All of my spec oilers are getting roughed up at the moment, MHL is no different, I am in at .004c, a result from Fury-1 (which they were quite positive about) should see it go up, but there are no guarantees with any spec stock.
They have praised Fury-1 no end comparing it to the Mirage prospect next door and have said little about Airacobra-1 which tells me it was not a significant find.
They have successfully farmed out the Uranium prospects in Krygystan.
They still have the oil and gas tennements in Krygystan to farm out that they have sat on and done little with for so long.
They have also announced they are going to farm into one of CPE blocks.
I made good money when it shot to .01c last time on the back of Fury-1 drilling. It had no confirmed oil flow rates at that time. The SP is near to the lows when it moved last time from .003c - .004c after the cap raising.
If I was a long term holder I would not be happy with the lack of progress MHL have made over the years particularly with the foreign tennements, but as a newer holder buying in the lows after the GFC there is still upside to be recognised within the SP (with the market cap at 11 million at .004c).
MHL Price at posting:
0.4¢ Sentiment: Buy Disclosure: Held
