rick,

Subtle difference -Announcement to be made about the Joint Venture.

Regards,

TerryA

Balance;

As we say in these parts "Yeah Right !"

Good luck for next week.

TerryA

I have been trying to find information that might lead to reasonable resource estimates for both B4M East and West but am not having much success. I suspect that I am not looking in the right places !

The Project information on the web site has not been updated for about 4 years and the detail of the Company Presentations appears to be no longer available.

There have been lots of figures mentioned but it would be good to have something reasonably definite in the light of the current legal proceedings.

I think that B4M South will have to remain a mystery until H/Q come clean but any help would be welcomed.

Thanks,

TerryA

Greetings to all,

Suddenly, and hopefully permanently, we are back to the old format with all the comments on the new format having disappeared.

As my Dentist would say "That didn't hurt a bit did it".

Best wishes,

TerryA

Greetings,

Does anyone have the full text of yesterday's NLTA Judgement or could provide a link to where it might be found.

Thanks,

TerryA

OK got the, fairly nebulous, update.

Would very much like to know what is going on "off screen".

Regards,

TerryA

Does anyone else get a blank screen when trying to get the update on the legal proceedings ?

Thanks,

TerryA

Raauul et al,

The sell off continues at an increasing rate, and lower sp, so much so that it looks as if some serious stops are being hit. If it carries on the next stage will be panic selling of relatively small parcels.

Hard, now, not to believe that there has been a leak but will continue to hold for the time being.

Best wishes,

TerryA

TM et al,

Looking at the Trades today I would think that someone knows something that I don't.

Wait and hope that they are proven wrong.

Regards,

TerryA

Greetings again,

Finally got into the site but it was extremely slow to load, eventually locking up my browser.

I'm not having problems with any other site but would welcome some comment before alerting INL to, what I think, is their problem.

Regards,

TerryA

Greetings,

Is anyone else having problems accessing INL web site.

Thanks,

TerryA

"Bermuda",

I think that it is incorrect to assess profits in absolute terms, ie Dollars. What matters to me is the percentage gain (or loss) on my cost (investment ?)

At the moment it appears to me that the exercise prices for the options are too high and that, in percentage terms, one is better off buying head shares at the current market price.

To use your earlier example, with a base cost of $1000.00,you would get 16,129 shares worth $6,451.61 @ 40c - a gain of 545%. If you had gone the options route you would have spent $40,100, have 266,666 shares worth $106,666 but your gain would only be 166%.

If the $40,100 had been spent on the head shares you would have 646,744 worth 258,710 at 40c - a gain of 645%.

Hope this makes sense, even if it is somewhat heretical, and I would welcome any errors being pointed out..

Best wishes


TerryA

For: Sharp - sorry cannot yet fix the tabs but am trying.

Wintermute et al,

The latest conversion gives LJCI an additional 2.5 million shares at a cost of (A)0.964c each, in round figures.

What is more concerning, in my eyes, is that there is still another $(US) 1.375 million to draw down and/or convert. At current exchange rates, and sp, this would give LJCI a further 150 million shares, again in rounded figures.

As they are constrained by the % shareholding that they will not exceed I assume that LJCI will continue to feed shares into the market, accepting a lower profit margin but continuing to depress the sp. The alternative is for LJCI to temporarily stop converting and fund further draw downs from other than INL share sales.

Again in round figures the SP is down 93% LJCI came on the scene and 66-75%, depending on where you set the bench mark, since the consolidation.

Given that the total shares on issue would be around 350 million if LJCI do convert and sell all that they can I cannot foresee another consolidation irrespective of the SP. I have, however, been very wrong before with this company so anything is possible.

Best wishes,

TerryA

Diana,

Have a look at today's single trade (so far) and be very careful.

Best wishes,

TerryA

Uraniumbull,

I would like to see it go the way that you indicate but believe that it would be very difficult to raise $1OM for 40%.

The AGS Board must have accepted that $5.4M for 100% was a good (reasonable?) offer at the time although the increase, about 15%, in the POG since then should have had some effect on the value of Maldon.

AGS do not appear to have received any counteroffers and I suspect that DRO one would never have arisen were it not for the common Chairman.

Best wishes,

TerryA
(who continues to hold albeit now free carried)

Greetings to all,

The extended cutoff date for satisfying the conditions precedent expires at the end of this week.

The sticking point was the inability of Drummond (DGO) to raise $3M and the announcement on January said that Drummond intends to finalise the raising as soon as possible. Given that they have not been able to do in 2 months I think that the likelihood of them achieving it now is slight.

Drummond last traded at 4c (09/03) but there are currently buyers and sellers at 4.3c. The original agreement valued DGO at 6.1c.

Questions in my mind are;

What are the chances of the deal happening ?(less than 10% in my view)

If it does not go ahead will the common Chairman resign from both Boards ?

What will AGS do with Maldon if it remains in their hands ? (personally I hope they restart the development and become a producer)

If the deal does go ahead what will be the reset value of DGO shares taken in payment for the sale of Maldon ?

DGO have about 99M shares on issue and AGS were to have received 88M (valuing Maldon at $5.4M)

If the price is reset to 4c AGS should receive about 125M shares which would give them more than 50% of DGO.Would this trigger a takeover requirement under ASX rules ?

Comments and opinions welcomed.

Best wishes,

TerryA

Not too sure from where Harry gets his 40% discount. From memory it is 25% of a five day low weighted average.

Nevertheless Harry's question is a good one, that reflects what many of us must be thinking, and it derserves a good answer from INL. One only needs to look at the graph of the sp to see what the LJC effect has been since they came on the scene.

Best wishes,

TerryA

JFo,

I suspect that your reasoning is correct !

What worries me is that we run of the mill shareholders will now have no way of knowing if a true "cornerstone" shareholder starts to sell down. There are a number in the Top 50, or so, whose presence on the Register is very reassuring. If they start to leave it would be a very strong indicator that all is not well with INL.

Best wishes,

TerryA

Aussie Joe,

>>- details of legal action which occured yesterday withheld.<<


Courtesy of "evenpar" in another place,

>> Just phoned Melbourne AGS re Discovery hearing. They're still in court in Adelaide and the AGS team is to take the stand today.I guess an announcement will be made about the outcome .. when it's made.
Cheers ep
<<


Regards,

TerryA

Greetings to all,

Had a look at the Q&A Forum on the INL website. Looks as if all the rusted on shareholders (of which I am one) have either run out of questions or Mr. Sammutt has run out of answers.

The cynic in me says that we are unlikely to see any announcement on the Galvanising Liquor Project until the HaxWaste Expo in Melbourne on 10 November. I cannot see any responsible Policitician (oxymoron ?) letting an opportunity like that go by.

The stability in the top shareholding remains and this, in my book, continues to be a good sign for the future. Would very much like some more, and better, progress reports from Management though.

Best wishes,

TerryA

V1 et al,

On Friday someone kicked the sp up with a buy of 5 shares and this was almost immediately countered by a sell of the same quantity. The last two days have repeated the sell down.

I can only assume that there is an interested party who wants to keep the End of Day sp suppressed to 1.5c. There is no logical reason for this, that I can think of, but somewhere there is a broker, or good friend of a Broker, with a hidden agenda.

If they were trying to keep the VWAP suppressed I would think that there was a takeover in the wind but find it hard to believe that this would be the case with the EOD manipulation.

Another reason why the ASX should never have agreed to the removal of Broker codes from the daily transactions but equally the reason why they did so. Perhaps one of our SS readers will have access to the daily Broker codes and can enlighten us to who is "doing the deals".

Regards,

Terrya

Greetings,

Does anyone have any information on the terms and conditions of the JV between Quasar and AGS. I've been searching but cannot find anything on the AGS website or in the ASX announcements.

It is clear that AGS were free carried for exploration at B4W & E up to the "decision to mine". This has now happened and I am interested in whether Quasar have any ongoing access to other areas of B4 and, if so, do the have a commitment to ongoing exploration.

PM's use of the word "encourage" in a recent presentation would indicate that Quasar have access but no commitment.

Regards and thanks,


TerryA

Favshare et al,

Difficult to tell the reason but I note that, so far, there were only two sellers. The drop by one seller at 1.7c has since caused six others to place shares at that price and one other to drop further to 1.6c.

My concern is that if the sp goes as far down as 1.5c we will see a large number of stop losses triggered. The trickle may then become an avalanche.

The lack of news from the company will be one of the contributing factors to the current malaise but, hopefully some positive news cannot be too far away.

Best wishes,

TerryA

Thanks again V1.

I had thought that Dave Sammut had been left behind to mind the shop but if he is also away it would explain the lack of action in the web site.

Regards,

Terry

Thanks Twty and V1,

Does anyone know what has happened to the Whyalla "prospect ? The MOU with Austmelt, in theory, expired last Friday and I wonder if it is still in the frame.

Regards and thanks,

TerryA

Greetings,

Is anyone else having trouble getting into INL's web site this morning ?

Thanks,

TerryA

Favshare,

Not so slowly in the last 30 minutes. Will be a very good open if none of the bids get pulled.

Best wishes,

TerryA

Mercury et al,

Need to clarify an earlier post of mine.

The applicable rule for this SPP is 7.1 of the ASX Listing rules.

http://www.asx.com.au/ListingRules/chapters/Chapter07.pdf

The limit on the number of shares that can be issued in an SPP is 30% of the Issued Capital, see Exception 15 for those interested.

The number of shares that can be issued under the SPP is, therefore, approximately 200 million.

The maximum amount that could be raised, from both issues, is around $4.5 million.

Will be interesting to see how INL have structured the offer; eg apply for $5000, 10,000 or 15,000 worth of shares. I cannot recall a SPP where a shareholder was able to apply for a specific number of shares.

Best wishes,

TerryA

Towie et al,

At the time of the last Annual Report there were approximately 3,500 shareholders.

Given that $ 15,000.00 would purchase 1,000,000 shares the maximum possible number of shares that could be issued under the SPP is 3,500,000,000 which needs to be compared with the 675,000,000 shares currently on issue. If all shareholders took up the offer to the maximum the amount raised would be in excess of $52 million.

More than half the shareholders hold less than 100,000 shares and I cannot see many of them being willing to invest a further $15,000 in the company especially as the "discount" is currently less than 10%.

It seems to me that INL will need to rely on many on the Top 100 subscribing for the full amount allowed, and more, so as to avoid diluting their shareholding (in percentage terms).

The additional 15%, that INL will make available to sophisticated investors, equates to roughly 100 million shares and would only bring in $1.5million if fully subscribed. The 100 million shares will not go far in the Top 100 if they do wish to maintain their relative shareholding and I suppose it is possible that some will buy on the market.

Any other ideas welcomed and for the time being I will be sitting on the fence in respect of my own intentions.

Best wishes,

TerryA

Greetings,

Not much interest in this Stock in this forum but SXG have just issued a SPP;

http://www.asx.com.au/asxpdf/20090423/pdf/31h6bm5b876k3h.pdf

The issue price will effectively be 7c against the current (23/04) sp of 12c.

I would expect the sp to increase, in small parcels, over the next day or so as investors seek to get on the Register and then to decrease as established small shareholders sell down to fund the SPP.

Given that the Company obviously needs to raise funds, to continue with its current exploration and development plans, I think it has done very well by its smaller shareholders, of which I am one, by this SPP.

regards,

TerryA

Greetings to all,


There has been a new presentation released,

http://www.asx.com.au/asxpdf/20090423/pdf/31h60nzyjl8jws.pdf

which, at first reading, does not add anything to committed shareholders current knowledge. It may, however, continue to raise the profile of AGS in the wider investment market.

I think there is a typo on page 23 regarding the period of C&M at Maldon and believe it should read November 2008 - November 2009.

Best wishes,

TerryA

V1 et al,

Twice it has hit, or passed, one of my sell target levels. The first time I let it go but sold 20% of my holding on the second push upwards. May have left something on the table but others are welcome to it.

Was very much overweight, and underwater, in INL but it looks a little better now. Have put the proceeds in the cookie jar marked "INL" and will buy back if the price does plummet.

Best wishes,

TerryA

Dreamer et al,

Some of the current buying seems to be hugely irrational based on the content of the (relatively) minor announcement. I would not have expected such an SP increase for a "Mayfield" go ahead.

Hope I don't put a dampener on it but I wonder how long it will be before the daytraders start to take thier substantial profits.

Best wishes,

TerryA

Healyn,

Thanks for that. I either missed it completely or my memory is failing me.

Regards,

TerryA

1Trader & Dreamer,

I do not think that the Young leases were ever "mining" and were for "exploration" only.

I can find no reference to them being "sold" and the last INL announcement that I can find on this matter (07/04/08) relates to the formation of the 50/50 JV. Perhaps 1Trader could provide the source for his comment.

Thanks,

TerryA

Dreamer,

There is not a lot about JRV at present that is not bizarre.

It would be a very worrying day for me if INL, again, decided to have anything to do with JRV with the present JRV Board/management in place.

Regards,

TerryA

Mango et al,

I think that Delta would be able to clear the site without much difficulty but they are unlikely to receive more than scrap value for much of the structure.

If they then wanted to sell the site as "bare land" they could be faced with considerable remediation costs for the land and, possibly, the adjacent waterway.

Far better for Delta, in my opinion, to accept a lower price for the plant as a "going concern" and let the existing site usage approvals be transferred to INL.

It is not difficult to expend $100K per month in C&M of a plant of this nature if its condition is to be properly maintained.

Best wishes,

TerryA PS Mango - appologies for originally sending this as a pm. Finger trouble

Veeone et al,

Best described as a "Curate's Egg" type announcement.

Will scare a few shareholders in the short term but I think that the great majority will keep the faith.

Best wishes,

TerryA

Veeone et al,

Hopefully the answers will be posted "in the near future"!

We are also missing the weekly Top 200 update but would understand if this fairly expensive service had been discontinued to save a little more expense.

Best wishes,

TerryA

Greetings,

Not a good announcement especially with no mention of progress on the IMRP Newcastle project.

May be speaking too soon but the dumping at open seems to have substantially stopped and the sell side has thinned out markedly. Option sales appear to have come from one entity alone and it would not take much to the sp back to the last close.

What is needed is some factual information on the progress being made with the Newcastle purchase and of discussions with interested parties. This needs to be released to the ASX as I do not think that the Q&A forum carries much weight anymore.

Best wishes,

TerryA

Healyn,

>>Philip Wood left to valiantly steer north.""

I sincerely hope that is not distract from his far more important INL responsibilities. Best thing would be to resign from CMR.

Best wishes,

TerryA

Flower, (et al)

Many thanks for all your informative posts and charts.

Could you please tell me how you have defined your "Travelling Stop Loss" and why you have chosen those particular parameters.

Do you use the same parameters for all stocks or are they adjusted for each stock

Best wishes,

TerryA

Greetings to all,

The most recent Top 200, now posted on the INL Q&A forum, shows that all the Carling Capital "issue" of 2767000 shares apparently went to Minnett Nominees "Settlement Account. I have no idea if there is any significance in this tranasction but note that it was not done a as a single transaction and was on market.

Comsec Nominees acquired the great bulk of the remaining shares sold in the past week, ending 23/12.

There were approximately 4.2 million shares transacted in the Top 200 equating to less than 1% of that shareholding. Still a very stable Top 200.

It should also be noted that the "Top 200" currently lists 206 shareholders. I think this is because the Registry counts all those who have the same shareholding as the first qualifier as being in the Top 200 thus removing any alphabetical bias.

Best wishes,

TerryA

Very quiet in this forum !

Looks as if someone quit 4 parcels of 500,000 each and managed to do it without depressing the SP. Buying interest was good and the parcels did not last long on the sell side.

Have bought a few since my last post in September but am done for the year now.

Hopefully we will have some good news soon.


Best wishes to all,

TerryA

Joku et al,

From a cash flow perspective it would have been better if the whole $10M had been up front.

I would not, however, be surprised if the Royalty Payment was assignable or saleable. In which case INTEC would receive the whole amount, less the "discount for cash" in hand sooner rather than later. At the worst the Royalty Payment agreement should be "Bankable" as security for a loan for somewhere around 50% of the full value.

All in all, good news as far as I am concerned. Bit surprised that there has not been more interest in INLO today but there will certainly be changes in the Top 50 in the Saturday week Top 200 list.

Best wishes,

TerryA

Diana,

The comment was Mango's not Dave's. It appears after the quotation marks encompassing Dave's response. Additionally the comment does not appear in the Q&A Forum.

Regards,

Terry

Greetings to all,

I would like to think that existing shareholders would be given some opportunity to participate in any disposal of Maldon. My preference would be for the Maldon enterprise to be spun off and 50% allotted, pro rata, to shareholders and the other 50% sold to the highest bidder.

I have no idea what Maldon should be valued at in the current circumstances and perhaps someone, with more expertise than I have, could post a guestimate.

The same also applies to B4M, what is this worth to AGS shareholders if the AGS 25% share is to be bought out ? There are estimates in another place of around $3.00 per share but, without having any good reason to challenge that value, I think that is wishful thinking.

Regards and thanks in advance for any comments.

TerryA

Maldivian,

>> make a few Million<<

Would you care to define "few" in this context ?

Thanks,

TerryA (who holds, possibly only for his Grandchildren)

Greetings to all that hold,

I have taken up all my entitlement to the Rights Issue and hope that we will now see a gradual sp improvement.

I have, however, set a stop loss at 25c as I think that if the Issue is heavily undersucbribed (ie less than 50%) there will be a prolonged sell off. What would mitigate the depth of the sell down would be more significant positive news in the near future.

Would be interested in other holders views and the levels of any stop losses they have set.

Regards and thanks,

TerryA

WC,

Whilst a positive announcement would be very good I am not aware of any commitment to one being made today.

Have I missed something ?

Thanks,

TerryA

MacWeb,

>>generous 8 cents a share cash for NWE,<<

I assume that was said tongue in cheek !

Best wishes,

TerryA

BB,

The change in the Top 20 was, in round figures, 2 million or 1.04% of that previously held by the Top 20. There was one entity that reduced its holding by 1.2 million but still remains in the Top 20. The remained of the disposals came from Nominee Companies.

In my book these transactions do not constitute a "significant Top 20 sell down" and the much larger Top 200 continues to remain remarkably stable.

Regards,

TerryA, who continues to hold and hope

BB et al,

By the looks of the sell side this morning there are a number of holders who expect Christmas to be cancelled this year.

Some offers may well be dummies but overall it is not looking good.

Best wishes,

TerryA (who will continue to hold !)

17 October 2008 APPOINTMENT OF PATRICK MUTZ AS MANAGING DIRECTOR Alliance Resources Limited (“Alliance”) today announced the appointment of Mr Patrick Mutz as Managing Director of Alliance. Mr Mutz’s appointment will take effect on 1st December 2008. Mr Mutz has more than 30 years’ industry experience within the international uranium mining industry across executive, managerial and technical roles in the United States, Germany and Australia. He was Managing Director of Uranium Exploration Australia Limited (ASX Code: UXA) from January 2007 to November 2008 and by amicable agreement between UXA and Alliance, Patrick will continue as a non-executive director of UXA. Prior to this he was the Managing Director of Operations at Heathgate Resources Pty Ltd in South Australia. Heathgate is an affiliate of General Atomics, USA, and is the owner and operator of the Beverley Uranium Mine in South Australia. Beverley is Australia’s only and one of the world’s largest and most advanced in situ uranium mining operation. Patrick was responsible for all aspects of Heathgate’s operations in Australia including affiliate Quasar Resources’ exploration activities. Quasar was responsible for the discovery of the world-class Four Mile uranium deposit in South Australia. Mr Mutz is a Registered Environmental Manager (REM) and holds a Masters of Business Administration in Global Business Management from the University of Phoenix (USA), as well as a Bachelor of Science in Business Management. Alliance’s current CEO Steve Johnston will remain with Alliance as General Manager of the Company’s 100% owned projects as well as providing a supporting role to Mr Mutz in relation to the development of the Four Mile Uranium Project. The Alliance Board is appreciative of the valuable contribution Steve has made in building up Alliance over the past 5 years and for his support of the appointment of Mr Mutz. “I am delighted to accept the role of Managing Director of Alliance and am looking forward to the challenge of developing the significant Four Mile Uranium Project with Quasar, which has potential to deliver long term growth for shareholders,” Mr Mutz said. The Company recently announced that the Four Mile project joint venture partner and manager, Quasar Resources Pty Ltd (“Quasar”), has given notice of a decision to mine in accordance with the exploration joint venture agreement between Alliance and Quasar. “We are delighted that Mr Mutz will be joining the Board in an executive role. He brings considerable experience in the uranium industry, which will be of great value to Alliance and the Board. In addition, his prior experience with Beverley and the Four Mile discovery will be of great benefit in taking the Four Mile Project forward into production,” Mr John Dunlop, Alliance Chairman added.


Looks to be a very sure sign that AGS have reached acceptable terms for the "mining"

Best wishes,

TerryA

Greetings,

Could someone, more knowledgable than I, give an informed opinion on how long it might take the AGS Board to reach a decision and release some more information.

It seems to me that Heathgate and Quasar hold all the aces and most of the picture cards. For example it would not matter if Quasar agreed to pay through the nose for the use of the Heathgate processing facilities as it would end up in the same pocket eventually. I have not been able to find any good information on Heathgates cost of production which would allow the current proposal to be benchmarked.

Given that the Brothers Blue, Heathgate, Quasar et al are very private organisations it is difficult to judge how they would behave in a hands down commercial negotiation although their track record with AGS looks good. I also have to remind myself that this "decision to mine" is only one of those likely to be made that will involve AGS and I doubt that Heathgate would wish to get off to a difficult or bad start.

Thanks and best wishes,

TerryA (who holds)

Boomer,

Thanks for those comments which give a different perspective on my original thinking.

I had ignored the convertible notes and cannot find what the conversion rate would be if that option was taken now. Minor point but I do note that the intention was for the funds to be mainly used for the flotation plant which has since been abandoned.

If the Creat group do invest $100M they could take out all three companies, ZZL, BSM and INL. Wonder if they would get Government approval !

Must agree entirely with you last sentence. Totally different attitude to doing business.

Given that Creat are a Chinese company are we seeing the results of INL establishing an Office in that Country. Guess we will have to wait and see. Am reminded of the Chinese curse - May you live in interesting times".

Thanks again, perhaps someone else will join this debate.

TerryA

Boomer,

If BSM are targeting Zeehan Zinc they may have a bit of a battle on their hands.

The sp rose about 90% on the AIM last night following the announcement. It is now 2.375p up from a 52 week low. The 52 week high was 14.75p so holders would, or should, be looking for quite a bit more.

There are about 145 million shares on issue giving a curent market capitalisatiom of 3.44 million GBpounds. The CREAT Group only hold 6% which is not much to greatly influence any decision. Nominee companies hold at least 20% and possibly more. The holders within these nominee companies would not, in my guess, accept much less than 7p making the purchase price a little over 10 million GBPs, or about $(Aust) 22 million of which INL's "share" would be $(Aust) 5.7 million.

I don't think that either company has this much cash lying around to be able to make an all cash offer. Zeehan is primarily listed on the London AIM and a scrip offer from BSM is unlikely to be at all attractive.

The alternative would seem to be, IF BSM are the contender and it is still a big IF in my book, would be a rights issue by BSM probably then requiring one from INL to maintain is percentage holding in BSM.

Why do Zeehan describe the approach as being from a third party ? Who is the second party with whom they have been in discussions ?

The above is merely musing on my part and should not be taken to indicate any specific knowledge. Other comments would be welcome.

Best wishes,

TerryA

Mango, Juiceman et al,

I very much regret that the List of changes that I posted earlier has some inaccuracies especially in respect of the Moyes' holdings.

I thought that I had debugged the spreadsheet but not so. It would have been better if I had kept the information to myself and I will do so in future.

My apologies to you all for the misleading information and especially to Mr. & Mrs Moyes for any potential embarassment I may have caused them.

Best wishes,

TerryA

Pargolf,

Volume is higher today and someone has a lot of shares they are prepared to put into the market at 4.1c - no attempt to get closer to the next offer.

SP went through my stop loss in a flash and is now in my "buy zone" ! Haven't sold any but will wait a bit before buying.

I can only hope that the Directors are well financed for their underwriting and that we are not seeing an attempt to trigger margin calls etc.

Best wishes,

TerryA

Greetings to all,

Not much activity on this thread and even less information from the Company.

SP is down about 25% this morning and looks as if it will fall even further.

Unless the Directors have something positive to release in the very near future then a low ball take over or Voluntary Administration (Liquidation) appears to be a very real possibility.

The Directors underwrote the recent issue and, for once, are suffering along with the ordinary shareholders. Doesnt ease my pain though!

Regards,

TerryA

Veeone,

>> it looks straight forward that it was to do with the mill and probably was due to the supplier of augmentation ore to increase the quality of the output. <<

I tend to agree with you in the absence of any firm information to the contrary.

What I do not understand is why the company did not make this clear. one way or the other, in their announcement.

Although the volume sold (and purchased) in recent days looks high it is still small compared with the number of shares on issue. I have acquired a few more and sold none. It does look as if there will be some changes in the Top 200, and probably the Top 50, but we will have to wait until Saturday week to find who has sold from that group.

Best wishes to all,

TerryA

Greetings to all,

To put the "sell off" today in context when I last looked the number of FPOs traded equalled ~ 1.35 % of those on issue and ~ 1.75% of the issued Options.

Admittedly these are far higher volumes that on "normal" INL trading days but that is also a reflection of hight tightly INL tends to be held.

Bought a few more today of both INL and INLO, both below the current VWAP.

On the down side my portfolio is down by the biggest percentage since "records began".

IT looks as if I shall get my previous expressed wish and see the close break through the Bollinger Band but it will be the wrong one. Arty will also have his wish of greatly increased volumes albeit for entirely the wrong reason.

Best wishes to all,

TerryA

Arty & BSA,

I am obviously not in your league as Chartists but I think that there are some other (minor?) indicators that the short term trend is now upward.

a. We have had three "Green" days (and weeks) in a row and these generally have only happened at the beginning of a spike.

b. 5 day ema is about to cross the 30 day ema, also previously associated with a rise in the sp.

c. Friday's close was near the upper Bollinger band, if it closes above it then I think it would be confirmation that the recent down trend is broken.

My own 2 year trend, measured on a peak to peak basis, has last Friday's target at 5c, for that trend to be broken.

I would also like to see more volume on "Green" days but INL is proving to be very tightly held, especially in the Top 100/200 for both the FPOs and the Options. The Underwriter did not retain any FPOs from the recent issue and most recent sales have started with a sell order of 500K

500k is not enough to show up in the Top 200 and I suspect that the sellers are those that got their shares from the Underwriter and who do not have along term commitment to INL. If I am right it is difficult to see where the volume could come from in a rising trend as there has been no great sell off during the fall.

Thanks again for both your posts, I have learnt a little more as aresult of them - no bad thing even at my age !

Best wishes,

TerryA (who holds, probably for the Grandchildren)

Fraz2,

It was a cross trade so probably just a transfer from one of the holder's accounts to another. If that is the case price is irrelevant.

It will, however, put a spike in the charts for today at least.

Regards,

TerryA

Juiceman et al,

Clodene entered the Top 200 in the list of 01/07 4098000
Subsequent changes were
29/07 3848000
19/08 3898000

Changes are not significant nor material in my view.

Regards,

TerryA

Diana,

The news has done little for the sp to this time.

BUY, who hold 10% of the prospect, are currently up 40% and NWE are up 4% !

Best wishes,

TerryA

Juiceman,

"Just had a look at the top 200, and it hasnt been updated since 12th of Aug
Thats unusual for them as they are normally like clockwork?"

The next update is due to be posted on the web site tomorrow and will be that from the Registry ( to be issued late today ) showing the situation at close of play on Wednesday 19/08. In effect it will show the changes up until the close on Friday 15/08 allowing for the T+3 "delay" in registering trades.

Personally I don't think it would be possible to do any better and I wish other companies were half as good at keeping shareholders informed.

Best wishes,

TerryA

PsychOlogic,

It might have been better if the whole paragraph had been quoted rather than a section taken out of context.

""The Board has made the decision that, pending the outcome of the current negotiation in relation to the Intec Metals Recycling Project development, no Intec employee (including directors) is permitted to trade Intec shares. ""

The emphasis is mine.

I think that the Board's decision is prudent and justified in the circumstances.

Regards to all,

TerryA

Dreamer,

Updates now available on the INL Q&A Forum and one specifically answers your question.

Others make interesting reading.

psych - trust you don't mind me answering on your behalf.

Best wishes,

TerryA

Greetings,

Interesting, and amusing, post on CMR on that other place.

http://www.hotcopper.com.au/post_single.as...3197337#3197337

Reinforces my opinion that CMR will not be of much use to INL in the near term but more than happy to be corrected.

Best wishes,

TerryA

Dreamer,

>>Hope that's a genuine 2.7m buy at 3.6c<<

That is the balance of a 3M buy order (not mine !) placed yesterday so I think you can be assured that it is genuine. Some were sold into the order but not many. Whilst it stays there it is a very good support level.

Will have to wait and see what today brings.

Best wishes,

TerryA

JDH,

Buyer of both INL and INLO.

Regards,

TerryA

Mango,

I think that someone sold 1 million @ 3.7 as the 1,920 was the balance of a previous order (mine).

Regards,

TerryA

Catihouse,

>>Good to see management & directors supporting the sp at these prices by buying up big<<

Whatever the ASX rules may be I do not think that it would be prudent for Directors etc to be buying, or selling for that matter, so close to the release of the Quarterly.

Having said that it will need to be a very well written, comprehensive and explicit Quarterly to restore investor confidence in the company. Some how I doubt that we will see any significant bounce in the sp when the report is released but will be more than happy to be proven wrong.

Best wishes,

TerryA

Dreamer,

>>Might be zero soon.<<

Happy to buy all of yours at that price. Let me know how to make contact and your Bank Account details to remit funds.

Hang in there !!

Best wishes,

Terrya

Preempt,

>> I wonder who's been feeding them this info? <,

My first guess would be that reputable outfit in Melbourne called "GOL" but I think that Australia is represented in Somalia by the UK. If this is so then the UK does not appear to take thier own information as seriously as the Australian Government.

Best wishes,

TerryA

mdchippo,

Have a good look at Alliance Resources Limited (AGS) who have a 25% share of the Beverley 4 Mile Project in South Australia.

Best wishes,

TerryA

Wolverine,

Preopen until commencement of trading on Monday.

Perhaps they are still trying to find the stable or is there more to come ?

Regards,

TerryA

BenW,

Patience !

Considering the number of shares on issue today's volume is, unless things have changed in the last hour, relatively small. There was always going to be some loose sellers after the issue closed and the fall, although greater than I expected, was bound to happen in the absence of any positive news.

SP is getting back into my buy zone.

Best wishes,

TerryA

Healyn,

I have a black hair shirt you could borrow when I have finished with it. I think that will be when INL is back over 7c so you may have to go semi naked for a while yet.

Best wishes,

TerryA

Reginald,

I think it would pay you to do a lot of research into the people behind this company, now and in the past. This includes Directors, Management and major shareholders.

In the course of your enquiries you could also look at AEX and NEO, to name but two, and see if there are any similarities, RRS might also be another contender.

In my opinion the chances of any funds being returned to shareholders is slim, more likely to be invested in the next you beaut deal being offered by none other than those currently behind CCI.

I do not hold CCI but have had shareholdings in AEX and NEO. Still hold some RRS.

Sorry to be enigmatic but this is one instance when the need for personal research is paramount,. The good Doctor has hit the nail on the head in his last paragraph but I would take a lot of convincing that exploration is what is envisaged for the future of CCI.

Good luck,

TerryA

Flower,

Intec Limited, ASX:INL, Low cost Zinc producer totally unhedged as far as I know.

Takes a lot of reading to get ones head around this company, and its prospects, but well worth the effort.

I hold INL and INLO.

Best wishes,

TerryA

Veeone et al,

I also expected it to be a bit higher and balanced my on market purchases and extra application accordingly. Would have been better to have bought less on market and applied for more extras but that is 20/20 hindsight.

The eventual result, for me, is acceptable and I had the comfort of knowing that the on market purchases were in the bag.

I had thought that INL would be able to release a positive announcement in the last days leading up to expiry of the rights but this did not happen.

Regretfully we must now await the doomsayers with their predictions of the number of shares to "hit the market" next week and of how low the sp will go. I shall not be a seller and may even purchase some more if the price fits within my buy expectations.

Best wishes,

TerryA

Greetings,

In the announcemnt of 10 April Mr. Lea said "A prefeasibility study on the YIOP is ongoing and is planned for completion by June 2008".

Hopefully we will see the result in the next day or so although it could be argued that it is nearly a month overdue.

I will happily stand in the corner if it has been released and I have missed it.

Regards to all,

TerryA

Some news at last;

MELBOURNE (Dow Jones)--AED Oil Ltd. (AED.AU) said Wednesday that drilling at its Puffin project in the Timor Sea should see total oil production rise to just under 30,000 barrels a day by the first quarter of calendar 2009.

Lower-than-expected initial production at Puffin sparked a cash crisis for AED last year and saw the company's shares savaged, prompting it to launch a sale process that saw China Petrochemical Corp., also known as Sinopec Group, pay A$600 million for a 60% stake in its fields.

AED Chairman David Dix said two wells will be drilled at Puffin in the second half of calendar 2008 at a cost to AED of between US$40 million and US$50 million, with one
appraisal well at Puffin South West and one production well at Puffin North East.

Dix told reporters in Melbourne that the new Puffin NE well should be producing about 25,000 barrels of oil a day by the first quarter of 2009 which, together with existing
production of about 5,000 barrels a day, should take output to close to 30,000 barrels a day.

After paying off its debts, AED has about A$350 million net cash and Dix said it is looking at several assets in Southeast Asia and that the partnership with Sinopec could
be of benefit in chasing acquisitions.

"The introduction of Sinopec as a joint venture partner who has also indicated that they wish to do other things with us as we go forward, also provides us with significant credibility in the Asia Pacific region in looking at projects that would otherwise be beyond our scale and size," he said.

Dix said Sinopec, which has a stake in another field in the Timor Sea adjacent to AED's Puffin project, had indicated it was looking to boost its operations in
Australia.

Sorry I don't have the link.

Best wishes,

TerryA

Boomer,

""I still can't get my head around the fact that Intec never hedged some of their production from the HZCP,""

We are a bit off topic here but I suspect that the reason INL did not hedge is that the cost would have been more than it was worth.

INL is a low cost producer still making a profit at current prices. Those that have to hedge, to survive, are the high cost producers and even then most will be taking a loss at this time.

Only INL's Directors will know the real reason and I doubt that they would want to provide the figures that lead to their decision. It would give their competitors a significant advantage.

Best wishes,

TerryA

The Buy side has become very strong in the past half hour or so and is headed by a single order for 1 million shares at 4.8c. Subsequent orders have taken out some of the lowest on offer at 4.9c.

I can only assume that those buying are fairly certain that they will not get many of the "extras" but still see an attractive gain from the present sp levels.

Would like to see it close above 5c but don't think that will happen.

Best wishes,

TerryA

Wolverine et al,

Don't forget Southern Cross (ASX:SXX) with their 5% share (or 4.2% according to EME) of the project.

The 5% would not be enough to sway any decisions but sooner or later I expect one of the other two partners to try to take out the SXX share.

Regards,

TerryA

Towie,

>>why not post one of your Funnies<<

Not that, anything but that, anything !!

Please,

TerryA

Commander C,

>>So rights question then becomes, does TNG do rights issue at premium or discount to share price.....<<

Unfortunately we now know the answer to that question and the discount is "heavy" in my opinion.

I suspect that the sp will now fall to around 6.5c and may even go down to the issue price.

Nevertheless it is a prudent move at this time but an sp at around 6c increases the chances of some corporate activity with someone taking the opportunity of a major stake at this greatly discounted price.

Best wishes,

TerryA

Marsupial,

>>Very surprised they included the contract value in the announcement. Smack of being "unprofessional" in my book.<<

Two possible reasons;
To stop the question being asked on the valued Q&A Forum
To placate those who think that the company never releases any hard information, only smoke and mirrors, pr spin etc.

In my opinionI do not think that there is any harm in in stating the such a contract value - it gives away no competitive advantage and may encourage others to enter into a similar arrangement.

Best wishes,

TerryA

Edgey,

Welcome to this thread and I hope we more of your posts than we have since you joined Sharescene.

Best wishes,

TerryA

V1.

>>One optimistic seller at present will be interesting to see how many sell them.<<

The seller has clearly identified himself on "that other place" I doubt that he is a serious seller given his other comments. The account of his efforts to even get an order placed make interesting reading. Full marks for his persistance.

Perhaps someone who knows how to do these things could post a poll on;

Percentage of rights taken up by shareholders
Percentage of additional rights requested by shareholders
Percentage of additional rights allocated to shareholders
Percentage of rights left for the underwriters.

My guesses are 70, 40, 30, 0.

My intentions are 100, 100 but that may have to change depending on available funds nearer the date.

Best wishes,

TerryA

Deidre,

If you don't mind me asking;

How many do you hold,
What is your average purchase price
Will you be taking up your entitlement ?

Will fully understand if you choose not to answer my questions.

My own holdings are reasonably obvious and, like many others, I am currently down about 50% on my average price.

Unlike yourself I have confidence in the company management else I would have sold out long ago. Although you appear to be in a significant minority I do not think that your continued "public" and negative comments are at all helpful to the greater good.

I will be applying for my full rights entitlement and about an equal amount in addition.
Whether or not I get the additional share may well depend on how many you decide not to take up. Please do me a favour !!

With sincere best wishes,

TerryA

Greetings to all,

May be of interest !

"Tax U-Turn to boost North Sea Oil"

http://www.telegraph.co.uk/money/main.jhtm...29/cnoil129.xml

Best wishes,

Terrya

KB,

A very late run by AGS this afternoon with no apparent public reason to justify the increase.

Hope it holds and I will go to bed happy !

TerryA

db76,

I will stand to be corrected by a statistician or mathematician but I think that you mean a "certainty of other than 1 or 0 is not possible" once the well is drilled.

There are always odds (ie chance) otherwise and this must apply prior and during drilling.

If there is nothing but a binary solution how to the punters win at two up ?

Best wishes,

TerryA

TW & BB

Dr P. has enough clout to be able to organise a private placement of that quantity of shares. If he did sell the previous million through the ASX he certainly did not do it in one dump at market prices.

Whatever we will know at the weekend !

Best wishes,


TerryA

Bananabender,

Top 20 has been holding fairly steady at 170 - 172K for the past 6 weeks.

Dr.P's reduction noted but he still holds a very substantial number. Wish I knew where he put the proceeds and I would be following. (AGS perhaps given this morning's action, ARU also)

Best wishes,

TerryA

Uraniumbull,

Thanks for that succinct information.

Regards,

TerryA

Greetings,

I think that I am correct in saying that AGS is "free carried" in B4 until a "decision to mine".

I cannot find a firm definition of "decision to mine" and it seems to be one of the following possibilities:

a. partners decide to mine
b. application is made for a mining license
c. mining license is granted
d. physical preparation for mining is commenced, including therein the definition of the necessary materials and equipment.

At the moment we are at b. above.

Could someone with more knowledge/expertise than I provide the correct definition/state when AGS becomes liable for the ongoing 20% of the "mining costs".

Many thanks,

TerryA (who holds)

Greetings,

Don't worry about the decimal point in the sell price.

It looks as if some one dropped 800,000 into the "market" about 10 minutes ago (1542). Hope they owned the shares !

Makes my small purchase today in the red. Hopefully will be up at the close.

Regards,

Terry

Tradewins,

Didn't know you were a Rocket Scientist but never been a secret with my "nic".

Still out of the money though as it took me too long to realise the potential of INL and I ended up buying through to 26c. Many more acquired since then and I think my Grandchildren will be happy with my decision.

Hope to get some more next week whilst the sp remains in a sideways trading range, depends on funds though. Once I have got some more I will be looking to that right field announcement for some serious sp increase.

Best wishes,

TerryA

Greetings to all INteLigenciers,

New Top 200 is now available on the INL web site and once again there is a remarkable stability in the shareholdings.

Amongst the Top 20 there are only 2 changes, ANZ Nominees down 144K and a private super fund up 100K

The total for the Top 100 is down 616K (0.2%) and that for the Top 200 down 1.7M (0.5%)

The turnover for the 5 days preceeding the latest list was 4.67 million shares and most of that has come from those outside of the Top 200.

I don't read anything particular into these figures, apart from the stability in the Top 200 which has only reduced by 1.2% since 4 March 2008.

Best wishes,

TerryA

Vind,

Thanks for that link - now book marked.

Will be interested to see in the U.S. listing is a leading or lagging indicator.

Best wishes,

TerryA

Allanc,

>>Only National Nominees has added to their shareholding <<

It is a minor point but it is not National Nominees that have added to their shareholding but individual purchasers who have chosen to have their shares held within that Nominee company - that anyway is how I understand that it is supposed to work.

I checked with a mentor of mine (half my age but knows more about the stock market than I will ever hope to do) and he has withdrawn a number of share holdings (none of INL, which are held in his own name) from ANZ Nominees and either placed them with "more trustworthy" nominee companies or in his own name. Others may be doing the same thus affecting the make up of the share register. I think Commsec Nominees appears for the first time in the latest list at #146.

Whatever is happening with any possible transfers between Nominee companies it does not affect the number being sold on market. I will be interested in what Dave Sammutt finds out, assuming that ANZ Nominees know themselves !

Best wishes,

TerryA

Vind,

>>ANZ nominees holdings have dropped by 1 milion since last report<<

You are quite correct - don't know how I missed that. That million makes my rough balance almost correct. Must pay more attention next time around !

Given ANZ's current problems they probably consider that the beneficiary for the nominee account is themselves.

TerryA

Greetings to all,

The new Top 200 (actually Top 202) to 29/04 has now been posted and the figures remain remarkably stable. I can think of some companies that would be happy to have the same stability in their Top 20 at present.

Macquarie sold none and the biggest reduction I could find was around 600K shares.

The total change in the Top 100 was a reduction of 1.2M shares (0.2%).

Some one with more time and/or interest may like to do a better analysis but I don't think that the overall picture will change.

Best wishes,

TerryA

Boomer,

>>With tongue firmly in cheek, ZESTec could also probably make a good case for sprinkling zinc on my cornflakes each morning. <<

Could well do. Zinc prevents facial exzema in sheep and cattle!

Best wishes,

TerryA

Talking to myself, not unusual these days,

The "trading" at the 1610 auction is even more bizarre.

Whatever happened to the $500.00 minimum trade rule ?

If I try to place a trade for less than $500.00 it is always rejected. It would appear that there are different rules for Stockbrokers (insiders?) and general retail shareholders.

I tried to sell the residue of a holding a little while back and the "value" came to under $500.00. The order was rejected and I was advised to buy at least $500.00 worth and then sell as one parcel.

Again, If anyone can give a logical, not necessarily sane, explanation I, for one, would welcome it.

Sleep well,

TerryA

Greetings,

One would have thought that with all the problems arising from the OPES fiasco that the ASX would have been more vigilant with trading patterns. If you 'alert' ASIC all you get back is a form letter and I suspect that there has been little human input into the generation of the response.

If you look at AGS today, especially around 1530 AEST, you would have to wonder whether there is any market regulation at all.

Hopefully it will soon be sorted out but I am not holding my breath.

If anyone can give a logical, not necessarily sane, explanation I, for one, would welcome it.

Best wishes,

TerryA (who holds with a growing sense of bewilderment)

Sirob,

>>and cannot be shorted<<

insert ,officially, between cannot and be and you will have your answer and one of the root causes of the current problem.

" and cannot, officially, be shorted>"

Borrowed stocks are, apparently, exempt from the rules which makes a mockery of the rules.


Best wishes,

TerryA

BSA et al,

Thanks for the comments regarding the potential for takeover bids from ANZ.

Somehow I cannot see either the ASX or ASIC enforcing any of the rules at the moment but would live in hope.

I'm not directly involved with either OPES (Other Peoples Earnings & Savings ?) or ANZ but have seen some of my holdings severely hurt.

Good luck to those that do decide to take some action - I sincerely hope that you will be successful and that the "market' can regain some form of credibility.

Best wishes,


TerryA

Matt et al,

Does that percentage not trigger a take over bid by ANZ ?

If so there appear to be a number of companies that will find themselves in the same situation.

Best wishes,

TerryA

Greetings to all,

AED Announcement to ASX;

"AED Oil is pleased to confirm that Sinopec International Petroleum Exploration and Production Corporation (“SIPC”), a wholly owned subsidiary of China Petrochemical Corporation (“Sinopec Group”), and AED executed formal binding documentation late Friday 28 March 2008 to give effect to the transaction outlined in its announcement of 7 March 2008. The execution of this agreement concludes the Strategic Review process initiated in January 2008. The Strategic Review has achieved its objectives, namely (i) significant reduction in debt levels; (ii) independent technical review of existing production (refer ASX release on 22 February 2008); and (iii) financial capability and asset ownership structure which will facilitate the exploration, development and production from the Puffin and Talbot oil fields expeditiously

Under the agreement, SIPC will acquire from AED a 60% joint venture interest in the assets held under AC/P22, AC/L6 and AC/RL1 (which include the Puffin and Talbot fields) (the “Assets”) for US$561 million (equivalent to approximately A$617 million at current exchange rates). The transaction therefore values 100% of the Assets in excess of A$1 billion"

I wonder how long it will be before we see some information on the further development of the Puffin field by SIPC.

Best wishes,

TerryA

Stix et al,

Down even further now with POLO being at a theoretical discount of 5 - 6 cents. Shows what one single seller can do by selling "at market".

The lack of information on the reasons for the delay in the Carina results is disturbing and I doubt if we will see much sp improvement until they are released.

Best wishes to all,

TerryA

macrae,

Only for "a week or two"

Best wishes,

TerryA

Ice,

You may not realise it but the crime of "lessee majesty" (spelling ?) is punishable by death.

Sleep safely,

TerryA

KB,

Added some more in the past few days, unfortunately at a higher sp than today. Can't expect to get them all right. Sold a few just before the Magnolia result (remember that ?) and have been slowly adding since the post Magnolia bottom.

Will see where I can find some more funds if the sp stays below 18c tomorrow. Has to be good buying, but that is preaching to the converted on this thread.

I notice a lot of sales, in other shares, "at market" today and some have had a marked effect on the sp (look at POLO) I wonder whether we are seeing forced selling in relatively small lots for NWE.

Best wishes to all,

TerryA

PS A t/o at 35c would have my interest and an offer of 40c would probably have my acceptance.

Behrenspeed,

This being drilled as a "tight hole" so updates are most unlikely.

Annaliese's post of 26/2 gave a very good explanation of the term "tight hole".

Best wishes,

TerryA

Following courtesy of "nuro" from that other place

http://www.minesite.com/nc/minews/singlene...takeaway/1.html

'March 03, 2008

Thor Mining Waiting For Chinese Takeaway


By Rob Davies



Patience is a vital ingredient for small company manager and John Young, chief executive of Thor Mining, needs plenty. He told Minews that he is waiting to finalise the details of an offtake agreement with an unnamed Chinese company that will take the molybdenum and tungsten concentrate from his Molyhil deposit in the Northern Territories east of Alice Springs. This time last year his company all but had a deal with Hunan Nonferrous Metals Holdings in the bag, but the Chinese company pulled out in April 2007 after deciding that the deposit was too small. That meant the hunt for an offtake agreement had to start all over again. And after many visits to Beijing and much negotiating John is confident that an agreement will be signed in the next few weeks.
Hunan might think the deposit is too small but the reality is that there aren�t that many tungsten deposits to choose from. Molyhil has a mining reserve of 2.15 million tonnes grading 0.49% tungsten (WO3) and 0.22% molybdenum (MoS2), all of which can be accessed from an open pit. That figure was determined in August last year following an extended drill campaign which also increased the resource figure to 3.73 million tonnes at 0.51% combined tungsten and molybdenum.

While not massive, that�s not to be sneezed at and when you look at the potential return the numbers really get quite juicy. On a capital cost assumption of A$71 million and an operating cost per tonne of A$76, the project will generate an operating cash flow of A$116 million. Those numbers are based on a 400,000 tonne per year production rate and prices of US$32 per pound for molybdenum and US$240 per metric ton unit for tungsten, and factor in a 10 to 15 per cent discount for concentrate. The plan is to freight the concentrate by road to Adelaide then take it by sea to China where it will be refined. That might seem a long way to haul concentrate but at 51% it�s a pretty high grade and valuable material.

As soon as John gets the offtake agreement signed he will be out raising money to build the mine. Bearing in mind that Thor is only capitalised at �7 million that will be quite a task to undertake. However, he says he had offers before Christmas so he is optimistic. Almost as difficult is sourcing the equipment needed to build the mine, with lead times for some items stretching out two years. John has located a second-hand ball mill which could be refurbished in eight months and he thinks that the plant could be built in twelve months. One thing he will be doing is building in scope for a ten to twenty per cent expansion which could ultimately generate significant unit cost savings. As he points out, the mine plan at the moment is only for open cut, when in fact the additional resource could be exploited from underground.

Molyhil is the company�s most important project but it is also exploring for uranium in the Harts Range and at Bundey River not far from Molyhil. In the Harts Range it�s waiting on permission to do RC drilling at Daicos where it has a pegmatite prospect. At Bundey River an EM survey generated good targets and an RC drill rig is now required to get through the clay and test it. Interesting as these are, it�s the decision from China that John, and his shareholders, are waiting for.'

Regards,

TerryA (who holds and waits !)

There are currently two sellers offering a total of 2,613,144 shares at 7c, one with 1.1 million and one with 1.5 million (both approx)

It looks as if we should see a reasonably sizable change downwards in the top 50 - 70 for the first time in some months.

Would be good to see them taken out as a single purchase but don't think that is likely to happen. Whilst they stay there it will keep a dampener on any sp gains and I would have thought that both sellers would have been better to have sold in smaller lots.

Best wishes,

TerryA

Greetings,

From an Article in today's Australian;

http://www.theaustralian.news.com.au/story...5005200,00.html

"Both Canadian-based Talisman Energy, which already has Timor Sea interests, and Houston-based Apache, the biggest independent gas producer in Western Australia, were considered by analysts as possible AED farm-in partners"

It could only be more good news for NMS if Apache are the selected JV partner for AED.

Regards,

TerryA

Marathon,

Depends how you judge "best" but if you are looking at ROI it has to be NWE as the "I" is zero.

I think it will be shown that AED is the loser but it remains to be seen how much is made for what percentaqe of their assets.

Am a bit surpised to see the sell side of NWE load up after the announcement but will wait and see how it settles down.

Best wishes,

TerryA

AED Oil Limited
ACN 110 393 292
PO Box 18199
COLLINS STREET EAST VIC 8003
AUSTRALIA
ASX Announcement
3 March 2008
Joint Venture Interest
AED Oil on 28 February 2008 requested a trading halt and informed the market that it
had received a number of proposals relating to an acquisition of joint venture
interests in the Company�s assets. These proposals were received following the
strategic review process announced by the Company in January 2008.
The Company and its board have assessed these proposals and the Company has now
commenced negotiations in respect of one of the proposals. This proposal is from a
significant Company which has received all internal approvals and is for a majority
interest in the Company�s assets.
The Company notes that if an agreement is entered into and completed in respect of
this proposal, it will be in a position to extinguish its bank debt and repay creditors.
The Company in these circumstances will also have sufficient cash resources to
exploit its previously indentified development and exploration opportunities at the
Puffin and Talbot fields.
If an agreement is entered into in respect of this proposal, completion will be subject
to a number of customary conditions precedent and subsequent, including
governmental and regulatory approvals and certain other third party actions.
The Company this morning requested a voluntary suspension of trading in order to
provide it with more time to negotiate this proposal. The Company is unable to
provide more details at this point, but will keep the market informed of progress.
Trevor Slater
Company Secretary
General Manager, Marketing
Contacts
Trevor Slater � Company Secretary/General Manager, Marketing (03) 9656 7800KB et al,

______________

Now who could the significant company be, ?

Best wishes,

TerryA

Serpie et al,

I think that you will find that the buy/sell quotes are wiped at the beginning of the preopen period after the announcement is made and suspension lifted.

The usual routine is for the company to make the announcement and then ask for the suspension to be lifted so there can be a fairly lengthy period between the announcement and the recommencement of trading.

Doesn't always happen that way and anything is possible with AED !

Best wishes,

TerryA

Monteverdi,

Thanks, brilliant application to ABS et al.

TerryA

Carbroker,

""A + B + C = $1.10 ?""

"The stuff dreams are made of..." Humphrey Bogart at the conclusion of the classic film "The Maltese Falcon."

Perhaps one of our exploration experts could give an estimate of the chances of success in each of the three current projects.

Best wishes,

TerryA

Stix,

Not much of this month left and the price of both POl and POLO suffering.

Volumes are not great, however, so I don't think there can be any prior knowledge of negative results.

Best wishes,

TerryA

Catihouse et al,

What pushed the sp down 3% was obviously a single selling order of 100,000 "at market".

It was certainly not a well planned sell and I assume was born out of urgency to meet other commitments. I would only be concerned if there were others like it today as buying support is not all that strong.

Best wishes,

TerryA (who continues to accumulate on dips like today)

PS And now "Notice Received". Hope that seller did not know something that we, as of yet do not !

Greetings to all, although it seems I may be talking to myself;

Half Yearly Report issued;

http://www.asx.com.au/asxpdf/20080228/pdf/317qdk5q4j6z6f.pdf

To me it says nothing that we did not already know and there appears to be no real progress or developments in the past 6 months.

Perhaps others will read it differently and I look forward to their comments.

Best wishes,

TerryA

Vind,

>>ten residents of Spelter sued<<

Noun 1. spelter - impure zinc containing about three percent lead and other impurities (especially in the form of ingots)

Go figure !

Best wishes,

TerryA

Rooster et al,

>>I reckon we will see near 100Mt+ by end of next year's drilling.<<

That is an awfully long time to wait given the current sp trend. Unless we get some very good news shortly the sp will continue to drop, albeit on fairly thin volumes.

The seller(s) today do not seem to think that there is any good news coming and we see a drop of 4c ( ~ 12%)

It was not too long ago that I thought around 50c was a strong support level, given the prospects, but now I cannot find a sensible level, unless 5c counts !

I continue to hold but am now in "red" for the first time since I became a holder through a very good buy in TNGO.

Best wishes,

TerryA

Greetings again,

I have now found that Derek Lenartowicz was, a few years ago, appointed as the MD of View Resources not that is currently any recomendation.

I have not been able to find anything up to date but perhaps others will have more success.

Regards,

Terry

Greetings to any that still hold, as I do.

Ian Middlemas has resigned;

http://www.asx.com.au/asxpdf/20080218/pdf/317hf5lv243yqh.pdf

Given that he was expected to be the saviour of the company, and has certaily been its guiding light in recent times, where to we go from here ?

His replacement, Peter Thick, does not appear to have the same entreprenurial talents as Ian Middlemas but I suppose we will have to wait and see.

A "google" on the new Chairman produced nothing but I had better check that I got the spelling correct.

Best wishes,

TerryA

wllmtrish,

Does the Heathgate application involve the ground covered by the JV with AGs or is it solely related to an extension of Heathgate's existing mine.

Regards and thanks,

TerryA

Mission X

Worth reading again but most commonly attributed to the great English humourist Gerard Hoffnung in his address to the Oxford Union in 1958.

If you can find a recording of the original speech it is far more enteraining than the written word.

Best wishes,

TerryA (of increasing years)

ps OZeb - I must learn to use more than two fingers in my typing.

Healyn,

>>>The BOT says stuff you and took 1 digit off instead. <,

Not quite - it was the residue of a trade going back to 1418 - The BOT bought 6667 leaving 33333. This carried trough until the 667 was sold at 7.2 to clear the original 95000 on offer when the BOT bought.

Will be interesting to see if THE BOT buys again before the close (at 7.4) as i note the the timing of its trades has been pretty random today.

Now don't try to prove a point by selling 6667 yourself at 7.3 !!


Best wishes,

TerryA

Healyn et al,

Today is different - the BOT is buying (or has been up til now.)

Hopefully a sign of things to come - only has to put another digit in front of the 6667.

Best wishes,

TerryA (who holds)

Healyn,

3 shares crossed at 7.5c (as part of a larger order.)

What does the BOT do now ?

Best wishes,

TerryA (who holds)

Wolverine et al,

Doesn't add much to the defence in my opinion but does make it clear that not all of the Directors hold shares.

It would have been good to see something definite, or relatively so, regarding the date for commencement of production trials and the timetable for full production. At present it could be anytine in the first half of 2008 if one reads the detail of the Target Statement.

Any Project Manager worth his salt would know, in some considerable detail, the amount of work to be completed and the resources available to do so. Equally the Board should be informed of the state of progress at least weekly and, preferably, more frequently at this stage.

ZFX likely know more than we are being told as to when the plant will be commissioned and when the trial will commence. It is hard to believe that they would not have a "friend" inside the fence before they came out with their offer.

I continue to hold but would welcome some reassurance from the Board that "production will start this quarter.

Best wishes,

TerryA