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Clocker
Posted on: Jul 24 2014, 09:20 PM


Group: Member
Posts: 662

Hi Henrietta,

Plenty of pundits got this wrong, including yours truly, who took a bath today again on this stock when I finally got fed up after so many years holding and trading and decided enough was enough.

No doubt there will be plenty of theories thrown around, including the one I have about the Americans looking to drive Silex to the point where they end up selling the technology, which will save GLE from paying fat royalties to Silex in perpetuity. This practice is so very typical and unfortunately Australian companies have been on the receiving end more often than not.

GLE cite adverse market conditions for the pull back. Haven't we been in adverse conditions since Fukushima, during which GLE continued to hire staff and spend vast amounts of money to advance the technology. Give me a break, we have been screwed.

Sorry for the rant, but too much of my time and money has gone into this stock over the years (yes, my fault) and I am just feeling a bit washed out and pissed off at the moment.

  Forum: By Share Code

Clocker
Posted on: Nov 13 2013, 05:06 PM


Group: Member
Posts: 662

Nifty,

Other way around mate, 1 for 2 shares.

Cheers

Clocker
  Forum: By Share Code

Clocker
Posted on: Oct 3 2013, 08:54 PM


Group: Member
Posts: 662

Thanks Arty, not! wacko.gif
  Forum: By Share Code

Clocker
Posted on: Sep 24 2013, 03:44 PM


Group: Member
Posts: 662

sad.gif sad.gif sad.gif

I added!!!!!!!!!!!!!!!!!!!!!
  Forum: By Share Code

Clocker
Posted on: Sep 23 2013, 05:52 PM


Group: Member
Posts: 662

Not today mate, but on the 12th, and my average is 58c.

The narrative on uranium demand, from where I have been looking, is all positive. Maybe I have been ignoring the less positive news.

However, most of the stuff I hold has been flat-lining, so I need some Chinese remedial injections to kick start the system again. Judging by recent news, I am reasonably confident of survival.

My wife, forever the pessimist after 25 years of listening to my tales of share trading, is less confident. Can't understand that. rolleyes.gif
  Forum: By Share Code

Clocker
Posted on: Sep 12 2013, 11:02 AM


Group: Member
Posts: 662

Hope you are right mate, it would make a change for me, as it normally drops when I buy in.
  Forum: By Share Code

Clocker
Posted on: Sep 8 2013, 06:21 PM


Group: Member
Posts: 662

Attached Image
  Forum: Off Topic Chat

Clocker
Posted on: Aug 19 2013, 03:03 PM


Group: Member
Posts: 662

Heading for its lowest finish since January 2005???

Maybe I put the mocker on it Veeone.

Every time Paladin has hit a new low and I buy in, it seems to find a lower floor. This seems to have happened so many times with this stock that I have constantly sworn off trading it, but keep getting sucked in when I think it is a screaming buy.

I'll let you know when I am selling and you can jump all over it.
  Forum: By Share Code

Clocker
Posted on: Jan 8 2013, 01:25 PM


Group: Member
Posts: 662

Clarence is fine mate. Remember him well.

Good to see you supporting a very worthwhile charity.
  Forum: By Share Code

Clocker
Posted on: Jan 8 2013, 12:33 PM


Group: Member
Posts: 662

Hi Mista,

Hard to argue with some of your logic. However, a couple of points.

Unlike Sinner, I have bought and sold this stock over the years for a very tidy profitable sum, but always maintained a core holding. It has been very good to me. Like Moosey, I have played with it since the days around .80c and conducted a fair bit of research on it as well.

I also managed to offload quite a few between $10 and $12, when it hit its highs. Those highs were an abberation, built on hype and speculation, and bore no reality to where it should have been, if anyone could reasonably assess where it should be anyway, given the lack of cash flow. However, it seems to have a level of support around $5 based on 10 year averages. This is around the SP I have based most of my trades on and, I think it is fair to use this level as a comparative base for where it is now, not around the $13 level you have used and refer to when judging its performance.

If you can accept the $5 average as a reasonable valuation, then its performance vis.a.vis other stocks is not so bad in a very depressed market with most punters remaining on the side-lines either through lack of funds or, confidence. Not to mention the effect on the uranium side of the market caused by the Fukushima incident.

As for its poor performance, since release of the approval for GLE to proceed with construction of a plant, then the above factors play into this. In a bull market the price would undoubtedly have jumped significantly on retail trades. In the present market, with all stocks tracking sideways or down, the uranium market in hibernation, and the absence of interested retail traders, it was hardly surprising to see little reaction. However, if you have watched the trades closely since the announcement, there has (in my opinion) been quite a bit of shorting and accumulation. Someone is buying, and there is quite a bit of buying interest in the buy side depth.

Meanwhile, GLE is still to complete the commercial plant engineering design program, including the evaluation of prototype systems
for commercial production, and it still has to secure customer commitments. These will take time, but will also determine the scope of the project and, the potential profits for Silex. Watch for any customer commitments.

The company's performance in other parts of the business are less than expected and, despite Moosey's optimism about the solar side, I don't factor this into my trading, yet.

In summary, I think you are being a little hard on the company and its prospects, even given there are still some uncertainties.

I remain one of the faithfull, but within reason and, I have accumulated a few more sub $3. This is where I have made most of my profits on trading SLX, where it has dropped to current levels and below and then recovered to around $4 - $5.

If the market generally recovers through 2013, I believe SLX will be an outperformer.
  Forum: By Share Code

Clocker
Posted on: May 21 2012, 05:38 PM


Group: Member
Posts: 662

Hear about the insomniac criminal?

He was charged with resisting a rest.
  Forum: Off Topic Chat

Clocker
Posted on: Mar 19 2012, 05:18 PM


Group: Member
Posts: 662

Silex included in climate index

Australian solar technology developer and installer, and uranium enrichment specialist Silex Systems has been added to the HSBC Global Climate Change Benchmark Index, joining 345 other stocks in the category, which spans low-carbon energy production, energy efficiency and energy management, water, waste and pollution control, and carbon traders and investors. Each company must have a market capitalization of at least $450 million, Silex, which has a market value of around $640 million, is the only Australian low-carbon producer to meet that thresh-hold. Hopefully, one day there will be more.

Meanwhile, HSBC says the benchmark index has returned 8 per cent so far this year, trailing broader global equities which returns 11 per cent (up to March 2). The biggest reason was the poor performance of the low-carbon energy production, particularly integrated power producers, nuclear and wind stocks. Solar stocks did well, until about mid February, but fuel cells did even better, gaining 35 per cent. Pollution control and transport efficiency were also strong.

The best performing of the four sectors in the benchmark index has been in climate finance, with listed stocks delivering of return of 17 per cent so far this year. HSBC says this mirrors the partial rebound in European carbon prices following historic lows reached late last year. It says energy efficiency and management offers the best value, with a projected EPS growth rates of 12 per cent for the year, supported by rising oil prices, and current low price earnings rations.

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Clocker
Posted on: Feb 2 2012, 03:07 PM


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Posts: 662

Anyone have any ideas about the 7.5m cross trade today?
  Forum: By Share Code

Clocker
Posted on: Dec 14 2011, 08:10 PM


Group: Member
Posts: 662

Flower

I agree with your final paragraph wholeheartedly, watch the movie "The Inside Job" to really get your blood boiling on this issue.

Not sure I agree with your sentiments about the current Euro politicians though. I think for the most part, they are caught between a rock and a hard place with no obvious solution at hand, other than inflicting pain on the general populace. The latter might be prepared to accept some pain if they saw those responsible for the GFC being crucified, but fat chance of that happening. Whether anarchy is likely to erupt as a consequence, I think it is doubtful. There will no doubt be more violent reaction, from those who want to show their dissent, when the economic malaise really sets in, but I think the majority of the people just want to see some leadership, understanding of their predicament, and some sense of direction and control over fiscal policy and management.

Imposing strict conditions on the way Central Banks operate and forcing banks to manage their affairs more transparently and responsibly is a good start. Tidying up the other half of the financial services sector will be more difficult. People need to be reassured they are relatively safe havens for their savings and that their practices are transparent. We have our own problems with the sector in this country.

As I see it, Europe has depended on the US for leadership and fiscal direction since the end of World War 2, and is floundering now because the US has disappointed on both fronts in recent decades, culminating in the GFC. Europe needs to stand on its own feet now and lead by example. Ironically, I think the Germans have been passed the baton for this role by other European countries, who now want Germany to drag them out of the mess they are in, and I think they are just the right people to do it.
  Forum: Macro Factors

Clocker
Posted on: Dec 14 2011, 02:41 PM


Group: Member
Posts: 662

My opinion only, but I believe the Euro will strengthen over the coming 12 months, as a result of more stringent and complementary conditions to be imposed on Central Banks throughout Europe. Some countries may find the conditions unacceptable, as the Brits already have, and be faced with leaving the EU or toeing the line on fiscal discipline. It is this discipline which will rule the day and strengthen the Euro. As some wit mentioned, "Cameron's involvement was like someone going to a swingers party without a partner". In other words he had nothing to offer and plenty to gain. In this case, the swingers weren't interested.

At some point he will have to come back with something to offer, but the Brits have been reluctant to give up their wives, so they will look for a "lover" to offer up.

Meanwhile, the longer Sarkozy and Merkel hold the reins, and the ECB refuses to bail sovereign debt, countries will be forced to bear, and get used to, the pain of austerity measures instead of relying on a quick fix where no lessons are learned. It's a bit like taking the credit card off a spendthrift spouse and forcing him or her to live within their means.
  Forum: Macro Factors

Clocker
Posted on: Jul 19 2011, 03:46 PM


Group: Member
Posts: 662

From their 20 June announcement on BREVAGen launch:

“GTG is now also actively assessing new synergistic M&A opportunities with a view to a possible
transaction during the coming financial year.”
  Forum: By Share Code

Clocker
Posted on: Jun 18 2011, 03:24 PM


Group: Member
Posts: 662

Sorry if this has been posted before, but just a bit of news.

http://pbadupws.nrc.gov/docs/ML1112/ML111240204.pdf
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Clocker
Posted on: Apr 15 2011, 08:30 AM


Group: Member
Posts: 662

RE

I'll have some of what you are drinking.

Clearly what I am having at the moment has been spiked.
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Clocker
Posted on: Apr 13 2011, 01:30 PM


Group: Member
Posts: 662

Buda

I don't know who your broker is, but you can trade the rights by calling your broker and placing them on market. They can verify your entitlement.

No trades so far, but one buyer for 1m at .01c and only two sellers, one at .015c the other at .02.
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Clocker
Posted on: Apr 13 2011, 01:15 PM


Group: Member
Posts: 662



Price of gas in France

A thief in Paris planned to steal some Paintings from the Louvre.



After careful planning, he got past security, stole the paintings, and made it safely to his van.

However, he was captured only two blocks away when his van ran out of gas.

When asked how he could mastermind such a crime and then make such an obvious error, he replied, 'Monsieur, that is the reason I stole the paintings.'



I had no Monet


To buy Degas


To make the Van Gogh.'


See if you have De Gaulle to send this on to someone else.




I sent it to you because I figured I had nothing Toulouse ....



  Forum: Off Topic Chat

Clocker
Posted on: Apr 12 2011, 05:31 PM


Group: Member
Posts: 662

Ahh, those airlines!

http://www.youtube.com/watch?v=HPyl2tOaKxM
  Forum: Off Topic Chat

Clocker
Posted on: Apr 7 2011, 01:49 PM


Group: Member
Posts: 662

I hope so Fraz.
  Forum: By Share Code

Clocker
Posted on: Apr 7 2011, 12:07 PM


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Posts: 662

By the look of today's trading, I would say he has been in for a quick profit.
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Clocker
Posted on: Mar 4 2011, 12:05 PM


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Posts: 662

GF

I had cause to meet and talk with one of the APS principals when he was attending a conference here in Australia last year. He had been one of the dissenting voices from Georgetown Uni, who were concerned about proliferation issues with the Silex technology.

I said I was aware of his concerns about GE's use of Silex, but did he and his colleagues really believe that halting the process would deter other countries from pursuing the technology, if they so chose. And, as for detection, there had been a release from Tammy Orr mentioning the technology would have "detectable signatures" to prevent illegal use of the laser enrichment process. He was not aware of this release and asked me to provide details of the statement.

Encouragingly, he inferred they were not trying to stop the development of Silex, but rather ensure there were processes available to detect and protect the technology.

With the benefit of the reprocessing experience from earlier decades in mind, I doubt the regulators will buy the idea that the US should lead by example again. Rather, they will likely push for the IAEA involvement, as tame as that would be, given Iran's failure to cooperate to date.

I would expect the pressure for approval of the process will be, maintaining the US lead in enrichment technology, particularly out of fear of China's reactor program and parallel enrichment research and development. And, of course, the potential economic benefits flowing from an approval. This is a big money spinner for the States and they need something to help kick them along.
  Forum: By Share Code

Clocker
Posted on: Jan 24 2011, 10:09 AM


Group: Member
Posts: 662

Unfortunately, it looks like it is headed that way.

I guess for those with a bit of spare cash it is an opportunity to build their holding. Wish I had the spare cash.
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Clocker
Posted on: Jan 23 2011, 03:45 PM


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Posts: 662

Sinner

As far as I can work out it was $5.6440, discounted by 10% gives a SPP of $5.0796.
  Forum: By Share Code

Clocker
Posted on: Jan 21 2011, 02:11 PM


Group: Member
Posts: 662

Think you were 3 hours too early with that call Dee. Last half hour certainly was, especially with stop losses triggering.
  Forum: By Share Code

Clocker
Posted on: Jan 10 2011, 05:17 PM


Group: Member
Posts: 662

"Among those who were invited are Larry, Curly, Mo and ??? me, or ???I"

I suspect if you test the sentence by saying, " Me was among those who were invited" or "I was among those who were invited" then the rule or practice would be to say, "Among those who were invited are Larry, Curly, Mo and I"

My two bits worth anyway.
  Forum: Off Topic Chat

Clocker
Posted on: Jan 6 2011, 09:58 AM


Group: Member
Posts: 662

Love the 2nd last paragraph. "The bottom line is the sicker you are, the higher on the list you are."

Cheney is definitely sick, and I am surprised they found a heart (functioning or otherwise) in him at all.
  Forum: By Share Code

Clocker
Posted on: Dec 9 2010, 06:09 AM


Group: Member
Posts: 662

Arty

12:51am, this is really above and beyond the call mate. You deserve a medal.
  Forum: By Share Code

Clocker
Posted on: Dec 8 2010, 03:25 PM


Group: Member
Posts: 662

By the look of the sell side at close, still a long way to go.

We need those three white soldiers to come to the rescue.
  Forum: By Share Code

Clocker
Posted on: Dec 6 2010, 07:27 AM


Group: Member
Posts: 662

Following is an article by Maritime Forces Pacific. Interesting comment on China's dwindling supplies of REM.

The Politics of Rare Earth Minerals
November 2010
Recently, China imposed an unofficial ban on shipments of rare earth minerals (REM) to Japan as part of a larger diplomatic dispute. The media attention caused by the ban created a number of misconceptions on what REM are and increased concern regarding Beijing’s almost unopposed global control of REM supplies.

Seventeen elements can be classified as REM and are used in high technology products such as TVs, guided missiles, and hybrid car batteries. Additionally, REM are absolutely necessary for wireless drones and other guided/wireless weaponry that Western nations increasingly rely on for superiority on the battlefield. REM are not inherently rare, but rather, it is difficult to find sufficient concentrations to make mining operations economically viable. China has been the main supplier of large, cheap quantities of REM for over 20 years. Many believe that the recent technological revolution, with the internet as its nerve centre, would not be possible without an abundance of low cost REM.

In 1990, a single mine in Mountain Pass, California, supplied 40 percent of world demand of REM. Today, China controls upwards of 95 percent of world REM supply. For over two decades, the Middle Kingdom positioned itself to control the REM market with cheap labour and bank loan subsidies. From the mid-1980s to early 2000s, China artificially deflated the cost of REM, making it the first choice supplier of most technology companies. As REM prices were driven down by Chinese mines, Western banks did not see enough profitability in further supporting REM mining outside of China. As banks withdrew lending to would-be mining companies in countries such as Australia, Canada and the United States, corporations sitting on viable plots of REM were forced to close.

Chinese state-controlled banks operate differently then their Western counterparts. Their primary goal is to promote domestic growth through economic stability and full employment, even if this means operating at a loss, and are supported by money from the central government. Thus, as Chinese REM exports expanded, state-controlled banks subsidized REM mining operations so heavily that most analysts believe, until the early 2000s, little or no profit was made. Although low prices did not generate any return on investment for the Chinese banks, it drove down prices far enough that by the turn of the century, China controlled over 90 percent of REM exports. Even though China only possesses one-third of viable REM deposits worldwide, Beijing’s labour and economic practices assure Beijing almost complete control of global supply.

With the market cornered, China began to implement quotas in 2006. The government ensured that the quotas limited supply but also kept prices artificially low, which constricted the REM market but did not cause the usual increase in price due to demand. This left importing nations fighting for supplies without the ability to maintain domestic mines.

China’s recent export ban of REM against Japan was caused by a sovereignty dispute over the resource rich and strategically located Diaoyu (Chinese) / Senkaku (Japanese) Islands. The ban caused heavy delays and, in most incidents, ships full of REM were simply barred from leaving Chinese port. The Chinese government has denied that any trade ban took place and stated that it boosted customs inspections in an attempt to stop suspected smuggling. One analyst noted that Beijing’s shadowy methods give the country plausible deniability and make such trade measures very hard, if not impossible, to retaliate against.

There are unconfirmed reports that as of November, China’s REM embargo against Japan has ended with Chinese officials ordering customs agents to speed up REM export inspections. However, Japan is still troubled by its current economic overreliance on China. Japan produces many high-technology products that require REM and currently imports nearly 50 percent of Chinese REM exports. Japan fears that its technology companies may be up to 10,000 tonnes short of REM this year due to China’s quota system, which will hurt the already struggling Japanese economy. Japan has recently assisted its major technology companies in securing new REM supplies and co-developing new REM mining ventures, but such efforts will take at least a decade before they begin to compete with Chinese REM exports.

Despite China’s current grip on the REM industry, many analysts believe that China will run out of REM in the near future. Before reports stopped being made public by Beijing, figures showed that between 1996 and 2003, China had depleted its REM mines by 37 percent. Although China’s REM trade ban against Japan is arguably being used as an economic weapon, the Middle Kingdom’s efforts to reduce REM supplies may be a legitimate attempt to prolong dying REM reserves. With the world’s increasing use of wireless and other high tech devices, and Chinese REM supplies declining, companies will soon be forced to look to more expensive REM mining operations in other countries to fill their needs.

With state assistance, Australian, Canadian and US companies are planning on making various REM mines operational by 2015. Molycorp, a Canadian company which owns the Mountain Pass mine, has plans to reopen and supply at least one-sixth of global REM demand by mid-decade. Canadian companies Avalon Rare Metals and Great Western Mineral both have domestic and international developments that are planned to be online this decade. Although these plans were developed before the Japanese embargo, they have definitely gained support from Western policy makers and defence officials concerned with the current Chinese REM monopoly.

China’s willingness to ban REM supplies to Japan over a diplomatic row provides a good warning to other developed nations. Technology dependent societies must look more closely about their supply of vital resources and pre-empt economic vulnerabilities by diversifying commodity sources. The devil will be in the details, however, as developed nations attempt to feed their societies’ needs through trade expansion while ensuring that their drive for growth does not make them susceptible to the whims of a single state.
  Forum: By Share Code

Clocker
Posted on: Oct 20 2010, 07:40 PM


Group: Member
Posts: 662

Holders, who still have any faith in broker recommendations, may be pleased to know that Huntleys upgraded their recommendation on KZL to Buy at the end of today's trading.
  Forum: By Share Code

Clocker
Posted on: Oct 19 2010, 10:19 AM


Group: Member
Posts: 662

Another feather in PAB's cap, and validating CSL's interest in the company.
  Forum: By Share Code

Clocker
Posted on: Oct 18 2010, 07:55 PM


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Posts: 662

A "maze of mortgages"

ie (a confusing network of intercommunicating paths or passages;any complex system or arrangement that causes bewilderment, confusion, or perplexity)
  Forum: Off Topic Chat

Clocker
Posted on: Oct 13 2010, 03:06 PM


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Posts: 662

Notice Received at 16:03??
  Forum: By Share Code

Clocker
Posted on: Oct 13 2010, 01:51 PM


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Posts: 662

Slick

You might be interested to read the following article, which will put BUL's partner KOGAS in the processing end of the coal seam gas industry. It is my guess they want to be involved all the way up the chain of extraction, production and sale.

http://af.reuters.com/article/energyOilNew...E69B0EZ20101012
  Forum: By Share Code

Clocker
Posted on: Oct 13 2010, 10:47 AM


Group: Member
Posts: 662

Courtesy of a poster on HC.

http://www.gold1.co.za/index.php?option=co...4&Itemid=87
  Forum: By Share Code

Clocker
Posted on: Oct 2 2010, 07:15 AM


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Posts: 662

And so the pressure builds:

http://www.smh.com.au/environment/call-to-...1001-1610r.html
  Forum: By Share Code

Clocker
Posted on: Sep 17 2010, 10:24 AM


Group: Member
Posts: 662

Blueice

For info.

http://www.theage.com.au/business/exquisit...0917-15f38.html
  Forum: By Share Code

Clocker
Posted on: May 12 2010, 11:29 AM


Group: Member
Posts: 662

Someone wants to buy them. A nice little parcel of 520k just passed through at .51c.
  Forum: By Share Code

Clocker
Posted on: May 7 2010, 11:30 AM


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Posts: 662

Moosey

It might be a bit of a stretch, but as the saying goes, "I like the way you are thinking".

I added again today, so hope you are on the right track mate.
  Forum: By Share Code

Clocker
Posted on: Apr 16 2010, 08:08 AM


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Posts: 662

Bite my tongue, but there is a better coverage of GE's comments on HC.
  Forum: By Share Code

Clocker
Posted on: Apr 16 2010, 08:00 AM


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Posts: 662

Some more positive comments from GE Hitachi:

http://www.starnewsonline.com/article/2010...tle-Hayne-plant
  Forum: By Share Code

Clocker
Posted on: Mar 19 2010, 08:15 AM


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Posts: 662

GF

Also like the following:

"she will play a vital role in raising government awareness of our capabilities, priorities and industry concerns"

This kind of message, at this stage of the test loop, suggests plenty of confidence in the outcome.
  Forum: By Share Code

Clocker
Posted on: Mar 17 2010, 12:50 PM


Group: Member
Posts: 662

Now it has an attack of the BOT's
  Forum: By Share Code

Clocker
Posted on: Mar 2 2010, 11:22 AM


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Posts: 662

Can't vouch for the timing of the ad, but GE Careers appear to have just listed this position.

https://xjobs.brassring.com/1033/ASP/TG/cim...mp;codes=WB2345

If so, it supports the view that the interim report on the test loop program can only be positive.
  Forum: By Share Code

Clocker
Posted on: Feb 26 2010, 01:10 PM


Group: Member
Posts: 662

V1

Yes, knew all that mate. I think the message is contained in the last paragraph, ie:

"We'll soon see whether the unflashy Australians have just lost their market to Bloom or whether Ceramic Fuel Cells long and painful development has just been validated by Bloom's hyperbolic endorsement of the potential of the SOFC.

I don't see any competition between them at any stage, and talk of Bloom getting into smaller home units is just that, TALK.

Cheers mate
  Forum: By Share Code

Clocker
Posted on: Feb 26 2010, 12:43 PM


Group: Member
Posts: 662

Fuel for thought?

The long-heralded announcement of Bloom Energy's solid oxide fuel cell on February 24th generated huge amounts of excitement. Many compared the launch of the Bloom Box to the arrival of a new Apple product. Is it as innovative as the company claims?

The technology may be good and the product reliable. The claims at the press conference were for a technology that will eventually revolutionise power production. Solid oxide fuel cells (SOFC) are indeeed an extremely interesting way of generating small quantities of electricity for homes and offices at attractive running costs and low carbon emissions. Other developers, such as Ceres Power in the UK and Ceramic Fuel Cells in Australia/Germany, have products close to market launch and – so far – it is completely unclear whether Bloom's product is better or likely to be more attractively priced or more long-lasting.

SOFCs take a hydrocarbon fuel and split at very high temperature (perhaps 600 degrees C) into hydrogen and carbon. The carbon combines with oxygen to make CO2 and the hydrogen reacts with oxygen from air to make water. This later process causes electrons to flow through the ceramic electrolyte and generate a usable current. The crucial problem is making the cell robust, cheap and durable at the high temperatures experienced in the cell.

Ceramic Fuel Cells has numerous partnerships with large utilities around the world interested in taking its products into local markets. Its product turns about 60% of the energy value of natural gas (largely methane in the UK and Europe) into electricity, making it more efficient than all but the best combined cycle power stations. The remaining energy – residual heat – can be used to provide domestic hot water or, in theory could be used to offer space heating or energy conversion to air conditioning in summer. The carbon dioxide savings are substantial, even if grid natural gas is used. Ceramic Fuel Cells, and probably Bloom, can also use synthesis gas ('syngas') from super-heating wood in the absence of air or can even split liquid ethanol made from agricultural wastes. In theory, a SOFC can use low or zero carbon fuel and offer huge greenhouse gas savings on fossil fuel combustion. SOFCs can also be used for grid balancing. When demand is high, the grid operator will have the ability to remotely increase power output of domestic fuel cells and turn it down when the wind turbines on the hilltops are spinning fast. Ceramic Fuel Cells has successfully demonstrated this feature of its technology.

The problems with SOFCs, probably including the Bloom Box, are well known. The fuel cells burn out and have to be replaced by professional engineers. Ceramic Fuel Cells talks of the units needed to be switched every two years though the company hopes this will improve to once every four years. The cost of the units is high. Ceramic Fuel Cells has mentioned a figure of about £2,000 ($3,000+ ) for a machine that can continuously develop 2 kilowatts of electric power but I think this number is highly optimistic and the true figure is likely to be several times this level for some years to come.

In most circumstances, the Ceramic Fuel Cells device will also need to be supplemented by a conventional domestic heating boiler. These machines are so efficient that they do not generate enough heat to keep even a well insulated house warm. The average UK house uses a running average of about 4 kilowatts of heat during the six month heating season while the Ceramic box only provides about 0.5 kilowatts.

The UK government's new feed-in tariffs provide a substantial incentive for householders to install SOFCs in domestic homes. Ceramic Fuel Cells has made great play of the attractiveness of this new subsidy. Provided its power plants work at even approximately the price suggested Ceramic Fuel Cells will find a ready market in the UK. The Bloom Boxes, which appear to be aimed at office buildings and go up to 100 kilowatts, will not benefit from this subsidy.

Does the Bloom Box represent a substantial technical advance over Ceramic Fuel Cells? On the information provided so far, I could see no obvious technical innovation that puts Bloom ahead of the Ceramic Fuel Cells machines. But Ceramic Fuel Cells works from Melbourne, not Silicon Valley, and can't get the California Governor and Colin Powell to come to its product launches. We'll soon see whether the unflashy Australians have just lost their market to Bloom or whether Ceramic Fuel Cells long and painful development has just been validated by Bloom's hyperbolic endorsement of the potential of the SOFC.

  Forum: By Share Code

Clocker
Posted on: Feb 14 2010, 05:39 PM


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Posts: 662

Xit

You are right with this.

I attended a CFU presentation in Canberra last year, at the Academy of Science, where I asked about what would happen with their product if the Russians cut off gas supplies to the European Union again. I was advised that they are working on alternative feeds to the fuel cells which would alleviate these concerns.

I subsequently called the company, after the BlueGen announcement, and asked if I could install one at my property outside Canberra and run it on LPG gas. The answer was no, but the person I spoke to also said they are looking at alternative sources.
  Forum: By Share Code

Clocker
Posted on: Feb 14 2010, 05:14 PM


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Posts: 662

Another job, apparently advertised during the last couple of days. If so, it doesn't sound like there are any problems with the test loop outcomes.

https://xjobs.brassring.com/1033/ASP/TG/cim...mp;codes=WB2345
  Forum: By Share Code

Clocker
Posted on: Feb 13 2010, 10:01 AM


Group: Member
Posts: 662

Quote

"All I can say, once again, is that analysts have to be seen to be doing something, anything, to justify their overpaid jobs, but their opinions are completely worthless, IMHO. Add to this the fact that they work for brokers, whose motives and plays are themselves open to suspicion, and you can see that there is the possibility for less-than-impartial work."

Couldn't agree more mate.

I put them in the same league as real estate agents, who get paid outrageous fees for doing the work and research that lazy buyers and sellers could easily do themselves at a fraction of the price.

The argument is always that they are "professionals" who expose you to greater opportunities (and dubious valuations).

DYOR and apply common sense.
  Forum: By Share Code

Clocker
Posted on: Feb 9 2010, 08:18 AM


Group: Member
Posts: 662

I guess so, see today's announcement.
  Forum: By Share Code

Clocker
Posted on: Feb 7 2010, 01:08 PM


Group: Member
Posts: 662

Kings

Sorry for the delay responding mate. I have been wine tasting at a number of seminaries before I make a final decision. Old habits are hard to break, and new ones hard to don.

Mind you, I was encouraged by the following ad, which I understand was placed 2 days ago by GE Hitachi. Doesn't seem as though they are discouraged by the test loop progress to date.


http://careeradvocate.com/page/job/Job.htm...866461265313033
  Forum: By Share Code

Clocker
Posted on: Feb 5 2010, 12:18 PM


Group: Member
Posts: 662

Cross trade of 157k @ $2.04 indicates some interest or, moving to Super account.
  Forum: By Share Code

Clocker
Posted on: Feb 4 2010, 12:15 PM


Group: Member
Posts: 662

http://www.businessweekly.co.uk/2010020336...-next-year.html
  Forum: By Share Code

Clocker
Posted on: Feb 4 2010, 07:10 AM


Group: Member
Posts: 662

From today's Australian:

Ceramic Fuel Cells (CFU) 19c

TONY Abbott may have faced plenty of flak over the Coalition's carbon abatement policy yesterday, but he's made a friend or two around Ceramic Fuel's Melbourne HQ.

Ceramic Fuels is on the cusp of marketing its BlueGen domestic electricity generation units, which produce electricity from gas. The trouble is, gas is not a renewable source, so the units won't qualify for the rebates, renewable certificates and generous feed-in tariffs bestowed on renewables. CEO Brendan Dow has trudged to Penny Wong's office to plead his case. "They are very pleasant and listen carefully but the ideology is that if it's not renewable you are not getting a guernsey," he says.

The Coalition's policy document promises support for ceramic fuel cells and "other new domestic technologies that may emerge".

Dow says the key issue is not the price of carbon, but the lack of an obligation for utilities to buy back the surplus power. Of course the Coalition's commitment is vague and it needs to win government first. But even if the company doesn't get what it wants the game is not over, as it will switch emphasis to the European market.

This week the Brits did the right thing by announcing a decent feed-in tariff (effectively 13 pence per kilowatt hour) for power fed back into the grid from low-emission units. Only Germany thus far has a similar regime.

"This is a huge game changer for us," Dow says. "We need to go hell for leather (in Britain) for the next few years."

Ceramic Fuel's sales to date have been modest -- $600,000 in the December quarter -- but it's winning support from utilities, through which the units are most likely to be sold. We rate the stock a speculative buy on the promise of serious revenues within 12 months.

We're also keenly aware the company is suing a consortium of banks for $25m over losses from investing in financial instruments.

The matter enters mediation today.

The company is unlikely to emerge with $25m, but given the losses have already been written off, any crumbs left after paying the silks would be a bonus.

  Forum: By Share Code

Clocker
Posted on: Feb 2 2010, 07:27 AM


Group: Member
Posts: 662

News of feed-in tariffs for small scale low carbon electricity in the UK.

http://www.sharecast.com/cgi-bin/sharecast...tory_id=3257021
  Forum: By Share Code

Clocker
Posted on: Jan 28 2010, 10:44 AM


Group: Member
Posts: 662

There are plenty of cancer hopefuls around, which haven't attracted CSL's attention in the past. Therefore I can only surmise PAB have something that is likely to make the collaboration worthwhile.
  Forum: By Share Code

Clocker
Posted on: Jan 28 2010, 10:14 AM


Group: Member
Posts: 662

Good second guess mate.
  Forum: By Share Code

Clocker
Posted on: Jan 28 2010, 08:12 AM


Group: Member
Posts: 662

Kings

I would take your advice, except I just read where resveratrol (a touted component of red wine that was supposed to prevent ageing) may not have the desired effects we old drinkers thought.

I am having so many bad hair days recently, that I have almost nothing left to pull each time SLX drops.

Perhaps I should don the cassock and take a sabbatical.

  Forum: By Share Code

Clocker
Posted on: Jan 27 2010, 01:03 PM


Group: Member
Posts: 662

Something to take your mind and attention off the sliding SP:

http://www.vaec.gov.vn/userfiles/file/Uranium_Enrichment.pdf
  Forum: By Share Code

Clocker
Posted on: Jan 26 2010, 08:40 AM


Group: Member
Posts: 662

For Info:

http://www.businessspectator.com.au/bs.nsf...;blog=powerline
  Forum: By Share Code

Clocker
Posted on: Jan 22 2010, 02:49 PM


Group: Member
Posts: 662

A teacher is explaining biology to her 1st grade students.

'Human beings are the only animals that stutter', she says.



A little girl raises her hand. 'I had a kitty-cat who stuttered',
she volunteered.

The teacher, knowing how precious some of these stories could be, asked the girl to describe the incident.

'Well', she began, 'I was in the back yard with my kitty and the rottweiler that lives next door got a running start and before we knew it, he jumped over the fence into our yard!

That must've been scary', said the teacher.

It sure was', said the little girl. 'My kitty raised his back, went 'Fffff, Ffff, Fffff', and before he could say 'Fuck', the rottweiler ate him!'


  Forum: Off Topic Chat

Clocker
Posted on: Jan 16 2010, 11:16 AM


Group: Member
Posts: 662

Just a bit more grist for the mill.

http://www.energycentral.com/generationsto...ant-application
  Forum: By Share Code

Clocker
Posted on: Jan 14 2010, 07:29 AM


Group: Member
Posts: 662

Morgo

I have been in and out of this stock more times than Tiger with his girlfriends and, like him, it has cost me more often than not. Can't work it out.

One day it will take off.
  Forum: By Share Code

Clocker
Posted on: Jan 13 2010, 03:45 PM


Group: Member
Posts: 662

Chart and volume the last couple of days looked good, and today topped it off.

Can't think what they might have to announce, but hopefully the interest continues.
  Forum: By Share Code

Clocker
Posted on: Jan 8 2010, 03:07 PM


Group: Member
Posts: 662

Not sure what this relates to, but the details will be available in a couple of days.

http://www.nrc.gov/reading-rm/doc-collecti...010/10-003.html
  Forum: By Share Code

Clocker
Posted on: Jan 8 2010, 09:54 AM


Group: Member
Posts: 662

Around a 30% rise in one week?? Rising volume as well.

Is there an announcement due?
  Forum: By Share Code

Clocker
Posted on: Jan 6 2010, 06:54 AM


Group: Member
Posts: 662

Lizard

I agree that nothing too much should be read into a sale which realised about $200,000. However, this amount might buy a flash car but not much in the way of taking advantage of other business opportunities.

It's a blip on the screen really, but when people see Directors selling there is a bit of a rush for the exits.
  Forum: By Share Code

Clocker
Posted on: Dec 14 2009, 03:12 PM


Group: Member
Posts: 662

Yes, you do have to wonder sometimes. Why don't they check why PDN is going faster in the opposite direction?
  Forum: By Share Code

Clocker
Posted on: Dec 11 2009, 03:37 PM


Group: Member
Posts: 662

On a positive note:

http://www.midasletter.com/news/09121001_C...-for-uracan.php
  Forum: By Share Code

Clocker
Posted on: Dec 11 2009, 08:21 AM


Group: Member
Posts: 662

NS

As a holder, I share your sentiments, but the attached chart on spot prices illustrates a point.

Cameco probably sees an end in sight to the slide, and is positioning itself to grab something while the price is right (or as near as right as it will get). They keep saying they are interested in PDN, but the price isn't right (yet).

There may be a further drop today, but PDN seems to have established a level of resistance around the $3.90 - $4 level where I have taken the bait.

Leaving aside the aberration of the GFC, PDN's price is at 2006 levels. You would have to think it is attractive buying at present.


Attached File(s)
Attached File  Uranium_Spots.doc ( 62K ) Number of downloads: 27

 
  Forum: By Share Code

Clocker
Posted on: Dec 8 2009, 07:55 AM


Group: Member
Posts: 662

Some more comment:

http://theenergycollective.com/TheEnergyCollective/52910
  Forum: By Share Code

Clocker
Posted on: Dec 1 2009, 01:50 PM


Group: Member
Posts: 662

A magician worked on a cruise ship. The audience was different each
week, so the magician did the same tricks over and over again.

One problem: The captain's parrot saw the shows each week and began
to understand how the magician did every trick..

Once he understood, the parrot started shouting in the middle of the show

"Look, it's not the same hat!"
"Look, he's hiding the flowers under the table."
"Hey, why are all the cards the ace of spades?"

The magician was furious, but couldn't do anything. It was, after all, the captain's parrot.

Then the ship sank. The magician found himself on a piece of wood in the middle of the sea with, as fate would have it, the parrot.


They stared at each other with hatred, but did not utter a word. This went on for a day, and then another and then another.

Finally on the fourth day, the parrot could not hold back:


"OK, I give up. Where's the f**king ship?"
  Forum: Off Topic Chat

Clocker
Posted on: Nov 26 2009, 10:13 AM


Group: Member
Posts: 662

A little publicity in India.

http://www.littleabout.com/news/46104,soon...burns-days.html
  Forum: By Share Code

Clocker
Posted on: Nov 23 2009, 09:48 AM


Group: Member
Posts: 662

Yes, so much for my analysis. I sold out at $1.41, fully expecting a retracement, after it met my conditions to sell. Such is life.
  Forum: By Share Code

Clocker
Posted on: Nov 18 2009, 02:34 PM


Group: Member
Posts: 662

Battler

It's looking a tad overbought to me at present, and I am expecting it to drop back to around 1.25 - 1.30 range. Only my opinion mind you.

Cheers

Clocker
  Forum: By Share Code

Clocker
Posted on: Nov 17 2009, 03:27 PM


Group: Member
Posts: 662

Been mentioned before, but reiteration by Chief Executive Officer Jerry Grandey of Cameco can only fuel speculation.

http://www.bloomberg.com/apps/news?pid=206...id=a9Yc8u88M18Y
  Forum: By Share Code

Clocker
Posted on: Nov 11 2009, 10:19 AM


Group: Member
Posts: 662

A little publicity in the States:

http://technovelgy.com/ct/Science-Fiction-...sp?NewsNum=2640
  Forum: By Share Code

Clocker
Posted on: Oct 11 2009, 10:54 AM


Group: Member
Posts: 662

SW

I am not really taking the article to heart and, I am familiar with the terms of the treaty entered into with the US for transfer of the technology. Just on the latter point, there is no suggestion the technology is not capable of producing weapons grade material, it is just that the agreement excludes its use for that purpose.

My point, is merely one of perception and developments associated with the recent UN resolution.

Leaving aside the w.....s you refer to, development of a more efficient means of enriching uranium (irrespective of treaty intentions) could be perceived as inconsistent with the thrust of the UN resolution. For example, if the US claimed that the technology was only being used for low level enrichnent and peaceful purposes, many UN member countries would compare this with Iran's claims about its nuclear ambitions. Irrespective of what you may think about the mad mullahs in Iran, the comparison has legs.

My own take on all this, is that it has more to do with other industry players in the US (ie USEC) who will not benefit from government largesse if the Silex process is successful, as it seems it will be. If those parties can garner powerful support in the US to specifically target laser enrichment as a new and dangerous threat then a lot of pressure will be brought to bear on the US Government and GLE.
  Forum: By Share Code

Clocker
Posted on: Oct 9 2009, 07:12 PM


Group: Member
Posts: 662

Maybe they are on USEC's payroll mate!
  Forum: By Share Code

Clocker
Posted on: Oct 9 2009, 04:46 PM


Group: Member
Posts: 662

The following article poses some interesting questions, and possibly somewhat of a dilemma for GLE.

http://www.commondreams.org/newswire/2009/10/08-11

The non-proliferation lobby has some clout, particularly given recent events where the US pulled the plug on missile installations in Poland and the Czech Republic in exchange for Russian support on passing of the recent resolution, from Barack Obama, by the UN Security Council. This resolution endorses strengthening the nuclear non-proliferation treaty, ratifying the comprehensive test ban treaty, and improving nuclear security.

US government approval of the Silex technology, for use by the GLE consortium, would run in the face of the thrust of current US policy. However, they are surely not so naive to believe the cat hasn't already been let out of the bag. And, anyone who thinks non-signatory nations will not pursue similar technology is living in a dream. Nevertheless, it could prove difficult to get approval if the test loop is successful.

In the event of a refusal to approve use of the technology in a US facility, leaving GLE high and dry, is Silex then at liberty to approach or be approached by another party?

Alternatively, could or would GLE make an outright offer to buy the technology, and sit on it until events make its use more palatable?
  Forum: By Share Code

Clocker
Posted on: Oct 3 2009, 10:15 AM


Group: Member
Posts: 662

http://www.renewableenergyfocus.com/view/4...ant-in-germany/
  Forum: By Share Code

Clocker
Posted on: Sep 25 2009, 05:55 PM


Group: Member
Posts: 662

Lczel

Yes, I like their business acumen and hope they turn this one into a success story.

For my part, I have been getting into this and several other small to medium cap stocks with sound management, relatively unique businesses which are blessed with little appreciation by mainstream punters.

Hope I have enough years left to enjoy the potential spoils.
  Forum: By Share Code

Clocker
Posted on: Sep 25 2009, 04:17 PM


Group: Member
Posts: 662

Is Arrow taking a stake in HRL?

Stephen Bizzell, one of Arrow's Directors, seems to have his fingers in more energy plays than he can handle. Renison, Arrow, Bow and now HRL. Not bad for a young bloke.
  Forum: By Share Code

Clocker
Posted on: Sep 25 2009, 09:46 AM


Group: Member
Posts: 662

Now we should find out who is providing the interim funding, who has become a substantial shareholder and, when a capital raising is to be undertaken.
  Forum: By Share Code

Clocker
Posted on: Sep 23 2009, 04:55 PM


Group: Member
Posts: 662

Yes indeed sm.

Someone has driven the price up in recent times, perhaps to make the deal untenable at 36c, because no shareholder would ever agree to it at current or recent levels.

Since mid August the average weekly volume has been 33m with a rising SP, following 2 months of an average weekly volume of 14m. Given the uncertainties surrounding the FIRB decision and LYC's parlous funds position, anyone trading this volume and with a rising SP was clearly prepared to take the risk with some sense of the outcome.

I am not aware of the disclosure rules for substantial holder notices, but I would have expected to see something before this.

My views about the outcome haven't changed, but I didn't expect the SP to rise to where it is. I still believe CNMC will miss out on the deal but likely remain a substantial holder who will bide their time and hope for things to change.

Hopefully the price will come back a bit and, if so, I will add to my holding.
  Forum: By Share Code

Clocker
Posted on: Sep 18 2009, 06:15 PM


Group: Member
Posts: 662

Billgeld

In my experience, most of these type of companies hit their SP peak very early in the piece and then drift in the absence of positive news or institutional indifference.
  Forum: By Share Code

Clocker
Posted on: Sep 18 2009, 02:23 PM


Group: Member
Posts: 662

<h2 class="cN-headingPage prepend-5 span-11 last">Swine flu vaccine approved</h2> September 18, 2009 - 2:09PM A swine flu vaccine has been approved by the Therapeutic Goods Administration, Health Minister Nicola Roxon has confirmed.

The vaccine, developed by pharmaceutical firm CSL, will be available later in September.

Ms Roxon said there was enough vaccination available for all adults.

"I encourage people to now take the opportunity to protect themselves and their families against the pandemic flu by getting vaccinated," she told reporters in Canberra on Friday.

  Forum: By Share Code

Clocker
Posted on: Sep 16 2009, 10:48 AM


Group: Member
Posts: 662

Cameco remain positive:

Cameco Focusing on Uranium Production Tuesday, 15 September 2009 Cameco Corporation held a workshop in Saskatoon today (Tues) to review the company's vision.

President and CEO Jerry Grandey, says that Cameco is focusing more now on uranium production in their growth strategy.

In a review of the company's check list over the last couple of years, Grandey points out that Cameco has secured additional conversion capacity, acquired fuel fabrication, and taken a big step forward in fulfilling the goal to become vertically integrated through an interest in global laser enrichment.

Cameco's CEO adds that gold is not part of their future vision, so they will be selling their investment in Centerra at the appropriate time.

Grandey says he believes that Cameco revenues should hold up over time because they provide what the world needs - clean, reliable energy.

Cameco Corporation's head office is based in Saskatoon.

(ct/sept15/09)

  Forum: By Share Code

Clocker
Posted on: Sep 10 2009, 03:41 PM


Group: Member
Posts: 662

Someone clearly thinks the same as you Arty, as 2 buys of 500k went through this afternoon.

My top up this morning was much more modest.
  Forum: By Share Code

Clocker
Posted on: Sep 9 2009, 08:55 AM


Group: Member
Posts: 662

For those who haven't seen this article.
<h2 class="cN-headingPage prepend-5 span-11 last">Soaring share price raises doubts over Lynas deal</h2>
XCHANGE
September 9, 2009 DEALS between Australian miners and Chinese groups that do not proceed - such as Chinalco's proposed $US19.5 billion investment alliance with Rio Tinto - get a lot more attention than those that do.

So while few eyebrows were raised over the three separate Australian-Chinese deals unveiled in the iron ore and uranium sectors yesterday, the market is taking a much closer look at the rare earths miner Lynas Corp's $500 million deal with China Non-Ferrous Metal Mining (CNMC).

The Foreign Investment Review Board has already delayed a final decision on that agreement - which would give CNMC a 51 per cent stake in Lynas, although not a casting vote at the board level - on three occasions since it was announced in May.

And while China has made clear it is clamping down on rare earths exports, even though it already controls 97 per cent or so of the production of those materials key to things like hybrid cars, renewable energy and advanced weaponry, international investors have taken a cue from recent media reports and invested in Lynas.

Lynas's shares have risen 81 per cent to 79.5c in the last month. And so the deal for CNMC to subscribe for 700 million shares at just 36c a share is now seriously out of the money.

That deal requires the approval of Lynas shareholders, and at that price, it may not be easy to obtain.

It remains to be seen whether CNMC is willing to revise the deal or if it will go the way of the Chinalco transaction. In addition to price, other changes such as a less-than-majority stake or restrictions on the sale of rare earths to China may be needed to appease potential FIRB concerns.

The FIRB is set to rule on the deal early next month, and any further delays would force Lynas to seek some interim funding.

If the deal fell over, Lynas would still need to find other funding sources. A combination of an equity raising and some debt would not be out of the question, although some banks are unwilling to lend based on a project in a metal that does not trade transparently.

  Forum: By Share Code

Clocker
Posted on: Sep 8 2009, 06:03 PM


Group: Member
Posts: 662

Greg

I doubt the latter mate, and suspect it is just in line with rises across the board. Volume is not significant, and believe me it will be if a sniff of the test loop being completed successfully gets out.
  Forum: By Share Code

Clocker
Posted on: Sep 8 2009, 10:35 AM


Group: Member
Posts: 662

You are right on all fronts mate.

Something is clearly afoot with the volume over the last few days. Someone is building a position.

I would be suprised if there is not a please explain issued shortly.
  Forum: By Share Code

Clocker
Posted on: Sep 7 2009, 02:57 PM


Group: Member
Posts: 662

User

I smell a behind the scenes deal with the volume and SP rise. Maybe this will be explained in a substantial shareholder notice shortly.

If this is the case, such a notice would mollify fears of a SP slump when the FIRB rejects the CNMC offer. It would also complement a capital raising notice by LYC, following the FIRB rejection.
  Forum: By Share Code

Clocker
Posted on: Sep 7 2009, 08:15 AM


Group: Member
Posts: 662

Macquarie Bank clearly agrees mate, and the Directors have been putting their hands in their pockets recently to spend some of their own cash.
  Forum: By Share Code

Clocker
Posted on: Sep 6 2009, 09:10 AM


Group: Member
Posts: 662

Just for info guys, especially GREGK.

http://www.tiburon.co.uk/home.php

Tiburon Green (tiburon.co.uk) launches next month. Focus will be on renewable energy in Asia. Starting portfolio will include China High Speed Transmission (wind equipment developer) and Silex Systems (Australian uranium enrichment and solar energy tech company).
  Forum: By Share Code

Clocker
Posted on: Aug 29 2009, 02:55 PM


Group: Member
Posts: 662

Devsadv

Why not settle for a few now, at least you will have them in the pocket when the fireworks start.
  Forum: By Share Code

Clocker
Posted on: Aug 27 2009, 02:34 PM


Group: Member
Posts: 662

Seeking a $450m Chinese JV. Is this a further move to stave off a takeover attempt I wonder?

http://uk.reuters.com/article/idUKHKG5893920090826
  Forum: By Share Code

Clocker
Posted on: Aug 27 2009, 10:11 AM


Group: Member
Posts: 662

Good call mate.
  Forum: By Share Code

Clocker
Posted on: Aug 24 2009, 11:09 AM


Group: Member
Posts: 662

Directors have been taking up their entitlements under the rights issue and paying 25c for the privilege, whilst share price is currently lagging around 14c.

The announcement today probably explains the reason, with human trials expected to start shortly.
  Forum: By Share Code

Clocker
Posted on: Aug 23 2009, 11:15 AM


Group: Member
Posts: 662

Hoagy

Pure speculation, but in response to your first question, see my post of Jul 30 2009, 02:39 PM. Some here believe the stock would be instantly devalued, I don't agree. Contracts are in place and, in the short term the stock would rise quite a bit in my opinion.

On the same note, and in response to your second question, I agree that in the longer term the Chinese would simply buyout shareholders and completely control the company. This is the crunch for the FIRB and, again in my opinion, the reason they will not approve the takeover by CNMC.

As I mentioned in an earlier post, Lynas are putting in place financial arrangements to carry them over should there be a further delay in the FIRB decision. I think once those arrangements are announced, the price will spike a bit and then the FIRB will announce their decision, driving the price back down and forcing Lynas to approach shareholders and key investors to fund their ongoing needs. This may still include CNMC with a major, but not controlling stake.

If this scenario plays out, Lynas will be a good buy on the retracement after the FIRB decision. I will certainly build my holding at that stage.
  Forum: By Share Code

Clocker
Posted on: Aug 19 2009, 01:10 PM


Group: Member
Posts: 662

"China's Ministry of Industry and Information Technology (MIIT) has drafted a plan and related policies for development of the rare earth industry in 2009-2015 and is now soliciting opinions from the related authorities, said Miao Wei, vice minister of MIIT.

Mining rights for large rare earth mines will be transferred to strong enterprises via tender in the future, Miao added.

China is the largest rare earth resources producer, user and exporter in the world. It takes up 87 percent of the share on the international rare earth marketAccording to Miao, MIIT will raise the threshold for access to the rare earth industry and enact technical standards for refining enterprises. Meanwhile, it will formulate the production plan and establish censorship for rare earth exploration.

To optimize resources distribution and strengthen the rare earth industry, MIIT will also promote merger and acquisition of the related enterprises, noted Miao.

The ministry also plans to improve the management mechanism for rare earth exports to guard against resources outflow."




This news confirms US fears about China tightening supply of rare earths and will be uppermost in the minds of the FIRB.

Lynas has said it is in advanced discussions (with who??) concerning a contingency structure to cover a funds shortfall in the event of a further delay by the FIRB.


My reading of all of this, suggests the only delay will be until the FIRB knows the contingency structure is in place, then they will knock the CNMC deal on the head leaving Lynas to quickly approach the market to raise sufficient ongoing funds through a share issue.

  Forum: By Share Code

Clocker
Posted on: Aug 17 2009, 12:36 PM


Group: Member
Posts: 662

News must be close with the increase in volume and SP.
  Forum: By Share Code

Clocker
Posted on: Aug 17 2009, 10:04 AM


Group: Member
Posts: 662

Clearly everyone is of the opinion that LEI will make an offer.
  Forum: By Share Code

Clocker
Posted on: Aug 15 2009, 09:16 PM


Group: Member
Posts: 662

Sootmeister

As NightStalker has mentioned, the Bollinger Bands do support a SP move and, indicate upward. In other circumstances I would have been "in like Flynn" on the indicators but I have held back pending the FIRB decision, which I think will knock back the CNMC bid for control of LYC. If this is the outcome, without some sweetener, the SP will clearly drop.

The FIRB, in my opinion, is between a rock and a hard place with this, because they have to be seen to be acting in Australia's best interests yet at the same time not be seen to be discouraging Chinese investment. And, by knocking it back they can't then turn around and let any other foreign interests get control either.

The only sweetener seems to be to let CNMC have a major, but not controlling interest, which if CNMC accept as reasonable, will see the SP react upward.
  Forum: By Share Code

Clocker
Posted on: Aug 14 2009, 11:33 AM


Group: Member
Posts: 662

Interestingly, Wal King (Leightons) mentioned in his address this morning that LEI will not enter into a Standstill Agreement with MAH but will sign a Cooperation Agreement.

My understanding of this, is that LEI may well make a hostile bid for MAH. Large volume yesterday may be partly explained by such an intent.

Food for thought.
  Forum: By Share Code

Clocker
Posted on: Aug 14 2009, 11:04 AM


Group: Member
Posts: 662

Favshare

One you mentioned earlier, IDM, which has a very high quality mineral sands deposit in Oregon and recently signed a MOU with a major distributor of foundry product in the USA.

There have also been a number of Changes in Director Interest notices of late.

Plenty of upside in this one.
  Forum: Off Topic Chat

Clocker
Posted on: Aug 13 2009, 12:06 PM


Group: Member
Posts: 662

Mate, if anyone knew anything positive about the progress of the test loop, that 20k at 8.04 would have been history.

With the test loop results pending, solar production to start in a matter of months, commercialisation activities progressing for Translucent's other products, marketing activities for Chronologic's products due to commence, very little script available and having a strong cash position, this stock is a "must have".

Hopefully the general market remains positive and business and consumer confidence remains high until the test loop results are released (providing of course they are also positive), then $8 will look like a cheap entry.
  Forum: By Share Code

Clocker
Posted on: Aug 10 2009, 01:11 PM


Group: Member
Posts: 662

Thanks Baz.

Just interested in fishing around for news.

rolleyes.gif
  Forum: By Share Code

Clocker
Posted on: Aug 7 2009, 01:47 PM


Group: Member
Posts: 662

Bit more news.

http://www.informante.web.na/index.php?opt...&Itemid=101
  Forum: By Share Code

Clocker
Posted on: Aug 5 2009, 09:28 PM


Group: Member
Posts: 662

Yet more, but a Silex release.

http://newsstore.theage.com.au/apps/previe...72SLX&f=pdf
  Forum: By Share Code

Clocker
Posted on: Aug 4 2009, 10:55 AM


Group: Member
Posts: 662

Just some more news on the industry.

http://www.bloomberg.com/apps/news?pid=206...id=aUBzDKuERJqc
  Forum: By Share Code

Clocker
Posted on: Aug 4 2009, 10:24 AM


Group: Member
Posts: 662

Interest seems to have waned in this one on the SS board of late. However, there has been a significant increase in Directors buying.

With chrome prices rising 26% in the last couple of months, off record lows, and demand increasing, there would seem to be some scope for a strengthening SP.

I hold IDM.
  Forum: By Share Code

Clocker
Posted on: Jul 30 2009, 02:39 PM


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Posts: 662

Watchmaker

CNMC are clearly not interested in investing in Lynas for investment sake, so the offer is a strategic move on their part to guarantee a significant source of REEs, when domestic supplies dry up and, I believe, to also take some of the heat out of US demands in the WTO to relax the embargo on exports of domestic supplies of REEs.

If they have a controlling interest in Lynas, they can fast track the Lynas project and also influence pricing of supplies to domestic customers and, to the wider market. On that note, I have no doubt the Americans have lobbied the Australian government about the potential for supplies to the wider market to be minimised or manipulated. The FIRB's delay on a decision smells of such lobbying, and some procrastination on how to achieve a beneficial outcome for all concerned, that does not see CNMC walk away from a significant involvement, without the controlling interest. I suspect resolution of the Hu case may be influencing the issue as well.

As for the share price withering on the vine if they get control, I don't think this would happen.

China clearly wants to retain their domestic supplies of REEs for domestic production yet, they will remain under pressure in the WTO to relax their embargo on the export of those domestic supplies. CNMC being part of China Inc., can, as I said, fast track the Mt Weld supply of REEs to the wider market, taking pressure off WTO demands in the short term and returning significant profit to Lynas and its shareholders. The market would drive the price based on the returns until supply outstripped demand.

My guess is, that the FIRB will accept CNMC as a major shareholder, but not approve the controlling interest. As I mentioned in an earlier post, CNMC may or may not accept such an outcome and may walk away from any involvement. Lynas would then have to find a cornerstone institutional investor and go to the market with a capital raising.

Despite reservations expressed on here about their ability to attract such an investor and shareholder support, I would contend the market is a very different animal to what it was some months back and such support would be achievable. Having said that, I also think CNMC would still see significant strategic advantage in remaining on the books and helping to fast track the project.
  Forum: By Share Code

Clocker
Posted on: Jul 29 2009, 09:23 PM


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Posts: 662

Greg

I added to my already substantial holding today, at what I considered to be a reasonable price. I have been doing this each time an opportunity presented itself.

However, there have recently been a number of large single trades go through, which I don't think are BOTs, and this has caused me to hesitate a bit, because I couldn't understand anyone selling at this stage. This caused me to read even more background material on the GLE consortium, comments about Silex from various sources and comments about the process.

As Moosey said, none of know yet whether this process will work 100%, but I remain confident with the level of my holding, for the moment.
  Forum: By Share Code

Clocker
Posted on: Jul 25 2009, 06:17 PM


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Posts: 662

Some more info for shareholders.

http://www.starnewsonline.com/article/2009...for-GE-feedback
  Forum: By Share Code

Clocker
Posted on: Jul 24 2009, 02:23 PM


Group: Member
Posts: 662

[size="2"][/size]
A bloke walks into a Glasgow library and says to the prim librarian,

'Excuse me Miss, dey ye hiv ony books on suicide?'

To which she stops doing her tasks, looks at him over the top of her glasses and says,

'Fook off, ye'll no bring it back!'

  Forum: Off Topic Chat

Clocker
Posted on: Jul 18 2009, 01:03 PM


Group: Member
Posts: 662

Moosey

A comment by the Cameco CEO, during an annual report meeting, indicated he had no doubts about the project proceeding, and that confidence is clearly anticipated by the partnership, as I understand they have been actively recruiting staff for the project.

Nevertheless, the scalability of the technology remains to be proven and we all await that with baited breath.
  Forum: By Share Code

Clocker
Posted on: Jul 18 2009, 08:11 AM


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Posts: 662

"the news we've been waiting for"

Not just yet mate. The test loop program is not completed.
  Forum: By Share Code

Clocker
Posted on: Jul 17 2009, 06:29 PM


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Posts: 662

Hoagy

I doubt the FIRB will reject the CNMC deal outright, just the scale of it. They can always argue the "strategic interest" case for maintaining Australian control over the resource, while at the same time welcoming foreign investment.

As you say, time will tell, but I think you have a far too pessimistic take on Lynas' prospects of obtaining alternative and/or supplementary funding.
  Forum: By Share Code

Clocker
Posted on: Jul 17 2009, 01:36 PM


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Posts: 662

Soot

The case filed by the US in the WTO against the Chinese, for their embargo on rare earth exports, is sufficiently compelling in itself to illustrate the importance and value of Lynas' holdings. I have no doubt American trade officials have quietly expressed their concern to the Government about the proposed CNMC stake in Lynas and the potential for this to further undermine supplies to the wider market in general.

The FIRB will want to be seen as seriously considering the CNMC submission, before rejecting the scale of the involvement. This then leaves it open to CNMC to retain a majority shareholding, but with minimal influence on the Board of LYC, and no scope for influencing supply issues. I doubt they will be interested in such a scheme, but it saves face for the FIRB.

Whether CNMC accepts this arrangement or not, the field is then open for another majority shareholder to enter the picture (under the same rules) but with a different agenda to the Chinese, and leaving LYC to plug the financial markets and shareholders to take up the slack in a much changed financial environment than it was some months back.

Lynas is well advanced with its project, has orders on the table and some cash left in the bank. It won't have any problems raising the necessary cash. The only thing that would cause investors to stall, is if the Chinese lift the embargo. This is unlikely in the short to medium term because they will be soaking up all they can as the market rebounds.
  Forum: By Share Code

Clocker
Posted on: Jul 16 2009, 06:30 PM


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Posts: 662

The RIO debacle will be steeling the Government's attitude towards Chinese investment, despite all the sweet talk about continued friendly and cooperative business dealings, and I reckon Lynas will be a bit of a litmus test for any pending Chinese investment. There is a bit of "you scratch my back and I will scratch yours" quietly going on at present and my guess is that Stern Hu will be released in the near term to "show good faith in our ongoing commercial relationship."

If he is not released shortly, I don't think there is any doubt the FIRB will deny the CNMC investment after the 30 day review period.

However, the capital climate has changed dramatically in recent weeks, and Lynas will not be without funds for long to kick start the project and secure long term funding.
  Forum: By Share Code

Clocker
Posted on: Jul 14 2009, 04:43 PM


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For the converted:

http://www.guardian.co.uk/environment/2009...port-fuel-cells
  Forum: By Share Code

Clocker
Posted on: Jul 10 2009, 11:43 AM


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Posts: 662

Trefor Clayton clearly thinks so. He added 333,333 to his holding at 30c.

I agree with BSA, it looks like breaking upwards for a rally.
  Forum: By Share Code

Clocker
Posted on: Jul 7 2009, 08:31 AM


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Posts: 662

Seawind

You might find the following of interest:

http://www.uow.edu.au/arts/sts/bmartin/dis...sonic.html#Boyd
  Forum: By Share Code

Clocker
Posted on: Jul 2 2009, 02:27 PM


Group: Member
Posts: 662

"I'm getting pretty annoyed/ bored with it."

Arty, there lies the problem with BSA's and your chart. If enough people get bored with it, the trend will most likely be down, particularly as other stocks strengthen.

I bet the other direction and have heavily loaded my holding as such.

Please, have some patience and don't remained bored with it.
  Forum: By Share Code

Clocker
Posted on: Jul 2 2009, 01:09 PM


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Posts: 662



Sorry, pushed the button twice.
  Forum: By Share Code

Clocker
Posted on: Jul 2 2009, 01:09 PM


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Posts: 662

Just for background info:

http://www.uraniuminvestingnews.com/1911/w...-resources.html
  Forum: By Share Code

Clocker
Posted on: Jun 23 2009, 02:08 PM


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Posts: 662

I understand they have had an independent validation from some Belgian doctors, and Huntley's have also updated their advice.
  Forum: By Share Code

Clocker
Posted on: Jun 18 2009, 09:36 PM


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Posts: 662

Stanilite in 1995. A "promising" techy with all the usual blue sky promises that came to nothing. Surprise, surprise.

Lost $4k and thought it was the end of the world, but it turned out to be the spur to make money on the market.

Learned a lot in the meantime.
  Forum: Off Topic Chat

Clocker
Posted on: Jun 17 2009, 08:21 AM


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Posts: 662

Never underestimate the pigs ability to feed from the bottom of the trough.
  Forum: By Share Code

Clocker
Posted on: Jun 17 2009, 08:17 AM


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Posts: 662

Some publicity from the States:

http://www.green-energy-news.com/arch/nrgs2009/20090048.html
  Forum: By Share Code

Clocker
Posted on: May 29 2009, 08:36 PM


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Posts: 662

Greg

In My Honest Opinion [IMHO], I also think it was a set up and nearly bought in at 5.67 myself, but kept to my strategy [bugger] and missed out. However, like Moosey, I definitely wasn't selling. This is a no-brainer stock and not to be sold at these prices.
  Forum: By Share Code

Clocker
Posted on: May 29 2009, 11:32 AM


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Posts: 662

Yes, my holding came out of VSG, but had been in and out of CCE with mixed results.

Dolphin, who was CEO at VSG and now in the merged group, is quite a decent guy and more than happy to take calls from my experience.

Tightly run company with good mix of management and technical expertise in my view and will stick with it.
  Forum: By Share Code

Clocker
Posted on: May 29 2009, 09:46 AM


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Posts: 662

Just for info:

http://www.medgadget.com/archives/2009/05/..._to_market.html
  Forum: By Share Code

Clocker
Posted on: May 25 2009, 10:49 AM


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Posts: 662

The trigger finger got the best of me also mate, and I cut my holding in half at .23c. Just looks too overbought at the moment so hope the steam comes out of it a bit to get back in.
  Forum: By Share Code

Clocker
Posted on: May 24 2009, 06:41 PM


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Posts: 662

You might wish you had hung on for a day or two mate:

http://news.smh.com.au/breaking-news-busin...90524-bjd5.html

This should see a few more cents on Monday before profit takers move in.

Must admit I had my finger on the sell trigger a couple of times on Friday but chickened out.
  Forum: By Share Code

Clocker
Posted on: May 23 2009, 06:04 PM


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Just a little more info.

http://www.michigangreen.org/article575.html
  Forum: By Share Code

Clocker
Posted on: May 16 2009, 08:13 PM


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Posts: 662

Signs of a confident consortium:

http://www.starnewsonline.com/article/2009...hnology-at-UNCW
  Forum: By Share Code

Clocker
Posted on: May 14 2009, 07:45 AM


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Posts: 662

Good read, but not news to those who follow the stock.

http://www.zdnetasia.com/blogs/bcp/0,38000...63010743,00.htm

Love those fangs Sabre!
  Forum: By Share Code

Clocker
Posted on: May 8 2009, 10:10 AM


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Posts: 662

Like a careful lover, he pulled out at the last moment.
  Forum: By Share Code

Clocker
Posted on: May 7 2009, 11:16 AM


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Posts: 662

Gulf

If the solar side of the business proves to have any commercial potential then, hopefully, there will be a spin off with we shareholders getting preferential treatment.

I like Moosey's figures, but hate getting ahead of things too early, although a Cameco comment I posted some time back seemed to indicate there was no doubt whatsoever in their minds about the outcome of the test-loop program.

This is certainly a tonic after the previous six months.
  Forum: By Share Code

Clocker
Posted on: May 3 2009, 07:54 PM


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Posts: 662

Gone Fishin

The attachment suggests the link with Sumitomo is on hold.

Cheers

Attached File(s)
Attached File  Sumco.doc ( 95.5K ) Number of downloads: 48

 
  Forum: By Share Code

Clocker
Posted on: May 1 2009, 11:09 AM


Group: Member
Posts: 662

CFU recently doubled its script at an issue price of .05c, yet continues to trade around 40-50% above that price.

It's probably drawing a long bow, but there is no reason to believe LYC shouldn't do the same.

Plenty of ifs and buts to resolve yet, however this must be seen as a tremendous show of faith in the deposits and future profits of the company.

Still holding plenty, but unfortunately halved my holding just prior to the announcement.
  Forum: By Share Code

Clocker
Posted on: Apr 30 2009, 04:04 PM


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Posts: 662

Moosey

Only today's date mate, which is when I received it, but I know it's been around for about a week.

Obviously the seller at $5 doesn't share their view.
  Forum: By Share Code

Clocker
Posted on: Apr 30 2009, 02:30 PM


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Posts: 662

Courtesy of Share Cafe:

" Did you know that there is one ASX listed uranium stock.....

That has been ignored in the growing awareness of uranium’s importance and yet, if proved commercial, will be the most important development in the nuclear fuel cycle in decades.

In six weeks, a consortium led by GE (Hitachi and Cameco are the other members ) will be testing this company's commercial possibilities for a system of uranium enrichment.

If successful, the laser-based system promises to dramatically reduce the cost of enrichment by breaking the nexus with energy costs of systems developed a quarter of a century ago. The testing will involve months of work to discover, if commercial, what the optimal operating model is.

The size of the implications in what is being proposed is evidenced by Cameco’s decision to spend $150 million to buy a 24% stake in the joint venture last year, which further involves investing its share of a development plant at GE’s nuclear facility in North Carolina costing more than $100 million dollars.

The technique is protected by acts of the Australian Parliament and US Congress and is being earmarked as part of the new GE. The disparity between this company, which has a no-cost revenue royalty on a project being valued by participants at $US800 million and development stocks like Extract (EXT) which are capitalised at nearly $1 billion (before capital expenditure), looks strange to us.

If successfully commercialised, this company will pick up a perpetual revenue based royalty based on a flat 7% of sales plus a bonus of up to 5% of sales in a market currently worth $US6 billion, but would come into operation as the last of the Russian high-grade weapons grade materials is available to power US nuclear generators

With the global fleet of nuclear power stations set to double in the coming two decades, the market opportunities are obviously significant.

What stock are we talking about?"




I wonder????


  Forum: By Share Code

Clocker
Posted on: Apr 29 2009, 12:23 PM


Group: Member
Posts: 662

Unfortunately, I can't copy information from the broker report I have, suffice to say that it is very upbeat about the stock, that the current SP undervalues not only its potential but its other assets, which are potentially as important as the GE deal and, it refers to the massive investment by the GE/Hitachi/Cameco partnership as illustrating the size of the implications involved in the joint project.

With news of the commencement of the test loop program imminent, there is plenty of upside.
  Forum: By Share Code

Clocker
Posted on: Apr 28 2009, 01:06 PM


Group: Member
Posts: 662

Enjoy



My first job was working in an orange juice factory, but I got canned . . . couldn't concentrate.

Then I worked in the woods as a lumberjack, but I just couldn't hack it, so they gave me the axe.

After that I tried to be a tailor, but I just wasn't suited for it.

The job was only so-so anyhow.

Next I tried working in a muffler factory, but that was exhausting.

I wanted to be a barber, but I just couldn't cut it.

I attempted to be a deli worker, but any way I sliced it, I couldn't cut the mustard.

My best job was being a musician, but eventually I found I wasn't note worthy.

I studied a long time to become a doctor, but I didn't have any patience.

Next was a job in a shoe factory; I tried, but I just didn't fit in.

I became a professional fisherman, but discovered that I couldn't live on my net income.

I managed to get a good job working for a pool maintenance company, but the work was just too draining.

I got a job at a zoo feeding giraffes but I was fired because I wasn't up to it.

So then I got a job in a gymnasium (work-out-center), but they said I wasn't fit for the job.

I thought about becoming a witch, so I tried that for a spell.

Next, I found being an electrician interesting, but the work was shocking.

My last job was working at Starbucks, but I had to quit, because it was always the same old grind.

After many years of trying to find steady work, I finally got a job as a historian, until I realized there was no future in it.

  Forum: Off Topic Chat

Clocker
Posted on: Apr 28 2009, 12:40 PM


Group: Member
Posts: 662

Must have gone through two speeding cameras by now!
  Forum: By Share Code

Clocker
Posted on: Apr 28 2009, 09:08 AM


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Posts: 662

Thanks mate. I also only hold the fully paid shares, but noticed that code used in a crossing of over 600k shares yesterday.

The registry is so tight, that I guess it could have been either a super crossing or an agreement between parties off market.

Hopefully it all bodes well for a further run up, although my chart indicates it is on the verge of being a bit overbought. That can soon correct itself though without too much reverse pain.
  Forum: By Share Code

Clocker
Posted on: Apr 27 2009, 11:50 AM


Group: Member
Posts: 662

Anyone familiar with the code "S1XT"?
  Forum: By Share Code

Clocker
Posted on: Apr 23 2009, 07:14 PM


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Posts: 662

Filter

Do most of those things already mate, and agree with your assessment of PDN prospects. I had also ridden it from much lower levels after a fairly stringent assessment of the stock and should have stuck with the original intention of staying the course rather than trading. However, as you say, a bit of greed and fear crept in when the RSI indicated it was entering overbought territory so I put money elsewhere.

SLX was the main recipient of earlier PDN profits, which turned out to be worthwhile and that's where I am stuck at present.

They are a bit hand in glove really, but SLX probably has more bounce potential in my view although that hasn't been the case the last couple of weeks.

There is no doubt PDN will outperform in the near future and I hope to get back in again.
  Forum: By Share Code

Clocker
Posted on: Apr 23 2009, 10:45 AM


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Posts: 662

I sold my holdings around $3 thinking it would drop back a little and it didn't. Kept thinking the same until it reached late $3s then decided to buy in again, and sold yesterday thinking it would drop back a little and it didn't. So I doubt it will come back much now with the wind in its sails.

Two mines open, huge demand, GE (and whoever else) on board and financially stable. Blue sky stuff.

This is where inexperienced punters lose out.
  Forum: By Share Code

Clocker
Posted on: Apr 23 2009, 10:04 AM


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Posts: 662

Somebody obviously knows something we don't, by the look of the buy side depth.
  Forum: By Share Code

Clocker
Posted on: Apr 22 2009, 08:36 PM


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Posts: 662

No longer hold this stock after exiting at record lows on news of the suspension of the Pathway trials, believing PGL would just go into a tailspin. Instead it seems to be drifting looking for some direction.

The following news may cause directors to ponder their decision, and may also cause potential suitors to have another sniff at PGL's inhibitor, PI-88.


http://www.washingtonpost.com/wp-dyn/conte...9042200481.html
  Forum: By Share Code

Clocker
Posted on: Apr 18 2009, 07:36 PM


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Posts: 662

Visiomed and Clinical Cell Culture
  Forum: By Share Code

Clocker
Posted on: Apr 9 2009, 09:15 AM


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Posts: 662

Forest

Yes, keeping the pipeline full is the attraction to me, and others I am sure.

However, the announcement shouldn't hurt the share price in the short term. Have a look at the reaction to NRW Holdings price, on the Letter of Intent news from FMG. That contract was worth $57M, not $250m [MAH's share].
  Forum: By Share Code

Clocker
Posted on: Apr 9 2009, 07:46 AM


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Posts: 662

Sorry, 50% of that figure, Leighton has the other half.
  Forum: By Share Code

Clocker
Posted on: Apr 8 2009, 08:47 PM


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Posts: 662

Blueice

Probably somewhere between $15-$25m.
  Forum: By Share Code

Clocker
Posted on: Apr 7 2009, 10:35 AM


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Posts: 662

Now on line
  Forum: By Share Code

Clocker
Posted on: Apr 1 2009, 10:12 AM


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Dear all,

I have just sent the following message to the Administrators as my small part in trying to save this company:

"For the attention of Mr Steven Sherman and Mr John Gothard:

Subject: Ventracor

Sirs,

I note your involvement in the administration of Ventracor and would like to add my comments to the many, which I am sure you have received to date.

I also note the objective of the administration process is "to run the business so as to maximise the chances of the company continuing in existence". This seems to imply that you have a responsibility toward the owners of the company (ie the shareholders) rather than the managers (ie the Board of Directors and CEO) who could be seen as culpable in their failure to properly manage the company affairs on behalf of the owners.

My interest in the administration process is as a shareholder of many years standing. Like many of my fellow shareholders, we have supported this company through its years of research and development, culminating in absolute frustration and anger with the competence of the current Board and CEO in the run up to commercialisation of the product.

Progress of the product to date has happened in spite of the current Board and CEO, predominantly because of the efforts of the many competent and hard working people behind the scenes, the support of shareholders until recently and, because of the widely held view that the product is second to none in this competitive and profitable field.

Assuming the financial records of the company are in order, the record of implants to date is correct and, the rate of implants is maintained at a level assessed recently by ABN Amro, this company will require something in the order of $30m over two years to see it through to profitability.

Denying the people who really count, the opportunity to participate in this process and/or, to allow the possible sale of the company at a firesale price to a foreign entity, would be a gross dereliction of your role.

You may find the failure of institutional and shareholder support, in recent months, a compelling argument for either selling or winding up the company. However, you should temper any such assumption with the knowledge that such support was withheld largely because of the perception held by all concerned that the Board and CEO were not competent to continue managing this company. The current financial crisis has obviously had an impact as well.

With some stabilisation of the financial crisis in sight and, in the absence of the current Board and CEO from the daily management of the company, I would contend you would find sufficient support to obtain interim funding to allow the company to continue trading to the benefit of shareholders and beneficiaries of the technology alike."
  Forum: By Share Code

Clocker
Posted on: Mar 27 2009, 08:10 AM


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Posts: 662

Forest

I think the people buying MAH at the moment are less interested in any short term setbacks/negative news (of this type) and more focussed on value, based on long term prospects.

Have a look at NWH as another materials contractor.

Any sniff of a Chinese led recovery will impact quickly on the prices of these stocks.

I hold MAH.
  Forum: By Share Code

Clocker
Posted on: Mar 12 2009, 02:48 PM


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Posts: 662

I agree mate, and they had the opportunity and lost it when they were trading around .67c. Only thing is, we (the shareholders) didn't get a chance to hear about it or vote on it.

I was sticking my neck out and saying give Crosby the benefit of the doubt. Should have learned my lesson from past mistakes.

Absolutely criminal that this company should find itself in the position it is in, and it only adds to the misery to think it will be lost to this country for a song when Crosby and his Board mates walk away with their long pockets bulging and short arms waving.
  Forum: By Share Code

Clocker
Posted on: Mar 12 2009, 10:27 AM


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Cruising

They needed $10m through to June this year. They need another $20m or so through to early 2010 when, on present sales and expenses, they become cash positive.
  Forum: By Share Code

Clocker
Posted on: Mar 4 2009, 07:33 AM


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Posts: 662

Some positive references in the Cameco presentation.

http://seekingalpha.com/article/123655-cam...call-transcript
  Forum: By Share Code

Clocker
Posted on: Feb 28 2009, 09:37 AM


Group: Member
Posts: 662

Moosey

The comment that they are working to secure sufficient funding from one of the parties concerned to enable their financial statements to comply with accounting standards, suggests that party may also be an existing shareholder.

Despite Crosby, implants continue, the product has been succesful and there is potential for substantial profits. They do need around $30m injected, an implant rate in line with what they have achieved to date and, to maintain their current rate of expenditure, in my ongoing calculations, to hit a cash positive position by early 2011. Any increase in the implant rate will of course bring that forward.

As you say, all may not be lost, but whatever the outcome I think everyone would like to see Crosby go and a change in the board.

Easily my most disappointing investment, even though I am substantially ahead in terms of my return. It just p....s you off when a company is not supported by a committed board and a competent CEO.
  Forum: By Share Code

Clocker
Posted on: Feb 27 2009, 02:55 PM


Group: Member
Posts: 662

Looks like you will get your wish Moosey.

Heading back to where I bought in a few weeks back!
  Forum: By Share Code

Clocker
Posted on: Feb 19 2009, 03:55 PM


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Posts: 662

I see John Clarence Massey's arms have got longer and his pockets shorter over at McMahon Holdings, where he picked up an extra 60k of stock. That must be a positive sign, seeing he was reluctant to part with his well earned cash at VCR.
  Forum: By Share Code

Clocker
Posted on: Feb 17 2009, 03:12 PM


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Posts: 662

Is the big parcel at $4.20 someone who knows something we don't know?
  Forum: By Share Code

Clocker
Posted on: Feb 14 2009, 08:17 AM


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Posts: 662

Goodnight Ventracor!
  Forum: By Share Code

Clocker
Posted on: Feb 13 2009, 11:39 AM


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Posts: 662

There was a HTW/VCR collaboration proposal floating around a couple of years ago. Now that Heartware are in the box seat, VCR may have a saviour (of sorts). There would be few if any VCR board members kept on in these circumstances. Take the money and run.
  Forum: By Share Code

Clocker
Posted on: Feb 10 2009, 12:02 PM


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Posts: 662

Mercury

Unfortunately you were right mate.

Bugger!

Clocker
  Forum: By Share Code

Clocker
Posted on: Feb 3 2009, 07:55 AM


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Posts: 662

Just so you don't think you are talking to yourself Merc, I think we are are holding our breath a bit hoping your gloomy assessment is not the reason for the hold up.

Personally, I hold a good few too many of these and do not want to anticipate bad news. I would rather think they are tying the final knot in the convertible bond facility deal, and the delay is more to do with checking the detail than in screwing down the company.

Having said that, you could not blame a lender, in this day and age, if he wanted to lessen his exposure in the early stages of the production cycle and was seeking to achieve this in exchange for the ongoing commitment.

Fingers crossed the news will be okay, and soon.
  Forum: By Share Code

Clocker
Posted on: Jan 23 2009, 01:40 PM


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With companies struggling to get financial backing to see them through this mess, LYC produces an offer of $30M as a standby facility and the share price drops. Did I miss something in the offer? wacko.gif
  Forum: By Share Code

Clocker
Posted on: Jan 20 2009, 12:11 PM


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Posts: 662

In reply to: kelt on Tuesday 20/01/09 11:59am

Kelt

Hope you are right.

Some of the signs are evident, including volume over the last couple of days which has been up, so maybe a change of sentiment in the wind.
  Forum: By Share Code

Clocker
Posted on: Jan 13 2009, 11:47 AM


Group: Member
Posts: 662

In reply to: billybongo on Tuesday 13/01/09 11:35am

Billy

Yes, I am following this and expect it to go further on the strength of recent articles about ReCell. However, there are lots of value companies out there at present with no debt, which the punters are clearly more interested in.

Cheers
  Forum: By Share Code

Clocker
Posted on: Dec 24 2008, 08:53 AM


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Posts: 662

In reply to: forrestgump on Tuesday 23/12/08 05:53pm

FG

Yes, the interview was worth listening to, mainly because it put things into a clearer perspective across the board. I didn't see the West Australian headline, but I am at a loss to understand how they drew a conclusion on a 35% profit downgrade.

Without glossing over the impact on growth, as a consequence of the mining industry slowdown, the positives I took from the interview were; projects locked in through 2010; funding position remains solid; still expecting a healthy profit for the f/y; lower costs are flowing through to the bottom line and helping to maintain margins; review of expenditures likely to result in cost cutting but not retrenchments; and, still have a strong balance sheet.

Any likelihood of contracts flowing their way from government infrastructure expenditure will be a bonus rather than a lifesaver.


  Forum: By Share Code

Clocker
Posted on: Nov 25 2008, 04:18 PM


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Posts: 662

In reply to: arty on Tuesday 25/11/08 03:32pm

Hopefully GE adding to its holding!
  Forum: By Share Code

Clocker
Posted on: Nov 19 2008, 02:46 PM


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Posts: 662

In reply to: limabean on Wednesday 19/11/08 01:50pm

Lima

Had a call from a company contracted by VCR to call shareholders about the offer. Told the guy, no thanks and, to expect some irate responses.

  Forum: By Share Code

Clocker
Posted on: Nov 17 2008, 12:42 PM


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Posts: 662

In reply to: henrietta on Monday 17/11/08 12:10pm

Here, here!!!!!!!
  Forum: Investment Discussion

Clocker
Posted on: Nov 17 2008, 10:07 AM


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Posts: 662

In reply to: arty on Monday 17/11/08 08:52am

arty

You're right, and I agree with your next post about prudent capital management.

I wouldn't have altered my investing upon Schiff's advice either, but the purpose of the post was to illustrate how dismissive the other so-called experts were of his overall assessment. Rather than a wide-ranging and baseless prediction of doom and gloom, he addressed the specific issues that caused the subsequent crash.

If there is any lesson to be learned, it is (as you suggest) to be prudent and don't follow the herd, whatever their so-called expertise may be.

  Forum: Investment Discussion

Clocker
Posted on: Nov 17 2008, 08:37 AM


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Posts: 662

In reply to: henrietta on Sunday 16/11/08 08:57pm

Henrietta

Bit off subject, but in my experience Fox and its team don't listen to anyone with a contrary view. They preached and encouraged the Republican mantra on the economy and terrorism for 8 years. Be interesting to see how the relationship with an Obama administration develops.
  Forum: Investment Discussion

Clocker
Posted on: Nov 16 2008, 03:02 PM


Group: Member
Posts: 662

Sorry if this is old news, but someone got it right.

http://uk.youtube.com/watch?v=2I0QN-FYkpw
  Forum: Investment Discussion

Clocker
Posted on: Nov 6 2008, 12:07 PM


Group: Member
Posts: 662

In reply to: drg on Thursday 06/11/08 11:08am

drg

The SPP announcement mentioned "eligible Directors will apply for their full allocation". That is 3 out of 6, unless there has been a change of Director's interest in the last few days.

I am a self funded retiree on a modest super payment and, if I was interested, could probably get the dough together to take up the $5,000 entitlement, so I doubt it will burn a huge hole in their very long pockets to subscribe.

Note also from the announcement "As you would expect, we have responded by
cutting costs where we can". Let's see if they will forgo the opportunity to raise their fees at the AGM as, "The Board and Executives are very aware of the challenging financial circumstances facing the Company and many of our shareholders."

Pardon me venting my spleen mate, but like you, this experience has been the nail in the coffin for me after PGL and MBP went belly up. It will be a long time coming before I get involved in another speccy biotech or device company.
  Forum: By Share Code

Clocker
Posted on: Nov 5 2008, 03:39 PM


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In reply to: boo on Wednesday 05/11/08 03:26pm

Boo

It's bound to drop, because today was the record date for eligibility under the Share Purchase Plan.
  Forum: By Share Code

Clocker
Posted on: Nov 5 2008, 10:41 AM


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Posts: 662

In reply to: Garry on Wednesday 05/11/08 10:03am

Garry

It's not just about income mate. They have ongoing expenses, including executive salaries, which continue to eat away at cash on hand and will still necessitate a cash raising in spite of any of the reductions of expenditure they have mentioned.

The fact they have delayed further work on the fully implantable device, to conserve expenditure, is evidence of the parlous position they are in.

Things can change, and they may get a big investor when money loosens up in the new year and, implants may pick up further as well, but I am holding my money until (and if) there is some sign of a major change in their situation.
  Forum: By Share Code

Clocker
Posted on: Nov 5 2008, 09:57 AM


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Posts: 662

All good news, except overall implant rate is approximately 12% below ABN's adjusted figures on their re-evaluation of the stock.

Funny how they come out with announcement just before CR exercise! Come in spinner.
  Forum: By Share Code

Clocker
Posted on: Nov 3 2008, 08:46 AM


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Posts: 662

In reply to: boo on Wednesday 29/10/08 12:34pm

Boo

Item 3. Remuneration Report, in the Explanatory Memorandum for the AGM, notes that a shareholder vote is advisory only [their emphasis]. In other words, vote what you like but we don't have to listen or accept it. We [the Directors] will determine our share of the trough and take it anyway.

Unable to raise cash from institutions or "sophisticated" investors, the company decides to cut back on expenditure, with no undertaking by Directors to take a cut in fees, and then throws itself at the mercy of, presumably, "unsophisticated" investors/shareholders with the sop that you can only apply for up to $5,000 worth of shares. My take on that is arrogance, or that is all they are prepared to put up individually to show they are supporting the company.

Also, all of a sudden, they only need $10m when a couple of weeks ago they needed $20m, because they can cut back on everything but the trials. Putting the fully implantable R&D on hold, which is arguably the development that would put them in the forefront when introduced, is a poor strategy in my opinion despite whatever extra cash raising may have been involved.

Pardon me borrowing your name, but BOO to the whole lot of them.
  Forum: By Share Code

Clocker
Posted on: Oct 28 2008, 11:30 AM


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Posts: 662

In reply to: dan.heath on Tuesday 28/10/08 10:40am

Mate

I reckon you are better in the lifeboat where you can watch your luggage go down, or see it miraculously float to the surface and you can wear the jacket again.

Alternatively, if you see the crew dive in to save the luggage, then it's a safe bet it was worth saving and you might give them a hand, even though they hit the berg.
  Forum: By Share Code

Clocker
Posted on: Oct 28 2008, 10:03 AM


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Posts: 662

In reply to: veeone on Tuesday 28/10/08 09:25am

Veeone

Participating in the share issue would be a bit like buying a return voyage ticket on board the Titanic after it hit the iceberg.

Maybe Thoratec might be interested in something that doesn't wear out.
  Forum: By Share Code

Clocker
Posted on: Oct 28 2008, 09:22 AM


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Posts: 662

In reply to: 2shouz on Monday 27/10/08 07:28pm

No, they would rather follow the tried and tested path of a share purchase plan as a lifeline.

You have to wonder who the underwriters are, because they will need deep pockets.
  Forum: By Share Code

Clocker
Posted on: Oct 27 2008, 02:57 PM


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Posts: 662

In reply to: limabean on Monday 27/10/08 02:53pm

One would think this worked in VCR's favour if anything.
  Forum: By Share Code

Clocker
Posted on: Oct 27 2008, 10:44 AM


Group: Member
Posts: 662

No longer a holder of VCR, but it beggars belief that the company simply sits and says nothing in the face of this sell-off.

Bad enough that they have failed to show financial support over the years, but not coming out to at least say that although the cash raising is proving difficult, all other matters are on course, implants are proceeding and your Directors see nothing wrong with the fundamentals. The only excuse can be, that the fundamentals are not okay.

  Forum: By Share Code

Clocker
Posted on: Oct 24 2008, 10:10 AM


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Posts: 662

In reply to: Clocker on Friday 24/10/08 10:07am

2008 Attachment
Attached File(s)
Attached File  Top_20_Shareholders___as_at_5_October_2008.doc ( 43K ) Number of downloads: 133

 
  Forum: By Share Code

Clocker
Posted on: Oct 24 2008, 10:07 AM


Group: Member
Posts: 662

Crosby quoted to Biotech Daily on 2 September 2008:

"the top 100 investors were stable or buying."

The attached Top 20 Shareholder lists, from 2007 and 2008, show a shifting of the deck chairs but an overall dimunition in the shareholding of that Group. Does that amount to misleading conduct or have the remaining 80% not only taken up the difference but added to their holdings? Certainly none of the Directors took up any, as far as we are aware, but John Massey made an exit at the right time.

Shareholders should be outraged at the Board and the CEO and show their feelings at the AGM.

I may regret it, but I am out of this stock after many, many years holding.
Attached File(s)
Attached File  Top_20_Shareholders___as_at_1_September_2007.doc ( 42K ) Number of downloads: 356

 
  Forum: By Share Code

Clocker
Posted on: Oct 22 2008, 01:23 PM


Group: Member
Posts: 662

In reply to: boo on Wednesday 22/10/08 01:04pm

It was a pretty safe bet mate, unfortunately.
  Forum: By Share Code

Clocker
Posted on: Oct 22 2008, 07:44 AM


Group: Member
Posts: 662

In reply to: Clocker on Tuesday 21/10/08 11:11am

All has been revealed!!!!

Earlier this year I said "if you pay peanuts, you get monkeys" and, that the jury was still out on Crosby. Well, it seems the jury has delivered the verdict, and we got a high-priced monkey.

Expect a call for a blood bath at the Shareholders meeting, whenever (and if) it takes place.

A failure to pursue, to market and to convince institutions and "sophisticated" investors to take a substantial holding in this company over a long period of time, along with a failure to actively support the company (read CEO selling most of his holding and Directors sitting on their wallets) has led to the current state of unsatisfactory affairs.

While I doubt this will see the failure of VCR, it clearly puts it in a very difficult situation selling itself to implant centres. At such an advanced stage of its development and with pipeline products in sight, a take-over must clearly be a possibility.

[expletive, expletive, expletive]





  Forum: By Share Code

Clocker
Posted on: Oct 21 2008, 11:11 AM


Group: Member
Posts: 662

In reply to: boo on Tuesday 21/10/08 10:37am

Boo

Thanks for this. As you say, there must be some money around if EVG, with its offshore projects, can somehow persuade Macquarie to back up with $35m. I would have thought there were safer gold explorers to place your money with, even if they are extracting a high level of interest.

VCR's path to an income stream strikes me as more certain and, therefore, hopefully equally as appealing to a major investor. Maybe the hiccup is with organisational changes potential investors are demanding.

All will be revealed in the fullness of time no doubt.


  Forum: By Share Code

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