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draughtsman
Posted on: Aug 25 2020, 05:05 PM


Group: Member
Posts: 529

Hi deadone,
I'll concede you Photo Stations at those places are closed at those companies you mention - no doubt causing some unfortunate loss of employment but Photo Development as per your list just seems a bit anachronistic in these digital times. mellow.gif
cheers

  Forum: Investment Discussion

draughtsman
Posted on: Aug 24 2020, 05:21 PM


Group: Member
Posts: 529

Nice list deadone. But photo developing? Whole industry would be past its use by date by now, but I guess a few in the genre have put their hand up for some Jobseeker allowance - not sure how advanced they are in Nar Nar Goon but I suspect even down there they know about digital photography.

But what are you trying to say with this list? Should be more businesses shut down or less? Are you advocating for the Swedish model where they kept them all open and they hit the jackpot of 575 deaths per million or where here in Oz we have managed just a meager 19 per million- a rate some thirty times less or about 14000 deaths fewer. I think the shops being shut is preferable. More people left alive after this over to go into them and buy stuff.

For me I am happy to live another day with optimism that we will get through this difficult period because of our restrictions, and then I shall go out and shoot a few pics.
See https://ourworldindata.org/grapher/total-co...ths-per-million

  Forum: Investment Discussion

draughtsman
Posted on: Aug 13 2020, 10:53 AM


Group: Member
Posts: 529

What is the process that employs functional illiterates?

Government cuts to funding
  Forum: Off Topic Chat

draughtsman
Posted on: Apr 8 2020, 05:54 PM


Group: Member
Posts: 529

A jury heard all the evidence and the cross examinations of the witness by a very eminent and prominent legal practitioner.
After all that they concluded that Pell was guilty.
The high court decided on a technical aspect of the law - not the validity of the evidence. They didn't sit in on the cross examination which the jury did.

Simply means that those with an issue will now go straight for compensation rather than go through the courts for findings of guilt.
So are the conclusions of 12 fair men not now relevant?
  Forum: Off Topic Chat

draughtsman
Posted on: Oct 16 2019, 11:17 AM


Group: Member
Posts: 529

Best volume I have seen for a long time too.
And as the saying goes - volume precedes price movement.

And looking of course for price movement in the right direction rolleyes.gif
cheers
  Forum: By Share Code

draughtsman
Posted on: Sep 24 2019, 09:05 PM


Group: Member
Posts: 529

Hi Dr Dazmo,
That $150k per day cost to the airline I understand to be of two components -
One is certainly the cost of the maintenance presumably in manhours and what ever is required to effect a maintenamce procedure, and the balance of the $150k per day to be in lost revenue due to the fact the craft is grounded. I also understand that to perform an inspection on the wingbox ie the part where the wing joins on to the fuselage is at least a three day exercise thus total cost of this procedure is of the order of $450k. This work involves almost stripping the internals of the craft and then removing the floor to just gain entrance into the wingbox. I can imagine the airlines just hanging out for some SHM in this part of the aircraft where with SMN's CVM devices all they would need do is read some gauges in a convenient location to ascertain the health of the structure within the wingbox. Huge savings involved. If there are some 70 CVM sensors attached to the aft pressure bulkhead just imagine how many of these might be in the wingbox rolleyes.gif
cheers
  Forum: By Share Code

draughtsman
Posted on: Mar 1 2019, 12:19 PM


Group: Member
Posts: 529

eb,
Photo taken at Gapstead Wines just out of Myrtleford, Vic back towards Wangaratta.
It is indeed a very good place to hide one's self with some local vino and perhaps watch the wildlife.
cheers
  Forum: Off Topic Chat

draughtsman
Posted on: Jan 24 2019, 11:27 AM


Group: Member
Posts: 529

QUOTE
Nomophobia, a noun, describes the sense of fear or worry that arises when someone is without their mobile phone or unable to use it.


Surely this could have been Onophonia

redgum
  Forum: Off Topic Chat

draughtsman
Posted on: Nov 8 2018, 08:08 AM


Group: Member
Posts: 529

I like the context of thought bubbles.
The just might be the trigger for something to be done or stimulate another thought bubble that advances the idea a bit further.
cheers
  Forum: Off Topic Chat

draughtsman
Posted on: Sep 3 2018, 08:51 AM


Group: Member
Posts: 529

And it is a great report Dr Daz. really sets the scene for some dramatic growth in the application of their CVM technology.
cheers
  Forum: By Share Code

draughtsman
Posted on: Jul 2 2018, 12:42 PM


Group: Member
Posts: 529

Could well be Dr_dazmo,
A mere 25000 shares has moved the price 10 cents or 11.4%. It would appear that it is AEM laying this FOMO scent as unfortunately the SMN folk haven't been seen of late at all.
Add in a scarcity of sellers and it looks like those who want in are going to have to pay up for the privilege.
And thanks for all of you recent previous notes here.
  Forum: By Share Code

draughtsman
Posted on: May 29 2018, 11:33 AM


Group: Member
Posts: 529

Nice news Dr_Dazmo,
Might we presume that they are now into those higher levels of production of their sensor devices all sitting there ready for an avalanche of demand. Yes there just has to be some serious negotiations occurring with multiple potential partners for them to think they would need the extra capacity this new clean room allows them. Just have to suspect that some news is imminent.
cheers
  Forum: By Share Code

draughtsman
Posted on: May 28 2018, 05:49 PM


Group: Member
Posts: 529

Yes dr_daz a lot of activity late in the day.
I see the status code of AC after several of those trades - I cannot find a definition for that code. Do you know what it means?
cheers
  Forum: By Share Code

draughtsman
Posted on: May 14 2018, 12:25 PM


Group: Member
Posts: 529

dr_dazmo,


Pretty sure it is those non-disclosure agreements that keeps a lid on any news progress, and I guess these NDA's are due to the competitive nature of this industry.

But keeping a share market fully informed is another thing – be nice if they might be able to negotiate some sort of release with the people on the other side of the table – something that at least gives an indication that there are things happening – just to keep the market informed.

A lot of comment elsewhere that the share price is manipulated almost as a conspiracy but if there is simply no or little news there are plenty who will wait until a firmer picture is available before making a commitment even if they have to buy at a higher price.

But as per your recent post re additional employees and the upgrading of facilities to allow greater levels of production of sensors this gives one the opportunity to assume a fair bit of detail and have some confidence in those assumptions.

cheers
  Forum: By Share Code

draughtsman
Posted on: May 14 2018, 10:27 AM


Group: Member
Posts: 529

Dr Dazmo
Pretty clear to me that SMN are expecting a strong demand for their sensor device and this view I have no doubt will be based on the discussions they are having with the various airlines and with the likes of Boeing Airbus etc.
Patience has been a must with SMN but every day that passes just has to mean that the time of significant news release is another day closer. Current share prices are quite attractive - er yes compared to what I have previously paid - need to do some more shopping.

cheers and many thanks for you diligent research efforts into this Company.

  Forum: By Share Code

draughtsman
Posted on: May 4 2018, 08:53 PM


Group: Member
Posts: 529

In today's ABC website -

Grattan on Friday: Peter Dutton's bid for more crime-fighting power has bought him a fight.

In the context of the following article nothing to do with the purchasing of something.

Bought brought bring brang and brung - always reminded from early school days of these words that aren't.
  Forum: Off Topic Chat

draughtsman
Posted on: Apr 26 2018, 11:06 AM


Group: Member
Posts: 529

dr_dazmo,

This is a very good and informative link you have posted - all the history of their device plus how the thing works as well.

Yes who might the audience be for all this information? For those in another site be nice if your good work here dr_ dazmo is given some attribution.

regards
  Forum: By Share Code

draughtsman
Posted on: Apr 24 2018, 12:03 PM


Group: Member
Posts: 529

Just a little disappointed in this announcement. I had an expectation they would have had a working model on display at this trade fair or at least been able to demonstrate some operating aspects.

But the device is certainly well presented and the attaching video quite informative. I suspect the main thing David Budge will take away from the trade fair is that a high degree of exposure to Aurora Labs has been achieved and there is no doubt he will be able to communicate the A3D message to those interested in MFP and LFP printing. But clearly still a way to go to get a live one on the floor.

best
  Forum: By Share Code

draughtsman
Posted on: Mar 29 2018, 04:23 PM


Group: Member
Posts: 529

As well as a sell price for their sensor I understand they also are to receive a licensing fee as well.

So whether this fee is included in their $3-4m per month is quite an unknown. But hey as you say $3m to $4m per month is $36m to $48m per year and is a heck of a good start. But it is almost the case that the more information this company releases the more there is to speculate upon.

I wonder if there is some sort of tipping point to be reached where once a few airlines are in on this sensing technology then they will all have or want to follow? I would like to think that this will be the case.

And thanks for keeping us well primed on news on this stock dr_daz

cheers
  Forum: By Share Code

draughtsman
Posted on: Mar 28 2018, 04:49 PM


Group: Member
Posts: 529

Well dr_dazmo,


I think we have just had our dawn. How timely your previous post.


I am of the view the company is very much restricted on what it can say about progress and deliberations with any of the partners they are dealing with hence the virtual news blackouts. Thus in an indirect but very positive way they announce a significant expansion to their sensor production rate by about 4 times, employment of specialised staff to handle this production and a comment about the breadth of potential airlines they are dealing with. So the company wouldn’t be doing this unless they knew some partnerships were all but imminent. I regard this announcement as huge.


Yes indeed it had become dark before this dawn. But now might there be light!!!!




Structural Monitoring Systems plc (“SMS” or “the Company”) is pleased to reaffirm that the recent acquisition of Anodyne Electronics Manufacturing Corporation (“AEM”) has provided SMS with a fully integrated R&D and manufacturing platform. SMS now fully controls and oversees the critical manufacturing, engineering, R&D and quality assurance functions related to the Company’s CVM™ technology platform – coinciding with the commencement of SMS’s full global commercial rollout of CVM™ to major aerospace OEMs and airlines. The process of identification and formal approval for multiple applications, on multiple aircraft types with multiple airlines, is now well underway.

The clear path, and proximity, to significant revenue has allowed the Company to accelerate several key operational and platform decisions:


1- Significantly expand CVMâ„¢ manufacturing capacity at AEM

Sensor production capability at the AEM facility is currently limited to approximately 500-600 sensors per month, due primarily to a lack of clean-room capacity and floor area. The Company will increase sensor production capacity to, initially, approximately 2,000 sensors per month through:

1- significantly expanding the footprint area of the production clean room,

2- purchasing a new, state-of-the-art laser machine used to manufacture the sensors. The cost of this machine is approximately C$40,000,

3- the identification and on-boarding of additional CVMâ„¢ equipment line-production staff which will effectively treble current production staff headcount, and

4- the identification of additional primary materials and parts suppliers to provide full redundancy back up and eliminate potential bottle-necks that could negatively impact “in-house” production capacity.


With these core changes implemented over the next 90 days, estimated top-line monthly sensor revenue will increase to several US$-million per month, and as a clear demonstration of the previously highlighted operating leverage the Company enjoys, this revenue capability will be achieved with a total capital investment of less than $C200,000. SMS firmly believes that the immediate planning and integration of the measures above is essential to satisfying projected industry demand for CVMâ„¢ sensors and related equipment in 2018 and beyond.



  Forum: By Share Code

draughtsman
Posted on: Feb 26 2018, 10:46 AM


Group: Member
Posts: 529

Great find dr_dazmo,

It certainly establishes remote sensing in both its detection and then reporting of it as the way the airline industry is going.

I would imagine the incorporation of the SMN/CVM technology into this HUMS system would be quite a simple extension of what it already does.

cheers
  Forum: By Share Code

draughtsman
Posted on: Nov 3 2017, 04:09 PM


Group: Member
Posts: 529

Or perhaps the best bottle of wine you have in your cellar?
  Forum: Off Topic Chat

draughtsman
Posted on: Oct 13 2017, 06:28 PM


Group: Member
Posts: 529

Be interesting to see what happens Monday next, but my guess is that it will be back on again - trying to send some sort of signal I suspect. And if so what might that be all about?
  Forum: By Share Code

draughtsman
Posted on: Oct 13 2017, 11:00 AM


Group: Member
Posts: 529

Perhaps there is some BOT algorithm that responds to volumes on the sell side compared to those on the buy side and so causes the desired trades to occur, but my understanding of these bot trades is that they only ever seem to be just a few shares at a time and even over a day or so not all that many shares can be procured - so why go to all this trouble to set up this scenario ie the one where the 500k odd shares are placed each day and then withdrawn?

SMN has been a bit of an enigma over the last few months where a company making announcement/agreement has been made with Delta Airlines and then the SP goes into immediate and extended decline. Has been all of sell the rumour sell the fact - just sell.

Regardless - very nice to see this in the green for a change.

cheers
  Forum: By Share Code

draughtsman
Posted on: Sep 26 2017, 03:42 PM


Group: Member
Posts: 529

Great research here dr_dazmo. Plenty going on in terms of SMN's huge contract and agreement with Delta Airlines and then again with the excellent exposure they get at these conferences with both presenters and attendees. But there seems to be a total disconnect between these events and the share price – the company de-risks and sets up its mechanisms for cash flow with profit at about 95% margin before tax and the share price goes south. Go figure as they say. But the problem is when one says what a buying opportunity based on its fundamentals all it does is become weaker again in the next few days. So yes like you have picked up a few more and watching now with intrigue.
  Forum: By Share Code

draughtsman
Posted on: Sep 19 2017, 03:55 PM


Group: Member
Posts: 529

Dr_dazmo,

You describe this as interesting. Might it not be more threatening to SMN as potential/actual competition?

I was of the opinion that SMN with its CVM sensor device had this airframe remote sensing technology almost to itself and that was what made SMN such an attractive investment. Plus the (Accellant) tie up is with virtually the other half of the industry ie with Airbus. Must admit I was hoping Airbus would become a client of SMN. Perhaps the Accellant technology looks at some other aspect of airframe integrity to that which the SMN technology does.

regards
  Forum: By Share Code

draughtsman
Posted on: Sep 4 2017, 10:15 PM


Group: Member
Posts: 529

I don't get it.

You raise a topic posted on another forum and you are responding to it on this Forum. ????

Why aren't you responding where it was initiated?

Has no relevance here.
  Forum: By Share Code

draughtsman
Posted on: Aug 26 2017, 12:40 PM


Group: Member
Posts: 529

From the Huffington Post today

Hurricane Harvey Makes Landfall -

Experts say parts of Texas Could Remain Inhabitable for Weeks

Hmmm - send in another Hurricane Harvey every few weeks to allow life to go on?



  Forum: Off Topic Chat

draughtsman
Posted on: Aug 23 2017, 05:30 PM


Group: Member
Posts: 529

Hi Dr Dazmo,

I missed that Conference call as well and I do not see it yet on their website. From comments I have read posted elsewhere all the information was good even to the point of saying last weeks 'Company making Agreement with Delta' was understated. So a 10% plus decline in the SP as a result of the call - I suggest they avoid these conference calls in the future.

But can't help thinking that the market just doesn't understand what this company is doing and what it will achieve.

cheers
  Forum: By Share Code

draughtsman
Posted on: Aug 15 2017, 11:20 AM


Group: Member
Posts: 529

Dr Daz - your olfactory senses working perfectly.
  Forum: By Share Code

draughtsman
Posted on: Aug 14 2017, 03:31 PM


Group: Member
Posts: 529

QUOTE
Does someone smell news in the air?


Let's hope it is more than a smell of news - and actually the sweet smell of success.

It has all been down in the vat 'brewing' for a long time what ever it is causing that aroma.

cheers
  Forum: By Share Code

draughtsman
Posted on: Jul 13 2017, 10:34 AM


Group: Member
Posts: 529

As their recent announcement on the stem cell based skin cream advises -

QUOTE
Sygenus includes elements such as exosomes, cytokines and growth factors, that are secreted by mesenchymal stem cells (MSCs) and work in concert to reduce pain and inflammation and encourage accelerated healing and repair. Regeneus has developed technology and protocols for the production of secretions of MSCs which have the potential to be used for multiple indications and in a range of delivery methods.


Suggests that this cream might have a much broader application than just for acne ie multiple indications. Can think of things like itching insect bites, perhaps burns including sunburn and even skin wounds where such a cream might apply.

If applicable in these further applications the size of the potential market broadens considerably.
  Forum: By Share Code

draughtsman
Posted on: Dec 16 2016, 04:29 PM


Group: Member
Posts: 529

Ciabatta,

It is all about any red herring will do re early bird's balance sheet comment. All part of this so called post truth stuff - make up anything that is false and make it out to be factual.

But was earlybird actually referring to the NST re a balance sheet issue? Not quite clear from the comment. And stating right here and now I have no idea about what the NST balance sheet might look like.

cheers
  Forum: By Share Code

draughtsman
Posted on: Nov 12 2016, 04:55 PM


Group: Member
Posts: 529

mme,

That link is no longer valid. I presume it is of interest to A3D holders - did you make a copy of it by chance and if so could you make a post on it?

Thanks
  Forum: By Share Code

draughtsman
Posted on: Nov 7 2016, 03:46 PM


Group: Member
Posts: 529

QUOTE
The chemical elements would then be transported to an offshore refinery for final chemical processing into high-value rare earth products,


High value rare earth products eh. Perhaps they might have a talk to the Lynas LYC people first to get the words 'high value' into perspective when talking rare earths.
  Forum: Investment Discussion

draughtsman
Posted on: Aug 28 2016, 06:42 PM


Group: Member
Posts: 529

And learn how to spell as well?
  Forum: Off Topic Chat

draughtsman
Posted on: Jun 7 2016, 04:38 PM


Group: Member
Posts: 529

As per in Google news this afternoon - from the SMH.

Looks awful but is OK apparently

QUOTE
A Sydney university student who dove into wild seas at Bondi a day ago is still missing and feared to be the fourth victim of the state's destructive weather system.
  Forum: Off Topic Chat

draughtsman
Posted on: Apr 24 2016, 05:56 PM


Group: Member
Posts: 529

Excellent nipper

No 5 for me

5. Would thou wert clean enough to spit upon
Timon of Athens - Act IV, Scene iii.

disgustus at its bestus
  Forum: Off Topic Chat

draughtsman
Posted on: Mar 1 2016, 08:11 PM


Group: Member
Posts: 529

Eadie and Keyhoe pulled up stumps on drilling their Balama deposit when they knew they had defined enough to make a mainstream project out of it. Since then Kumova has done almost no drilling - he hasn't had the need. However over at TON it would appear that the drilling continued on and on when it was known that they had supposedly the world's biggest graphite resource. I suggest that although it might be big they didn't stop for one of two reasons - one management with geological experience was lacking and two - they could not find a graphite lode big enough that allowed them to stop so they had to keep looking. If it was not good and known to be not good stop looking by drilling.

But for me it is all about the TON resource - it might be big and if all things were equal - to SYR that is - then TON should be enjoying the same outcomes as SYR, but it would seem they are not equal. And if management is an issue don't forget the bagging that TK received because he was no more than a share broker once. Now he has a $1billion project in his hands and managing it beautifully. Was probably a pretty good share broker in his time too I would suggest. I think you will find the Nicanda Hill deposit is just not as good as some make it out to be. And the market has known this for many a month.

cheers
  Forum: By Share Code

draughtsman
Posted on: Jan 31 2016, 10:10 AM


Group: Member
Posts: 529

Capital issues for TON as well as GMP I think ciabatta. The recent cap raising where just $4m was received is almost all pre committed leaving little to advance their projects. Thus is a likely scenario to sell off one of their assets to gain some funds to allow the other proceed? Quite a conundrum for them ie sell off Nicanda Hill which has been described elsewhere as the biggest load of graphite in the world but will require massive funds to develop, or sell off their interest in Ancuabe which is probably the project most likely to generate funds in the medium term but most likely will not generate enough capital if sold to support Nicanda Hill.

Another cap raising is almost certainly impossible - who would handle it after GMP got left with the baby after the last one and if there was a CR the dilution would be painful?

Phew.

Not held.
  Forum: By Share Code

draughtsman
Posted on: Jan 24 2016, 10:48 AM


Group: Member
Posts: 529

And -- incompetentliness?

Stretches it a bit for me. Stretched as in stretchedliness I guess.

What was that process you went through?


Bets part of this language is that you can ramble though it.

cordialement
  Forum: Off Topic Chat

draughtsman
Posted on: Dec 19 2015, 09:22 AM


Group: Member
Posts: 529

This review is from: Honeywell Wi-Fi Smart Thermostat (Tools & Home Improvement) My former wife loves to take expensive vacations. We live in Ohio, which doesn’t exactly have extravagant places to see unless you like to watch grass growing or interstate construction. While we make OK money, I’m convinced she felt the need to single handedly improve the US economy by taking elaborate vacations: Broadway shows in New York City, gambling in Las Vegas, Spa’s in Arizona, sightseeing in San Francisco. The airlines know me so well they ask about my dog when I call to make reservations. His name is Fred.

In my attempt to try and save whatever I could so the princess could have her nice things I bought this Honeywell Wi-Fi enabled device so I could adjust the HVAC while we were away piling up massive amounts of debt on Mickey Mouse watches. I thought we could save a few bucks by keeping the temp cool in the winter and warm in the summer. The device was easy to install. I did not have the “blue” connector so I had to re-purpose the green one - this required an adjustment to the actual HVAC unit in our home. There are plenty of videos on Youtube to demonstrate how to do this. Within an hour I was up and running.

The device works flawlessly. You can adjust the temp from anywhere you have a Wi-Fi or cellular signal. Little did I know that my ex had found someone that had a bit more money than I did and decided to make other travel plans. Those plans included her no longer being my wife and finding a new travel partner (Carl, a banker). She took the house, the dog and a good chunk of my 401k, but didn’t mess with the wireless access point or the Wi-Fi enabled Honeywell thermostat.

Since this past Ohio winter has been so cold I’ve been messing with the temp while the new love birds are sleeping. Doesn’t everyone want to wake up at 7 AM to a 40 degree house? When they are away on their weekend getaways, I crank the heat up to 80 degrees and back down to 40 before they arrive home. I can only imagine what their electricity bills might be. It makes me smile. I know this won’t last forever, but I can’t help but smile every time I log in and see that it still works. I also can’t wait for warmer weather when I can crank the heat up to 80 degrees while the love birds are sleeping. After all, who doesn’t want to wake up to an 80 degree home in the middle of June? Help other customers find the most helpful reviews Was this review helpful to you?
  Forum: Off Topic Chat

draughtsman
Posted on: Nov 12 2015, 10:24 PM


Group: Member
Posts: 529

QUOTE
Grocondog - just look at the last few announcements by SYR and await the AGM report tomorrow for an accurate update.


Absolutely correct myshares - Syrah building a real business here - brick by brick.
  Forum: By Share Code

draughtsman
Posted on: Nov 12 2015, 01:52 PM


Group: Member
Posts: 529

Hi grocondog,

You giving that previous post a big thanks on the basis that someone responded to your initial post, or a big thanks for the content of the reply?

draughtsman
  Forum: By Share Code

draughtsman
Posted on: Nov 3 2015, 10:59 AM


Group: Member
Posts: 529

Top post there ciabatta,

Points out the dilemma and the enigma that seems to surround this company. But this morning we see notice of a cap raising. Hmmm - might cause some anguish to add to the dilemma and enigma. CR's very hard to do when the share price is in the doldrums and if it isn't now it is most likely to be, as presumably heaps of new shares have to be issued or perhaps their JV partner ends up with another big slab of the company. Regardless ordinary shareholders get diluted.

As Mr Boyle pointed out last week at the Benchmark Mineral Intelligence seminar the CR is likely to be directed towards their Ancuabe project now that Nicanda Hill is on the back burner with all its supposed size and range and quality of product - yes an enigma - why isn't this being developed? So Ancuabe requires between $10m and $30m to develop and then a processing factory in China at $5m. Given that Triton's neighbors are to spend some $200m on their plant my best guess on Ancuabe will be that the $30m will be required so all up perhaps $35m - if their JV partners kick in say 50% then about $17m to be raised from shareholders at say 15cps. So in round terms another 115m shares on the register. That number is getting up some now with already about 380m shares on issue - round it out to about 500m shares on issue. Good number that easy to remember.

draughtsman
  Forum: By Share Code

draughtsman
Posted on: Oct 21 2015, 12:47 PM


Group: Member
Posts: 529

QUOTE
Sourced from a single vineyard the wine sees approximately 10 months in older French oak with only the best batches making the final blend. Jaysen Collins overseas the wine making operations.


From Nick's in Doncaster, Melb.




No doubt the wine making is done with a very hand's on approach from a great distance.
  Forum: Off Topic Chat

draughtsman
Posted on: Mar 24 2015, 08:51 PM


Group: Member
Posts: 529

bereal

Re use and potential market size of expandable graphite that same ASX release of 15/1/2014 from Syrah had this to say....


EXPANDABLE GRAPHITE
Based on customer testwork, Balama graphite can be expanded. The potential customer noted that the Balama graphite was superior due to expansion qualities being 20% greater than their existing supplies of expandable graphite. Expanded graphite has use in areas such as fire retardants, graphite foil, sealing material and others. The market for expandable graphite is relatively small market (about 40,000 tonnes per annum) but it sells for US$1,500 to US$5,000 per tonne.

I would suggest given the above that the recent SP movement of TON has little to do with expandable graphite but more to do with an imminent cap raising at a more amenable price than the preceding 14c
  Forum: By Share Code

draughtsman
Posted on: Mar 24 2015, 03:29 PM


Group: Member
Posts: 529

QUOTE
They do seem to have got a jump on their neighbour on this one, don't you think, maybe they were concentrating on resolving their DFS and missed it.


Well no not at all. Syrah reported this in their ASX release of 15/1/2014 titled Metallurgical Results on Balama East Graphite......
Based on customer testwork, Balama graphite is expandable and hence can be sold in to the expandable graphite market (market size of about 40,000 tonnes per annum).

Two other things one might also derive from the announcement -
1) The market size is estimated at a relatively lowly 40,000 tonnes per annum.
2) A customer has presumably had a decent size sample of Balama graphite and created the expandable graphite so perhaps a customer already anticipating graphite supplies from Syrah for their expandable requirements

cheers
  Forum: By Share Code

draughtsman
Posted on: Feb 2 2015, 05:10 PM


Group: Member
Posts: 529

Well since Keyhoe sold out the share price is now about 6% lower so it looks like Tolga is about 6% short of what Keyhoe was on about.

Or are you looking for some other metrics to make a judgement? Please advise.
  Forum: By Share Code

draughtsman
Posted on: Dec 8 2014, 08:52 AM


Group: Member
Posts: 529

Some quite impressive appointments announced by SYR this morning.

Something tells me that the non announcement of finalized MOU's and off-take agreements is not an issue. I suggest you don't put a team together of this experience and depth unless you have a pretty clear idea of what you expect of your plant and its outputs, and what you believe you can sell and for what price.

I am pretty sure that the selling of graphite - yes I will take 100ktons of that please - like it was butter - takes rather more than someone spruiking at a conference - hey have we got graphite for you! SYR will have spent most of last year developing test samples to the specified requirements of potential customers. We saw them on display at the AGM and it was apparent there was real research and science behind what they have achieved. Yes very client specific.

cheers
  Forum: By Share Code

draughtsman
Posted on: Dec 7 2014, 01:45 PM


Group: Member
Posts: 529

Hi pauldola

You quote..
A questionable Graphite basket price used in its scoping study.

I have copied this from the Update Highlights of the Scoping Study.

Syrah has used a constant selling price of US$1,500 per tonne over 25 years in the Scoping Study, which has not been escalated. This takes into account the different size fractions referenced to the Industrial Minerals published selling prices of those size fractions over the average of the last three years. This has also been cross checked with feedback from graphite buyers regarding the expected price for Balama graphite oncea mine is bought in to production. Syrah has not projected graphite prices to rise beyond year 1. Industrial Minerals project that large flake graphite prices will rise to US$2,500 per tonne (base case scenario) or $3,100 per tonne (bullish scenario) by 2016. Presently, graphite pricing is tracking at the Industrial Minerals bullish scenario. However, when Balama graphite comes in to the market, Syrah expects pricing forecasts to be revised.

Would appear to track with market conditions at the time of the Scoping study - should some other 'think of a number' price have been used?

and then you quote..
Questionable progression on Mou's that imo should have been solidified into some kind of binding agreement/s.

At the AGM it was advised that the MOU with Chalieco had progressed to a statement of intent and that finalization was in the hands of the lawyers

And then you quote...

Ton SP is already at or around its bottom

Let us wait till the next imminent cap raising comes along before we confirm TON's SP is at its bottom.

And then you quote..

Ton has shown and continues to progress professionally and at rapid pace.

I suggest absolutely nothing like the team of professionals that are already now in place at Syrah to take their project forward. I would suggest TON is no more than a one man band at this stage but albeit no doubt doing it all professionally.

And then you also quote..
Ton continues to produce solid news flow and communication with Investors.

Is this implying Syrah don't provide a solid news flow and communication with investors. Let me remind you of a few of SYR recent news flows and investor communications

Water License granted

Pre construction works update

Syrah produces lithium grade spherical graphite

Industrial and Battery grade MOU with Maubeni

Recarburiser overview

and as per the AGM the DFS is due within early next year a document they stressed the want to ensure is correct. Perhaps in this document we shall see basket prices that reflect the current environment and if they are less than they were about 18 months ago don't forget they will be down for TON as well.

-to mention a few.

Perhaps these are a few of the reasons why the SYR SP is where it is. Will it go lower? Of course it can. Will it go higher? After revenues and profits extracted and presumably dividends paid I expect the SP to be higher and this will happen rather sooner than we might see from TON.

Suggest you see TON in its own light not in the glow of that coming from SYR.

cheers
  Forum: By Share Code

draughtsman
Posted on: Nov 13 2014, 12:40 PM


Group: Member
Posts: 529

Describing a golfer on the US circuit who seems to be in all sorts of trouble - legally, philanderly, financially and drugwise I thought this description reasonably colourful.

Then again, Johnson is not exactly regarded as golf's foremost man of letters. Many of his detractors have long agreed that this lanky son of South Carolina has a bag of cement for a brain, as reflected in Rick Reilly's famous remark that "Dustin is so dense, light bends around him".
  Forum: Off Topic Chat

draughtsman
Posted on: Sep 23 2014, 10:05 AM


Group: Member
Posts: 529

The world appears to be awash with iron ore and China doesn't want it all.

Just wonder how Gina's Roy Hill project will fare under these conditions.
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draughtsman
Posted on: Sep 12 2014, 08:54 PM


Group: Member
Posts: 529

Judge Thokozile Masipa sole judge in the Pistorius case finds in a unanimous decision .....

(As the judge read it out)

??
  Forum: Off Topic Chat

draughtsman
Posted on: Sep 2 2014, 12:35 PM


Group: Member
Posts: 529

melua,

Do you know how deep is this deposit underground? I get the feeling it is all a fair way down - so a fair bit of cover with a lot of cost to remove.

draughtsman
  Forum: By Share Code

draughtsman
Posted on: Aug 20 2014, 09:09 PM


Group: Member
Posts: 529

Some pretty optimistic claims in this report
  • The company wants to get Balama North into production and move past SYR in terms of development.
  • Best case scenario could be 2 years to mining and possible to get ML within 3-4 months.
There is probably just a bit more to it than getting a mining license. SYR are probably 2 years in advance of TON already yet they see them selves exceeding SYR in terms of development. Wow. I hadn't noticed SYR management twiddling its thumbs too much of late. SYR about to build plant TON waiting on core sample data. Yep, its graphite, next week we can build the plant.


It will probably take them 2 years to dig out the 100 to 200 metres of over burden before their graphite sees the light of day.

draughtsman
  Forum: By Share Code

draughtsman
Posted on: Jul 30 2014, 11:10 AM


Group: Member
Posts: 529

I think there is a bit of walk before you run in this announcement and I like that approach ie build the graphite processing then a small add on for the initial Va at 5000t and then expand into larger Va quantities as they see fit to.

I big Va processing plant at the start would probably put the time to start up for anything out of Balama another year or so later and that would not be desirable. And in the meantime as they process their graphite they gain plenty of experience in Va extraction which will guide them on any Va upgrade. But they still have the conundrum if they want to big in Va it will mean they will be digging out a lot of graphite and this graphite also has to be marketed. And as we now appreciate there are a few other wannabees in the graphite space possibly coming on stream so there is going to be a lot of the stuff about. I guess the margin after COP will be the end determinant and SYR will certainly have a low COP.

I like the way this company is going about its business.

draughtsman
  Forum: By Share Code

draughtsman
Posted on: Apr 22 2014, 09:07 AM


Group: Member
Posts: 529

No doubt the bull after gorging the hapless runner felt engorged but the runner no matter what condition he was in could not feel engored.
  Forum: Off Topic Chat

draughtsman
Posted on: Jan 30 2014, 03:17 PM


Group: Member
Posts: 529

Just to add a bit more to the Syrah story. At the AGM we heard they hope to advise their intentions re their Mineral Sands deposits by about April this year. Most likely event in my opinion will be that they will sell it over perhaps some free carried interest but who knows. Doesn't really matter much as either approach sort of puts another 10 or 15 mill in the kitty thus further reducing borrowing costs on their plant.

Going to be hard for others to emulate.


cheers
  Forum: By Share Code

draughtsman
Posted on: Jan 29 2014, 03:30 PM


Group: Member
Posts: 529

TON does seem to be attractive due to its closeology to Syrah and of course what the SYR share price has done – so TON can do the same.


But can they do the same really? SYR has a market cap of some $400m and recently raised some $35m in new equity to enable construction of their plant and are probably expecting to spend another debt funded $65m ie $100m in total to finish it off. TON I notice has a current market cap of some $26m – any similar plant that TON might propose to that of Syrah’s and the capital numbers required are just daunting. In effect they can’t go forward without massive borrowings and /or equity raisings through share placements which of course means adding significant numbers of shares to those already issued. Real dilution.


And relatively speaking SYR is much further advanced in its project - perhaps two years further forward than TON - and should SYR start selling volume graphite that seems to me to add to the risk profile of TON considerably.


Thus for me TON might be a trade but I do not see it yet as any form of investment with a low risk profile.

  Forum: By Share Code

draughtsman
Posted on: Jan 21 2014, 07:46 PM


Group: Member
Posts: 529

QUOTE
this is NOT DSO is it???? ....it needs to be benificated ??? yes????


DSO? benificated?

Sorry I'm lost - what do these terms mean?
  Forum: By Share Code

draughtsman
Posted on: Jan 20 2014, 08:55 AM


Group: Member
Posts: 529

And a roundabout way of supporting melua's $25 share price comes from this-

At the AGM we learned that they expect to pay about $100m in tax to the Moz Govt. Moz Company tax rate is of the order of 33% thus profit after tax must be of the order of $200m. Assume an 80% payout ratio gives $160m paid out in dividends. As there are about 160m shares on issue this equates to a $1 a share dividend. If you think on a yield of 5% this equates to a share at the $20 level or a yield of 4% then a share price of $25. Rough rounded numbers but indicative and as melua advises - the market will decide.

draughtsman
  Forum: By Share Code

draughtsman
Posted on: Jan 10 2014, 04:07 PM


Group: Member
Posts: 529

mick,

There is a great deal of computer technical knowledge and wisdom over on the Whirlpool forums. You may get a more detailed response to your question over there.

It is free to login and they don't send you any garbage.

see here http://forums.whirlpool.net.au/forum/7

cheers

draughtsman
  Forum: Off Topic Chat

draughtsman
Posted on: Jan 7 2014, 12:10 PM


Group: Member
Posts: 529

The shorters will be going hard on this one trying to loosen as much stock as possible prior to the quarterly later this month. And then the tactics will change to go long. How can the qrtly have other than good news?

So sagging Sp for the next few weeks until we see that qrtly.

draughtsman
  Forum: By Share Code

draughtsman
Posted on: Nov 29 2013, 09:30 AM


Group: Member
Posts: 529

One of the last pieces in the jigsaw is yet to come and that is the mining license. When that is issued another 'de-risking' occurs - wonder if that might be a trigger to spark some interest. I must admit to being a little intrigued at the time it is taking to issue this license given that the sooner it is available the sooner they start to build the plant which in turn means the sooner it is the revenue/profits occur and so does the income tax to their Govt. Given that this tax will be some 13% of the Moz govts total tax revenue I thought they might have even backdated it. The six month payback period must also mean income tax payable in the first year of operation - or very close to it.

draughtsman
  Forum: By Share Code

draughtsman
Posted on: Nov 14 2013, 10:26 AM


Group: Member
Posts: 529

Thanks Dr Daz,

I do like the bit you have highlighted in red where they have the rights to this technology for human applications - perhaps a long way off but as the source of the material is out of one's own body and so are not foreign any such treatments might actually be not that far away - certainly closer than if it were a new drug formulation. A novel treatment indeed - reinsert some of the tumour cells - the body finds them alien in this instance so develops a defence mechanism and at the same time inhibits the original tumour.

But also of interest this does not appear to be stem cell related so would seem a different arm of science within the RGS organization. Thus not a one trick pony.

The market certainly likes the information

cheers
  Forum: By Share Code

draughtsman
Posted on: Nov 8 2013, 11:43 AM


Group: Member
Posts: 529

Perhaps last night’s Catalyst program on skin repair creams is stimulating some interest. Whilst Catalyst showed that just about every compound had zero impact on improving one’s skin many of the purveyors of the creams were inclined to include the words ‘stem cell’ in their product - no matter how remote the connection – one of them identifying stem cells from apples. (Hardly be true could it?) As we know stem cells are a living tissue so keeping the stuff in a jar or a tube and alive obviously presents some issues. RGS do have the real thing in stem cells for use in other applications – but I wonder if their science may get stem cells into a bottle?



cheers

  Forum: By Share Code

draughtsman
Posted on: Nov 1 2013, 10:31 AM


Group: Member
Posts: 529

It's how the big boys pick up their share.

Soften off the price to frighten the retailers and then buy in.

Fundamentals haven't changed - in fact improving all the time.

cheers
  Forum: By Share Code

draughtsman
Posted on: Oct 23 2013, 12:50 PM


Group: Member
Posts: 529

A guy walks into a bookshop and asks if they have the new book about small penises that has just been released.


Shop owner says I don't think it's in yet.


Guy says "Yeah, that's the one"



  Forum: Off Topic Chat

draughtsman
Posted on: Oct 16 2013, 03:45 PM


Group: Member
Posts: 529

Good detail about Regeneus here - what they have and what they are up to

http://lifescientist.com.au/content/biotec...eneus-494205938
  Forum: By Share Code

draughtsman
Posted on: Oct 13 2013, 08:22 PM


Group: Member
Posts: 529

My whole life experience relating to chips has been no more than with some sprinkled salt.

Obviously gastronomically illiterate. I clearly have missed out.

Pass the catsup.
  Forum: Off Topic Chat

draughtsman
Posted on: Oct 13 2013, 04:35 PM


Group: Member
Posts: 529

QUOTE
Real chips are thick cut, fried in animal fat, and dressed not with catsup but with vinegar. [color=#000000][/color]


What the hell is catsup?

I almost fear to ask of its provenance.
  Forum: Off Topic Chat

draughtsman
Posted on: Sep 12 2013, 11:52 AM


Group: Member
Posts: 529

Religious irony -
Attached thumbnail(s)
Attached Image


 
  Forum: Off Topic Chat

draughtsman
Posted on: Aug 20 2013, 03:33 PM


Group: Member
Posts: 529

Husband Convicted Of Manslaughter After Dutch Oven Goes "Horribly Wrong"






Written by Nick Houldsworth


Mr Brian Flannery was convicted of 2nd Degree Manslaughter today at Peckham Crown Court, receiving a 5 year suspended sentence for the accidental death of his wife, Gloria Flannery, by toxic suffocation, after he gave her a 'Dutch Oven' that went, as the Judge described it, 'horribly, horribly wrong'.
The case for the prosecution argued for the charge of Murder, putting it to the court that, late one weekday evening as Mrs Flannery was reading a Jackie Collins novel in bed and unwinding for sleep, she was suddenly and forcibly pinned under the duvet by Mr Flannery, who sealed the edges with his weight while simultaneously releasing an enormous bolus of flatulence, which displaced all the available oxygen so that Mrs Flannery passed out nearly instantly, and was dead within 30 seconds.

Arguing for the defence, Mr Cavendish QC, stated that Mr Flannery was deeply upset and regretful. The incident was intended as a light-hearted practical joke, indeed it was the first time Mr Flannery had even tried what is commonly known on the street as a 'Dutch Oven', and even then only after hearing some friends talking one evening in the pub after five-a-side football, about 'doing it' to their wives 'all the time'.

They argued that Mr Flannery had miscalculated two crucial factors which led to the tragic outcome. The first being Mrs Flannery's military tucking in of the 600 weight cotton sheets when she made the bed that morning, which created a near airtight seal . Secondly, Mr Flannery had neglected to remember that he had attended a long business lunch at an Indian restaurant on Brick Lane that day, at which he had consumed a dozen onion Bajees, eight Poppadom, six Samosas, and an extra large beef Vindaloo with garlic naan, all washed down with 8 pints of Guinness beer. The resulting trapped wind, which he released within a 6 inch proximity of Mrs Flannery's face, came in at around 6 litres gas of 95% methane by volume.

During sentencing, the judge, The Hon Dame Roberts, said, "I accept that you did not intend that your wife should die in this manner, and I note both your grief and regret, which is why I will suspend your sentence on the grounds of time already served. Nonetheless, the conviction remains, in the hope that you will be an example to other husbands and boyfriends across the UK, and a ray of light to their long suffering wives and girlfriends, that this frankly gross, and often dangerous practice can no longer be taken lightly, or risk facing such tragic consequences as you have."

Outside the court, an emotional and weary Mr Flannery said, "I am truly very sorry for what I did to my wife, and living with the guilt of what I done is punishment enough. I just hope that others will learn from my mistake. I swear, I will never, ever fart in a woman's face again. At least, not in private."


  Forum: Off Topic Chat

draughtsman
Posted on: Aug 18 2013, 05:06 PM


Group: Member
Posts: 529

So which religious circles do you move in?

Can't find one that quite fits your id?

Try http://praguemonitor.com/2013/08/05/czech-...gious-head-gear
  Forum: Off Topic Chat

draughtsman
Posted on: Jul 1 2013, 10:04 PM


Group: Member
Posts: 529

Not a dividend trading strategy but a question.

If you decide to take your Div as a DRP do you still get the benefits of any franking credits that are attached to the dividend if it was taken as a normal dividend payment?

Thanks
  Forum: Investment Discussion

draughtsman
Posted on: Jun 27 2013, 10:21 AM


Group: Member
Posts: 529

QUOTE
Good to see the big Qlder back at the top of the order.


No one ticket holder of the smarmy army.

We are now in an ineluctable state where we have to decide between two - neither better than the other and neither of them above the line. Where the previous incumbent was simply un electible.

Cheers. I think.
  Forum: Off Topic Chat

draughtsman
Posted on: Jun 5 2013, 01:23 PM


Group: Member
Posts: 529

One must hope so Dr Daz.

This company has been remarkably reticent about coming forward about anything in the public sense. It would appear however if you give them a ring they are quite happy to talk to you about all the issues. Why they don't advise of what they are doing or what course of action they are taking just to soothe the minds of suffering shareholders I don't know? But if this price rise is the forerunner of some good news then clearly some know much more than others.
  Forum: By Share Code

draughtsman
Posted on: Apr 23 2013, 10:31 AM


Group: Member
Posts: 529

Also can't log in with Market Analyser - I suspect is an Iress issue
  Forum: Off Topic Chat

draughtsman
Posted on: Apr 23 2013, 09:11 AM


Group: Member
Posts: 529

The latest Java update is for update 21 - the Iress part of D2MX is not compatible yet with this release so when you get the invitation to update click the 'Do later' button. D2MX support will give you a link to Java update version 17 but you will need to uninstall ver 21 first if you have loaded it. And yes Iress do know about it. Be interesting to see how long it takes for them to fix it.

cheers
  Forum: Off Topic Chat

draughtsman
Posted on: Apr 11 2013, 06:42 PM


Group: Member
Posts: 529

I don't think we are done yet.

A big start today I noticed, but then a close lower than the open. Now why would that be? Traders again perhaps?

Let's see what transpires tomorrow.

Incidentally I am in this and quite underwater so I would much rather the SP believed the strong almost aggressive persuasion we have heard about this stock in the recent past. One day we might reach the top floor via the stairway.

cheers
  Forum: By Share Code

draughtsman
Posted on: Apr 10 2013, 04:42 PM


Group: Member
Posts: 529

Indeed definitely one of those down by the elevator and up by the stairs.

This is now a plaything of the traders ie no new news from the company so what is it that is moving the share price around? For tomorrow I quite expect to see half of today's gains removed.

cheers
  Forum: By Share Code

draughtsman
Posted on: Apr 9 2013, 05:01 PM


Group: Member
Posts: 529

QUOTE
How long now before the market trusts SYR as a stock to buy? The world's best graphite resource is still there but the stock code is tainted, investors and traders alike will be very wary for quite some time.


lord elpus,

This is a powerful comment and thanks for it. I suspect many of us are well affected - 'quite some time' I suspect will be exactly that before we see some normalcy again. SYR will be known and avoided as the one where some broking house keeps on exercising their mini warrants. Perhaps it is because CS has some bone to pick with the SHAW people do you think?

If anyone knows that Michael West of the Fairfax newspapers I suspect this would make a very good topic for him to discuss - these 'mini' warrants.

cheers
  Forum: By Share Code

draughtsman
Posted on: Apr 9 2013, 03:03 PM


Group: Member
Posts: 529

So... CS sets warrants and people invest in them to make money expecting the share price to rise.

But if the share price falls to the stop level apparently deliberately lowered to that level by the same broking house - then they lose all of their money to CS.

Have I got that right ? wacko.gif

Where was I when in ShareTrading 101 they discussed this topic?

  Forum: By Share Code

draughtsman
Posted on: Mar 3 2013, 07:37 PM


Group: Member
Posts: 529

Pass around the deodorant in that case. I'll have correct usage if there is a choice. angry.gif
  Forum: Off Topic Chat

draughtsman
Posted on: Feb 25 2013, 08:22 AM


Group: Member
Posts: 529

Oils ain't oils

Date February 23, 2013

For years it was a dietary given: animal fats bad, vegetable fats good. But David Gillespie argues the evidence points to a different conclusion.


Almost every fat we put into our mouths today is a vegetable oil manufactured by an industry that didn't exist 100 years ago. We are eating vegetable oil because it is much cheaper for manufacturers to make food with oils chemically extracted from plant seeds than it is to raise and slaughter an animal. We've also been told that the secret to reducing heart disease is to consume these unsaturated vegetable oils rather than saturated animal fats. Now all the fats in our processed foods are labelled vegetable oils, and the labels are rarely more specific than that. Vegetable oil can be found in everything from potato chips to muffins, frozen foods to canned soups, to enhance flavour and texture.

The irony is that there is no such thing as oil from a vegetable. The products being sold as "vegetable" oils are in fact fruit oils (coconut, palm, avocado), nut oils (macadamia, peanut, pecan) or seed oils (canola, sunflower, soybean, cottonseed, grape-seed, rice bran). While the fruit and nut oils are relatively harmless, the seed oils pose a real risk to our health - and unfortunately they make up most of the "vegetable" oil in our food. It is now almost impossible to buy a packaged or takeaway food that is cooked in anything but a seed oil, and while some seed oils are unhealthier than others, they all contain damaging levels of omega-6 fatty acids.

The process that initially permitted the huge expansion in the consumption of seed oil in the 20th century was hydrogenation, a chemical process that introduces hydrogen to liquid oil extracted from plants under extreme heat, making a thin oil thicker or even solid. Unfortunately, hydrogenation produces its magical thickening effects by turning polyunsaturated fats into trans fats.

A trans fat works in the same way as a normal fat in cooking, but during the early 1990s evidence started to emerge that once these fats are inside our bodies, they significantly increase our risk of heart disease. They do this by decreasing HDL cholesterol (high-density lipoprotein, the so-called "good" cholesterol associated with lower rates of atherosclerosis) and raising the "bad" LDL form (low-density lipoprotein, which contributes to blocked arteries). A series of studies in the UK produced consistent evidence that trans fats also significantly increase a person's chances of developing type-2 diabetes.

Even more worrying, studies on breastfeeding mothers who were eating diets high in hydrogenated seed oils showed that up to 17 per cent of the fat in their breast milk was trans fat, whereas it would normally be less than one per cent. When tested, the babies of those women had significantly lower visual-acuity scores than babies whose mothers had eaten less trans fats.

Hydrogenated seed oils at the time were 25 to 50 per cent trans fats, so the 1990s research was a marketing nightmare for the seed-oil industry. Under pressure from the nutrition establishment, McDonald's in the US switched from frying in beef fat to seed oils in the early 1990s, but within a decade it was facing lawsuits because of the levels of trans fats in the seed oils. By 2006, KFC was in similar trouble over the levels of trans fats in its seed oil-filled fryers.

Seeds of discontent
The seed-oil industry needed a solution and it needed one fast. The officially healthy vegetable oils, such as olive oil, are largely mono­unsaturated, which means they're thicker and don't need to be hydrogenated for most uses. Olive oil seemed the ideal alternative to seed oils, but supply would never be able to meet demand and the cost was also much higher. If food manufacturers had to pay that much for their oil, they might as well return to using animal fats. The obvious solution was to switch from cottonseed- and soy-based oils to an oil that was much higher in monounsaturated fats but was also cheap. Canola oil fitted the bill perfectly. Because canola oil has fewer polyunsaturated fats than soybean oil, it doesn't require as much hydrogenation and has about half the trans fats of soybean oil.


So it was no surprise that consumption of canola oil exploded in the 21st century. In Australia today, canola represents about 45 per cent of vegetable oils consumed. From a minor crop in the late 1980s, canola is now our third-largest broad-acre crop - we supply 20 per cent of the world market. Over the past 15 years, Australian consumption of canola oil has increased 2.4 times. While canola oil is certainly healthier than peanut oil, soybean oil and cottonseed oil - all of which have high levels of omega-6s and next to no omega-3s (a much healthier fatty acid) - canola oil still contains twice as much omega-6 (20 per cent) as omega-3 (nine per cent). Only flaxseed oil, at 57 per cent, has a large omega-3 content.

The research now consistently shows that there's something very, very wrong with a diet where most of the fat comes from seed oils. And trans fats are just the tip of the iceberg. The science suggests that polyunsaturated fats (even without hydrogenation), and in particular the omega-6 fats, could be strongly linked to many cancers and autoimmune diseases. One of the largest human trials examining the effects of replacing animal fats with seed oils was the Los Angeles Veterans Trial, completed in 1969. It was conducted with 846 Californian military veterans randomly assigned to two different hostel kitchens. One kitchen replaced all animal-fat products with a seed oil (corn oil) for the eight-year duration of the study. The other kitchen kept on serving a normal high-animal-fat diet.

The purpose of the trial was to determine whether there was any heart disease-related benefit to removing animal fats from the diet, and on that front it was an abject failure. The seed-oil group had a slightly lower average blood-cholesterol level, but heart disease-related events were not significantly different between the two groups. However, analysis of the published trial data revealed a different, and totally unexpected, result: there was a dramatic difference in cancer deaths between the two groups, with the incidence of fatal cancers in the seed-oil group nearly double that of the normal-diet group by the end of the eight-year trial.

The kosher conundrum
Israel, completely by accident, has been conducting its own trials of a diet high in polyunsaturated fats. The requirement that food be kosher places significant restrictions on animal foods but not on most plant-based foods. As a result, the Israeli diet has the world's highest concentration of polyunsaturated fats; in 1996, about 12 per cent of the energy Israelis consumed came from polyunsaturated fats, compared to about five per cent for Australians at the time.


Unfortunately, Israel also boasts among the world's highest rates of heart disease and some types of cancer. This is despite eating what nutrition authorities would once have regarded as the perfect diet: high in polyunsaturated vegetable fats. Often referred to as the "Israeli paradox", this is the flip side of the "French paradox" (the French have historically had very low rates of these diseases and consume a diet that is relatively high in saturated fats).

But the harm doesn't stop there. In 1996, researchers from the Karolinska Institute in Sweden recruited 63,870 women aged between 40 and 76 and monitored their diet and the occurrence of breast cancer for an average of 4.2 years. The dietary questionnaires used in the study enabled the researchers to determine how much saturated, monounsaturated and polyunsaturated fat the women were eating. They found no association between a woman's total fat or saturated-fat intake and her risk of developing breast cancer. Higher consumption of monounsaturated fat reduced the risk of breast cancer by 20 per cent, but high consumption of polyunsaturated fat did exactly the opposite. Just as earlier studies on rats had predicted, those women consuming the most polyunsaturated fat were 20 per cent more likely to develop breast cancer than the women consuming the least. More recent research is starting to suggest that polyunsaturated fats, and in particular the omega-6 fats in seed oils, may also lie behind the accelerating incidence of diseases as diverse as macular degeneration, allergies and even asthma.

We don't appear to need any more than three to six grams a day of polyunsaturated fat (and of that, only half should be omega-6). But now that seed oils are used in just about every commercially produced food, the amount of omega-6 oil we consume has exploded. In Australia, our average polyunsaturated fat intake is currently at least 22 grams a day, or 11 per cent of our total kilojoule intake - more than double what it was in 1996. That means our consumption of omega-6 fats has substantially increased.

Fried food is a significant source of omega-6 fats. When we deep-fry, say, a potato, it acquires about 20 per cent of its cooked weight from the fat it is boiled in. This means that food fried in an animal fat will have around two grams (or less) of polyunsaturated fat per 100 grams, but food fried in a seed oil will have almost seven times as much; we would obtain twice our minimum daily requirement from just one small serve of McDonald's fries. And the deep fryer isn't the only place you will find these unhealthy fats. A slice of toast spread with margarine will have 15 times as much omega-6 fat as a slice covered in the same amount of butter. Even the bread is a problem, because there are almost no supermarket breads which are made without seed oil, and some contain your entire maximum daily allowance of omega-6 in just two slices (without the spread).

Unhealthy processes
As a general guide, seed oils are used to make baked food crispy and sauces gooey. Mixer sauces (you know, the sort of pre-made sauce that turns your chicken or mince into something flash) often include vegetable oils and should be avoided. You'll also find huge amounts of seed oil in mayonnaise, pesto, most salad dressings, soy milks and, bizarrely, liquid versions of breakfast cereals. Almost everything in the supermarket freezer section, except the snap-frozen vegetables, contains seed oils. If the food you are considering is not baked or fried and is neither crunchy nor saucy - which leaves, well, not much - then you are likely to be on to a winner.


Of course, the easiest way to avoid all seed oils is to not eat processed food. But if you have to live in the real world and you'd prefer not to have to assemble everything you eat from the raw ingredients, then you'll need to get good at reading labels. If you eat this way, your life will be immeasurably better. You'll materially reduce your risks of developing macular degeneration, heart disease and cancer, and it is likely you will significantly reduce the risk of your children suffering from food allergies and other auto-immune diseases. The best solution of all is to keep seed oils out of your life.

David Gillespie's book Toxic Oil (Viking, $30) is released this week.

  Forum: Off Topic Chat

draughtsman
Posted on: Feb 24 2013, 01:14 PM


Group: Member
Posts: 529

Rice Bran Oil also high in omega 6 fatty acids and got an avoid.

I also thought rice bran oil was ok because of its high temp tolerance before it broke down or what ever happens under high temps.

Here is part of the text - (The Age Good weekend Magazine)

The irony is that there is no such thing as oil from a vegetable. The products being sold as "vegetable" oils are in fact fruit oils (coconut, palm, avocado), nut oils (macadamia, peanut, pecan) or seed oils (canola, sunflower, soybean, cottonseed, grape-seed, rice bran). While the fruit and nut oils are relatively harmless, the seed oils pose a real risk to our health - and unfortunately they make up most of the "vegetable" oil in our food. It is now almost impossible to buy a packaged or takeaway food that is cooked in anything but a seed oil, and while some seed oils are unhealthier than others, they all contain damaging levels of omega-6 fatty acids.


I can post the entire article if that doesn't break any rules
  Forum: Off Topic Chat

draughtsman
Posted on: Feb 23 2013, 10:59 AM


Group: Member
Posts: 529

Article in today's The Age weekend magazine - 'Oils ain't oils' - worth a read . Is taken from a book by a David Gillespie 'Toxic Oil'

Basically says those 'vegetable' oils we have all moved over to are tantamount to rat poison - there aren't any vegetable oils they are from seeds and consequently full of omega-6 fatty acids. There use has little impact on heart disease (prevention) but a huge impact in cancers diabetes and asthma. Move to olive oils or go back to dairy based products if you have to use them.

Concludes by saying - 'keep seed oils out of your life'.

cheers

PS I have nothing to do with The Age or David Gillespie and try to keep healthy with a walk each day but am guilty of consuming vegetable oils.
  Forum: Off Topic Chat

draughtsman
Posted on: Feb 11 2013, 09:05 PM


Group: Member
Posts: 529

So children, our word for today is -

anosognosic



which means










The definition of being anosognosic is that one is so stupid they don't even realize it. Or as wikipedia puts it -

Anosognosia (pron.: /æˌnɒsɒɡˈnziə/, /æˌnɒsɒɡˈnʒə/) is viewed as a deficit of self-awareness, a condition in which a person who suffers certain disability seems unaware of the existence of his or her disability.

I trust not even being aware of the word is not an early warning sign of the condition. Came across the word in a PC Geeks forum. Someone there well read in more than how to wire up a PC.

cheers
  Forum: Off Topic Chat

draughtsman
Posted on: Jan 25 2013, 03:13 PM


Group: Member
Posts: 529

The term 'my bad' now seems to be the hide behind when someone stuffs up.

I suspect it is a contraction of 'my badness' - which does actually sound like I will accept blame for stuffing up, whereas 'my bad' sounds more like an excuse for an excuse.

Unfortunately there doesn't seem to be room for a 'sorry' any more.
  Forum: Off Topic Chat

draughtsman
Posted on: Jan 25 2013, 07:33 AM


Group: Member
Posts: 529

I wonder if in fact the Vanadium might be more trouble than it is worth to recover.

I will presume that the Vanadium will be separated out at the mine site - what sort of a mill will this require and how much will it cost? I suggest it might be more than $80m.

Will this process impact on 'the large graphite flakes' and so devalue their final product?

Just some questions. I have no chemistry in this area to draw on to help work it out.

cheers
  Forum: By Share Code

draughtsman
Posted on: Jan 4 2013, 01:40 PM


Group: Member
Posts: 529

Thanks Arty,

I notice you have placed your 161.8% zero line at the base of the body of the candle and not on the lower end of the wick or tail. Any reason for this? Not that it really impacts much on where the 161.8% point of the Fib indicator lies.

r
  Forum: By Share Code

draughtsman
Posted on: Nov 26 2012, 01:51 PM


Group: Member
Posts: 529

Regardless of the way Charles may express himself via his Mother's English he himself is

QUOTE
Enough to make you cringe and turn Republican


as arty has mentioned.

This man is deep into dork territory.
  Forum: Off Topic Chat

draughtsman
Posted on: Oct 2 2012, 12:51 PM


Group: Member
Posts: 529

Sette,

I think you have tried to add one and one to get three on a few things here.

Takeover? Doubt it. Not that I read all the goss but I haven't seen anything about this.

And Trading Halt as a game played against shorters? Trading halts are allowed only under strict circumstances and given Twiggy has just been through a High Court exercise for some alleged governance issues a few years ago I doubt he would be playing games under the guise of a Trading Halt.

More likely to do with the disposal of some assets they no longer deem to be a core requirement and so continue to reduce debt.
  Forum: By Share Code

draughtsman
Posted on: Sep 25 2012, 05:24 PM


Group: Member
Posts: 529

QUOTE
"Sharon & me was down the PUB LAST NIGHT



They weren't, were they? Go on. Tell me another. And don't shout at me.
  Forum: Off Topic Chat

draughtsman
Posted on: Aug 27 2012, 09:06 AM


Group: Member
Posts: 529

Flower,

I think you will be disappointed in the screen size on a lap top particularly if you are to use it for MA6/7* and so you will really need to take up arty's suggestion of another screen to run with the lap top. Then in doing this you loose the benefit of the mobility of the lap top and I can almost guarantee you won't like laptop keyboards compared to a standard key board.

Have a look at this link under Basic configurations or Gaming Multi Purpose. If you find a spec you like take it to a PC shop and get them to build it for you - normal build charge is about $70. And request them to install 64 bit Windows 7 Home Professional - OEM fee is about $99 This then allows the Windows operating system to use more than about 2.5Gb of RAM.

*In my opinion MA7/D2MX is inefficient in its screen usage so you need all the screen you can get to show watchlists, depth, and charts.

regards
  Forum: Off Topic Chat

draughtsman
Posted on: Aug 21 2012, 02:26 PM


Group: Member
Posts: 529

The post below has it all. From the TIS thread elsewhere it is emotive hard hitting very descriptive and certainly gets the message across. By poster horsefly - it does indeed have a bite. As you will detect there is a certain angst about SM the CEO runs the business.

QUOTE
With SM as the driver, we are not sitting in the backseat as most shareholders are, we are kept in the boot - with absolutely no idea what is looming ahead. It could be a disaster with another 6-12 month delay, or it could be a winner with approval anyday.

We have absolutely nothing to work on and we won't be told if it is disaster or winner until AFTER it happens and SM decides to open the boot and tell us.

We get into bed with this company to be part of the journey, and they treat us with only passing thoughts and a few words at the breakfast table.

Investors have a right to know what is happening and what is looming, warts and all, so they can assess the scenarios that may confront themselves and the company and make some considered decisions.

But SM doesn't give any information that allows such assessments to be made. With him we are only told what has happened.

With SM, we get the proposition, then we get the ejaculation.

Between those events there is no foreplay, pillow talk, words of warning or encouragement to guide us or enlighten us. No background information or progress statements. Nothing is said.

Thus, when the announcement is finally made it is usually a big surprise out of left field - and too late for anyone to make considered decisions about managing their TIS investments.
  Forum: Off Topic Chat

draughtsman
Posted on: Aug 20 2012, 11:12 AM


Group: Member
Posts: 529

Thanks Arty,

The sub menu I get on right click unfortunately doesn't have "Open with.."
I think I shall try a different approach and just store the pics in Excel instead of down a path. (If I can.)

regards
  Forum: Off Topic Chat

draughtsman
Posted on: Aug 19 2012, 03:06 PM


Group: Member
Posts: 529

Opening a hyperlink in Excel.

I have some picture files .gifs behind hyperlinks in Excel. When I open the link the pic defaults to opening up in Internet Explorer.

I would like the gif file to open in something like Paint or IrfanView or Hypersnap. Is there a way I can cause this to happen?

My folder options view file etc is set to open in IrfanView but this appears to be over ridden.

Appreciate any advice.

Thanks
  Forum: Off Topic Chat

draughtsman
Posted on: Aug 14 2012, 03:07 PM


Group: Member
Posts: 529

Sprott et al must have thought they needed some balance in their paper so we got these few lines -

QUOTE
One exception to these findings is the experience of Scandinavian countries. They have both high taxes and high government spending as a share of GDP but have experienced relatively rapid growth over the past 20 years. However, a significant share of their spending goes to education, which has been found to foster growth. They also counterbalance the large role of the state with very liberal, pro-market reforms and low levels of public debt.2


The rest of their paper is about low level of government low debt low spending and low taxes. Would seem to me for some of those economies that are in some difficulty to de-leverage it might be prudent to actually have some higher taxes in place - god forbid.

Those Scandinavian countries seem to me like good examples to follow.
  Forum: Investment Discussion

draughtsman
Posted on: Jul 31 2012, 06:00 PM


Group: Member
Posts: 529

Nice post nohoper,

And is there not another factor and that is supply? Africa gearing up for all sorts of resource projects that will bring on substantial supply lines so likely to have an impact on commodity prices in a downward sense meaning margins will be cut less profits aka lower share prices.

For me I am looking at Rare Earth's where usage is more dictated by the advance of technology and so is not necessarily China dependent.

Thanks for the post again and I also consider the word 'never' as about 100% outcome as to us not seeing those earlier share prices in the foreseeable future.
  Forum: Investment Discussion

draughtsman
Posted on: Jul 25 2012, 03:44 PM


Group: Member
Posts: 529

Arty.

I thought that the triangle was just getting a little too filled and that the price might collapse out of it. But would love to see it continue to go north - have been in this for a while (SMSF) and enjoying the ride.

cheers
  Forum: By Share Code

draughtsman
Posted on: Jul 11 2012, 09:38 AM


Group: Member
Posts: 529

In yesterday's AGE there was an article about Mike Smith CEO of ANZ bank being a potential contender for the vacant Barclays Bank CEO position in the UK. The article then displayed a table comparing assets profits and revenues etc for the ANZ and Barclays. I presume all assets and revenues are counted in the same way to allow a direct comparison.

Barclays ANZ

Pretax profit $8.5b $7.9b

Revenue $43.3b $16.8b

Assets $2.3t $594b

Staff 149,000 48,938


I see the ANZ runs at about a third of revenue and about a fifth of the assets of Barclays yet turns in a profit not dissimilar in quantum to Barclays.

One can only assume that ANZ and presumably the others here are just screwing the daylights out of their customers.
  Forum: Off Topic Chat

draughtsman
Posted on: Jun 15 2012, 12:01 PM


Group: Member
Posts: 529

NightStalker,

Excellent summaries of the diabolical governance controls at Lynas and then the outlining of the opportunities for the company into the future.

There is no doubt in my mind that something has to be done about the combined Chairman CEO position and the more so given the form of the participant in that Forge/Crown affair. But as you say lets get this Malaysian operating license sorted out first (again another debacle) but at least this time not of NC's making. Even when the TOL is issued I doubt that will be the end of it.
  Forum: By Share Code

draughtsman
Posted on: Jun 1 2012, 05:12 PM


Group: Member
Posts: 529

If someone with skills in MS Access can help with this problem it would be appreciated

First I am running a Union query with multiple Select query’s as the structure of the Union. I wish to display the result in continuous forms mode with all displayed values (of interest in this case) assigned to the one display field/column.

Some of the query’s in the Union have a currency value to display and others have a percentage value to display.

I am attempting to use conditional formatting to cause the correct field format ie percentage or currency to be displayed. A separate field value is used to determine the type of display.

I have this expression but unfortunately it does not cause the percentage value to be displayed -

IIf([Current_Value]="Account Current LVR", FormatPercent([Secval],"##0.00%"),Format([SecVal],"$##0.00"))



Ie if the value in field “[Current_Value]” is “Account Current LVR” then display the SecVal value as a percentage, if not display the SecVal value as a currency. The currency display is the default.

I should add – I presume this can be done with Conditional formatting? If not might it be done in VBA? If this is the case I will most likely need some help here as well.



Thanks in advance



  Forum: Off Topic Chat

draughtsman
Posted on: May 25 2012, 10:16 AM


Group: Member
Posts: 529

Hi H (J),

I have to say that I am becoming less interested in AFL as they morph the game into an almost pseudo game of Rugby Union. (No I am not agin Rugby Union. I watched most of the last half the other night.)

Once the AFL game was open - long kicking high marking plenty of movement. Now if any one has the ball for more than second he is flung on the ground with a mob on top of him. Stop start stop start.

I used to watch a game all the way through- now the first quarter just about does it for me.
  Forum: Off Topic Chat

draughtsman
Posted on: May 24 2012, 10:24 PM


Group: Member
Posts: 529

As an Australian Rules man I like the idea of you guys running your Rugby discussion in the humour pages... hehe biggrin.gif
  Forum: Off Topic Chat

draughtsman
Posted on: May 10 2012, 06:25 PM


Group: Member
Posts: 529

If only we had journalists like Maureen.


Somehow Michelle Grattan just doesn’t cut it when you can read this sort of commentary.

Désamour and Amour - NYTimes.com

Maureen Dowd

In the last election, Nicolas Sarkozy lost his wife. In this one, he lost France.

His friends worry about how the high-strung, pugnacious bantam will adjust to his political Elba.

“The falling out of love of the French will be worse than his divorce with Cécilia,” a Sarkozy friend told Le Parisien. “It wouldn’t surprise me if he goes through a small depression.”

This nation of elegant formality frowned at a leader lacking impulse control, who could arrive late for a meeting with the pope and then check his phone, and who could dismiss a citizen who wouldn’t shake his hand at an agricultural fair with a profane version of “Get lost, you poor idiot.” At a jubilant celebration at the Bastille Sunday night, French revelers held up plastic glasses of Champagne and signs telling Sarko: “Get lost, you poor idiot.”

The rejected suitor is retiring from politics to a home in a posh French neighborhood with his wife, Carla Bruni-Sarkozy, the wealthy and sleek singer and former supermodel, and their baby daughter, Giulia.

The French profess not to care about the personal lives of candidates, but even they are bemused by the roundelay of the first already divorced man to get divorced as president and the first never married father of four to get elected president. When Sarkozy faced the radiant Ségolène Royal in 2007, both of their partners — Cécilia Sarkozy and François Hollande — were in love with others, even though the candidates kept it under wraps.

This time the French gave a Gallic shrug as Sarko ran against his ex-opponent’s ex-partner and father of her four children. Thomas Hollande, their 27-year-old son, worked for his mom in 2007 and his dad this go-round. Hollande’s new girlfriend is Valérie Trierweiler, a beautiful reporter for the weekly magazine Paris Match who covered Royal and Hollande when they were the Socialist power couple and then left her husband for Hollande as he left Ségolène.

Relations between Royal and Hollande — and between the resentful Royal and the possessive Trierweiler — have long been frosty. But the trio appeared on stage at the Bastille on election night — with the two women spaced far apart — and Hollande kissed Royal on both cheeks. As Steven Erlanger, The Times’s Paris bureau chief, noted on the TV channel France 24, sometimes it seems as if “a complicated amorous life is a requirement to be a French president.”

The brutal satyriasis of Dominique Strauss-Kahn, however, pushed even the French past their limit. A book and movie have made splashes chronicling the astonishing election day in 2007 when the lithe and lovely Cécilia, who had worked as a political aide to Sarkozy, tried to flee her marriage to go to her lover in New York, the French global events producer Richard Attias. Her getaway ended up taking five months.

The impetuous Sarko speed-dated Carla at Euro Disney, conducted a poll to see if the French would accept the former girlfriend of Mick Jagger and Eric Clapton as Première Dame, and beat Cécilia to the altar (or the French mayor).

In a February TV interview, Sarkozy said his anguish over losing Cécilia led to early faux pas that haunted him. At the crowning moment of his political life, he conceded, “part of my head was devoted to” his exploding family. The night of his election, he went to a private dinner with rich friends at the flashy Champs-Élysées restaurant Fouquet’s; the next morning, he and his family jetted off to a billionaire’s yacht moored off Malta and feasted on lobsters.

President Bling-Bling, siding with the rich in his Ray Bans and Rolex, was born. Often last week, when I asked voters why they were so down on Sarkozy, they answered in shorthand with one word: “Fouquet’s.”

Now the French gossip magazines are consumed with Carla’s face (What did she do to mess it up?); Carla’s future (Will she stay with Sarko?); and Carla’s successor (Will Valérie marry the president so she can go on official trips? Will she have to stop being a journalist?).

The twice-married 47-year-old was christened “Valérie Rottweiler” by a Sarkozy deputy because she’s aggressive and sends tart tweets defending her lover and herself. Although Valérie is still hesitant about her new role, top Socialists told me she deserves credit for imbuing the second-rank, pudding-faced, scooter-riding party apparatchik Hollande with the confidence to defy expectations at a time when his peers had abandoned him.

Basking in the regard of “the love of my life,” as he calls her, he slimmed down, donned less nerdy glasses, and manned up for the big debate. When Ségolène beat him out to be the Socialist candidate, Hollande became known as “Mr. Royal.” But Valérie bolsters him, feeding him throat lozenges and making sure he’s wearing enough layers. As the Cinderella civil servant celebrated in the medieval city of Tulle Sunday night, he wooed Valérie out on stage, gave her a bouquet of red roses, and twirled her to the song she had requested: an accordion rendering of “La Vie en Rose.” The delirious crowd yelled “Un bisou!” A kiss! First the désamour, then the amour. C’est la vie.

[size=3][/size]



  Forum: Off Topic Chat

draughtsman
Posted on: Apr 14 2012, 12:13 PM


Group: Member
Posts: 529

Yes. I removed all HC cookies and still denied. You would just have to suspect the anti LYC lot for this action. Never seen it before.
  Forum: By Share Code

draughtsman
Posted on: Apr 13 2012, 08:41 PM


Group: Member
Posts: 529

Siemens have an Heads of Agreement for product off take from Lynas. Does any one know ifs this product is for a factory Siemens have in Malaysia, or is it for elsewhere? If it is for a Siemens factory in Malaysia - has it been built yet? If not with all this anti Lynas rabble going on Siemens would be thinking pretty hard about whether they should proceed there or not. This is classic how to do damage to one's economy 101.
  Forum: By Share Code

draughtsman
Posted on: Apr 5 2012, 10:27 AM


Group: Member
Posts: 529

Places I have been and where I am going.

I've have been in many places, but I've never been in Cahoots.
Apparently, you can't go alone. You have to be in Cahoots with
someone.

I've also never been in Cognito. I hear no one recognizes you there.

I have, however, been in Sane. They don't have an airport; you have to
be driven there. I have made several trips there, thanks to my
friends, family and work. I live close so it's a short drive.

I would like to go to Conclusions, but you have to jump, and I'm not
too much on physical activity anymore.

I have also been in Doubt. That is a sad place to go, and I try not to
visit there too often.

I've been in Flexible, but only when it was very important to stand
firm.

Sometimes I'm in Capable, and I go there more often as I'm getting
older.

One of my favorite places to be is in Suspense! It really gets the
adrenalin flowing and pumps up the old heart! At my age I need all the
stimuli I can get!

And, sometimes I think I am in Vincible but life shows me I am not.

People keep telling me I'm in Denial but I'm positive I've never been
there before!

I have been in Deepshit many times; the older I get, the easier it is
to get there. I actually kind of enjoy it there

So far, I haven't been in Continent; but my travel agent says I'll be going
soon
.

  Forum: Off Topic Chat

draughtsman
Posted on: Mar 22 2012, 07:44 AM


Group: Member
Posts: 529

Would appreciate some nformation about the size of the iron ore market in China.
We are hearing from BHP that the IO market is softening, presumably in line with the China economy slightly retracting, yet FMG is about to triple production from about 50mt to 150m tonnes. So how many million tonnes do RIO and BHP and others supply into China just to get some relativities? Is 150m tonnes just a sort of drop in the bucket or is it a big percentage of all the IO that goes to China? Is FMG's production expansion at the expense of BHP RIO et al? Or does FMG have one customer who has said to them we will take as much as you can produce?

I am just a bit confused about this huge growth in production by FMG with this apparently contracting market over there which may therefore impact on future earnings.

Any comments appreciated.
  Forum: By Share Code

draughtsman
Posted on: Mar 8 2012, 09:31 AM


Group: Member
Posts: 529

Thanks filter,

Unfortunately the radioactivity is expressed in different ways in the two texts so difficult (at least for me) to make a comparison of the relative strengths of the levels. But what ever way you look at it it would appear that the Lynas levels are exceptionally low.

And yes I have noted the traffic on LYC in that other place.

Thanks again
  Forum: By Share Code

draughtsman
Posted on: Mar 6 2012, 02:31 PM


Group: Member
Posts: 529

What the competition is doing -

From Shaw Stockbroking today.

Interested in their levels of Uranium and Thorium. Anyone know how Lynas levels compare given that this radiation business seems to be causing such a fuss in Malaysia and also that LYC radiation levels are all but negligble?

Peak Resources (PEK)[/size]

• Globally Significant Rare Earth Discovery at Ngualla.



Event

Peak Resources [PEK] released its first JORC-compliant resource for its 100% owned Ngualla Rare Earth project in Tanzania. Ngualla now ranks as one of the largest rare earth discoveries in the world and places PEK as a future global player in the rare earths market.



Highlights

• First mineral resource using a 1% lower cut-off grade of 170 million tonnes (Mt) grading 2.24% Rare Earth Oxide (REO). Total contained REO of 3.8Mt. Using a 3% lower grade cut-off, the total resources includes a higher grade near surface zone of 40Mt grading 4.07% REO for a contained tonnage of 1.6Mt of REO.

• This maiden resource places the Ngualla project as one of the largest rare earth deposits in the world in both size and grade.

• Early metallurgical test work managed by consultants Bateman Engineering has concluded that the higher grade, near surface oxide mineralization may be amenable to conventional acid leach - a relatively simple processing route to a high grade rare earth concentrate.

• Testing of Ngualla's primary fresh rock rare earth mineralization also produced positive beneficiation results. Work is now underway to determine if standard flotation for bastnaesite as a subsequent processing step has the potential to produce a saleable rare earth concentrate.

• The extremely low levels of uranium and thorium present in the Southern Rare Earth Zone (21ppm uranium and 35ppm thorium) is a distinct advantage to the Ngualla Project over other global rare earth projects.

• The resource estimation and block model, combined with the completion of this early stage metallurgical test work will allow scoping studies to commence and begin quantifying the economic significance of this large new rare earth discovery.

• Preparations are underway for an infill drilling program to commence at Ngualla in May/June 2012. The drilling will provide the necessary higher density of data to support an upgrade to Measured Resource category and also seek to extend the resource in several directions where it currently remains open.



In 18 months, PEK has completed two seasons of drilling, initiated metallurgical test-work, completed its major JORC resource definition that now places the Ngualla deposit in the world's top 5 rare earth projects and bought out its 20% joint venture partner to gain 100% control. A new management and development team has come on board to drive Ngualla to a full feasibility study and future production. Buy recommendation with $1.00 price target.[size=3]
  Forum: By Share Code

draughtsman
Posted on: Feb 20 2012, 12:59 PM


Group: Member
Posts: 529

Certainly worth having some of these away in the drawer or super fund - potential is excellent and I can't see the Fuziah objections going anywhere. When the Govt of the country invites you in to do your project and then you commit more than $200m to the works, if this lost out now nobody would go near Malaysia again to invest money.

But I don't think there is an urgent need yet to accumulate stock. Several things are yet to happen ie complete the factory, gain the temporary operating license, import their material from Mt Weld, begin processing some time last quarter of this fin year, and also provide details of storage of waste So while all these will eventually get their completion box ticked and the project will quite naturally progress to an eventual revenue flow and profits, I consider the market will hold back until these first revenues are reported. So between now and then I anticipate a meandering sort of market in Lynas but which should allow stock to be gathered on the dips.

And then one's view can always be wrong with stock rising strongly. So watch this space. Something will happen.

I hold.
  Forum: By Share Code

draughtsman
Posted on: Feb 16 2012, 08:48 AM


Group: Member
Posts: 529

Computer generated reproduction of the flight generated from the data recovered from the black boxes... Flight 1549 and Captain Sullenberger into the Hudson River NY - Hit flock of birds

http://www.youtube.com/watch_popup?v=tE_5eiYn0D0#t=109





  Forum: Off Topic Chat

draughtsman
Posted on: Jan 15 2012, 07:55 PM


Group: Member
Posts: 529

From the Herald Sun Internet

A LEARNER pilot and his instructor have been injured after a glider smash north of Melbourne. The pair, aged in their 60s, were flying above Benalla when they started to lose altitude at about 1pm.

The vessel slammed into a fence near Sydney Rd.

Police said the learner pilot suffered serious injuries and was being taken to hospital.

The instructor suffered minor injuries.




The vessel?


  Forum: Off Topic Chat

draughtsman
Posted on: Jan 10 2012, 05:13 PM


Group: Member
Posts: 529

Hi Henrietta,

And perhaps Darwin into Manila might cause some anguish as well? Shouldn't this be Darwin in to Manila?

Actually when I say this over to myself a few times I don't know what is correct. wacko.gif
  Forum: Off Topic Chat

draughtsman
Posted on: Dec 29 2011, 08:16 AM


Group: Member
Posts: 529

Arty,

Straight in to windows now.

Thanks
  Forum: Off Topic Chat

draughtsman
Posted on: Dec 27 2011, 12:47 PM


Group: Member
Posts: 529

Thanks Arty,

I shall follow the instructions and see how it goes.
  Forum: Off Topic Chat

draughtsman
Posted on: Dec 27 2011, 10:53 AM


Group: Member
Posts: 529

Thanks Arty for you very quick response,

But unfortunately not quite. I can adjust via the user account settings for either an icon to click (as it was) or for a panel box inviting me to put in a password and then click enter, and as I have no password I can just click enter. But my previous condition - now lost - was that the PC on turn on went straight through to Windows without any need to click anything to allow opening.

I actually think I set this opening condition up some years ago and fancy it had something to do with a registry edit, but I cannot now find what I did then.

regards
  Forum: Off Topic Chat

draughtsman
Posted on: Dec 27 2011, 10:31 AM


Group: Member
Posts: 529

I used to be able to turn on my PC and it would run through the boot up and eventually display Windows. No logging on required.

I think I must have done one of those registry cleanups some months ago so now after initial boot up I now have to log on to complete the Windows opening ceremony.

As I am the only one who uses this PC is there a way I can over ride this logging on?

Using XP.

Thanks
  Forum: Off Topic Chat

draughtsman
Posted on: Dec 10 2011, 05:03 PM


Group: Member
Posts: 529

I recall an incident a few years ago pre breathalysers in a country town in which I lived a well known lawyer, and a frequent imbiber at that, managed to run his vehicle into another right outside the front doors of one of the pubs in the town. The lawyer immediately raced into the pub and quaffed off a whiskey or two. Upon questioning later about his culpableness in the accident the lawyer explained he had to have a drink - to settle his nerves.

There is no doubt the lawyer prior to the accident would not have been able to walk the white line - he certainly couldn't after the nerve settling refreshment.

Cheeeers!!!
  Forum: Off Topic Chat

draughtsman
Posted on: Dec 9 2011, 03:39 PM


Group: Member
Posts: 529

Arthur is 90 years old. He's played golf every day since his retirement 25 years ago.

One day he arrives home downcast.

"That's it," he tells his wife. "I'm giving up golf. My eyesight has got so bad. Once I've hit the ball, I can't see where it has gone."

His wife sympathizes. As they sit down, she has a suggestion: "Why don't you take my brother with you and give it one more try."

"That's no good," sighs Arthur. "Your brother is 103. He can't help."

"He may be very old," says the wife, "but his eyesight is perfect."

So the next day, Arthur heads off to the golf course with his brother-in-law He tees up, takes an almighty swing and squints down the fairway. He turns to the brother-in-law. "Did you watch the ball?"

"Of course I did!" says the brother-in-law. "I have perfect eyesight."

"Where did it go?" asks Arthur.

"Can't remember."

  Forum: Off Topic Chat

draughtsman
Posted on: Dec 7 2011, 04:28 PM


Group: Member
Posts: 529

I am on an email distribution list with GAZMAN clothing.

Just got this.

Final Days!! 25% off all Short Sleeve Shits and T-Shirts at Gaz Man.
  Forum: Off Topic Chat

draughtsman
Posted on: Dec 6 2011, 06:47 AM


Group: Member
Posts: 529

QUOTE
Where in Pakistan is that??


I think it is down near the 1st Aprilbad.
  Forum: Off Topic Chat

draughtsman
Posted on: Dec 5 2011, 10:04 PM


Group: Member
Posts: 529

hmmm...
http://www.dailytimes.com.pk/default.asp?p...0-11-2011_pg9_2

QUOTE
"Councillor thought cloud computing depended on rainy weather

A council meeting descended into a foul-mouthed slanging match after a councillor suggested cloud computing depended on bad weather. Galway councillor Seamus Tiernan was branded a ‘feckin eejit’ for thinking that cloud computing would only work in areas with lots of rain, The Telegraph reports.

In reply Coun Tiernan told incredulous Cllr Martin Shiels that he should “go **** himself”. The row broke out after Mr Tiernan told the Infrastructure Committee meeting this week that his native Connemara would be ideal for cloud computing because it has heavy cloud cover for nine months of the year.”

The Independent councillor said that the Government should be doing more to harness clean industries for the Connemara area and he named wind energy and cloud computing as two obvious examples.

“Connemara in particular could become a centre of excellence for wind energy harnessing, as it is open to the Atlantic,” he said. “Also in terms of cloud computing, we have dense thick fog for nine months of the year, because of the mountain heights and the ability to harness this cloud power, there is tremendous scope for cloud computing to become a major employer in this region.” However his mistake was pointed out by a Coun Shiels who said: “This is taking the biscuit. I’ve heard it all now. You must be a fecking eejit to think that the cloud computing had anything to do with climate.”

Coun Tiernan took umbrage at the remarks of his colleague and called for them to be withdrawn. When Coun Shields refused to do so, Tiernan said “go **** yourself, Councillor Shields.” Chairman Sile Ni Baoill asked for both councillors to withdraw their comments, but Coun Tiernan was repentant that Coun Shields was wrong and that cloud computing is linked to cloud cover. “Tell me why large companies are opening server farms in cold wet countries then,” he asked Cllr Shields."





[size=2][/size]

  Forum: Off Topic Chat

draughtsman
Posted on: Dec 1 2011, 03:41 PM


Group: Member
Posts: 529

Arty,

QUOTE
The latest one offered itself yesterday, when the chart suggested I buy at $1.20 and place the sell order at $1.35.


I am aware you protect your trades most astutely with stops and scheduled exits etc but I think this one will be of a 'let the profits run' scenario and I suggest we could see it moving back towards the $1.70 zone just where you Fib 161.8% is located.

I am in a bit higher than your suggested entry point - but happy.

cheers
  Forum: By Share Code

draughtsman
Posted on: Nov 25 2011, 08:31 AM


Group: Member
Posts: 529

Not having a go at anybody particularly his/her enthusiasm

From another forum...

QUOTE
The markets are all over the shop! People have soled out put their money under their beds in the vein hope that one-day they will find that it has reproduced in some way!!! I'm going to start buying more of this stock shortly! Its sooooo cheep.

And I will site on it for the next 10 years. Let my say this! They will go into production and they will make Millions within the next 12 months! Once this has been set up and is working it will be so simply to replicate! And I may even by a license myself smile.gif
  Forum: Off Topic Chat

draughtsman
Posted on: Oct 17 2011, 02:24 PM


Group: Member
Posts: 529

Anyone here using or has used the stock picking approach as proposed by Stan Weinstein in his 'Secrets to Profiting in Bull and Bear Markets?

Attempting to find stocks now that satisfy his 30 week MA criteria but with the recent severe down turn in most stocks the cross of the 30 week MA is still quite a way off - some are getting close but not yet. But interested to hear of any one's experiences in using his technique.

cheers
  Forum: Investment Discussion

draughtsman
Posted on: Aug 8 2011, 04:39 PM


Group: Member
Posts: 529

Yes indeed henrietta - certainly much lower than where it is currently sitting.

Hard to comment on CST without going over old ground, but given that there was no other competing bid for this company just has to raise some sort of flag about what other potential predators thought about Cellestis. Given that many established pharma's whether they be diagnostic or drug based have very depleted time lines on their products, and are all out on the prowl for the next big thing, one might have thought that CST with its test might have attracted some more attention. So do we wonder why and cuss Qiagen for their apparently measly offer, or perhaps think that either the patents were not as good as thought, or that a generic test out of China or Russia would pull the rug from under CST, or perhaps some other issue out of left field. What ever the reason all the other pharma's kept their distance and their hands in their pockets.

So perhaps a bit of a godsend that we did actually get an offer.

Cheers
  Forum: By Share Code

draughtsman
Posted on: Jun 24 2011, 03:36 PM


Group: Member
Posts: 529

Forrest.

As in one sheep. Or two sheep?

Given the long term sustainable growth available from these sheep I would prefer the DCF method of evaluating them. Athoug perhaps just applying a p/e might be easier. Counting sheep zzzz...

But I don't need a 65 page report stun.gif
  Forum: Off Topic Chat

draughtsman
Posted on: Jun 24 2011, 02:33 PM


Group: Member
Posts: 529

I think this fits in here.

Heard the song Waltzing Matilda on the wireless this morning.

So what does ... come waltzing Matilda... mean?

I suppose I learned its meaning at Primary school but that's a while back now.
  Forum: Off Topic Chat

draughtsman
Posted on: Jun 24 2011, 10:34 AM


Group: Member
Posts: 529

OFD - yes would indeed be interesting if a competing bid did pop up, given the subsequent employment arrangements with Qiagen that have already been made for the 2R's. I wonder if they would support just a plain vanilla higher offer.

They could be out of a job!
  Forum: By Share Code

draughtsman
Posted on: Jun 23 2011, 05:29 PM


Group: Member
Posts: 529

QUOTE
I am not going to tell you what DR the IE, or you, should use. However, I am absolutely confident that his 14% to 15% Discount Rate is significantly higher than that which any reasonable analyst would use. Remember that even a 1% change in the Discount Rate used will result in a very material change in the valuation calculated.

The compounding of the IE's incorrect assumptions, miscalculations and errors has resulted in a valuation of Cellestis that I cannot in any way rely upon in making my decision about this offer by Qiagen.


The above is from Forrest's Critique part 4 of the Independent Experts Valuation of Cellestis.

I would have added a further sentence.

"It is clear the the Independent Expert has searched through a range of discount factors to arrive at a valuation at or about the valuation we are being told is good for us."

My wonder is that if the initial price had been much higher then the millions that the two R's are going to suck out of this would have been decades higher which may have brought its own opprobrium - they get the riches we get the straw.

Incidenatlly I have no objection to them getting their reward but its just that I would like to get my reward also over time.
  Forum: By Share Code

draughtsman
Posted on: Jun 21 2011, 05:39 PM


Group: Member
Posts: 529

QUOTE
I want to know why they think they can't grow this business faster without Qiagen.
What do Qiagen have that CST needs ?
Why can't CST acquire it from them if we need it ?
Is it a delivery method , sales channels , better access to people (decision makers) , more recognised brand , or simply "more clout".


Good questions OFD.

Management has shortchanged its own company over the years and that is why we are in this predicament now.

They have had since the last cap raising more than $15m in the bank (now more than $20m) and have done nothing with it.
Usually a cap raising can be a good indication of management quality. ie Do you spend the money to just get bigger or do you spend it to get better. In CST's case nothing. Just sat back and reflected on it.

R&D has to be foundation stone No 1 for biotechs. What have this management spent on R&D? A pittance every year. Any old technology company spends 5% of revenue on R&D just to keep up. Was it because management once were scientists that they thought their mere presence was enough? Why didn't they spend some of that cash in the bank on R&D?

Every year we have seen sales staff grow minimally and incrementally almost without the realization the more sales staff you have the more you can sell. There must be plenty of experienced and specialized medically oriented sales staff out there - why didn't they put on multiples of these people to sell product and get that percentage of potential market up where it should have been. There were plenty of funds to support a larger sales staff.

Qiagen unfortunately will correct these deficiencies the day after they win the company. But only if we let them.

Cheers
  Forum: By Share Code

draughtsman
Posted on: Jun 18 2011, 04:45 PM


Group: Member
Posts: 529

Given that CSAG have been straight down the line in all their dealings with us shareholders and that they have not mentioned any slippage in NO voters then I would almost guarantee that their advised number is still 38%. 34% is just the first number over thirty that came to mind with the journalist.

But there may well be some slippage in NO voters; the SP movement may cause a few to bail but given that there is considerable weakness in the market in general the SP most likely would have faded anyway if this ridiculous affair hadn't occurred.

I have no doubt the Chairman will find himself (he won't need others to tell him) that the role he has played has been distinctly unfriendly to shareholders and will resign after all this is finished. And so with a new dynamic Chairman the business will soon be generating the revenues and paying the dividends we know it is capable of.

PS. I wouldn't be bailing out yet even if I was considering it (and I am not) - I would want to ensure my ticket to the SofA meeting. It will be a ripper.
  Forum: By Share Code

draughtsman
Posted on: Jun 16 2011, 06:46 PM


Group: Member
Posts: 529

Hi mungo,

Don't agree with your assessment of WB.

I suggest there is actually some integrity in there but don't forget business is business. Some people just seem to be able to do it better than others.

What You Should Know About the Jewelry Business

You don't need to understand the economics of a generating plant in order to intelligently buy electricity. If your neighbor is an expert on that subject and you are a neophyte, your electric rates will be identical.

But jewelry purchases are different. What you pay for an item vs. what your neighbor pays for a comparable item can be, and often is, widely different. Understanding the economics of the business will tell you why.

To begin with, all jewelers turn their inventory very slowly, and that ties up a lot of capital. A once-a-year turn is par for the course. The reason is simple: People buy jewelry infrequently, and when they do, they are making both a major and very individual purchase. Therefore, they want to view a wide selection of pieces before zeroing in on a single item.

Given that their turnover is low, a jeweler must obtain a relatively wide profit margin on sales in order to achieve even a mediocre return on their investment. In this respect, the jewelry business is just the opposite of the grocery business, in which rapid turnover of inventory allows good returns on investment though profit margins are low.

In order to establish a selling price for their merchandise, a jeweler must add to the price they pay for that merchandise, both their operating costs and desired profit margin. Operating costs seldom run less than 40% of sales and often exceed that level. This fact requires most jewelers to price their merchandise at double its cost to them or even more. The math is simple: Jewelers charge $1 for merchandise that has cost them 50 cents. Then, from their gross profit of 50 cents they typically pay 40 cents for operating costs, which leaves 10 cents of pre-tax earnings for every $1 of sales. Taking into account the massive investment in inventory, the 10-cent profit is adequate but far from exciting.

At Borsheim's the equation is far different from what I have just described. Because of our single location and the huge volume we generate, our operating expense ratio is usually around 20% of sales. As a percentage of sales, our rent costs alone are fully five points below those of our typical competitor. Therefore, we can, and do, price our goods far below the prices charged by other jewelers. In fact, if they priced to match us, they would operate at very substantial losses. Moreover, in a virtuous circle, our low prices generate ever increasing sales, further driving down our expense ratio, which allows us to reduce prices still more.

How much difference does our cost advantage make? It varies by competitor but, by my calculation, what costs you $1,000 at Borsheim's will, on average, cost you about $1,350 elsewhere. This is called the “Borsheim’s Price”. There are very few instances where we are unable to offer you those great savings due to restrictions, but you will always know upfront if an item is non-discountable.

Of course, price means nothing unless you are sure of the quality of what you are getting. When products are branded, such as watches and chinaware are, comparisons are simple. But jewelry is usually a "blind" item - and that puts virtually all purchasers at the mercy of the seller.

I can remember well how helpless I used to feel in a Fifth Avenue or Rodeo Drive jewelry store, where the only thing II can remember well how helpless I used to feel in a Fifth Avenue or Rodeo Drive jewelry store, where the only thing I knew for sure was that the operator had extraordinarily high overhead - and that they had to cover it in their sales price. I was also wary of the "upstairs" solo operator who operated on consignment merchandise, since that would have cost them more than merchandise bought outright, and would necessarily have inflated their retail price. And, finally, I always worried about the quality of what I was getting I couldn't tell the difference between an emerald or a diamond worth $10,000 and one whose value was $100,000. (I still can't.)

My sense of helplessness led me to an obvious conclusion: "If you don't know jewelry, know your jeweler." For that reason, I made all of my jewelry purchases at Borsheim's for many years before Berkshire Hathaway bought the company. I didn't know stones, but I did know Ike Friedman, the retailing genius who had built the business from nothing into one of the nation’s largest independent jewelry stores. When I purchased Ike's business, I did it without an audit but with full confidence that I was getting value received. And that's just what I got - precisely as I had when I purchased a single piece of jewelry from him.

The main point of this letter is to tell you that you don't have to live near Omaha to benefit from Borsheim's. Our “shop at-home” program brings Borsheim’s to our qualified customers. Simply contact Borsheim’s to describe what you’re looking for – to any degree of detail. We will assemble selections that best reflect your wishes and send them to you. Then, in the comfort of your own home or office, you can conveniently and leisurely select the item(s) you most prefer,or return the entire selection.

Our results from this "shop-at-home" program have been amazing. Customers have loved it and keep coming back for more. Each year, we send out several thousand packages, ranging in value from $100 to $500,000. Call us at

800-642-GIFT (4438) to learn how to qualify for Borsheim's "shop-at-home" program.

At Borsheim's the service will be exemplary, the price will be exceptional and the merchandise will always be what you are told that it is. You have my word.



  Forum: Off Topic Chat

draughtsman
Posted on: Jun 16 2011, 12:10 PM


Group: Member
Posts: 529

QUOTE
> Have Cellestis been well and truly led up the garden path? </ Consider this,
Qiagen is paying €12.90 per share to acquire a 47 percent stake in the company and to purchase all remaining shares afterward. The price represents a 71 percent premium to Ipsogen's share price of €7.53 per share on June 13, the last trading day before the deal was announced.
and this
Year over year, Ipsogen SA has seen their bottom line shrink from a loss of €2.6M to an even larger loss of €3.4M despite an increase in revenues from €6.7M to €8.4M.
Qiagen are willing to pay a 71% premium for shares of a business that consistently loses money yet we have been advised that the deal to sell Cellestis
represents an attractive price for Cellestis and provides shareholders with an opportunity to realise considerable value from their investment in Cellestis
They must think we are all stupid.



Hi bigmumma,

I suggest you have a re-read of the latest post that rog has in his blog. Just has to make one a little bit angry - not over it.

Share holders are just totally being screwed in this deal and this is at anything under $10 despite Squigg's wailing's about this price being unrealistic. Forrest's DCF study is as good as any that can be done - it is not a figment of imagination.
Don't fall off the perch yet.

cheers
  Forum: By Share Code

draughtsman
Posted on: Jun 9 2011, 08:43 PM


Group: Member
Posts: 529

I would be pretty sure that CST management would have taken up the CSAG offer by now to inspect their 'books'.

But if you think about it in a sense CST management are now sidelined on this issue. They have become irrelevant in the settlement of this process. The 38% is real despite a weakening share price and passage of time - only very small volumes going out now. The outcome now depends on Qiagen - what will they do? Will they decide it is all too hard and abandon the sofa? No. There is no way they will do this because CST and its product will become such a huge money earner for them. They want CST badly. And precisely for this reason is why we as shareholders should also want CST just as badly.

Thus it now boils down to what are Qiagen going to do about, or with, the CSAG group, not about what role CST management think they might play as this thing moves towards the end game. CST management broke their trust with shareholders and insulted them when they supported such a measly offer price simply based on some arbitrary growth number based on the share price. No talk at all about a premium to be paid for control of the company or recognition of the huge revenues in the pipe. Thus CSAG will easily achieve its aim of getting a better outcome for shareholders.
  Forum: By Share Code

draughtsman
Posted on: Jun 8 2011, 05:26 PM


Group: Member
Posts: 529

Hi Dr Daz,

I counted those conferences - 35 of them over the next 12 months - Europe, Middle East and Africa, Asia and the US.

Certainly an active program for the Company. One can't but wonder that they are getting the Quantiferon message out there in spadefuls - and also just how far away might that elusive tipping point be?

It is becoming more and more apparent that this company needs to stay owned by Australian shareholders - not sold for a mite into a totally opportunistic and undervalued bid by Qiagen.

Stick with it you CSAGers. mad.gif
  Forum: By Share Code

draughtsman
Posted on: Jun 2 2011, 04:48 PM


Group: Member
Posts: 529

Sorry, had a pic but it wouldn't appear.
  Forum: Off Topic Chat

draughtsman
Posted on: May 27 2011, 03:23 PM


Group: Member
Posts: 529

Squiggs,

Nothing d'lids has said detracts from the credibility of the DCF study as opposed to what you have said and the Chairman has implied.

But do you think we shall get any profit guidance this year? As I said no guidance implies that the DCF study and its various parameters are all within the bounds of reason - which leads to a very different value on one's shares to that the Chairman wants to sell our shares to Qiagen for.

cheers
  Forum: By Share Code

draughtsman
Posted on: May 27 2011, 02:28 PM


Group: Member
Posts: 529

Hi Squiggs,

I see that the CSAG people have made a correction to that valuation that you have referred to at their site. I expect they will be pleased you have pointed this out as I am sure there is no way they would want any of this stuff to get a bit crappy and so unreliable.

I think the DCF study produced by CSAG is an excellent tool for shareholders to make their own evaluations, and to my understanding of these things this DCF covers all of the necessary components of such a study, but I am sure one could make it more complex if one wished. But would it give a different answer if it was more complex? And then the study is coupled with a very detailed discussion and background as to why any element within this DCF has been given a value. Hard to pick holes in it I would have thought even if it is a dumbed down version and of course as we know it is all based on the projections and estimates made by the good people in charge of the Company.

Personally I don't go for this two Cellestis's stuff referred to in the press recently, I just like the one presented to us in the past by management and that is the information the CSAG people have used in the DCF study. And as management have not chosen to advise shareholders of any correction of factors regarding this past advice I am sticking with the DCF approach as opposed to being told what value I should sell my shares to Qiagen for.

Given our proximity to the end of the financial year do you think we will get any guidance as to what profit for the 2010- 2011 year will be? Assuming there is none (guidance) we can only assume everything is hunky dory according to past information - again validating the approach in the DCF study.

cheers
  Forum: By Share Code

draughtsman
Posted on: May 26 2011, 09:43 PM


Group: Member
Posts: 529

QUOTE
particularly in face of CSAG silly $11+ valuation.


Hi Squiggs,

Just a reminder that we should as always keep things factual. To the best of my knowledge CSAG has not put out any valuation on Cellestis silly or not and certainly not one of $11+. Yes there is some discussion in the DCF notes about some prices as the end result of the analysis considering risk and $11+ is mentioned as is $9+ but these are not recommendations.

There is a recommendation however and that is that for anyone who uses the spreadsheet is for them to put in their own numbers and arrive at their own answers and to see if they can get the number $3.55

I get the impression you just seem a little bit unhappy about things and that we should just do simply as Chairman Ron Pitcher wants us to do and that you are quite happy with the $3.55 on offer. But this is perhaps because you have this view of the CSAG DCF spreadsheet
QUOTE
At best the CSAG valuation is a dumbed down version of Forrests orginal valuation. I will not mention what it is at worst.
so it is unlikely you will be relying on it for your estimate of what you think your shares might be worth, and thus that is why you are relying on Chairman Ron's view of what the company is worth.

Happy to be persuaded that you think otherwise of course.
  Forum: By Share Code

draughtsman
Posted on: May 23 2011, 05:31 PM


Group: Member
Posts: 529

Hi Sguiggs,

When we all thought Radford a good operator but learning on the job - perhaps might improve, and Pitcher - well he simply shot his leg off not his foot at the last AGM well that was all so 2010. This is now 2011 and the faults of these two are now so glaringly obvious it is hard for anyone to be complimentary about them. With the sort of stuff that Rog is dredging up it is apparent that these two have completely forgotten the messages they have given to shareholders about the merits of their company.
Perhaps they thought all their own stuff was crap and anyone who took it in was gullible or foolish, but actually most of us wrote it all down. Now to hold in evidence against them.


cheers
  Forum: By Share Code

draughtsman
Posted on: May 23 2011, 12:17 PM


Group: Member
Posts: 529

QUOTE
....wanted to find out all he could about the company what ever the crumb that was offered.


Sometimes the crumbs only came from the biscuits.
  Forum: By Share Code

draughtsman
Posted on: May 23 2011, 11:48 AM


Group: Member
Posts: 529

I have just opened up the link that DRRC has referred to below but I would add a further comment. I also note that the link is also on the CSAG blog site.

I see Gavin Ross is referred to below where he with clients speaks for about 22% of the stock. Now I have seen Mr Ross at almost every presentation and AGM I have been to and he would be one of the most astute students of this company that there could be. Did the Directors think he was at these meetings for the tea and biscuits? My bet is that he was there because he recognized just what an excellent long term investment Cellestis was and wanted to find out all he could about the company what ever the crumb that was offered. I wonder if the Directors told Qiagen about Mr Ross, about his interests and that he was almost certain to be against this ridiculous bid. One can only suspect they didn't.


LOYALTY STAKES

Having a large percentage of rusted-on shareholders is not always a welcome thing for the board of a listed company. Especially when it recommends a takeover bid.

The tuberculous diagnostic kit maker Cellestis on Friday announced it would press on with a proposed scheme of arrangement to seek shareholder approval for a $341.3 million takeover from the German molecular diagnostic company Qiagen.

This is despite the clear signs that there is a sizeable chunk of Cellestis shareholders who would prefer to hold on to their shares rather than let them go for $3.55 each.

''The deal will not go through,'' said a spokesman from the Cellestis Shareholders Action Group, Vic Bula, pointing out at least 38 per cent of shareholders were opposed to the takeover. The proposal will need the support of 75 per cent of shareholders.

''[Cellestis] has really only just started to hit its straps,'' said Bula. ''We're looking for much more reward from this than a $3.55 payout,'' he told CBD.

The Cellestis chief executive, Tony Radford, and his co-founder, James Rothel, have agreed to sell their

11.9 per cent stakes (each worth $40 million) into the Qiagen bid.

HURDLES AHEAD

The key obstacle for Cellestis trying to get the scheme through is the Melbourne portfolio manager Gavin Ross, who speaks for his clients who own about 22 per cent of the stock.

''This thing is potentially another CSL or Cochlear,'' said Ross.

Noting the possibility for Cellestis to take a commanding share of the TB diagnostic market, Ross also highlighted the potential for it to spread its diagnostic technology (originally developed by the CSIRO) into other areas.

''We can't, even with the most pessimistic assumptions, get to $3.55,'' he said.

The coming release of the independent expert's report from Deloitte has already been overshadowed by another report commissioned by the Shareholders Action Group.

The report says Cellestis has the potential - based on the take-up of its TB test kit (which is quicker and more accurate than the traditional skin test) - to lift annual sales from the current $40 million to $900 million a year. And grow its annual profits to $337 million, or around the same value as the Qiagen takeover offer.

Even the idea of a sweetened offer seems to have little chance of getting through.

Based on a 6 per cent return of equity and assumption Cellestis would capture only 36 per cent of the TB diagnostic market by 2020, the Action Group said Cellestis was worth $11.53 a share. ''You do have to wonder how stupid they think we are,'' said a recent update from the group.

But the company has urged shareholders to also consider the views of Deloitte.

''It's very foolish of anyone to make up their mind before they've actually have seen the scheme book, independent expert's report and before they've allowed a very rational debate on the future and potential [of Cellestis],'' said Tony Radford.

''I would ask them to consider whether or not there are risks in the future that they have not considered.''


Read more: http://www.smh.com.au/business/latest-qant...l#ixzz1N8RoVfe0
  Forum: By Share Code

draughtsman
Posted on: May 20 2011, 05:39 PM


Group: Member
Posts: 529

QUOTE
Of course the company has to be clear that CSAG is not authorized by CST.


I would have thought than anyone advocating a NO vote on this ridiculous proposal would be identified as independent from the Company.
  Forum: By Share Code

draughtsman
Posted on: May 18 2011, 01:11 PM


Group: Member
Posts: 529

With this level of buying there is a good chance that they will actually put a floor value under the stock price so when this bid fails the SP won't move too much.

But given that the Company can fairly easily be demonstrated to be worth much more than $3.55 bid - a price which the Directors have advised is what the Company is worth and a price at which they are happy to sell their stock to Qiagen at they have now managed to induce shareholders to part with at least 7.2% of their shareholdings. Those who have now sold will have taken this 'good' advice on what the Directors think, but I think I can see some fairly irate shareholders at the end of all this.
  Forum: By Share Code

draughtsman
Posted on: May 14 2011, 03:30 PM


Group: Member
Posts: 529

fenster - German for window if I remember correctly
  Forum: Off Topic Chat

draughtsman
Posted on: May 12 2011, 06:28 PM


Group: Member
Posts: 529

QUOTE
I presume they expect the CST price to rise...........................and they pocket the difference


Hi enniscorthy,

yep that's how they work - expect the price to rise and pocket the difference.

But I think the most salient part of your sentence is
QUOTE
I presume they expect the CST price to rise.


So why would they expect the price to rise?

- just a move up to the offer price of $3.55? No this offer is dead at that price.

- raising of the offer price? Perhaps, but unless it is very substantial the take over offer is still dead.

- perhaps a bid from another party? Hmm....
  Forum: By Share Code

draughtsman
Posted on: May 12 2011, 03:58 PM


Group: Member
Posts: 529

Rocket Science
Scientists at Rolls Royce built a gun specifically to launch dead chickens at the windshields of airliners and military jets all travelling at maximum velocity. The idea is to simulate the frequent incidents of collisions with airborne fowl to test the strength of the windshields.

American engineers heard about the gun and were eager to test it on the Windshields of their new high speed trains.
Arrangements were made, and a gun was sent to the American engineers.

When the gun was fired, the engineers stood shocked as the chicken hurled out of the barrel, crashed into the shatterproof shield, smashed it to smithereens, blasted through the control console, snapped the engineer's back-rest in two and embedded itself in the back wall of the cabin like an arrow shot from a bow..

The horrified Yanks sent Rolls Royce the disastrous results of the experiment, along with the designs of the windshield and begged the British scientists for suggestions.


You're going to love this......

Rolls Royce responded with a one-line memo:
"Defrost the chicken."
  Forum: Off Topic Chat

draughtsman
Posted on: May 11 2011, 03:29 PM


Group: Member
Posts: 529

Received the Cellestis Shareholders Action Group letter today. This letter ups the ante nicely and demonstrates that the NO forces are no shrinking, they'll forget about it soon, activist group who will run out of puff before this is all over. No way. This is now a fair dinkum fight.

Must congratulate spokesperson Vic Bula for the initiative he and obviously some others are going to including carrying the expense of this mail out. It is much appreciated. I presume the Directors were also addressed with this letter? From the letter I see that CSAG have received the intentions of more than 34% of shareholders to reject this ridiculous take over scheme - if the Directors didn't already know it by now, they must be wondering why this scheme seemed like such a good idea at the time.

If only they had thought about their shareholders for a minute or two....
  Forum: By Share Code

draughtsman
Posted on: May 5 2011, 03:06 PM


Group: Member
Posts: 529

I'm an avid fan of the rog blog.

Have you noticed his recent posts in there just keep on finding support for QFT and reasons to make the swap from TST (@ 104 years old and counting) to the QFT test? Essentially this is demonstrating that the demand for this product is increasing and that this demand will not go away.

So in our current context what does this mean?

It means that the risk factors referred to in discussion in these threads and what value for risk we might use in Forrest's excellent valuation analysis can, with confidence, be kept on the low side. You don't need to keep upping it - just in case. This product is not going to fail in the market place.

And what happens when you use a lower discount factor? The NPV keeps on rising. Simple as that.

Sorry Qiagen. CST is not for you.
  Forum: By Share Code

draughtsman
Posted on: May 5 2011, 11:32 AM


Group: Member
Posts: 529

Words. Words. Words.

About one and a half years ago (September 2009) the people who issue the Bioshares report ran a conference at Thredbo "Show me the Strategy" for biotech type companies where CEO of Cellestis Tony Radford was a guest speaker. He talked about the development of the company, why it wouldn't license its product out to third parties and the future.

Bioshares issued a detailed report of the conference to their subscribers which contained this paragraph. (The VC's referred to are venture capitalists.)

"Cellestis' IPO was followed by one secondary capital raise. This allowed a sensible capital base to be established, according to Radford. The company had enough money to do what it needed to do and could avoid raising money in bad times.

Another success factor included allowing founder control to be maintained. Founders (Tony Radford and Jim Rothel) are the largest single shareholders. "It's a good thing. We should recognise that" said Radford. "The only reason we add value for VCs is to make them money. And if you are not focused on making money then you are in the wrong game. Aligning your interest with the shareholders is a very good thing to do."

I had to re-read this a few times to try to work out which shareholders the CEO was aligning his interest with.

Was it the venture capitalists, or was it us ordinary shareholders out in the street? Or was it perhaps themselves as the two largest single shareholders?

Assuming it was us shareholders he was referring to I have to say I don't feel very aligned with this Qiagen takeover strategy. We certainly don't get to make much money. Some one here is definitely in the wrong game.
  Forum: By Share Code

draughtsman
Posted on: May 3 2011, 07:48 PM


Group: Member
Posts: 529

Potentially a very hot topic Ciabatta, thanks for posting it.

You just have to wonder at the audacity of some these people. Or is it their gall?

Is it time for some French type thinking here in Australia?

What is it that blinds them to reality?
  Forum: Off Topic Chat

draughtsman
Posted on: May 3 2011, 06:17 PM


Group: Member
Posts: 529

I thought it may be of interest to have a look at Cochlear to see what it has done over the years that it has been listed and loved by its shareholders. CST I believe can aspire to do what COH has achieved at least share price wise although there are some differences eg many more employees, half the number of shares in COH than CST, basically single product company's, dedicated shareholder base. Some of these differences are actually in CST's favour so perhaps an even better outcome might be expected.

The attached image (one can't load an Excel file into SS) gives the comparisons. I hope it can be read OK. Note that this SS does no more than show what CST can become should it be allowed to whilst remaining in shareholder hands. I am sure you will have all now worked through the Valuation analysis that Forrest has provided. (Great work FG graduated.gif ) Our energies must remain in tact to ensure this takeover does not proceed.
Attached thumbnail(s)
Attached Image


 
  Forum: By Share Code

draughtsman
Posted on: May 3 2011, 03:49 PM


Group: Member
Posts: 529

I happen to be one of those who consider a tipping point in sales as a quite likely outcome.

Forrest’s approach in tracking sales through in a very conservative manner (and then applying a modest risk discount value) still gives an NPV that is miles above the figure that CST Management have agreed to on our behalf, yet at 2020 sales are only at about 1/3rd of the potential market. Very slow take up of an important product. Well yes the medical fraternity may be conservative and slow to accept new technology but gee whiz even in Australia where there is virtually no marketing effort at all presumably other than by word of mouth (although I am sure those medicos do read their journals) QFT tests are now more than half of all tests performed. The world will catch up. Won’t it?

So I put in a rather more active growth scenario arriving at about 75% of target market at 2020, applied the 22% risk (return) factor that Qiagen will enjoy and my NPV is still out over $13.

No matter what approach one uses you can’t keep a d’lid on that NPV.

  Forum: By Share Code

draughtsman
Posted on: May 3 2011, 11:03 AM


Group: Member
Posts: 529

Sorry that link in my post below has too many http's in it. Try this one.
  Forum: By Share Code

draughtsman
Posted on: May 3 2011, 10:28 AM


Group: Member
Posts: 529

Just like to draw your attention to the Cellestis Shareholder Action Group site where a significant valuation discussion and Valuation spreadsheet are available. All this is an excellent piece of work and I congratulate the author(s).

Concluding comments are very relevant. We are being taken as fools if we accept this offer. One just has to wonder at the wisdom residing at board level.

Cheers
  Forum: By Share Code

draughtsman
Posted on: Apr 27 2011, 06:36 PM


Group: Member
Posts: 529

Don't forget there are two guys in there with in excess of $40m skin each in this game. Post this debacle there is no way these two are just going to flop over and say stuff it I've had enough. And Chairman Pitcher being of the old school despite knowing he will be gone at the next chance we get to vote will also hang around. So I see it as business as usual. All I will want post the No vote meeting is an apology. And a real big one at that. This take over is defintely not in that school of - it seemed like a good idea at the time. It's been a bloody stupid idea from the day it started.
  Forum: By Share Code

draughtsman
Posted on: Apr 23 2011, 06:04 PM


Group: Member
Posts: 529

QUOTE
What irks me more than anything is Qi having access to information that we longstanding shareholders are denied. How much do Qi know about the technology and pipeline products that we as shareholders own? I bet it is more than any of us shareholders know.


Jockeyboy

Interesting observation this. When a company does its due diligence on its target what do they expect to get see? Do they only get to see the financial data and the forward projections and extrapolations, or do they get into the engine room of a biotech ie the lab and get to look down the microscopes - what are all you white coated guys working on? And gee whiz isn't that interesting. Never thought of that.

Or in Cellestis's case did they only get to see the six point hierarchy of projects that we shareholders have had the privilege of seeing ie projects are in six stages from concept to market (wow ah the joy!) but then we know nothing of the projects, what diseases involved and the potential market size of any of those projects. As shareholder owners we sure got to hear a lot about what was going on. Not. But the way QI have stitched management on this dreadful takeover offer I have no doubt they have had access to more than their R&D, they have had access to their dreams as well. Rather more than due diligence in my opinion. Jockeyboy this is indeed irksome.
  Forum: By Share Code

draughtsman
Posted on: Apr 21 2011, 10:03 PM


Group: Member
Posts: 529

The article in yesterdays Fairfax newspapers by Malcolm Maiden about the take over of Cellestis by Qiagen had two subtle comments.

First he referred to the bid as potentially quixotic: - my dictionary gives for quixotic as ‘Not sensible about practical matters; unrealistic.’

So powerful a description of a process/event in one word, but Maiden is wrong on potentially. It is not potentially quixotic it is just plain quixotic- plain not sensible; plain unrealistic. I see this as clear example of how disconnected the Board has become under Chairman Pitcher from its share holder base. Has he so quickly forgotten the hundreds of shareholders who showed up at the AGM’s every year and how amazed he always was to see such a crowd? Wouldn’t you think he might have understood they were there to hear about the progress of their company and how it will develop into the future, and that their investment in Cellestis was in fact a very good thing? In fact if Chairman Pitcher didn’t appreciate it perhaps the others on the board might have realized that these people had invested in the company because they saw a future there. No wonder there is a shareholder revolt. Yes indeed Quixotic.

The second subtle comment from Maiden (there may have been more but these two hit it for me) he kept till the very last – ‘What needs to be decided is whether it's paying enough for what Cellestis can become.’ This sums it up completely. It's all about what Cellestis can become.


We are invested in Cellestis not because of its share price today and that the bid happens to be 24% over the past x months vwap (or what ever that term is), but what it will be in succeeding years. What it can become. In its early days Cochlear had a share price of about $3.5 – what if there had been an opportunistic bid for that company at say $4.00? In four years time the COH share price was 10 times that value – there is no reason to believe that CST could not achieve the same, in fact the financial metrics for CST are actually better than those of COH. So how will the independent valuer go about valuing CST? No doubt it will be full of stuff like pe ratios and multiples of earnings etc etc which will give him a figure of....... $3.55. And then again the valuer could read the brilliantly prepared Cellestis Research Report made available by the Cellestis Share Holders Action Group and gain an appreciation of the huge opportunity Cellestis represents for its share holders. Dr. Daz has referred to this report a few posts back. This document is all about what Cellestis can become and it sure ain’t $3.55.

Go to the Cellestis Research Report here.

  Forum: By Share Code

draughtsman
Posted on: Apr 21 2011, 05:38 PM


Group: Member
Posts: 529

Malta,

When this is all over and the NO voters have their way Bennetts won't be around to offer such glib comment any more. He was probably a founding investor and got in at about 10c per share, so his 35 bagger under this take over is for him just another great and successful deal I have been involved in in getting a company up and running.

But when one considers the way CST has developed from an R&D focused company to one where the prime go now is in international marketing you would wonder why a director who was there because of his seed investor skills would be needed in a marketing company. If he had the company at heart he would have resigned his position years ago for someone with a more appropriate skill set in international marketing. He didn't of course and no doubt sees this take over as no more than closure of his efforts.
  Forum: By Share Code

draughtsman
Posted on: Apr 19 2011, 10:10 AM


Group: Member
Posts: 529

Looking at the Market Depth screens this morning it appears the hedge funds who have bought in over the past few weeks about to bail out given the anti vote to this incompetently thought out board sponsored take over deal.

Well tough titty for those hedge funds if they do their dough.

But this is where us shareholders need to be tough as well and also not sell - so it may be a hang on to your hats for the ride might get a bit rough for a while but the outcome whatever it will be will be better than $3.55.

cheers
  Forum: By Share Code

draughtsman
Posted on: Apr 4 2011, 11:35 AM


Group: Member
Posts: 529

"As part of Qiagen, we will be able to accelerate our growth much faster than as a stand-alone company and offer even greater benefits to patients and healthcare providers," said Anthony Radford, chief executive of Cellestis.

Well may we say "God save the patients and health care providers."

But who will save the shareholders?

Radford has never been big on shareholders and actually advising them of any thing of any meaning.

Now he will be rid of them. Perhaps.

A vote No from draughtsman.
  Forum: By Share Code

draughtsman
Posted on: Mar 25 2011, 05:30 PM


Group: Member
Posts: 529

The Irish Railway Company

The following is an exchange of correspondence between a customer and the Irish Railway Company - Larnrod Eireann.

Gentlemen, I have been riding your trains daily for the last two years, and the service on your line seems to be getting worse every day. I am tired of standing in the aisle all the time on a 14-mile trip. I think the transportation system is worse than that enjoyed by people 2,000 years ago. Yours truly,

Patrick Finnegan

Dear Mr. Finnegan, We received your letter with reference to the shortcomings of our service and believe you are somewhat confused in your history. The only mode of transportation 2,000 years ago was by foot.

Sincerely,


Larnrod Eireann.

-----------------------------------

Gentlemen, I am in receipt of your letter, and I think you are the ones who are confused in your history. If you will refer to the Bible and the Book of David, 9th Chapter, you will find that Balaam rode to town on his ass. That.... gentlemen, is something I have not been able to do on your train in the last two years!

Yours truly,


Patrick Finnegan.
  Forum: Off Topic Chat

draughtsman
Posted on: Mar 24 2011, 10:41 AM


Group: Member
Posts: 529

If all advertisements were only this good -

http://joshspector.com/2011/02/13/now-this...hSpector.com%29

  Forum: Off Topic Chat

draughtsman
Posted on: Mar 24 2011, 10:32 AM


Group: Member
Posts: 529

THIS OUGHT TO MAKE YOU FEEL BETTER ABOUT YOUR COMPUTER SKILLS!


Tech support:
What kind of computer do you have?

Female customer: A white one...

===============

Customer: Hi, this is Maureen. I can't get my diskette out.
Tech support: Have you tried pushing the Button?
Customer: Yes, sure, it's really stuck.
Tech support: That doesn't sound good; I'll make a note.
Customer: No , wait a minute... I hadn't inserted it yet... it's still on my desk... sorry...

===============

Tech support: Click on the 'my computer' icon on to the left of the screen.
Customer: Your left or my left?

===============

Tech support: Good day. How may I help you?
Male customer: Hello... I can't print.
Tech support: Would you click on 'start' for me and...
Customer: Listen pal; don't start getting technical on me! I'm not Bill Gates.

===============

Customer: Hi, good afternoon, this is Martha, I can't print. Every time I try, it says 'Can't find printer'. I've even lifted the printer and placed it in front of the monitor, but the computer still says he can't find it...

============== =

Customer: I have problems printing in red...
Tech support: Do you have a color printer?
Customer: Aaaah....................thank you.

===============

Tech support: What's on your monitor now, ma'am?
Customer: A teddy bear my boyfriend bought for me at Woolies.

===============

Customer: My keyboard is not working anymore.
Tech support: Are you sure it's plugged into the computer?
Customer: No. I can't get behind the computer.
Tech support: Pick up your keyboard and walk 10 paces back.
Customer:! OK
Tech support: Did the keyboard come with you?
Customer: Yes
Tech support: That means the keyboard is not plugged in. Is there another keyboard?
Customer: Yes, there's another one here. Ah...that one does work...

===============

Tech support: Your password is the small letter 'a' as in apple, a capital letter V as in Victor, the number 7.
Customer: Is that 7 in capital letters ?

== =============

Customer: can't get on the Internet.
Tech support: Are you sure you used the right password?
Customer: Yes, I'm sure. I saw my colleague do it.
Tech support: Can you tell me what the password was?
Customer: Five stars.

===============

Tech support: What anti-virus program do you use?
Customer: Netscape

Tech support: That's not an anti-virus program.
Customer: Oh, sorry...Internet Explorer.

===============

Customer: I have a huge problem. A friend has placed a screen saver on my computer, but every time I move the mouse, it disappears.

===============

Tech support: How may I help you?
Customer: I'm writing my first e-mail.
Tech support: OK, and what seems to be the problem?
Customer: Well, I have the letter 'a' in the address, but how do I get the circle around it?

===============

A woman customer called the Canon help desk with a problem with her printer.
Tech support: Are you running it under windows?
Customer: 'No, my desk is next to the door, but that is a good point. The man sitting in the cubicle next to me is under a window, and his printer is working fine.'

===============

And last but not least...

Tech support: 'Okay Colin, let's press the control and escape keys at the same time. That brings up a task list in the middle of the screen. Now type the letter 'P' to bring up the Program Manager.'
Customer: I don't have a P.
Tech support: On your keyboard, Colin.
Customer: What do you mean?
Tech support: 'P'....on your keyboard, Colin.


Customer: I'M NOT GOING TO DO THAT!!

  Forum: Off Topic Chat

draughtsman
Posted on: Mar 23 2011, 08:20 AM


Group: Member
Posts: 529

Henrietta,

I suggest at least another 3 months of patience required - and waiting. Given CST's propensity for not saying anything unless it is mandatory the next news possibility will be towards the end of the fin year when some guidance on profit may be issued. And if there is no guidance then I think it is about August when annual numbers are released. So sit back relax and find a good pinot to enjoy.

In the meantime the SP will do what ever it does. Just be on the alert for when it dips to your buy point and go in again.

cheers
  Forum: By Share Code

draughtsman
Posted on: Feb 11 2011, 03:49 PM


Group: Member
Posts: 529

Thanks Dr Daz,

For those not sure where Forrest lives these days try here.
  Forum: By Share Code

draughtsman
Posted on: Feb 9 2011, 02:25 PM


Group: Member
Posts: 529

QUOTE
the alarming lack of interest in this company by investors


er, how do you know this?

Perhaps investors have the SP right where they want it - relative to dividends eps and perceived revenue growth/profits in AUD.

Results out next week.

Let's see what happens then.
  Forum: By Share Code

draughtsman
Posted on: Feb 9 2011, 01:10 PM


Group: Member
Posts: 529

Perhaps klem and bigmumma could establish their own medical products marketing company - show 'em how its done.

Lovely young women in white dresses flouncing around waiting for their blood sample to be taken and then looking up on the internet to get their results. Smiling into the camera as they find out they have TB, saying OMG if I'd had that dreadful TST I might have been a negative. QFT is soo good for me. Why don't you get one too? hypocrite.gif biggrin.gif

Gees I can see the SP now - rocketing to $2.60
  Forum: By Share Code

draughtsman
Posted on: Feb 6 2011, 04:37 PM


Group: Member
Posts: 529

Puns for those with a slightly higher IQ


Those who jump off a bridge in Paris are in Seine.


A man's home is his castle, in a manor of speaking.

Dijon vu - the same mustard as before.

Practice safe eating - always use condiments.

Shotgun wedding - A case of wife or death.

A man needs a mistress just to break the monogamy.

A hangover is the wrath of grapes.

Dancing cheek-to-cheek is really a form of floor play.

Does the name Pavlov ring a bell?

Reading while sunbathing makes you well red.

When two egotists meet, it's an I for an I.

A bicycle can't stand on its own because it is two tired.

What's the definition of a will? (It's a dead give away.)

Time flies like an arrow. Fruit flies like a banana.

In democracy your vote counts. In feudalism your count votes.

She was engaged to a boyfriend with a wooden leg but broke it off.

A chicken crossing the road is poultry in motion.

If you don't pay your exorcist, you get repossessed


With her marriage, she got a new name and a dress.

The man who fell into an upholstery machine is fully recovered.

You feel stuck with your debt if you can't budge it.

Local Area Network in
Australia - the LAN down under.

Every calendar's days are numbered.

A lot of money is tainted - Taint yours and taint mine.

A boiled egg in the morning is hard to beat.

He had a photographic memory that was never developed.

A midget fortune-teller who escapes from prison is a small medium at large.

Once you've seen one shopping centre, you've seen a mall.

Bakers trade bread recipes on a knead-to-know basis.

Santa's helpers are subordinate clauses.




Acupuncture is a jab well done.


  Forum: Off Topic Chat

draughtsman
Posted on: Feb 2 2011, 02:57 PM


Group: Member
Posts: 529

NELSON AT TRAFALGAR 2010

Nelson: "Order the signal, Hardy."

Hardy: "Aye, aye sir."

Nelson: "Hold on, this isn't what I dictated to Flags. What's the meaning of this?"

Hardy: "Sorry sir?"

Nelson (reading aloud): "
England expects every person to do his or her duty, regardless of race, gender, sexual orientation, religious persuasion or disability.' - What gobbledegook is this for God's sake?"

Hardy: "Admiralty policy, I'm afraid, sir. We're an equal opportunities employer now. We had the devil's own job getting '
England ' past the censors, lest it be considered racist."

Nelson: "Gadzooks, Hardy. Hand me my pipe and tobacco."

Hardy: "Sorry sir. All naval vessels have now been designated smoke-free working environments."

Nelson: "In that case, break open the rum ration. Let us splice the mainbrace to steel the men before battle."

Hardy: "The rum ration has been abolished, Admiral. It’s part of the Government's policy on binge drinking."

Nelson: "Good heavens, Hardy. I suppose we'd better get on with it ........... full speed ahead.."

Hardy: "I think you'll find that there's a 4 knot speed limit in this stretch of water."

Nelson: "Damn it man! We are on the eve of the greatest sea battle in history. We must advance with all dispatch. Report from the crow's nest please."

Hardy: "That won't be possible, sir."

Nelson: "What?"

Hardy: "Health and Safety have closed the crow's nest, sir. No harness; and they said that rope ladders don't meet regulations.They won't let anyone up there until a proper scaffolding can be erected."

Nelson: "Then get me the ship's carpenter without delay, Hardy."

Hardy: "He's busy knocking up a wheelchair access to the foredeck, Admiral."

Nelson: "Wheelchair access? I've never heard anything so absurd."

Hardy: "Health and safety again, sir. We have to provide a barrier-free environment for the differently abled."

Nelson: "Differently abled? I've only one arm and one eye and I refuse even to hear mention of the word. I didn't rise to the rank of Admiral by playing the disability card."

Hardy: "Actually, sir, you did. The Royal Navy is under represented in the areas of visual impairment and limb deficiency."

Nelson: "Whatever next? Give me full sail. The salt spray beckons."

Hardy: "A couple of problems there too, sir. Health and safety won't let the crew up the rigging without hard hats. And they don't want anyone breathing in too much salt - haven't you seen the adverts?"

Nelson: "I've never heard such infamy. Break out the cannon and tell the men to stand by to engage the enemy."

Hardy: "The men are a bit worried about shooting at anyone, Admiral."

Nelson: "What? This is mutiny!"

Hardy: "It's not that, sir. It's just that they're afraid of being charged with murder if they actually kill anyone. There's a couple of legal-aid lawyers on board, watching everyone like hawks."

Nelson: "Then how are we to sink the Frenchies and the Spanish?"

Hardy: "Actually, sir, we're not."

Nelson: "We're not?"

Hardy: "No, sir. The French and the Spanish are our European partners now. According to the Common Fisheries Policy, we shouldn't even be in this stretch of water. We could get hit with a claim for compensation."

Nelson: "But you must hate a Frenchman as you hate the devil."

Hardy: "I wouldn't let the ship's diversity coordinator hear you saying that sir. You'll be up on disciplinary report."

Nelson: "You must consider every man an enemy, who speaks ill of your King."

Hardy: "Not any more, sir. We must be inclusive in this multicultural age. Now put on your Kevlar vest; it's the rules. It could save your life"

Nelson: "Don't tell me - health and safety. Whatever happened to rum, sodomy and the lash?"

Hardy: “As I explained, sir, rum is off the menu! And there's a ban on corporal punishment."

Nelson: "What about sodomy?"

Hardy: "I believe that is now legal, sir."

Nelson: "In that case................................ kiss me, Hardy.
  Forum: Off Topic Chat

draughtsman
Posted on: Jan 20 2011, 07:11 PM


Group: Member
Posts: 529

Dr Daz,

With all these conferences - and I see a full book for the year - they will surely at some stage have to start talking to the converted. graduated.gif
  Forum: By Share Code

draughtsman
Posted on: Dec 20 2010, 10:09 AM


Group: Member
Posts: 529

Hi grizzly,

Be interested to know what procedures are in place in respect of the HCW's out there on Christmas Island. Would appear that the potential for exposure to Tb is quite high with both recent arrivals and some of the long termers, so what safeguards are practiced for those who run the outfit, not forgetting also the pilots who have to fly those ill people to the mainland?

But I have to disagree with you on one point - what does it matter if it takes a week to get a QFT result turn around? Those people out there aren't going any where else are they? At least in the short term. So that turn around time effectively doesn't matter in this situation.
  Forum: By Share Code

draughtsman
Posted on: Dec 15 2010, 11:24 AM


Group: Member
Posts: 529

Arty,

Wife and I were in New York this time last year to celebrate arrival of first grand child. Son in law advised there was a very good wine shop nearby where Penfolds Grange was available. Wine shop owner turned out to be an Aussie and had the Grange available for $270 a bottle (is actually far more than I would spend on a bottle of wine but hey,,,, first grand child and NY as well). The shop owner managed to pick up considerable quantities of the Grange when our AUD was about half what it is now and was still selling it based on his original purchase price. Needless to say the Grange was excellent but the shop owner tried to persuade us to buy almost any French wine he had on his shelves as it will be a far better wine and about half the price. Was quite tempted but some exotic French wine for our celebrations would have meant nothing.

Cheers
  Forum: Off Topic Chat

draughtsman
Posted on: Dec 14 2010, 08:14 PM


Group: Member
Posts: 529

The fear I have is that S&G could be right -
QUOTE
there is a strong basis to contend that the Company misled the market


Those running the show back then weren't the brightest lights in the room - to wit sell the whole company off to the Chinese at 80c per share and here we have now a year or so later just one component of that multi mine company worth more than twice that amount. Thank goodness Wayne Swann found that Woomera proximity was a plausible excuse to prevent the sale of OZL.

But I doubt that the company will have to cough up in any action. More likely to be the insurance companies of those previous directors that will feel the pain.
  Forum: By Share Code

draughtsman
Posted on: Dec 13 2010, 12:34 PM


Group: Member
Posts: 529

Speaking of viruses has anyone used the Sandboxie program and if so could they comment on it? Apparently creates a secure area on your hard drive from which one can surf the net, open emails etc. Worth it or not?

thanks
  Forum: Off Topic Chat

draughtsman
Posted on: Nov 30 2010, 04:38 PM


Group: Member
Posts: 529

From the rogblog

When confronted by evidence that the TST may/is less than perfect the Australian Tuberculosis Review resort to their default position;
The major limitation is that we don't have a gold standard.

In effect they are saying because there is no standard any old test is therefore good enough, which is right up there in 'she'll be right, mate' territory.

Which is clearly to hell with the practice of best diagnostics.

About what you would expect I suppose. One just wonders what we might achieve if Australians supported their local science.
  Forum: By Share Code

draughtsman
Posted on: Nov 25 2010, 03:36 PM


Group: Member
Posts: 529

The Lie detector

John was a salesman's delight when it came to any kind of unusual gimmicks. His wife, Marsha, had long ago given up trying to get him to change.

One day John came home with another one of his unusual purchases. It was a robot that John claimed was actually a lie detector.

It was about
5:30 that afternoon when Tommy, their 11 year old son, returned home from school. Tommy was over 2 hours late.

"Where have you been? Why are you over 2 hours late getting home?" asked John.

"Several of us went to the library to work on an extra credit project," said Tommy.

The robot walked around the table and slapped Tommy, knocking him completely out of his chair.

"Son," said John, "this robot is a lie detector, now tell us where you really were after school."

"We went to Bobby's house and watched a movie." said Tommy.

"What did you watch?" asked Marsha.

"The Ten Commandments.." answered Tommy.

The robot went around to Tommy and once again slapped him, knocking him off his chair.

With his lip quivering, Tommy got up, sat down and said, "I am sorry I lied. We really watched a tape called Sex Queen."

"I am ashamed of you son," said John.. "When I was your age, I never lied to my parents."

The robot walked around to John and delivered a whack that nearly knocked him out of his chair.

Marsha doubled over in laughter, almost in tears and said, "Boy, did you ever ask for that one! You can't be too mad with Tommy. After all, he is your son!"

The robot walked around to Marsha and knocked her out of her chair.
  Forum: Off Topic Chat

draughtsman
Posted on: Nov 17 2010, 03:59 PM


Group: Member
Posts: 529

Or has T Radford spread himself around a bit?

More likely he has just been in his office doing such office things, and the 'numbers' are starting to speak for themselves.

Wow those sellers last Monday must be just about to reach for some of those dispirin that Chairman Ron was about to ingest after the guidance figures were issued at the AGM.

cheers
  Forum: By Share Code

draughtsman
Posted on: Nov 13 2010, 04:16 PM


Group: Member
Posts: 529

QUOTE
The cavalry is being organised for next week, assuming things go OK on Monday.



Hi D'lids,

Would you care to elaborate on what you are saying here?

Thanks
  Forum: By Share Code

draughtsman
Posted on: Nov 12 2010, 05:31 PM


Group: Member
Posts: 529

QUOTE
UMM somewhat ominous


Quite so. A couple of men of principle exit when the Children's Fund get their way.

Doubt this company will look anything like it does now in 12m time.
  Forum: By Share Code

draughtsman
Posted on: Nov 2 2010, 08:37 AM


Group: Member
Posts: 529

If the company provides a forecast it at least gives it a target to aim for - without one - well we hope to do our best. So almost any result is satisfactory.

And if something unforeseen comes along companies are allowed to make adjustments.

Of course the suggested 50% growth in the US market is a forecast and with the ROW included this averages down to about 35%. But why not take this to the next stage and link it to a profit forecast?

All gets down to actually liking to communicate with your shareholders.
  Forum: By Share Code

draughtsman
Posted on: Nov 1 2010, 09:09 PM


Group: Member
Posts: 529

henrietta,

I would expect this share price weakness to extend at least up to AGM time when we should hear of trading conditions in respect of the last few months which hopefully will be on the strong side.

The other matter likely to change sentiment post the AGM is that I expect that management will have clearly pointed out to them that their shareholders are distinctly unhappy (well this one is at least) about the level of disclosure the company follows regarding potential market size ie $1billion revenue pa, gross profit margins approaching 70% and guidance on future after tax profits, and that there really is a need to let shareholders in on the story. To date it has been a tell 'em nuthin approach - to wit the Chairman's remarks in the AR viz: we remain steadfast in our view not to provide forecasts. I must admit I have wondered about this refusal to provide forecasts - sort of suggests they do not have faith in their marketing abilities.

cheers
  Forum: By Share Code

draughtsman
Posted on: Oct 28 2010, 10:53 AM


Group: Member
Posts: 529

QUOTE
Who is Rog?
And what is his website ?.


Hi Ian,

Rog used to post in here until the authorities clamped him, so he now runs a blog on Quantiferon, Cellestis TB and some other things in general. Find it here. And there is also another blog that may be of interest - find it here.

cheers
  Forum: By Share Code

draughtsman
Posted on: Oct 6 2010, 03:51 PM


Group: Member
Posts: 529

D'Lids,

You make some subtle points about where CST is at with its test and the potential of it. The Company for some reason seems quite reluctant to tell the market about itself and your point here -
QUOTE
...or even talk about what the end game might look like for QFT.
is spot on. All they have done is say that the size of the testing market they believe they can capture is of the order of 50m tests pa - this does make it an in excess of $1b revenue company, but they refuse to say it. What percentage of all LTB testing (QFT +TST) this is I don't know and I am not sure that I care should that 50m target be achieved.

Management seem to think that it is only necessary to talk to its shareholders at half yearly and yearly intervals with a supporting chat post the release of the financial numbers to the privileged few if you happen to be a client of one or two broking houses. Given that this company could have (will have?) very strongly growing revenues perhaps some quarterly advices would be welcome.

Just to keep the market informed.

cheers
  Forum: By Share Code

draughtsman
Posted on: Aug 25 2010, 10:29 AM


Group: Member
Posts: 529

QUOTE
Had they taken out proper hedging 'insurance' the bottom line would have been somewhat more different.


Yes indeed, it may well have and been significantly less.

The more difficult the hedging environment the more the premium goes up. I understand that this last year has been exceptionally expensive for those that cared to employ it. And even then there is a chance they get it wrong.

cheers
  Forum: By Share Code

draughtsman
Posted on: Aug 5 2010, 10:37 AM


Group: Member
Posts: 529

I just have a concern about CFU - not at all about its product or its management but about its financial structure and how this might impact on the SP. The company has more than 1b shares on issue which means that for small movements or advances in the SP the company starts to assume significant market capitalization. Nothing wrong with that of course but as long as the size of the capitalization is supported by the business underneath it all. Thus whilst the company is in this start up phase which hopefully will be quite successful I think capitalization needs to be considered carefully as the business at this point in time just isn't there to support large valuations. Thus I see this issue keeping a lid on the SP for quite some time which precludes me from making an entry into the stock.

Others no doubt will see this differently. This is my DYOR for what it is worth on CFU.

cheers
  Forum: By Share Code

draughtsman
Posted on: Jul 13 2010, 04:38 PM


Group: Member
Posts: 529

I was at my bank today; there was a short line.

There was just one lady in front of me, an Asian lady who was
trying to exchange yen for dollars.

It was obvious she was a little irritated . . . She asked the teller,
"Why it change? Yesterday, I get two hunat dolla fo yen. Today
I only get hunat eighty? Why it change?"

The teller shrugged his shoulders and said, "Fluctuations."

The Asian lady says, "Fluc you white people too"

  Forum: Off Topic Chat

draughtsman
Posted on: Jun 13 2010, 11:44 PM


Group: Member
Posts: 529

Thanks Bing,

Yes I had actually done all that but thought there must have been something else to do as I could not get the linking to work. I eventually uninstalled Quicken and re installed - that improved the backup process required to be performed prior to linking being possible, but then I found my data file was corrupted so I am now having to recreate that going back a few years - what a pain. Any way I now have the CMA and the share trading account linked.

Thanks for your response.
  Forum: Off Topic Chat

draughtsman
Posted on: Jun 13 2010, 02:13 PM


Group: Member
Posts: 529

Quicken 2010 - Personal Plus Version

Have just started using this latest version of Quicken after my accountant renegged on accepting my details on a much older Quicken version - my data in the old version just would not translate across to the newer versions any more.

Well it was as easy as pie in the older versions but how does one in the 2010 version couple a share trading account to a cash management account so that shares bought in the trading account draw on funds held in the cash management account? I see no way of connecting the two.

Advice appreciated.

thanks
  Forum: Off Topic Chat

draughtsman
Posted on: May 29 2010, 02:53 PM


Group: Member
Posts: 529

QUOTE
I feel it's more like things didn't go as planned with the CDC.


Perhaps you may be right but perhaps not in the way you seem to be implying. If you think on it there is no way the world will go back to the TST test now that there is a far better blood test about, so it is more likely the delay is possibly due to the revision of their guidelines to be more in favour of the blood test and that they are still seeking some further information eg perhaps about children under five. I read it as the longer the delay the better it must get for QFT/CST.

cheers
  Forum: By Share Code

draughtsman
Posted on: May 13 2010, 11:35 AM


Group: Member
Posts: 529

Hi macduffy - of course not.

And I am sure that analyst has got it right as well, but one needs to be quite careful of analyst broker recommendations - whilst they may in fact be quite correct in their assessments they are primarily designed to cause or induce a trade with the broker clients. That's how the house makes its money.

And yes there is no way an analyst would get to attend a board meeting but only if they could have with the previous OZL regime.

best regards
  Forum: By Share Code

draughtsman
Posted on: May 13 2010, 09:52 AM


Group: Member
Posts: 529

QUOTE
Following a site visit to Prominent Hill the broker has upgraded to an Outperform rating as it sees enough value to justify a more positive view.


Why should the broker need a site visit to cause him to change his view on this stock? Doesn't he believe the releases and quarterly reports the company makes? Lucky for the analyst there is only one site to visit. How does he get on analyzing stock like RIO and BHP with hundreds of sites? Does he have to visit them all to get an appreciation of the company? And how does seeing a hole in the ground and a working mill cause one to alter ones view? My guess would be that all operating mines look pretty much the same.

We all already know OZL have a good thing going at Prominent Hill. He would have been better off attending a board meeting to see how they perform.

cheers
  Forum: By Share Code

draughtsman
Posted on: May 12 2010, 10:59 AM


Group: Member
Posts: 529

Another worthwhile site re photography to visit is

http://photoinf.com

There are many links in there on composition and structure of photos

Edit: When you go to this link it wants to open in a Forum which shows as a blank. Just delete the /forum in the address of the link and go again.
  Forum: Off Topic Chat

draughtsman
Posted on: May 11 2010, 08:09 PM


Group: Member
Posts: 529

If you are interested in photography check this out

http://forums.whirlpool.net.au/forum/132
  Forum: Off Topic Chat

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