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veeone
Posted on: Sep 27 2019, 05:16 PM


Group: Member
Posts: 5,055

Likely developments and expected results of operations
The focus for SciDev and the management team through the FY20 financial year is:
● Drive SciDev's revenue line through the execution of a well structured business development pipeline in the Oil & Gas
and mineral processing sectors
● Key large customer opportunities across several continents where the synergies for the OptiFlox & MaxiFlox
combination can deliver the greatest value to SciDev's customers and subsequent value to shareholders
● Build upon the SciDev’s momentum in the Australian coal industry, transitioning across application, mineral types and
key industry players with our OptiFlox® technology
● Further develop the opportunities presented through SciDev (US) LLC into the US oil & gas sector
● Extend SciDev's technology into the precious metal and base metal sectors throughout Australia and Asia, while looking
for other opportunities in currently unrealised sections of the mineral processing value chain
● Renew SciDev's effort in the Australian water and wastewater sector with strategic partnerships and licensing
opportunities with global operators and key end users
● Deliver upon recent agreement with Iluka in the mineral sands sector delivering value and further developing this
relationship
● Continue to strengthen and leverage SciDev's relationship with Nuoer through joint marketing and R&D efforts in key
market areas while also refining the geographic manufacturing footprint
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veeone
Posted on: Sep 1 2019, 09:21 PM


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Posts: 5,055

Highlights from Fridays 4E Cheers V1
FY19 Highlights
 Revenues from customers increased by 31.9% to $2.92m
 Net cash position of $1.76m supported by successful placement to Nuoer Group and a $2.5m fund raising
 Entered into a binding agreement to acquire the exclusive distribution and marketing rights in Australia and other Oceanic countries for polymer products produced by Chinese base Nuoer Group
 Lewis Utting commenced as CEO & Managing Director in April 2019
 Established North American presence with SciDev (US) LLC with first product sales to SciDev MOU partner Phoenix Process Equipment Company with Nuoer manufactured product
 Continued evaluation across several coal projects in the Bowen Basin and NSW coal fields with tier-one producers. The Optiflox® system trial continues at a major coking coal operation with further commercial discussions anticipated in September 2019
 Strengthening of the board with the addition of Newcrest mining professional Jon Gourlay and Simone Watt from our strategic investor Sinoz as Non Executive Directors
 Post the end of the financial year, the Company announced it had received its first major order for friction reducers from the oil & gas companies in the US Permian Basin. The A$1.08m order validates SciDev’s strong US push
 Further the company recently announced post year end that it was awarded a long term MaxiFlox® sales contract with Iluka Resources which is expected to be AUS$8m – AUD$12m over the course of the contract
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veeone
Posted on: Aug 8 2019, 07:09 PM


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Posts: 5,055

Gone the way of the dodo.
Had such potential that will now only be realised by the chinese.............. Happened such a lot in the past 10 years right across the asx.. V1
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veeone
Posted on: Aug 8 2019, 07:06 PM


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Posts: 5,055

This is worth a read. Cheers v1

http://www.newingonstocks.com/wp-content/u...5-corrected.pdf
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veeone
Posted on: Jul 22 2019, 05:09 PM


Group: Member
Posts: 5,055

Wow some good news finally from SDV (was INL)
More to come in the near future i would say.
From todays announcement via asx.
QUOTE
Separately, other US trial and commercial negotiations are progressing well and results will be reported
in due course. Importantly, the Company is finding that there is significant demand and support for its
bespoke chemical solutions, which augers well for the success of the US initiative
Cheers V1
  Forum: By Share Code

veeone
Posted on: Feb 4 2019, 12:09 PM


Group: Member
Posts: 5,055

SciDev Ltd (ASX: SDV) – Trading Halt


SciDev Ltd (ASX:SDV) requests a trading halt to be placed on the Company’s securities pursuant to ASX Listing
Rule 17.1, effective immediately, and provides the following information:
• The Company makes the request pending the release of an announcement in relation to a material
commercial transaction.
• The trading halt is expected to last until the earlier of the Company releasing an announcement related
to the transaction, or the commencement of trading on Wednesday, 6 February 2019.
• The Company is not aware of any reason why the trading halt should not be granted.

I hope finally some good news as this ones been in my bottom draw for so long I have lost count of the years!!!
Sooo many consolidations !!! Geez V1
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veeone
Posted on: Mar 21 2017, 08:53 PM


Group: Member
Posts: 5,055

On the 17th of March 2017, Gindalbie Metals Limited (ASX: GBG) (‘Gindalbie’ or the ‘Company’) announced1 that it has entered into a farm in agreement with Terrace Mining Pty Ltd ('Terrace') for the Mt Gunson Copper-Cobalt Project, located 135km north of Port Augusta, South Australia.

The Mt Gunson Copper-Cobalt Project has two reported JORC Mineral Resources:
MG14 (JORC 2012) - 1.6Mt @ 1.4% Cu, 0.04% Co and 14g/t Ag; and
Windabout (JORC 2004) - 18.7Mt @ 1.0% Cu, 0.05% Co and 10g/t Ag
The key terms of the farm in agreement are:
Stage 1 - Gindalbie will spend A$1.37M during the first 12 months to earn 25%.
Stage 2 - Gindalbie will spend an additional A$2.5m to earn an additional 26% within a maximum of 4 years.
Stage 3 - Gindalbie can earn an additional 19% by spending a further A$2.75M within a maximum of 6 years. At the completion of Stage 3, Gindalbie has the option to purchase an additional 5% for A$1.5M.

The total of the staged and option payments is US$6.24M (A$8.12M)2, MinesOnline.com have discounted these payments by a nominal 10% discount rate to determine a NPV of US$4.48M (A$5.83M). Based on the discounted cash consideration and 75% of the Mt Gunson Copper-Cobalt Project's Total Resources, equating to 528.4Mlb CuEq3, the transaction is valued at US$0.008/lb4 on a resource tonne equivalent basis.
The valuation on a resource pound basis is at an approximate 20% discount to the MinesOnline.com's Exploration 1 year multiple (US$0.010/lb), equivalent to the 3 year multiple and at a 50% discount to the 5 year multiple (US$0.016/lb).

MinesOnline.com notes the similar recent transactions:
Tottenham - 2017 (2.1Mt @ 1.2% Cu for 55.56Mlb Cu) for US$0.54M - US$0.010/lb
Thaduna/Green Dragon - 2016 (5.14Mt @ 1.8% Cu for 203.77Mlb Cu) for US$1.53M - US$0.007/lb

www.minesonline.com
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veeone
Posted on: Mar 16 2017, 10:43 AM


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Posts: 5,055

SciDev Ltd (ASX: SDV) (‘SciDev’ or ‘the Company’) is pleased to announce it has signed a two-year contract with Peabody Energy (‘Peabody’), the world’s largest non-government coal mining company, for the supply of an OptiFlox® System and associated chemicals at the 12 mtpa Wilpinjong thermal coal mine in New South Wales.
The total value of the contract is estimated to be $350,000 to $400,000 per annum and significantly strengthens SciDev’s growing revenue base. Peabody will pay a monthly leasing fee for use of the OptiFlox® System at Wilpinjong, along with the purchase of associated waste-water treatment chemicals.
The Wilpinjong contract formalises the relationship with Peabody and follows the successful installation of an OptiFlox® Mark-2 System at Wilpinjong in December 2016, after a successful six-month trial at the facility. The success of the Wilpinjong trial has resulted in an increased level of industry interest in the OptiFlox® System.
The OptiFlox® system is designed to address the issue of ‘blackwater’ in which the clarity of the water from a coal tailings’ thickener deteriorates to an unacceptable level, resulting in the coal washing plant shutting down and at times, coal production ceasing.
The OptiFlox® system continuously measures particle characteristics of the coal tailings slurry in order to maintain
optimal flocculation conditions through automated, real-time control of coagulant dosing. The system minimises delays
and stoppages in production, caused by ‘blackwater’, and enables consistent clarified water to be produced for
return to the washing plant.
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veeone
Posted on: Mar 13 2017, 07:51 PM


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Posts: 5,055

CHANGE OF NAME to SCIDEV LTD
The Company’s change of name from Intec Ltd to SciDev Ltd is now effective.
The new ASX ticker code, from the opening of trading on Tuesday 14 March 2017, will be SDV.
  Forum: By Share Code

veeone
Posted on: Jan 6 2017, 01:32 PM


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Posts: 5,055

Well been a long time loser in the this one!!! So many of us too!!!
Added some more with the capital raising and dare i say averaged down...............
Name change to come shortly. Wonder what ticker SciDev will have?????
Maybe the new coal treatment can do better for INL this trip around the mulberry bush with different management....... well partly.
Wonder if Dave Sammut still owns shares in them. Was about the only person i liked with the old team. Sadly he has gone to
hopefully greener pastures but i reckon he keeps an eye on his old company. They had so much potential 10 years ago and Dave new that!!!
Gosh been that long....well a bit longer for me. Good-luck all long termers. Cheers V1
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veeone
Posted on: Jan 6 2017, 01:21 PM


Group: Member
Posts: 5,055

Dont hold this but thought it was an impressive announcement today!!! Still got 9.1 billion shares issued though. V1

Atlas Iron Limited (ASX: AGO) is pleased to advise that it finished the December 2016 Quarter with cash on hand of A$134 million as a result of the strong cash flow generated during the quarter. This is up from A$95 million at September 30, 2016.
The significant increase in cash came after making principal and interest payments of A$20 million during the December 2016 Quarter and A$3 million in repayments to the WA Government in relation to the royalty relief program.
Under the cash sweep requirements of the Company’s term loan debt facility, any cash on hand at the end of each quarter in excess of $80 million is paid to the lenders. As a result, Atlas has repaid A$54 million, reducing its US term loan debt to A$118 million (using a 31 December 2016 FX rate of A$1=US$0.7236) from the A$180 million owed in May 2016 following the restructure.
Atlas’ financial performance in the December 2016 Quarter reflected the strength of the realised iron ore price, offset in part by the impact of the lower Australian dollar on the balance of its US-dollar denominated debt.
Atlas is well-positioned to continue this performance in the March 2017 Quarter due to hedging contracts in place for many of this quarter’s shipments
Atlas Interim Managing Director Daniel Harris said the Company had enjoyed a remarkable financial turnaround from its position prior to the restructure early last year.
“Atlas is now on track to be in a net cash position by the middle of this year,” Mr Harris said.
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veeone
Posted on: Mar 7 2016, 06:35 PM


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Posts: 5,055

How many years can this company just sit back and do nothing. ASIC should have rules about such inactivity!!!
Fat cats on the board getting paid year on year handsomely while long suffering shareholders are kept in the dark!! Shamefull. V1
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veeone
Posted on: Jan 5 2015, 12:24 PM


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Posts: 5,055

Toyotas big gamble

https://www.youtube.com/watch?v=sAFJTGfKp78
  Forum: Off Topic Chat

veeone
Posted on: Jan 5 2015, 12:23 PM


Group: Member
Posts: 5,055

Worlds fastest police cars in Dubai
https://www.youtube.com/v/tjPUGMJ86E0&r...&autoplay=1
  Forum: Off Topic Chat

veeone
Posted on: Jan 5 2015, 12:21 PM


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Posts: 5,055

looks like some are not in favour of the dual listing with 25c down today........V1
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veeone
Posted on: Jan 5 2015, 12:16 PM


Group: Member
Posts: 5,055

Lousy 1million !!! grrr.gif

MOLOPO ENERGY AGREES TO SELL FIESTA ASSETS
Molopo Energy Limited (“Molopo” or the “Company”) (ASX:MPO) is pleased to announce it has entered into an agreement to sell its Fiesta assets located in Crockett
County, Texas for proceeds of US$1 million.
These properties are the final remaining piece of the value maximization process commenced by Molopo just over two years ago, and represent the only producing
assets the Company owns. They were not providing positive cash flow to the Company and were not part of the Company’s go forward plan. There are several
costly capital expenditure programs that would need to have been undertaken had the Company continued to own the properties. Once the sale is finalized, there will
be a material reduction in the Company overhead, as the costs associated with managing and reporting these operations will no longer be required.
The transaction, which is subject to customary due diligence, is expected to close by the end of January 2015.
Canaccord Genuity acted as exclusive financial adviser to Molopo on the sale.
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veeone
Posted on: Dec 8 2014, 03:13 PM


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Posts: 5,055

Wow that was a line wiper in auction.........140 million shares thru approx closed at $2.19...........V1
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veeone
Posted on: Dec 8 2014, 09:47 AM


Group: Member
Posts: 5,055

Some new what was going on way before this announcement today.........V1

SYDNEY, 8 December 2014: The Qantas Group today announced that it expects to report an Underlying Profit Before Tax1 in the range of $300 million to $350 million for the first six months of financial year 2015.
All operating segments of the Qantas Group are expected to be profitable in the first half, at an Underlying Earnings Before Interest and Tax level.
The strong turnaround in the Group’s financial performance is being driven by rapid progress with the $2 billion accelerated Qantas Transformation program announced 12 months ago. To date, all targets under the program have been either met or exceeded.
After realising $204 million in Qantas Transformation benefits in the second half of financial year 2014, the Group is on track to realise at least $350 million in further benefits in the first half of
financial year 2015 The Group expects to receive a $30 million benefit in the first half from lower Australian dollar fuel prices.
Qantas CEO Alan Joyce said the Qantas Transformation program was gathering pace and, with a more stable operating environment, benefits were flowing directly to the Group’s financial results.
“Today we confirm that Qantas is set to report its best first half result since 2010,” Mr Joyce said.
“This demonstrates that the strategy we have outlined to transform our business is working. This is an improvement of over $550 million compared with the first half last year, with Qantas
Transformation being the primary driver of the turnaround. “Qantas is 12 months into a three and a half year program, but these strong early results give us the confidence that we will continue to meet all the targets we have set. We are committed to completing the full, $2 billion program to ensure a sustainable, competitive position for the long term.
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veeone
Posted on: Dec 4 2014, 09:58 AM


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Posts: 5,055

Cheque or bank account?? Cheers V1
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veeone
Posted on: Dec 4 2014, 09:46 AM


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Posts: 5,055

Jeeves nothing in my account as of now. I heard the 4th as well so maybe overnight banking tonight hopefully.
Pretty shamefull of the government isn't it!!! They had some of our money for a month or more now and longer for some people probably!!! V1
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veeone
Posted on: Dec 1 2014, 11:17 AM


Group: Member
Posts: 5,055

Still steaming upwards?? Up 70c in 6 weeks.........volume and price change not a bother to asx.............. Would have been better investment than MPL!!! V1
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veeone
Posted on: Dec 1 2014, 11:13 AM


Group: Member
Posts: 5,055

Would have been nice to see some news to get options in the money!! V1
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veeone
Posted on: Dec 1 2014, 10:21 AM


Group: Member
Posts: 5,055

Thanks Mull biggrin.gif
Cash would have been handy for trading in the meantime!! V1
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veeone
Posted on: Dec 1 2014, 10:02 AM


Group: Member
Posts: 5,055

Anyone got their refund yet!! Week later and bank account has not received it!! Government is quick to take your cash but ohhhh so slow to return it!!
Bet they gettting nice interest on it!!! grrr.gif V1
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veeone
Posted on: Nov 26 2014, 03:31 PM


Group: Member
Posts: 5,055

Not where i thought it might go today................. wacko.gif
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veeone
Posted on: Nov 26 2014, 03:30 PM


Group: Member
Posts: 5,055

https://content.markitcdn.com/CommSec/Api/D...jpudWxsfQ==.pdf

If you want to read.
  Forum: Off Topic Chat

veeone
Posted on: Nov 26 2014, 03:26 PM


Group: Member
Posts: 5,055

closed at $1.50 today.............





http://www.money3.com.au/
  Forum: Off Topic Chat

veeone
Posted on: Nov 26 2014, 03:19 PM


Group: Member
Posts: 5,055

Originating Process Filed in Response to requests under section 249D of the Corporations Act 2001 Molopo Energy Limited (“Molopo”) advises that it has filed an originating process in the Supreme Court of New South Wales in relation to the requests from Keybridge Capital Limited (Keybridge) for the directors to convene general meetings of shareholders of Molopo which were the subject of ASX announcements by Molopo on 13 November 2014 and 20 November 2014.
The originating process seeks a declaration that the directors are not required to call a general meeting in response to a request received from Keybridge which is purported to be pursuant to
Section 249D of the Corporations Act 2001(Cth) to consider resolutions relating to a capital reduction (which was the subject of Molopo's ASX announcement on 13 November 2014) and that
the time period of 21 days for the directors to convene a meeting of shareholders in response to the request be extended until the Court has determined the validity of the request. Similar orders
are sought in relation the further request received by Molopo from Keybridge relating to changes to the directors the subject of Molopo's ASX announcement dated 20 November 2014.
  Forum: By Share Code

veeone
Posted on: Nov 26 2014, 10:19 AM


Group: Member
Posts: 5,055

They buy as well as sell on any given day. They want to get as many as they can as cheap as they can so move the market so to speak.
Several orders of several million shares sold in one hit is not mum and dad investors so proves the above point.
As nipper said one insto completely missed out so they probably bought heaps yesterday and also sold alot of what they bought too in the hope of buying cheaper today. Loss for now will turn to a profit later in the game for them they dont worry about such little things on a day to day basis.
If you ever want to check out the above look at some of the becoming a significant holder notices or change notices that have the printout of their trading activities attached......opens your eyes i must say. V1
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veeone
Posted on: Nov 25 2014, 04:47 PM


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Posts: 5,055

Last half hour was a doozy...Concerted effort to push it lower..........Did well the rest of the day! V1
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veeone
Posted on: Nov 25 2014, 04:04 PM


Group: Member
Posts: 5,055

QUOTE
Citigold could still achieve the targeted 25,000 ounces of gold production for calendar 2009 - "or near enough to it".


Five years on and its no closer to the above............. V1
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veeone
Posted on: Nov 25 2014, 03:56 PM


Group: Member
Posts: 5,055

Nil Interest rate..........Just as well when you see the deal they have instead..........10 to 20 percent gain is alot better and 20 million shares to boot.
Heard of highway robbery what would this come under?? Incredible!! This company continues to survive.................off shareholders backs!! V1

$3 Million Funding Agreement
25 November 2014: Brisbane, Australia – Citigold Corporation Limited (“Citigold” or “Company”) (ASX:CTO) is pleased to announce that it has agreed to a $3 million debt facility
to assist in further advancing its high grade 100% controlled Charters Towers gold project.
Highlights:
 $3 million debt facility.
 Term 12 months
 Funds used for general business purposes
 Ensure adequate cash flow until larger capital funding deal concluded
The loan facility (Note) has nil interest rate. The Note is fully drawn at the start by the issue of 30,000 notes of $100 each. The Notes are not convertible into shares. Citigold can redeem the Notes at any time at a redemption cost of $110 per note if within 6 months, and a cost of $120 per note if between 6 and 12 months. The Notes are secured by mortgages over some of the mining leases and other tenure controlled by Citigold as well as the process plant. The Note facility is with CGN Finance Pty Ltd and was brokered between Citigold and CGN
by 1P Capital out of Sydney. As part of the overall deal 20 million shares will be issued. In accordance with the ASX
Listing Rules attached is an Appendix 3B in relation to the shares.
This short term funding deal should provide Citigold with adequate funding to continue to advance mine planning. A low cost mining approach is a key focus. We are looking to
continually reduce our business costs. Productivity will be further improved as we expand Citigold’s highgrade underground mine at Charter Towers using the latest technologies and efficiencies. We plan to compete for the world’s lowest quartile “all in” production costs.
Potential major capital development funding is advancing strongly with a few parties who are enthusiastic about getting involved with the development of the Charters Towers Gold
Project. This recent Note facility will help accelerate completion of this capital funding
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veeone
Posted on: Nov 25 2014, 11:06 AM


Group: Member
Posts: 5,055

$2.22 open which is good. Lets see where the big boys take it now!! V1
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veeone
Posted on: Nov 21 2014, 11:37 AM


Group: Member
Posts: 5,055

QUOTE
shipping at an annualised rate of 6.4 wet metric tonnes per annum.


Surely a typo? V1

The operational difficulties at the Karara Project have coincided with a period of significantly lower iron ore prices due to increased supply and a persistently high Australian Dollar. These factors have helped create what must be as close to the perfect storm as one can get.
The combined impact of these issues meant that, in accordance with Australian accounting standards, the Gindalbie Board made the decision to write-off the investment in KML and this was incorporated into the 2014 financial statements. Gindalbie continues to own its KML shares and the investment in KML remains a key asset. The write-down, however, reflects our value assessment of its value based upon the current underlying performance and current market fundamentals impacting upon KML.
On a positive note, KML is making progress with the debottlenecking of the Karara Project and improvements in production are being achieved. Production for the September 2014 quarter saw an increase of 35.5% over the previous June 2014 quarter. KML has advised it has made record shipments of magnetite concentrate in October 2014, shipping at an annualised rate of 6.4 wet metric tonnes per annum.
During the year Ansteel injected fresh cash into KML through a series of new shareholder loans and three prepayment or forward sale agreements. Ansteel also arranged three important new bank debt facilities as well as a new bank guarantee facility for KML. This financial support has been crucial to enable KML to meet both its ongoing financial requirements and to debottleneck the plant and increase production levels at the Karara Project.
Ansteel also converted two of its previous shareholder loans into new shares in KML which reduced Gindalbie’s shareholding in KML from 50% to 47.84% and shifted control of the entity to Ansteel with a shareholding of 52.16%. Ansteel has the right to subscribe for new equity in KML and if this right was exercised it would increase Ansteel’s stake in KML to approximately 62%.
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veeone
Posted on: Nov 21 2014, 11:03 AM


Group: Member
Posts: 5,055

Receipt of another request under section 249D of the Corporations Act 2001
Molopo Energy Limited (“Molopo”) advises that it has received yet another request from Keystone Capital Limited  to call a general meeting which purports to be pursuant to Section 249D of the Corporations Act 2001(Cth) ( Request).  
The Request is that a general meeting be convened by directors to pass the following resolutions;
(a) the removal of Don Engle as a director;
(b) the  removal of Glenn Ross as a director;
© the removal of Greg Smith as a director;
(d) the removal of any new directors appointed on and from 17 November up until the end of the relevant shareholders meeting  held in response to the Request apart from the directors
referred to in (e) and (f) below;
(e) the appointment of Nicholas Bolton as a director;
(f) the appointment of Anthony Sormann as a director.
The Request states that the business of the Request is not to be considered if both the resolutions referred to in Keybridge's previous request  under s249D ,the subject of Molopo's announcement  of 13 November 2014, are passed by the required majorities.
The directors of Molopo are considering the validity of this further Request and note if it is considered valid then a notice of meeting would need to be sent to shareholders convening the
meeting within 21 days of receipt of Request.
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veeone
Posted on: Nov 20 2014, 01:56 PM


Group: Member
Posts: 5,055

Barra think we will all get big refunds from what i have seen reported.
Pre registering supposedly qualified you for 15% more maybe the same for members......V1
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veeone
Posted on: Nov 20 2014, 09:28 AM


Group: Member
Posts: 5,055

QUOTE
or just buy cows


Funny you say that Frodo.......as thats what Gina Reinhart is doing.........
http://www.bloomberg.com/news/2014-11-13/c...ula-switch.html

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veeone
Posted on: Nov 19 2014, 05:00 PM


Group: Member
Posts: 5,055

QUOTE
Pre-listing shadow markets were already trading Medibank shares at $2.15 last week," Citigroup told clients on Monday."


Trading something that doesn't exist already!!!! Unbelievable.......

If they get called on what they haven't got maybe it will be a rush to get shares when it opens officially. V1
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veeone
Posted on: Nov 14 2014, 01:18 PM


Group: Member
Posts: 5,055

Thats alot of workers!! V1

More than 8,000 Glencore coal workers will be forced to take annual leave as the mining giant shuts down its Australian coal operations due to an oversupply of the commodity.

Glencore will shut down all of its 20 coal mines across NSW and Queensland from mid-December, cutting production by five million tonnes.

Annual leave will be imposed on employees over the Christmas period, and leave will be brought forward for those employees who have low holiday balances.

Hundreds of employees who conduct critical maintenance will be unaffected by the shutdown.

Glencore said the move was driven by the current oversupply of coal, which has hurt prices.

'This is a considered management decision given the current oversupply situation and reduces the need to push incremental sales into an already weak pricing environment,' it said in a statement.

All of the commodity giant's coal operations remain under review after two years of cost cutting.

The company acknowledges the shutdown is unlikely to affect global prices.

It is unable to rule out future shutdowns if coal prices remain weak, but is confident demand for coal will grow and the oversupply would be addressed over the medium term.

'We remain confident in demand growth for our products and believe that the supply and demand balance will be restored in the medium term," Glencore said.

The global seaborne coal market is more than one billion tonnes, and spot prices for thermal coal have more than halved to around $US60 per tonne since 2011.

Glencore plans to continue shipping coal to meet its existing sale requirements.

The company owns 20 coal mines at 13 mine complexes across NSW and Queensland, which produced more than 80 million tonnes of thermal and coking coal in 2013 and employed around 8,600 people.
www.skynews.com.au/news/top-stories/2014/11/14/glencore-shuts-down--miners-on-forced-leave.html?cid=BP_RSS_sn-topstories_2_glencore-shuts-down--miners-on-forced-leave_141114#sthash.3X57p09u.dpuf
  Forum: Off Topic Chat

veeone
Posted on: Nov 12 2014, 11:29 AM


Group: Member
Posts: 5,055

National Australia Bank has moved to settle a multi-million

dollar class action over unfair fees.

NAB and law firm Maurice Blackburn have lodged an application in the Federal Court to open and close the class action, signalling that they are working to settle the matter.

The bank on Wednesday described the move as 'a first but significant step' towards a potential settlement.

'NAB is doing this because we believe this is the right thing to do for our customers and our business,' chief executive Andrew Thorburn said in a statement.

The action could see NAB pay out up $40 million to around 30,000 customers, according to the News Limited.

The class action is one of a string of legal actions un

undertaken by Maurice Blackburn against Australian banks, including ANZ, Westpac and the Commonwealth Bank, over unfair fees.

Earlier in 2014, the Federal Court ruled ANZ had illegally

imposed penalties for late payments on credit cards.

Those charges - made when a customer missed a minimum credit bill payment - were either $20 or $35, representing a mark-up of up to 7,000 per cent on actual costs of as low as 50 cents.

- See more at: http://www.skynews.com.au/news/top-stories...h.ReoEss57.dpuf
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veeone
Posted on: Nov 12 2014, 10:22 AM


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Posts: 5,055

Did you get it sorted jwlkr?? V1
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veeone
Posted on: Nov 12 2014, 10:20 AM


Group: Member
Posts: 5,055

Frodo you applied online with the pre-register???
If you did you should have had emails immediately.........
I don't know how many i have been allocated just going by comments around the traps about scaling back. Cheers V1
  Forum: By Share Code

veeone
Posted on: Nov 11 2014, 03:54 PM


Group: Member
Posts: 5,055

On 31 October 2014, Keybridge Capital Limited (ASX:KBC) (Keybridge) lodged a requisition of meeting with the board of Molopo Energy Limited (ASX:MPO) (MPO) to procure an extraordinary general meeting of MPO shareholders (Meeting), to enable MPO shareholders to provide the board of MPO with their views on the future direction of MPO, and to specifically consider a capital return of the existing surplus funds of MPO, subject to satisfying the requirements of the Corporations Act 2001 (Cth) (Corporations Act). MPO first rejected this requisition as being an invalid request by a shareholder and indicated that it did not intend to provide MPO shareholders with the opportunity to consider the proposal.
Keybridge disagrees with this interpretation; however, in the interests of time Keybridge has now varied its requisition to remove contention and has resubmitted it as a new requisition to MPO today.
The revised requisition of meeting contains two resolutions, one to vary article 5.1 of MPO’s constitution to clearly articulate the member’s right to require a capital return, the other to effect a 21.75c per share equal capital return to shareholders (Capital Return Resolution). Keybridge considers that the current market valuation of MPO’s shares trading on the ASX is significantly below the intrinsic value of MPO’s assets, with MPO carrying approximately A$65.7 million (A$0.264 per share) in cash and A$57.3 million (A$0.231 per share) in net cash assets as at 31 October 2014 after accounting for the litigation provisions made by the Company. This compares to the most recent closing price of MPO shares of A$0.165. Keybridge considers that MPO shareholders will therefore benefit immediately from MPO engaging in a capital return transaction which seeks to release some of that underlying value back to MPO’s shareholders. A prompt return to MPO shareholders of the existing surplus funds will ensure that MPO shareholders are materially better off with the majority of MPO’s cash assets directly in their
own hands, in the current circumstances where the future strategic direction of MPO is at best uncertain and where it is accordingly unlikely that MPO shareholders will be able to exit by way of a higher offer from a third party.
To that end, Keybridge has requested that the board of MPO calls the Meeting to provide MPO shareholders with the opportunity to vote on a resolution designed to effect a return of capital
amounting to A$54.1m representing 21.75 cents per MPO share. Keybridge has relied on the public disclosure made by the Directors of MPO in determining the appropriate amount of excess capital available to be returned to shareholders.
The Capital Return Resolution represents an opportunity for MPO shareholders to promptly realise certain value for their MPO shares and, based on information provided by MPO to the market, would not compromise the ability of MPO to repay its creditors, including with respect to the Canadian legal disputes that continue to affect MPO. MPO will likely be left with approximately 4.7c per share of cash, and 1.4c per share of net cash as at 31 October 2014 after litigation provisions in addition to its
other assets if the 21.75c capital return is approved and paid.

QUOTE
I hope majority of long term holders are against this due to the fact they are all heavily underwater with MPO holdings!! V1
  Forum: By Share Code

veeone
Posted on: Nov 11 2014, 10:32 AM


Group: Member
Posts: 5,055

Ouch!!
May close early then as they have a disclaimer in there that they can do that i read!!! Looks like i will get a refund then!! Cheers V1
  Forum: By Share Code

veeone
Posted on: Nov 9 2014, 06:13 PM


Group: Member
Posts: 5,055

Wow 8% of what you wanted is not good. Could you also have bought through the IPO and got more that way (double dip)? You get 15% more they say by the pre-registering.
Put in for what i wanted thru the IPO instead my broker. Bpayd the amount so now wait and see what scale back there is i guess.
Hope its not a huge scale back as as you say may not have been worth the trouble. Also in the time it take to get refund the money could have been used elsewhere!! Cheer V1
  Forum: By Share Code

veeone
Posted on: Nov 5 2014, 11:02 AM


Group: Member
Posts: 5,055

Receipt of request under section 249D of the Corporations Act 2001
Molopo Energy Limited (“Molopo”) advises that it has received a request from Keybridge Capital Limited to call a general meeting which purports to be pursuant to Section 249D of the Corporations Act 2001(Cth) (“Request”).
The Request is that a general meeting be convened by directors to pass a resolution that the issued share capital of the Company be reduced by approximately AUD$54,093,496 by the payment to shareholders of fully paid ordinary shares in the Company of the amount of 21.75 cents per fully paid ordinary share.
The directors of Molopo have considered the Request and determined that it is not valid therefore do not intend to convene a shareholders meeting in terms of the Request.
However, as announced on 2 September 2014, Molopo is currently considering a return of capital as part of its capital management initiatives. The amount of any such return is subject to a number of factors including current litigation involving Molopo. Molopo anticipates being in a position to make a further announcement on this issue shortly.

Someone trying it on!! Then wind up the company. I want alot more than a paltry 21.75c!!
  Forum: By Share Code

veeone
Posted on: Oct 29 2014, 01:21 PM


Group: Member
Posts: 5,055

High volumes on Qantas the last few days.....as yet no speeding ticket..........seen plenty jumped on for lesser moves?? Close to 30c rise..........2day will be forth day of greater than 25 million volume in a row.V1
  Forum: By Share Code

veeone
Posted on: Oct 22 2014, 03:14 PM


Group: Member
Posts: 5,055

Whats people thoughts on medibank private?? Good value at below $2?? V1
  Forum: By Share Code

veeone
Posted on: Oct 15 2014, 10:33 AM


Group: Member
Posts: 5,055

RESPONSE TO ASX PRICE QUERY

In reply to your notice dated 14th October 2014:
Question 1: Is the Company aware of any information concerning it that has not been announced which, if known, could be an explanation for recent trading in the securities of the company?

Response: The Company is aware of an on-market crossing of a parcel of shares, however is not aware or in possession of any other information that would explain trading in the Company’s securities from close of trading on Monday 13th October 2014 as defined in your letter.

Never came up as a crossing on my screen so must be why ASX is questioning the 9 million or so volume that suddenly went thru early yesterday.........V1
  Forum: By Share Code

veeone
Posted on: Oct 10 2014, 11:54 AM


Group: Member
Posts: 5,055

That's going to put the cat amongst the pigeons!! V1
  Forum: Investment Discussion

veeone
Posted on: Oct 7 2014, 01:55 PM


Group: Member
Posts: 5,055

4.5 getting tested today........V1
  Forum: By Share Code

veeone
Posted on: Oct 2 2014, 12:56 PM


Group: Member
Posts: 5,055

QUOTE
I get the impression that the break level (4.5c ) may remain support for some time to come.


Might get tested very soon Arty!! V1
  Forum: By Share Code

veeone
Posted on: Oct 1 2014, 07:56 PM


Group: Member
Posts: 5,055

Cheers annaliese. Might be a nice Christmas rally with RLE. V1
  Forum: By Share Code

veeone
Posted on: Oct 1 2014, 07:52 PM


Group: Member
Posts: 5,055

Seems to have stalled at present. Need some news to get some momentum to break 5c. V1
  Forum: By Share Code

veeone
Posted on: Sep 30 2014, 04:07 PM


Group: Member
Posts: 5,055

Holy crap what happened. 3 minutes into auction still showing normal instead of preopen and now all i get on my watchlists is 00000 0000 00000 V1

Trading Status Error
  Forum: Investment Discussion

veeone
Posted on: Sep 30 2014, 03:05 PM


Group: Member
Posts: 5,055

Onward and upwards!! V1
  Forum: By Share Code

veeone
Posted on: Sep 30 2014, 03:00 PM


Group: Member
Posts: 5,055

Welcome to the 4 billion club!!! geez.....V1

Share capital Shares
Ordinary shares on issue at the date of the Prospectus 2,549,217,432
Maximum number of New Shares offered under the Prospectus 1,529,530,459
Shares on completion of Offer 4,078,747,891
  Forum: By Share Code

veeone
Posted on: Sep 25 2014, 09:38 AM


Group: Member
Posts: 5,055

Why bother with the takeover offer when they can buy cheaper on market!!!
Seems to be going their way!! V1
  Forum: By Share Code

veeone
Posted on: Sep 18 2014, 09:51 AM


Group: Member
Posts: 5,055

QUOTE


Well well several months have passed and nothing further so was it just a ploy by Bentley to get SP up and enable them to get out?? V1
  Forum: By Share Code

veeone
Posted on: Sep 18 2014, 09:48 AM


Group: Member
Posts: 5,055

You got out with a profit crooky thats the main thing. Might just a good omen for your next csg trade. Just wonder what to buy next not many left at present with potential. V1
  Forum: By Share Code

veeone
Posted on: Sep 18 2014, 09:44 AM


Group: Member
Posts: 5,055

Sayonara Westside
It was great while it lasted and would have been even greater in a couple more years!!!

QUOTE
Westside Corporation Limited (the “Company”) will be removed from the official list of ASX
Limited after the close of trading on Thursday, 18 September 2014, in accordance with Listing
Rule 17.14, following notification that Landbridge Energy Australia Pty Ltd intends to
compulsorily acquire the Company.



Wonder how long before we hear Landbridge has offloaded its asset to someone else in China??? V1
  Forum: By Share Code

veeone
Posted on: Jul 7 2014, 07:39 PM


Group: Member
Posts: 5,055

Wait and see if Senrigan sell soon i reckon.
Gonna be the longest takeover in history the way they keep extending........
Show markets still unimpressed with LB.
Lots of big holders still left to sell???
We get more time to wait and see with each extension and i'm sure plenty are thinking this!!! V1
  Forum: By Share Code

veeone
Posted on: Jul 1 2014, 02:46 PM


Group: Member
Posts: 5,055

Some sellers at 41 pulled orders not much available at this price now!!!
Whats next?? V1
  Forum: By Share Code

veeone
Posted on: Jul 1 2014, 12:03 PM


Group: Member
Posts: 5,055

Thats what i'm looking forward to seeing!! V1
  Forum: By Share Code

veeone
Posted on: Jul 1 2014, 11:49 AM


Group: Member
Posts: 5,055

Might be something brewing here with over 5 million thru now at 40.5. Line swipe of 41 would be good to see!!! V1
  Forum: By Share Code

veeone
Posted on: Jul 1 2014, 11:01 AM


Group: Member
Posts: 5,055

Lots more buying today at 40.5 so some like the latest news with regard to drilling program extension. V1
  Forum: By Share Code

veeone
Posted on: Jul 1 2014, 10:15 AM


Group: Member
Posts: 5,055

SECOND SUPPLEMENTARY TARGET’S STATEMENT


WestSide advises that there have been no material developments in the discussions with
third parties referred to on page 15 of the Original Target’s Statement.


Hmmm no competing offer coming one would expect.......V1
  Forum: By Share Code

veeone
Posted on: Jul 1 2014, 10:14 AM


Group: Member
Posts: 5,055

1 July 2014

Meridian development drilling on track - further field expansion planned

Key points:
 First new lateral production well has been drilled and is expected to be on-line
by the end of July
 An additional program of new wells is being planned for later this year
 Gas sales stable for tenth consecutive month

WestSide Corporation Limited (ASX code: WCL) advises that the first new lateral
production well in the current Phase 1 well program has been successfully drilled at
the Meridian gas field and is expected to be on line by the end of July.
Once connected and on-line the new lateral well is expected to take several months
to ramp up to peak production.
WestSide’s Managing Director Mike Hughes said the new well was successfully
drilled laterally into the ‘A’ seam at a depth of 320 metres.
“An investment in quality steering technology provided clear imaging of the coal and
has contributed to the success of the well,” Mr Hughes said.
“Drilling operations are continuing and progressing on track, with the remaining
Phase 1 drilling program planned to be completed by the end of August.”
Gas sales volumes from the Meridian field have remained stable for ten consecutive
months, with an average of 11.5 TJ/day sold in June.
Mr Hughes said planning was now well underway for a second phase drilling
program later in 2014 to further build on the success to date of the first phase.
“The stability of the production from existing wells and the successful drilling of this
lateral well and the two vertical wells earlier in June have given WestSide further
confidence in the expansion of the Meridian gas field,” he said.
“This second phase drilling program will also be funded out of existing cash
reserves.”
As previously announced, WestSide is assessing several debt financing proposals
from potential financiers to fund the Company’s 51 per cent share of future Meridian
gas field development costs.
The Meridian Joint Venture has a binding 20-year Gas Sale Agreement to supply up
to 65 TJ/day to the participants in the GLNG project at Gladstone. The GSA with
GLNG provides WestSide with flexibility for a staged ramp up in supply volume from
2015.
  Forum: By Share Code

veeone
Posted on: Jun 30 2014, 04:25 PM


Group: Member
Posts: 5,055

Plenty buying at 40.5 so will make things difficult for Landbridge. They have picked up a few percent but at this rate will take them a long time to get their required!!! V1
  Forum: By Share Code

veeone
Posted on: Jun 30 2014, 04:16 PM


Group: Member
Posts: 5,055

Molopo Energy Limited: Cash Offer at 25c per Share


Bentley Capital Limited advises that it received an offer for the whole of its shareholding in
Molopo Energy Limited (MPO) comprising 33,763,838 shares (being approximately 13.66% of
the issued capital of MPO) at a price of 25c per share for a total cash consideration of
approximately $8,440,000, subject to the parties entering into a binding agreement.

After receipt of draft documentation from the offeror, the parties have not reached agreement
on a formal contract by the time specified by Bentley and an agreed standstill period during
which Bentley agreed not to sell or buy any MPO shares has also expired. However, given the
magnitude of the issued capital of MPO involved and the consideration proposed, Bentley
believes it is appropriate to inform the market about this offer and also of Bentley’s intention to
acquire additional shares in MPO.

Bentley will keep the market appraised if further negotiations eventuate resulting in a binding
agreement being reached.
  Forum: By Share Code

veeone
Posted on: Jun 19 2014, 02:25 PM


Group: Member
Posts: 5,055

19 June 2014
Funding proposals increase likelihood of accelerated Meridian expansion

WestSide Corporation Limited (ASX code: WCL) is assessing funding proposals and indicative term sheets received from several potential lenders to finance an
expansion of the Meridian gas field near Moura in central Queensland. WestSide’s Managing Director Mike Hughes said several Australian-based and international financiers have proposed debt facilities sufficient to fund WestSide's 51 per cent share of the expected cost of expanding the Meridian gas field to produce
up to 65 Terajoules per day (TJ/d). “The responses from a variety of prospective financiers have increased the Board’s confidence that an attractive credit facility can be secured to fully fund WestSide’s share of the field development,” Mr Hughes said. “Our aim is to fund an accelerated expansion of the Meridian gas field without diluting existing shareholders through additional equity capital raisings.”
The Meridian joint venture has a binding 20-year Gas Sale Agreement (GSA) to supply up to 65 TJ/d to the participants of the GLNG project at Gladstone. The GSA
with GLNG provides WestSide with flexibility for a staged ramp up in supply volume
from 2015.
This flexibility enables WestSide to plan a field development which it can fund from available financial resources. While WestSide can fund its share of the expansion to 65 TJ/d without sourcing any additional funding by utilising its existing cash balances and projected cash flows, gas delivery can be accelerated if additional capital is secured.
WestSide expects to receive several more debt funding proposals in coming days, in addition to those currently being assessed and plans to reach financial close on a funding facility with a preferred financier in the fourth quarter of this year.
  Forum: By Share Code

veeone
Posted on: Jun 17 2014, 07:15 PM


Group: Member
Posts: 5,055

QUOTE
Australia invented Russell Crowe, Split Enz, the pavlova, Phar Lap


Russell Crowe born Wellington New Zealand, Split Enz also from New Zealand as is the birth place of Phar lap.
Timaru Race track is named after Phar Lap as he was born nearby.
Tommy Woodcock Phar Laps strapper was my friends Uncle.
Pavlova is still debatable who invented it and i'm sure will always be that way. V1
  Forum: Investment Discussion

veeone
Posted on: Jun 16 2014, 04:17 PM


Group: Member
Posts: 5,055

They closed at $2 today. Can a new owner get out of the contract is what i would really like to know??
Even if they cannot get gas until 40tj they are still making money from the contract........
Easy for them to ramp up drilling and increase production significantly if they have the money to make things happen quickly.
Massive drilling campaign would deliver within 12 months if the got stuck in. V1
  Forum: By Share Code

veeone
Posted on: Jun 13 2014, 10:34 AM


Group: Member
Posts: 5,055

Would have to think LNG would be eyeing off WCL now especially with the incredible re-rating they have had in recent weeks (LNG). V1
  Forum: By Share Code

veeone
Posted on: Jun 13 2014, 10:32 AM


Group: Member
Posts: 5,055

Baupost large US Hedgefund bought up big and initial substantial holder!!! Very good news. V1
  Forum: By Share Code

veeone
Posted on: Jun 12 2014, 04:37 PM


Group: Member
Posts: 5,055

Nothing to say what if any increase in their holdings?? Hopefully none at all have taken the offer up!! V1
  Forum: By Share Code

veeone
Posted on: Jun 12 2014, 04:36 PM


Group: Member
Posts: 5,055

12 June 2014
Landbridge extends Offer Period to 8 July
Key Points
 Scheduled close of Landbridge’s Offer Period extended to 5.00pm (Brisbane time) on 8 July 2014
 WestSide’s Directors continue to recommend shareholders reject Landbridge’s Offer and do nothing in relation to any documents sent by Landbridge
 Meridian gas sales volumes continue at close to 12TJ/d
 Drilling programme on track Landbridge offer extension
WestSide Corporation Limited (WestSide) refers to the conditional offer announced on 24 April 2014 by Landbridge Energy Australia Pty Ltd (Landbridge) to acquire all of the Shares in
WestSide. WestSide advises that Landbridge has extended its Offer by two weeks such that the Offer will now close at 5.00pm (Brisbane time) on 8 July 2014 unless further extended or withdrawn by Landbridge in accordance with the Corporations Act 2001 (Cth). WestSide’s Directors continue to unanimously recommend that shareholders reject Landbridge’s Offer and do nothing in relation to any documents sent by Landbridge.

Business update
Gas sales from the Meridian gas field averaged 11.6 TJ/day in May. This is the ninth consecutive month of stable gas production, with no new wells having been drilled for 18 months. This continuing performance reflects the strong underlying potential of the existing well stock and underpins WestSide’s confidence in the productivity of future wells. WestSide’s current drilling programme continues on track. The first new well is anticipated to be on-line in mid-July and drilling will continue until August, with all wells expected to be connected and producing by September. This programme is the first step in enabling WestSide to deliver increased volumes into the new gas sales agreement with GLNG.
  Forum: By Share Code

veeone
Posted on: Jun 5 2014, 08:56 PM


Group: Member
Posts: 5,055

NHC may decide to add to its position they must be up to something and not just going to stand back and let the chinese take it lock stock and barrel.
I wonder of LB can get out of the gas contract WCL signed?? V1
  Forum: By Share Code

veeone
Posted on: Jun 5 2014, 08:50 PM


Group: Member
Posts: 5,055

High of $1.56?? Heading for the asx200 maybe??
Definately got some interest of late.
Wonder if there is something behind all the buying as 16 million traded today?? V1
  Forum: By Share Code

veeone
Posted on: May 22 2014, 11:58 AM


Group: Member
Posts: 5,055

Bermuda with LNG the company getting to 90c per share lately they would have the ability to raise quite a bit if they wanted to make a tilt.
They have chinese backing and Petro owns the block next-door they bought off Molopo. Could be a left fielder?? V1
  Forum: By Share Code

veeone
Posted on: May 19 2014, 12:01 PM


Group: Member
Posts: 5,055

The mention of "Unexpected parties" is the interesting bit!! So would not be Santos or new Hope so i wonder who?? V1



Shares in the CSG producer on Friday closed for the first time above Landbridge’s offer price as WestSide said it was in talks with potential rival bidders. WestSide chief executive Mike Hughes signalled the company fielded approaches from unexpected parties as it seeks to fend off Landbridge.
  Forum: By Share Code

veeone
Posted on: Apr 26 2014, 08:44 PM


Group: Member
Posts: 5,055

Hopefully if there is going to be competition it will be revealed in the next week which will be really interesting then!!
I think anyone else bidding would want to show they mean business and a minimum 10c above Landbridges offer is what would signal their intentions.
Would love to see that!!

Wolvy Directors always look after their own first!!! V1
  Forum: By Share Code

veeone
Posted on: Apr 25 2014, 08:11 AM


Group: Member
Posts: 5,055

Would the 19.99% landbridge now have be offputting for STO or another party???
The next couple of days will be important if lots sell now little chance of another party i would think jumping up to the plate............. V1
  Forum: By Share Code

veeone
Posted on: Apr 16 2014, 08:50 PM


Group: Member
Posts: 5,055

Dear Shareholder

I am writing to provide you with an update on the conditional notice of intention to make a conditional offmarket takeover bid ("Conditional Proposal") which was received from Chinese company Landbridge Group Co., Ltd ("Landbridge") on 10 March 2014.

The Board determined that the Conditional Proposal's price of $0.36 per share was manifestly inadequate and that the conditionality meant that there was significant risk as to whether an actual offer capable of acceptance would ever be received. Consequently, the Board decided to proceed with the gas sales agreement ("GSA") with GLNG, which is a substantially superior alternative for the Company and its shareholders. This is also in line with the Company's previously stated strategy of delivering significant value from the Meridian field under a highly attractive gas sales agreement.

The GSA allows for sales of up to 65 Terajoules a day (TJ/d) or 33TJ/d of gas net to WestSide, but even at a more conservative production rate of only 40TJ/d (gross) it could generate more than $60 million1 of revenue net to WestSide each year from 2016. It is our firm belief that the value of the GSA by itself significantly exceeds the value of the Conditional Proposal. In fact, simply continuing at current production rates with minimal additional investment would generate substantial free cashflow over the next 20 years from only producing Proved (1P) reserves. In addition, there is significant upside beyond the GSA, since at maximum, it would consume only about two thirds of our current Proven and Probable (2P) gas reserves and about one third of our Proven, Probable and Possible (3P) reserves. Our immediate plan, which is well underway, is to increase production volumes next year for delivery into the new GSA. Key contracts have been signed for the upcoming drilling programme and we will be commencing drilling shortly. We will also continue to work in parallel to add value to our noncontracted reserves, and indeed continue to explore for more reserves. As previously stated, our 2014 programme is fully funded from existing cash balances and the rate of future field expansion and therefore funding requirements is under WestSide's control. We are actively exploring a number of options including corporate debt, project finance and lease financing. Importantly, the Board will only pursue a funding strategy that delivers long term value to shareholders.

We have retained Highbury Partnership Pty Limited as financial adviser and Allens as legal adviser to help us review and respond to the Conditional Proposal. I will write to you again if there is a material development with respect to the Conditional Proposal. In the interim I urge you to disregard any communication from Landbridge. Here Here V1

  Forum: By Share Code

veeone
Posted on: Feb 22 2014, 01:11 PM


Group: Member
Posts: 5,055

Another few days of higher than normal volume traded this past week!! Words getting around it seems about Westside and an upcoming gas deal i would say.
Is it Joe blo or bigger fish entering the register?? V1
  Forum: By Share Code

veeone
Posted on: Feb 22 2014, 01:08 PM


Group: Member
Posts: 5,055

The board says they have been looking at acquisitions for some time now............ but until Bentley Capital get a position on the board and force their hand i don't see any return to holders as yet.
Or else we would have had a return in some way by now me thinks as they are doing squat else. They want the money for other things for sure!!!
I wonder if bentley is acting on the behalf of another major holder that is also disgruntled and this way they themselves don't have to get dirty fingers when push comes to shove later!!
They then just put their voting shares where they want them??V1
  Forum: By Share Code

veeone
Posted on: Feb 21 2014, 11:49 AM


Group: Member
Posts: 5,055

Wonder whats going on in their minds.......V1

Bentley Capital claims $7m Molopo stake
FEBRUARY 21, 2014 3:30AM
West Australian investor Farooq Khan's Bentley Capital has purchased a 13 per cent stake in Molopo Energy -- a company that is cashed up with $62 million.

Perth-based Khan, who chairs Bentley, made a play for control of a number of companies several years ago, all of which were cashed up and with limited prospects, including Biota Holdings. He succeeded in gaining control of several firms -- including Sofcom, Bigshop.com.au, Altera Capital and Rivkin Financial Services -- but has been quiet in recent years.

A Bentley board member, Chris Ryan, said the company had bought a 13 per cent stake in Molopo and had made "overtures" to the board about having a nominee appointed.

"We have made the case to the chairman," he said. Bentley spent about $7 million for the stake.
http://www.theaustralian.com.au/business/l...f-1226833305816
  Forum: By Share Code

veeone
Posted on: Feb 17 2014, 06:55 PM


Group: Member
Posts: 5,055

QUOTE
12,282,558


Bentley Capital were the buyers......Now have 13.66% Up from 8.29%........Wonder what they think they know??? V1
  Forum: By Share Code

veeone
Posted on: Feb 14 2014, 06:47 PM


Group: Member
Posts: 5,055

Someone bail today or just moving their holdings around??

2:52:22 PM 0.205 12,282,558 $2,517,924.390 S3 XT

Most volume MPO has had in one day ina very long time!! V1
  Forum: By Share Code

veeone
Posted on: Jan 9 2014, 03:15 PM


Group: Member
Posts: 5,055

QUOTE
These guys are fools and whilst Howard left us with a good position into the GFC selling TLS and CBA helped close some of the holes.


Not sure what it will fetch but talk of selling the governments stake in Australia Post has surfaced once again. Maybe they hope to plug holes again with funds from that and others if there is anything else left for them to part with?? V1
  Forum: Macro Factors

veeone
Posted on: Jan 9 2014, 02:56 PM


Group: Member
Posts: 5,055

Wren was quite funny just after the GFC and they were interviewing a load of ozzy tourists in Queenstown one night on the news and they were all gloating how they were spending their bonus the Oz government had given them to help stimulate the economy here as they were unemployed or low income earners etc. Nz's slow tourism at the time enjoyed the stimulus meant for Australia no end!! V1
  Forum: Macro Factors

veeone
Posted on: Jan 9 2014, 02:47 PM


Group: Member
Posts: 5,055

Lived there for 6 years recently and was suprised how expensive things have become when i got back home to oz even though i was here several times each year. Until you stay put for a while you donot get the real expsosure to all extra costs of living!! V1
  Forum: Macro Factors

veeone
Posted on: Jan 9 2014, 02:12 PM


Group: Member
Posts: 5,055

"1.00 AUD only equals about 1.075 NZD! Kiwis will be packing their bags to go home"

think they would have been more inclined to go back home when it was $1.30nz for one aussie dollar a few years back!! 30% gain

Better for them to come to oz right now than leave. Only 7.5% loss on their kiwi money. V1
  Forum: Macro Factors

veeone
Posted on: Dec 28 2013, 08:57 AM


Group: Member
Posts: 5,055

More money to be made out of CSG success!! V1




http://www.couriermail.com.au/news/opinion...v-1226747187508


  Forum: By Share Code

veeone
Posted on: Dec 20 2013, 08:55 AM


Group: Member
Posts: 5,055

Aussie company BEL has bought baker street capitals stake.........They are trading at 14c per share would they be looking at the cash we have and hoping to takes us out with a scrip deal?? You would think it would have to be attractive to someone. V1




(ASX Code: BEL)

Bentley Capital Limited is a strategic investment company listed on the Australian Securities Exchange. (ASX).

We are focused on investing our capital and our skills into emerging companies with strong capital growth potential. We generally take a substantial equity stake in selected companies and we target a small number of investments within the portfolio.

We favour investing in ASX listed companies but we also consider equity positions in private businesses and projects with a foreseeable commitment to ASX listing or other exit.

We are not an equities fund manager nor are we a venture capital or private equity firm. Our investment strategy is unique in that we look for companies that are generally not on the radar of traditional professional investors and which offer both deep value on entry but also significant near-term upside.

Accordingly we are focused on growth sectors such as resources, energy, technology and services. We have a global mandate.

Our primary objective is to generate outstanding absolute returns for the benefit of our shareholders.


  Forum: By Share Code

veeone
Posted on: Dec 19 2013, 02:19 PM


Group: Member
Posts: 5,055

Hello Kahuna

QUOTE
A nation with 110% debt to GDP, planning to have 130% debt to GDP with an equity market 50% above anyone else's will fall. Sadly like the AWA FX dealer, like the Barings trader


Everyone seems to agree on the figures so with that in mind what is holding up their market?? Is it the big end of town saying well it does not really matter the fed will bail us out again (with what) lets just push this puppy as high as it will go and in the mean time they have one leg out the door........... How are they valuing things??

You just have to wonder what's going to happen in the end!! V1




  Forum: Investment Discussion

veeone
Posted on: Dec 19 2013, 11:15 AM


Group: Member
Posts: 5,055

Baker Street Capital started selling down their position a while back but still had slightly more than 7% now have zero shares.

Someone yesty took the remaining 16,650,207 off them.....wonder who and what they are intending?? Certainly something to ponder with cash in the bank and shortly only one asset on the books!! V1

Total voting power reported per Form 604 filed on November 19, 2013 7.13%

[b]Total voting power reported per Form 605 filed on December 18, 2013 0.00%










[/b]


  Forum: By Share Code

veeone
Posted on: Dec 11 2013, 01:35 PM


Group: Member
Posts: 5,055

QUOTE
I don't think it spells winding up

Where did you hear that??
Think they are streamlining until their flagship is up to full production and then have cash there if they need it for further ramp up maybe.
That way there will not be a revolt if further dilution was mentioned to get funds if that were to occur. V1
  Forum: By Share Code

veeone
Posted on: Dec 11 2013, 01:28 PM


Group: Member
Posts: 5,055

Yes agree looking good for a slow steady rise hopefully! V1
  Forum: By Share Code

veeone
Posted on: Dec 9 2013, 10:48 AM


Group: Member
Posts: 5,055

Firing on all cylinders at the moment. V1
EQUITY PLACEMENT TO FURTHER PROGRESS MAGNOLIA LNG PROJECT

Highlights:

The Company is undertaking a placement of c.45m shares to institutional and sophisticated investors.

Foster Stockbroking appointed Lead Manager.

ASX BookBuild Facility is being used to allow all eligible investors to participate.

Lead Manager to pay stamping fee of 2.00%.

Pricing to be set via a bookbuild process, with the opening price set at $0.34/sh.

Placement expected to raise a minimum of $15.3m.

Following the equity raising, the Company will be well funded to progress Magnolia LNG on a 100% ownership basis in calendar year 2014.



  Forum: By Share Code

veeone
Posted on: Dec 9 2013, 10:42 AM


Group: Member
Posts: 5,055


 Gindalbie Metals Limited (ASX: GBG – "Gindalbie") is pleased to announce that it has reached agreement to sell its 100%-owned Shine Hematite Deposit, located 40km north-east of the Karara Project, to Mount Gibson Iron Limited (ASX: MGX) for a total of $15 million plus a trailing price participation royalty.

Under a binding Term Sheet executed between the companies, Mt Gibson will acquire the iron ore rights over the Shine tenements for an upfront consideration of $12 million. A further milestone payment of $3 million is due on the first commercial sale of iron ore – effectively a non-refundable pre-payment on a price participation royalty.

Under this royalty, on a month average for every A$1 the Platt’s 62% price is above A$115 per tonne Gindalbie will receive an additional A$0.20 per tonne sold with the $3 million having been prepaid under the milestone payment. The parties have 90 days to conclude definitive agreements for the transaction and meet conditions precedent.

The sale will crystallise significant upfront value for one of Gindalbie’s 100%-owned assets in the Midwest region and represents a positive outcome for shareholders. The proceeds of the sale will further strengthen Gindalbie’s balance sheet, further increasing its cash resources which currently stand at approximately $35 million. V1

  Forum: By Share Code

veeone
Posted on: Dec 9 2013, 10:39 AM


Group: Member
Posts: 5,055


Molopo Energy Limited ("Molopo" or the "Company") is pleased to announce that it has entered into an agreement to sell its assets located in Barnhart, Irion County, Texas, for gross proceeds of US$4.8 million.




The sale of Barnhart, together with the recently announced disposition of the Company’s assets in Saskatchewan, will result in total 2013 divestitures of 200 boe/d for gross proceeds of US$11.6 million.




Molopo continues to evaluate potential transactions with respect to the balance of its Texas assets, located at Fiesta in Crockett County, which averaged 387 boe/d for the three-month period ended September 30, 2013.




With respect to Molopo’s previously announced agreement to sell its South African subsidiary, the Company anticipates this transaction will close in late December or early January.

So we will only have left crockett texas and Quebec.......and a sub 20c SP!!!V1

  Forum: By Share Code

veeone
Posted on: Dec 5 2013, 03:00 PM


Group: Member
Posts: 5,055

QUOTE
one could think this is GDN all over again

Essentially a name and ticker change and a few staff changes but they are GDN still....... as same bull coming out in releases Imo.V1
  Forum: By Share Code

veeone
Posted on: Dec 5 2013, 02:58 PM


Group: Member
Posts: 5,055

Everyone hailed Wal when he took the reigns but looks like he is nolonger the operator he once was.
Totally unbelievable the stories that have been fed to shareholders (expected drawdown times etc) in the past 12 months and still no progress.
Just wonder how the asx/asic allows such goings on. 20million loan for a penny dreadfull that has to borrow from someone else to get funds to meet the terms of said 20m loan???
Who is crazy enough to loan such a large amount to a company with virtually nil assets?? The mind boggles!!!!
Who is or was Gres Holdings??? V1
  Forum: By Share Code

veeone
Posted on: Nov 19 2013, 02:23 PM


Group: Member
Posts: 5,055

Plenty taking the opportunity to selldown on the small rise today on the rare news that increased the SP!!!
Obviously they are not confident of the future of MPO. V1
  Forum: By Share Code

veeone
Posted on: Nov 19 2013, 12:56 PM


Group: Member
Posts: 5,055

Thought Efrica would have gone first...... Not a lot considering how much we have put into it!!! V1


MOLOPO ENERGY AGREES TO SELL SASKATCHEWAN ASSETS

Molopo Energy Limited ("Molopo" or the "Company") is pleased to announce that it has entered into an agreement to sell all its assets located in Saskatchewan, Canada for gross proceeds of C$7.0 million (US$6.8 million). Production from the assets recently averaged approximately 60 barrels of oil equivalent per day. Peters & Co. acted as exclusive financial adviser to Molopo on the sale, which is expected to close on 20 November 2013.

The Company continues to evaluate expressions of interest for its assets located in Texas and will provide additional updates as circumstances warrant.

PS what we paid for it!!

The second transaction ("the Bakken Company") involves the acquisition of 66 sections of land and an option on a further 8 sections located in Saskatchewan, with 100% working interest and operatorship, from a group of private investors. There are currently no production or reserves associated with the Bakken leases being acquired. A Heads of Agreement has been executed under which Molopo will pay C$10.7m in cash and C$3.7m in Molopo shares.

  Forum: By Share Code

veeone
Posted on: Nov 7 2013, 06:40 PM


Group: Member
Posts: 5,055

Very well supported SPP by shareholders. Well oversubscribed!! They are not scaling back!! V1
  Forum: By Share Code

veeone
Posted on: Nov 1 2013, 06:55 PM


Group: Member
Posts: 5,055

Bet Stephen Mitchell was chuckling today when his new company (PRL) almost overtook his old companies (MPO) SP!!! V1
  Forum: By Share Code

veeone
Posted on: Oct 31 2013, 02:05 PM


Group: Member
Posts: 5,055

From the quarterly to day seems the African sale will be wrapped up by year end and next comes Western Canada and Texas.
They donot mention Quebec so intend to keep that i guess.........Still prattling on about a possible share buyback!! V1
  Forum: By Share Code

veeone
Posted on: Oct 31 2013, 02:01 PM


Group: Member
Posts: 5,055

Well paid for my new allocation now time for a juicy announcement to convince others to pay up!! V1
  Forum: By Share Code

veeone
Posted on: Oct 24 2013, 09:44 AM


Group: Member
Posts: 5,055

Someone buying very late yesty and pushed the SP up a tad and a touch more this morning?? V1
(not alot of volume but for something that rarely trades at all most days......)
  Forum: By Share Code

veeone
Posted on: Oct 24 2013, 09:38 AM


Group: Member
Posts: 5,055

Yup should have dumped WCL!!!


STONEPEAK PARTNERS SIGNS DEFINITIVE AGREEMENTS FOR US$660M EQUITY FUNDING FOR MAGNOLIA LNG PROJECT

New York infrastructure fund Stonepeak Partners LP underwrites full equity requirement of US$660 million, for the construction and commissioning of Magnolia LNG from Final Investment Decision to Commercial Operations Date (first LNG production)

Stonepeak Partners LP to assist Magnolia LNG to negotiate and execute all Definitive Project Agreements and to access Project Debt Financing of US$1.540 billion

Liquefied Natural Gas Ltd ("the Company") is pleased to confirm that wholly owned subsidiaries of the Company and Stonepeak Partners LP ("Stonepeak") have signed a legally binding Equity Commitment Agreement, including the agreed final form of the Magnolia LLC Agreement, to provide 100% of the construction equity for the Company's Magnolia LNG Project ("Magnolia LNG" or "the Project") in Louisiana, United States. The total Stonepeak equity contribution is estimated to be US$660 million.

Stonepeak and the Company signed an equity funding and strategic alliance term sheet on 26 July 2013, the key terms of which are incorporated in the Equity Commitment Agreement. Based on the Project's current financial model, Stonepeak's US$660 million equity investment will provide it with an approximate 50% equity interest in the Project, with the Company retaining around a 50% equity interest.

The Stonepeak equity transaction comprises two documents, namely:

i. Equity Commitment Agreement, which governs the relationship, cooperation, rights and obligations between Stonepeak and the Company in relation to the Project through to a Final Investment Decision ("FID"); and

ii. Magnolia LLC Agreement, which sets out the respective rights and obligations of Stonepeak and the Company from FID, including the construction and funding of the Project, the management and governance of the Project, the allocation and distribution of the Project's future profits, and other related matters. The Magnolia LLC Agreement serves the same purpose as a Joint Operating/Venture Agreement or Shareholder Agreement would in Australia. This marks a major milestone for the Company in the development of the Project with equity funding plans for the Project's construction and operations now in place. The key terms of the Equity Commitment Agreement include:
Stonepeak will commit to provide 100% of the Project equity at FID, which is estimated to be US$660 million. Stonepeak will receive an approximate 50% interest in the MLNG Project (based on a predetermined internal rate of return) in exchange for the Project equity funding;

The Company will receive a oneoff success fee on the Project reaching FID, calculated at 3% of the total Project capital cost (the fee is currently estimated to be US$66 million);

Stonepeak has approved the payment by Magnolia LNG to the Company of an OSMR® technology license fee of US$25 million for trains 1 and 2, with 50% payable at FID and 50% payable at Commercial Operations Date. A further payment of US$25 million will be payable for trains 3 and 4 under the same terms;
Stonepeak will assist the Company in securing long term Project debt financing, which is estimated at US$1.540 billion. In this regard, Stonepeak will work with the Company in ensuring all material Project agreements and other documents are in a bankable form. Stonepeak and the Company have selected three parties to present final proposals for the role of Project Financial Advisor; and

Stonepeak will be entitled to appoint one manager to the Board of Magnolia LNG, LLC (the Project ownership company), with no voting rights prior to FID and the commencement of Stonepeak's Project equity financing contribution.

  Forum: By Share Code

veeone
Posted on: Oct 23 2013, 09:08 AM


Group: Member
Posts: 5,055

LIQUEFIED NATURAL GAS LIMITED (THE "COMPANY") – REQUEST FOR TRADING HALT

The Company requests an immediate trading halt in its securities pursuant to ASX Listing Rule 17.1. In support of the request we provide the following information:

1. The reason for the trading halt is that the Company expects to execute a legally binding Equity Commitment Agreement for US$660 million in relation to the Company's wholly owned Magnolia LNG project on or about the 23 October 2013. The Agreements are with a wholly owned subsidiary of Stonepeak Partners LP, with whom a Term Sheet was executed on the 23 July 2013;

2. The Company considers the Announcement may have a material impact on trading in the Company's securities and as such the market should be provided time to receive and review full details of the Announcement;

3. The Company proposes to issue an announcement to the ASX on or before Friday 25 October 2013 providing details of the Agreements (Announcement);

4. The release of the above Announcement will end the trading halt;

5. The Company is not aware of any reason why the trading halt should not be granted; and

6. The Company is not aware of any additional information it is required to disclose in relation to the request for the trading halt.

  Forum: By Share Code

veeone
Posted on: Oct 18 2013, 11:21 AM


Group: Member
Posts: 5,055


 

KARARA RECEIVES US$230M UNDER NEW FUNDING SOLUTION

Gindalbie Metals Limited (ASX: GBG – "Gindalbie") advises that under the previously announced funding solution Karara Mining Limited (KML) has now received a total of US$230 million to meet the additional working capital requirements of the Karara Project.

The funding package, as outlined on 25 September 2013, comprises:

US$100 million from a recently completed concentrate pre-sale agreement with Ansteel, under similar terms and conditions to the two previous pre-sale agreements; and

US$130 million from a new term loan facility provided by the Bank of China (BOC).

The new funds are being utilised to bolster KML’s working capital position to address the previously announced shortfall arising from the delays in ramping up production this year.

As outlined previously the package provides Ansteel the right to subscribe for new equity in KML to provide KML, if required, with sufficient funds to repay these loans.

Gindalbie Managing Director Tim Netscher said he was pleased with the expeditious manner in which Ansteel had moved to implement the funding solution and ensure KML received the funds promptly to support the continued ramp-up of the Karara Project.

"I take this opportunity once again to express our thanks to Ansteel and our Chinese banking syndicate for their unwavering support of the

  Forum: By Share Code

veeone
Posted on: Oct 11 2013, 02:50 PM


Group: Member
Posts: 5,055

No doubt the sale by Karrol was pre planned due to this in the SPP info release and preso.

Waiving of share trading restrictions

Under WestSide’s Security Trading Policy, Directors and employees are prohibited from dealing in the Company’s shares between 30 September and the day following the release of the September quarterly report to shareholders.

Information about the Company's gas production performance for the quarter ended 30 September 2013 is contained in the attached investor presentation. In light of this, the WestSide Board has elected to waive the prohibition in the Security Trading Policy and allow WestSide's Directors and employees to participate in the SPP and otherwise deal in the Company's shares before the release of the September quarterly report, subject to the usual restrictions relating to the possession of 'inside information'.

  Forum: By Share Code

veeone
Posted on: Aug 29 2013, 06:33 PM


Group: Member
Posts: 5,055

QUOTE
Obama is not a warmonger, and the last thing on his list of things to do would be to go down in history as the man who started WWIII.


Would also be thinking how the hell will we pay for it!!! V1
  Forum: Investment Discussion

veeone
Posted on: Aug 29 2013, 06:30 PM


Group: Member
Posts: 5,055

51.5!!! Wow
50% drop in SP in a matter of weeks. Wonder what Borshoff thinks about that??
Anyone think its attractive yet??
I gave up trying to trade it a few weeks back. Big boys play toy as usual. V1
  Forum: By Share Code

veeone
Posted on: Aug 19 2013, 01:58 PM


Group: Member
Posts: 5,055

There is little doubt that LNG is concentrating on its other projects now.
The have stated Fishermans is on hold pending gas supply but in their last presentation they also divulged:

Gas supply potential either through PetroChina Australia letter of Intent or directly under Gas Sales Agreements /Tolling Agreements with third parties.

Upside for LNG through gas supply agreement secured or monetisation of the project.

I think that WCL is not in the drivers seat and things donot look so good if LNG is considering offloading the project in some way.
Only hope if there is a new owner they look at WCL. V1




  Forum: By Share Code

veeone
Posted on: Aug 19 2013, 01:01 PM


Group: Member
Posts: 5,055

Keeps making lower lows!!
One would think support would be here somewhere?? Given where they raised money at!! V1
  Forum: By Share Code

veeone
Posted on: Aug 5 2013, 05:55 PM


Group: Member
Posts: 5,055

Arty you will like this one
Attached thumbnail(s)
Attached Image


 
  Forum: Off Topic Chat

veeone
Posted on: Aug 2 2013, 09:18 PM


Group: Member
Posts: 5,055

QUOTE
"The buyer was a fund-manager/corporate these buyers show up on my software Under Ellis big Money Index,and as we all know funds and corp have an extreme amount of luck when buying."



QUOTE
have an extreme amount of luck when buying


Yeah right!! V1
  Forum: By Share Code

veeone
Posted on: Aug 2 2013, 09:16 PM


Group: Member
Posts: 5,055

We seem to be dying a slow death Imo!!V1
  Forum: By Share Code

veeone
Posted on: Aug 2 2013, 09:12 PM


Group: Member
Posts: 5,055

Bookbuild= Yet more dilution............Long time before PDN gets to heady highs of the past again!!!
No doubt others new this was coming....as per usual!!

QUOTE
Paladin has terminated the strategic asset sale process

I guess the assets were not going to fetch as much as they hoped!! Shows how interest has waned!!V1
  Forum: By Share Code

veeone
Posted on: Jul 17 2013, 09:55 AM


Group: Member
Posts: 5,055

Hopefully substantial profit increases in coming years! V1


HIGHLIGHTS

• Vmoto makes maiden monthly profit in June 2013

• Chinese demand for Vmoto products exceeding expectations

• At least eight new models for Chinese domestic market being developed to keep up with demand

• On current interest and orders, the Company anticipates making a net profit after tax for the financial year to 31 December of A$300k-A$600k

Vmoto Limited ("Vmoto" or "the Company") is pleased to announce that it has delivered a profitable month in June 2013. The net profit after tax figure (unaudited) was approximately A$80,000 and marks a significant turning point in the Company’s history.

The profitable June month follows the successful launch of six of Vmoto’s own models into China, the opening of its flagship shop in Lishui District, Nanjing and the ramping up of PowerEagle’s strategic cooperation agreement.

The level of interest from distributors and customers in Vmoto’s products has been such that the Company has already started fast tracking the development of at least eight more Vmoto models for the Chinese domestic market. This is expected to take three to six months and, once completed, will open up even more opportunities for the Company to increase production and distribution throughout China. In order to service these opportunities the Company is reviewing sites in various regions of China with a view to opening more of its own stores.

With the discussions senior management are having in China and based on the demand shown to date, the Company anticipates that it will make its maiden annual profit for the financial year ending 31 December 2013 of between A$300,000 and A$600,000.

Charles Chen, Vmoto’s Managing Director, commented: "We are delighted to have produced a profitable month in June 2013 for Vmoto and its shareholders and look forward to reporting a maiden profit come the year end. The interest in our Chinese electric products, in less than two months since their launch, has exceeded our expectations and reaffirms the importance of Chinese market for electric scooters, where 40 million units are expected to be produced in 2015, making it by far the biggest and fastest growing in the world.
1 With even more of our models soon to be on the roads, we are confident that Vmoto can increase production levels even more."

  Forum: By Share Code

veeone
Posted on: Jul 15 2013, 05:14 PM


Group: Member
Posts: 5,055


Exotic animals stolen from reptile park
Monday, July 15, 2013 » 12:

NSW Police are appealing for public help after after 23 reptiles were stolen from the reptile park at Somersby, in the State's Central Coast.
Police from Brisbane Water Local Area Command were called to the reptile park on Pacific Highway, Somersby, in response to reports of a break and enter.
'Officers were told about 23 various reptiles were allegedly stolen from the park including dragons, lizards and an alligator,' police said.
'There are concerns for the reptiles as some are sensitive and require high maintenance, and without proper care there is a significant risk of them not surviving.'
Police are appealing to any witnesses to the incident, or anyone who may have any information about the reptiles to contact police.
http://bigpondnews.com/articles/TopStories...park_RSS_150713

Obviously a typo...otherwise i wonder what the response time is for that?? V1

  Forum: Off Topic Chat

veeone
Posted on: Jul 2 2013, 02:44 PM


Group: Member
Posts: 5,055

Right after they get a good plug on landline for their mastitis treatment for cows!!! V1
  Forum: By Share Code

veeone
Posted on: Jun 7 2013, 01:19 PM


Group: Member
Posts: 5,055

I'm sure this was another reason for the sell down we have seen the past few week amongst others....they know when things like this may happen.
Sure to be some instos and funds that do trade GBG.

QUOTE
IMO it's getting dangerously close to sub-10c penny-dreadful status

Down on volume into the penny dreadfulls....writing was on the wall Arty!! V1
  Forum: By Share Code

veeone
Posted on: Jun 6 2013, 02:54 PM


Group: Member
Posts: 5,055

QUOTE
IMO it's getting dangerously close to sub-10c penny-dreadful status

Yes definatley so!!
One thing they have got i guess is their partner with cash and wanting to take their production.....(once they get the final polishing circuit up and have max output and grade.)
The only downside is I guess if chinese demand for steel drops dramatically and they donot need it. Not sure what happens then if they break the agreements they have. Maybe Ansteel would stockpile.....who knows?? V1
  Forum: By Share Code

veeone
Posted on: Jun 2 2013, 07:52 PM


Group: Member
Posts: 5,055

Firesale.........V1
Our client is seeking expressions of interest for the potential acquisition of its Bronzewing Gold Project located in the north-eastern Goldfields, approximately 83km northeast of Leinster and 1000km northeast of Perth in Western Australia.

The Project hosts a combined mineral resource of 17.5Mt at 1.8g/t Au for 980,000 oz (0.7g/t Au cut-off grade), which has been compiled in accordance with JORC (2004) guidelines.

    Plus 2Mtpa operating gold plant, ore accessible in base of current open pit, remaining LOM stripping ratio of 2:1.
    JORC compliant reserve of 6.9Mt at 1.5g/t Au for 330,600 oz and resource of 17.5Mt at 1.8g/t Au for 980,000 oz as at 30th June 2012.
    Historical production from Bronzewing area of plus 3Mozs.
    Significant exploration potential along strike on contiguous area of 733km2.
  • minesonline.com
Our client is seeking expressions of interest for the potential acquisition of its highly prospective Leonora Gold Project located in the heart of the eastern goldfields, approximately 35km northeast of Leonora and 700km northeast of Perth in Western Australia.

The Project currently hosts a combined mineral resource of 12.3Mt at 1.9g/t Au for 745,000 ounces of gold (0.7g/t cut-off grade). Mineral resources have been estimated for four of the individual prospects defined within the Project area in accordance with JORC (2004) guidelines.

    Positive PFS completed in April 2009, planned production of 50,000oz pa, a 1Mtpa CIL plant and a 6 year LOM.
    Successful trial mining of 114Kt of free dig supergene ore for 7,223ozs gold at plus 95% recovery.
    JORC compliant resource of 12.3Mt at 1.9g/t Au for 745,000 oz including substantial oxide in-pit resource.
    Significant exploration potential at depth and along strike.
  • 35km north of Leonora and 38km from St Barbara's 1.5 to 1.8Mtpa Gwalia plant.
  Forum: By Share Code

veeone
Posted on: May 31 2013, 01:44 PM


Group: Member
Posts: 5,055

I guess next announcement will be they have negotiated a gas supply extension deal with the Gladstone Port Authority!!
No mention of it today in the release.......

The Directors of Liquefied Natural Gas Limited (Company) are pleased to advise that Gladstone Ports Corporation (the Port) has extended the term of the Agreement for Lease (Site Agreement), to 30 June 2014. The Site Agreement:

- relates to the site for the Company’s wholly owned 3 million tonnes per annum LNG project, at Fisherman’s Landing, in the Port of Gladstone, Queensland (LNG Project); and

- includes as an annexure the agreed form of long term Site Lease, which includes a lease term of 25 years, plus 2 x 5 year term extension options.

The extension follows a meeting with the Port to update progress of the LNG Project and to outline the two gas supply paths being pursued. The two gas supply paths are:

Continuing to actively cooperate with PetroChina in accordance with a Letter of Intent to use reasonable endeavours to negotiate and execute a commercial tolling agreement, for gas owned and arranged by PetroChina to be supplied to the Company’s first LNG train; and

Negotiate directly with gas suppliers. Discussions and agreements are being progressed with two established gas supply parties.

  Forum: By Share Code

veeone
Posted on: May 31 2013, 12:20 PM


Group: Member
Posts: 5,055

Did you forward a copy to Woolworths?
They might be interested in seeing that........... like the banks do and get their detectives onto them.As well as inform Jo Blo public. V1
  Forum: Off Topic Chat

veeone
Posted on: May 31 2013, 10:42 AM


Group: Member
Posts: 5,055

Thats why i avoid at market sales if possible.........keep the mongrels as honest as possible!! V1
  Forum: By Share Code

veeone
Posted on: May 31 2013, 10:38 AM


Group: Member
Posts: 5,055

New move underway this morning possibly........volume rising as is the SP. V1

Just read the post on the AGO thread you put up arty r/e iron ore new low!!
For GBG people must think its oversold now..........
  Forum: By Share Code

veeone
Posted on: May 30 2013, 01:53 PM


Group: Member
Posts: 5,055

QUOTE
The jayson1 low (13.5 cents) will never get breached again! NEVER!


Really!!

Market may turn sometime soon and todays low 11c may be breached.......... In the markets you can never say never.......V1
  Forum: By Share Code

veeone
Posted on: May 30 2013, 12:34 PM


Group: Member
Posts: 5,055

Looks like its gonna take a bit more to keep it over a buck!! V1
  Forum: By Share Code

veeone
Posted on: May 30 2013, 11:17 AM


Group: Member
Posts: 5,055

Thats what was needed.......shorters on the run now? V1
  Forum: By Share Code

veeone
Posted on: May 30 2013, 09:19 AM


Group: Member
Posts: 5,055


Linc Energy and Exxaro Resources sign formal agreements to develop commercial UCG projects in Sub-Saharan Africa

• Linc Energy Ltd (ASX: LNC) (OTCQX: LNCGY) ("Linc Energy") and Exxaro Resources Limited (JSE: EXX) ("Exxaro") sign formal agreements for the joint development of commercial UCG Projects in Sub-Saharan Africa.

• Exxaro to be granted a licence to use Linc Energy’s proprietary UCG intellectual property in Sub-Saharan Africa (Region).

• Exxaro to pay an upfront Licence Fee of AU$20 million for the Intellectual Property Licence Agreement, a further fee of AU$7 million on the initial UCG project passing agreed performance tests and ongoing Royalties for the synthesis gas produced and sold.

• Linc Energy to take up a minimum of 15% equity position in the initial Exxaro UCG Project with an option to obtain up to a 49% equity position in all UCG Projects which Exxaro develops.

Linc Energy and Exxaro are pleased to announce that they have entered into formal agreements to jointly pursue Underground Coal Gasification (UCG) as a commercial business to develop energy solutions in the Region.

The formal agreements consist of an Intellectual Property Licence Agreement supported by a Services Agreement and a Master Agreement governing key aspects of the relationship. The agreements are conditional upon Exchange Control Approval being granted by the South African Reserve Bank for the payment of the licence fees and royalties for the Intellectual Property.

Key aspects of the agreements are:

• Exxaro to pay an upfront Licence Fee of AU$20 million once the conditions precedent are met (targeted by end August 2013). A further fee of AU$7 million is payable on the initial Exxaro UCG project passing agreed performance tests, which is expected to occur in 2017.

• Linc Energy to be entitled to ongoing Royalties for the synthesis gas produced and sold in return for access to Linc Energy’s UCG technologies in the Region (indexed to Australian CPI from December 2012 and from Final Investment Decision date escalating in line with each project’s relevant country index for power purchases).

• Exxaro will be granted a non-exclusive license to use Linc Energy’s UCG intellectual property in the Region and an exclusive licence for certain areas within the Region.

• Linc Energy will hold a minimum of 15% equity in the initial UCG project and have the option to participate up to a 49% equity position in all UCG projects which Exxaro develops.

  Forum: By Share Code

veeone
Posted on: May 29 2013, 08:25 AM


Group: Member
Posts: 5,055

Rest of the world is speaking is the government listening?? V1

Aust slow on US gas boom: Shell
Royal Dutch Shell global chief executive Peter Voser has held meetings with Prime Minister Julia Gillard and Coalition leader Tony Abbott to express his concerns that Australia has been slow to respond to the impact of the United States' shale gas boom, according to The Australian Financial Review.
Mr Voser said Shell is committed to investing in Australia, but warned that "we need clearly a competitive landscape" before it can commit to further spending in Australia's high-cost energy sector.
"From where I sit I would say that the improvements have been slower than anticipated given that the situation on gas has changed considerably over the last two or three years with the shale gas revolution and new gas resources being found," Mr Voser told the AFR.
"So I would have expected the Australian government but also Australia has a whole to react somewhat faster to these challenges so that our projects can be sanctioned in the near future."
Mr Voser's concerns illustrate the link between Australia's response to the US shale gas boom and Shell's ability to secure investment approval for its massive liquefied natural gas (LNG) projects, such as the $20 billion Arrow LNG venture in Queensland.
He added that he is surprised Australia has not made a stronger effort to address its high cost environment to better compete against growing overseas gas rivals, according to the AFR.
http://www.businessspectator.com.au/news/2...n=am&modapt=



Chevron outlines lost LNG deals
Chevron Corp has outlined for the first time a series of lost liquefied natural gas (LNG) deals totalling some $60 billion that illustrate the impact of lost investment when overseas buyers decide to look elsewhere, according to [i]The Australian.
Local Chevron managing director Roy Krzywosinski revealed that two big gas export deals with South Korea, worth some $60 billion, have been shelved by LNG buyers who decided to source their gas needs elsewhere.
Mr Krzywosinski said a 2009 agreement to sell $30 billion worth of gas from the $US53 billion Gorgon LNG plant on Western Australia's Barrow Island to Korea Gas over the course of 20 years failed to win approval from the South Korean government and collapsed in 2011, meaning Korea Gas would instead look elsewhere to fill its gas needs.
He added that the company had another deal with Kogas for $29 billion worth of gas from Chevron's Wheatstone project, but it also fell through.
"We had what we thought was a long-term agreement with Kogas for 1.5 million tonnes of LNG a year," Mr Krzywosinski said, according to The Australian.
"It was approved by Kogas and then was sent to the government for approval and there was some dialogue and things just didn't work out."
The collapse of the non-binding deals suggests Asian gas buyers, which form the bulk of Australia's export market, are demanding deeper discounts.
The disclosure of the lost deals deepen concerns about Australia's LNG sector's ability to compete with increasingly cheaper exports from the United States' shale gas boom.

Chevron trumpets Gorgon, Wheatstone impact on Australian economy

Chevron said its Gorgon and Wheatstone projects have injected $30 billion into the local economy and created 14,000 jobs.
Mr Krzywosinski said the LNG projects had created direct and indirect jobs across Australia, including 10,000 on Gorgon and 4,000 on Wheatstone.
"The Chevron-operated Gorgon project has now committed $20 billion to local companies, while the Wheatstone Project has committed close to $10 billion," Mr Krzywosinski said.
He said more than 600 contracts had been awarded to local companies to date.
Mr Krzywosinski said that Gorgon and Wheatstone, in north Western Australia, were well placed to take advantage of increasing global demand for LNG, particularly in the Asia-Pacific region.
"Global LNG demand is expected to increase significantly by 2025, at which point there is a potential supply shortfall estimated at almost 150 million tonnes," he said.
"This equates to 10 Gorgon Projects and about half a trillion dollars in investment."
Chevron Australia is the lead joint venture partner in the development of the Gorgon and Wheatstone LNG projects.
In December 2012, the company increased its cost estimates for the Gorgon project from $43 billion to $52 billion, due to labour costs and productivity issues.
Also, Chevron has a one-sixth interest in Woodside's North West Shelf venture and operates Australia's largest onshore oilfield on Barrow Island and the Thevenard Island oilfields.
http://www.businessspectator.com.au/news/2...n=am&modapt=
  Forum: Investment Discussion

veeone
Posted on: May 29 2013, 08:18 AM


Group: Member
Posts: 5,055

QUOTE
good lord!! ohmy.gif FTSE100 up nearly 80points and DAX up nearly 100points so far.
Dow future is up 120 points.
and ASX200 future??--------up only 15 points at moment! what the F$%^% !! weirdsmiley.gif


DOW finishes at another new record and sofar today ASX expected to open flat......... Countries stuffed?? V1
  Forum: Macro Factors

veeone
Posted on: May 24 2013, 01:07 PM


Group: Member
Posts: 5,055

Cat Fishing Coffee
Attached image(s)
Attached Image

 
  Forum: Off Topic Chat

veeone
Posted on: May 23 2013, 09:26 AM


Group: Member
Posts: 5,055

FORD is this morning expected to announce the closure of its Broadmeadows production line and possibly its Geelong engine plant.

An announcement is due at 9:15 am, and a press conference at 10:45 am.

Ford Australia brand communications manager Neil McDonald said he could not comment.

"I'm not in a position to comment on that. We have a 10:45 am briefing in Melbourne."
http://www.frasercoastchronicle.com.au/new...geelon/1879230/

  Forum: Off Topic Chat

veeone
Posted on: May 23 2013, 09:09 AM


Group: Member
Posts: 5,055

Nothing official yet but rumours that FORD Australia is closing up its production here in Oz!!
Lot of jobs that will be and ongoing ructions for suppliers etc if true!! V1
  Forum: Off Topic Chat

veeone
Posted on: May 22 2013, 03:42 PM


Group: Member
Posts: 5,055

Truly hammered........... wonder if Hanlong selling down their shares as well?? V1
  Forum: By Share Code

veeone
Posted on: May 21 2013, 10:37 AM


Group: Member
Posts: 5,055

Crooky would not suprise me now that LNG is getting low on cash that Petro takes them lock stock for a low price. They have 19.9% they paid alot more for...........LNG also has that USA project as well.......Simply then they will do a GSA with us i reckon.
Just wonder now does LNG have a "great excuse" to approach the Gladstone Port Authority for "yet" another extension to the gas supply deadline they have?? Pretty sure the MEL problems with the NSW governement is what screwed us and cost blowouts other projects have had..............Petro might just sit on the whole shebang for a while if they took out LNG.V1
  Forum: By Share Code

veeone
Posted on: May 20 2013, 05:05 PM


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Posts: 5,055

Prospect of higher profits for small miners as dollar slips by: PAUL GARVEY SOME of the nation's most marginal miners could see their earnings improve dramatically if the dollar continues to slide, new research shows.

An analysis by RBC Capital Markets found that a further pull-back in the value of the dollar against the US dollar to US89c could see net profit at some Australian mining companies soar by more than 36 per cent.
Earnings at nickel miner Mincor Resources and coalminer Yancoal Australia would more than double, while Whitehaven Coal's profits would climb 10-fold.
The study illustrates the toll the persistently high dollar has taken on the profitability of mining companies, contributing to lower than forecast tax revenues in Tuesday's budget.
The dollar has tended to weaken alongside falls in commodity prices, but until last week's surprise interest rate cut the unit had remained stubbornly above parity against the greenback.
RBC analyst Geoff Breen, who compiled the research, said a further 10 per cent fall in the value of the dollar would generally deliver a 20 per cent improvement in earnings before interest, taxation, depreciation and amortisation and a 40 per cent increase in net profit after tax across most Australian miners.
He said continued weakness in the dollar might finally help improve investor sentiment towards the resources sector.
"Everything (in the resources sector) is cheap and they're still going down. I think we're all just looking for that turnaround . . . and we're all wondering just what that might be," he said. "(Yesterday's exchange rate of) US98.9c now looks a lot better than $US1.05. Maybe that's the start of the uptrend from the bottom."
Mr Breen said a slowing of the business investment cycle and moderating capital inflow could weigh on the dollar, while the improving growth prospects in the US and a muted near-term outlook for China and commodities could also accelerate a fall in the value of the currency.
David Southam, finance director of nickel miner Western Areas, told The Australian that while weakness in the dollar would help his company and other miners, it was risky to build a business strategy around a predicted movement in exchange rates.
"The problem with exchange rates is you can have all the experts in the world, and they'll all be divided over whether the dollar is going down or going up," he said. "What mining companies need to concentrate on are costs, they are what you can control. From a planning perspective, you don't plan for lower exchange rates, you basically structure your business around costs."
The recent strength in the dollar has meant that the nickel price in Australian dollars is lower today than it was at the depth of the global financial crisis.
The RBC analysis projected that Western Areas' net profit for financial-year 2014 would total $88 million, or 51 per cent higher than the existing forecast of $58m, in the event the dollar averaged US89c next year.
The earnings of Australia's two biggest miners, BHP Billiton and Rio Tinto, were the least affected under the US89c scenario due to their diversified international portfolios and the fact they report their earnings in US dollars.
http://www.theaustralian.com.au/national-a...6-1226643421957
  Forum: By Share Code

veeone
Posted on: May 20 2013, 11:39 AM


Group: Member
Posts: 5,055

LNG had a presentation released this morning:
I just wonder if Petro will honour the letter if intent??
PetroChina Australia and the Company continue to cooperate,under the Letter of Intent, to secure gas for the Fisherman's Landing LNG Project
LNG Limited, in its own right, is continuing to directly pursue other potential gas supply sources, including discussions with WestSide Corporation

  Forum: By Share Code

veeone
Posted on: May 19 2013, 03:57 PM


Group: Member
Posts: 5,055

Think it was like 1/6th of the days volume went thru in closing auction so maybe bargain hunters stepping in i thought.
Was right on my stop zone but held so hoping for a bounce from here........ the close gave me some hope. V1
  Forum: By Share Code

veeone
Posted on: May 16 2013, 10:42 AM


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Posts: 5,055

Australia's economic fortunes have become increasingly tied to China's, and over the past decade the strength of Asia's economic giant has delivered considerable benefits to Australia.
But recent predictions from certain quarters suggest that China's growth might not be sustainable and that some large commodity exporters could be looking to take a hit in the near future.
However, enormous volumes of iron ore from the Pilbara continue to sail into Ningbo port, just south of Shanghai on China's wealthy south-eastern coastal strip.
Ningbo Port iron ore terminal general manager Han Weixu says as soon as the large ships now in port have left, others are waiting to take their berths.
He says they unload 300 iron ore ships a year – half of them from Australia.
"China needs to improve its steel production capacity for its economic development," he said.
"The iron ore we use mostly comes in from overseas and Australia is the most important import partner for us.
"In 2012, 47 million tonnes of iron ore came through this port, of which 24 million tonnes were from Australia.
"This iron ore goes to the steel factories along the Yangtze River as well as Hunan and Jiangxi provinces."
Australia's big miners are all expanding at the moment to deliver even more iron ore to China which has prompted some analysts to warn of an oversupply that could drive down prices and eat into profits.
There is also fear that steel overproduction in China could see iron ore demand fall away.
Yet Mr Han is in constant contact with China's steel companies and is well placed to hazard a guess at how much ore they will want this year and even into the future.
"In 2013, we predict we will handle 51.5 million tonnes and that Australian iron ore will increase to between 25 million and 26 million tonnes," he said.
"In 2014, we think the volume will reach 56 million tonnes and that Australian iron ore will reach 27 million to 28 million tonnes."http://www.abc.net.au/news/2013-05-15/chin...to-grow/4686722

  Forum: By Share Code

veeone
Posted on: May 15 2013, 11:19 AM


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Posts: 5,055

I'm sure if WCL have a gas supply deal signed and sealed that they would be able to borrow money instead of raising it.
Also LNG still has a partnership with Petro and they may contribute dollars also so plenty of options i believe. V1
  Forum: By Share Code

veeone
Posted on: May 15 2013, 10:20 AM


Group: Member
Posts: 5,055

LNG announcement at open saying they are dissapointed with the Petro/WCL result and now intend to approach Westside for gas supply......Wonder what we hear from WCL about this.....and how long before they say something...........V1

While LNG Ltd is disappointed at PetroChina's withdrawal from the Westside Acquisition, LNG Ltd now intends to pursue the option of gas supply directly from Westside due to the location and quality of their resource. LNG Ltd will also continue to work with PetroChina Australia, under the August 2012 Letter of Intent, and LNG Ltd's major shareholder China Huanqiu Contracting & Engineering Corporation (HQC) to secure gas supply for the LNG Project.

LNG Ltd was indirectly informed yesterday that the Westside Acquisition would not proceed......bet LNG was impressed with that!!!


LNG Ltd’s Managing Director, Maurice Brand, said “this is an unexpected development, particularly given the lengthy period of the due diligence process and negotiations in respect of the Westside Acquisition.” World record maybe!!





  Forum: By Share Code

veeone
Posted on: May 14 2013, 05:39 PM


Group: Member
Posts: 5,055

QUOTE
but you read the updates and cling to the hope the company dished out.


And thats where the system fails us!! Very wrong indeed.........

With all the secrecy for so long why bother to name the company now!!V1
  Forum: By Share Code

veeone
Posted on: May 14 2013, 03:29 PM


Group: Member
Posts: 5,055

QUOTE
the board would be concluding this t/o process in the near term.


Petro pulled out so clearly the above was just talk from our board!! V1
  Forum: By Share Code

veeone
Posted on: May 14 2013, 03:28 PM


Group: Member
Posts: 5,055

No doubt the NSW government affecting the MEL projects was a major factor in this decision!! V1
  Forum: By Share Code

veeone
Posted on: May 11 2013, 11:19 AM


Group: Member
Posts: 5,055

Tesla Shorts Run for Cover as Stock Doubles: Mover
Motors Inc. (TSLA) the maker of electric cars run by billionaire Elon Musk, rose 11 percent after an analyst said that investors who'd expected the stock to decline had to buy it. Tesla gained $7.36 to a record $76.76 at the close in New York. Its market capitalization totaled about $8.9 billion, ranking it between the $7.9 billion value of Turin, Italy-based Fiat SpA (F), the majority owner of Chrysler Group LLC, and Japan's Mazda Motor Corp. (7261), at $10.5 billion.
Covering of short positions is "a big part of" Tesla's gain, Elaine Kwei, said a New York-based analyst at Jefferies Group who rates the shares a buy, in a phone interview yesterday. "This has been such a polarizing stock. There's still much skepticism and doubt around electric vehicles, and a lot of people didn't expect the company to get this far."
Currently, investors have a short interest in 41 percent of Palo Alto, California-based Tesla's float, or shares available to the public, according to data compiled by Bloomberg. The shares had the sixth-highest short interest among Nasdaq-listed stocks as of the April 30 settlement date. Short sellers profit from price declines by selling borrowed securities and replacing them with stock bought at lower levels.
The surge in shares of the automaker named for inventor Nikola Tesla came after the company this week reported its first quarterly profit, which also beat estimates. Consumer Reports magazine yesterday also said Tesla's Model S sedan, with a $69,900 base price, scored 99 out of 100 points in its evaluation, ranking among the best cars it has tested.

Naked Shorts?

Tesla has more than doubled this year compared with a 15 percent increase in the Russell 1000 Index. Bearish investors have pared back bets against the electric-car maker as the stock rallied.
About 20 percent of the company's shares outstanding were borrowed and sold short on May 8, down from 23 percent three weeks ago, according to data compiled by Bloomberg and Markit, a London-based research firm. That compares with an average 3.1 percent for the Russell 1000 Index.
Shares on loan in Tesla reached a record 25 percent in September last year.
Musk said in an interview last week there are rumors some investors had a naked short position in Tesla. In a naked short sale, the seller doesn't borrow shares at the beginning of the process and can get caught needing to buy at ever-higher prices.
"You're not supposed to do that on the Nasdaq," Musk said on May 2 in Hawthorne, California. "If there's a naked short, oh my god, things could really go ballistic."
The gains in Tesla shares this week, along with SolarCity Corp. (SCTY), a solar power company also led by Musk, have raised his fortune to $4.5 billion, according to the Bloomberg Billionaires Index. SolarCity has the highest short interest among Nasdaq-listed stocks as of the April 30 settlement date.
http://www.bloomberg.com/news/2013-05-10/tesla-motors-short-covering-sustains-gains-mover.html
  Forum: Off Topic Chat

veeone
Posted on: May 8 2013, 06:02 PM


Group: Member
Posts: 5,055

Come July 1, gas prices are set to spike. In New South Wales, the price increase is predicted to be as much as 8.6 per cent.

The reason behind the price hike, as stated by the New South Wales Independent Pricing and Regulatory Tribunal (IPART), is due to increased network and retail costs.
At the same time, it's believed that moderating electricity network costs will contribute to the fall in electricity prices across the state. Welcome news, given the carbon tax and other green energy schemes implemented by the federal government in recent years have added about $550 to the average annual household electricity bill.
But for gas, there is a very different story.

What are the costs driving up prices?
The construction of pipelines to ferry the gas to where it's being used is the main network cost, along with other costs associated with maintaining the pipeline network.
The energy minister, Chris Hartcher, has stated that prices for gas will now be set annually for NSW, until issues over gas development and supply are determined.
But apparently the wholesale gas market is another issue, and one that is causing uncertainty around the supply of gas. Planned large exports of liquid gas to other markets are seen to be putting pressure on local supplies.
There are fewer issues in other states that have adequate gas supply. Queensland, for example, is self-sufficient in its gas supply. Furthermore, there's an additional $60 billion in gas seam exploration and development underway in the state.
By comparison, NSW is importing more than 95 per cent of its gas. The Australian Petroleum Production and Exploration Association (APPEA) is blaming the lack of supply on the lack of gas exploration in the state. The APPEA has also raised concerns about increasing demands from environmental and farming organisations that seek to limit further coal seam gas exploration.
However, it's not as simple as just opening up more gas projects.

Can't we just extract more gas?

There are very strict regulations in place for the extraction of coal seam gas. This is to protect the environment and restrict contamination of aquifers (the underground water sources that are critical for farming and the environment).
The only way to extract more gas, more quickly, will be to relax those regulations putting the environment, farming, health and our table water are risk.
Plus, if there is more gas extracted, there is no guarantee that any of it would be kept for domestic use. Rather, it will be sold to the highest bidder, which, in this case, is likely to be countries in Asia.
There are no restrictions on the exportation of gas from Australia. In the US, restrictions are in place to ensure domestic supply. So far, neither the federal government nor the opposition is in favour of creating gas export restrictions.

If we're short of gas, why are we exporting it?
That's a very good question. In the new few years, Queensland is set to begin exporting large volumes of liquid gas to Asia. The reason for this is a simple economic one: the price paid in Asia is about $15 per gigajoule. This is around four times the amount paid in Australia. So, the gas is effectively going to the highest bidder.

Are gas companies gold-plating the infrastructure?
The electricity industry was accused of gold-plating its infrastructure and passing on those network development costs to consumers over the past few years.
But, the tricky thing is, supplying utilities to businesses and households is an expensive business. Failure to invest in the network now will only mean increased costs to upgrade network infrastructure at a later date. Poles, wires and connections cost money, as do the teams of people required to maintain and keep electricity infrastructure safe.
Price rises associated with investing in the network are never going to be popular with end customers. However, if the network fails, those same customers would be in dire state quite quickly. The concept of rolling blackouts in utilities services is not something that our modern, networked society expects.
Plus, industry regulation makes it highly unpalatable for electricity companies to have end customers off supply. Electricity providers are fined for every minute off supply when unscheduled power outages occur. The only way for companies to ensure supply to end customers is to continuously invest in its network and assets.
The same accusation is now being targeted at the gas suppliers; that they are gold-platting their networks. But, the same argument prevails. There is an increased demand for gas and to keep the supply constant, safe and accessible, the network needs to be more than just maintained – it needs to be kept as robust as possible to deal with future demands.

Should we just get used to higher gas prices?
Possibly, but it goes further than that. It is not just your heating, hot water and cooking appliances that use gas. Industry uses gas, particularly in manufacturing. Rising gas prices paid by industry will, ultimately, be passed on to consumers in other ways.
Plus, there is a real chance that the manufacturing industry as a whole will suffer, leading to job losses.
No matter which way you look at it, none of this is good news economically speaking.
http://www.bigpondmoney.com.au/why-your-gas-bill-is-rising
  Forum: Investment Discussion

veeone
Posted on: May 8 2013, 10:56 AM


Group: Member
Posts: 5,055

QUOTE
I'm finding it hard to get on board (and I'm not sure I really need any more of these!)


Agree barra been very tempted to add more but put the cash elsewhere for now....... as with no direction from our "board" its hard to commit more cash that may end in a larger losing position!!

QUOTE
this is just being worked up only to go back down imo

Seen that a few times now over the last 15 months!! V1
  Forum: By Share Code

veeone
Posted on: May 8 2013, 10:43 AM


Group: Member
Posts: 5,055

SP slowly creeping back up on low volume. V1
  Forum: By Share Code

veeone
Posted on: May 8 2013, 10:13 AM


Group: Member
Posts: 5,055

Volume & SP up at open.......Maybe this time it moves?? V1
  Forum: By Share Code

veeone
Posted on: May 8 2013, 08:57 AM


Group: Member
Posts: 5,055

QUOTE
No doubt they will test 15k again shortly


U.S. stocks rose, sending the Dow Jones Industrial Average to its first close above 15,000, on optimism over global central bank stimulus and better-than- estimated corporate earnings.

Nine out of 10 groups in the Standard & Poor's 500 Index rose.

The S&P 500 (SPX)rose 0.5 percent to 1,625.96 at 4 p.m. in New York, its fourth straight record close. The Dow added 87.31 points, or 0.6 percent, to 15,056.20. The gauge briefly surpassed 15,000 for the first time in intraday trading on May 3. More than 5.8 billion shares traded hands on U.S. exchanges today, or 6.7 percent below the three-month average.

"This is a QE-fueled market," Steven Bulko, the New York- based chief investment officer of Lombard Odier Investment Management's $1 billion long/short 1798 Fundamental Strategies Fund, said by telephone. "You're just not seeing sales based on allocation into any other asset class because of the relative unattractiveness of everything other than equities. That's putting in place a firm bid to the equities market."

The S&P 500 advanced 0.2 percent yesterday, after the benchmark gauge for U.S. equities topped 1,600 for the first time on May 3. U.S. stocks are in the fifth year of a bull market amid better-than-estimated corporate earnings and three rounds of bond purchases by the Federal Reserve.

http://www.bloomberg.com/news/2013-05-07/u...es-advance.html
  Forum: Macro Factors

veeone
Posted on: May 6 2013, 02:51 PM


Group: Member
Posts: 5,055

PetroChina has taken out an eight year tenancy at 111 Eagle Street at a gross rental industry sources estimate to be between $850 and $900 per sqm per annum.


Pretty confident in signing a lease that long!! V1
  Forum: By Share Code

veeone
Posted on: May 6 2013, 10:43 AM


Group: Member
Posts: 5,055

Welcome to SS.

QUOTE
I don't touch bio-tech or any new tech really because I don't understand it.


Probably more than 90% of the market is in the same boat.......but jump on any train thats pushing hot air and then the experts come out of the closet!! V1
  Forum: Off Topic Chat

veeone
Posted on: May 4 2013, 12:43 PM


Group: Member
Posts: 5,055

Real-estate Empire in Space
A long but interesting read!! V1

http://www.businessweek.com/articles/2013-...ire-in-space#p1
  Forum: Off Topic Chat

veeone
Posted on: May 4 2013, 12:06 PM


Group: Member
Posts: 5,055

U.S. stocks rallied, with the Dow Jones Industrial Average topping 15,000 during the day for the first time, and Treasuries slid as faster-than-forecast employment growth bolstered optimism in the world's largest economy. Copper surged the most since 2011.
The Dow climbed 142.38 points, or 1 percent, to 14,973.96 at 4 p.m. in New York and surged as high as 15,009.59. The S&P 500 advanced 1.1 percent to 1,614.22, above 1,600 for the first time, and Germany's DAX Index rose 2 percent to close at a record. Ten-year Treasury yields, which fell to the lowest level of the year yesterday, jumped 11 basis points to 1.74 percent for the biggest gain since September. Copper surged 6.8 percent and lead increased 5 percent to lead commodities higher.

U.S. payrolls expanded by 165,000 workers last month and revisions to the prior two months added a total of 114,000 jobs to the employment count. The median forecast of economists in a Bloomberg survey called for an increase of 140,000 positions. The report overshadowed other data showing weaker-than-forecast growth in service industries and a drop in factory orders.

"This certainly gives some indication that there's life in the economic recovery," James Dunigan, who helps oversee $112 billion as chief investment officer in Philadelphia for PNC Wealth Management, said by telephone. "Recent evidence suggested economic growth was down-shifting in the second quarter. The good news, versus what the market thought, added some confidence here."
http://www.bloomberg.com/news/2013-05-03/asian-stocks-advance-with-industrial-metals-on-u-s-jobs-ecb.html

And we were all thinking it was a bit toppy a few weeks back.........No doubt they will test 15k again shortly!!V1
  Forum: Macro Factors

veeone
Posted on: May 4 2013, 11:57 AM


Group: Member
Posts: 5,055

QUOTE
let's hope the deal is next week !!


First time i said that was 52 weeks or more ago and several times since when the SP spiked upwards for a while!!
I really should buy more but with us now 10c below my average and 50/50 chance of a deal is it worth the risk to possibly have a bigger loss in the "near term" future??
Did not have a stop loss due to takeover as news could pop up any time..........we are all buying and selling on an uninformed basis really..............Wonder what views ASIC has on that??V1
  Forum: By Share Code

veeone
Posted on: May 4 2013, 11:47 AM


Group: Member
Posts: 5,055


Berkshire Cash Hits Record $49.1 Billion as Profit Climbs
Warren Buffett’s Berkshire Hathaway Inc. (BRK/A)’s cash hoard hit a record as first-quarter profit jumped 51 percent on gains from equity-linked derivatives and insurance operations.
Net income climbed to $4.89 billion, or $2,977 a share, from $3.25 billion, or $1,966, a year earlier, the Omaha, Nebraska-based company said yesterday in a statement. The cash pile grew to $49.1 billion from $47 billion three months earlier, eclipsing the previous record of $47.9 billion in the second quarter of 2011.

Berkshire is benefiting as improvements in the housing market help the U.S. economy rebound from the biggest slump since the Great Depression. As chairman and chief executive officer for more than four decades, Buffett transformed his company through takeovers from a textile maker into a firm that hauls freight, generates electricity, sells insurance and manufactures building supplies from bricks to paint.

“This earnings report is the tip of the iceberg,” Bill Smead, portfolio manager of the Smead Value Fund, which owns Berkshire shares, said in an interview in Omaha. “Warren has organized the company around the rebirth of the United States economy over the next 10 years and this is the beginning of that rebirth.”
Class A shares rose 22 percent this year to $162,904 in New York, beating the 13 percent gain in the Standard & Poor’s 500 Index. Class B shares advanced after results were announced, climbing 2.2 percent to $111 at 7:56 p.m. yesterday. Investors can convert a Class A share into 1,500 B shares.
http://www.bloomberg.com/news/2013-05-03/b...nvestments.html

  Forum: Off Topic Chat

veeone
Posted on: May 3 2013, 10:24 AM


Group: Member
Posts: 5,055

QUOTE
Do they want to buy?


Often what happens aye!! Got a link to the UBS recommendation Arty? V1
  Forum: By Share Code

veeone
Posted on: May 3 2013, 08:27 AM


Group: Member
Posts: 5,055


U.S. Stocks Rise as ECB Cuts Rate, Jobless Claims Fall
U.S. stocks rose, sending the Standard & Poor’s 500 Index to a record high, as the European Central Bank cut its key interest rate and American jobless claims unexpectedly fell.
The S&P 500 rose 0.9 percent to 1,597.59 in New York, erasing yesterday’s drop. The Dow gained 130.63 points, or 0.9 percent, to 14,831.58. About 6 billion shares traded hands on U.S. exchanges today, 4.7 percent below the three-month average.

“The ECB did the minimum it needed to do,” Michael Strauss, who helps oversee about $25 billion of assets as chief investment strategist at Commonfund Group in Wilton, Connecticut, said by telephone. “Are they way behind the curve? Yes, but it at least showed that they’re recognizing the economic deterioration in the euro zone. The announcement was widely expected but on the margin it provided some help and the jobless claims data provided some help.”

ECB policy makers meeting in Bratislava lowered the main refinancing rate to 0.5 percent from 0.75 percent, a move predicted by 45 of 70 economists in a Bloomberg News survey. “Our monetary policy will remain accommodative for as long as needed” and officials “will monitor very closely all incoming information” in the months ahead, ECB President Mario Draghi said at a press conference.
http://www.bloomberg.com/news/2013-05-02/u...book-gains.html

  Forum: Macro Factors

veeone
Posted on: May 2 2013, 10:11 AM


Group: Member
Posts: 5,055

Well glad i stood aside and sold @ 18 was a bit concerned that if they tested 17 again it may not hold as the over 3 million on the buy at that level looked a bit of a prop to me....although you can never be sure i opted to play safe and see what happens!!
Just not sure where the next support may be at considering it has been a long time since the SP was here. Trend is down but i don't expect single digits where i originally started trading GBG in 2004!!! Scary if it did!! V1

Ps think the company needs to release some figures as a guide for the market to at least get an idea of what cash they expect to be coming in before they said they would actually release them end of this quarter i think. As market is worried about their debt vs what will be left after they cover their debt and expenses per quarter. Big end of town is capitalising on this!!
  Forum: By Share Code

veeone
Posted on: May 1 2013, 01:32 PM


Group: Member
Posts: 5,055

Cocaine may have caused GFC

A new theory suggests cocaine was to blame for the global financial crisis.

Leading drug authority and Professor of neuro-psycho-pharmacology David Nutt has claimed that a culture of cocaine within the banking world resulted in over-confidence and more risk taking.

There are those in the banking community that say he might be right.

'When you are on coke you don't stand back and analyse things' former stockbroker Geraint Andersen told Reuters.

'You're 100% sure what you're doing is the right thing. And that kind of over-confidence and arrogance to some extent may explain, or help explain how people can sell products that in my opinion were quite clearly doomed to fail at some point.'

Scientists have also suggested that trading and cocaine have many similarities.

Both pursuits release dopamine, the chemical we feel when we take risks.
http://bigpondnews.com/articles/OddSpot/20...GFC_868321.html

  Forum: Off Topic Chat

veeone
Posted on: Apr 30 2013, 03:07 PM


Group: Member
Posts: 5,055

No nothing bad really in it should be cash positive later in the year. As for funding seems our joint partner is keen to lend more cash only down side is they may one day end up with alot more or all of the project if they wanted it....One reason they may have done this........ they are thinking ahead. V1

  Forum: By Share Code

veeone
Posted on: Apr 30 2013, 01:47 PM


Group: Member
Posts: 5,055

QUOTE
One of the many reasons to read an EB post.


I second that!!

Long as the point gets across what does it matter!! V1
  Forum: By Share Code

veeone
Posted on: Apr 30 2013, 01:32 PM


Group: Member
Posts: 5,055

"Board announces steering indicative takeover process towards conclusion in the near term"

First sentence in the quarterly just out........Hmm two months ago they said that........Whats their definition of near term??
Its getting old!! V1
  Forum: By Share Code

veeone
Posted on: Apr 30 2013, 12:23 PM


Group: Member
Posts: 5,055

Bought a few days ago to see what happens with the quarterly. May be a case of "sell the fact". Although would be nice to see a turn around now they are very close to nameplate production and looking towards the future and increasing that!! V1
  Forum: By Share Code

veeone
Posted on: Apr 30 2013, 10:53 AM


Group: Member
Posts: 5,055

Volume up first thing this morning with SP. People expecting a good quarterly?? V1
  Forum: By Share Code

veeone
Posted on: Apr 30 2013, 10:50 AM


Group: Member
Posts: 5,055

Hi Arty yes i get them at my broker too just good to be able to scan all in the list as they get released instead of going to different watch lists etc. Think they have a big problem the way its looking after this amount of time. Cheers V1
  Forum: Investment Discussion

veeone
Posted on: Apr 30 2013, 09:47 AM


Group: Member
Posts: 5,055

ASX website been down for more than 30 minutes sofar this morning!! V1
  Forum: Investment Discussion

veeone
Posted on: Apr 29 2013, 08:50 AM


Group: Member
Posts: 5,055

Trading Halt! proposal to launch convertible note offer! V1
  Forum: By Share Code

veeone
Posted on: Apr 24 2013, 07:49 PM


Group: Member
Posts: 5,055

QUOTE
An effective stop loss requires intelligent confirmation after an alert. Otherwise you'll fall victim to stop raids and other manipulation


Exactly Arty plenty hold the same view nowadays after recent events!!

Traders said the selloff may have been exacerbated by so- called stop-loss orders, which are placed by investors to automatically sell stocks when declines of a specified threshold are reached.

'Quite Scary'
"The whole lesson is never do stop-losses," said Barry Schwartz, fund manager with Baskin Financial Services Inc. in Toronto. He helps manage about C$500 million ($487 million). "That's what I took from this. Same with the flash crash. Second is I don't know how markets can react to that news so quickly. It must be programmed computer trading, which is also quite scary," he said.
http://www.bloomberg.com/news/2013-04-23/f...-fragility.html
  Forum: Off Topic Chat

veeone
Posted on: Apr 24 2013, 07:41 PM


Group: Member
Posts: 5,055

ERM power upped its stake to 12.83% from 7.16%...........V1
  Forum: By Share Code

veeone
Posted on: Apr 24 2013, 09:49 AM


Group: Member
Posts: 5,055


JOINT VENTURE INTO BRAZIL

ANNOUNCEMENT 24 APRIL 2013

HIGHLIGHTS

• Vmoto to enter the Brazilian market through a Joint Venture ("JV"), to be named "E-Max do Brasil", with Riba Motos Industria e Comercio Ltda ("Riba") giving the Company access to an assembly facility with direct distribution to Latin America, the world’s second fastest growing electric scooter market (Source: Pike Research)

• JV with Riba as local partner has significant cost savings for the Company compared to entering into this new market on its own

• Two years of preparations give Vmoto significant time advantages over any competitors

• First mover entry in electric scooters by a western firm into Brazil with a financial commitment of less than 200 scooters for Vmoto

• Brazil is the fifth largest motorcycle market in the world. Electric scooter fleets alone estimated to reach ~500,000 units by 2017 without taking into account any of the private market (Source: Crowe Horwarth)

• Six month trials with Correios (Brazilian Post) so far completed and discussions underway with other very significant motor, fleet and electric companies as well as local distributors and dealer networks in all the key Brazilian cities

Vmoto Limited (ASX:VMT, AIM:VMT), the global scooter manufacturing and distribution group specialising in electric powered scooters is pleased to announce that it has signed a joint venture agreement with Riba Motos Industria e Comercio Ltda in Brazil on a 70% (Riba) and 30% (Vmoto) basis.

  Forum: By Share Code

veeone
Posted on: Apr 24 2013, 09:42 AM


Group: Member
Posts: 5,055

QUOTE
"No human believed the story. Only the computers react to something that serious disseminated in such a way


Quite funny!! Who controls the computer?? V1
  Forum: Macro Factors

veeone
Posted on: Apr 24 2013, 08:07 AM


Group: Member
Posts: 5,055

A false report of explosions at the White House that wiped out $136 billion from the Standard & Poor's 500 Index in about two minutes highlighted the risks of the computerized trading that dominates the $18 trillion market.

The S&P 500 was up about 1 percent at about 1,578 at 1:07 p.m. New York time today when a posting on the Associated Press Twitter account said there had been explosions at the White House and President Barack Obama had been injured. The benchmark gauge for American stocks erased almost the entire gain, falling as low as 1,563.03 by 1:10 p.m. The index recovered from the plunge within three minutes as the news service said its Twitter account had been hacked and there were no explosions. The S&P 500 ended the session up 1 percent at 1,578.78.

"Trades should not be busted," Rick Fier, director of equity trading at Conifer Securities LLC in New York, said in a interview. His firm oversees $8 billion in assets. "No human believed the story. Only the computers react to something that serious disseminated in such a way. I bought some stock well and did not sell into it. Humans win."
Exxon Mobil Corp., Apple Inc., Johnson & Johnson and Microsoft Corp. briefly lost about 1 percent in two minutesbefore rebounding. The plunge didn't trigger circuit breakers for individual stocks. Shares for most companies pause for five minutes if they lose 10 percent in five minutes.
Nasdaq OMX Group Inc. doesn't comment on market moves, Robert Madden, a spokesman for the exchange operator, said by phone. Richard Adamonis, a spokesman for NYSE Euronext, declined to comment. Molly McGregor, a spokeswoman for New York-based International Securities Exchange LLC, and CME Group Inc. spokesman Michael Shore declined to comment. Chicago-based CME is the world's largest futures exchange.

Dow's Loss
The Dow Jones Industrial Average (INDU) lost about 145 points before recovering and ending the session 152.29 points higher at 14,719.46. Other markets briefly retreated and then recovered losses. Canada's S&P/TSX Composite Index slid 0.3 percent and Brazil's Bovespa lost 0.5 percent in the minutes after the Twitter post.
"It's one thing for an illiquid stock to do that but how does a multitrillion-dollar market do that?" Walter Todd, who oversees about $940 million as chief investment officer of Greenwood Capital Associates LLC in Greenwood, South Carolina, said in a telephone interview. "That's very disturbing to me. It's unnerving."
Traders said the selloff may have been exacerbated by so- called stop-loss orders, which are placed by investors to automatically sell stocks when declines of a specified threshold are reached.

'Quite Scary'
"The whole lesson is never do stop-losses," said Barry Schwartz, fund manager with Baskin Financial Services Inc. in Toronto. He helps manage about C$500 million ($487 million). "That's what I took from this. Same with the flash crash. Second is I don't know how markets can react to that news so quickly. It must be programmed computer trading, which is also quite scary," he said.
"Don't let computers rule your investments," Schwartz said.
On the floor of the NYSE on Wall Street in Manhattan, Jonathan Corpina said he immediately called a client who works two blocks away from the White House to confirm the story.
"He did not know what I was talking about," Corpina, senior managing partner with Meridian Equity Partners Inc., told Bloomberg Radio. "He said I'm staring at the White House and there's nothing going on here right now," he said.

'Snowball Effect'

Algorithmic trading programs that read news headlines may have started the selling, he said. "And then other algos jump in to play the snowball effect, and little by little you have the computer trading systems that have canceled all their orders on the buy side and the sell algos hit all these bids, and that's the big dip we saw," he said.
The Chicago Board Options Exchange Volatility Index, or VIX, surged more than 9 percent from 13.6 at 1:08 p.m. to as high as 14.87 at 1:10 p.m. before reversing the gain in the following three minutes. The VIX, which moves in the opposite direction to the S&P 500 about 80 percent of the time, ended the session 6.3 percent lower at 13.48 and is down 25 percent for the year.

Flash Crash Flashback
Today's plunge reminded many traders of the May 2010 flash crash that briefly erased $862 billion in market value in less than 20 minutes. Regulators and exchanges are altering the speed bumps adopted after that incident in an effort to boost confidence in a market that has become faster and more complex over the last decade. Under the limit-up/limit-down system, which is going into effect gradually for stocks, trades aren't allowed to occur at more-than specified percentages above or below a stock's rolling five-minute average price.
The changes are intended to prevent a repeat of the flash crash, which was caused partly by one firm's trade in stock- index futures, according to a study released Oct. 1 that year by the Securities and Exchange Commission and the U.S. Commodity Futures Trading Commission. The trading algorithm employed by the firm, identified by two people with knowledge of the findings as Waddell & Reed Financial Inc. (WDR), sparked the rapid selling of stock futures because it took into account volume but not price or time, the report said.
Today's plunge "is different than some market mechanism breaking down or some problem with a broker," John Carey, a fund manager at Boston-based Pioneer Investment Management Inc., said by telephone. His firm oversees about $208 billion. "This was just a rumor and there have been lots of rumors over the years that moved prices until people get some confirmation that it was or wasn't true," he said. "I would guess that would have just been the beginning of some market drop if it had been a true story. But thankfully it wasn't."


http://www.bloomberg.com/news/2013-04-23/f...-fragility.html
  Forum: Macro Factors

veeone
Posted on: Apr 19 2013, 02:45 PM


Group: Member
Posts: 5,055

QUOTE
Where is all the gold sold going to

Germany picking it up??
Cyprus selling to pay down its debts?? V1
  Forum: Macro Factors

veeone
Posted on: Apr 19 2013, 02:39 PM


Group: Member
Posts: 5,055

Might be all thats needed to start it off Arty. In for another try!! Tight stop! V1
  Forum: By Share Code

veeone
Posted on: Apr 19 2013, 02:35 PM


Group: Member
Posts: 5,055


Felons in Charge of Our Largest Financial Institutions-Professor William Black
http://usawatchdog.com/felons-in-charge-of...-william-black/
  Forum: Off Topic Chat

veeone
Posted on: Apr 19 2013, 01:36 PM


Group: Member
Posts: 5,055

Possibly finding some traction today.
Might get a bit of a push from now on with buyers hoping for some good news in the upcoming quarterly? V1
  Forum: By Share Code

veeone
Posted on: Apr 19 2013, 12:03 PM


Group: Member
Posts: 5,055

QUOTE
are they going for the worlds record for the most share in the market.

Thought they already had that!! lol
over 6.1 billion........just mind blowing for such a small company!! V1
  Forum: By Share Code

veeone
Posted on: Apr 18 2013, 03:28 PM


Group: Member
Posts: 5,055

I read somewhere that 75 buildings were levelled!! V1
  Forum: Off Topic Chat

veeone
Posted on: Apr 18 2013, 02:58 PM


Group: Member
Posts: 5,055

Gained some momentum this arvo 70c level now?? V1
  Forum: By Share Code

veeone
Posted on: Apr 18 2013, 01:33 PM


Group: Member
Posts: 5,055

Tide may be slowly turning. Held well today sofar.Buy side looking better closer to the action. V1
  Forum: By Share Code

veeone
Posted on: Apr 18 2013, 10:45 AM


Group: Member
Posts: 5,055

Hmm 74 done and dusted someone dropped a depth charge and took out all the 500k plus buyers waiting at 74.........
What next a slight overshoot or pushed lower? V1
  Forum: By Share Code

veeone
Posted on: Apr 18 2013, 10:06 AM


Group: Member
Posts: 5,055


How does that add up?? (surplus volume)
Indicative Price ($):
0.300 Surplus Volume: 892,206 Indicative change in price since previous close

Market Depth Refresh View: Price Detail | Order Detail
Buyers 5

545,873

0.300



Sellers
2

3,667

0.300

  Forum: By Share Code

veeone
Posted on: Apr 18 2013, 10:00 AM


Group: Member
Posts: 5,055

Trading halt regarding an asset disposal......Will it be enought to turn the SP around and arrest the downtrend? V1
  Forum: By Share Code

veeone
Posted on: Apr 18 2013, 09:52 AM


Group: Member
Posts: 5,055

QUOTE
in the near term

I just wonder what sort of "Duty of Care" to their shareholders rules they should have to follow with comments like that.......
Surely they would have trouble arguing in court against what they have not done in the last 14 months in regard to keeping shareholders informed when we have seen wild fluctuations in the share price on all the false media reports and such.
Just what sort of confidentiality are the predators worried about?? Even if people know who they are they have offered up a starting price for negotiating its still not going to stop others that may be interested in the company if they do or donot know the parties name. It just seems ridiculous!! SP 50% below the last offered price!!
ASX and ASIC need to change the rules in regard to takeover approaches as this is out of hand especially when you look at what happened over at Sundance!!! V1
  Forum: By Share Code

veeone
Posted on: Apr 17 2013, 02:44 PM


Group: Member
Posts: 5,055

Mining contractor Ausdrill has delivered a sharp profit downgrade, in further evidence of a slowdown in the sector.
Less than two months after it said it expected mining activity to improve and provided full-year net profit guidance of ‘‘at least’’ $112 million, Ausdrill on Wednesday said the group’s poor third-quarter results and ‘‘prevailing market conditions’’ now meant it expected to report net profit of between $90 million and $96 million for the year – a downgrade of more than 14 per cent.
‘‘The group’s profits are expected to be impacted by the general slowdown in activity in the Australian mining sector that has occurred from September 2012 onwards, and which has not recovered as previously expected,’’ Ausdrill said in a statement to the stock exchange.
Shares in Ausdrill fell as much as 20 per cent to $1.69 at the open of the morning’s trade, backing up a 8 per cent fall on Monday. Ausdrill placed its shares in a trading halt yesterday ahead of this morning’s announcement.
Ausdrill hinted at further job losses in the contracting sector, saying it was ‘‘reviewing cost structures’’ within the group, ‘‘including employee numbers’’, with the total number of Australian employees (excluding the recent acquisition of BTP) being reduced by more than 300 since July last year – a decline of 13 per cent – due to redundancies and natural attrition. Contractor UGL said in February more than 700 will go from its mining division.
Ausdrill said its core business of mining services in Africa and Australia has largely continued to perform as expected due to the focus on mines already in production.
But it said a slowdown was particularly evident in mining exploration and equipment hire.
Major miners including BHP Billiton and Rio Tinto have announced a significant scaling back of their exploration activities.
‘‘The fall in commodity prices has generally resulted in the deferral of new projects and the scaling back of overall physical material movements on some production sites,’’ it said.
Ausdrill said it expected these trading conditions to persist in the ‘‘near term’’ citing the weakness in the prices of coal, iron ore and more recently gold, as well as delays in coal seam gas drilling.
The forecast net profit includes the impact of $16.2 million worth of significant items, which includes an increase in bad debts and foreign exchange losses.
The share prices of mining contractors have been under siege since mid-February, as sentiment against the sector continues to turn sour.
Boart Longyear shares have plunged 57 per cent since February, including a 14 per cent fall on Tuesday.
More diversified contractors, including AJ Lucas, WorleyParsons, Leighton and UGL, have also experienced heavy falls.
And even sector darling Monadelphous has been unable to avoid the carnage, falling 27 per cent over a similar two-month period
http://www.smh.com.au/business/mining-and-...l#ixzz2Qh0JAnLB

  Forum: By Share Code

veeone
Posted on: Apr 17 2013, 02:38 PM


Group: Member
Posts: 5,055

Atlas blasts market 'over-reaction'

Atlas managing director Ken Brinsden offered a fierce defence of the iron ore sector, which he said had far better credentials than most investors and commentators believed.
The iron ore price averaged a very healthy $US148 per tonne during the March quarter, and has only fallen about 12 per cent since it hit $US158 per tonne in February.
But iron ore stocks like Atlas have fallen by close to 50 per cent since February, as investors bet on the iron ore price declining further in the near future as supply from new mines increases.
Mr Brinsden said there had been a ''gross over-reaction to the negative'', and investors would soon discover that new iron ore mines would prove harder to bring into production than most people thought.
''The so-called specialists are overstating what's possible on the supply side,'' he said.
BusinessDay reported last month that Atlas was increasingly likely to strike a rail access deal with Fortescue Metals Group rather than participate in the construction of a new, multi-user railway in the Pilbara.
Mr Brinsden said yesterday that both options remained on the table, but again pointed to the fact that the Fortescue option would be available sooner.
"You don't have to be a rocket scientist to work out FMG's network is already on the ground,'' he said.
Atlas exported just under 2 million tonnes of iron ore in the March quarter, and remains on track to export between 7.4 and 7.7 million tonnes in the year to June 30.
But investors continue to sell the stock, which has fallen today by close to 4 per cent to 97.25 cents.
That price is Atlas' lowest for more than four years.
http://www.smh.com.au/business/mining-and-...l#ixzz2QgyvRWxI
  Forum: By Share Code

veeone
Posted on: Apr 17 2013, 02:36 PM


Group: Member
Posts: 5,055

Uranium miner Paladin Energy is testing eight-year lows, after producing an underwhelming set of March quarter results today.
Shares in Paladin were fetching 76.5 cents shortly after midday, matching the recent low which was set on November 16, 2012.
Prior to that day, Paladin's share price had not plumbed such depths since June 2005.
Production at Paladin's flagship Langer Heinrich mine in Namibia was lower than the previous three reporting periods, and 13 per cent below the December quarter, on the back of problems with the water supply on site.
Paladin said the local water supply company had been undertaking infrastructure upgrades ahead of a rival uranium mine being built nearby, and those works had reduced the amount of water that was available over recent months.
That mine, Husab, is being controlled by a Chinese state-owned nuclear power company.
Paladin said talks were underway to source extra desalinated water as early as next month, and the company hopes that solution will alleviate the water supply problems and allow production rates to recover.
Production from Paladin's other mine - the Kayelekera mine in Malawi - was also lower than in December, but was at least better than in the September and June quarters of 2012.
The amount of material mined at Kayelekera was a massive 29 per cent below target on the back of equipment shortages.
Paladin insists its overall production target for the year to June 30 is still achievable, and is planned to be within 8 to 8.5 million pounds of uranium oxide.
While the slump in gold and silver has hogged the headlines over the past week, the spot price for uranium also dropped about 5 per cent this week and is now less than $US41 per pound.
Paladin sells much of its uranium on contracts, and received an average price of just over $US55 per pound during the March quarter.
Today's falls in the Paladin share price mean the company has lost close to a quarter of its share price over the past fortnight.
The Paladin results came on a busy day of reporting across the resources industry.
Apart from BHP's soft but steady March quarter results, the likes of Atlas Iron and Sandfire Resources have also been revealing their results today.

http://www.smh.com.au/business/mining-and-...l#ixzz2QgyS8Utz
  Forum: By Share Code

veeone
Posted on: Apr 17 2013, 07:39 AM


Group: Member
Posts: 5,055

Gold for immediate delivery slid to $1,321.95 today, the lowest since January 2011, before gaining 2.1 percent to $1,376.10 at 7:41 p.m. in London, paring this year’s slide to 18 percent. That would be the biggest annual decline since 1997. Prices slumped 14 percent in the two days through yesterday, the most since February 1983. Since starting to appreciate in 2001, gold has gained 410 percent compared with an increase of 18 percent in the Standard & Poor’s 500 Index of stocks.

http://www.bloomberg.com/news/2013-04-16/g...pportunity.html



The selloff was sparked by mounting concern that Cyprus would be forced to sell gold from its reserves and “potentially reflecting a larger monetization of gold reserves across other European central banks,” Goldman Sachs Group Inc. said in a report today. The island nation owns 13.9 metric tons of bullion, according to World Gold Council data.

The metal’s drop wiped out almost $1 billion of hedge-fund manager John Paulson’s wealth in the past two days. The 57-year- old began the year with about $9.5 billion invested across his hedge funds, of which 85 percent was in gold share classes. He’s sticking with his thesis that gold is the best hedge against inflation and currency debasement, John Reade, a partner and gold strategist at New York-based Paulson & Co., said in an e- mailed statement.

  Forum: Macro Factors

veeone
Posted on: Apr 16 2013, 05:59 PM


Group: Member
Posts: 5,055

Says pending update on companies earning guidance! V1
  Forum: By Share Code

veeone
Posted on: Apr 16 2013, 04:14 PM


Group: Member
Posts: 5,055

Real lack of volume in the closing auction today!! Been some keen buyers in previous sessions at the close.
Tommorrows another day!! V1
  Forum: By Share Code

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