drilling:, page-27

Thanks Millwood
I agree on some of your points,"the management of Monitor have been pathetic in communicating". They just don't get it do they. All we want is information (good or bad). If they don't want people to ring them all the time, Just update us(a one page ann once a month is not too much to ask for).
When i say daytraders that also covers short term traders aswell for me, Any volume is good for interest.
I'm lucky because my average is only 0.0049 now with a few million in hand, took the opportunity lately to load up and average down, yes it is a big speckie but i like the potential of MHL. Could lose a portion of investment or if things go well get a multi bag. Time will tell.
One point I disagree with it is better odds than a casino.
(Not ready to go back to work just yet so hopefully one of mine come off again, been a nice 12 months off, LOL)


Thanks Hillbilly1, I agree, when you look at the best possible scenarios there is huge upside to come short and long term.

Unfortunately, as a long term holder and still wishful thinker, the management of Monitor have been pathetic in communicating, they have made an art of changing the old adage to now read; "No news is bad news"! Leading to disallusionment and selling (by some large holders.)

The last run, and possibly the next one too, were driven by day traders - one should not rely on them to drive the SP, unless you join their ranks. All the last little run amounted to was pretty well a pump & dump based on where the SP started, and where it quickly finish - back at the same price. As you say, it was just on the smell of an oily rag though!

The overall market sentiment is also very different currently to what it was even back then.

Something substantial in the realms of reality and core company fundamentals is needed to get an SP up and re-rated. Unfortunately, so far at least, every single pinprick of light at the end of MHL's tunnels, have proven to be nothing more than spin and beat up.

I agree that the current prospects are probably the best the company has thus far put to the market but it is still just a 50/50 shot at best IMO - to be pouring unbridled faith and confidence into MHL now is still fraught with danger - nothing is certain until the money is in the bank. (The oil/gas is in the pipe!)

I am a holder and do believe there is still a chance for MHL but the past shenangians by management have left little confidence in their determination to build the company for it's shareholders rather than themselves and their mates!

Good luck but FWIW my advice to any and all looking at putting dough into MHL, is no different to anyone heading to a casino, put on the table only what you are prepared to lose - then hope for the best - so far there is still no evidence things have changed.

Hopefully there will be a change soon though.

(Sentiment below would be "High Risk Speculative Buy" if the option existed.)