Jump to content


  • Posts

  • Joined

  • Last visited

Everything posted by Katwomyn

  1. Katwomyn


    Sorry Di, Can't find that board. I do know that are making an announcement next week and will have some result out in Jan 04. By the way and whilst on topic....have done small amount of research on Gorgon off WA coast and seems to me to be a private company.....does anyone know of any listed company's that have exposure to this company?? They are the Co. that picked up massive deal with China earlier in year. Despite environmental concerns WA Govt. approved development. Cheers http://www.asxboard.com/html/emoticons/unsure.gif
  2. Katwomyn


    Hi Di, I have SHG. I think they have a board here. Am LT holder with a re-assess in Q4 2004. Cheers http://www.asxboard.com/html/emoticons/king.gif
  3. Hi Guys, As this board gets bigger, I personally would prefer you to have sub titles under each ASX code. This prevents people having to scroll through everything to get the info they find interesting. Sub-subject to the code would enable people to see something interesting and investigate further if they wish.....just a thought. Keep up the good work.
  4. Novogen diagnosis looks good Nov 26 Martin Pretty The loyal investors who prop up the share registry of drug developer Novogen have much to be pleased about. Over the past week, Novogen shares rose 6per cent after being granted a new patent and a listing of a subsidiary in the United States. Shareholders would have been all grins at the company's annual general meeting when chairman Philip Johnston pointed out their stock was the best-performing component of the S&P/ASX 200 Index during the 2002-03 financial year. Then again, with more than 50per cent of Novogen shares held by US investors, the majority would not have attended the Sydney meeting. Last week, Novogen shares were given an additional push when the company said it had been granted a US patent that covered methods for treating all benign and malignant cancers with its drug Phenoxodial. Phenoxodial is in phase II clinical trials in Australia and the US, with results expected early in calendar 2004. Development responsibilities and commercialisation rights lie with a Novogen subsidiary, Marshall Edwards, which was floated on London's Alternative Investment Market after the Australian Securities and Investments Commission stopped a planned IPO in Australia. Novogen's 95.1per cent share of Marshall Edwards is valued at about $660million by the market. It listed on AIM as a stapled security, with a warrant attached to each share. The warrants expire on November 30 and are in the money. This means Marshall Edwards stands to gain $US10million ($14million) in coming days. It is £ also raising up to $US13million by an issue of new stapled securities for a Nasdaq listing. Novogen managing director Christopher Naughton says he hopes that Marshall Edwards' Nasdaq listing will be completed before the year's end. Novogen has been compared by some to another ASX-listed cancer drug developer, Progen Industries. Like Novogen, Progen enjoys the renewed appetite for risk by retail investors. Its share price has risen 80per cent over the past 12 months. It has concluded the first phase II trial of its PI-88 compound. However, some analysts say that Progen is now in more advanced clinical trials. Prospects for Progen's PI-88 were boosted by the success that US biotech giant Genentech has had with a late-stage clinical trial of its new drug Avastin. The trial has proved the usefulness of drugs designed to restrict tumour growth by inhibiting angiogenesis (the growth of new blood vessels) and thus blocking the tumour's blood supply. Avastin achieves this by blocking a known angiogenic growth factor VEGF. Progen's PI-88 blocks the action of VEGF and other angiogenic factors, FGF-1 and FGF-2, as well as inhibiting an enzyme called heparanase, which liberates angiogenic growth factors stored in blood-vessel walls. The market capitalisation of Progen is only $50 million compared with Novogen's $720 million. Novogen also has offshore institutional support - the $US820million Oppenheimer International Growth portfolio has a 14per cent stake in Novogen and holds an interest in Marshall Edwards. Novogen also has a larger product pipeline. But Novogen and Progen have different strategies. Progen is chasing a partnering or licensing deal with a major drug company for the late-stage development of PI-88. By contrast, Novogen is focused on going it alone and using subsidiary Marshall Edwards to market its products. eG Capital analyst Alison Coutts estimates that there are more than 150 different anti-angiogenesis agents in development, with about 30 in clinical trials. All act on inhibiting blood-vessel growth via several different mechanisms affecting enzymes, receptors, growth factors and hormones. Novogen's Phenoxodiol tackles cancer in a different way. The drug is being developed to inhibit two key targets on cancer cells that are critical to the growth and survival of most forms of cancer. One target is a growth receptor known as tNOX. The other is a protein known as sphingosine kinase. Novogen may have plans to float another subsidiary, Glycotex, which was established in the US to provide a commercial vehicle for Novogen's glucan technology. "It's a potential development we could consider in due course," Novogen's Naughton says. During April 2003, Glycotex raised $500,000 in a private placement from Australian and international investors. Novogen now owns 97.6per cent of Glycotex, giving the subsidiary a theoretical market capitalisation of $21million.
  5. Digging for proof of desert bonanza By Business Editor ANTHONY KEANE 22nov03 A DRILLING program costing $3.5 million is underway south of Coober Pedy to define what is expected to become South Australia's next big mine. Adelaide-based Minotaur Resources and new joint-venture partner Oxiana this month began proving up the Prominent Hill copper and gold deposit. Two years ago Prominent Hill set the stock market on fire, with Minotaur's initial success delivering it the biggest one-day share price rise in more than 30 years. In late 2001, Minotaur's share price rocketed from 17c to $1.17 on one day. It reached $3.02 a few months later amid speculation that Minotaur and its joint-venture partner at the time, BHP Billiton, had found a deposit in the size range of WMC's big Olympic Dam mine. The shares then lost their sparkle as follow-up drilling showed the discovery would not be the monster mine a global giant such as BHP was looking for. BHP left the joint venture in May, putting more pressure on Minotaur's share price. It hit a low of 47c mid-year, before the new deal with Oxiana breathed life back into it. Yesterday Minotaur shares remained unchanged at 99c. Under the new deal, Oxiana is funding the current $3.5 million program and will have to spend another $5 million to earn any equity in the project, in which Minotaur now holds 100 per cent. Oxiana could spend up to $34 million on Prominent Hill to earn a 65 per cent stake in the project ahead of a decision to mine. The two-year anniversary of the discovery passed last week with little fuss. Minotaur managing director Derek Carter – a self-confessed rugby fanatic – was celebrating, but it was in Sydney after Australia beat New Zealand for a spot in tonight's Rugby World Cup final. Nevertheless, Mr Carter is excited about the new drilling program and confident a mine will be developed. "It's a huge step for us," he said. "The general size and grade that we can see from preliminary drilling suggests that it will become a mine." But don't hold your breath. Mr Carter said it could take another 2 1/2 years before a mine would start. The current drilling program is due to end in mid-2004, to be followed by an 18-month feasibility study and other detailed planning. Mr Carter said the progress of Prominent Hill had been delayed by six months by BHP Billiton's withdrawal, "but it gave us the opportunity to get a better deal". The slow-going should not deter investors, analysts said. Baker Young Stockbrokers research manager Duncan Gordon said the project was far more advanced than when it sparked the initial excitement in 2001. "The fact that Minotaur shares are trading lower than what they were a couple of years ago doesn't reflect the increased maturity of their project," Mr Gordon said. "There is major potential upside in Minotaur's share price from current levels." Minotaur was now more likely to "bring real value to shareholders rather than just attracting short-term traders in the stock". Mr Gordon said bringing Oxiana on board was "very positive". Oxiana has a market capitalisation of more than $1 billion and is a good example of how a small company can transform itself into a top-100 stock. Oxiana shares were trading below 8c three years ago, and closed yesterday at $1.02c, down 3c on the day. Oxiana bought an 80 per cent stake in the Sepon copper and gold project in Laos in 2000, and had initial production from the mine in the March quarter of this year. "Oxiana languished for a long time before they got their project up and running," Mr Gordon said. "The benefit of Oxiana is they set up a major mining operation from scratch, and I think that will be very helpful for Minotaur." Taylor Collison resources analyst Keith Goode said Oxiana's willingness to spend up to $34 million on Prominent Hill showed it was serious. "They are not going to make that kind of punt if there's not going to be a mine there," Mr Goode said. "Minotaur delineated an orebody but it's not the mega size that BHP wanted. "But it's still a mineable orebody." Mr Goode said while Minotaur's discovery was yet to result in a concrete project, it had sparked interest in all mineral explorers that had not been there before Prominent Hill. SA Chamber of Mines and Energy chief executive Phil Sutherland said Prominent Hill generated a lot of activity in SA's mining sector. "In many ways, it put SA back into the spotlight," he said. "It came at a very good time because things were looking a bit grim." Mr Sutherland said that since Prominent Hill, other big companies had begun searching in SA. They include the world's biggest gold miner, Newmont, in a joint venture with Adelaide Resources. SA also had benefited from the opening of the Challenger gold mine in 2002, Mr Sutherland said. He shares Mr Carter's confidence about a mine going into production at Prominent Hill. "The state could then point to three commercially viable mines whereas, two years ago, you could only point to Olympic Dam," Mr Sutherland said. "Success breeds success. "SA is geologically very prospective – it's about getting people to spend money on the exploration effort."
  6. Katwomyn


    -- DJ INTERVIEW:Copper-Gold Proj Next Driver For Pan Australian -- Singapore, Nov. 17 (OsterDowJones) - With its share price already up 50% in November amid a rally in gold prices and encouraging drilling results, Pan Australian Resources NL (PNA.AU) is banking on its copper-gold project in Laos to trigger the next jump in market capitalization. "There's absolutely no value from the project (in our share price) - the increase in the value of our shares has come purely from the announcements of our gold drilling results," Managing Director Gary Stafford told OsterDowJones Monday. Pan Australian owns the Phu Bia gold project in Laos, which comprises three deposits - Ban Houayxai, Phu Kham and Long Chieng Track. Located beneath Phu Kham is the more lucrative copper-gold deposit. Newmont Mining (NEM), the world's largest gold miner, owns around 5% of Pan Australian in addition to a separate 20% stake in the Phu Bia project. Stafford believes that once results from the pre-feasibility study on the copper-gold project are announced in a few months' time, investors will start factoring that into Pan Australian's share price. Currently, the surging gold price has taken some thunder away from the copper-gold project, he said. "I keep getting asked all these questions on gold....and we're trying to say, look, we have copper as well." But make no mistake, Stafford is pleased with the surging gold price, which rose to a new seven-and-a-half year high of $399.50 a troy ounce Monday in Asia. At the close of trading on the Australian Stock Exchange Monday, Pan Australian's market capitalization was at A$47.3 million, up from around A$10 million a year ago. Its shares surged 21.74% from Friday to close at A$0.14. Compared with its Australian counterparts with copper projects around the size of its estimated resources, Stafford hinted Pan Australian could see its Keen To Get Singaporean Investors And Stafford is keen to get Singaporean investors to trade in the company via the World Link system that ASX launched with the Singapore Exchange. Through World Link, investors in one country can trade shares listed on the other country's bourse. There are 100 Singapore stocks and 100 Australian stocks available for trading. Pan Australian isn't one of them yet, but Stafford said the company is seeking ways to get included in the list. Two of the criteria for qualification are market capitalization and liquidity, said Stafford. "Liquidity wise, we're well up there but if marcap is an issue, that means Singapore investors will miss the upside," he said. He isn't daunted by reports that Australian mining companies currently available for trading via World Link aren't actively sought after by Singaporean investors. "I suspect it's perhaps lack of knowledge or marketing," he said. He sees Singapore as a logical place for Pan Australian to seek more investors, given its Asia-based operations. Stafford expects that once the company has the results of a share purchase plan announced last month and concluded Friday, its market capitalization should rise slightly to A$50 million. Pan Australian is likely to announce the results Tuesday, he said. The share purchase is to help fund the feasibility study for its gold project, estimated to cost around A$4 million and to be completed by April- June 2004, he said. Getting Inquiries For Copper Concentrate Output To fund further drilling and a feasibility study on the copper-gold project, Pan Australian is concentrating on first starting its gold production to generate cashflow, he said. The company estimates Phu Bia will produce 50,000 to 70,000 ounces of gold dore a year when it starts producing in 2005. Dore is the raw material produced from a gold mine, which contains a mixture of gold and other metals, mostly silver. The capital cost for the initial gold project is estimated at $20 million- $30 million, which will be financed through around 30% debt, with the rest from equity markets, said Stafford. Pan Australian plans to raise the resources - a rough guide of the amount of gold that can be mined profitably - at Phu Bia to 500,000 ounces from the current 350,000 ounces, said Stafford. To further develop the Phu Kham project by going deeper where both gold and copper deposits are located, it would cost the company another $120 million-$150 million, he said. He is confident that the project, which has an inferred resource of 900,000 tons of copper and 1.2 million ounces of gold in concentrate, will be able to find ready buyers after production starts late 2006. "There's a huge copper concentrate demand in China and Thailand is building a smelter; we will be the closest (source of concentrate) to them," he said. Like their overseas counterparts, Chinese copper smelters are facing problems securing enough concentrate, or raw material, due to lower mine production. The first Thai copper smelter, Thai Copper Industries Co., will also start production in April 2004. "The Japanese, Chinese and Thais all want to talk to me" about securing concentrate supply, said Stafford. JOSHI - Oze.
  7. Novogen gets patent for anti-cancer drug November 19, 2003 - 12:05PM Print this article Email to a friend Pharmaceutical company Novogen said it secured the US patent covering methods for treating all cancers with the anti-cancer drug phenoxodial, which is undergoing human clinical trials in Australia. This includes ovarian, breast, prostate and cervical cancers. Phenoxodiol is in phase two human trials in the US and Australia, with the rights to commercialise the drug licensed to the Novogen majority owned US company US Marshall Edwards. Novogen managing director Christopher Naughton said the latest US patent joined a suite of existing protection which consolidated and further secured Novogen's intellectual property position. He said the company managed its international research and development programs using the experience and clinical research capabilities of universities and hospitals in Australia, the US and other key international locations. Shares in Novogen rose 26 cents, or 3.9 per cent, to $6.95.
  8. I agree, great to see the weeding out of these types of posters. Kat
  9. Katwomyn


    Post from Debenham - a solid operator. PNA also in Laos (as is OXR) Last week I visited PNA's operations in Laos and was very impressed with the developments of the company. The exploration camp is ideally suited approximate to the main deposits being Phu Kham Gold/Copper Cap and Ban Houxay and Long Chien Track. The contract area is about 100 miles from the capital city and was accessed mostly via a decent sealed road. On leaving the sealed road the all weather dirt/gravl road was travelled at reasonable speed. Local infrastructure of the nearby town has a population of about 2000 and has power,water, a decent hospital and usual civic amenities for the country. Unbelievably beautiful country, without doubt one of the most naturally beautiful places I have ever seen. Recently the company appointed Simon Milroy who was a key manager at Kingsgate's Chatree mine - he will effectively be the country manager and will take the reins of internal work for the gold feasibility study going forward. This is a key appointment and adds real strength to the management team. Overall I think this company has the legs and strength to get up and build a decent gold mine and probably a more than decent copper mine. My personal view is that PNA will be a very significant mining house in the future.It has enormous potential. On Saturday night there was a bbq in Vientiane attended by local embassy staff, Aussie expats plus the guys from Oxiana. All positive comments. This company will be ok. I am sticking round for the next few years on this one. Buying more shares, not worried about the price at all. Cheers Debenham
  10. I really like this stock as a bio spec. It is volatile because of low volume trading but thats part of the reason I find it exciting. Most of my stock don't change tooooooo much day to day but this one keeps me on my toes. If even some of the the trials come off I will be happy.
  11. Katwomyn


    Hi Owen, Re the sell off of shares by management - it was Sala's family from memory that sold off, not individually Sala himself. There could be a magnitude of reasons why this happened - IMHO I don't see it as a big deal - Sala himself did not sell down - perhaps his ma wanted a Mercedes or upgrade the house - if I was in a position to sell a fraction of my holdings and treat myself I would do it too!! Cheers
  12. Lates press - FIN review Hard work and luck pay off for miner Author: Martin Pretty Date: 13/11/2003 20:14:00 Words: 671 Publication: Financial Review Section: Special Report 1 Page: 10 Source: AFRBreaking Gold and copper miner Oxiana used its better than average knowledge of the Asian region to grab a now-valuable asset while most other buyers steered well clear. That asset has become the driving force behind Oxiana's annualised total return to shareholders of 140 per cent for the past three years. More recent rises in Oxiana shares have been attributed to takeover speculation. The fact that a small mining company focused on Laos - and with interests in Cyprus and the Philippines - is considered a prime candidate for acquisitive international miners is testament to the judgement and hard work of Oxiana's well-credentialled management team. It also reflects the massive level of consolidation in the mining sector that has pushed Oxiana into third place on the rankings of Australian-based gold producers. Oxiana is now getting very close to entering the S&P/ASX 100 Index. Owen Hegarty brought 25 years of experience with Rio Tinto's predecessor, CRA, with him when he took the position of managing director of Oxiana in 1995. He had run Rio's copper and gold mining and smelting business unit between 1988 and 1993 but was just an observer when Rio entered Laos to scope out the asset. When the merger of CRA and RTZ created Rio Tinto, the conglomerate's scales increased and assets like the Sepon copper and gold project in Laos were no longer considered of significant size. Oxiana completed due diligence on Sepon in April 2000 and took an 80 per cent stake off Rio Tinto, which had already spent $US26 million on exploration at Sepon from 1992 and remained a 20 per cent partner. The total purchase price was $US22 million, in staged and conditional payments. "I never had a confidence issue given I'm really familiar with the territory," Hegarty says. "I had never seen anything like it before in my life," he says of Sepon - "a beautiful copper body surrounded by gold bodies." Rio retains clawback rights into areas outside Sepon's main mineralised zones. And the Laotian government also has an option to buy up to 10 per cent of the project on a pro-rata basis, diluting Rio to 18 per cent and Oxiana to 72 per cent. "The government of Laos gave 100 per cent support, encouragement and accommodation. They see us at the forefront of new developments," says Hegarty, who was this week on a roadshow in Europe. Gold production has recently commenced at Sepon. About 84,000 ounces were produced at an operating cost of $US211 an ounce in the first half of calendar 2003. That placed Sepon among the lower quartile of gold miners on the cost curve and helped Oxiana report an interim net profit of $4.6 million for 2003, compared with a $6.2 million loss in 2002. Copper production is expected to begin in 2005, following the finalisation of funding that includes a long-term off-take agreement with Outokumpu and a $US185 million finance facility. UBS has forecast that in 2005, earnings will be split roughly 50/50 between gold and copper. But copper should move to 70 per cent by 2006. Oxiana is trading on one of the highest price-earnings multiples of any major gold company. Its share price has risen by 170 per cent in the past year as gold production became a reality and copper production moved closer to fruition. Hegarty attributes the success to good resources, good people, persistence and a bit of luck. "The harder you work, the more luck you have," he says. "And we've pretty much done everything we said we were going to do." In the longer term, Oxiana is looking at moving across the Laotian border into China.
  13. Katwomyn


    Bought in at 17c. Some have compared to the Ox (OXR) - for me it's still a bit spec - although I've doubled which you can't complain about. Atm my strategy is to re assess 1H05. Greenshoe from Oze posted this AGM report a couple of weeks ago AGM report A pretty straightforward affair attended by 30-40 satisfied looking shareholders. OH noted that his presence at the AGM correlates with whether the share price is up or down (here this year, away last year) and he was planning to attend for years to come. Also remarked that while commodity prices are running now (cf POG $250 at prospectus time), he expects the best is yet to come and to "fasten your seatbelts". MB noted that "God willing, drilling willing" we'll take Indee through to production. Noted the importance of proximity to Port Hedland = access to workforces, power & gas, infrastructure. Noted the impressive expenditure to date at Indee of $8m (RSG $6m, NDY $1m, Red5 $1m)as an indication of the quality of the real estate. RNG will earn 51% by spending $1.5m by 31/3/04 "which we will do within the next month", and 70% by spending a further $1m "which we'll also do". Initial aim is 250koz mineable oxide resource = 5 yrs x 50koz pa. Aug-Dec-03 infill drilling and mining feasibility. Production targeted for 1H05. Plan is to then reinvest the cashflows drilling the Indee regional areas. Remarked briefly on the other properties. Telfer interesting "but a long way from anywhere", RNG has been "approached by majors" but "it's early days". Ararat - Stawell also prospective, Gus Bravo has been working out where to drill the holes. OH closed noting that RNG consists of "excellent people, properties and prospects". All in all little new information but these guys a class act as always. There ends the Oze AGM minutes. Rgds/Greenshoe
  14. Katwomyn


    Original post by Mallaby on Oze - hope you don't mind Mallaby but I found this interesting and wanted to share http://www.asxboard.com/html/emoticons/smile.gif Gold Bulls ....... Pull the Trigger Richard Russell Dow Theory Letters Nov 17, 2003 Extracted from the Nov 15, 2003 issue of Richard's Remarks Gold --There are a few times in an investor's life when the opportunity for huge profits lies ahead. Such periods in the stock market occurred in 1932, 1942, 1949, 1974 and 1980-82. People who loaded up with common stocks at those times and held those stocks made fortunes. I believe another such a time is now. And I'm referring to the current young bull market in gold. Subscribers who have been with me during recent years were urged to buy gold stocks back in 1999. Those who did buy the suggested gold stocks and held those stocks now have substantial profits. I believe that fortunes will be made in the years ahead by those who are now establishing major positions in gold and gold shares. I've said this a number times before, but I want to repeat it -- These primary moves last longer than anyone believes possible -- and they take the items higher than anyone thinks possible. We're now in a primary bull market in gold. I believe gold (and very probably silver) will make fortunes for those who now take major positions in the precious metals. I want to repeat something that a prominent Wall Street millionaire told me half a century ago -- tough words that I never forgot. "Russell, my boy" this gentleman offered, "Do you know why stock brokers never make big money in a bull market?" I confessed that I didn't know." He answered, "They don't make big money in a bull market, because they never believe their own bull ****." In other words, the brokers tell their clients "what a great market this is," but they're just blabbing. If they really believed that it was a great market they'd be loading up on stocks themselves, which if course, they never do. So this is my position -- I believe gold below and even somewhat above 400 dollars an ounce is dirt cheap. In view of the amount of Fed-generated fiat paper that will have to be churned out in coming years (it will be in the multi-trillions of dollars), gold is the cheapest thing around. The US government, states, cities, corporations and individuals are currently loaded with $32 trillion in debt. On top of that, the US government has additional unfunded liabilities of around $44 trillion, all of which will have to financed. For these reasons, it's my thesis that gold at $400 an ounce is ridiculously cheap. As a comparison, gold today is less than half the price it was at its 1980 high. I believe three or four or five years from now we'll look back at today's price of $400 dollar gold and ask ourselves, "Where the devil were we? What were we thinking about? Gold at $400 was cheaper than dirt. Why didn't we recognize this back in the year 2003?" As I see it, this is one of those rare times in an investor's life when he can buy an undervalued asset at a bargain price. This is a time when you can buy real money with fiat paper. At this time you can buy real money, gold, with "junk" fiat paper which is created "out of thin air" by the Federal Reserve. Big profits have already been made by those who bought gold and gold shares two or three years ago. But that is nothing compared with what I see ahead -- as the bull market in gold moves on. We are now in the accumulation phase of the gold bull market, This is the phase where seasoned, knowledgeable investors build their positions -- even while the public and most neophyte "investors" are either ignorant of what's happening or at a time when the public actually dislikes the very product which could make them a future fortune. But the secret to all this is the necessity to ACT. Knowledge is wonderful, but in this business, knowledge isn't worth a damn unless you have the courage to "pull the trigger" -- to ACT. I've listed gold stocks and gold and gold funds until I'm dizzy, until some subscribers have written to tell me that I should "get off gold," that they're tired of hearing about it. So, dear subscribers, it's now up to you. Bull markets are great, knowledge is great -- but there's no substitute for acting. Act, act, act.
  15. Katwomyn


    Hi Owenaoz, Have held LUM since near beginning of the year and pretty happy with progress to date. Has stalled a bit lately, due to lack of announcement I would think - however it's not great for a SP to skyrocket too quickly without reason so I'm a happy chappy . I have complete faith in the management team, particularly Rod Sala who is prepared to travel often and perhaps relocate o/s and peddle the product - they seem to have a good PR team too (I have sent a couple of emails and had quick responses). If I can grossly generalise - the mail is that each additional sign should add around 10c to the SP (depending on the deals reached obviously). Cheers
  16. Great idea. As a long term investor, I get frustrated with up/down ramping and mis-information. I look forward to intelligent dialogue with like minded investors. Also will prevent spammer's http://www.asxboard.com/html/emoticons/smile.gif Good initiative guys/gals
  • Create New...