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mercury
Posted on: Aug 6 2018, 09:05 PM


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Posts: 2,621

Metastock I like(d)....haven't used it for awhile.You need the software first (not sure what they charge these days...maybe you can tell me in your reply)But then you need daily data for the charting software (Metastock) which can be purchased from vaious companies.I used to use Paritech.
  Forum: Investment Discussion

mercury
Posted on: May 21 2018, 02:48 PM


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we should all be so lucky
  Forum: Off Topic Chat

mercury
Posted on: Dec 19 2016, 07:32 AM


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Theoretical ex-rights was 2.54...how did someone arrive at that number? thanks Mercury
  Forum: By Share Code

mercury
Posted on: Sep 19 2016, 06:21 AM


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LOOKING FOR THE BEST ONLINE TRADING FEES.

THEY USED TO BE better...but over past couple of years I have seen remarkable changes. Maybe because there isn't so much competition anymore???

comsec wants .12% for trades over 25000$.

Now why would a trade of $90,000 cost $108 brokerage (@.12%)

when the computer work is the same for 10,000 as 100,000$?




who has a better broker out there? thanks

Mercury


  Forum: Investment Discussion

mercury
Posted on: May 20 2016, 03:56 AM


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Posts: 2,621

Hello Frodo,

I was looking at posts and saw SIE and thought I would see what people were saying...Saw your post and thought I would write something. Years ago I saw a takeover offer for SEI. Almost all the shares were transferred over to a Polish company, and those holding could sell out at the takeover offer, or switch to the Polish Company...which I did. The shenanigans that occurred there were quite astonishing....with wild manipulation to entice Europeans to buy the stock.....Australians who kept their shares, and there weren't many, were no longer informed of announcements , and it was only thru contact with a Polish broker that I found out what was going on...

I no longer trust anything that SIE are involved with. If , and I say ""IF"" I were to buy this company's stock it would be purely on a charting basis which told me that something was afoot. But there will never be a lot of shares to buy....there just aren't many holders left I would guess. However, things may have changed...but I can't see how. Control is in Poland.

(As I recall the Israeli, who was the major shareholder, and was involved in the Diabetes formula....did not sell his shares when PolishControl occurred, and it was my belief that he was staying in as part of the manipulation....And so I stayed in too. It was the biggest win I have ever had...but I wouldn't trust those directors at all..not at all...Just my thoughts )

  Forum: By Share Code

mercury
Posted on: Mar 3 2016, 05:15 PM


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Have been watching QUR from time to time. Seems to me that there is a chance that some very good news is in the pipeline...or they will have trouble raising the funds at this low price. Wait and see. A lot of tech companies doing OK these days.
  Forum: By Share Code

mercury
Posted on: Mar 2 2016, 01:34 PM


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Glad to be NOT in this one. Will the banks pull the pin? something has to give...and it seems like it is giving now. Falling into a hole.

What chances does the company have of surviving....any bankers out there with a thought?


  Forum: By Share Code

mercury
Posted on: Feb 10 2016, 04:39 PM


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SORRY ....DIDN'T NOTE THE DATE.
  Forum: By Share Code

mercury
Posted on: Feb 10 2016, 03:14 AM


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that 20% will be from PV and affiliates......can't see anyone in their right mind investing now with nickel prices as they are....and grades as found so far.


  Forum: By Share Code

mercury
Posted on: Feb 8 2016, 07:09 AM


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MGX is holding its own....EB don't know why you would put MGX in the same bag as AGO.

Can you illucidate a bit?

thanks


  Forum: By Share Code

mercury
Posted on: Jan 30 2016, 07:02 AM


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so if China were to devalue, as they seem to be doing already, it is for the purpose of selling more of their goods to other countries.

This is turn makes manufacturing in Australia and America and other countries less competitive with China.

does this mean that our money will move further down , or only that it is harder to compete with the YUAN.?




Should Australia be worried?


  Forum: Investment Discussion

mercury
Posted on: Dec 26 2015, 05:22 AM


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Low volume trading (and only a couple days before Xmas at that).....but the SP has made a move that would NORMALLY be of interest...but the low volume is a concern. Having had two recent CR's it is not likely to have another soon (if ever) but the desire to taek profit and even free carry for some, may be high enough to subdue the SP . There will be a lot of persons who will score big as this company moves forward. the promise of quick production, (and the phantom of James Bay beckoning)...may be enough to propel this stock to higher levels in quicksmart time.

Having looked at the SP and its breakout, one would have to think that people are in no hurry to sell........it isn't like there is a iceberg of sellers .....




GXY has a lower price target....yet it has more irons in the fire (at present) than GMM. The possibility that its brine production could move ahead sooner than later is something that will have lithium price watchers considering. Should any news come out about early production or a buyer for future production, and I would expect that the 16 ct target price might be right fairly quickly...and perhaps even beyond. The number of shares out there does not make that easy....yet considering the volume traded recently, and some investors names bandied about, it could be a tug of war between those who have great expectations and those who think GXY has risen too far too fast.

The men behind GMM are certainly confident in their company.....and their recent CR was just enough and no more to get their production rolling. They don't want to dilute their holdings any more than necessary...as they have their sights set on the future , rather than just their director and management pay cheques....




Welll. that is my opinion....


  Forum: By Share Code

mercury
Posted on: Dec 22 2015, 03:39 AM


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They did mention another CR...question is....will they manipulate it to run up so as to get a better price....or just raise at 5cts? (or something like that)
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mercury
Posted on: Dec 10 2015, 10:20 PM


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thanks for that Arty.

Anyone out there using a margin loan account ...???...and what are their thoughts about their provider.?

At present I use Leveraged equities but never get myself into strife as a result of using the margin loan to excess. As a result the company (leveraged equities) has decided that their income is not enough from me. Instead of a 20000$ loan or more over a year, they seldom get much interest from me. As such, they have decided to get monies from me by charging a $5 fee for each transaction I make unless I take out and keep a minimum balance of 20000$ in margin loans.

does anyone out there use a margin loan account that does not have such fees (at present)?




I note that Macquarrie charges a200$ fee if a margin loan is paid out within 4 months of starting. I often pay out my loans...ASAP....as I trade quite regularly and the loans frequently are paid back on those stocks which are allowed margin lending.

Any input, as I decide what direction to go (or to stay ) would be appreciated.

Mercury


  Forum: Investment Discussion

mercury
Posted on: Dec 10 2015, 07:43 AM


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Triage suggested that persons can be caught out by a collapse of a broker such as BBY.

just the stocks bought and sold during the T+3 window are at risk...is that correct?

  Forum: Investment Discussion

mercury
Posted on: Nov 17 2015, 06:11 AM


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this is very good news .... but one must realize that the 100% survival rate is limited (at this time) to 60 days.
Just the same, that is better than any other results from other companys' products.

I am no expert, but if this 60 days is extended to years, then this company's share are going to be worth much much more.

Holders will be thinking of this and one will see further announcements in the future regarding trials and results.
  Forum: By Share Code

mercury
Posted on: Oct 26 2015, 04:52 AM


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From Arties post in February to Now....things have not really changed much, except that the deal is not 100% for GMM but 50% plus a share of the Canadian Lithium project at James Bay . There are other details too.
James Bay is not easy to get too if my geography is correct ....few roads. So fly in sort of stuff. And maybe in the winter snow/ice roads can be ploughed thru. That is in the future....when the money from the Australian mine brings about cash for further progress. There are, of course, many Lithium hopefuls now....and the future is certainly....not a certainty for James Bay.
STill...GMM should be at a higher price come 2016 ....But you're right Fotios is no dummy. Got himself 6 million shares for .008cts each.

Merc
  Forum: By Share Code

mercury
Posted on: Oct 20 2015, 03:30 AM


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If one goes back a bit, the price of the stock went down drastically when that bigger company basically took control.
How they wield their weight is a key ingredient to the use of the products.
But shareprices are often moved by perception and broker reports. These reports can give some big wins, and then the SP could drop again.
One to watch.
  Forum: By Share Code

mercury
Posted on: Oct 20 2015, 03:27 AM


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from the reading I have done, the research is top notch. But the company seems to be under the thumb of others who have bankrolled it. And it is almost as if this is a company that is in conflict with itself. Like an automotive maker that must move along with technology , thus dinosauring its own money making products.....by replacing it with its new products.
This is a hard thing to do. Losses of jobs, and shaking up the status quo. Especially when you have friends in high places and they would be affected by your revolutionary products. Friends are important.
Timing must be right for introduction of such products.
I can see huge changes for the world in the near future, and Dyesol's research could very well be a big part of it.
But I don't hold.
Merc
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mercury
Posted on: Oct 20 2015, 03:06 AM


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very low volume, but any positive announcement would see it move quickly.
Melua will be laughing right now. Doubled his money already.
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mercury
Posted on: Oct 20 2015, 03:00 AM


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judging by the posts for this stock, MZI is NOT on everybody's favorite list....and there are good reasons why. The stock has dropped to a very low price and with lots of shares (now consolidated) and one of those companies that likes to take advantage of a good track, showed up with investing money with high interest payments and lots of clauses (I don't know what they all were) to make sure they had a good chance of pulling off a big win should the company get into the winning circle.
Well the winning circle is in view and they are taking advantage of their clauses to get shares at a low price.

There might be a few investors / traders on this forum who may have some interest in this company, and I would like to hear their views. I had money in this one long ago.
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mercury
Posted on: Sep 24 2015, 01:09 PM


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mercury
Posted on: Sep 10 2015, 06:59 PM


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Coles and Woolies and Costco and Aldi I can see doing great compared to Metcash. And selling the golden goose (car parts and accessories) was desperation.

Aldi tries to make its own stuff. Recently I asked about a couple of products that disappeared from their shelf. I was told that they were making their own product to displace the one that was there. (Aldi does not give much selection in many products there is only one to choose from....often it is theirs....and the margin is good I would think, and they can easily undercut IGA) . I can certainly see Aldi succeeding well.


aldi are smart operators. And they don't have shareholders ..... so are beholden to no one...




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mercury
Posted on: Aug 30 2015, 09:41 AM


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what is this current 1cts per share idea? Sorry to barge in on the thread, but I was just looking at BIO stocks.
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mercury
Posted on: Jul 31 2015, 07:18 PM


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other working capital????? 1.6 millions. What is that for ...holiday junkets?
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mercury
Posted on: Jul 29 2015, 08:24 AM


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THANKS...MY THANKS BUTTON NEVER WORKS.....SO THANKS
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mercury
Posted on: Jul 29 2015, 03:05 AM


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Are you suggesting that PW is about to get his marching orders? Or are you suggesting that whoever dumped their shares has no more faith in the future.?
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mercury
Posted on: Jul 21 2015, 11:32 AM


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what is the difference between ASIC and AIC?

merc


  Forum: Macro Factors

mercury
Posted on: Jul 6 2015, 02:24 PM


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lucky you to have a few shares. Most people sold them when the takeover occurred. Not many left in Australia. Not sure why it is even listed here.
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mercury
Posted on: Jun 25 2015, 11:43 AM


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Interesting that you mentioned me in your post, as it was a long time ago. I am not as up beat about PEN as I would like to be, and as I was some time ago. I do, however, kick myself for not buying more when it was at 1.8 cts.

To be hones, I am still wondering if PEN can make a go of it. Their contracts at present are NOT enough for the first stage ...and they are banking on more contracts....but that has not arrived yet.. ... and the price of uranium , although it has increased, ...is not where PEN or any other producer finds them rolling in profit. At 29$ per pound costs for PEn , they are lucky to be in a low cost position. However Karoo , I don't believe is nearly so low cost. Perhaps Kiril can update me on this , as I haven't followed the karoo project much.

I was hapy to see that the project was able to progress with the new idea of building in stages. Made sense given the world uranium situation and the amounts of money required to build. However, my notes are not up to date, "what is necessary for the 2nd stage of the project to go forward? ... income from the 1st stage? would there be an alternative source of funding , if the big boys backing this project saw a bright future?

for long termers, the recent spike has been a great relief.....and brings new hope. but with the big boys supporting the game....it is looking good.




merc


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mercury
Posted on: Jun 11 2015, 08:51 AM


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I also took note of the 6 -12 month suspension then another drill....not being an oil whiz , may I ask if anyone knows why this is? Are they trying to understand the pressures?
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mercury
Posted on: Jun 5 2015, 06:05 PM


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I can't make heads or tails on today's action. early on someone takes some big bite at .003 and then that is followed by a huge sell down at .002 when no one has sold that many at .002 for a long time. It doesn't make sense. you see some big bite at .003 and then you sell for 33% less?

But I do concur, that these shells are easier to get off the ground than a new listing. Funny time to do it....at the end of the financial year, or does someone think that could be beneficial.?

merc


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mercury
Posted on: May 3 2015, 09:49 AM


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mY THANKS BUTTON DOESN'T WORK...SO THANKS TO ALL AND ANYONE ELSE WHO has info on this .

Merc


  Forum: Macro Factors

mercury
Posted on: May 2 2015, 07:44 AM


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Tks for both of your replies. I have never shorted a stock. But I was just wondering if someone knew what would happen to those who did and administration occurred.

Personally, I think AGO is screwed...but their mine may be bought .

FMG I think is in a financially difficult position...and it made me wonder again. So I threw the question out there. Thanks again for your thoughts.

Anybody out there actually been in such a situation ? and how did it proceed for you?

Merc


  Forum: Macro Factors

mercury
Posted on: May 1 2015, 02:22 AM


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Question

Those persons who SHORT a company.....ie: AGO

if the company goes into liquidation/administration...... what is the position of the shorter?

They can't return the shares they have sold....? Have they shafted themselves?


  Forum: Macro Factors

mercury
Posted on: Apr 29 2015, 09:18 AM


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I was under the impression that you thought it was a nice shell WITH diamond Joe....?????

merc


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mercury
Posted on: Apr 28 2015, 10:54 AM


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Yes ..they could say NO that's it. we've done the 4 million dollars worth and now we just want to shut up shop.

Yes most likely want BML's ore....question is whether or not they want to buy BML's 30% or just let BML take the profits from their share?

Merc


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mercury
Posted on: Apr 28 2015, 10:22 AM


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What is the take on these figures.? I remember that someone was hoping for a 1% NI equivalent. Would the copper and cobalt give such an equivalent.?

This is only inferred results....which is not a great help to SP.

Merc


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mercury
Posted on: Apr 28 2015, 10:06 AM


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TON don't have to issue the whole 100 million $ at 50cts....they can try to drive the shareprice up...(don't know how) and issue some shares at a higher price.

I would suppose they would want to do this to have less dilution...but how?

merc


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mercury
Posted on: Mar 30 2015, 09:30 AM


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who is dumping and why?

Is the oil service industry going along that badly?




Merc


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mercury
Posted on: Mar 21 2015, 06:45 AM


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Looks like 40cts is a very strong base now....

I wonder if sophisticated buyers will be looking for high growth SP or playing the traders game.?


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mercury
Posted on: Mar 21 2015, 06:43 AM


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Somebody elsewhere suggested all this volume was do to SMSF being able to legally put shares in their funds. Any ideas about this ?

This behaviour in volume was seen in many stocks that had been removed or added from the ASX 300


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mercury
Posted on: Mar 16 2015, 10:51 AM


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I expected a capital raising but not at this price.....NOT happy. angry.gif
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mercury
Posted on: Mar 16 2015, 10:32 AM


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FOB price of IO is $41 US....however, I doubt very much the price of IO will rise to 70$ in the next few years. doubt it very much.
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mercury
Posted on: Mar 16 2015, 10:21 AM


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yes I should write things down more often. I have a binder with info....but not always up to date.

thanks for your thoughts....and yours too Melua.




Merc


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mercury
Posted on: Mar 15 2015, 07:16 PM


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Maybe you are correct about share price...but mark my words...there is big money in medical Grass. Very big. My brother had cancer and was awarded the ability to buy grass by his oncologist in Canada. The price is the same as on the street...high high high. And he bought.

Mostly because he likes a toot now and then, not for the pain....and this is quality stuff.


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mercury
Posted on: Mar 12 2015, 12:29 PM


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TAW is sinking slowing with the price of IO.

But I do seem to remember that there was information that TAW , once up and running , could produce a high value concentrate for 22$ per tonne (my memory is failing me). Now if that is true, some one to confirm it would be nice.

The price is getting low enough to be very tempting indeed if TAW can truly project truthfully such figures.


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mercury
Posted on: Feb 18 2015, 08:36 AM


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Just looking back on a few laughs and had to do some research on that one Balance. Very good.
  Forum: Off Topic Chat

mercury
Posted on: Feb 16 2015, 08:46 AM


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PRU came out with an ann. that stated they have NO DEBT.....other than creditors and accruals.

Well....that is debt ...is it not?

OK OK creditors are paid weekly, monthly , etc.....but the ann also states that net assets are 534 million and that assets are greater than liabilities by 125 million??????? That means liabilities are 400 million. NO DEBT???

I am not an accountant....but some of you out there are more knowledgeable than I. Care to share ....and perhaps explain this ann. for me. Would be much appreciated.

thanks

Merc


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mercury
Posted on: Jan 31 2015, 03:52 PM


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HAHAHA ON SCHEDULE....Sorry just a bit of a laugh.....yes seems schedule (the latest one) maybe kept. But previous promises and timelines are so far out, as to make this stock one for very very long term investors who have seen multiple dilutions and stock ups and downs within a zone between 1.8 (latest) and 3.8 cts.

Good for traders ...bad for investors.

So now is the time to invest????? Kiril???? Yes you could be right about timing....or maybe wrong.

BTW I have a few purchased recently ...but not many....looking for some real volume. With 5 billion shares issued large volume is needed for some major move. But getting set at 2 cts seems reasonable. Give uranium a year to get some price increase and we may have a 'GOER' .

aS FOR THE SUGGESTION ROSS THAT IT COULD GO TO 10'S RATHER THAN x'S OR %. nOT SURE WHAT YOU MEAN BY10'S Are yousuggesting 'teens'?

I am sure you have kept an eye on PEN ....Ross....wasn't laughing at you....just the idea that a schedule may be kept. Depends on the anticipated appeal of the decision. Like BRL the greenies don't quit easily.




Merc


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mercury
Posted on: Jan 18 2015, 10:22 AM


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The problem with far is 2 fold.

1) price of oil has everyone spooked

2) no matter how the oil play is commercialized (assuming it will be) ....it won't produce for several years.




So, unless news is expected, the price is not going to rise significantly.




If it starts rising along with significant volume, then , in my opinion, it will mean that something is going to be announced.




of course....out of the blue....anything could happen... The patient SHOULD be rewarded.




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mercury
Posted on: Jan 14 2015, 01:03 PM


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Yes I saw that the money to the buyer of Galoc was not mentioned as an additional piece of info. to the general public. ...just to keep everybody on track. Seems that the stock is not really undervalued by much as present day share price.

What we really need is another buyer, and that is most unlikely given the POO.

What I would like is a dividend with some franking credits. Surely this company has a few handfuls of franking credits.




Thanks for your follow up info. Not much changed from 3 months ago....and the company still has other assets, though I have no idea of their worth in today's climate.










Merc


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mercury
Posted on: Jan 14 2015, 06:51 AM


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Brierly,

How did you arrive at 10cps cash post sale adjustments.....??? ..like to see your calcs.

thanks

Merc


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mercury
Posted on: Jan 5 2015, 10:35 AM


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Melua,

As you consider the MC of Syria far too high , and the value of CSE 's SYR shares would be lower than 23cts should the price of SYR go to $1.50.....how do you view CSE now? Do you even still hold them?




Thanks

Merc


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mercury
Posted on: Dec 24 2014, 10:54 AM


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Obviously the 'powers that be' want America to stay powerful. They have manipulated their holdings nicely, and continue to do so.




Now here is a country that just printed a few trillion dollars, and the world is supposed to (and does) acknowledge them (the dollars) as being legit. What a rort. Meanwhile , countries that did not print money are left to lick their wounds.....which doesn't seem to help

JMO




Merc


  Forum: Macro Factors

mercury
Posted on: Dec 23 2014, 12:10 AM


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Me neither hahaha. But that is why my first question was whether or not it was recorded in Sweden.

Looked up the person, and find that she is 24 years old....which makes sense...she looks a bit older than 11.

As for your daughter....?....wonderful.




Merc


  Forum: Off Topic Chat

mercury
Posted on: Dec 22 2014, 04:26 PM


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https://www.youtube.com/watch?v=OpufaPBws3I




that's the first one I got....




Merc


  Forum: Off Topic Chat

mercury
Posted on: Dec 22 2014, 04:22 PM


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something funny going on.

Claude ..... did you change the utube URL?




I got a blonde girl singing the first time

Now I get a brunette with braces




both very nice.




Merc


  Forum: Off Topic Chat

mercury
Posted on: Dec 20 2014, 05:35 PM


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it seems that there are a few that think that IO will come back. Well it will never leave. Only the low price will remain. AGO might get taken over. Might but they still have some money. How long will it last?

Merc


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mercury
Posted on: Dec 19 2014, 07:05 PM


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11? very mature sound and girl looks mature too, and no doubt is for her age.

Was this recorded in Sweden?




Merc


  Forum: Off Topic Chat

mercury
Posted on: Dec 17 2014, 03:20 AM


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when a director or manager buys 100 thousand $ worth then I think.

When they buy 15 thousand worth then my thinking is that that is not even a month's wages. doesn't really impress me.

merc


  Forum: By Share Code

mercury
Posted on: Dec 6 2014, 03:57 AM


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looking again at the ASX shorted stocks and their numbers and % of issued shares shorted...I have to ask myself how accurate th list is.

NOT one stock shorted with issued shares above 1 %. NOT ONE. That doesn't seem right. Am I missing something MISTA, OPTIONSMAN??

thanks

merc


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mercury
Posted on: Dec 6 2014, 03:52 AM


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There was a lot of talk about BDR being shorted on HC. Some posters really kept on mentioning it, as a factor keeping the price low. Well, those shorters have mostly disappeared now....wit only 0.13% of the shares on the short list.

I guess when a stock gets this low....not many people willing to chance it going lower.


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mercury
Posted on: Dec 4 2014, 04:59 PM


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Thanks Mistagear....

FAR and CVN in the same boat where sentiment is concerned. However, CVN should have a news ann. this month that will ? / should propel the sentiment even more positively. Some here will be waiting for that. Did see some big purchases today also.


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mercury
Posted on: Dec 3 2014, 02:12 PM


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You wrote ""BCL have agreed to the off-take of any ore mined"" but of course we are in absolutely no doubt that they will use BML's ore (if it is compatible...which it seems to be .....or they wouldn't continue drilling methinks) and not thestuff from SA....(ormaybe both?)

I don't need to be convinced. I was just wondering.




  Forum: By Share Code

mercury
Posted on: Dec 3 2014, 08:23 AM


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Posts: 2,621

At one time I wrote in my note book (from someone else's words....)that 10 million Tonnes @ 1% ni would equate to 100,000 tonnes of nickel concentrate with a market value of 2 billion. Now, re-reading my notes, I see that that figure of 2 million must have been based on a concentrate value of 20,000$ per tonne of concentrate, which is much higher than what could be got today.

Can anybody tell me what a tonne of 'concentrate' is commanding in today's nickel climate. ?

Personally, I agree that BML's ground will be mined. But the LME stockpile of nickel at present seems high , and the price of nickel may well drop. Just the same, today, the price of concentrate? thanks

Merc


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mercury
Posted on: Dec 3 2014, 08:15 AM


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I have another question which probably is stupid, as there are many variables.

If the oil is light (ish) and the permeability is good (and I don't know what good permeability would be) and using today's oil prices,

I am wondering what would a person consider to be the lower limit of the price of oil to determine commerciality?

I am quite out of my depth here, and I am saying to myself, that these are ridiculous questions, as they cannot be answered with much precision. Just the same, I will throw them out there, as there may be a tidbit of info that will filter through, that is useful to know or at least to think about.

Merc

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mercury
Posted on: Dec 3 2014, 08:00 AM


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I have little knowledge of oil analysis.

Reading up on darcys....I see that .oo1 darcy is 1md.

Can you inform us as to what is a good reading for petroleum where light oil is found ? and for Heavy oil?

thanks

INTERESTED


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mercury
Posted on: Dec 1 2014, 09:36 PM


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Well that would be nice for everyone in Botswana.

And my options.


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mercury
Posted on: Dec 1 2014, 09:33 AM


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No doubt you are right. But when I spoke to another representative of another company that was going to the meetings in England...they sounded positively looking foreward to it. Take that as one wants....I see travel as always a pleasure. But then that, in part, is because I am not getting enough travel. haha

merc


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mercury
Posted on: Nov 30 2014, 11:03 AM


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wasn't there some estimations about when that info was supposed to be available.? At least in Australia one can count on things being relatively close to being on time.
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mercury
Posted on: Nov 30 2014, 11:00 AM


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OK...that is the information I was curious about.

Wouldn't mind being on that junket myself.....although this isn't the best time of year to be in England.....what the heck a holiday is a holiday.

rolleyes.gif


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mercury
Posted on: Nov 30 2014, 07:54 AM


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mines and money conference in London costs money to send representatives. Without making it sound negative, I realize that these industry meetings are important for various reasons, but does BML have the money to handle such expenses without a CR in the near future? or do they have some other measures that they mentioned at the AGM.?

Merc


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mercury
Posted on: Nov 26 2014, 07:06 AM


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I read that DEC 2 the tenders would be in. (how many...one doesn't know) (how high is anyone's guess, but the present price suggests that most people DON'T think it will be above 27cents) A 25ct number has already been proposed....so an extra 2 cts would be 52 million dollars extra. That is big money to me...but maybe not quite so much to those interested.




merc


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mercury
Posted on: Nov 26 2014, 07:03 AM


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I asked myself....if the big boys are accumulating, then who is doing the selling? moms a dads arguably, but they don't have 100s of thousands of shares. Super funds....perhaps....but I thought they would be looking for long term ...not easy 10%.

So what is the plan? I find it fascinating to think how it must be to be a trader for a big institution. I feel certain they are given orders by their superiors, on how to play the game.

thoughts? Just bandy a few ideas?

merc


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mercury
Posted on: Nov 26 2014, 06:58 AM


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Has this encouraged you to buy back in. ?

sometime ago you said you had sold out, and said the share price was too high at that time (around 5$) given there was no offtake agreement.

And now?


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mercury
Posted on: Nov 19 2014, 02:21 AM


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After reading your article, I am reminded that missions can be very helpful . No work no money. TAW may be given a lot of fast track help to get up and running and bring work to the nation.




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mercury
Posted on: Nov 12 2014, 10:53 PM


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THANKS jUKE

That 4% can be a lot in today's competitive IO world.

I was thinking about those companies who sell a concentrate as opposed to DSO....and I wondered about a certain company being able to compete with DSO shippers Production cost-wise.
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mercury
Posted on: Nov 12 2014, 05:48 PM


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WREN....with that 465 million are they sitting pretty. or is there further deterioration possible?

I think I read that the general feeling is negative. But perhaps the millions limit the damage.?
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mercury
Posted on: Nov 12 2014, 10:30 AM


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thanks for looking. I hear it can be found on LME website...but I don't have a subscription
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mercury
Posted on: Nov 12 2014, 04:22 AM


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any body know the selling prices for
a dry metric tonne of 62% as opposed to a wet metric tonne of 62%?

thanks
merc
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mercury
Posted on: Nov 12 2014, 04:21 AM


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any body know the selling prices for
a dry metric tonne of 62% as opposed to a wet metric tonne of 62%?

thanks
Merc
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mercury
Posted on: Nov 12 2014, 04:13 AM


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any body know the selling prices for
a dry metric tonne of 62% as opposed to a wet metric tonne of 62%?

thanks
Merc
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mercury
Posted on: Nov 7 2014, 07:20 AM


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old news

Update: African Minerals Might Benefit From The Marampa Acquisition By Its Chairman Nov. 3, 2014 9:41 AM ET | About: African Minerals Ltd. (AMLZF),

Disclosure: The author has no plans to initiate any positions within the next 72 hours. The author wrote this article themselves, and it expresses their own opinions. The author is not receiving compensation for it (other than from Seeking Alpha). The author has no business relationship with any company whose stock is mentioned in this article. (More...)<H2 class=title>Summary</H2>
  • African Minerals’ chairman has successfully acquired the assets of London Mining and is now negotiating rail access.
  • This could be a positive surprise, as the Marampa ore has a higher average grade than the Tonkolili ore, and a blend of both products could create additional value.
  • The investment thesis doesn’t change, African Minerals isn’t making any money at the current iron ore price.
The London Mining (OTC:LIIGF) story is continuing, as African Minerals (OTCPK:AMLZF) has now confirmed its chairman Vasile F. Timis has acquired the Marampa iron ore mine in Sierra Leone from the administrator which was appointed by London Mining. As African Minerals decided not to pursue the acquisition, it gave its chairman the green light to try to secure the asset on his own with Timis Mining, and he seems to have succeeded.

Both companies will now negotiate the possibility to use Tonkolili's rail facilities for a production rate of 6 million tonnes per year. As Timis is African Minerals' chairman and largest shareholder, one can be sure this deal will effectively happen. It's also looking at the possibility to blend the ore from London Mining (which has an average grade of 65%Fe) with its own DSO (58%Fe) to end up with an end-product meeting the benchmark grade of 62%Fe. As the premium for 65% Fe is much lower than the discount for 58%Fe, a blend of both products should result in a better price per tonne compared to the sales prices for the two separate end-products. I think a blend could have a positive impact of approximately $2-3/t on the sales price of the Tonkolili-Marampa blend. Additionally, this additional production could allow African Minerals to explore selling iron ore to Europe as that would reduce its shipping cost per tonne.

Shareholders should have no doubt that some kind of agreement will be made with Timis Mining, and can only hope that the outcome of the negotiations will be fair. It's obvious that African Minerals had to do something to generate more cash flow as at the current iron ore price the company doesn't seem to be making any money at all. I'm looking forward to see the deal between African Minerals and its chairman being finalized to see the final impact on the cash flow statements....unquote

CFE is clearly the winner here. (IMO) ... with 6 million tonnes to be shipped......However, will it be shipped.?? (seems so).... Will previous buyers contracts migrate now that company (London Mining) has been taken over by Timis? (I'm guessing Timis will flog off/ or let slide into oblivioun those assets he doesn't want to continue to fund. But Tony Sage will be there assisting....they work together well it seems (for mutual gain, ...shareholders just tag along))
If so then the 6 million tonnes will get shipped...and CFE will get 12 million per year for 4 years. (at 2$ per ton)= 48 million $ income over 4 years...and possibly other negotiations subsequently.

But the price of IO must be such that African Minerals can make money or they will go under, and then who has control of port and rail facilities.?
Questions questions questions. Certainly the shareprice is a reflection of this.

Still, all systems are still go....and the 2 ct dividend in February is still a 16.6% return (plus franking credits of 100%) that is a given.
I for one will take it. And CFE have stated that a royalty from Timis will be forthcoming in the next 3 months. If that happens as stated, well, that would be a very positive sign.

what I am not happy about is the raise in pay that T. Sage is suggesting for himself and his directors....substantial increases. that are not necessary given they have plenty of shares for receiving dividends.

Disclosure I have shares in this company

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mercury
Posted on: Nov 7 2014, 05:36 AM


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Early Birds..you mention that China is trying to clean their air. yes But I don't think this is a factor in IO pricing.
Just my humble opinion.
(but as an aside, ....I find it interesting that the Chinese are ramping up their efforts to control their carbon emissions...unlike Mr. Abbott who is a firm believer that god will make it right.)
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mercury
Posted on: Nov 6 2014, 01:54 PM


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the bad part of that scenario (besides the obvious goldy shareprice company disasters) is that The Aussie dollar will most likely fall with it...as it did today.
Some people would see that as a good thing, but for those who want to travel...it is a negative.

A bounce would be nice, and I suggest that if Europe was to start printing money that might start to happen. What are the odds.?

Merc
  Forum: Macro Factors

mercury
Posted on: Nov 6 2014, 12:25 PM


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with everybody discounting their product to get sales....I can see many companies praying. But what would send the price up? Inflation?
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mercury
Posted on: Nov 4 2014, 05:17 PM


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Wonder what the IO cost will be for African Minerals when all is said and done.
the winner here has got to be CFE.
Has anyone else seen African Minerals and London Mining news announcement.????
with their port access, and geographical position they (African minerals) should be able to supply Europe as easily as Vale. But I wonder what their bottom line will be. I wonder if they will have to sell at a discount.
I read somewhere that they could produce 63+% concentrate. If so they will have a market...as long as their (African Minerals / Marampa) costs are low enough.
I look forward to future divvy in February, with franking credits..(and CFE has 62 million in franking credits racked up still.)
so ....as long as Ebola doesn't take over the world (and Sierra Leone) and China is still ticking (and that is a big factor) then CFE should do well with their investment. And they don't have to lift another finger to get paid. ...but no accouncement on the ASX of the deal that was completed on the news yesterday.

But as Wren and others suggest...if IO goes to 20 $ the world will be in trouble. I don't like these huge monopolies taking over the world.
I like capitalism....but monopolies I don't like.

merc
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mercury
Posted on: Nov 2 2014, 01:45 PM


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Assuming that the exchange rate stays the same today and the future.
and assuming the price of gold changed to $1000 USD....what gold companies would still be able to continue?
I am assuming NONE except those with a warchest to carry them thru some difficult times.

is it possible for gold to stay at $1000 USD??????

merc
  Forum: Macro Factors

mercury
Posted on: Nov 2 2014, 11:59 AM


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Posts: 2,621

THANKS FOR the read Jascar.
But with ASIC costs of just over 900$....how is it that a company can only have a profit of 1 ct per share. ????
is amortization and depreciation included in ASIC ?

thanks
merc
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mercury
Posted on: Oct 21 2014, 09:29 PM


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yes this is the question I am asking myself now that this deal has gone thru. I suppose the analysis of the ore will tell me the answer (partially, if not wholly) to this question.
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mercury
Posted on: Oct 21 2014, 06:17 AM


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Recently I was looking for the annual report for BCL (not BML) but their website did not provide it. Can I get any help on this from any of you out there.
I was looking at BCL's reserves and resources from 2011 and got a figure of 150 million tonnes at ~.69 % Ni average.

I was just wondering how much they have now....after processing....and thus I would know how much they are capable of putting thru.

At present , if they are producing 50,000 tonnes of matte...at an average of .69% (this figure is probably not correct as they have different mines to take ore from....but let's say .69 for mathematics sake)
50000 divided by .0069 = 7 million plus tonnes of ore. which would give them feedstock for 20 years. Why do they need BML?

Answers??? thanks
Merc
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mercury
Posted on: Oct 19 2014, 07:40 AM


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Flower
previously you noted.

OK: AISC around $AU1000: AQC,IGO,NST,RRL,TGZ

UNECONOMIC: AISC over $A1200: MML, MOY, NGF, PRU, RED, RMS, SAR, SBM, UML.

POSSIBILITIES: AISC between $AU1000 and $AU1200: EVN, EVR, KCN, MCM, OGC, RSG,TRY, DRM.

Now you put SLR , DRM, and EVN in the first group but have eliminated IGO and AQC and RRL.

PRU have given an ASIC price of less than $1000 but listening to the interview....I am led to believe this is a fleeting thing....and probably will not be sustained.

Merc
  Forum: Macro Factors

mercury
Posted on: Oct 18 2014, 05:04 PM


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Posts: 2,621

Yes financially safe....but , according to a previous chart indicating costs....(which the presso didn't tell) the sales at 103$ is just 5 $ over cost to produce (it was charted at 98$ but I don't know what that all entailed) .
Now I am not trying to downramp. In fact I would like some discussion so that I can get my head around their real costs.
In 2012 the cash costs were around 112$ per ton. Then some remediation was necessary at savage river and the costs escalated to 118$ per ton. Now , they have cut expenditures where they can....and I would like to know the cash costs. In fact I would really like to know how they added 30 million into the kittly, if the sales costs of $112 are applied. The cash costs must have dropped some.
I figure that 835,000 tones of product at a 30 million profit is 35$ profit per tonne....which means cash costs would have to drop from 112 to 77 $ per tonne. (not likely)

bamm bamm can you help here.?

thanks
Merc
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mercury
Posted on: Oct 14 2014, 10:16 AM


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I have looked up westcoast medical supplies and hopefully will get a call back. My question was whether or not they do supply protective gear that is adequate (they do provide protective gear for infectious diseases) for Ebola. Or would they be in the future?
Hopefully they will get back to me.
Merc
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mercury
Posted on: Oct 14 2014, 09:54 AM


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Currently I am watching Suda. Does anyone know who supplies equipment for Ebola safety precautions?

What other companies might be involved in those products? Ansell?
thanks
merc
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mercury
Posted on: Oct 12 2014, 06:22 AM


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Hmmm thanks for that .
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mercury
Posted on: Oct 11 2014, 07:46 AM


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Yes there was extra commitment due to the delays.
thanks for reply
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mercury
Posted on: Oct 11 2014, 04:28 AM


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just to make life easier ...you say 22 million for 2 wells OR 22 million for each of 2 wells?
thanks
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mercury
Posted on: Oct 9 2014, 10:41 AM


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FAR has 40 million in the bank and only a 15% interest. So ...on your calculations they should be able to pay for their share with two drills more.....but a CR may be in the offing.
Merc
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mercury
Posted on: Oct 8 2014, 06:08 PM


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that is interesting .
Much more than I thought.
I 'googled' yellowfin kingfish wholesale prices and found someone selling for 18.50$....but they would have been a middle man.

14$ is good.
1500 tonnes = 1500000kg x 14 = 21 million dollars gross.

if they can get that up to 3000 tonnes by 2017 that would be great. ...but looking at the financials...I can't project the earnings after expenses...but I would like to be able to.

I was wondering about the rise in price. Methinks it is a combination of speculation, and possibly a JV for the Tuna project.

Anyway...I am in for a bit.

Merc
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mercury
Posted on: Oct 8 2014, 02:23 PM


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anybody out there up on what the company sells its kingfish / per kg.????
Just trying to do some calculations.
thanks
Merc
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mercury
Posted on: Oct 7 2014, 09:26 PM


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gold above ground....are you meaning gold already mined and around somebody's neck (etc)....or the alluvial stuff near the surface?
Merc
  Forum: Macro Factors

mercury
Posted on: Oct 4 2014, 12:27 PM


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Posts: 2,621

I wonder how the iron ore assets stack up at present. Very interested to really know how Tony sage views these investments. I think he may have overreached himself, and may regret his investments. At present prices....a pellet production is the only way he is going to sell IO.
And even that, I am not sure his tenement assets could compete cost-wise.
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mercury
Posted on: Oct 4 2014, 11:55 AM


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Can I just verify or clarify something.
the All In Sustaining price or ASIC is the Capex cost of building the operation, plus the other costs to keep it running, plus depreciation.
Is that correct? or is there another element I have missed....and is the Capex cost of building not included after production starts (suggesting there is no more debt....as that has been paid out)

Sorry to be so ignorant.
merc

  Forum: Macro Factors

mercury
Posted on: Oct 2 2014, 01:55 AM


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Yes I know that they have just enough to cover their expenses as projected. Maybe even a little to spare.
But from past experience with this company.....Things just seem to crop up that cost money and time.

So .... if the All In Price is too high then astute investors will probably stay away for now. Those who invested at 10 Cts are certainly future investors, for that injection of funds is a very long dated one....with some hurdles to jump.

Waiting for the next batch of GOOD news...to renew my interest. But Flower's All in Price makes one wonder why the investors even bothered to invest.

Something seems to be missing.
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mercury
Posted on: Oct 2 2014, 01:51 AM


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I've seen comparative chart where FMG was at 77$ and AGO at higher than what UBS has posted. This could be a comparison on a particular grade of Iron Ore.
I guess the price UBS states is for 62%?????

Merc
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mercury
Posted on: Oct 1 2014, 08:42 AM


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didn't see anything new there, nor any reference to all in costs. Were you suggesting there was something to be seen.?
merc
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mercury
Posted on: Sep 30 2014, 03:01 PM


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Flower.... you wrote earlier in another thread "Merc--RED had in the last Q an AISC of AUD1700--- or USD1536 using todays rate."

I have just been asking where you saw that as I could not find it.
thanks for the information that the full costing broker could have provided me with the information. I am sure they could.
But I was looking where you mentioned....that's all.
not trying to give you any negative feedback at all.

Merc
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mercury
Posted on: Sep 29 2014, 11:39 PM


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I also did not find an All in price for their gold production (if and when they start producing). Hey flower...where did you find that.? I didn't see it.
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mercury
Posted on: Sep 29 2014, 11:37 PM


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flower's post was a reply to a post that is a year old. I don't get it, hence the question.
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mercury
Posted on: Sep 29 2014, 02:33 PM


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what's this post all about Flower?
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mercury
Posted on: Sep 27 2014, 06:45 PM


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yes , not only will they find ready takers for the ore that AGO and others have promised, but they can possibly mop up the best tenements they will have to sell to help these companies pay their debts.
FMG....at present prices is losing money too. They could hit the skids and get taken over. I am not joking. If iron ore stays low...then there are many repercussions. A new world possibly. Funny how the cycles play out.

tony Abbot doesn't care...he is on the big stage telling people in quiet discussions that he is planting trees to combat climate change....and trying to destroy solar and windfarm expansion so that 'his' coal mines can continue to burn brown coal.

OH Oh my green undies are showing.
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mercury
Posted on: Sep 27 2014, 04:04 AM


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nickel inventory LME is continuously rising. Despite lack of concentrate leaving Indonesia, why are inventories rising.?
Maybe there is not a reason I can see....but with price of nickel dropping, how will that affect BCL production Melua.?
your thoughts?
thanks
Merc
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mercury
Posted on: Sep 26 2014, 07:50 AM


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the market speaks and if the SP indicates what the 'boys in the know' think....then they must not be too impressed.
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mercury
Posted on: Sep 24 2014, 12:41 PM


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27 million shares issued in lieu of interest for convertbible notes at what price? can't find it
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mercury
Posted on: Sep 24 2014, 11:15 AM


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I still can't find that quarterly you mentioned flower.
Where it says the all in costs for production.
Can you point it out please?
thanks
Merc
  Forum: Macro Factors

mercury
Posted on: Sep 23 2014, 03:32 PM


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funny thing is that the announcement said they had LESS petajoules than their previous ann. I guess the words the 5th biggest helped. And the fact that someone picked up 7 million shares at 2.5 cts.
Merc
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mercury
Posted on: Sep 23 2014, 09:11 AM


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thanks for your comment. I hadn't read that in their quarterly report. But compared to the original mine , before the disaster, that is a huge change in their costs. Absolutely huge and by no means worth even considering.
I did visit the mine a few years ago. Seemed like it had lots of water problems then...and nothing has changed in that regard. Water pumping continuously.
AS you said, will have to look at the quarterly to discover any new achievements and predictions of ASIC.
Merc
  Forum: Macro Factors

mercury
Posted on: Sep 23 2014, 07:37 AM


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Posts: 2,621

it says they have done some figuring and can turn a carbon tax bill of 100 millin into a profit of 50 million. this is no longer relevant. And as the way they figured is not shown, one cannot assume that the 50 mill profit is still true.
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mercury
Posted on: Sep 22 2014, 04:27 PM


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Bit of a run today, on news that is basically old, but some new info on resources and reserves. Anyone out there with some more practical knowledge on these resources than I.
Wren? Crooky
mme? Balance?
Veone, Barra?
others?
I must admit, if the Qld Govt accepts the rehab plan, and I see no reason that they would submit one that didn't fit the bill, as they have knows for years that one would be required. And if they can store the CO2 emmissions (big if ... and the crucial part of the problem)
then they could be a true supplier of some very high quality gas.

Your Input?

Merc
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mercury
Posted on: Sep 22 2014, 01:17 PM


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If they were to pay out the 6cts capital return, they would retain 40 millin dollars minimum...this is equivalent to 3.4 cts per share plus any % of interests in other ventures. So at 9.5 cts minus 6 cts....= 3.5cts....that's a reasonable punt I believe. and that is my reasoning. I have bought back in.
I agree. Not much downside...except is the sale a done deal barring higher bid. This I don't know.
What would you place their interests in other JV and tenements at Brierley.?

merc
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mercury
Posted on: Sep 20 2014, 06:53 PM


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well that is good to hear/read. However, wouldn't they also need funds to build a mill and associated structures? In any case, seems they will need a CR. what they have in the bank now is minimal.
I can see they will try to drive up the Share Price. wonder what the placement price will be?
merc
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mercury
Posted on: Sep 20 2014, 11:26 AM


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well they would need an injection of money. CR or JV. One or the other.
Extending the railway line would be costly. ... and that is just one item.
Merc
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mercury
Posted on: Sep 18 2014, 10:59 PM


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yes thanks for that. I was just pointing out , like you, but without the details.....the differences. I was astonished that they had succeeded in getting a capital raising. But that is marketing for you.
Merc
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mercury
Posted on: Sep 18 2014, 06:12 AM


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Graphite One Resources Inc. is exploring with the intent to develop the Graphite Creek Project, USA’s only advanced staged large-scale, large flake graphite deposit. Graphite Creek reports a NI 43-101 inferred resource of 284.71 million tonnes at 4.5% graphite (including 37.68 million tonnes at 9.2% graphite and 8.63 million tonnes at 12.8% graphite)

Just an example of resources for another company in USA.
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mercury
Posted on: Sep 13 2014, 04:38 AM


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I should add that the all in costs are actuall 1294 US$ which still equates to 37 million dollars by my reckoning.
comments please.
Merc
  Forum: Macro Factors

mercury
Posted on: Sep 13 2014, 04:25 AM


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Posts: 2,621

PRU's hedge position is 125000 oz at 1469 US$....at the time of publishing (June 30th)was worth 19 mill$.
This does not compute with me. even at PRU's high all in costs.
Here is how I figure it. At 1200 all in costs and 1469$worth 1600 AUD then the profit is 400$ per oz. which is 50 mill$.

Can someone explain?
  Forum: Macro Factors

mercury
Posted on: Sep 12 2014, 09:53 AM


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Posts: 2,621

something happening preopen anyone know anything?
  Forum: By Share Code

mercury
Posted on: Sep 12 2014, 08:34 AM


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Posts: 2,621

Interesting to read how the Chinese are circumventing their Iron Ore problems. They are going to build a port and railway line in Australia to make sure BHP and RIO don't shaft them when all the little miners close shop. By building they keep the cost of transport down, and the little guys won't have to rent from BHP and RIO for rail access. SMART ! and they keep the little miners in business and won't have to shut down. And more jobs for WA. But not so good for Australian Tax Revenue....
meanwhile my TAW shares are not looking good.

merc
  Forum: By Share Code

mercury
Posted on: Aug 30 2014, 06:39 AM


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Posts: 2,621

I guess from the lists that the prices sell and buy are average over the period?
Merc
  Forum: By Share Code

mercury
Posted on: Aug 26 2014, 01:36 AM


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Posts: 2,621

what numbers do you have about RED Flower to put it in the category you did?
I used to remember before their disaster, that they had a very low cash cost (don't know the ASIC). But with new monies to rebuild, the price has dropped and floundered. So I am not disagreeing with my question....just wondering about the numbers now.
Merc
  Forum: Macro Factors

mercury
Posted on: Aug 25 2014, 03:19 PM


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Posts: 2,621

"test for mineralization at depth, along strike, and down dip....."
So I was wondering if at depth meant lower than previous holes. obviously...but same area as well as along strike???
Just in case I could be educated.
Merc wacko.gif
  Forum: By Share Code

mercury
Posted on: Aug 25 2014, 03:16 PM


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the company drilling further down. Same holes? just deeper?
Merc
  Forum: By Share Code

mercury
Posted on: Aug 25 2014, 11:18 AM


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Is this what people were expecting? What has changed?....that would push the price down?
  Forum: By Share Code

mercury
Posted on: Aug 20 2014, 02:01 PM


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yes I expected an answer like that , but hoped that someone would say...that bottom line is $10 per barrel profit or something...otherwise they wouldn't bother.
  Forum: By Share Code

mercury
Posted on: Aug 20 2014, 11:24 AM


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Posts: 2,621

look, I am not very knowledgeable about oil . Can someone (if they haven't already) speculate on profit margins (high and low) for a commercial project being successful. Just for me to dream about. thanks
Merc
  Forum: By Share Code

mercury
Posted on: Aug 19 2014, 01:32 PM


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it is called RELIEF from stress. Flower still holds stock , free carried.
  Forum: By Share Code

mercury
Posted on: Aug 11 2014, 10:45 PM


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I must have missed something. Will look
Merc
  Forum: By Share Code

mercury
Posted on: Aug 11 2014, 01:24 PM


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exactly just had one and no money to show for it.....(hardly any) ....so they are pumping it / priming it for another.
what do you think?
Just guessing myself.
merc
  Forum: By Share Code

mercury
Posted on: Aug 10 2014, 03:34 PM


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Posts: 2,621

My only problem with YRR's rapid ascent is the CR that is bound to arise in the next few weeks/months.
I reckon that there are those pumping to get the price up so a better CR can be achieved.
Your thoughts.?
Merc
  Forum: By Share Code

mercury
Posted on: Aug 4 2014, 11:38 AM


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int oday's ann. it is stated that holes done (but not the full 30) will complete the metallurgical sampling phase.
So this means to me that these few holes are enough to determine the situation, whether good or bad. It seems to me that if they are continuing the collaring of the next few holes, that they are confident of the end results.
would others out there concur? Like to hear you thoughts.
thanks
Merc
  Forum: By Share Code

mercury
Posted on: Aug 4 2014, 11:25 AM


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Posts: 2,621

who is watching this stock? any suggestions as to its speculated value (other than the Chinese bid)?
I hold
  Forum: By Share Code

mercury
Posted on: Aug 2 2014, 03:21 PM


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Posts: 2,621

time to add. Seems like CFE have invested a lot in Marampa Iron ore deal. not sure how that will progress with all the new tenements around the world. Seems dicey given the amount of money required to get it all up and running. Then again SDL is also dicey...but look where its shareprice is

I like Pat volpe's TAW better given the variables.

Still CFE have cash now, a lot of tax losses up their sleeve to cover future sales, and they do have some irons in the fire plus some good wins. This ATO win and the long time coming payment of owed monies (albeit a smaller amount ) show them to be a well funded company at present.

I hold a few shares as of first ann. And a few more as of yesterday's.
  Forum: By Share Code

mercury
Posted on: Jul 31 2014, 01:48 PM


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Posts: 2,621

Hello Mark,
earlier I sent you , the guru I love to read, a question regarding SUDA and what Merill Lynch might be doing .
I thought , as you were are trader at one time , you might be able to speculate what they are doing.

Attached please find ann. they own 50 million shares and they borrow 25 million. why borrow? what do you think is the plan?

PS. I love your posts. Have done so for years.
sincerely,
Mercury
Attached image(s)
Attached Image

 
  Forum: Investment Discussion

mercury
Posted on: Jul 23 2014, 11:28 AM


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Probably a CR needed soon.

Merc
  Forum: By Share Code

mercury
Posted on: Jul 23 2014, 09:39 AM


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as the SPP was heavily oversubscribed, I must beg to apologize, as Acorn obviously was not needed to take a shortfall. They did however take an institutional placement which they MAY have offloaded a bit of to cover some of their previous buys.
In any case the company (Acorn) was stated as having 10% of the company after the placement.
  Forum: By Share Code

mercury
Posted on: Jul 23 2014, 09:32 AM


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PREVIOUS DRILLING (historical) ....do we have any results for those (met tests?)
mrec
  Forum: By Share Code

mercury
Posted on: Jul 22 2014, 03:09 PM


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they did have a CR a little while back. could be some of the big players pushing the stock to unload a bit to sell some and cover their investment at lower prices.
Acorn did do some underwriting., I believe.

Merc
  Forum: By Share Code

mercury
Posted on: Jul 17 2014, 10:21 AM


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plus costs of drilling campaign
  Forum: By Share Code

mercury
Posted on: Jul 16 2014, 05:04 AM


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CFE has too much tied up with iron ore.
I would like to know where all the money has gone from sales of interests. Yes I know that they have put up 33 million or so in trust for the ATO and an appeal about the tax is pending.

It will be good when all this tax stuff is resolved. ... and then I would like to see the iron ore interests divested.
comments?

I used to be an investor in CFE....but until today...I haven't bothered to much to follow them. Looking rather stable at the moment.

merc
  Forum: By Share Code

mercury
Posted on: Jul 14 2014, 05:43 AM


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Curious to know why you thought the market would go into freefall.?

Yes I have been reading different thoughts online and in the papers. But " freefall " ????
  Forum: By Share Code

mercury
Posted on: Jul 9 2014, 08:11 AM


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despite the cash rolling in, the company has languished share-price wise. This I am confused about.
Is it because people do not trust management?

comments?
thanks
merc
  Forum: By Share Code

mercury
Posted on: Jul 9 2014, 12:04 AM


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Posts: 2,621

not sure where to put this post.

Iron ore companies are in the doldrums until stability in the market is overshadowed by a spike in need.
At the moment the general consensus is that a glut of iron ore is already immenent if the prices were to remain above 100$ per tonne. With prices below, there is stress on some mining operation.
So which ones will survive?
And TAW ....can it compete if it has to make pellets. ?
What makes it more economical than , say, Grange .
( I have noted/ understand that Grange Resources needs a price above 98 dollars for IRON ore for pellets to be profitable.....(according to a comparing price chart I saw recently which compared company costs to stay afloat))

Comments? Which ones will survive at present day prices.?

Merc
  Forum: By Share Code

mercury
Posted on: Jul 4 2014, 01:19 PM


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Posts: 2,621

i understand that some companies want money in the bank right now....perhaps cash is king. But the future did look bright...why else would Landbridge want the company. I am confused....but would love to hear others views.
Merc
  Forum: By Share Code

mercury
Posted on: Jul 4 2014, 10:46 AM


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Posts: 2,621

If a person wants to accept the offer 40cts but does not have the appropriate papers, how can they accept by the deadline?

I have some shares in this company but was waiting for a better offer and threw out the papers sent by landbridge.

However, It looks like game over. and selling at 39cts is not an option.

then again...you people out there may have some future scenarios to consider...but if the management are saying to accept that sound / reads like a death knell.


Merc
  Forum: By Share Code

mercury
Posted on: Jul 3 2014, 04:03 PM


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Posts: 2,621

thanks for reply.
I wondered which companies on the ASX were still out there. PGM has no incoming receipts either.
  Forum: Investment Discussion

mercury
Posted on: Jul 3 2014, 01:30 PM


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Posts: 2,621

do we have any companies that are actually mining platinum (ASX)?

Or planning too?
merc
  Forum: Investment Discussion

mercury
Posted on: Jul 3 2014, 01:09 PM


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Posts: 2,621

If Landbridge is guaranteeing to buy anyone's shares for 40cts, why are people not buying them up at 39.5 and selling them according to the unconditional offer.?
Obviously I am missing a bit about how this process works. Can someone fill me in?
thanks
Merc
  Forum: By Share Code

mercury
Posted on: Jul 2 2014, 04:27 PM


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Posts: 2,621

Considering how many oppies are out there, Your insight would appear very apt. Not many crossed relatively speaking.



  Forum: By Share Code

mercury
Posted on: Jul 2 2014, 11:48 AM


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Posts: 2,621

the only problem I see is the continuation of expenditure without funds coming in.
either they sell down some more
or
co a CR
or
take a loan out...

One of those four will happen... and in the not too distant future.

Merc
  Forum: By Share Code

mercury
Posted on: Jun 27 2014, 02:21 PM


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Posts: 2,621

look Henrietta....if you hear of some analyst putting a price target on ROC ...let me know will you?

Pity ROC can't say what the out of the blue non-binding offer is.

Yes Horizon won't be pleased. But I would love to know what you and others think ROC is worth.

Merc
  Forum: By Share Code

mercury
Posted on: Jun 7 2014, 01:44 PM


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Posts: 2,621

After being away from the site for a month, it is good to see that all the relevant players are still submitting their inputs.
always nice to get new players though.

Now ... as to OEL....
BHP walked away, after spending considerable money on Seismic. From a fundamental point of view on would have to say that the prospects were limited....and not among their core prospects. ....OR possible even less than limited...and that is a worry.
Giving up all that seismic PLUS paying for 24 million in drilling a well for which they get no return. Costly for a small company. But even for BHP a grand throwaway. (to my mind). why?

T/A may be OK but fundamentally....this well looks suspicious. Will they really get a farm-in? If so then I might be more optimistic...
But maybe I am missing something from the past, and someone out there can inform me of this oversight?

thanks
Merc
PS I used to be in OEL many years ago and was disappointed greatly. Galoc was a problem child. but now, after years of sorrow, (except to those getting a salary) the area is finally producing and making money. This has to be a positive for the company. And for how long....they say maybe extend life to 2020. now that would be making real money.
  Forum: By Share Code

mercury
Posted on: May 1 2014, 10:25 AM


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Posts: 2,621

gold very volatile last night.

I wonder...if Russia goes into recession...(which I doubt) .....how that might affect gold.

Certainly tapering is continuing....that isn't helping price.

HISTORICALLY...how has a recession and gold price moved????

merc
  Forum: Macro Factors

mercury
Posted on: Apr 29 2014, 04:47 PM


Group: Member
Posts: 2,621

Not much faith in this deal going thru it seems.
If there were thoughts that another bid were possible...then the price would be above 40cts. obviously that is fiction in the minds of most. Including the directors who sold out.
merc
  Forum: By Share Code

mercury
Posted on: Apr 28 2014, 06:44 PM


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Posts: 2,621

I wonder if the price of iron ore has something to do with the drop in price...or is it stay away in May?
  Forum: By Share Code

mercury
Posted on: Apr 21 2014, 02:52 PM


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Posts: 2,621

in 2012 , Jack Lifton wrote Quote "The dysprosium market is in balance at 1.4 Kt. With 8% growth in demand each year, we're going to need about 100 tons (t) a year of additional dysprosium." unquote

He went on to write, quote "Two large hard-rock sources of dysprosium I think will be coming on-line, when the metallurgy, separation capability and permits get worked out. These are Ucore Rare Metals Inc. (UCU:TSX.V; UURAF:OTCQX) at Bokan Mountain in Alaska and Tasman Metals Ltd. (TSM:TSX.V; TAS:NYSE.A; TASXF:OTCPK; T61:FSE) in Sweden. These deposits are being developed to produce 3,900 t/a and a little less than 6,000 t/a, respectively. Bokan would produce 120 t and Tasman 350 t of dysprosium per year at those levels. These are the first two major hard-rock REE deposits that look like they're going into production." unquote

My reading says that he say 100t/a is needed with 8% growth...but he suggests that in a few years an extra 470 tonne/annum will be produced by just two companies....
this doesn't balance with his first comment.

Am I missing something with the maths????

all comments welcomed

Merc



  Forum: Investment Discussion

mercury
Posted on: Apr 15 2014, 02:36 PM


Group: Member
Posts: 2,621

they ae trying to raise funds, which means that they have goofed somewhere. with so low Cash costs...they shouldn't need money


  Forum: By Share Code

mercury
Posted on: Apr 15 2014, 11:01 AM


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Posts: 2,621

looks like ENI doesn't want to have anything to do with NEN anymore
comments please

merc
  Forum: By Share Code

mercury
Posted on: Apr 14 2014, 10:54 AM


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Posts: 2,621

maybe the finance package is combined with a CR....the action today would indicate this.
  Forum: By Share Code

mercury
Posted on: Apr 11 2014, 09:42 AM


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Posts: 2,621

thanks
  Forum: By Share Code

mercury
Posted on: Apr 11 2014, 02:07 AM


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Posts: 2,621

small sales ....but overall downwards...
Share price not looking healthy for buyers above today's price. (me for one)

would like to hear some news about new drilling to spur energy output and SP.

Merc
  Forum: By Share Code

mercury
Posted on: Apr 11 2014, 12:23 AM


Group: Member
Posts: 2,621

So that worst case scenario COULD take up most or all the monies that have been made from sale of USA assets. ???
Plus there is tax to be paid on that sale....
there is some cash in the kitty...

Overall...the market was not thrilled with the sale.....

what prospects are out there now for NEN? Triage.

PS....I liked your previous avatar better.
  Forum: By Share Code

mercury
Posted on: Apr 10 2014, 11:34 AM


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Posts: 2,621

Yes....and still don't know the extra costs for Vietnam.
anyone's guess...but maybe someone out there has a good guesstimate? Anyone???
merc
  Forum: By Share Code

mercury
Posted on: Apr 3 2014, 03:21 PM


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Posts: 2,621

test
  Forum: By Share Code

mercury
Posted on: Apr 1 2014, 08:46 AM


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Posts: 2,621

TGZ annual report is available today. However, I am unable to read into it why the price of the company is so low.

Other's thoughts?

thanks

Merc


  Forum: By Share Code

mercury
Posted on: Mar 28 2014, 11:50 AM


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Posts: 2,621

like I said...not too much enthusiasm.

I guess 'cause we need some buyers?




why not?

because people are worried about a CR?

because people don't see this coming to fruition for a very long tim (40 terrrajoules)?




  Forum: By Share Code

mercury
Posted on: Mar 28 2014, 04:16 AM


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Posts: 2,621

I spoke with Noregaard myself a week ago.

he didn't sound particularly upbeat. DIDn"T

.sounded more like ............ we think it should happen sometime....but no telling when we will get the go ahead,...and if we don't get approval to to do, then we have this money to invest elsewhere."




to me this is promising. and a very low cost producing mine if they can get it running. and if they don't get approval....then cash to invest. But for the moment....things are not going well. It is a waiting game. Waiting on government approvals. Can be slow if somebody wishes it to be so. And maybe that is the problem...they don't have a lobbyist to get the game really rolling.




I believe he is fed up with the government departments over there. (they have another gold interest (for those who don't know) that is also on the same island. The won't be working on that interest UNLESS Red5 gets up and running. and if it doesn't then they will use the 30 million plus to find another project.... IN ANOTHER COUNTRY.

And if they get Red5 running then that will be good. the companies that put up all that capital to get REd 5 running again want their capital back at some time....and don't want to wait forever. But for now...the company has no debt. Just expenses.

Staff has been let go, so expenses are not lost there, however, there is still care and maintenance and that can add up on a property that is constantly filling with water. (I have seen this with my own eyes....having visited the mine a couple years ago)

merc


  Forum: By Share Code

mercury
Posted on: Mar 27 2014, 11:28 AM


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Posts: 2,621

Haven't paid a whole lot of attention to this stock. although on should have anticipated its rise with the price of gold (being a goldie) .

but its fall is also not unexpected to today's price of 7.5

One thing that is paramount in my mind. Despite the Phillipino gov't having not much care for the workers on the Mindinao Island, (which means they don't really push for getting the projected restarted for the people's sake...probably some good bribery money needed here)

But the company DOES have 39 million Dollars just waiting to be used .
IF they didn't get the go ahead on the Red5 mine....then they still have 30+ million to play with. the people who bought shares to put up that money are no happier than the shareholders who hold. I am looking for one positive low low price to get in. OR an ann. that they can start investing in the mine again. Should that occur, they will still be one of the lowest cost producers around.




any thoughts from anyone out there who Might be interested and has followed this stock.




Merc


  Forum: By Share Code

mercury
Posted on: Mar 27 2014, 11:20 AM


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Posts: 2,621

ok that is good. What are your thoughts to getting the financing. CR or borrow?

At present a CR is hopefully not on the cards, but if the SP gets high enough then they wouldn't have to issue too many shares.

Merc


  Forum: By Share Code

mercury
Posted on: Mar 27 2014, 11:07 AM


Group: Member
Posts: 2,621

I can't see anyone SITTING on the shareprice. I just don't see much enthusiasm. I figure it is because there is a lot of drilling to do before 40 terrajoules is there....and that is going to cost money...and the drilling may not be covered by present income. any thoughts here?

Merc


  Forum: By Share Code

mercury
Posted on: Mar 27 2014, 09:18 AM


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Posts: 2,621

I guess no possibility of a price war takeover now




  Forum: By Share Code

mercury
Posted on: Mar 26 2014, 11:51 AM


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Posts: 2,621

LYC must be having some very difficult times just now. Their share price is not popular.

upcoming news has to be bad.


  Forum: By Share Code

mercury
Posted on: Mar 24 2014, 01:13 PM


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Posts: 2,621

need a major turnaround to get me interested




  Forum: By Share Code

mercury
Posted on: Mar 23 2014, 09:42 PM


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Posts: 2,621

WOLVERINES ARE QUITE NORMAL ANIMALS IN A HIGHLY COMPETITIVE WORLD....AND NOT MEEK EITHER ......FEROCIOUS




Hahaha best wishes to all







  Forum: By Share Code

mercury
Posted on: Mar 20 2014, 01:27 PM


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Posts: 2,621

those who keep their shares today, will have them consolidated 1 for 20




  Forum: By Share Code

mercury
Posted on: Mar 20 2014, 09:28 AM


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Posts: 2,621

I have to think that your opinion of the grades and the depths are not enough to support a mine.

More exploration needed.

Merc


  Forum: By Share Code

mercury
Posted on: Feb 27 2014, 06:02 AM


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Posts: 2,621

just a question of when.
  Forum: By Share Code

mercury
Posted on: Feb 27 2014, 06:01 AM


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Posts: 2,621

thanks button doesn't work. so thanks for your knowledgeable insight.

I too noted that they said something about the fracture zone.....but made no mention what that meant. I (at the time) assumed that I was supposed to be able to interpret that myself if I were a smart investor. ... and so I considered myself to be ill informed as to what I, as an investor, should already know. Now I feel better.

thanks

Merc


  Forum: By Share Code

mercury
Posted on: Feb 27 2014, 05:45 AM


Group: Member
Posts: 2,621

Quote "Gold shipments into China were strong at 96 metric tons in January, based on Hong Kong and Swiss trade data, says UBS " unquote
  Forum: Macro Factors

mercury
Posted on: Feb 26 2014, 07:57 PM


Group: Member
Posts: 2,621

??????????????? icon14.gif







Financing is the future and the solution. Just a question of when.

Then this company will probably get taken over.


  Forum: By Share Code

mercury
Posted on: Feb 25 2014, 08:58 AM


Group: Member
Posts: 2,621

somebody playing games.

significant changes since my post a few minutes ago.

games ....games.....no need to reply to previous post.

merc


  Forum: By Share Code

mercury
Posted on: Feb 25 2014, 08:44 AM


Group: Member
Posts: 2,621

market depth this morning is not inspiring.

Thoughts?

Merc


  Forum: By Share Code

mercury
Posted on: Feb 24 2014, 07:13 AM


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Posts: 2,621

Everybody talking about that slow game called cricket. I have seen it, I have played it. I enjoy it, because I like to do things, and take part. But it is a slow game.

Now this Sochi winter Olympics has produced some ice hockey games that were fantastic.

Now there is a speed sport. And rough. And brilliant ability shown by how the players hit that hard rubber 'puck' and the receiver manages to stop it with the blade of a stick and move it down the ice, kicking it, lifting it, even faster than our brilliant grass hockey players. And use of the stick to push the opposing player and ram the players into the boards (legally of course...otherwise receiving a penalty)...what a pummelling game. How quick, and in the case of several games the excitement was palpable.USA vs Russia. Old scores to settle. Russian vs Finland....how did Russia lose? Sweden against Finland and the Swedes win. Canada and Sweden losing not a game until the final. Both teams with excellent records and goal tending, yet the Swedes could not get even one goal.

The final was almost boring if you were not a fan of the Canadians, for they just couldn't get past the Canadian defense, even with an extra man on the ice.

Still, a great , fast sport. wish that Channel 10 had shown more on regular TV and not just on the internet.




One thing that the producers of these games do not seem to understand about sport. That the build up to the goal scoring is often more scintillating than the actual goal. That the whole experience is needed, not just the goal scoring. They show the highlights of a game and think that the goal is the highlight , when in fact it is the lead up to that scored that is the highlight, and the score is just he result (in some cases). And so, we as the viewer, miss that build up.

I see this a lot whenever ice hockey is shown on a sports review. It is quite boring to see a score being made, when one wonders how the pressure and tension were before that score.

Anyway, cricket is a great game, but rather slow compared to ice hockey.




merc


  Forum: Off Topic Chat

mercury
Posted on: Feb 20 2014, 03:17 AM


Group: Member
Posts: 2,621

Have changed the ending to the poem that was kindly written for us all.

(back end of poem, for those who have wives who don't do the cooking

or clothes....and I know one of them)

It fills me up with counselling
Each journey's pretty fraught
So why don't I exchange it
And get a quieter sort?

Despite all these advantages
And my tendency to scoff,
I do wish that just occasionally
I could turn the damned thing off



Ah well, you see, it keeps me warm in bed!


and that's sat nav's secret the road to her success.
  Forum: Off Topic Chat

mercury
Posted on: Feb 19 2014, 02:02 PM


Group: Member
Posts: 2,621

I am reminded that the company has some funds to last a couple of months. But in this market that usually means a CR is imminent.

Expecting that any day in the next 60.

Merc


  Forum: By Share Code

mercury
Posted on: Feb 14 2014, 02:05 AM


Group: Member
Posts: 2,621

thought you were going to Denmark?

Merc


  Forum: By Share Code

mercury
Posted on: Feb 12 2014, 01:42 AM


Group: Member
Posts: 2,621

I wrote previously "although institutions may collaborate to drive price up for a better CR price"

I wonder if they did that so that they could dump some of their shares (there might have been some insider info)

knowing that the door was going to close.

Meanwhile a company ann. previously indicated that a private equity company was looking to buy.

Now the private equity company will pick up the pieces for a song...or somebody will.




Now WHO WOULD BENEFIT from Forge giving up contracts? Who would pick up those contracts?

Merc


  Forum: By Share Code

mercury
Posted on: Feb 11 2014, 04:38 PM


Group: Member
Posts: 2,621

Hey Nipper have you been adding up the last few days trades or just had a nip too many? just joking.

Merc


  Forum: By Share Code

mercury
Posted on: Feb 11 2014, 12:53 PM


Group: Member
Posts: 2,621

For PCL Namibia is a long way off. If the drill bit encounters a duster with Sunbird.....look out below.

just my opinion. People who read the news will realize that FAR's progress today doesn't hold much promis for PCL except that their partner has some cash.

Merc


  Forum: By Share Code

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