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Contact the PP Team
Buying shares?
- Thread starter DeadlyVenom
- Start date
TFL - Theo Fennel Directors buy shares
Summary - Mkt Cap £2m versus Net Assets of £5m and Annual Sales of £12m
http://fool.uk-wire.com/Article.aspx?id=201207300700097363I
Summary - Mkt Cap £2m versus Net Assets of £5m and Annual Sales of £12m
http://fool.uk-wire.com/Article.aspx?id=201207300700097363I
This is plain weird.
PLUS quoted company which claims to have $400m of land assets in Saudi
Prime Investments International
Change of Name to Makkah & Madinah Holdings...
MAKKAH & MADINAH HOLDINGS LIMITED
(formerly Prime Investments International Group Limited);
Change of Name
The Shariah-compliant, PLUS-quoted, real estate investment company, Makkah &
Madinah Holdings Limited, formerly known as Prime Investments International
Group Limited, (the "Company") announces that the change of name, which was
approved by shareholders on 8 May 2012 in Dubai, has become effective.
The class A voting shares of the Company shall be quoted on PLUS under the
ticker symbol "MAMP" and information about the Company may be found on the
www.plus-sx.com/ website under the new name. The Company's website has moved
to: www.mm-holidngs.com/ but for a transitional period the
www.prime-holdings.com/ website shall link automatically to the new website.
Muin El-Saleh, MBA,
Director,
Dubai, 29July2012
This announcement has been made after due and careful enquiry; the directors of
Prime accept responsibility for its content.
ENDS.
Enquiries:
Makkah & Madinah Holdings Limited:
Victoria Arscott, Investor Relations Manager; +971 4 350 3596;
varscott@mm-holdings.com
Daniel Stewart and Company Plc:
Graham Atthill-Beck; +971 4 340 7262/+971 50 856 9408/+44 7779 059 879;
graham.atthill-beck@danielstewart.co.uk
Jamie Barklem; +44 20 7776 6550; jamie.barklem@danielstewart.co.uk;
Paul Shackleton; +44 20 7776 6550; paul.shackleton@danielstewart.co.uk
http://www.plus-sx.com/companies/plusCompanyDetail.html?securityId=1251336
PLUS quoted company which claims to have $400m of land assets in Saudi
Prime Investments International
Change of Name to Makkah & Madinah Holdings...
MAKKAH & MADINAH HOLDINGS LIMITED
(formerly Prime Investments International Group Limited);
Change of Name
The Shariah-compliant, PLUS-quoted, real estate investment company, Makkah &
Madinah Holdings Limited, formerly known as Prime Investments International
Group Limited, (the "Company") announces that the change of name, which was
approved by shareholders on 8 May 2012 in Dubai, has become effective.
The class A voting shares of the Company shall be quoted on PLUS under the
ticker symbol "MAMP" and information about the Company may be found on the
www.plus-sx.com/ website under the new name. The Company's website has moved
to: www.mm-holidngs.com/ but for a transitional period the
www.prime-holdings.com/ website shall link automatically to the new website.
Muin El-Saleh, MBA,
Director,
Dubai, 29July2012
This announcement has been made after due and careful enquiry; the directors of
Prime accept responsibility for its content.
ENDS.
Enquiries:
Makkah & Madinah Holdings Limited:
Victoria Arscott, Investor Relations Manager; +971 4 350 3596;
varscott@mm-holdings.com
Daniel Stewart and Company Plc:
Graham Atthill-Beck; +971 4 340 7262/+971 50 856 9408/+44 7779 059 879;
graham.atthill-beck@danielstewart.co.uk
Jamie Barklem; +44 20 7776 6550; jamie.barklem@danielstewart.co.uk;
Paul Shackleton; +44 20 7776 6550; paul.shackleton@danielstewart.co.uk
http://www.plus-sx.com/companies/plusCompanyDetail.html?securityId=1251336
Badsha
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Okay, I better not jinx myself but Nokia is doing me proud.
Badsha
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Well the CEO bought back some shares. That's always a good sign.
Though I'd agree, too early to say something fundamental has happened. Maybe some inside talks of a buy out are going around.
Though I'd agree, too early to say something fundamental has happened. Maybe some inside talks of a buy out are going around.
http://www.moneyweek.com/news-and-c...-jesse-livermore-worlds-greatest-trader-23100
Jesse Livermore: one of the greatest traders of all time
By Matthew Partridge Aug 02, 2012
Jesse Livermore: one of the greatest traders of all time
By Matthew Partridge Aug 02, 2012
CPX - might go down on this today but it's short term issues and the long term story continues to develop
http://fool.uk-wire.com/Article.aspx?id=201208030700061990J
Picking out some of the good bits :-
Good progress continues to be made in the development of large cell supercapacitors for automotive applications. Product specifications and requirements have been discussed with the major automotive OEMs and their Tier 1 suppliers, prototype samples provided to several for testing, and the design of a small scale production line completed.
Shipments recently commenced for an exciting new portable medical device to be launched by one of the world's leading diabetes management companies. Additionally new battery-free applications powered by ambient energy harvesters or quick charging systems continue to emerge and are predicted to grow substantially in the coming years.
http://fool.uk-wire.com/Article.aspx?id=201208030700061990J
Picking out some of the good bits :-
Good progress continues to be made in the development of large cell supercapacitors for automotive applications. Product specifications and requirements have been discussed with the major automotive OEMs and their Tier 1 suppliers, prototype samples provided to several for testing, and the design of a small scale production line completed.
Shipments recently commenced for an exciting new portable medical device to be launched by one of the world's leading diabetes management companies. Additionally new battery-free applications powered by ambient energy harvesters or quick charging systems continue to emerge and are predicted to grow substantially in the coming years.
TLY - on the other hand this news seems rather superfluous but the mere mention of 'mobile', 'strategic partnership' and 'Saatchi' may get some people excited.
http://fool.uk-wire.com/Article.aspx?id=201208030700122188J
Strategic Partnership Agreement
Totally, the AIM quoted digital health and software development company is pleased to announce it has entered into a strategic partnership agreement with M&C Saatchi Mobile, to assist in the delivery of the £1.6 million national NHS Shared Decision Making contract that Totally secured in February 2012.
M&C Saatchi Mobile is an award-winning international full-service mobile marketing agency which helps brands to engage with their customers using creative mobile solutions.
Under the terms of the agreement M&C Saatchi Mobile will provide front end design and advice on mobile distribution. The design will link into the back end data storage 'SANDY' system, which Totally has built for the NHS and which forms the basis of the National Shared Decision Making platform.
This represents an important strategic partnership with a consumer facing mobile marketing agency. The Company fully expect that the partnership will strengthen future tender bids with the NHS, which include a mobile requirement.
Commenting on this strategic partnership, Totally Chief Executive Officer Clare Thompson said:
"The close work of Totally with M&C Saatchi mobile over the past few years has resulted in the formalisation of a strategic partnership that looks set to revolutionise mobile data communication within the NHS."
James Hilton, co-founder and Managing Director of M&C Saatchi Mobile said:
"We are delighted to be partnering with Totally on this project".
http://fool.uk-wire.com/Article.aspx?id=201208030700122188J
Strategic Partnership Agreement
Totally, the AIM quoted digital health and software development company is pleased to announce it has entered into a strategic partnership agreement with M&C Saatchi Mobile, to assist in the delivery of the £1.6 million national NHS Shared Decision Making contract that Totally secured in February 2012.
M&C Saatchi Mobile is an award-winning international full-service mobile marketing agency which helps brands to engage with their customers using creative mobile solutions.
Under the terms of the agreement M&C Saatchi Mobile will provide front end design and advice on mobile distribution. The design will link into the back end data storage 'SANDY' system, which Totally has built for the NHS and which forms the basis of the National Shared Decision Making platform.
This represents an important strategic partnership with a consumer facing mobile marketing agency. The Company fully expect that the partnership will strengthen future tender bids with the NHS, which include a mobile requirement.
Commenting on this strategic partnership, Totally Chief Executive Officer Clare Thompson said:
"The close work of Totally with M&C Saatchi mobile over the past few years has resulted in the formalisation of a strategic partnership that looks set to revolutionise mobile data communication within the NHS."
James Hilton, co-founder and Managing Director of M&C Saatchi Mobile said:
"We are delighted to be partnering with Totally on this project".
CPX got taken down so much i bought some more at 12p
Figures don't look too bad to me. $3.5m revenue, similar loss to last year $3.2m.
They have cash of $3.8m so no big drama in terms of financing for year ahead.
So they managed a placing at 30p of which less than 20% isn't going to be taken up by this Chinese investor/partner.
To punish it down to 12p seems very odd. Not often you can buy in at 60% discount to Institutions on a real company. Happy to buy some in the sales although the sales may go on for a few weeks.
Figures don't look too bad to me. $3.5m revenue, similar loss to last year $3.2m.
They have cash of $3.8m so no big drama in terms of financing for year ahead.
So they managed a placing at 30p of which less than 20% isn't going to be taken up by this Chinese investor/partner.
To punish it down to 12p seems very odd. Not often you can buy in at 60% discount to Institutions on a real company. Happy to buy some in the sales although the sales may go on for a few weeks.
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TLY -
An interesting audio interview with Clare Thompson, CEO of Totally Plc.
Its worth a click:
http://www.brrmedia.co.uk/event/100198/clare-thompson-chief-executive-officer
Interesting and varied background all looks pukka
Reed-Elsevier, the Lancet, BBC, BUPA, Capita ! etc
An interesting audio interview with Clare Thompson, CEO of Totally Plc.
Its worth a click:
http://www.brrmedia.co.uk/event/100198/clare-thompson-chief-executive-officer
Interesting and varied background all looks pukka
Reed-Elsevier, the Lancet, BBC, BUPA, Capita ! etc
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SAR on the move today, encouraging interest in other bios
ABH http://www.angelbio.com/media/pdf/ABH26July2012_final.pdf
ABH http://www.angelbio.com/media/pdf/ABH26July2012_final.pdf
jaspa888
Local Club Star
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- 1,984
From Sunday Times
Solar giant has lost its shine
Inside the City: Solar giant has lost its shine
Danny Fortson
Published: 12 August 2012 Sunday Times
ONCE upon a time PV Crystalox Solar was a big company. At its height in 2008 the maker of components for solar panels was tickling the £1 billion mark.As of Friday, it was worth just £33m. Its main plant in Germany sits idle as management wait, quite possibly in vain, for panel prices to recover. Some say it should just wind itself up and return cash to shareholders.The company is a cautionary tale of what happens when European manufacturers go head to head with the Chinese juggernaut.A couple of figures tell the story. One is 75% — the drop in solar panel prices over the past three years thanks to a flood of cheap Chinese products. The second is 50 gigawatts — the global production capacity for a market that, according to Bloomberg New Energy Finance, is not likely to need more than 30GW this year.Again, most of this production is in China. The fallout has been horrendous. A pair of German panel makers — Q.Cells and Solon — have gone bankrupt. America’s First Solar shut its European arm in April.These are the prospects PV Crystalox faces. Its German factory, located in the appropriately named town of Bitterfeld, makes wafers that go into photovoltaic panels. It has been shut down for nearly a year because its only other option is to sell its wares at a loss.The other plant at Abingdon, Oxfordshire, which churns out solar ingots, is still operating to comply with long-term contracts. Investors are less concerned with its core business, however.So dramatic has been the shift in the industry that PV Crystalox’s fortunes now depend more on courtroom battles than its manufacturing prowess. The company announced in May it had reached a €90m settlement with a customer that had pulled out of a contract. The payout was equal to four times its market value at the time. It is in arbitration with at least one other customer that no longer wants what PV Crystalox is selling.Analysts have pencilled in a big loss for the first half of the year. After that deficit is taken into account, plus tax on the settlement, the company should still be left with a cash pile of at least €50m. That would be equivalent to about 10p a share, more than the 8p at which the stock closed on Friday.Investors want some of that cash. They forced the resignation of Maarten Henderson, the chairman, in May. Iain Dorrity, the chief executive, has intimated that he could buy back shares or distribute some of the settlement money through a dividend. He will end the suspense on Thursday with the company’s first-half results.Sooner or later, though, he will have to decide whether PV Crystalox has any future at all. In a recent note, Peel Hunt said: “Investors are soon going to need to choose whether to push for maximising short-term cash returns (dividends, buybacks) or maintaining an industrial base in case of a solar market recovery.”Belief in the latter is not unrealistic: Bloomberg New Energy Finance said prices are “below manufacturing cost, and consequently unsustainable”. But even if prices do stage a comeback, PV Crystalox’s glory days are surely behind it.
Solar giant has lost its shine
Inside the City: Solar giant has lost its shine
Danny Fortson
Published: 12 August 2012 Sunday Times
ONCE upon a time PV Crystalox Solar was a big company. At its height in 2008 the maker of components for solar panels was tickling the £1 billion mark.As of Friday, it was worth just £33m. Its main plant in Germany sits idle as management wait, quite possibly in vain, for panel prices to recover. Some say it should just wind itself up and return cash to shareholders.The company is a cautionary tale of what happens when European manufacturers go head to head with the Chinese juggernaut.A couple of figures tell the story. One is 75% — the drop in solar panel prices over the past three years thanks to a flood of cheap Chinese products. The second is 50 gigawatts — the global production capacity for a market that, according to Bloomberg New Energy Finance, is not likely to need more than 30GW this year.Again, most of this production is in China. The fallout has been horrendous. A pair of German panel makers — Q.Cells and Solon — have gone bankrupt. America’s First Solar shut its European arm in April.These are the prospects PV Crystalox faces. Its German factory, located in the appropriately named town of Bitterfeld, makes wafers that go into photovoltaic panels. It has been shut down for nearly a year because its only other option is to sell its wares at a loss.The other plant at Abingdon, Oxfordshire, which churns out solar ingots, is still operating to comply with long-term contracts. Investors are less concerned with its core business, however.So dramatic has been the shift in the industry that PV Crystalox’s fortunes now depend more on courtroom battles than its manufacturing prowess. The company announced in May it had reached a €90m settlement with a customer that had pulled out of a contract. The payout was equal to four times its market value at the time. It is in arbitration with at least one other customer that no longer wants what PV Crystalox is selling.Analysts have pencilled in a big loss for the first half of the year. After that deficit is taken into account, plus tax on the settlement, the company should still be left with a cash pile of at least €50m. That would be equivalent to about 10p a share, more than the 8p at which the stock closed on Friday.Investors want some of that cash. They forced the resignation of Maarten Henderson, the chairman, in May. Iain Dorrity, the chief executive, has intimated that he could buy back shares or distribute some of the settlement money through a dividend. He will end the suspense on Thursday with the company’s first-half results.Sooner or later, though, he will have to decide whether PV Crystalox has any future at all. In a recent note, Peel Hunt said: “Investors are soon going to need to choose whether to push for maximising short-term cash returns (dividends, buybacks) or maintaining an industrial base in case of a solar market recovery.”Belief in the latter is not unrealistic: Bloomberg New Energy Finance said prices are “below manufacturing cost, and consequently unsustainable”. But even if prices do stage a comeback, PV Crystalox’s glory days are surely behind it.
PVCS some reactions to todays Interim Results
restassured
16 Aug'12 - 07:22 - 4494 of 4496
The important bits....
-- Formal antidumping investigations in USA and Europe into unfair trade practices from Chinese PV companies
-- Cash settlement on termination of long term contract of c. EUR90m leading to net cash of EUR122.4m at the period end (end 2011: EUR22.6m)
Still two more cases in arbitration
22.9p cash versus 8p current share price.
THE DART
16 Aug'12 - 07:23 - 4495 of 4496
Managed to generate cash on operations whilst also restructure I think that is the biggest news, and their projections point to cash positive H2.
They have 122m Euro now, so excluding 90m they have more than they had six months ago, despite what's going on and despite two major customers simply not paying up. So one customer settlement will come in H2, whilst the second one we can assume will not be able to pay. Can only point to a higher cash balance at the end of Dec 2012. Wait it out, seems very sensible to me....
restassured
16 Aug'12 - 07:22 - 4494 of 4496
The important bits....
-- Formal antidumping investigations in USA and Europe into unfair trade practices from Chinese PV companies
-- Cash settlement on termination of long term contract of c. EUR90m leading to net cash of EUR122.4m at the period end (end 2011: EUR22.6m)
Still two more cases in arbitration
22.9p cash versus 8p current share price.
THE DART
16 Aug'12 - 07:23 - 4495 of 4496
Managed to generate cash on operations whilst also restructure I think that is the biggest news, and their projections point to cash positive H2.
They have 122m Euro now, so excluding 90m they have more than they had six months ago, despite what's going on and despite two major customers simply not paying up. So one customer settlement will come in H2, whilst the second one we can assume will not be able to pay. Can only point to a higher cash balance at the end of Dec 2012. Wait it out, seems very sensible to me....
Last weeks new Non-Exec Director appointment at CPX went pretty much un-noticed.
However it looks to be very significant. The following is an interview relating to that Non-Exec's 'day job' in his Executive role. Given they have JV relationship with Mercedes and strong relationship with other automotive companies should be able to get CPX through the door to lots of potential customers and partners in the auto industry.
http://www.ceoforum.com.au/article-...rey-Bishop-Technology/Industry-and-innovation
However it looks to be very significant. The following is an interview relating to that Non-Exec's 'day job' in his Executive role. Given they have JV relationship with Mercedes and strong relationship with other automotive companies should be able to get CPX through the door to lots of potential customers and partners in the auto industry.
http://www.ceoforum.com.au/article-...rey-Bishop-Technology/Industry-and-innovation
CAP-XX plc ("the Company"), the AIM listed leader in the design and manufacture of thin form prismatic supercapacitors, is pleased to announce the appointment to the Board of Bruce Ferguson Grey, effective 24 August 2012.
Bruce joins the CAP-XX board with a strong track record of management in engineering and manufacturing companies and of commercialisation of automotive technology gained through his 13 years with Bishop Technology Group, a privately held Australian automotive technology development company. Bruce was responsible for the securing of licensing agreements with Robert Bosch GmbH, Mercedes Benz and Ford Motor Company as well as two Chinese component groups. He additionally secured an equity investment in Bishop from Mercedes-Benz, which was subsequently transferred to ThyssenKrupp Presta Steertec GmbH. Bishop's technology is today present in over 20% of vehicles manufactured worldwide. In 2012 he was appointed to the Australian Federal Government's Clean Technology Investment Committee.
Anthony Kongats, CAP-XX Chief Executive said:
"The appointment of Bruce to the CAP-XX Board is an acknowledgement of the rising importance of the automotive market opportunity to our business as we develop supercapacitors, notably for stop-start applications. We have developed and tested prototype devices which have given encouraging results and Bruce's experience in the commercialisation of automotive technology will be a welcome addition to the board as we expand our into new markets."
Bruce joins the CAP-XX board with a strong track record of management in engineering and manufacturing companies and of commercialisation of automotive technology gained through his 13 years with Bishop Technology Group, a privately held Australian automotive technology development company. Bruce was responsible for the securing of licensing agreements with Robert Bosch GmbH, Mercedes Benz and Ford Motor Company as well as two Chinese component groups. He additionally secured an equity investment in Bishop from Mercedes-Benz, which was subsequently transferred to ThyssenKrupp Presta Steertec GmbH. Bishop's technology is today present in over 20% of vehicles manufactured worldwide. In 2012 he was appointed to the Australian Federal Government's Clean Technology Investment Committee.
Anthony Kongats, CAP-XX Chief Executive said:
"The appointment of Bruce to the CAP-XX Board is an acknowledgement of the rising importance of the automotive market opportunity to our business as we develop supercapacitors, notably for stop-start applications. We have developed and tested prototype devices which have given encouraging results and Bruce's experience in the commercialisation of automotive technology will be a welcome addition to the board as we expand our into new markets."
http://ftalphaville.ft.com/blog/2012/08/27/1128691/china-dollars-gold-and-a-theory-of-relativity/
China, dollars, gold, and a theory of relativity
China, dollars, gold, and a theory of relativity
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Eagle_Eye
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Puntland dusters officially announced......
Well done. Still see little future for it. A lot of the 'big names' in tech have brief flurries of interest on the way down it takes major innovation to turn these things around. Apple managed it due to iMac/ipod when Jobs returned and IBM also re-invented itself but these are the exceptions.
Eagle_Eye
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s28 - gbp is dependent on results from CHAR. Results are expected towards the end of Sept.
Followed by news from Loligo by FOGL
Interesting end to Q3.
Followed by news from Loligo by FOGL
Interesting end to Q3.
re GBP I think Namibia has enough momentum behind it that CHAR Nimrod is not make or break. Lots of majors coming in. Repsol to Tower, BP in CHAR. Would like to see GBP get a major involved to de-risk financing and validate. Maybe they want to wait until they can farm out on back of a successful result. But at present assume them to be liars.
Leading investor in Eland is Pakistani billionaire Alshair Fiyaz, while Africa-focused private equity group Helios is also on the share register.
Both obviously see significant potential in Eland’s plans in Nigeria and other locations in West Africa.
The AIM listing provides Eland with the cash required to complete the purchase of an interest in a prospect in Nigeria’s Niger Delta owned by Royal Dutch Shell.
That will be a good start for messrs Blair and Maxwell with investors obviously hopeful they will build Eland into a company which one day will be swallowed by a major.
Both obviously see significant potential in Eland’s plans in Nigeria and other locations in West Africa.
The AIM listing provides Eland with the cash required to complete the purchase of an interest in a prospect in Nigeria’s Niger Delta owned by Royal Dutch Shell.
That will be a good start for messrs Blair and Maxwell with investors obviously hopeful they will build Eland into a company which one day will be swallowed by a major.
Some interesting things going on amongst the detritus of the AIM/ASX/TSX junior gold miners. Many of these companies despite mining gold and being forever seemingly on a prospective PER of 1x have failed to actually meet their production targets or to mine economically in the current 'high' gold price environment.
However Chinese 'strategic' investors seem to be coming on board slowly and surely to mop up these players or at least position themselves to have first dibs at taking them over lock stock and barrel.
some recent examples
Mwana Africa (MWA) : Mining gold in Zimbabwe. Should be producing 70k oz p.a. and generating EBITDA of $70m p.a. The company is presently valued at about £50m and has a total gold resource in zimbabwe and DRC of c. 4m oz
4m oz @ current gold prices should be over $6bn but Chinese investors can get a claim on that potential $6bn for just £50m
Vatukoula Gold Mining (VGM) : Mining gold in Fiji. Should be producing 100k oz p.a. and generating EBITDA of $100m p.a. The company is presently valued at c. £60m. Today a major Chinese investor has bought 17% for £10m with a view to going to 29.9%
Norseman Gold (NGL) : Mining gold in Australia. Again has been troubled recent history but a Chinese investor has recently come in.
However Chinese 'strategic' investors seem to be coming on board slowly and surely to mop up these players or at least position themselves to have first dibs at taking them over lock stock and barrel.
some recent examples
Mwana Africa (MWA) : Mining gold in Zimbabwe. Should be producing 70k oz p.a. and generating EBITDA of $70m p.a. The company is presently valued at about £50m and has a total gold resource in zimbabwe and DRC of c. 4m oz
4m oz @ current gold prices should be over $6bn but Chinese investors can get a claim on that potential $6bn for just £50m
Vatukoula Gold Mining (VGM) : Mining gold in Fiji. Should be producing 100k oz p.a. and generating EBITDA of $100m p.a. The company is presently valued at c. £60m. Today a major Chinese investor has bought 17% for £10m with a view to going to 29.9%
Norseman Gold (NGL) : Mining gold in Australia. Again has been troubled recent history but a Chinese investor has recently come in.
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Eagle_Eye
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Assume liars unless proven otherwise. Dont be fooled by house broker targets etc...
It is quite important to look into previous history of BoD and especially CEO.
jaspa888
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Shorting in a volatile market is a dangerous game, especially with so many macro economic factors prevalent in the market currently
Borders & Southern (Neutral) – Darwin fluid cut result / Goldman Sachs
"We increase our valuation for Borders & Southern (28p to 44p) to account for the results of the Darwin fluid analysis. The company estimates the recoverable volume of condensate to be 130-250 mn bbl, with a mid-case of 190 mn bbl. We model the mid-case number and
decrease our risking on the prospect from c.33% to 50% chance of success. We continue to believe that running room in the acreage is sufficient for further discoveries to increase the liquids volume significantly and see significant medium-term potential in the name. However, given that drilling on the license is unlikely to take place until 2014, we do not believe this potential prospectivity will be recognized by the market in the short term or until funds are in place. Given this funding requirement, we assume Borders farm-down a 50% interest in its southern license in return for back costs of c.$70 mn and in return for a carry on an exploration well."
"We increase our valuation for Borders & Southern (28p to 44p) to account for the results of the Darwin fluid analysis. The company estimates the recoverable volume of condensate to be 130-250 mn bbl, with a mid-case of 190 mn bbl. We model the mid-case number and
decrease our risking on the prospect from c.33% to 50% chance of success. We continue to believe that running room in the acreage is sufficient for further discoveries to increase the liquids volume significantly and see significant medium-term potential in the name. However, given that drilling on the license is unlikely to take place until 2014, we do not believe this potential prospectivity will be recognized by the market in the short term or until funds are in place. Given this funding requirement, we assume Borders farm-down a 50% interest in its southern license in return for back costs of c.$70 mn and in return for a carry on an exploration well."
Eagle_Eye
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CHAR taking a hammering! News leaked about a duster?
jaspa888
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http://www.telegraph.co.uk/finance/markets/questor/9518281/Questor-share-tip-Sirius-still-has-risks-but-is-worth-a-gamble.html
The story moves a step closer.
I like the last line of the article, considering IMO we have the most capable, talented and experienced BoD on AIM.
The story moves a step closer.
I like the last line of the article, considering IMO we have the most capable, talented and experienced BoD on AIM.
I do worry about the depth. Remember meeting UKC management few years back. Part of their bull case was fact that time and cost to develop new domestic supply was prohibitive. E.g. sinking a new deep underground shaft given health and safety regs it would require capex of 1bn thus making their present mines with existing shafts more valuable. They got sacked so might not be totally reliable 
jaspa888
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Hahaha.
Depth of reserves or depth of the minehead?
I dont think we'll even get to the production stage. I met with the CEO Fraser a few weeks ago and my impression was that the big boys will come knocking way before 2017.
We'll have an answer on planning - one way or the other - by Q1 2013. The present economic malaise should actually help the case for approval, although some locals are organising opposition.
Either way, an interesting next six months...
Depth of reserves or depth of the minehead?
I dont think we'll even get to the production stage. I met with the CEO Fraser a few weeks ago and my impression was that the big boys will come knocking way before 2017.
We'll have an answer on planning - one way or the other - by Q1 2013. The present economic malaise should actually help the case for approval, although some locals are organising opposition.
Either way, an interesting next six months...
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jaspa888
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s28
Well done on CNR mate, and many thanks. Storming away, and doubled in the last 2 months.
Any thoughts/views on exit strategy?
Well done on CNR mate, and many thanks. Storming away, and doubled in the last 2 months.
Any thoughts/views on exit strategy?
As we said earlier all CEOs of junior explorers should be treated as liars unless they demonstrate resource, get third party validation and eat their own cooking.
Mark Childs has demonstrated 2 of 3. Delivery of third party validation in form of a bigger partner coming in would be the big risk reducer.
This is what is so exciting about Condor that third party validation could come from near neighbour B2Gold who have existing mine and plant 50km down the road.
B2Gold are valued at $1.4Bn and produce 140k oz p.a.
Condor currently valued at $60m but with $100m of capex could be producing 80k p.a
So clearly all things being equal once in operation Condor could be worth $800m.
If all that $100m capex can be debt funded equity investors could have an easy ten bagger.
Even all equity finding at current price suggests 5 bagger potential.
B2Gold coming in and sharing infrastructure win win both sides, derisked and bagger even quicker. They should and could make Mark Child's an offer at any time I reckon.
Mark Childs has demonstrated 2 of 3. Delivery of third party validation in form of a bigger partner coming in would be the big risk reducer.
This is what is so exciting about Condor that third party validation could come from near neighbour B2Gold who have existing mine and plant 50km down the road.
B2Gold are valued at $1.4Bn and produce 140k oz p.a.
Condor currently valued at $60m but with $100m of capex could be producing 80k p.a
So clearly all things being equal once in operation Condor could be worth $800m.
If all that $100m capex can be debt funded equity investors could have an easy ten bagger.
Even all equity finding at current price suggests 5 bagger potential.
B2Gold coming in and sharing infrastructure win win both sides, derisked and bagger even quicker. They should and could make Mark Child's an offer at any time I reckon.
jaspa888
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Thanks for your views mate. Some interesting newsflow to come too.
Whats the next big thing I should start researching? ;p
Whats the next big thing I should start researching? ;p
here are some of my current ideas several strands ( 1.Gold ; 2. seasonal/QE3 spurred risk rally/dash for trash ; 3.Innovation) to allow huge uncertainty
1. Gold
Gold has to be a major consideration, it is the reason CNR is working so well
I flit between wanting producers and explorers, but right now I think producers are best options (risk rally would support explorers)
MWA is producing 70k per annum and has 4m+ oz of resource with additional potential of BNC nickel mine,smelter and refinery coming back on line, has had major Chinese investment at 5.5p
There will always be worry about Zimbabwe/DRC exposure but South Africa making them look good now !
So Chinese invested at 5.5p, Brokers suggesting potential for 1.5p EPS and you can buy at 4p i.e. Market Cap of £50m with gold EBITDA potential of c.$70m per annum (70k oz p.a. at $1000/oz margin)
SRB is trying to get funding to restart production, Eldorado are neighbours and existing investors and it makes sense for them to help fund SRB/share infrastructure. Massively underwater on it, but get into production regardless of dilution and potential for 3-6p of dividend per share i reckon (although they'd redirect any cashflow into exploration because BoD/Management are thick ****s)
2. 'Sell in May and go away, come again St Ledgers Day' e.g. middle of September
Tends to be seasonally strong period. About time we had a risk rally. In such circumstances even horrible AIM trash could catch a break.
So i'm looking at a few hugely oversold names run by promoters which have shown propensity to move big in previous 'dash for trash' phases.
ACTA, RGM, RRR ? (RGM have an interesting looking phosphate agromineral project in Sudan http://www.proactiveinvestors.co.uk...-for-agromineral-licences-in-sudan-46935.html )
3. Real innovation needed to spur economic growth, particularly like innovation in alternative energy/energy saving uses
e.g. OCG, CAP, CPX
OCG just signed a deal today. Extraordinary potential these are just initial trial 'commercial' orders and they are of the order of $10-30m etc. But just think what the potential worldwide of turning gas into oil is ? It's like alchemy turning base metals to gold.
CAP results due Monday. Might not blow the doors off but can turn diesel truck engines into dual fuel gas engines so potential huge fuel savings for US trucking fleets. OEM deal would be massive but Navistar have their own issues.
CPX - see posts passim
1. Gold
Gold has to be a major consideration, it is the reason CNR is working so well
I flit between wanting producers and explorers, but right now I think producers are best options (risk rally would support explorers)
MWA is producing 70k per annum and has 4m+ oz of resource with additional potential of BNC nickel mine,smelter and refinery coming back on line, has had major Chinese investment at 5.5p
There will always be worry about Zimbabwe/DRC exposure but South Africa making them look good now !
So Chinese invested at 5.5p, Brokers suggesting potential for 1.5p EPS and you can buy at 4p i.e. Market Cap of £50m with gold EBITDA potential of c.$70m per annum (70k oz p.a. at $1000/oz margin)
SRB is trying to get funding to restart production, Eldorado are neighbours and existing investors and it makes sense for them to help fund SRB/share infrastructure. Massively underwater on it, but get into production regardless of dilution and potential for 3-6p of dividend per share i reckon (although they'd redirect any cashflow into exploration because BoD/Management are thick ****s)
2. 'Sell in May and go away, come again St Ledgers Day' e.g. middle of September
Tends to be seasonally strong period. About time we had a risk rally. In such circumstances even horrible AIM trash could catch a break.
So i'm looking at a few hugely oversold names run by promoters which have shown propensity to move big in previous 'dash for trash' phases.
ACTA, RGM, RRR ? (RGM have an interesting looking phosphate agromineral project in Sudan http://www.proactiveinvestors.co.uk...-for-agromineral-licences-in-sudan-46935.html )
3. Real innovation needed to spur economic growth, particularly like innovation in alternative energy/energy saving uses
e.g. OCG, CAP, CPX
OCG just signed a deal today. Extraordinary potential these are just initial trial 'commercial' orders and they are of the order of $10-30m etc. But just think what the potential worldwide of turning gas into oil is ? It's like alchemy turning base metals to gold.
CAP results due Monday. Might not blow the doors off but can turn diesel truck engines into dual fuel gas engines so potential huge fuel savings for US trucking fleets. OEM deal would be massive but Navistar have their own issues.
CPX - see posts passim
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Eagle_Eye
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What a Monday!!
CHAR duster in Namibia and FOGL looks like they will follow with a duster by next week. Out of FOGL and gone short.
CHAR duster in Namibia and FOGL looks like they will follow with a duster by next week. Out of FOGL and gone short.
That's why I prefer to buy stocks which aren't drilling and sell stocks which are drilling. Wildcard drill Chance of Success tends to be 1 in 5 to 1 in 7 so you are ALWAYS better off from a risk-reward point of view buying them after they release results. e.g. BOR when it hit 15-16p after Stebbing duster was a great buy. CHAR after it's Tapir duster was a great buy for the next drill and great sell pre result.
jaspa888
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Great news for SUMM. Partnership with a big global player, with milestone payments and revenue share going forward.
Tempted to go into CHAR - especially considering the cash reserves and vast acreage they have in Namibia. The majors will be interested in the area, and may see CHAR as a ripe t/o opportunity. CHAR will be shitting themselves though, considering that is two sites that have now come up dry. Still not sure if they have hot bottom yet...
Tempted to go into CHAR - especially considering the cash reserves and vast acreage they have in Namibia. The majors will be interested in the area, and may see CHAR as a ripe t/o opportunity. CHAR will be shitting themselves though, considering that is two sites that have now come up dry. Still not sure if they have hot bottom yet...
jaspa888
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s28 - Spent a couple of hours looking at the shares you mentioned - thanks for them, btw.
CPX looks the most interesting to me based on my own personal risk/reward rationale. What kind of upside do you see yourself?
I was in MWA abut 3 years ago, but didnt like the management team and sold out. I notice a couple of director buys recently so may take a closer look to see if their attitude has changed.
CPX looks the most interesting to me based on my own personal risk/reward rationale. What kind of upside do you see yourself?
I was in MWA abut 3 years ago, but didnt like the management team and sold out. I notice a couple of director buys recently so may take a closer look to see if their attitude has changed.
CPX - listed at 100p odd in about 2006/7 ish and I wasn't too impressed with their claims they were going to get into Nokia phones and be selling multi-millions like CSR were doing. The Murata deal a few years back and them building a 50m unit p.a. plant made me start to reconsider. Murata make billions in revenues and at leading edge of capacitors so if they had to go outside for CPX's expertise it was a big validation. That royalty revenue is awesome and could get CPX to be worth multiples of it's current price alone.
The big additional thing not even considered in 2006/7 IPO roadshow was the Automotive opportunity. It sort of makes sense that a Company developing tech for mobile phones can scale up it's tech for cars rather than existing Capacitor players scale down their stuff for cars.
I really think CPX has 10-100 bagger potential.
£10m Mkt Cap right now but selling millions of $60 capacitors in the 60m p.a. Car market ?
Murata sell capacitors to Apple so potential at some point to sell into iphone/ipad market also ?
The big additional thing not even considered in 2006/7 IPO roadshow was the Automotive opportunity. It sort of makes sense that a Company developing tech for mobile phones can scale up it's tech for cars rather than existing Capacitor players scale down their stuff for cars.
I really think CPX has 10-100 bagger potential.
£10m Mkt Cap right now but selling millions of $60 capacitors in the 60m p.a. Car market ?
Murata sell capacitors to Apple so potential at some point to sell into iphone/ipad market also ?
mining786
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Qe3
Gold seems to be in an uptrend, the federal reserve meeting tomorrow, and thursday. If QE3 is announced I expect to see some serious fireworks we are in a bull market. Onwards and Upwards...
Gold seems to be in an uptrend, the federal reserve meeting tomorrow, and thursday. If QE3 is announced I expect to see some serious fireworks we are in a bull market. Onwards and Upwards...
jaspa888
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I can see QE3 happening because of one thing: The US Election in November.
Obama is fast running out of ideas, and needs a couple of months for QE to make any positive difference with regards to economic and jobs data.
Of course, that fascist Netanyahu can bomb Iran before then and all bets are suddenly off.
Obama is fast running out of ideas, and needs a couple of months for QE to make any positive difference with regards to economic and jobs data.
Of course, that fascist Netanyahu can bomb Iran before then and all bets are suddenly off.
I think it's a bit late for QE to impact the real economy. At best it might make financial markets more stable. It has been one reason why some suggest Bernanke will not do it because it could be seen to be politically motivated.
I do like this Doug Kass guy. When everyone was negative in the Summer he was calling market up. When everyone becomes a bit complacent he's calling for a bit of consolidation.
http://pragcap.com/doug-kass-reasons-why-the-market-has-hit-the-high-for-the-year
http://blogs.wsj.com/marketbeat/2012/08/31/blind-faith-in-bernanke-is-big-mistake-kass-says/
I do like this Doug Kass guy. When everyone was negative in the Summer he was calling market up. When everyone becomes a bit complacent he's calling for a bit of consolidation.
http://pragcap.com/doug-kass-reasons-why-the-market-has-hit-the-high-for-the-year
http://blogs.wsj.com/marketbeat/2012/08/31/blind-faith-in-bernanke-is-big-mistake-kass-says/
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jaspa888
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Its about intent, rather than than impact that determines sentiment.
Ive just finished reading Boomerang by Michael Lewis after sitting on it for months. Fantastic book, and gives great examples (Greece, Ireland) where psychology drove the market, rather than vice versa.
We shall see mate, but I am an old cynic as you know...
There is little you can do to capture the place of human emotion/psychology in the monetary transmission mechanism so can be argued either way. I guess that is why fiscal stimulus is regarded as being a more direct benefit to economies which need life-saving shock therapy which is what Doug Kass and likes of Paul Krugman are calling for in US.
Smith Electric Vehicle one interesting for TAN shareholders
http://www.retailroadshow.com/sys/launch.asp?qv=684575048690054&k=53921922497
http://www.retailroadshow.com/sys/launch.asp?qv=684575048690054&k=53921922497
Some commentary on Iron Ore
Iron Ore: As mentioned earlier, iron ore prices came off hard during August, falling 23.5% during the month from US$117/t to US$89.4/t. Indeed this fall followed a weak July as well, where it started the month at US$134/t. This drop in pricing has been primarily driven by destocking in China, similar to the price drop off in September/October 2011. However a Macquarie report highlights one key difference. Whereas the 2011 drop was due to smaller mills simply buying less ore to reduce inventory, this price drop has been despite purchasing activity hardly deteriorating at all.
This implies that inventory volumes have run down instead by increasing the rate of consumption of iron ore –by keeping pig iron and crude steel production volumes at a high level. The risk with this is that if the smaller mills are yet to show sign of significant upstream production cuts, there is still more downside risk for iron ore, which could mean that the short-term cost support could be as low as US$80/t:
The question remains as to why iron ore prices have performed so badly if smaller mills have only reduced their purchasing activity by a relatively small amount of 7%. This is due to the behaviour of the larger steel mills, who are currently cutting production and inventory levels. In August Macquarie reported that iron ore demand by the larger mills fell by 13%. All in all, apparent Chinese mill iron ore demand fell 11%, or 104mtpa. What most market analysts seem to think, though, is that this dip is a short-term issue, although it is possible that this will continue for 1-3 months if China opts to defer any stimulus measures until the new government is announced. At US$100/t prices, 42% of China’s mine supply will be out of the money, which will certainly shift the focus on to the iron ore seaborne traders. However the main takeaway is that although short-term prices can stay low (sub US$90/t), there will be a material supply response to get prices back to US$100/t.
http://www.rns-pdf.londonstockexchange.com/rns/1400M_-2012-9-12.pdf
Iron Ore: As mentioned earlier, iron ore prices came off hard during August, falling 23.5% during the month from US$117/t to US$89.4/t. Indeed this fall followed a weak July as well, where it started the month at US$134/t. This drop in pricing has been primarily driven by destocking in China, similar to the price drop off in September/October 2011. However a Macquarie report highlights one key difference. Whereas the 2011 drop was due to smaller mills simply buying less ore to reduce inventory, this price drop has been despite purchasing activity hardly deteriorating at all.
This implies that inventory volumes have run down instead by increasing the rate of consumption of iron ore –by keeping pig iron and crude steel production volumes at a high level. The risk with this is that if the smaller mills are yet to show sign of significant upstream production cuts, there is still more downside risk for iron ore, which could mean that the short-term cost support could be as low as US$80/t:
The question remains as to why iron ore prices have performed so badly if smaller mills have only reduced their purchasing activity by a relatively small amount of 7%. This is due to the behaviour of the larger steel mills, who are currently cutting production and inventory levels. In August Macquarie reported that iron ore demand by the larger mills fell by 13%. All in all, apparent Chinese mill iron ore demand fell 11%, or 104mtpa. What most market analysts seem to think, though, is that this dip is a short-term issue, although it is possible that this will continue for 1-3 months if China opts to defer any stimulus measures until the new government is announced. At US$100/t prices, 42% of China’s mine supply will be out of the money, which will certainly shift the focus on to the iron ore seaborne traders. However the main takeaway is that although short-term prices can stay low (sub US$90/t), there will be a material supply response to get prices back to US$100/t.
http://www.rns-pdf.londonstockexchange.com/rns/1400M_-2012-9-12.pdf
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AFCR one to maybe take a look at if you like small gold plays and can stomach Zimbabwe risk
Chart looks like it's bottomed, announced 4m oz of gold in Zimbabwe with plans for BFS to produce 100k oz per annum with some open pit. That could generate $50-100m of cashflow a year. Not bad for a £15m Market Cap company. Mind you Mugabe hates them so expect it to be a struggle !
I like slides 6 and 7 of this August 2012 presentation. Nice to see Management who are a bit switched on.
http://www.acrplc.com/Investors/Presentations/Investor Presentation - website.pdf
Chart looks like it's bottomed, announced 4m oz of gold in Zimbabwe with plans for BFS to produce 100k oz per annum with some open pit. That could generate $50-100m of cashflow a year. Not bad for a £15m Market Cap company. Mind you Mugabe hates them so expect it to be a struggle !
I like slides 6 and 7 of this August 2012 presentation. Nice to see Management who are a bit switched on.
http://www.acrplc.com/Investors/Presentations/Investor Presentation - website.pdf
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CNBC guy described Bernanke as 'populist'. Making a clear pitch to 'Main Street' that they have 'got their back'. He wants to instill confidence. Goes back to the comments earlier from jaspa. Fed can play with monetary levers but it needs economic actors to increase demand/investment. He stressed 'communication tools'.
Also seemed to be message to Obama to grow some balls re fiscal policy.
Coal, gold and iron ore stocks going up.
Also seemed to be message to Obama to grow some balls re fiscal policy.
Coal, gold and iron ore stocks going up.
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mining786
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A short extract from one of the best books I've ever read, Reminiscences of a Stock Operator. Definitley one to read if you haven't read it already.
“I think it was a long step forward in my trading education when I realized at last that when old Mr. Partridge kept on telling the other customers, “Well, you know this is a bull market!” he really meant to tell them that the big money was not in the individual fluctuations but in the main movements – that is, not in reading the tape but in sizing up the entire market and its trend.”
- Jesse Livermore
“I think it was a long step forward in my trading education when I realized at last that when old Mr. Partridge kept on telling the other customers, “Well, you know this is a bull market!” he really meant to tell them that the big money was not in the individual fluctuations but in the main movements – that is, not in reading the tape but in sizing up the entire market and its trend.”
- Jesse Livermore
mining786
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The market is going to soar higher, and we should see many breakouts as the market rally ensues. Good times!
jaspa888
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Hmmm, not too sure of short term prospects.
The main reason for the depressed market has not been the state of the US economy but the sovereign debt crisis in Europe. Yesterday's announcement will do very little to alleviate that.
The main reason for the depressed market has not been the state of the US economy but the sovereign debt crisis in Europe. Yesterday's announcement will do very little to alleviate that.
3 major macro issues as I see it
Potential Chinese hard landing
Europe sovereign debt issues
US jobless recovery
Hopefully Fed now targetting job growth will also bolster confidence re China but yes Europe need to sort out their own house as well. Then once new Chinese leadership is in place expect them to try to stimulate their real economy whilst stopping fall out from property bubble. Quite a tightrope they'll be walking.
Potential Chinese hard landing
Europe sovereign debt issues
US jobless recovery
Hopefully Fed now targetting job growth will also bolster confidence re China but yes Europe need to sort out their own house as well. Then once new Chinese leadership is in place expect them to try to stimulate their real economy whilst stopping fall out from property bubble. Quite a tightrope they'll be walking.
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