Registered Members Login:
   
Forgotten Your Details? Click Here To Recover +
Welcome To The ShareCafe Community - Talk Shares And Take Stock With Smart Investors - New Here? Click To Register >


Blue_Sky_Harvest
Posted on: Jul 5 2007, 10:54 PM


Group: Member
Posts: 189

In reply to: gunditrader on Tuesday 03/07/07 06:06pm

No words needed.....
Attached image(s)
Attached Image

 
  Forum: By Share Code

Blue_Sky_Harvest
Posted on: Jun 15 2007, 06:52 PM


Group: Member
Posts: 189

In reply to: Blue_Sky_Harvest on Thursday 14/06/07 10:27pm

Taken directly from Chart Chat at http://www.chartchat.com.au/free-daily-chart/
Posted on Thursday, June 14, 2007 at 01:00AM by Rob

QUOTE
ORD is trading within a descending channel (green lines) and has come up against its ascending trend line (blue) alerting Chart Chat that a strong directional move is imminent.

With multiple MA compression and a bullish MACD/ Stochastics relationship the most likely direction will be to the upside on a break of $0.52. ORD can move very quickly (highlighted in bold) so a target zone around $1.15 is not out of the question.



Attached image(s)
Attached Image

 
  Forum: By Share Code

Blue_Sky_Harvest
Posted on: Jun 14 2007, 10:27 PM


Group: Member
Posts: 189

In reply to: Marsupial on Thursday 14/06/07 06:53pm

See the photos
Buy the share
Seeing is believing

Peter Tembe And Greg Pooley firmly believe, as firmly as any one can, that they may well have found a major new copper province in Australia. They have anecdotes of their eureka find to challenge if not eclipse 'Wayne's world' when this story becomes a highlight in the press - and these great yarns will surely get good press in time.

Oh why oh why did they not put these photos out and about prior to the 50c SPP that stuggled so?

  Forum: By Share Code

Blue_Sky_Harvest
Posted on: Dec 10 2005, 10:32 AM


Group: Member
Posts: 189

I'm no chartist but wonder if PNA is currently displaying an ABC pattern with a target of 24c to be expected soon.
Attached image(s)
Attached Image

 
  Forum: By Share Code

Blue_Sky_Harvest
Posted on: Dec 6 2005, 11:01 PM


Group: Member
Posts: 189

QUOTE (itm54 @ Tuesday 06/12/05 05:40pm)

Itm54 - you said "The recent good grades haven't caused the sp to rocket, so it must be something significant."

Got me wondering what of significance ...??

How about the third dome is really such a great inspired claim that Cameco (or a similar major) are organising for a stake in it. Just sleepy musings. Probably no particular undisclosed item of significance but just due to the $10M plus they now have from options exercise allowing things to progress more for Sickle, Fish and U float. I will feel a lot happier when I see those 55,000 CRE I converted from CREO in my trading account. It is a big chunk of cash for a small investor like myself.
Attached image(s)
Attached Image

 
  Forum: By Share Code

Blue_Sky_Harvest
Posted on: Dec 6 2005, 08:05 AM


Group: Member
Posts: 189

In reply to: tradem on Monday 05/12/05 11:41pm

Great post tradem. In the last hour yesterday CRE had a bit of a surge in volume and price. Looks like it will open strongly today. I get the impression the CRE management are well pleased. Perhaps good uptake of options leading to surplus capacity to move forward with mine plans for sickle and U spin off.

Sickle has 1.4Moz and Fish prospect shows promise. Sickle study shows $22M net cash.

I like CRE's U story about having the untested "third dome" in the NT - comparable to sandstone unconformity deposits such as Jabiluka, Ranger, Mary Kathleen etc. Record date for U float entitlement may also trigger a further rise. The U phenomenon will return even stronger now it is a faded memory and perhaps sooner than you expect. NT is a good place to be for U mines that have a chance to progress.
Attached image(s)
Attached Image

 
  Forum: By Share Code

Blue_Sky_Harvest
Posted on: Nov 26 2005, 10:46 PM


Group: Member
Posts: 189

Go the mighty OX!
Go the mighty OX!
Go the mighty OX!
Go the mighty OX!

What more can be said?

On hot copper I once read of a poster who bought 1,000,000 OXR at 1 cent - cost him $10K and he still had them for the $1 party in Brisbane.... what conviction .... what a journey....

"Now if you feel that you cant go on
Because all your hope is gone
And your life is filled with confusion
And happiness is just an illusion
And your world around is tumblin down
Darling, reach out
Reach out, for me.
Ill be there to love and confort you...(tell me baby)
Ill be there with the love Ill see you through"

Me myself, I recently moved my humble OXR holding into PNA - fun....???????

Good luck to to OXR holders - what a credit to the Australian flag is the mightly OX!!!

Another party bites the dust....


Attached image(s)
Attached Image

 
  Forum: By Share Code

Blue_Sky_Harvest
Posted on: Nov 23 2005, 10:32 PM


Group: Member
Posts: 189

Just in awe about how huge ARU is on HC. Here a single ARU thread from that site that runs to 45 pages at 70% size. Not riddled with nonsense either. Unique situation, this ARU stock - rarely does this occur. Repeat after me - "I must never sell my ARUO" - not at least until $2 anyway. (or maybe even $5). Just how big a mineralising system is Nolans Bore? And what about the other deposits?

What an amazing celebration this outpouring of valid ARU text on HC represents! Rarely have so many posters written so much in such a short time and of such technical quality. ARUO is worth a punt on this fact alone.
Attached File(s)
Attached File  HC_ARU_celebration.zip ( 562.88K ) Number of downloads: 2923

 
  Forum: By Share Code

Blue_Sky_Harvest
Posted on: Nov 21 2005, 10:52 PM


Group: Member
Posts: 189

Is this a reverse head and shoulders I see in the making for BTA. Is $2.50 on the chart the next outcome? What announcement or rumor will do this? BTA announcing outcome of mediation will be court - would take some super spin to ramp that outcome. How about another country directly announcing a Relenza order.
Attached image(s)
Attached Image

 
  Forum: By Share Code

Blue_Sky_Harvest
Posted on: Nov 20 2005, 01:32 AM


Group: Member
Posts: 189

QUOTE (Blue_Sky_Harvest @ Thursday 11/11/04 10:24pm)

Well I got the elevator ride - KIMOA has delivered. Pity I sold three quaters along the way (but not losing) - I am hanging in now for KIM at $1.70 - certainty in motion. Godam pindam - land of evermore. Masterpiece of emotions.mp3

"like sunbeams through a charmed blue ocean,
express yourself, in my emotion.
..............Emotion."
  Forum: By Share Code

Blue_Sky_Harvest
Posted on: Nov 20 2005, 01:18 AM


Group: Member
Posts: 189

QUOTE (eltoro @ Sunday 20/11/05 12:59am)

Sold all my mighty OX and bought PNA. Sure OX has multiple mines - more security with all three Seppon, Prominent Hill and Golden Grove and top management - but it is a slow prod up from here. And yes, PNA has only one mine - Laos - but what a bargain 17.5c and you can get PNA cheaper now. It's the big rise I hanker after. Steady retun is dull.
  Forum: By Share Code

Blue_Sky_Harvest
Posted on: Nov 9 2005, 06:23 AM


Group: Member
Posts: 189

BKG has been a disappointment for me - I bought on the IPO and have held. Looks wrong. It listed in buoyant gold prices and immediately flagged. Now gold has sagged BKG is even sicker. I would have thought the Gympie gold mine and De Crispeny were good credentials for a strong float.

I am wondering if there is a broker’s mates lower price component to the BKG float. How would I look this up?

I got stung with ALH in this way - public paid $2.40 for ALH but selected instos got a special deal well below that in the float and held the price back below water for the public for over six months. Of course the below-water price was profitable for the brokers mate receivers of the lower price shares. The issue of the lower price shares only became clearly apparent to the general public over six months later when Coles looked at a takeover.
Attached image(s)
Attached Image

 
  Forum: By Share Code

Blue_Sky_Harvest
Posted on: Nov 8 2005, 03:30 PM


Group: Member
Posts: 189

Sold my modest 10,000 BMX at 32.5c just before close today. I do appreciate the big volume and a strong rise today with a close on the high may mean BMX goes on further in this run. But hey, I've more than doubled my money on this small parcel of BMX and it is hard for me to hold on when 100+% return is in hand. If it falls and I have cash available at the time I'll certainly be buying back in. The project has a good future but inevitably there are ups and downs in getting there - the wall of worry may not yet have all unfolded for the project start up. Good luck to BMX holders.
Attached image(s)
Attached Image

 
  Forum: By Share Code

Blue_Sky_Harvest
Posted on: Oct 16 2005, 08:46 AM


Group: Member
Posts: 189

QUOTE (iseeitall @ Saturday 15/10/05 05:19pm)

Great post IseeItAll. Stories from the street are oft the most valuable in percieving the true situation out there. This one is right to the point.

I have personally vistied more than half of the Pharmacies in my city over the last few days. We got prescriptions for five courses of Relenza and one for five courses of Tamiflu on Wednesday (12-Oct). No success at the Pharmacies. Co-incidentally I have watched the internet price of Tamiflu increase form US$60 per course on Monday (10-Oct) to double that price by Friday (15-Oct). On-line Relenza costs much the same (about A$160 per course comapred to A$50 from our Pharmacies [if they had any]).

Two internet pharmacies I have been watching this week have recently posted "out-of-stock" messages even though they had begun charging triple the Australian pharmacy price. A third so-called "reliable" on-line pharmacy is claiming one month delivery is now required (although they will debit your credit card immediately) and one wonders if such an extraordinary delay to wrap and FedEx the drug is a guise to give them time to source the drug. The one month delay applies equally to both Tamiflu and Relenza.

I wonder how many ShareScene members now have Relenza in the house?
  Forum: By Share Code

Blue_Sky_Harvest
Posted on: Oct 12 2005, 07:34 AM


Group: Member
Posts: 189

QUOTE (Blue_Sky_Harvest @ Tuesday 11/10/05 07:26am)

Does the German Bourse indicate an ASX open today of around A$2.50?

Bull_101 on HC, gives this valuable link to the German Exchange (click here)

Here are my calculations:

$A1 = 0.6275 Euro
In Germany BTA closed last night at 1.59 Euro (on the daily high)
1.59 Euro divided by 0.6275 = A$2.53

An inside day yesterday - will BTA go up? - will BTA go down? Or will BTA make more inside formation? I think a flag will form unless the ann about the $US400M Relenza order from Friday's meeting between Bush and the Glaxo CEO (and other pharmas) finally appears.

Any opinions?
Attached image(s)
Attached Image

 
  Forum: By Share Code

Blue_Sky_Harvest
Posted on: Oct 11 2005, 07:26 AM


Group: Member
Posts: 189

Does German Bourse indicate an ASX open today of A$3?

Bull_101 on HC, gives this valuable link to the German Exchange

Here are my calculations:

$A1 = 0.629 Euro
In Germany BTA closed last night at 1.95 Euro (on the daily high)
1.95 Euro divided by 0.629 = A$3.10

Any opinions?
  Forum: By Share Code

Blue_Sky_Harvest
Posted on: Oct 11 2005, 12:17 AM


Group: Member
Posts: 189

In reply to: kili on Monday 10/10/05 11:23pm

Good post Kili - I believe you may well be right on the money there. I had read the announcements that you draw from but you have clearly made the big $$$$ link that I missed - congratulations. smile.gif Good luck with your Biota holding.
  Forum: By Share Code

Blue_Sky_Harvest
Posted on: Oct 6 2005, 10:58 PM


Group: Member
Posts: 189

Having a punt on Puntland - [pun intended]

Oh what fun RRS and puns on Puntland will be.

Is it possible Australia's over supply of law graduates may actually be yeilding some small benefit? Is this a new lawyer led economic dawn for strife torn Somalia?

The law fraternity succeeded in driving the world centre of mining start ups away from Bourke Street Melbourne to Toronto and London over the last couple of decades with their huge cut of the action on any new mining float underpinned by over regulation. Have they now found a new distraction from this and ambulance chasing that might actually bring money into the country rather than pit Australian citizen against Australian citizen to line their pockets?

Good luck to RRS holders - will you ever win? Maybe this time I think. Your day has come.
Attached image(s)
Attached Image

 
  Forum: By Share Code

Blue_Sky_Harvest
Posted on: Oct 6 2005, 10:27 PM


Group: Member
Posts: 189

The correction tells us what explorers are worthwhile. CRE is holding and this is very signifigant. I scan read lots of reports and post strings and it all becomes a blur. Some things stick eternal. The CRE story about the third dome buried under 40m of cover compared to Jabiluka and Ranger was a jaw dropper for me. I can't forget it. There would be no radiometric signature - perhaps some geochemical alteration if they look hard - but think about the target - another Jabiluka or Ranger. So so real. So if bird flu does not shut down China growth the bull run continues on.... wink.gif push the volume up a tad
QUOTE
Woolner Uranium — Northern Territory — The Third Dome
There are only three known Archaean granite domes situated on the northern margin of the North Australian Craton.  Two of these, Rum Jungle and Nanambu, are flanked by a number of uranium deposits such as Ranger 1, Jabiluka and Rum Jungle which are significant by world standards.  The third, Woolner Dome, is situated between the other two domes but is hidden by a 40 metre thick blanket of sediments.

The message is in the media
Attached image(s)
Attached Image

 
  Forum: By Share Code

Blue_Sky_Harvest
Posted on: Sep 29 2005, 10:02 PM


Group: Member
Posts: 189

QUOTE (neutron @ Thursday 29/09/05 09:53pm)

Very good link Neutron - thank you - helps make the last point I had. I think it is worthy of being directly quoted here in this thread:-
QUOTE
Crocker's Well - Lake Frome Region
The Crocker's Well Prospect is in the Olary Ranges, southern Lake Frome region, just north-west of the small town of Olary. It is of similar mineralisation to Radium Hill, being a basement rock uranium deposit. It is generally low grade, thought to be 0.03% to 0.1%, with low tonnage about 1,500 to 5,000 tonnes (U). Another recent estimate by Equinox Resources (based on earlier exploration work by Esso Exploration) suggests that two deposits contain about 625 tonnes U3O8 at grades between 0.020% to 0.031% and 354 tonnes of U3O8 at a grade of about 0.026%, with gold mineralisation up to 0.7 grams per tonne. The uranium is present as brannerite mineralisation, which is quite a costly mineral to process and extract uranium from, and the deposit is thus considered uneconomic (1). The uranium is also present in the secondary (weathered) mineral absite, a hydrated titanate of uranium and thorium containing about 32% U3O8 (3).


Sammy - appreciate your thoughts re PDN comparison but time will be our witness - please be polite in future like most of us are - it is more civilised you know.
  Forum: By Share Code

Blue_Sky_Harvest
Posted on: Sep 29 2005, 09:46 PM


Group: Member
Posts: 189

QUOTE (jaded @ Thursday 29/09/05 09:19pm)

Thanks for your reply jaded.

Not bitter (or jaded) just concerned for less informed investors. I am not a holder of PNN and would not want to be - based on the nature of the information Norman Kennedy has furnished. The report "New Uranium Prospect yields very high grade surface samples" raised too many questions for my comfort:

Was this just an opportune rock chip of an uncommon narrow vein of davidite mineralisation in the granite?

Is it appropriate under JORC reporting of exploration results to compare what might be an isolated opportune surface sample with the grade of uranium ore reserves for which extensive drilling and rigorous calculations have been undertaken?

So little detail about the mysterious "surface sampling" leaves me to wonder. It strikes me as reminiscent of reporting by EBR, TAS, RMI or RRS.

To quote JORC again:
QUOTE
"Public Reports of Exploration Results must contain sufficient information to allow a considered and balanced judgement of their significance....  Reporting of selected information such as isolated assays....  without placing them in perspective is unacceptable."

Please follow the JORC link [ http://www.jorc.org/pdf/jorc2004web.pdf ]
Jaded and read the PNN announcement above - I believe you will discover that you misunderstood about JORC with your "mining standard" and "unsubstantiated claims " comments. I believe the substantiation is self evident in my post with regard to the lack of detail of what may be a maverick result.
  Forum: By Share Code

Blue_Sky_Harvest
Posted on: Sep 29 2005, 09:10 PM


Group: Member
Posts: 189

Danger -flawed credibility -ASX does nothing
Brokers mates win - mums & dads loose.

The warning signs are before us from PNN's Managing Director, Norman Kennedy's disregard for exploration results reporting standards (see below) to Robin Bromby of The Australian Dream uranium scheme bombs article. We are being soundly warned. And don't forget siameseparrot (professional share trader)'s true words in response to the false claim by sambora1 on HC of "insto's in great time":

"But institutions don't invest in a spec stock like PNN with just 25 million shares listed. You won't find big funds buying shares in PNN or similar stocks for the Superannuation funds they run or for the Resource Share funds they operate. PNN or similar stocks are also not bought for any Index Fund, because they are not in the ASX 100, ASX 200 or ASX 300. "

Look for opportunities to exit PNN with you shirt still on.

["And the man in the suit has just bought a new car
from the profit he's made on your dreams." - Traffic 1971]

Don't let these low life rip you off.

Why am I putting my scarce free time into writing this long post - Because it offends me to see a noble endeavour such as JORC being used in an underhand way to line the pockets of brokers mates and business lawyers. And of course the ASX does nothing - part of the club I expect. Shame ASX.

To buy PNN now is an activity for gamblers only and is an activity for only those who are prepared to suffer considerable losses.

For Norman Kennedy's benefit I quote here an excerpt from JORC on Reporting of Exploration Results:

QUOTE
"Public Reports of Exploration Results must contain sufficient information to allow a considered and balanced judgement of their significance. Reports must include relevant information such as exploration context, type and method of sampling, sampling intervals and methods, relevant sample locations, distribution, dimensions and relative location of all relevant assay data, ...

Public Reports of Exploration Results must not be presented so as to unreasonably imply that potentially economic mineralisation has been discovered. If true widths of mineralisation are not reported, an appropriate qualification must be included in the Public Report.

Where assay and analytical results are reported, they must be reported using one of the following methods, selected as the most appropriate by the Competent Person:
• either by listing all results, along with sample intervals (or size, in the case of bulk samples), or
• by reporting weighted average grades of mineralised zones, indicating clearly how the grades were calculated.

Reporting of selected information such as isolated assays, isolated drill holes, assays of panned concentrates or supergene enriched soils or surface samples, without placing them in perspective is unacceptable."

From http://www.jorc.org/pdf/jorc2004web.pdf

Then there is the issue yet to surface (yes the JORC resources release will be delayed – surprise, surprise) that you can turn up by Google that getting sparsely disseminated low grade uranium from hard granite is unlikely to be economic eg.
QUOTE
“Intrusive deposits - included in this type are those associated with intrusive rocks including granite, pegmatite, and monzonites. In Australia, the only significant deposits are the large bodies of low grade mineralisation at Crocker Well and Mount Victoria in the Olary Province, SA.”

I welcome any informed comments in reply to this post.
  Forum: By Share Code

Blue_Sky_Harvest
Posted on: Sep 24 2005, 08:57 AM


Group: Member
Posts: 189

QUOTE (jaded @ Friday 23/09/05 09:24pm)

Yes the 11c bargain is being put in the hands of "sophisticated" investors (read boys club I guess). Loyal shareholders are to be largely locked out of the offer as a paltry one for five does not give them much of a boost.

If either Beverley four mile or Maldon were really a bonanza then an above market price may have been seen direct to a single major institutional investor. There would have been someone knocking on the door. 11c is below the market in AGS for a month back and a give away if the goods are there at Beverley or Maldon.

The price of 11c says it all.

I wouldn't be surprised to see AGS drift down and languish at 11.5c for some time to come now. I hope so. The brokers mates will probably dump straight back on to the market and be happy with five or ten percent return on their short term outlay. I don't want the boys club to get too much out of this. I'm out for now. I may buy back in at 11.5c begrudgingly giving my hard earned to a bokers mate.

I wonder if there is a chartist who'd give an opinion please?
Attached image(s)
Attached Image

 
  Forum: By Share Code

Blue_Sky_Harvest
Posted on: Sep 13 2005, 10:37 PM


Group: Member
Posts: 189

Aint it great. My target of 15c on AGS will likely be breached tomorrrow. And you know what - I might not sell now. biggrin.gif Such a nice chart. A ten kilometer plastic pipe offers a neat political solution. The heat is on for more U supply worldwide. And no new Australian U mine - just more work at Beverley:

To the tune of: "Let it Be" by The Beatles

When I find myself in times of greenhouse, Johnny Howard, well he comes to me,
speaking words U-politic "let it be".
And in my hour of global warming he is on TV in front of me,
speaking words of U-debate, "let it be".

Let it be mined, let it be, let it be mined, let it be.
Whisper words a greenhouse friendly, "let it be".

And the broken hearted people thought it was the Northern Territory,
but there is now an answer, it will be at Beverley.
For here they are already mining and there is a lot more "U" that they can see,
there will be an answer. let it be.

Let it be mined, let it be, let it be mined, let it be.....

{6/07/2005 Bought AGS 78,867 @ 0.05 = $3,943.35}
Attached image(s)
Attached Image

 
  Forum: By Share Code

Blue_Sky_Harvest
Posted on: Aug 18 2005, 10:19 PM


Group: Member
Posts: 189

Ok - just what are WSA worth? I don't have the time to wade through it all. Market cap for an as yet non-producer of $259M today at $2.09 seems high compared to producer MCR at $152M. But hey have WSA got more at better grades in the ground?

A cursory glance at WSA's Diggers & Dealers presentation indicated an in ground metal content at very good grades worth a bit over two billion A$. And yes T5 is a bonanza - a company maker - as if WSA didn't have enough already.

And OK if WSA produce 6Kt Ni metal by mid 2006 - well thats $120M revenue. So what is WSA worth? Is it another JBM? - market cap two billion?
  Forum: By Share Code

Blue_Sky_Harvest
Posted on: Jul 18 2005, 11:39 PM


Group: Member
Posts: 189

QUOTE (Knotawurri @ Thursday 14/07/05 10:28pm)

Knotawurri - I'll tell you how and why I remember that para over twelve months later - in one word
"Unforgettable".
Perhaps unwittingly you have produced inspired writing that has its own flow and resonance - I expect it to echo for years to come - here it is again for those new to the thread:-

"Very few people understand the potential, no, the future of this stock. It will leave lots of people very disappointed and with sad sack stories of how they were in at such an such a figure and got out or they had the chance to get in and did not etc etc.....

....If you have a few they will make you eyes weep with happiness some day."

written by Knottawurri on Sharescene 18/06/04 09:58pm (CMQ)
"Unforgettable"

Seeing AGS hit 8c today leads to another song [and so the AGS musical rolls on like the Beverley roll front]:

To the tune of: "Let it Be" by The Beatles

When I find myself in times of greenhouse, Johnny Howard, well he comes to me,
speaking words U-politic "let it be".
And in my hour of global warming he is on TV in front of me,
speaking words of U-debate, "let it be".

Let it be mined, let it be, let it be mined, let it be.
Whisper words a greenhouse friendly, "let it be".

And the broken hearted people thought it was the Northern Territory,
but there is now an answer, it will be at Beverley.
For here they are already producing and there is a lot more "U" that they can see,
there will be an answer. let it be.

Let it be mined, let it be, let it be mined, let it be.....
Attached image(s)
Attached Image

 
  Forum: By Share Code

Blue_Sky_Harvest
Posted on: Jul 13 2005, 10:11 PM


Group: Member
Posts: 189

In reply to: wattle on Tuesday 12/07/05 09:08pm

To the tune of: Money for Nothing by Dire Straits

{in plaintive distant voice}
I want more, I want more AGS
I want more, I want more AGS...........at 5c
I want more, I want more AGS
I want more, I want more AGS...........at 5c

(explosion of sound as AGS booms past 6c one day and then past 7c the next with 4 million traded)

Now look at this yo-yo (AGS), that's the way you do it
You play the uncertainty on that big "U" find
That ain't workin', that's the way you do it
Money for nothin' and your kicks for free
Now that ain't workin', that's the way you do it
Lemme tell ya, them traders ain't dumb
Maybe type a blister on your little finger
Maybe mouse a blister on your thumb

{Refrain}
We got to install uncertainty and doubt
Monster "U" find incredibility
We got to move these roll front deliberators
We got to get the volume on for Beverley

{6/07/2005 Bought AGS 78,867 @ 0.05 = $3,943.35}
{in plaintive distant voice}
I want more, I want more AGS
I want more, I want more AGS........at 5c

"Very few people understand the potential, no, the future of this stock. It will leave lots of people very disappointed and with sad sack stories of how they were in at such an such a figure and got out or they had the chance to get in and did not etc etc.....

....If you have a few they will make you eyes weep with happiness some day."

Stolen from Knottawurri on Sharescene 18/06/04 09:58pm re CMQ - such wonderful hyperbole fits nicely to AGS imho.

0.4% for 5.5m is an extraordinary intersection in anyone's books. The major partner here is the overseas company that owns nearby Beverley. AGS probably only get to be in on this because they had the ground. Bet AGM management are celebrating.

Will this run again - you bet - it will run hard and run again and again. 4 Kg/t -wake up and smell the coffee!

From the web I got that most Australian economic U resources are just over 1Kg/tonne :

Name State Class Commodity Average Grade Grade Unit Total Resource Resource Unit Contained Commodity Commodity Unit Latitude Longitude Operating Status
Angela NT MRS U3O8 1.3 Kg/t 3.62 Mt 3985.606 t -23.92 133.92 mineral deposit
Bigrlyi NT MRS U3O8 3.7 Kg/t 0.59 Mt 1849.487 t -22.22 131.03 mineral deposit
Jabiluka NT MRS U3O8 6.7 Kg/t 6.8 Mt 38634.88 t -12.499 132.914 mineral deposit
Olympic Dam SA MRS U3O8 0.5 Kg/t 650 Mt 275600 t -30.44 136.889 operating mine
Ranger NT MRS U3O8 1.9 Kg/t 0.8 Mt 1288.96 t -12.673 132.918 operating mine
Valhalla QLD MRS U3O8 1.5 Kg/t 4.02 Mt 5108.352 t -20.389 139.369 mineral deposit
Yeelirrie WA MRS U3O8 1.4 Kg/t 33.81 Mt 41258.592 t -27.182 119.904 mineral deposit
Attached image(s)
Attached Image

 
  Forum: By Share Code

Blue_Sky_Harvest
Posted on: Jun 5 2005, 02:38 PM


Group: Member
Posts: 189

QUOTE (juke @ Thursday 02/06/05 12:28pm)

Glad to see Juke that you have posted on a number of other companies besides GDY over a longish period of time. Thank you for your informative comments.

Oddly GDY has exhibited a unique character in the way it attracted a coutier of posters (not including you Juke) who posted knowledge-rich GDY posts, but posted far less of substance on other companies besides GDY (Skippa and Pardox are two such posters who come to mind).

Perhaps unique technology attracts unique posters.
Attached image(s)
Attached Image

 
  Forum: By Share Code

Blue_Sky_Harvest
Posted on: May 14 2005, 03:07 PM


Group: Member
Posts: 189

I get annoyed that I am not able to supply my account and tax file details on line for CPU registered companies. I just hand filled a big pile of forms for these details to send by post. I have sent a number of (always polite) emails about this design cripple over the last two years and for all bar my first email, routinely I get no reply.

This time I raised the notion of an AGM point of order from the floor on the problem. Does anyone have any ideas how to get progress on getting this problem fixed? Here is my e-mail to CPU:

"I think the ability to use the Investor Centre would be a great asset for me and your web site promotes its use. However when I try to join I get:

"You have too many holdings to register for Investor Centre."

Why do you disable it for ordinary shareholders like myself who have more than just a few different companies? It has been like this for years. Why? There have been a number of reports to you about this design cripple to your Investor Centre system over the years.

Do you recommend this be raised at the next AGM by the shareholder lobby as a point of order from the floor to get action on it?"
  Forum: By Share Code

Blue_Sky_Harvest
Posted on: May 8 2005, 04:24 PM


Group: Member
Posts: 189

For what it is worth
(and I know little of such stuff being a newbie of two years but wrote this out to summarise it for myself),
at a talk yesterday morning Scott Logan (Australian Stock Report) expects ASX movement into the 3800 - 3900 zone - not in a rush - perhaps over the next two weeks. With 3850 as about the base, followed by sideways movement - with perhaps a lot of nothing movement for three years.

However, they are very bullish on resources, oil in particular and minerals/metals. Gold likely to be bought as a hedge against high oil price and consequnet inflation (stagflation - slowing growth and rising infaltion).

A chart I found in advertising I get by e-mail gives a similar picture:
Telling prediction from back in April from:
Australian Stock Market has the Serious Wobbles per - Noel Campbell - Trader and Chief Analyst and Education Manager (Safety in the Market)

And following is the sort of chart Scott Logan put up but with a third decline to a landing zone around 1850:
Attached image(s)
Attached Image

 
  Forum: Investment Discussion

Blue_Sky_Harvest
Posted on: May 5 2005, 10:20 PM


Group: Member
Posts: 189

In reply to: diana on Wednesday 04/05/05 08:03am

Daina

Apologies for the delay. Been focussed on other stocks and have been using Hot Copper a lot more than Share Scene lately. I was using Hot Copper because I prefer having headers so that I get a clue as to whether I want to spend time opening each a post or not.

Anyway in answer to your request here is where I found the table of U3O8 grades for economic deposits. I selected the JORC code option of Measured Resource (MRS).

Good luck with your investing.

http://www.australianminesatlas.gov.au/map...U3O8&selected=Y
Attached image(s)
Attached Image

 
  Forum: By Share Code

Blue_Sky_Harvest
Posted on: May 3 2005, 09:31 PM


Group: Member
Posts: 189

Diana, I think this may be more than just a good start, I suspect this is a new U mine in just one announcement.

0.4% U3O8 for 5.5m is an outstanding intersection in anyone's books. Quasar Resources, the major partner here is the overseas company that owns nearby Beverley. AGS probably only get to be in on this because they had the ground. Bet AGS management are celebrating - probably a company maker for AGS.

The insitu leaching of these roll front U deposits has been proven up by Quasar (Heathgate Resources). Basically just pipes and pumps for this soluable oxide - dig free mining - minimal ground disturbance. Strict environmental requirements have been demonstrated by Heathgate as achievable at Beverley and the SA government has the welcome mat out. What more is needed?

Seems the Australian market is unable to appreciate the value of this find. Will AGS run again? You bet! AGS is due to run hard and AGS will continue to run on and run on and not tire of running for a long while yet. 4 Kg/t -wake up and smell the coffee ASX traders! Dips in sp like today are AGS buying opportunities.

AGS is now worth far more than its market cap of A$9M. It is only a matter of time for the knowledge to spread to the right corners. Please let me know if there are reasons contrary to my enthusiasm.

From the web I got that most Australian economic U3O8 resources are over 1Kg/tonne but 4Kg/tonne is exceptional:

Name State Class Commodity Average Grade Grade Unit Total Resource Resource Unit Contained Commodity Commodity Unit Latitude Longitude Operating Status
Angela NT MRS U3O8 1.3 Kg/t 3.62 Mt 3985.606 t -23.92 133.92 mineral deposit
Bigrlyi NT MRS U3O8 3.7 Kg/t 0.59 Mt 1849.487 t -22.22 131.03 mineral deposit
Jabiluka NT MRS U3O8 6.7 Kg/t 6.8 Mt 38634.88 t -12.499 132.914 mineral deposit
Olympic Dam SA MRS U3O8 0.5 Kg/t 650 Mt 275600 t -30.44 136.889 operating mine
Ranger NT MRS U3O8 1.9 Kg/t 0.8 Mt 1288.96 t -12.673 132.918 operating mine
Valhalla QLD MRS U3O8 1.5 Kg/t 4.02 Mt 5108.352 t -20.389 139.369 mineral deposit
Yeelirrie WA MRS U3O8 1.4 Kg/t 33.81 Mt 41258.592 t -27.182 119.904 mineral deposit
Attached image(s)
Attached Image

 
  Forum: By Share Code

Blue_Sky_Harvest
Posted on: Apr 21 2005, 08:54 AM


Group: Member
Posts: 189

AUW did not rebound after the all market sell off. In fact it hot 86c on close yesterday. Has something happened that has not been announced?
  Forum: By Share Code

Blue_Sky_Harvest
Posted on: Mar 4 2005, 11:41 PM


Group: Member
Posts: 189

QUOTE (bigdump @ Friday 04/03/05 08:05pm)

Sure BigDump, I get a SP of 40c plus - I know little of this but have been reading the ann and prospectus and am prepared to conjecture.

Imagine if you will being in a tall building out in the opera house forecourt. High up. You shine your laser gun down at 60deg to the right most shell. Imagine only the east half of the roof is there and the curve is mirrored on the underside. Let it suspend. Alll the rest of the opera house can dissapear. This lens represents the ore drilled at Einasleigh. Dips east and your drilling at 60deg from the south.

Suppose your laser gun can drill through this hanging lens formed from the eastmost roof half of the opera house. At 60deg from the south. Youre lucky and get pretty much the widest possible drill width through the lens - a whole 55m. Like going in one edge of a magnifying glass and coming out the opposite edge. This is the conservative view of the Einasleigh no6 drill (END006).

The lens is probably elongated in the dip direction and it is unlikely the drill made the widest possible crossing, but it probably is angling down through the orebody at 60deg. I'm out of my depth here but my guestimate of volumetric measurements of the orebody may be say 50m by 10m thick by 100m up and down dip.

This gives 50,000 m3 of ore volume assuming no other extensions. I don't know the factors to use for the rest but I'll guess the weight of the ore is 4t/m3 which gives 200,000t ore. At 6% Cu and A$4,000/t of Cu this gives 12,000t of contained Cu grossing around A$50M. The lens taken out of the 1914 mining yielded 8,000t of Cu, so there is some consistencvy there. The old mine was likewise ore grading 6% Cu.

The rest I know even less about but will guess again. Suppose the cost to refurbish and extend the mine, extract the ore and process it (floatation? and smelting?) is A$30M all up. This leaves a profit of A$20M. The market cap of CSE is A$11m or A$15M (not sure about the unlisted shares). I've a hunch the market cap should be around the profit that can be generated form the assets held - just a guess. So the share price should be higher than it is now by say 30%. 31c X 1.3 = 39c.

Then there is the blue sky. Will there be more ore further south like Tom suspects. Will the gossan to the north currently being drilled turn up anything? There is also some existing 2% ore remaining at the old mine. So any wins on any of these gives 40c plus. Just conjecture but good buying to my mind. There could be more ore to be found I suspect and the ore already found more than justifies the current SP.
Attached image(s)
Attached Image

 
  Forum: By Share Code

Blue_Sky_Harvest
Posted on: Mar 3 2005, 10:56 PM


Group: Member
Posts: 189

QUOTE (bigdump @ Thursday 03/03/05 08:24pm)

BigDump, here is one idea: The siting of the drill rig is difficult for this deposit (look at the 3D air photo in the announcement). The rig would need to be on that steep ridge east of the river (heroic stuff) to get a trajectory that would pass through the orebody at right angles to the dip and so give a good idea of true width. The river and flood areas eliminate the remaining perpendicular drill trajectory sites.

Consequently CSE drilled from the south - and they are almost apologetic - as a cynic may construe the rig was sited to give a trajectory that gave a misleadingly thicker intersection. (Another disadvantage is that this trajectory means misses of the orebody are more likely.) I think a lack of appeciation of this siting difficultly (and the complexity of the data) may have mislead on intent and flumoxed some of the broker advisers.
  Forum: By Share Code

Blue_Sky_Harvest
Posted on: Mar 3 2005, 10:28 PM


Group: Member
Posts: 189

In reply to: wrxsti on Thursday 03/03/05 07:54pm

wrxsti

Here's hoping. I'm in at an average of 19.1c on DEGO from averaging down and have four times my usual base size holding. So have fretted over what on earth could have been pushing DEG lower and lower as it's gold grade and tonnes look promising. But then again OGD and GTM which I also consider quality stocks have also been behaving badly.
QUOTE
11-Nov-04 B  DEGO  5000 0.3 19.95 -$1,519.95
22-Nov-04 B  DEGO  5000 0.28 19.95 -$1,419.95
2-Dec-04 S  DEGO  10000 0.245 19.95 $2,430.05
2-Dec-04 B  DEGO  10000 0.23 19.95 -$2,319.95
14-Jan-05 B  DEGO  10000 0.205 19.95 -$2,069.95
4-Feb-05 B  DEGO  20000 0.175 19.95 -$3,519.95
10-Feb-05 B  DEGO  20000 0.15 19.95 -$3,019.95
Pretty much at my risk limit with DEGO, so I look forward to your pleasant surprise wrxsti.

Attached image(s)
Attached Image

 
  Forum: By Share Code

Blue_Sky_Harvest
Posted on: Mar 3 2005, 07:06 AM


Group: Member
Posts: 189

Grade is king. Media rule.

MNR initial spike was about 100m at 1.9% Cu and 0.6 g/t Au.

CSE has 50m at 6.6% Cu and 0.3 g/t Au.

The Au is incidental. 6.6% Cu over 50m scores far higher than 1.9% Cu over 100m.

Grade is king.

Every media echo of this story should add 1c to the price today over last night's close. I heard it in the ABC radio headlines 8pm last night. Courier Mail should be a certainty. Australian a likely possibility. Looking good to breach 42c today based on that amount of media cover.

This is no phantom. That 50m at 6.6% Cu ore is there in the ground. Core is core. Question is, how much more is there?

Attached image(s)
Attached Image

 
  Forum: By Share Code

Blue_Sky_Harvest
Posted on: Mar 3 2005, 12:04 AM


Group: Member
Posts: 189

Before I got to read your re-assuring posts I'd sent the following e-mail:

QUOTE
To: info@sipa.com.au
Subject: SRI SP seems to indicate Broken Hill tip drill is a duster - please announce.

Hello Mr Doepel / SRI staff

The SRI share price today (Wednesday 2nd March) seems to indicate the Broken Hill tip drill is a duster.  If any valid reason is at hand, for instance, unfavourable geology has been intersected, or a likely non-economic reason for the gravity anomaly is now apparent, could SRI please announce this to the ASX. 

The anticipation on this drill has been great.

Indications: At 15:47 yesterday (Tuesday 1 March) 500,000 SRI were dumped at 12c in one big lump. At 3pm today a loss of confidence in SRI set in that saw SRI sell as low as 10.5c.

Thank you
....(SRI shareholder)


Attached image(s)
Attached Image

 
  Forum: By Share Code

Blue_Sky_Harvest
Posted on: Mar 2 2005, 09:45 PM


Group: Member
Posts: 189

Any URLO holders care to join me in a block offer. I sent the following e-mail today in response to today's CUO announcement. You are welcome to transcribe it or alter as you wish:

To: geoff@fowlstone.com.au
Cc: lindsay@fowlstone.com.au

Subject: 1% holder of URLO will accept 1:1 as a fair prior trading price.

Dear Geoff / Lindsay

I hold about 1% of URLO. I will accept one CUO for each URLO. I believe I am due this rate by your criteria of the price prior to the announcement. The math you give as quoted below from today’s ASX release is very misleading in CUO’s favour:

QUOTE
“Under CopperCo’s option offer, Universal optionholders will receive 2 CopperCo shares for every 3 Universal options valuing Universal options at 1.54 cents per share. This equates to a premium of 23.8% to the option price prior to the announcement of the option offer2.

2 Based on the volume weighted average price of CopperCo shares of 2.31 cents over the 10 trading days prior to the announcement of the share offer and Universal’s option price of 1.25 cents over the period 1 December 2004 to the day prior to the announcement of the option offer.”

If you do not accept 1:1, please provide your version of the raw data that gives you the result you claim for the days prior to the CUO takeover announcement.

I calculate that the average URLO price prior to the announcement is more like 2c (see image below). So a 23.8% premium would be about 2.5c for each URLO (not 1.54c). Of course URLO plummeted after the takeover announcement for obvious reasons. I believe we all agree that a prior price (as you claim in today’s ASX announcement) but with the correct data is the only fair way.

Thank you

<<Attached records of the prior ASX trading for URLO - was at 2c >>
Attached image(s)
Attached Image

 
  Forum: By Share Code

Blue_Sky_Harvest
Posted on: Feb 15 2005, 07:29 PM


Group: Member
Posts: 189

In reply to: Golden Eye on Tuesday 15/02/05 06:15pm

Spot on Golden Eye. Exactly the reason I'm in SRI. I now have 100,000 SRI at average of 12c, which is a big stake for a small investor like me. I don't see much downside in SRI over the year if the tip is a duster as SRI has plenty of good prospects lined up and funds are to flow in from Sulphur Springs - Panorama base metals deal (CBH).

If SRI do get the hoped for Broken Hill faulted repeat, then I'll expect to gross a few hundred thousand dollars from my $12,000 SRI stake. The way I'd like the drill to pan out is a trading halt followed by an "200m of visible strong mineralisation" type announcement. That way I'm more likely to be locked into the big elevator ride and get the full gain and not be at risk of selling out too early into a small preliminary rise from a in-the-know leak.
  Forum: By Share Code

Blue_Sky_Harvest
Posted on: Feb 9 2005, 09:32 PM


Group: Member
Posts: 189

Could this be a trend reversal on KIM? Certainly a strong volume and interesting pattern.
Attached image(s)
Attached Image

 
  Forum: By Share Code

Blue_Sky_Harvest
Posted on: Jan 29 2005, 01:06 AM


Group: Member
Posts: 189

Blue_Sky_Harvest........... KIM SRI MTH GRN SKR
  Forum: Off Topic Chat

Blue_Sky_Harvest
Posted on: Jan 29 2005, 12:23 AM


Group: Member
Posts: 189

Green day on LME - all green - wow
Attached image(s)
Attached Image

 
  Forum: Macro Factors

Blue_Sky_Harvest
Posted on: Jan 28 2005, 10:54 PM


Group: Member
Posts: 189

On Monday I expect to have appearing the trading account 489 CBA mostly bought in 1996/97 from CBA3 (what was then a minimum parcel of 300 at $6 installment receipt + $4.50 final payment) including the full history of dividend re-investment up to now (the stuff of dreams biggrin.gif - but hey, all our CBA1 bought at $5.40 in 1991 were sadly sold years back).

Keen to redirect the funds into an assortment of mostly small caps I had planned to sell all these CBA immediately on receipt but now note the huge volume and price jump in CBA today. unsure.gif Perhaps my thinking is flawed. I had thought the banks were done. I thought banks had made their huge leap forward over the past decade from technology implementation and fee escalation and that was it for banks for a long time to come.

Perhaps a stop loss at $33.25 (in the gap) with a triggered sell at $33.20 is in oder.... and hopefully follow CBA up to higher prices.... perhaps until just before CBA goes ex-dividend I guess. Last year or two I think CBA fell far more than the value of the dividend. Any opinions?
Attached image(s)
Attached Image

 
  Forum: By Share Code

Blue_Sky_Harvest
Posted on: Jan 25 2005, 07:05 AM


Group: Member
Posts: 189

There was a single parcel yesterday of 1,642,100 at 70c. SP looking stonger. Is anything up with CGX?
QUOTE
Time Price Volume Cond Attrib Buy XRef Sell XRef
12:29:20 0.71 30,000 XT F 
12:22:17 0.71 11,989  F 
12:22:02 0.71 48,011  G 
12:21:45 0.71 1,989  F 
12:21:44 0.71 25,000  G 
12:21:09 0.71 23,011  G 
12:21:09 0.71 1,989  F 
12:03:00 0.70 1,642,100 XT 
10:47:14 0.71 3,011  G 
10:47:14 0.71 10,719  F 
10:47:14 0.71 28,270 XT F 
10:46:42 0.70 10,000   
10:34:40 0.70 5,000  G

Attached image(s)
Attached Image

 
  Forum: By Share Code

Blue_Sky_Harvest
Posted on: Jan 24 2005, 09:27 PM


Group: Member
Posts: 189

In reply to: Arctic Aussie on Monday 17/01/05 05:20pm

Interesting reading your posts artic and jarm. I am pleased to see a "U" buyer for KIM at 91c. Should put a floor under trades for a while. Notice the KIMOA 55c dumper of late was replaced by a 54c 50K dumper this morning, but now with the "U" buyer for KIM there is a 57c 50K buyer for KIMOA. Lucky whoever bought the 50K KIMOA at 54c. Happy days can't be far away now.
Attached image(s)
Attached Image

 
  Forum: By Share Code

Blue_Sky_Harvest
Posted on: Jan 24 2005, 08:14 PM


Group: Member
Posts: 189

GDY can be big on media events as we saw with the official opening of the first well with plane loads of press in attendance and the announcement of Origin Energy's take up. The "blowing off steam" event due soon (?early Feb?) may be similarly managed - it will make good TV news visuals - sure to cause a spike if press coverage is there again.
Attached image(s)
Attached Image

 
  Forum: By Share Code

Blue_Sky_Harvest
Posted on: Jan 22 2005, 10:22 AM


Group: Member
Posts: 189

QUOTE (hayboys @ Friday 21/01/05 11:00pm)

We make our own decisions:
Hayboys, thank you for your considered reply. You raise some compelling issues. I would not want to feel responsible for anyone else having made a bad investment. As you correctly point out, this is why we must all do our own research and make our own decisions before committing funds.

Small nickel miners:
From a very limited knowledge base I am slowly learning as I go along. The market is bluntly teaching me that my approach to guessing the value of small nickel miners is badly lacking. After a year of going nowhere with AUZ (one of my all time favourites) I accept I need to delve deeper into how to go about these things. Following your advice I have found the NPV function in Excel and plan to do some googling today.

What return?
I have made nowhere near your 200% in three years. In the six months from March 2003 (about when I started my trading hobby) to November 2003, I made an unexpected gain probably on track with your rate of return. However, subsequently I have been finding this performance a wildly unattainable goal to repeat. I now know my initial windfall was little to do with me, and nearly all to do with the market dynamics at that time. Now, just to stay marginally ahead, I find myself putting in more and more time and having to learn many new and complex things (this does not often come easy to me). This is OK for now, as my returns are still better than with the bank and I have a general disaffection with managed funds.

Options #@*
I have found profits from company options very elusive and have had many painful experiences (eg lots of write offs like GTMO, or sold big gainers far too early at 25% gain instead of several hundreds of percent – NDOO, BSGO, BGFO). But before I exhaust this hobby I want a ten bagger (this is one of my trading goals) and I see options as one possible way. My current ten-bagger hopefuls are GIPO (in at 4.3c, “I must not sell, I must not sell, …”) and in FPOs, the drilling of the Broken Hill tip anomaly next week (SRI in at 12c and FCN in at 5.2c).

Thank you for the good advice. Hope your profits continue.

Thread relevance
I’m in FXRO at 32.5c having exchanged from FXR to free up cash and flippantly hope to make about 80% on FXRO and will now seek to understand the true value mines through learning about NPV, IRR etc.
  Forum: By Share Code

Blue_Sky_Harvest
Posted on: Jan 21 2005, 08:57 PM


Group: Member
Posts: 189

In reply to: hayboys on Friday 21/01/05 07:54pm

Thanks for the figures hayboys - not a mine economics numbers person myself but appreciate your contributions.

Would it be anywhere near sensible for me to arrive at my target sell price of 79c by:

1. Your $18M earnings divided by 66M shares = 27c per share
2. [assume cost of exploration balanced by new share value contributed by exploration]
3. choose a PE of 3 because on factors such as short mine life (currently), limited diversification etc
4. and get 27c (eps) X 3 = 81c share price
5. and round this down to 79c for an attractive price to sell

Since I have FXRO at average 32.5c I'd probably look to sell at 59c if I were using the above calculation. This is about an 80% profit which would be very nice indeed.

Just need for the announcements to flow about FXR's situation and the market to value FXR accordingly. Wishful thinking?
  Forum: By Share Code

Blue_Sky_Harvest
Posted on: Jan 20 2005, 07:48 AM


Group: Member
Posts: 189

QUOTE (cdchi1 @ Thursday 20/01/05 05:09am)

Correct Cdchi1, 'debacle' is the wrong word. MRX has $17-18m cash in the bank (and no debt) to develop the many White Range satellite deposits and seek lower strip ratio ore near at hand to White Range. White Range is only part of MRX holdings - e.g. Mt Watson and Mt Earl. In time, all may come up trumps. [With my MRX proceeds I bought MCR at 59c immediately on release of the great MCR quarterly.]
  Forum: By Share Code

Blue_Sky_Harvest
Posted on: Jan 18 2005, 08:10 PM


Group: Member
Posts: 189

GTM may be a step closer to an extra wnidfall with another half million ounces of high grade gold (7g/t). Ann. tonight indicates there is more yet on GTM's claw back of a 70% interest in the Juno, Noble’s Nob and Peko tenements at Tennant Creek (where over 500Koz of gold are estimated). I guess the legal types have a vested interest in resolution taking longer.
QUOTE
In the Supreme Court of Western Australia today, the injunction was extended until further order of the Court.
Giants Reef is also proceeding with its court action which includes seeking a declaration
confirming its 70% interest in the tenements and for specific performance of its contractual
rights.
Wonder what GTM share price will do tomorrow. Usually any good news for GTM gets dumped on heavily. Like yesterday, after an hour of rises to around 10% more, parcels as big as 1M shares and more appear on the sell side. Similarly the same happened this morning when GTM looked like it would run again. These are $70K and $100K dumps (see example from today below).
Attached image(s)
Attached Image

 
  Forum: By Share Code

Blue_Sky_Harvest
Posted on: Jan 18 2005, 12:58 PM


Group: Member
Posts: 189

I am a novice small investor but can speculate from your numbers below LSM and Hollywoodpitt (thank you) that a takeover at 8c may suit a tax heavy company that is interested in early stage copper developments and the ground that MRX has. However, I imagine this could be a process for the patient. I am currently loosing on MRX at 7.6c by $1,140 despite some recent averaging down (my current average is 8.8c). To think I was up on MRX by over $1,000 last Wednesday! What a fickle place to put ones money!

MRX ran to 7.6c today (even tipped 7.7c) but I feel it has slowed now (not much happening at all over lunchtime) so I’ve sold all my MRX in total at 7.6c wearing the $1,140 loss. I’ll consider what to do next. Maybe I’ll try to buy back in to MRX for less (perhaps on the dump that could occur on market close today – perhaps 7.2c). If high volatility in MRX persists maybe I’ll even seek to sell those higher and buy back in lower and even try it a few times. Or maybe I’ll find a better home for the funds – IGO at $1.05 could be nice considering a possible 5% fully franked dividend although IGO management may have lost some credibility with this MRX debacle. Anyway I’m off to look to do some spending (maybe TIRR at 3c if it keeps falling). Maybe something more secure though…. Good luck to all MRX holders. My feeling is MRX can’t be worth more than their recent November low of between 7c and 8c with White Range no longer the great hope it was.
Attached image(s)
Attached Image

 
  Forum: By Share Code

Blue_Sky_Harvest
Posted on: Jan 17 2005, 08:07 PM


Group: Member
Posts: 189

QUOTE (king louie @ Monday 17/01/05 06:31pm)

Great stuff King Louie. Haven't seen the like of such poetic inspiration since HDR (Hardman Resources) started on it's big run after a long long wait by many Hot Copperites. Lets hope BQT has a similar performance in store for us. Took a while to find the famous HDR post - but what a memorable moment in posting history - so here it is:
QUOTE
Subject today's the day.
Posted 23/12/03 10:09 - 192 reads
Posted by king louie
Post #204364 - in reply to msg. #204283 - splitview
  
You know, there's nothing that gee's you up more than sitting and reading a print out of the weekend HDR posters on hotcopper while listening to Eminem's 'Lose Yourself' repeatedly....Especially the chorus:
________
"You better lose yourself, im the music, the moment, ya want it, ya better never let it go, yo, you only get one shot, do not miss to chanch to blow, this opportunity comes once in a life time, you better."
________

The sentiment is growing
the selling pressure is going
and I think we're all knowing
that the price is not showing
the value of the oil which will be flowing
so if you are not slow in
buying but don''t be throwing
the towel in before the glowing
reports on the the following
commerciality and poune reports that will be glowing
you will be rolling
in coin and throwing
your arems in the air cause you'll be towing
a trailer full of black gold and be gloating
cause you saw the whole thing
unfold like a coild spring
and the only thing
you do now is sing
cause you did the right thing
in the spring of 200 and something :-)

YO YO YO YO YO!!!!

85c+ this week.


Cheers
Louie

CHOMP CHOMP CHOMP CHOMP CHOMP CHOMP CHOMP CHOMP


HDR subsequently steadily went up to over $2.
Attached image(s)
Attached Image

 
  Forum: By Share Code

Blue_Sky_Harvest
Posted on: Jan 12 2005, 06:19 AM


Group: Member
Posts: 189

I bought a minimum subscription of GOP plus 1:2 free GOPO from the IPO for 20c each for each GOP. I also thought the opening with only a 2% gain was a bit close [GOP17.5c+GOPO(5.8c/2) = 20.4c]. But within a day the gain was 5% [18c + (6c/2) = 21c] which I felt was perhaps acceptable for outlaying my $2K for only a month.

But I did not sell as I think GOP will steadily rise to 26c (plus 50% on opening price) or more over the next few months in anticipation of drilling. See comparison charts for MOG, STX and BAS below. [Please be aware past performance is no gaurantee of future returns.]

In fact, because I expect GOP to rise, I increased my holding in GOPO on Monday for an average of 5.85c from the IPO minimum of 5,000 GOPO to my current 25,000 GOPO. I anticipate selling GOP first for around 25c to cover most of my GOP+GOPO entry costs and thereafter getting around 10c for 15,000 of the GOPO. The remaining 10,000 GOPO I'll free carry through the drilling. Could be spectacular - new ideas applied to Bass Strait already getting some validation from other companies drilling (eg Moby).
  Forum: By Share Code

Blue_Sky_Harvest
Posted on: Jan 10 2005, 10:13 PM


Group: Member
Posts: 189

QUOTE (paulhart @ Thursday 06/01/05 02:50pm)

Will JML get the options clearly over the line? Lets hope we see something inspiring from JML this week. BFS with current resource will do. Resource upgrade even better.

To be safe JML needs clear 20c (the options exercise price) by a few cents at least. Remeber what happened to COE at options exercise time (was not clear of 20c by enough and fell back to 18c). Look at what is happening to JAKO and JAK (options price crashing from 3c to 1c).

JML has a good quality resource with potential for more, so hoping it gets it's due recognition with the Jaguar BFS release. A market cap of only $23M seems too low for a promising new mine with good grades. If you expect JML will go to 25c or above in the short term, then JMLOA at 2.5c are very good buying.
Attached image(s)
Attached Image

 
  Forum: By Share Code

Blue_Sky_Harvest
Posted on: Jan 10 2005, 08:37 AM


Group: Member
Posts: 189

I have taken up a minimum of GOP from the float. I am wondering when to sell. As a possible guide I have looked at three similar oil floats over the last six months. They are all 20c issues (MOG, STX, BAS). MOG also had two option types (MOGA 20c end 2004 and MOGOA 30c in 2008). It seems day one was not the time to sell either of these three. They each rose by around 50% over the first three months in anticipation of their drilling. Opening price for two was above issue (MOG barely scrapes in even and only by options). In using Falcon as well as the usual geophysics, GOP may have more potential than prior brownfields explorers in Bass Strait. GOP opens 11am today (Monday 10th Jan 2005). Good luck to all GOP/GOPO holders.
Attached image(s)
Attached Image

 
  Forum: By Share Code

Blue_Sky_Harvest
Posted on: Jan 6 2005, 10:00 PM


Group: Member
Posts: 189

QUOTE (hayboys @ Thursday 06/01/05 12:47pm)

I've been reading the AGM presentation to see how it covers the earnings problem you refer to or hedging problems mentioned on Hot Copper. I could find no mention or indication of such problems in the AGM presentation. In fact I found the opposite - the cost of production is only a third of the $s earned using the hedging.
QUOTE
Radio Hill Forecast

Hedging (773 tonnes) A$6.60/lb
Cash Operating Cost US$2.20/lb

Forecast to year end 30 June 2005
Ore (tonnes) 180,000
Grade (%) 2
Nickel (tonnes) 2,500
Yes the chart looks poorly but I think the rights issue seeking cash in the lead up to Christmas was bad timing. Investors who took up a big shortfall will still be ahead Cost 57c(FXR)+1c(FXROA)=58c. Sell today for 50c + 9.5c = 59.5c and up to now the profit has been much higher. Underwriters get a commission as well as any profit on buy and sell prices, so as yet, no drama as I see FXR. Any other ideas?

By the way I've just changed my FXR over to FXRO to free up some cash - because of the falling price I was able to get a $55 saving even after commissions - sold FXR 53c and bought FXRO for average 32.5c.
Attached image(s)
Attached Image

 
  Forum: By Share Code

Blue_Sky_Harvest
Posted on: Jan 6 2005, 07:48 AM


Group: Member
Posts: 189

Will TIR have a higher high and a higher low than yesterday (8c to 16c)? I am sure we will get a higher low out of TIR today. But will TIR form a higher high? I am picking 17c but would not be surprised to see TIR nudge 18.5c. Yesterdays trading was staggering. A stock that regularly only has a few parcels go through suddenly traded 3M in 10 mins post the bio-heap announcement and soon had doubled from 8c to 16c. Trading in TIR went on and on to exceed 32M traded. There are only 180M TIR issued and a big chunck of them are locked up with CSM. The fact that TIR closed near it's high for yesterday augers well for today I feel.

TIR have a great number of nickel deposits waiting for the cash to develop them in the belt Widgie and Spargoville including many of the historic mines. Maybe CSM as part of their nickel expansion will continue to inject more and more cash beyond the recent $1M for Munda. The Armstrong ore chemistry unsuitablility for the Kambalda smelter may be solved as simply as concentrating the ore and shipping it to another smelter as SMY (Sally Malay) already do (who have a similar grade at 2% nickel). The other historic mines in the belt Widgie and Spargoville appear to have no problems with ore chemistry historically for the Kambalda smelter. Below are a couple of Widgie - Spargoville maps from Hot Copper. And then TIR have bio-heap, ostensibly the reason for yesterdays excitment. And what if CSM are working towards a TIR takeover?

Widgiemooltha Nickel region map

Armstrong to Munda map
Attached image(s)
Attached Image

 
  Forum: By Share Code

Blue_Sky_Harvest
Posted on: Jan 5 2005, 10:49 PM


Group: Member
Posts: 189

QUOTE (Financial Chatter @ Thursday 30/12/04 10:20pm)

You asked about JAK rumours. You have probably heard these rumors by now, but just in case you haven't I'll re-post from sandune of Hot Copper. The item about a swiss fund was proven correct in a JAK company announcemnet today (so maybe the other items could all prove to be on the mark). I like the bit about the nickel float. This group have spawned a number of floats over the current 'mining boom' and their timing for subscribers has been well placed. Entry to JAK at present is cheapest via the options.
QUOTE
Subject re: who is the buyer???
Posted 30/12/04 15:18 - 91 reads
Posted by sandune
Post #471424 - in reply to msg. #471401 - splitview
  
results & a bit of news will be flowing next week or so ,JAK should be on there way as a gold producer 3/4 qrt 2005 ,,,, a fair bit going on behind the scenes ,,a major swiss fund likes JAK style a lot stay tuned...everyone knows my thoughts ...they are very cheap ...i like there nickle ground & so does someone else who has a fist full of $$ to throw at JAK..at the end JAN ,,JAk will have $5mill in the bank ,producer status 2005,a very big nickle drilling year (farmed out) & some very big financial backers on the registery my pick for 2005,,,& only 66mill shares including options after expire, at 24 cents mkt cap $13.5 mill ,dont be surprised to here about a jackson nickle float & a free in speice share for jackson gold holders..in 2005.
Parts of today's announcement (attached below)about options underwrite.
QUOTE
The Company has issued 750,000 shares to Mr Peter Schmidlin on 5 January 2005 at a price of 20 cents as part of the Company’s fund raising activities. Mr Schmidlin is a Zurich based investor and fund manager who is active in global resource industry investment.

Jackson Gold (ASX: JAK) is pleased to announce that it has entered into an Underwriting
Agreement for the exercise of 22,037,501 listed Jackson Gold options expiring on 31
January 2005 (ASX: JAKO) with an exercise price of 20 cents each, raising approximately
$4.4 million.
The issue has been fully underwritten by ABN AMRO Morgans Corporate Limited, with
support from a range of domestic and international investors including Trojan Investment
Management Pty Limited, Patersons Securities Limited and Mr Peter Schmidlin.

Attached File(s)
Attached File  JAK_Options_underwrite.pdf ( 25.06K ) Number of downloads: 76

 
  Forum: By Share Code

Blue_Sky_Harvest
Posted on: Jan 5 2005, 08:24 AM


Group: Member
Posts: 189

In reply to: suti on Wednesday 05/01/05 07:50am

So about 57c per each REM - being the 30c cash + 27c ($2.70 for CSM / 10).

I wonder how long we will have to wait? I have a modest 10,000 REMG left - I expect REMG holders will get the same offer as REM holders as REMG ususally trades for much the same price as REM.
QUOTE
30/12/2004 Sell  REMG  7100 0.5 19.95 3530.05
22/12/2004 Sell  REMG  7900 0.49 19.95 3851.05
17/11/2004 Sell  REMG  5000 0.4 19.95 1980.05
29/10/2004 Buy  REMG  9300 0.35 0 3255
28/10/2004 Buy  REMG  5700 0.35 19.95 2014.95
8/10/2004 Buy  REMG  5000 0.381 19.95 1924.95
18/06/2004 Buy  REMG  5000 0.44 19.95 2219.95
27/04/2004 Buy  REMG  5000 0.51 19.95 2569.95

22/11/2004 Sell  REM  10000 0.47 19.95 4680.05
29/10/2004 Sell  REM  10000 0.34 19.95 3380.05
29/10/2004 Buy  REM  10000 0.32 19.95 3219.95
5/10/2004 Buy  REM  9686 0.37 19.95 3603.77
28/04/2004 Sell  REM  4686 0.52 19.95 2416.77
27/04/2004 Buy  REM  5000 0.5 19.95 2519.95

Attached image(s)
Attached Image

 
  Forum: By Share Code

Blue_Sky_Harvest
Posted on: Dec 30 2004, 10:20 PM


Group: Member
Posts: 189

QUOTE (Fred Bloggs @ Thursday 30/12/04 04:29pm)

GRY prospectus - broker's mates only & certainty

Fred Bloggs; from my post on HotCopper here is what might happen to your hard earned if you apply:

1. Your cheque gets promptly cashed.

2. You wait a month.

3. Several days after the issue has traded on the market you get your application money posted back.

Meanwhile you have not been able to use that money for a month. This is an outcome I have experienced when a small public offering encounters a rising share price.

Beware, this is very small offering at only $849,000. There may be friends of the broker or company already lined up (but not certain enough to do a placment) to take all of it and the public prospectus may be mostly a formality and insurance. Of course if the share price falls dramatically over the elapsed time your subscription will magically get filled and you get your shares.

Those buying on-market enjoy certainty. They are assured of holding the stock from day one of committing their hard earned and don't have to wait a month to cash up if circumstances change.

Starwoman, I am keen to hear you evidence for why you see GRY as a quality stock in the making heading along the lines of FCN (your post on HotCopper).
  Forum: By Share Code

Blue_Sky_Harvest
Posted on: Dec 30 2004, 08:08 PM


Group: Member
Posts: 189

QUOTE (ross46 @ Thursday 30/12/04 04:10pm)

Thanks Ross46, I used https://www.redcross.org.au/Donations/onlin...miDonations.asp
as suggested and it did connect through to a credit card form on a second page.

Just in case someone else needs to know; What had initially stumped me was that nowhere on the first page did it make any reference to making a secure online donation (just asked for personal details and the amount) and you don't know the credit card part is on the second page until you complete the first page.
  Forum: Off Topic Chat

Blue_Sky_Harvest
Posted on: Dec 30 2004, 03:55 PM


Group: Member
Posts: 189

In reply to: mminion on Wednesday 29/12/04 11:04am

Thanks for that link to the Red Cross mminion. It seems the Red Cross site does not provide a facility for credit card over the web (only by phone). Does any one know of reliable tsunami charities that take card over the web? I guess I could search the websites of the orgs balance gave
QUOTE
Care Australia 1800 020 046, Oxfam 1800 034 034, World Vision 13 32 40
but maybe someone knows already.
  Forum: Off Topic Chat

Blue_Sky_Harvest
Posted on: Dec 28 2004, 08:38 AM


Group: Member
Posts: 189

QUOTE (nestinvestor @ Monday 27/12/04 09:45am)

Thanks nestinvestor

88c for institutional and sophisticated investor clients of broker Southern Cross Equities is a bit of a slap in the face for loyal shareholders like you and I. KIM did the same with the capital raising for the last expansion when shares were around 40c a year or more ago. That time they were threatened with legal action as I recall. One bright spot is that after the prior stink over there being no SPP or rights issue the share price began to constantly rise to about triple. Hope the same happens again.

I am a small investor but KIMOA is my largest single holding and ten times my typical spend on a share such is my confidence in KIMs future. I am considering cancelling my first tranche sell order for 10,000 KIMOA at 72c (I last bought KIMOA at 55c - see below). Miles looks to have it all securly stiched up. Should be interesting when markets re-open Wednesday. I suspect KIM wont look back from here for quite a while. The Goddam Pindam has become the land of evermore.

The link was a bit shaky so I've copied the text of the article here:
QUOTE
Kimberley raises $48m to boost gem production
 
JANE WILLIAMS and NEALE PRIOR

Miles Kennedy's Kimberley Diamond Company has finalised financing and marketing arrangements for a $48 million expansion designed to generate a four-fold increase in production at its Ellendale operation.

The Kennedy-chaired Kimberley miner said a project debt facility, share placement and a new diamond marketing agreements with major retailers would underpin the expansion of the project, 140km east of Derby.

Mr Kennedy said the fully funded expansion would underpin Kimberley's future and represent a significant step by the company towards its objective of being a top-five diamond producer.

The latest batch of deals include an agreement to sell Ellendale output through a syndicate of diamond and jewellery industry participants that Kimberley says includes manufacturing centres and retail outlets in Tokyo, Osaka, Shanghai, Hong Kong, Bangkok, Antwerp, New York and Dubai.

A new diamond production plant is to be fully commissioned by April 30, 2006, with the expansion increasing the long-term production rate at Ellendale to 7.2 million tonnes a year from 2.8 million tonnes.

This would increase Kimberley's diamond production to about 700,000 carats a year from the current level of 120,000 carats a year.

A construction contract has been signed with Mine Plant Constructions Pty Ltd, which has built three of the four existing plants at the Ellendale and Blina sites and is building a plant for Kimberley offshoot Blina Diamonds.

Late penalties of $10,000 a day will kick in after this. The plant and related buildings, workshops and offices will cost a total of about $36 million.

Kimberley said it would install another $12 million in additional infrastructure, including the 180-hectare tailings dam, water storage dam, up to seven separate bores, new and upgraded roads to the plant site, and increased capacity at the existing mine village to accommodate 380 people

Finance for the expansion will be provided through the corporate and investment banking division of the Societe Generale Group.

This includes a project debt facility of $35 million, revolving credit facility of $6 million against which the company has drawn $4.5 million, and a performance bond facility of up to $7 million. The total loan facility will be secured by a security trust deed that includes a fixed and floating charge over Kimberley's assets.

As well Kimberley will be raising $17.6 million via a placement of 20 million ordinary fully paid shares at 88¢ each to institutional and sophisticated investor clients of broker Southern Cross Equities. The placement will dilute existing shares by 7 per cent and is expected to be settled by the middle of next month.

Kimberley shares closed 3¢ stronger at 99¢ on Friday.
QUOTE

8/12/2004 Buy  KIMOA  10000 0.55 19.95 5519.95 13/12/2004
15/11/2004 Buy  KIMOA  3000 0.76 0 2280 18/11/2004
29/10/2004 Buy  KIMOA  1200 0.63 19.95 775.95 4/11/2004
18/10/2004 Buy  KIMOA  5000 0.68 19.95 3419.95 21/10/2004
5/10/2004 Buy  KIMOA  5000 0.71 19.95 3569.95 8/10/2004
15/09/2004 Sell  KIMOA  2000 0.8 19.95 1580.05 20/09/2004
10/09/2004 Buy  KIMOA  5000 0.76 19.95 3819.95 15/09/2004
10/09/2004 Buy  KIMOA  5000 0.84 19.95 4219.95 15/09/2004
18/08/2004 Buy  KIMOA  2000 1.13 19.95 2279.95 23/08/2004
22/03/2004 Sell  KIMOA  500 1.33 19.95 645.05 25/03/2004
17/03/2004 Sell  KIMOA  500 1.2 19.95 580.05 22/03/2004
18/02/2004 Sell  KIMOA  2000 1.1 19.95 2180.05 23/02/2004
4/12/2003 Buy  KIMOA  2000 0.66 19.95 1339.95 9/12/2003
11/11/2003 Buy  KIMOA  1000 0.75 19.95 769.95 14/11/2003
23/03/2004 Buy  KIM  500 1.64 19.95 839.95 26/03/2004
21/01/2004 Sell  KIM  1000 1.12 19.95 1100.05 27/01/2004
6/10/2003 Buy  KIM  1000 0.66 19.95 679.95 9/10/2003

Attached image(s)
Attached Image

 
  Forum: By Share Code

Blue_Sky_Harvest
Posted on: Dec 14 2004, 09:18 PM


Group: Member
Posts: 189

QUOTE (wolverine @ Tuesday 14/12/04 08:30pm)

DeBeers spent so much for so long in Oz and came up with nothing - is KIM sufficiently endowed yet to fall prey? Cap $200M. How big could Ellendale really be?

If a placment is made to sophisticated investors at 80c I imagine that KIM will fall to match it. I got 10,000 options for 55c last Wednesday (8/12) - if KIM got to 80c then KIMOA (80c-35c) = 45c - I can't really see this happening but who knows.

Despite a number of good announcements, KIM has has certainly gone quiet the last four months compared to strong rises in response to a barrage of upbeat announcements in prior periods.

I have bought a couple of small lots of CQTO lately - nothing like a bit of nearology for when the KIM doldrums are over. I expect KIM the sleeping giant to roar.

Now look at me KIM, look at me, look at meeee..... I've got one word to say to you KIM.... "Cash flow"
Attached image(s)
Attached Image

 
  Forum: By Share Code

Blue_Sky_Harvest
Posted on: Nov 27 2004, 04:21 PM


Group: Member
Posts: 189

In reply to: trade4profit on Saturday 27/11/04 03:22pm

Here are my novice thoughts for what they are worth. The indications have been important but not worthy of the SP rise seen. 500m is probaby too deep to mine economically. Only up to 1% of the core to the depth reported was sulphide - so the Cu grade for this core is likely to be well below 1% - not econmic at these depths.

It is importasnt that TAS have probably found a new large iron breccia formation. This iron breccia may have a lot economic mineralisation somewhere in its large extent. It seems unlikely this hole has hit it though. It may be years before any new Olympic Dam in the possible new large iron breccia formation is found and it may not even be there.

If you are showing a profit on this one I'd take it - I did (probably too early). I sold my last vestige of TASO at 7c (bought around 1c from the sophisticated investors as they lightened their special placment pre drilling). PDYOR
Attached image(s)
Attached Image

 
  Forum: By Share Code

Blue_Sky_Harvest
Posted on: Nov 27 2004, 03:23 PM


Group: Member
Posts: 189

QUOTE (username @ Saturday 27/11/04 12:14pm)

I too hold NEOO - I am in at an average of 1c. I am a small investor and a relative newbie. For my own benefit I’m going to work through my experiences that lead me to the decision to continue to hold NEOO.
QUOTE
10/11/2004 B  NEOO  100000 0.012 19.95 1219.95
26/10/2004 B  NEOO  100000 0.009 19.95 919.95

Already I know all too well the pain of selling out too early. I bought 80,000 BSGO at 4c. It looked to me like a ‘no brainer’ because of the announcement of the URL Roseby copper handover and the lower BSGO exercise price that would result. I sold these BSGO the next day at 5c. I thought I had done well making $800 in one day (my target is to average $200 a day; 200 trading days in a year = $40K for the year and I am well on target so far).
QUOTE
8/10/2004 S  BSGO  10000 0.048 19.95 460.05
1/10/2004 S  BSGO  70867 0.05 19.95 3523.4
30/09/2004 B  BSGO  80867 0.04 19.95 3254.63

If I held those BSGO just a few weeks they would have made me $8,000 (ten times as much as the $800). Today my profit would be over $11,000 - BSGO have now increased from my 4c to 18.5c. Painful.

On the other hand, with STU, I sold half at $1.29. Arwon was unexpectedly a big disappointment and I wish now I’d sold the lot at $1.29 because my remaining half of STU is currently only worth 83c. Not so painful. Selling half can work.
QUOTE
25/10/2004 S  STU  1500 1.29 19.95 1915.05
28/06/2004 B  STU  3000 0.72 19.95 2179.95

But what about my 40,000 FCN bought at an average of 14c and jettisoned for 9c on 24-May-04 as a tax loss at the very bottom of their fall. I always thought FCN’s nickel prospect with WMR had a lot of promise and meant to buy FCN back (hopefully for less) but FCN got away from me and is now suddenly 81c. Over $25,000 missed on a stock I really did believe in. Drat.
QUOTE
26/05/2004 S  FCN  30000 0.088 19.95 2620.05
27/04/2004 B  FCN  15000 0.105 19.95 1594.95
7/01/2004 S  FCN  10000 0.15 19.95 1480.05
28/10/2003 B  FCN  4000 0.155 19.95 639.95
9/10/2003 B  FCN  4000 0.215 19.95 879.95

And 200,000 NDOO I bought for 0.003 and sold for 0.004, now 0.045 – a profit of $160 made, but a foregone profit of over $8,000 sadly missed. Double drat.
QUOTE
1/07/2004 S  NDOO  200000 0.004 19.95 780.05
27/04/2004 B  NDOO  200000 0.003 19.95 619.95

On just these four stocks I could have easily met my $40K financial year target if I continued to hold. So I am trying a new strategy with NEOO, now 2.8c which is over two and a half times what I paid (1c). I am trying a stop loss at 1.9c on NEOO with a sell limit to 1.8c.

I’ve not used stop loss till recently. I found the stop loss idea counter-intuitive. I mean why sell for 1.8c some time in the future when I can get 2.8c today. So previously I would have sold my NEOO for 2.8c on Friday (yesterday) when it all seemed ‘too good to be true’. But I now realise this market can take share values beyond “too good to be true” as evidenced by BSGO and NDOO (not to mention my similar experiences with CUE, TASO, VOY, LSG, BGFO and MNR). So I’ll look to move my stop loss up to a point that is just 0.001 below each dip or pause in the upward trend. How does this sound?

I suspect there is some deep message for me in all of these ‘held but sold too early’ experiences. The message may be that this is a truly exceptional market and any inexperienced mug like myself could make substantial money just by buying stocks with valid promise at historical lows and holding and holding and holding some more.

Maybe I should make a list of the stocks I truly believe in; Those I feel have great potential but are not properly recognised by the market; eg likely to include URL – number one, GRN, KIM, JML, AUZ, SKR, FXR, REM, BRW, COE, ROC, CMQ, TIR, MCR, KZL, SRI, GCR, MRC, GIP) and avoid the temptation to jettison them for a quick return. MRX and BMO are beginning to bear fruit for me just now – how long do I hold? – is stop loss the go?

The ‘truly exceptional market’ idea is borne out by my sold list. My ‘sold’ portfolio for this financial year is showing five times the profit of my ‘held’ portfolio. Length of time held is clearly a factor but there is certainly a message there. So stop loss is my new experiment. Hope it works out well. If you have read to here you must be a true believer. Go NEO. Go OPL (my OPL stop loss is 42.5c with a limit price of 42c). Good luck to all who hold.
Attached image(s)
Attached Image

 
  Forum: By Share Code

Blue_Sky_Harvest
Posted on: Nov 27 2004, 09:27 AM


Group: Member
Posts: 189

OK, worst case KIM raise the whole $50M through dilution.
KIM market cap is about $240M.
Suppose KIM issue around $1 (wanting to be generous to thier sophisticated investors) and again keep the mug punter out of the offer.
There are 226,104,999 shares Issued.
I can't really see much of a dilution effect at a 1:5 ratio. The $50M does not dissapear. It goes into expanding the business several fold. So the income should be increased by a few multiples. Money well spent on future earnings if you ask me.
  Forum: By Share Code

Blue_Sky_Harvest
Posted on: Nov 21 2004, 02:11 PM


Group: Member
Posts: 189

With this sudden burst in interest for GDA I wonder if the options (GDAOA 2c exercise) might move. Only for the brave I'd imagine but it really would confirm something is a foot with GDA. GDAOA are currently 0.1c (notated as 0.001) which means a million of them can be bought for just $1,000. Here are Friday's sales - looks like some larger parcels going through.
Attached image(s)
Attached Image

 
  Forum: By Share Code

Blue_Sky_Harvest
Posted on: Nov 20 2004, 02:49 PM


Group: Member
Posts: 189

In reply to: drrc on Saturday 20/11/04 07:30am

Thanks for that article drrc. It confirms my recent experience. I found the current Telstra buy back to not be worthwhile for me or my wife. In contrast, the Telstra buy back last financial year (before the tax office changed the rules) was a bonanza for her - wrote off around $14K in capital gain and gave her a big franking credit as well. This year's Telstra buy back took many hours over several sessions to estimate the outcome for us and came up as a complete dud under the new tax rules. We still hold some T1 (in at $3.30) and T2 (in at $7.40) but the fall of the numbers against existing incomes just didn't stack up this year.
  Forum: Investment Discussion

Blue_Sky_Harvest
Posted on: Nov 18 2004, 10:48 PM


Group: Member
Posts: 189

REM is a lonley stock to be on. No one posts here on Sharescene about REM but me and I made the first REM post Hot Copper has ever had just today.

But I'll enjoy the money that comes from the rise inevitable as the nickel earnings begin to flow now. I'm a small investor but I've been so convinced by REM numbers for current nickel mining I've got more than my usual parcel of $500 to around $2,000:
QUOTE
29/10/2004 Sell  REM  10000 0.34 19.95 3380.05
29/10/2004 Buy  REM  10000 0.32 19.95 3219.95
5/10/2004 Buy  REM  9686 0.37 19.95 3603.77
28/04/2004 Sell  REM  4686 0.52 19.95 2416.77
27/04/2004 Buy  REM  5000 0.5 19.95 2519.95
17/11/2004 Sell  REMG  5000 0.4 19.95 1980.05
29/10/2004 Buy  REMG  9300 0.35 0 3255
28/10/2004 Buy  REMG  5700 0.35 19.95 2014.95
8/10/2004 Buy  REMG  5000 0.381 19.95 1924.95
18/06/2004 Buy  REMG  5000 0.44 19.95 2219.95
27/04/2004 Buy  REMG  5000 0.51 19.95 2569.95

And to think my certainty was wavering and I had sold an inital parcel of REMG at just 40c yesterday to realise a tax loss against my very first parcel bought at 51c in April. Similarly sold some REM two weeks back with same aim and because I thought I had too much in one stock. With this spike and rise I'm now a convinced REM holder. Roll on yet another nickel take over. biggrin.gif
Also wonder why someone bought $1.5M worth of REM today.
QUOTE
Time(AEST) Price Volume Value Condition Codes
15:40:02 0.4500 3,512,749 1,580,737.05 SP
15:39:23 0.4400 50,000 22,000.00 
15:39:23 0.4350 14,500 6,307.50
15:32:19 0.4300 30,000 12,900.00

Attached image(s)
Attached Image

 
  Forum: By Share Code

Blue_Sky_Harvest
Posted on: Nov 18 2004, 08:44 PM


Group: Member
Posts: 189

Great, upward trend is holding. If KIM keeps going up 1% or 2% every day or so thats great.
A big spike would be just fabulous. biggrin.gif

The Turn of a Friendly Card (Part 2)

There are unsmiling faces in fetters and chains
On a wheel of perpetual motion
Who belong to all races and answer all names
With no show of outward emotion

And they think it will make their lives easier
But the doorway before them is barred
And the game never ends when your whole world depends
On the turn of a friendly card
No the game never ends when your whole world depends
On the turn of a friendly card wink.gif
Attached image(s)
Attached Image

 
  Forum: By Share Code

Blue_Sky_Harvest
Posted on: Nov 17 2004, 09:50 PM


Group: Member
Posts: 189

Chart looks promising for the new dawn of KIM

Keemo - The dawn (The Joker club mix).mp3

"If you think that heaven is lonely
Just because it turns so slowly...

.......higher, higher, higher....."

Is anyone else on this one?
Attached image(s)
Attached Image

 
  Forum: By Share Code

Blue_Sky_Harvest
Posted on: Nov 11 2004, 10:24 PM


Group: Member
Posts: 189

So pleased.
Where is HasPete?
Have been sweating on KIMOA through the dark KIM days.
Just want those higher highs and higher lows to all confirm.
I am the one and only KIMOA seller - should I knock that one out as well?
Imagine it - no sellers at all.
Waiting for the elevator ride.
aeon and bmi - masterpiece of emotion.mp3

In at an average of 78.2c - not fantastic but I'm very confident on this one.
My biggest stake ever - small time trader - looking for $1.15 very soon with $2 in a few months.
Growth on growth to fifth largest producer in the world with highest value per carat pipe in the world and many more pipes and alluvials in the pipeline. An alluvials zone here wiill be the Ellendale big win that will seal KIM forevermore. Godam pindam.

QUOTE
29/10/2004 Buy  KIMOA  1200 0.63 19.95 775.95
18/10/2004 Buy  KIMOA  5000 0.68 19.95 3419.95
5/10/2004 Buy  KIMOA  5000 0.71 19.95 3569.95
15/09/2004 Sell  KIMOA  2000 0.8 19.95 1580.05
10/09/2004 Buy  KIMOA  5000 0.76 19.95 3819.95
10/09/2004 Buy  KIMOA  5000 0.84 19.95 4219.95
18/08/2004 Buy  KIMOA  2000 1.13 19.95 2279.95

Attached image(s)
Attached Image

 
  Forum: By Share Code

Blue_Sky_Harvest
Posted on: Oct 19 2004, 11:01 PM


Group: Member
Posts: 189

Averaged down on MRX today. This is a stock with apparent potential in which I am yet to succeed. Mt Watson, Mt Earl. White Range Bankable Feasibility Study- good when it comes out - banks lined up. Copper replacing Nickel as the number one metal. So few small cap copper stocks. MRX is an experienced miner and will slip easily from Mt Cuthbert into White Range and then Mt Watson-Mt Earl.

QUOTE
19/10/2004 Buy  MRX  45000 0.077 19.95 3484.95
29/06/2004 Buy  MRX  45000 0.099 19.95 4474.95

Attached image(s)
Attached Image

 
  Forum: By Share Code

Blue_Sky_Harvest
Posted on: Oct 19 2004, 10:38 PM


Group: Member
Posts: 189

In reply to: mcnewf on Tuesday 19/10/04 05:39pm

mcnewf

I too have only been in a short while. Just under three weeks in DEGO. Sold today - a $310 profit or 23% profit in that short time looked good to me. I have not followed DEG so don't have sufficient knowledge or reason to hold. [In contrast I'm holding onto STU where I am 79% ahead in four months - I expect Arwon to deliver and plan for getting out between 100% and 150% profit on STU].

QUOTE
19/10/2004Sell DEGO 5000 0.335 19.95 1655.05
1/10/2004 Buy DEGO 5000 0.265 19.95 1344.95

Attached image(s)
Attached Image

 
  Forum: By Share Code

Blue_Sky_Harvest
Posted on: Oct 16 2004, 01:50 PM


Group: Member
Posts: 189

Yes, Merryfull

Sept-05 - from the Hong Kong presentation: -
QUOTE
COMBINED OXIDE & SULPHIDE OPERATION - ROSEBY FEASIBILITY OBJECTIVES
1. Examine options for 7 to 10MTPA throughput
2. Evaluate potential to treat combined oxide and sulphide in a single stream process
3. Examine downstream processing options– production of LME “A Grade” copper on site – Outokumpu, Electrometals, Intec
4. Complete study around end of September 2005 – Environmental approval process is the main determinant
5. If favourable outcome – production late 2006
6. 50-70,000 TPA copper + 20-25,000 ounces PA gold

Attached image(s)
Attached Image

 
  Forum: By Share Code

Blue_Sky_Harvest
Posted on: Oct 16 2004, 02:10 AM


Group: Member
Posts: 189

My current copper pick is URL. Over 100Mt of resource with 700,000 t contained copper at Roseby near Mt Isa. Feasibility study underway. Shallow soft ore and high copper price now probaly overcomes low grade. Some big higer grade intersections e.g. 186m @ 2.4% copper from near surface. Largest undeveloped copper deposit in Australia.

I got more URLO for 2.5c this week. See their recent presentation to Hong Kong investors - lots of colourful detail. Convincing. 50,000 TPA copper + 20,000 ounces PA gold. Free dig, low waste:ore ratio. Simple metallurgy - gravity and flotation. Market cap $10M (can you believe it!) - currently URL = 12.5c. There will be an awakening to URL as Bolnisi Gold (BSG) holders get their free entitilement. URLO exercie 20c 10-Jul-05 by which time feasibilty delivery anticipation will be hot. I expect to double or triple my money on URLO. Wish me luck or even join me if you want.

QUOTE
27/09/2004 Buy URLO 31405 0.025 0 $785.13
31/08/2004 Buy URLO 12500 0.021 19.95 $282.45
27/08/2004 Buy URLO 50000 0.03 19.95 $1,519.95

Attached image(s)
Attached Image

 
  Forum: By Share Code

Blue_Sky_Harvest
Posted on: Oct 13 2004, 11:40 PM


Group: Member
Posts: 189

My expectation is that sulphides will be visible in the core when the target depth is reached next week. Movement in the share price, particularly the options may herald this visible indication at the drill rig. The sulphides could turn up as barren when assayed.

I expect to stay in for the second hole. There are plenty of geological experts at SA mines Dept and the process of awarding tax payers money to private companies for their drilling is not taken lightly.

I see odds of about 1 in 100 to make about a 20 fold profit on this sort of target (cf MNR 10c to $2 in one day). Better than a lotto ticket. A lotto ticket becomes worthless immediately after the draw but my TASO will have a varying value till late 2005 (expire 28 Feb 2006 at 20c exercise). There will be more opportunities over the next year for me to get out breakeven if these holes are barren.
  Forum: By Share Code

Blue_Sky_Harvest
Posted on: Oct 8 2004, 01:35 PM


Group: Member
Posts: 189

BGF value their Sept-05 options at 3.77c (exercisable at 15c) using Black_Scholes method. BGF is currently trading at 10c. The options are only 1.5c.

Why are BGFO trading at less than half what the independent valuer calculates?

See BGF report today for the valuation detail.
  Forum: By Share Code

Blue_Sky_Harvest
Posted on: Oct 5 2004, 08:12 AM


Group: Member
Posts: 189

For the first time I realised how low the grades are. Went through prior reports and consistently low grades have always been a part of the PNA story. eg < 1% Cu and < 1 g/t Au fairly common through PNA reports.

Good thing they have shallow soft ore.
  Forum: By Share Code

Blue_Sky_Harvest
Posted on: Oct 2 2004, 09:46 PM


Group: Member
Posts: 189

QUOTE (FASTENYOURSEATBELT @ Saturday 02/10/04 08:47am)

FYSB, I am a fan of the fox. I have held FXR/FXRO off and on since 21/08/2003 when FXR was 22.5 cents. I try to step aside for the falls. I prefer FXRO now - it gives more leverage for the amount of money invested.

I nearly got caught without any fox last week. FXR is one stock I'd never want to be caught without. I'd sold my humble 5,000 FXRO when the dilution was announced. Thought the market would see the placement as a worse outcome than it did. I managed to get back in for $10 less than I got out (39.5c vs 40.5c). Lucky. Particularly considering that nickel held above US$7/lb for two nights in a row.

QUOTE
1/10/2004 Buy  FXRO  5000 0.395 19.95 1994.95
10/09/2004 Sell  FXRO  5000 0.4053 19.95 2006.55
3/05/2004                 Sell  FXRO  8000 0.31 19.95 2460.05
29/04/2004 Buy  FXRO  10000 0.28 19.95 2819.95
2/10/2003                 Buy  FXRO  3000 0.35 19.95 1069.95
8/03/2004                 Sell  FXR  2000 0.66 19.95 1300.05
19/09/2003 Sell  FXR  3000 0.42 19.95 1240.05
21/08/2003 Buy  FXR  5000 0.255 19.95 1294.95
FXR is a low cost producer. Mines are more stable than Kambalda. There is potential with Radio Hill for a Voiseys Bay accumulation to be encountered. FXR is producing (unlike some new starters) and grades are good - better than SMY's 2% I expect. Titan really blundered when they let go of Radio Hill. Nickel is the number one metal and FXR could become the number one new nickel miner.
Attached image(s)
Attached Image

 
  Forum: By Share Code

Blue_Sky_Harvest
Posted on: Sep 16 2004, 12:17 AM


Group: Member
Posts: 189

QUOTE (haspete @ Wednesday 15/09/04 09:43pm)

HasPete

I just reviewed all the recent KIM posts on HC and SS. You are in the minority. Nearly all of us are chufffed about buying low (some lower than others) in what has been a rare opportunity. It is clear Ellendale will grow and grow. The goddam pindam has become the land of evermore. KIM shareholders will be big winners. Good luck. I like your photos but can't agree with your views on KIM.
  Forum: By Share Code

Blue_Sky_Harvest
Posted on: Sep 13 2004, 08:30 AM


Group: Member
Posts: 189

Buyers and sellers piling in with prices both well above and well below Friday's close. Looks like an interesting day ahead.
  Forum: By Share Code

Blue_Sky_Harvest
Posted on: Sep 12 2004, 04:26 PM


Group: Member
Posts: 189

HasPete

I was not able to access page 79 of the West Australian - they don't sell individual copies over the web - only longer term subscriptions. However I did find a post on Hot Copper with a bit of detail:
QUOTE
Subject hartleys (sell, avoid)
Posted 12/09/04 13:34 - 46 reads
Posted by johnx
Post #364502 - start of thread - splitview
  
Stockbroker Hartleys said it saw little value in Kimberly, after the diamond miner slashed revenue forecast, by 30 per cent per annum over the next three years.
Hartleys said the downgrade reinforced its earlier concerns about development risk, uncertainty surrounding resource estimates and its low cash balance.
Kim has forecast a 38 per cent increase in capital expenditure to 78.5 million dollars over three years, but operating costs are expected to remain at similar levels.
Hartleys said shareholders were advised to SELL IMMEDIATELY and interested buyers should AVOID the stock until the feasibility study is delivered next month, and the ellendale stage 2 expansion is proven to be a winner.
Saturday September11,in the West Australian.
With recommendations like this it could be back to 40 to 50 cents. Stand back.
Namakwa shareholders may have to watch carefully as the credability of Simich could damge sentiment on this stock.


Monday should be interesting. Will it fall further? Will it rebound having had all the fall in one sudden burst? I think there is a lot of value in KIM's exploration success - particularly the alluvials. Could be a bargain for the taking.
Attached image(s)
Attached Image

 
  Forum: By Share Code

Blue_Sky_Harvest
Posted on: Sep 12 2004, 11:37 AM


Group: Member
Posts: 189

I'm looking at fallen angels amongst the nickel miners. TIR has a market cap of $50M. This seems high to me for the assets TIR has compared to other small nickel miners. Is it just one mine TIR have - Armstrong? It seems Armstrong only has just under 10,000 tonnes of Nickel. So TIR might get say $100M profit from Armstrong at about $30M a year over three years. Assuming an eventual PE of 3 this would give a market cap of $90M when TIR finally get there. But I get the impression there are other nickel miners with lower market caps who will be producing more tonnes of nickel per year.

Yes, TIR does look to have about $10M in the bank and several undeveloped deposits (Cooke, McEwan, Zabel, Widgiemooltha Townsite, Munda, Carr Boyd) that may become mines if the nickel price stays high for a few years. Maybe these yet-to-be-mined deposits are worth a lot – but how many years will the nickel price stay high? - is this stretching too far into the future compared to some other nickel miners who have more then one nickel mine on the go already. And bioheap? – new technologies are hard to value and often given little credence by the market (eg APG, INL, DMX). I can’t imagine why TIR had a market cap near $100M late last year through to May-04.

I am a small investor and hold 10,000 TIR bought at an average of 32.85c. I was considering doubling up my TIR at 26c to get an overall average of 29.4c but can now no longer see enough value to justify the $50M market cap compared to other choices. I’ll continue to hold TIR for the upside but am cancelling my order to buy more. Am I missing something?
QUOTE
6/07/2004 B  TIR  7000 0.3 19.95 2119.95
6/10/2003 B  TIR  3000 0.395 19.95 1204.95

Attached image(s)
Attached Image

 
  Forum: By Share Code

Blue_Sky_Harvest
Posted on: Sep 11 2004, 09:16 PM


Group: Member
Posts: 189

Thanks HasPete

To save others having to hunt it out, I'll post the article here. I was not aware of the harder ore and some diamonds still locked in cobbles on a stockpile. Guess that is one of the advantages of the alluvials - unconsolidated material, often pre-sorted to pockets of high quality loose sparklers.

The newspaper's bit about the exploration success is cute. Presents it as a problem because KIM failed to build the processing plant big enough. What a giggle - as if exploration success is a problem. It is a success not a burden - yet more cash will result once processing capacity is increased.

This monster down ramp of KIM is a gift to the Australian people. KIM may go lower yet but it wont last. This is a chance to get set at bargain basement prices in conjunction with this release of the news about these stunning successes.

KIM and BDI (through GRN) are having huge exploration success. The story just gets better and better. Sale prices increase, grades increase, new pipes are found AND...AND the alluvials are spectacular. Pipes 9 and 4 are only a part of what the total operation will become and the alluvials are a bonanza.

The goddam pindam has become the land of evermore. biggrin.gif

Whoever thought those tedious low sand dunes stabilised with light savanah woodland, tall grasses and ant hills could harbour such hidden wealth.

QUOTE
Kimberley hit over forecast revisions    
JOHN PHACEAS

Kimberley Diamond has been savaged by analysts after waiting almost two days to explain revised forecasts for its Kimberley mine that sliced 30 per cent from its share price.

Kimberley shares shed another 11¢ to $1.04 after a trading halt was lifted yesterday, taking their losses since Tuesday to 40¢.

The plunge was sparked by Kimberley's release late on Tuesday of a London presentation showing cash flows from its Ellendale mine over the next three years could be well below previous forecasts.

The briefing suggested a 30 per cent rise in the cost of a planned expansion at Ellendale, lower grades and a slower ramp-up could slash revenues by almost a third until 2007.

In July, Kimberley had said it expected to generate net cash flows of $14.8 million in 2005-06 and $72 million the following year. But the latest figures pointed to a $37.9 million deficit in 2005-06 and net cash flow of just $16.8 million the following year.

Kimberley yesterday issued a "clarification", saying the latest scenario had always been one of two envisaged for Ellendale.

While recovered grades at Pipe 9, where mining began in May, had been affected by harder than expected ore, extra crushing capacity would enable the recovery of diamonds still locked up in oversized material lying in stockpiles from November.

Similarly, recent exploration success indicated Kimberley may have to expand its processing capacity by substantially more than the six million tonnes a year currently envisaged. Ellendale is processing about 2.3 million tonnes of material a year to produce about 120,000 carats. But analysts said Kimberley had seriously erred by not releasing its statement earlier.

"The announcement should have come out when they put the presentation out - (especially) when there's that much of a discrepancy in your numbers," Patersons Securities analyst Rob Brierley said. "Management have done themselves no favours as far as credibility goes."

Attached image(s)
Attached Image

 
  Forum: By Share Code

Blue_Sky_Harvest
Posted on: Sep 11 2004, 06:22 PM


Group: Member
Posts: 189

Thanks Haspete - wont get to see that TV news but do you have any links to recent articles?

Can't imagine any problems at the mine - nothing to cave in or catch fire like underground coal.

May be better buying yet.
  Forum: By Share Code

Blue_Sky_Harvest
Posted on: Sep 11 2004, 06:04 PM


Group: Member
Posts: 189

A fabulous buying opportunity if you ask me.

Yes, KIM put out differing cash flow projections and the market is punishing KIM for espousing uncertainty. BUT KIM are making money. They are mining two cash flow positive pipes and the resource keeps growing. The news keeps getting better - prices realised for gems keeps going up. Many more pipes of KIM's or BDI's will prove to be economic.

But here's the big win for KIM. The alluvials. KIM has already found one of the alluvial channel systems and remarkable stones have come out of tests (8.44ct and 7.62ct). Weathering over millions of years concentrates diamonds in these channels. The weathered top of a pipe often has the best stones.

I'm a small investor. I usually buy around $2,000 lots - sometimes as low as $500. But with KIM I feel this is a rare opportunity worthy of a bigger chunk of money.

I'm buying KIMOA to increase my leverage. I'm the only one there today on the buy side. That's my sole order for 5,000 KIMOA at 64 cents. I bought two 5,000 share lots of KIMOA on Friday at an average of 80c.

QUOTE
10/09/2004 B  KIMOA  5000 0.76 19.95 3819.95
10/09/2004 B  KIMOA  5000 0.84 19.95 4219.95


That equates to KIM at $1.15, which is about the volume average of Friday’s prices on KIM (was $1.12). Maybe some insto is dumping big time and I'll look sad but I think instos don't throw money away. I suspect it is panicked mums and dads dumping KIM. With the weekend to research KIM out properly the result will be a bounce on Monday and up from then on.

It’s booming out there in the goddam pindam. These gravels will be a windfall. Remember the Smoke Creek alluvials at Argyle – pockets of diamonds concentrated in pockets by the flowing water. Just that here in the pindam stabilised dumes have hidden these riches – now discovered by the mighty Falcon.

Attached image(s)
Attached Image

 
  Forum: By Share Code

Blue_Sky_Harvest
Posted on: Aug 22 2004, 11:16 PM


Group: Member
Posts: 189

Puzzled by REM. They are underperforming other nickel players. Due to be producing this year and have a good lot of resources. Doing a SPP soon at 36c for $4M. Just got $2M from a placement at 36c. Market cap around $35M (maybe a bit high). Even so, hard to fathom the underperformance. I hold REMG plus a minimum of REM so as to be eligible for any SPP or like. 31,700 nickel tonnes at A$18,000 is worth A$570M and I imagine REM mining costs are not dissimilar to other Kambalda Nickel miners.
QUOTE
QUARTERLY REPORT
FOR THE PERIOD ENDED 30 JUNE 2004


  • Complexity on Beta 40C surface and additional development requirements delay Beta Hunt full production ramp by approximately three months. Improved outlook for September

  • Transition from contractor to owner operator successfully completed.

  • Final recommissioning activities completed in July - primary ventilation circuit upgrade
    completed early July with dewatering on schedule for the end of month.

  • Further encouraging intersections from drilling at East Alpha.

  • Initial reserve at Beta Hunt of 311,000 tonnes @ 3% (9,180 nickel tonnes) - resource
    upgraded to 770,000 tonnes @ 4.1% (31,700 nickel tonnes).

Attached image(s)
Attached Image

 
  Forum: By Share Code

Blue_Sky_Harvest
Posted on: Aug 13 2004, 10:20 PM


Group: Member
Posts: 189

I'm not voting with my feet. My feet are firmly planted with my small GRN holding. I'm waiting on the results of the drilling. Proof of concept awaits, now or in the future.

Here's to Stellar having a stellar performance. Journo's will love this one when it takes off. smile.gif
  Forum: By Share Code

Blue_Sky_Harvest
Posted on: Aug 13 2004, 10:07 PM


Group: Member
Posts: 189

Starrat, mate, mate, VRE are great biggrin.gif VRE are doing a reorganisation of capital. Shares are currently under VREDA - VIEW RESOURCES LTD DEF SET and have been consolidated 10 to 1 (see attachment). Things will be back to normal trading next Wednesday (18th August).

Starrat, mate, mate, VRE are great. Here are my VRE trades. I bought 125,000 VRE in the SPP at 4c. My final 20,000 VRE were sold at 10.5c.

5/01/2004 Sold VRE 20000 0.105 19.95 2080.05
2/01/2004 Sold VRE 20000 0.097 19.95 1920.05
17/11/2003Sold VRE 30000 0.082 19.95 2440.05
21/10/2003Sold VRE 30000 0.095 19.95 2830.05
20/10/2003Sold VRE 25000 0.081 19.95 2005.05
6/10/2003 Sold VRE 20000 0.079 19.95 1560.05
20/08/2003Bought VRE 20000 0.043 19.95 879.95

I think VRE are a great compnay. I'm waiting to get back in. I have bought a minimum parcel at 7.6c in case they launch a surprise SPP that is at a monster discount into a surging markey like the last SPP. biggrin.gif Nickel at Zone 29 and Bronzewing new way.

30/03/2004 Buy VRE 10000 0.076 19.95 779.95 (currently 61c after 10:1 giving me 1,000 shares)

QUOTE
13 August 2004 ZONE 29 COMMENCES ORE PRODUCTION

The Directors of View Resources Limited (“View”) are pleased to announce the first ore production from it’s Zone 29 nickel mine in Kambalda. The initial ore has been mined from the 1303 ore drive with an ore width of approximately 1.5 metres of massive nickel sulphide grading 12.4% Ni. The initial exposure was particularly pleasing given that the ore body model indicated an ore width of 2.0 metres grading 3% Ni.

The Zone 29 decline was commenced in March 2004. Production rates are planned to progressively increase until the mine reaches full production rate of approximately 4000 tonnes per month in December 2004. The first ore delivery from Zone 29 will be made to WMC’s Kambalda concentrator later this month.

Attached File(s)
Attached File  VRE_00450793.pdf ( 19.63K ) Number of downloads: 110

 
  Forum: By Share Code

Blue_Sky_Harvest
Posted on: Aug 13 2004, 09:00 PM


Group: Member
Posts: 189

Yes, GRN-ers will be winners biggrin.gif

this technology
this company
this management
this time, our time
this market
this commodity

GRiN biggrin.gif

And what about a new Broken Hill or a new Olympic Dam? even more to grin about rolleyes.gif
Attached image(s)
Attached Image

 
  Forum: By Share Code

Blue_Sky_Harvest
Posted on: Aug 9 2004, 08:32 PM


Group: Member
Posts: 189

Interesting you pick $3.30 as the price. I've had an order to buy at $3.30 in since mid-morning - didn't get filled. I really wonder if $3.30 will come up tomorrow or ever again.
Attached image(s)
Attached Image

 
  Forum: By Share Code

Blue_Sky_Harvest
Posted on: Jul 28 2004, 12:47 AM


Group: Member
Posts: 189

Gold going below support. Now $386.90. Could it be choppy times ahead?
Attached image(s)
Attached Image

 
  Forum: Macro Factors

Blue_Sky_Harvest
Posted on: Jul 23 2004, 10:47 PM


Group: Member
Posts: 189

Nickel down 8% in early trading tonight. Here are both LME and Kitco prices. Last drop was Chinese curtailment announcement. Now is it Greenspan? Certainly a flighty metal, is Nickel.
Attached image(s)
Attached Image

 
  Forum: Macro Factors

Blue_Sky_Harvest
Posted on: Jul 23 2004, 09:46 PM


Group: Member
Posts: 189

Yes it looks a bit grim for Ni tonight and then when ASX opens on Monday. Wonder what is causing it?
Attached image(s)
Attached Image

 
  Forum: By Share Code

Blue_Sky_Harvest
Posted on: Jul 18 2004, 10:34 PM


Group: Member
Posts: 189

Thanks Sinner, but I was not smart enough. Bought back in at 9.6c. I did not want to miss out on the potential rise that might be coming. And now MSC is around 9c.

Thanks for your info about the AFR article. Hopefully MSCs future will become clear in the near future.
Attached image(s)
Attached Image

 
  Forum: By Share Code

Blue_Sky_Harvest
Posted on: Jul 10 2004, 05:55 PM


Group: Member
Posts: 189

Good first post dlux. You are obviously knowledgeable. Welcome. Two key reasons why I bought LDRO:

1. Inexperience. I am a small investor new to trading – about one year. A hobby that has become a bit all too consuming.

2. A preparedness to purely gamble at the time. By last Christmas I had profits in just six months of $45,000 from about $100,000 and virtually no losses in my portfolio. It kept rising and in this frame of mind I bought LDRO. In fact I bought a whole pile of high risk options. I was concerned about tax. A double or nothing approach. The market had just risen and risen for me. Then the big April-May resources correction hit. I dumped my 1,000,000 GTMO at 0.01c as they became worthless. Several other of my options expired June 30 without a buyer. My profit had gone as high as $85,000 but fell to just $25,000 by the end of the 03/04 financial year.

I want to score a ten bagger. Maybe a fifty bagger. I’m keen to be like the Hot Copper poster who bought 1,000,000 OXR for 1c in the early days and still held his OXR at $1.

I reckon higher prices for metals, diamonds, oil and coal will persist for years to come. “In the next fifty years mankind will use five times the amount of resources mined in all of human history to date.” - the China, India globalization domino effect. This is happening already. China is building twenty new cities every year to provide a better standard of living to its vast rural poor. This will continue. India is next. The high metal prices will attract exploration $s.

New exploration capabilities and long unrealized ideas are now getting funded. What will result from this surge? At least one new world class deposit will be found In the next year or two or three or maybe it will take five. But it will happen. Maybe a junior explorer will be involved. I’d like to be holding that junior explorer. I’m seeking them out far more carefully now. I hold over one hundred stocks – largely metal mining and exploration. Usually in only $1,000 to $2,000 parcels. My emphasis is primarily on nickel, then copper, gold, oil and diamonds. I reckon GRN is probably one of the best odds for a multi-bagger. GRN-ers will be winners. But all boats will rise with the tide.
Attached image(s)
Attached Image

 
  Forum: By Share Code

Blue_Sky_Harvest
Posted on: Jul 9 2004, 11:08 PM


Group: Member
Posts: 189

This company now suspended and with and administrator in place. Looked good when the JV with WMC Resources got announced less than a month ago. What happened? LDR only floayed back in January 2004 as far as I can figure. How come they're bust?
I'd bought 30,000 options some time back. grrr.gif

QUOTE
July 2004
9th Appointment of Voluntary Administrator 
7th Suspension from Official Quotation 
5th Director Resignation 
5th Trading Halt 
June 2004
16th WMC Resources Ltd & LDR Enter into Pennty West Nickel JV
  Forum: By Share Code

Blue_Sky_Harvest
Posted on: Jul 8 2004, 12:07 AM


Group: Member
Posts: 189

Nickel is up again. Nickel is the number one metal.
Attached image(s)
Attached Image

 
  Forum: Macro Factors

Blue_Sky_Harvest
Posted on: Jul 7 2004, 11:24 PM


Group: Member
Posts: 189

Yes what a difference a day makes... Through the $400 mark. Gold not usually this volatile lately... What's up?
Attached image(s)
Attached Image

 
  Forum: Macro Factors

Blue_Sky_Harvest
Posted on: Jul 7 2004, 12:28 AM


Group: Member
Posts: 189

gold going south - verticle line

Currently dropping line a stone; 12:25pm Only a few dollars so far but strange to be decending vertically. Some US event perhaps?
Attached image(s)
Attached Image

 
  Forum: Macro Factors

Blue_Sky_Harvest
Posted on: Jul 2 2004, 09:56 PM


Group: Member
Posts: 189

BRW closed 4.9c today. Has it now broken out of the down channel? Fundamentals sound promising Kiwi.
Attached image(s)
Attached Image

 
  Forum: By Share Code

Blue_Sky_Harvest
Posted on: Jul 2 2004, 05:55 PM


Group: Member
Posts: 189

Found this useful SMH article: http://moneymanager.smh.com.au/articles/20...5461797499.html

QUOTE
The strategy To minimise capital gains tax.
How do I do that? Don't "forget" to declare your gains in your tax return. In a recent speech, the Australian Taxation Office's second commissioner, Jennie Granger, highlighted CGT as a major focus of the regulator. She said it will be stepping up its efforts to match information in tax returns with records on property and share sales.

However, investors can control when they incur CGT and plan to keep it as low as possible. This late in the year, for example, it may be worth deferring any asset sales until the new financial year - thus getting yourself an extra 12 months before you have to pay CGT. (However, NSW property investors will have to weigh this up against selling before June 30 to avoid the new vendor transfer tax.) As CGT is calculated at marginal tax rates, it can also pay to time sales for years when your income is low - such as after retirement or when you're taking parental leave.

Paul Maddock, the general manager for investments and technical services at MLC, says spreading the sale over several years can also help. This obviously won't work with an investment property, but if you want to sell share or managed fund investments it may be worthwhile selling part now, and part after July 1 to spread your CGT over two years. This works especially well if you are on less than the top marginal tax rate.

Maddock says you can also save by holding your investments for at least 12 months. If you do, only half the gain is taxed at your marginal tax rate - giving someone on the top tax rate a CGT rate of 24.25 per cent versus 48.5 per cent on other income and short-term gains.

What else can I do? Maddock says one popular strategy at this time of year is to sell poorly performing assets and use the capital losses to offset capital gains. Let's say Bob has sold some managed fund units and made a $6000 capital gain. As Bob is on the top marginal tax rate, he faces paying $1455 CGT on his profits (after applying the CGT discount for holding the units more than 12 months). But Bob also has some dud shares in his portfolio that he can sell to crystallise a $5000 loss. If he does this, his net gain falls from $6000 to $1000. After applying the discount, he pays CGT of $243 - a $1212 saving.

If you have gains on assets held for less than 12 months, Maddock says, you should use your losses to offset these first as you'd be taxed at double the rate on these gains. With shares and managed fund units, if you sell part of your investment, Maddock says you may also be able to elect which part of your portfolio has been sold to minimise CGT. He says switching to a different class of units within managed funds can also crystallise losses for CGT.

Can I buy the investment back again after I sell?
The ATO frowns on transactions made purely to obtain a tax benefit, so you may run into problems if you sell and immediately reinvest. This doesn't, however, mean you can't reinvest in the company or fund later.
If I have a big gain, will it all be taxed at the maximum rate? To calculate CGT, you effectively add the taxable part of the gain to your other taxable income. This means at least part of the gain may be taxed at more than your normal marginal tax rate. Even someone on a low income would be pushed into the top tax bracket by, say, a $150,000 capital gain. Unfortunately there's not a lot you can do about that.

Can I use tax deductions to reduce CGT?
Tax deductions reduce your taxable income and as such may reduce CGT. Maddock says a useful strategy for people who can make a tax deductible contribution to super is to put part of the proceeds of the investment sale into super to minimise CGT and boost your retirement savings.

As with other types of deductions, good record keeping is also important with CGT. Costs incurred in buying and selling your investment - as well as other capital costs - can reduce the capital gain you have to declare.
  Forum: Investment Discussion

Blue_Sky_Harvest
Posted on: Jul 2 2004, 09:28 AM


Group: Member
Posts: 189

Thanks Kiwi,

I never realised Foster's had ripped off the small investor like that. I recall one of my reasons for purchasing ALH off the float was an expectation that Fosters would do the best deal to the little guy (likely customers).

Often other companies with a broad customer base (eg Woolworths) have done very good deals for the mums and dads at the expense of the big end of town. Obviously not so with Fosters. To read that 33% went at $2 to selected institutions, while the mug punter Foster's shareholder paid $2.40 is awful. At least there were a few second rank institutions that paid $2.50.

I sold my ALH on Tuesday this week (29 June) for $2.42 which was break even. Missed yesterday's 10% rise. Up to then I’d always been losing money on my ALH. No wonder I was always losing money, institutions had 33% of the stock at $2 to unload. What a rip off Fosters!
  Forum: By Share Code

Blue_Sky_Harvest
Posted on: Jul 1 2004, 04:26 PM


Group: Member
Posts: 189

GDAOA may enjoy a revival from it's near death experieince with GDA falling to 0.004 recently. Drilling at Parker Range - 3m @ 167.2gpt Au from 40m - today's announcement 3:23pm.

QUOTE
Centenary
The reverse circulation drilling programme will be at the Centenary prospect, where high-grades were intersected in a recent hole, drilling directly beneath old stopes. CGRC02 intersected the lode, including ­ 3m @ 167.2gpt Au from 40m, 4m @ 16.1gpt Au from 49m, and 3m @ 3.2gpt Au from 59m. The Centenary Prospect is owned 100% by Gondwana under the Exploration Alliance with Sons of Gwalia Limited. It is centred on historic gold workings, about 20 km south of Marvel Loch (Figure).

Previous drilling directly beneath the workings is thought to be shallow and ineffective because holes mainly intersected old stopes. Seven RC holes for a total of 650m will be drilled in the Centenary program.

A new capital raising will be necessary to fund ongoing drilling programmes at Parker range. The Directors are considering options for a placement or rights issue and will make an announcement as soon as possible.

Attached image(s)
Attached Image

 
  Forum: By Share Code

Blue_Sky_Harvest
Posted on: Jul 1 2004, 09:41 AM


Group: Member
Posts: 189

Is AUOG the better buy? The gap between AUO and AUOG has been narrowing lately.

I switched my modest holding from AUO to AUOG recently and have seen nothing like the percentage gain I would have seen in my AUO over the last few weeks.

AUOG has an issue price of 55c with 9.5% payable on the 55c = 5.225c per AUOG. As I recall the AUOG's convert to AUO at 1:1.

Last trade AUO = 68c.
Last trade AUOG = 71c.
Shouldn't the gap be at least the 5c certificate payment?
When I bought my meagre 4000 AUOG at the start of June the gap was 10c. The gap had been around 10c for most of April and May. Guess this represents the premium for certainty in uncertain times.

QUOTE
31/05/2004 S  AUO  6000 0.58 19.95 3460.05
27/01/2004 B  AUO  2000 0.72 19.95 1459.95
3/06/2004 B  AUOG  4000 0.679 19.95 2735.95
8/04/2004 B  AUOG  2000 0.7 19.95 1419.95

Attached image(s)
Attached Image

 
  Forum: By Share Code

Blue_Sky_Harvest
Posted on: Jul 1 2004, 08:58 AM


Group: Member
Posts: 189

What a great start to the New Year on LME. ALL GREEN and some up 4% plus eg Nickel 4.7%. Let the good times roll in 2004/05.
Attached image(s)
Attached Image

 
  Forum: Macro Factors

Blue_Sky_Harvest
Posted on: Jul 1 2004, 12:01 AM


Group: Member
Posts: 189

Something foxy is a-foot. Huge volume in options not matched in ordinary shares and price held against a general market tide of June 30 selling. All began at 1:30pm. Pulsed again before close.

Wonder if the drillers are celebrating up there tonight at Radio Hill?

QUOTE
Today: 30-Jun-2004 Time(AEST) Price Volume Value Condition Codes
16:11:36 0.4000 100,000 40,000.00 
15:57:44 0.4000 2,450 980.00 
15:57:44 0.4000 17,550 7,020.00 
15:57:05 0.4000 2,450 980.00 
15:57:05 0.4000 37,550 15,020.00 
15:52:42 0.4000 12,500 5,000.00 
15:51:36 0.4000 3,000 1,200.00 
15:50:49 0.4000 37,000 14,800.00 
15:46:43 0.4000 9,950 3,980.00 
15:46:42 0.4000 50 20.00 
15:46:31 0.4000 7,000 2,800.00 
15:45:55 0.4000 20,000 8,000.00 
15:43:12 0.4000 9,000 3,600.00 
15:42:47 0.4000 13,950 5,580.00 
15:41:39 0.4000 20,000 8,000.00 
15:41:39 0.4000 20,000 8,000.00 
15:04:35 0.4000 5,000 2,000.00 
15:04:35 0.4000 20,000 8,000.00 
14:32:18 0.3900 11,000 4,290.00 
14:29:03 0.3900 19,000 7,410.00 
14:02:46 0.3950 50,000 19,750.00 
14:01:25 0.4000 20,000 8,000.00 
14:00:39 0.4000 30,000 12,000.00 XT
13:59:39 0.4000 10,000 4,000.00 
13:57:56 0.4000 25,000 10,000.00 
13:52:54 0.4000 5,000 2,000.00 
13:52:28 0.4000 20,000 8,000.00 
13:51:19 0.4000 20,000 8,000.00 
13:50:55 0.4000 10,000 4,000.00 
13:43:10 0.4000 20,000 8,000.00 
13:40:39 0.3900 6,195 2,416.05 
13:40:39 0.3900 15,000 5,850.00 
13:40:21 0.3900 250,000 97,500.00 XT
13:40:10 0.3900 32,205 12,559.95 
13:40:10 0.3900 20,000 7,800.00 
13:40:10 0.3900 26,600 10,374.00 
13:39:42 0.3900 23,400 9,126.00 
13:39:09 0.3900 26,600 10,374.00 
13:38:57 0.3900 3,400 1,326.00 
13:38:48 0.3900 46,600 18,174.00 
13:38:35 0.3900 3,400 1,326.00 
13:38:17 0.3900 40,000 15,600.00 
13:38:11 0.3900 6,600 2,574.00 
13:38:06 0.3900 23,400 9,126.00 
13:37:46 0.3900 26,600 10,374.00 
13:36:43 0.3900 13,400 5,226.00 
13:36:19 0.3900 10,000 3,900.00 
13:36:15 0.3900 26,600 10,374.00 
13:36:12 0.3900 23,400 9,126.00 
13:36:06 0.3900 10,000 3,900.00 
13:36:06 0.3900 16,600 6,474.00 
13:35:21 0.3900 8,400 3,276.00 
13:35:09 0.3900 20,000 7,800.00 
13:35:04 0.3900 21,600 8,424.00 
13:35:03 0.3900 8,400 3,276.00 
13:35:00 0.3900 20,000 7,800.00 
13:34:55 0.3900 21,600 8,424.00 
13:34:52 0.3900 28,400 11,076.00 
13:34:49 0.3900 21,600 8,424.00 
13:34:46 0.3900 8,400 3,276.00 
13:34:41 0.3900 40,000 15,600.00 
13:34:29 0.3900 1,600 624.00 
13:34:14 0.3900 38,400 14,976.00 
13:34:05 0.3900 10,000 3,900.00 
13:33:43 0.3900 1,600 624.00 
13:33:40 0.3900 38,400 14,976.00 
13:33:26 0.3900 11,600 4,524.00 
13:33:00 0.3900 38,400 14,976.00 
13:32:34 0.3900 10,000 3,900.00 
13:32:34 0.4100 1,600 656.00 
10:53:36 0.4100 10,000 4,100.00 
10:41:09 0.4050 18,400 7,452.00



Attached image(s)
Attached Image

 
  Forum: By Share Code

Blue_Sky_Harvest
Posted on: Jun 30 2004, 09:21 AM


Group: Member
Posts: 189

Yes Cooper, certainly convincingly below $400. Gold was begining to look promising. Wonder what is next.
Attached image(s)
Attached Image

 
  Forum: Macro Factors

Blue_Sky_Harvest
Posted on: Jun 30 2004, 09:12 AM


Group: Member
Posts: 189

Profit upgrade - $30 million greater than the forecast of $13.6 million.

May be a bright spot on what will likely be a down day for metal miners - gold, nickel, copper etc all down - many by 2%

QUOTE
ZINIFEX PROFIT UPGRADE
Zinifex today announced that, subject to there being no major unforeseen changes in operations and/or prices, its forecast profit after tax for the June quarter would be an estimated $30 million greater than the forecast of $13.6 million contained in the IOM and Prospectus.

This better than expected result for Zinifex’s first quarter since listing arises from a combination of higher Australian dollar metal prices and lower depreciation and amortisation costs.

Attached image(s)
Attached Image

 
  Forum: By Share Code

Blue_Sky_Harvest
Posted on: Jun 29 2004, 01:08 AM


Group: Member
Posts: 189

Have been systematically clearing my loser stocks. Have worked my way down to those loosing only $400. Typed in my sell for LRL at 29c to clear it. Thought I'd check what LRL was about as I only had a rough notion of yet another Oz explorer going to make it big in China.

Read a bit and promptly cancelled my sell order. unsure.gif If I read correctly this may be an amazing bargain at 31c (cap $37M). By government supported aquisition it now seems as if LRL owns 70% of a huge deposit in Nthn Chnia. Reminiscent of GIP in the early days.

Sounds a remarkable buy. I wonder what the Au and Cu grades are? Wonder how deep it is? Any one familiar with LRL or the Duobaoshan Porphyry Copper Project?

QUOTE
Duobaoshan Porphyry Copper Project

Duobaoshan is a large polymetallic porphyry copper project located in the eastern Tien Shan belt. It was discovered in 1958 and ranks as one of China's largest undeveloped copper projects. 

Exploration has involved various drilling campaigns during the 1960's and 1970's which has
lead to the reporting of a geological resource (including the nearby Tong Shan deposit) total in excess of 951Mt containing over 4.5 million tonnes of copper, 3.9 million ounces of gold, 152,000 tonnes of molybdenum and 62.5 million ounces of silver, although this resource does not meet Australian resource reporting criteria.

Attached image(s)
Attached Image

 
  Forum: By Share Code

Blue_Sky_Harvest
Posted on: Jun 27 2004, 10:27 PM


Group: Member
Posts: 189

To loosely quote Skinner - In the next fifty years mankind will use five time times the amount of metal that has been mined in the whole of human history to date.

With China building 20 new cities every year to re-house rural poor, and India to follow, I'm into Nickel and Copper.

Good idea for a thread Livas1 - hope it attracts lots of insightful posts.
  Forum: Investment Discussion

Blue_Sky_Harvest
Posted on: Jun 23 2004, 11:13 PM


Group: Member
Posts: 189

Here is a thread within a thread. It comes from HC way back between Christmas and New Year (heady days of burgeoning profits). This HC thread has a lot of tax discussion.

Thanks to andyc below, one of the puzzles it grapples with (ATO definition of trader vs investor) is solved by his link [ ATO - Share Trader - Fact Sheet ]. Thanks andyc.
Attached File(s)
Attached File  Xmas03_Tax_Hot_Copper.pdf ( 156.91K ) Number of downloads: 144

 
  Forum: Investment Discussion

Blue_Sky_Harvest
Posted on: Jun 21 2004, 11:51 PM


Group: Member
Posts: 189

Can't see enough margin in this SPP for me to buy into it just for the SPP benefits alone.

1:8 means that:
if the efective discount is 8c per SPP share puchased (option = 5c, share discount = 3c)
then efective discount is 1c per original share owned

1c SPP return for a 23c share is only about 4% - not enough margin for me.

Mind you MOS does look promising from my cursory read - gas and contracts. But I'm focused on other things at presnet and don't have time to research through MOS properly. Good luck to all who hold MOS.
Attached image(s)
Attached Image

 
  Forum: By Share Code

Blue_Sky_Harvest
Posted on: Jun 19 2004, 12:49 AM


Group: Member
Posts: 189

Looks promising for all those sad gold stocks I hold. Could the "$500 in 2004" prediction finally be about to be realised?
Attached image(s)
Attached Image

 
  Forum: Macro Factors

Blue_Sky_Harvest
Posted on: Jun 19 2004, 12:19 AM


Group: Member
Posts: 189

Starwoman

Have you really sold your SKR? But you did so much research in choosing SKR. Tell me it is not too late - do you still hold and plan to sell on Monday? I wouldn't. Think again. SKR came through the recent correction unscathed - hardly dipped. Mind you I have only $2K in SKR - you may well have a serious amount of money given all the research you did, in which case a gamble is not appropraite.

I would not want to have a portfolio without SKR. They have 10 bagger potential plus. Certainly a gamble but in a balanced portfolio SKR and GRN are must-haves for me.

I can't see the reason for the 20% rise today - a meeting and giving directors options is ordinary. The time of year is important with SKR - weather-wise field work is in full swing and a discovery is liable to be made.

Mind you it is good to see Tom Reddicliffe get recognised. The discovery of Merlin was a great piece of geological detective work as I understand. There would be few with such a long history of diamond exploration.

QUOTE
The Company was very pleased to advise of the appointment of Mr Tom Reddicliffe to the board. His appointment coincides with the acquisition of the Merlin Diamond Project from the Rio Tinto Group. Mr Reddicliffe has been Striker’s General Manager, Exploration and Evaluation for the past three years and has over twenty-eight years of diamond industry experience in both exploration and evaluation. 

As Australian exploration manager for Ashton Mining, Mr Reddicliffe was directly responsible for the discovery of the Merlin Diamond Mine in the Northern Territory. 

He participated in the Kimberley exploration programmes with the Ashton Exploration Joint Venture which led to the discovery of the Argyle and Ellendale pipes, and was also involved in the early evaluation of both deposits.

Sepplet and the surrounding ground is promising and now SKR have Merlin surrounds as well. Of all the small diamond explorers SKR have the highest probability of the big one.

Everything comes to those who wait. Blessed are the meek for they shall inherit the earth.

SKR as a gambling stock could easily be one that
QUOTE
will leave lots of people very disappointed and with sad sack stories of how they were in at such an such a figure and got out or they had the chance to get in and did not etc etc.
If you have a few they could make you eyes weep with happiness some day.
What a ramp! But what great potential!
Attached image(s)
Attached Image

 
  Forum: By Share Code

Blue_Sky_Harvest
Posted on: Jun 18 2004, 09:17 PM


Group: Member
Posts: 189

Nickel wont let up. It's on again. Couldn't get the tedious work done last night. Now again tonight Nickel will be a big distraction. Ain't it exciting.

Notice REM went up today like most Nickel stocks. REMG with it's secure interest is priced the same as REM and hardly traded today. I'm looking for the REMG interest rate and terms versus the likely REM dividend.

US$6.799c/lb = US$15,230 = A$22,225 Is it really this high? If $A22k per tonne holds I imagine a lot of Australian nickel miners are soon going to have a much higher market cap. Amazing. A$1 = US$0.68525
Attached image(s)
Attached Image

 
  Forum: Macro Factors

Blue_Sky_Harvest
Posted on: Jun 17 2004, 11:52 PM


Group: Member
Posts: 189

Nickel miner REM has not yet rebounded like many other nickel miners or near nickel miners. Other candidates in this "unrecovered" category are AUZ (one mine yet to show the money) and TIR (mangement issues).

Below is a plot of most small cap nickel miners or near nickel miners. REM is black at 42c on the right hand end (most recent price) - the REMG is the red line tracking REM.

AUZ is red finishing at 13.5c.
TIR is blue finishing at 28.5c
TTR is green finishing at 26.5c

What is your pick for the small cap nickel miner or near nickel miner with the most upside?

FXR, SMY, MCR, IGO, MPM, JBM and even VRE have all already had a kick up in price over the last few weeks. BRW at only 4.2c is not on the chart - it is also "unrecovered".
Attached image(s)
Attached Image

 
  Forum: By Share Code

Blue_Sky_Harvest
Posted on: Jun 17 2004, 10:30 PM


Group: Member
Posts: 189

What a jolt. To log on and see Nickel like this. How will I focus on my mundane number crunching tonight? Market of dreams....
Attached image(s)
Attached Image

 
  Forum: Macro Factors

Blue_Sky_Harvest
Posted on: Jun 14 2004, 05:57 PM


Group: Member
Posts: 189

Thank you for the replies Badfish, One Fat Lady, Kura and mme – they are helpful as background to where I might stand before I seek professional advice.

Does any one on ShareScene have any “illegal” losses?
Allow me to elaborate. Another topic of interest is the issue of realising a tax loss. Apparently, if a tax loss is the prime intent then the activity causing the tax loss is illegal. I have made some losses lately but figure they are not illegal losses.

Considerable discussion transpired after the notion of “tax loss selling” was put forward in relation to the MCR downturn on Hot Copper last weekend. I’ve attached that HC thread below for reference. The tax loss selling idea comes up about a third of the way into the thread.

I am interested in any comments. Has anyone ever been tackled by the ATO about this issue?

QUOTE
As for myself, I am new to trading and, up to now, simply bought and then sold a while later when the price was higher. However, I have found the recent market correction in my holdings (largely metal stocks) quite frustrating – I was not getting any new funds to re-invest.  My hobby had become deadlocked.  So I have been trying other ways to buy and sell or visa-versa to turn a profit. For example, I sold at a loss many of my Nickel or Gold stocks that were up to 40% down and bought them back cheaper as they continued to fall.  Another tactic was to submit buy and sell spreads on oscillating stocks that I owned.  These new methods have turned out to often be successful and produced new profits, all-be-it a very small profit in many cases.  However a tax loss, was an incidental by-product of these trades. 

My understanding is that because my primary intent was not about tax loss I have not been acting illegally.  My primary intent was to keep my hobby alive, as my trading activity had otherwise stagnated in the falling market.  I also sought to turn a profit however small so my hobby remained sustainable and to improve the appearance of my portfolio (I am aiming for it to be green again by June 30).

Attached File(s)
Attached File  Are_your_losses_illegal.pdf ( 126.77K ) Number of downloads: 152

 
  Forum: Investment Discussion

Blue_Sky_Harvest
Posted on: Jun 14 2004, 01:02 PM


Group: Member
Posts: 189

Suppose I bought a company option to buy shares (eg GTMO, CFRO, DIOO, BLNO, DMXO). Suppose I hang onto my BLNO or DMXO until expiry of the option and choose not to exercise the option because the ordinary shares (eg BLN or DMX) can be bought more cheaply on market. i.e. the option expired wothless.

Can I claim a tax loss on the purchase price of that option?
  Forum: Investment Discussion

Blue_Sky_Harvest
Posted on: Jun 12 2004, 01:17 PM


Group: Member
Posts: 189

Thanks for an informative and useful post Sinner. More delays but not fatal.

I sold my MSC just before noon on Thursday for 9.8c.
What do you know? MSC then rose to 10.5c. Closed 10c on Thursday and 10c again yesterday (Friday). Isn't it always the way. mad.gif So when is the AIM listing? Next week? Or is the AIM listing way off or a furphy?

I am now waiting to get back in at a lower price - although I might abandon MSC altogether - seems to be taking a long time and it is a one project company.

Overall I'm probably ahead on MSC. This last lot of my MSC was from the SPP - purchased at 11.42c.

Here's most of my MSC trades - those I can easily find:

QUOTE
10/06/2004 Sold MSC 26270 0.098 19.95 2554.51
SPP 11.42c Bought 26270
23/04/2004 Sold MSC 20000 0.13 19.95 2580.05
21/07/2003 Bought MSC 10000 0.1 0 1000

Attached image(s)
Attached Image

 
  Forum: By Share Code

Blue_Sky_Harvest
Posted on: May 31 2004, 11:13 PM


Group: Member
Posts: 189

Yes impressive gold grades. This is the sort of country it can happen and locked up in the access wilderness for so long. Only five or so years back a prospector collected one 44 gallon drum of rock from near Tennant Creek that when driven to Darwin on the back of his ute and processed, had $1M of gold in it.

I had this recurring day dream about GTM as I held my 1,000,000 GTMO. The drilling got like butter and the core spilt revealed 3 meters of a single huge nugget. Worlds largest. GTM soared way over the 10c exercise price. Pity it was only a day dream.

So I listed for sale my 1,000,000 GTMO for 0.1c (=$1,000) at a $5,500 loss first thing this morning. My only consolation is that even after the high grades announcement came out at 2:35PM so many others sold as well. Guess some got spooked by the ''exercise of options" announcement that came out at 2:18PM. Is there anything in the timing? Good luck to those who bought or hold GTMO. 0.2c looks a real possibility tomorrow.
Attached image(s)
Attached Image

 
  Forum: By Share Code

Blue_Sky_Harvest
Posted on: May 29 2004, 10:46 AM


Group: Member
Posts: 189

It looks like Nickel went up about 1.6% last night but I'm not sure. Not good news for me as I sold all my 72,000 AUZ at average 13.2c on Thursday planning to buy back as I expected AUZ to continue to fall lower. I originally enterred AUZ at an average of 22.17c, some in Oct-03 but mostly March this year.

But unexpectedly for me AUZ continued to rise and closed yesterday at 14.5c after reaching 15.5c. It was a surprise for me as AUZ has been out of market favour. AUZ is a one mine company that is yet to show the earnings money in the balnace sheet and recently got safety compilance barries from the government. An announcement about plans to meet those government issues in a backgound of recent Nickel price firming seems to have triggered the current AUZ rise. I hope it does not last. I need a correction back to 13.5c for my comfort.

I had difficulty getting LME prices this morning but they have come up now. For a while there most metals were missing on my usualy site of LME metal prices
QUOTE
GOLD 

GTIS Forex Gold Index 393.40 1.00  0.3 


London Metal Exchange 

Aluminium Alloy Cash Unofficial CLOSE 1520.00 0.00  0.0 

Aluminium Alloy 3mo Unofficial CLOSE 1545.00 2.50  0.2 

Primary Aluminium Cash Unofficial CLOSE 1666.50 7.50  0.5 

Primary Aluminium 3mo Unofficial CLOSE 1680.50 11.00  0.7 

Copper Cash Unofficial CLOSE 2831.00 15.00  0.5 

Copper 3mo Unofficial CLOSE 2772.75 16.75  0.6 

Lead Cash Unofficial CLOSE 908.50 2.00  0.2 

Lead 3mo Unofficial CLOSE 836.50 6.00  0.7 

North American Special Alum Alloy Cash Unofficial CLOSE 1620.00 10.00  0.6 

North American Special Alum Alloy 3mo Unofficial CLOSE 1645.00 10.00  0.6 

Nickel Cash Unofficial CLOSE 12130.00 197.50  1.7 

Nickel 3mo Unofficial CLOSE 12075.00 187.50  1.6 

Tin Cash Unofficial CLOSE 9625.00 400.00  4.0 

Tin 3mo Unofficial CLOSE 9075.00 350.00  3.7 

Zinc Cash Unofficial CLOSE 1092.50 14.00  1.3 

Zinc 3mo Unofficial CLOSE 1110.50 14.00  1.3 


New York Board of Trade 

A cross check I tried was Kitco Base Metals but that is confusing - shows LME Nickel went down US$156 to US$11844 - may be they don't update very often.

This Kitco site has Nickel in US$ per pound - I guess multiplying by 2204.6226 gives the equivalent of what is quoted on LME (tonnes). But this is not straight forward. The figure now of US$5.4726 per pound X 2204.6226 (pounds per tonne US) = US$12,065 per tonne, which is close to what I got from LME above. Has any one got a sure cross check?
Attached image(s)
Attached Image

 
  Forum: Macro Factors

Blue_Sky_Harvest
Posted on: Apr 21 2004, 12:25 AM


Group: Member
Posts: 189

Could there be some rumblings of movement for IVK? - Gahna gold, market cap $17M. 4m@47g/t and 13m@17g/t are highlights. Large extent with lots around 2g/t. Is this a mine in the making? Will there be some JORC resources soon?:
QUOTE
An RC drilling programme is planned for late January 2004. The purpose of the RC drilling will be to define a significant gold resource, following guidelines set-out in the JORC code.

High-grade mineralisation in the central portion of Area 3, intercepted in previous RC drilling, was confirmed during the drilling program with best results returned including 13 metres grading 17.84 g/t Au and 9m grading 3.04 g/t Au.  Significant mineralisation was intercepted on each RAB traverse in Area 3 and mineralisation has been intercepted over a strike length of over 700 metres. Further significant mineralisation was intercepted beneath the previously untested cover between Area 3 and Area 2. Best results returned include 5 metres grading 3.3 g/t Au and 8 metres grading 2.13 g/t Au.  Significant results from Area 2 and Area 1 includes 13 metres grading 1.31 g/t Au, 4 metres grading 1.29 and 4 metres grading 1.40 g/t Au. Refer to the attached maps for full details of the drilling programme and significant results over the entire 4.5km of identified gold mineralisation.

Attached image(s)
Attached Image

 
  Forum: By Share Code

Blue_Sky_Harvest
Posted on: Apr 17 2004, 05:39 PM


Group: Member
Posts: 189

I sold down my small GGN holding recently to be a minimum parcel. This was at a small loss (bought 30c, sold 27.5c) as I intend to participate in the SPP at 25c and needed some cash. The SPP closes Friday 30th April.

I got a letter early in the week telling me that to apply I should complete the attached Entitlement and Acceptance Form. Problem is there was no Form in the envelope - just the letter. I promptly sent an e-mail querying this but have not yet got a reply or got the Form. Has anyone else had this GGN SPP experience?

2/04/2004 Sold GGN 5,000 0.275 $19.95 $1,355.05
10/12/2003 Buy GGN 7,000 0.30 $19.95 $2,119.95
Attached image(s)
Attached Image

 
  Forum: By Share Code

Blue_Sky_Harvest
Posted on: Apr 17 2004, 04:50 PM


Group: Member
Posts: 189

I let the MTH SPP pass me by. The SPP was at 40c (for up to $5,000) and closed yesterday (16/4/04). MTH did not trade yesterday. Last trade was 40.5c. Current seller is 42c.

This stock has perhaps a lot of potential with it's association with BHP. I'd expect a lot of Nickel brains trust to be going in to MTH. But there are lots of SPP's about, some with production, some with good resources in the ground. And MTH is only an exploration spec with no resources yet. So I let the MTH SPP pass me by.

Maybe I'll pick it up under 40c if some SPP participants suddenly find they need the money by the time they get their allocation. I will try to be watching MTH for weakness under 40c. Mind the market cap though - $12M seems a high to me for a pure spec - perhaps factoring in the $4M cash they have (pre SPP I think) and the quality of new ideas and new ground.

Here is a quote from the April Blue Book ( thanks cdchi1 for the link April Blue Book ):

QUOTE
�� Projects: MTH has a portfolio of tenements in the Musgrave, Gawler, Arunta and Fraser Mobile Belt geological provinces. The recent emphasis has been on establishment of the new joint ventures with BHP and planning of new work programs, which will include drilling of new targets. MTH retains 100% of Streaky Bay following BHP's withdrawal while a work review for the Plumridge Project with Falconbridge is being reviewed.

�� Potential: Apart from the three active JVs with BHP, that amount to a substantial funding package of $15M, MTH has a number of other projects in South Australia, WA and NT. While its projects are at relatively early stages at this point, the quantity and quality of holdings provides good potential for a significant discovery. Such an event would propel the company to the next stage of its development. Meanwhile, its work is worth watching closely, including the generated targets of Barrow Creek.

�� Overall: MTH is well placed to carry out its exploration strategy of targeting high risk/high reward Voisey's Bay style, nickel sulphide mineralisation. The formula is to secure tenements, carry out early stage exploration before organising JV partners to fund the drilling stage. A close relationship with BHP as both a major shareholder and JV partner is a strength, while other majority shareholders have provided funding support.

Attached image(s)
Attached Image

 
  Forum: By Share Code

Blue_Sky_Harvest
Posted on: Apr 17 2004, 04:17 PM


Group: Member
Posts: 189

Would you buy a used car from this man? ...a football team? ARO had a peculiar rise on Friday. No announcement. Recent dud SPP. Could this be some sort of manipulation? Or could Joé Gutnick's vision be in the process of realisation? Or are more mug punters simply being lined up for another nasty surprise?
Attached image(s)
Attached Image

 
  Forum: By Share Code

Blue_Sky_Harvest
Posted on: Apr 17 2004, 03:43 PM


Group: Member
Posts: 189

But how will we sell our RBK shares once they delist from the ASX? I have only a minimum holding:

6/01/2004 Buy RBK 700 0.77 $19.95 $558.95

which is currently running at about $100 loss.

Do I get out now with a loss while I have the where-with-all in place to sell RBK at only $19.95 commission? Or do I hang on for a year or more in the expectation that RBK will rise dramatically. And at some stage in the future figure out how to sell shares in Canada?

Does anyone know if RBK is proposing to offer any support to small shareholders to sell once RBK delists from the ASX?

I imagine it could be a big time waster to:
  • research, choose and set up a Canadian share trading account and
  • set up a Canadian bank account to link to it and
  • transfer $A to $C and visa versa and pay lossess in currency changing and
  • Canadian commissions may be a lot more than $19.95
Suppose things go really well SP wise and RBK did double by listing in Canada. After all the costs involved the gain on a minimum parcel may all be lost to Canadian bankers and Canadian brokers in set up costs, fees and commissions. Not to mention the time to search it all out and fill forms etc. Time I don't have.

Lets hope RBK is one of the only companies to desert Australian shores. I commend AVL in maintaining a dual listing.
Attached image(s)
Attached Image

 
  Forum: By Share Code

Blue_Sky_Harvest
Posted on: Apr 17 2004, 12:40 PM


Group: Member
Posts: 189

GDAOA expire Dec-04 with an exercise price of 2c. The last trade of GDAOA was at 0.1c but it was a long time back. GDA has been in a downtrend for some months now and currently trades at 0.9c. GDA has gold properties and its Golden Virgin has a promising small resource. Nickel or even diamonds are a possibility. Historical data mining is in progress. Market cap is $4.2M. Here is an excerpt from the April Blue Book:
QUOTE
�� Projects: The high grade (6.1g/t) Golden Virgin (GV) resources have been increased to 11,800oz (indicated) following the initial RC drill program of 36 holes and almost 3,000m. The next phase of drilling will complete the definition of the shoots prior to a final mining feasibility. GDA has identified more than 30 advanced gold targets from a detailed data review and will be drilling a number of these in the months ahead. Results are pending following initial drilling at Buffalo and Centenary.

�� Potential: The focus at this stage will be to realise some of the potential that Parker Range and the Yilgarn district have to offer. The GV Shoot remains open at depth and along strike and it is very encouraging to see the new, adjacent Eastern Shoot identified, where a strike of 90m remains open. Other prospects in the vicinity, such as Merrall's Gully and McGowan's Find Hill will also be subject to drilling. The Pilbara tenements are prospective for a variety of minerals.

�� Overall: GDA's exploration work has got off to a good start at Parker Range, following the acquisition of the well located tenements in 2003. Increased resources at GV take the total resource, including Buffalo's 33.2Koz to 45Koz. Funds are sufficient to progress both the GV mining feasibility and ongoing exploration. As the company moves closer to a production decision market interest should mount.

Attached image(s)
Attached Image

 
  Forum: By Share Code

Blue_Sky_Harvest
Posted on: Apr 11 2004, 09:47 PM


Group: Member
Posts: 189

Over Easter I've read a number of articles. For me, the following report crystalises so much. It has echoed in my memory above all others. Lock into the commodities boom. Avoid real estate. It was posted by DUB on Hot Copper:

QUOTE
The Daily Reckoning PRESENTS : As capital, jobs, and advantages flow in an easterly direction, the shape of the global economic system is changing. What trends has this flow engendered...and are there related investment opportunities? Strategic Investment's Dan Denning reports, below...

THE UNINTENDED CONSEQUENCES OF GLOBALIZATION
By Dan Denning

I'm often asked why I'm so bearish on financial markets right now. The answer is that man behaves even more poorly as a political animal than he does as a rational economic one. And the world's financial markets are more and more driven by politics...on a global scale. It's a trend, unfortunately, that's gathering momentum, from bombings in Madrid to assassination attempts in Taiwan to successful assassinations in Gaza. None of this is good for markets.

But political change doesn't happen haphazardly. It's driven by economic change. And some regions are going to do better than others in the future. The questions are: which regions, why, and how do you profit?

To answer those questions, you've got to understand who's winning and losing out in globalization.

The globalization process of the '90s used to look like nothing but good news for the affluent West. Western economies outsourced the production of manufactured goods to Asia and got lower prices in return. And for a while, this had no immediate effect on Western job markets, or the direction of global capital flows.

In fact, capital flows favored the West, too. High-saving Asian countries loaned us capital on the cheap or bought our financial assets and supported our bond prices. And every so often, Western capital poured into an emerging market, created an asset bubble, took profits, and moved on for the next high yield.

But the unintended consequences of globalization are only now making themselves apparent. And if I'm right, they are not good for the unprepared investors. Falling financial asset prices, rising prices for commodities and raw materials, lower average incomes, and a much, much more competitive world appear to be on the horizon.

Globalization has already begun to redistribute relative economic advantages from West to East. Asia, especially Japan and China, enjoys a competitive advantage in manufacturing because of abundant labor and high-tech know- how...in fact, it has become the world's factory for durable and mass-produced goods. Meanwhile, India, with the world's largest educated English-speaking population, is capable of providing professional services to the world at comparatively low prices.

By contrast - and whether it's true or not - the rest of the world perceives America as a hotbed of technology- driven research and development. As such, America will continue to attract capital and interested risk-takers, as well as new technology businesses. But given Asia's manufacturing advantage and India's ability to provide low- cost professional services, the U.S.'s role in these two areas is coming under pressure.

These are generalizations, of course. But if market forces hold sway, I think these trends will more or less hold true for the next 50 years.

Shifts like these cannot help but lead to, and in fact have already begun to create, significant social and political disruption. I believe this is will be an increasingly determinant factor in understanding global markets. But more important in the United States today is financial disruption - that's going to come first. In fact, I think the wave of selling that came after the Madrid bombings and Israel's assassination of a Hamas political figure indicated just how tenuous the investing public's confidence is.

The economic position of America appears to be untenable. The culprit, of course, is debt. Enormous, overwhelming, totally out-of-control debt. Government debt. Mortgage debt. Credit card debt. Debt, debt, debt.

And in some ways, expectations are also to blame; the U.S. is still locked into a culture of 'getting something for nothing.' Americans still expect wealth as their political birthright. But as CEO Carly Fiorina told Hewlett-Packard shareholders, the days of enjoying privileged economic status because you were born American are over.

We live in odd monetary times. In America, there is a growing divergence between the value of tangible real assets and the value of financial assets and derivatives. Because of that divergence, and because of the tremendous industrial-productive capacity in the world today - as well as the intense competition for jobs, fomented by globalization - I think you'll see both deflation and inflation in short order.

How can you have both? Well, the inflation in tangible assets (commodities) is fairly easy to identify. Commodity prices are determined largely by supply and demand. Demand for tangible assets and raw materials is obviously growing, driven by Asia, and notwithstanding the languid economic growth in Europe, the United States, and Japan. Supply, however, is not keeping up. Add to that years of underinvestment in productive capacity, and you have all the elements for rising raw material prices - even if the dollar weren't falling off a cliff. We are at the start of a major, multiyear bull market in commodities.

But the dollar IS falling hard (or so I believe). And because of that, it's possible that even as commodity prices rise on the cheaper dollar, you'll also see deflation in assets whose value depends on the dollar itself as a source of value.

For the last five years, American financial assets have enjoyed enormous capital flows. Global money went to buy American stocks and bonds, not to build factories. That money, which was borrowed at low interest rates, has created a huge bubble in financial assets (brokerages, banks, and REITs, to name a few). It's also made those assets extremely risky.

Anything bought with money borrowed at low interest rates is susceptible to a sudden decline in value if that money becomes worth less. That money is the dollar. As the dollar declines, it makes financial assets bought with borrowed dollars virtual locks to deflate in value.

It's an odd world where you can have debt deflation (falling prices for assets bought on credit) and inflation in natural resources and raw materials (as central banks print more money to devalue the nominal value of the debt) - AT THE SAME TIME.

We may soon see falling prices for houses, stocks, cars, and bonds...even as prices for precious metals, oil, and raw materials continue to rise. The dollar will lose purchasing power against tangible assets (assets not purchased with debt) while debt-financed assets will fall in value.

The implications for investors are clear. Beware the U.S. 'financial economy.' Decrease your exposure to debt. And if you've got money left over...the commodity bull market might not be a bad long-term place to be.

Regards,

Dan Denning
for The Daily Reckoning  http://www.dailyreckoning.com/home.cfm


The attached spreadsheet shows copper running out soon - also from Hot Copper.
Attached File(s)
Attached File  lmeanalysis_040411.zip ( 83.45K ) Number of downloads: 19

 
  Forum: Investment Discussion

Blue_Sky_Harvest
Posted on: Apr 10 2004, 03:19 PM


Group: Member
Posts: 189

AOO pending issue at 17c looks sad in light of current 16c SP. Will the SPP at 17c flop? Seems AOO got it wrong in only offering a 10% discount. Could it be AOO wont get the money they need for their expansion? How will the market respond?

Reminds me of AMG (Alcaston Mining NL) who recently sought 4c but the share price fell below this. AMG are now 3.5c seller, 3.3c buyer. AMG as I recall similarly are trying to get a new gold mine up.

AOO placement in February to institutions was at 16c - $1.6M raised for Laverton gold project - 1Moz. 1Moz at 1.6g/t seems impressive for a $12M market cap with Nickel intersections and China prospects as well. Wonder why AOO isn't enjoying the market attention that MIC is getting? Is 1.6g/t just too low? Is it tough ore to process?

Do notice AOO announcements are sometimes just image scans - the text cannot be cut and pasted. Most mining companies can get good quality colour PDFs to ASX. Perhaps AOO are technically backward? Are they just a bunch of money men making the currently fashionable noises (JORC gold, Nickel intersections, China aquisitions etc) who contract everything technical out? For some reason AOO haven't won the market enthusiasm the 17c price tag expected.
Attached image(s)
Attached Image

 
  Forum: By Share Code

Blue_Sky_Harvest
Posted on: Apr 10 2004, 12:49 PM


Group: Member
Posts: 189

I am new to trading and use Commsec as I am a captive from TDWaterhouse shopfront. I find Commsec arrogant. For example today's unavailability never came to my attenion prior to the event. Glad I made a download of my portfolio spreadsheet yesterday.

Thank you Sagitar for your advice about Directshares. I can see I would have saved $2,500 so far this financial year with Directshares over Commsec. I have made 490 trades so far this financial year with Commsec at a flat rate of $19.95 each. Of these 490, about 23 were split trades so the second part incurred no fee. My total trading cost would be about $9,300 this financial year with Commsec.

With Directshares I estimate this would have cost $6,750. This is using my average of 50 trades per month with the assumption that with Directshares split trades are also only charged once. So the saving with Directshares so far this fianancial year would be about $2,500. On an annualised basis assuming my rate of trades remain constant the saving with Directshares would be about $3,300 per year.

I'll probaly be investigating to ascertain if the service will be as good or better with Directshares before changing over. Maybe I will look to change at the end of the financial year.

An initial issue may be the following requirement by Directshares "If there are insufficient available funds, the purchase order will not be completed." With Commsec I don't have to actually have the money in my account to make a purchase. I never had to go though any credit application process with Commsec but understand I have perhaps $70,000 credit. I only ever use this credit facility for a few thousand for a day or so. If a buy goes through for funds not in my account then I simply sell something else that day or the next day to cover it. This always seems to prevent the purchase actually hitting my account. However, I could see my self being more disciplined about having the money in a Directshares account as long as I could have numerous buys orders at once and only have to have the money if they click into being an executed buy.

Other things I have with Commsec I would look for in Directshares are:
  • market depth
  • ability to inspect course of individual market sales for the day and historically
  • ability to download of my data to spreadsheets (eg contractnotes, financials, portfolio) the same day
  Forum: Off Topic Chat

Blue_Sky_Harvest
Posted on: Apr 4 2004, 02:38 PM


Group: Member
Posts: 189

I am no chartist but do wonder when I look at BLN whether it is forming a "flag" (is it)? Bollinger bands are pinching together. Lows are progressively higher.

Based on fundamentals BLN is certainly promising. BFS underway for BLN and Range River Gold (RNG) joint Indee Gold Project in Western Australia. Market cap is only $14M. BLN have a lot ground prospective for Ni jointly with Equinox (EQR):
QUOTE
The tenements cover 175 strike kilometres of komatiitic ultramafic volcanics prospective for nickel sulphides. The package includes extensions to the sequences hosting the Mariners, Miitel, Redross and Wannaway nickel mines on the adjoining ground held by Mincor Resources NL. Bullion has identified 147 strike kilometres of relatively untested komatiitic stratigraphy within the tenement area, much of it under shallow to moderate depths of transported cover. Significant targets defined from preliminary work to date include:
    • Four areas of anomalous Ni (>5000ppm) and/or Cu (>200ppm) geochemistry in prospective ultramafics
    • Four areas of Ni-Cu soil geochemical anomalism over ultramafics
    • The presence of three strong conductors in ground TEM data
    • An off-hole TEM conductor in a Ni/Cu-anomalous komatiitic sequence that is considered to be a thrust repeat of the sequence hosting the Wannaway Ni mine

These targets and the balance of the prospective stratigraphy are largely untested by modern EM geophysics or drilling. Equinox will commence a regional exploration program comprising ground EM surveys, reverse circulation and diamond drilling to define and evaluate targets.  

The Cowan Nickel Joint Venture will represent the core focus for Equinox’s exploration activities in Western Australia. Bullion and Equinox believe that the project represents prime nickel exploration acreage in one of the country’s pre-eminent nickel belts. We look forward to combining the exploration skills of Bullion and Equinox to maximise the opportunity for success in this highly prospective nickel belt.

Oddly, the options seem to be pointing the opposite way to the increases in the SP. May be the options are a good buy.
Attached image(s)
Attached Image

 
  Forum: By Share Code

Blue_Sky_Harvest
Posted on: Apr 2 2004, 12:21 AM


Group: Member
Posts: 189

GIP is one of those unique stocks on the threshold of a bonanza. Tantalum for electronics, feldspar for ceramics and there is tin as well. A highly specialised situation with big marketing complexities - not at all like trading metals on LME. Complexities lead to delays. Delays lead to doubt. Doubt leads to a faltering SP. $11M market cap.

Enormous resource. Will it get there? Absolutely huge if it does. Would be a major competitor to SGW (Sons of Gwalia). Can GIP can tie up tantalum off take and overcome uranium limit successfully? Already has had a successful AIM listing. Will probably need experts galore and many $s to get it all going - BFS release will be interesting.

The threshold of the bonanza could be a long long threshold. The sort of stock that will progressively attract a hard core of very patient long term believers who potentially will do extraordinarily well. It strikes me as like the early days of OXR cent for cent but with ten times the technical and marketing complexity and probably more bumps along the way. The following announcement gives a feel for what GIP faces.
QUOTE
2 February 2004
Company Announcements Office
Australian Stock Exchange Limited
20 Bridge Street
SYDNEY NSW 2000

Dear Sir/Madam

ABU DABBAB – TANTALUM OFF-TAKE

The Directors of Gippsland Limited ("Gippsland" or "the Company") are pleased to
announce that Gippsland has entered into a letter of intent ("LOI") with a major Asian
group of companies ("the Group") in relation to the off-take of 500,000 pounds of
tantalum pentoxide (Ta2O5) to be produced at the Company's 138 million tonne Abu
Dabbab/Nuweibi tantalum-tin-feldspar project ("Abu Dabbab") located in Egypt.

The Group is a major blue chip international industrial operation involved in the
tantalum processing industry and having annual an revenue in excess of US$xxx
million.

Pursuant to the LOI, Gippsland and the Group ("the Parties") will proceed to execute
an off-take agreement for 100,000 pounds of Ta2O5 per annum for an initial period of
five years commencing during 2005, which based upon the current tantalum market
price is anticipated to produce revenue in excess of US$17 million (A$22M) over the
five year period.

The LOI is subject to a number of standard but material commercial conditions
precedent including that the Abu Dabbab Ta2O5 specification must comply with that
required by the Group which produces high-purity tantalum metal and tantalum
derivatives used in manufacture of electronics, mill products and chemicals. Also, in
accordance with international transport regulations, the Ta2O5 concentrate must have
combined uranium oxide (U3O8) and thorium oxide (ThO2) content of less 0.5%, the
current allowed maximum threshold. However, pilot-plant testwork being undertaken
in Australia is currently achieving combined U3O8 and ThO2 levels as low as 0.06%,
which is well below current maximum and contemplated reduced levels allowable for
such contaminants.

Under the LOI, the Parties have the option to consider Gippsland undertaking downstream
processing to produce high purity Ta2O5 and/or any tantalum derivatives which
the Group may require from time to time.

Project Expansion

The Abu Dabbab project is scheduled to commence operations during 2005 at a mill
feed-rate of 1 Mtpa producing approximately 800,000 tonnes of ceramic grade
feldspar and 400,000 pounds of Ta2O5 per annum.

The Directors have previously announced that Gippsland has entered into a heads of
agreement with a major European group of companies for the off-take of 2.65 million tonnes of micronised ceramic grade feldspar over a period of five years commencing
at 250,000 tonnes during year one moving to 900,000 tonnes during year five.

The Directors are currently negotiating with additional Ta2O5 consumers with respect
to long-term off-take agreements for a further 300,000 pounds Ta2O5 per year. The
annual tin production of 1,000 tones will be sold directly to industry or via the London
Metal Exchange Limited.

The Directors are confident that additional tantalum and feldspar off-take agreements
will be consummated thus providing an opportunity to expand the Abu Dabbab mill
feed-rate from 1 Mtpa to 2 Mtpa not long after commencement of operations.

Based upon the Scoping Study completed by the international engineering group
Lycopodium Pty Ltd in March 2003, the Abu Dabbab operating cost of Ta2O5
production net of tin and feldspar credits is less than US$5/lb.

The 138 million tonne Abu Dabbab/Nuweibi tantalum-tin-feldspar project is owned by
Tantalum Egypt LLC, in which Gippsland has a 50% interest by way of an incorporated
joint venture with the Egyptian Government.

Yours sincerely
RJ (Jack) Telford
Executive Chairman
Gippsland Limited
www.gippslandltd.com.au
info@gippslandltd.com.au

Attached image(s)
Attached Image

 
  Forum: By Share Code

Blue_Sky_Harvest
Posted on: Mar 28 2004, 12:58 AM


Group: Member
Posts: 189

Here is a record of the MRCOA spike and closing prices mentioned just now in the prior post. It is interesting to note MRCOA began to spike a day before MRC did.
Attached image(s)
Attached Image

 
  Forum: By Share Code

Blue_Sky_Harvest
Posted on: Mar 28 2004, 12:48 AM


Group: Member
Posts: 189

The curious incident of MRCOA in the last hour.

MRCOA had a price spike Friday 26/3/04. Curiously most of it was in the last hour and twenty minutes (the solid buying began at 14:40 - see attached graphic).

I had begun to abandon hope on my MRCOA holding. My last buys were at 1.4c so bringing my average down to 2.9c. MRCOA had been consistently showing a loss of 50% for me. In frustration and a while back, I had put in staged sales at 24c (a loss making sale) and then 30c (a break even sale). These went through on Thusday (24c) and Friday = 26 March (30c) respectively.

So my MRCOA exposure is now reduced by 60% with only a $500 loss. Now hope is temporarily restored. It looks to me like I might get 5c for MRCOA on Monday and so make a profit. If so, all will be forgiven on MRCOA. If things continue to look strong for MRCOA Monday morning, I will look to hold back about 40,000 MRCOA and see if I might get 7c in a week or so. If this also happens I'll be up $2,000 on my MRCOA experience. Here are my MRCOA trades.

9/12/2003 Buy MRCOA 20000 0.083 19.95 1679.95
7/01/2004 Buy MRCOA 20000 0.071 19.95 1439.95
30/01/2004Buy MRCOA 60000 0.028 19.95 1699.95
15/03/2004Buy MRCOA 100000 0.014 19.95 1419.95
17/03/2004Sell MRCOA 20000 0.02 19.95 380.05
19/03/2004Buy MRCOA 22500 0.014 19.95 334.95
25/03/2004Sell MRCOA 63035 0.024 0 1512.84
26/03/2004Sell MRCOA 50000 0.03 0 1500
Attached image(s)
Attached Image

 
  Forum: By Share Code

Blue_Sky_Harvest
Posted on: Mar 26 2004, 11:15 PM


Group: Member
Posts: 189

One million MIC changed hands today as a single parcel of MIC at 11c? Who would spend $110,000 in a single trade on a China exploration spec? Curious.

QUOTE
Today: 26-Mar-2004
Time(AEST) Price Volume Value Condition Codes
16:06:09 0.1150 3,000 345.00
16:06:09 0.1150 7,000 805.00
15:57:20 0.1100 10,000 1,100.00
15:46:40 0.1100 10,000 1,100.00
14:41:21 0.1100 50,000 5,500.00
14:38:35 0.1100 13,872 1,525.92
14:38:35 0.1100 10,000 1,100.00
14:38:34 0.1100 33,000 3,630.00 XT
14:38:34 0.1100 36,100 3,971.00
14:38:34 0.1100 75,828 8,341.08
14:35:04 0.1100 1,000,000 110,000.00 XT
13:51:34 0.1100 74,172 8,158.92 XT
13:51:34 0.1100 100,000 11,000.00
13:51:34 0.1100 25,828 2,841.08
13:48:26 0.1100 74,172 8,158.92
13:48:26 0.1100 88,328 9,716.08
12:57:10 0.1150 8,000 920.00
10:20:58 0.1150 35,000 4,025.00
10:14:31 0.1150 5,000 575.00
10:14:31 0.1150 20,000 2,300.00
10:14:31 0.1150 30,000 3,450.00
10:14:31 0.1150 2,000 230.00

Attached image(s)
Attached Image

 
  Forum: By Share Code

Blue_Sky_Harvest
Posted on: Mar 22 2004, 06:50 PM


Group: Member
Posts: 189

Bought Alinta (ALN) on market open today at $6.23 believing it was near bottom only to see it continue drifting lower. Thankfully it went down at a lower rate of fall than the previous few days. ALN ended the day at $6.09 so I bought my 300 shares at $42 more than I might have. Could ALN keep going down? Could ALN go right down to the $5.50 price for the new shares?
Attached image(s)
Attached Image

 
  Forum: By Share Code

Blue_Sky_Harvest
Posted on: Mar 22 2004, 10:05 AM


Group: Member
Posts: 189

If these channel samples were drill holes then ARE would be moving by now. Why do channel samples not rate as highly as drilling data?

QUOTE
EL 2663 Kanmantoo
High Grade Copper, Gold Mineralisation
Emily Star Prospect, Adelaide Hills

On 31st October 2003 an agreement with Hillgrove Gold Limited (ASX: HGO)
was announced with Kelaray Pty Ltd, a wholly owned subsidiary of Argonaut
Resources NL, which resulted in Hillgrove acquiring a 40% interest in EL2663.
Hillgrove may earn a further 50% interest by spending a minimum equivalent
to the PIRSA exploration expenditure commitment by 2 May 2004. This will
result in Kelaray retaining a 10% interest which will be free carried by
Hillgrove until a decision to mine at which time Kelaray may elect to
contribute on a pro rata basis or convert its interest to an overriding 2% net
smelter royalty.

Hillgrove, the manager of the joint venture has advised that the results from
reconnaissance rock chip and channel sampling at the Emily Star Prospect
have been received which have identified a number of broad zones of high
grade copper-gold mineralisation, with a best result of 36m at 3.13% Copper
and 0.47g/t Gold (including 8m at 5.52% Copper and 1.54g/t Gold).


The Emily Star Prospect is part of EL 2663, which is located 55 km southeast
of Adelaide in the Mount Lofty Ranges in South Australia.

Reconnaissance rock chip and channel sampling (Figure 1, Table 1) has
identified a number of highly prospective zones of copper-gold mineralisation.
Rock chip sampling has now defined four separate trends of mineralisation,
which all exceed 500m in strike and are up to 50m in width. Individual rock
chip samples were collected from areas of outcrop along these trends, which
returned results up to 13.3% Copper and 3.54g/t Gold. Rock chipping has
identified a number of zones over 200m in strike length where all samples
collected have assayed between 3 and 8% Copper and over 0.5g/t Gold.

A series (KTCS001-010) of reconnaissance channel samples was completed
on irregular intervals over selected areas to help determine the likely width of
the copper-gold mineralisation identified. All channel samples were completed
perpendicular to strike and using 2m composite samples. Results returned to
date have included 36m at 3.13% Copper and 0.47g/t Gold (KTCS006),
26m at 2.71% Copper and 0.55g/t Gold (KTCS004) and 28m at 1.37%
Copper and 0.1g/t Gold (KTCS010).
A systematic channel sampling program is currently underway to infill and
extend along strike the mineralisation identified to date.

Table 1.
CHANNEL
SAMPLE
FROM TO WIDTH MINERALISATION
KTCS001 2m 12m 10m 1.10% Copper and 0.37g/t Gold
26m 30m 4m 1.90% Copper and 0.22g/t Gold
70m 72m 2m 1.65% Copper and 0.10g/t Gold
KTCS003 6m 38m 32m 0.91% Copper and 0.43g/t Gold
52m 54m 2m 0.83% Copper and 1.21g/t Gold
KTCS004 14m 40m 26m 2.71% Copper and 0.55g/t Gold
KTCS005 8m 16m 8m 2.83% Copper and 0.36g/t Gold
KTCS006 2m 38m 36m 3.13% Copper and 0.47g/t Gold
(including 8m at 5.52% Copper and 1.54g/t
Gold)
KTCS007 0m 4m 4m 3.51% Copper and 0.10g/t Gold
18m 20m 2m 6.79% Copper and 2.81g/t Gold
KTCS010 4m 32m 28m 1.37% Copper and 0.10g/t Gold

A drilling programme to test the depth extensions of the mineralisation has
commenced. A total of 23 holes and 2,550 metres of drilling is planned.

Sampling data detailed in this report were compiled by Mr. Dale Ferguson of Hillgrove Gold
Limited who is a corporate member of the Australian Institute of Mining and Metallurgy and
who has in excess of 5 years experience in this field of activity.

Argonaut also announced on 9th January 2004 the option agreement with
Hillgrove covering EL 3037 located at Alford South Australia within Gawler
Craton.

As a result of both these agreements with Hillgrove exploration is currently
being conducted over a total of 974km in the Gawler Craton and Kanmantoo
trough two of the most prospective regions of South Australia for copper and
gold.

For more information contact:
Argonaut Resources
Graeme Ellis
Managing Director
029239 8787

Attached image(s)
Attached Image

 
  Forum: By Share Code

Blue_Sky_Harvest
Posted on: Mar 20 2004, 12:49 PM


Group: Member
Posts: 189

Ah yes, ARE - I bought 10,000 at 18c on 19th Feb on the down-slide from the spike. So I am down $170 or 8% on my purchase, so I hope you are right.

I like the spike. It indicates to me there was some serious consideration that ARE have good potential. I'm anticipating ARE to progressively rise back to the height of the spike. Not an uncommon outcome for resources in this market it seems. - and then? Depends on their announcements. Laos Century zone with its history of artisinal gold mining and the South Australian Cu propects both have some potential. A $6M market cap is fairly OK for a metals explorer with such prospects - low even.

China plans to build 20 new cities each and every year to incrementally house their vast rural population in a better standard of living - just listening to a promo for Background Briefing on ABC tomorrow (9am Sunday 21st). Augers very well for metal prices for a good while yet. Will commodities boom? Has it started already? With India to take up soon like China, I reckon we can all feel fairly confident about it for a number of years to come. Mind you, the Indians have been buying up metal mines (iron ore, copper etc) outside India for a few years now.
Attached image(s)
Attached Image

 
  Forum: By Share Code

Blue_Sky_Harvest
Posted on: Mar 20 2004, 10:19 AM


Group: Member
Posts: 189

I am puzzled by the VOY price drop on Friday. I thought the rights issues was generous. Looked a no-brainer to me.

I already had 10,000 VOY bought at 20c six months ago. I bought another 11,000 on Friday in two batches to average 25c. But if I'd put in an order for 23c it would have got filled before the day was out. So I paid about $220 too much (more if VOY continues to fall).

This was my logic:
  • VOY is a stable stock - price movements are slow and small, volatility is not a feature of VOY. Recent prices were 25c to 26c but previously as high as 27c and the future for VOY is promising. So I assumed 26c as my price for calculations.
  • I estimated the options would be worth conservatively 5c to 7c - I used 6c as the figure for my calculation.
  • So based on a parcel of say 21,000 VOY purchased on Friday at 26c = $5,460 I figured:
    • Value of free options at 1 for 3 = 7,000 X 6c = $420
    • Profit from 2 for 3 at 20c shares = 14,000 X 6c = $840 (assumes sale at 26c)
    • Less commissions on buy VOY, sell VOY and sell VOYO = $60
  • TOTAL profit = $420 + $840 - $60 = $1,200 (or 22% of $5,460 if all 21,000 were bought at 26c). (I actually got my 11,000 for 25.1c and already had 10,000 at 20c)
A key assumption in all the above is that the VOY price will, by and large, stay at or return to 26c. I felt this was a valid assumption. Any trending to a higher price is a bonus. I felt 28c for VOY was likely over coming months.

So why is VOY falling? Did VOY pay too much for the new acquisitions? Do the new acquisitions not fit in well to current assets? Are the new acquisitions unlikely to deliver shareholder value and so dilution over takes the added value? I figure there is no risk of being too late - the Prospectus has not been lodged with ASIC yet and the record date will be seven business days beyond that.

Looked a no-brainer to me. Seems the market on Friday did not agree with my view of the numbers. Any ideas?
Attached image(s)
Attached Image

 
  Forum: By Share Code

Blue_Sky_Harvest
Posted on: Mar 19 2004, 12:21 AM


Group: Member
Posts: 189

QUOTE (shakeup @ Fri 19/03/04 12:30am)
IN REPLY TO A POST BY shakeup, Fri 19/03/04 12:30am

Yes I bought GBG at 20c, 7-Jan-04. Not a good buy in retrospect. I am long term holder - 3 months to a year is fine by me. I also buy small parcels - often $500 to $2,500. A drop of 20% plus is OK by me if the value is there. And worse still (for some on this site), if I see good value, then I average down and sometimes I repeatedly average down (see TTRO example below).

I am new to trading and am learning what is "usual technique" but so far this financial year I'm up over 30% on my portfolio. This current market in Australian resources is unusual and the reason why I am here - it is a very forgiving market.

I buy mainly on fundamentals with an cursory eye on the chart. GBG has not yet attracted sufficent interest from me to buy more. My largest current holdings and average prices are AVLO ( paid 30c), COE (paid 24.6c), AUZ (paid 23.8c), and MPM (paid $1.51).

7/01/2004 Buy GBG 2500 0.2 19.95 519.95

14/10/2003 B TTRO 10000 0.081 19.95 829.95
10/11/2003 B TTRO 6900 0.08 19.95 571.95
20/11/2003 B TTRO 20000 0.06 19.95 1219.95
20/11/2003 B TTRO 20000 0.07 19.95 1419.95
21/11/2003 B TTRO 25400 0.045 19.95 1162.95
1/12/2003 B TTRO 25000 0.04 19.95 1019.95

23/12/2003 S TTRO 20000 0.075 19.95 1480.05
24/12/2003 S TTRO 20000 0.085 19.95 1680.05
29/12/2003 S TTRO 20000 0.094 0 1880
11/02/2004 S TTRO 20000 0.11 19.95 2180.05
24/02/2004 S TTRO 10000 0.135 19.95 1330.05
Converted the remaining 17,300 TTRO to TTR to get the dividend.
  Forum: By Share Code

Blue_Sky_Harvest
Posted on: Mar 18 2004, 09:33 PM


Group: Member
Posts: 189

QUOTE
IN REPLY TO A POST BY brettan, Thu 18/03/04 03:37pm

A price jump and volume spike in a mining spec like this is well beyond the overnight POG rise effect. What might it be? More of the same tomorrow I hope as I bought GBG on a peak at 20c, so I need a few of these rises to be ahead. Certainly something afoot. Waiting....
Attached image(s)
Attached Image

 
  Forum: By Share Code

Blue_Sky_Harvest
Posted on: Mar 12 2004, 08:27 PM


Group: Member
Posts: 189

Reed Resources (RDR) have had volume + price spikes the last few days (9/3 to 12/3). They have gold and some nickel prospects. No recent announcements. Does anyone know what is up?
Attached image(s)
Attached Image

 
  Forum: By Share Code

Blue_Sky_Harvest
Posted on: Mar 7 2004, 05:10 PM


Group: Member
Posts: 189

QUOTE (sequent @ Sun 07/03/04 05:52pm)
IN REPLY TO A POST BY sequent, Sun 07/03/04 05:52pm

Type au: infront of the ASX code.

So to get the IMA chart I typed au:IMA and set duration to two months. The link below is an example for au:TAM.

The great thing I find about Big Charts is that the chart is practically live - probably just a 20 min delay. So you see the range, open and current price for the current day during the day.

Big Charts also have two more complex chart choices "interactive charting" and "java chart" that have lots of options well beyond my current understanding.

http://bigcharts.marketwatch.com/quickchar...m&freq=1&time=5
  Forum: By Share Code

Blue_Sky_Harvest
Posted on: Mar 7 2004, 01:16 AM


Group: Member
Posts: 189

Pilbara Mines had a spike together with increased volume late in March and has held this elevated price. PIL is involved in the Jaguar deposit which is likely to become a mine. Market cap $19M. Looks like directors have been buying. Here are some excerpts from 4-Feb-04:

QUOTE
JAGUAR PROJECT PRE-FEASIBILITY STUDY UPDATE

The Directors of Pilbara Mines Limited are pleased to announce the results of the Jaguar Pre-Feasibility Study. The study indicates that the high-grade Jaguar copper, zinc and silver resource at Teutonic Bore will support a robust underground mining operation over a six year mine life.

A Bankable Feasibility Study (BFS) is expected to be completed during the June 2004 quarter, with commencement of production anticipated in the second half of the 2005 calendar year.

Based on the assumptions listed below, the Jaguar Project Pre-Feasibility Study indicates the Project will generate the following returns:

�� Free cash flow A$99.9m
�� NPV @ 8% A$64.5m
�� IRR 46.7%

Assumptions:
  -Estimated mineable diluted tonnage: 1.87 million tonnes at 3.2% Cu; 11.0% Zn; 0.75% Pb; and 114 g/t Ag
  -Metal prices based on current spot price of: US$0.47/lb Zn; US$1.14/lb Cu; and US$6.23/oz Ag
  -Project average exchange rate of: A$0.73 against US$.

Based on the positive results of the Pre-Feasibility Study, the Company has immediately commenced work on the Bankable Feasibility Study which is scheduled for completion during the June 2004 quarter.

Attached image(s)
Attached Image

 
  Forum: By Share Code

Blue_Sky_Harvest
Posted on: Mar 7 2004, 12:51 AM


Group: Member
Posts: 189

JAK - Had two days of volume spike and price rise at the end of March and has stayed a few cents elevated since - what's up?

JAK is a gold and nickel explorer and floated about 1.5 years ago. Market cap $7M. No announcement for over a month. Exploration drilling was to recommence in February. Here are the Q2 highlights:

QUOTE
- Aggressive drilling at Wallbrook defines new Red Flag gold zone
    19m @ 4.45 g/t from 47m
    l0m @ 3.34 g/t from 57m
    l6m @ 2.41 g/t from 31m
- 1.5 km long target identified encompassing Red Flag zone
- Nickel review highlights potential of Kalgoorlie Regional Project
- Northcote Project successfully vended into Republic Gold Limited
- Cash resources expanded through $874,000 placement

Attached image(s)
Attached Image

 
  Forum: By Share Code

Blue_Sky_Harvest
Posted on: Mar 7 2004, 12:02 AM


Group: Member
Posts: 189

Here is the half yearly report of 27-Feb-04. All seems rather impressive to me for a minerals technology company with a market cap of $18M. I imagine APG only need one of these to deliver the goods for the SP to return to optimistic levels. APG also have an interest in the WIM150 mineral sands deposit (see attached).

QUOTE
Review of Operations

The operating loss after tax for the consolidated entity for the half-year ended 31 December 2003 was $680,000 (2002: $5,000).

ERMS SR PLANT - EAST COAST AUSTRALIA

In October 2003, Austpac entered into an agreement with Consolidated Rutile Limited (CRL) for the supply of ilmenite to a 30,000 tpa ERMS SR plant proposed by Austpac for the eastern seaboard of Australia. Under a long term contract Austpac will purchase 70,000 tpa of high-chrome ilmenite concentrate from CRL’s mineral sand operations on North Stradbroke Island to produce a high grade synthetic rutile (>97% TiO2) for titanium dioxide pigment manufacture. At the same time, Austpac also announced an agreement with Iluka Resources Limited (Iluka) for the sale of synthetic rutile to Iluka from the proposed ERMS SR plant. Both contracts are subject to the successful completion of a Bankable Feasibility Study (BFS) by Austpac. 

Planning for the BFS for the proposed 30,000 tpa ERMS SR plant continues and preliminary site selection is in progress.  The BFS is estimated to cost $5,000,000 and these funds are presently being organised from several sources. The economics of the 30,000 tpa plant are robust, and we are confident that the necessary capital raising will be successful.

The BFS will take approximately six months to complete, with three months testwork at the Kooragang Island pilot plant on a bulk sample of ilmenite concentrate from CRL’s North Stradbroke Island heavy mineral sand operations. This will be followed by detailed engineering, design and costing of the ERMS SR plant. Project financing will follow a positive outcome and a decision to commence project construction could be made in the fourth quarter of 2004.

2.5 TPH LOW TEMPERATURE ROASTING PLANT - NEW ZEALAND

The 2.5 tonnes per hour LTR (Low Temperature Roasting) plant built by New Zealand Steel to test the suitability of Austpac’s LTR process for the treatment of tailings from the Waikato North Head iron sand mine is now in the commissioning stage. The LTR plant comprises a series of fluid bed roasters and magnetic separators. Austpac engineers, who assisted with the final stages of construction, are now involved in plant commissioning, with initial production expected to commence within the next few weeks.

Austpac’s LTR technology involves low temperature fluid bed roasting to selectively enhance the magnetic and other properties of specific minerals. LTR testwork last year for N.Z. Steel at Austpac’s Newcastle pilot plant showed that some iron minerals now being rejected can be recovered and conditioned for use in the steel making process. N.Z. Steel
has not made any commitments beyond the licence for the 2.5 tph LTR test plant.

INCOTESTWORK FOR GORO NICKEL PROJECT AT EARS FACILITY, NEWCASTLE

In November 2003 Austpac announced that it has signed a Letter of Intent with Inco Limited (Inco, formerly International Nickel) under which Inco will evaluate Austpac’s EARS hydrochloric acid regeneration process for use in the Goro nickel project in New Caledonia.

The significant implications for Austpac are:
·  we have initiated a technical alliance with the world’s second largest nickel producer,
·  it is a new industry application for Austpac’s technologies, in addition to the titanium mineral sands and the steel industries, and
·  if implemented at Goro, the EARS plant will be one of the largest acid regeneration plants in the world.

Austpac patented the EARS process in 1992 and since that time has refined the technology, primarily for the processing of iron chloride solutions generated by leaching ilmenite in the Company’s ERMS SR synthetic rutile process. Inco is assessing the EARS process for converting nickel chloride solutions into pure nickel oxides and hydrochloric acid, and its potential to significantly reduce the capital and operating costs of the acid regeneration section of the Go ro project. 

In December 2003, the first stage of a testwork program using a nickel chloride in the EARS process was successfully completed at the Kooragang Island pilot plant. The work was monitored by Inco and Goro project engineers, who are presently processing and evaluating the data prior to making a decision in February 2004 on the next stage.

BEMAX TESTWORK AT ERMS FACILITY, NEWCASTLE

The final testwork program for BeMaX Resources N.L. was successfully completed in November 2003 with a continuous seven day pilot plant run. The plant performed to specifications and the data gathered are being used for final engineering design and costing for the LTR roasting plant for the Pooncarie project in the Murray Basin.

CORPORATE
On 6 January 2004, Austpac announced the placement of 6,000,000 fully paid ordinary shares at 6 cents each to raise $360,000 for working capital.

Attached File(s)
Attached File  APG_00415116.pdf ( 54.93K ) Number of downloads: 322

 
  Forum: By Share Code

Blue_Sky_Harvest
Posted on: Mar 6 2004, 11:26 PM


Group: Member
Posts: 189

APG - When will Austpac hit bottom. Now 4.9c. What are the prospects for APG?

I had already averaged down twice on APG to get to an avergae of 6.9c. I was pretty much due to average down again a couple of days ago I was sorely tempted to try to get 30,000 APG at 3.8c on Tuesday which would have got me to an average of 5.3c. But I felt I had better uses for the cash at the time (AUZ) and wondered if APG was no longer the good prospect I'd first imagined and at risk of going under perhaps.

Subsequently, APG bounced a bit on Wednesday but remains well underwater for me.

5/01/2004 Buy APG 16000 0.058 19.95 947.95
6/11/2003 Buy APG 8000 0.069 19.95 571.95
27/10/2003 Buy APG 6000 0.097 19.95 601.95

My very first APG buy at 9.7c was at the peak Oct-03. I judged their mineral sands assets to be worthy of the price. Obviously the market does not agree with me. Any opinions?
Attached image(s)
Attached Image

 
  Forum: By Share Code

Blue_Sky_Harvest
Posted on: Mar 6 2004, 03:45 PM


Group: Member
Posts: 189

Image resources are currently in the spotlight.

Some not so spectacualr Nickel intersections at Emu Lake:
2m @ 6.2% Ni, 1.8% Cu and
2m @ 2.6% Ni, 1.0% Cu
caused a massive 30% jump Tuesday (3/3/04) afternoon. I tried to sell my IMA at the peak of 62c but was 20 mins too late. I didn't get back to check until after 4pm and had pitched my sale 2c too high with 62c. IMA closed at 57c.

I had originally bought at 18c. The next day (Wednesday) I got frustrated with missing out and sold for 52c around 3pm feeling sure they would correct nearly all the way back to prices before the rise. They did not. mad.gif

Maybe IMA is a leaky company because the price kept there around 54c Thursday and on Friday what do you know? an IPO and bonus announcement. Drat!

QUOTE
ASX Release ASX code: IMA
5 March 2004
BONUS ISSUE FROM COPPER-GOLD IPO, METEORIC RESOURCES NL
______________________________________________________
Image Resources has, subject to shareholder approval, agreed to farm out eight of its gold and copper-gold projects to its wholly owned subsidiary, Meteoric Resources NL (ACN 107 985 651) and to assist Meteoric to list on the ASX. It is envisaged that the transaction with Meteoric will add value for Image shareholders, accelerate exploration on some of Image’s under-rated projects and in turn allow Image to focus on its core business. Image previously floated its subsidiary Magnetic Minerals, a successful mineral sands explorer
which added significant value for Image shareholders.

It is proposed that Meteoric will issue approximately 5.5 million fully paid ordinary shares to Image shareholders in a 1 for 10 bonus issue, 4.2 million shares to Image Resources NL and 8.25 million contributing shares (20 cents unpaid) to Image shareholders in a 3 for 20 bonus issue. Meteoric plans an April/May 2004 initial public offering (IPO) to raise $4 million by the issue of 20 million fully paid 20 cent shares. Together with seed capital already subscribed, this will bring the total issued capital of Meteoric to about 34.7 million shares plus 14.75 million contributing shares (20 cents unpaid). If Meteoric is admitted to the ASX, application for quotation of contributing shares will not be made within the first 12 months thereafter. The record date for holders of Image shares to receive the Meteoric entitlement will be announced.

It is intended that Meteoric will farm into a portfolio of prospective gold and copper-gold projects comprising the Warrego North and Murchison Range projects in the Northern Territory and the Wilthorpe, Ruby Well, Jarbora Hill, Ularring, Bullfinch and Junction Lake projects in Western Australia. Image holds a 100% interest in these projects with the exception of Wilthorpe and Bullfinch where Image holds a 90% interest and Ruby Well where it holds a 60% interest.

Under the terms of the joint venture Meteoric will, subject to successful listing on the ASX, pay Image $200,000 cash and spend $1 million within two years of listing to earn 80% of Image’s interest. Meteoric is obligated to spend a minimum of $0.5 million in the first year and may increase its interest to 100% of Image’s interest by spending a further $1 million over three years, with Image retaining a 1% gross royalty interest on all minerals and metals. In the event that Image wishes to farm out additional projects, Meteoric will be entitled to a short preference period to negotiate commercially acceptable joint venture terms, thus providing it with a potential source of new opportunities and new projects generated from Image’s extensive aeromagnetic database.

The Image board is confident that this arrangement will allow Image to focus on its nickel joint ventures with Jubilee Mines and Western Areas, other joint ventures with Troy Resources and Westonia Mines and on generating and identifying new projects and opportunities while providing its shareholders with exposure to increased exploration activity through Meteoric Resources.

3/03/2004 Sold IMA 5000 0.52 19.95 2580.05
26/08/2003 Buy IMA 5000 0.185 19.95 944.95

Don't feel like buying back in for more than I sold at on the off chance I fall within the yet-to-be-announced record date. Wait and see if the SP falls I suppose. Drat!

Attached image(s)
Attached Image

 
  Forum: By Share Code

Blue_Sky_Harvest
Posted on: Mar 5 2004, 10:29 PM


Group: Member
Posts: 189

Where is the bottom to this fall of VRE?

Here are my VRE trades. I bought 125,000 VRE in the SPP at 4c. My final 20,000 VRE were sold at 10.5c. I'm waiting to get back in.

5/01/2004 Sold VRE 20000 0.105 19.95 2080.05
2/01/2004 Sold VRE 20000 0.097 19.95 1920.05
17/11/2003Sold VRE 30000 0.082 19.95 2440.05
21/10/2003Sold VRE 30000 0.095 19.95 2830.05
20/10/2003Sold VRE 25000 0.081 19.95 2005.05
6/10/2003 Sold VRE 20000 0.079 19.95 1560.05
20/08/2003Bought VRE 20000 0.043 19.95 879.95

My concern is the market cap of $55M for VRE - and that is at 9c per share. Consider a comparison to the nickel mines coming out of mothballs. How about Blair (AUZ)? The market cap of AUZ is $31M and AUZ have already started producing. What about TTR - Tectonic Resources - pumping out money from Nickel at RAV 8 and with the Kundip copper gold mine to develop as well, and paying a 1c dividend each six months this year. TTR market cap = $51M. There are probably more examples - FXR perhaps - market cap = $22M.

Perhaps there may be something in a factor I've not checked up on such as size and grade for the VRE reserves. But I suspect VRE's reserve is probaly comparable or less in $ outcome than AUZ and maybe even TTR or FXR when all the metal content, cost of development and cost of mining numbers are crunched.

So why do I encounter posts promoting enthusiasm for VRE at these prices and higher? What am I missing?
Attached image(s)
Attached Image

 
  Forum: By Share Code

Blue_Sky_Harvest
Posted on: Mar 5 2004, 08:07 PM


Group: Member
Posts: 189

Oops! Neglected to reduce the IP image in the previous post to a sensible disk and screen sized file. Ended up with a huge picture that is half a Mb.

Anyway here is the KLS share activity over the current two months (some volume and price spikes ?in anticipation?) :
Attached image(s)
Attached Image

 
  Forum: By Share Code

Blue_Sky_Harvest
Posted on: Mar 5 2004, 07:54 PM


Group: Member
Posts: 189

KLS is interesting at present. They have a promising Gawler prospect that is currently being drilled. The IP survey looks very convincing. The anomaly is co-incident with a large Au,Cu,Pb,Zn mineralised alteration Halo. Results should be to hand or due soon.

QUOTE
Kanowna Lights Limited   ACN 062 409 303
9th February 2004
Australian Stock Exchange Limited
Company Announcements Platform Via e-lodgement

PARTRIDGE RANGE PROJECT – GAWLER CRATON

The Company is pleased to announce that a drilling rig has been contracted to undertake a
programme of diamond drilling at the Mariner prospect. Drilling is scheduled to commence
within the week and should take approximately three weeks to complete. It is currently planned to complete three drill holes for approximately 600 metres of drilling.

The Mariner prospect has been defined by a dipole – dipole Induced Polarisation (IP) geophysical survey, which has outlined a highly chargeable zone up to 800 metres in strike length and up to 300 metres in width. The IP target is coincident with a demagnetised zone in both the aeromagnitics and ground magnetic follow up. Shallow reconnaissance RAB drilling of the area, conducted prior to the IP survey returned highly anomalous gold, copper, zinc and lead mineralisation over wide intercepts within the weathering profile. To date no drilling has tested the IP anomaly.

Attached image(s)
Attached Image

 
  Forum: By Share Code

Blue_Sky_Harvest
Posted on: Mar 4 2004, 10:04 PM


Group: Member
Posts: 189

SRI got to my target of 12c today and I bought 15,000 to average down as planned. They have good exploration potential - seem to be in a wide variety of interesting plays in different parts of the country. I now have 30,000 SRI. The first 15,000 were bought back in the good days of SRI at 23c.
  Forum: By Share Code

Blue_Sky_Harvest
Posted on: Mar 3 2004, 12:30 AM


Group: Member
Posts: 189

I am new to trading this last year. I find some market aspects hard to follow.

For example, this morning on open I sold AUZO (20c option due 31-Mar-04) at 5.5c and bought AUZ at 23.5c. And surprise, surprise AUZO traded at 5.5c all day and there is still a buyer at 5.5c for 110,500 AUZO on close at 4:10pm.

AUZ averaged 24.9c today for a normal volume. And what's more I had bid 24.5c for the AUZ I got at 23.5c. Some nervous nellie must have dumped AUZ on open. Hope he comes back tomorrow morning. I was planning to convert my stub of 20,000 AUZO options. However these on market conversion trades are less trouble and cheaper to boot.

I originally had 120,000 AUZO aquired at an averaged-down price of 4.1c over 13-Oct to 2-Dec 2003. I have now sold all these AUZO off from 3-Feb to 2-Mar this year at an average price of 5.6c. Never expected this late correction so am a bit under what I had anticipated. Still happy with the outcome on AUZO though of 34% gain all up or $1,690 on my $4,910 in less than five months. I'm collecting more AUZ now. So far I have 19,000 at an average of 23.1c. Please come back for breakfast Mr Mystery Dumper - I wait in anticipation with open arms.

I see AUZ as a no risk stock with huge upside. I visualise AUZ as the thrid train on a line following TTR which in turn is following MCR.

Days of wonder. biggrin.gif Here to harvest the market of dreams.
  Forum: By Share Code

Blue_Sky_Harvest
Posted on: Feb 28 2004, 12:08 AM


Group: Member
Posts: 189

Just can't resist adding the second edition of Ian Whitchurch's COEville news (what a jewel) from hot copper:

QUOTE
Subject coeville latest
Posted 16/02/04 08:26 - 82 reads
Posted by ian_whitchurch
Post #236532 - in reply to msg. #236530 - splitview
 
Well, y'all, as you can see, the recent tribu-lations of this fair town have been ended by two eee-vents.

Th' first one, that should be evident to y'all, is the migration of a load of new citizens of Coeville, from the religious sect of the Rivkinites, who are kinda like Mennonites, 'cept they dont get embarresed-like when y'all mention Munster to em. That an they have money, o'course.

Now, I know soem of y'all are a mite concerned with the news from Out East of their leader bein' jailed for the sort o' stuff that county judges and senators get away with all the time out here, but I can assure y'all that the Rivkinites have money, and that they'll stay for a good while.

Not all of the Rivkinites have bought in, and a buncha them are camped out down by th' river, but y'all can be assured that if Mystery Seller comes back, then he'll be overwhelmed by wave after wave of Rivkinites, who at the word of their leaders would cross burnin sands and saltbush country that even Dry Hole Johnny would have given up as a bad hope.

Th' second thing is that those fancy-pants in spats an tall hats Hartleys have undertaken to make sure that COeville Council get th' whole ten millions from the options on preperty in this fair town. An all they wanted was a cold half million ... if we'da waited a week, then the Rivkinites woulda turned up and we coulda told those Hartleys sharps to take their half-million dollar guarantee an shove it.

Well, things are lookin up in town.

Here's to Coeville.

The important dialog:
QUOTE
I thought rivkin had 15000 subscribers?  Will they move up or just sit there

"they'll sit" Plenty of upside, great leverage and massive support.
QUOTE
But how long will they sit?...at what point RR will say...
"oh well, we missed that one...time to move your funds over to..."
By the way, does anyone know what his upside target is?
Cheers!

QUOTE
Subject re: only 365 buyers at 25c
Posted 16/02/04 08:57 - 66 reads
Posted by jermaynew
Post #236541 - in reply to msg. #236539 - splitview
 
$1 according to shares mag by end of year.
RR at least 50 cents

How much certainty do you need? Money for the taking...
  Forum: By Share Code

Blue_Sky_Harvest
Posted on: Feb 27 2004, 11:07 PM


Group: Member
Posts: 189

You may have already got the following suggestion but I'm not able to read them all.

I think your site is fantastic. I've been in awe about the features and control impilicit. But then why do I find myself constantly going back to hot copper? Why am I getting the BIG news off hot copper? I've pondered this for some weeks now. It's nothing to do with the volume of posters.

ASX board will too very soon have a constant flow of postings. And it is for this very reason ASX board needs the very thing it does not have... HEADERS on ASX posts. I can see there is plenty of room web-page-layout-wise for a header to a an ASX post to follow out from the ASX code. How about it? Is it technically feasible?

When ASX board does get the constant flow of posts (very soon I imagine) there needs be a way beyond the ASX code and poster name to discern if it likely to be worthwhile opening a post. Often headers are all I look for. Headers are it.

Thank you for a useful site but ASX headers will make it the greatest trading site ever.
  Forum: Off Topic Chat

Blue_Sky_Harvest
Posted on: Feb 27 2004, 10:25 PM


Group: Member
Posts: 189

IN REPLY TO A POST BY theflasherman, Fri 27/02/04 01:15am   [READ POST]

I spoke to a COE director on Wednesday 25/2. Current trunaround is 5 working days on exercising options. COE have to place an ASX announcement so they get batched up. I sent my first cheque express post that afternoon. Trying to rake cash together while the 1c Rivkin differential persists.

Tells us something about the nature of the rivkin investors. They are happy to pay 1c or even 1.5c over on the COE reccomended price of 25c but few will go the options and then only 0.1c or 0.2c over Rivikins price of 5c. Really amazed how many hundreds of Rivkin followers there are. COEville got a stampede.
  Forum: By Share Code

Blue_Sky_Harvest
Posted on: Feb 26 2004, 11:02 PM


Group: Member
Posts: 189

Monster win for BUY holders. Here's why:

1. BUY don't need the cash. They are free carried for all drilling this year
2. Such a small issue ($2M) isn't going to make a big difference to BUY balance sheet. Supports their claim that it is a reward for loyal sharholders as the reason.
3. Huge BUY orders have gone through the last few days up to 23c. The issue is irrespective of holding size. So these strong hands were not buying BUY to get $5,000 of 14c BUYs.
4. Timing only allows pre-announcement BUY holders to participate. Supports their claim that it is a reward for loyal sharholders as the reason.
5. Maybe BUY need money to develop Nyuni because it is not a dud.
6. BUY will drop to 16c or 17c so 14c is still good buying.
7. BUY have have great prospects:

QUOTE
Bounty have so many free carried, company making deals that there is a very good chance of success in one or two of these over the next 12 months. 21 cents will look cheap then.

Hold on for the big one.


QUOTE
RE: Bounty Oil & Gas Share Purchase Plan
The Board of Directors of Bounty Oil & Gas NL is pleased to announce the introduction of a
shareholder Share Purchase Plan (“Plan”) designed to reward the loyalty of our shareholders.

The Plan will enable shareholders, irrespective of the size of their shareholding, to subscribe up to $4,930 for new, fully paid ordinary shares in the Company, free of all brokerage, commission, and stamp duty. The Offer will be non-renounceable.

The right to participate in the Plan will only be available to registered holders of fully paid ordinary shares in Bounty Oil & Gas NL as at 5.00pm on Thursday, 26 February 2004. It will also be limited to shareholders whose registered address is within Australia and New Zealand.

The funds raised under the Plan will be used to provide additional working capital in order to facilitate the ongoing implementation of Bounty’s exploration activities.

The letter of offer under the Plan will be sent to eligible shareholders next week. A copy of this letter, with the Terms and Conditions, is attached to this announcement.

Yours sincerely,
BOUNTY OIL & GAS NL
Thomas J. Fontaine
Managing Director

Attached image(s)
Attached Image

 
  Forum: By Share Code

Blue_Sky_Harvest
Posted on: Feb 26 2004, 09:13 PM


Group: Member
Posts: 189

26/02/2004 11:53AM 3 Sunny Corner Drilling Results

Sounds like a mine to me. The market has yet to pick up on it.

** !0 metres at 31% combined lead, zinc, copper! *

Adds some interest to the previous 50m @ 6% Cu-Pb-Zn + 1 g/t Au & 45g/t Ag

QUOTE
Posted by siameseparrot (Hot Copper)
Post #244807 - start of thread - splitview
  
GCR have released a very promising drilling report from their Sunny Corner venture. Included is a 10 metre intersection grading 18.6% zinc, 10.8% lead, 1.7% copper, 1.00 g/t gold and 177 g/t silver.

Has the market even read or understood the significance of these grades?


Following is the report.
QUOTE

ASX ANNOUNCEMENT
26 February 2004

Sunny Corner Drilling Results

Intersection of 10m at 31% combined copper-lead-zinc, 177 g/t silver and 1 g/t gold

Golden Cross has received preliminary results for the first six RC holes drilled this year
at its 100%-owned Sunny Corner project, located near Lithgow in NSW. The holes are
part of a 17 hole programme for 1,600m, designed to test extensions to known
mineralisation and targets with coincident geochemical and geophysical anomalies.

Thirteen of the seventeen holes have been drilled to date, and drilling is continuing.
Significant results from the first six holes are tabulated below, and assay results for the
remaining holes are awaited.

Sunny Corner - Significant Drill Intersections February 2004

Hole No  From Intercept Copper Lead Zinc Gold Silver
(m) (m)  (%) (%) (%) (g/t) (g/t)
GSC-32 34 14 0.2 1.3 2.1 0.09 22
GSC-36 46 26 1.2 5.9 12 0.42 93
incl 46 10 1.7 10.8 18.6   1 177

Hole GSC-36 was designed to test the down-dip extension of mineralisation outlined in
holes GSC-03 and 14. This mineralisation forms part of the Rollover Zone, where
historic workings are reported to contain abundant sulphide material. A number of old
workings, some containing stope backfill, have been encountered in some holes.

Geological interpretation suggests that the Rollover Zone is a fold structure and its
western limb may be more flat-lying and contain less faulting than previously inferred.
The significant intersection in hole GCS-36 indicates that the pre-mining true thickness of
the sulphide zone was about 20m to 25m. This hole passed through six metres of stope
fill before encountering the sulphide at 46m downhole, where it intersected 26m at 19%
combined copper-lead-zinc, 93 g/t silver and 0.42 g/t gold, with a true thickness of
approximately 15m – 20m. Drill data and old records suggest that historic mining
extracted a thickness of only one to five metres of material in the hanging wall section,
with significant sulphide remaining in situ.

Holes GSC-32 and 33 also tested the Rollover Zone, about 90m and 30m south of GSC-
36 respectively. Both holes contained significant sulphide mineralisation, with GSC-33
containing a broad zone of pyritic rock (iron sulphide), instead of the base-metal sulphide
(copper, lead and zinc) found in GSC-36. Holes GSC-034 and 35 failed to reach their
targets due to poor ground conditions. Hole GSC-37 was drilled 30m immediately to the
north of GSC-03 (see diagram) and returned similar grades to GSC-03.

Golden Cross is encouraged by the results to date from its third drilling programme at
Sunny Corner. Only four holes reached their targets, and three of these holes reveal that
high grade sulphide zones are continuous in lateral extent, both down-dip and along
strike, and that the zones host potentially mineable thicknesses of mineralisation.

Further, the intersections reveal that appreciable copper (locally in excess of 2%) and
silver (locally in excess of 200 g/t) also occur in the sulphide zones.
Further results will be released as they come to hand. These results will, together with
results from the first two drilling programmes, form the basis of the next drilling
programme to advance the project.

Enquiries: info@goldencross.com.au
* * * * * *
Golden Cross is a gold and base metals explorer, searching in NSW for large deposits in
highly prospective mineral belts, providing significant potential upside for the speculative
investor.

The Company holds significant mineral tenement positions within the Lachlan Fold Belt,
which contains Cadia-Ridgeway, the highest gold site revenue earner in Australia.
Golden Cross also holds a major land position in the Curnamona Province of western
NSW, which contains the world class Broken Hill orebody, the largest deposit of its type
in the world.

This report was prepared by Chris Torrey, full time employee of Golden Cross Resources Ltd, who is a Member of the AIG and has more than five years experience in the field of activity in which he is reporting.

Here is the market so far.
Attached image(s)
Attached Image

 
  Forum: By Share Code

Blue_Sky_Harvest
Posted on: Feb 25 2004, 08:09 PM


Group: Member
Posts: 189

Alkane is an important mining stock. And yes, the directors do trade shares. I thought it was more than Cornelius that was trading ALK.

Alkane has the Wyoming deposit (Tomingley). Alkane have made an important mineral discovery at Tomingley. Are Alkane moving it towards a mine? No Alkane are not. ALK just keep drilling more and more and Wyoming gets bigger and bigger. And Alkane keep aquiring more and more ground and deposits around Tomingley.

Alkane got the Dry Blower explorer of the year award. Great piece of geological detective work but can they manage the company onto being a miner at Wyoming? Is exploration and trading the companies shares just too much fun to become Wyoming mine development minded and bring Tomingley into production?

Here's DryBlower's long-winded tale of Tomingley the great exploration achievement: -

QUOTE
Best Australian Explorer of 2003

Wednesday, December 24, 2003
IT PROVED to be a crowded starting grid in the race to find Australia's best explorer. The field ranged from juniors looking for African sparklers (Tawana Resources) to diversified giants bagging elephant-sized oil fields in the Gulf of Mexico (BHPB Oil Division).

The differences in size, country focus and commodity type made for an intriguing contest.

The smallish rock kickers included nickel explorer Western Areas, gold prospector Alkane Exploration, nickel hopeful Sally Malay Mining, base metals explorer Pilbara Mines and cashed up nickel group Titan Resources.

Tiddlers with an overseas focus included Alcaston Mining, an Australian diamond and gold tiddler making a splash in Sweden, Mineral Commodities, the junior with big plans in mineral sands in South Africa, and African diamond seeker Namakwa Diamonds.

The bigger hard rock starters were Kimberley Diamond Company, the Miles Kennedy-led group building up production at its Ellendale mine; Laos specialist Oxiana Resources; Dalrymple Resources, the gold/nickel group now merged with LionOre Mining; East Africa Gold Mines, Geoff Stewart's Tanzanian gold miner that was recently swallowed by Placer Dome; Queensland miner Kagara Zinc, and Canada's LionOre Mining.

Oil on the track was provided by Roc Oil, part owner of the Cliff Head field in Western Australia, Perth Basin specialist Arc Energy and Hardman Resources, a stakeholder in Woodside's exciting Chinguetti discovery in Mauritania.

Who broke down?

Some contenders didn't make it beyond the first pit stop. The nine unlucky starters not to receive a subsequent vote were Sally Malay, East African Gold Mines, Dalrymple, Kimberley, Tawana, Pilbara, Alcaston, Mineral Commodities and Namakwa.

Making it into first gear (with one vote each) were Titan, Hardman and Roc.

The only hard rock specialist among this grouping, Titan could consider itself unlucky to stumble after finding more ore at WMC's old Widgiemooltha project. Hardman probably had more fuel in the tank two years ago, when Chinguetti sprang into prominence and Woodside took a strategic placement. Roc Oil, meanwhile, has had its ups and downs this year on the share market as investors wait for the Cliff Head discovery to deliver on its promise.

Kagara, the Kim Robinson-chaired group that has made a successful transition from zinc explorer to producer at Mt Garnet in Queensland, managed to get into second gear. Kagara plans to double the size of its processing facility as it continues to enjoy exploration success at its various deposits. It recently finished drilling the upper lens of its Balcooma deposit and a total of 10 of the 13 holes returned significant intersections.

BHPB's oil division made it all the way to third gear before running out of steam. Headed up by Phil Aiken, the group recently announced a further spectacular hit at its Neptune discovery, near the Mad Dog and Atlantis development fields in the central Gulf of Mexico. The Neptune-5 well encountered a hydrocarbon column with more than 500 feet (total vertical thickness) of net oil pay. "The well logs at Neptune-5 indicate thick sands, and are amongst the most impressive we've seen in the Gulf of Mexico," said Aiken. "This is a positive result, and the data will significantly enhance our ability to evaluate the commercial viability and development options for the field." BHPB seems to be "kicking ass" in America's backyard. But the group was too big and cumbersome to win a race dominated by nimble juniors.

Back among the rock kickers, Western Areas edged up to fourth gear but faltered mid-race. The Perth-based junior became a blazing share market success last month on the back of solid hits at its Flying Fox zone at the Forrestania project. In the space of one day Western's shares surged by 45% to $1.95, a Poseidon-like performance that stunned seasoned market watchers. If the aim of exploration is to grow the share price, Western must be a front-runner for next year's award.

Chequered flag contenders

Only four contenders were sufficiently well-oiled to make it past the chequered flag. Equal third (each with five votes) were Arc Energy and Oxiana Resources. The latter has gone from strength-to-strength on the back of a solid first year at its Sepon gold mine in Laos. The nearby Khanong copper development is predicted to start in early 2005, building up to an annual rate of 60,000 tonnes. Analysts seemed unfazed last month when the expected cost of Khanong blew out by $US38 million to $US205 million.

Oxiana is certainly a worthy finalist. After buying 80% of Sepon from Rio Tinto in late 1999 for $US22 million, the group has proved to be highly adept at finding more gold and copper ore. Purists might argue that Rio found the deposits and all Oxiana had to do was stick plenty of drill holes into them. But it has proved a master at increasing mine life from astute near-mine exploration. Sepon now boasts a gold inventory of 4.1 million ounces, while the copper mine should run for over 10 years. Spectacular results from the Western high grade zone such as 44m at 11.4% copper should eventually translate into extra mine life.

Sunday, December 14, 2003
WA petroleum group Arc Energy has come out of left field to score a tie with Oxiana.

The contrast between the two could hardly be greater. Unlike Oxiana (hard rock, overseas focus), Arc is a specialist at finding gas and oil on its home turf. It has been one of the prime movers in rejuvenating the Perth Basin via oil discoveries such as Hovea. There is no doubt that seasoned driver Eric Streitberg has orchestrated a solid run for shareholders over the past few years. Arc could have gone all the way, but doubts remain about the longevity of Hovea, which is now in production. Some analysts also wonder if Arc may need to venture overseas to broaden its exploration horizons.

Outright second place getter LionOre Mining has built a reputation as one of the smartest explorers in the country. Its 2002 discovery of the Waterloo nickel deposit in WA built on earlier successes at the Thunderbox gold mine (just 6km away) and the Lake Johnston nickel deposits west of Norseman. Geologists Peter Buck and Dr Mark Bennett are the exploration gurus behind LionOre, while Australian managing director Mark Ashley provides the strategic and financial nous. It is a slick outfit with the runs on the board. Tipped into second place, LionOre may have lost some momentum because of its Canadian origins.

The winner

A long-term trier in the under-explored gold fields of New South Wales, junior group Alkane Resources finished two points ahead of runner-up LionOre. Alkane has struck it rich at its Wyoming gold project. The Perth-based group acquired Wyoming two years ago when it was offered the Tomingley tenements around the old Miles United Workings -- 12km away from a small dump leach operation at Peak Hill. The ground had been picked over by various players in the past decade, but nobody went any further than sparse reconnaissance drilling. Enter Alkane and geologist Ian Chalmers, a technical director of the company since 1986. Chalmers was looking for a small oxide resource at Tomingley to put through Peak Hill. But when the regional metallurgy looked better suited to a stand-alone CIP plant, Alkane decided to broaden its horizons. The big-is-better strategy paid off handsomely on Christmas Eve 2002 when Alkane punched through 75m metres of dirt at Wyoming grading 10.4gpt gold from 183m depth. As its share price doubled in the space of a few weeks, Alkane stated a minimum target resource of 500,000oz.

As of last month Alkane was tallying up the gold, with brokers suggesting that 500,000oz grading 3gpt could support a 75,000oz-per-year mine. Broker Paterson Ord Minnett suggested a conventional openpit operation could be established for around $20-25 million.

By the end of 2003, Alkane will have spent about $3 million drilling out the Wyoming One and Three deposits. The problem is where to stop (a nice worry to have for a junior explorer). Does it keep drilling away towards 1Moz, or try to bring an under-done Wyoming into production and get some cash flow? The betting is on the latter strategy, with the long-running Peak Hill venture slowly winding down.

Once in production, Alkane can continue exploring its 250-square-kilometre block on the rich Lachlan Fold belt for repeats of Wyoming. There is a chance that Alkane has only scratched the surface. In early September the company said that further drill hits confirmed Wyoming was a "substantial mineralised system with potential within and below the drilled zones, and regionally within this largely untested belt". As Alkane learns more about the geology, more targets will be uncovered and subject to drilling programs. Some brokers believe that the best potential lies down plunge – implying an underground operation down the track.

The discovery is testimony to Alkane's perseverance and knowledge in the Lachlan belt, host of Newcrest's multi-million-ounce Ridgeway and Cadia deposits. Alkane has been a long-standing tenant in the pleasant farming district, which boasts a host of infrastructure such as power and roads – along with a ready-made workforce. But the belt has not always been kind to juniors on limited drilling budgets, so Alkane fully deserves a gong for getting stuck in and turning up what looks like a useful orebody. Its key advantage has been a permanent operating base at Peak Hill, which has delivered a $16 million operating surplus since it kicked off in 1996. The modest mine bankrolled Alkane's fossicking in the region, and gave the company time to get familiar with the belt's geology.

Having been rated as Australia's best explorer, it is now up to Alkane to move beyond the drilling excitement and deliver the goods at Wyoming.
  Forum: By Share Code

Blue_Sky_Harvest
Posted on: Feb 22 2004, 10:53 AM


Group: Member
Posts: 189

I certainly hope this topic gets picked up. I’m sure my short trading experience has only scratched the surface of things to watch for. Here’s an e-mail bank scam I frequently get:

Every week or two I get an e-mail ostensively from a bank. These take many guises. One lurk is to warn me of a possible error with my account. The recommendation is that I log on immediately to confirm all is OK. A direct link is kindly provided. Catch is that the link does not go to the real bank - it goes to a clone of the banks log on page. The username and password if typed would be sent back to the criminal.

Some of these cloned logon pages could be convincing to some naïve users as all the links on the header, sidebar and footer actually connect to the genuine site and behave in the normal way. Ones I can recall getting have been for Westpac and Citibank but there have been a number of others. How long before these appear for share trading accounts?
  Forum: Off Topic Chat

Blue_Sky_Harvest
Posted on: Feb 22 2004, 10:19 AM


Group: Member
Posts: 189

This is a topic I (as a newbie) would certainly benefit from.

My congratulations go to Avenger (his post is below) on his honest post about his experience with CQT. On a number of occasions with other small companies I also have had my application cheque cashed only to get my money back a long time after the well-under-the-market shares are issued. Why do they cash our cheques if were not getting any of the offer? I could have used the money for other things at the time. ATX is one I can recall.

In some cases the return-of-money letter may be dated about the time of the issue but the postmark on the envelope (which most people would discard without examination) is a week or more after the issue. Could the company or arms length associates actually be using our money in some way? Would they be able to take up the offered shares and promptly sell at a profit on issue? The long delay of return of funds certainly provides plenty of time for on market selling.

QUOTE
Hello All

I would be a little bit careful with this stock unless you are a new shareholder.
The major objective of the company is paying Directors handsome wages.
Consider this from long term shareholders view:

1) Company does a right issue in December 2002 which finished about April 03.
2) As soon as the money was collected, the shares were consolidated on a one for two basis.
3) Immediately on comsolidation, a placement was announced, at $0.05. Existing shareholders by and large were excluded from this placement even though they accepted our cheques and banked them and kept them for two months or more. When asked for an explanation it was "Placement at Directors discretion, therefore no explanation needed. If you don't like it sell."
4) General shareholders asked to participate in shareholders purchase plan at $0.30.
Who benefits from this? Also implied threat to small shareholders who did not participate.

There is a distinctive lack of ethics by this bunch.
I hope for your sake that they have something, because if they don't and they run out of money, the next lot of shareholders who will be screwed to raise money will be you!

Good luck all

  Forum: Off Topic Chat

Blue_Sky_Harvest
Posted on: Feb 22 2004, 09:28 AM


Group: Member
Posts: 189

I am an infrequent user of ASXboard but may I congratulate you on a insightful site design and a great user feedback approach that I am confident will ensure that ASXboard becomes the premier site of its type.

I'm not sure if this suggestion has already been posted, due to the large response you've had, but can you please echo the ASX code requested in your 'topic created' reply?

By the time I next log on and discover a topic created PM sent by you, I find I might have forgotton the code I asked for. When I go hunting for it at the "here" I have found it has scrolled way into the past and there are lots to choose from.

QUOTE
Your requested Company code topic has been publically created,
and is avaliable for you to post in as soon as you would like.

To find your newly created topic, either search for it using the box at the top right of your screen, or find it in this list here.


Thank you
  Forum: Off Topic Chat

Blue_Sky_Harvest
Posted on: Feb 22 2004, 06:30 AM


Group: Member
Posts: 189

The analysis you seek may already have been done at Macquarie University. I understand this GEMOC group at Macquarie University in the Department of Earth and Planetary Sciences has done just such an oil and gas analysis for comparison with mining exploration which needs to catch up on risk management.

I've an idea the analysis has shown the success rate for oilers has recently improved to 1 in 2. Could be a part of the reason why oilers have become such successful shares to be in lately. Maybe the big end of town hasn't understood this paradigm shift yet. I vaugely recall it used to be as high as 1 in 10 or 1 in 20.

http://www.es.mq.edu.au/GEMOC/annrep2002/Part02.htm

QUOTE
Another highlight of 2002 was the beginning of a new venture with the part-time appointment of Adjunct Professor Mike Etheridge to investigate the Management of Risk, Uncertainty and Value in Mineral Exploration.  This has brought important links with Macquarie Graduate School of Management, added a different interface with the exploration industry, and created a new lively group of researchers.  Mike s research has evolved from work that he has been doing with mineral exploration companies over the past 5 years as a Principal of SRK Consulting, one of the world s premier science and engineering consulting firms.  A number of recent studies of the mineral exploration industry have clearly demonstrated that new mine discovery rates have fallen and discovery costs have risen steadily over the past 10 to 15 years, to the extent that investors are questioning the value fundamentals of the industry.  Countries like Australia, whose economic performance depends heavily on its resources industries, need new discoveries to prevent a gradual erosion of its standard of living.  Mike s research focuses on defining the causes of the drop in exploration performance and developing new systems, tools and practices to reverse the decline.


There will be a paper "Improving exploration performance" that may cover the stats for petroleum and oil as a comparison to mining at the April gold conference in Perth.

http://www.conference.australiangold.org.au/program.asp
  Forum: Macro Factors

Blue_Sky_Harvest
Posted on: Feb 21 2004, 02:59 PM


Group: Member
Posts: 189

I have a small parcel of EXSO (6,000 shares) that I bought Oct-03 for 10c and for a long while was looking at a 10-20% loss. Great to see EXSO jumped this week from 10c Monday close to 14c on Friday close. Volume fairly low however.

EXSO had some steadily building volume and price rises from 8.5c to 12c over a week or two late Jan early Fed-04. Hopefully more is in store. The parent stock (EXS) has been more or less steadily building over the last month from 20c to near 29c now.

I wonder about a maket cap as high as $26M when EXS do not have a reserve or a mine plan in place yet.

The following is from the Q2 report:

85 kt Cu grading 2% at Monakoff and Great Australian of measured + indicated PLUS inferred does not seem to me to be enough for the price jump and interest.

There are others also around Cloncurry - at E1 North and E1 South, a low grade 140 kt Cu grading 0.83% - could this be too low a grade to be a mine?

The cause for the interest may be the White Dam gold results which may be a new mineralised system and lots of 2 gm/t or so intercepts encounterd but further drilling is required.

Another cause for the interest may be Turpentine copper with 8% Cu for 9m in one hole. Or perhaps its the farm out to Placer Dome at Strathfield with results due soon:

QUOTE
STRATHFIELD PROSPECT
Base-Metals
Exco 100% - Placer Pacific earning 80%
Location: 85 kilometres south east of Cloncurry
Placer has completed the first phase of deep diamond drilling at the Strathfield Project. Final results are expected in early
February.
Placer Pacific (Osborne) Pty Ltd (Placer), a member of the Placer Dome Group, is operator of the Strathfield joint venture with
Exco whereby Placer must incur a total of A$3,000,000 in exploration expenditure on the tenement over a period of 5 years to
earn an 80% interest in the tenement. Placer must meet an initial minimum expenditure requirement of A$150,000 during the
first year. After Placer has acquired an 80% interest in the tenement, Placer and Exco will form a joint venture (Strathfield Joint
Venture) to conduct further exploration, development and commercial production of any resource.
Exco retains 100% of its rights to the oxide ores on the tenement. Exco is planning further work this season to evaluate those
resources that may be accessed via open pit and processed at the Great Australia Mine under the agreement with Tennant.


So many propects on the go - guess it is the total of many chances that gets EXSO to $26M. Hopefully a good report that reads like a sure thing mine will turn up soon.
  Forum: By Share Code

Blue_Sky_Harvest
Posted on: Feb 21 2004, 11:45 AM


Group: Member
Posts: 189

Aggressive buying of FCN and FCNO (Falcon Minerals Limited) came out of the blue in the last hour Friday afternoon. Just under 2M FCN traded around 15c against a usual background of less than 1/2M that are usually traded daily.

No recent announcement. Last was the Q2 report at the end of January which had no impact at the time on volume and only a minor and temporary impact on price.

FCNO 20c option expiring Jun-05 had a bid on at 6.1c for 200,000. This was snapped up in one bite at 3:13pm resulting in a 20% jump from the previous close some days back at 5.1c. Someone spending $12,200 on an option that is at 20% over the usual market and 5c out of the money must mean they are very confident about the future of FCN.

Any one know a possible reason for the sudden interest?

I almost sold into the rise nearly all my modest holding (15,000 FCN and 17,000 FCNO). My sell orders are still there but I am wondering about moving them up in price.

I feel I've sold too cheaply lately on almost a dozen other stocks
(eg. HNR at 23.5c, now 32c (carries 1:2 free option ex 20c),
VHL at 52c, went over 80c and now 62c,
DNL at 22c, now 26c,
GIRO at 3.1c, now 4.2c,
KIMOA $1.10, now $1.29,
AUZO at 5.5c (part holdings), now 7.3c,
AIM 4.9c, now 5.4c on a volume and price spike Friday,
AVR 45c, now 60c,
KIM $1.12, now $1.60,
PIO at 18c, now 19c)

All sales were at a profit so not complaining. But it would seem I've been picking the right stock but selling it far too early in the rise. Hopefully I'll get FCN right. Here's a FCN Q2 excerpt:

QUOTE
Q2 HIGHLIGHTS (30-Jan-04)
• Second round air core drilling programme of 129 holes for sulphide derived Ni-Cu-PGE
(nickel, copper and platinum group elements) mineralisation completed at Collurabbie in
December 2003 and awaiting assay results by WMC.
• Voisey’s Bay or Norilsk style nickel targets identified within the Saxby Project Qld being
readied for drilling.
• First drill results at Black Hill S.A. detect anomalous copper and PGEs that indicate the
likely presence of shallow disseminated sulphides.
• Geophysical modelling identifies three Ridgeway style gold-copper targets to be drilled
within the Cargo joint venture area.
• First calcrete auger sampling results confirms the Palthrubie and Acraman projects are
prospective for structurally controlled gold deposits in addition to Olympic Dam style
mineralisation.
  Forum: By Share Code

Blue_Sky_Harvest
Posted on: Feb 21 2004, 12:26 AM


Group: Member
Posts: 189

Current SPP closed today - is anyone going in for it? 1:1 entitlement. Seemed a close one to call - free 10 year options (5c exercise) 1:1 but current sales of ARO at 7c and SPP is 10c.

By taking the difference between the exercise price and ARO's current price I concluded the options might be worth from 3c to 2c. So in total this SPP is a waste of my time. A dissapointment as I bought ARO at 10.5c to participate in the SPP.

Joe Gutnick seems to have got it wrong. Maybe its all part of his vision. Maybe there are followers who buy on faith and it does not have to be a worthwhile offer. Thats not the way I see investing. For me ARO was a bad buy as the SPP is a dud. It is not underwritten, so I can't see any good of it for anyone, Joe or the investors.

ARO was never ever posted on HC.

Another Gutnick stock with a mean SPP that may fail.
  Forum: By Share Code

Blue_Sky_Harvest
Posted on: Feb 21 2004, 12:17 AM


Group: Member
Posts: 189

Current SPP closed today - is anyone going in for it? 2:1 entitlement. Seemed a close one to call - free 10 year options (5c exercise) 1:1 but current sales of JWM at 5.3c and SPP is 7c.

But by comparison with QUR and QUROB I concluded the options might be worth from 3c to 1c. So in total this SPP is a waste of my time. A dissapointment as I bought JWM at 8c to participate in the SPP.

Joe Gutnick seems to have got it wrong. Maybe its all part of his vision. Maybe there are followers who buy on faith and it does not have to be a worthwhile offer. Thats not the way I see investing. For me its a dud. Not underwritten, so I can't see any good of it for anyone, Joe or the investors.

JWM only ever got two posts on Hot Copper, and they seemed cynical:

QUOTE
Subject johnson's well mining
Posted 03/09/03 23:48 - 52 reads
Posted by hermoso
Post #135661 - start of thread - splitview
 
Johnson's Well Mining (JWM) and Falcon Minerals (FCN) have had increased activity in the last couple of months. JWM $0.065 to $0.105 and FCN $0.03 to $0.16 FCN has done a runner, JWM appears to be accumulated.

Both JWM and FCN claim 20% of the Duketon Joint Venture to be their own, with Newmont Mining as their JV partner...?

Both are also associated in Collurabbie ~160kms north of Laverton, JWM targeting gold, FCN nickel

Does anybody hold an opinion on why JWM appears to be held back and possibly accumulated?

I hold OXR, EDN, GUN, WSA, GIR, BDL, JWM & GUN
   

Subject re: johnson's well mining
Posted 04/09/03 00:11 - 53 reads
Posted by dlux
Post #135666 - in reply to msg. #135661 - splitview
 
well, well, well, another of Gutnick's stable that has just started to move along with QUR &
GRK (up 6.5c today) JWM & QUR have enough money to buy tea & biscuits until the end of
sep..........this year. However Joe may or may not bail them out from time to time.QUROB would be the buy of the century if you could pick it up at 1c as it is the longest running option of all time. As are some others in QUR/JWN expire on Oct 2012 and I thought 5 yrs was the max for options. Must have moved the goalposts yet again.Maybe it will be the second coming if Diamond Joe can find the goods.
  Forum: By Share Code

Blue_Sky_Harvest
Posted on: Feb 19 2004, 10:54 PM


Group: Member
Posts: 189

IN REPLY TO A POST BY colaiscute, Wed 18/02/04 05:30pm   [READ POST]

I am looking for websites that will help in estimating the price to pay for an option (eg GTMO, MRCOA, EXSO, JAKO, RIMOA, URLO, GDAOA are a few I have). I think the technical term may be çompany option for this sort of option.

I would expect that there would be calculators about that allow for the various factors eg:
- exercise price of the option
- date of expiry (ie how long the option has to run)
- current price of parent share
- some volatility factor(s) for the parent share eg years high and low

Has anyone come across a few sites with this sort of calcultor? Hope this is the right place to ask this. Thank you for a great site.
  Forum: Off Topic Chat

Blue_Sky_Harvest
Posted on: Feb 16 2004, 11:15 PM


Group: Member
Posts: 189

IN REPLY TO A POST BY rcbs, Mon 16/02/04 09:06am   [READ POST]

rcbs

For a first post you have done very well. My jaw hit the floor. $24M - could it possibly all be on airborne gravity? State governments are VERY conservative and would not be spending $24M on something that might look like a Simpsons monorail. Could this be a political coup. "Minister recently commited to new technology and now in NSW (or Ellendale) drilling has shown it has turned up a new major deposit? Stuff to burn out the calculator with trying to work out the return on GRN if this is the scenario.

On the other hand, maybe its just whatever airborne is needed or considered most effective or missing in the provinces nominated. Could it just be any of or a combination of already long proven technologies such as magnetics and radiometrics if the existing coverage is not good in the nominated areas? Maybe some airborne EM is included too.

Why wasn't the press release more clear about what new airborne technology was to be contracted? Clue 1: 25% of WA already covered - surely airborne gravity would be way less than 25% but mag would be over three times this - so no answer here. Clue 2: "images of what lies 50 to 100m beneath the surface " - could this be any airborne technique? Still baffled.

Again rcbs a great first post - certainly something I'd not picked up on. GRN-ers will be winners. biggrin.gif
  Forum: By Share Code

Blue_Sky_Harvest
Posted on: Feb 15 2004, 11:59 PM


Group: Member
Posts: 189

Sandy

I look forward to your detailed analysis on WTE following this weekend. I had a cursory glance and am surprised WTE has a market cap of $25M. Interesting that WTE got $7M recently from an entitlemet issue. Will it grow WTE's asset base?

I can't see a lot in their quarterly report to get excited about. 1g/t mostly. What irked me was the Q2 pdf was poor quality - like a black and white scan. Seems WTE may not have a website either. "No website - no buy" says a friend of mine. Technical competence is a key in exploration I feel. Do you already hold WTE or WTEO?
  Forum: By Share Code

Blue_Sky_Harvest
Posted on: Feb 15 2004, 11:18 PM


Group: Member
Posts: 189

GCR - Has many drilling programs running concurrently - about ten as I recall. Could Australia be close to a new Broken Hill being found - if so GCR are looking good to be a candidate for it. GCR have GRN targets in the BH region and this technology may turn up a new world class deposit. If Falcon does hit the jackpot, the JV partner (eg GCR) and GRN will soar.
Attached image(s)
Attached Image

 
  Forum: By Share Code

Blue_Sky_Harvest
Posted on: Feb 15 2004, 11:10 PM


Group: Member
Posts: 189

Applications under current SPP (1:1) were to expire Tuesday 20th Feb. So tomorrow was to be the last day for express post on RMS. However, the closing day for Rights Acceptances has now been extended to 5.00 p.m. Adelaide time on Friday, 5 March 2004 (announced 11/2). $2.5M underwritten of the $4M.

Offer price is 11c. Shortfall shares can also be applied for. No options included. To raise $4M. Current Market cap is $2M - seems low considering RMS have a modest Au resource to mine and some exploration prospects.

The offer letter boasts that 11c is a 24% discount to the last price on the ASX prior to the date (24-Dec-03) of the announcement of the offer.

This one is a close call. Has been drifting down for a few months and closed on Thursday (12/2/04) at 11c. Gyrates badly and has never had any good direction since listing (31-Mar-03 at 20c with 1:2 free options). Ordinary investors never had a chance yet to get out at a profit.

Someone badly dumped this company on the 21st January - price spiked way down on high volume. Wonder what price the seed investors got in at and what proportion of the shares they hold? 10c may still be double their money perhaps. Ordinary investors in the IPO have had a sorry run in RMS so far.

Any way, with the extension of the closing date I don't have to decide tonight so I can wait and see till Wednesday 3 March for my decision.
Attached image(s)
Attached Image

 
  Forum: By Share Code

Blue_Sky_Harvest
Posted on: Feb 14 2004, 10:06 PM


Group: Member
Posts: 189

Congratulations Trader, and bbq that is a most impressive result.

My question is: Can I read the each entrants tip and the four line reason submitted with each tip?

Thanks ASX board for running this site but are you the only ones who get to read the full detail of the choices and the reasons?

Great site.
  Forum: Investment Discussion

Blue_Sky_Harvest
Posted on: Feb 13 2004, 12:53 AM


Group: Member
Posts: 189

puke.gif lme big green day - ni up 3.6%, cu up 3.9%

Everything is green on the London Metal Exchange tonight. Little by little Nickel is edging up - good rise tonight. It happened to MCR (mid tier producer), now TTR is on the way, AUZ building now to follow shortly. AUZ has high grade intersections and plenty of scope for new finds around Blair. 27c the next AUZ target. AUZO is spectacular - timing brilliant. lmaosmiley.gif

Copper is unstoppable - no pauses for Cu. Chinese New Year well and truely gone and China's multitude of factories planning and pumping out orders. Emails from desperate buyers proliferating for metals consignments to China. When will it stop? After the Olympics? Here are the figures. Check for yourself. AVL best Cu stock and still languishing - production about to double and AIM listing to happen. Get into AVLO and grin. biggrin.gif

Commodity_traded, Price_US$, Change, %change
FOREX Gold Index 411.40 5.00 1.2
Aluminium Alloy Cash Official 1560.00 32.50 2.1
Aluminium Alloy 3mo Official 1585.00 29.00 1.9
Primary Aluminium Cash Official 1703.50 57.75 3.5
Primary Aluminium 3mo Official 1722.25 58.00 3.5
Copper Cash Official 2707.50 101.00 3.9
Copper 3mo Official 2669.25 85.50 3.3
Lead Cash Official 883.75 19.50 2.3
Lead 3mo Official 849.75 22.25 2.7
North American Special Alum Alloy Cash Official 1657.50 25.00 1.5
North American Special Alum Alloy 3mo Official 1710.00 43.00 2.6
Nickel Cash Official 15632.50 542.50 3.6
Nickel 3mo Official 15555.00 542.50 3.6
Tin Cash Official 6587.50 47.50 0.7
Tin 3mo Official 6572.50 45.00 0.7
Zinc Cash Official 1082.75 27.50 2.6
Zinc 3mo Official 1097.75 25.25 2.4

http://newsvote.bbc.co.uk/1/shared/fds/hi/...three_month.stm

This Jan04 AUZ report is great:

QUOTE
22 January 2004
AUSTRALIAN STOCK EXCHANGE LIMITED
Via Electronic Lodgement
Number of Pages: 4
Dear Sirs
BLAIR OPERATIONS UPDATE
NEW MASSIVE SULPHIDE TARGETS DEFINED- UNDERGROUND DEVELOPMENT
AHEAD OF SCHEDULE – NICKEL HEDGING IN PLACE
HIGHLIGHTS
• Underground development ahead of schedule – nickel production planned for
early March.
• Surface EM survey defines four new massive sulphide targets - two with existing
nickel intercepts.
• 8,500 m drilling program to test nickel and gold targets to commence in
February on conclusion of EM survey.
• Nickel hedging put in place at A$19,500 per tonne, 25% above the spot nickel
price assumed in budgeted cash flow, will generate estimated A$800,000 of
additional cash flow.
Australian Mines Limited (ASX:AUZ) is pleased to report excellent progress on mining and
exploration activities at its 100%-owned Blair project, and to advise that hedging cover has been
put in place for a portion of nickel production.
MINING PROGRESS
Progress on stage 1 underground capital development has been excellent, with the two cross-cuts
accessing Area 57 from the existing decline now more than one third complete and ahead of
schedule. First ore production is anticipated by March, with every effort being made to
commence ore mining at the earliest opportunity. In addition to ore reserves within the mine
plan, attention is being paid to identifying unmined remnant blocks close to existing development
in the upper levels of the mine that can be readily brought into production.
ASX Release – 8 December 2003
- 2 -
NEW MASSIVE SULPHIDE TARGETS IDENTIFIED
The major surface EM geophysical survey over an extensive area stretching from Blair South to
the Marshall prospect has already identified four conductors (named Triumph, BSA, Rocket and
Indian) that may represent massive sulphides (refer figure 1), and further targets may be defined
before the completion of the survey at the end of January 2004.
The Triumph and BSA EM anomalies are of particular significance as they are located north and
south of the Blair South prospect, where previous drilling has intersected nickel sulphides
grading up to 2.3%. A previous shallow percussion hole directly adjacent the Triumph EM
anomaly yielded a high-grade intercept (1.52m @ 4.3% Ni) from 21m depth. Similarly at the
BSA EM anomaly, shallow drill intersections overlying the contact position and EM conductor at
depth include 6m @ 1.05% Ni and 2m @ 1.04% Ni.
Fixed loop EM (FLEM) surveys will be conducted over these and other EM nickel targets to
assist in effective drill positioning on completion of the current MLEM survey, ahead of followup
drill testing
EXPLORATION DRILLING PROGRAM
Exploration drilling planned for February/March will include 8,500 metres of mixed
RAB/Aircore/RC drilling to test a number of discrete gold and nickel sulphide targets. A gold-insoil
anomaly at Micks Hill prospect will be tested in order to identify potential shallow open pit
gold resources. Significantly, the 300m long soil anomaly at Micks Hill is located about 1
kilometre along strike to the north west from the Goat/18 Footer prospect. Previous results from
sparse drilling between these two prospects has been encouraging, with gold mineralisation now
known to extend for 2.5 kilometres up to the tenement boundary with Harmony’s Golden Ridge
gold mine.
At the Flying Squirrel (formerly Au3) prospect, south east of Blair nickel mine, drilling will test
for extensions to the known mineralisation beneath a 600m x 300m gold-in-soil anomaly.
Previous RC drilling tested only a limited portion of this anomaly. Best drill results to date
include 10m @ 4.54 g/t Au from 3m depth (including 1m @ 24 g/t Au). The mineralisation
appears to be open in all directions. This mineralised trend appears contiguous with a dominantly
soil-covered north west trending structure with coincident gold-in-soil anomalism over a 6 km
strike length. Further systematic drilling of this potentially significant untested structure is
anticipated.
A portion of the mainly soil covered Western Ultramafic unit will be tested by reconnaissance
RAB drilling. Previous soil and auger drill sampling by WMC showed this area to be prospective
for nickel sulphides.
RC drilling is proposed to follow up significant deeper nickel targets from the MLEM/FLEM or
the RAB/AC drilling
HEDGING COVER
As part of risk management strategy for the Blair project, agreement was reached with project
financier Rothschild to hedge 540 tonnes of nickel. The hedging program is structured at two
levels in order to maximum return to the Company. At level one, nickel price is hedged in US
ASX Release – 8 December 2003
- 3 -
dollar and corresponding US dollar revenue stream is hedged in Australian dollar to protect from
the appreciation in Australian dollar exchange rate. In line with this strategy, 360 tonnes of
nickel have been hedged achieving an average price of $AUD19, 500 per tonne of nickel with an
average exchange rate of 0.7277.
In addition to hedging nickel price and AUD/USD exchange rate, the company has entered into a
call option to lock in the USD/AUD exchange rate at a maximum of 0.75 for the USD revenue
from stage 1 that is unhedged.
The combination of these two hedging strategies will generate an estimated additional A$800,000
to budgeted cash flow.
PROJECT PRODUCTION AND ECONOMIC SUMMARY
• Quarterly nickel production (in concentrate) schedule for 2004:
Period Ni Production (t) Comment
March 2004 150 Stage 1 ramp up
June 2004 778 Stage 1 only
September 2004 943 Stage 1/part stage 2 ramp up
December 2004 437 Stage 2 ramp up
• Capital Costs:
Mine Development Capital A$7.4 million
Mine Infrastructure Capital A$1.9 million
• Life of Mine Cost Parameters
Life of mine operating costs/Ni lb (C1) A$2.24 (US$1.67)

Attached image(s)
Attached Image

 
  Forum: By Share Code

Blue_Sky_Harvest
Posted on: Feb 12 2004, 10:38 PM


Group: Member
Posts: 189

IN REPLY TO A POST BY theflasherman, Thu 29/01/04 02:44pm   [READ POST]

Big day out for COE today. COE rose 2c from a low of 23.5c after opening at 24c to get to a max for the day of 26.5c and closed at 26c. Coe had a volume spike of 5M - usually well under 1M. Two outstanding things about the ride:

1. It all happened in the last hour of trading
2. The options (COEO 20c 31-Mar-04) are selling at 5.1c, a 1c discount to COE (26c). 50K COEO sitting there right now at 5.3c. Over 1M COEO at 6c and under at close today.

Just two days ago COEO were 3c and last Friday they hit the low at under 3c. Ian Whitchurch then wrote one of the greatest posts I've yet read:

QUOTE
Subject coeville news
Posted 04/02/04 16:07 - 82 reads
Posted by ian_whitchurch
Post #229341 - start of thread - splitview
 

*a battered figure, grimy and weary, greets the visitor at the enterence to COEville*

Well, y'all, our hospitality might be a might short, here in COEville. As y'all can see, the posse that was sent out 'gainst ol Mystery Dumper aint been too successful, an as you can see the town looks like a pack o' angry mules gave it a kicking.

Well, ol 'Worrior is doin what Worrior does, an if Sellicks was a bit less good than might of been hoped for, then Christies made up for that.

We're up to call it twenny five thousand barrels for the quarter, and we're hopeful that Autumn and Winter will be better 'n that.

But that aint enough for Mystery Dumper, no siree. Property values are down to darn near where they were when this town was founded, and that has allus mightily confused.

We're hopin for some good news, an that those with an eye to the long term will see that this here town of COEville is a good place for your money.


Ian Whitchurch


Fabulous thread - read it at:
http://www.hotcopper.com.au/post_thread.as...id=85318#229341

What insight! Options all underwitten announced today. Supporting plain English and brief BOPD statement also out today. It was "sneaky brokerville pushing the price lower". I have a modest holding of COEO at an average of 4.6c.

I had a second trance sale in for weeks at 5.8c (my first lot was sold at 5.3c 3/12/03). I am currently wondering if I should increase it to say 6.2c - should be possible if this afternoons mania holds up. Thank you Ian. Go the COEville news.

Attached image(s)
Attached Image

 
  Forum: By Share Code

Blue_Sky_Harvest
Posted on: Feb 12 2004, 08:40 PM


Group: Member
Posts: 189

IN REPLY TO A POST BY Cris, Wed 11/02/04 06:08pm   [READ POST]

Crown were hit hard by the falling $US wrt to Rand but like the $A there can't be much left, if any more at all, in that as a threat now.

I like Crown's business plan and expect the expansion of quality producing diamond mines to proceed sucessfully for now on.

I have a small holding of CRDOA at an average price of 10c. CRDOA exercise at 4c by 31-Aug-04 so they are well in the money with CRD at 13c. I expect CRD to get back to 20c as they expansion and scale up proceeds as planned.
  Forum: By Share Code

Blue_Sky_Harvest
Posted on: Feb 8 2004, 09:31 PM


Group: Member
Posts: 189

IN REPLY TO A POST BY Sagitar, Sun 08/02/04 11:36am   [READ POST]

I use a somewhat related method. When a stock moves against me I am at a loss what to do. I rarely, if ever, can bring myself to sell at a loss. Sometimes I do nothing and loose the lot eg CFRO, DIOO.

If on re-examination, I still believe I hold a good stock, I have been averaging down by larger and larger buys. So far I have been lucky more than not. It has been a fortunate market for me. If the market turns down in a big way I could be very exposed. So I’m working hard now to try to try to perceive ways to reduce my risk.

Averaging down has been working well for me on a number of occasions so far; eg TTRO, RRSO, RIO, YAM(close shave). These are some "average down" stocks I'm now out of at a profit (or near free carried) through sales made when the stock subsequently bounced.

But now I am left holding a bundle of others like GTMO where I’m waiting, and waiting, and still waiting for the bounce. Averaging down as they fall; eg MRCOA, GTMO and SRI are my worst three at the moment, all with recent significant falls.

I suspect SRI is probably a lost cause for a while yet. Again I could not find the where-with-all to sell at 16c and loose $1K (30%) when the announcement about not proceeding first came out. From reading HC postings, I expect SRI to fall to 12c – then I’ll probably average down again unless I have a change of heart about the average down approach as you recommend. I currently have good regard for the exploration talent and ground of SRI.

Other averaged-down stocks I currently hold and feel comfortable about include (my averaged-down price and then the last sale price are in brackets);

AFMOC (0.5c, 0.05c),
AGG ($11.88, $10.65),
ALK (37c, 34c),
ASB (83c, 92c),
AUZO (4.1c, 4.0c),
BLNO (4.1c, 3.5c),
CLH ($1.68, $2.14),
COEO (4.6c, 2.8c),
COH ($25.04, $21.90),
CRDOA (10c, 8c),
DDF ($1.10, $1.17),
FCN (16c, 13c),
GIRO (2.4c, 2.5c),
IVK (3.2c, 2.5c),
TTRO (5.7c, 7.5c),
WEZ (40c, 35c),
WEZO (21c, 18 c).

I don’t expect a lot of help from the A$ price of gold in the near term but after reading the Aden sisters on gold posted by croupier on HC I am beginning to feel confident long term.
http://www.hotcopper.com.au/post_single.as...GNO=48944#48944

Will gold rise soon enough for my GTMO? May be. May be not. Possibly GTM will increase resources enough to get over 10c.

What I am looking forward to in the near term is a rise in Nickel stocks on the back of rising Nickel prices in response to the Falconbridge strike.

Any opinions welcome.
  Forum: Off Topic Chat

Blue_Sky_Harvest
Posted on: Feb 8 2004, 10:18 AM


Group: Member
Posts: 189

The MRC Q2 report looks good. The proposed move to South Africa may help ease the process regarding a rumored SA mining/govt heavyweight joining MRC. If he does join this would ode well for Xolobeni; a world class mineral sands deposit in an impoverished but environmentally contested province.

My two favorite parts of the Q2 report (=Q4 in Sth Af) are:

(1)
"Cash generated from the Company’s investment activities has provided funding for the group’s entire exploration, evaluation and administration activities for the year. The cash burn rate for the year was ‘nil’. Closing cash was the same as opening cash without having raised any new capital or borrowings."

(2) and the highlights read great - just needs patience
"HIGHLIGHTS
- Xolobeni mineral lease option exercised
- Xolobeni Empowerment Company releases Community Empowerment and Social Plan
- Tormin prospecting application recommended for approval
- Tormin Bankable Feasibility Study commences
- Bateman agrees to take placement of $450,000 in Mineral Commodities
- Management of Xolobeni and Tormin projects to be transferred to South Africa
- Trekelano option finalised
- Pre tax profit for the year of $0.5m
- Cash generated from investment activities funds all exploration, evaluation and administration activities of the group for the whole year."

The following post from sandune on HC strikes a positive chord:
"The Tormin deposit will happen before Xolobeni, but read between the lines of what s/africian government leaks are being dropped MRC will get the green light, watch out for a ex s/africian / mining heavy to come MRC team."

I hold MRCOA at an average price of 4.8c. The excellent Q2 report looks to have put a stop to the recent southerly drift of the MRC share price (closed 27c Friday). A decline that has been enormously magnified in MRCOA (25c option expiring 31-May04 closed 3c Friday 6/2 down from recent highs of 10c plus).

MRC management have a unusual wheeler-dealer talent that results in windfalls out of left field (eg FMG's spectacular SP success, ALD float and surprise pacific island JV). Will the ABK phosphate resources rumour deliver more surprises? Anyone got further news on this? Any comments on MRC welcome.

Attached File(s)
Attached File  MRC_Q2_00413712.pdf ( 396.7K ) Number of downloads: 3553

 
  Forum: By Share Code

Blue_Sky_Harvest
Posted on: Feb 1 2004, 11:36 AM


Group: Member
Posts: 189

IN REPLY TO A POST BY rosskend, Sat 24/01/04 10:45pm   [READ POST]

I am interested to hear any views on GTM/GTMO in light of the big GTMO fall over the last week from two cents down to Friday's close (30/1/03) of just one cent. Do you anticipate the options will be in the money by OPTION EXPIRY 30-JUN-2004?

As I see it, the company is good, the prospects for more finds are good and there is a good income flow with some hedging well to GTM's advantage near A$600 as I recall. GTM have got on well with the locals and have an opportunity to apply new technologies to the Tennant Creek ground that was before them tied up in the native title wilderness for many many years. Unfortunately in the market, perception can be stronger than fact.

I find the recent GTMO price drop to 1c of concern. I have been "double-up averaging-down" on GTMO on 0.5c falls (3.2c, 2.7c, 2.1c and 1.6c). Now (at 1c) I am due for another "double-up average-down" but wonder if it could be good money after bad. My average would then be 1.5c. Currently I have a wait-and-see buy order in for 140,000 GTMO at 0.8c that I suspect is unlikely to be filled. An order at 1c on Monday would be fairly likely to be filled I expect.

The price of gold in A$ terms has not been helping over the last few months. Although the A$ seems to have flattened around 77c, I feel gold needs to keep rising for confidence to be restored to many parts of the gold stocks market.

Here are my GTMO trades - I am a small investor and my total cost so far on GTMO ($3,380) is getting a bit big for me to say goodbye to it all. My average price is currently 2.1c which looks sad against Friday’s close of 1c. My next step according to my original approach would be 160,000 at 1c at a cost of $1,600 bringing my GTMO total to $5,000. $5K is my final limit on a high risk spec stock. (Odd how the numbers fit together so neatly.) Holding options can have a lot of upside but enforces a deadline on my patience. Any views appreciated.

2/01/2004 B GTMO 80,000 0.016 $1,299.95
6/11/2003 B GTMO 40,000 0.021 $859.95
28/10/2003 B GTMO 20,000 0.027 $559.95
10/09/2003 B GTMO 20,000 0.032 $659.95

Attached image(s)
Attached Image

 
  Forum: By Share Code

Blue_Sky_Harvest
Posted on: Jan 26 2004, 10:04 PM


Group: Member
Posts: 189

IN REPLY TO A POST BY yogi-in-oz, Mon 26/01/04 09:30pm   [READ POST]

I suppose we should expect to see an announcement for this when the market opens Tomorrow (Tuesday 27/1).

I am an AFMOC holder - so I wonder if I'll get a priority offer of the IPO or whether it will only apply to AFM fpo holders? AFMOC is not an option I would look to convert - well under the money.
Attached image(s)
Attached Image

 
  Forum: By Share Code

Blue_Sky_Harvest
Posted on: Jan 26 2004, 09:51 PM


Group: Member
Posts: 189

IN REPLY TO A POST BY African Queen, Fri 23/01/04 05:38pm   [READ POST]

I also am a GRN believer. I am a small investor and only hold 5,000 but have bought and sold on the way up - getting my first few buys at 25.5c and 23.5c back at 26/8/03 and 2/9/03.

I have also got a similar stake in a number of GRN target holders eg KIM, SKR, GCR. AKD and THX.

GRN-ers will be winners. Good luck to all who hold GRN. biggrin.gif
Attached image(s)
Attached Image

 
  Forum: By Share Code


Cant find what you are looking for? Show all active topics from the last 3 months


New Posts  New Replies
No New Posts  No New Replies
Hot topic  Hot Topic (New)
No new  Hot Topic (No New)



TERMS OF USE  -  CONTACT ADMIN  -  ADVERTISING