Blade has formed a strategic alliance with IPS Australasia, a highly respected well engineering consultancy. In the present resource-constrained marketplace, Blade’s privileged access to IPS’ engineering resources, its knowledge base and its influence in the rig market delivers distinct competitive advantages and ensures that Blade can execute exploration and development drilling projects in the shortest possible timeframe and on the most competitive terms.
As I have said before in another post sometime ago in answer to the infamous MCat..
LEVERAGE.. a few definition's for you.. advantage, authority, control, dominance, driver's seat, lead, leg up, trump hand...
Management... administration, care, charge, command, conduct, control, direction,
and here's a man on the MHL board that is good at all of these things..
Scott Spencer (Non-Executive Director) (BA Hons, BPhil., MLitt) Mr. Scott Spencer holds a BA(Hons) degree attained at University of Western Australia and BPhil and Mlitt degrees from St Antony’s College Oxford. He joined the Department of Foreign Affairs in 1972 and held numerous government posts before being appointed Regional Director in Western Australia in 1990. In 1994 he was appointed Executive Director of Hardman Resources Limited a post held until November 2005. During this period he played an integral part in the rapid growth of Hardman Resources to its current market capitalization of in excess of $1 billion. He is currently Non-Executive Chairman of Monitor Holdings Limited, an ASX listed oil and gas company.
I think it has been pointed out a few times already what others have paid to get in to this area verses the outlay that MHL has actually paid for assets in the same area with Data already attached..
I think if you dig deeper, you would find that the team and JV partners have already done their calculations of what is in the ground.. you only have to look at what others have paid just to get in to the area..
AS RT put it last year.. MHL @ .017, barely compares to others in the same region, CIG .061, MRO .46, CTS .175 , NMR .49
Those that are new to this stock should do a little research and have a look at the other companies already there and read what they have paid to date.. This alone puts MHL and the JV partners ahead..
I have a feeling the time is right for it all to come together. It has been a long wait and yes it has taking a beating. But at the price points now.. jezz the shell company with the current assets are worth buying for.
Soooooooooo… time for the train to leave as they say… bring on the transfer of cash from Medina and lets get this little beauty where it should be.. up around at least the .06 mark for starters..
MHL Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
