i blinked, page-31

Hi Nacra , I must admit I also feel extremely bullish over MHL. Hence I said in my last post I am trying not to be too rampy...lol. In regards to your comment:

“IMO there must be some strong indications there for them to sign up a JV partner without even having done a seismic survey. Especially when it is the partner's biggest JV.”

I have to agree and can say the Co actually told me that the seismic survey was going so well that they had actually told their new JV partner to make a decision or “shove off” – their words. They told me this prior to the survey being finished when I asked surely your potential new partner will wait until the gravity survey is finished. True to their word the JV was signed very shortly after.

They actually said they weren’t worried about finding a JV partner for their oil tenements in Kyrgyz as it was going so well. Definitely speaks volumes about how good their prospects are and how big potentially that upcoming report/announcement might be. Sorry I said I was trying not to be too rampy but it is very difficult with this Co. Anyone that calls MHL for an update will understand what I mean.

Personally I think the SP fell as you have pointed out due to the post announcement sell off as day traders and short term investors sold thinking the JV was the big news. I however think they got it wrong the big news will be the results of the gravity survey. Hence I also sold out and just bought back on Friday as I noticed the stock beginning to consolidate and rise again.

If they can get the results out by mid December as they hope to (I say this as Xmas is tricky) we could really be looking at a significant increase in SP very soon providing the results are as good as they seem. Especially as potential leaks filter out and people take positions to be set prior. This does all rely as I have said on the honesty of the Co so I could honestly be very wrong but there does seem to be some supporting evidence – fingers and toes crossed of course…lol.