Australian (ASX) Stock Market Forum

MHL - Monitor Energy

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gordon2007 said:
Fair bit of people dumping it at 4 though. Needs much more volume. And to think....I was thinking it was going to be a buying oppurtunity today.
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Even tho the supporting depth looks thin and the sellers thick .... theres plenty of volume on the upside today, all supporting a breakout, todays overall market wont be helping MHL sp though
 
Sell side is thinning out, there was significantly more backing up 4c - 4.5c this morning and its more or less disapeered.

We might actually see a strong finish.

Based on no news and a red DOW, it is probably safe to say that some news has been leaked - does anyone agree?

MONITOR ENERGY LTD FPO

Code Bid Offer Last Change* Open High Low Volume News
MHL 0.039 0.040 0.040 +0.007 0.033 0.040 0.033 18,823,073

Buy | Sell | Add to Watchlist | Research | Chart | Print | Help


Market Depth
BUY SELL
Number Quantity Price
2 243,631 0.039
3 847,000 0.038
7 689,632 0.037
6 710,555 0.036
7 992,857 0.035
6 826,000 0.034
7 1,604,251 0.033
8 2,172,376 0.032
7 2,130,000 0.031
9 2,642,000 0.030
#
1
2
3
4
5
6
7
8
9
10
Price Quantity Number
0.040 1,640,500 9
0.041 1,300,200 4
0.042 1,066,900 7
0.043 1,453,000 6
0.044 280,424 3
0.045 858,790 5
0.046 160,000 2
0.047 60,000 1
0.048 125,000 2
0.049 700,000 2
 
Yep there she goes on the way up ... big bite and volume at .04 .................... :)

Thankyou to YT and everyone else who has contributed to this thread ... I bought this on vol 31st Oct and after reading all the great info decided to hold it thru the volitility. Todays volume has been a surprise. A big Thankyou!

Will be interesting seeing the anns
 
Thanks guys, after reading through this thread I decided to take the MHL plunge yesterday at 3.4c, and we're now into 4.2c :D
 
YOUNG_TRADER said:
I know that there's an opportunity cost of having capital tied up, but good things come to those who wait,

And I'm waiting for the Oil JV ;)
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MHL has broken out above 4c now, good volume too!

What a difference a day makes hey guys? Good things do come to those who wait :D
 
Nice to see it break the .04 barrier. However I wonder if it can hold and close above .04 today. To me, holding above .045 is key for this thing to really take off. Certainly hope so. Only wish I had more.


thewahaman said:
Thanks guys, after reading through this thread I decided to take the MHL plunge yesterday at 3.4c, and we're now into 4.2c :D
Click to expand...
 
This is pleasing to see some green...

Whats the storey here though? Obviously all these buyers are not buying today at highs because they think the fundementals are great ... What do people expect is coming or has been leaked?

If they do have some great announcement coming now would be a great time to go into a trading halt and hold this price till the announcement is out..
 
That wall they built is taking a real battering at the moment,soon be up to 44 and beyond,great to watch,OOPS!Refreshing the wrong SP,ignore post-goog job it wasnt the buy button i was hitting
 
Back on the correct sp.Will this hold at this level with the weekend here and the nervousness that will be back in the markets especially Wall street,what do rate the chances.I imagine it will drift back a bit but any sells will get snapped up
 
alankew said:
Back on the correct sp.Will this hold at this level with the weekend here and the nervousness that will be back in the markets especially Wall street,what do rate the chances.I imagine it will drift back a bit but any sells will get snapped up
Click to expand...

I think we may have seen the end of 3.5c days.

The only reason I say that is because we've had a 25% (approx) increase on what can only otherwise be described as a really crap day for stocks and no announcement to support this movement.

I expect a speeding ticket later today no doubt?
 
Woooooooo HOOOOOOO get down and boggie Dudes:dance: :bandthis is good...... let the good times roll GO GO MHL you little gem in a frozen land of soiled Mankinis this ones pretty to watch rewards for the loyal given the fullness of time :D
 
looks like MHL has closed at .04 today . nice increase, plenty of volume around the last few days.. i certainly was not expecting today to be like it was.. i agree with a comment a page or 2 back... we could be sitting here in a years time only dreaming of 3-4 cents a share! should be a bumpy ride, but interesting!
 
habs said:
looks like MHL has closed at .04 today . nice increase, plenty of volume around the last few days.. i certainly was not expecting today to be like it was.. i agree with a comment a page or 2 back... we could be sitting here in a years time only dreaming of 3-4 cents a share! should be a bumpy ride, but interesting!
Click to expand...


Yeah i feel a bit better now, still wish my timming had been better - this is what i did sold my shares in IDL at .52 and bought MHL at .036 - a week later i could of sold IDL at .68 and bought MHL at .032 and saved myself 4k :*( or bought more MHL and had 3k shares now i only have 2.5k but seems that i should pay of in the long run.

But yeah this baby is going to kick off big time one day when its hit .20 or something maybe even more if they hit the big time we will all be dreaming about the .03 .04 days. :D:D:D
 
camaybay said:
Stinger _AU,
It happens all the time :banghead:, but you must have more than $90 of MHL.:bier:

Cheers
Click to expand...

$90 ? is that missing some 0's he he from my limited knowledge its not worth buying $90 of shares in anything.

I would also like to ask a question, MHL has release a lot of information - do you have to be an accountant to work most of it out ? I been reading some of it and i can see that they are spending a lot of money looking for oil, gas and uranium and only making money from shares.

How long can they do this without hitting some pay dirt before the money runs out ? If i have missed something basic than I apologize - it's hard to read through heaps of information when your sort of brain dead from a weeks work where you have to read loads of other stuff too :(
 
Just get a basic accounting book Stinger. I dont have a lot of time tonight, but here goes.

Im not looking specifically at MHL, but on a very basic level you need to look at the Cash at Bank and then how much they are spending per timeframe in order to see how long their current cash will last.

If they are set to run out then they will either need to organise a JV with another co (which MHL is in the process of doing), or do a placement to 'sophisticated' or general, or both types of shareholders.

Also look if the co has options, and if they are close to expiry and if above the strike price this can provide an injection of cash into the coffers.

That'll do for now, hope it helps. An accountant could prob go into the details a lot more than me. Im just a Finance student :)
 
Nice advance for MHL today when the rest of the market seems to be struggling. Maybe there is an announcement coming.
 
In the recent activities report they were pretty ademant of getting a JV with a major partner up and running soon. They said they have been in negotitaions and expect an outcome this month!

Im holding on for the ann
 
WOW what a day MHL is having on a day when the ASX is down over a 100 points this ones defying the market again i missed it all today but it looked like fun today.......40 mil plus in Vol VWAP 4.3 looks great strength in the market for MHL ATM could of been a pump and dump by a trader but it looks like MHL SP handeld it well if it was good times for holders by the look of the last few days trading i hold buckets of MHL so im very happy holding awaiting the JV Ann .............Like Kiwi said you have to be daft to sell befor goodluck all and thanks again YT for putting this one forward for us all to profit from ;)
 

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