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marineboy

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Everything posted by marineboy

  1. marineboy

    DLS

    In reply to: JGK on Thursday 14/06/07 09:19pm Drillsearch need more funds to pay for infrastructure to bring new wells online in the Cooper, plus they will need a fair bit of capital for their share of the drilling of Marina. At the present time they are negotiating an increase in their loan facility. The following was included at the bottom of the last quarterly report. 2. Meridian Loan Facility At the end of the quarter Drillsearch was negotiating an addition and extension of its Meridian loan facility based on the major reserve increase achieved in 2006. I believe that the price will drift down until more information comes to light. Personally I sold out at 20.5 - 21 cents and I am now watching closely to re-enter. Not much support on the buy side at the moment. Cheers Marineboy
  2. marineboy

    DLS

    In reply to: paperclip on Tuesday 26/09/06 12:48pm Did you guys read the part about interviewing new directors. Yeah right, as if we need to increase the size of the board at this point in time. Extra board members remuneration will take a piece of the pie that share holders now own. They must be really panicking at DLS now to start loading the board up with extra dudes. Wouldn't mind betting that they have gone home and changed their undies after the vote earlier in the week. I can't see a problem with distributing some of the profits between the share holders by the way of a divvie as long as long term goals are identified and expenditure is allocated. It certainly would give long term holders confidence in the way things are being run. Marineboy
  3. marineboy

    DLS

    In reply to: happychappy on Monday 18/09/06 04:50pm Drillsearch have not been in contact with me. Some very polite staff from Dixon's have though. Dixon's have been working the phones and the post not DLS as far as I can tell. Voted against all 4 resolutions 2 weeks ago. Sent an updated proxy form off to Dixon's today by Express Post so they can have the hard copy at the meeting. Still voted against all resolutions and nominated Daryl as my proxy. Sick and tired of no response to my questions directed to Kelso. Been trying to get him to explain why they took a large position in Bounty and what strategic value to DLS he anticipated out of the purchase. Cheers Marineboy
  4. marineboy

    DLS

    In reply to: bello on Thursday 17/08/06 10:41am Posted on HC marineboy STO drilling update shows the latest. More oil. Get in before the announcement. Cheers Cobby Talgeberry 11 89% Oil Appraisal PL 39 Eromanga Basin 26° 56’ 53.78â€ÂÂÂÂÂS 143° 26’ 08.19â€ÂÂÂÂÂE GL 190m 195m PDI 735 05/08/06 11/08/06 1306m C&S Oil well Talgeberry 14 89% Oil Appraisal PL 39 Eromanga Basin 26° 56’ 53.78â€ÂÂÂÂÂS 143° 26’27.49â€ÂÂÂÂÂE GL 182m 186m PDI 735 11/08/06 16/08/06 1314m C&S Oil well Reliance 1 89% Near Field Exploration PL 57 Cooper Basin 26° 47’ 44.85â€ÂÂÂÂÂS 143° 23’ 59.76â€ÂÂÂÂÂE GL 179.8m 184.7m PDI 724 08/08/06 14/08/06 1442m C&S Water Injector Tooten 1/1A 89% Near Field Exploration PL 57 Eromanga Basin 26° 48’ 31.97"S 143° 23’ 45.65"E GL 175m 180m PDI 721 10/08/06 15/08/06 231m P&A Hole junked Cranstoun 3 89% Oil Appraisal PL 57 Eromanga Basin 26° 49’ 01.17â€ÂÂÂÂÂS 143° 23’ 24.50â€ÂÂÂÂÂE GL 173.7m 178m PDI 724 16/06/06 In progress
  5. marineboy

    PSH

    For those who follow Penrice Soda there is a write up in Huntley's Smaller Companies Guide released today. Huntley's has initiated coverage on PSH with a BUY and state that they are "comfortable paying up to $2.40 for the stock or 9.5 times our FY07 EPS forecast". PSH closed today at $1.98. Marineboy
  6. In reply to: sturds on Sunday 18/12/05 06:11pm Make sure you don't have a partial unfilled order with Morrisons that is filled the next day as you will be charged another brokerage fee. I was very interested in signing up with them and asked them to clarify the following: For Cash Market: $20.00 flat (plus GST) per order per day, if funds are held in Morrison Securities Trust Account $30.00 flat (plus GST) per order per day, if funds are held in a linked Macquarie / Adelaide Bank CMT Account or a Leveraged Equities Margin Lending Account Please note that these commissions are for CHESS sponsored accounts only. They responded informing me that if my order was partially filled each day over a 3 day period I would be charged $30 per day if a trade was made on that order each day. Total brokerage would be $90 for the completed trade. Watch out for this as the brokerage would become very expensive if not filled on the day. Cheers Marineboy.
  7. marineboy

    BDL

    Could anyone tell me please if there are any brokers covering BDL. Many thanks Marineboy
  8. In reply to: zoomer on Friday 25/11/05 12:57pm Nice announcement yesterday in regard to Honda in Taiwan. Surprised to see it sold down today. Thought a run to mid thirties would have been on the cards. Marineboy
  9. marineboy

    WAS

    In reply to: kosmo on Thursday 03/02/05 07:43am looks like the investment in Exergy is about to start paying off after the announcement just before the market closed. Marineboy
  10. marineboy

    BNT

    In reply to: Ooops on Friday 16/09/05 05:48pm I confess I bought again today. The daily price action is not attracting any attention at the moment. I am looking forward to a decent run when it starts to appear on peoples radar screens. The prelim final report from 13 Sep 05 confirmed again that they are looking at $6m NPAT for the full year when they stated the following: "Together with its operations at Centennial’s Ivanhoe colliery, the Directors consider that the target of $6m net profit after tax will be achieved as forecast." It's all good. Cheers Marineboy
  11. marineboy

    EON

    In reply to: marineboy on Tuesday 13/09/05 01:25pm Looks like I am the only holder of EON here at Sharescene. Good job one of my mates who holds EON was on the ball with their announcement as well, as we swapped emails on it today. He emailed the following: Announcement by EON to the ASX yesterday was very interesting. They had previously announced a shareholder purchase plan weeks ago where existing shareholders could buy additional shares at a discounted 67 cents. Last week EON advised that all shares not taken up had been placed with institutions by the underwriters. Yesterday's announcement was that Equity Trustees Ltd had become substantial holders in EON with 4,021,152 shares as follows: 19/8/05 purchased 725,000 shares at 77.25 cents (through cross-trades but at the prevailing market price at the time) 22/8/05 purchased 1,175,000 shares at $1.25 per share 8/9/05 purchased 2,121,152 shares at $1.32 per share This means they have purchased the bulk of their shares at a huge premium to the current market price, currently 87 cents, probably from the underwriters. So the underwriters have made a huge profit, having underwritten the shares at 67 cents. And one would think that Equity Trustees believes the shares are worth a lot more than the current market price. They would never have been able to amass such a substantial holding by buying on market as the shares are thinly traded, so the only way they could build a stake was to pay a premium off market. All up they paid $4,832,000 for the stake. Very interesting. G Cheers Marineboy
  12. marineboy

    EON

    In reply to: ShareScene.com on Tuesday 13/09/05 01:11pm I bought into this one recently and was just wondering if anyone else here hold or has an opinion please. IMHO it's well worth running the fine tooth comb over EON ESPREON LIMITED. Their stable of products are used by the top companies in their fields in Australia, US and the UK. I was very impressed with the substantial holder notice from EQT yesterday. Work out how much they paid per share for the 3 blocks of EON shares purchased and your eyes will light up like mine. Cheers Marineboy
  13. In reply to: dory on Friday 08/07/05 01:38pm Investors are starting to take notice. Has had nice upward movement of late coupled with some excellent announcements. Marineboy
  14. marineboy

    BXP

    In reply to: mooomooo on Friday 12/08/05 10:44am Read about this one in the Shares Mag I received last night. Looks like everyone has read the same story by the volume going through today. Very positive article, mind you the writer's family holds shares in BXP. It's worth getting your hands on a copy to have a good read over the weekend. Cheers Marineboy
  15. marineboy

    TOX

    In reply to: carefully on Wednesday 10/08/05 09:33pm Do yourself a favour contact Gostlow, I did.
  16. marineboy

    TOX

    In reply to: carefully on Wednesday 10/08/05 09:24pm Oh well I tried to give you a lead. Don't worry I will shut up now. marineboy
  17. marineboy

    TOX

    In reply to: carefully on Wednesday 10/08/05 08:19pm carefully I suggest you contact Steve Gostlow at TOX about the planned upgrade and all will be revealed. Where there's smoke there's fire. marineboy
  18. marineboy

    NASA TV

    In reply to: jbeatty on Tuesday 09/08/05 09:45pm Yes it's great Best part is they explain all movements the shuttle makes and why. marineboy
  19. marineboy

    IRC

    Could there be an aquisition in the pipeline for Intermin (as indicated in the 2004 annual report). They do have a producing gold mine but mine life is limited. Director Mick Ruane has bought $100,000 worth of stock recently pushing his holding up to 25,607,454 shares. There are only 88,946,185 on issue so he does own a sizeable chunk. Keep your eyes on the buy side. Closed last night at 8.3 cents. Still low volume because it appears to be under the radar at the moment. Any news and this tightly held stock will move quickly IMHO. Any comments or info on IRC please. Don't forget to do your own research. I hold a small amount. Marineboy
  20. In reply to: vipbrett on Thursday 26/05/05 12:25am Hi vipbrett Yes they are still involved with Boeing and Airbus. The following has been taken from SMN's Investor Newsletter dated 18 march 05. Cheers Marineboy A Joint Development Agreement is being finalised with Airbus. CVMTM used in the development of the new A380 airliner. Airbus and SMS are finalising a Joint Development Agreement (JDA) to have a CVM™ system available for in-flight structural health monitoring by the end of 2007. The initial goal is to monitor Airbus aircraft structures with the aim of reducing maintenance costs and increasing aircraft availability. The longer term goal would be to enable structural weight savings. CVMTM has already been used in the certification of a lightweight, aluminium epoxy laminate known as GLARE®, which forms approximately one-third of the fuselage surface area of the new giant A380 aircraft, recently rolled-out in Toulouse, France. The integral sensors also successfully detected cracks on a large GLARE® test panel in real-time. Airbus regards this as a first in aviation history. Surface sensors have been used for a variety of crack detection and crack propagation tests. The JDA covers integral and surface sensors plus associated hardware and software. The JDA requires SMS to productionise the CVMTM technology for in-flight use while Airbus will validate the technology for incorporation into Airbus aircraft. Boeing Connections Boeing is one of the world’s two major commercial aircraft manufacturers. More than 8,000 of their aircraft fly in the commercial airline market. SMS is working with Boeing, the Federal Aviation Administration (FAA), airline operators and research organisations in the US on a program to qualify CVMTM technology for inclusion in the Boeing Standard Practices Manual (SPM). This is a necessary step before operators of Boeing aircraft can use CVMTM sensor products to monitor airframe structures. It is intended that CVMTM be qualified during the second-half of 2006 for use on Boeing commercial aircraft. The programs that SMS were already working on with Boeing, FAA and major US airlines have been included into the Boeing SPM program. The results generated under the earlier programs are being included in the SPM program. The importance of this program to SMS is that Boeing has the largest fleet of commercial aircraft in the world. A significant proportion of the Boeing in-service fleet can potentially benefit from using CVMTM technology to reduce the cost of airframe inspection related maintenance and increase aircraft availability. SMS is also in discussions with Boeing regarding the relationship between the two companies for the supply and retrofit of CVMTM sensor and instrumentation products to a number of Boeing aircraft types upon completion of this program. Military Markets Because military aircraft are governed by self-administered regulations it can be quicker to get clearance to use a new technology on military aircraft than on the multi-national, highly regulated civilian market. SMS has completed validation installations on an A-4SU Sky Hawk and S-211 trainer of the Republic of Singapore Air Force. Last November a contract was signed with the Australian Defence Force (ADF) for a trial installation on the Black Hawk helicopter that will take place in April 2005. Since 2002 CVMTM sensors have flown successfully on a US CH-53 helicopter and have detected a crack on three separate occasions. In the UK significant progress has been made on increasing the awareness of CVMTM technology in the RAF and RN, and preparations are well advanced on trial fits to three in-service aircraft and a structural fatigue test program. A draft contract has been received. Successful completion of these trials could lead to programs with other military operators and acceptance by UK military operators of CVMTM systems for use in time consuming inspection locations. In association with Aerostructures Technologies Pty Ltd, SMS expects to commence studies for the Pakistan Air Force in the near future for the lifeextension of one aircraft type and structural integrity planning and monitoring using CVMTM for two other types.
  21. In reply to: compint on Wednesday 25/05/05 09:12pm I like this section of the announcement about the contract with the Pakistan Air Force: "The contract is significant as it is specifically prepared to lead into recommendations for PAF fleet installations of CVMTM systems, as well as assisting the DARC to develop its structural testing capability, in a significantly larger Stage 2 program due to commence in late 2005." More revenue and greater exposure. I like it. Onward and upward. Go SMN. Marineboy
  22. marineboy

    SIE

    In reply to: floyd on Tuesday 26/04/05 04:18pm Hi Floyd This quarterly could be very interesting for SIE holders. Bought a long time ago and stuck with them expecting the price to move north not further south. Haven't looked at them recently as they are a "long term hold" (code for went past my stop-loss and I didn't get out). Didn't they make the final drug royalty payment last quarter for one of their drugs? Someone correct me if I am wrong please. Cheers Marineboy
  23. marineboy

    MMX

    In reply to: suti on Monday 04/04/05 05:25pm Hi suti Does have a large amount of shares on issue and I was a bit surprised it moved up as far as it did today. Never dreamt it would run this hard. Was going to hold them until Christmas but they hit my price target during the day. Couldn't help but take the money off the table. Sold out my holding and will wait for the retrace. Cheers Marineboy
  24. marineboy

    MMX

    In reply to: PRESHAN on Friday 01/04/05 09:38pm Hi Preshan I bought in today after the announcement about fast tracking Jack Hills. Very impressed with the forward movement by the company since the licenses have been issued. No mucking around here by MMX. Project control looks very good in the announcement, seems to be flowing nicely, dozer already constucting access tracks, re-assaying of samples from Mt Hale completed and results soon, off take agreements in place. I could go on and on. As the bloke says on the Toohey's add "It's all good mate" Cheers Marineboy
  25. Mmmmmm Dr James Searle has stepped down as CEO of Dragon Mining. He probably got the bad news from the dude who phoned me that I wasn't participating in the SPP as I could buy them cheaper on market. Hehe. Seriously, the international hunt is on for a new CEO to take them into the next growth phase. Cheers Marineboy
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