asx:AIV
ACTIVEX LTD has showed steady gains in the past week. still a bargain at 0.045 and there announcement this week. Gold find at intersection.
Make up your own mind and do your research.
SMA smartrans is another worth watching.
Dont forget NWT..Newstat. at 0.01 has won several contracts and seems on the up.
go to www.asx.com.au and type in the code to view company information. also go to google finance and look at their company info. Google.com/finance gives more financial information as well as a list of comparable companies.
Mega
Remember we are not financial advisors.. Sampson management Services (SMS) educate and inform only...We are Assett Management Consultants- we teach you about risk and how to measure that risk according to the international standards on Quality, Environment, OHS, and Risk management in an integrated approach. Ref standards: AS/NZS/ISO 9001, AS/NZS/ISO 14001, AS/NZS/ISO 4804, AS/NZS/ISO 4360.
Megamoneybox address is http://Megamoneybox.blogspot.com.au We try to help you earn money on the internet.We give free share trading tips. We aim to educate and enthuse. We are in Australia in the land of the Sun. We are asset management and risk consultants, are not financial advisors. You Trade at your own risk. We could be wrong. So do your homework. Go to our other blogs to de stress. We are not big risk takers. We asses, investigate, analyse and then decide.
Showing posts with label free tips. Show all posts
Showing posts with label free tips. Show all posts
Wednesday, September 7, 2011
Friday, July 8, 2011
TVN Corp announcement re shares placement at 0.02 c
So for those who hold TVN, there is now an opportunity to get more shares at .02c. This is to help fund the aquisition of the mongolian thermal coal project. see below.
"TVN Corporation has placed 76 million shares at USD 0.02 to raise USD 1.52 million to fund the 100% acquisition of the Nuurst Thermal Coal Project in Mongolia.
The acquisition though is still subject to completion of due diligence and shareholder approval.
Nuurst has an exploration target of 50 million tonnes to 100 million tonnes of thermal coal with a calorific value range Qdaf 6200 to 6800 kilocalories per kilogram.
What is so fascinating about exploration and geological understanding in Mongolia is the lack of it with estimation that only three quarters of the country has been mapped to a scale of 1:200,000.
The underdeveloped and general lack of infrastructure in the country won't present much of a problem for TVN Corporation at this exploration stage.
The best part for the junior coal explorers in Mongolia is the country location next to China, offering potential funds for infrastructure and development support should a sizeable coal resource be discovered.
Boosting the coal possibilities even higher for Mongolian focused companies, the country has coal reserves estimated at over 150 billion tonnes".
(Sourced from www.proactiveinvestors.com.au)
Remember we are not financial advisors.. Sampson management Services (SMS) educate and inform only...We are Assett Management Consultants- we teach you about risk and how to measure that risk according to the international standards on Quality, Environment, OHS, and Risk management in an integrated approach. Ref standards: AS/NZS/ISO 9001, AS/NZS/ISO 14001, AS/NZS/ISO 4804, AS/NZS/ISO 4360.
"TVN Corporation has placed 76 million shares at USD 0.02 to raise USD 1.52 million to fund the 100% acquisition of the Nuurst Thermal Coal Project in Mongolia.
The acquisition though is still subject to completion of due diligence and shareholder approval.
Nuurst has an exploration target of 50 million tonnes to 100 million tonnes of thermal coal with a calorific value range Qdaf 6200 to 6800 kilocalories per kilogram.
What is so fascinating about exploration and geological understanding in Mongolia is the lack of it with estimation that only three quarters of the country has been mapped to a scale of 1:200,000.
The underdeveloped and general lack of infrastructure in the country won't present much of a problem for TVN Corporation at this exploration stage.
The best part for the junior coal explorers in Mongolia is the country location next to China, offering potential funds for infrastructure and development support should a sizeable coal resource be discovered.
Boosting the coal possibilities even higher for Mongolian focused companies, the country has coal reserves estimated at over 150 billion tonnes".
(Sourced from www.proactiveinvestors.com.au)
Remember we are not financial advisors.. Sampson management Services (SMS) educate and inform only...We are Assett Management Consultants- we teach you about risk and how to measure that risk according to the international standards on Quality, Environment, OHS, and Risk management in an integrated approach. Ref standards: AS/NZS/ISO 9001, AS/NZS/ISO 14001, AS/NZS/ISO 4804, AS/NZS/ISO 4360.
Wednesday, July 6, 2011
CGT biggest gold seam ever discovered under Ballarat
announcement June 21 2011. Then 10 mins on 7.30 report last week.
ASX:CGT
But itnhasnt moved much.. here's hoping mid August or September sees a big find...
Castlemaine Goldfields hits big gold in Ballarat
BY FIONA HENDERSON
21 Jun, 2011 01:20 PM
CASTLEMAINE Goldfields has unearthed one of Ballarat’s best ever gold finds.
Exploration drilling at its $3 million Ballarat Gold Project — roughly 500 metres under the Barkly Street skate park — has unearthed a gold vein valued about $1400 per tonne.
Castlemaine Goldfields managing director Matt Gill said it was one of the greatest strikes he’d ever seen.
“This is one of the best underground gold intersections recorded to date in the Ballarat goldfield, and reinforces our conviction that the best area to explore and mine for gold at Ballarat is at the northern part of the goldfield,” Mr Gill said.
“We need more confirmation but it has raised our hopes, based on the geological data.”
The 29.1 metre long strike was found in the Sulieman Line in the project’s northern section, with 32.1 grams of gold found per tonne.
“Thirty grams is about one ounce and one ounce is worth about $1400. This is a very high value.
“To put it in perspective, the average grade of gold found in WA is two grams per tonne.
“We need to do more follow-up drilling and we need to do more intersections.”
Mr Gill said the find was not even in the Ballarat Gold Project’s current mine plan.
“We can now add it into our mine plan. It’s certainly made us think twice I can tell you.”
Castlemaine Goldfields bought Ballarat Goldfields in March last year for $4.5 million after it proved a liability for former owner Lihir Gold.
The company immediately concentrated on the mine’s northern sections, with initial assay results in July last year finding minerals much higher up the mine than expected.
Mr Gill said it was still planned to turn on the project’s gold mill in September, with an expected 50,000 ounces of gold to be extracted annually. “We are currently extending the existing underground decline and this will pass close by this intersection.
“We now plan to conduct in-fill drilling with the objective of being able to add this mineralisation into our near-term gold production plan.
“This represents a great upside for us, as we progress on schedule towards first gold production in September this year.”
About 100 workers are employed at the Ballarat Gold Project.
Remember we are not financial advisors.. Sampson management Services (SMS) educate and inform only...We are Assett Management Consultants- we teach you about risk and how to measure that risk according to the international standards on Quality, Environment, OHS, and Risk management in an integrated approach. Ref standards: AS/NZS/ISO 9001, AS/NZS/ISO 14001, AS/NZS/ISO 4804, AS/NZS/ISO 4360.
ASX:CGT
But itnhasnt moved much.. here's hoping mid August or September sees a big find...
Castlemaine Goldfields hits big gold in Ballarat
BY FIONA HENDERSON
21 Jun, 2011 01:20 PM
CASTLEMAINE Goldfields has unearthed one of Ballarat’s best ever gold finds.
Exploration drilling at its $3 million Ballarat Gold Project — roughly 500 metres under the Barkly Street skate park — has unearthed a gold vein valued about $1400 per tonne.
Castlemaine Goldfields managing director Matt Gill said it was one of the greatest strikes he’d ever seen.
“This is one of the best underground gold intersections recorded to date in the Ballarat goldfield, and reinforces our conviction that the best area to explore and mine for gold at Ballarat is at the northern part of the goldfield,” Mr Gill said.
“We need more confirmation but it has raised our hopes, based on the geological data.”
The 29.1 metre long strike was found in the Sulieman Line in the project’s northern section, with 32.1 grams of gold found per tonne.
“Thirty grams is about one ounce and one ounce is worth about $1400. This is a very high value.
“To put it in perspective, the average grade of gold found in WA is two grams per tonne.
“We need to do more follow-up drilling and we need to do more intersections.”
Mr Gill said the find was not even in the Ballarat Gold Project’s current mine plan.
“We can now add it into our mine plan. It’s certainly made us think twice I can tell you.”
Castlemaine Goldfields bought Ballarat Goldfields in March last year for $4.5 million after it proved a liability for former owner Lihir Gold.
The company immediately concentrated on the mine’s northern sections, with initial assay results in July last year finding minerals much higher up the mine than expected.
Mr Gill said it was still planned to turn on the project’s gold mill in September, with an expected 50,000 ounces of gold to be extracted annually. “We are currently extending the existing underground decline and this will pass close by this intersection.
“We now plan to conduct in-fill drilling with the objective of being able to add this mineralisation into our near-term gold production plan.
“This represents a great upside for us, as we progress on schedule towards first gold production in September this year.”
About 100 workers are employed at the Ballarat Gold Project.
Remember we are not financial advisors.. Sampson management Services (SMS) educate and inform only...We are Assett Management Consultants- we teach you about risk and how to measure that risk according to the international standards on Quality, Environment, OHS, and Risk management in an integrated approach. Ref standards: AS/NZS/ISO 9001, AS/NZS/ISO 14001, AS/NZS/ISO 4804, AS/NZS/ISO 4360.
Monday, June 20, 2011
Re the market is in turmoil BUT theres potential with FML
Just while we feel like being bearish and hiding in a hole on a very bad day, FML Focus minerals rose and there seems to be some good buying.
WHY? because of this announcement below. They are making an offer for Cresent Gold.
Another possible opportunity is CRJ Castemaine. rose today by 12.82 % as per asx.com.au
Code Last % Chg Bid Offer Open High Low Vol
CGT 0.044 12.82% 0.044 0.045 0.043 0.051 0.043 63,970,442
press release
June 20, 2011, 12:06 a.m. EDT
Retransmission: Recommended Takeover of Crescent Gold by Focus Minerals
PERTH, WESTERN AUSTRALIA, Jun 20, 2011 (MARKETWIRE via COMTEX) --
-- Transaction to make Focus one of Australia's Top 5(1) Gold Producers
with a 230,000oz production target in 2012 from multiple open pit and
underground operations
-- Focus offering oneshare for every 1.18 Crescent shares in an off-market
bid
-- Offer represents 30.5% premium to Crescent's last close price of $0.05
per share(2)
-- Crescent Directors unanimously recommend shareholders accept the offer,
in the absence of a Superior Proposal
-- Pre Bid Agreement in favour of Focus for 19.9% of Crescent from Deutsche
Bank group
-- Increased management depth and operational experience to maximise the
value of Crescent's assets
-- Combined group will have a JORC Resource inventory of 4.3Moz of gold(3)
-- Strong rerating potential with the merged proforma EV/Resource multiple
at a 39% discount to the current peer average of A$107/oz
-- Significant synergies in combining two major West Australian mining
regions: Focus' established Coolgardie operations with Crescent's
significant open pit operations at the Laverton Gold Project
-- Combined group will have the financial strength to unlock Crescent's
extensive exploration upside across 1,400km(2) of tenements
Focus Minerals Limited ("Focus") (asx:FML) and Crescent Gold Limited ("Crescent") /quotes/zigman/30819 CA:CRA +10.00% (asx:CRE)(frankfurt:CRE5) are pleased to jointly announce that they have agreed to merge the companies by way of a conditional off-market takeover bid by Focus for all of the issued shares in Crescent ("Offer").
The Crescent Board unanimously recommend the Offer, and intend to accept the Offer in respect of their Crescent holdings, in the absence of a Superior Proposal.
The transaction will make Focus one ofAustralia's Top 5(1) gold producers with targeted annual production of 230,000oz, a combined JORC resource base of 4.3Moz of gold(3), and outstanding growth potential across two major Western Australian mining regions.
OFFER DETAILS
Focus and Crescent have executed a Bid Implementation Agreement ("BIA"), under which Focus agreed to make the Offer. The consideration being offered to Crescent Shareholders is one Focus share for every 1.18 Crescent shares, which represents a premium of 30.5% to Crescent's closing price on 17 June 2011(4).
The Offer is subject to customary conditions, including the following:
-- Minimum acceptance of 90%;
-- No Material Adverse Change; and
-- No prescribed occurrences.
The Offer conditions are set out in Schedule 2 of the BIA in Annexure C. Full particulars of the Offer will be provided in the Bidder's Statement.
The transaction has the support of Crescent's major shareholder, Deutsche Bank AG who has agreed to accept the Offer in respect of a 19.9% stake in Crescent pursuant to a Pre-Bid Agreement with Focus.
At the closing price of Focus shares on 17 June 2011 of 7.7 cents per share, the Offer represents an offer price of 6.5 cents per Crescent share, representing a premium of 30.5% on the closing price of Crescent shares on 17 June 2011 of 5 centsper share, a 29.10% premium to the 5day volume weighted average price ("VWAP") of Crescent shares of 5.1 cents per share and a 20.75% premium to the 30day VWAP of Crescent shares of 5.4 cents per share.
The Offer will be extended to any Crescent shares that are issued during the Offer period as a result of the exercise of Crescent options or conversion of convertible notes on issue before the Offer opens. However, Focus also intends to enter into private treaty arrangements with Crescent option holders to acquire their options in exchange for Focus shares on a ratio determined by reference to the respective exercise price and expiry date of their options.
TRANSACTION HIGHLIGHTS
The Boards of Focus Minerals and Crescent Gold consider that the combination of the two companies will provide significant strategic and financial benefits to both sets of shareholders:
Mr Campbell Baird, Chief Executive Officer of Focus Minerals said: "The merger of Crescent Gold and Focus Minerals provides a unique opportunity for both businesses to fast track their growth aspirations making Focus one of Australia's Top 5 gold producers.
"Once this transaction is complete this creates a strong platform for both companies' shareholders to benefit from a substantial value uplift from a significant increase in combined production, a doubling of gold resources, and the ability to step up exploration within Crescent's extensive landholding," Mr Baird said.
Mr Mark Tory, Managing Director of Crescent Gold said: "The Board of Crescent Gold considers the transaction to be a compelling opportunity for Crescent Shareholders to capture a premium for their shareholding and become part of a major new Australian gold producer. Post-acquisition, Crescent shareholders will be part of an entity with an exciting production and exploration growth profile, strong balance sheet, diversified asset portfolio, and a strong track record in mine operations."
Key compelling benefits for both Focus Minerals and Crescent Gold shareholders include:
-- Creates a Top 5 Australian Gold Producer - With a targeted annual
production of 230,000oz in 2012 and outstanding growth potential across
two major Western Australian mining regions, the combined company will
become a top 5(1)Australian gold producer.
-- Proven Track Record of Mine Operation - Focus has a deep management team
with proven development and mine operation capabilities, having
recommissioned the Three Mile Hill processing plant 18 months ago and
opened two new mining operations in the last three months. Focus will
use this operational expertise to maximise the value of Crescent's
assets.
-- Significant Resource Growth Potential - The combined group will have a
very significant JORC Resource inventory of 4.3Moz(3). Both the Laverton
and Coolgardie regions have demonstrated the opportunity for significant
resource growth on targeted exploration programmes. Focus brings the
immediate funds to accelerate exploration at Laverton, with strong group
revenues providing a basis to fund further exploration to expand group
resources.
-- Strong Operating Cash Flows - The transaction will create a combined
group with very strong anticipated operating cash flow.
-- Valuation Uplift - The implied EV/Resource ratio of the combined entity
is A$66/oz which is a 39% discount to the ASX listed gold producers
average of A$107/oz, implying a significant opportunity for a
revaluation of the combined group.
EXCLUSIVITY ARRANGEMENTS AND PRE-BID WITH CRESCENT SHAREHOLDER
The Board of Directors of Crescent has unanimously recommended that, in the absence of a Superior Proposal all Crescent shareholders accept the Offer, and all directors intend to accept the offer.
Pursuant to the BIA, Focus and Crescent have agreed customary exclusivity arrangements, including "no shop" and "no talk" provisions. The BIA also confers a matching right on Focus. See Annexure C for a copy of the BIA.
Focus has entered into a pre-bid acceptance agreement with Crescent's major shareholder, Deutsche Bank group, which through its wholly owned subsidiary Gulara Pty Ltd owns 29.23% of Crescent. The pre-bid agreement is in respect of 19.9% of Crescent. Separately, Focus has also been informed by Deutsche that its present intention is to accept the Offer in respect of the remaining 9.33%of Crescent shares it holds, no later than five days prior to the end of the Offer period, subject to there being no Superior Proposal. Deutsche Bank has no obligation to accept the Offer in respect of the remaining 9.33% stake and may dispose of these shares to a third party at any time.
LOAN & WORKING CAPITAL FACILITY ARRANGEMENTS
In May 2011 Focus provided a $3 million secured loan to Crescent which upon shareholder approval will turn into a convertible note. Once approved, that convertible note will be convertible into Crescent shares at the conversion price of the lower of $0.05 and 85% of 5 day VWAP of Crescent shares, with 1 free attaching option for each two shares provided.
In addition, on 17 June 2011, Focus provided a $10 million working capital facility to Crescent, which subject to shareholder approval, may be converted into convertible notes. These convertible notes will be convertible to Crescent shares on substantially the same terms as the May 2011 convertible note.
INDICATIVE TIMETABLE
The indicative timetable in relation to the Offer is set out below.
-----------------------------------------------------------------------
-----
Monday, 20 June 2011 Announcement of Transaction
----------------------------------------------------------------------------
Monday, 4 July 2011 Focus lodges its Bidder's Statement with ASIC and ASX
and serves it on Crescent
----------------------------------------------------------------------------
Monday, 4 July 2011 Crescent lodges its Target's Statement with ASIC and
ASX and serves it on Focus
----------------------------------------------------------------------------
Thursday, 7 July 2011 Joint despatch of Bidder's Statement and Target's
Statement
----------------------------------------------------------------------------
Thursday, 7 July 2011 Offer Opens
----------------------------------------------------------------------------
Monday, 8 August 2011 Close of Offer (unless extended)
----------------------------------------------------------------------------
Remember we are not financial advisors.. Sampson management Services (SMS) educate and inform only...We are Assett Management Consultants- we teach you about risk and how to measure that risk according to the international standards on Quality, Environment, OHS, and Risk management in an integrated approach. Ref standards: AS/NZS/ISO 9001, AS/NZS/ISO 14001, AS/NZS/ISO 4804, AS/NZS/ISO 4360.
WHY? because of this announcement below. They are making an offer for Cresent Gold.
Another possible opportunity is CRJ Castemaine. rose today by 12.82 % as per asx.com.au
Code Last % Chg Bid Offer Open High Low Vol
CGT 0.044 12.82% 0.044 0.045 0.043 0.051 0.043 63,970,442
press release
June 20, 2011, 12:06 a.m. EDT
Retransmission: Recommended Takeover of Crescent Gold by Focus Minerals
PERTH, WESTERN AUSTRALIA, Jun 20, 2011 (MARKETWIRE via COMTEX) --
-- Transaction to make Focus one of Australia's Top 5(1) Gold Producers
with a 230,000oz production target in 2012 from multiple open pit and
underground operations
-- Focus offering oneshare for every 1.18 Crescent shares in an off-market
bid
-- Offer represents 30.5% premium to Crescent's last close price of $0.05
per share(2)
-- Crescent Directors unanimously recommend shareholders accept the offer,
in the absence of a Superior Proposal
-- Pre Bid Agreement in favour of Focus for 19.9% of Crescent from Deutsche
Bank group
-- Increased management depth and operational experience to maximise the
value of Crescent's assets
-- Combined group will have a JORC Resource inventory of 4.3Moz of gold(3)
-- Strong rerating potential with the merged proforma EV/Resource multiple
at a 39% discount to the current peer average of A$107/oz
-- Significant synergies in combining two major West Australian mining
regions: Focus' established Coolgardie operations with Crescent's
significant open pit operations at the Laverton Gold Project
-- Combined group will have the financial strength to unlock Crescent's
extensive exploration upside across 1,400km(2) of tenements
Focus Minerals Limited ("Focus") (asx:FML) and Crescent Gold Limited ("Crescent") /quotes/zigman/30819 CA:CRA +10.00% (asx:CRE)(frankfurt:CRE5) are pleased to jointly announce that they have agreed to merge the companies by way of a conditional off-market takeover bid by Focus for all of the issued shares in Crescent ("Offer").
The Crescent Board unanimously recommend the Offer, and intend to accept the Offer in respect of their Crescent holdings, in the absence of a Superior Proposal.
The transaction will make Focus one ofAustralia's Top 5(1) gold producers with targeted annual production of 230,000oz, a combined JORC resource base of 4.3Moz of gold(3), and outstanding growth potential across two major Western Australian mining regions.
OFFER DETAILS
Focus and Crescent have executed a Bid Implementation Agreement ("BIA"), under which Focus agreed to make the Offer. The consideration being offered to Crescent Shareholders is one Focus share for every 1.18 Crescent shares, which represents a premium of 30.5% to Crescent's closing price on 17 June 2011(4).
The Offer is subject to customary conditions, including the following:
-- Minimum acceptance of 90%;
-- No Material Adverse Change; and
-- No prescribed occurrences.
The Offer conditions are set out in Schedule 2 of the BIA in Annexure C. Full particulars of the Offer will be provided in the Bidder's Statement.
The transaction has the support of Crescent's major shareholder, Deutsche Bank AG who has agreed to accept the Offer in respect of a 19.9% stake in Crescent pursuant to a Pre-Bid Agreement with Focus.
At the closing price of Focus shares on 17 June 2011 of 7.7 cents per share, the Offer represents an offer price of 6.5 cents per Crescent share, representing a premium of 30.5% on the closing price of Crescent shares on 17 June 2011 of 5 centsper share, a 29.10% premium to the 5day volume weighted average price ("VWAP") of Crescent shares of 5.1 cents per share and a 20.75% premium to the 30day VWAP of Crescent shares of 5.4 cents per share.
The Offer will be extended to any Crescent shares that are issued during the Offer period as a result of the exercise of Crescent options or conversion of convertible notes on issue before the Offer opens. However, Focus also intends to enter into private treaty arrangements with Crescent option holders to acquire their options in exchange for Focus shares on a ratio determined by reference to the respective exercise price and expiry date of their options.
TRANSACTION HIGHLIGHTS
The Boards of Focus Minerals and Crescent Gold consider that the combination of the two companies will provide significant strategic and financial benefits to both sets of shareholders:
Mr Campbell Baird, Chief Executive Officer of Focus Minerals said: "The merger of Crescent Gold and Focus Minerals provides a unique opportunity for both businesses to fast track their growth aspirations making Focus one of Australia's Top 5 gold producers.
"Once this transaction is complete this creates a strong platform for both companies' shareholders to benefit from a substantial value uplift from a significant increase in combined production, a doubling of gold resources, and the ability to step up exploration within Crescent's extensive landholding," Mr Baird said.
Mr Mark Tory, Managing Director of Crescent Gold said: "The Board of Crescent Gold considers the transaction to be a compelling opportunity for Crescent Shareholders to capture a premium for their shareholding and become part of a major new Australian gold producer. Post-acquisition, Crescent shareholders will be part of an entity with an exciting production and exploration growth profile, strong balance sheet, diversified asset portfolio, and a strong track record in mine operations."
Key compelling benefits for both Focus Minerals and Crescent Gold shareholders include:
-- Creates a Top 5 Australian Gold Producer - With a targeted annual
production of 230,000oz in 2012 and outstanding growth potential across
two major Western Australian mining regions, the combined company will
become a top 5(1)Australian gold producer.
-- Proven Track Record of Mine Operation - Focus has a deep management team
with proven development and mine operation capabilities, having
recommissioned the Three Mile Hill processing plant 18 months ago and
opened two new mining operations in the last three months. Focus will
use this operational expertise to maximise the value of Crescent's
assets.
-- Significant Resource Growth Potential - The combined group will have a
very significant JORC Resource inventory of 4.3Moz(3). Both the Laverton
and Coolgardie regions have demonstrated the opportunity for significant
resource growth on targeted exploration programmes. Focus brings the
immediate funds to accelerate exploration at Laverton, with strong group
revenues providing a basis to fund further exploration to expand group
resources.
-- Strong Operating Cash Flows - The transaction will create a combined
group with very strong anticipated operating cash flow.
-- Valuation Uplift - The implied EV/Resource ratio of the combined entity
is A$66/oz which is a 39% discount to the ASX listed gold producers
average of A$107/oz, implying a significant opportunity for a
revaluation of the combined group.
EXCLUSIVITY ARRANGEMENTS AND PRE-BID WITH CRESCENT SHAREHOLDER
The Board of Directors of Crescent has unanimously recommended that, in the absence of a Superior Proposal all Crescent shareholders accept the Offer, and all directors intend to accept the offer.
Pursuant to the BIA, Focus and Crescent have agreed customary exclusivity arrangements, including "no shop" and "no talk" provisions. The BIA also confers a matching right on Focus. See Annexure C for a copy of the BIA.
Focus has entered into a pre-bid acceptance agreement with Crescent's major shareholder, Deutsche Bank group, which through its wholly owned subsidiary Gulara Pty Ltd owns 29.23% of Crescent. The pre-bid agreement is in respect of 19.9% of Crescent. Separately, Focus has also been informed by Deutsche that its present intention is to accept the Offer in respect of the remaining 9.33%of Crescent shares it holds, no later than five days prior to the end of the Offer period, subject to there being no Superior Proposal. Deutsche Bank has no obligation to accept the Offer in respect of the remaining 9.33% stake and may dispose of these shares to a third party at any time.
LOAN & WORKING CAPITAL FACILITY ARRANGEMENTS
In May 2011 Focus provided a $3 million secured loan to Crescent which upon shareholder approval will turn into a convertible note. Once approved, that convertible note will be convertible into Crescent shares at the conversion price of the lower of $0.05 and 85% of 5 day VWAP of Crescent shares, with 1 free attaching option for each two shares provided.
In addition, on 17 June 2011, Focus provided a $10 million working capital facility to Crescent, which subject to shareholder approval, may be converted into convertible notes. These convertible notes will be convertible to Crescent shares on substantially the same terms as the May 2011 convertible note.
INDICATIVE TIMETABLE
The indicative timetable in relation to the Offer is set out below.
-----------------------------------------------------------------------
-----
Monday, 20 June 2011 Announcement of Transaction
----------------------------------------------------------------------------
Monday, 4 July 2011 Focus lodges its Bidder's Statement with ASIC and ASX
and serves it on Crescent
----------------------------------------------------------------------------
Monday, 4 July 2011 Crescent lodges its Target's Statement with ASIC and
ASX and serves it on Focus
----------------------------------------------------------------------------
Thursday, 7 July 2011 Joint despatch of Bidder's Statement and Target's
Statement
----------------------------------------------------------------------------
Thursday, 7 July 2011 Offer Opens
----------------------------------------------------------------------------
Monday, 8 August 2011 Close of Offer (unless extended)
----------------------------------------------------------------------------
Remember we are not financial advisors.. Sampson management Services (SMS) educate and inform only...We are Assett Management Consultants- we teach you about risk and how to measure that risk according to the international standards on Quality, Environment, OHS, and Risk management in an integrated approach. Ref standards: AS/NZS/ISO 9001, AS/NZS/ISO 14001, AS/NZS/ISO 4804, AS/NZS/ISO 4360.
Sunday, October 3, 2010
CMY - thorium
ASX:CMY produces Thorium, and has risen from 7 cents to 14 cents.
there has been a few risers lately in my under ten cent shares portfolio.
check it out here
http://finance.yahoo.com/q/ta?s=CMY.AX&t=1y&l=on&z=l&q=l&p=b,p&a=&c=
I'll post more tips lat er...
a $500.00 investment might pay off in the next few months.
Thorium is a much wanted commodity.
ASX:ABY is another. Copper production. I bgt in at 1.00 and its up to 1.14. that's 14%.
If you can't afford gold, copper is best.
I made some money when it was as low as 12 cents. I wish I hadn't sold!
Mega
Remember we are not financial advisors.. Sampson management Services (SMS) educate and inform only...We are Assett Management Consultants- we teach you about risk and how to measure that risk according to the international standards on Quality, Environment, OHS, and Risk management in an integrated approach. Ref standards: AS/NZS/ISO 9001, AS/NZS/ISO 14001, AS/NZS/ISO 4804, AS/NZS/ISO 4360.
there has been a few risers lately in my under ten cent shares portfolio.
check it out here
http://finance.yahoo.com/q/ta?s=CMY.AX&t=1y&l=on&z=l&q=l&p=b,p&a=&c=
I'll post more tips lat er...
a $500.00 investment might pay off in the next few months.
Thorium is a much wanted commodity.
ASX:ABY is another. Copper production. I bgt in at 1.00 and its up to 1.14. that's 14%.
If you can't afford gold, copper is best.
I made some money when it was as low as 12 cents. I wish I hadn't sold!
Mega
Remember we are not financial advisors.. Sampson management Services (SMS) educate and inform only...We are Assett Management Consultants- we teach you about risk and how to measure that risk according to the international standards on Quality, Environment, OHS, and Risk management in an integrated approach. Ref standards: AS/NZS/ISO 9001, AS/NZS/ISO 14001, AS/NZS/ISO 4804, AS/NZS/ISO 4360.
Tuesday, June 8, 2010
axe the tax... protest today
Protesters pressure PM to 'axe the tax'
ref http://au.biz.yahoo.com/100609/31/2diqb.html#Scene_1
Wednesday June 9, 2010, 4:09 pm
A 2,000-strong crowd has gathered on Perth's foreshore to protest against the Federal Government's mining super profits tax.
United under the slogan "axe the tax", the protesters rallied outside a hotel where Prime Minister Kevin Rudd addressed a Press Club luncheon.
But Mr Rudd is showing no signs of backing away from his tax reform ahead of his showdown with West Australian mining bosses.
Senior ministers have followed Mr Rudd to the west and will hear first hand what voters think about the tax at a community cabinet meeting this evening.
Mr Rudd will meet Fortescue Metals Group's Andrew Forrest, who has been one of the loudest critics of the tax, ahead of the meeting.
Mr Forrest joined the protesters who included Australia's richest woman, Gina Rhinehart.
She says the time for talking is over.
"Perhaps if there had been negotiations earlier it would have been different, but now the damage to Australia has gone on for too long," she said.
A number of Liberal MPs also attended the protest, including Julie Bishop and Wilson Tuckey, along with WA Liberal Party president Barry Court.
Protest organiser David Flanagan, who runs a junior Pilbara iron ore company, urged the Prime Minister to engage with the mining industry.
He says the Government's proposal to impose a 40 per cent tax on profits above a 6 per cent threshold will hurt.
"This is not big mining that is down there today. AMEC [Association of Mining and Exploration Companies] represents 170 small mining companies that employ between five and 25 people each," he said.
"We employ a lot of working families and we're not being listened to. So this is our best chance of getting our voice heard.
"We want to talk with the Government. We want to engage with the Government, but what's being proposed is going to take money out of the economy.
"If there's less money in the economy, there's less jobs, there's less projects, there's less taxation ultimately collected and that hurts all Australians."
Difficult talks
Mr Rudd is under pressure from mining companies to compromise on the tax proposal, with a strong push for him to change the definition of a "super profit".
He told the luncheon the Federal Government has got the tax rate correct and will help mining companies with generous transition arrangements.
He also defended the industry consultation process underway.
"I am here to listen. I sat down with folk yesterday. I'm sure I'll sit down with Twiggy [Andrew Forrest] before I leave town and probably others," he said.
"This is a democracy and if there are objections and concerns to aspects of the Government's tax reform proposal, it's good that people have the opportunity to put that sharply and to register their views."
Mr Rudd has promised an extra $2 billion will flow to WA through the Infrastructure Australia Fund.
Earlier he told Fairfax radio that talks over the tax will continue, but will be difficult.
"We are engaged in a continuing consultation with them and that will continue into the days and weeks ahead," he said.
"We think these consultations have been productive - we're learning various things from various companies about their individual circumstances, but this will be a very difficult negotiation."
But Federal Opposition Leader Tony Abbott says it is hard to see what compromises the Government can make.
Mr Abbott says the tax needs to be dropped before it causes more damage.
"The problem with this tax is that he can't change it without destroying his budget strategy and he can't keep it without destroying the resources sector's expansion in this country," he said.
"He's in a very difficult position."
Mr Rudd, meanwhile, says a meeting he had with BHP Billiton head Marius Kloppers in Sydney yesterday was cordial and frank.
"I'm always keen to listen to what the mining industry has to say," Mr Rudd said.
"We had a cordial and frank discussion and I'm sure we'll continue to do that in the future."
Remember we are not financial advisors.. Sampson management Services (SMS) educate and inform only...We are Asset Management Consultants- we teach you about risk and how to measure that risk according to the international standards on Quality, Environment, OHS, and Risk management in an integrated approach. Ref standards:AS/NZS/ISO 9001, AS/NZS/ISO 14001, AS/NZS/ISO 4804, AS/NZS/ISO 4360.
ref http://au.biz.yahoo.com/100609/31/2diqb.html#Scene_1
Wednesday June 9, 2010, 4:09 pm
A 2,000-strong crowd has gathered on Perth's foreshore to protest against the Federal Government's mining super profits tax.
United under the slogan "axe the tax", the protesters rallied outside a hotel where Prime Minister Kevin Rudd addressed a Press Club luncheon.
But Mr Rudd is showing no signs of backing away from his tax reform ahead of his showdown with West Australian mining bosses.
Senior ministers have followed Mr Rudd to the west and will hear first hand what voters think about the tax at a community cabinet meeting this evening.
Mr Rudd will meet Fortescue Metals Group's Andrew Forrest, who has been one of the loudest critics of the tax, ahead of the meeting.
Mr Forrest joined the protesters who included Australia's richest woman, Gina Rhinehart.
She says the time for talking is over.
"Perhaps if there had been negotiations earlier it would have been different, but now the damage to Australia has gone on for too long," she said.
A number of Liberal MPs also attended the protest, including Julie Bishop and Wilson Tuckey, along with WA Liberal Party president Barry Court.
Protest organiser David Flanagan, who runs a junior Pilbara iron ore company, urged the Prime Minister to engage with the mining industry.
He says the Government's proposal to impose a 40 per cent tax on profits above a 6 per cent threshold will hurt.
"This is not big mining that is down there today. AMEC [Association of Mining and Exploration Companies] represents 170 small mining companies that employ between five and 25 people each," he said.
"We employ a lot of working families and we're not being listened to. So this is our best chance of getting our voice heard.
"We want to talk with the Government. We want to engage with the Government, but what's being proposed is going to take money out of the economy.
"If there's less money in the economy, there's less jobs, there's less projects, there's less taxation ultimately collected and that hurts all Australians."
Difficult talks
Mr Rudd is under pressure from mining companies to compromise on the tax proposal, with a strong push for him to change the definition of a "super profit".
He told the luncheon the Federal Government has got the tax rate correct and will help mining companies with generous transition arrangements.
He also defended the industry consultation process underway.
"I am here to listen. I sat down with folk yesterday. I'm sure I'll sit down with Twiggy [Andrew Forrest] before I leave town and probably others," he said.
"This is a democracy and if there are objections and concerns to aspects of the Government's tax reform proposal, it's good that people have the opportunity to put that sharply and to register their views."
Mr Rudd has promised an extra $2 billion will flow to WA through the Infrastructure Australia Fund.
Earlier he told Fairfax radio that talks over the tax will continue, but will be difficult.
"We are engaged in a continuing consultation with them and that will continue into the days and weeks ahead," he said.
"We think these consultations have been productive - we're learning various things from various companies about their individual circumstances, but this will be a very difficult negotiation."
But Federal Opposition Leader Tony Abbott says it is hard to see what compromises the Government can make.
Mr Abbott says the tax needs to be dropped before it causes more damage.
"The problem with this tax is that he can't change it without destroying his budget strategy and he can't keep it without destroying the resources sector's expansion in this country," he said.
"He's in a very difficult position."
Mr Rudd, meanwhile, says a meeting he had with BHP Billiton head Marius Kloppers in Sydney yesterday was cordial and frank.
"I'm always keen to listen to what the mining industry has to say," Mr Rudd said.
"We had a cordial and frank discussion and I'm sure we'll continue to do that in the future."
Remember we are not financial advisors.. Sampson management Services (SMS) educate and inform only...We are Asset Management Consultants- we teach you about risk and how to measure that risk according to the international standards on Quality, Environment, OHS, and Risk management in an integrated approach. Ref standards:AS/NZS/ISO 9001, AS/NZS/ISO 14001, AS/NZS/ISO 4804, AS/NZS/ISO 4360.
Thursday, June 3, 2010
xstrata cancells projects
article form todays "The Australian"
KEVIN Rudd is refusing to budge on his super-profits tax after global miner Xstrata suspended $586 million worth of investment in Queensland yesterday, threatening 3250 jobs and triggering calls from Premier Anna Bligh and mining, business and union leaders to start genuine talks and compromise.
The sudden announcement to suspend further investment on the Wandoan thermal coal project and the Ernest Henry copper mine because of the fears over the resource super-profits tax dramatically increased the stakes in the tax war between the Rudd government and the miners because jobs are now at risk.
"Those people who got job termination notices today, this is no longer a war of words," Ms Bligh said yesterday. "This is causing real pain to Queensland families."
Xstrata yesterday cancelled 60 contract jobs after immediately suspending a $400m underground expansion of the Ernest Henry copper mine in northwest Queensland. It had planned to employ 190 people on the project. About $186m worth of work on the $6bn Wandoan mine and other coal projects in the centre of the state have also been suspended. Xstrata said the two projects would have created 3250 jobs, which were now "at risk".
Start of sidebar. Skip to end of sidebar.
Related CoverageTRADE: Minerals drive surplus
XSTRATA: Numbers don't add up for employees
HENRY ERGAS: Going retro with cash grab
IN DEPTH: Henry Tax Review
Rudd's claws out on mining tax Courier Mail, 1 hour ago
Rudd wrong on $6bn venture: Xstrata The Australian, 4 hours ago
Don't believe miners on tax, PM warns The Australian, 5 hours ago
Tax 'will cost Queensland $2.5bn' Courier Mail, 6 hours ago
Xstrata in warning over $6bn coal project Daily Telegraph, 8 hours ago
.End of sidebar. Return to start of sidebar.
Xstrata Coal chief executive Peter Freyberg said the decision was difficult. "This is devastating for the people involved, teams of people I have had working on it for several years - to have that all blown away as a result of a tax we have not seen, where the numbers and the models used is inappropriate for our industry is highly problematic," he said.
The mining sector is running a campaign against the tax and has delayed billions of dollars worth of projects. Yesterday's announcement was the first to directly affect mining jobs, although the tax is also affecting the value of mining companies listed on the stock exchange and held by investors, including superannuation funds.
One of the world's biggest resource fund managers revealed yesterday it had sold down a quarter of its BHP and Rio Tinto holdings because of the proposed tax.
JPMorgan Chase's Ian Henderson said Rio had been his biggest investment, about 4.5 per cent of the $US7 billion ($8.2bn) of resource assets under his control, but he had reduced his holding by about $US100 million. He also made a "reasonably significant" reduction in his holdings of iron ore miner Fortescue, but the JPMorgan funds had increased their stakes in goldminers.
"I'm sorry to say we've reduced our Australian exposure," Mr Henderson told Bloomberg. "I had not thought that the changes in Australia would be quite as drastic as they are proposed to be."
JPMorgan's chairman in Australia and New Zealand is Rod Eddington, a Rio director who this week added his voice to calls for the Prime Minister to restart negotiations with the industry.
Although Mr Rudd declared the government would not be pushed around by the industry, he said he was listening to calls for changes in negotiations for the tax. And Resources Minister Martin Ferguson said the mining companies and the government now agreed the debate was really about "how much tax is collected, how it's collected and who collects it".
Ms Bligh called for the Rudd government and miners to "get on with solving" the dispute over the 40 per cent tax on resource super profits. "I would urge both the federal government and the mining companies to get around the table, put down the baseball bats, stop the advertising and get on with solving it," she said. Australian Workers Union leader Paul Howes, whose union has funded advertising supporting the tax and attacking mining industry bosses, said last night Xstrata was a "good employer" but on this occasion, "I smell a rat and think they may have been led into an ideological argument". "It's a pretty ugly move and I don't believe it's because of the RSPT," Mr Howes said.
But he said it would be best for both sides to negotiate in "a cool and calm atmosphere".
"There's a case for everyone to take a step back and have some proper negotiations," he said.
Last night, Mr Freyberg slapped down the suggestion that suspension of the Queensland projects was a tactical ploy by the company in the mining industry's campaign against the tax. He said that after crunching the numbers on the tax, Xstrata had concluded that net profit from the new mine at Wandoan would fall from nearly $500m to "near zero".
Xstrata chief executive Mick Davis said the tax had "created significant uncertainty for the future of mining investment into Australia and would impair the value of previously approved projects and exploration to the point that continued investment can no longer be justified".
BHP Billiton chief executive Marius Kloppers also called last night for the government to change the terms of negotiations to avoid "massive unintended consequences" of the mining tax.
Infrastructure Australia head Rod Eddington, who advises the Prime Minister; the chairman of Qantas, Leigh Clifford; and the Business Council of Australia have also called on the government to enter serious negotiations on the new tax.
But Mr Rudd told parliament the government would not be bullied. "This government will not be intimidated by the statements of any mining company, foreign or domestic," he said, accusing the opposition of taking funding from the industry. "This government does not stand here as the puppet of parts of the mining industry, as those opposite do; this government stands here to act in the national interest on behalf of all Australians."
Remember we are not financial advisors.. Sampson management Services (SMS) educate and inform only...We are Asset Management Consultants- we teach you about risk and how to measure that risk according to the international standards on Quality, Environment, OHS, and Risk management in an integrated approach. Ref standards:AS/NZS/ISO 9001, AS/NZS/ISO 14001, AS/NZS/ISO 4804, AS/NZS/ISO 4360.
KEVIN Rudd is refusing to budge on his super-profits tax after global miner Xstrata suspended $586 million worth of investment in Queensland yesterday, threatening 3250 jobs and triggering calls from Premier Anna Bligh and mining, business and union leaders to start genuine talks and compromise.
The sudden announcement to suspend further investment on the Wandoan thermal coal project and the Ernest Henry copper mine because of the fears over the resource super-profits tax dramatically increased the stakes in the tax war between the Rudd government and the miners because jobs are now at risk.
"Those people who got job termination notices today, this is no longer a war of words," Ms Bligh said yesterday. "This is causing real pain to Queensland families."
Xstrata yesterday cancelled 60 contract jobs after immediately suspending a $400m underground expansion of the Ernest Henry copper mine in northwest Queensland. It had planned to employ 190 people on the project. About $186m worth of work on the $6bn Wandoan mine and other coal projects in the centre of the state have also been suspended. Xstrata said the two projects would have created 3250 jobs, which were now "at risk".
Start of sidebar. Skip to end of sidebar.
Related CoverageTRADE: Minerals drive surplus
XSTRATA: Numbers don't add up for employees
HENRY ERGAS: Going retro with cash grab
IN DEPTH: Henry Tax Review
Rudd's claws out on mining tax Courier Mail, 1 hour ago
Rudd wrong on $6bn venture: Xstrata The Australian, 4 hours ago
Don't believe miners on tax, PM warns The Australian, 5 hours ago
Tax 'will cost Queensland $2.5bn' Courier Mail, 6 hours ago
Xstrata in warning over $6bn coal project Daily Telegraph, 8 hours ago
.End of sidebar. Return to start of sidebar.
Xstrata Coal chief executive Peter Freyberg said the decision was difficult. "This is devastating for the people involved, teams of people I have had working on it for several years - to have that all blown away as a result of a tax we have not seen, where the numbers and the models used is inappropriate for our industry is highly problematic," he said.
The mining sector is running a campaign against the tax and has delayed billions of dollars worth of projects. Yesterday's announcement was the first to directly affect mining jobs, although the tax is also affecting the value of mining companies listed on the stock exchange and held by investors, including superannuation funds.
One of the world's biggest resource fund managers revealed yesterday it had sold down a quarter of its BHP and Rio Tinto holdings because of the proposed tax.
JPMorgan Chase's Ian Henderson said Rio had been his biggest investment, about 4.5 per cent of the $US7 billion ($8.2bn) of resource assets under his control, but he had reduced his holding by about $US100 million. He also made a "reasonably significant" reduction in his holdings of iron ore miner Fortescue, but the JPMorgan funds had increased their stakes in goldminers.
"I'm sorry to say we've reduced our Australian exposure," Mr Henderson told Bloomberg. "I had not thought that the changes in Australia would be quite as drastic as they are proposed to be."
JPMorgan's chairman in Australia and New Zealand is Rod Eddington, a Rio director who this week added his voice to calls for the Prime Minister to restart negotiations with the industry.
Although Mr Rudd declared the government would not be pushed around by the industry, he said he was listening to calls for changes in negotiations for the tax. And Resources Minister Martin Ferguson said the mining companies and the government now agreed the debate was really about "how much tax is collected, how it's collected and who collects it".
Ms Bligh called for the Rudd government and miners to "get on with solving" the dispute over the 40 per cent tax on resource super profits. "I would urge both the federal government and the mining companies to get around the table, put down the baseball bats, stop the advertising and get on with solving it," she said. Australian Workers Union leader Paul Howes, whose union has funded advertising supporting the tax and attacking mining industry bosses, said last night Xstrata was a "good employer" but on this occasion, "I smell a rat and think they may have been led into an ideological argument". "It's a pretty ugly move and I don't believe it's because of the RSPT," Mr Howes said.
But he said it would be best for both sides to negotiate in "a cool and calm atmosphere".
"There's a case for everyone to take a step back and have some proper negotiations," he said.
Last night, Mr Freyberg slapped down the suggestion that suspension of the Queensland projects was a tactical ploy by the company in the mining industry's campaign against the tax. He said that after crunching the numbers on the tax, Xstrata had concluded that net profit from the new mine at Wandoan would fall from nearly $500m to "near zero".
Xstrata chief executive Mick Davis said the tax had "created significant uncertainty for the future of mining investment into Australia and would impair the value of previously approved projects and exploration to the point that continued investment can no longer be justified".
BHP Billiton chief executive Marius Kloppers also called last night for the government to change the terms of negotiations to avoid "massive unintended consequences" of the mining tax.
Infrastructure Australia head Rod Eddington, who advises the Prime Minister; the chairman of Qantas, Leigh Clifford; and the Business Council of Australia have also called on the government to enter serious negotiations on the new tax.
But Mr Rudd told parliament the government would not be bullied. "This government will not be intimidated by the statements of any mining company, foreign or domestic," he said, accusing the opposition of taking funding from the industry. "This government does not stand here as the puppet of parts of the mining industry, as those opposite do; this government stands here to act in the national interest on behalf of all Australians."
Remember we are not financial advisors.. Sampson management Services (SMS) educate and inform only...We are Asset Management Consultants- we teach you about risk and how to measure that risk according to the international standards on Quality, Environment, OHS, and Risk management in an integrated approach. Ref standards:AS/NZS/ISO 9001, AS/NZS/ISO 14001, AS/NZS/ISO 4804, AS/NZS/ISO 4360.
Wednesday, May 26, 2010
FNT rose but the market will stay volatile
There were quite a few modest rises today including ASX:FMG, ASX:FNT, AND MANY OF THE TOP LEADERS. But the global market will remain volatile. Many countries owe trillions of dollars... almost unimagineable amounts, including UK owing approx 1.25 Trillion. Don't expect a miracle recovery.
Remember we are not financial advisors.. Sampson management Services (SMS) educate and inform only...We are Asset Management Consultants- we teach you about risk and how to measure that risk according to the international standards on Quality, Environment, OHS, and Risk management in an integrated approach. Ref standards:AS/NZS/ISO 9001, AS/NZS/ISO 14001, AS/NZS/ISO 4804, AS/NZS/ISO 4360.
Remember we are not financial advisors.. Sampson management Services (SMS) educate and inform only...We are Asset Management Consultants- we teach you about risk and how to measure that risk according to the international standards on Quality, Environment, OHS, and Risk management in an integrated approach. Ref standards:AS/NZS/ISO 9001, AS/NZS/ISO 14001, AS/NZS/ISO 4804, AS/NZS/ISO 4360.
Monday, May 24, 2010
May 21 2010 all global indices fell- and FNT
If you watch the financial news you'll hear that on Monday 24 May 2010, everything was rising again and tv newsreaders will say that the market rose by ..4% for example.BUT IT ROSE from its worst low since july 2009!
at 4330 it's still nowhere near its most recent high ..over 7000 points in Nov 2007.Its like facing a set of stairs. there is still a long way to the top and it might take 18 months to 2 years IF there are no more taxes, wars, drought, political unrest, volcanoes, major disease etc...
There will always be some companies rising when others fail but you need to do a lot of research, and then have some luck.
you could help yourself by watching the Price sensitive announcements (PSA)on the home page of the asx. www.asx.com.au and then chart them to see if you think they might attract predator buyers who will push the price up.. and remember this quote,
The Best of Times -- the Worst of Times
In 1859, Charles Dickens wrote in 'A Tale of Two Cities':
"It was the best of times, it was the worst of times; it was the age of wisdom; it was the age of foolishness; it was the epoch of belief, it was the epoch of incredulity; it was the season of Light, it was the season of Darkness; it was the spring of hope, it was the winter of despair ..."
be cautious, be careful and judge wisely.
FNT Frontier resources is a gold miner in New Guinea, therefore not concerned about the Aussie Govt's proposed 40% resource tax. They claim they have had some good results. Yesterday they had a Price sensitive announcement and were at .075 when I bought some. Worth buying a small parcel,under ten cents and promising..
Remember we are not financial advisors.. Sampson management Services (SMS) educate and inform only...We are Risk Asset Management Consultants- we teach you about risk and how to measure that risk according to the international standards on Quality, Environment, OHS, and Risk management in an integrated approach. Ref standards:AS/NZS/ISO 9001, AS/NZS/ISO 14001, AS/NZS/ISO 4804, AS/NZS/ISO 4360.
at 4330 it's still nowhere near its most recent high ..over 7000 points in Nov 2007.Its like facing a set of stairs. there is still a long way to the top and it might take 18 months to 2 years IF there are no more taxes, wars, drought, political unrest, volcanoes, major disease etc...
There will always be some companies rising when others fail but you need to do a lot of research, and then have some luck.
you could help yourself by watching the Price sensitive announcements (PSA)on the home page of the asx. www.asx.com.au and then chart them to see if you think they might attract predator buyers who will push the price up.. and remember this quote,
The Best of Times -- the Worst of Times
In 1859, Charles Dickens wrote in 'A Tale of Two Cities':
"It was the best of times, it was the worst of times; it was the age of wisdom; it was the age of foolishness; it was the epoch of belief, it was the epoch of incredulity; it was the season of Light, it was the season of Darkness; it was the spring of hope, it was the winter of despair ..."
be cautious, be careful and judge wisely.
FNT Frontier resources is a gold miner in New Guinea, therefore not concerned about the Aussie Govt's proposed 40% resource tax. They claim they have had some good results. Yesterday they had a Price sensitive announcement and were at .075 when I bought some. Worth buying a small parcel,under ten cents and promising..
Remember we are not financial advisors.. Sampson management Services (SMS) educate and inform only...We are Risk Asset Management Consultants- we teach you about risk and how to measure that risk according to the international standards on Quality, Environment, OHS, and Risk management in an integrated approach. Ref standards:AS/NZS/ISO 9001, AS/NZS/ISO 14001, AS/NZS/ISO 4804, AS/NZS/ISO 4360.
Wednesday, October 28, 2009
ABY and Risk - MINING LEASES NOT RENEWED
I've bragged about ABY (Aditya Copper) a few times,
and this week the RISK FACTOR has been highlighted.
After battling for 18mths with a huge global downturn and rising from 11 cents to 1.60 +, ABY has been falling and badly. Why? because "the external consultants didn't renew 8 of their mining leases..adjacent to their Niffty mine". What sort of management took their eye off the ball? The mining leases are essential to their mining business !
They say that the leases were not a main part of their business, however the market is spooked and sold.
The good thing about this situation, is that although the price may drop further - because of lost confidence- shareholders can can buy back in at a lower price.
BUT IT REMINDS US, that all business, and all human endeavour (and the sharemarket) is about RISK. You must anticipate potential risk and have a plan to deal with it. The US and Australian sharemarkets are down but some companies are rising.
LKO , PDY, JRV and TAM just to name a few good resource buys under 10 cents..
Remember we are not financial advisors..
Sampson management Services (SMS) educate and inform only...We are Assett Management Consultants- we teach you about risk and how to measure that risk according to the international standards on Quality, Environment, OHS, and Risk management in an integrated approach. Ref standards:
AS/NZS/ISO 9001, AS/NZS/ISO 14001, AS/NZS/ISO 4804, AS/NZS/ISO 4360.
and this week the RISK FACTOR has been highlighted.
After battling for 18mths with a huge global downturn and rising from 11 cents to 1.60 +, ABY has been falling and badly. Why? because "the external consultants didn't renew 8 of their mining leases..adjacent to their Niffty mine". What sort of management took their eye off the ball? The mining leases are essential to their mining business !
They say that the leases were not a main part of their business, however the market is spooked and sold.
The good thing about this situation, is that although the price may drop further - because of lost confidence- shareholders can can buy back in at a lower price.
BUT IT REMINDS US, that all business, and all human endeavour (and the sharemarket) is about RISK. You must anticipate potential risk and have a plan to deal with it. The US and Australian sharemarkets are down but some companies are rising.
LKO , PDY, JRV and TAM just to name a few good resource buys under 10 cents..
Remember we are not financial advisors..
Sampson management Services (SMS) educate and inform only...We are Assett Management Consultants- we teach you about risk and how to measure that risk according to the international standards on Quality, Environment, OHS, and Risk management in an integrated approach. Ref standards:
AS/NZS/ISO 9001, AS/NZS/ISO 14001, AS/NZS/ISO 4804, AS/NZS/ISO 4360.
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