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handel

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  1. To compare apples with apples, what percentage of total bank market capitalisation does the big 4 occupy in each country? h.
  2. You may also like this if you don't already http://www.snopes.com/ h.
  3. http://www.truthorfiction.com/rumors/r/rem...tm#.Uy-NNVd7TzI
  4. Don't you think the National Nominees stake would include the founding shareholders? h.
  5. handel

    MPO

    Haven't we seen a "reversal" in the share price as he predicted :-) h.
  6. With respect, I think everybody has got it wrong. I don't see how you can do this analysis without assigning probabilities to anticipated events and linking these events to share price valuations of 0, 5, 10 and 20 cps. I'm not a geologist or an actuary, so I won't even think about attempting such analysis, but it would be interesting to see the proper mathematics for the value of the options at 0.075 cents compared to the shares at 6.x cents. h. PS: Maybe the ASX and ASIC should have required an independent expert's report in the prospectus, so people like me can judge whether the options are fairly priced? Otherwise, it's a pure punt, but that's NWE I guess :-).
  7. Let me rephrase......... "The number of shares issued is irrelevant - in isolation. The market cap is what's relevant and that also takes the share price into account." Whether a share is worth $0.01 or $100 is also irrelevant - in isolation. Making comments about the number of shares issued, or the price of each share, without referencing any other metrics is a waste of your time and the reader's time. As for the SBM rights issue, and other's comments, the relevant question is whether it's worth buying at $0.27. If the answer is yes, and there is no cash in the kitty, then there's a second question to ask - is there something I should sell to take up my SBM rights? If an investor doesn't have the cash to take advantage of an investment opportunity, then bad luck. That isn't unique to share investments. Do you get a renouncable right to buy the house next door when it is listed - because you are a shareholder in the same street? As I've said, in this case I think the retail shareholder is actually getting an advantage, because they will have seen the results of the institutional takeup and had a few more weeks to evaluate the opportunity. h.
  8. The number of shares issued is irrelevant. The market cap is what's relevant. The key issue is whether $0.27 is a reasonable price to pay for the shares, and this comes down to whether you believe the new management forecasts, and how you value the company. Retail investors will have the benefit of watching and waiting until December to make a decision, whereas Institutional shareholders do not. We have the choice of buying more, or seeing our holding diluted, knowing that Macquarie will stump up the money to cover the Convertible Notes debt, plus $23M working capital if there is a shortfall. Can't see an Institutional shortfall the way the POG is behaving today, but what would I know. Seems to me that small shareholders are getting a better deal for once. h.
  9. handel

    MPO

    Well it wasn't Alberta after all, so how's your nephews and nieces . Still Saskatchewan is a lot closer to Calgary than Quebec. h.
  10. handel

    MPO

    Let me guess. You made a motza on PBG and don't want to forget it h.
  11. handel

    MPO

    Pretty sharp for an old fella :-) From Wikipedia: "In Canada, British Columbia is estimated to have approximately 90 trillion cubic feet (2,500 km3) of coalbed gas. Alberta, to date the only province with commercial coalbed methane wells, is estimated to have approximately 170 trillion cubic feet (4,800 km3) of economically recoverable coalbed methane.[4] High natural gas prices are making CBM economically viable where it previously may not have been. Currently considered a non-renewable resource, there is evidence by the Alberta Research Council, Alberta Geological Survey and others showing coalbed methane is a renewable resource, because the bacterial action that formed the methane is ongoing. The assertion of being renewable, however, has itself become one of debate since it has also been shown that the dewatering that accompanies CBM production destroys the conditions needed for the bacteria to produce methane.[5] In addition, the rate of formation of additional methane is undetermined. This debate is currently causing a right of ownership issue in the Canadian province of Alberta, as only non-renewable resources can legally be owned by the province.[6]" h. PS: I included the "renewable resource" comments because I hadn't seen that before.
  12. QUOTE (mosaic1996 @ Wednesday 19/11/08 02:33pm) Notwithstanding that I spelt the word wrong, the key qualifier in my post is the word "potential". My understanding is that this means the volume of rock in the field has the "potential" to contain 400BCF of gas. I have no idea of the recoverability of this gas and whether such recovery would be commercial or otherwise. My amateur's reading of the situation is that NWE has no way of applying probabilities at this stage and a lot more work is required before 400BCF can have any probabilities applied. My post was in reply to yours which said "I am certain that it is 300BCF in total in the Cobra structure which spans the 2 blocks rather than 400BCF [300 + 100]". What makes you so certain? What is the P figure applicable to the "300BCF in total in the Cobra structure" that you are so certain about? h.
  13. In reply to: mosaic1996 on Monday 17/11/08 01:53pm I am reliably informed that NWE believe potentical GIIP is 400BCF h.
  14. handel

    FUL

    In reply to: roddombo on Tuesday 11/09/07 11:04am No need to worry. AHG is up 20% today :-). h.
  15. In reply to: AgentCooper on Wednesday 23/05/07 04:12pm There's a piggy-back option exercisable at $1.30 h.
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