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Wargfang
Posted on: Jul 9 2010, 11:11 AM


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Posts: 1,916

I did the same. Proved to be a very good decision.

Now....at 65c to 70c is there a reason to re-enter.....pondering pondering
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Wargfang
Posted on: Jul 9 2010, 11:08 AM


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Got burned pretty bad the last time EOS went to bid.

Much better partnered this time....decisions decisions
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Wargfang
Posted on: Apr 15 2010, 12:05 PM


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Posts: 1,916

Up 30% in a week (40% at one stage) on higher than normal volume, move happened too long after the Pilkington arrangement I think for that being the reason ?

Just money trickling back into the more speccy end of the market or is something else shaking the DYE tree ?
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Wargfang
Posted on: Nov 12 2009, 02:42 PM


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Posts: 1,916

"With all the FA in the world you cannot stop a trend"

I love it when people say things like this....what a pile of pants.

How do you think trends begin and stop. The answer Fundamentals. Yes rumour, rampers, dumpers and herders cause over-reactions, surges etc etc.

However when a fundamental like "Oh my lordy we have found oil...and its lots...and it flows very nicely" or our profit this year is umpty million or we signed a stupid contract.....then one tends to see trends reversed or indeed set.

Clearly Mr Plastic you want the price of PPP to fall, perhaps you sold out to early and want back in....but honeslty posting on a stock that has done, bar one issue, so well in the past 18 months that it wall fall to 50% below book value is pathetic.

Please cease and desist.
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Wargfang
Posted on: Oct 16 2009, 04:19 PM


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If you are correct Plastic...this would be true of every oiler, miner, power generator using non-green stuff yeh...and as such isnt really a PPP thing...its an XXX thing !!!

And if KRUDDO is anything like the other world leaders...the companies protected most from the carbon tax will be :

Oil
Gas
Coal
Mining
Car Manufacturing
and Road building

which if one was to don their green hat, cuddle up to a whale and hug a tree....would make my blood boil....

....as the very causes of the green house calamity will be those most financially cusioned....why...becuase its the heartland of the untion, the aussie battler, the blue collar man...and more importantly about 65% of jobs and corporate tax.

Dont for one second think KRUDDO is stupid enough to bugger up the core of the Australian economy.

It will be shambles of a policy...made to appease the greens and 'a current affair' watching voters....while making sure non of our key industries are destroyed....for at least 20 more years.
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Wargfang
Posted on: Oct 16 2009, 11:09 AM


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Posts: 1,916

I dont believe PPP's SP has been effected at all by Carbon Trading concerns.

The entire Oil and energy sector got whalloped by the GCF and demand v inventories.

When the newspapers have a crack at explaining things once the bill goes through there may be all sorts of whacky market stampeding (as we have seen in the clean coal area...which is simply hillarious...but thats another story).

Just opinion based on watching PPP since I first bought in back at 16c smile.gif
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Wargfang
Posted on: Oct 16 2009, 09:32 AM


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Posts: 1,916

Dated yesterday : http://businessmirror.com.ph/home/companie...an-survey-.html

As for green energy, yes its coming, but not in a day....will the carbon based sector get slapped with costs as a result...yes....will they share this cost down the line to their darling customers....yes....will they let it consume their profit lines....no....thats the whole point of a carbon tax....its to make carbon products more expensive to the consumer so that eventually its cheaper to buy green products.

This process will take decades to traverse....however Im looking into Solar, Wind, Geo and Nuke options.....and have bought in to some near / market ready players like Dyesol.

However the notion that oil is dead or even bearish is in my opnion folly....indeed oil in its scarcity will go nutjobs in the next decade in my opinion...whcih in itself will force the green issue upon us.
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Wargfang
Posted on: Oct 16 2009, 07:58 AM


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Posts: 1,916

Totally agree Optionsman, pre-emptive rights are often there to enable the government granting the PEL the chance to 'get in' on any action should there be more than mud n stones down there.

However the 'slice' they take is normally shared proportionatly across the JV partners.

So in this case I can only assume its the way the JV farmin contracts have been dispatched by the Operator, where perhaps the other partners got a guaranteed %age of the JV with the operator carrying all of the pre-emptive rights component (this is unusual) and for some probably never to be divulged reason PPP took up this 15% to get in (and bring enough funding to the JV to make the drill and post find 2D seismic work possible).

PPP management have done well prior to this, its hard to fault PPP over the last 12 months in a horror market, giving us SP value and a divie (for such a junior). They have been prudent and selective so I would be very suprised if they went in to this on a punt. I suspect 'stuff' happened behind the scenes that when looked at remotely using only the official 'facts' makes it look like the dumbest deal Ive ever seen.....but if you were a fly on the wall when the JV invited us in...many a nudge n a wink was posted...and perahps something like government officials over riding a previous signalled intention has bitten us in the bum.

Anyway...time will tell...were in another JV kicking off in November / December...more TUI action to come....and even at an SP of 40squiggle most holders who were in before Vietnam are sitting pretty. Not good if you bought in the last month however.

I mailed PPP to ask for clarification anf got the 'canned' we report according to ASX blah blah..zzzzzzz response...whcih is the only professional response they can give. Maybe, if possible, we will get a more 'qualative' response at the AGM or some other 'state of the nation' style Ann. but I wouldnt put money on it.

The next question is...when its confirmed were out...if we are of Vietnam...how much more damage will it do to the SP.....and just how much swearing and nashing of teeth our fellow PPP'ers will be subject to when we hear the size of the find is 11teen majillion barrels of oil tainted only with flecks of gold.
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Wargfang
Posted on: Oct 14 2009, 01:10 AM


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Posts: 1,916

The second part of the announcement makes one wonder if PPP will loose all 15% of the Vietnam deal. All comes down to the detail, does the PetroVietnam claim/takeup of rights nobble PPP's 15% or just reduce all players holdings by a total of 15%.

It appears the market suspects the former...if so...low 40's is where we are going to live.

And...I have to say if so...what sort of deal did they get into where they could by 15% of an exploration on the basis whatever they found wasnt attractive enough for PetroVietnam to want their piece.

I hope its 15% across all partners.....but as someone with scars.....hope rarely comes to ones aid !
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Wargfang
Posted on: Sep 29 2009, 08:14 PM


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PPP ann out.

15% Farm in to prospect in Timor Sea with Oilex and about 4 other players.

2 exploration wells planned for november via submergable rig (as long as released on time by Woodside etc blah)

Looks interesting play.

This gives us TUI existing income.

Vietnamese find to be established/confirmed/sized

November Timor drill

Then 2010 1st Quarter TUI further drills.

All of a sudden.....lots more than just piles of cash on the radar smile.gif

Also on the fringe of ASX200 entry price. Probably need a Trade Weighted Avg of about 65c but thats not unthinkable over the next 2 quarters.
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Wargfang
Posted on: Sep 28 2009, 12:04 PM


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I hope its as brilliant as the Vietnam one, buy in with someone 11 days before they discover oil !!!

Loves me PPP
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Wargfang
Posted on: Sep 10 2009, 12:19 AM


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Chinese looking at EME.....lots of U stocks got a kicker from that.

May well see some 'consolidation' with lots of small caps looking good value to predators, cashed up players on the prowl...with AGS getting the '4th mine', AGS and other uStocks may seem worth consuming again.
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Wargfang
Posted on: Sep 8 2009, 11:42 AM


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Posts: 1,916

Its a tricky one this....

...firstly as it stands (and obviously if accepted)...the deal represents about 30 mill for JRL....then there are the 1:9 for the remaining 14million stock

At .61 (previous close) its market cap was what 20 mill.

So it seems a no brainer it should heading North...and one would guess even a skeptical market would see it closer to a dollar than 80c.

But it all depends on 3 basic things.

Will the deal go through.
If so what do JRL do with their cash.....
Will there be a counter bid.I tried to grab more...but it went past my conservitve (cheap a##) price. I already hold from a while back and also tried to catch a falling knife at 80c...so other than a quick trade on a rocket.....not tempted to chase.

As big a announcement for JRL as this is...its hardly a stock in spotlight (less than $100k traded) and it would be easy to get biten by some muppet playing with the price.




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Wargfang
Posted on: Sep 8 2009, 10:31 AM


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Hmmm wonder how JRL will respond to this

Key Points

• Energy Metals has entered into an Implementation Deed with CGNPC

Uranium Resources Co., Ltd. ("URC"), under which China Uranium

Development Company Limited ("CUD") will offer to acquire up to 70% of

the outstanding ordinary shares of Energy Metals for $1.02 cash per share,

by means of a proportional takeover bid. Both URC and CUD are wholly

owned subsidiaries of the stateowned China Guangdong Nuclear Power

Holding Co., Ltd ("CGNPC").

• The offer price represents a 19% premium to the closing price on 26 August

2009, and a 60% premium to the 3 month volume weighted average price of

Energy Metals shares up to 26 August 2009.

• As part of the above deed, CUD will underwrite a 1:9 rights issue by Energy

Metals at $0.90 per share which Energy Metals intends to implement on

completion of the proportional takeover bid. The rights issue will raise

approximately $11.7m.

• The proposed transaction is unanimously supported by the Board of EnergyMetals, subject to no superior offer being tabled.

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Wargfang
Posted on: Sep 1 2009, 09:57 PM


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EME related trading halt.....we shall see perhaps exactly what EME is worth smile.gif
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Wargfang
Posted on: Aug 26 2009, 04:36 PM


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Course of sales looks a bit fishy...lots of tinies....seems the 10% stoploss-a-thon took a wad out.

Anual report wasnt bad.

I suspect either someone managed to buy 2million shares at a bargain this arvo by scaring some mum n dads away with some small trades (200,000 moved it 5c down)...or the seismic data has come back to tell us the hole we drilled hit a 3 meter wide 'well' of oil.
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Wargfang
Posted on: Aug 25 2009, 12:29 PM


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I checked AWE when we starting kicking off this AM....AWE is down...and TUI further exploration news is nothing new and is listed as Q1/2010 (which is no new/good news)....TUI production graph went out to 2021...which was longer than Ive ever seen before....but dropping off as expected.....

....the only other thing that may (and this is specualtion) push it...is that at .65c its close to ASX200 consideration....and that always causes a surge in price when the funds have to grab their slice....and changes perceptions / lending $$$ for shares etc etc.

Anyway...as the rather silly world that is the stock market seems to buy on rumour and sell on 'good' news ann facts...maybe its best for the time being to be in rumour land smile.gif

Very nice to see reasonable volume and churn at these prices.
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Wargfang
Posted on: Aug 25 2009, 12:09 PM


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Posts: 1,916

Be it people finally taking notice....or....in my humble opinion, 'shenanaghins'...I know...a serious call !! its going off at the moment.

.66c....80c on the sell stack and 18 sellers v 112 buyers.

Id like to see an Ann. to put some weight under this....but wow....she's a cooking.

4 bagger achieved on my first parcel of this little beauty smile.gif
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Wargfang
Posted on: Aug 13 2009, 12:15 PM


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At $20 a barrel profit a 80-90bbl find would be worth about $300mil...or double their current value.

So conservative value of a find of that size would be .... around what your spreadsheet says...maybe accepting 20c of current value is already on the hopefull side.

I use the 80-90bbl find based on stuff ive heard around the traps regarding the column depth blah blah...I have to say I have no geological idea myself.

The 3d seismics have to be coming soon ?!?
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Wargfang
Posted on: Aug 13 2009, 10:32 AM


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Posts: 1,916

Something is shaking...

800,000 shares in the last 30 mins.... 56c ... couple of big buys....only 330,000 shares left on the sell side....

.....3D in ? Ann on the horizon....I feel like other people know stuff I dont (which is pretty much a given smile.gif )
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Wargfang
Posted on: Aug 3 2009, 08:55 PM


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Posts: 1,916

If vietnam turns out to be the goods 60c may prove a good buy by Christmas.

Still a great stock to hold in these 'interesting' times.
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Wargfang
Posted on: Aug 3 2009, 04:18 PM


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Closed over .50c for the first time ever......very nice.

lmaosmiley.gif
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Wargfang
Posted on: Jul 26 2009, 03:25 PM


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A bit thin on the buy side overall...would like to see a bit more volume and some more buys stacking up.

Wouldnt take much of a bad day to drop PPP back a wad.

Cant access announcements at the moment...but didnt a director drop 1,000,000 shares last week ? Any thoughts on that ?
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Wargfang
Posted on: Jul 21 2009, 11:44 AM


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Posts: 1,916

If PPP hold at .45+ for this and the next quarter...would we be entering the ASX200 ?
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Wargfang
Posted on: Jul 2 2009, 01:47 PM


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Mine arrived not that you can see it in my bazooka'd commenwealth bank transactions !!
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Wargfang
Posted on: Jul 2 2009, 01:47 PM


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Mine arrived not that you can see it in my bazooka'd commenwealth bank transactions !!
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Wargfang
Posted on: Jun 24 2009, 09:26 PM


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I read (and I dont know the basis) that a 90mill find...would be 12mil to PPP (on the basis govt get their slice). So what would that be to the SP at $60barrel ? less costs ?
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Wargfang
Posted on: Jun 24 2009, 01:50 PM


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Looking better and better....

Pan Pacific Petroleum NL ("PPP") reports that the Cá Rng Đỏ (Red Emperor) exploration well within Block 07/03 Production Sharing Contract, offshore Vietnam, has been drilled to TD at a measured depth of 3,810m BRT having intersected the target intervals. The well was spudded on 6 May, 2009 using the semi-submersible drilling unit "Hakuryu-5".

The well encountered oil and gas shows while drilling and the results of logging with the Modular Dynamic Tester (MDT) and other wireline tools have established approximately 90m net pay comprising both oil and gas within multiple stacked reservoir layers. Two of these reservoir zones have now been tested and flowed oil at a combined rate of 3,265.4 barrels of oil per day plus 8.1 million standard cubic feet of gas per day, through a 48/64" choke. No water was produced from either zone.

It is now planned to conduct a 3D survey to define the resource potential of the Cá R
ng Đỏ discovery and adjacent structures, and to determine future exploration and appraisal activity. The discovery of oil and gas and is very encouraging for future exploration in the block which has multiple leads and prospects, and a second exploration well is planned in Q4 2009.

Block 07/03 covers 4,915 km2 in the prospective Nam Con Son Basin, and is adjacent to block12W which contains the Chim Sao and Dua Oil Fields.

Partners in the block are Premier Oil Vietnam South B.V. ("Premier"), Vietnam American Exploration Company, LLC. ("Vamex", a wholly-owned subsidiary of Pitkin Petroleum Plc), and PearlOil (Ophiolite) Ltd ("Pearl"). Upon completion of Pan Pacific Petroleum (Vietnam) Pty Ltd’s ("PPPV") farmin, which is subject to Vietnamese Government approval, the participating interests will be;

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Wargfang
Posted on: Jun 18 2009, 11:57 PM


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Bang on sharp....i would imagine the costs of drilling 4k under the sea is more than tui's intravenous tap too ! So flow rates, side tracks, fragmentation, viscosity blah blah all has to come.

But as a rule...hitting 90m of oily goop is alot better than finding just mud. So its not time to pop the champagne at all.....but theres plenty of room for hope smile.gif
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Wargfang
Posted on: Jun 17 2009, 11:02 PM


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90meter column of oil n gas intercepted.

Flow rates/commercialness being assessed

hit 47 on intraday high

This could be very very tastey
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Wargfang
Posted on: Jun 11 2009, 12:53 AM


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Latest ann. still refers to oil and gas shows.

Now being analysed for commericial flow rates.

Only change of note to last weeks ann. was the fact its multiple sands where hits are recorded.

Almost at 40c and lots of 'buying' taking place.......bit of a coin toss as to 30c or 50c being the next stop for PPP
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Wargfang
Posted on: Jun 11 2009, 12:52 AM


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Posts: 1,916

Takeover rumour not been appearing anywhere Im looking.

Stock has a rocket under it at the moment however.

Recent steps to cut debt, inventory and poo may be helping.

Even got a mention on the ABC radio market wrapup today
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Wargfang
Posted on: May 26 2009, 09:33 AM


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As QLD continues to bleed mining jobs (26,000+) the morality of banning an industry will be tested by the need to employ people.

The main blockers to this (the unions associated to the coal mining industry) may alos loosen their grip on their ideology as pressure for employment rises.
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Wargfang
Posted on: May 13 2009, 09:40 AM


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Posts: 1,916

I think its hard to knock PPP management at the moment. There are not many companies who are at record high SP, have just given out a special dividend have a very exciting drilling programme coming up soon (in TUI) and we have now been instantly exposed to a drilling programme already under way that seems to have a chance of high returns for a suitable amount of risk.

Now the question : How much did it cost us ? could change my opinion greatly.

As to why was it a market trading halt...well having seen this week CVN surge and then announce an oil find...a fundametally flawed and unfair trading scenario....the openess of the PPP market behaviour is refreshing.

PPP have been a solid member of my portfolio for a while now and I am at the moment a believer
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Wargfang
Posted on: May 12 2009, 11:24 AM


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Posts: 1,916

I would agree it smells of a Joint Venture deal.

This can come in many forms. Lots of oilers out there need cash / reduce risk exposure and are selling PEL's or parts there of.
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Wargfang
Posted on: May 12 2009, 08:44 AM


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Posts: 1,916

I was wondering if CVN were at the top of their current run...and was then greeted by this rather good news this morning :

L44-W EXPLORATION WELL (Carnarvon 40%)

Carnarvon is pleased to announce that testing of the L44-W exploration well has confirmed the

discovery of a potentially significant new oil field straddling concessions L44/43 and L33/43

onshore Thailand. The L44-W well is currently producing 27 to 32 degree API oil through an

electrical submersible pump (ESP) at a stabilised, restricted rate of approximately 1,220 barrels

of oil per day with a water cut of less than 0.5%.

An oil column of approximately 86 metres is inferred by the results of this test with 3D seismic

mapping indicating a maximum structural spill point an additional 35 metres deeper below the

base of the 36 metre thick oil bearing volcanic reservoir that would correspond to a maximum

case structural closure of approximately 13.7 square kilometres in areal extent. Additional

drilling will be required to fully define the extent and reservoir quality of this oil discovery.

The L44-W structure straddles the boundary between L44/43 and L33/43 with approximately

1/3 of the most likely mapped structural closure in L33/43 and 2/3 in L44/43. Confirmation of

commerciality in the L33/43 portion of the structure by future appraisal drilling would mark the

first production from this concession and be subject to very favourable tax & royalty treatment.

Additional exploration upside located in the area immediately north of L44-W in concession

L33/43 (past the edge of 3D seismic acquired by POE in 2007) is poorly defined by a loose

grid of fair quality 2D seismic data acquired in the late 1980's. This will be an area of future

focus.

The results of the L44-W well have established commercial production approximately 9.5

kilometres northeast of the NSE-F1 oil discovery (announced in March 2009) and 10.7

kilometres north east of the NSE central field producer NSE-C1, highlighting the potential of a

large fairway north east of the main NSE central field that includes the deeper oil leg potential

of the Bo Rang gas discovery (Bo Rang-1 was drilled in the 1980's by a former joint venture of

the concession).

Near term plans are:

- Twin the previously drilled Bo Rang-1 well targeting an untested 50 metre thick volcanic

reservoir that correlates to the L44-W oil zone and sits immediately below a 25 metre thick

volcanic reservoir that tested 5.5MMcf/d in the 1980's. This location is already built with two

cellars and ready to go when rig #14 has completed the drilling of the NSE-I1

exploration/appraisal well in approximately 14 days.

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Wargfang
Posted on: May 11 2009, 09:57 AM


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TRADING HALT

Who else is halted....
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Wargfang
Posted on: May 5 2009, 07:51 AM


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I would normally agree, however since we went EX div there has NOT been the sell off one would normally look for after a special divi. I still think most of the folks holding PPP are people who went looking for it. Its not on the radar of many investors at all.

The divi will have stirred up some interest but overall its still a niche stock.

I hope drilling in Q3 will go as well as we all hope and maybe bring PPP to more eyes (and pockets).
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Wargfang
Posted on: May 5 2009, 12:38 AM


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Posts: 1,916

33.5 and a 3c divie puts us at 36.5c...all time high.

Lots of buyers queuing up....takeover not impossible....soon to come drilling programme...bags of cash....consistent revenue and perhaps oil coming off a bottom in a 12 month cycle....looking good all over.
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Wargfang
Posted on: May 5 2009, 12:37 AM


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Heard it was a big boy sniffing around 'coal-gas' which ROC have 20% of.
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Wargfang
Posted on: May 2 2009, 01:25 AM


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Big shift today.

Takeover rumours around.
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Wargfang
Posted on: Apr 24 2009, 09:23 AM


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Well ASX200 placing shouldnt harm things.

I have to say now is...a very interesting time for the small caps.

Money has been slowly creeping back into many small caps over the last 4 weeks as I suspect some folks have chosen to 'pick the bottom' as now. Some signs from the US and China (March figures) if they are to be believed may make this 'the' time to buy in the current cycle (over a couple of years).

However there is a fairly well subscribed to (and supported by many a wise sage) theory that now is indeed ab abberation and the whole house will come tumbling down in a few months when the realisation that we are indeed (and im going to get technical now) 'goosed'.

Its very hard to tell. Many experts saying things 100% the opposite of others.

Oil price is also pretty low given the last year or so.
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Wargfang
Posted on: Apr 24 2009, 09:11 AM


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I didnt see Catalyst. Was it simply a story about 'printing' bio synth style solar or did it acually mention Dyesol specifically. If its the former it wont I dont think effect DYE as it would require too much investigation by your average punter to discern Dyesol is about the most advance commercial runner in this area (available on the ASX to invest in)
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Wargfang
Posted on: Mar 24 2009, 08:28 PM


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So 3-3 over the two series is about fair.

Mind you Punta should be playing two up....six consecutive wins of the toss...makes SA getting 3-3 probably a little more creditable.

The toss is the only way to stop grounds being setup for side x. But when a series goes 5 or 6 nil on the toss...its a tad harsh.

Check them coins.
  Forum: Off Topic Chat

Wargfang
Posted on: Jan 30 2009, 01:35 PM


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Posts: 1,916

Now I loves me PPP but im a bit befuddled.

From the AGM report page 4 :

Financial Position at 31 October 2008

A$ 51 million

NZ$ 37 million

US$ 44 million

Total equivalent A$ 150 million

From December QA report :



Current Assets include: Cash held (refer cashflow) $150.4m


Receivables for oil sales (gross) $3.0m

Hedging – call options (mark to market) $2.5m

Tui oil inventory (WMP share) 44,358 barrels

Current Liabilities include: Accrued royalty taxes $8.9m

Accrued income taxes $17.7m


?? So how come in two months wever earned $0


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Wargfang
Posted on: Jan 27 2009, 08:59 PM


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Since the 15% was hit there hasnt been any more purchase by NZO.

There has been 'bot' like purchasing going on...lots of little packages being picked up and then a tiny sell to the buy side to show a slip in price.

However no change by NZO.

So perhaps a broker buying up 4.9% to sell on at a later time...however volume has been tiny the last couple of weeks.

This is the second pre-emptive dont sell from PPP and that sort of smoke rarely rises without fire.

Interesting times ahead.

Will NZO move before the drilling programme for the 5 exlporitory wells for TUI....if not will pre-spud hype (as normally one gets) make it pricey for NZO and just expose them to a nice profit on PPP holdings ?

No matter what, given the last 3 months of trading in the energy sector and ASX in general, PPP has been a damned good share to hold.

....and of course where will the PoO be in 6-9 months ?
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Wargfang
Posted on: Jan 16 2009, 08:24 AM


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QUOTE (Wargfang @ Thursday 15/01/09 08:07am)

With NZOG green lighted to go to 20%, PPP retort with a very pre-emptive 'were worth alot more' statement :

On 15 January 2009, New Zealand Oil and Gas Limited (NZOG) announced that it had received Foreign Investment Review Board approval to acquire up to 19.99% and/or all of Pan Pacific Petroleum NL (PPP).
NZOG also advised that, in due course, it would assess its position to determine what, if any, further steps might be taken.
As previously advised, PPP has appointed Origin Securities Pty Limited to assist with an assessment of PPP’s assets and in the formulation of a strategy to maximise value for shareholders so that PPP is fully prepared if a bid or any other proposal for its issued capital eventuates from whatever source. Additionally, Allens Arthur Robinson has been appointed as legal adviser.
As at 31 December, PPP has no debt and a strong cash position totalling A$153 million (equivalent) comprising A$55 million, NZ$38 million and US$46 million. This excludes US$7 million deposited as collateral to support Tui lease arrangements. PPP’s cash backing per share is now 26 cents and will continue to increase in the financial year to 30 June 2009 in the absence of a significant acquisition.
Shareholders should therefore note that, given this significant cash backing, current market trading prices continue to place nominal value on the Company’s most significant asset, its 10% interest in The Tui Area Oil Fields, and exploration upside potential. Remaining Tui reserves net to PPP at 31 December 2008 comprised 3 MMbbls.
Profit outlook advised at November 2008 AGM remains broadly on track in the range A$50-A$55 million, given higher oil prices in the first quarter of the financial year, and assuming an average oil price of US$50-60 per barrel and an A$ exchange rate of US$0.65 for the remainder of the financial year.
PPP remains committed to its growth strategy, and is continuing to progress attractive opportunities in the oil and gas business currently in hand. PPP’s strong cash position is a substantial competitive advantage given current global credit constraints.



*** With oil below US$35 their profit outlook may be at risk,......I know they hedged at $50 but much of that must be gone / soon
  Forum: By Share Code

Wargfang
Posted on: Jan 15 2009, 08:07 AM


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In reply to: flower on Monday 12/01/09 02:57pm

15 January 2008
Pan Pacific Petroleum
New Zealand Oil & Gas Ltd (NZOG) has been told by the Australian Foreign Investment Review Board that it has no objection to NZOG increasing its stake in Pan Pacific Petroleum (PPP) in terms of the Australian Government’s foreign investment policy.
In December NZOG acquired a strategic stake in PPP and now has voting power of 14.865% in PPP (as determined under the Australian Corporations Act).
Ahead of acquiring the stake, NZOG applied to the Australian Foreign Investment Review Board (FIRB) to acquire up to 19.99 per cent and/or all of PPP.
In due course, NZOG will assess its position to determine what, if any, further steps might be taken.
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Wargfang
Posted on: Dec 16 2008, 04:19 PM


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In reply to: flower on Tuesday 16/12/08 01:50pm

I think there is an irony that we are sitting here wondering when PPP is going to use this bag o dollars to do something (other than be a chascow...which is fine).

So to manage the 'new opportunities' they higher a Mr Prudence.
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Wargfang
Posted on: Dec 15 2008, 12:32 PM


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In reply to: andy20020 on Monday 15/12/08 11:51am

16mill shares traded. Its more than the NZO ann.

NZO shifted 3%.

Cant believe its not been ticketed by the ASX....nice to see they are on the ball.

Whoever is buiyng inst put in orders to fill, they are taking straight of the sell stack.

Ill be interested to see if its sustained or just a burst on a leak.

The NZO ann. may have made someone sniffing about PPP grab a piece quick. Ive not seen a sell side dissapear like that before. I tried putting a sell in at a $1 but stoppid broker stopped me.

I suspect some new news within the day.

Someone taking a position
PPP specific ann. (eg divi)
PPP aquiring a piece/part/whole of something

All in the pot.
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Wargfang
Posted on: Sep 23 2008, 01:14 PM


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In reply to: jag157 on Wednesday 03/09/08 09:50am

AGS in trading halt pending ann on 4mile
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Wargfang
Posted on: Sep 23 2008, 08:16 AM


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In reply to: sootmeister on Friday 19/09/08 05:06pm

Its bounce defied physics.

Futures contracts expired and then well up $25 !!
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Wargfang
Posted on: Aug 29 2008, 01:08 PM


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In reply to: tricha on Friday 29/08/08 08:15am

52mill after tax profit, no debt outstanding, $80mill+ in the bank, 50mill bo in the ground....

These are the sorts of fantastic figures that will see bugger all or worse happen to todays SP weirdsmiley.gif
  Forum: By Share Code

Wargfang
Posted on: Aug 15 2008, 08:58 AM


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I think the last few months has revealed that a large amoung of beyond asx200 investing is done on borrowed money.

Many stocks have lost overly logical %ages. On really small volumes.

Margin calls dragging money to defence.

At 34c, we had oil at $75, 40% less reserves and an expectation that flow would be dropping off.

Now in a bear world we are in a fundamentally better possition and almost 50% on that position.

Fundamentals are lost on the herd....and when the herd was living on credit its even more desperate.

  Forum: By Share Code

Wargfang
Posted on: Aug 1 2008, 08:31 AM


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I want to see my PPP realise a better potential as we all do. And still shake my head when I see current SP and compare it to Sep 07 (.25c) when oil was $30 a barrel cheaper, TUI was thought to be smaller and production flows were predicted to drop !!

But I dont want a share buyback...that indeed would be terrible.

Other than our golden goose, TUI, we dont have much on the radar and this is hurting. What is hurting more however is that the ASX based companies react adversely to US financial details, ignore Asian progress and at the moment the only ASX good days tend to come when resource prices fall !

In the current climate there is very little money sloshing around the non-asx 200 companies (ironic really as their demise is the cause of much woe). So as the herd buy and sell on the misguided commentry of pundits watching the less and less consequential US markets we sit, largely ignored and unloved.

However there is some fantastic opportunities, we are not the only sad panda...there are lots of other small companies out there with decent holdings and a depressed price.

In my opinion NOW is the time to aquire. Oil is still at a very high price and even if more levelling out occurs one can hardly envisage the price going south for any extended time.

So be it permits, partnerships or aquisitions, we are moving into a buyers market......buy in recession sell in boom.
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Wargfang
Posted on: Jul 31 2008, 08:55 AM


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In reply to: wasabibarako on Saturday 26/07/08 09:10pm

I have three different flavours of stocks. Speccy's, Emerging (small companies in solid areas with cash n plans) and of course my cornerstones.

RBY barely make it into my speccy's area, I may need to create a 4th group called 'roulette'.

I would only put money in this lot if I didnt really need that money.

I play with the .02 fluctuations on this one and try and increase my small holding by accumulation off the spikes.

The China business may cause this one to bolt up at some time, but such a diverse portfolio of business's with HIV, Avian Flu, Hangover Tablets and Thrush Cream.

So if you have some money to put on lucky 13 black then maybe RBY is the play for you......if you have a better use for the money (perhaps blocking the cold draft under your front door) it may give better value.
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Wargfang
Posted on: Jul 17 2008, 09:55 AM


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In reply to: arty on Thursday 17/07/08 09:27am

Almost a year ago I tried to see if there was much SS interest in greenie stocks, I am building my portfolio slowly as its such a poorly 'marketed' sector.

http://www.sharescene.com/index.php?act=ST&f=37&t=8520

  Forum: By Share Code

Wargfang
Posted on: Jul 17 2008, 09:14 AM


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In reply to: Wargfang on Thursday 17/07/08 08:41am

To be more precise, in FY07-08

"In the current financial year, the price recoverable for approximately 8% of Pan Pacific’s production is effectively capped at US$92/barrel as a result of calls sold as part of the company’s hedging program." from chairmens address.

Soooo in fact thats 92% of revenues at what an average of about $110-$120 for this past half of the year !!

When the full year accounts come out in ??late august - early september ?? surely the bank balance of PPP will draw some more interest.
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Wargfang
Posted on: Jul 17 2008, 08:41 AM


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Didnt PPP (as any prudent company would) also hedge a certain amount of their business, so I dont think every barrel is selling for 130-145.

Still cant understand why this stock is so low.

Oil goes up PPP stays still, oil goes down PPP goes down.

They have 50% more reserves and the BPS price is almost doubled and its still languishing. If you track PPP against the energy sector and graph the two, im afraid PPP is simply flotsam in the tide and the fundamental announcements the company has made make not a jot of difference.

Indeed its underperformed since May...which is simply drunk.


Attached image(s)
Attached Image

 
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Wargfang
Posted on: Jul 8 2008, 08:08 AM


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In reply to: albion on Tuesday 08/07/08 07:57am

I hope he has a hatfull of ideas he brings with him.

Should be interesting if there is a project in his pocket that was part of getting him the job.
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Wargfang
Posted on: May 23 2008, 05:39 PM


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Close at .32c and although theres a big stack of selling through to .35 still good news.

Volumes are still a tad underwhelming but May has been a top month for PPP so far.
  Forum: By Share Code

Wargfang
Posted on: May 19 2008, 11:15 AM


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Running hard today....great volume, almost $2million worth of trades in first 2 hours
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Wargfang
Posted on: May 17 2008, 01:31 PM


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Nice close on Friday and oil up to a new high $128 so Monday could be interesting, see if the 30c line can be crossed with some emphasis.
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Wargfang
Posted on: May 13 2008, 12:28 AM


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In reply to: uraniumbull on Monday 12/05/08 06:45pm

Was also a report at the weekend that China has a kitty of 15billion to target Aussie resource companies with and Uranium was an example of their interests.......add to that the general upswing in all energy related sector and timely news from AGS and the embers are alight again.

Need more volume/churn to solidfy....
  Forum: By Share Code

Wargfang
Posted on: May 9 2008, 12:33 PM


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In reply to: aristo on Friday 02/05/08 01:51am

As a long time holder and fan of the PPP story I 'feel'/note higher volumes at higher levels than we have seen in a while, I think obviously the price of oil is the main player here.

I was wondering if any charting whiz's can lend their opinion to the PPP SP
  Forum: By Share Code

Wargfang
Posted on: Apr 17 2008, 09:11 AM


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Held PPP since 11c. Topped up regularly on this my favourite speccie that should no longer be a speccie....one of the nicest looking 'sub asx200' stocks in the market methnks.

PPP were very unlucky SP wise, as they ann'd their TUI loveliness they were t-boned by the Jerry Springer sub-prime loans scandal which simply stripped the market of cash. In doing so retreating investors bailed on non-blue chip stocks. This led to a bear market in the 'speccie' stocks.

The last few weeks in my opinion, have seen the return of money to some of the 'sub asx200', of course some stocks, living on hype and dodgy ann's never recover.

The recent strength in PPP is not purely driven by the Price of Oil, but I believe by the FUNDAMENTAL strength of the stock.

All this while the management have done very little to attract investors. They may well be right in allowing cash to accumulate, retiring debt and 'looking for opportunities" and the PPP shareholders may well need to be a little patient as a prospector company cements its producer credentials.

Irrespective of my interpretation of recent PPP SP being accurate or pants, after the climb of the last two weeks from low 20's to high 20's, with the US going up 2.5% last night and oil hitting an record highs, today is an EXCELLENT day for PPP to produce high volume churn and build resistence levels into its current price.

Would love to see .30c tickled, would prefer to see 5million shares traded smile.gif
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Wargfang
Posted on: Apr 10 2008, 08:45 AM


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Couple of things helping here I suspect.

Some money is returning to the not ASX 200 stocks.

Surely we are getting close to the Waitland drill
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Wargfang
Posted on: Mar 6 2008, 08:29 AM


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Im also frustrated at the lack of 'plan' and 'looking' for options.

I am interested in Maitland and wonder if there is an intent to fund maitland with minimal debt exposure....Maitland programme should kick off over the next 6 weeks....after that I shall re-evaluate my PPP.

At the moment, they could simply announce to market they have a cash printing machine....as fundamentally thats what we got !
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Wargfang
Posted on: Feb 29 2008, 01:54 PM


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In reply to: towie on Friday 29/02/08 01:45pm

PPP holding up well as the ASX has another poor day.

I cant believe the market has overloaded PPP with too high an expectation for the report...indeed...I dont think most of the matket even know PPP exist.
  Forum: By Share Code

Wargfang
Posted on: Feb 25 2008, 10:22 AM


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Good volume today...assume its in response to the news article referred to a couple o posts ago.
  Forum: By Share Code

Wargfang
Posted on: Feb 15 2008, 08:34 AM


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Thanks for attempting to relax my angsts...I read all the ann's and oil press.

That same address could have been made the day after they landed the 1st barrel of oil (bar the good news that the PoO is much healthier than hoped for).

Perhaps im just being impatient or dissapointed that in the biggest bull oil market in many a moon a company who has had their reserves increase, costs managed well, income increase (due to PoO) is still languashing at little more than assett value.

The Jerry Springer US loans scandal has sucked the life out of many a sub ASX200 company but OIL should be the good play. However PPP should again shine, no exposure to dodgy credit and cash negating the need to seek credit.

I guess this part is where I want to hear/see/progress.

"The Board is evaluating ways to expose the company to greater upside by getting involved in new exploration drilling plays, possibly assisted via recruitment of an exploration-focussed geoscientist as a full-time CEO and/or through structuring an alliance with another like-minded company, or through conventional farm-ins. Tony Radford Chairman "

Dont get me wrong I loves my PPP and beleive in time she will blossom. But it does drive me mad when good news after good news lands and lands and the SP dwindles/languishes.

It is all well and good to look at a stock you have procured and feel all warm that you know you have something that is undervalued....well...its all well and good if the market ever catches on...because in essence...to hold a stock you beleive to be undervalued is to tell the market it is wrong....and that is a dangerous positon to be in.
  Forum: By Share Code

Wargfang
Posted on: Feb 15 2008, 08:13 AM


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Posts: 1,916

I think Venuzuela is the catalyst here. They nationailsed their recenently productionised oil industry relieving Mobil Exxon of its assets for a nominal amount of 'no choice' compensation.

Mobil Exxon have said they are taking this to court for more billions of $$$. The Venuzuelan president has to Bush to stop this...he considers it economic war and is threatening a sales embargo on the US saying "if you want to pay $200 a barrell for oil then keep on this path".

It is somewhat unnerving the market.

PPP drives me MAD !! I hold alot and have been getting in since 11c (although I did also buy above the current price). I just dont understand why they are not getting the message out to market...I dont understand why they dont explain their strategy.

If they choose to sit on a pile of money as Maitland comes in to fund it from their current account / retire debt..well thats cool.....explain that.

A strategy is not 'continue to seek extra opportunities'....thats what every living entity does by default.

I want value for my investment. If I want to buy shares in a pile of cash ill invest in the CBA.

So many bargains out there now....being cashed up is a luxury not to be squandered by inactivity.
  Forum: By Share Code

Wargfang
Posted on: Feb 6 2008, 07:30 AM


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At the current lending rates they should open a banking sub div.
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Wargfang
Posted on: Jan 31 2008, 03:02 PM


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Multimillion Dollar Contract.

SP down.

Sigh....cant pull a trick at the moment.
  Forum: By Share Code

Wargfang
Posted on: Jan 29 2008, 07:49 AM


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Posts: 1,916

Agree with previous comment that it was a close win (perhaps lucky one) by Australia, amongst all the melarkie some good batting (of note Hayden and Tendulka) and some great bowling Kumble and the new qucikie from India and I though Lee bowled very well all series his maturity with the ball is very important.

Key time for Lee, in theory at peak (by age) and seemingly not an injury magnet yet, he must lead the aussie bowling attack over the next 3 years or so.

Gilchrist retirinig bit of a shock. I love watching Gilchrist, he plays with a smile, plays on a tightrope of hitting the ball with such risk and securing the runs.

I was a big Healy fan (as a wickie) but Gilchrist won me over (as an all rounder). Heally superior Wicky but Gillie changed Australia's one day side and was as exciting a number 6 as I can remember (since Botham) to watch.

I reckon hes gone at the right time while his hand eye co-ordination (key to gloving and his batting style) were still there.

One regret is I would have love to have seen more of Symmonds/Gilchrist as that could have been fireworks in mid-lower order.
  Forum: Off Topic Chat

Wargfang
Posted on: Jan 29 2008, 07:42 AM


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Posts: 1,916

Agree with 'calls' as reason for PPP supression.

Stocks outside of the top 200 get slaughtered when money is called in.

Leveraged arrangements that go to call will survive with money left in the likes of BHP, CBA and TLS whereas stocks on the outer asx rim like PPP will be brutalised.

The not ASX 200 has been in a bear market for sometime now.
  Forum: By Share Code

Wargfang
Posted on: Jan 25 2008, 07:33 AM


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How long can a company stay suspended is their a limit ?

Is there a mandatory reporting requirement ?
  Forum: By Share Code

Wargfang
Posted on: Jan 18 2008, 01:32 PM


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I always chuckle a bit when folks say the Aussies cant play swing.

The truth is nobody can, theres no batsmen in the world who prefers, likes or can predict swing.

The issue isnt why cant the batsmen play swing...the issue is why dont the Aussie bowlers swing it !!
  Forum: Off Topic Chat

Poll: Uranium
Wargfang
Posted on: Jan 15 2008, 12:47 PM


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Posts: 1,916

SBS - Cutting Edge tonight 8.30pm

The nuclear comeback.

Re-opens discussion on nuke power. Nothing much new...and many of the old phobias I think but may be worth a looksee
  Forum: Macro Factors

Wargfang
Posted on: Jan 15 2008, 12:09 PM


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Posts: 1,916

Almost a million sold today....
  Forum: By Share Code

Poll: Uranium
Wargfang
Posted on: Jan 11 2008, 06:53 AM


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UK Govt. announce new nuclear power policy for future as only way to achieve UK's agressive and pioneering greenhouse targets.

http://news.bbc.co.uk/2/hi/uk_news/politics/7179579.stm


  Forum: Macro Factors

Wargfang
Posted on: Jan 9 2008, 12:04 PM


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Release out rates companies asset value way way above current SP.

I read this release as the directors saying to the ASX...'good grief' !!
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Wargfang
Posted on: Jan 9 2008, 11:43 AM


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In reply to: mailman32 on Wednesday 09/01/08 10:16am

Ponting is an excellent batsmen, indeed one of the all time best.

Hes an OK captain who is learning. Lots of mistakes though and not a scratch on the likes of Taylor.

He isnt a cheat, hes not a 'bad' sport...hes not a 'good' sport either...he is uncultured at the nicities of things. This isnt such a big issue, the Aussie team are less aggressive now....but nowhere near friendly...and I can understand the 'Border' line that they shouldnt be friendly.

The big fopar for me is banning Singh on uncoroborated evidence. So essentially each member of team A could accuse team b as saying 'blah' and boom your banned.

Racism needs stamping out. Simple as that. But banning sing on 1 mans say so....is BIZARRE !! and if I were Indian Id smell a rat.

A couple of bad decisions (terrible in Simmons case in his big knock) went against India....this is annoying....you see this a bit in English soccer...were the mega team seem to get 60-40 of the decisions. Be it the crowd, subliminal expectation of the umpire (who knows on form Aussies will beat India and as such sways that way).

Its a pity the test wasnt drawn, would have made for a better series, India were hard done to with decisions and the Aussies didnt play it well, took light when time was pressing on the 4th day, batted slowly at the start of the 5th day, should have been skittled for 200odd on the 1st day and won by a fluke really on the last day (albeit wonderfully entertaining).

So, in summary my opinion, Ponting is ok, shouldnt be pressured out at all, Singh has been very harshly treated given the evidence and India got the wrong end of the stick on some decisions (but this happens to us all and to some extent....live with it).
  Forum: Off Topic Chat

Wargfang
Posted on: Dec 17 2007, 02:46 PM


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Posts: 1,916

Just interesting from an Oil perspective.

Size of country on map = amount of oil it has

colour of country = consumption

http://www.energybulletin.net/37329.html

  Forum: By Share Code

Wargfang
Posted on: Dec 12 2007, 07:23 AM


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Bluefield.

Dont want to pick straws as Im not 'pleased' with them either.

When I was looking at the numbers, I was looking at CEO's and the executive.

** Mr Ross Dobinson Non-Executive Director --
** Mr Adam C Jolliffe Non-Executive Director --

are non-executives and as such I wasnt focusing on their sales.

However this is still and continuing to be a fairly extensive flogging of ROC stock by their own and my own mood is not bright on this.

If it wasnt for Angola Id be out.
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Wargfang
Posted on: Dec 11 2007, 03:39 PM


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"Approximately twenty-five (25) current Army SBIR Phase II projects will be selected during 2007 "

So within 15 days or so....or is this known to have slipped ?
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Wargfang
Posted on: Dec 11 2007, 11:00 AM


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In reply to: bluefield on Tuesday 11/12/07 09:13am

My concern raised was that for a company that seems to 'report less' a sell-a-thon as I described it by directors could only lead to one conclusion.

Not all the sales are directors.

They are small (5% in some cases to 30% in one case) parts of options/shares accumulated over a long period of time. Options/Shares are part of the renumeration package and do at some stage need realising. This was the jist of the conversation.

The reason for there being a plethora is the window of trade.

Releases of info from Angola requires Angolan govt. pre-read and it is a new relationship.

I still stressed I felt from a PR point of view the investor community could on evidence presented only 'guess' bad news.....I dont know if this message of mine got through or was considered an issue.

I was given a basic "business as usual" (ie nothing unusual) going on.

I choose to believe this.

Perhaps optomism (a trading sin), flattery (at being phoned up so quickly by the smooth talking investor guy) or confidence in a company I feel have done well and have good prospects......but these are my motiviations/reasons/mistakes......you lot have to make your own smile.gif
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Wargfang
Posted on: Dec 11 2007, 06:25 AM


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rocoil.com.au I contacted the investor relations guy on there.

As it was a phonecall and i didnt imply id be publisicing it, its a bit unfair for me to quote line for line....however in essence :

Angola going ahead as planned, new relationship being forged with govt. every ann. has to go via the govt.

Only a small window where directors can do share movements, so they are. They are long term holders.
  Forum: By Share Code

Wargfang
Posted on: Dec 10 2007, 11:13 PM


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Send them an eMail if you are concerned about all these share sales.

I did and their response was quick, personal and satisfied me.

Now it could have been bs....but if I believe that I sell my stock.
  Forum: By Share Code

Wargfang
Posted on: Dec 10 2007, 12:42 PM


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Wow circa 13 orders to sell 100k ea have been eaten without the current buy side (3 orders avg'ng 450k ea) being nibble at.

Seems like some serious consumption. Rest of the market is a bit meh today so.....good sign for PPP
  Forum: By Share Code

Wargfang
Posted on: Dec 10 2007, 07:34 AM


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We need to also realise that the credit crisis took alot of money out of the market and a lot of money left the 'less than blue chip' end of portfolios.

So some money will be returning to the more non-traditional stocks over Christmas. Indeed historically (based on my own observations alone) Christmas is a good time for the non-blue chip sector.

I dont know enough to do long term predictions....however, very numbnuts maths tells me PPP is slightly below its asset value as it stands and this factors in ZERO 'hope'.

Im looking forward to Maitland and would like to see after Maitland (or before) a 'plan' from the management for the future of PPP.

After all shares in a pile of money although attractive....may as well be in a bank.
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Wargfang
Posted on: Dec 7 2007, 01:04 PM


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In reply to: chimera on Friday 07/12/07 11:26am

I wouldnt be suprised to see one of the investor mags/sites put up a marker for +++ on PPP soon. next reporting cycle will show money...oil in ground and maitland all on the happy happy side.
  Forum: By Share Code

Wargfang
Posted on: Dec 6 2007, 02:40 PM


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We seem to get less and less as far as progress/communication is concerned.

Directors have performed a string of on market sales.

Its hard to imagine any of this implies good short >>> medium term news.

Holding ROC short/medium ters is becomming more a blind faith/self denial excersize.

I still want to see Angola play out....but im beginning to wonder
  Forum: By Share Code

Wargfang
Posted on: Dec 5 2007, 09:37 AM


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Wots going on pls ? been out all morning....big volume in wrong direction....??
  Forum: By Share Code

Wargfang
Posted on: Dec 4 2007, 07:37 AM


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I wouldnt hold any hope open for the appeal myself....its such a dark and entangled web that there would be some reluctance shining the spotlight in detail on any of these big military contracts. As much as we laugh and chortle at the corrupt nature of some 3rd world contries, im afraid at the big end of town its still winks, nudges, favours, old alleigences etc etc.

Every 5 mins some senator gets implicated in shenaghins to bring money to x.

EOS has not announced a clear path since the loss of Crows. They are still in recoil.

This latest ann. is good news, their hardware is good (indeed arguably the best) but I feel now they need new imputus or leadership to pick themselves up and sally forth.

Still I do hold hope that the bushmaster is getting some good ratings from other forces who work with the Aussies and this may bring in some extra orders....
  Forum: By Share Code

Wargfang
Posted on: Nov 21 2007, 08:18 AM


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QUOTE (Hector @ Wednesday 21/11/07 08:08am)

Labor said they were pro-uranium.

Labor could also say they are pro-no-problems-from-stupid-policies.

I have seen nothing to indicate Labor will do ANYTHING to help the NEW uranium industry.

As a fed. aust. govt. they will touch their toes for BHP, RIO, COAL Unions etc

I hope im wrong but federal labor will add at least 5 years to the timeline for this industry (in Australia).

Uranium (outside of the investor community) is a dirty word that few pollies are brave enough to argue for. Especially when a crack team of ex Weathermen, Pop Singers and Radio Jocks are lined up to oppose any actual facts.
  Forum: By Share Code

Wargfang
Posted on: Nov 21 2007, 08:11 AM


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In reply to: swadesh on Wednesday 21/11/07 07:47am

I think there is an understandable dissapointment with PPP

I got in at 11, 16, 22 and 30. I got more than I should at 30 and am sitting on a small loss at 20c and a small gain at 22c.

However, the positives of PPP shouldnt be forgotten....we are just in a period of consolidation. They have in a short period of time, gone from a company needing to cap raise to explore, to a producer looking at being cashed up and debt free,

So a frugal period of 6 months (frugal big news wise) may be something you have to wear as a PPP holder. I still need to get past 12 months on many of my holdings. I can b&b if necessary before the end of the year.

Maitland looks very promising.

Now what will they do with the cash. Can they get more value out of it by

a) Paying off debt (interest is still low and debt is still cheap)
b) Getting into some more JV's / Explorations
c) Building reserves to exploit Maitland / Tui extensions
d) A share buyback

The only benefit of d) Other thant to my spreadsheet, would be to stave of predators, who to be honest could buy this asset and discount almost right now. And offering 27-32c a share would mean they buy PPP for book value !!

Do the PPP board have a vision or is their vision simply to watch $'s accumulate and see what happens with Maitland.
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Wargfang
Posted on: Nov 21 2007, 08:02 AM


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I have concerns for my uranium based portfolio.

Rudd is already running around claiming Howard would build 21 nuke power stations (on the beaches of australia).

Now apart from the fact we have the biggest and least densly populate coastline on the planet, we have proportionatly the dirtiest power stations on the planet (well top 10) AND we have access to the worlds largest uranium supplies...putting all that aside.....

Labor will not get rid of UNION jobs.

The ONLY place the unions are still strong

1) Public Service
2) Coal Mining.
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Wargfang
Posted on: Nov 21 2007, 07:58 AM


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Interesting Ann. not so much in its confirmation of stacked HE but in the fact it was made.

Are MST finally looking to the investor community with concern ? Do they at last care ?

Pre and Post Smith I felt we were dealing with engineers who didnt really give a monkeys about SP.

This ann. implies the first bit of PR I can recall in a long time.

Interesting.
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Wargfang
Posted on: Nov 12 2007, 10:20 AM


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This is a big step for MST. MST system and munitions in the hands of the US military.

I wonder what the Navys timetable is for testing/deployment and how quickly there will be feedback.
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Wargfang
Posted on: Nov 10 2007, 10:02 AM


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4 day test at best this.

First I agree Test cricket is the only cricket the other derivations are fast food to bring non cricket lovers through the gate.

For Sri Lanka to make a fight of it they have to be on fire....and they werent.

Aussies could have got a 1000 runs by staying to the end of today.

All out by tea and following in is my money.
  Forum: Off Topic Chat

Wargfang
Posted on: Nov 9 2007, 12:52 PM


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In reply to: henrietta on Friday 09/11/07 10:48am

Will be a fascinating series ?

Isnt it just 2 tests and a bunch of pyjama cricket....not even sure if that qualifies as a series....barely requires a plural definiton.

As for the poms caving...hmm....2 tests turned 180 deg halh way through...and Warne/McGtath
  Forum: Off Topic Chat

Wargfang
Posted on: Nov 5 2007, 07:15 PM


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OMG Price of Oil is going crazy high quick I must sell my PPP shares.....

!!! what is it that makes folks see a red ASX indicator and sell their hands....me not know...!!!
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Wargfang
Posted on: Nov 2 2007, 02:26 PM


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I got on board today in the low 40's.

Friend tipped me to this, read the story, seems like there is a plan and a lot of potential, felt I missed the boat as the price soared yesterday, thankfully the bipolar american markets gave me entry today smile.gif
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Wargfang
Posted on: Nov 2 2007, 02:21 PM


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I watched future weapons on disney (fox australia) last night....

MK32 ? 6 round grenade launcher....

Big improvement on current tech., easy reload, some nice gadgets (can fire IR flare, parachute 'eye in the sky' camera and 6 rounds in 3 seconds.

Not a competitor as such for 3GL as 3GL is a clip on to a rifle, MK32 is a standalone niche unit.

What was much more impressive was the personal armour, a replacement for the kevlar style body armor 'Dragonskin Armour'....stopped every bullet they threw at it, and sustained 20 plus hits with no degredation in performance....and massive reduction of 'impact' through the armour....claims the soldier rarely even bruises !!

Also the composite was more like wearing a 'foam' vest than the solid plates in the current vests.

Now to find their shares details !!
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Wargfang
Posted on: Nov 2 2007, 08:34 AM


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No speeding ticket yesterday.

ASX eye on the ball !
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Wargfang
Posted on: Nov 1 2007, 11:31 PM


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Combination I think ;

Good results, fairly clear set of future steps, good chance for production within foreseable future, not cussed by a anti-u local govt

Speccie money returning to market post 'jerry springer' loans disaster

Cigar lake more chance of mining actual cigars in near future than uranium
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Wargfang
Posted on: Nov 1 2007, 01:07 PM


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Aeisto are you including the intial layout for the TUI site (almost 260 mil in itself) in those figures (and all the on costs of such a delivery, such as loans etc).

Im a big PPP holder have been since .11, .13 and .16c my main entry points.

When the 'borrowed' money left the market after the US 'Jerry Springer' loans scandal PPP got thumped, then a duster it got thumped again.

Despite POO being off the charts, production going well and an upgrade...Maitland looking as bankable as any prospect can....PPP is still barely covering its firesale value.

I suspect analysts who look at quartely reports havent seen whatever algorithm they use to jusdge good or bad yet. Im hoping next quarter when PPP shows strong earnings with efficient (nay possible the best ever) return on investment for a project of this size....some nobby in some office puts a line in one of their broker reports.
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Wargfang
Posted on: Nov 1 2007, 11:08 AM


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One of the most befuddling stocks I have ever been involved with.

Loses 50% in value over 5 months with no bad news.

Trades 20% swings in a couple of days on fairly significant volumes.

Up 16% today on volumes not seen for a year.

Is it really a stock or some sort of 'experiment' run by 'Day Traders Inc'
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Wargfang
Posted on: Nov 1 2007, 10:17 AM


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In reply to: aristo on Thursday 01/11/07 08:20am

I intended the 80-100mil figure is the profit(ish) so 260mil at current POO in the ground but much of that is eaten in prod. cost etc.
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Wargfang
Posted on: Nov 1 2007, 08:16 AM


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In reply to: aristo on Thursday 01/11/07 07:47am

PPP is at cost or indeed slightly below at the moment....market cap around 120 million...

TUI reserves circa 80-90 mill !!

They also have 30 mill in the bank !!

Nothing factored in for Maitland, which seems to have a very high chance of yielding money.

So....basically PPP is at asset value with no future loaded into price.

Anything Ive missed / overcooked.

Ive not taken into account the constant rise in Oil and collapse of the US Paso.
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Wargfang
Posted on: Oct 25 2007, 12:19 AM


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In reply to: willo134 on Wednesday 24/10/07 12:11pm

The directors need to shake of the shell shock and refresh EOS with a clear set of goals now...I have sympathy for them, they were one signature short of being a very wealthy and satisfied bunch of folks.

Time to roll out a new plan....show us their focus....re-engage the market....
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Wargfang
Posted on: Oct 23 2007, 09:58 AM


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If we are to conclude the ROC news is being supressed to benefit the sale of Angolan plots, then the $64 million question is.....

is it being held back until after the bells n whistles presentation or will the news of another onshore sale hit the airwaves a couple of days before one of the presentations !!
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Wargfang
Posted on: Oct 22 2007, 11:32 PM


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Just watched the vid.

Dunno what your on about PK to be honest.

Much slicker than anything done to date.

For basic shoot at target seems the package is ready for purchasor testing.

For the rpg defence well more work to be done, its an initial test.

Didnt seem inappropriatly chopped to me.

Must remember not to drive past the test range !! no need for the targetting of traffic !! Be my only comment !!
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Wargfang
Posted on: Oct 22 2007, 11:29 PM


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In reply to: balance on Monday 22/10/07 09:55pm

My understanding of the rules with the Ang. Govt. is there is some pretty big changes in their slice of the pie based on the estimated barrels. If a find is on the cusp there could be need for ratification.

We know there is some oil (be it thick) in the ground. The other holes being dug should at least have been reported though...or at least another update this week on 'why are we waiting'.

If bad news is being held back to ramp future lot sales then we'll be waiting a while !! I cant see this as being the only reason for delay.
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Wargfang
Posted on: Oct 22 2007, 03:09 PM


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Im not to panicked by this.

As the ann was made volume was 1.2 million

Volume is now 1.4 million

So 200,000 *well as I write 500,000

Means a very small amount of holding is selling.

I would imagine it is lemmings following the first muppet over the edge, they expected the ann to say 'woohoo lots of gas, with oil and uranium in it..were rich oh and ps no greenhouse gases were hurt in this dig' and are now terribly dissapointed.

If I had any money left...id buy more.

Of course perhaps I am the barnacle clinging to a sinking ship.
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Wargfang
Posted on: Oct 22 2007, 02:08 PM


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Maitland Ann. Out.

I read it as a positive...yay its exceded expectations and is a production candidadte....two more wells to establish bredth of the field will now be dug.

Flow rates to come.

Price is down...what did I miss....the sand influx thing is a 'meh'....so what was expected....that hasnt happened.

Me no understandi PPP is v. close to having increased reserves ? and price falls on Ann ?
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Wargfang
Posted on: Oct 18 2007, 03:52 PM


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Looks like most folks agree.....the 800,000 sell order has been eaten and good volume ahead of tomorrows expected ann.
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Wargfang
Posted on: Oct 18 2007, 03:49 PM


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I think your about rigth Fatdog.

I think

a) ROC are coservative to release
b) With Angola contracts up for grabs and the tastyness of them, being extra lovely now to the govt is a very good idea
c) I cant imagine there being a long delay in coming up for the 'there aint no oil' wording. Where as the govt. will be keen to be 'optomostic' on any find as this will increase the sale of future plots
c1) there could be a debate between a poor find as to what is commercial....
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Wargfang
Posted on: Oct 18 2007, 10:23 AM


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Thats a fat looking sell side. Seems to rather supress the price in a week that has record high oil prices and the expectation of Maitland drill/flow update (on Friday).

So is it there coz somebody can foresee Friday and wants out...or wants to hold the price down ?

I cant imagine any good reason to sell lots of PPP right now ?
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Wargfang
Posted on: Oct 15 2007, 09:38 AM


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In reply to: ShareNovis on Monday 15/10/07 09:00am

Id love to see a $1+ too dont get me wrong but

a) we dont dig gold
b) weve never been close to 81c

Methinks you have muddled us with PNA
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Wargfang
Posted on: Oct 8 2007, 03:07 PM


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In reply to: towie on Monday 08/10/07 02:35pm

Yeh but Towie their holding grew from 11.1% to 11.17% thats .07% so whats that an extra 400,000 shares ? at current value.

The before and after date are either side of options.

I love my PPP and am pretty dissapointed at the current price and have a healthly lump of em. I would be a very happy ppp'er if there had been a big buyer moving in....and I do follow the money....but this Ann. is simply an options takeup...all they did was MAINTAIN their proportion. Now it means 10% of PPP's options were paid and bought for and thats money for the grinder.....but it dont mean much more than that.

I hope Maitland is the success its shaping up to be...coz nobody but us few seem to notice PPP raking in the millions....

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Wargfang
Posted on: Oct 8 2007, 02:05 PM


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In reply to: NMR on Monday 08/10/07 01:43pm

If this is the case NMR, then Tat hasnt increased their holding at all, they have taken up options and pretty much retained the same stake.

Other comments implied Tat was increasing their play in PPP and thats what beffudled me a tad.
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Wargfang
Posted on: Oct 8 2007, 08:50 AM


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Market Cap 130 mill at 22c a share...so what 600 mill shares on the registry.

Tat increased from 50 mill to 66 mill

However their voting power went from 11.1 to 11.17 !! (according to the ann 2/10)

Why didnt their voting power go from like 8 to 11.7 ??

Mistake in Ann.

Monday morning Wargfang maths brainfart ?

Wotzit all about ?

As a by the by, this time last year Tat held about 34mil shares.So they loves their PPP
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Wargfang
Posted on: Oct 5 2007, 08:54 AM


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As an intended long term holder Im not overly fussed by the tendancy of ROC to only report on 'news' and less so on ambiguos incremental change.

I do like the style of their 'content; when they do report although I think they err to much on the side of caution on how often.

I think during such a key (company making cliche alert) exploration programme, they should take a leaf out of their aspiring peers and produce a weekly status report (I believe thursday is the traditional day).

Now in doing a weekly report, we would have to get used to it being more boring as it is just that a status report and not a advertising flyer. A weekly status report outside of periods of activity is damaging to casual onlookers as it appears little is happening... a weekly report during key cycles, such as Angola, is however an excellent tool of placating and informing their current and anxious holders as well as an opportunity for passers by to say...hey...these guys have some nice looking activities going on...I shall park my money here.

Statements as to the impact of radical changes in the industry such as the huge upswing in the PoO over the last few months and its projected impact on ROC, reference too and indeed publishig of Analyst Reports on the company really should be par for the course.

Too some extent these communication 'failings' if seen as such could be attributed to the fact that as ROC is a new kid in the big boy league (or mid boy league) they suffer what many new adolescent companies suffer...that is they are full of pragmatic, technical, engineering based 'do-ers' and short of the PR / marketing / spin / bullsh*t department folks.

I look forward to the day when ROC is big enough to tax itself with a PR / 'marketing' mindset as on this day I also expect to be recieving my dividend based on the bajillion barrels of oil a day being pumped from Angolan/Chinese and other waters.
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Wargfang
Posted on: Oct 4 2007, 08:12 AM


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Is Maitland being a success (as in commercially viable) already in the PPP price ?

Im suprised (read dissapointed) that there seems to be no value in PPP on the 'hope' of success. Various valuations on TUI basically put the PPP price at close to assett (albeit in the ground) value now....indeed that was pre lates PoO surge.

Now TAP have ann'd twice re their sidetracking both times stating that their expectations of gas flow are 'good' based on drill observations. They have had a tech. woopsie on last progress but overtly state this is a tech. issue and not a threat beyond 2-3 days of remedial action (the PPP ann. is less overt).

With Maitland being so close to infrastructure, the cost of development would be efficient (as is TUI) which would again give PPP exposure to another rapid ROI source of income....yet the market has never recovered PPP from its pre 'Jerry Springer Audience Sub Prime' loan valuation...despite it not being exposed to financial risk.

Just seems the 'love' has been lost for PPP recently.

Maybe some of those INP profits may find their way here !
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Wargfang
Posted on: Sep 13 2007, 04:47 PM


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And indeed we did....tiz a strange old world. I hold 3 oil stocks all been hit over the last month.....all down today on a record high price....all with good current production......

I know nothing
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Wargfang
Posted on: Sep 13 2007, 12:57 PM


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It will be a long while before GI Joe is zapping folks with his laser.....

Right now there are no lasers zapping ballistics out of the sky....when there are, I would imagine there will several options to bypass this defence. Refraftive/Reflective/Non Absorbant skins or as the ruskies threatend with star wars......if you can shoot down 95% of my nukes ill just send a 100times more (of wich only 2% will be armed)
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Wargfang
Posted on: Sep 4 2007, 01:38 AM


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The cynic in me says that

"One of the very significant things in this potential is the arranging for greater access for the Australian military, in its purchase of military hardware, to classified and secret technical information about weapon systems and operations," he said.

We will be buying phasing out US surples for the next 10 years, probably including some second rate CROWS systems the bought off some NATO pal govt. to appease jitters in the current regime.
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Wargfang
Posted on: Sep 3 2007, 05:22 PM


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.19c is a very lean valuation. It basically the value of the reserve / number of shares not including recent upgrade (I think). So nothing for any other potential in held licenses.

Also it takes nothing into account as to the flow rate, TUI pours out the ground at such a rate they will realise a good whack of their cash real quick....thus having money to play with sooner rather than later.

Its the value of PPP if you turn their monolopy card over and want to 'hock it'
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Wargfang
Posted on: Sep 3 2007, 01:04 PM


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Not enough volume or sellors for a leak...so Im less worried....

Basically 2 sales of 100k shares and 10k shares ate ub a thin buyside. Since then twice that volume has been bought......

Perhaps pre-ann profit takin/bailing to protect from bad news...
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Wargfang
Posted on: Sep 3 2007, 11:11 AM


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In reply to: andy20020 on Monday 03/09/07 10:17am

Not good wormsign....down .015 on an poss. drill ann. day.

I hates that for 3 reasons, prob means bad news, prob means someone knows about it in advance and most importantly that someone isnt me !
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Wargfang
Posted on: Aug 31 2007, 01:27 PM


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Sue, re-read my post...i shook my head in sympathy not suprise.....I lamented the fact justice via rio/gov was a one way street.

I sold out of CAZ a long long time ago.

They got robbed.

In 10-15 years time this will be on Lateline as all the grime comes out and various overseas business men and amnesia struck pollies scurry for cover.
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Wargfang
Posted on: Aug 30 2007, 09:49 AM


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Again, I tip my hat to ROC and their communication skill.

A very detailed and cautious ann. of what could be a significant find. A large shallow oil show, be it apparently heavy oil requiring specialised refining.

Rather than whooping and hollering, their ann. explains in detail the process they will go through to fully understand the consequence of the discovery and the cautions the non-oil-head to wait for more detailed analysis and confirmation.

Yay.

Our lovely ASX is osciliating between calamity and epipheny depending on the US's daily mood to the Jerry Springer Audience Home Loans farce...and we got good good news on an UP mood day.....yay.

2.78....why didnt I buy more on the close ! (mind you ive 'picked that many bottoms' in the current market I dont have much cash reserves left !)
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Wargfang
Posted on: Aug 28 2007, 12:35 PM


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Yeh my bad I misread one of the numbers in the ann. !

Just odd to see it go up so aggresively on NSX then have so many sellors lining up on ASX.

No rush.....no panic....PPP is my fave stock of the year....I expect to be holding it this time next year and be worried about how to handle my new tax problem !
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Wargfang
Posted on: Aug 28 2007, 12:25 PM


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I shake my head sympathetically to any CAZ holders on SS.....im afraid when its justice v the govt. and big business though....well your goosed.
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Wargfang
Posted on: Aug 28 2007, 12:17 PM


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Lots of sellors at .25c weak buy side ?

And up on NSX ?

Tis an odd old lady the ASX....or is their leaky info coming out from drill which prob hit TD around now ?
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Wargfang
Posted on: Aug 28 2007, 10:37 AM


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Sprobably spot on with "The way that the price has run up in the last week I suspect that this is not the best kept secret and those in the know have already bought in at lower prices - taking profits now."

Man I need to be more cycnical by default.
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Wargfang
Posted on: Aug 28 2007, 09:46 AM


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I read it as good news...markets seems to be piling on sell orders ? Whats that all about then ?
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Wargfang
Posted on: Aug 24 2007, 11:15 AM


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I always get concerned when I hold a stock and seem to appreciate it more than the market does as on the whole the market is definatively right.

However big money is made seeing things early.

We who have discovered PPP see what value we see.

I expect PPP to just accumulate a current account for a wee while. If one of their other drills strike it will be very nice to fund development without further dilution or excessive debt. So its all cool that we sit here for a couple of months.

At some stage some analyst nobby at St George, Comsec or some other 'mainstream' assessor will see a little box on his spreadsheet go green....and he'll go oooooooo and then cut and paste a company profile, roll some chicken bones and add mumbleteen %

Then Joe Blow will dive in, the price will move blah blah.

This I hope is what it will take.
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Wargfang
Posted on: Aug 24 2007, 11:07 AM


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In reply to: clark888 on Friday 24/08/07 10:04am

As devestating as this is, I understood EOS had money in the bank, have won 2-3 smallish (25mill) contracts with other countries (all beating the Norweigan offernig btw). They just had a 8mill spare parts contract.

The CROWS loss is huge ans hurts them terribly however its not fatal.

They also have their optics/telescope/space business which some big big backers have money in.

Expect EOS to tank to .50c on market melodrama and to crawl back to 70-80c once the value is redefined.

As has been pointed out, if EOS had the CROWS win factored into its price, it would have been nearer $4 (its a billion dollay contract for goodness sakes). So since the profit downgrades previous fiscal, I think youll find EOS has had very little 'hope' in its SP.
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Wargfang
Posted on: Aug 23 2007, 08:41 PM


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QUOTE (dnatron @ Thursday 23/08/07 08:15pm)

Didnt we recently buy Spanish Navy boats over US ones and transversly the Norweigens buy some US Navy boats ? Maybe im muddling up different stories.

Stock will crash hard on the news despite any math value of the company or lack of pre-contract rise im afraid.

I think EOS got a raw deal indeed out of this but its the nature of Govt. contracts....I just hope the actual tools the soldiers get are good enough to do what they need to do....and in general Aus. defence got a kick up the bum today.

Time to send a message back and aggresively market to Asia/India IMHO.

Forget the Nato boyz they will always be swapping pats n handshakes about.
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Wargfang
Posted on: Aug 23 2007, 06:59 PM


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Ouch.

Cant see any silver lining here at all....company maker contract...gone elsewhere....

Cant see any hope of hiting this price again.

As for space will be bigger than military by the end of the year...its prob. true....but for all the wrong reasons....indeed perhaps in hindsight a cryptic clue !
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Wargfang
Posted on: Aug 16 2007, 05:43 PM


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Im very PPP heavy, every time I look at it I buy more. Small cap. income., drilling programme, good operator. The last 10 days have involved some tax shenanghins but I still have the same money in her.

I picked some up at .11, .16. 19. .25. 33 over the last 12 months.

Cant believe that at 2pm today only 2 of them were up.

Ah well.....be boring if it moved predictably weirdsmiley.gif

So I hope your right Sharp.
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Wargfang
Posted on: Aug 16 2007, 05:07 PM


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Im looking forward to a Ann. regarding a contract from the US federal reserve saying they are buying MST hardware to drill the financial loan muppets who lent the Jerry Springer audience all my superannuation !

Its a good ann. and (on the basis the test works ohmy.gif ) a real step in the productionisation of 40mm MST tech.
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Wargfang
Posted on: Aug 16 2007, 05:04 PM


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Never thought the sight of the NZ prime minsiter would make me so happy !
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Wargfang
Posted on: Aug 16 2007, 12:04 PM


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Yes thanks for that Apache......its a horrible old week.

I definately underestimated the impact of money being pulled off the table on many of my stocks.

There is a perversion that the amount of money wiped off the ASX and other world indexes far outweighs the defaulted loans in the US.

Anyway....time will tell....

Now to see if I can pick the bottom (already tried once) and make some on the rebound...although im prob. to shellshocked to make good analytical decisions and thus shouldnt.
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Wargfang
Posted on: Aug 16 2007, 11:59 AM


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Sub 10c gong.

I thought it would never happen.

I blame the Jerry Springer Home Loan Scheme
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Wargfang
Posted on: Aug 16 2007, 08:57 AM


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Posts: 1,916

Whole market was oversold yesterday. ASX behaved like an old fish wife, panicking across all sectors. I have stocks with no or minimal debt, good income, great recent news lose 35% of their value (ROC only 20% !).

On the fundamentals, ROC largest Australian oiler in chinese waters, has minimal exposure to any of the real problems.

On the tide however, money is being called in all over the place, so folks who borrow to buy shares or those who follow the lemmings over edge are selling left right and centre.

It is hard to swallow, that lending the Jerry Springer audience money to buy houses (thankyou Mr Greenspan) and then allowing banks to offload the risk in mult-billion dollar bundles to pension funds can hurt an oiler in Australia but there ya go....the wonders of the global econom !
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Wargfang
Posted on: Aug 13 2007, 10:37 AM


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From the EOS SS topic and some jolly good digging goes over there.

This is from a US congresswomans site and refers to an award of a million dollars to get a new fancy pants CROWS system up and running.

It could well be Redback.

http://72.14.253.104/search?q=cache:D7E_nl...lnk&cd=19&gl=au
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Wargfang
Posted on: Aug 10 2007, 08:28 AM


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With the "lend money to the Jerry Springer audience" driven meltdown of the US economy in full swing on world markets last night....today should be an interesting test for yesterdays re-assurgance in ROC.
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Wargfang
Posted on: Aug 9 2007, 02:06 PM


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Very aggressive buying at the moment...methinks something is leaking.
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Wargfang
Posted on: Aug 9 2007, 01:28 PM


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Up 8% on 1 days trade.....at the moment.....

Good news leaking or just the reverb from recent over selling ?
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Wargfang
Posted on: Aug 9 2007, 01:18 PM


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Posts: 1,916

Ive been very lucky with EOS....I bought in at last years downgrade troughs 1.55 and .90 (stupid price) so Im pretty safe risk wise.

However, d-day cometh.

For a stock that has bugger all activity.

Today is a very busy day.

There is basically no sell stack left.

If they land Crowes this stock goes off....2 bagger from here almost a given,.....after that could go really strong.

If it doesnt...well Ill be getting out as fast as I can.
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Wargfang
Posted on: Aug 9 2007, 10:07 AM


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Looking healthy here to albion on OK volume so far too.

The buy side is fat, the sell side is weak.

I do think the recent drop in POO, Hector failure at primary target and the market in general getting a spanking led to an unwarranted exodus.
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Wargfang
Posted on: Aug 8 2007, 01:03 PM


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Pfff its only 300 meters down....DIG MAN DIG
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Wargfang
Posted on: Aug 8 2007, 11:32 AM


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I added more this morning at .24

Heavily oversold this week IMO.

Again i suspect recent option buyers having sub 30 stop losses fire drove us down too far.
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Wargfang
Posted on: Aug 8 2007, 10:33 AM


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Coming back storngly on the news too.

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Wargfang
Posted on: Aug 8 2007, 10:31 AM


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I added more Roc this moring, been oversold imo at the beginning of an exiting exploration programme.
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Wargfang
Posted on: Aug 8 2007, 10:29 AM


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Gone a bit silent this fourm recently....isit just depression at the continual slide ?

Seems to be losing the love !
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Wargfang
Posted on: Aug 7 2007, 10:16 AM


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Albion I agree, I think alot of folks held PPP from options etc as in 18-22c range and are basically bailing on profit after a turbulent 10 days for the SP. The price now is a discount but im sure you have been in many a spud n dud SP cycle.
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Wargfang
Posted on: Aug 7 2007, 10:10 AM


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Oil fell record amount in US yesterday
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Wargfang
Posted on: Aug 7 2007, 09:58 AM


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Made more interesting in that Hector seems to be a duster.
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Wargfang
Posted on: Aug 7 2007, 09:53 AM


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I read it as found some oil, sidetracking to assist in evaluation, the oil was not at target, it was very shallow depth, tis a 20 meter zone of interest.

ROC really are such masters of cool and simple statements. I know other oilers who would have announced upon this sort of news that they have found oil and early indications show it could well contain uranium and cure the common cold.

These two bits of the ann. make me raise an eyebrow :

The 20 metre interval of most interest exhibits good to excellent potential reservoir quality with 18 metres (90%) net sand with an average porosity of about 27%."

and

Because we are at the beginning of a big drilling campaign, it is essential that we try to nail the exact nature of the shallow oil zone at Massambala-1 as soon as possible because if it proves to be producible, the upside potential is well worth chasing.

Its the first hole in Angola and there are shows.....this alone is good eh !
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Wargfang
Posted on: Aug 7 2007, 08:40 AM


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Interesting today, US market went up a bajillion % and oil collapsed a bajillion %
  Forum: By Share Code

Wargfang
Posted on: Aug 6 2007, 10:22 AM


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Well .27c !

A week ago I couldnt imagine us being here.....

I have a couple of orders in on the off chance another dump occurs.
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Poll: Uranium
Wargfang
Posted on: Aug 6 2007, 09:55 AM


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Posts: 1,916

20% drop over the last 10 days in many uStocks.....with many 'market corrections' the area most leveraged taking a humpin !
  Forum: Macro Factors

Wargfang
Posted on: Jul 31 2007, 11:47 AM


Group: Member
Posts: 1,916

I lost money on WTE.

I made a post when Mr Crow upser me with the dousing of my WTE enthusiasm.

I like the dirt WTE own, I like the potential it has.

However in 18 months they managed to slip 12 months, reduce the SP by 75% (its still more than 50% down now) and loose my confidence.

I will revisit WTE again....but....to ignore those who have experienced WTE management is a bit blinkered. Dont ignore them, take their input / experience and add it to your research. If you buy or sell on the words in a forum alone....well....well....I have a nice house on the edge of the 'green zone' in mogadishu you might be interested in purchasing.
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Wargfang
Posted on: Jul 31 2007, 11:37 AM


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In reply to: Wargfang on Tuesday 31/07/07 09:42am

If Hector were to hit....I know its dreamtime....PPP would be worth what ? lets say 60 million barrels, 14% so a 250% upside to current inventory smile.gif

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Wargfang
Posted on: Jul 31 2007, 09:42 AM


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Great news and after holding up wonderfully well over the past 3 days, this should see PPP go from strength to strength.
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Wargfang
Posted on: Jul 26 2007, 07:47 PM


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Now I know SS is pretty well moderated and is somewhat against insider trading, however, I think I shall risk their wrath.

Stand ready for this.

Those extra million odd converted notes....and who bought them.

It wasnt me !....it was someone else....

Read into that all you choose.
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Wargfang
Posted on: Jul 26 2007, 04:17 PM


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Posts: 1,916

"SP $1.42, market cap $80mil what am I missing???"

A larger holding ? seems to be all your missing smile.gif

Dont think we'll need to wait 6 months, more like 6 weeks....August = death or glory for EOS re the CROWS award methinks.

Mind you, I should add, just how many ASX players do this maths :

"Hmmm how can I make a good ROI over the next 12 months.....I know Ill put money into the Australian Defence Sector"
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Wargfang
Posted on: Jul 26 2007, 02:44 PM


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First time in a while the buy side has looked wobbly. Lets hope for news of oil pour soon.
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Wargfang
Posted on: Jul 26 2007, 02:20 PM


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Posts: 1,916

Bit of a fall back after the ann. seems to be a plaything for traders....must join in and make some !

Either my broker is broke or its gone into a halt again.
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Wargfang
Posted on: Jul 24 2007, 10:28 PM


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He he good to see all the old SS MST hands sniffing arounf the honey pot. Now....odds on MST actually ann'ing this before Friday arvo
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Wargfang
Posted on: Jul 24 2007, 10:25 PM


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In reply to: logicy on Tuesday 24/07/07 05:11pm

Other than parochial manufacturing concerns (and EOS eliviate much of this) my biggest issue was that of production capability 30-100 is no probs so thats alll very good.
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Wargfang
Posted on: Jul 24 2007, 10:20 PM


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Posts: 1,916

Its a good question, they will have a nice fat juicy revenue stream.

5k BoPD even at a measily $10 clear net profit per barrel is 1/3 million per week.

So.....would we expect to see them farm in elsewhere in the area ?

Period of consolidation first perhaps during Hector/Taranui exploration, build a reserve so if they hit they can fund their portion.

I dont think they carry a big debt I was under the impression they had cash at bank.
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Wargfang
Posted on: Jul 24 2007, 11:09 AM


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TUI Development over, rig on way to Hector.

PPP has 10% --> 14.blah% of Hector (awarded when it and adjacent block were merged a couple of years ago...so this is exciting as we enter another exploration phase.

Of equal/more signifcance is that the Ann. still lists July for first oil from TUI as such, PPP becomes a producer within the next 7 days.

Unsure how much of this is in the current price, suffice to say.....interesting times.

What will PPP do with their income for example ?
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Wargfang
Posted on: Jul 24 2007, 09:39 AM


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Posts: 1,916

As we suspected its the drilling results from Tanz. Early days but basically for the first exploration in this area there is good finds of sub-teranian Uranium, including some very high/rich finds.

With money in the bank they are going into further exploration during early August

All looks good to my uneducated eye.

Headlines are :

Multiple thick subsurface uranium
mineralised zones discovered
• Initial assay results show peak
intersections of
o 7 metres at 1,233 ppm U3O8
(including 3 metres at 2,607 ppm U3O8)
o 7 metres at 549 ppm U3O8
(including 4 metres at 843 ppm U3O8)
o 6 metres at 507 ppm U3O8
(including 2 metres at 1,145 ppm U3O8)
o 7 metres at 400 ppm U3O8
(including 3 metres at 770 ppm U3O8)
o 4 metres at 515 ppm U3O8
(including 2 metres at 855 ppm U3O8)
• Drilling to recommence early August
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Wargfang
Posted on: Jul 20 2007, 12:41 PM


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Posts: 1,916

We a 6 day big recovery of price, on decent volume, followed by a halt is rarely the herald for bad news.

My main guess would be the Southern block data analysis is in, based on this in the 26th of June report

"In parallel with the Ag-Pb-Zn program, Western Metals has commenced detailed structural and geological interpretation of all available North Block data to define copper-gold and uranium targets.

Data from the South Block, EL 14722, will be delivered to Western Metals in the coming weeks at which time a similar analysis to the North Block will be undertaken.
Western Metals’ Managing Director George Bauk said, “these outstanding results from West
Georgetown demonstrate our commitment to deliver on our promises to aggressively explore on"
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Wargfang
Posted on: Jul 19 2007, 12:41 AM


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Posts: 1,916

The interesting/important bit is "In August, Army officials intend to choose one firm "
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Wargfang
Posted on: Jul 18 2007, 08:01 PM


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Posts: 1,916

Great link Adder, one way or the other, this will seriously impact my EOS holding !

1500 would be a years production for current EOS prod. line....thats correct yeh ?
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Wargfang
Posted on: Jul 17 2007, 08:26 PM


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Posts: 1,916

Still referring to July for Oil pour, last piece of the line now setup.

On the verge of production and next explore. I cant see me selling this in the next 4 weeks.
  Forum: By Share Code

Wargfang
Posted on: Jul 15 2007, 01:27 AM


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Posts: 1,916

Some good discussion going on there. Thanks for your time to input it.

Seems as if the concensus is at 40c (ish) she's about right for now and then we get on the rollercoaster of the drill programme.

Oil price is hard to pick, so many variables in play, Nigeria looking hairy again, middle east all over the place and were only a few months away from the European heating demands.

Interesting times.

Now.....off to see who my next PPP will be (not that im leaving this one)
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Wargfang
Posted on: Jul 15 2007, 01:22 AM


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Posts: 1,916

Ive picked up a few more over the last 3 days of the week....hard to buy as there is such thing legs on both sides of the buy/sell and it only takes a smallish amount of money to increase cost of purchase by 10% !

However, with existing holding and recent top ups im in a good place with EOS.

I do think their two recent contracts indicate that EOS are still a strong competitor.

Production constraints are the big worry I guess.....

Be nice to see a sign of a ramp up in capability
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Wargfang
Posted on: Jul 14 2007, 01:27 AM


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Posts: 1,916

I think PPP has missed alot of radars, even today with such a run this week the volume was relatively low. Whenever TUI is in the news its AWE/NZO getting the headlines.

With the recent report it could be one of the all time quickest ROI a few more came in this week....so I reckon a couple or five more cents on producion and similar on Hector spud should have us around the .45 mark....id be tempted to say higher, but I suspect alot of folks who took the options may have loans to service and some unloading would be seen as prudent. Still its a great stock.
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Wargfang
Posted on: Jul 12 2007, 03:08 PM


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Posts: 1,916

I took the plunge and doubled my positon on open this moring concluding that .145c is silly. Gave my broker the price and left wondering if she looks as nice as she sounds.

Before my order had gone through I had to start a 5 hour presenation at 9.30am.

Came bact to my desk wondering if my order was filled and nearly fell over.....

What is kicking off....is this all just the recent broker coverage from MBL and IT ?

No...I dont think so....I think it must be me.....obviously the institutions are watching...hmm thats open for a gag.

  Forum: By Share Code

Wargfang
Posted on: Jul 11 2007, 08:12 AM


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Posts: 1,916

Yes its so 'not trendy' this stock. However, I do think the US contract is the single ko punch.

I beleive they are well placed for a good piece of the pie and will position myself accordingly. I am living in the annoying world of waiting on a cheque clearence. How we can still live with such a papyrus driven money system I just dont know. The money has been sitting in my account since Tuesday....but isnt actually available.....damn their eyes.

C'mon 2007 ELECTRONIC TRANSFER.
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Wargfang
Posted on: Jul 10 2007, 09:31 PM


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Posts: 1,916

Iran are a power in the region benefitting from the instability and becomming a bigger man in the middle east, their posturing and shenanaghins are a threat but not THE threat. It is important to recognise the Iranians are a very different people to the other Arab races. They are Persian and have a very different personality as a politcal force.

The US and others may well use them as the bogey man to scare thier voters but this is simple misdirection.

The real threat is the destabilisation of Pakistan, Egypt, Lebanon and Syria. Disperate nations struggling to place a foot into the global enconomy.

Bin Laden and his friends are playing the long game. The more we tread on arab soil the more they grow not just there but everywhere. Wish not for new theatres of war.

On a cheerier note the number of wars in the world is at (modern time low) and for the first time in a while there were more deaths from vehicle accidents than confilct.

Win the peace, for only the dead know the truth of war.

PS GET A CONTRACT !
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Wargfang
Posted on: Jul 10 2007, 09:24 PM


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Posts: 1,916

At .35c or close enough PPP has reached my 'hoped for target'.

This was my expectation should oil pour in June.

What %age of the price contains Hector hope or an upgrade hope ?

Personally I would expect a pre spud surge on the hector drill ?

Any other thunking out there ?
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Wargfang
Posted on: Jul 10 2007, 08:18 AM


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Posts: 1,916

Thanks for taking the time to reply folks, I am somewhat comforted that I havent missed some cataclysmic nuance associated to WMT.

The volumes are so high I do wonder if its being toyed with.
  Forum: By Share Code

Wargfang
Posted on: Jul 9 2007, 12:59 PM


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Posts: 1,916

Currently my worst play of the Cal. Year this one.

Got in in high 30's, nothing bad been announced since and its nose dived. Always has significant volume and im not sure if Ive been caught in a traders toy.

Is there a 'reason' for the collapse in price ?

I usually sell on such a fall but for various reasons broke my own rules here, mostly as I couldnt understand the fall.

Anyone care to share their thoughts on its plight
  Forum: By Share Code

Wargfang
Posted on: Jul 9 2007, 09:23 AM


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Posts: 1,916

It is good news, lets hope the market begins to re-evaluate EOS after last years sever downgrade....lets hope they take a few days to do that as I have a windfall coming my way by about Thursday !
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Wargfang
Posted on: Jul 5 2007, 11:15 AM


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Posts: 1,916

Yeh that was me.

Im most impressed, there quite simply isnt anybody selling into the stack.

My target for first oil production was .35c, that could be conservative.

PPP is in the "You beauty" component of my portfolio.
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Wargfang
Posted on: Jun 29 2007, 03:48 PM


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Posts: 1,916

I think they were unlucky enough to have a 'meh' ann that smells of shenanaghins on end of year tax day WHEN it appears it was one of those days where they clear all the old orders. We were only about $65 wort of sell to market from 20c
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Wargfang
Posted on: Jun 29 2007, 11:21 AM


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Posts: 1,916

Hmmmmmmm cap raising, take-over, strategic lump sold to ?? blah ??

If it was findings I doubt we'd have a stop of this nature. Sounds more like a company share/ownership type thing.
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Wargfang
Posted on: Jun 27 2007, 09:29 AM


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Posts: 1,916

This is a good news bad news relase in my opinion.

Firstly it is a pragmatic business decision by BSM (who INL own a lump of) to capitalise at high resource prices on ore bodies already in play. It would be remiss of BSM not too.

For Intec it is a message to market their capacity cannot meet the demand of their best firend. This is a 'were not ready message'.

I am holding as I didnt expect INL to be where I want it to be in the next 6 months anyway. I will keep an eye on things as I see the market as an old fish wife. It over-reacts to everything before settling down to the mundane valuation of something.

I wouldnt be suprised to see the SP take a pounding. In another 2 weeks, I shall look at wether I consider the SP to be a bargain for increasing holding in what I still see as a good concept.

(oh and director share selling......well at least now we know the management are the same as the rest of the buggers, good news being, consider chasing significant buys)
  Forum: By Share Code

Wargfang
Posted on: Jun 25 2007, 09:14 AM


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Posts: 1,916

The reason the market didnt move is because it is weary of MST.

So much bluster so little return.

Now, the test firings are a milestone, im close enough to the story to 'feel the joy' of the news, Im close enough to MST and its poor relations with the ASX to know (and indeed) I predicted the lack of 'whoopdi do' in the market.

I mean for a WEAPONS TEST check EOS. I dont even think they had a single trade, now if this was a key for Redback then it would have moved.

This was important for MST coz it means we survive, we hit targets (pun intended) and completed another step.

WHEN we have our first order and the MST tech. is in the arsenal of a military force, THEN and only then will there be a serious move. All other R&D awards, phase XXCVIIIVIIMX testing will result in little surges and the traceback.

If your new to MST then feel free to breathe fresh wrath upon my musings, if your not, youve seen it before. It is not yet the dawn.......however we can wait in the dark a little longer thanks to the recent tests.
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Wargfang
Posted on: Jun 22 2007, 02:09 PM


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Posts: 1,916

These tests and their current account balance were mandated by the financial liferaft MST climbed aboard last year. That has given MST the chance to survive the prototype/demo/production model phases for 3GL and RedBack.

Nothing in the ann. implies a pening order.

Its a great ann. Without it we would be dead in the water.

However, put your waiting-game face back on.
  Forum: By Share Code

Wargfang
Posted on: Jun 21 2007, 12:59 PM


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Posts: 1,916

Redback and 3Gl are brilliant looking products that are so demonstratively good and force enhancers that I have great faith they will make it into western arsenals.....to be honest the biggest threat is money burn....can we survive long enough to not end up fire selling the IP
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