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 >

2 Pages (Click to Jump) V   1 2 >

marwoode
Posted on: Apr 2 2015, 02:27 PM


Group: Member
Posts: 239

forward sell 10% of it...

Bob calls his friendly futures broker in Chicago...

"Hey Chuck, Bobby Hosking here... ahhh mate... those Dec 2020 CME oil futures - 13.5 million barrels yours at $65.90 thanks shag!"

Click goes the phone... ch-ching goes the cash register as US$215 million drops in!

"Mark, pull your finger out mate - you've got five years to get at least 13.5 million barrels out of Kangaroo!"

(sigh - I wish it was this simple! lol)
  Forum: By Share Code

marwoode
Posted on: Aug 22 2013, 07:33 PM


Group: Member
Posts: 239

a tough call indeed... I doubt they'll get a full suite of data from this well, but I'm hopeful they will get enough to make some positive comments and de-risk the greater structure a wee bit more.

I hadn't really contemplated that they might back up the bus and start a new hole a few hundred metres away, but I guess there isn't any pressing time constraints to get Grace drilled, so perhaps it is an option?

whatever the case, the whole concept of a hole about 5km deep being drilled by a 4 inch bit is really quite mind boggling for me... if nothing else it underscores the incredible technology and engineering that is involved, and it also makes me grateful that petrol is only $1.60 per litre! 8)



  Forum: By Share Code

marwoode
Posted on: Aug 20 2013, 09:27 PM


Group: Member
Posts: 239

apache - if they move the rig 250m away, won' they be right back to square one on a whole new hole?

the time is certainly dragging on with this Proteus well, but I'd prefer they go nice and slow and keep it as safe as possible.

apparenty the Inpex guys had similar troubles on some of their wells in similar structures at Ichthys, so at least the issues facing COP/KAR aren't unheard of.

I've got my fingers crossed 8)

also... I would expect that there should be some news out in the coming days/weeks with regards to the Bilby well - from memory the Kangaroo preliminary resource estimate came out 11 weeks after the discovery, so in theory the Bilby one is due soon?

  Forum: By Share Code

marwoode
Posted on: Sep 3 2011, 02:14 PM


Group: Member
Posts: 239

Hi Malfrey, apologies for the delay in responding... I had only posted on the CQT thread, and didn't realise anyone had commented on the CAH thread! There is very little banter about this merger deal, which I think is very sad, given lots of people's money is at stake here.

Onto my take on the merger deal...

IMHO CAH & CQT management teams are both driving this merger for the wrong reasons - i.e. reasons that are not aligned to immediate shareholder interests... longer term it will work out for shareholders perhaps, but the short term motivations are very questionable IMHO...

the recent RBC research report ( http://www.catalparesources.com.au/_conten...cuments/998.pdf ) on CAH bears my view out to a certain degree with a great comment on page 12 as follows;

+++++++++++++++++++++++++++++++++++++++++++++++++

Relative Values or Agreeing Terms

The method and basis used to assess relative value for the merger is obviously of interest. How did three management teams agree that a split of 31% each for CAH and CQT was appropriate and that NCM's mines are worth A$390m or 38% of NewCo?

From experience, we believe that agreement from two parties on relative value for a merger is extremely difficult, and hence getting agreement from three would have been a great achievement, to say the least. The desire to agree terms and move forward must have been strong, in our view.

+++++++++++++++++++++++++++++++++++++++++++++++++

Remember that those are the words of the RBC analyst, not mine!! But isn't it interesting that he also questions the valuations behind this deal, and the desire (i.e. motivations) to get the deal done? He clearly didn't read the official CAH/CQT management merger memo which tells us all how good this deal is!!

The RBC analyst also says on page 14 that; "one plus one plus one equals more than three" - he clearly forgot to read the official merger memo on that as well... in the initial conference call on the merger deal, Mr Klein from CQT spouted that "1+1+1=4" which is just pure fantasy IMHO!

Indeed, one of the only benefits the CAH/CQT management can come up with for this merger is that the market will re-rate the merged entity, so therefore we should all be happy and thank these guys for there hitherto mediocre performance! Given the current market uncertainty, why would the market rush to re-rate these companies given the uncertainty of the merger process - not to mention the hideous cost to shareholders once all the advisors/lawyers/accountants/consultants/etc are paid millions of dollars in fees! You may recall that Oxiana & Zinifex management spruiked that 1+1=3, and that the market would re-rate Oz Minerals - history shows that was just a pipe dream! Sure the merged CQT/CAH entity will get a re-rating eventually, but from what discounted level?

The RBC analyst goes on to mention the 50-50 nature of the merger was based on the CAH & CQT market caps as at 14th June 2011 (the day before the merger deal was announced). Wasn't it lucky that; a/ CQT had been smashed down in the months prior, and that; b/ CAH had a "fortuitous" bid from SBM a month prior! Interestingly the analyst highlights this in Exhibit 5 on page 6 for all to see. I guess my bias here is because I was a CQT shareholder, and I feel that CQT shareholders are getting the shortest end of the stick in this merger.

However CAH shareholders are really getting the absolute shortest end of the stick (outside of the merger) as they are being robbed of the SBM offer... CAH finished on Friday at $1.56, yet the theoretical value of SBM's opening bid is now worth $1.94 - how can CAH management seriously say that this complex merger is a better deal for CAH shareholders? I guess part of the reason may revolve around the number of current CAH management who retain cosy positions in the proposed merged entity? Again, it is not just me who has concerns about this, tune into the initial merger announcement conference call ( http://www.brr.com.au/event/81724?popup=true ) and listen to a series of questions to CAH's Bruce McFadzean from a chap from Deutsche Bank around the 28:40 mark. What makes me cringe is the way Mr Klein from CQT steps in, and rudely cuts off the guy from Deutsche before the question is answered satisfactorily!! Clearly dissenting opinions are not welcome!!!

One thing that the RBC report didn't mention - conveniently perhaps - is the massive rewards that certain CQT directors (predominantly Mr Klein) will reap from this merger - as it stands 32 million CQT director options, which were predicated around incentive to succeed, will be exercised about 18 months ahead of the set performance hurdles originally intended!!!! Those options will convert to CQT stock prior to the merger which is worth approx $14.8 million - normally the exercise of options means that money flows into the company's coffers, but these director options are subject to a "non-recourse, interest free loan" from the company so the directors can exercise them!!! THIS IS SOOOOO WRONG, and thus far it is slipping completely under the radar! Who knows what will become of the non-recourse, interest free loan in the merged entity??? Needless to say, there is NO mention of it in the merger Deed, and I don't expect to see any mention of it in the scheme of arrangement documentation either!

In my humble opinion, I think when CAH & CQT send out the wads of paperwork for the scheme of arrangement to shareholders, they should include a complimentary peg so that shareholders can place it on our nose so they can't smell the stink that if wafting up from this merger deal...

I am open to dissenting views, and would welcome comments from you or others Malfrey...

cheers... marwoode
p.s. what really annoys me about the merger is how both companies, since the merger announcement in June 2011, have not had any benefit from the increase in the price of gold - if the merger was as great as management would have us believe, then why is the market not gagging to bid up either CQT & CAH shares?? Sadly for CQT & CAH management, the broader market is obviously not as stupid as CQT & CAH shareholders who are happy to have the wool pulled completely over their eyes on this merger deal!
  Forum: By Share Code

marwoode
Posted on: Jun 19 2011, 09:15 PM


Group: Member
Posts: 239

I won't beat about the bush... I think this deal is a dud for CQT shareholders!

has anyone here got a view?

  Forum: By Share Code

marwoode
Posted on: Jan 29 2011, 10:05 PM


Group: Member
Posts: 239

The link was to a story entitled "ExxonMobil Says Natural Gas to Surpass Coal by 2030" - Google it - there are a few other sites running with the story other than the WSJ.

The reality is gas is indeed plentiful, and that is a good thing as it will help to keep the world running for decades to come... the value of gas may seemingly be under pressure at the moment, but ask yourself if the current price reflects the calorific content of gas? Then ask yourself if the Henry Hub price of gas has much relevance to long term contract prices of gas...

You mention you are a gold bug, so you surely understand that part of the move in gold is due to the inflationary pressures caused by the rampant money printing that is going on in the Western world? Another part of the move is due to smart money fleeing worthless paper money and buying hard assets as a safe store of wealth. You should also know that some very smart lads are banging the same drums of inflation and safety... Rodgers, Paulson, Soros, Faber to name just a few. My view is that energy assets are no different, except that energy assets have a real tangible use, and therefore underlying inelastic demand, that precious metals simply do not have (in any meaningful manner).

All that said, I'm long gold & silver as well as oil & gas...


  Forum: By Share Code

marwoode
Posted on: Jan 29 2011, 07:45 AM


Group: Member
Posts: 239

http://online.wsj.com/article/SB1000142405...0422123304.html

who ya gonna believe Webspyda?

ExxonMobil probably know a bit more about the oil & gas industry than you and all the esoteric websites you find...

  Forum: By Share Code

marwoode
Posted on: Nov 17 2010, 01:40 PM


Group: Member
Posts: 239

plastic... check your glass, the bit that isn't half empty is half full...
  Forum: By Share Code

marwoode
Posted on: Nov 17 2010, 01:10 PM


Group: Member
Posts: 239

hilarious reaction!

it looks like there was a backlog of lads over their margin limit getting turfed out of the best position they had in their portfolio!!!

I'm spewing as I had a buy order at $7.90 so thus far it is unfilled... but no doubt the roller coaster will come back again shortly and fill me...

  Forum: By Share Code

marwoode
Posted on: Nov 5 2010, 02:48 PM


Group: Member
Posts: 239

ummm...

either they are slow typists at Prana, or perhaps there is more news to come?

I imagine that money would change a few things, and who knows, maybe other things were already afoot?

also, I would expect an announcement like this from Brumby will generate a fair amount of media interest, so perhaps they are leaving PBT off the boards so that trading decisions can be made with all information to hand? Which is of course how the market is supposed to operate...
  Forum: By Share Code

marwoode
Posted on: Nov 5 2010, 02:32 PM


Group: Member
Posts: 239

plastic...

you were close...

http://www.alpvictoria.com.au/news-events-...mer-s-research/

this is a good result for PBT holders as it means no dilution - in fact it is negative dilution as many were anticipating (me included!) another 200 million shares to be issued in a capital raising!

the Vic Govt have been involved with Prana for a long time and they have given the science a ringing endorsement!
  Forum: By Share Code

marwoode
Posted on: Oct 27 2010, 05:50 PM


Group: Member
Posts: 239

no doubt margin lenders all across the country got their $15,000 back today, and a few cowboys are going to buy themselves $5000 worth of new boots!

IMHO it is crazy to sell after the Brazil news released this morning (unless you had to of course!) as the current market cap of Karoon does not reflect the mark-to-market valuation for the South American assets, and the Australian assets...

my simple take on it (with rough numbers) is thus...

Karoon Gas Australia owns the following;

* Browse Basin assets - valued by the market up until a few weeks ago at around A$1.5 billion

* Timor Sea asset - worth something, but lets assign it a A$0 valuation to keep life simple

* Cash - in excess of A$300 million after the SPP

* South American assets with a guidance valuation range of (including cash after the IPO) of US$1.9 billion to US$2.4 billion)

assuming the IPO gets away safely at the low end (US$1.9 billion), and assuming an AUD/USD exchange rate of 1.0000, then KAR should be worth A$3.7 billion...

the KAR market cap today is A$2.04 billion... so in theory, KAR after the IPO needs to start working its way towards $17.00 per share to reflect the A$3.7 billion in cash & assets that it owns!

I should get a new bumper sticker... "Make money now - ask me how!"

  Forum: By Share Code

marwoode
Posted on: Oct 27 2010, 08:02 AM


Group: Member
Posts: 239

if it prices at the bottom of the range, then 100% of Karoon SA is worth US$1.946 billion

if it prices at the top of the range then 100% of Karoon SA is worth US$2.423 billion

not bad for a company with a market capitalisation of just over A$2 billion - is the Browse Basin a free attaching option??? 8)

Go King Karoon!! king.gif
  Forum: By Share Code

marwoode
Posted on: Oct 11 2010, 11:52 AM


Group: Member
Posts: 239

not many on offer at the moment... is this stock so tightly held? or is it set to run???
  Forum: By Share Code

marwoode
Posted on: Oct 11 2010, 11:40 AM


Group: Member
Posts: 239

"shortly & imminent"

Mr Hosking, the master of understatement!

http://www.abc.net.au/insidebusiness/conte...10/s3034121.htm

click the video link to watch...

BE - YEWD - DEE- FUL!!!

Go King Karoon!! king.gif
  Forum: By Share Code

marwoode
Posted on: Oct 7 2010, 08:08 PM


Group: Member
Posts: 239

not a bad placement... not too excessive, and at a fair price considering PEK was around $0.20 not so long ago...

all in, PEK is still dirt cheap considering all the rich dirt that they have~!!! 8)



  Forum: By Share Code

marwoode
Posted on: Oct 7 2010, 03:05 PM


Group: Member
Posts: 239

yes... it highlights the potential of the KAR-Brazil deal by referencing the recent US$70+ billion Petrobras IPO and the sale of 40% of Repsol-Brazil to Sinopec for US$7.1 billion... they simply extropolate the value to the proposed sale of 30% of KAR-Brazil, and suggest it will unlock a lot of value for KAR shareholders...

BA-ML have been bullish on KAR ever since they initiated coverage, and they still rate KAR a buy with a A$11.49 target.

all good stuff...

from where I sit, I take a more simple approach that says if KAR is currently worth approx A$1.5 billion (give or take a few hundred million) and they are getting close to flogging 30% of an asset that is currently undervalued in the Aussie market, for a figure that could be close to US$1 billion, then what sort of re-rating can I expect? Bearing in mind that the sale does not entail any dilution to KAR shareholders! Given I'm not too good at maths, I figure that on the raw numbers above, KAR should get AT LEAST a 50% re-rating to the upside! But of course I could be wrong...

  Forum: By Share Code

marwoode
Posted on: Sep 16 2010, 10:25 PM


Group: Member
Posts: 239

yip... the close was originally meant to be 3.00pm Sydney time, then it came in to 11.30am, then 10.30am... but I think it was all done before then! A very bullish sign indeed!

another very important thing to note is Mr Hosking has AGAIN managed to raise money at a level which is not below his previous raising... not a bad record for a stock listed many years ago!!!



  Forum: By Share Code

marwoode
Posted on: Sep 16 2010, 10:08 PM


Group: Member
Posts: 239

and a SPP to follow by the looks... nice opportunity for us poor KAR shareholders to get another piece of the pie!

now watch as all the bunnies sell into KAR to fund their SPP participation!

recall what happened in the last placement & SPP... King Karoon didn't come back that hard... and once it was done & dusted, the sell off that many predicted did not eventuate!

  Forum: By Share Code

marwoode
Posted on: Sep 16 2010, 09:39 PM


Group: Member
Posts: 239

it is a super announcement indeed... and CQT are slowly engulfing NQM too now they have purchased the 40% HSK interest in Pajinco ... Mr Klein is certainly not letting the grass grow under his feet~!!! smile.gif
  Forum: By Share Code

marwoode
Posted on: Sep 10 2010, 02:33 PM


Group: Member
Posts: 239

I can see & hear it... they also published it on their website:

http://www.webfirmgroup.com/investor-boardroom-radio.asp

it all looks good for global domination of online advertising!! cool.gif
  Forum: By Share Code

marwoode
Posted on: Aug 25 2010, 10:22 AM


Group: Member
Posts: 239

webspyda - my "nik" has never changed, and neither has my message on KAR - you can scroll back through years of data and see that even when KAR was sub $1.00 I had the same view on KAR, all on the basis of their enormous upside potential (potential was the key word!) - I never have tried to say it was money for jam, without risk, or a sure thing...

I also despise the overt spruiking of any stock on the mind-numbingly easy to manipulate sort of nameless/faceless forums that HC and (to a lessor degree) SS are, but I do not feel that I need to warn all the "newbies" (as you call them) about the perils of investing... investing in any market is inherently risky, and if some mug walks in and isstupid/gullible/inexperienced enough to get fleeced, then hopefully they learn the lesson real quick!

there are far greater evils out there in the big bad world, and I just wonder why you aren't warning us all about those problems too webspyda? Do you have a vested interest in trying to NOT warn us about these other scary problems?? Are you connected to the crooked boilers rooms in Asia? Are you part of the banking cartel that wants us to keep borrowing? Do you run a company that is trying to sell dangerous imported food stuffs from China?? Are you happy for us to cross the road without looking twice?? Do you not want us to "click clack front & back"???

Perhaps for the sake of clarity you could list your top ten global concerns, and then indicate where exactly on that scale your possibly unfounded and over played fears about KAR sit?













  Forum: By Share Code

marwoode
Posted on: Aug 20 2010, 08:48 PM


Group: Member
Posts: 239

webspyda - you are dribbling like a lunatic... I have previously read some of your rantings & ravings on HotCopper and I have never understood your motivation, and sadly even if you make a good point about certain aspects, I have to discount it on the basis of other 95% rubbish that you spout!!

I really don't care what your view is about the project, or Conoco because that is subjective at this stage... however when you imply that KAR (presumably you mean the KAR management) likes to ramp its stock I get VERY ANGRY because that is SOOOOO far from the truth mate!!

I have been a holder of KAR since July 2004, and I have been at a heap of KAR presentations and AGM's etc along the way - NEVER ONCE have the Karoon management ramped this stock, or the story. There was an instance at an AGM many years ago when Mr Hosking purposefully lent into the microphone to categorically state something unequivocally blunt like "oil & gas exploration is inherently risky" (or words to that effect) - my consistent experience was that the KAR management again and again stressed that only the drill bit would prove whether or not there was any gas or oil in their Browse assets, and that only after a large appraisal program could they definitely calculate the size of the prize.

I know that some shareholders along the way were frustrated that KAR management did not "bang their drum a little louder" to promote the sort of massive potential KAR had. All along the way the KAR management have been reserved in their promotion of their stock, and even in the light of hugely bullish independent research from brokers etc. Even today KAR are very quiet about the potential of the Browse which is incredibly disciplined given they might have a 10+ tcf gas field.

On top of that they have 100% of five big leases in one of the hottest O&G fields in the world (i.e. the Santos Basin - home to billions of barrels of recent oil discoveries) and they say very little about it.

By way of comparison, check out the sort of interviews that a few companies exploring OLD O&G fields in the southern USA states (who are generally chasing 50bpd or 2/5ths of 5/8ths gas fields) give to promote themselves.

Without doubt the KAR team look like 15th century monks taking a vow of silence compared to a lot of the snake oil salesmen that prowl the ASX boards!!!

So dear webspyda - feel free to cast doubt over the intentions of Conoco, feel free to cast doubt over the production potential, feel free to cast doubt over the credibility of KAR supporters on HC (or here if you see fit), but kind sir, I would suggest you pull your head in when it comes to casting doubt about the integrity of the KAR management, because YOU ARE COMPLETELY WRONG!!!

And just in case you are wondering, I am still long a lot of KAR, and foolishly I did not take enough profits at $12.00, but equally foolishly I took too much profit at $3.00 in early 2008 in fear that the worlds financial system was about to melt down.

And therein lies the real rub for a lot of KAR naysayers - the world's financial system did all but melt down, and yet the King Karooner's powered ahead on the back of sensational fundamentals!

Take your bat, ball and XXS sized protector and go home mate!!

Go King Karoon!!! king.gif

  Forum: By Share Code

marwoode
Posted on: Jul 22 2010, 11:01 PM


Group: Member
Posts: 239

rex72... a few more purchases, and Mr Klein is also having a nibble...

regarding the CQT/HSK struggle for NQM, is anyone else here watching the three way tussle? I found yesterday's price action fascinating - HSK went down, yet the NQM price appeared to be dragged higher by CQT moving up...

today that theory was again sort of reiterated with CQT down 3.12% to $0.31, NQM down 3.28% to $0.295 and HSK down 3.51% to $0.275.

HSK's bid values NQM at $0.33 while CQT's bid values NQM at $0.305... given NQM finished at $0.31, could it be that the market is subconsciously attributing a successful outcome for CQT to the current value of NQM?

given the major NQM shareholder has already voted with his feet in favour of the CQT bid, it seems bizarre that the NQM board is in favour of the HSK bid!

  Forum: By Share Code

marwoode
Posted on: Jul 22 2010, 05:56 PM


Group: Member
Posts: 239

$0.145 ohmy.gif

  Forum: By Share Code

marwoode
Posted on: Jul 6 2010, 11:44 PM


Group: Member
Posts: 239

smile.gif





  Forum: By Share Code

marwoode
Posted on: Jul 6 2010, 10:48 PM


Group: Member
Posts: 239

http://seekingalpha.com/article/212923-fiv...on?source=yahoo

it seems to me the hit on PRR is a fear-factor sell-off due to the smashing that DNDN has enjoyed recently... it's just a shame PRR never participated in the DNDN rally in the first place!

I will double up on my PRR position as this sell-off seems over done to me...



  Forum: By Share Code

marwoode
Posted on: Jun 28 2010, 05:24 PM


Group: Member
Posts: 239

hihi Wasa... you are spot on, PBT still have a credible "shot on the AD goal" as far as I'm concerned... and it the potential upside (diluted or not) is still huge!!!

this news today of a fund raising is brilliant - sure I'll get diluted, but if/when the Phase IIb result vindicates the PBT2 drug, I will be happy that this great drug did not fall through the cracks...

and the news that Quintiles took a stake is surely an indication of the chance that PBT has for success? Last time I Googled Quintiles, it didn't say they were a charity!! These guys are serious Biotech players, and given they know more about this business than me, I have to think that they rate PBT2 as a real good chance for success... http://www.quintiles.com/capital/

sadly PBT were unlucky to have released the good Phase IIa results just as the world was falling off the edge in early 2008... the rules changed back then whether we liked it or not, and for a tiny Aussie based biotech to have credible shot at AD is immense... I don't really think you appreciate the potential plastic, and I think your moaning is a wee bit overdone in the current environment...

fingers crossed Southern Cross can fill the till with cash, and I look forward to the 525 patient, 12 month trial....

  Forum: By Share Code

marwoode
Posted on: Jun 28 2010, 05:08 PM


Group: Member
Posts: 239

PNG political risk is nothing compared to the crazy Communists running Australia at the moment... the smiling red haired assassin may pretend she is going to compromise on the RSPT, but what even she gives back to the miners, she will have to take from somewhere else... maybe it will be a revamped carbon tax? maybe it will be a new financial transactions duty? maybe it will be some draconian residential property tax? or change in CGT free status for residential property? or maybe a boost in the GST?

I think until the Labor party is voted out - which sadly may not be this year if the silly electorate lets the red hair be pulled over their eyes - the small end of the Aussie mining sector will be moribund, so my spec investment dollars are flowing to safer sovereign risk countries like; PNG, Indonesia, Thailand, Zimbabwe (ok, that last one is a joke!) etc etc

RMI could easily attract big partner interest given the scale of their Wowo Gap project... and that could be the catalyst for a substantial move higher...
  Forum: By Share Code

marwoode
Posted on: May 21 2010, 01:03 AM


Group: Member
Posts: 239

Southern Cross Equities analyst Peter Chapman said... (these guys have been right on KAR for a long time!)

+++++++++++++++

Karoon Gas (KAR) Spec Buy, TP$9.75

Strong gas flow at Kronos-1

KAR today reported strong gas flows at the Kronos-1 well 26MMscf/d, an excellent result. This confirms Poseidon-Kronos as a gas discovery of very substantial proportions that has the ability to flow gas at commercial rates. A flow of 26MMscf/d under test indicates commercial flows under production conditions can be achievable.

Todays announcement was positive on a number of counts:

Strong flow with high pressure (maximum flow, during clean-up through a (small) 34/64 choke at a pressure of 3900psia);

Indications of large interval size; this test over 53m from 4999m to 5052m;

Gas/water contact 200m below where it occurs at Poseidon-1;

Reservoir fluids to be sampled.

Kronos is separate, but no need for concern. Pressure data has confirmed the Kronos area to be a separate gas accumulation to Poseidon. The full implication of this is not known at this stage but will become clearer over time. We see this as not being something to worry about in terms of size of the total field, that has a contingent P50 resource of 7TCF and an estimated range (P10-P90) of 3-15TCF.

Great achievement. This is an outstanding result for the joint venturers in this project; to get what appears to be the highest flow rate from a gas well drilled to such depth in Australia. It fully supports the decision already made to tender for another rig to continue with the Poseidon/Kronos appraisal program, with the next drilling planned at this stage for 2011.

Positive outcomes to supports our $9.75 target. We expect to see a number of further positive developments for the company over the coming weeks and months. Firstly the continuation of the Kronos-1 testing should deliver news on the composition of the gas, updated volume estimates and details of the ongoing appraisal program. Of great interest also will be developments in Brazil (farm out, seismic processing) and Peru.

Disclosure: Southern Cross Equities acted as co-participating broker in the placement of 22.3m shares at $6.70 per share in June 2009 for which it received a fee.

Recommendation: Spec Buy Price Target: $9.75 Previous Close: $8.12 Market cap: $1.44B Net Cash (end 3Q): A$152m

  Forum: By Share Code

marwoode
Posted on: May 3 2010, 10:18 PM


Group: Member
Posts: 239

I have been on RMI for a while, and luckily I got the majority of my holding out a few years ago before the you know what hit the fan in 2007/08... however, I have taken up the last two rights issues over and above my allocation and I have been busy squirreling away the RMIO's to increase my leverage on this unheralded PNG nickel play...

I think it still has a boot load of risk attached, but the size of the prize is compelling and a run to $0.06 is easily possible, and this would make a fair swag of easy money for those with a bit of risk appetite!

I still can't believe the low strike on the RMIO's and the long expiry - to me they are just mega cheap calls on the continuing China boom and an increased nickel price...

perhaps it is the new mining tax that could see renewed interest in PNG spec plays? Who knows?
  Forum: By Share Code

marwoode
Posted on: Apr 26 2010, 09:27 PM


Group: Member
Posts: 239

MDV received some very good press the other day...

http://www.theaustralian.com.au/business/w...6-1225854676953

and interestingly, the company released an announcement making some bullish corrections to this story a few days afterwards...

it certainly explains the jump in price and jump in volume over the last couple of days!
  Forum: By Share Code

marwoode
Posted on: Apr 20 2010, 03:46 PM


Group: Member
Posts: 239

the reason Prana is up here is because, Prana was up overnight nearly 80% on nearly 7.5 million PRAN ADR's volume on NASDAQ (which is equivalent to 75 million PBT shares here!)

the reason being touted in the press for the rise in the US overnight is as follows;

http://beforeitsnews.com/news/34500/FDA,_C...nce_Pharma.html

clearly the American's understand that Prana are one of the last remaining credible chances for an AD cure - and it is good to see there is some follow through in Australia validating the move!!

I also note Prana have released a very upbeat announcement to the ASX this afternoon... it will be interesting to see what the American's make of it...
  Forum: By Share Code

marwoode
Posted on: Mar 17 2010, 10:42 AM


Group: Member
Posts: 239

it is a very solid step in the right direction!!! smile.gif

it will at least stem the cash burn for the next three years, and provided the new management don't go on an empire building spending spree, the company should be okay to fund itself going forward... which makes a pleasant change form the last ten years of hand to mouth existence!!!

Lets just hope that this Thailand project is as successful as the Bermuda roll-out of EVR so that Mikoh can point to two successful working demonstrations of their product - runs on the board will be the best advertising for attracting new opportunities!

If the demonstrated increase in Bermuda's car registration and enforcement revenue can be replicated in Thailand, then you would expect that the rest of Asia will very swiftly click on to the opportunity that EVR presents... and who knows, maybe even the donkey Australian State & Federal government departments will connect the dots that an Australian company has a money making solution ready to roll out!

  Forum: By Share Code

marwoode
Posted on: Feb 26 2010, 01:45 PM


Group: Member
Posts: 239

well... now that I have been released from hospital after the shock of the DFS announcement nearly killed me, I have to say that the sell off in CQT was a wee bit harsh and I'm surprised it has not recovered a bit more already...

according to the CQT announcement dated 4th Feb 2010, CQT still own 100% of a known resource that has;

1.4 million ounces of gold (in-situ value at A$1200/oz of A$1.68 billion)
37 million ounces of silver (in-situ value at A$18/oz of A$0.666 billion)
71,200 tonnes of copper (in-situ value at A$7500/tonne of A$0.534 billion)

so in total CQT has a resource with an in-situ value of A$2.88 billion (less CAPEX/OPEX etc), plus they have about A$60 million in the bank... is it not reasonable to suggest that the current CQT market capitalisation of A$84 million is ridiculously light???

even if we just attribute the recently generated A$100m NPV for the resource (as per the recent shocking DFS), and add the A$60m cash, then surely the current market cap is also way off target...

we may not get instant appreciation to NPV & cash value (which is roughly A$0.45 per share), but surely there is a decent upside move to be had???
  Forum: By Share Code

marwoode
Posted on: Feb 26 2010, 01:22 PM


Group: Member
Posts: 239

WPL would be the natural Aussie owned predator for KAR... but if you want to think about predators, then think about the offshore players too... Shell not so many years ago wanted to buy all of WPL (thankfully Mr Costello did something useful and blocked that idea) but the Aussie Govt may not protect KAR...

then there is the natural threat from Conoco... lets face it, they know exactly what is going on with KAR and the Poseidon field and they were recently happy enough to spend about US$100m to pick up 9% more of WA-314p & WA-315p... extrapolate that and it suggests they would happily pay about A$500m for the remaining 40% of those leases (but I expect there is no way Hosking would sell them the other 40% on those sort of terms). The question is how much would they pay for the remaining 40% of WA-398p, the five blocks in Brazil, the two blocks in Peru, and the small block in the Timor Sea? I would have thought a A$2billion bid to buy all of KAR would be easily plausible. However, I wouldn't expect KAR mgmt to endorse it to shareholders, as the Brazil assets alone are probably worth at least US$2.5billion on their own~!!!

then there is the current Brazil farm in process to take into account... who knows what that process looks like, and what sort of asking price is attached to the farm in... but given the Santos Basin is the hottest ground in the O&G business at the moment, you would expect it will be at least US$100m per block to get 50% of the action... if I was a big cash rich O&G company, I'd say to myself, why spend US$0.5 billion to get a slice of the Brazil pie, when for a few extra dollars I can have the whole Brazil pie, a Peru pie, and a Aussie pie which comes ready made with a big juicy multi TCF gas discovery in the Browse Basin~!

King Karoon is mega cheap at these levels IMHO...

king.gif
  Forum: By Share Code

marwoode
Posted on: Feb 15 2010, 10:41 AM


Group: Member
Posts: 239

let's hope it has a BIG dollar number in it - by my reckoning we are about two years overdue the a big contract!!

I'm so excited though I don't know whether to dance wildly in the streets, or get busy placing a raft of sell orders! wink.gif
  Forum: By Share Code

marwoode
Posted on: Feb 1 2010, 08:15 PM


Group: Member
Posts: 239

hi gng... the way I see it there are a few factors weighing on Karoon;

1. fear of failure - which I think is a wee bit overdone given the report last week that stated "communication to the reservoir has been established", however that failed to generate much buying on Friday 29th Jan due to the other problems below;

2. global pressure - the US market is looking exceedingly weak due to the Obama threat to the banks over there - this in conjunction with all the problems in Greece, Portugal, Japan, China etc etc has led to a lot of global profit taking.

3. the big KAR holder Wellington Fund has been belting out a few KAR shares since December - their latest Form 604 reveals they sold 1.8m KAR between 18th Jan 2010 and 28th Jan 2010 - I guess the market fears they are still selling, and they may well be - who knows what sort of redemption pressures they have? However I would not be surprised if they are now back on the buy side due to the positive KAR announcement after the market closed on Jan 28th.

4. stop losses being triggered - I think it was pretty obvious that a lot of stops went off under $7.00 as the price accelerated down as KAR dipped below $7.00 - I personally know of a few guys with margin loans or CFD's positions that are having to sell stock, including KAR, to reduce their exposure.

5. self reinforcing fear of failure - a lot of holders seem to equate selling pressure with "insiders" dumping stock prior to bad news being announced... and of course as KAR comes under pressure from the previous 4 reasons, the #5 caboose gets some momentum too!

I like most of us, am concerned with the risks posed by a potential round two in the global financial crisis, but I think individual stocks with good fundamentals can survive (for example - KAR held up really well during round one of the GFC). If KAR can get a positive flow test result out of Poseidon2 in the next few days/weeks, then it will give some clarity as to the potential size of the greater Poseidon structure, and that should translate into a revaluation to the upside. Look back at the panic and carnage after the P-1 "plug & abandon" announcement - that was a complete over reaction and with hindsight was a great buying opportunity.

As it happens I did buy more KAR into that sell off, and I bought more KAR on the KT1 sell off, and I have been buying more on this current sell off! I haven't gone silly and have maintained a bit of financial management discipline, and if KAR dips more in the coming days I have an order to buy again.

To quote the famous Baron Rothschild saying; "Buy when there's blood in the streets, even if the blood is your own."

Sadly I do appear to have quite a bit of blood on my own shoes at the moment...

but, for better or worse I believe Karoon and Conoco have a tiger by the tail, so I am prepared to take a few nasty mark-to-market haircuts along the way... hopefully I will live to see better days, but there are no guarantees in the financial markets, and if we want to take big rewards, we must be prepared to take massive risks... Karoon is, and has been for some time now, a high risk speculative play, and only confirmed results that match or exceed the markets expectations will send this stock higher.

I for one have my fingers crossed!!



  Forum: By Share Code

marwoode
Posted on: Dec 20 2009, 09:01 PM


Group: Member
Posts: 239

yes atleast16... it is a bit odd... I wouldn't mind so much if it was 5% of net profit, but 5% of gross revenue seems a bit excessive - unless their technology is superb, then it will struggle to make much profit, and as you say it wouldn't be fair if they get paid a royalty stream if the company is losing money! I imagine if that occurs it won't take too long for a shareholder to lodge a formal complaint. If so and it were to be investigated by an appropriate body, then surely it will found to be a serious conflict of interest, and possibly even a criminal negligence of duty by directors to enrich themselves at the expense of shareholders. Surely the directors in question and the board realise that, so it would appear that they are mega-confident that the new technology will work and be extremely profitable. Either that or they are extremely greedy and not too smart!

  Forum: By Share Code

marwoode
Posted on: Dec 15 2009, 09:46 PM


Group: Member
Posts: 239

did anyone notice that CNX recently certified about 0.75 trillion cubic feet of gas on the basis of just 20% of their Bloodwood Creek lease?

did anyone notice that CNX recently announced that a multi-billion dollar, multi-national corporation that is listed on the FTSE100 (which is like the Premier League compared to the 4th Division ASX100) had selected CNX technology (after a two year worldwide due diligence on coal energy extraction processes) to unlock the value in a massive Chilean coal resource?

did anyone notice that a "proof of concept" 5MW power plant was recently commissioned and this effectively connects all the dots to suggest that CNX is poised to become a massive energy player in Australia?

I know I'm preaching to the converted here, but gee whiz, CNX has to be incredible long term buying at these levels?

can anyone here work out what average price per gigajoule other energy companies trade on? I'm tipping that it is a boot load higher than what CNX trades on... and therefore CNX are due for a fairly decent re-rating...

  Forum: By Share Code

marwoode
Posted on: Dec 15 2009, 07:22 PM


Group: Member
Posts: 239

well, after the enthusiasm of a few weeks ago, and the frivolity of gold at record highs, we now stand on the edge looking into the abyss... CQT which has been described as one of Australia's best emerging gold (and silver) producers recently, barely budged up as gold rallied to record highs, yet fell like a rock as soon as gold backed off.

And now our beloved mgmt & board appears that they have possibly led all the new investors up a dark and lonely path and then rodgered them all with a thoroughly underwhelming, nay, a non-existent DFS!!! This was after the company flagged that the release of the DFS was imminent at the AGM (refer Chairmans speech) in late November...

I am aghast at the recent litany of meaningless and poorly crafted announcements from the company... I wouldn't dare suggest they are a joke, as it is not in the least bit funny - there is some serious wealth destruction being wrought here either willingly or not...

I just hope that none of the recently solicited investors don't clear the wool from their eyes and push the sell button on CQT in the next few days/weeks/months...

I notice on HotCopper there is some serious discontent amongst the CQT troops, and I guess it is not without good reason.

does anyone here have any words of consolation for me???

  Forum: By Share Code

marwoode
Posted on: Dec 4 2009, 08:09 AM


Group: Member
Posts: 239

Thanks for the "market intelligence" from the front line of MDV products Rufous. It would be good to hear more from you in due course with regards to your thoughts on how the products perform compared to the other products you use.

I think the chain of stores that will be stocking this stuff is Priceline - refer to the 9th November 2009 ASX release.

With regards to MDV itself, I think the current management is very good and they will carve out a niche for their products. It won't be an overnight success story, but I can envisage consistent earnings and who knows, maybe even a dividend one day!
  Forum: By Share Code

marwoode
Posted on: Dec 3 2009, 09:10 PM


Group: Member
Posts: 239

hi Pilko3... it has bemused me that there has been no chat here on CQT since my last post - plenty has unfolded since then, yet no one seems to care. Which leads me to my next point...

the Aussie market clearly has a lack of belief in the gold run... it made a new high a few hours ago at US$1226, and is 25% higher than it was a mere few weeks ago, yet hardly any spec gold stocks are moving here, let alone companies like CQT that have a genuine asset which is marching towards production. It is bizarre, and I know that a lot of brokers are talking gold up, but clearly the punters aren't willing to part with their hard earned at this stage...

having said that, the foreign appreciation of gold is different... Indian, Chinese, Russian, and Mauritian central banks have all been buying physical gold, and on CQT we now know that a mega-large US fund (Capital Group) took 20 millions shares (A$12.4 million) in the recent capital raising. Further, Paulson has made a pretty big call publicly about gold, and is throwing a lot of money at it! These last two funds aren't run by muppets, so presumably it is the average Aussie investor that is wrong...

I certainly believe this run in gold is real, and it could go a lot higher before it has any serious correction - if it does unfold in this manner, the only question is at what price do Aussie investors start taking gold serious?

I think you are right about $1.00 Pilko3, but your timing may be a bit optimistic... however time will tell...

cheers... marwoode

  Forum: By Share Code

marwoode
Posted on: Dec 1 2009, 09:51 PM


Group: Member
Posts: 239

has anyone seen the research on PRR by Stuart Roberts at Southern Cross Equities dated 30th Oct 2009??

it has a 12 month target of $0.60 and I think he will be right... if anything it could go higher if the Phase IIb trial gets underway in early 2010 (no reason why it won't as they have the necessary cash), and then there is the chance of "orphan drug status" by early 2010 as well... however Stuart goes on to suggest the "optimistic case" valuation is $1.14.

I like it, and the best news is there are dirt cheap options on issue to get a little bit of extra leverage... sweet~!!!
  Forum: By Share Code

marwoode
Posted on: Nov 30 2009, 11:02 PM


Group: Member
Posts: 239

that AGM presentation looked very interesting indeed... I would have loved to hear management talking to those slides!

the only thing I don't get with this company is why the options are so expensive given they are Aug 2012 expiry with a $0.20 strike? Given their intrinsic value they seem a wee bit over priced for a bargain hunter like me!! I guess I'll just have to be happy with the fully paid MHM's...

  Forum: By Share Code

marwoode
Posted on: Nov 30 2009, 10:52 PM


Group: Member
Posts: 239

interesting to see that a few "snout in the trough" resolutions were withdrawn prior to the AGM... I for one voted against the re-election of, and options for, the previous board members (i.e. Halley, Keniry & Holcomb) as they have nothing to be rewarded for other than chutzpah for not resigning!
  Forum: By Share Code

marwoode
Posted on: Nov 30 2009, 10:43 PM


Group: Member
Posts: 239

Hi gxb... I also think the Chinese connection is interesting... expecially given that RMI have firmed up a multi billion dollar asset and PNG is a lot closer to China than Africa (where the Chinese are spending lots of $$$ to buy resources)...

I also think that having a few sneaky RMI's in the bottom drawer can't hurt...
  Forum: By Share Code

marwoode
Posted on: Nov 13 2009, 07:21 PM


Group: Member
Posts: 239

the driver for CNX in the last few days appears to be a renewal of the Julian Segal/Caltex interest in CNX talk...

having said that, I imagine the 5MW plant is getting closer to commissioning as well...

it seems to me that the stars are aligning for CNX - it is my #1 pick for 2010
  Forum: By Share Code

marwoode
Posted on: Nov 12 2009, 01:53 PM


Group: Member
Posts: 239

it was an upbeat AGM today... and it appears that KAR has a fair amount of news due out in the coming weeks/months, pertaining to Browse, Brasil & Peru...

I think the quote of the day was Bob Hosking talking about the pre-salt layer in their Brasilian blocks - he said that perhaps they had "a sleeping beauty that we haven't accounted for!"

nice~!!
  Forum: By Share Code

marwoode
Posted on: Nov 4 2009, 11:07 AM


Group: Member
Posts: 239

it is good...

I have seen the Snapsil products - they are pretty nifty and they could easily sell millions of units if they get traction in the states... which could bode very well for MIK printer sales!!
  Forum: By Share Code

marwoode
Posted on: Oct 14 2009, 08:47 PM


Group: Member
Posts: 239

OMG~!!!

check this out team... I think Xmas may come early for us this year!! lmaosmiley.gif

cheers... marwoode
+++++++++++++++++++++

http://www.morerfid.com/details.php?subdet...mp;display=RFID


[10/14/09]
MIKOH Corporation Limited reported on the progress being made by technology partner, Sirit Inc., in the Automatic Vehicle Identification ("AVI") markets of Latin America. Earlier this month, Sirit announced it has received approval to install its electronic toll collection system in the city of Buenos Aires , Argentina . This installation of 90 Sirit IDentity 5100 readers demonstrates the increasing use of Sirit's Radio Frequency Identification ("RFID") technology which is being increasingly adopted to improve legacy systems throughout South America . Sirit's growing list of installations in addition to this latest in Argentina , includes Columbia , Uruguay and [ Paraguay ].

Sirit's progress in the AVI arena augers well for MIKOH. In October 2008, Sirit and MIKOH entered a three year worldwide technology partnership, with two additional three year options, that licensed Sirit exclusively to promote and sell MIKOH's patented tamper-indication Smart&Secure technology worldwide in passive AVI systems where physically secure vehicle tags are required. In return, MIKOH is paid a sliding-scale royalty based on volume. Revenues from this arrangement have begun to flow to MIKOH this year with the incorporation of MIKOH's Smart&Secure into Sirit tag manufacturing lines at the end of 2008 for 2009 production.

By enabling seamless migration from current legacy systems, the Sirit passive RFID systems promote increased adoption of electronic tolling that lowers costs and improves revenue flow for governments implementing the new technology. The flow on effect in MIKOH's favour is the growing demand for RFID-enabled AVI tags as new users move away from cash payments and as legacy tags are replaced.

"MIKOH's Smart&Secure tamper-indication technology is perceived as a key benefit that will assist in the prevention of misuse and theft of RFID-enabled AVI tags" said Matt Blomfield, Managing Director of MIKOH. "Our technology is now entrenched in the Sirit RFID tag product offering and will be rolled out as AVI adoption escalates."

For Sirit, and by association MIKOH, timing of future revenue growth in AVI will depend on new and large customer orders which have been delayed due to continued weak global economic conditions. Sirit reported last month that progress has been achieved in places such as Brazil and Mexico and they are actively working at converting these opportunities into new revenue channels.

In addition to Sirit's business development focus in Latin America, MIKOH is directly pursuing AVI opportunities in South East Asia where a number of governments are considering the implementation of electronic vehicle registration for which tamper-evident tags will be a critical component.

About Sirit Inc.

Sirit Inc. is a leading provider of Radio Frequency Identification ("RFID") technology worldwide. Harnessing the power of Sirit's enabling-RFID technology, customers are able to more rapidly bring high quality RFID solutions to the market with reduced initial engineering costs. Sirit's products are built on more than 15 years of RF domain expertise addressing multiple frequencies (LF/HF/UHF), multiple protocols and are compliant with global standards. Automatic Vehicle identification ("AVI") related applications represent over 70% of the Company's total revenue with the remainder attributable to Radio Frequency Solutions ("RFS") related applications. For more information, visit www.sirit.com.

About MIKOH

MIKOH Corporation Limited is a leading provider of physical security and digital marking solutions and consulting services. The company works with customers to design and implement physical security solutions to track, seal and/or monitor valuable assets. Both RFID and non-RFID in nature, MIKOH solutions align proper business processes and labeling technologies to ensure assets are effectively managed with certainty.

MIKOH's Smart&Secure tamper-evident technology provides physical security certainty for RFID tags. Physical security for RFID is vital in applications where the compromise of sensitive assets results in commercial and/or revenue loss. These applications include government asset tracking, vehicle identification, pharmaceutical distribution and more. Smart&Secure is flexible, scalable and easily integrates into any RFID system.

MIKOH has offices in Melbourne and Sydney in Australia , and McLean , VA and New York , NY in the USA . For more information, visit the company's website at www.MIKOH.com
  Forum: By Share Code

marwoode
Posted on: Oct 13 2009, 09:00 PM


Group: Member
Posts: 239

and here is some local press CNX received recently... there is possibly a bit of new CNX news in this article with regards to a methanol plant...

as usual James McCullough has his finger on the pulse... I think he is one of Australia's best business journo's - he sniffs stories out rather than just rehashing press releases!

http://www.news.com.au/couriermail/story/0...22-3122,00.html

New kings ride UCG wave as coal seam gas sector booms

Courier Mail
James McCullough
October 11, 2009 11:00pm

A RELATIVELY new energy source to Queensland has caused scepticism within the resources sector but created a wave of new gas kings in a very short space of time.

A handful of Queensland entrepreneurs are cashing in on the runaway interest in underground coal gasification (UCG) on the heels of a boom in the coal seam gas sector...
  Forum: By Share Code

marwoode
Posted on: Oct 13 2009, 12:13 PM


Group: Member
Posts: 239

OMG~!!! lmaosmiley.gif

I just read on HotCopper that Southern Cross Equities are the lead broker on this placement... CQT have seriously hit the big time if they could get a first class, tier one operation like SCE to back them! The word on HC is that the placement is being pitched at $0.62 which is a fair discount to market... it is a shame they didn't manage to go for the cash when CQT was hovering close to $0.80 in mid September! Regardless, it is a fabulous result when you consider CQT were at $0.14 about six or seven months ago!!!

roll on production!!! cool.gif
  Forum: By Share Code

marwoode
Posted on: Oct 13 2009, 12:08 PM


Group: Member
Posts: 239

Capital Raising in progress... CQT will be off the boards for a few days while they collect the bids...

this is a very good thing as it clears another BIG hurdle... there aren't too many hurdles left before CQT turn this company from a explorer to a producer! And that my friends, is a feat that should be applauded!! If they can have first production by late 2010, then they will have turned a discovery into a mine in a lot less time than most gold mines take to get commercialised... I think 5 to 10 years is often the expected lead time, so JY and his boys are at least a year ahead - well done!

I would expect that CQT are now a step closer to getting a serious re-rating to reflect that they will be producing 100,000+ ounces of gold per annum by 2010/11. Check their last presentation (released Sep 22nd I think) and have a gander at the IRR numbers - this project is a ripper!!


  Forum: By Share Code

marwoode
Posted on: Oct 12 2009, 03:10 PM


Group: Member
Posts: 239

"Four candles.... handles for forks" hahahaha Classic!!!

and here it is in all its glory for those who don't know what we're on about...

http://www.youtube.com/watch?v=OCbvCRkl_4U

as for PRU, I never got excited by all the Lihir takeover talk when it first surfaced a few weeks ago... as far as I'm concerned you didn't need to be Einstein to realise that a company/board/management left reeling from a dud acquisition would not be rushing back in for more acquisitions!! I mean, do you see ames Packer queuing up to buy any more high priced Casino's at the moment?? hahaha (I shouldn't laugh, as taxpayers we'll be the ones left to bear the large void in the tax take that the Aussie government gets from the Packer empire!) I think there is more validity that a big gold company such as Newmont would be interested in PRU.

but more importantly, I see CQT had a very good announcement today about clearing some EPA hurdles. Management also confirmed they are on track to release the DFS in November 09, so clearly CQT are marching steadily towards production now. Again, you don't need to be Einstein to realise that CQT will be pumping out an awful amount of profit within 18 months, and the current share price in no reflects that reality. The donkey Aussie market will wake up to that fact at some stage, and then CQT will be the recipient of a rapid re-rating to the upside.

I firmly believe that the CQT share price will be north of $1.50 within 18 months - maybe even sooner! And as I alluded to earlier, there is a chance that the gold price could also have a serious move to the upside in the coming months as well - if it does, I will have to recalibrate my upside targets for CQT, as they are currently based on a spot gold price of only A$1000 ounce.



  Forum: By Share Code

marwoode
Posted on: Oct 11 2009, 06:18 PM


Group: Member
Posts: 239

here is a link to a good article from The Economist... I just love the phrase "ingot we trust" that they use... it is my new motto!!

http://www.economist.com/daily/news/displa...00&fsrc=nwl

I am very horny on gold, and PRU & CQT are my two favourite Aussie gold stocks. They are sadly both struggling at the moment when you consider the sort of free cash they will be throwing off in a few years, but I think they will both be re-rated once the market wakes up to the value they represent.

I think that Aussie investors haven't yet woken up to the scam that is happening with gold (and other commodities for that matter). I believe that the smart money in the world has worked out that the mega-inflationary policy of printing seemingly endless US Dollars has effectively devalued gold by a vast amount, and so they are busy exchanging worthless fiat currency for hard assets. This is what the Europeans did in the 1970's to teach Nixon about fiscal discipline, and I think the Chinese are very keen to teach Obama the same lesson.

I guess my theory contrasts to a USD gold price that is exciting punters by hitting new highs... however, in the scheme of things, I believe gold has a lot of lost ground to catch up, and I think this could drive the gold price a lot higher in the coming years.

when the penny drops and gold really starts moving higher, it is near-term producers that will benefit as they offer the best leverage to higher gold prices.

cheers... marwoode
  Forum: By Share Code

marwoode
Posted on: Oct 10 2009, 01:01 PM


Group: Member
Posts: 239

hi again BK... here is part two as promised... I have the September 2009 copy of a US magazine called "Equities" which has a big article on Rodman & Renshaw talking about how "recovering economic conditions could be a boon for the firm's energy & metals business"...

they ask R& R Senior Metals & Mining Analyst Alka Singh for her top mining picks and she lists her three standouts... Mirabela Nickel (TSX: MNB), Jaguar Mining (NYSE: JAG, TSX: JAG) and Perseus Mining (ASX: PRU)...

here is her spiel...

"This one is an Australian gold company. They will have to start construction on their Ayanfuri project in Ghana, and once that project is up and running, they'll produce around 250,000 ounces at under US$550 an ounce. It's very difficult to find gold companies with over 5 million ounces, and Perseus Mining is one of the few ones that are sitting on 7 million ounces in resources. They are in politically stable Ghana, so I just think that Perseus is actually also a takeover candidate. Newmont Mining Corp (NYSE: NEM), which is in Ghana, will have approximately 40% of its production coming from Ghana in 2-3 years from now. One of the senior gold producers such as Newmont Mining might want to add 7 million ounces to their resources and Perseus Mining could be a target for them. Our target price is AUD$2.75."

nice article and clearly Rodman & Renshaw are horribly bullish on PRU and gold in general (Jaguar is a gold miner as well)...

I am very horny on gold, and PRU & CQT are my two favourite Aussie gold stocks. They are both struggling when you consider the sort of free cash they will be throwing off in a few years, and it saddens me that Aussie investors haven't yet woken up to the scam that is happening with gold prices, especially the AUD gold price. I believe that the smart money in the world has worked out that the mega-inflationary policy of printing seemingly endless US Dollars has effectively devalued gold by a vast amount, and so they are busy exchanging worthless fiat currency for hard assets. This is what the Europeans did in the 1970's to teach Nixon about fiscal discipline, and I think the Chinese are very keen to teach Obama the same lesson. I guess my theory contrasts to a USD gold price that is exciting punters by hitting new highs... however, in the scheme of things, gold has a lot of lost ground to catch up, and I think this could drive the gold price a lot higher in the coming years.

here is a link to a good article from The Economist... I just love the phrase "ingot we trust" that they use... it is my new motto!!

http://www.economist.com/daily/news/displa...00&fsrc=nwl

cheers... marwoode



  Forum: By Share Code

marwoode
Posted on: Oct 10 2009, 12:23 PM


Group: Member
Posts: 239

Hi BK... I have been on PRU for a long time and I like it... here is something I posted on HotCopper on 18th September 2009 - I always meant to post here too, but I forgot... I have recently found something else which is very interesting and I will post it in due course... cheers... marwoode
++++++++++++++++


a chap I know just returned from the Rodman & Renshaw conference in New York... he very kindly brought me a copy of Rodman & Renshaw's Initiating Coverage Research Report on Perseus Mining... they rate PRU as a "Market Outperform/Aggressive Risk"

"Market Outperform" is their top "Return Assessment" ranking, and "Aggressive Risk" is their mid "Risk Assessment" ranking

here are a few key takeaways in easy to digest bites...

* "One of the largest undeveloped resources in West Africa"

* "Location - geologically one of the most productive in the world"

* "TSX listing should provide liquidity and increased interest"

* "PRU is trading at a 60% discount to NAV"

* "Initiating with a buy and AUD$2.75 price target"

uhhhh... what??? what did I just type??

"Initiating with a buy and AUD$2.75 price target"

BLIMEY!!!!

no wonder there has been a bit of buying interest lately!!

interestingly, and perhaps a good omen for me, whilst I was reading this report I spotted that there is a bloke in PRU management called Brad Marwood - I don't think he is a relation of mine, but if he is, he is a definitely a drug taker because he has dropped an e (boom boom!!)...

enough of my weak humour... lets just look at those numbers again...

AUD$2.75

  Forum: By Share Code

marwoode
Posted on: Oct 3 2009, 12:47 PM


Group: Member
Posts: 239

Awesome!!!

Southern Cross Equities are one of the best brokers in Australia in my opinion... and Stuart Roberts is an incredibly well respected Biotech/Healthcare analyst...

SCE were early backers of Fortescue Metals and Karoon Gas (to name just two of their success stories)...

I guess this research report essentially confirms what a lot of PBT shareholders think - that is, Prana have a very very good shot at becoming a mega-payer in the AD space... certainly a lot of the competitors are falling by the wayside, and thus far PBT2 has exhibited negligible risks, yet has demonstrated improved cognition in AD sufferers...

thank you for finding and sharing this roddombo... smile.gif



  Forum: By Share Code

marwoode
Posted on: Oct 1 2009, 12:00 AM


Group: Member
Posts: 239

http://www.catf.us/publications/view/101

this is a good report and CNX is on the front cover...

NICE!
  Forum: By Share Code

marwoode
Posted on: Sep 29 2009, 12:16 PM


Group: Member
Posts: 239

moosey... you may recall that Frost & Sulliavan gave Mikoh's EVR concept a good plug a couple of years ago... http://www.mikoh.com/11132007.php

sadly thus far it hasn't resulted in much revenue, so we must all sit & wait patiently...

I liked your previous story about the printing side of things. I feel that Hans van Pelt may ultimately be the saviour for Mikoh as his efforts seem to be more tangible. The Australian Airport airside EVR project (announced 9 Dec 08) was definitely one of his projects carried forward from his Global Integrity venture, and I imagine as time goes by, that project will prove itself and be used as a showcase for other airports locally, and maybe offshore as well.
  Forum: By Share Code

marwoode
Posted on: Sep 28 2009, 11:55 AM


Group: Member
Posts: 239

ok, now that the formal declaration is out, we all know that KT-1 is no good. It is a shame, but life goes on...

I'm still of the opinion that the sell-off is overdone - there is no way this much pre-drill hype had been built into the KAR share price - so I will continue to buy on dips...
  Forum: By Share Code

marwoode
Posted on: Sep 24 2009, 07:36 PM


Group: Member
Posts: 239

the drilling update was inconclusive - the technical hiccups with the logging data is obviously not the sort of news anyone long KAR wanted to hear, but there is more work to be done before Conoco & Karoon can categorically state that Kontiki-1 is a "duster" or a "success". As such it amuses me that so many newfound experts in the oil & gas game can issue such unfounded pronouncements!

interestingly I heard rumours today that Credit Suisse pronounced this well as a "duster"... I just wonder what sort of insight they have that is not available to the public... my tip is NONE whatsoever! Anyone with a decent memory will remember CS were also very bearish on Poseidon-1 before all the results were fully known...

more downside is probable, but this is already way overdone on the downside - fear is stalking the street!

I just ask who really believed that KAR had $4.00 of pre-drill hype built in for Kontiki-1??? This is BS, but I am grateful to those who sold as I managed to get some stock back at levels I didn't think I'd see again - especially before a FORMAL announcement from Karoon declaring that Kontiki-1 was a failure... and as I said above, there is more work to be done before Karoon can make any FORMAL declaration with reagrds to Kontiki-1.

cheers lads... marwoode
p.s. does anyone know who which broker is a corporate advisor to Woodside?

  Forum: By Share Code

marwoode
Posted on: Aug 31 2009, 11:00 PM


Group: Member
Posts: 239

maybe it isn't GE we need to be worried about?? Check this out...

Caltex said it would focus on expanding its supply capabilities in key mining areas such as western Australia and Queensland states -- the high growth markets -- as part of its organic growth plans. It is also eyeing further acquisition opportunities as Australia's refining sector consolidates, and may consider investing in renewable energy, such as in bio-fuels or underground coal gasification, ahead of Australia's proposed carbon trading scheme.


http://www.reuters.com/article/rbssEnergyN...D46734020090828

and why wouldn't Caltex be interested? Did anyone take the time to look at the presentation released on 28 Aug 09... I think my favourite bit was on page 9 of 15... "668Mt of JORC compliant coal resource (13,360 PJ of in-situ energy, of which at least 7,750 PJ is recoverable)"

7,750 P is basically 7.75 trillion cubic feet of gas~!!!!

CNX could be bigger than Ben Hur...
  Forum: By Share Code

marwoode
Posted on: Aug 28 2009, 06:13 PM


Group: Member
Posts: 239

hi BlueIce... can I enquire what you meant in your last post when you said;

"if they team up with GE it should be even better"

have I missed;

a/ reading some publicly available information (I thought I had read it all, and most of the broker research reports on CNX too), or,

b/ have I missed out on a rumour, or,

c/ have I missed out on a topic of conversation where someone has suggested a GE connection?

I would be very interested to hear what the basis of your GE comment is... I know GE does a lot in clean coal in the states and gas turbines worldwide, so a link with CNX would be understandable...

cheers... marwoode
  Forum: By Share Code

marwoode
Posted on: Aug 10 2009, 01:24 PM


Group: Member
Posts: 239

so as not to be discriminatory, here is a rant I have posted elsewhere... it is a long missive on where I think (in my humble opinion) where things stand with CQT as at today, and in light of their recent quarterly... dissenting views are welcome of course, and for the record I am long CQT, and have been a holder (and buyer) since late 2007.
smile.gif


after re-reading the last CQT quarterly I have given the possible departure of GoldFields from the JV some thought and four conclusions spring to mind...

1. they hate it - after spending a fair swag of cash (perhaps upwards of $10m) GFA have decided that the regional area is no good, the exclusion zone is no good, and that they don't want to have anything further to do with the project - weighting 5%

2. they love it, but can't complete their JV requirements, so they are pulling out to try and scare CQT (and CQT shareholders) so that they can then renegotiate a better JV deal - weighting 30%

3. they love it, and now want to buy the lot, so they would rather spend money on a takeover than spend it on further drilling (let's face it, the longer they stay the course in the JV, the more obvious it should be to us and the rest of the market that the SH asset is a farkin ripper!) - weighting 40%

4. they may love it or hate it, but regardless, they are in breach (or obviously heading for breach) of their JV obligations, and our man JT has rung them up and said, "pull your finger out bokkies, or bugga off!" - weighting 25%

Now some of you will think I have rocks in my head regarding the 4th scenario above, but there is precedent for such an audacious move by the MD of a piddly Aussie company to eject a big international player out of a JV;

some of you may have heard of a company called Karoon Gas, they had a similar event in 2005. I was a shareholder back then and I was pretty happy in early 2005 when KAR announced they had a JV with British Gas. BG was a great partner at the time and it seemed KAR would be on their way... then it all went pear shaped when on 17th Oct 2005 when KAR announced that "Karoon has received a withdrawal notice from BG International" - I was shocked & stunned, and feared the worst - KAR shares got belted about 40% in a matter of days (from memory), however within a few weeks the market worked out that BG withdrawing was a good thing and it recovered. Eventually it emerged that KAR MD Bob Hosking had effectively ejected British Gas because they had breached their JV commitments and had tried to "renegotiate" the terms of the JV to better suit themselves! BG must be spewing now - KAR appear to be sitting on more gas than QGC, and BG could have had 60% of it for a fraction of the money they paid for QGC!! hahaha - but I digress, and to a certain degree I am indulging in a wee bit of gloatation!! wink.gif

JOINT VENTURE

So, in essence I think it is highly unlikely that GFA would walk as per the 1st scenario above - I think they are withdrawing, regrouping, and we can perhaps expect a Spring/Summer offensive... if this happens, I imagine we can expect a pathetic opening bid. GFA will know that to get a bargain, they will need to move before CQT releases the BFS and I think that is due Q4 2009? If for whatever reason GFA do walk, I expect CQT will be the recipient of millions of dollars in exploration data (KAR picked up millions worth or exoploration data from BG) and that is a good thing.

CQT SHARE OVERHANG

Obviously with GFA, the JV is just one aspect, they still own about 20% of CQT shares, and there is a natural concern about that sort of "overhang" in the market... however, I am not worried because, similar to the problem the Chinese have with their "overhang" of US Treasuries, the reality is that if GFA sell on market they will start an avalanche on themselves and lose even more money. This is because as soon as anyone gets a sniff of them selling, there will be a mass panic. I think the only way out for GFA (if in fact they want out of their CQT shares - which I doubt) is a trade sale or asset swap. This is similar to what they did on Sino... my understanding is GoldFields "sold" their Sino holding to Eldorado in exchange for shares in Eldorado - so although GoldFields are out of Sino on face value, they still retain a significant, albeit indirect interest. Ultimately GFA will know precisely what CQT has, what it should be worth, and they won't be a seller at anything much under their valuation. Their 20% stake is currently worth about $25m, and I doubt they are that hard up for cash that they will be in a hurry to sell.

WHEN - NOT IF

Regardless what happens with the JV and GFA's stake in CQT , there will be life after GFA for us. I still firmly believe that GFA's presence in CQT for so many years, and their expenditure of millions of dollars indicates that CQT have a quality asset. This is reason enough for me to stay long, because as sure as night follows day, the quality of the asset will become appreciated, the asset will be mined, and the rewards will flow... IMHO, is a just a matter of when, not if!

CQT MANAGEMENT

As for the moaning and groaning about the general lack of communication from CQT management, I read this sort of complain about most stocks and all I can say is get over it lads, it isn't as bad as you make out! As it happens I have another analogy to explain;

years ago I met with Richard Cottee, who at the time was the MD of a struggling coal seam gas company called QGC. His stock was languishing around $0.20 and when he was asked why the market, brokers and analysts didn't like his stock he replied something along the lines of... "because they are stupid - the board and I have laid out a plan for the company and I am paid to execute that plan. If the market doesn't get it, I'm not paid to hold their hands and explain it to them. I will get on and do my job, and one day the market will understand."

For us to expect constant updates is unrealistic - CQT have a big project on the go, and they appear to be getting on with the job, rather than talking about it and producing glossy hand-outs!

I also hear the constant demands for a "Roadshow" - why do we need one? CQT have enough cash in the bank, and traditionally companies only present either when they want money or when they are on the verge of a change in status (i.e. from explorer to producer) - I for one would not be interested in CQT raising money at these levels. There will be plenty of time to raise some cash when the share price is nudging $1.50.

PRUDENT OR LUCKY?

Of course I would also have liked things to happen sooner, but the reality is that 2008 was a very scary year, and either through good luck or good management, I think it was prudent that JT slowed things down and reduced the cash burn last year. The reality is all non-producing gold and commodity stocks got belted around 80% from their highs last year and CQT were no different. At least we weren't put over a barrel because of some optimistic contract, obligation or debt like so many other companies were last year.

CONCLUSION

I am long CQT, I am staying long and I will look to buy more on dips regardless of whatever happens to GFA. My dogmatic belief in the value of KAR came through eventually, and I would expect CQT will be 50% to 100% higher by June 30th 2010 as the market finally starts to understand that production is drawing ever closer.
  Forum: By Share Code

marwoode
Posted on: Aug 9 2009, 03:42 PM


Group: Member
Posts: 239

another poster on another forum called "marwoode" - he sounds like a top bloke!! wink.gif
  Forum: By Share Code

marwoode
Posted on: Jul 24 2009, 11:14 PM


Group: Member
Posts: 239

The latest research was from Credit Suisse - the target was around $17 based on success at Kontiki-1, however Kontiki-1 will take around 90-120 days to drill & test, and it may turn out to be a duster... however what interested me was how CS currently value Karoon...

CS basically said they are valuing Poseidon at $7.93 per share on the basis it is a 7tcf gas find... in effect this means they are valuing Karoon's 40% share of a resource worth about $21billion today at only $1.4billion - obviously there are development costs etc, and CS have applied a discount etc, but I think this shows the potential for long term upside as COP/KAR firm up this field through appraisal drilling, then begin monetising the resource through sales contracts (a strategy Bob Hosking hinted at in his recent ABC interview - link below), and then ultimate production. Now obviously the time line for the three events above is quite lengthy, but given I have held KAR since 2004, I for one am prepared to wait.

All of that aside, I think the real point of interest with the CS report is the assumption that Poseidon is ONLY a 7tcf gas find... for starters there should be condensate and other liquids in this field - Bob Hosking referred to it as being "possibly heavy, in other words oil content" (refer recent ABC interview - link below). Surely a liquid component of say 100million boe has some dollar value? However, what interests me is a bit of good old fashioned reading between the lines, you may recall that KAR always said their pre-drill estimate was as high as 15tcf (P10) - now go and read Karoon's June 2009 update (released 18 June 2009) - they state "Karoon's analysis of seismic and well results to date indicate the Contingent Resource discovered in this well is likely to be consistent with or exceed Karoon's pre-drill prospective resource range." I'm not too bright, but that suggests to me that the find is possibly greater than the P50 7tcf estimate, and maybe even bigger than the P10 15tcf estimate!!! Split the difference and it is 11tcf - that is 63% more than the 7tcf CS have used in their valuation - if 11tcf is real and we accept the way CS discount, then the $7.93 per share becomes $12.92 - just for Poseidon!!!

Years ago when I was telling friends about KAR (those who didn't listen at $0.40 are now on suicide watch!!) I always said "if Karoon have decent drilling success in the Browse, then the longer you hold them, the better it will be" and I stand by those words today... this thing has only just started~!!!

The other thing I used to say was...

GO KING KAROON~!!! king.gif


http://www.abc.net.au/insidebusiness/conte...09/s2623375.htm
  Forum: By Share Code

marwoode
Posted on: Jul 2 2009, 11:18 AM


Group: Member
Posts: 239

this is an interesting headline...

"AN LNG plant in the Kimberley to process gas from Woodside's Browse fields appears increasingly unlikely with the cost blowing out to $50 billion."

I wonder if Karoon & Conoco have considered making a bid for Woodside's Browse "stranded" gas???

I can just see that headline.... "Son of Woodside set to wear the Daddy pants!"

The value of KAR/COP's subsea pipeline to Darwin option is completely misunderstood by the market - and therefore dramatically undervalued!!
  Forum: By Share Code

marwoode
Posted on: Jun 25 2009, 02:55 PM


Group: Member
Posts: 239

the immediate upside target is $9.00 to $9.50 which is the range of targets by BA Merrill Lynch, Credit Suisse & Southern Cross Equities...

but my personal near term target is $10.40...

my only dilemma is do I take up my SPP or not??
  Forum: By Share Code

marwoode
Posted on: Jun 19 2009, 12:09 AM


Group: Member
Posts: 239

plastic... like an unloved hotted up car, I wonder if PBT has any intrinsic value whatsoever... at least an old Torana with a big motor can be sold and stripped for parts!

it is just tragic that the PBT rocket-scientists managed to get a great Phase2a result in Feb 08, but couldn't ink a deal before the wheels fell off the market in late 2008...

or are we all being led up the garden path? Is PBT2 really as good as the company would have us believe?

surely if it was so good, a big pharma would throw 2008/09 financial caution to the wind in the hope/expectation of raking in truckloads of 2011/12+ sales from an AD blockbuster?

does anyone have a couple of hundred million dollars they can spare for a go-it-alone Phase3 trial???
  Forum: By Share Code

marwoode
Posted on: Mar 19 2009, 10:30 PM


Group: Member
Posts: 239

interesting action on CQT today s8 - I have watched the trading carefully and there appeared to be two different buying strategies in play over the last week (although the pattern changed a bit today)... I wonder if there is another buyer out there as well as JJ Hldgs?

it will be interesting to find out what brokers were doing the buying over the last week once the info comes available - I'll be trying to get that data tomorrow from my broker... I'll keep you posted... (I know that it was ComSec who did the bulk of the selling when CQT got trashed down to $0.14 last week).

good call on the move to $0.40 btw - are you acting for JJ Hldgs? wink.gif
  Forum: By Share Code

marwoode
Posted on: Dec 24 2008, 04:32 PM


Group: Member
Posts: 239

In reply to: veeone on Wednesday 24/12/08 09:14am

Sale of Argyle... nice one... I think? (who knows what fair value is anymore!!)

All we need now is a new bull market in Nickel... mmmmm... it would appear I have another "long term investment" bound for my bottom drawer!!

isn't the cycle of life funny... the subprime mess that started the Armageddon in financial markets started with NINJA (no income, no job, assets) loans, and now as a result of the Armageddon I am rapidly approaching NINJA status!!

God Bless America and her worthless currency...
  Forum: By Share Code

marwoode
Posted on: Dec 24 2008, 04:20 PM


Group: Member
Posts: 239

Wasa... it looks like 2008 may not be the year... fingers crossed for 2009~!! It would be nice to get some sort of "update" from the company...
  Forum: By Share Code

marwoode
Posted on: Dec 24 2008, 04:17 PM


Group: Member
Posts: 239

another Digital Printer sale announced today (Dec 24th 2008)... they seem to be getting a bit of momentum with printer sales...
  Forum: By Share Code

marwoode
Posted on: Dec 11 2008, 08:49 PM


Group: Member
Posts: 239

any thoughts on this one now Moosey? or anyone?

it has been a tough few months...

is it ignorance or apathy?

I don't know, and I don't care

  Forum: By Share Code

marwoode
Posted on: Jul 17 2007, 08:37 PM


Group: Member
Posts: 239

well that is terrible news about Mr Hutton... very sad indeed...

as for the potential for t/o - there are rumours that it will be $0.80 from Gem Diamonds in London... if it does eventuate, I hope the shareholders reject it as $0.80 is theft - but I also think the cash-strapped nature of KIM may see big holders happy to unload...

I wouldn't be surprised if the muscle flexing to decimate the share price in the last week or two was related to the pending t/o...



  Forum: By Share Code

marwoode
Posted on: Jul 17 2007, 07:33 PM


Group: Member
Posts: 239

KSX still holding up... it's stronger than a young blokes you-know-what on his wedding night!!

plenty of volume in the last few days too... the only question is it accumulation or distribution???

I guess if the wedding night analogy holds true... then it is all downhill from here~!!! hahaha biggrin.gif

all will be revealed in due course...

  Forum: By Share Code

marwoode
Posted on: Jul 17 2007, 12:08 PM


Group: Member
Posts: 239

In reply to: balance on Tuesday 17/07/07 11:42am

indeed... how does a man take a porking like a man... I think the two emoticons available that best sums up how I took it was... weirdsmiley.gif grrr.gif

but back to reality... I saw this post on HC a few minutes ago...

"The founder of Kim Dia passed ,graham Hutton, info is a possible t/o on the way"

I'm not sure what "passed" means - whether it was natural causes or otherwise - but if true, it is very sad for his family & friends...

as for the "possible t/o on the way" - it has been talked about for some time, but it would be sad to see KIM get taken over in this manner... the true value of KIM is surely considerably north of the $0.50 mark.

It appears to me that the recent weeks price slam has been the mark of good old fashioned ruthless corporate activity going on, and the net result will be the KIM asset gets lifted at a substantial discount to the real value - however, in the absence of a counter bid, it will probably get over the line at whatever discounted price they pitch...

thieving pr**ks - but then again it is a big bad world out there...

  Forum: By Share Code

marwoode
Posted on: Jul 17 2007, 10:39 AM


Group: Member
Posts: 239

In reply to: balance on Tuesday 17/07/07 10:04am

KIM had a raising at $0.70 a few months ago (late Apr - early May) - if they do another raising now, they'd want to be offering some free options or something to compensate the 60 day "porking" the last lot of investors took~!!

I can't believe the way this stock has moved... a few months ago the takeover rumours were rife... then last week I started hearing rumours of insolvency etc... I elected to take my "porking" like a man and have moved on! (albeit with a bit of a limp~!! blink.gif )

I hope for other punters it turns around, but I can't see the last few months of decline being undone in a hurry...
  Forum: By Share Code

marwoode
Posted on: Jul 16 2007, 10:57 AM


Group: Member
Posts: 239

In reply to: bhookey on Monday 16/07/07 10:14am

nice to see double figures... check the base on your 2-3 year daily chart - this baby has plenty more upside yet...

go go wo wo
  Forum: By Share Code

marwoode
Posted on: Jul 13 2007, 11:23 PM


Group: Member
Posts: 239

In reply to: haspete on Friday 13/07/07 09:18pm

I've been trying to be good humoured about the demise of KIM... but today was a bit too much... it is starting to give me brain damage!

it seems there is way more going on behind the scenes than donkey investors (like me) are being told - this is not just the result of a couple of downgrades - there is real blood in the water here... I sincerely fear for the fate of KIM...

and isn't it nice to see the ASX maintaining an orderly market - if a spec company goes up a few cents they fire off a letter to ensure no one is making money illegally (a waste of time of course - but at least it looks like they care) - but here we have ordinary punters getting reamed day after day and not a frikkin peep... there are clearly enough punters who know exactly what is happening behind closed doors and they're shovelling as many KIM's out as possible before the inevitable bad news is made public...

is it any wonder Australia is often voted as being corrupt in international surveys (more so than our peers anyway!). I guess it stems from the top - the Howard govt is the biggest pack of self-serving crooks I have ever seen (the Kennett govt looks like amateurs in comparison). If there were enough votes from KIM shareholders to be of importance to Howard, then tomorrows headlines would probably read "KIM's Overboard!" (that last bit may be too esoteric for some?) and our wee man of steel would jump into action and save us!

+++++++++++++

oh well, now I have vented my spleen, at least I feel a bit better... so now it's off to bed to dream about the day before I invested in KIM - I had such a happy life back then~!!
  Forum: By Share Code

marwoode
Posted on: Jul 13 2007, 12:53 PM


Group: Member
Posts: 239

In reply to: ozybuddy on Friday 13/07/07 11:50am

from takeover rumours to insolvency rumours in a few weeks... that must be some sort of record???

If it turns out like that, I was sent the wrong way with a super David Campese style fake and goosestep move that has left me looking stupdi~!!

despite the lost $$$ I have at least managed to gain a new euphemism... a few hours ago I came out of the toilet and said to my wife "Gee - I had a big Kimberley!"

and like the real KIM's it stunk a bit too~!! puke.gif

  Forum: By Share Code

marwoode
Posted on: Jul 13 2007, 12:43 PM


Group: Member
Posts: 239

In reply to: Marsupial on Friday 13/07/07 12:24pm

I agree... I think it would be PRUdent to get some more~!! Or perhaps even PRUOdent as well~!!! wink.gif
  Forum: By Share Code

marwoode
Posted on: Jul 13 2007, 08:36 AM


Group: Member
Posts: 239

I awoke to find some MIK news in my inbox... smile.gif

MIKOH Named 2007 International Business Awardsâ„¢ Finalist
Smart&Secure Selected as a Stevie® Finalist for Best New Product

WASHINGTON--(BUSINESS WIRE)--MIKOH Corporation (ASX:MIK), a leading company focused on ensuring the physical security of RFID tags, received honors for its Smart&Secure tamper-evident RFID technology as a finalist for the fourth annual International Business Awards under the Best New Product category. Nicknamed the Stevie Awards and hailed as “the business world’s own Oscars” (New York Post, April 27, 2005), the International Business Awards are the only international, all-encompassing awards program honoring great performances in business.

[click link for more]

http://home.businesswire.com/portal/site/g...655&newsLang=en

and this...

MIKOH Listed on Australian Defence Department Showcase Website

The Australian Defence Department has accepted MIKOH for inclusion on its Australian Team Website. This places MIKOH in a showcase of the top 83 defense companies recognized as strategic partners of the Australian government. MIKOH product descriptions are now available online for the global defense community.

[click links for more]

http://www.defence.gov.au/teamaustralia/Mi...oration_Ltd.htm

http://www.defence.gov.au/teamaustralia/se...hesive_seal.htm

++++++++++++

it's gotta be good for us all~!!
  Forum: By Share Code

marwoode
Posted on: Jul 13 2007, 02:22 AM


Group: Member
Posts: 239

In reply to: wasabibarako on Friday 13/07/07 02:04am

thanks wasa... it wouldn't surprise me as PBT have some pretty funky drugs that have been getting some promising results~!

if a takeover occurs I'll make money, but I'll be happier at the thought of AD sufferers having some relief in the future from PBT2 etc... hypocrite.gif

as an aside... have you seen KSX? They are sort of a stable mate to PBT as they have a few common directors etc, but they are working on Asthma instead...

  Forum: By Share Code

marwoode
Posted on: Jul 13 2007, 01:42 AM


Group: Member
Posts: 239

In reply to: wasabibarako on Friday 13/07/07 01:31am

what chat wasa??

can you copy & paste it in for lazy people like me?? tongue.gif
  Forum: By Share Code

marwoode
Posted on: Jul 13 2007, 12:59 AM


Group: Member
Posts: 239

In reply to: wolverine on Thursday 12/07/07 10:59pm

yip... I'm watching that long term uptrend with interest... but I won't be holding my breath for the bounce... I fear that not even with the Dow at record highs will KIM pull out of this dive antime soon...

having said that, there is a bit of volume done in the last couple of days - some punters like it down here... I grabbed a few more yesterday (wished I'd waited another 24 hours though!)

I'll probably have another nibble if it gets lower... I'm not tipping in the family fortune here, and I'm not trading on margin so I'm happy to punt a bit more...

gotta break eggs to make omelettes~!!
  Forum: By Share Code

marwoode
Posted on: Jul 12 2007, 10:28 PM


Group: Member
Posts: 239

In reply to: wolverine on Thursday 12/07/07 09:47pm

it is hard to argue with you Wolverine - it ain't down here by accident... what can I say except for - "I'm long and wrong!"
  Forum: By Share Code

marwoode
Posted on: Jul 12 2007, 10:03 PM


Group: Member
Posts: 239

In reply to: jaolsa on Wednesday 27/06/07 10:19am

hi jaolsa... the trick of fobbing off dodgy investments to pension funds is not new in America... one classic example is the 1994 "Tequila Crisis" - there is a good book about that crisis called "FIASCO" (which stands for Fixed Income Annual Sporting Clays Outing) which is worth a read to help get your head around the sort of crazy derivative products that are out there... here is a link to it...
http://books.global-investor.com/books/100...000&identifier=

It seems to me that Mums & Dads of the world are the ones who pay the bill at the end of the day... when did Aussie Banks start charging fees with gay abandon? After they had lost money in the late 80's commercial property wipe-out (the one that nearly toppled Westpac).

Recessions & depressions are generally about working through debt hangovers from preceding booms... what scares me is the amount of debt out there now - it is a great party whilst the music is playing, but the next morning (when it comes) will be a nasty hangover~!!
  Forum: Off Topic Chat

marwoode
Posted on: Jul 12 2007, 02:19 PM


Group: Member
Posts: 239

RMI still looks very well bid... the dip may not last long~!!

get 'em while they are hot...
Attached image(s)
Attached Image

 
  Forum: By Share Code

marwoode
Posted on: Jul 12 2007, 02:06 PM


Group: Member
Posts: 239

QUOTE (wolverine @ Thursday 12/07/07 01:51pm)

sadly it is hard to argue with that logic... but what is annoying me is the same logic isn't applied to all the crazy U stocks that are years away from doing anything remotely close to production...

at least KIM are out there digging stuff up and shipping it somewhere - granted they are doing it for the slimmest of margins, but all they need is a few big chunks to come out in one piece and there is instant revenue boosting action...

and of course the moaning about the high A$ is relevant... and yes the diamond price has been pretty flat...

but harking back to the mention of Uranium... remember when that stuff used to sell for $10 a pound? Diamonds are like any other commodity and prices can swing quite wildly... part of the reason I'm in KIM is because I think the diamond price has to increase in USD terms just to compensate for the falling USD (similar to why Gold has rallied in recent years)...

as usual, the over/under valuation lunacy of the Aussie market is in full swing... KIM is reaching into the under valued stage now, and it won't take much to turn the sentiment around...

I don't know many people who got rich following advice from the mainstream broking shops (I still remember when they were bullish on AMP at $20 back in 2001... yeah good call dudes!!)

anyway... I'm not in too deep, and I'm not stressing too much... if bankruptcy is near I might pick up some discounted diamonds for the safe...

in the meantime... I can't help but think of the famous line from the Captain of the Titanic... "I know I ordered ice with my Scotch... but this is farkin ridiculous!" wink.gif
Attached image(s)
Attached Image

 
  Forum: By Share Code

marwoode
Posted on: Jul 12 2007, 11:44 AM


Group: Member
Posts: 239

In reply to: moosey on Thursday 12/07/07 10:58am

hihi Moosey... up 40% in a few weeks is pretty good...

if the RBA rumour is true (as per watchmaker below) it could be a lot higher pretty swiftly...

I'm still more interested in the RFID side of things... but I'll be happy if they get some money in via the printing division~!! ALL REVENUE WELCOME~!!! biggrin.gif

cheers...
  Forum: By Share Code

marwoode
Posted on: Jul 12 2007, 10:44 AM


Group: Member
Posts: 239

In reply to: ozybuddy on Thursday 12/07/07 10:38am

hey I'm there with you Ozybuddy... that whoosing noise you can here behind me is my life-savings going out the door~!! grrr.gif

sadly I missed the last lifeboat out of KIM, so I've just asked the band to strike up a nice tune and I'll sip my Martini on the deckchair as the beast slowly slips below the waves...

if we're going out, we might as well go out in style~!! cool.gif


  Forum: By Share Code

marwoode
Posted on: Jul 12 2007, 10:40 AM


Group: Member
Posts: 239

speeding ticket from the ASX...

they could have spiced it up a bit by saying there was an unsolicited takeover offer from BHP @ $1.50 a share~!!! lmaosmiley.gif

oh well... back to work...
  Forum: By Share Code

marwoode
Posted on: Jul 12 2007, 06:48 AM


Group: Member
Posts: 239

In reply to: macrae on Thursday 12/07/07 01:45am

I hear what you are saying macrae...

my original capital & a few extra $$$ are out as of yesterday... free ride on the balance...

the scary thing is KarmaSutra could run a bit further... but I'll be shovelling a few out each day just in case the dream meets reality as is usually the case in stories like this!

it's been a pretty impressive run so far though... what has surprised me is there hasn't been any sign of weakness yet...

the discount on the options is still a real tease though... if you are quick on your feet there is money to be made...



  Forum: By Share Code

marwoode
Posted on: Jul 11 2007, 09:12 PM


Group: Member
Posts: 239

In reply to: Vilmac on Wednesday 11/07/07 07:49pm

hihi Vilmac and Zac12

(initial disclaimer: I may be insulting your intelligence by likening it to mine - i.e. you're both probably smarter than me)

I didn't steal your plans so I can only say that great minds think alike~!! biggrin.gif

I have always thought AGS would retrace towards $1.50 (refer my posts below on 9th May & 8th June where I called for the move down) and I always intended to grab more down here...

some unlucky punters really loved AGS up at $2.80, so they must be really loving it down here? It was overvalued up there, and whilst not necessarily undervalued at the moment, it certainly appears fairly valued...

the only question that remains lads is if the rest of the market has minds as great as ours?? unsure.gif


  Forum: By Share Code

marwoode
Posted on: Jul 11 2007, 07:23 PM


Group: Member
Posts: 239

In reply to: BarraKing on Wednesday 11/07/07 06:01pm

I'm with u BK.... I finally got onboard the PRUO's around $0.25 and I'm still holding the lot... my upside target is a lot higher...

what makes me laugh is, despite all the lip service about the new commodity cycle, the donkey mainstream market hasn't worked out that Africa is the biggest untapped resource bucket in the world... stocks like PRU, BMN, AVM & SDL (to name a few obvious ones) attract very little interest even though they have big potential...

what will make me laugh even harder is selling these same stocks in a few years times for healthy multiples to the same muppets who today pass them over! wink.gif


  Forum: By Share Code

marwoode
Posted on: Jul 11 2007, 12:53 PM


Group: Member
Posts: 239

stepped in and grabbed a few AGS this morning... I'm thinking it is close to a bottom around these levels... it could dip towards $1.50 - but I'm buying more there so no stress...

IMHO once this correction ends, AGS is heading towards $6.00 longer term (2-3 year horizon)

wish me luck~!! smile.gif
  Forum: By Share Code

marwoode
Posted on: Jul 11 2007, 12:35 PM


Group: Member
Posts: 239

In reply to: Bingo on Wednesday 11/07/07 12:09pm

heeheehee laughingsmiley.gif nice one Bingo...

that rate of descent seems a bit more like the KIM price action too~!!

technical question for you... do sinking ships bounce?? if so I might be able to scramble back some capital~!!! hahaha
  Forum: By Share Code

marwoode
Posted on: Jul 11 2007, 11:49 AM


Group: Member
Posts: 239

In reply to: marwoode on Tuesday 10/07/07 01:04pm

nope... no support...

instead, the falling knife is picking up pace!!

when it was in the $0.80's I had a potential target down to $0.57, but I dismissed it as it seemed too far away... well now it seems like it is very possible... if it doesn't stop there then I expect to see an announcement from KIM of a gigantic iceberg being discovered at Ellendale coz KIM is sure doing a farkin good Titanic impression at the moment~!!

women & children first...
Attached image(s)
Attached Image

 
  Forum: By Share Code

marwoode
Posted on: Jul 10 2007, 01:26 PM


Group: Member
Posts: 239

In reply to: marwoode on Friday 06/07/07 10:50am

still holding... not too much hoping now though - RMI looks good and a move past $0.08 whould confirm an inverted head & shoulder pattern with a target at $0.14...

I like it... wo wo way to go go laughingsmiley.gif
  Forum: By Share Code

marwoode
Posted on: Jul 10 2007, 01:04 PM


Group: Member
Posts: 239

good announcement detailing activities... I can't see much to concerned about in there... maybe now KIM can find some support?
  Forum: By Share Code

marwoode
Posted on: Jul 9 2007, 10:28 AM


Group: Member
Posts: 239

In reply to: watchmaker on Sunday 08/07/07 03:35pm

oh really? that would be good... as shareholders do we get some big notes as bonus? lmaosmiley.gif
  Forum: By Share Code

marwoode
Posted on: Jul 8 2007, 10:38 AM


Group: Member
Posts: 239

I just realised why Computershare was so strong... I was fighting "The Donald"
Attached image(s)
Attached Image

 
  Forum: By Share Code

marwoode
Posted on: Jul 8 2007, 10:25 AM


Group: Member
Posts: 239

In reply to: marwoode on Wednesday 27/06/07 08:08pm

I grabbed a few ZGMO's this week... I think the "volcanic caldera" news can be extrapolated upon by ZGM in the coming months and generate a bit of genuine interest... if they drill it and get some healthy grades this stock could easily triple as it has such a small market cap at the moment (about $20 million fully diluted)... and given the most recent announcement talked up some of ZGM's other projects - you don't have to be Einstein to realise this stock could move prior to news on the caldera...

get set, and strap yourself in team!


Attached image(s)
Attached Image

 
  Forum: By Share Code

marwoode
Posted on: Jul 8 2007, 10:09 AM


Group: Member
Posts: 239

I notice a bit of demand for MIK over the last few days... no news to drive it, so I can only assume something is bubbling under the surface?

anyone out there hearing anything? icon14.gif
  Forum: By Share Code

marwoode
Posted on: Jul 6 2007, 04:38 PM


Group: Member
Posts: 239

BREAKING NEWS...

MORE HAPPY APK SHAREHOLDERS CELEBRATE THE 45,000th NEW CUSTOMER ACCOUNT BEING SIGNED!!!

ONE HAPPY SHAREHOLDER SAID "CHEERS TO DISTRESSED ASSET SALES!", WHILST ANOTHER SAID "CRACK OPEN ANOTHER BOTTLE OF THAT FINE PRESIDENT CHAMPAGNE!!"


Attached image(s)
Attached Image

 
  Forum: By Share Code

marwoode
Posted on: Jul 6 2007, 10:50 AM


Group: Member
Posts: 239

I like the rounding bottom on the RMI chart... I think the next move over $0.07 should start a run towards $0.12.

I hold & I hope~!! rolleyes.gif
Attached image(s)
Attached Image

 
  Forum: By Share Code

marwoode
Posted on: Jul 6 2007, 10:19 AM


Group: Member
Posts: 239

ch-ching! 6 bags in two months ($0.024 to $0.145)... how many days/weeks/months to get the next 4 to get that not so elusive "10 bagger" badge???

unlike the guy below, the KSX team seem to be doing it right~!!

Attached image(s)
Attached Image

 
  Forum: By Share Code

marwoode
Posted on: Jul 5 2007, 09:04 PM


Group: Member
Posts: 239

In reply to: mme on Tuesday 12/06/07 09:25am

hihi mme... sorry for the delay in responding - I spent a few nights in ICU after LAT clapped out~!! hahaha only joking!!

I sertianly wish I'd known about the pending $0.04 placement before I pulled the trigger to buy LAT... oh well... we can't be winners all the time...

I've been a market participant for a long time, and I must say the biggest consistent pain in the rear is the way placements are handled... I have been involved in a few myself, and I seem to be one of the few bunnies who does not take undue advantage of what is effectively insider knowledge, and the opportunity to arbitage old stock for new stock... if ASIC & ASX were serious about tidying up the dodgy market, this is one area that could do with a serious overhaul.

Basically it makes me sick... puke.gif

on the bright side, if LAT managed to convince some prof & soph investors to part with some cash for the placement, then it should mean that they pitched a pretty good story for the future... only time will answer that question though!

  Forum: By Share Code

marwoode
Posted on: Jul 5 2007, 01:24 PM


Group: Member
Posts: 239

BREAKING NEWS...

MORE HAPPY APK SHAREHOLDERS CELEBRATE THE 27,500th NEW CUSTOMER ACCOUNT BEING SIGNED!!!
Attached image(s)
Attached Image

 
  Forum: By Share Code

marwoode
Posted on: Jul 5 2007, 12:43 PM


Group: Member
Posts: 239

another all time high at $2.84 has been set so far today... and it appears the buying is coming from nowhere again - the buyers aren't showing much on the bid, instead offers just keep getting lifted... I like it~!!

I scooped up a small parcel at $2.70 this morning, so I'm kinda happy - for the moment at least~!! hahaha

It looks as horny as ten horses!! I might get that trade at $3.00 before the end of the week if this kicks on after lunch~!!

GO GO KING KAROON~!!! king.gif
  Forum: By Share Code

marwoode
Posted on: Jul 2 2007, 10:22 PM


Group: Member
Posts: 239

CPU is a hard stock to sell... I made some money on my short position, but a lot less than I was expecting... now that I'm out it will probably plunge like a rock~!! oh well...

I guess the company buy-back will prop this potentially overvalued company up for a little longer... or maybe all those Private Equity firms that fled the Coles bid will come a running for CPU? Yeah right... I wouldn't hold my breath for that~!!! But then again the world is awash with cash, and who knows what lunacy might prevail~???

Good luck to holders... may all your dreams come true!! wink.gif
  Forum: By Share Code

marwoode
Posted on: Jul 2 2007, 08:23 PM


Group: Member
Posts: 239

In reply to: drarthur on Monday 02/07/07 07:46pm

"saw a patient" ~ ???

are you a real Doctor? coz... I have this problem with my {insert quirky body part here} and it hurts when I do {insert perverted action here}... what should I do Doc??

hee hee hee just joking...

anyway... yes it was a super finish drarthur! After she went "no offer" this morning I was chatting with my broker and said "give me a call when she gets to $3.00" he said "righto... I'll speak to you before lunch!' hahaha He's more bullish on KAR than me!! (sadly he never called... but maybe tomorrow?)... all joking aside a trade at $3.00 before the end of the week would be nice - if this momentum continues it is certainly a chance!!


  Forum: By Share Code

marwoode
Posted on: Jul 2 2007, 07:44 PM


Group: Member
Posts: 239

In reply to: marwoode on Monday 02/07/07 07:36pm

Just thinking about the "no offer" bit on KAR reminded me of an old joke... back in my old FX dealing days a USD/JPY broker was out of orders, to which he started yelling down the squawk box "I'm empty!" - this prompted a quick response from one of lads... "Half your luck son!" hahaha - PRICELESS~!! hahaha

anyway... point of the story is given we all hold KAR, it is certainly "half our luck" that the selling has dried up and she is busting out to new highs!! Drifting a few out to get the free ride is a great strategy... the only question will be how much we regret doing so in a day/week/month/year etc etc...

cheers
p.s. I haven't drifted any out yet... and given my $3.45 short term target - my finger isn't even on the trigger, let alone getting itchy!!



  Forum: By Share Code

marwoode
Posted on: Jul 2 2007, 07:36 PM


Group: Member
Posts: 239

hihi team...

the highlight of the day for me was when KAR went 2.53 bid - NO OFFER~!!!

lucky old me got a snapshot of it to print and hang on the wall~!!! (see below)

I like the way it finished too... the offer's are few and far between... we might get a few gaps to the upside tomorrow??

Go Go King Karoon~!! king.gif
p.s. and how about the Wallabies superb win on Saturday night??


Attached image(s)
Attached Image

 
  Forum: By Share Code

marwoode
Posted on: Jul 2 2007, 01:00 PM


Group: Member
Posts: 239

In reply to: drarthur on Monday 02/07/07 11:24am

big buying out of nowhere? or is this Talbot increasing his holding?

I don't really care too much coz it's heading in the right direction... giddiup~!!
  Forum: By Share Code

marwoode
Posted on: Jun 27 2007, 08:08 PM


Group: Member
Posts: 239

In reply to: bettyboop on Wednesday 27/06/07 11:12am

hihi bettyboop... yesterdays announcement would be a good place to look... but don't be surprised if ZGM starts coming off in the next few days as the "buy the rumour - sell the fact" brigade move in~!!

pssst Mcrae... you still on this/watching it??
  Forum: By Share Code

marwoode
Posted on: Jun 27 2007, 07:46 PM


Group: Member
Posts: 239

hihi team...

did anyone spot this very interesting KAR announcement today (see attached)...

it is the Initial Substantial Shareholder Notice from Talbot Group Holdings... they bought 12 million KAR shares in the recent $2.20 placement, and it seems they were also dipping into the market between 19th & 24th April 2007 and picked up just over 3 million shares at an average price of $2.28~!!! (the range for that period was $2.00 to $2.46).

BLIMEY~!! Not a bad way to "dip the toe" in the water with a new investment by throwing $33 million at it~!!! Clearly Mr Talbot et al, think that KAR has a decent future!!! icon13.gif

I know the Talbot Group have had a lunge at a few other companies (MTN, SDL & QOL are the ones I have found so far) and they all seem to be doing quite nicely... he & his team seem to be pretty astute with their investments.

what can I say... except...

GO KING KAROON~!!! king.gif


Attached File(s)
Attached File  KAR_20070627.pdf ( 87.06K ) Number of downloads: 257

 
  Forum: By Share Code

marwoode
Posted on: Jun 27 2007, 07:27 PM


Group: Member
Posts: 239

In reply to: marwoode on Monday 25/06/07 11:26pm

ok ok... here is a pic from Google Earth that I think indicates BMN are doing the biz...
Attached image(s)
Attached Image

 
  Forum: By Share Code

marwoode
Posted on: Jun 25 2007, 11:26 PM


Group: Member
Posts: 239

hihi team... I'm always a bit of a skeptic about far off operations unless I can go there, see it, sniff it etc. Sadly I can't see myself getting to Namibia in a hurry (unless they get to host the 2011 Rugby World Cup?), so although I own BNM, I guess I have always had a nagging question of "are they really there? are they drilling anything?" etc etc... weirdsmiley.gif

well, I am pleased to say with the help of our good friends at Google Earth (or is that the CIA/NSA/DOD or whoever takes these freaky satellite shots? unsure.gif ) the majority of my doubts have been erased...

get on Google Earth and check out what I believe is "Goanikontes - Anomaly A" - Lat=-22.7137462597, Lon=14.8299807818

you will notice the sort of horse shoe shaped darker pattern in the earth which is surely the bottom of the what BMN calls the Goanikontes Dome (visible from about 5km above) - and there is also some east-west parallel lines running which look very similar to the BMN drill pattern around "Anomaly A" (these are pretty clearly visible from about 2km above).

I have attached a couple of images from the BMN website to help with your visual identification.

Attached image(s)
Attached Image

 
  Forum: By Share Code

marwoode
Posted on: Jun 24 2007, 07:50 PM


Group: Member
Posts: 239

In reply to: monmon15 on Sunday 24/06/07 04:50pm

Hello monmon15... welcome aboard and I thank you for the PetNews article... it was an interesting read. Interestingly KAR Mgmt spoke at length at the EGM about the opportunity to pipe gas to Wickham Point and the benefits involved - including environmental~!!!

In response to your question - "[will] final 2D/3D data interpretation for the WA-314-P & WA-315-P... be out before the end of the financial year 2006/2007?"

This was discussed at the meeting and in the attached Chairman's address it says - "The final 2D/3D survey data from the WA-314P and WA-315P permits is nearing completion and decisions will be made shortly to high grade drilling targets."

I hope this helps...

cheers

marwoode
p.s. did you convert your KARO's or did you take the money & run? (I converted 95% of mine and had a few celebratory beers with the balance! heeheehee)
Attached File(s)
Attached File  KAR_20070622.pdf ( 159.29K ) Number of downloads: 279

 
  Forum: By Share Code

marwoode
Posted on: Jun 24 2007, 12:11 PM


Group: Member
Posts: 239

In reply to: marwoode on Sunday 17/06/07 09:24pm

Friday's EGM was very positive and the presentation (available on ASX & company websites) detailed a bit more about the new lease that the Karoon & Conoco JV won. There is certainly good potential in there and I for one like the "trendology" & "nearology" of this lease with WPL's Scott Reef leases. Given the JV has committed to a five well drill program, I think they is little doubt that, a/ they think there is oil & gas there, & b/ the odds are pretty good that they will hit something with at least one of the five wells! There was a suggestion that WPL also bid for this lease when it was gazetted by the Govt, so they must have liked the look of it too?

One interesting/amusing thing from the meeting was a member of the public (presumably a shareholder) asked Mgmt if there was any truth to the rumour that oil had been discovered in Gippsland but was being suppressed by the Howard Government!! I certainly hadn't heard that rumour before and it caused a bit of mirth amongst those present including Mgmt who said they had not heard of any such thing! Where do these crazy rumours start?

The recent placements were approved by shareholders, so in the next week or so expect to see Talbot Group pop up as a significant holder with their 12million shares that they got in the recent $2.20 placement. Talbot has done well with his MTN, SDL & QOL holdings (three that I know of) and I expect he'll do well with his KAR holding to in the future!

Gogo King Karoon~!!! king.gif

  Forum: By Share Code

marwoode
Posted on: Jun 24 2007, 11:55 AM


Group: Member
Posts: 239

In reply to: crystal on Thursday 21/06/07 08:58am

what do you think here crystal? is it consolidating the break before more upside action?
  Forum: By Share Code

marwoode
Posted on: Jun 22 2007, 04:05 PM


Group: Member
Posts: 239

FAR KKK~!!!

get a load of those drill results lads... maybe $1.18 is a bit light Fitzy~!!!

nice... very nice!
Attached File(s)
Attached File  PRU_20070622.pdf ( 129.25K ) Number of downloads: 63

 
  Forum: By Share Code

marwoode
Posted on: Jun 21 2007, 07:57 PM


Group: Member
Posts: 239

should we be selling on Monday? Anything above $1.00 has to be a gift... the only drama is will we get them back below $1.00??? weirdsmiley.gif
  Forum: By Share Code

marwoode
Posted on: Jun 21 2007, 04:08 AM


Group: Member
Posts: 239

it's a funny old world... AMP announces they have been as busy as a squirrel in spring unloading nuts (euphemism for KIM shares) - and now KIM appears to be turning to the upside!! Perhaps AMP were single handedly holding KIM down?

When I dribbled on about a possible recovery on May 16th, I mentioned an upside break level of $0.88 - it wasn't massive rocket science behind that level, just a good old fashioned break point on a nasty downtrend... well my fellow KIMberliner's, it would appear that the downtrend has now been penetrated with yesterdays modest rise.

Could this portfolio laggard be set for some upside at long last?
Attached image(s)
Attached Image

 
  Forum: By Share Code

marwoode
Posted on: Jun 17 2007, 09:24 PM


Group: Member
Posts: 239

hihi team... KAR hit a new record high last week at $2.51 - nice!

Today there was another good Nigel Wilson article in The Australian about the Browse Basin... http://www.theaustralian.news.com.au/story...5005200,00.html

ConocoPhillips gets a mention but again no mention of Karoon... I spoke with Mr Wilson recently and he stated that he has a policy of not mentioning "junior JV partners". Fair enough I guess, but given KAR has 49% (they will go down to 40% is CP exercises their option) they are hardly a junior partner~!!

Regardless, for those of us who know about KAR, this story is very encouraging... I especially liked this line...

"In the Browse Basin, north of Broome, state-of-the-art drilling rigs, which cost up to $US1 million ($1.2 million) a day to operate, will be testing some of the most exciting prospects yet to be explored in Australian waters."

Go King Karoon~!! king.gif
  Forum: By Share Code

marwoode
Posted on: Jun 15 2007, 07:30 PM


Group: Member
Posts: 239

I have lost count how much gold PRU think they have now... is it above 3million oz's yet? Surely it is... and surely the mkt cap must really start pushing on to reflect that potential?

I can't make up my mind whether I want to see them push on with development which is good for shareholders in the long term, or whether I'd be happy with a juicy takeover offer arriving in the mail which would be short term payola... either way I think it goes higher...

I like it... wub.gif
  Forum: By Share Code

marwoode
Posted on: Jun 13 2007, 08:01 AM


Group: Member
Posts: 239

In reply to: grahame11 on Tuesday 12/06/07 09:30pm

cheers for the chart TA... looks nice... DGR looks good too!!
  Forum: By Share Code

marwoode
Posted on: Jun 12 2007, 08:36 PM


Group: Member
Posts: 239

BREAKING NEWS...

MORE HAPPY APK SHAREHOLDERS CELEBRATE THE 20,000th NEW CUSTOMER ACCOUNT BEING SIGNED!!!
Attached image(s)
Attached Image

 
  Forum: By Share Code

marwoode
Posted on: Jun 12 2007, 08:33 PM


Group: Member
Posts: 239

20,000 customers!! Nice! smile.gif Break out the inexpensive Champagne!!!

I also like the quote about the 10,000 customers added in the last four weeks, which APK "believes is the fastest rate of customer acquisition among the new market entrants." - I'm not actually sure what it means, but the more of this inexpensive Champagne I drink (actually it may just be a cheap sparkling wine of some variety!) the better I feel~!!! biggrin.gif

If JackGreen can be a takeover target, what will happen with APK?


Attached File(s)
Attached File  APK_20070612.pdf ( 30.49K ) Number of downloads: 104

 
  Forum: By Share Code

marwoode
Posted on: Jun 10 2007, 09:56 PM


Group: Member
Posts: 239

hihi team... here is an interesting article on AD in todays New York Times... I hope the link works... http://www.nytimes.com/2007/06/10/business....html?th&emc=th

Sadly there is no mention of Prana, but it provides a good background on the other companies out there and some of their techniques...


  Forum: By Share Code

marwoode
Posted on: Jun 8 2007, 10:28 PM


Group: Member
Posts: 239

as Verka Serduchka says... "okay happy end"
  Forum: By Share Code

marwoode
Posted on: Jun 8 2007, 10:22 PM


Group: Member
Posts: 239

okay lads... back on May 9th after the initial JORC release, I made a comment here about AGS that "$1.50 is possible" - no one took me seriously coz I normally just post stupid comments!
It was however based on a bit of simple Fibonacci work - 50% of $2.88 equals $1.44 - no real heavy rocket science, and seemingly just clutching at straws!
However, having been a student of Elliott, Fibonacci & Kondratieff for nearly 20 years and having worked as a proprietary trader for a few banks in that time, you'd be surprised how often simple stuff like that works, and how profitable it can be. The classic example was buying the S&P500 in July 2002 when it seemed the world was collapsing - why did I buy? Coz 50% of 1553 is 776 - the low in July was 775.76 - DING! (it dipped a bit lower later in the year to 768, but I was long gone with my profits by then!).
Anyway, what I wanted to say is, despite the fact that AGS is looking a bit like a falling knife at the moment, and although I'm still hoping for a move to $1.44, I wouldn't be surprised if it doesn't get there.
Check the chart and see if you can spot what Elliottician's refer to as "a running correction" - basically it could mean that $2.88 was not the high of an impulsive move, but rather an irregular B wave, and this current drop is the corresponding C wave which had an equality target at $1.93 (gone!) and subsequent extension targets at $1.78, $1.70 & $1.56.
However, before you slit your wrists (remember "it's down the road - not across the street" if you want to make it count!), this tasty parallel channel may hold this puppy and AGS may stage a sudden violent impulsive move to the upside!! HURRAY!! lmaosmiley.gif
I could be completely wrong though... maybe one day the nurses will notice I slip out of my jacket with the buckles on the back to post these messages and they might chain me to the wall and you'll never hear from me again? wacko.gif

Attached image(s)
Attached Image

 
  Forum: By Share Code

marwoode
Posted on: Jun 7 2007, 10:38 PM


Group: Member
Posts: 239

today's announcement got my attention, after a few minutes of scratching the surface I coughed up a few dollars to put a toe in the water... even I can work out that a mkt cap of $6.5m is a gift for a resource of 318,000 ozs of gold... anyone here got any of those 6.6 million unlisted options for sale??
  Forum: By Share Code

marwoode
Posted on: Jun 3 2007, 05:13 PM


Group: Member
Posts: 239

In reply to: wasabibarako on Sunday 03/06/07 03:46pm

come on wasa... get big or get out son!!

AGS will be at least $30.00

wait... more bull coming... $35.00

wait wait... I'm feeling horny like a bull... $45.00

lol tongue.gif
  Forum: By Share Code

marwoode
Posted on: Jun 1 2007, 02:53 AM


Group: Member
Posts: 239

King Karoon king.gif had a bit of direct and indirect good press yesterday (May 31st) - refer page 10 & 61 of the AFR. KAR got a good mention (and Bob Hoskings was quoted) on page 61. There was also an indirect article about ConocoPhillips in The Australian, but sadly the donkey journo* did not mention Karoon as being Conoco's partner in the Browse!

I see in my early morning scouring of news items that Conoco gets another good plug in todays Australian... http://theaustralian.news.com.au/story/0,2...679-643,00.html

you will note that it mentions "Browse Basin gas could be a supply source for the long-debated expansion of Darwin's new Wickham Point LNG plant" - sadly the donkey-journo* again fails to connect the dots and mention that Karoon is 40% JV partner with Conoco in the Browse!

* please note... Nigel Wilson is probably not a donkey - this is just an emotive tag from a donkey shareholder of KAR. wink.gif

  Forum: By Share Code

marwoode
Posted on: May 28 2007, 09:15 PM


Group: Member
Posts: 239

nice bit of upward movement on AVQ in the last few days/weeks... I would expect some news to flow from the recent drilling in the not to distant future... smile.gif
  Forum: By Share Code

marwoode
Posted on: May 23 2007, 09:29 PM


Group: Member
Posts: 239

is it just me, or is CPU looking a little bit overcooked up here??

- a p/e ratio of 26

- a div yield of 1.3% (with no franking!!)

- divergence on monthly, weekly & daily oscillators (the ones I watch)

- a few bearish candlestick patterns on the daily chart

- an outside key reversal today

CONCLUSION... thumbdown.gif

the only thing that seems to be suggesting CPU will go higher is the fact that I have shot my big mouth off and suggested that they are overcooked~!!!
  Forum: By Share Code

marwoode
Posted on: May 16 2007, 08:47 PM


Group: Member
Posts: 239

Despite all the doom & gloom a few weeks ago, KIM has staged a nice little recovery. The weekly oscillators are starting to look quite positive, and a few more good releases about thru-put etc could start this moving higher again. Clearly the punters who shelled out the $14 million recently like the story too...

I believe if Mr Fibonacci was alive today, he'd be betting a few rabbits on a bounce to somewhere between $1.17 & $1.47 at least... (especially on a break above $0.88)
  Forum: By Share Code

marwoode
Posted on: May 16 2007, 08:26 PM


Group: Member
Posts: 239

hihi team... did anyone tune in for the conference presentation? I liked what I heard - it was a good refresher of where PBT are at. Importantly there was no bad news, which is of course good news, as it probably indicates that so far PBT2 has not killed anyone! unsure.gif

  Forum: By Share Code

marwoode
Posted on: May 14 2007, 04:55 PM


Group: Member
Posts: 239

Woo-Yay! (and indeed Hoopla!)

The new Browse Basin permit is officially granted... for which a pretty serious work program is to be undertaken by the Conoco Phillips & Karoon JV... this is surely a fairly serious relationship now between KAR and the world's fifth largest oil & gas company? (that is a rhetorical question - the answer IMHO is "YES")

Given the recent capital raising, KAR are well funded to get on with the drilling etc... I wonder if the new lease will see some drilling action after the upcoming drill program in the old leases? (not a rhetorical question as I have no idea!)

Go King Karoon!! king.gif






Attached File(s)
Attached File  KAR_20070514.pdf ( 98.68K ) Number of downloads: 20

 
  Forum: By Share Code

marwoode
Posted on: May 14 2007, 02:10 PM


Group: Member
Posts: 239

giddi-up... inverted head & shoulder target of $0.12
  Forum: By Share Code

marwoode
Posted on: May 12 2007, 03:56 PM


Group: Member
Posts: 239

In reply to: watchmaker on Thursday 10/05/07 11:08pm

I agree with you watchmaker... MIK has far more potential in America where RFID is understood way better than Australia. Unfortunately I have never met Dr Atherton but I have a close friend who has, and he speaks of him with the same high regard as you do.

As is often the case with most great Australian inventions, they get no real backers locally, so they are forced overseas and ultimately are consumed by foreign companies (our solar industry is a fine example of this). I just hope that MIK believers/holders get a fraction of the reward that this company deserves!

With regards to the printing side of the operation... I'm looking like a real goose wacko.gif for my comments of May 9th as the MIK announcement the following day effectively said the deal with NPA is going ahead. This is really quite exciting given that Aussie banknote technology is well respected around the world and NPA works with plenty of other countries... who knows, this could make the RFID business look like a sideshow?

Ultimately I don't care what succeeds first, I want them both to succeed and for the revenues to roll in... if the share price goes up a few cents accordingly I won't be too displeased either~!! wink.gif

  Forum: By Share Code

marwoode
Posted on: May 10 2007, 07:54 PM


Group: Member
Posts: 239

In reply to: macrae on Thursday 10/05/07 05:47pm

PBT are enjoying a nice bounce atm macrae... I'm enjoying the ride so far!! smile.gif

I guess the further we get along the path to the trial's end without any adverse news, we can factor in a decent de-risking of PBT2...

and if the treated humans behave like the treated mice did, then this could be a nice Xmas for PBT holders!
  Forum: By Share Code

marwoode
Posted on: May 10 2007, 12:50 PM


Group: Member
Posts: 239

In reply to: crystal on Thursday 10/05/07 09:37am

I agree with you mick... the PRUO's offer great leverage, and therefore better value - two years is a long time, and there is bugger all time value in the price - it is mostly intrinsic with a dribble of volatility I think (gamma, beta - its all Greek to me!)

  Forum: By Share Code

marwoode
Posted on: May 10 2007, 11:53 AM


Group: Member
Posts: 239

In reply to: gulf on Wednesday 09/05/07 01:44pm

Ask and ye shall recieve!!

almost as if you have a direct line to the top gulf, I see MIK released a progress report today... and there is quite a lot of info to process in there... certainly something to justify another chunk of stock to be added to my pile I think... biggrin.gif

cheers... marwoode

Attached File(s)
Attached File  MIK_20070510.pdf ( 36.22K ) Number of downloads: 20

 
  Forum: By Share Code

marwoode
Posted on: May 10 2007, 09:37 AM


Group: Member
Posts: 239

In reply to: King Baz on Thursday 10/05/07 09:30am

hello king.gif Baz...

may I ask where that article come from kind sir?

and yes the buying at $1.50 was lovely-stuff!!

cheers... marwoode
  Forum: By Share Code

marwoode
Posted on: May 9 2007, 08:06 PM


Group: Member
Posts: 239

In reply to: gulf on Wednesday 09/05/07 02:50pm

hihi gulf... the printing division of MIK does not "float my boat" at all - it is really just a sideshow to the main RFID action IMHO. The only thing the printing can do is provide some local news if the deal with the RBA proceeds - it would of course also be welcome revenue etc, but I don't think it will produce a massive ongoing cashflow for the company.

What stuns me with the Australian market is that the MIK RFID technology is under appreciated - for example, the RBA printer trial announcement seemed to generate more excitement than the EVR trial announcement - EVR has the potential (very real potential if I am any judge of things) to provide a vast ongoing cashflow for the company as EVR technology is rolled out across the world (i.e. today Bermuda... tomorrow the world!!)

and my interpretation of MIK's patents (refer Google's patent site) suggests that they are water-tight, so the whole tamper-proof RFID label game is their's for the taking which is of course "prime mover advantage"!

further, MIK wouldn't be able to sell their RFID's into the US Government high security agencies if they were no good. I imagine the US governement would also have preferred to deal with a US company (for added national security etc), so this again reinforces just what a massive prime mover advantage MIK must have!

There was a recent article addressing security by MIK's CTO Atherton... it is worth a read...

http://www.morerfid.com/details.php?subdet...&report_id=2845

sorry to dribble on so much... but I'm pretty passionate about this stuff... I'm hoping my children will be on the Mikoh scholarship at school~!! wink.gif
  Forum: By Share Code

marwoode
Posted on: May 9 2007, 12:30 PM


Group: Member
Posts: 239

sexy new presentation on the KAR website...

incorporates a bit more info on the new lease and the capital raising...

my understanding is the management team is off overseas to update and promote the company to existing and potential holders etc...

Go King Karoon!! king.gif
  Forum: By Share Code

marwoode
Posted on: May 9 2007, 11:53 AM


Group: Member
Posts: 239

In reply to: rubba81 on Wednesday 09/05/07 11:46am

$1.50 is possible... I hope the panic merchants keep selling as I have a few buy orders a little further south... hypocrite.gif
  Forum: By Share Code

marwoode
Posted on: May 9 2007, 11:41 AM


Group: Member
Posts: 239

In reply to: marwoode on Wednesday 09/05/07 11:36am

here is a FAQ sheet on EVR from the Bermuda TCD website...

cheers

biggrin.gif
Attached File(s)
Attached File  bermuda_evr_faq.pdf ( 22.16K ) Number of downloads: 295

 
  Forum: By Share Code

marwoode
Posted on: May 9 2007, 11:36 AM


Group: Member
Posts: 239

hihi team...

I just found a couple of websites that seem to refer to the MIK RFID Electronic Vehicle Registration program... it appears the small country where the EVR's were being trialled was Bermuda, and judging from these articles, it has been adopted!! Fabulous news!! lmaosmiley.gif

these releases seem to have emanated from 3M (the US giant)...

http://www.industrial-embedded.com/news/db/?6371

http://www.eweek.com/article2/0,1895,2126991,00.asp

http://www.morerfid.com/details.php?subdet...80&display=RFID

the Premier of Bermuda has also made mention of the EVR system in several of his recent speeches... and the Bermuda Traffic Control Department website has some further details...

http://www.gov.bm/portal/server.pt?space=C...CommunityID=253

I'm no rocket scientist, but this is very exciting news for Mikoh... I would expect this could reignite the fire under the share price!!

Giddiup Mighty Mikoh!! smile.gif
p.s. attached is the Oct 2006 MIK announcement about the EVR trial so you can refresh your memories...
Attached File(s)
Attached File  MIK_20061013.pdf ( 43.04K ) Number of downloads: 72

 
  Forum: By Share Code

marwoode
Posted on: May 8 2007, 11:18 AM


Group: Member
Posts: 239

I don't know if it was such a disappointment (apart for peolpe like me optimistically calling for 50,000+ tonnes - but that was always wishful thinking on my behalf!) - this seems like good old fashioned "buy the rumour - sell the fact" trading... AGS had/has a massive mkt cap based on expectation & potential... production, and therefore, earnings are still some time away...

the question is the dip and where to add more... I was having breakfast with one largish trader who is hoping to pick them back up at $1.50... only time will tell if he is right or wrong!

longer term the picture is still fabulous, but short term there could be a bit of pain...
  Forum: By Share Code

marwoode
Posted on: May 4 2007, 10:06 AM


Group: Member
Posts: 239

In reply to: andyw on Friday 04/05/07 06:28am

hihi andyw... I saw it earlier but I was too busy to post it as I was skipping round the house like a schoolgirl after reading it~!!! lmaosmiley.gif

I also see Talbot & CITIC have been buying up more MTN - they are now standing at the gates with 19.9% - anymore buying there and they will be launching a formal takeover!

Given they have jumped into KAR with over 10%, maybe they will want to increase their holding in KAr as well?

Having said that, I don't know if the KAR purchase is a Talbot/CITIC deal like in MTN, or if it is just Talbot like in SDL?? Time will tell... as soon as they lodge their 603 we'll get a look at the details...

let's face it, given how resource hungary China is, buying a controlling interest in an oil & gas company like KAR would make very logical sense for CITIC...

go go King Karoon!! king.gif
  Forum: By Share Code

marwoode
Posted on: May 3 2007, 10:21 PM


Group: Member
Posts: 239

In reply to: uraniumbull on Thursday 03/05/07 09:00pm

nice one UBull~!!!

given Mr Rann says it's the biggest discovery in the universe or whatever, I'd like to have an entry of 58,500 tonnes

also... as you are putting up first prize, I would like to generously sponsor a "spanking" last prize...

to the biggest loser in this competition, (and I hope for all our sakes, it is not me who wins this "spanking" prize) I will gladly send a lovely Wooden Spoon



  Forum: By Share Code

marwoode
Posted on: May 3 2007, 10:26 AM


Group: Member
Posts: 239

WOW!! Nice work... and Talbot on board now too... very nice!

and a raising with no massive discount to market... very very nice!!!
Attached File(s)
Attached File  KAR_20070503.pdf ( 40.36K ) Number of downloads: 19

 
  Forum: By Share Code

marwoode
Posted on: May 3 2007, 10:10 AM


Group: Member
Posts: 239

In reply to: andyw on Thursday 03/05/07 10:03am

hihi andyw... did you see that KAR have a new update on their website...

http://www.karoongas.com.au/KIR_April07.pdf

(it's 4.29mb, so it may be easier to www.karoongas.com.au & save it from the link there)

I like the look of the revenue stream in a few years time!!

I also like the look of that 3D work... I'm not filling my BBQ gas bottle, coz I'm waiting for the shareholder discount~!!! tongue.gif

Go King Kong Karoon!! king.gif
  Forum: By Share Code

marwoode
Posted on: May 2 2007, 09:02 AM


Group: Member
Posts: 239

BMN have just released an interim 27 million pound u3o8 resource estimate... nice! smile.gif
Attached File(s)
Attached File  BMN_20070501a.pdf ( 351.71K ) Number of downloads: 173

 
  Forum: By Share Code

marwoode
Posted on: Apr 20 2007, 10:01 PM


Group: Member
Posts: 239

another Substantial holder has emerged... this time Mizuho Trust

the registry is starting to look like a who's who of investors...

UBS 6.94%
CBA 10.66%
Mizuho 5.84%
Westpac 5.05%
Smallco 6.24%
Me 0.0000001% cool.gif
  Forum: By Share Code

marwoode
Posted on: Apr 20 2007, 08:40 PM


Group: Member
Posts: 239

Geez! I just got in from a hard day's pickin (down on the Peanut Farm) and I see that KAR have released quite an interesting announcement... I'm no rocket scientist, so I won't try to interpret it, instead I'll just post it here so you can come to your own conclusions!

I'm a little dissapointed there is no mention of uranium - I guess it means the KAR mkt cap will have to increase on merit rather than hype, hysteria & lunatic speculation!

Love live the King!! king.gif
p.s. I own a few uranium stocks & I'm extremely pleased with the hype, hysteria & lunatic speculation - love live that too!! biggrin.gif


Attached File(s)
Attached File  KAR_20070420.pdf ( 244.43K ) Number of downloads: 1312

 
  Forum: By Share Code

marwoode
Posted on: Apr 20 2007, 12:29 PM


Group: Member
Posts: 239

Two directors, Sumich & Kennedy, were in buying KIM... maybe the end is not nigh after all?? (see attached)

I think the critcism from brokers is a bit overdone... regardless of delays KIM is still pulling out and selling quite a few diamonds... delays can be overcome, and if directors think KIM is good value down here, who am I to argue?




Attached File(s)
Attached File  KIM_20070419.pdf ( 56.01K ) Number of downloads: 72

 
  Forum: By Share Code

marwoode
Posted on: Apr 19 2007, 01:23 PM


Group: Member
Posts: 239

In reply to: King Baz on Thursday 19/04/07 12:57pm

hahaha good one! But seriously, how many pounds of u3o8 can those pot plants hold?? If they get a JORC on that pot plant resource by say 2015, a licence to mine by say 2036, then we could expect first production in 2041 - FAR OUT!!! That means KAR should be valued at at least a billion $$$ by tomorrow!! lmaosmiley.gif



Attached image(s)
Attached Image

 
  Forum: By Share Code

marwoode
Posted on: Apr 19 2007, 12:51 PM


Group: Member
Posts: 239

What do you think King Baz? Has King Karoon discovered uranium??? lmaosmiley.gif

I'm guessing that as we are now in Q2 2007 and KAR have given guidance that they & Conoco want to drill somewhere between Q3 2007 & Q1 2008, that there is a chance there is a drill ship & drill program announcement coming... icon14.gif

I may be wrong though... perhaps it is that KAR have discovered uranium in their Collins Street offices!!

Either way, my simplistic Elliott Wave targets are now $2.65 to $3.00 - add a nice Fibonacci extension here or there and the targets reaches towards $4.00~!!!

Go King Karoon!!! king.gif
  Forum: By Share Code

marwoode
Posted on: Apr 18 2007, 06:45 PM


Group: Member
Posts: 239

In reply to: FLOYD2 on Wednesday 18/04/07 02:02pm

Yip. I'm not too stressed and I'm still on board. I think the nasty news last week was just the end of round one... I would expect that it now means it could turn into a hostile bid, in which case we can expect higher prices for our precious FUN's!!! lmaosmiley.gif

but I could of course be long & wrong!! wink.gif
  Forum: By Share Code

marwoode
Posted on: Apr 17 2007, 07:57 PM


Group: Member
Posts: 239

here is some nice background stuff on what Mikoh do...

http://www.rfidjournal.com/article/articleview/3194/1/1/

http://www.rfidproductnews.com/pages/searc...prod/inlays.php

http://www.rfidproductnews.com/pages/searc...id.security.php

http://www.packworld.com/view-22870

I also found that Transcore have quite a lot of info on their website about EVR (Mikoh claim to be the provider of tamper-proof EVR RFID tags to Transcore) and they make interesting reading... http://www.transcore.com/I&A/evr/evr-dl.html

cheers...
  Forum: By Share Code

marwoode
Posted on: Apr 16 2007, 10:02 PM


Group: Member
Posts: 239

In reply to: wolverine on Monday 16/04/07 07:56pm

forget the diamonds... lets hope they find some uranium~!!! lmaosmiley.gif

seriously though, this sell off is surely a bit overdone? It seems to me as though the baby is going out with the bath water...
  Forum: By Share Code

marwoode
Posted on: Apr 13 2007, 07:46 PM


Group: Member
Posts: 239

ouch! stun.gif
  Forum: By Share Code

marwoode
Posted on: Apr 13 2007, 02:58 PM


Group: Member
Posts: 239

In reply to: kacy on Friday 13/04/07 02:07pm

the management team is clearly the uranium world's answer to David Beckham... hasn't scored a goal in years, but still commanding big bucks! hahaha

nice work for the punters who got some... although with 12m going through, clearly they don't all believe CUX is fairly valued at 60 million! blink.gif
  Forum: By Share Code

marwoode
Posted on: Apr 13 2007, 09:48 AM


Group: Member
Posts: 239

In reply to: zipper on Thursday 12/04/07 11:22pm

I have fool-proof plan for you zipper...

don't pay the tax! just flee the country to Spain and buy an enormous villa called "Casa de Zippa"... invest in a shonky oxygen face mask thingy and get pushed around in a wheelchair... marry some slapper called Dixie or Licksie or something... and get lots of grainy pictures taken of yourself in wheelchair/face-mask/pool/slapper wife etc...

now I know you are thinking that $50k ain't going to buy you many Margherita's let alone a big Cubic Zirconia for Dixie/Licksie/whatever or a massive villa... and it is a fair point...

but here comes the pure genius... sell your stories & pictures (about fleeing/face-mask/wheelchair/villa/slapper wife etc) to Womans Day, New Idea, Today Tonight, A Current Affair, Herald Sun, SMH, Courier Mail etc etc etc

the income alone from the media will mean you can live like a reclusive escapade for the rest of your life!! PERFECT! cool.gif
  Forum: By Share Code

marwoode
Posted on: Apr 12 2007, 09:34 PM


Group: Member
Posts: 239

In reply to: macrae on Thursday 12/04/07 12:32pm

Sadly macrae it seems I was a bit hasty in making the comment about Jim Rogers & BKY - I triple checked today with my information source and it appears I misunderstood the conversation we had on the golf course recently! Oops... sorry! wacko.gif












  Forum: By Share Code

marwoode
Posted on: Apr 12 2007, 08:04 PM


Group: Member
Posts: 239

hihi CUXer's - you'd have to imagine this stock could have some upside early on... the Chilling deposit has some pedigree to it, and the mgmt team certainly had some form!

Anyone want to hazard a guess as to the high they hit tomorrow? I'll start the ball rolling with an 100% stab in the dark guess and say $0.65~!!!

Having said that, has anyone considered that a listing on Friday the 13th is not such a good omen??? devilsmiley.gif Come on Damien!!!




  Forum: By Share Code

marwoode
Posted on: Apr 12 2007, 10:15 AM


Group: Member
Posts: 239

In reply to: macrae on Tuesday 10/04/07 10:17am

Hi macrae... I have heard talk (unsubstantiated by me at this stage however) that Jim Rogers (ex-Quantum Fund) has a holding in BKY...

Regardless, there are some big names on the registry (although not mine yet! laughingsmiley.gif ), so BKY are clearly a decent company.

Would it be fair to say that with the existing ENUSA processing plant nearby, BKY could, with a little negotiation & luck, become a producer in rather short order? 12 million pounds of u3o8 is exciting, but if they can bring it on stream and sell it quicksmart then it is very exciting!! smile.gif

cheers... marwoode
  Forum: By Share Code

marwoode
Posted on: Apr 6 2007, 06:13 PM


Group: Member
Posts: 239

hihi seanest... apparently (I didn't see it with my own eyes) RRT was in a recent issue of "Financial Review Smart Investor Magazine" - apparently it rated RRT as one of the top 10 yielding stocks as well as one of the top 10 yielding listed property trusts..."within the sector there are still some shining performers such as Record Realty" (Page 32). I'm guessing this was in the last few weeks - but I'm not certain.

I acknowledge there are considerable risks with RRT, but at least the current yield compensates investors for that risk... I see plenty of punters buying stocks at ridiculous valuations and getting no compensation for the increased risk (four big banks spring to mind for a start!!).

  Forum: By Share Code

marwoode
Posted on: Apr 5 2007, 07:58 PM


Group: Member
Posts: 239

In reply to: apples on Thursday 05/04/07 04:14pm

hihi apples... thanks for your input, and I acknowledge it to be purely conjecture! wink.gif interestingly I was chatting with another concerned KIM holder this morning and we pondered the very same point. Sadly I have seen this sort of dirty tricks campaign happen previously (with cap raisings as well etc etc) so I won't be surprised if in a few weeks we get some miserable low-ball offer!

I guess another possible reason is a large holder (fund, or whatever) needing to raise cash quick for whatever reason may have dumped a largish parcel. It happened recently on KAR - apparently a UK based fund got caught in the recent Thai meltdown and they tipped 4m KAR onto a very thin market to raise cash - it drove the price from $1.90 to $1.50 (where they unloaded the bulk of their shares). The momentum meant that KAR eventually dropped to $1.20! Thankfully they are back at $1.73 now. I also saw a similar hit on GDY a few years ago... QIC had 5% (I think? my memory is not so good) but when a new bloke took over the portfolio, he decided he didn't like GDY (rightly so as it turns out!) and he dumped the lot quick smart! Nasty business for the rest of us left holding, but all part of the fun I guess!

Hopefully next week KIM will recover so I can come in off the window ledge!

cheers & Happy Easter!

  Forum: By Share Code

marwoode
Posted on: Apr 5 2007, 12:56 PM


Group: Member
Posts: 239

hihi KIM-berliners ("ich bin ein Kim-berliner" as JFK once said - I think?)

any clues as to why KIM got the pork sword today? Clearly more sellers than buyers, but as far as I can tell there is no bad news out... did the price of diamonds collapse overnight?

any ideas would be appreciated as my bank manager wants answers!!

cheers... marwoode
  Forum: By Share Code

marwoode
Posted on: Apr 4 2007, 05:08 PM


Group: Member
Posts: 239

Another decent capital raising announced... clearly the bigger players like the story that MIK has to tell, as they are happy to part with some decent cash (upto $2.24 million). Nice! smile.gif
Attached File(s)
Attached File  MIK_20070404a.pdf ( 177.16K ) Number of downloads: 72

 
  Forum: By Share Code

marwoode
Posted on: Apr 2 2007, 01:44 PM


Group: Member
Posts: 239

In reply to: marwoode on Wednesday 14/03/07 08:34am

up 15% today... up 54% from the 14th March 2007 low at $1.20 - surely this is the start of the pre-drill expectation run to higher levels? We're now in Q2 2007 and KAR has indicated they & ConocoPhillips (the 5th largest oil & gas company in the world!) will be drilling the Browse permits anywhere from Q3 2007 to Q1 2008... I'm guessing a rig announcement is close at hand and with it a firm date to start the drill program. Given the "size of the prize" I would expect KAR shares to be quite a bit higher on the spud date... go King Karoon!! king.gif
  Forum: By Share Code

marwoode
Posted on: Mar 30 2007, 11:56 AM


Group: Member
Posts: 239

In reply to: radd on Friday 30/03/07 11:08am

the Iranians are in need of uranium too! until such time as the Yanks or Israeli's bomb them back to the Stone Ages! If you believe a recent Russian story < http://fr.rian.ru/world/20070319/62260006.html > that could be as early as 6th April 2007! The rehashed English version is on that international paragon of truth, Rense.com < http://www.rense.com/general75/bite.htm > - just make sure you take a large dose of salt with these stories!
  Forum: By Share Code

marwoode
Posted on: Mar 30 2007, 09:23 AM


Group: Member
Posts: 239

hihi all... I see that the Bank Credit Analyst (a fabulous Canadian research company & part of the McGraw-Hill group of companies which includes S&P) recently issued a very bullish report on German property... basically they point out that German property has underperformed the rest of Europe & the western world (ex-Japan presumably?) and that a turn is imminent.

Perhaps our good friends at RRT are ahead of the pack with their large German property purchase... it may also offer an explanation as to why the Germanic bankers from UBS & Credit Suisse were happy to underwrite the recent RRT rights issue?

Conclusion: Deutscheland, Deutscheland Uber Alles!!!
  Forum: By Share Code

marwoode
Posted on: Mar 29 2007, 09:14 PM


Group: Member
Posts: 239

In reply to: macrae on Thursday 29/03/07 09:03pm

you are most welcome macrae... I'm trying to share the load here with you!! smile.gif

I have a question for you that I will zip thru on a personal message... I hope you don't mind...

cheers

marwoode
  Forum: By Share Code

marwoode
Posted on: Mar 29 2007, 08:47 PM


Group: Member
Posts: 239

hihi team... the 28th Mar 07 Aust Fin Review had an article on APK... however I think this article from The Australian is better...

http://www.theaustralian.news.com.au/story...2-23634,00.html

Power to the people
CRITERION
Tim Boreham
March 28, 2007

WHILE elephants such as AGL and Origin Energy stomp around the energy retailing landscape, nimbler ants hope to gnaw away at their market share. The glittering prize is the Queensland retail market, which joins its deregulated southern cousins in July.
None of the listed exemplars is close to bothering the pachyderms in terms of customer take-up. But this hasn't stopped investors from eyeing Australian Power & Gas (Auspower) and Energy One - which both listed in January - as takeover targets. (Babcock & Brown Power, which owns 20 per cent of green power house Jackgreen, has made no secret of its interest in the sector.)
Ostensibly, the retail business is simple enough. As with telco re-sellers, the retailer buys the product wholesale (from the national electricity grid) and hires use of the wires and pipes.

The real art is in persuading customers to switch (gas is gas, innit?). In Victoria, half of the total customers have already switched suppliers since the market became contestible five years ago, while in NSW 20 per cent have moved over a four-year period.

Because sensible folk don't animatedly discuss their energy retailer around the barbecue, they need a jolly good incentive - typically a 5 to 6 per cent discount off their current bill - to bother with the paperwork.

"There's no sexy handset or a sexy coloured meter," says Auspower chief James Myatt. "Customers only swap when someone knocks on their door."

What makes Auspower's model intriguing is its link with door-to-door sales outfit Cobra Group. In an exclusive tie-up, Cobra earns an equity stake in Auspower: up to 38 per cent if it can deliver 200,000 customers.

Cobra has form in the door-knocking caper across 20 companies: it's been credited with signing up 6.5 million energy customers, while locally it is able to sign around 10,000-15,000 new punters per month.

(Cobra, incidentally, isn't listed partly because it values its privacy, which might strike householders around dinner time as somewhat ironic.)

In a Victorian pilot program over six weeks, Cobra managed to sign up 3000 customers for Auspower. On Monday night Cobra operatives started knocking on NSW doors.

Myatt describes 200,000 as a "conservative" target. Ultimately Auspower aims for a 400,000-strong business. It's not quite AGL or Origin territory, but is equal in size to Queensland utility Powerdirect.

Auspower has applied for retail licences in Queensland, where 1.6 million retail electricity customers and 150,000 gas accounts will be up for grabs. "We see ourselves getting a couple of hundred thousand of those," Myatt says.

The customer economics pan out as such: each one costs $100-$150 to acquire, but is worth $800-$1800 in future profits.

Merrill Lynch recently valued AGL customers at $930 per head, while AGL's recent takeover of Powerdirect valued the latter's customers at $1300 each.

Assuming a $1000-per-head valuation, Auspower would be worth $200 million if it attains the 200,000 target, which compares with its current market cap of $28 million. In the shorter term, Auspower projects an EBIT loss of $6.3 million for the year to June 30, 2007, improving to a $7.7 million profit in 2008-09.

We rate Auspower a SPECULATIVE BUY, partly on the strength of the Cobra tie-up, which means hundreds of sales agents roaming the streets on a given night. Some operators would be lucky to have a proprietary sales force of 50.

With the advent of a legally enforceable "do not call" register to deter telemarketers, the Cobra link becomes even more potent.

A key risk is a pricing reaction from the elephants, but this is unlikely as they cannot afford to discount across their vast customer base.

Auspower's management deserves special mention: Myatt was sales director of Energy Australia and head of TXU Australia's gas business, while two of the other top dudes hail from AGL.

In Queensland, EnergyOne has snuck under the radar already in that it services large electricity users (that is, annual power bills of more than $10,000) that are already contestible. This includes apartment blocks and shops that can be agglomerated to meet this threshold.

EnergyOne, overall, has focused on the small to mid-sized business sector, mainly in NSW and Queensland, and at last count had 8500 customers.

EnergyOne managed a first (December-half) profit of $830,000 on revenues of $14 million.

On this run rate, the company will need to re-energise itself to meet prospectus forecasts of a $1.88 million full-year profit on revenue of $36.6 million.

EnergyOne yesterday entered a self-imposed trading halt, most likely because of a pending capital raising.

EnergyOne's register is tied up with its chairman Ian Ferrier and his former Ferrier Hodgson chum, CEO Vaughan Busby. Other supporters include the ubiquitous Thorney Investments of Dick Pratt fame, which also features on the Auspower register.

Criterion rates EnergyOne a HOLD, at least until the trading halt is lifted on Thursday. It's probably worth buying, but we prefer Auspower.

Meanwhile, Jackgreen has discovered it's not easy being green, despite growing community interest in alternative power. Of course there's still a wide chasm between wanting to do the right thing and being willing to fork out more for green energy.

When Criterion last visited Jackgreen in December 2005, the stock was trading at 25c and the company had 10,000 customers. Back then, management targeted 25,000 by June last year and 100,000 by July this year.

Now, the stock's trading at 24c - it was double that price a year ago - and customer numbers stand at a mere 30,000.

Results wise, Jackgreen posted an interim loss of $1.5 million on revenues of $11.5 million. The loss was a quantum gain on the previous $3.32 million, but investors were underwhelmed.

Jackgreen attributed the slow customer acquisition to back office, systems and compliance issues and says it's now "significantly better placed to continue with a more aggressive growth path now that these issues have been addressed".

As with the others, Jackgreen plans to enter Queensland so we can factor in some upside there.

Brownie points, too, for Jackgreen's marketing ploy of distributing Al Gore's global warming horror movie to NSW schools. But for investors, An Inconvenient Truth is that Jackgreen needs to spring out of its box with some earnings and growth momentum.

We'll maintain a SPECULATIVE BUY - just.

The Australian accepts no responsibility for stock recommendations. Readers should contact a licensed financial adviser. The author does not hold shares in the companies mentioned.


also this was in 27th Mar 07 The Age...

http://www.theage.com.au/news/Business/Aus...4761433047.html

Australian Power & Gas switching on NSW

March 27, 2007 - 11:24AM

Energy provider Australian Power & Gas Company has started signing customers in New South Wales, after a phased roll-out of its business began in Victoria in February.

"New South Wales is an important market for Australian Power & Gas as the company expands on the east coast," chief executive James Myatt.

"We're delighted with the acceptance of our product suite in Victoria and were excited to begin offering New South Wales households a genuine choice in energy supply.

"Our business has already achieved excellent momentum and were on track to meet our target of 25,000 gas and electricity customer accounts by the end of June."

The next phase of the rollout will be in Queensland.

© 2007 AAP



  Forum: By Share Code

marwoode
Posted on: Mar 25 2007, 01:15 PM


Group: Member
Posts: 239

In reply to: pargolf on Saturday 24/03/07 03:10pm

hihi pargolf... I looked at the prospectus yesterday (I have two babies under 18 months so I don't get much spare time!) and I spotted that the new units rank equally, so your original question about the dist is valid indeed. Your point below about the make up of the dist is also one to consider if we ever get the 11c dist! I hope we do, and although I'd prefer no capital component, I won't be too grumpy once the cheque clears!! smile.gif

As for the complex nature of RRT, I think there is a bit of smoke & mirrors involved, and there is definitely lots of nasty risks lurking (as with any leveraged investment), but the funtamental investment strategy is sound (i.e. buying quality property with quality tenants on long leases with the borrowings matched to the leases).

One of the reasons I like RRT is because I know a very wealthly chap who buys his commercial property the same way as RRT (except without the financing component - he pays cash!) - he looks for high quality tenants on long leases because his basic premise is he can invest his cash in virtually riskless 10 year Govt Bonds at 6%, so any property investment must pay well above that to compensate him for the risk etc.

Ultimately I figure that RRT is a good investment provided the current economic sweet spot (albeit more tenuous than 3-4 years ago) keeps going. The big upside I see for RRT is if the Chinese start buying international property with their excess funds (estimated to be in excess of US$1 trillion now) in a style similar to the Japanese property buying binge of the 1980's. I figure the Western world hasn't had any decent inflation for a while, and a Chinese buy-up of assets could easily trigger 5-10% inflation in America, Europe, and Asia.

Incidentally, I have a crazy notion that longer term America is at risk of hyper-inflation given their enormous debt pile... time will tell... wacko.gif







  Forum: By Share Code

marwoode
Posted on: Mar 23 2007, 05:32 PM


Group: Member
Posts: 239

In reply to: pargolf on Friday 23/03/07 01:45pm

hihi pargolf... do the new units get the 11c distribution?

As I said before I'm fundamentally lazy so I haven't read the big prospectus thingy that jammed up my mailbox!!

I do however agree that if RRT are paying the 11c to the newly issued units it would seem to not make much sense... but then again, given the bulk of the new issue is going to the existing big holders, plus UBS & Credit Suisse (i.e. the bankers) there is a good chance they will get the 11c distribution - why? coz then the small shareholders like me (maybe you too - but I would never be that presumptuous) effectively are having our wealth stolen from under our nose coz presumably the pre-issue distribution would have been higher - maybe 15c or 20c? (sorry - still no calculator here so I can't work out the effective pre-issue distribution etc based on a post-issue distribution of 11c)

maybe that is a bit of a heavy conspiracy type thought, but lets face it, the big end of town always makes the money, and that money has to come from somewhere - and usually it is from the small mug investors like me!! blink.gif

whatever happens I just hope the GPT deal goes through based on the yields they have agreed to pay, coz with the Fed starting to lean towards easing rates, RRT might have scooped a bargain!! Having said that of course, if the US sub-prime wobble causes contagion in the rest of US real estate market, I hope the GPT deal fails!!!

basically I guess I'm saying I want the cake and I want to eat it too...

cheers Marwoode
p.s. I'm not trying to be argumentative or obnoxious, so I hope I don't come across that way
p.p.s. I might try and read that prospectus this weekend and get to Officeworks and buy a calculator!! wink.gif
  Forum: By Share Code

marwoode
Posted on: Mar 22 2007, 04:26 PM


Group: Member
Posts: 239

In reply to: pargolf on Friday 16/03/07 02:14pm

I'm not too bright... but won't the increased units on issue be matched out by the increased portfolio value? I don't own a calculator so I haven't done the maths on this, so if I am completely wrong I apologise in advance...

basically I'm a lazy sort of individual, so if anyone wants to expand on my rough theory they are more than welcome!

  Forum: By Share Code

marwoode
Posted on: Mar 16 2007, 08:09 AM


Group: Member
Posts: 239

In reply to: macrae on Thursday 08/03/07 03:21pm

hihi Macrae... I like this story too... Prof Masters has done some amazing work and if the trials deliver the necessary results it will be good news for AD sufferers and PBT shareholders! It should be an interesting year ahead... cheers
  Forum: By Share Code

marwoode
Posted on: Mar 14 2007, 08:34 AM


Group: Member
Posts: 239

GIven the Dow was down big last night, and Crude was off large, I'm sure no one is interested in buying a spec explorer like KAR today... however, I just wanted to throw this article into the pool of available information...

http://www.thewest.com.au/default.aspx?Men...ContentID=21879

King Karoon gets a mention in the last paragraph.

The thing about this article that frustrates me is that big US Oil & Gas firms are clearly a bit horny about the O&G prospects offshore NW West Australia (and are throwing some big $$$ at it), yet the investment community here seems to be mostly uninterested.

I'm not complaining as I'm picking up more KAR at cheaper levels than I was expecting 6-12 months out from a drill program... all I need now is for the Good Lord (or at least his minister for O&G?) to have placed substantial quantities of hydrocarbons in the KAR leases - especially where the drill goes in! biggrin.gif
  Forum: By Share Code

marwoode
Posted on: Feb 21 2007, 10:45 AM


Group: Member
Posts: 239

In reply to: andyw on Wednesday 21/02/07 10:36am

hihi andyw... I haven't got an envelope big enough!! biggrin.gif Suffice to say if Worley Parsons are happy, and ConocoPhillips are happy (I'm guessing as J/V partner they would have at least perused the Worley Parsons report & since KAR are referring to it, Conoco must agree with it?) then humble old me is happy too!

Seemingly the market is also happy as a bit of stock is being lifted this morning and I see some Johnnie-come-lately wants 250,000 @ $1.45 (when I last checked the order book anout 15 minutes ago)...

The recent sell-off was way overdone so hopefully King Karoon will snap back to a fairer valuation - albeit still a substantially undervalued valuation IMHO!!!

I would have thought with the monster potential these guys are chasing the sp should be approaching $5.00 before they spud the first well in the Browse - which according to the announcement could be in the 2nd half of this year...

Go the King!!! king.gif
  Forum: By Share Code

marwoode
Posted on: Feb 20 2007, 11:54 AM


Group: Member
Posts: 239

real nice announcement out from MIK today... it may indeed answer some of Agent Cooper's revenue questions? Either way, I think it is another very positive step down the road for MIK!!

interestingly it is again an American deal which highlights to me that the MIK RFID solution is a world leader... I still can't believe that this company only has a market cap of approx A$80 million...

it comes as no surprise to me that MIK does not attach a $$ value to this deal... I imagine they don't want to announce their profit margin (hopefully there is one!) to their buyer, or to their competitors... I'm happy to put my faith in the management team that they are doing their best for us humble shareholders...

having said that, I'll dump this puppy like a hot rock it it gets to $1.00 today!!! hahaha biggrin.gif

  Forum: By Share Code

marwoode
Posted on: Feb 8 2007, 11:29 PM


Group: Member
Posts: 239

I'm listening... just haven't got much to add... I'm a bit dissapointed with the Gippsland news, but since acquiring the Browse permits the Gippsland play has become a real sideshow for KAR... I still love this stock and wished I could have been buying more at $1.50... cheers Baz... smile.gif
  Forum: By Share Code

marwoode
Posted on: Feb 3 2007, 05:02 PM


Group: Member
Posts: 239

In reply to: AgentCooper on Saturday 03/02/07 03:48pm

AgentCooper said... "a stock that has risen from 8c to 46c on nothing"

Kind Sir... I've luckily been onboard MIK from $0.11 and I'm just wondering if you saw the announcement 13th Oct 2006 regarding "First Order in Global EVR Market"??? Also, did you happen to see that announcement 18th Aug 2006 about RFID sales to the "High Security US Government Agency"???

Could I perhaps humbly suggest you take a moment to review the trail of news items from last year? http://www.asx.com.au/asx/statistics/annou...ype=Y&year=2006

Having said all of the above I do of course acknowledge your comments about revenue... however, is it possible that some investors perhaps are interpreting the flow of what could be considered as very positive announcements as a harbinger of good things to come in relation to revenue and earnings?

Time will inevitably tell...
  Forum: By Share Code

marwoode
Posted on: Jan 27 2007, 01:19 PM


Group: Member
Posts: 239

In reply to: Bandit on Thursday 25/01/07 07:13pm

hi guys... I'm a little stunned at the ruthless sell-off in GBP... I didn't think there was so much success built into the shareprice? I understand it is not the best news, but given that GBP was fully carried it surely isn't that bad? I was planning to buy some more on the dip (I thought it could dip to $0.25 - $0.35) but was out playing golf on Thursday and was a little surprised when I saw how bad it been trashed. I guess the tone of the last GBP release indicates mgmt thinks it is a bit overdone too... Hopefully the deep discount is still there on Monday morning for me? unsure.gif
  Forum: By Share Code

marwoode
Posted on: Jan 9 2007, 06:45 AM


Group: Member
Posts: 239

In reply to: marwoode on Monday 08/01/07 10:41pm

the beginning of that second paragragh should read;

"there was a May 2005..."

apologies for the spurious "been" wacko.gif
  Forum: By Share Code

marwoode
Posted on: Jan 8 2007, 10:41 PM


Group: Member
Posts: 239

In reply to: moosey on Monday 08/01/07 05:04pm

Moosey... you are spot on about MIK I think! IMHO they are one of the best kept secrets on the ASX... when I first heard about MIK (at $0.08 not that long ago) I was mildly excited... then I did some research (that Google patent page is a ripper!) and I got the horn big time...

there was been a May 2005 US GAO report on RFID's, and security is listed as a major concern. < http://www.gao.gov/new.items/d05551.pdf > As far as I can tell, MIK is one of the only, if not the only, RFID company that has got security sorted to any large degree... there are a few US companies that are fiddling around with it looking for solutions, but it seems Aussie ingenuity has the jump on them all~!!! < http://www.rfid-weblog.com/50226711/mikohs...or_security.php >

Further, the Aug 2006 MIK announcement about getting an order from a "High Security US Government Agency" < http://www.mikoh.com/Downloads/SHI/18.8.06DoD_S&SOrder.pdf > would appear to suggest that MIK are either being seriously evaluated, or are already recognised as solving the security issue.

As for the chance of a takeover, it seems very real to me as it isn't hard to imagine that they are being eyed by a few competitors after snagging the aforementioned order. What has surprised me is the speed of the move up in the last few weeks... perhaps someone is already starting a lunge at them??? Time will tell...

Go Mighty Mikoh!!! lmaosmiley.gif
  Forum: By Share Code

marwoode
Posted on: Jan 2 2007, 02:12 PM


Group: Member
Posts: 239

In reply to: moosey on Tuesday 02/01/07 12:46pm

Hello Moosey... Happy New Year to you sir... I must say I'm very happy with the move on MIK - I have liked this stock for a while now and have put a few punters into it... so far so good! The especially good news is that the company appeared to be cashed up and ready to go for 2007 after getting that placement sorted before Xmas... from what I can gather their cashburn rate would suggest they won't be back for funds for quite some time, and if a few chunky orders arrive, they will be looking very good indeed!

My fingers are crossed! smile.gif

cheers
  Forum: By Share Code

marwoode
Posted on: Dec 26 2006, 11:13 AM


Group: Member
Posts: 239

In reply to: nash on Thursday 21/12/06 09:30am

hihi Nash... sadly it didn't surprise me to see RMI get dumped a bit... it appears to have been a classic case of "buy the rumour - sell the news"

RMI had been running up on no news (so presumably rumours), then when the news finally came out it appeared to be a good announcement to people like you and I (i.e. uninformed shareholders) but the dudes who had driven it up obviously saw it as their opportunity to lock in profits and clear out...

it sort of makes a mockery of the insider trading rules, but sadly it appears a lot of business gets done in Australia gets done this way... perhaps this is one of the reasons why Australia is constantly ranked poorly on the worldwide corruption ladder?

in fairness though, the whole Chinese walls approach to corporate activity is exceedingly hard to maintain, and presumably monitor... I just hope if one day I am every lucky enough to be in receipt of quality information (which is unlikely) and I make truckloads of cash on it, I pray that ASIC is still content to turn a blind eye!! biggrin.gif

Merry Xmas to you all and have a Happy New Year!
  Forum: By Share Code

marwoode
Posted on: Dec 20 2006, 03:35 PM


Group: Member
Posts: 239

the rumour was right... Redstone JV... nice one RMI smile.gif

  Forum: By Share Code

marwoode
Posted on: Dec 18 2006, 10:51 AM


Group: Member
Posts: 239

Article from The Age today...

Barry FitGerald
December 18, 2006

ORIGINALLY floated as a Victorian coal seam gas hopeful, Bob Hosking's Karoon Gas has gone on to make a name for itself as a big-time liquefied natural gas player on the strength of its Browse Basin interests offshore Western Australia.

That big-time potential is reflected in the group's $1.91 share price. That compares with the June 2004 float price of 20¢.

ConocoPhillips is now making things happen in the Browse in its joint venture with Karoon, giving Karoon the chance to revisit its Victorian exploration acreage.

As luck would have it, Karoon intersected a 10-metre (gross) oil-bearing zone when it drilled Megascolides-1 as a coal seam gas well in December 2004, in its west Gippsland onshore permit PEP 162.

The offshore Gippsland Basin is home to the once mighty Bass Strait oil and gas fields. But the onshore one-third portion has never produced a commercial oilfield.

Karoon is hoping that Megascolides can change that. It is now re-drilling the well with the right equipment on hand to test the oil zone.

Another two wells will follow, one on the crest of the Megascolides structure about one kilometre away, and the Raniformis target, some five kilometres to the west.

Any commercial find won't be like the monster oilfields found in Bass Strait. But with the potential for a couple of million barrels here and there, any finds could be a nice earner for Karoon while it waits for its Browse Basin play to come to fruition.

What's more, a commercial find in any of the wells will open up a new oil production fairway in the Gippsland Basin.

http://www.theage.com.au/news/business/can...098.html?page=2

Go the King! king.gif

  Forum: By Share Code

2 Pages (Click to Jump) V   1 2 >

Cant find what you are looking for? Show all active topics from the last 3 months


New Posts  New Replies
No New Posts  No New Replies
Hot topic  Hot Topic (New)
No new  Hot Topic (No New)



TERMS OF USE  -  CONTACT ADMIN  -  ADVERTISING