MEY Marenica Energy

[airedale]

MEY announced a large upgrade of their reserves today.
Ariva the French nuclear giant has just taken a 10% stake.
I have been building my stake.....but not anywhere like 10%.:)

[Huang Chung]

Broker put me back onto these today (I think I posted/started a thread on them last year sometime).

Share price has hardly moved since, so yeah, I was happy to pick up a few today.

[airedale]

Hi Huang, there is some more info over at Sharescene.com

[shasta]

Thanks for bringing this up Airedale

I'm following FTE quite closely as my Uranium pick & they have AREVA with a blocking stake too.

If they are operating in the same area, these may both be in play down the line

[drillfix]

This was a classic Sell the News move today.

Bit of a shame really, because it makes me think about, if they can do it to MEY, then what wil they do to any other stock with good news.

[airedale]

Todays action set against the long term trend.

http://i474.photobucket.com/albums/rr105/airedale99/MarenicaEnergymonthlyChart.png

[Huang Chung]

At least the share price is going up, but its certainly not sprinting.

Grabbed a few more at 20c today.

[drillfix]

Sheez there HC, you seem to be accumulating heaps of stocks of late, Are you the Bank of HC or something :P lol

[Huang Chung]

Just shuffling the deck chairs on the Titanic Drilly!

Diversifying among the penny d's...nine of them now.

[Huang Chung]

Going down.

I've badly mis-judged the mood of the market on this one....

[shasta]

Going down.

I've badly mis-judged the mood of the market on this one....

Price of U308 down $1.25/lb (-3%) to $US40.50/lb might have someone to do with the sector losing ground