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bg99
Posted on: Aug 7 2020, 02:15 PM


Group: Member
Posts: 191

None Mick ..... am hoping for some good news to eventuate from the drilling campaign.
Some stocks I enter with a defined sell target, this was just to go in the sock drawer.I like the 57m at 3g/t at Kroda and the nearology of Callie.
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bg99
Posted on: Aug 5 2020, 07:52 PM


Group: Member
Posts: 191

QUOTE
SECOND GOLDEN SWAN MASSIVE SULPHIDEINTERSECTION EXTENDSNEW DISCOVERY5 AUGUST2020HIGHLIGHTSPBSD0030B has intersected9.0m(3.8m True Width) ofmassive and stringer nickel sulphidesin the newly discovered Golden Swan DepositLatest intersection is ~50m up-dip ofdiscovery hole PBSD0029Awhich intersected7.6m @ 8.8% Ni (true width = 4.3m) including 2.1m(1.2m TW) of massive sulphides grading15.9% NiThe Golden Swan massive nickel sulphidessits on a newly identified and highly prospective felsicterracethat potentially parallelsthe nearbySilver Swan underground mineDrilling is continuing at Golden Swan

Market likes it..... lets see what the new intersection results come in at.
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bg99
Posted on: Aug 5 2020, 07:26 PM


Group: Member
Posts: 191

Not that unusual for a quarterly report Mick.... see latest announcement which may change your thoughts, certainly the grades at Kroda are of interest !
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bg99
Posted on: Jul 25 2020, 11:45 PM


Group: Member
Posts: 191

irrelevant dribble
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bg99
Posted on: Jul 17 2020, 06:07 PM


Group: Member
Posts: 191

yes.... when the sp has fallen from 36c to 3c over the last 3 years.... its no wonder there is little interestthey will need to go to the bank or instos to raise funds or start making ongoing sales pronto,when you look at this new deal, the counterpartys website does not fill you with confidence either
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bg99
Posted on: Jul 15 2020, 03:36 PM


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Posts: 191

yep looks like you are right Mick.... heavy selling action
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bg99
Posted on: Jul 15 2020, 11:29 AM


Group: Member
Posts: 191

Nice one.... I'm thinking it will close today back near its highs... we shall see, golden X might be looming for PRX
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bg99
Posted on: Jul 15 2020, 10:38 AM


Group: Member
Posts: 191

Yay Mick, I better check out my SPP letter again... well done on your recent buy !
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bg99
Posted on: Jul 15 2020, 09:54 AM


Group: Member
Posts: 191

Finally.... a large sales contract announced !
https://www.asx.com.au/asxpdf/20200715/pdf/...jw2twgly3r5.pdf
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bg99
Posted on: Jul 10 2020, 12:11 PM


Group: Member
Posts: 191

state border patrol ??
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bg99
Posted on: Jul 10 2020, 11:57 AM


Group: Member
Posts: 191

Hey Mick

I have a few shares in EDE so I was interested in your comment

"Still doesnt' take away from the fact that in a pour of concrete worth 10 million, the Edencrete component is only about 200,00."

So I went to do some rough calculations to check this
From https://hipages.com.au/article/cost_of_concrete_per_m3

The cost of concrete per cubic metre in Australia is anywhere from $200 - $300+ per m3 (cubic metre), though you could pay as much as $350 for 40 MPa strength. Variations in cost will be due to local prices differing slightly, the type of concrete you order as well as any additives or admixtures required.
Concrete grades can range from 20 to 25, 32, 40 and 50 MPa - with 20 MPa and 25 MPa the most common for driveways and footpaths around the home. This type of concrete is classed as normal class concrete. You will need to specify special class concrete if you are adding any pigments or need a stronger type of concrete.

In an announcement 2/4/20 a customer in the USA paid $120000 for a job doing an industrial storage floor of area 18580 m2 (136mx136m)

Assuming a thickness of about 6 inches or 0.15m, the volume is 2787 m3. Equivalent cost in AU$120000x1.44=AU$172800Cost of Edencrete is 172800/2787=AU$62/m3

Now for a job worth $10m, lets say this includes the Edencrete in the concrete and for this job assume they assign 32MPa concrete (a check in the USA says 32MPa is appropriate for "Medium or Heavy pneumatic tyred traffic", 40MPa is for non-pneumatic tyred traffic). So we will assume this as at the upper end of the AU$200-300 range of AU$300/m3
Hence a job of this type including the Edencrete in the mix is a factor of 62/300=0.207So for a job of $10m concrete (with Edencrete in the mix), AU$2.07m of Edencrete would be used.

To do a check:

In another announcement on 6/3/20 the Port of Savannah trials, they said they used 1 gallon Edencrete/1 cubic yard concrete which is 4.95 litres/m3.This is a very heavy industrial application, so lets assume the job for the industrial floor used a bit less at 4 litres/m3 (4litresEdencrete/1000litres concrete, the Parchem brochure reccommends anywhere between 2 and 10 litres per m3)
so volume Edencrete used would be 2787m3 x 4= 11148 litres, which would price Edencrete at 172800/11148=AU$15.50 per litre
As a check I rang Parchem......for trade prices without GST they quoted

4 litres Hc $87.60 or $21.90/litre, 200 litres $3650 or $18.25/litre, 1000 litres $14600 or $14.60/litre4 litres Pz $116.80 or $29.20/litre, , 1000 litres $23360 or $23.26/litre
For AU$10m worth of concrete at AU$300/m3=33333.33 m3 of concrete, which requires 4 litres per m3. At the 1000 litre volume price of Hc this is 4x14.60= $58.40/m3 of Edencrete Hc, which gives us 33333.33 x58.40 = AU$1,946666 or about AU$1.95m of Edencrete Hc needed for a AU$10m concrete pour.
This is close to the first calculation of AU$2.07m. I think you might have just been a factor out somewhere in your calculations, which is easily done.
Of course this is what is received at the shopfront, and revenue at the shopfront does not equal profit to the supplier, so I don't know if you did an after cost calculation either ? However my sums would indicate EDE might get a bit more $$$ out of a $10m pour.

Happy to be corrected if needed !
Cheers




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bg99
Posted on: Jul 3 2020, 09:35 AM


Group: Member
Posts: 191

Sp living up to its name.... are you going to do another DEG Nipper ?
MC still looks cheap for where they are, so much going on in Lachlan Ford beltKeep an eye on ERM, currently drilling at Kiola about 100km south of Cadia, not as cheap as KTA but
you have to factor in what they already have at Tennant Creek.First drilling report from Kiola says visible copper sulphides.
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bg99
Posted on: Jun 13 2020, 08:38 AM


Group: Member
Posts: 191

that is very impressive nipper .... congrats to you !!
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bg99
Posted on: Jun 9 2020, 01:39 PM


Group: Member
Posts: 191

BKT signs MOU with POSCO..... sp pulled back from initial surge, would have thought this worth more.... focus coming back to renewables anyway
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bg99
Posted on: May 31 2020, 08:12 AM


Group: Member
Posts: 191

haha... might be tough to feel a bite with that much line out too ?

Am interested in how it goes as I thought how it could be real good for a couple of situations. Going for mulloway in the Murray Mouth, lots of guys go right out in the surf up to their chestsbut Im too old for that and one guy drowned there a few years ago. There are a few cliffs I know where you have to climb down onto a ledge to cast, but it is then
difficult to cast as you have the cliff wall behind you, there are large mulloway in the waters below
yep whiting are my favourite, we will be eating well for a few months.... good luck with the trials !
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bg99
Posted on: May 30 2020, 10:48 AM


Group: Member
Posts: 191

ERM... one of my NT speccies is creeping back up on some drilling underway in NSW
https://www.asx.com.au/asxpdf/20200526/pdf/...3k9byd6sy0w.pdf
PS just had a few fab days fishing for whiting.... got some small salmon in the surf too... was pleased with my 14ft rod casts but am wondering have you tried that drone casting yet Mick ?
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bg99
Posted on: May 30 2020, 08:31 AM


Group: Member
Posts: 191

yes.... stand corrected... they are looking good too though
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bg99
Posted on: May 29 2020, 10:57 PM


Group: Member
Posts: 191

over 150m shares traded today at around $6 ..... that's a staggering $900m worth
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bg99
Posted on: May 21 2020, 06:02 PM


Group: Member
Posts: 191

graphene stocks are starting to move
BKT going, TON retracing, SYR getting edgey, WKT asleep
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bg99
Posted on: May 19 2020, 08:46 AM


Group: Member
Posts: 191

more relevant articlehttps://www.abc.net.au/news/2020-05-19/dow-jones-surges-912-points-coronavirus-covid19-vaccine/12261700
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bg99
Posted on: May 19 2020, 08:35 AM


Group: Member
Posts: 191

this article mentions MRNA trials
https://www.abc.net.au/news/2020-05-19/coro...may-19/12261142
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bg99
Posted on: May 15 2020, 06:22 AM


Group: Member
Posts: 191

a good night for gold.... so it will probably go today and my call yesterday is void
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bg99
Posted on: May 14 2020, 02:20 PM


Group: Member
Posts: 191

I'm betting on a bit of a pull back before this high gets taken out... well done on your GNC pick, the BoM 3 month climate outlook bodes well for a good season
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bg99
Posted on: May 6 2020, 05:12 PM


Group: Member
Posts: 191

this one has caused a stir too, but may have some substance behind ithttps://www.asx.com.au/asxpdf/20200505/pdf/44hkkmqbgqq83q.pdf
this one was one of blacksheep's favourites ..... where has he and the MNS sheep gone ?
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bg99
Posted on: May 6 2020, 04:56 PM


Group: Member
Posts: 191

now here is a classic pump n dump story ..... and the ASX appear to be quite happy with it all thumbdown.gif

https://www.asx.com.au/asxpdf/20200506/pdf/...lrg4xs0364n.pdf
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bg99
Posted on: May 2 2020, 01:57 PM


Group: Member
Posts: 191

try again

https://www.abc.net.au/news/2020-05-02/remd...us-fda/12208492
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bg99
Posted on: May 2 2020, 01:54 PM


Group: Member
Posts: 191

https://www.abc.net.au/news/2020-05-02/remd...-us-fda/1220849
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bg99
Posted on: Apr 29 2020, 04:13 PM


Group: Member
Posts: 191

yep.. am just keeping a small parcel (in the red) as a long shot punt on this one... sock drawer stuff
another NT speccy having some movement that I watch is ERM, done some deal with an indigenous company NT Bullionfor scrip at 14c.... well above current share price, but it is in exchange for mining rights so both parties would
have worked out some inherent value
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bg99
Posted on: Apr 29 2020, 03:58 PM


Group: Member
Posts: 191

PRU quarterly just came out today.... some problems at Edikan and new overdraft of $100 m has spooked the market... lucky I bailed on this one yesterdaygood company though and plans for major production increase when Yaoure comes on line..... 22% hedging etc etc, but standing aside for now

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bg99
Posted on: Apr 24 2020, 11:29 AM


Group: Member
Posts: 191

https://www.asx.com.au/asxpdf/20200424/pdf/...6wqsq3bmfb5.pdf
Very small dataset, but maybe some hope here for acute covid19 patients ... up 25%
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bg99
Posted on: Apr 16 2020, 08:26 PM


Group: Member
Posts: 191

Looks a bit violent after further reading, so maybe I should have said... there seems to be a lot of gold thereI spent a bit of time in Kashmir and had some hairy times there, so I know what you are saying
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bg99
Posted on: Apr 16 2020, 01:41 PM


Group: Member
Posts: 191

Very nice drilling results announced todayhttps://www.asx.com.au/asx/share-price-research/company/RSG
Along with recent results from OKU, Mali seems like a good place to be.
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bg99
Posted on: Apr 9 2020, 04:51 PM


Group: Member
Posts: 191

with a fairly large symmetrical triangle concluding, a large move one way or the other should materialise imminently
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  Forum: Macro Factors

bg99
Posted on: Mar 26 2020, 10:10 PM


Group: Member
Posts: 191

low volume and fairly meaningless given the long fall.... exploration ceased but maybe they will find another Callie one day
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bg99
Posted on: Feb 21 2020, 08:19 AM


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Posts: 191

I bailed on these long ago, but this makes for interesting reading
https://www.kitco.com/news/2020-02-20/Bill-...tion-ponds.html
...... it increases the chances of offtake or a takeover for LKE
ps gold up a further 34.36 in $Au overnight biggrin.gif
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bg99
Posted on: Feb 13 2020, 06:34 PM


Group: Member
Posts: 191

the dividend of 7c is a 100% increase on the two previous interim dividends ..... not bad
see https://www.marketindex.com.au/asx/evn
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bg99
Posted on: Feb 13 2020, 01:52 PM


Group: Member
Posts: 191

yep for me too..... very disappointing results from PRX, must be why SBM bailed out

am not having much luck with the specs.... medium-large size faring much better
one speccy am interested in is OKU, latest results excellent and top 20 holders has some big names in there, is in Mali though like RSG which holds some risk with terrorist activity though
haven't bought any yet but shows promise
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bg99
Posted on: Feb 1 2020, 08:09 AM


Group: Member
Posts: 191

Yes sleep apnea is a growing business for sure, just be aware they have significant competition... I have a Phillips machine and love it as do others I know..... also RMD is on a PE of 62x !
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bg99
Posted on: Feb 1 2020, 07:59 AM


Group: Member
Posts: 191

yep, you are right high rises aren't a good idea in California (but then look at Tokyo with their high tech flexi high rises), I was meaning more in general for California,,, am fairly certain they use a lot of concrete in their extensive freeway network, but certainly for high rises in safer geological areas
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bg99
Posted on: Feb 1 2020, 07:50 AM


Group: Member
Posts: 191

Isnt that what EDE's products are meant to be able to achieve though, it should be able to either a) make something stronger etc and/or b) reduce the amount of concrete used in any project
A mate of mine who has worked on stadium builds, hospitals etc thinks it could be very beneficial in multi-storey high rise builds...... by reducing the thickness of each floor you can either raise
the ceiling height or add more floors. Thus I would have thought a state like California should be very interested.
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bg99
Posted on: Jan 31 2020, 07:14 AM


Group: Member
Posts: 191

QUOTE
Panoramic Resources Limited (ASX:PAN, “Panoramic” or the “Company”) advises of an
updated short-term production outlook for the Savannah Nickel Mine.
Total FY20 production is now expected to be 5.2 - 5.6kt contained nickel, 3.4 - 3.7kt contained
copper and 280 - 320t contained cobalt. This compares with previous guidance of 7.0 - 7.5kt
contained nickel, 4.5 - 5.0kt contained copper and 400 - 450t contained cobalt (see Panoramic
ASX release dated 25 November 2019) and 1H FY20 actual production of approximately 2.38kt
contained nickel, 1.55kt contained copper and 119t contained cobalt.
The revised FY20 outlook is predominantly attributable to lower 2H FY20 expectations driven
by revised mining contract equipment mobilisation timing and forecast personnel ramp-up, and
further revised scheduling for mining of Savannah remnant ores.


Hmm.. makes the recent IGO offer look rather ambitious, the one thing in their favour is that they have a fair bit of hedging in place, which may enable them to still start Savannah if the nickel price remains soft
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bg99
Posted on: Jan 23 2020, 07:38 AM


Group: Member
Posts: 191

Just had a read and have to agree with your conclusions......... I would have thought the ventilation improvements would have made more of a difference to forecasts
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bg99
Posted on: Jan 22 2020, 05:28 AM


Group: Member
Posts: 191

Makes for good reading Mick

I liked pg 9 of recent PRU quarterly, Yaoure should add 230k oz per year if you do the maths when it comes online, current production from half year from would be 270k oz
SBM should be re-rated if they sort out their ventilation issues which is due to be sorted around March (this could change though of course)

Anyway some good gold news out there
Cheers
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bg99
Posted on: Dec 9 2019, 09:37 AM


Group: Member
Posts: 191

its LEGged it ... now 10c

QUOTE

Legend Discovers Massive Nickel-Copper Sulphides at Rockford
• Diamond drillhole RKDD007 returns intersection of:
14.9m @ 1.07% Ni, 0.75% Cu, 0.06% Co from 114m
Incl. 2.1m @ 2.03% Ni, 1.34% Cu, 0.11% Co from 115.5m
• The 14.9m sulphide zone occurs within a larger 70.15m disseminated sulphide
halo – suggesting the presence of a large mineralised system
• The 70.15m disseminated sulphide halo starts at 76m below the surface and
is open in all directions
• Assays pending for 40.15m of disseminated sulphide halo
• Area D has been renamed ‘Mawson’
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bg99
Posted on: Dec 9 2019, 09:13 AM


Group: Member
Posts: 191

agreed.... have taken just a small poke at it, hoping for a piece of xmas crackling
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bg99
Posted on: Dec 9 2019, 07:38 AM


Group: Member
Posts: 191

One for the punters..... with 23.5 m current market cap could be a multi bagger

SOR Behemoth Drilling Begins at Meteorite Impact Project
QUOTE
WESTERN AUSTRALIA, Perth, Dec. 5th, 2019 – Strategic Elements Ltd (ASX: SOR) is pleased to announce that
diamond drilling has begun at the Behemoth project in the remote Gibson desert. At Behemoth, rings of magnetic
material buried beneath the desert (only visible through airborne magnetic surveys) have formed a 12km diameter
unexplained magnetic ring feature. The Company is targeting this highly unusual anomaly for copper, gold and
rare earths.
Most investors in SOR pay no tax on capital gains from selling their SOR shares as the Company operates under a
Federal Government program setup to encourage investment into innovation. More information on the Pooled
Development Program should be read on the Company’s website at www.strategicelements.com.au .
No previous drilling for potential sulphide mineralisation at depth has been undertaken in the remote region,
although surface sampling for diamond exploration in the 1980s revealed anomalous gold in geochemical soil
samples at the surface. The project is part of a frontier exploration effort by the Company in unexplored Western
Australian deserts. There are only a handful of mineral exploration drill holes in an approx. 100,000 km2 area of
desert around the planned Behemoth drill holes.
Two deep diamond drill holes are each being drilled to an approx. depth of 550m with funding assistance from the
Western Australian Government Exploration Incentive Scheme. The drill holes target successful gravity and IP
geophysical surveys conducted by the Company that discovered large scale anomalous zones that are open and
well within modern drilling depths. Drilling is expected to take several weeks depending on water, logistics and
sub-surface conditions. Assays will then be sent for geochemical analysis.

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bg99
Posted on: Nov 26 2019, 09:57 AM


Group: Member
Posts: 191

the price of iron ore doesn't look extended..... it could rally off a recent support level here
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bg99
Posted on: Nov 15 2019, 05:42 PM


Group: Member
Posts: 191

....probably smoked a few spliffs and watched the Doors Mr Mojo Risin
https://www.youtube.com/watch?v=sIySC__q33U
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bg99
Posted on: Oct 21 2019, 05:42 PM


Group: Member
Posts: 191

check out this article Mick, should be OK long term
https://www.sharecafe.com.au/2019/10/21/gwa...arbara-outlook/
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bg99
Posted on: Sep 18 2019, 07:56 AM


Group: Member
Posts: 191

Company directors support foreign investment invasion

https://smallcaps.com.au/chinese-takeover-b...ownership-laws/
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bg99
Posted on: Sep 3 2019, 09:22 PM


Group: Member
Posts: 191

sp is creeping up.... will be real nice if step out drilling at Mauretania gets results like previous intercepts
see https://www.asx.com.au/asxpdf/20190814/pdf/...g9td3sll4bj.pdf
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bg99
Posted on: Sep 3 2019, 09:02 PM


Group: Member
Posts: 191

todays candle suggests a few think its at least a maybe thingy again .... will be interesting to see what happens with Ni price from here
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bg99
Posted on: Sep 2 2019, 10:50 AM


Group: Member
Posts: 191

Nickel up over $8/lb for first time in ages, local stocks up 8-10% so far today.

Also the Ramu mine in PNG just had a big toxic spill in the bay, see https://ecology.iww.org/aggregator/sources/...ot_test=1Should be closed down temporarily at least, PNG govt havent done anything !
  Forum: Macro Factors

bg99
Posted on: Jul 15 2019, 11:01 AM


Group: Member
Posts: 191


nothing in the lower zones either, bad news

https://www.asx.com.au/asxpdf/20190715/pdf/...m2cxfnpqwr2.pdf
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bg99
Posted on: Jul 15 2019, 10:54 AM


Group: Member
Posts: 191

cap raising of 57m shares at 11c to pros and instos only..... about 4% dilution for current investors in coming AGM 14 Nov 18

yes that is a post to say that is not good for investors.... pretty obvious pal
and look at my post back in 2017, where I said a market cap of 370m is too big when there are no ongoing sales
so you can hardly accuse me of ramping, I post as I see it

the market cap is not so large now and they are further down the track than back then, so yes with ticking off approvals they must be a better bet now
yes i dot think they will have much in sales yet, but a spec stocks get valued more on potential..... just look at some of the biotech stocks valuations with no sales..... they dwarf EDE's cap
with a global market of over 17bn for concrete additives, just a slice of that could be very lucrative
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bg99
Posted on: Jul 12 2019, 08:36 AM


Group: Member
Posts: 191


https://www.asx.com.au/asxpdf/20190711/pdf/...k6mwmlvcyj7.pdf

This is great news for EDE. Plus recent announcements of Aust distributor making orders and marketing in India.

Looks like it might have finally turned the corner
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bg99
Posted on: Jun 19 2019, 08:16 PM


Group: Member
Posts: 191

oops this link should work

https://www.asx.com.au/asxpdf/20190618/pdf/...xmlkyyfwdsw.pdf
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bg99
Posted on: Jun 19 2019, 08:12 PM


Group: Member
Posts: 191

More news is coming soon

https://newswire.iguana2.com/af5f4d73c1a54a...lling_Commenced
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bg99
Posted on: May 18 2019, 11:36 AM


Group: Member
Posts: 191

Plenty of promise here..... Callie is a big mine and IGO have farmed in on their Lake Mackay nickel prospects too.

https://thewest.com.au/business/mining/newm...-ng-b881201272z
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bg99
Posted on: May 11 2019, 03:39 PM


Group: Member
Posts: 191

MC now $407m, that is a big jump in 2 weeks on no news.
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bg99
Posted on: Apr 26 2019, 03:18 PM


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Posts: 191

underpaying staff and price gouging customers on ticket prices.... happened to me the one and only time I booked with them..... was suss about it but needed complex travel in a hurry
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bg99
Posted on: Mar 28 2019, 07:57 AM


Group: Member
Posts: 191

Morgan Stanley must think DRM is getting a good deal.... buying up over recent days..... hopefully not to short the stock though
https://newswire.iguana2.com/af5f4d73c1a54a..._holder_from_MS

Also I had a DRM rep ring me who was very strong minded in telling me to vote yes...... which I was going to anyway
You are right in that often things dont go as expected so will be interesting to see how it goes
  Forum: By Share Code

bg99
Posted on: Mar 28 2019, 07:35 AM


Group: Member
Posts: 191

good to see you are all checking things like this out ...... climate change is really beginning to sting the pockets of those in the path of natures increased ferocity

see economic estimates of Veronica for example
https://www.abc.net.au/news/2019-03-25/cycl...ooding/10934836
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bg99
Posted on: Mar 21 2019, 09:10 AM


Group: Member
Posts: 191

Looks like a picture of a good flood-plain for cyclone season........ maybe the workers as well as the investors will be called gumboots !
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bg99
Posted on: Nov 27 2018, 06:52 AM


Group: Member
Posts: 191

do the opposite then
  Forum: Macro Factors

bg99
Posted on: Nov 21 2018, 09:54 AM


Group: Member
Posts: 191

The 50 dma on SP500 is now below the 200dma for the first time since late March 2016. The gap overnight is also of concern. Am not saying that it will but accelerating corrections or crashes often look like this.
  Forum: Investment Discussion

bg99
Posted on: Nov 9 2018, 05:26 PM


Group: Member
Posts: 191

Jeez ....

whatever happened to

"we look forward to making updates as we reach important milestones"

quote from announcement Oct 23rd.

There should have been something as they went through the first expected oil bearing zone, not one announcement at the end of the drill.




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bg99
Posted on: Oct 20 2018, 06:48 AM


Group: Member
Posts: 191

cap raising of 57m shares at 11c to pros and instos only..... about 4% dilution for current investors in coming AGM 14 Nov
  Forum: By Share Code

bg99
Posted on: Oct 19 2018, 06:19 AM


Group: Member
Posts: 191

Results from probably their largest test look promising, hopefully sales start moving soon given recent test results

https://www.asx.com.au/asxpdf/20181018/pdf/...cjw3q662482.pdf
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bg99
Posted on: Oct 12 2018, 09:57 AM


Group: Member
Posts: 191

Shame PAN didnt own the gold rights (Goldfields) and are about to sell Lanfranchi to Black Moumtain Metals.
Goldfields are definetely closest by, I hold some MCR and didnt know about IGO
Have searched this quite a bit and couldn't come up with any others
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bg99
Posted on: Oct 12 2018, 09:14 AM


Group: Member
Posts: 191

See attached chart.... 3 major waves up since the GFC bottom, then devils forked tongue top.... notice how other major crashes have the right side of the tongue slightly higher than the left. Will be a long time before markets reach this level again. First possible major support for a bounce to have more than 3 waves is 155 level.

Oops chart is attached now.
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bg99
Posted on: Oct 10 2018, 02:55 PM


Group: Member
Posts: 191

Massive volume gone through today, something is afoot. I remember that Trump delayed plans in May for infrastructure spending to Nov, which is fast approaching.
EDE would probably benefit as likely spending would include roads, bridges, buildings etc. Just speculation on my part, nothing more.
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bg99
Posted on: Oct 4 2018, 11:19 PM


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Posts: 191


This one is worth a look see
https://www.asx.com.au/asxpdf/20181004/pdf/...yw67z4twsq9.pdf
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bg99
Posted on: Oct 4 2018, 09:26 AM


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Posts: 191

They should expand the Royal Commissions to securities trading. This shorting racket has turned the markets into a casino and ASIC is a toothless tiger.... their replies just say.... we will look into this but will not disclose any information to you as this would disrupt an orderly market. So no one ever knows if they have done anything !
There should be trading constraints put on these shorters..... ie if you buy more than 5% of a companies stock in 6 months you must hold 50% of that volume for 12 months minimum.
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bg99
Posted on: Sep 22 2018, 07:47 AM


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Posts: 191

Not long until drilling now Samo now...... time running out if you want to punt on this one, sp up 50% from 6 months ago

https://www.asx.com.au/asxpdf/20180913/pdf/...9dz9mmcfg01.pdf
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bg99
Posted on: Sep 22 2018, 07:23 AM


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Posts: 191

Big dilution coming for AIS shareholders .... cap raising 20c/share for 175m shares current no shares 280m... price down from current 32c/share

https://www.asx.com.au/asxpdf/20180921/pdf/...jdgqx12kj3p.pdf
https://www.asx.com.au/asxpdf/20180921/pdf/...jdrx5xhtpgr.pdf

All is not lost with diluted EPS of 15c/share though
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bg99
Posted on: Sep 12 2018, 07:42 PM


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Posts: 191

https://smallcaps.com.au/rnc-minerals-spect...light-kambalda/

some happy chappys after digging up these monsters

get drilling MCR
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bg99
Posted on: Aug 17 2018, 07:22 PM


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Posts: 191

a bit surprising given the floundering nickel price ........ they will all struggle unless demand and price improves
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bg99
Posted on: Jul 27 2018, 05:52 PM


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Posts: 191

You have done well...it pretty much got to your valuation NPH. !
I was out and should have been watching todau, but am probably just going to hold my lot and hope they run a decent drilling campaign.
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bg99
Posted on: Jul 27 2018, 08:56 AM


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Posts: 191

Thanks for that NPH

I got the market cap wrong though. Number of shares fully diluted for convertible notes and incentive options is actually 467m shares.
Multiplied by closing share price 0.215 gives a current MC of $100m.
Also their FY19 is this FY not next...... so drilling should start in next 6 months at Torrens, not in 12-18 months per my previous post.








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bg99
Posted on: Jul 26 2018, 04:42 PM


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Posts: 191

ARE/AIS both on the hop.... would be due to ann from the 17/7 I would expect

https://newswire.iguana2.com/af5f4d73c1a54a...FIED_AT_TORRENS

According to the AIS Company update

https://newswire.iguana2.com/af5f4d73c1a54a..._COMPANY_UPDATE

drilling is still at least a year away though "quote"

• Drilling to commence in first half of FY19:
– Staged drill campaign
– Stage 1 drill program targeting 8-10 priority targets
– 20-30 holes 700m to 1500m below surface
– 18-24 month program
– Drill results to be released periodically– Aeris FY19 budget of A$3.5m (total JV budget
A$5m)

with AIS market cap $49m (70% ownership) and ARE $35m (30%), these could end up being 10 baggers over a few years.......as usual dyor
  Forum: By Share Code

bg99
Posted on: Jul 17 2018, 09:27 PM


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Posts: 191

those initial hedging prices are fine, can make a profit with those....lets hope actual prices start rebounding once all this tariff hoohaa dies down
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bg99
Posted on: Jun 29 2018, 01:42 PM


Group: Member
Posts: 191

New offtake agreement for Savannah when it re-opens

https://newswire.iguana2.com/af5f4d73c1a54a...nt_for_Savannah

includes the following

The general terms and conditions of the new Agreement are as follows:
• Product – sulphide concentrate with a typical specification of 8% Ni, 4.5% Cu, 0.6% Co, 46% Fe, <1.0% MgO;
• Quantity (in-bulk) – 100% of production from the Savannah Project;
• Load Port – Wyndham, Western Australia;
• Payable metals – Ni, Cu and Co;
• Price basis – agreed % of LME cash price for Ni and Cu and agreed % of Metal Bulletin Co price; and
• Life of new contract - 4 years commencing from the date of the first shipment or 31 March 2019, whichever occurs first.

Don't they have to disclose what the agreed % of prices are ?
  Forum: By Share Code

bg99
Posted on: May 17 2018, 08:34 AM


Group: Member
Posts: 191

I think you are being a bit rude mullokintyre ......... just because no one else is posting on this stock.... doesn't mean he is a ramper
I would be more concerned about the MNS type of gang style chatter.... though I think blacksheep posts with good intentions generally.
I say that as he gets concerned about being seen making recommendations, but we are all adults and make our decisions so I think anyone
is free to post what they like, we are all responsible to take what we read and act on our own judgement.
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bg99
Posted on: May 14 2018, 05:05 PM


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Posts: 191

MCR might be heading for a "cup of tea" break
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bg99
Posted on: May 14 2018, 04:56 PM


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Posts: 191

thanks Blacksheep, I picked some up in the low 6's after checking your post..... agree it looks like a good bet coming off the 100% fib retrace
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bg99
Posted on: Mar 28 2018, 07:07 AM


Group: Member
Posts: 191

OZL must really like AVB to offer such a good premium to the sp....... a fund manager on "The Business" last night said he thought it was a good deal for OZL, despite increasing their risk profile (being in Brazil)
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bg99
Posted on: Mar 8 2018, 01:33 PM


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Posts: 191


Anyone else have shares in this debacle ? Over on hotcopper there seems to be a mixed reaction to it all. I cant help thinking that this is pure negligence for the HAO board not to report in a format that has been designated by the regulators (ASX), or at least amend their reports as to how ASX requests. Then to suggest they relist on some offbeat secondary trading board is clearly not in shareholders interests. Shareholders bought shares in this company, fully expecting they comply and report to the regulations of that exchange. To not do so is irrational and unfair in the extreme to shareholders. Removal of the board or class actions (against the HAO board) seems like the only way forward as they seem as stubborn as an ox as to not comply with the ASX. Anyone had experience with either actions and could recommend a good way to go ?
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bg99
Posted on: Mar 5 2018, 07:52 AM


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Posts: 191

Some serious drilling commitments from SBM and NST

http://www.abc.net.au/news/2018-03-04/aust...overies/9495184
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bg99
Posted on: Feb 19 2018, 11:43 AM


Group: Member
Posts: 191

cap raising back on

https://newswire.iguana2.com/af5f4d73c1a54a...DE_Trading_Halt
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bg99
Posted on: Feb 19 2018, 11:37 AM


Group: Member
Posts: 191

good news for ARE/AIS

https://newswire.iguana2.com/af5f4d73c1a54a...ROJECT_RECEIVED
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bg99
Posted on: Jan 25 2018, 08:08 AM


Group: Member
Posts: 191

1:7 rights offer at 34c, some strong buying yesterday suggested they might not fall back to that price
https://newswire.iguana2.com/af5f4d73c1a54a...titlement_Offer

also the nickel price went up over 4% last night
gold, oil and copper also up
  Forum: By Share Code

bg99
Posted on: Jan 12 2018, 08:46 AM


Group: Member
Posts: 191

Looks like progress being made and production not far off

https://newswire.iguana2.com/af5f4d73c1a54a...on_this_Quarter
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bg99
Posted on: Jan 3 2018, 01:34 PM


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Posts: 191

PRU responding nicely to gold price rise now.... DRM showing some good signs today too
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bg99
Posted on: Jan 3 2018, 01:33 PM


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Posts: 191

PRU responding nicely to gold price rise now.... DRM showing some good signs today too
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bg99
Posted on: Jan 3 2018, 01:26 PM


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Posts: 191

inching up towards some POSitive results to come hopefully
https://newswire.iguana2.com/af5f4d73c1a54a...Lithium_Project
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bg99
Posted on: Dec 29 2017, 04:39 PM


Group: Member
Posts: 191

Have held this dog too long, but some interest with volume today, time will tell if any substance comes from latest claims
https://newswire.iguana2.com/af5f4d73c1a54a...l_Prospectivity
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bg99
Posted on: Dec 29 2017, 04:32 PM


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Posts: 191

A good question Triage and one that highlights how much work is yet to be done and where prices of the metals used in renewables is going.
Coal, nuclear or diesel is not an option for environmental sustainability. Gas is better as long as they dont screw the groundwater up with fracking.
The way I see it from a meteorological perspective, hydro should be the main player in the tropics and deep mid=latitudes.
In the sub-tropics and lower mid-latitudes solar and wind. Batteries for all power storage and grid stabilisation, but working in isolation too eg out at the mines and other remote locations

BHP and OZL etc talked about it when the SA power got knocked out by a tornado taking out the main powerline. They said they cant do business in the state without an affordable, reliable power supply. BHP can afford to make their own... don't know why they haven't started ? But thats why the SA govt started doing something to be less dependent on east coast power Everyone will need to follow suit because reliance on one powerline is to be very vulnerable. We should be generating power all over the place.... bit like the blockchain theory. It can be sorted out, it just needs 21st century thinking, when there has been more of 19th or 20th. These companies that produce the metals will have to be powered up, otherwise it all goes nowhere and we will all be in the dark.

As for this area a lot of interest is going on there. As well as CLQ, there is AUZ, CLL and now HLX are making some claims.
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bg99
Posted on: Dec 23 2017, 07:43 AM


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Posts: 191

Agree !
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bg99
Posted on: Dec 22 2017, 03:26 PM


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Posts: 191

Didnt quite do it on that day Arty, but today I say True.... big volume to boot I
  Forum: By Share Code

bg99
Posted on: Dec 22 2017, 08:19 AM


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Posts: 191

Been some buying back into gold stocks lately...... SBM well in overbought territory but could keep going if it takes out 3.75, will be interesting to see what happens here
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bg99
Posted on: Dec 7 2017, 09:43 PM


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Posts: 191


certainly is....... no vwap over 5 days though....... issuing at 10c/share 1:3 to general shareholders

https://newswire.iguana2.com/af5f4d73c1a54a...Capital_Raising

  Forum: By Share Code

bg99
Posted on: Dec 5 2017, 10:30 AM


Group: Member
Posts: 191

someone yesterday liked the news.... ARE sitting just under resistance of 34c now
AIS pushed through resistance at 0.085 but with a bit of a gap today..... 70% owner of main Torrens permit
bit of excitement in RXM too..... SA copper explorers getting a bit of interest

couldn't get image attachment to work so will have to check your own charts
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bg99
Posted on: Dec 5 2017, 09:41 AM


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Posts: 191

probably a capital raising
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bg99
Posted on: Dec 4 2017, 08:19 AM


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Posts: 191

Share price has taken off after announcing its after lithium in Namibia (like TAW)

https://newswire.iguana2.com/af5f4d73c1a54a...oved_In_Namibia
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bg99
Posted on: Nov 29 2017, 09:48 PM


Group: Member
Posts: 191

2nd approval for Torrens granted

https://newswire.iguana2.com/af5f4d73c1a54a...pproval_Granted

Figure 2 is good for the imagination !
  Forum: By Share Code

bg99
Posted on: Nov 27 2017, 11:27 AM


Group: Member
Posts: 191

applicants scaled back to 46.5% of placement shares

https://newswire.iguana2.com/af5f4d73c1a54a..._oversubscribed

have to subscribe again for free oppies .... unusual

SP back to 11c
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bg99
Posted on: Nov 23 2017, 10:42 AM


Group: Member
Posts: 191

agree with his analysis but also your comment yesterday about an update needed soon...... its make or break time
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bg99
Posted on: Nov 23 2017, 10:00 AM


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Posts: 191


My sentiments exactly...... thought you would appreciate that. This case is so obvious and I got caught in it, so my humour is a bit dented.
Yes I dont follow HC for those reasons, though I could be seen as a HCerite given I posted some favourable posts on their prospects, as
I will trade spec stocks. Looks as risky as ever to do so though. I dont see how a JORC graphite resource can be defined on just 6 drill holes either.
  Forum: By Share Code

bg99
Posted on: Nov 23 2017, 09:13 AM


Group: Member
Posts: 191


ASIC have acknowledeged my complaints, but have said they cant ever disclose any information to me about investigations as this could disrupt an orderly market.

I guess the only way to really know what punitive actions might occur would be to take legal action....... we are certainly still miles away from orderly markets based on this stock.
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bg99
Posted on: Nov 13 2017, 03:21 PM


Group: Member
Posts: 191

flogged mine at 17.5c this morning, didn't like yesterdays shooting star candle..... very good trade

also was deliberating about buying QBL this morning just based on the chart pattern but didn't.... which makes a 1-1 scoreline for the day

have sent in a letter online to ASIC about that dodgy african stock, will see what happens .... good to see the one next door up today
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bg99
Posted on: Nov 13 2017, 09:31 AM


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Posts: 191

like the skipper of the Costa Concordia
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bg99
Posted on: Nov 10 2017, 02:07 PM


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Posts: 191

new high today.... up 16%
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bg99
Posted on: Nov 9 2017, 07:42 AM


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Posts: 191

broken out strongly from a triple bottom on heavy volume... may pull back a bit, but plenty of potential here

Worth a read
https://newswire.iguana2.com/af5f4d73c1a54a..._September_2017
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bg99
Posted on: Nov 9 2017, 07:30 AM


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Posts: 191

starting from a low base.... market cap still only $11m
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bg99
Posted on: Nov 2 2017, 03:32 PM


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Posts: 191

another one on the tear...... currently drilling for gold at Higginsville
a lot of projects in the pipeline for ARE, the Torrens project is their big sleeper
DYOR.... mine stinks with MUS
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bg99
Posted on: Nov 2 2017, 03:26 PM


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Posts: 191

Nearly double that placement price already, up 12% today..... this is a big resource if the economics stack up with upcoming feasibility studies
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bg99
Posted on: Nov 2 2017, 03:11 PM


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Posts: 191

will see what ASIC has to say
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bg99
Posted on: Nov 1 2017, 09:35 PM


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Posts: 191

A rotten debacle, this company will never have any credibility.... might as well have put gravel out to tender.
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bg99
Posted on: Oct 31 2017, 10:39 AM


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Posts: 191

up and up

here is response to ASX query

https://newswire.iguana2.com/af5f4d73c1a54a...ASX_Price_Query
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bg99
Posted on: Oct 31 2017, 07:12 AM


Group: Member
Posts: 191

Yes that makes for grim reading BS....... I think there is fat chance of the auction saving this going from that article... some serious questions will have to be answered.
If the quality of rubies and auction were on par with prices from the last Gemfields auction it would have been fine, (which they were sprouting in previous announcements) but it looks like investors have been duped. Announcements re graphite JORC resource keep getting delayed so that may end up being a farce too. I got in low.... but may lose all, probably serves me right for playing with minnows in Africa.
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bg99
Posted on: Oct 30 2017, 04:42 PM


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Posts: 191

Ooh shite ..... am not happy about this.
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bg99
Posted on: Oct 26 2017, 05:02 PM


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Posts: 191

Yes am still holding Duster, planned to stay in for awhile..... not great at working out likely values for this but its early days I guess..... sounded promising to me so glad you think there is plenty more upside. Lets see how they will go about this CR.
  Forum: By Share Code

bg99
Posted on: Oct 18 2017, 06:53 AM


Group: Member
Posts: 191

Looking at building stock lists........ please add to list

NIckel

IGO, WSA, MCR, PAN, MLX, ARL, POS, HAO, GME, HIG, EMU

Mainly Cobalt

EUC, AUZ, LFR, CLA, PGM

Cheers
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bg99
Posted on: Oct 17 2017, 01:09 PM


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Posts: 191

that turned out to be a star post nipper !.. hope you got some
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bg99
Posted on: Oct 12 2017, 10:03 AM


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Posts: 191

Yes, well I agree there is always a reasonable potential for some things to go wrong with a big operation like this. But I think the future is big for graphite in batteries (double the power density of lithium cobalt..... the highest of the lithium batteries) and SYR look to have a jump on the pack... for now at least. So I normally like to back something like this knowing the risks. By all means would want to know if something is going wrong too. As for the shorters I am not sure that they know more than anyone else..... I also hold and like WSA which are heavily shorted and the price is doing very well...... dont hold but note that ORE are doing well too and you have pointed out they are high on the shorters list too. Its interesting to know what the shorters are doing though.

I am a big fan of renewables, batteries etc..... have thought for many years its what we need to do. Finally the investment community is getting on board what scientists have been saying now for decades is needed to save the planet (and also not to be kept in the dark by having centrally controlled power grids). I'm quite excited about it, I think the community as a whole and more recently and very importantly investors are getting on board (some who are also trying to running businesses that want more certainty over cheap and reliable power, not being controlled by some central power monger entity thousands of kms away) are now going to beat the dinosaur brained politicians and back the best technologies to a much brighter future. Cheers BS
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bg99
Posted on: Oct 11 2017, 05:55 PM


Group: Member
Posts: 191

I'm sensing now is the time to stay on board SYR Blacksheep, I think its not long now before it gallops up and takes out the previous high easily
The FA is all out there why that could happen, and my TA that says this will be a goer...... dont care if I'm called a ramper or am wrong, am happy to stick my neck out occasionally
Disc: Dont have a huge holding but enough to make some good dough if I'm right
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bg99
Posted on: Oct 10 2017, 12:34 PM


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Posts: 191

No shortage of rubies......

https://newswire.iguana2.com/af5f4d73c1a54a...cession_Granted

Still waiting for maiden graphite resource
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bg99
Posted on: Oct 5 2017, 10:04 AM


Group: Member
Posts: 191

Up 20% upon coming back on the board
Extra funding for NY lithium gigafactory which MNS has a 30% stake of
https://newswire.iguana2.com/af5f4d73c1a54a...unding_Packages.

This could be good PLL too as North Carolina is ust a couple of states from NY
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bg99
Posted on: Oct 5 2017, 09:42 AM


Group: Member
Posts: 191

Announcement today https://newswire.iguana2.com/af5f4d73c1a54a...tone_Formations
is reason given for sp surge as per discussion in DEG ...... note ARV in the mix too
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bg99
Posted on: Oct 4 2017, 08:10 PM


Group: Member
Posts: 191

with chart for previous post
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bg99
Posted on: Oct 4 2017, 08:06 PM


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Posts: 191

possible good 21-200 DMA crossover.... bullish signs
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bg99
Posted on: Oct 4 2017, 07:53 PM


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Posts: 191

On the move.... who mentioned it here recently?.... was not under a PLL forum. Thanks for the heads up..... bought some after reading your post and a little homework.
Not sure how far they are heading though.... any thoughts ? From reading it sounds like the best lithium area inside USA.
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bg99
Posted on: Oct 2 2017, 05:29 PM


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Posts: 191

DEG has taken off.... good luck to anyone who bought in low.

Only found this due to a move in HAO.... which i did buy recently for a dark horse punt. It has exercised 5m shares in DEG....... which doesnt explain the full rise in their price by any means, but they have other stuff going on with AGO and CAI and may have a lead on some platinum and should have plenty of nickel in the ground.
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bg99
Posted on: Sep 26 2017, 10:38 PM


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Posts: 191

That is very sad and bad news..... poor guy....lets hope security is improved.
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bg99
Posted on: Sep 20 2017, 02:26 PM


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Posts: 191

It sucks for us holders alright...... when will shareholders ever get the real truth in announcements ??? ....never
However my charting bones say the sp will be well north of here by years end, dont ask me for logic on this, its just how I read the chart.... time will tell
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bg99
Posted on: Sep 14 2017, 08:41 AM


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Posts: 191

Doing well with the ruby production

https://newswire.iguana2.com/af5f4d73c1a54a..._Auction_Target

If there is a decent graphite resource here.... maybe they can fund developments with the proceeds from the rubies rather than with lots capital raisings
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bg99
Posted on: Sep 4 2017, 12:02 PM


Group: Member
Posts: 191

16/17 results were very poor see https://newswire.iguana2.com/af5f4d73c1a54a...esults_Overview

SP gapped up today probably due to stated NTA

The Company’s net assets as at 30 June 2017 were $715.3 million or $0.69 per share after taking into account
interest bearing liabilities of $18.2 million.
Looking to the future, Group gold production in the 12 months to June 2018 is forecast to increase to 250-
285,000 ounces, from 2017 production of 176,218 ounces. The projected increase is driven by higher output at
Edikan, together with the commencement of production at Sissingué, which is scheduled to produce its first
gold in the March 2018 quarter. Together, the two sites are expected to deliver a reduction in Group all-in site
costs to US$950-1,100/ounce in 2018, from US$1,324/ounce in 2017.

If they can meet this forecast AISC for 2018, (2017 AISC is about the current gold price).... and gold goes up these are looking cheap
  Forum: By Share Code

bg99
Posted on: Sep 4 2017, 11:41 AM


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Posts: 191

Mustang Resources (ASX: MUS) is pleased to announce that preparations for the maiden
auction of its rubies in October are firmly on track, with its inventory rising to 176,522 carats.
The latest increase follows a record month of production in August, during which the plant at
the Montepuez project in Mozambique delivered 15,613 carats from the 34,561 tonnes
processed.
The successful ramp-up of the processing plant means Mustang is comfortably within reach
of its 200,000-carat target for its inaugural rough ruby tender, which is scheduled for 27 - 30
October 2017 in Port Louis, Republic of Mauritius.
Mustang Managing Director Christiaan Jordaan said the Company had also received strong
inquiries and support from the industry in respect of the tender.
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bg99
Posted on: Sep 4 2017, 09:49 AM


Group: Member
Posts: 191

Costco popular amongst even some wealthy folk i know in the US.....as for BCF well your mate knows his fishing, even the small stores which nearly always give the best service can compete easy with these guys
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bg99
Posted on: Aug 31 2017, 04:04 PM


Group: Member
Posts: 191

Will be interesting to see how these stocks go in the longer term.... good potential IMHO for Ni and Cu given where batteries and renewable energy future should go
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bg99
Posted on: Aug 30 2017, 08:56 AM


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Posts: 191

Yeah thanks for the info and the warning Blacksheep..... I use technical analysis quite heavily on any of my trading decisions to try to ward off any false information ("fake news" might become the new dictionary term !) that I might come across, so wouldn't try to hold you or anyone else accountable for my wins or losses. Mind you if it is obvious crap I would say something. At the end of the day we all have to make our own decisions, but am always glad for anyone genuinely trying to post useful info as you seem to. Have never used a broker recommendation as a reason to buy or sell. As you say he has put a lot of time and effort into the report, so am interested to read and at the very least might learn a bit more about the graphite industry. Cheers
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bg99
Posted on: Aug 29 2017, 09:10 AM


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Posts: 191

That is some research report.. thanks Blacksheep will take the time to digest the details
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bg99
Posted on: Aug 22 2017, 05:26 PM


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Posts: 191

bit of interest came back today....... maiden JORC resource due in September according to one of their presentations......am hoping that will be good
If all the rubies sell in Oct that should put a bed under the current share price regardless
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bg99
Posted on: Aug 22 2017, 08:45 AM


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Posts: 191

TAS sp on the slide..... EDE just on support, might not bode well for EDE, its next decent support down around 9.5c
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bg99
Posted on: Aug 17 2017, 02:29 PM


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Posts: 191

Over the long term (last 5 years) the chart seems to bounce off around this level, so it might be worth a shot... I bought some today

The following page shows an interesting graph of Battery Type vs Power Density

http://internationallithium.com/why-lithium-batteries/

Having read that simonnoble pdf you posted (thankyou very much) seems that graphite has about double the power density of the best of the others (pg 25) and silicon has it's problems
so Im thinking that graphite has a big future

No doubt the others have a good future too.... but a good chance graphite/graphene could lead the pack
MUS is next door to SYR and is more focussed on rubies for the time being but that could be a sleeper too
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bg99
Posted on: Aug 17 2017, 12:46 PM


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Posts: 191

OMH going for quite a run on their results from NT.... they also own a large mine in South Africe they took over from the delisted JMS
MZM has got large inferred resources if looking for a speccie punt
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bg99
Posted on: Aug 1 2017, 09:47 AM


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Posts: 191

Every chance they are investors from the US (with the other base being in Seattle)...... so they definetely could not have SMSFs and I imagine trust accounts based in Aust (though I don't know anything about trust laws)
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bg99
Posted on: Jul 31 2017, 03:20 PM


Group: Member
Posts: 191

some heavy price action today on recent investor presentations see http://www.marketindex.com.au/asx/bud
am free carried now on this one..... you are a good BUD Arty
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bg99
Posted on: Jul 16 2017, 12:19 PM


Group: Member
Posts: 191

Quote from http://www.miningbusiness.net/content/gemf...8m-ruby-auction

" SINGAPORE, Jun 15
Facing 2 takeovers, Fabergé owner Gemfields has grossed a record $US54.8M at a Singapore rough ruby auction, an all-time high for any Gemfields auction.
895,848cts of rubies from its 75%-owned Montepuez mine in Mozambique, were sold from a total 1.04Mcts at an average $61.13ct. The 8 Montepuez auctions held since June 2014 have generated $280.5M.
Earlier this week, China's Fosun Int’l joined Pallinghurst Resources, Gemfields’ largest shareholder, in bidding for the UK company, which also has 75% of an emeralds/amethysts operation in Zambia. "

At this price the planned auction in Oct for MUS for 200000ct would gross US$12.2m
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bg99
Posted on: Jul 16 2017, 10:44 AM


Group: Member
Posts: 191

There are plenty of challenges in this area though..... one will be
http://www.abc.net.au/news/2017-07-16/crow...attacks/8711312
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bg99
Posted on: Jul 15 2017, 04:00 PM


Group: Member
Posts: 191

Nice one Arty, thanks to you I got in on this under 8c and am not selling...... like the look of the ventures, directors etc....am willing to see where this goes
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bg99
Posted on: Apr 28 2017, 03:36 PM


Group: Member
Posts: 191

ouch..... there goes my profit on this one, GEM (next door) sold $225m of rough rubies in last 4 years though so its not the end of the world for MUS
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bg99
Posted on: Mar 30 2017, 08:19 AM


Group: Member
Posts: 191

you are the one that dragged it into a racist discussion boy..... yep you showed how racist you are
  Forum: Investment Discussion

bg99
Posted on: Mar 29 2017, 01:08 PM


Group: Member
Posts: 191

I see your true colour... shining through
  Forum: Investment Discussion

bg99
Posted on: Mar 29 2017, 12:52 PM


Group: Member
Posts: 191

haha .... thats a funny post, looks the spring is being wound up at least, gotta like the latest anns
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bg99
Posted on: Mar 28 2017, 02:38 PM


Group: Member
Posts: 191

I doubt that will work, it's all about scale.... the scale of the Chinese population and economy dwarfs Australias..... the overcrowding in China will just be transferred to here..... having lots of money or assets based here will get you into the country. I dont care where you come from and arent about to turn this into another "racist" discussion..... but the reality is I dont want to see our cities turned into the overgrown smog bound cities that abound in China. Prices will keep going up whilst the demand increases..... the markets will never stay oversupplied for long with a world pop of 7bn
  Forum: Investment Discussion

bg99
Posted on: Mar 25 2017, 08:57 AM


Group: Member
Posts: 191

Referring to the article below I can only conclude that this country is being run by dumb and dumber or scheist and scheister

How does cracking down on investor loans here stop foreign buyers of Australian property, they dont fund their purchases from here. Either Scott Morrison is as thick as two planks or
he is quite happy to keep letting the country being taken over. Comments from TBull last night in the media strongly suggest the latter, in fact he was encouraging it. The govt will sell all to the highest bidder. Sometimes Trump looks smart compared to our scheisters, the children of Australia wont stand a chance of owning homes against the China flood without due protection.

http://www.theage.com.au/federal-politics/...324-gv5sx1.html



  Forum: Investment Discussion

bg99
Posted on: Mar 24 2017, 01:01 PM


Group: Member
Posts: 191

maybe deals lurking with China's Premier here ????
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bg99
Posted on: Mar 15 2017, 02:05 PM


Group: Member
Posts: 191

coming down off a big high, cheech and chong wouldnt stand for this..... mxc gonna raise some cash on the high
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bg99
Posted on: Mar 13 2017, 03:17 PM


Group: Member
Posts: 191

From reading a few articles, the estimated global market worth $50bn by end of 2018 and current US sales for the last 12 months was $6bn. Current market cap worth of your Oz stocks list today is approximately $0.5bn. Cant believe everything you read but if so still makes todays prices look cheap.
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bg99
Posted on: Mar 9 2017, 04:49 PM


Group: Member
Posts: 191

The arty guys always seem to know where to get pot ! thanks for the list
Put in a big order at 0.11 this morning and just missed out.. doh had to settle for less at 0.13
Like the look of ESE, if their technology works it could save a lot of costs
Certainly a big "growth" market
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bg99
Posted on: Mar 9 2017, 04:39 PM


Group: Member
Posts: 191

another good announcement today to go with the graphene one a few days ago...... SYR price seems to be quite affected by the competition on graphene
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bg99
Posted on: Mar 9 2017, 02:04 PM


Group: Member
Posts: 191

Yes usual story on announcement.... accumulate in the 0.06's and there will be a very handsome reward in the long term I reckon
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bg99
Posted on: Mar 6 2017, 06:52 PM


Group: Member
Posts: 191

Trading a bit high today on decent vol given 0.077 placement, might bode well for post issue
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bg99
Posted on: Jan 28 2017, 08:00 AM


Group: Member
Posts: 191

Yep, well $370m is a pretty big market cap when no real ongoing sales figures have come to light
  Forum: By Share Code

bg99
Posted on: Jan 27 2017, 03:36 PM


Group: Member
Posts: 191

taking off on Georgia disaster or the Mexican wall ?
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bg99
Posted on: Sep 6 2016, 08:04 AM


Group: Member
Posts: 191

RSG moves into the ASX200, fully franked gold coins ? looks like they are taking a stake in MSR
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bg99
Posted on: Aug 2 2016, 11:26 AM


Group: Member
Posts: 191

good ann today up 30%, putting HAV back at lower end of range where it should be
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bg99
Posted on: Apr 15 2016, 09:38 AM


Group: Member
Posts: 191

Agree with just about all said here...... the story is pretty good.... big potential here, but its also worth taking some profit too when you can get it . As Arty said will be interesting to see if another cap raising is around the corner. Thanks for your thanks Arty, the price of TAS vs EDE is interesting and your comments make sense.
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bg99
Posted on: Apr 8 2016, 12:56 PM


Group: Member
Posts: 191

TAS is lagging a lot - EDE up to 15c today
TAS holding of EDE now worth about 22.5c /share of TAS but it is sitting at just 10.5c
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bg99
Posted on: Jun 20 2011, 11:19 PM


Group: Member
Posts: 191

Am very sorry for them too, I was lucky selling out a few weeks ago.
What a disgrace a cap raising at half the share price, these guys treat
their own stock like a casino. Seems to be a lot of this going on lately..
feels like a last grab for cash going on before a big crash.
Certainly this stock has no validity as a proper business... red or black then dont come back
with your wild west casinos... mining stocks are fast becoming the new tech stock bubble junk,
2001/02 tech wreck 2011/12 miners wreck... Gillard should tax them all and round them out of town,
she would be doing the country a favour !!!
  Forum: By Share Code

bg99
Posted on: Apr 8 2011, 08:39 AM


Group: Member
Posts: 191

yep agree this looks very undervalued, if production testing phase all goes well should put a rocket under it,
sounds like sales agreements all in place
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bg99
Posted on: Dec 2 2010, 09:02 AM


Group: Member
Posts: 191

interesting announcement about aqcuiring a spot in the Maricunga belt in Chile , there are some huge resource gold mines there
AUQ is another that has gone to Chile and had a good run of late... AUQ is about 4-500km away from Maricunga
technically also has a multi-year cup n handle breakout possibly forming, with the gap at 22c closed
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bg99
Posted on: Oct 7 2010, 09:06 PM


Group: Member
Posts: 191

HLX waking up, US broker gives target market cap of $95m... see Sept quarterly
wonder if BHP/RIO JV doesnt get up will give a kick to AQA and JV coys with iron ore
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bg99
Posted on: Sep 21 2010, 05:31 PM


Group: Member
Posts: 191

dirtdigger its the type of crap in the article below that is worth worrying about, highly unethical investing in this type of stuff
if they cant keep the tailings on land and not pollute the sea, then the mine should be scrapped

http://www.abc.net.au/news/stories/2010/09/21/3017893.htm
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bg99
Posted on: Aug 9 2010, 10:19 AM


Group: Member
Posts: 191

trend is up nicely, will be interesting to see if it breaks through 200dma at 42c
agree that oilers way undervalued and Im sure if you just keep accumulating this one at these levels and hold long
term there will be a very nice pay day down the road
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bg99
Posted on: Jul 23 2010, 09:39 AM


Group: Member
Posts: 191

Yep with a market cap of 170 mil, this revenue puts the real PER at a pretty hefty number.
  Forum: By Share Code

bg99
Posted on: Jun 7 2010, 04:35 PM


Group: Member
Posts: 191

and another one... not verified but this story sounds very much like it's about Ramu
http://www.abc.net.au/news/stories/2010/06...?section=justin

maybe another OK Tedi type debacle starting
  Forum: By Share Code

bg99
Posted on: Dec 4 2009, 03:53 PM


Group: Member
Posts: 191

. The raising through Southern Cross at 32c hasn't come on the register yet (dont know why) but 32c wont go away until
it does. Maybe the answer is hidden somewhere below.

. Interesting reading from The Australian below. Govt has given 4 months deadline for a decision on Browse basin development.
Shell seem to be dragging their heels, maybe because they get the rights to NXS consensate from 2020. WPL seem much
more bullish on getting things moving here, so maybe a takeover is on the cards or a buyout of Shells equity in NXS if Shell is not going to agree to a development strategy in the next 4 months, a good thing to get things moving and if NXS agree with WPL, the govt should not take the lease from NXS and Shell should get off the NXS register, with WPL taking over. Maybe
why BHP is looking at WPL too.


WOODSIDE Petroleum's chances of developing the contentious Browse Basin gasfields through a $30 billion LNG plant north of Broome have been given a huge boost by the federal and West Australian governments. Woodside chief executive Don Voelte said yesterday was "a great day" for the company, 24 hours after the governments declared the Browse Basin partners would lose their retention leases if they failed to agree on a development concept in the next four months.

The partners must also spend $1.25bn on work towards making a final investment decision on an LNG development within three years, which is broadly in line with Woodside's investment decision target for the Kimberly project of 2011.

The partners have 30 days to accept the government's lease renewal offers.

Woodside wants to build the project at James Price Point by 2016 or 2017 to tap the Asian demand expected for cleaner burning fuels and to help transform the company into one of the world's biggest LNG producers.

Start of sidebar. Skip to end of sidebar.

[/color]End of sidebar. [color="#003366"]Return to start of sidebar.

But its Browse Basin partners -- Chevron, BHP Billiton, BP and Royal Dutch Shell -- have been mulling whether it would be better to pipe the gas to the North West Shelf LNG project at Karratha when that terminal runs out of gas at a much later date.

"We just think this basically puts certainty into an awful lot of our future plans," Mr Voelte said yesterday. "We have certainty, we believe, at Pluto (LNG). We have certainty now at Browse."

Mr Voelte said Woodside, which owns 50 per cent of Browse, had yet to meet with its project partners to discuss the governments' move.

"We really want our joint venture partners to come with us," he said.

But Mr Voelte repeated previous comments that he would be happy to take on more equity in the project if some of the partners wanted to sell out.

"We would like to take more equity, if we had to," he said.

A spokesman for BP said the company "shares the West Australian government's commitment to developing Browse", but that it would be inappropriate to comment further at this stage.

Chevron said: "We have received the letter concerning the renewals offered for the Browse retention leases and we are considering the conditions outlined."

BHP and Shell declined to comment.

When asked about its funding capacity for Browse, Mr Voelte said Woodside's view of its funding strategy had not changed since it gave an investor briefing last month.

"The 2010 Browse budget that we showed you during the investor day is actually larger than the 2010 budget stipulated under the government offers," Mr Voelte said.

Chief financial officer Mark Chatterji said Woodside would not rule out an equity raising, particularly if its growth projects -- Pluto 2, Browse and Sunrise -- progressed to the company's preferred timetable.

Mr Voelte would not comment on development costs for a Browse plant, which analysts say could cost $30bn. Shell has hinted at $50bn, a figure Woodside disputes.

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bg99
Posted on: Nov 12 2009, 12:47 PM


Group: Member
Posts: 191

see my error now geoq, with Aus royalties at the start, adjusting for 7% from 10%
gives 250m
431-250=181 or 0.724 additional year just based on rotadisk, not the figures if you adjust down for rotohaler
do you know what the difference of manufacture cost between the two is ?
thanks bg
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bg99
Posted on: Nov 11 2009, 11:04 PM


Group: Member
Posts: 191

thanks for the info guys

just an update on figures based on those I did on 30 aug here
assuming 7% total royalty ie some given away to WHO but also higher 10% for Aus,NZ,SA etc

190m x1.88125=357.4m in royalties
current market cap = 178x2.8=498.4
-cash = 87-20=67m (20m return to shareholders)
=431.4m for all other business
so BTA is only valued at 431.4-357.4=$74m after 1 yr of production of Relenza from this factory or only an additional 0.2 of a year of the same production rate




30 Aug calculations

did a quick and dirty analysis on this and might have some flaws, if so happy for any major ones to be pointed out

refer
http://www.biota.com.au/uploaded/154/10215...nnualreport.pdf

pg58 unquoted securities 3.4 m, quoted ~ 175m total ~178m
current price ~ $2 hence market cap ~ 178x2=$356 m.

pg 4 less cash ~$87m =$269m for other business

pg 5 Aust govt intends to purchase 1.6m courses Relenza for $43m = $26.875 per course
Royalty to BTA from GSK = 7% = $1.88125 per course

pg5 GSK announces indication to increase annual production capacity to
Relenza 60 to 190 m
Diskhaler Relenza 60 to 90 m
Rotacaps Relenza extra 100 m

Assume all products same price as Relenza and same price as Aust Govt pays (no idea but fair
assumption)

Above gives extra 260 m courses of annual production

260x1.88125=$489.125 m in royalties per annum if all were sold
with current market cap less cash of $269m the current price looks very cheap if all were sold

Note: the above does not take into account any of their other business, but does assume sales of
all intended production
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bg99
Posted on: Nov 2 2009, 12:02 PM


Group: Member
Posts: 191

http://www.abc.net.au/news/stories/2009/11/01/2729851.htm

such a shame rotohaler and iv relenza not in production yet,
not enough vaccine to go around (that is in the US, so I wouldnt like to know what lesser developed countries have available)
and a good chance vaccines wont cover mutations anyway, or will enable one to develop
short sighted at the least not to have been far better prepared,
Roche is way better prepared than GSK, what are the chances lani wont suffer the same fate
at least that is not with GSK, but you are right BTA has to get the right partner and CEO
to realise potential from their good science
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bg99
Posted on: Oct 29 2009, 09:22 AM


Group: Member
Posts: 191

assuming A$20 per unit, does anyone know the real average price, previous calcs on this forum indicate around this but would be interested if wrong

assume all sold in Aust 331/20=16.55 x 4 quarters =66.2m annual production if this quarters figures remained constant
which is less than 90m planned annual capacity for diskhaler, so there should not be a capacity constraint yet on sales for diskhaler

why payment on exchange rate 30 Apr 2010... makes it a bit hard to get the real figure
is this the lag on royalty payments ? (about 6 months)

if 24m stayed constant giving 96m per annum
EPS =96/182=0.527
PER= 3/0.527=5.69x at $3/share.
  Forum: By Share Code

bg99
Posted on: Oct 8 2009, 10:05 AM


Group: Member
Posts: 191

Yes the article says revenue to GSK was 600 m quid since the outbreak of the virus. The virus was identified in Apr 09, so my PER calculation was only over a half year.... Apr-Oct, thus a real PER should come in substantially lower at 2.90/share, even more so as you pointed out if production capacity and sales get to 190m. Agree that LANI could be a real big deal, knocking Tamiflu out of the equation, good to see the management reinvesting into further development.
  Forum: By Share Code

bg99
Posted on: Oct 7 2009, 11:39 PM


Group: Member
Posts: 191

If article correct EPS= 104/182= 0.571
giving a current PER of 2.9/0.571= 5.07x ... not a big deal

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bg99
Posted on: Sep 7 2009, 11:20 PM


Group: Member
Posts: 191

vaccination is not a post infected treatment but a preventer, they need a multi prong program to defend against the virus, see 2nd last sentence below (this issued Thu Sept 3)
also re China, Sinovac say they now have a vaccine, China will still need antivirals as well though

WASHINGTON (Reuters) - The Obama administration will spend an additional $2.7 billion to buy swine flu drugs and vaccines, just days after White House science advisers called the pandemic "a serious threat to our nation."

The money is on top of $1.8 billion the administration earmarked in July for tackling the virus, which is expected to worsen in the Northern Hemisphere's autumn as students return to school.

In a letter to House of Representatives Speaker Nancy Pelosi on Tuesday, President Barack Obama said there was still uncertainty about the potential severity of any new outbreak.

The President's Council of Advisors on Science and Technology said in a report last week that the virus, although moderate, could infect 30 percent to 50 percent of the U.S. population this year, put 1.8 million people into the hospital and kill anywhere between 30,000 and 90,000 people.

Obama said the $2.7 billion would go toward buying new vaccines, antiviral drugs and preparing for a vaccination campaign.

The money is part of $7.65 billion that the U.S. Congress has appropriated for the Health Department this year and does not represent new funds on top of what has already been approved.



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bg99
Posted on: Aug 30 2009, 08:49 PM


Group: Member
Posts: 191

thanks for the feedback on that analysis geoq and cpg

http://www.smh.com.au/world/swine-flu-spre...90829-f3fz.html

Note the quote here
She put world production capacity at 900 million doses a year, for a global population of 6.8 billion people.

This is for vaccines, so 190m courses pa from GSK for anti-virals doesn't seem unrealistic at all.

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bg99
Posted on: Aug 30 2009, 10:32 AM


Group: Member
Posts: 191

that link for the annual report didnt copy properly ... try again, you can get it from their site anyway

http://www.biota.com.au/uploaded/154/10215...nnualreport.pdf
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bg99
Posted on: Aug 30 2009, 10:26 AM


Group: Member
Posts: 191

did a quick and dirty analysis on this and might have some flaws, if so happy for any major ones to be pointed out

refer
http://www.biota.com.au/uploaded/154/10215...nnualreport.pdf

pg58 unquoted securities 3.4 m, quoted ~ 175m total ~178m
current price ~ $2 hence market cap ~ 178x2=$356 m.

pg 4 less cash ~$87m =$269m for other business

pg 5 Aust govt intends to purchase 1.6m courses Relenza for $43m = $26.875 per course
Royalty to BTA from GSK = 7% = $1.88125 per course

pg5 GSK announces indication to increase annual production capacity to
Relenza 60 to 190 m
Diskhaler Relenza 60 to 90 m
Rotacaps Relenza extra 100 m

Assume all products same price as Relenza and same price as Aust Govt pays (no idea but fair
assumption)

Above gives extra 260 m courses of annual production

260x1.88125=$489.125 m in royalties per annum if all were sold
with current market cap less cash of $269m the current price looks very cheap if all were sold

Note: the above does not take into account any of their other business, but does assume sales of
all intended production
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bg99
Posted on: Nov 27 2006, 01:06 PM


Group: Member
Posts: 191

In reply to: hotpop on Sunday 26/11/06 03:25pm


IMHO a few reasons why the low market cap - 2P reserves compared to other coys

1) the poor permeability at Mungi/Harcourt ... see pg 11 of the AGM for comparisons with other coys fields

2) no plan in 06/07 to develop Lilyvale/Oak Park (largest 2P reserve)

3) no contract signed for Luilin

4) management probems mentioned in posts below, being a minor to JV partners in all fields, ie no ability to self develop projects

Im no expert.... but thats how it looks to me
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