MPO - Molopo Gas

[chris1983]

hi chris - didn't realise AOE has such a big 2P/3P base as well. Given time, we'll see the same with MPO - they've got a lot of cracks to frac!

re: T4P thats why I always add a disclaimer to all HC posts for the ASF faithful.

But I do find that despite shortcomings I get a lot of useful information from his work, and as such hold him in high regard.

I think he is very good also. I kinda of have a negative sentiment towards him because of his reactions when I pull him up. But its all good. MPO are going along nicely. Welldone with them.

 

[chops_a_must]

I think he is very good also. I kinda of have a negative sentiment towards him because of his reactions when I pull him up. But its all good. MPO are going along nicely. Welldone with them.

There is absolutely no comparison between MPO and AOE in my mind. AOE have what, 900Pj in 2P from 2% of their land holdings in Australia? With a target of 1100PJ by the end of this year, which looks like it is going to be exceeded.

To me, on this project alone, MPO's fair value on a comparative basis would be a market cap of around 200m. Which would still be a significant premium to today's share price. But it certainly isn't an AOE.

 

[nizar]

Upwards and onwards today for this one.
Having a great run.

Several large parcels going through today.
500k has become common.

Blue skies once again

 

[SGB]

Upwards and onwards today for this one.
Having a great run.

Several large parcels going through today.
500k has become common.

Blue skies once again

Yep
Really going strong. As long as the fundamentals remain upbeat it could convulse through the 1995 high of 25c.

 

[sting]

Off and running to a good start todat over 1mil ea of shares ans oppies in the first 5 min....

SEMPER UBI SUB UBI

 

[Caliente]

yup - this is real and its happening right now.

Just broke through 23.5 cents. My price prediction for close today based on morning action is a +2/2.5 cent gain, to 25.5/26.

 

[Jimminy]

Well the buyer is still there on the front line. You would think that to put $172000 into a stock of this type you'd have rocks in your head! Unless of course they are expecting some great returns ?!

It's interesting to read back on old posts (Dec 06) and think that we were the ones with rocks in our head!!

Wonder if they still have their 4m shares at 4.3c?

 

[nizar]

Attached is a chart showing how well the 20dma has acted as support during this breakout beginning at the first green circle.

I saw it as a break of resistance on volume and as such this green circle was the day i initially bought in.

20dma now sitting on 17.5-18c which would be ideal support, also is the horizontal resistance [blue line] (which should become support on the way down if the uptrend continues).

Second green circle is where i topped up, once she bounced from the pullback, confirming the previous low of 14c is now the new support [blue line], and this confirmed the 20dma as a support as well.

If this was to pullback to 17.5-18c the uptrend would still be perfectly intact, and ill be waiting there for a top up after the bounce.

 

[Caliente]

still moving beautifully.

Controlled Insto buying propping 1.5-2.5 cent rises every day, and the vast majority of this volume is buying, with entire lines being taken out in hits.

Good sailing for the MPO, and the sector as a whole.

AOE/QGC doing amazing things too =)

 

[constable]

It's interesting to read back on old posts (Dec 06) and think that we were the ones with rocks in our head!!

Wonder if they still have their 4m shares at 4.3c?

Hmmm no rocks but maybe a little inside info perhaps! Anyway that 170k would be worth nearly 1.2mill at todays close WOW!

 

[SGB]

Is MPO ready to head into higher grounds and smash 14 year drought?
.......Time Will Tell........

SGB

 

[TMo]

Any speculation as to where Molopo's going to hit resistance next? We've been up for 6 of the last 7 days now, and today looks to be no different.

 

[nizar]

Any speculation as to where Molopo's going to hit resistance next? We've been up for 6 of the last 7 days now, and today looks to be no different.

Looks to me that the short-term top for this one is in at 30c.
I would be cashing out now (today) if i was trading this one short term.

But im here for the longterm and will top up on any pullback. Im looking for low to mid 20s.

 

[TMo]

Thanks. I've been looking at selling about half my (small) holding and buying more when it pulls back, which seems inevitable.

 

[nizar]

Looks like the start of the next upleg to me

This stock is so textbook.

Look at the 20-30mil+ volumes on the breakouts and 5-10m vols on the retraces.

This stock is a winner

 

[SGB]

Looks like the start of the next upleg to me

This stock is so textbook.

Look at the 20-30mil+ volumes on the breakouts and 5-10m vols on the retraces.

This stock is a winner

Agree nizar,
The next biggest barrier is .30. If broken who knows where this will go.
Volumns are very high of late.
SGB

 

[Caliente]

what people haven't cottoned onto yet is the massive insto support that is accumulating these MPO shares right now. Credit Suisse (huge broking house) is the latest to jump on the wagon.

 

[nizar]

If this causes a surge today then this MPO of ours will be the most textbook Iv seen for a while, with the tail to the 20dma providing the support for the next leg up, just like at 14 and 15.5c.

Chart with thoughts attached.

 

[nizar]

If this causes a surge today then this MPO of ours will be the most textbook Iv seen for a while, with the tail to the 20dma providing the support for the next leg up, just like at 14 and 15.5c.

Chart with thoughts attached.

Well it bounced off the 20dma (which has supported it since sub-10c levels) like a champion today.

The next few days will indicate the next trend -- whether its upwards or sideways.

 

[SGB]

Well it bounced off the 20dma (which has supported it since sub-10c levels) like a champion today.

The next few days will indicate the next trend -- whether its upwards or sideways.

Nice prediction nizar,
Would like to see this one go through the .30 barrier. Some positive fundy news would certainly do the trick.
Good luck.

Cheers
SGB