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Hevlet

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  1. In reply to: kahuna1 on Saturday 21/04/07 12:10pm Just came across an interesting spin to the Cobalt debate in this thread.... http://www.isecureonline.com/reports/SCC/WSCCH459/ Most likely a beat up but would be interested in peoples thoughts re. the Russia re. cobalt supply issue in the article ..... Sorry if this is long..... QUOTE Devil in a Blue Dress If you follow the financial news, you know that commodities and natural resources have been in a major bull market for the last few years. In fact, the CRB Index -- which is a measure of commodity prices -- recently hit its highest level since 1980. What's behind this staggering rise in commodity prices? Well, in most cases, it's a simple matter of supply and demand. The world is gobbling up natural resources at an incredible clip. At the same time, our supply of natural resources is diminishing. We are simply running low on everything from oil to gas to iron to aluminum to copper to uranium. Of course, investors who have gotten in on commodities before they make their price run have made a fortune. And while most commodities have had their big run... a virtually unknown natural resource is just starting to make its move. This resource is cobalt, a transition metal closely related to nickel. The word cobalt is derived from the German kobalt, meaning "goblin" or "devil," a term that gold miners used because they thought that the bluish metal was worthless. But cobalt is far from worthless... For centuries, cobalt has been used to create beautiful blue glass, ceramics, pottery, and tile. In fact, traces of cobalt were found in Egyptian artifacts dating back to 2,600 B.C. Of course, today, cobalt is used for much more than color. Essential to Modern Society! Chemical & Engineering News reports that cobalt has recently undergone a significant transformation from an "ugly duckling" of no interest to miners... into a "swan" of strategic industrial importance. It might surprise you to learn the countless ways cobalt is essential to our daily lives. From cobalt's applications in health, communications, and national defense... modern society could not function without cobalt. The U.S. Geological Survey (USGS) reports that for many commercial, industrial and military applications, there is NO SUBSTITUTE for cobalt. Cobalt is used in cell phones, rechargeable batteries, hard-disk drives, memory chips, radial tires, drill bits, paints and inks, satellites, turbine blades, and even solar panels. And get this: Because cobalt has an unusually high melting point (2,723 Fahrenheit), it's able to withstand extreme temperatures that would destroy conventional metals like steel and aluminum. This makes cobalt absolutely essential in the production of jet engines and guided missiles. And listen: New applications for cobalt are being discovered constantly, and some of them are starting to radically transform whole industries. Take hybrid cars for example... According to Booz Allen Hamilton, hybrids are spreading like wildfire, and could account for more than 20% of new cars by 2010. That's 4 million new hybrids coming out every year. And guess what? Cobalt is a key ingredient in hybrid vehicles. In fact, hybrids use five pounds of cobalt... in nearly every car! But perhaps the most important use of cobalt is by the United States military. A Matter of National Security Not only is cobalt important to the U.S. military... it's a matter of national security. You see, cobalt is critical to the production of military aircraft, defense satellites, guided missiles, tanks, and even submarines. Without cobalt, it would be virtually impossible to produce many defense products such as jet engines, missile components, or electronic components. In fact, cobalt is so vital to our national defense that the United States government has classified it as a "strategic material." Cobalt received its "strategic" classification under the Strategic and Critical Stockpiling Act (50 U.S.C. 98-h-2). According to this law, a "strategic material" is a commodity whose lack of availability would seriously affect the economic, industrial, and defense capability of the United States. Further, this law requires that cobalt be stockpiled at 20 locations throughout the country so that the United States is not dependent on foreign sources of cobalt. Bottom line: Cobalt is vital to our national defense. Problem is, despite the Stockpiling Act, the United States is almost completely dependent on foreign sources of cobalt. According to the U.S. Geological Survey, the United States DID NOT mine or refine cobalt in 2006. Our domestic production was ZERO. That means the United States must rely on foreign sources for nearly all its cobalt needs. And here's the worst part: As the demand for cobalt is soaring, the world is facing a severe supply shortage that could be devastating to the United States. That's because Russia is moving to dominate the cobalt market for its own political gain. What's worse, the Kremlin is not shy about using violence and intimidation to get its way. Evil Kremlin Rising As you may know, the Soviet Union collapsed in 1991. At that time, then-President Boris Yeltsin launched a massive privatization of Russia's state-owned enterprises. This resulted in one of the greatest transfers of wealth ever seen, as a small group of business tycoons -- known as "oligarchs" -- claimed some of the world's most valuable natural resources including oil, gas, nickel, and... cobalt. At the end of 1999, Boris Yeltsin resigned as Russia's President, and appointed his successor, a former KGB agent named Vladimir Putin. Yeltsin believed Putin would nurture Russia's burgeoning democracy. But the opposite has happened... In fact, during his reign, Putin has taken strides to roll back democracy, and transfer wealth and power away from the Russian people... and back into the hands of the Kremlin. "Putin is imposing dictatorship the old-fashion way" reports The Washington Post. And Britain's Financial Times agrees, saying that Putin "took a chainsaw to the fragile roots of Russian democracy." According to Time magazine, Putin has already seized control of Russia's major television networks, and driven media tycoon Boris Berezovsky into exile. In addition, Putin has stocked the Russian government with his KGB cronies. "It's the beginning of a constitutional coup d'etat," said Sergei Mitrokhin, a former parliamentary leader from the liberal Yabloko party. "It's a step toward dictatorship." And the Moscow Times concurs: "Russia is full of fear. Businessmen and politicians are afraid of Vladimir Putin. [Putin] relishes the fear. The greater the fear, the stronger his power." According to The Moscow News, Russian businessmen are forced to pay millions of dollars annually to the Kremlin and render financial support to pro-Putin political forces. And here's the thing you need to understand: As a former KGB thug, Putin will do whatever it takes to get what he wants. Enemy of the State In fact, NewsMax.com reports that in July 2006, the Russian legislature passed a law making it LEGAL for the Kremlin to kill "enemies of the state." And make no mistake: People who don't follow the Kremlin's orders quickly end up in jail... or worse. "The kinds of deaths and murders in Moscow today are wholly different from those of the 1990s," explains Vanity Fair investigative reporter Brian Burrough. "Then the killings were products of the struggle to control Russia's newly privatized businesses. Today, the people who are dying are mostly ‘enemies of the state' -- journalists, whistle-blowers, regulators, and dissidents." Do you doubt it? Well, consider this: On Oct. 7, 2006, a Russian journalist, Anna Politkovskaya, who had criticized Putin, was shot in the head and killed in the elevator of her Moscow building. And in November 2006, Alexander Litvinenko, a former KGB agent who had publicly denounced Putin, died in a London hospital. The cause of death? Litvinenko was poisoned with a radioactive element called polonium 210. A Scotland Yard investigation revealed that Litvinenko had visited with two KGB men on the day he was poisoned. Further, telltale traces of polonium 210 were found everywhere the two KGB agents had been. Many international experts believe that Litvinenko was a victim of a Kremlin orchestrated assassination... retribution for his "unpatriotic" words about Putin. Bottom line: Across the board, people in Russia fear for their safety. And there is one sector in particular in which Russian President Putin has a seemingly insatiable appetite. Putin Devours Natural Resources In today's Russia, owning a natural resource company is a flat-out dangerous occupation. In fact, some of Russia's wealthiest resource barons have gone from the boardroom... to a jail cell... practically overnight. For example, in October 2003, Kremlin soldiers stormed the private jet of Mikhail Khodorkovsky. Khodorkovsky, a billionaire oligarch and chairman of Russia's largest oil company, was beaten, thrown into a Moscow jail, and charged with tax evasion. Khodorkovsky was then banished to a Siberia prison camp while the Kremlin took control of his $12 billion company, Yukos Oil. Of course, Mr. Khodorkovsky is not alone in his suffering. According to The New York Times, Russia has taken several steps to tighten its state control over energy resources. In fact, nearly every natural resource company in Russia has been ripped from private hands and put under the Kremlin's control. Why would Putin go to such extreme measures to take natural resource companies under Kremlin control? Simple. Control of Russia's natural resources allows Putin to exercise tremendous political power on the world stage. Russia's crude use of natural resources for political gain is an old story. For years Moscow has been using its control over natural gas to reward neighbors who submit to its political will, such as Belarus, and punish those who seek greater independence, such as Georgia and Moldova. According to The Washington Post, Putin shut off gas supplies to the Ukraine in order to undermine its democratic and pro-Western government. On July 29, 2006, the Kremlin halted oil shipments to Lithuania. And in January 2007, Russia shut off crude oil supplies to Germany, Poland and other parts of Eastern Europe, all in an effort to exercise political muscle. Vice President Dick Cheney has accused Putin of using natural resources as tools of intimidation and blackmail. And now, Putin is making his move on the lucrative cobalt market... and he is willing to crush anyone who gets in his way. Do you doubt it? Well, just ask Mikhail Prokhorov... A Billionaire Bordello in the French Alps Mikhail Prokhorov is the CEO of Norilsk Nickel, the world's largest producer of nickel and cobalt. The company is massive. In fact, its volume of output accounts for nearly 2% of Russia's Gross Domestic Product. Bottom line: The company is highly valuable to the Kremlin. In fact, according to Forbes magazine, Norilsk is one of Russia's last natural resource assets controlled by the private sector. And word is that Putin has been pushing for some time to gain control of Norilsk. Thing is, Mr. Prokhorov is a flamboyant billionaire who loves his status and power. And although the pressure has been growing, Prokhorov has been slow to relinquish control of his company. That all changed in January 2007... While Mr. Prokhorov was on a ski vacation at the exclusive Courchevel resort in the French Alps... he was arrested and charged with running a high-end prostitution ring. Despite his vehement denial of all charges, Prokhorov was held in jail for four days. Many international experts believe that Prokhorov's incarceration was a warning shot from Putin: "Give up Norilsk, or join the other oligarchs in Siberia." As you can imagine, Prokhorov got Putin's message... loud and clear. With his fellow oligarch Mikhail Khodorkovsky rotting in a Siberian prison camp, Prokhorov decided it was in his best interest to get out of Putin's way. So, within days of being released from jail, Prokhorov signed control of Norilsk Nickel over to his Kremlin-friendly associate, Vladimir Potanin. Bottom line: Putin is in prime position to gain control of Russia's lucrative cobalt empire. Commodity Blackmail! This is very bad news for the United States. According to industry expert Richard Reinhard of Web site Resource Investor, Russia has a history of restricting cobalt supplies to increase its profits. Cobalt inventories are already low. And now that the Kremlin has moved to secure its position, cobalt prices are soaring. In fact, prices have nearly doubled... According to the Web site Metal-Pages, one London commodity trader says that cobalt market is the busiest it's been in 30 years. "It's just been non-stop," says the trader, reporting that organizations are so desperate for cobalt, they are paging him in the middle of the night. And it gets worse... On Feb. 7, 2007, the EU approved the sale of giant cobalt company, OM Group (OMG) to Norilsk. OMG is the largest producer of cobalt by-products on the planet. Consequently, the Kremlin has gained even greater leverage over the global cobalt market. And make no mistake: Russia has no intention of playing nice with the United States. According to the International Herald Tribune, the relationship between Russia and the United States has reached its lowest point since the Soviet Union collapsed a decade and a half ago. And now, because of its complete cobalt dominance, Russia is positioned to influence America's most vital industries... including national defense. Obviously, this poses a serious problem for several U.S. industries, not to mention the United States military. Says international economic expert and best-selling financial author, J. Christoph Amberger: "The Kremlin is positioned to exert its political will on the United States via ‘commodity blackmail,' just like it did with the Ukraine, Georgia, and Moldova." "It's got what we desperately need," explains Amberger. "It's as simple as that." Fortunately, a $2 tiny mining consortium has discovered a massive supply of cobalt that will put an end to Russia's ruthless extortion. Tiny U.S. Mining Consortium Stuns Kremlin -- Secures Cobalt Fortune! As it turns out, the most lucrative source of cobalt is not in Russia. It's in the tiny country of Cameroon... on Africa's rugged West Coast. And although Russia would love to get its hands on Cameroon's cobalt riches... a tiny $2 U.S. company has already beaten it to the punch. Good news for U.S. industry and military operations. And even better news for early investors who could ride this $2 stock all the way to $27 per share by September 2007. Let me give you the details on this remarkable opportunity: Back in 1981, the United Nations launched a development program in Cameroon. The idea was to use local mineral resources to help fight poverty in the African country. And the project initially proved promising. In fact, the U.N. found a large nickel mine. But because nickel prices were so low at the time, the discovery didn't draw much attention. But in 1994, a veteran geologist named Bill Stevanovich (not his real name) became aware of the Cameroon nickel discovery. After reviewing samples, Stevanovich realized that the mine had an unusually high level of cobalt. Further investigation revealed that the Cameroon site held the single-largest cobalt supply on the planet! Stevanovich quickly formed a company, CobalCam, Inc. (not its real name) and began feasibility studies on the Cameroon cobalt mine. It quickly became clear that the mine was an absolute fortune just waiting to happen. Not only was there a massive supply of cobalt at the location, but the cobalt was very close to the earth's surface. This meant that mining costs would be minimal... and profits would be mind-shattering. Of course, news of Cameroon's lucrative cobalt mine spread, and every mining outfit on the planet was watering at the mouth for a piece of the action. Stevanovich worked to position himself with the Cameroon government, but it was a toss-up as to who would get the mine. Finally, the U.S. government decided that the Cameroon cobalt reserved needed to be in U.S. hands. So... Cameroon's President Biya was invited to a private meeting at the White House with President Bush in March 2003. It was the first time the presidents of the two countries had ever met. What did Bush promise President Biya? No one knows for sure... but days after the meeting, CobalCam was granted an exclusive contract to develop the Cameroon cobalt mine. Think about that... By the way if you are wondering the company they are beating up is Geovix listed on the TSX under stock code GMC - I do not hold - just interested in the Cobalt story. Hevlet
  2. In reply to: Roger on Tuesday 22/05/07 01:54pm I was thinking the same thing.....very quiet in here considering todays announcement.... Am happy holder however.... looks to me like some very deep pockets have been getting in on todays news.... Hevlet
  3. Hevlet

    RRS

    In reply to: spovend on Monday 22/01/07 03:58pm Sorry mate I just get nervous when people celebrate before an announcement - especially on RRS..... Dont get me wrong if the SP goes to 10c I will be very happy with the rest of you!!
  4. Hevlet

    RRS

    In reply to: dazell on Monday 22/01/07 03:44pm Hi all I dont mean to be a wet rag and all but I sure hope everyone is not getting ahead of themselves again....I dont want to see the reaction when they announce if this is not the JV...... I mean sure the signs are good and I'm as hopeful as any but please lets celebrate only after we 'know' for sure and even then only after the shareprice goes up without a dump to follow it thereby making for another let down ..... http://www.sharescene.com/html/emoticons/unsure.gif Hevlet
  5. Hevlet

    RRS

    Can anyone explain all of these to me - This is what I find today when you do a code search on Range.... http://www.sharescene.com/html/emoticons/ph34r.gif Especially interested in RRSDA & RRSAM http://www.sharescene.com/html/emoticons/weirdsmiley.gif Best of luck everyone.... Hevlet RRS RANGE RESOURCES LIMITED ORDINARY FULLY PAID RRSAM RANGE RESOURCES LIMITED ORDINARY FULLY PAID RESTRICTED RRSDA RANGE RESOURCES LIMITED ORDINARY FULLY PAID DEFERRED SETTLEMENT RRSO RANGE RESOURCES LIMITED OPTION EXPIRING 1-OCT-2007
  6. Hevlet

    RRS

    Hi everyone... I have reconstructed the valuation model tonight done by David Archibald in the Independant Report....i just wanted to throw up some numbers for discussion When I run the numbers they really do astound me...(don't worry I know I am preaching to the converted in here) What I really found interesting is based on the model, a discovery of 87.5 Mil barrels at a POO of $60 gives a pre consolidation (I took the number of shares from the EGM documents after share issues to directors, Findlays etc) value per share of 5.6c... I find this amount interesting as this amount of oil is already shown in the Conoco data for Nogal 1 with the three reported oil shows outlined in the announcement on 23 Nov. A POO of $70 = 6.6c / share. Even more interesting is that based on 603.5 Mil Barrels (being a most likely outcome from 28-B + the Nogal 1 well already drilled) we have a pre consolidation share price of 38.6c / share ($70 POO = 45.5 c / share). The numbers people have thrown around here in the past (e.g. 20 Bil barrels - Pie in the Sky??) are just too big to comprehend (Pre consolidation $12.80 / share @ $60 POO & $15.10 @ $70 POO)! Now I know you will all start saying it is not discounted for soverign risk, future cap raisings etc but this is all based on $60 POO (which I think over the long term is conservative - Peak Oil??) and also only accounts for RRS's 20% share after the potential Canmex JV. And this excludes the minerals!! Well it is all fun to run the numbers and dream & I know there is a LOT of risk and a lot to do but I think I tend to agree with those that say the upside is too big to ignore over the long term to have at least a small flutter - for me at least. Anyways....back to waiting for the JV.......Not long now I hope...... Has anyone else reconstructed or done a model and how do my numbers compare? Remember to DOYR....I'm not giving advice here....just a novice having a go......and if you do invest be ready to lose the LOT and dont get greedy!! Hevlet
  7. Dg, I've been on since 7.5c - bought on the day of UK listing (from memory).... At the moment I agree with you....I can't really see this one going bad... I could be suprised but I am currently very comfortable with how things are going...... Hopefully soon we will hear some details about the offtakes and cap raisings....that would remove some of the uncertainty currently surrounding the stock and then it should be all forward from there...... Here's hoping to some more good times ahead..... Hevlet
  8. Hi guys, I'm suprised AIM doesn't have a bigger following in here especially with the price of Zinc trending the way it is. 2 massive buy trades went through in the UK last night - over $1 million aussie dollars per trade at 13.75 & 14.00 p (34.5c & 35c). It has been an interesting ride so far and it appears there is another accumulator starting (or continuing) to collect the stock. It looks to me like it is nearly ready to go for another run soon.... Anyway....DOYR and all that..... Hevlet
  9. Hevlet

    AWD

    QUOTE (roadrunner @ Monday 23/10/06 08:15am) QUOTE plenty of barker creek left to provide some excitement When do you think we will hear about Barker Creek albiet good or bad? Will we know any more this week or do we have to wait a while for everything to be tested? Its coming to crunch time now....
  10. Hi everyone...... I Just came upon this thread and it sounds like harmless fun.... However I am going play a slightly altered game. $1,562.50 in 6 trades to exactly $100,000.00 Each trade must double (having taken into account the brokerage in and out) I then start again. That way I get to enjoy the cash as we go or atleast de-risk/diversify it. To gamble $100,000 like that is too much money for me and totally stupid and greedy. http://www.sharescene.com/html/emoticons/puke.gif So knowing that I could never keep going to the million I am going to think a bit smaller and only go for 6 trades cause I would be bound to pike out and run with the cash or sell out if I was losing on the bigger trades near the end (and get no sleep at night).. Still haven't work out how to fund the CGT yet but hey lets have a go!! Now to find my first trade....I will keep you all up to date with my progress (p.s. I'm not going to restrict myself to a year either - just however long it takes!!). http://www.sharescene.com/html/emoticons/graduated.gif Hevlet.
  11. Hevlet

    RRS

    In reply to: slayer on Thursday 12/10/06 03:08pm QUOTE If you ever thought that you were seriously going to get 50% or 100% of the best oil and mineral prospect in modern days through a shell ASX company with no cash then please please wake up. No I never thought that.....just doing the checks to see which would be the 'best' exposure......I'm not about to rush into switching or anything just trying to work out which of the big boy's shells will give me the best ride........
  12. Hevlet

    RRS

    In reply to: Yurxter on Thursday 12/10/06 03:04pm Rick used to head Occidental Petroleum Yemen......(assuming the same Richard Schmitt) Occidental Petroleum Yemen (OXY) AL Sabatain Block (20) President and General Manager: Richard Schmitt Tel: +967 -1- 4414990 Fax: +967 -1- 421062 http://www.pepa.com.ye/oilcompanies.htm Looks like he would have some good contacts just looking at Occidental Petroleum's website - OXY is currently doing some stuff with Woodside - (Look in the 2005 Annual Report) http://www.oxy.com/index.htm
  13. Hevlet

    RRS

    QUOTE (Livas1 @ Thursday 12/10/06 02:48pm) Thanks Livas, I hadn't yet noticed that.... So where does Rick fit then...I am assuming that Lucas is still president... Hevlet
  14. Hevlet

    RRS

    QUOTE (Yurxter @ Thursday 12/10/06 02:45pm) The reason I ask Yurxter is that I think Canmex is now potentially a very good play for us to consider for exposure to the Somalia oil. Market Cap is only $39.7 Mil - And now they have 80% (to be later reduced to 60% after KNOC join us) of the best HC areas is Puntland. Only advantage I see in range ATM here is RRS still have offshore and also minerals..... I'm also sure Canmex will get diluted yet with some capital raisings, but its something to consider - Canmex is only a shell and if it has good management and connections (which it seems to) then could be a winner in the future with more oil exposure than RRS. I'm just trying to work out who owns Canmex ...... I havent got that far yet ..... I want to know who the 'stakeholders' are...... Hevlet
  15. Hevlet

    RRS

    In reply to: Brantley on Thursday 12/10/06 09:56am Hi Everyone... I'm confused.....Is Lucas Lundin the president of Canmex Minerals or is Rick Schmitt who is 'President & CEO' according to the RRS announcment? The Toronto exchange says the president is Lucas and RRS says it is Rick.... Who is it? And if it is Rick then where does Lucas fit in or has he moved on or in another role? http://www.sharescene.com/html/emoticons/wacko.gif Hevlet.
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