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GeeWizz

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Everything posted by GeeWizz

  1. GeeWizz

    AIO

    Game on -will be interesting to track this today Asciano in rapid ascent on strength of takeover offer April 21, 2009 Article from: Australian Associated Press SHARES in Asciano Group soared yesterday amid speculation the debt-laden transport and infrastructure group had received a takeover offer. The port and rail operator yesterday confirmed that a deadline for indicative bids on some or all of its assets had passed on Friday, and the board would meet to discuss the offers this week. A company spokeswoman said she was unable to comment on the source and scope of the bids. Asciano shares closed 38.5c, or 33.19 per cent, higher at $1.545. The huge surge continues the stock's rollercoaster ride over recent months as Asciano battles to reduce its $4.6 billion debt. It has been trying to raise up to $1 billion to reduce debt by offloading some assets since August. Last month, it stepped up the process, indicating it would consider a total change of control at the company. Media reports have suggested private equity funds including Carlyle Group and TPG Capital are among the bidders, along with energy and infrastructure operators across Asia. TPG Capital and Global Infrastructure Partners (GIP) approached Asciano last August with an indicative, non-binding takeover offer of $4.40 a security, valuing the target at $3.07 billion. Asciano said the offer undervalued the business and did not allow the firms to proceed to due diligence. In October, Asciano said TPG and GIP had renewed their interest in the company, although no bid was announced. Asciano chairman Tim Poole said at the time the long-term value of its assets was "north of $4.40" a share. But conditions have changed since the private-equity groups first approached Asciano, with prices of listed stocks in decline and the cost of capital significantly higher. Yesterday's share price surge saw Asciano stock move towards its highest closing price this year, which was $1.56 on January 2. The company had previously indicated it hoped to announce details of a transaction before the end of June. Initially the company sought expressions of interest for its coal business only, but it has since expanded the process to consider proposals for the 100per cent acquisition of either the coal or container ports businesses, as well as proposals for a complete takeover. China-based Shenhua Energy and investment bank Morgan Stanley are reportedly interested in Asciano's coal haulage business, while private equity funds are believed to be the most likely to pitch for a takeover.
  2. GeeWizz

    SDV - SCIDEV LTD

    Someone thinks theres news but they either have a lot of sellers still or a cap on buy price Anyone having a problem with that other site???
  3. GeeWizz

    SDV - SCIDEV LTD

    This is encouraging 25 March 2009 RE: Waste Processing Response from Dave Sammut, Intec Ltd Hi Bill, As our shareholders are aware, we have been working for some time on applications of the Intec Process or related technologies to waste waters, mine tailings waters and waste sludges. We have discussed some of these efforts and their implications in formal publications, including the recent December 2008 Quarterly Report, and on this Intec Investor Q&A Forum. The key to today's announcement was not that we have been successful in this area, as we had already announced success in the Quarterly Report, but that we have signed the first commercial contract for the treatment of such wastes at our high-quality facility in Burnie. The commercial waste operations at the Burnie Research Facility occupy only a portion of the plant, leaving additional capacity for other trials as envisaged in its original design. Over the coming months, the wastewater operations are expected to profitably recycle the heavy metals while leaving a clear water stream for discharge under licence into sewer. We are also working to secure additional contracts, both with ACL and other providers, to continue this profitable operation. The Intec Process was originally designed for mineral extraction and recovery. It is only in recent years that we have observed the important opportunities for waste processing, a combination of the wider application of the Intec Process than originally envisaged, the extension of related knowledge beyond the main Intec Process, and the developing legislation that gives impetus for better environmental technologies. We are now trying to develop an opportunity with industry for the zero-waste recycling of heavy metals and acid from a much larger industry source ? several million litres per annum. We hope to secure government support through the state EPAs and with this funding optimise the technology for the particular application over coming months, then to prove the commercial application at the Burnie Research Facility, and finally to work with industry to roll out the technology at dedicated facilities across Australia. There are, however, a lot of assumptions in that sentence, and we put it forward strictly as an indicator of what we are trying to achieve. It is not a statement of expected outcomes. More generally, we see the Intec Process and Intec-related recycling options as having much wider application in the future. The technologies offer a cheaper alternative to common practice for many industrial wastes, and by recycling the heavy metals into product (either leaving no waste at all or clear water for discharge) they achieve a markedly better environmental outcome relative to the landfill-based competing technologies. Indeed, today's announcement has resulted in an immediate enquiry regarding the possibility of treating mine tailings water at an Australian mine site. These things will take time, however. Our team is working to advance opportunities on a number of fronts: the Intec Metals Recycling Project at Newcastle (at which we have already indicated wastewater and waste sludge process would be an early opportunity), minerals processing projects such as the Browns Sulphide project, and waste processing opportunities such as that announced today. In the meantime, any shareholder looking for a back to pat should offer their congratulations to Brian Banister, whose tireless enthusiasm, optimism and diligence was largely responsible for the ACL contract. Posted By Dave Sammut, Intec Ltd Date Posted 25 March 2009
  4. GeeWizz

    SDV - SCIDEV LTD

    IMO this is all about propriety technology capable of converting waste. I have worked in industrial companies for years and they pay a fortune top get rid of waste streams - metal recovered is irrelevant really As an example I think Orica still has a $200m provision to get rid of nasties on the Botany chemical plant. Not an intec target but many others are Once when talking to Dave , a couple of years ago, he mentioned they were working closely with the Oz EPA to solve what is a huge problem for them by doing just this If it works it has huge licencing potential and would make Intec a target for existing large waste disposal companies with global infastructure Early days but a much larger market than higher yields from mining processing DYOR
  5. Find it interesting that a forecast of a deep recession 18months ago accompanied by a list of indicators would have been howled down Now the same for a forecast of better times ahead Not suggesting we've hit bottom, just how our mindset clicks into the latest paradym Is that how Buffet makes money - ignoring the current prevailing mindset
  6. Not brave enough to predict Bulls but it's about time we scared FEAR with a hint of GREED Certainly the amount of liquidity being pumped in will either see a recovery or if it fails a new order
  7. Lots of announcements today - seems twiggy is sharing what hes disclosed to potential investors to keep the market informed
  8. Wouldn't want to be accused of being optimistic but found this list of positives from the US * The Conference Board's index of leading economic indicators has risen for two months in a row. * Producer prices have increased for two straight months. * Consumer prices rose in January -- the first monthly gain in six months. * The Baltic Dry Index, which measures the cost of shipping key raw materials like copper, steel and iron, has more than doubled from its recent lows. * Existing-home sales rose in December, and participants in our weekly survey think that another rise took place in January. * Pending home sales went up in December. * Builders' confidence inched up this month. * Thanks to lower interest rates, applications for both new mortgages and refinancings of existing mortgages are rising. * Real hourly earnings rose 4.5% in December following a 3.3% increase in November. * An index of consumer expectations rose in January. * Retail sales shot up by 1% in January -- the first monthly rise since June. * The decline in consumer credit moderated in the latest month. * New orders for consumer and nonmilitary capital goods went up in January. * The ISM index of manufacturing went up last month. * The ISM index of services rose last month for the second month in a row. * The money supply is soaring, a sign that there's plenty of liquidity in the economy. * The 3-month London interbank offered rate, a measure of banks' willingness to lend to each other, has dropped to 1.2% from close to 5% a number of weeks ago. * Other measures of the state of the financial markets, like the TED spread and the 2-year swap spread are down, as well. * Prices of credit default swaps for banks have fallen from their peaks. * The corporate-bond markets are thawing out, too; some $127 billion in dollar-denominated debt was issued in January, the most for any month since last May. * Some securities on banks' books are starting to recover in value.
  9. GeeWizz

    SDV - SCIDEV LTD

    Arty I know and you're right It's just nice to see green for a change and with an announcement so close...........
  10. GeeWizz

    SDV - SCIDEV LTD

    Are we seeing some early signs of life Up 15% (only 800,000 traded) with 6m buyers and 2m sellers About time for an announcement ????
  11. Solly, against Chinese Govt policy So solly
  12. Trying hard to break through $3 Hit 2.97 with buyers 2/1 over sellers Go u good thing
  13. Wonder how long Leibelt will last Knocked back $32, ridden the mining wave and not done anything since the collapse Time for new blood methinks
  14. Anyone know why the new chairman quit without explanation Very weird
  15. It seems the stars may be aligning for FMG's share price recovery The Chinese are the biggest consumers of IO and the stockpile has almost goneIn Jan huge loans were made by Chinese Banks for construction/infastructure ( Sino.com.cn )Lag from loan to construct very short in China - new Being Airport completed in 3 years ( Heathrow had 4 years of community review alone)Spot price has been steadily increasing towards last years contract priceBHP confirms IO looking most positive of their portfolioTwiggy says order book is full through MarchShipping issues being resolvedShare Price on fire this weekSeems that IO may be most protected commodity during downturn and if new prices can be settled around $70te vs $30te cost the future is good DYOR
  16. Anzamig Geuss I am prat of mjtroaiy Qseuotin is wtehehr taht is uefsul
  17. GeeWizz

    SDV - SCIDEV LTD

    Funny how the perception of the CEO changes with the share price As a long term holder my view is PW has done a remarkable job in the circumstances, not just when the sp was rising and he has been consistently prepared to buy more shares Can't believe he entered this deal without having a high level of confidence about funding and based on his track record I trust his judgement. Consider he is running a R&D company ( like herding cats and timelines normally blow out), has turned $1m into Helleyer and when zinc prices tanked he is transitioning the company into a $500m asset ideally suited to the technology. Plus he is actively working on offsetting it's cost by leasing parts of it to others. Not very useful to allow understandable concerns to turn PW into a whipping boy - you either back em or sack em but never leave them in the middle. I've got a BIG bet on this working and PW enjoys my full supprt
  18. FMG's report confirms a cash cost of $31 vs a ave sell of $91 forecast to drop to $75 Anyone know what the cash cost is in the lowest quartile of producers????
  19. I woke up to 200 emails saying my email had been stopped as it was spam - most from Russia Running Norton seems to have stopped it for the moment
  20. GeeWizz

    SDV - SCIDEV LTD

    Amazed at the number of posts arguing back and forth re value but in the real world ( the market) nothing much seems to be happening Maybe just accept the co at face value ( always been ethical in my experience), wait till April and see That announcement wouldn't of been made without a pathway to financing and PW seems to have said no capital raisings ( not really poss anyway ) so true believers should be patient or acquisitive and the naysayers sell and move on For my sins I'm a true believer heavily underwater so I will wait
  21. GeeWizz

    AIO

    In reply to: blueice on Thursday 13/11/08 09:15am Seems something is happening Bought another 40,000 to average down but still underwater Based on the company announcements that it is discussing sale of parts an optimistic theory could be that a large asset sale is achieved ( $1b+) and with banks opening purse strings an early refinancing based on current interest rates , given the carrot of an early repayment would change the landscape here Say debt goes down to $3b at a 3% reduction in rates = $150m reduction in interest less forgone earnings from sale (?) Would certainly change the whole company outlook. Rowsthorn has a lot riding on this personally and he was the deal maker at Toll Thoughts???
  22. Can be amusing Got a mate who works in a call centre Best 2 responses Just wait while I get my credit card ( then put the phone in a drawer ) Tell them you just signed up with them yesterday - why are they ringing again ( sends the place into meltdown as they think the automated predialer is repeating and will cause major discontent from customers ) Only if you're bored
  23. GeeWizz

    AIO

    Zog, I agree and the other real upside is refinancing at lower interest rates which could have a profound impact on their cash flow plus any sell offs of part of their asetts More upside than down and I bet Mark Rowsthorn was a buyer today DYOR
  24. GeeWizz

    AIO

    No kidding Now at 1.175 with amazing volumes and an insatiable buyer Wonder whos selling ???? and what happens when the music stops
  25. GeeWizz

    AIO

    In reply to: cobra on Wednesday 12/11/08 12:55pm Now at 102 m (15% of company ) with a high of $1.07 and low of 49c Gotta be a predator - day traders don't have pockets that deep Watch out for the bid Got 35000 at 80c first thing, cursed as it went down and now in the money
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