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    INVESTING and TRADING<br>TECHNICAL ANALYSIS and FUNDAMENTAL ANALYSIS<br>GOOD FOOD - especially Italian & Japanese cuisine<br>GOOD SCOTCH, WINE and BEER <br>HEALTHY HABITS and EXERCISE/SPORT<br>THE SEA<br>THE MOUNTAIN<br>TANTRA ;)<br><br>http://www.bestrestaurants.com.au/map_flash.html

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  1. http://www.miningnews.net/premiumarea.asp Week in the sun for precious metals Friday, December 02, 2005 Fundamentals (plus varying levels of froth?) sees gold and platinum prices pass the significant trading levels of $US500 per ounce and $US1000/oz respectively. Gold bulls in particular build up a good head of steam and flag all sorts of (high) numbers. MiningNews.net Premium's Week in Review. Cazaly links with BHP It's official – in a condition precedent sort of way. Cazaly Resources signs an agreement with BHP Billiton for the sale of iron ore from the disputed Shovelanna tenement which could net Cazaly up to $A85 million a year at current prices. Mongolian query for miners Ivanhoe Mines leads a reported chorus of protest when media speculation has the Mongolian Government seeking participation in "significant mining projects". The speculation is subsequently shown to have some basis – though not specified – with Ivanhoe keen to reassure its investors that any such changes won't be applied retrospectively – code for everything being alright at Oyu Tolgoi. ConsMin outlines nickel focus Diversified miner Consolidated Minerals outlines $100 million of spend on nickel exploration in the Kambalda region, with the ambitious aim of lifting annual nickel output to around 20,000 tonnes within three years. Rio finally calls time on Lihir Rio Tinto confirms it has entered into contracts to sell its 14.46% stake in Lihir for around $A399 million ($US295 million), equating to $A2.15 per share. The buyers of the stake are said to be institutions. Perseverance to raise $30 million Perseverance Corp plans to issue $30 million in subordinated convertible notes to fund open cut and underground development at its Fosterville gold mine, step up exploration and repay an existing debt facility. Matrix flags White Range funding Matrix Metals claims various funding options are emerging for its White Range copper project in Queensland. Russia looks to increase gold stocks Russia's central bank gives gold bugs another reason to cheer with a declaration it proposes to buy more gold to boost its already impressive horde of 400 tonnes. De Grey hits gold After announcing a base metals discovery at Orchard Well in October, De Grey Mining follows up with a RAB drilling program that returns "major gold intercepts". Bank backs AustZircon Australian Zircon receives a $A65 million boost towards development of its Mindarie zircon and titanium mineral sands project in the Murray Basin. Two from two for Wedgetail Twice in a week Wedgetail Exploration hails a new gold discoveries at its Golden Gate project in Western Australia. Anvil flags third DRC mine Anvil Mining gets ready to develop its third open cut copper mining operation in the Democratic Republic of Congo after signing a lease agreement over the Kinsevere and Nambulwa projects. Lafayette looking for funds following delay Lafayette Mining considers funding options after commissioning of its Rapu Rapu base metals plant in the Philippines was put on hold in the wake of the recent environmental issues that struck the operation. Gravity encouraged by diamond find potential Diamonds continue to flow from a Gravity Diamonds kimberlite find in the Abner Range of the Northern Territory, leading the company to claim it may be operating in a kimberlitic district. Jindalee gold for Newcrest Jindalee Resources and Newcrest Mining intersect gold mineralisation during aircore drilling at their Yilgangi joint venture northeast of Kalgoorlie in Western Australia. Minara, Glencore make up Minara Resources and Glencore clear up a $US36 million disagreement from their Murrin Murrin nickel laterite project harking back to 1997. DiamonEx numbers near Botswana-focused DiamonEx keenly awaits results of a feasibility study for its proposed Martin's Drift development, with recent work increasing the resource and confirming the expected value of the diamonds. Regal eyes early start to mining Low profile junior Regal Resources triples its resource base since floating in June and is plans to start a small gold mining operation next year to kick-start cashflow. Allied boosted by surprise Allied Gold receives a nice surprise in the form of high-grade mineralisation while conducting sterilisation drilling outside of the proposed Sorowar pit at its $US37.9 million Simberi gold project in Papua New Guinea. MetalsEx cleans up Wingellina Metals Exploration consolidates its interest in the prospective Wingellina and Claude Hills nickel projects in the Musgrave Ranges, buying out joint venture partner Acclaim Exploration in a cash and scrip deal currently valued at $A8.55 million. Strategic investment by Goldcorp The world's best gold miner, Goldcorp, moves to further consolidate its position in Ontario's Red Lake gold district by buying a strategic stake in a company holding advanced projects nearby. Whundo resource for Fox Fox Resources defines initial resource estimates for its Whundo and West Whundo copper deposits in the Pilbara including a high-grade supergene zone with an estimated gross value of $A50 million. Capital raisings Gold producer Croesus Mining looks to top up its coffers with an $A8.6 million raising to fund accelerated mine development and exploration at its Norseman gold operations in Western Australia. Others on the equity trail include A1 Minerals and Lafayette Mining. Bald Mountain output to increase Takeover target Placer Dome brings out its upside, flagging a tripling of production at its Bald Mountain gold mine in the United States and significantly increasing the resource base. FMG shows reserves Ambitious iron ore play Fortescue Metals Group defines over 1 billion tonnes of reserves for its Christmas Creek and Cloud Break deposits in the Pilbara with 359Mt defined as high grade, direct ship ore. Timing of the week award … Organisers of a precious metals conference that started in San Francisco on Monday.
  2. In reply to: dejams007 on Friday 02/12/05 05:32pm This co. is a laugh....IMHO. Where is the MD to ramp the SPP at 22c up now ? http://www.sharescene.com/html/emoticons/laughingsmiley.gif Monday this stock will drop to the floor.... good luck ppl
  3. trader10

    Copper

    DJ Comex Copper Pre-Open: Up 100 Pts.; Record High In London DOW JONES NEWSWIRES High-grade copper futures in New York are called to open around 100 points higher on Thursday, said traders. In London overnight, three-months copper hit a fresh record high of $4,182.50 a metric ton. The metal has been helped by follow-through buying after it recovered from initial weakness on Wednesday, one trader said. Another commented that copper is likely to remain underpinned until uncertainty regarding a short position held by China's State Reserve Bureau is cleared up. Analysts at Barclays Capital noted that while much of the market focus lately has been on a missing Chinese trader and speculation about whether the SRB will export metal, copper's supply/demand fundamentals remain constructive. "Global industrial production remains strong," they note, pointing out that Singapore and Taiwan reported stronger-than-forecast growth in gross domestic product. In other markets that have the potential to impact metal in the short term, the euro is up slightly to $1.1691 from $1.1669 late Wednesday afternoon. The New York Board of Trade's U.S. dollar index is down 13 ticks to 92.20. In screen trading ahead of the pit open, the December S&P 500 futures are up 3.40 points to 1,238.10. December crude is up 29 cents to $58.17 in overnight activity. A heavy slate of U.S. economic data is on the calendar for Thursday. Reports include: -- October housing starts at 8:30 a.m. EST, forecast to fall 2.8% to an annualized rate of 2.05 million; -- first-time weekly jobless claims, also at 8:30 a.m. EST, expected to dip 2,000 to 326,000; -- October industrial production, forecast to rise 1.0% while capacity utilization moves up to 79.6% from 79.0% in September; and -- the Philadelphia Federal Reserve's November business index, expected to come in around 17.0, compared to 17.3 in October. No major reports are due out on Friday. On Wednesday, Comex December copper fell as far as $1.8950 after China's State Reserve Bureau indicated it was seeking permission to export 200,000 metric tons. The market later recouped its loss, however, to settle up 30 points at $1.9350. Traders linked the rebound to uncertainty about whether China would actually undertake the exports, as well as strength in the precious metals and short covering after downward momentum stalled. First notice day for December copper is Nov. 30. Traders have reported that some market participants have begun rolling forward positions. Inventories of copper in London Metal Exchange warehouses rose 675 metric tons Thursday, leaving them at 64,350 metric tons. Comex stocks once again remained at 3,690 short tons Wednesday afternoon.
  4. Personnel movements - Scott Spencer joins Green Rock; Bounty director resigns Thursday, November 17, 2005 SCOTT Spencer, Alan Knights, Green Rock Energy Ltd; Didier Murcia, Bounty Oil and Gas NL; Charles R Williamson, Chevron Corporation; David Mackertich, Rhod Phillips, Lucy Slater, Regal Petroleum Plc; AR (Ray) Alameddine, William F (Bill) Hannes, Jay P Still, Denny B Bullard, Pioneer Natural Resources Company; Oilex NL relocates. GREEN ROCK ENERGY LTD: The company has made two moves to strengthen its board. Scott Spencer will join the board as a non-executive director on November 29. Spencer is a non-executive director of ASX/AIM-listed Hardman Resources Ltd, where he has been active in establishing and funding a portfolio of petroleum exploration assets. He played an integral part in the growth of Hardman Resources from its early market capitalisation of about $5 million to its current capitalisation of more than $1 billion. Alan Knights, currently chief financial officer of Perilya Ltd and a non-executive director of Green Rock Energy, will be appointed as an executive director of Green Rock Energy effective November 21, relinquishing his position at Perilya. Knights has more than 30 years experience in the finance and mining industries and has held the positions of group treasurer, company secretary and general manager finance at WMC Ltd. Green Rock says these board changes will assist it to implement its plan to tap the potential at Olympic Dam by the start of the drilling of two deep geothermal wells in 2006. BOUNTY OIL AND GAS NL: Didier Murcia has resigned his position as a non-executive director. CHEVRON CORPORATION: Charles R Williamson, executive vice president and former chairman of the board and chief executive officer of Unocal Corporation has chosen to retire effective December 1, 2005. "Chuck has been a valuable, principled and respected leader in our industry," said Chevron Corporation chairman and chief executive officer Dave O'Reilly. "He has played an important role in helping ensure a seamless integration of Unocal into Chevron, which is now largely complete. Many of Chuck's accomplishments will contribute to Chevron's future growth, including his development of a leading international asset base, particularly in Southeast Asia and in the Caspian region. We wish him well in his retirement." REGAL PETROLEUM PLC: Regal Petroleum has recruited several new members to its technical team. David Mackertich as been appointed exploration and new ventures manager. Mackertich is an explorationist and qualified geologist with over 17 years of industry experience who has played a leading role in the discovery of a number of commercial oil fields in the UK, Denmark and Malaysia. Rhod Phillips has been appointed as senior petroleum engineer. Phillips has 11 years experience in both exploration and development roles with Amerada Hess. He has extensive experience in both offshore and onshore projects around the world. Lucy Slater has been appointed as senior geophysicist. Slater is an exploration geophysicist with 10 years experience in both exploration and development. She has participated in several commercial hydrocarbon discoveries. PIONEER NATURAL RESOURCES COMPANY: Pioneer has named AR (Ray) Alameddine its executive vice president, worldwide negotiations. William F (Bill) Hannes has been promoted to executive vice president, worldwide business development, Jay P Still has been promoted to executive vice president, Western Division and Denny B Bullard has been name vice president engineering and development. OILEX NL: Effective from November 16 moves up in the world, going from Level 2 to Level 3 in the same office building. The street address, PO Box and communication details will remain the same The new address for Oilex will be: Level 3 , 50 Kings Park Road, West Perth 6005.
  5. trader10

    QGC

    QGC posts strong results, predicts continued growth for CBM Thursday, November 17, 2005 COALBED methane player Queensland Gas Company Ltd says increasing demand for clean energy will underpin the firm's continued growth. Chairman Robert Bryan told shareholders at QGC's annual general meeting that growing concerns about global warming was encouraging the use of clean energy for both commercial uses and electricity generation more generally. "This trend will underpin the continued growth of coalbed methane and impact very positively on QGC," he said. "By market capitalisation QGC is now the largest CBM specialist company in the country and now has the largest proved (1P), as well as proved and probable (2P) gas reserves of any such company." Bryan said the company's three gas sales contracts would generate $30 million a year in revenue a year once production, scheduled for 2006, had started. "We are very comfortable about the profit levels that will be achieved from these contracts," he said. QGC has unconditional sales of 15.4 petajoules a year forward sold, with the option to supply a further seven petajoules a year. It is also seeking more gas sales and is planning two new power stations at Chinchilla and at Gibson Island, within the Port of Brisbane. "The former will attract cost advantages through being located on our Berwyndale South gas field, and the latter through being able to supply clean energy and very competitive electricity into Queensland's rapidly expanding Trade Coast," Bryan told the AGM. QGC would be cost-competitive with the Papua New Guinea gas project, he said, based on low capital costs and individual well flow rates running at over 700,000 cubic feet a day. The company's most advanced project, Berwyndale South, is due to start delivering gas in April, three months ahead of schedule. The new Braemar gas contract will be using infrastructure at Berwyndale South that is being established to meet the CS Energy contract. "In this way QGC is enjoying major cost advantages typically associated with 'bolt-on' projects," Bryan said.
  6. Tyre trouble Thursday, November 17, 2005 HAUL trucks and other earthmoving equipment up on blocks could become a regular sight around Australia as the earthmover tyre shortage continues to bite. By Noel Dyson It's no secret that the huge demand for resources has created a shortage of earthmover tyres, but what may come as a surprise is its severity. Experts in the industry agree the shortage is the worst they have seen and that companies need to aim for a 25% tyre-life extension from current stocks to help them get through the shortage. Even more worrying are growing reports of "owner's risk" repairs and tyre-use practices said to be bordering on dangerous. One such report had it that dump trucks were being run on four tyres instead of the required six. The shortage, which seems unlikely to abate for at least two years, has been most obviously manifested in the earthmover tyre price leaping from $US20,000 to $US60,000. Reports abound of new earthmoving equipment being sold with tyres not included. China's demand for resources is being blamed for the shortage. Experts are tipping that country's demand is not likely to slacken until 2008. To boost their production and meet Chinese demand, some mining companies are running old fleet they would normally have retired alongside new equipment, which in turn puts an extra burden on tyre supplies. And China is not the only burgeoning economy out there. India looms as another major market for Australia's mineral resources. Bridgestone, Michelin and Goodyear – the major earthmover tyre makers – have factored in the increased demand but have been wary of the big investment that would be needed to substantially increase capacity. Their reluctance is understandable, given it can take up to 2-1/2 years to build a new plant. Also, these tyres are only a small part of their markets and the only part of their business experiencing a shortage. Other tyre categories such as trucks and passenger cars are plentiful. Bridgestone spokesman Andrew Andreou said the decision to increase earthmover tyre production was a tough one. In spite of the risk, however, there has been some capacity increase. Bridgestone has announced it will expand its capacity for large and ultra-large radial tyres and Michelin is building a new plant in Brazil that will service its earthmover tyre customers in the Americas. Neither company's expansions will come on-line for at least another two years. While the news is welcome, it is not expected to have much impact on the shortage. Other options such as retreading – not widely used in Australia – and repair are coming to the fore. Repairers report unprecedented demand. Bias ply tyres out of Belarus are emerging as an option. The former Soviet republic is well known for the manufacture of trucks and farm equipment, and the Belshina tyre plant began producing the earthmover tyres about 10 years ago, which was about five years after Australian mines stopped using bias-ply tyres. Such is the demand, the bias-ply tyres are reportedly selling for more than similar-sized radial tyres. Second-hand tyres are becoming an option too. Taking that to the extreme, there have been reports of companies reclaiming tyres they had buried as markers on haul roads or even donated to speedways and the like, cleaning them off and reusing them. Given that the shortages are not going to end soon, the focus has to go on getting the most out of tyres. Experts say there are four keys: choose the right tyres for the job; keep them properly maintained; ensure the people responsible for the tyres are properly trained; and keep haul roads and the like in optimum condition. Andy Tooth, Michelin Australia regional product line manager for earthmovers, said tyre manufacturers could play a role in helping companies get the most out of their tyres. "Most of our focus is on working with mining companies to help them extend tyre life," he said. Tony Cutler, technical manager with leading tyre management consultant Otraco International, said everyone on-site had to become tyre aware if they were to keep their equipment running through the tyre shortage. - CONTRACTOR
  7. In reply to: crowman28 on Thursday 17/11/05 11:50pm Agree with Crowie, Well done on QBE KB....But don't comapre a spec to a stronger and estabilish company matey.... Atm it's all cloudy and speculative...and hopeful....let's wait and see if SAU boys will have the goodies to bring the co. to the right standards... FA's on SAU are great but it's only talk atm.....let's just hope for the December Xmas ann http://www.sharescene.com/html/emoticons/wink.gifhttp://www.sharescene.com/html/emoticons/smile.gif
  8. http://www.miningnews.net/premiumarea.asp Time for the ASX to get serious about JORC Greg Tubby Thursday, November 17, 2005 IT was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness. With apologies to Charles Dickens, the classic opening to A Tale of Two Cities is perhaps even more fitting for a booming resources market than a novel set during the French Revolution. New money has flooded into the sector in recent years, breaking the drought of earlier times. So severe was the drought at its peak that numbers of junior explorers stampeded to the ultimately dry dot.com well. But with the new money and attention there have also been timely reminders to investors. What resonates loudly is the reality-check that not all numbers being touted in the market comply with the reporting standards. Late last year Deep Yellow, recently restructured, refinanced and with new management (who brought it out of voluntary administration, where it had landed following the ill-fated Mikado gold mining attempt) announced it had bought two uranium exploration properties in the Northern Territory from Paladin Resources. The market was told it was targeting more than 6000 tonnes of uranium oxide at the Napperby project, encouraged by a 1970s "economic orientation study" by Uranerz Australia based on a range of 5700-6200t of contained uranium oxide within a grade range of 0.036% to 0.038%. With uranium emerging as the next big thing for resource stock investors, Deep Yellow's shares surged from 1.5 cents to flirt with the 20 cent mark on the back of the bullish outlook. The problem was, as Deep Yellow quite readily pointed out in its statements at the time, the estimates did not comply with the Australasian Joint Ore Reserves Committee code, which the Australian Stock Exchange requires listed companies to adhere to when reporting mineral resources. The JORC code is there to provide a level playing field, to give casual punters the confidence there is some measure of quality assurance in the numbers being touted. It also gives those with a greater knowledge of the industry a feeling for the degree of certainty that can be placed in the estimates. When resource figures are released outside the JORC code they can skew that field. It's often argued that by telling the market everything it knows about its properties, a company is complying with its full disclosure requirements, and that by not releasing that information it would be doing potential investors a disservice by not alerting them to the full upside potential. Unfortunately, even with the clear caveat that quoted figures are not JORC compliant, investors with a limited understanding of the resources industry can read more certainty into those numbers than is warranted. That is particularly a danger in a market such as that witnessed over the past couple of years. Soaring commodity prices and accompanying stock prices lure cashed-up resource novices to the sector. This flood of new money has rejuvenated the industry, even breathing new life into the previously moribund exploration side of the business. But that money will flee even more quickly than it rushed in if confidence in resource estimates is eroded when companies are seen to be spruiking the marvellous mineral wealth of their tenements then months later turning around and saying perhaps it was all a mistake. It remains to be seen what the problem is at Deep Yellow's Napperby project, why the company earlier this week was forced to admit there was a vast difference between data based on Uranerz's non-JORC compliant 1970s work and its recent drilling campaign. It may simply be a mistake at the laboratory while processing the latest batch of samples, a not unheard of problem. But the embarrassing development has caused the company to immediately halt trading in its shares, withdraw a shareholder purchase plan and return all monies received so far. Meantime, its shares have soared on the back of a tenement acquisition, the release of non-JORC numbers that have not stacked up, and are likely to end up costing investors. It is time for the ASX to get tough, to make sure only compliant figures are released to the market, before the industry as a whole is seriously affected.
  9. In reply to: crowman28 on Thursday 17/11/05 10:26am Hummm this tcok is getting sad by the week.... http://www.sharescene.com/html/emoticons/puke.gif No results yet.....only thoughts http://www.sharescene.com/html/emoticons/icon14.gifhttp://www.sharescene.com/html/emoticons/icon14.gif No interest from new investors or instos yet.... End of Nov is approaching...soon it will be DEC....can they deliver it ? Another delay ? Crossed fingers here....would be a shame a mass sell off of this paper.
  10. In reply to: floyd on Thursday 17/11/05 01:07pm Agree in terms floyd, Safenet is a quality co. in US and it's always good to be associated with them....you never know the near future... Maybe one they could SFNT want to T/O SEN ? http://www.sharescene.com/html/emoticons/wink.gif ------ Oh well, arvo could be interesting for SEN. cheers,
  11. In reply to: floyd on Thursday 17/11/05 12:53pm Hi floyd, Very good article with Mr. Galbally there.. Nice and healthy + 2.30%...maybe an ann is pretty close ??.... http://www.sharescene.com/html/emoticons/wink.gif Nice support building up once again... Safenet did ok last night.... Last 34.17 Trade Time: 4:00PM ET closed Change: 0.29c (+0.86%) In one stage it went up to +2.35% • SafeNet to Present at the First Analysis Investment Conference in NYC Business Wire (Wed 9:37am) Interesting.... http://www.sharescene.com/html/emoticons/smile.gif)
  12. Safenet had a great ann this morning... http://finance.yahoo.com/q?s=SFNT SafeNet to Present at the First Analysis Investment Conference in NYC Wednesday November 16, 9:37 am ET BALTIMORE--(BUSINESS WIRE)--Nov. 16, 2005--SafeNet, Inc. (NASDAQ:SFNT - News), setting the standard for information security, today announced that SafeNet will present on Thursday, November 17, 2005 at 2:45 p.m. EST at the First Analysis Investment Conference in New York City, to be held at The New York Palace Hotel. Ken Mueller, Chief Financial Officer, will provide an overview of the Company. A live audio webcast of the presentation will be available at http://www.wsw.com/webcast/fa3/sfnt/ or on SafeNet's Investor website at www.safenetinvestor.com, with the replay being available for 30 days. About SafeNet, Inc. SafeNet is a global leader in information security. Founded more than 20 years ago, the company provides complete security utilizing its encryption technologies to protect communications, intellectual property and digital identities, and offers a full spectrum of products including hardware, software, and chips. ARM, Bank of America, Cisco Systems, the Departments of Defense and Homeland Security, Adobe, Samsung, Texas Instruments, the U.S. Internal Revenue Service and scores of other customers entrust their security needs to SafeNet. For more information, visit www.safenet-inc.com. "Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995 The statements contained in this release, which are not historical facts, are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are subject to uncertainties that could cause actual results to differ materially from those set forth in or implied by forward-looking statements. Important factors that could cause actual results to differ materially are included but are not limited to those listed in SafeNet's periodic reports and registration statements filed with the Securities and Exchange Commission. The Company assumes no obligation to update information concerning its expectations. Maybe we could get some update here in OZ shortly.... http://www.sharescene.com/html/emoticons/wink.gifhttp://www.sharescene.com/html/emoticons/biggrin.gif
  13. trader10

    BTA

    In reply to: jumper on Thursday 17/11/05 03:29am Hi John, I know how you feel...American media....bunch of %$@#! on BTA.... Today will be interesting for BTA ahead of Friday..... http://www.sharescene.com/html/emoticons/wink.gif
  14. Safenet is up and running... Last Trade: 34.12 Trade Time: 11:12AM ET Change: 0.24 (0.71%) Comparing to Dow and Nasdaq atm.... Dow 10,672.10 -14.34 (-0.13%) Nasdaq 2,176.70 -10.04 (-0.46%) Interesting http://www.sharescene.com/html/emoticons/wink.gifhttp://www.sharescene.com/html/emoticons/biggrin.gif
  15. ann coming ? Good accumulation/buys happening atm.... Hitting 70c's pretty soon me thinks... http://www.sharescene.com/html/emoticons/wink.gifhttp://www.sharescene.com/html/emoticons/smile.gif Interesting to see tonight SFNT in US - SAFENET at Nasdaq...
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