brantley what do you think re announcement, page-2

Hi loki01,

First this post seems to be too long for HC. So I will have to break it up into two posts.

Part One on today and Part Two on THE MEDINA GROUP PTY. LTD.

Part One:

I was out today so missed the action and it has taken forever to read through the threads.

What can I say about today. Some selling by people that didn't like the director selling last week, people selling because they didn't like the HoA details, then people selling because others were selling which triggered a number of "Stops" and ........?????

The "Deal" is not fantastic, but it is not that "BAD". I would not be selling because of the information in the announcement but hold based on what is not in it. Some times there is more than that meets the eye. But that is just my view.

As I have stated before I have CIG and MANAS Petroleum. I still think that MHL's assets have value. Nothing has changed IMO other than a lot of overreaction today. Time will tell on that. Tomorrow will be a better indicator on the direction now that most of the overreaction has taken place.

In looking at the charts below it looks like there is good support around 3.5c and above. Todays VWAP WAS 3.97C with the last trade at 3.5c.

If the SP falls below the low today (3.3c), in looking at the charts below, then there are a lot of buyers out there that are willing to take losses before knowing what MHL's has to say at the AGM. Let's let the dust settle and see what we have.

Please see the information on THE MEDINA GROUP PTY. LTD. in post Part Two:
THE MEDINA GROUP PTY. LTD.;
Rory O'Byrne;
Hampton Financial Partners,;
Alan Hart; and
Tap Oil (ASX:TAP) a client of Hampton Financial Partners.

Cheers,
Brantley