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coasti
Posted on: Aug 10 2017, 08:39 PM


Group: Member
Posts: 66

Here's an article showing how the falling life expectancy in the US is saving US corporations on their pension costs

https://www.bloomberg.com/news/articles/201...ations-billions

  Forum: Investment Discussion

coasti
Posted on: Nov 13 2013, 12:14 PM


Group: Member
Posts: 66

Thanks Mark,

I really appreciate your comments as usual. Excellent analysis.

In the same vein as your past discussions I came across charts of US real GDP using various measures of inflation instead of the customary GDP deflator since 1960.

http://advisorperspectives.com/dshort/upda...P-Deflators.php

Included is shadowstats alternate CPI which would give (predominately) negative real GDP growth since the start of the 90's.
  Forum: Investment Discussion

coasti
Posted on: Nov 3 2011, 07:57 AM


Group: Member
Posts: 66

All this debt talk is easy, smile.gif

FED buys US government securities in open market transactions from banks in exchange for newly minted cash.

US government securities sit on the FED balance sheet and the interest the US government pays on the treasury securities, goes to the Fed.

Fed then pays this cash back to the US government

http://money.cnn.com/2010/01/12/news/econo...rofits.fortune/

Move along people, nothing to see here.
  Forum: Investment Discussion

coasti
Posted on: Jun 16 2011, 06:15 PM


Group: Member
Posts: 66

Hi Arty,

I have a quick question for you. Where do you get your volume data for ASX options expiry? I've had a trawl on the asx website but can't seem to find the breakdown like you have in your charts. Or, are you getting data from a paid feed?

Thanks,
  Forum: Macro Factors

coasti
Posted on: Oct 23 2009, 12:44 AM


Group: Member
Posts: 66

This thread has proved to be invaluable reading over the last couple of years. Many thanks to all that have contributed. At the moment there seems there is a broad consensus that we are approaching a local peak at near this level.

What hasn't been discussed much to date on this thread is if this fall is to take place what happens next? What targets will the big boys be aiming at? Is there in fact a target they would be looking at ? Do we continue the downward spiral and break the March '08 low's or do we make a higher low?

Or perhaps, is the game plan to watch this thing fall to bits and find support at whatever level that may be as per October 08 - March 09 low rather than looking at support levels at the risk of catching falling knives.

Anyhow, I'm still (and undoubtaly will always be) learning at this game and like many hear would be interested to hear views on the question

QUOTE
"If we fall from here, where are we headed?"
  Forum: Investment Discussion

coasti
Posted on: Nov 14 2008, 02:37 AM


Group: Member
Posts: 66

In reply to: flower on Thursday 13/11/08 04:07pm

Good news that we're getting a bit more coverage thats for sure. Flower, how much of that $41 mil is tied up with SRB and other taxes. Looking at the annual report ending June 08 we had a current assets of $42 mil with $24 mil in provisions for taxes.

I'm not knocking the taxes as you've got to be making money to be paying taxes. Just think the figure of $41 mill might be getting ahead of our unspoken for cash position.

  Forum: By Share Code

coasti
Posted on: Sep 19 2008, 10:10 PM


Group: Member
Posts: 66

Have to throw TRY - Troy Resources into the mix. Is ramping up a 50,000 oz p.a. mine in Brazil, is moving a iron ore resource into production by 1Q 2009 and has exploration in OZ....

Not often talked about on this site.

http://www.sharescene.com/index.php?showtopic=1007&hl=try
  Forum: Macro Factors

coasti
Posted on: Jul 25 2008, 10:40 PM


Group: Member
Posts: 66

In reply to: miningnut on Friday 25/07/08 01:48pm

Hi Miningnut,

Cheers for your take on PSA. It seems a little rash to write off all of PSA's GOM leases.
QUOTE
Anyone(& most analysts do)that assigns value to their undeveloped leases in the GOM needs their head read IMO


Looking at the quarterly they now hold 50 leases (after 3 more added during the last quater).

Why would they hold all these leases if they didn't intend to use them?

Such a fustrating stock to hold! I'm getting very close to taking the loss on the chin with this one!
  Forum: By Share Code

coasti
Posted on: May 18 2008, 10:40 AM


Group: Member
Posts: 66

In reply to: flower on Sunday 18/05/08 11:07am

Flower,

Going to have to jump in here and curb enthusiasm somewhat. Lost circulation of the drilling mud isn't a definite sign that oil and or water has been hit. It can also indicate that a highly fractured portion of rock or even a cavernous region has been hit.

http://en.wikipedia.org/wiki/Mud_engineer

The soil types in these volcanic plays have in the past have tended to be highly non-contiguous in their nature.

Nothing against CVN, have had positions in the past. The thing I have been struggling with of late is the large amounts of taxes their will be paying. Still, better to be paying taxes on profits than not right.

Cheers,
  Forum: By Share Code

coasti
Posted on: May 2 2008, 08:19 PM


Group: Member
Posts: 66

In reply to: mosaic1996 on Friday 02/05/08 06:55pm

Hi Mosaic,

You are on the right track with excel and VBA. This is very doable. There is a repeating pattern in the datas, i.e. each ticker has 6 pieces of information associated with it.

I'd export the data from the pdf into a text file. Then import the data from the text file into excel using VBA by creating a loop and run through the data reading out of the text file.

I'd say VBA could also be used from within Access to pull the data straight into a database. However I don't have much knowledge of Access.

Good luck
  Forum: Off Topic Chat

coasti
Posted on: Apr 17 2008, 05:57 AM


Group: Member
Posts: 66

Hi Kahuna1,

I remember you saying a while back that you were bearish on Coca-Cola due to the increase in commodity prices and so forth (an arguement I agree with). I was suprised to see there 1st Quarter profits up 19 per cent this morning....

http://biz.yahoo.com/ap/080416/earns_coca_cola.html

I see the North America market was largely flat & worldwide case volume was up 7% and sales up 6%. Currency impacted positvely 11%, cashflow was up 18% period on period.

All this on a costs of goods sold increase of 22%.

Though I see they have seen accounts payable increase by nearly a billion. Could a lot be hidden there perhaps...hmm, no cash up 2 billion

All numbers pulled primarily from here

http://www.thecoca-colacompany.com/pressce...ngs20080416.pdf

Anyhow, I just found it interesting.

Cheers, and enjoy your posts a heap,

Pat
  Forum: Investment Discussion

coasti
Posted on: Apr 9 2008, 06:14 PM


Group: Member
Posts: 66

Any thoughts on the Bakken Formation


http://en.wikipedia.org/wiki/Bakken_FormationMy Webpage

Thought to potentially hold 10's of billions of barrels of RECOVERABLE oil in the US...

I notice that porosities and permeabilities are very low, making the potential resiovor sizes seem a little over optimistic...

Still, some huge numbers being thrown about.
  Forum: Macro Factors

coasti
Posted on: Mar 14 2008, 09:28 AM


Group: Member
Posts: 66

In reply to: Neophyte on Friday 14/03/08 09:37am

Hi Neophyte,

The 50% tax I was refering to is the tax rate paid by CVN. Seen in the recent Hartleys presentation seen here on page 2

http://www.carnarvon.com.au/docs/OperationsUpdate_210208.pdf

Mate, I which I was making enough to pay 50% tax!
  Forum: By Share Code

coasti
Posted on: Mar 14 2008, 08:12 AM


Group: Member
Posts: 66

The CVN story is pretty compelling and with 2 rigs going full time the potential to increase production and reserves is there. Still, I struggle with the tax regime, 50% tax is massive!
  Forum: By Share Code

coasti
Posted on: Mar 14 2008, 08:09 AM


Group: Member
Posts: 66

Good to see there are still a few old time PSA people still on this board. Been a rollercoaster few years alright!
  Forum: By Share Code

coasti
Posted on: Mar 14 2008, 04:11 AM


Group: Member
Posts: 66

Highly depressing SP action over the last few weeks. A couple of thoughts I had re: market perception (apart from the valid points raised here) that it would be interesting to hear comments on are

1) The new debt taken on. I notice that we're close to paying of the $30 mil portion. However, given the jitters re: credit could this have a negative impact?

2) As the bulk of operations are in US and US dollars does this make the investment any less attractive? Given that the price of natural gas has increased as the dollar has sunk this logic seems flawed. Leading to

3) We have hedged 50% of our production for the next couple of years. I don't have the figure at hand but $8.50 comes to memory. Or are the puts and calls... Anyhow, is there a chance going forward that we're going to get stung via our hedging policy.

Just thoughts...
  Forum: By Share Code

coasti
Posted on: Feb 1 2008, 09:32 PM


Group: Member
Posts: 66

Here's a bit of fuel to the fire....

http://www.youtube.com/watch?v=BNCdD7KC9eI

Brilliant!
  Forum: Off Topic Chat

coasti
Posted on: Dec 18 2007, 10:36 AM


Group: Member
Posts: 66

In reply to: annaliese on Tuesday 18/12/07 11:21am

Its been pretty unrelenting, 6680 on the 11th of Dec to 6142 as I write on the XJO. Down 8.1% in 4 and a bit sessions.

PSA down from 165 to 139, down 16% - hopefully the Beibu Gulf drilling will help put a floor under PSA.
  Forum: By Share Code

coasti
Posted on: Dec 18 2007, 09:39 AM


Group: Member
Posts: 66

Geeze, when PSA moves down it moves down. Absolutely nothing to hold up the SP. $200k worth of trades to knock $30M of the MC, ouch!
  Forum: By Share Code

coasti
Posted on: Dec 14 2007, 10:24 AM


Group: Member
Posts: 66

Lots of 50k trades going though.

I like the COI story, they've had some bad luck and are running out of cash (currently $2mil), possibly setting up for a cap raising?? Feels like it to me....

Potential farmout announcement maybe....

Grays Harbour isn't until 3Q 2008, Florence 1Q 2008


  Forum: By Share Code

coasti
Posted on: Dec 13 2007, 01:41 AM


Group: Member
Posts: 66

You could well be right, POE currently up 13%

http://finance.yahoo.com/q?s=POE.V

  Forum: By Share Code

coasti
Posted on: Dec 13 2007, 12:38 AM


Group: Member
Posts: 66

QUOTE (neo99 @ Thursday 13/12/07 12:25am)

Nice work supplying your figures Neo, though don't you think you're being a bit optimistic in using a P/E ratio of 20?
  Forum: By Share Code

coasti
Posted on: Dec 12 2007, 10:22 AM


Group: Member
Posts: 66

The National - Fake Empire.

http://www.skreemr.com/link.jsp?id=605240575759

Great site for having a listen to songs...

http://www.skreemr.com
  Forum: Off Topic Chat

Poll: ASX
coasti
Posted on: Dec 12 2007, 10:18 AM


Group: Member
Posts: 66

Looks to be a few conditions, namely

CRITERIA FOR INDEX ADDITIONS

• Listing. Only securities listed on the Australian Securities
Exchange are considered for inclusion in any of the
S&P/ASX indices.

• Market Capitalization. Companies are assessed based
on the average of their previous 6-month day-end floatadjusted
market capitalization.

• Public Float. There must be public float of at least 30%
for a stock to warrant inclusion in the S&P/ASX indices.

• Liquidity. Only securities that are actively and regularly
traded are eligible for inclusion in any S&P/ASX indices.

From:

http://www2.standardandpoors.com/spf/pdf/i...odology_Web.pdf
  Forum: Investment Discussion

coasti
Posted on: Nov 30 2007, 01:49 AM


Group: Member
Posts: 66

Was all a little short and brisk...


QUOTE

As such, why ask the question at all? It costs management time to answer, and therefore costs you money that could have been spent productively. As we genuinely want to know your reasons, we would ask that you directly respond to this Forum. What benefit has this knowledge delivered to you?

  Forum: By Share Code

coasti
Posted on: Nov 27 2007, 08:40 AM


Group: Member
Posts: 66

In reply to: apache123 on Tuesday 27/11/07 05:40am

Hmmmm......about 4 months worth of oil at current consumption rates....not even taking into account recoverability factors....scary!
  Forum: Macro Factors

coasti
Posted on: Nov 23 2007, 09:21 PM


Group: Member
Posts: 66

Hate to be pedantic there CC, but re: Enterprise value

QUOTE
where Enterprise Value = Debt + Market Cap


Should probably be

EV = Market Cap + Debt - Cash

http://en.wikipedia.org/wiki/Enterprise_value

Cheers,
  Forum: By Share Code

coasti
Posted on: Apr 12 2007, 09:46 PM


Group: Member
Posts: 66

In reply to: stezz on Thursday 12/04/07 08:10am

One gold stock that gets very little mention here is Troy resources, TRY. Profitable gold miner in Australia and Brazil and tenements in Mongolia and Africa. Pays div's though SP seems to be at times pretty lackluster

Cheers,

  Forum: Macro Factors

coasti
Posted on: Jan 19 2007, 03:28 AM


Group: Member
Posts: 66

Nymex sweet crude getting smacked around at the moment! Getting awfully close to $50.00 a barrel, low for the day (so far) $50.05!


1/18/2007 Session Overview
Last Open High Open Low High Low Most Recent Change
Feb 2007 50.57 52.35 52.25 52.69 50.05 52.24 -1.67
Mar 2007 51.64 53.22 53.10 53.65 51.11 53.13 -1.49
April 2007 52.41 53.90 53.85 54.34 51.89 53.77 -1.36
May 2007 53.06 54.65 54.65 54.86 52.73 54.27 -1.21
June 2007 53.68 55.00 55.00 55.40 53.10 54.72 -1.04
July 2007 53.88 n/a n/a 55.68 53.88 55.15 -1.27




Attached image(s)
Attached Image

 
  Forum: Macro Factors

coasti
Posted on: Oct 17 2006, 06:20 AM


Group: Member
Posts: 66

In reply to: Merkin on Monday 16/10/06 08:19am

Hmmm... does this mean Kilwa is back on the agenda...

Congo court urges massacre trial for foreign miners
03:16, Tuesday, 17 October 2006

By David Lewis

KINSHASA, Oct 16 (Reuters) - A Congolese military court has
called for three former employees of Australian mining company
Anvil Mining <AVM.TO> to be tried for complicity in war crimes
committed by government soldiers in 2004. A court document, seen by Reuters, calls for the men to
stand trial for facilitating crimes, including summary
executions, rape and looting, alleged to have been committed by
nine Congolese soldiers when they put down a small rebellion in
Katanga province.

Rights activists welcomed the court's decision, saying it
was an important step in the struggle to end impunity in the
Democratic Republic of Congo, two weeks before the country holds
a final stage of elections meant to end years of war and chaos.

Dozens died in a massacre of civilians in the town of Kilwa,
near the southeastern border with Zambia, during a government
counter-attack to retake the town after it had been seized by a
group of 10 ill-equipped rebels in October 2004.

Anvil runs a nearby silver and copper mine and the company's
trucks and airplanes were used by the army during the operation.
Anvil said its vehicles were requisitioned by the military and
that it had no choice but to hand them over.

The court document, signed by military prosecutor Col.
Eddy Nzambi, details the charges against the soldiers and the
Toronto-listed mining company's former country manager and two
security officers. Rights activists say the ex-Anvil staffers
were a Canadian and two South Africans.

The court document says the government soldiers, led by Col.
Ademar Ilunga, committed war crimes when they bombarded the town
of Kilwa with mortars, executed at least 25 civilians and
proceeded to loot, rape and torture.

In failing to withdraw the vehicles that they had provided
to the soldiers, the Anvil staff members "knowingly facilitated
(the actions of) the accused Ilunga Ademar and his men when they
committed the war crimes" it adds.

"We call for the above named accused to be tried by the
military court," the document concludes.

According to legal experts, the document means that the
prosecutor has finished his investigation and believes there is
sufficient evidence for a trial to be held.

Human rights experts from the United Nations peacekeeping
mission in the Congo who carried out an initial investigation
into the Kilwa incident said in 2005 that at least 73 people
were killed in the military counter-offensive.

Witnesses told the U.N. investigators that at least 28 of
those killed were civilians executed by soldiers.

But as Congo has struggled to organise elections meant to
draw a line under a 1998-2003 war, the country's justice system
has remained in disarray and crimes often go unpunished.

Rights and Accountability in Development (RAID), a
British-based human rights organisation that has followed the
Kilwa incident closely, welcomed the court's Oct. 12 decision.

"A trial conducted in accordance with international
standards should proceed as this is the only way of bringing
justice to the victims of the Kilwa massacre," said Patricia
Feeney, executive director of RAID.

"The precise circumstances in which Anvil provided
`logistical support' used by the Congolese military in the
terrible events that occurred in Kilwa must be fully investigated
and resolved," she added.

((Editing by Alistair Thomson and Mary Gabriel; Dakar Newsroom
+221 864 5076))

Keywords: CONGO DEMOCRATIC MASSACRE



© Reuters Limited 2006
REUTER NEWS SERVICE
  Forum: By Share Code

coasti
Posted on: Jul 31 2006, 12:10 PM


Group: Member
Posts: 66

In reply to: bello on Monday 31/07/06 11:41am

Boom, confidence is gone!

Tough gig being a junior, all the other Joint venture partners are doing much better today. Fair to say their size insulates them a little from the drill bit!

  Forum: By Share Code

coasti
Posted on: Jul 24 2006, 11:55 AM


Group: Member
Posts: 66

In reply to: hatless on Monday 24/07/06 11:49am

So a personal jinx tongue.gif, same minute even!

.....hatless...
  Forum: By Share Code

coasti
Posted on: Jul 24 2006, 11:49 AM


Group: Member
Posts: 66

Mondah-1 drilling starting today.....

http://www.asx.com.au/asx/statistics/getAn....do?idsID=', '00631271', 'Announcement');return false;

Hope this reference to ROC anouncement works....
  Forum: By Share Code

coasti
Posted on: Jun 7 2006, 08:44 AM


Group: Member
Posts: 66

In reply to: coasti on Wednesday 07/06/06 09:42am

I remember reading a fair while back that when the Magnetite deal was looking rosey that MGX would have mangement rights for the magnetite ore. I wonder if this will still be the case....
  Forum: By Share Code

coasti
Posted on: Jun 7 2006, 08:42 AM


Group: Member
Posts: 66

In reply to: wanlika on Wednesday 07/06/06 09:24am

Wow, no magnetite for MGX, check ASX anncouncement, sold Asia Iron to Shougang for $52.5 mil.

Though MGI won't get the money for a year!

I wonder what the impact of all this will be on the SP today....
  Forum: By Share Code

coasti
Posted on: Apr 21 2006, 09:00 AM


Group: Member
Posts: 66

In reply to: Dills on Thursday 20/04/06 02:21pm

Not a very nice quarterly, magnetite extended to the end of may... wacko.gif
  Forum: By Share Code

coasti
Posted on: Mar 19 2006, 09:42 PM


Group: Member
Posts: 66

Cheers Mangrove
  Forum: By Share Code

coasti
Posted on: Mar 19 2006, 04:08 PM


Group: Member
Posts: 66

Hey does anyboday know whats happening with the convertibles, i.e. when they are going to be listed etc?

I guess the approval from the Sengelese Government effectivley makes them a goer...
  Forum: By Share Code

coasti
Posted on: Mar 19 2006, 02:43 PM


Group: Member
Posts: 66

In reply to: suti on Sunday 19/03/06 03:12pm

Not impressed suti?

There's a fair bit riding on the Magnetite deal.

I guess we shouldn't be too suprised with the amount being shipped this quarter
as per update

Did you read anything into the resignation of the Mr Guoping Liu Suti?

Seem to be mixed feelings /messages everywhere

Increase in interest from Sun Hung Kai,

Extra wagons and equipment due end of April.

Magnetite deal happening soon

Stating the obvious but MGX seemingly needs to deliver on the above!

  Forum: By Share Code

coasti
Posted on: Mar 9 2006, 07:17 AM


Group: Member
Posts: 66

Wouldn't they use the gas in the reservoir to help push the oil out? Reminds me of a well drilled in Alberta in 1913 (not that I was there!!! tongue.gif )that was thought to essentially be a gas field. Later on the field was found to hold over a billion barrells of oil but due to the loss of pressue due to usin the free gas cap only 10% was recovered, as no other mechanism, i.e. water drive to help push the oil out.

Nice work though PSA!!
  Forum: By Share Code

coasti
Posted on: Jan 28 2006, 09:53 AM


Group: Member
Posts: 66

QUOTE (suti @ Friday 27/01/06 08:48pm)

Ah, Twain must have have had a bit of a thing for mines, caves and treasure. Tom and Huck fin pinching Injun Joes gold a la The adventures of Tom Sawyer.

Anyhow, Suti, surley the deliverance of (a positve.....) FS due in "the end of January" would help to provide confidence, however I wonder what progress (if any) has been made with the pipe scheme.... (no ryhme with pipe dream intended blink.gif )

Bymy calculaitons they don't have much slack ore (inventory) floating around, the last quarter knocked most of that out....lets hope the new machinary on site can lift the amount of ore mined...
  Forum: By Share Code

coasti
Posted on: Jan 26 2006, 08:19 AM


Group: Member
Posts: 66

It doesn't seem to be a biggie, heres a description of sidetracking from http://www.osha.gov/SLTC/etools/oilandgas/...ml#Sidetracking

Sidetracking is the workover term for drilling a directional hole to bypass an obstruction in the well that cannot be removed or damage to the well, such as collapsed casing that cannot be repaired. Sidetracking is also done to deepen a well or to relocate the bottom of the well in a more productive zone, which is horizontally removed from the original well.

To sidetrack, a hole (called a window) is made in the casing above the obstruction. The well is then plugged with cement below the window. Special drill tools, such as a whipstock, bent housing, or bent sub are used to drill off at an angle from the main well. This new hole is completed in the same manner as any well after a liner is set.

Potential Hazard:
The hazards associated with sidetracking are similar to Drilling.
  Forum: By Share Code

coasti
Posted on: Jan 9 2006, 07:42 PM


Group: Member
Posts: 66

Aren't we all glad that Joe issued those shares at 16 cents now though.

Onwards and upwards!!! rolleyes.gif
  Forum: By Share Code

coasti
Posted on: Dec 28 2005, 09:39 AM


Group: Member
Posts: 66

In reply to: miningnut on Tuesday 20/12/05 08:23am

ouch, down 6% today!

Maybe MP isn't looking too flash....
  Forum: By Share Code

coasti
Posted on: Dec 23 2005, 09:12 AM


Group: Member
Posts: 66

Nice wee write up Juke,

One thing though, if the SP languishes around at these levels, what happens with Shougang placement at 75 cents....??

Interesting times ahead eh....personally I'm in for a few more
  Forum: By Share Code

coasti
Posted on: Dec 16 2005, 10:02 AM


Group: Member
Posts: 66

Counting our chickens before they hatch and all but wouldn't selling the field (or our share in the field) after a find (fingers crossed) incur a heap of tax??

Wouldn't it be better to get it to production and offset other exploration expenses against it....
  Forum: By Share Code

coasti
Posted on: Dec 1 2005, 02:15 PM


Group: Member
Posts: 66

In reply to: cdchi1 on Thursday 01/12/05 02:52pm

Excellent, cheers for that Cdchi1
  Forum: By Share Code

coasti
Posted on: Dec 1 2005, 11:30 AM


Group: Member
Posts: 66

Lazy question I know, but when are IGR actualy looking to produce? I See from the presentations there is a little activity end 2005 1Q 2006.

Will start my own research soon, looks to be the type of gold stock I'm interested in mind you. Good luck all.

  Forum: By Share Code

coasti
Posted on: Nov 23 2005, 11:09 AM


Group: Member
Posts: 66

Reminds me of my old primary school days with terrible country teachers (no offence country teachers, just mine where cr$p). Learn and do nothing all year then put on a extravagent christmas pagent so everyone was happy while the teachers maintained cruisy jobs graduated.gif .

Would be good to see some "value" created by our company rather than what feels like a spruker travelling country to country pitching his stuff.

After that wee moan I think I am however content waiting to see what management can get going over the next few months. blink.gif Will be looking more to the close up shop if we re-enter the information black hole after the AGM though.
  Forum: By Share Code

coasti
Posted on: Nov 15 2005, 12:54 PM


Group: Member
Posts: 66

Drilling Schedule Updates – Timor Sea and USA

1. Magnolia Drilling– AC/P32
Drilling is expected to start on the Magnolia well in the second week in December as
soon as the drilling rig is released from its current contract. The drilling slot has been
firmly scheduled with the Ocean Bounty rig since early in the year, and a series of
delays to the Magnolia start date have been experienced as all the earlier drilling slot
options were exercised, and a number of the scheduled wells have run over their
expected drilling times. The drilling of Magnolia is being managed by Coogee
Resources/Ashmore Cartier Pty Ltd, one of the AC/P32 joint venture partners. All the
required planning and preparations have been in place for some months, and a
significant level of drilling funds have been called by the paying partners. Norwest
and Bounty are both being free carried (to a cap of US$ 8 million).

2. Kentucky
Drilling of 3 wells is expected to commence this week. The wells will be drilled back
to back. The completion and fracing program will be decided once the wells have
been drilled. Local operator Hay Exploration is coordinating the program on behalf of
Norwest and its partners
  Forum: By Share Code

coasti
Posted on: Nov 9 2005, 01:21 PM


Group: Member
Posts: 66

Stating the obvious but 16.5 just got smashed! unsure.gif
  Forum: By Share Code

coasti
Posted on: Nov 2 2005, 06:53 AM


Group: Member
Posts: 66

Cheers Juke,

Very hekpful!
  Forum: By Share Code

coasti
Posted on: Oct 26 2005, 03:08 PM


Group: Member
Posts: 66

The recent decline in share price would have knocked loose a few nervous nellies and maybe convinced some not to take up their quota.

Might well have been a nice way for an insto to pick up a bunch at these low prices and I think as Jocam mentioned Joe can offer the unwanted shares from the issue to a institution(s).....

Not much time to get your forms in now I guess, what is it, this Friday?
  Forum: By Share Code

coasti
Posted on: Oct 16 2005, 09:29 PM


Group: Member
Posts: 66

All good stuff fellas, its very obvious a lot of posters here have done a ton of research into this company!

It certainly does all seem to be coming together nicely!

Good luck all! However as the saying goes

"Good luck is often with the man who doesn't include it in his plans...." Anynonymous

  Forum: By Share Code

coasti
Posted on: Oct 16 2005, 08:05 PM


Group: Member
Posts: 66

I felt the general consenus (on this board) was that it might be best to wait until after Magnolia for any fund raising. Where the (hopefully) higher price would mean less shares would have to be issued.

Does anyone read into the timing that Joe is positioning NWE for a possible failure at Magnolia and looking to take advantage of the hype it will (IS) causing to the SP...

I'm not knocking NWE at all, I hold a few and think its a good thing and the timing seems right. Any takers...
  Forum: By Share Code

coasti
Posted on: Sep 30 2005, 08:38 AM


Group: Member
Posts: 66

I would be very keen to hear what the story is. From the ATO link below it seems that its at the persons discretion.....

....However from everything else I read it seems compulsory, I can't seem to find any refernece to the 2 year discount on the ATO website either. Just the 1 year 50% discount....
  Forum: Investment Discussion

coasti
Posted on: Sep 16 2005, 05:15 PM


Group: Member
Posts: 66

Itchy trigger finger eh. GCL has a pretty solid future. Pick of Oz coal stocks in my opinion.

May have a little further to go down though eh.
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coasti
Posted on: Sep 16 2005, 12:23 PM


Group: Member
Posts: 66

It has run pretty hard, starting to think seriously about getting a few now though.
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coasti
Posted on: Sep 14 2005, 12:16 PM


Group: Member
Posts: 66

A few million shares are off the sell que over the last few days...........

Great discusion board all!
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coasti
Posted on: Sep 8 2005, 08:01 AM


Group: Member
Posts: 66

Juke,

Yeah you're right, a months ore floating around as inventory is probably not too bad.

Prehaps the railing situation has improved a little, where did you get that info from? Port website? I thought July might have been a little higher as I recall they had a few shipments scheduled to leave in June were delayed into July.

I'm guessing when they get the new waggons, they're soley for T.P, but with M.G hermatite coming on line in about a year I'm guessing they won't want to repeat the problems they had initially getting T.P up and running.

Coasti, p.s was that horrendously named bhw......
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coasti
Posted on: Sep 7 2005, 06:17 PM


Group: Member
Posts: 66

PEM are trading closer & closer to their Net Asset Backing, surely this must bode well for their future.

However, they never quite seem to get it together and have performed quite poorly for the last wee while.

Oh well, will have to wait for the next quarterly to see if they've made any real progress.
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coasti
Posted on: Sep 6 2005, 12:19 PM


Group: Member
Posts: 66

Just a small Question. I've looked at the amount of ore MGX has mined since conception and compared it to the amount they've shipped. There apprears to be a 157,000 ton difference. I.e this would be additional ore lying around.

Could this amount possibly be stored between their various transition points?
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coasti
Posted on: Apr 12 2005, 09:30 AM


Group: Member
Posts: 66

Here's an intereresting article out of China, sorry if you all have seen previously.

2/04/05: http://english.people.com.cn/200504/02/eng...402_179147.html

Economic Review: Rising price of iron ore an opportunity for China to restructure its economy


The 71.5 percent rise of iron ore prices on the world market puts great pressure on China, the largest ore importer in the world. On the other hand, it also provides a good opportunity for the country to restructure its overheated economy.

At Wednesday's executive meeting of the State Council, or the Chinese central government, Premier Wen Jiabao underscored the necessity of strict control of China's economy and of improving the country's industrial structure to better cope with the rising cost of iron ore.

The State Council meeting called for an end to tax rebates on crude steel product exports. "For a long time some small-sized steel companies have been encouraged by the tax rebate income to import iron ore and export crude steel," said Prof. Xu Zhongbo of the Beijing University of Science and Technology. "This has led to low efficiency, high consumption and serious pollution."

According to a circular issued by the Ministry of Finance and the State Administration of Taxation, tax rebates on some steel product exports ended Friday. The administration predicted this would lead to 7 billion yuan (843 million US dollars) in lost profits for Chinese steel companies.

"If the government ends the tax rebates, some of these high- polluting, low-efficiency local steel companies will have to close, and the domestic ore price will decrease due to drop of demand," he said, adding that the new policy was therefore conducive to environmental protection and resource conservation.

The Chinese government undertook a series of macro-control policies last year in a bid to cool down the country's overheated fixed asset investment. In April 2004, those in charge of an iron project in east China's Jiangsu Province that illegally used 436 hectares of farmland and received loans of billions of yuan were severely punished by the central government.

"The government has found the increased cost of iron ore to be a good opportunity to go on restructuring and continue cooling down the economy," Xu acknowledged.

"The current economic figures make the government worry about rebound of fixed asset investment, and the ore price soaring will dampen the investing enthusiasm in real estate and other industries that greatly need steel products," said He Jun, an analyst of the Bontex company.

In January and February of this year, China's urban fixed asset investment was still 24.5 percent than 2004, a higher rate than the government would like to see.

The Chinese government last year severely tightened land and money supply to slow down investment in real estate, but rising housing prices and huge profit potential are still attracting more investors to this sector.

"Since steel is a raw material of housing construction, the iron ore price rise will certainly raise the total cost of real estate projects, and thus may shrink the profit gained by estate agents," said Du Meng, chief executive of a Beijing-based estate company.

Against this backdrop, if the government can make use of the price increase, the goal of conserving energy and resources and macro economic control may be better attained this year, according to the Beijing News.

Source: Xinhua
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coasti
Posted on: Mar 29 2005, 05:05 PM


Group: Member
Posts: 66

In reply to: suti on Monday 28/03/05 04:32pm

Thought I'd better post something as I've been an avid reader of the posts on this fourm for about month or two now.

Suti, I've just had a quick look at the JV proposal also (correct me if I'm wrong etc). A $95 US/ton pellet price @ 0.78/ AUD would make the proposal profitable. Giving as they say $30ish profit / t.

I agree the costs look a little on the high side, maybe the costs may get revised down a little. I hope they haven't hedged too much @ 78c as it feels like the US may kick up a gear (at least for a bit).

The upsides look pretty inticing, @ $150 Mil pa its around (.35c / share), for 20 odd years it looks pretty good.

Anyhow, just statign the obvious & not contributing a bunch. Hope easter was a little more rewarding than today for all MGX holders.
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