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handel

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Everything posted by handel

  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.
  16. handel

    ORN

    In reply to: utb on Thursday 30/11/06 06:20pm KCN knocking on the door???? QUOTE -Some early bulk sampling results - Capital raising - VicRoads telling them that they can't let their trucks use the Walhalla-Rawson Rd ( LOL)!!!
  17. handel

    ORN

    In reply to: neo99 on Wednesday 09/08/06 03:36pm Have a look at the latest presentation. http://www.goldstarnl.com.au/Presentations.htm Slide 17 has a Timeline for Eureka showing: + bulk sampling (2Q and 3Q06) and + resource estimation (3Q06 and 4Q06) and + feasibility, permitting, construction and production (4Q06, 1H07, 2H07) Drilling is continuing through 3Q06 and 4Q06
  18. handel

    FUL

    QUOTE (roddombo @ Tuesday 25/07/06 01:59pm) QUOTE Just beat you mate. Kind of reminiscent of another time and place. I'm sick of coming second. Might take my marbles and go home. :-( QUOTE What did you think of the announcement? Substantially, from the other time and place.... Iridum's Hurricane season marketing obviously worked well, but bottom line is "we have a business that has earnt EBITDA for QAD at a A$6 mil Australian rate per annum for the last six months" I'm expecting that will be quantified when quarterly dividends follow after Iridium finish returning the US$8.2M Capital. I'm also expecting QAD will be able to negotiate a reduction or cancellation of their capital guarantees to Iridium, and that should be received positively by any funds and instos who may take an interest. Outside of Iridium, it looks like they picked up their shareholding in HLT at fire sale prices. Brookfield stake purchased at $0.04 per share compared to current price of $0.09. This could turn out to be a bargain buy. I'm also expecting bigger and better things from Healthpoint this half. If Healthpoint contributes significantly to the bottom line, it should be the catalyst that changes the market's perception of QAD as a passive investor. Mind you, ignoring Healthpoint, I think it is undervalued on the basis of the Iridium investment alone. All good stuff and I'm happy to hold and add on weakness.
  19. handel

    FUL

    Iridium Doubles EBITDA in Second Quarter. Melbourne, July 25, 2006 – Quadrant Iridium Ltd (ASX: QAD) today announces the second quarter highlights for Iridium Satellite LLC (of which Quadrant indirectly holds ≈9% stake). • Voice and Data Subscriber numbers have increased 25% compared to the same quarter last year to 159,000. • Revenue for the second quarter 2006 increased 31% compared to the same quarter last year to US$53.6 million. • EBITDA for the second quarter 2006 was US$13.2 million an increase of 100% compared to the same quarter last year. • Cumulative EBITDA for the half year was US$26 million.
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