Australia's largest stock trading and investment forum Australia's #1 stock forum

MCE

Click for more information

2.94%

33.0¢ matrix composites & engineering limited

Blood on the streets, page-10

First 10 Last

Share
Profile

Follow
pecora

23,528 Posts.

2

03/02/15

11:36

Post #: 14687942
Share

Originally posted by Colonel B Ron ↑

I had an interesting chat with the Geophysisct who was involved with the Carnarvon discovery off our coast and which made big news at the time. He is not that bearish on oil exploration amongst the big players as in his words they have a very long view and says that those players typically have a seven year view. This is the average time from planning an exploration target to production. Another comment he made was that whilst it's possible for the price of oil to stay at these levels for 2 to 3 years the big players will know that this will eliminate a lot of the smaller players and leave rich pickings for the survivors. MCE are unquestionably the premier players in their space and survival will have its own rewards. I know that is not necessarily good news for the average punter but I have been involved from the seed capital days and still have a belief that sooner or later there will again be pay dirt for the faithful.
My man is very familiar with the shale oil process and costs and says that below $70 a barrel they are marginal to say the least.

Expand

They will be doing a webcast on 19 Feb about the half yearly.

Register here

MCE Price at posting: 58.5¢ Sentiment: None Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

IRX

InhaleRX snags $38.5M in funding from VC biotech funder Clendon

MTH

Mithril's drilling in Mexico picks up silver at 997g/t, gold at 28g/t

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

TLG

Talga Group wins key permit for flagship graphite mine in Sweden

NVU

Nanoveu surges 10% after benchmark testing for new AI chip begins

M4M

Macro, Norden set up transport solutions initiative for West Pilbara

SNX

Sierra Nevada raises $2M for silver exploration at Blackhawk

SWP

Swoop lobs $18M offer at microcap telecom Vonex – in which it holds 19.9%

Week 42 Wrap: HotCopper's top picks; new ASX 200 record; world yawns at war

What's causing the cost-of-living crisis, and how to navigate it

There are more pages in this discussion • 1 more message in this thread...

First 10 Last

Add MCE (ASX) to my watchlist

(20min delay)
Last 33.0¢		Change -0.010(2.94%)		Mkt cap ! $73.85M

Open	High	Low	Value	Volume
34.0¢	34.0¢	33.0¢	$25.77K	76.62K

Buyers (Bids)

No.	Vol.	Price($)
1	1526	33.0¢

Sellers (Offers)

Price($)	Vol.	No.
33.5¢	28552	1

View Market Depth

No.	Vol.	Price($)
2	8700	0.325
3	19950	0.320
2	5300	0.310
2	57000	0.305
1	30000	0.300

Price($)	Vol.	No.
0.335	28552	1
0.340	48005	1
0.350	62968	4
0.355	5000	1
0.360	49185	4

Last trade - 15.39pm 18/10/2024 (20 minute delay)

MCE (ASX) Chart