if they continually ignore you take your money elsewhere.(there are some ignorant B"s out there)Might even get the odd unknown snippet

 

[TCB]

56 days to D-Day....10th July is the end of the 90 days. Doubt whether they will hold out till the end, but not holding my breath...good luck to those still holding...

 

[ba229]

What... nobody want to coment on the lastest announcement regarding the lastest survey results?

Don't look at me.

 

[chrissyoscar]

What... nobody want to coment on the lastest announcement regarding the lastest survey results?

Don't look at me.

Please enlighten us.
Hope the news was good but seeing that the share price dropped 10% today perhaps not.
I have had my eye on this stock but have been a little scared to jump on board.
Was it good news?

 

[BenH]

I think it had some positives in it however as there is still no guarantee that the JV will be signed, many are still too scared to jump in. You could readd all sorts of scenarios into it, i guess time will tell.

 

[Dukey]

What... nobody want to coment on the lastest announcement regarding the lastest survey results?

Don't look at me.

what!? - with an avatar like that?? How could we not???

... lastest ??? sorry .. couldn't resist

Announcement seemed promising to me - some potential big targets... but theres a long long way to go.

g'luck all - Dukey.

 

[Santoro]

Announcement seemed promising to me - some potential big targets... but theres a long long way to go.

With that sort of announcement I would expect that if it was extremely positive one could expect the JV signed off, no?

I like the potential here, however this needs to go lower before I get in, the low cash reserves are a worry.

 

[Dukey]

With that sort of announcement I would expect that if it was extremely positive one could expect the JV signed off, no?

I like the potential here, however this needs to go lower before I get in, the low cash reserves are a worry.

I believe further down the release they mentioned that the JV partner (potential partner?) was currently raising the required capital in order to go ahead and sign the agreement.... or something to that effect.
but yes I would think the signs are positive. Maybe someone more in the know about how these agreements work could shed more light as I'm no expert by any means.

 

[ba229]

he he he

thanks for the nice comments. That picture was taken by my best friend on her mobile. I just like it so decided to use it.

Anyways it was a neutral day in SP today and I am kind of relieved at that. I guess the JV is what will decide the fate of MHL what with such low cash reserves and all.

Its been a stock light on for announcements and then one that seems positive does little but drive SP down more.

 

[BenH]

Well i think i will vote ba229 as having the best pick on this forum, and MHL as the most frustrating, but worth the wait when the JV gets signed, Im seriously considering buying a few more while the price remains low. Its a risk i know but gee, what an upside

 

[AussiePaul72]

Seems to be the start of some momentum going forward in MHL at present. Buyers have been building and now actually outnumber sellers.
The SP rose sharply by over 17% on Friday. I'm not aware of any news pending for this coming week. However, as those that have been watching know, MHL has a low market cap of $12-13M with a lot of potential upside. Maybe the market is once again realising this potential!! Anyone have any other news??

 

[BenH]

Im not sure of the details, but according to another site, MHL are waiting on a Joint Venture to be signed by Sentry, an american based company i think. According to sources Sentry have been in the process of raising funding before they sign off on the JV, one of their management people has announced on a radio station in New Zealand that he has been successful in raising capital. So i think people are joining dots, and assuming that its all related. I believe the JV has to be signed off withing a month from now, otherwise as MHL has no money, could be up the proverbial creek. On a side thought, another post i read mentioned a company drilling for uranium near MHL's leases accidentally struck oil lol. Either way, im in, and thinking about getting a few more. I think this has the potential to move rather quickly.

 

[stock nub]

Yeh all of a sudden on friday the buy side got stacked. I was having a look in the morning and it was around 11million to 22 million sellers then at close it was around even.

A good listen............. An interview with Mr Alan Hart from US exploratory company, Sentry Petroleum, on peak oil. He mentions a little about capital raising for his company!

http://www.radionz.co.nz/national/programmes/saturday/20080607

enjoy

 

[mobcat]

Hi guys just got back from holidays and wow good old MHL is in play big time 10,000,000 in the buy depth at 1.9 and it,s not me for a change Somethings on the go in old Boratville!!!!

Must be the JV with Sentry only 3 weeks to the deadline pre Ann pressure ????

 

[stock nub]

Gone up around 40% since the 4th of June. $0.017 to $0.024 at today's close. Someone was playing around at close to take it up the last 5% today with a buy of $500. My take on it is people are jumping on board prior to the expiry date of the cooling off period with Sentry. But I'm a noob so this is just my guess. Also the buy depth has improved greatly and now outweighs sellers.

Anyone else care to give us an opinion. What is a justifiable price once the JV is fully confirmed. ATM the market cap is around $15m @ $0.024 and from memory the JV was worth around $8m in stage one and $5m in stage two and also covers operational and office costs up until earning periods from wells? (lol is this going to happen ever

Once this is signed off maybe a reasonable price taking into account the funding from Sentry is around:

@3c Market cap $19m approx
@4c Market cap $25m approx

CIGs market cap ATM is around $70m and there in the drilling stage in their tenements so on a peer comparison maybe MHL will be slowly re-rated as they tick off the boxes up until drilling!
I see potential upside form here on in!

Happy to be corrected by the more experienced as the name says it all:

Cheers Stock nub (n00b)

 

[mobcat]

Big run today on open ,whats in store for our little baby today she sure seems popular of late if we can break the 2.5 shackles with strength we could sure test 3 cents on this pre JV ann pressure alone .

Very cheap MHL really at these levels with what they possibly have in Kyrgyzstan large fields of oil and U308 when and if the Sentry stamp go,s on the JV and the 16 mill kicks in we indeed could be in for some profits ,long over due but sure would be nice

 

[2BAD4U]

I'm getting sick of these share placements costing me money.
MON had a share placement approx 25% below what they were trading at.
FML bought at 8c then a share placement at 5.5c now they are trading at about 4.8c

Now MHL, things were looking good today at 2.6c and then the announcement of a 1.4c placement and bang.....back to 1.9c (27%). I was a bit too slow hitting the sell button


EDIT: There goes my run at this months stock tipping competition

 

[Synergy]

Yes it's seriously annoying. Especially when this is not the announcement the market was expecting, with JV news expected this month.

I'm happy to be out at 2.2, but very frustrating.

 

[rapture2002ca]

I'm getting sick of these share placements costing me money.
MON had a share placement approx 25% below what they were trading at.
FML bought at 8c then a share placement at 5.5c now they are trading at about 4.8c

Now MHL, things were looking good today at 2.6c and then the announcement of a 1.4c placement and bang.....back to 1.9c (27%). I was a bit too slow hitting the sell button


EDIT: There goes my run at this months stock tipping competition

I feel your pain, another kick in the guts for the MHL faithful. Well I'm almost out of faith with this dog stock. Another pump and dump.

MHL management really know when to release a lousy ann to the market just when things start to look up. If it was a one off then ok, but this is probably the 3 or 4 time this has occurred and the sp has spiralled into meltdown.

I'm still in (foolish I know) just because of the JV deal soon. But I've got a sneaking suspicion that even when that gets ann it aint going to lift it much due to the seemingly shady approach MHL's management have with their communication skills.