MPO - Molopo Gas

[The Mint Man]

looks like another big Vol day, hardly an hour in and looking to crack 40 million.

 

[Techbuy]

It looks like it will be stuck in the 13c to 14c range
pointers now would be a big help.

 

[exberliner1]

Agreed moses.....re: our earlier discussion on turning $5k into $50k short term - would you agree that a purchase of MPOOA a few months ago for 0.5c and a sale on Friday above 5c would have done the trick....

I didn't buy at 0.5c myself .... but I know a few who did....and who still hold...

I had an average of 3.6 although I must admit to selling quite a few between 5.5 and 5.1 on Friday - although that was just a case of locking in profits - I think I will be back buying again next week.

EB

 

[moses]

Agreed moses.....re: our earlier discussion on turning $5k into $50k short term - would you agree that a purchase of MPOOA a few months ago for 0.5c and a sale on Friday above 5c would have done the trick....

Of course.

Remember that I was in the group applauding Insider, applauding his goal and exposing his critics.

 

[MalteseBull]

Is this stock stuck or what?
Seems to be a road block with sellers.

 

[The Mint Man]

Yes it has just been hovering for the last few days, However I think that it will be on its way again soon pending some news which is still to be released. Maybe thats what everyone's waiting for? I refer you to the announcements dated 30/1/07 & 5/2/07 which indicate more news in the near future.

Cheers

 

[Techbuy]

Yes it has just been hovering for the last few days, However I think that it will be on its way again soon pending some news which is still to be released. Maybe thats what everyone's waiting for? I refer you to the announcements dated 30/1/07 & 5/2/07 which indicate more news in the near future.

I know this is 5/2/07 but some of you may not have seen this little bit:

Molopo advised that gas shows have been encountered in the recently drilled Shannon Neal #1 well in the Pennsylvania Allegheny sandstones in West Virginia. The well was drilled and cased to a total depth of 306m. Molopo has identified three zones in the Shannon Neal #1 well worthy of further evaluation by testing. These three zones, which have a total thickness of 10m, will be perforated and tested to determine the economics of the well. The testing equipment will be mobilised over the coming weeks. Molopo holds a 50% working interest in 5,700 gross acres of conventional gas rights with JV participants Foree International (25%) and Republic Energy (25%).

So the ann we are waiting for might be to do with the results from this as they do say "over the coming weeks"

 

[The Mint Man]

Thats what I was getting at

cheers

 

[MalteseBull]

energy sector was up last night,

MPO - still pending news i spose in negative territory atm

edit - some big buys too this morning,

 

[nizar]

I picked up a few today at .105 for 2mrws bounce.
In my opinion.

Seen this set up many times before, WMT, BLR, APG.
Shoot through 10c to maybe 12-13c, then settles back down to support at 10-10.5, then away again.

 

[MalteseBull]

MPO may be a good speculative short term buy now under 10cps

 

[Sean K]

MPO may be a good speculative short term buy now under 10cps

Why is that MB?

 

[Biggle]

Going by 2P reserves (Probable) of ASX CBM plays QGS 228 PJ price 1.52, Takeover in progress. AOE 498 PJ Price 1.33 225Million farm in by EIG, MPO next highest 2 P reserves 83 PJ (Overseas fields Not Included) price 0.086. If I was a large company looking for a stake into a CBM play, which seems to be the go at this time, I'd be looking at MPO. What do you reckon will happen to MPO sp with a farm in or Takeover offer? That is my 2cents worth why MPO is worth considering at under 10cents. Just my opinion. Figures were taken from quarterly activities report at www.metgasco.com.au on page 17.
PS looks like AGL has won the bid for QGC, I wonder if Santos and TCW are still shopping for a stake in Australia's CBM fields.

 

[Techbuy]

Does any one know what caused the jump today opened at .083 and now .097
I have looked around and cannot find the cause yet..

Cheers

 

[chops_a_must]

Does any one know what caused the jump today opened at .083 and now .097
I have looked around and cannot find the cause yet..

Cheers

The whole CSM sector seems to be going nuts. AOE into outstanding breakout territory and MEL just breaking out today.

 

[BIG BWACULL]

Is molopo having another go at it increasing volume? Would it be fair to say resistence at 10c support at 8? Glad I bought a while back at 11c

 

[BIG BWACULL]

cmon another half a cent and i'll have my money back , just gotta get rid of those 3 million shares standing in the road

 

[Povesa]

cmon another half a cent and i'll have my money back , just gotta get rid of those 3 million shares standing in the road

It's not likely to happen today mate. It's Friday and market depth does not look promising.

 

[nizar]

Solid close today.
Buyers chased.
I saw 1.4million buyer take out all the .105 sellers.
Then a 900k buyer took out the .11 sellers the whole line.

And daytraders havent even started playing with this one.

Maybe news from china soon?

Just need a gap up 2mrw and away we go...

Disc: i hold a few.

 

[chops_a_must]

Solid close today.
Buyers chased.
I saw 1.4million buyer take out all the .105 sellers.
Then a 900k buyer took out the .11 sellers the whole line.

And daytraders havent even started playing with this one.

Maybe news from china soon?

Just need a gap up 2mrw and away we go...

Disc: i hold a few.

Oh noez! You've gone to the dark side!

It's amazing what a bunch of rampers can do on HC. Lol! Far better and more reliable plays out there in the same field as this. I hope you are prepared to take profits quickly with this. Although I just had a bit of deja vu where I thought about regretting that statement. Lol!

Looking for a short term play on this myself. But... as with these ramped stocks, the tech gets a ahead of the fundamentals. It's a while off being in the same league as some of the others.