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

6 Pages (Click to Jump) V   1 2 3 4 > »    
 
  
Reply to this topic

WPG, WESTERN PLAINS RESOURCES LIMITED
fab1
post Posted: Aug 24 2011, 01:46 PM
  Quote Post


Posts: 291
Thanks: 46


Surprised they havent commented on this yet
Perhaps only preliminary at this stage

http://www.marketwatch.com/story/evergreen...coal-2011-08-23

QUOTE
DENVER, Aug 23, 2011 (BUSINESS WIRE) -- --Full Testing Program for SCH coal Continues on Track
Evergreen Energy Inc (nyse arca:EEE) is pleased to announce the successful testing results of the initial batches of Penrhyn coal using Evergreen Energy's coal upgrading process. The testing is a continuation of efforts to develop the Penrhyn deposit which is owned by Southern Coal Holdings, a joint venture between WPG and EEE. Earlier this summer, SCH announced the completion of a core drilling program and released a preliminary JORC-compliant resource statement of 352 metric tons (Mt) in the Penrhyn deposit with a further exploration target of 300 to 330 Mt. The current announcement describes initial results of testing this coal at EEE's Gillette, Wyoming Test Facility.




--------------------
Never underestimate [color=green]how high a stock may rise[/color] and [color=red]how low a stock may fall[/color] - sentiment can be the cause of much euphoria and also great despair.

Said 'Thanks' for this post: macduffy  
 
macduffy
post Posted: Aug 22 2011, 02:46 PM
  Quote Post


Posts: 2,379
Thanks: 263


In Reply To: fab1's post @ Aug 22 2011, 09:15 AM

Just how good an outcome this will be for WPG shareholders depends largely on the value of the remaining (coal) assets. And of course the certainty factor has a value, once the deal becomes certain!

At the moment, the market doesn't appear to be valuing the residual assets very highly.

Disc; Holding WPG.

 
fab1
post Posted: Aug 22 2011, 09:15 AM
  Quote Post


Posts: 291
Thanks: 46


Wow smile.gif

http://www.westernplainsresources.com.au/a...6%20million.pdf

QUOTE
WPG Resources Ltd (ASX:WPG) is pleased to advise that it has agreed to sell its
iron ore assets in South Australia to OneSteel Limited (ASX:OST) for total proceeds
of approximately $346 million, equivalent to $1.40 pre-tax per WPG share
(undiluted), and to make a tax-effective cash distribution to its shareholders.




--------------------
Never underestimate [color=green]how high a stock may rise[/color] and [color=red]how low a stock may fall[/color] - sentiment can be the cause of much euphoria and also great despair.
 
macduffy
post Posted: Jul 18 2011, 10:50 AM
  Quote Post


Posts: 2,379
Thanks: 263


In Reply To: macduffy's post @ Jul 18 2011, 10:48 AM

And WPG announced first longterm contract for the sale of "Coober Pedy superior fines".

http://asx.com.au/asxpdf/20110718/pdf/41ztdtx0zq0yqq.pdf

 
macduffy
post Posted: Jul 18 2011, 10:48 AM
  Quote Post


Posts: 2,379
Thanks: 263


In Reply To: fab1's post @ Jul 18 2011, 09:22 AM

Thanks, fab.

Lower valuations are ostensibly based on revised exchange rate assumptions. Given the volatility there, such valuations can be expected to jump around a fair bit before any ore gets sold!


cool.gif

 
fab1
post Posted: Jul 18 2011, 09:22 AM
  Quote Post


Posts: 291
Thanks: 46


In Reply To: macduffy's post @ Jul 16 2011, 06:45 AM

There is a newer report
http://www.westernplainsresources.com.au/p...July%202011.pdf

QUOTE
Recommendation
- The fully permitted and approved Peculiar Knob project is set for
first production in May 2012. We continue to recommend a BUY
with a price target of $1.39 per fully diluted share
(previously $1.72ps) based on DCF methodology on a 3.3mtpa
operation at Peculiar Knob.
- Our upside scenario values WPG at $2.00 per fully diluted
share (previously $2.44ps) based on a 5.0mtpa production rate.




--------------------
Never underestimate [color=green]how high a stock may rise[/color] and [color=red]how low a stock may fall[/color] - sentiment can be the cause of much euphoria and also great despair.

Said 'Thanks' for this post: macduffy  
 

sentifi.com

Share Cafe Sentifi Top themes and market attention on:


macduffy
post Posted: Jul 16 2011, 06:45 AM
  Quote Post


Posts: 2,379
Thanks: 263


Latest research from Veritas Securities.

http://www.wpgresources.com.au/pdf/Veritas...0May%202011.pdf

New valuation of $1.72 at 3.3mtpa, $2.44 at a future 5mtpa.

 
macduffy
post Posted: Jul 15 2011, 10:18 AM
  Quote Post


Posts: 2,379
Thanks: 263


And the news keeps coming with an announcement that the Buzzard deposit will be fast tracked and developed in parallel with Prculiar Knob.

http://asx.com.au/asxpdf/20110715/pdf/41zsgr30fvlzgd.pdf

 
macduffy
post Posted: Jul 8 2011, 11:28 AM
  Quote Post


Posts: 2,379
Thanks: 263


Another positive announcement from WPG is providing further impetus to the SP today.

 
fab1
post Posted: Jul 7 2011, 10:47 AM
  Quote Post


Posts: 291
Thanks: 46


Playing out nicely so far smile.gif



--------------------
Never underestimate [color=green]how high a stock may rise[/color] and [color=red]how low a stock may fall[/color] - sentiment can be the cause of much euphoria and also great despair.
 
 


6 Pages (Click to Jump) V   1 2 3 4 > » 

Back To Top Of Page
Reply to this topic


You agree through the use of ShareCafe, that you understand and accept the TERMS OF USE.


TERMS OF USE  -  CONTACT ADMIN  -  ADVERTISING