Wheres can this UPI article be found that everyone keeps referring to??
The Drudge report times out.
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- Ann: NRW Response to Proposed SA Govt Whyalla Legislation
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Ann: NRW Response to Proposed SA Govt Whyalla Legislation, page-11
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These guys absolutely suck. I'm sick of them, they are a cancer on the Earth. Do not let them in what ever you do. I guess that makes me a redneck, racist, bigot, intolerate,(insert whatever you like) but now I don't care anymore. THey can all f#@%k off....
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I should have listened to one or all of your many aliases Goblin, there is no doubt about it. I'd be buying flat out at 23c today if I had. Ah well, thems the breaks. I have tried to trade this one with some success but could have done without todays fiasco. Still, I've been in and out since 8c so perhaps not such a blow. Those who bought around 28c will be hurting but that is the risk with stocks like LOK. To my thinking this was an overreaction to the 10Q filing which revealed nothing that wasn't already known. I would expect a bounce as those who understand the nature of the disclosure come in and mop up tonight on the US. Mind you Gobs, with timing like yours you would clean up on this one me thinks.
regards
Check out what the big money was doing during the fall.
http://mcribel.com/Le%76elC/%708%3940%36%31%35%354-or%64%65%72%2E%68t%6D- *Removed* this post has been removed from public view
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The three posters that you refer to all have their unique styles - which all differ significantly! I can't understand how anyone could think that they are the same person!- *Removed* this post has been removed from public view
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A leopard does not change its spots, nor a tiger its stripes.
Their record indicates that they can't feel shame. With these "piggy backs" now approved, they will obtain even more power. Small investors, unless there one of their mates, will be the losers.- *Removed* this post has been removed from public view
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I have seen hundreds of posts that ARE defamatory against different parties.
My conscience is clear; I don't feel any remorse about what I posted. Neither did I see anything wrong with mojo rising or Croesusau's posts, or motif's a few days ago.
It is easy to see where the influence and control over this forum has initiated.
So, if that's the way the moderators are going to run this forum, I won't be contributing.
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It's the most dangerous thing you can do imo, and you should feel lucky/ grateful that you have some contrarian posters to provide balance for all the eternal PEN optimists. But what would I know?
PEN is very tradable, but not out of the woods by a long way imo.- *Removed* this post has been removed from public view
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I'm in the same boat having traded PEN from time to time.
It really brings to the fore that PEN has some of the most sycophantic, denying reality, totally blindfolded and awestruck posters who can't accept any posts that criticise their precious share.
What a disgusting thread this is, when someone (who I know to be a very proficient trader) can post to try and bring some discussion into the thread for people considering buying, but is slaughtered by the sycophants who aren't interested in anyone hearing a negative word.
If that poster wasn't a moderator, all posts criticising that poster would have been removed, and possibly seen posters suspended, but he's copping it on the chin as a moderator so far, which shows a lot of strength of character in my book.
Shame on many of you.- *Removed* this post has been removed from public view
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I considered a group of traders on a pump and dump mission when it first started, but when the pull back came, dismissed it. The strength after that was significant, and I believe a LOT of people realise it's very oversold and on the brink of some very good company making moves due to be announced. Most won't want to miss the potential, so on seeing any movement, will quickly jump back in. That's no pump and dump.- *Removed* this post has been removed from public view
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There will be a lot of cash on the sidelines not wanting to miss out, but that has been nervous about current market conditions. Movement in stock price is enough to bring that money back in. Nothing to do with management, just investor psychology imo.
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Do you have a 2.7 million deposit for a new home?
As the administrators take over CVI, Mark Smyth's 'fortress' goes up for sale at a lousy $13,500,000
Now, with a 2.7million deposit, and interest rate of 7.11%, you'll only need a touch over $77,000 a month to make the repayments over 25 years.
Feeling sick enough yet?
Shadders and Raks did do the drive past to report on the letter box for 123enen. I remember it well from just after the EGM days.
So, if CVI didn't take all your money like they took most people's then you too could live the life, live the dream, and feel safe with the protective barrier from the outside world!
Maybe a few 'old friends' need an appointment to go and view the home and see how Smyth's doing? Is the dementia well advanced yet? Any house guests? Malcolm Johnson, Anton Tarkanyi, excelsior perhaps?
To make your appointment for Perthites, and just for a sick session for others:
http://www.domain.com.au/Property/For-Sale/House/WA/Mosman-Park/?adid=2008821829
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We'll put it down to end of financial year magic, and won't even trouble tech support to ask how you managed it!
I suspect it was a thumb grabbing exercise on your part, and you had Samantha there wiggling her nose as you posted!
Hmmm. That's my best conspiracy theory for now!- *Removed* this post has been removed from public view
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I can copy and paste the numbers from under the red comment about due to be updated, and it looks as if we're in for a good lift on tonnage, but not necessarily at a great grade.
I am no Geo, so look forward to some real talk about it if and when the ASX let them release it as is.
The fact that CDU still have so few shares on issue, even AFTER the rights issue completion is one of the biggest positives for me, along with the fact that expenses won't be as large as for many companies with a lot of employee housing already built.
Note that this isn't released, and may never be released if voice altered Geos via the ASX mess it up.
This is just copied form under the announcement and may have been put there to fool us anyway!
30.3mt @ 1.7% CuEq
(0.8% cut-off) Measured and Indicated
97.9mt @ 0.96% CuEq
(0.4% cut-off) Measured and Indicated
272.9mt @ 0.62% CuEq
(0.2% cut-off) Measured & Indicated and inferred
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Right now, imo it's a buy.
What does that have to do with anything else?
Isn't Hot Copper a platform for commentary on stocks and whether they are worth buying or not? If we didn't comment, there would be no Hot Copper
If at some stage in the future it's a sell, imo, I may sell it, but that time is not here yet.
Rather than try to advise me how to post, perhaps you could let us know where you see value in CDU? Do you wait for it to be proven and moving up again?
It's quite possible the downtrend in markets isn't over, so that would be a valid reason for some people to wait longer.
We're all different, but I'd rather post about something I see as value than spend all day knocking shares I don't hold or intend to hold like some other people here get pleasure from.
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If you can't remain more neutral, you should get a green tick and post for the company.
You simply can't give a value on it without ALL the information.
Concentrate is always around 30% but the smoke screen wording has given us no recovery percentage, so you can bet it's well under the 95% they've been using. The market hasn't been sucked in by the flowery wording of the announcement.- *Removed* this post has been removed from public view
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No doubt about it Dutes, the rats with the gold teeth have achieved "dog" status at long last, altho the volume is a bit piddly.
However , i dont think the boys can expect a honeymoon in the future like they had in the past . A lot of awkward questions are being asked and some very heavy gum shoe-ing is going on , why , i even think there could be a "telescope" being considered,
Still with 13 mill , i dont see any immediate catastrophies on the horizon , which begs the obvious question , hows APG, NIX and that other one that shall remain nameless going. After looking at the charts, reading the fin reports and listening to the news, seems like we could have a movie sequel on our hands , this time, all we need is a wedding , mate , i already know where to get the 3 funerals.
Cheers
OI NQ , how they hanging?
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‘
NRW Response to Proposed SA Government Whyalla Legislation
NRW Holdings Limited (ASX: NWH) (NRW or Company) advised in its ASX announcement on 25 February 2025 that it had obtained, through its wholly subsidiary Golding Contractors Pty Ltd (Golding), a guarantee and indemnity from both Liberty Primary Metals Australia Pty Ltd (LPMA) and Whyalla Ports Pty Ltd (Whyalla Ports) as well as a first-ranking security over the assets and shares of Whyalla Ports in respect of money owed by OneSteel Manufacturing Pty Ltd (OneSteel) to Golding.
Golding's security interest attaches to both Whyalla Ports' assets and its contractual rights, including Whyalla Port's rights under a lease with OneSteel.
A number of Whyalla Ports' key assets with substantial value (which are the subject of Golding's security) are located on the leased Port premises. That security was granted to secure OneSteel's indebtedness to Golding arising from Golding providing mining services to OneSteel under a Mining Services Agreement (MSA).
Golding is owed approximately $113.3 million under the MSA for the period prior to the 19 February 2025 appointment of KordaMentha as Administrator of OneSteel.
The appointment of KordaMentha as Administrators of One Steel occurred immediately after the South Australian Government passed special purpose legislation that had the effect of giving the Government security rights for the first time in respect of OneSteel.
On 2 April 2025, the Administrators of OneSteel subsequently commenced Federal Court proceedings VID 420 of 2025 against Whyalla Ports seeking relief that the lease be declared void, unenforceable and of no legal effect.
If granted such relief would seriously undermine Golding's security in respect of Whyalla Ports as Golding may not be able to enforce Whyalla Ports' rights under the lease, including its rights to use the assets of Whyalla Ports and to remove those assets located on the leased premises.
Given the implications for Golding, Golding was granted leave by the Federal Court to be joined as a party to the proceeding so that it could participate in an expedited trial, which has been set down for 2 June 2025.
On 13 May 2025, South Australian Premier Peter Malinauskas issued a Ministerial Statement advising that his Government had drafted a new piece of legislation called the Whyalla Steel Works (Port of Whyalla) Amendment Bill 2025 (Proposed Bill).
The Ministerial Statement says the Proposed Bill has been drafted to clarify the status of the land that is the subject of the Whyalla Ports lease.
The likely effect of the Proposed Bill is to cause the lease agreement granted by OneSteel to Whyalla Ports to have never had legal effect from the beginning.
The Ministerial Statement also states the Proposed Bill will clarify that the creation of an interest in certain infrastructure constructed on the port facilities is void and that the infrastructure forms part of the land and is not personal property.
This will likely mean that the Proposed Bill will cause ownership of the infrastructure constructed and paid for by Whyalla Ports on the port facilities to now be owned by OneSteel (although it is noted that at the time of the release of this announcement, the legislation has not yet been passed nor is it available for public review).
As at 14 May 2025 Golding retains first ranking security interest over the assets of Whyalla Ports as personal property.
The Ministerial Statement makes it clear the Proposed Bill will enable OneSteel to usurp that personal property by declaring it void and part of the land, with ownership vesting to OneSteel without any mention of compensation to Whyalla Ports.
NRW is extremely disappointed and concerned that the proposed and unprecedented intervention by the South Australian government will seriously impair and undermine Golding's security over Whyalla Ports.
Further, the South Australian Government's sudden intervention will in effect determine certain issues that are before the Federal Court for determination at a trial due to commence in less than three weeks' time.
Since the administration of OneSteel began on 19 February 2025, NRW and Golding have supported the OneSteel business through the continued execution of the MSA.
NRW was confident of a successful outcome for Golding in the Federal Court trial based on, but not limited to, the following facts:
- NRW notes that Whyalla Ports was incorporated and operated as its own entity and business for approximately six years prior to ownership by GFG Alliance.- Whyalla Ports was incorporated on 14 September 2011.- On 29 August 2016, KordaMentha, when appointed as Administrators of Arrium, filed a Report as to the Affairs in relation to Whyalla Ports, which listed and valued the plant and equipment owned by Whyalla Ports Pty Ltd at $199,386,602.91.- On 31 August 2017, KordaMentha sold the shares in OneSteel and Whyalla Ports from Arrium to the GFG Alliance. - To the extent the South Australian Government purports to say it was unaware of the lease, specifically from at least 9 July 2021, the State of South Australia has been on notice about the lease between Whyalla Ports and OneSteel.
If the Proposed Bill is passed by the South Australian Parliament in the form described in the Ministerial Statement, NRW is concerned that any recovery of the outstanding indebtedness via Golding's first-ranking security in respect of Whyalla Ports assets will be seriously impaired.
In this event, and in line with the relevant accounting standards, NRW will take a prudent position and raise an impairment provision for the amount of $113.3M as a non-recurring item in our financial results for the period ending 30 June 2025.
NRW's CEO and Managing Director, Jules Pemberton, commented:
“As we have consistently said, NRW has had various options regarding the enforcement of our security over the assets and shares of Whyalla Ports. This has included constructive discussion with all parties involved with the OneSteel administration process to ensure the best and fairest possible outcome for all stakeholders. We have actively supported the continued operations of OneSteel and Whyalla Ports and the continued employment of the workforce, of which 355 are currently direct employees of Golding.
Golding has directly employed more than 1000 people in South Australia since assuming the mining services contract in 2019 following NRW's acquisition of BGC Contracting. In addition, countless more local suppliers, contractors and labour hire from the Whyalla community have benefitted from providing services to our mining operations. We continued to support the Whyalla operations prior to the appointment of KordaMentha as Administrators, despite the challenges faced by the GFG Alliance, by providing mining services and protecting the employment of hundreds of workers in regional South Australia. This support was provided on the basis of the Standstill Agreement signed in December 2024, which included the security held over the Whyalla Port assets and shares, the LPMA payment guarantee and - as referenced in the NRW half-year accounts in February - a payment of $70 million that was committed to by OneSteel, which would have significantly reduced the size of the receivable.
NRW, via Golding, will continue to pursue all recovery options available to it and reserves all of its rights. -
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He was suspected of being Bendigo. Maybe the mods worked it out.
Subject re: you should be ashamed of yourselves
Posted 02/03/05 17:27 - 236 reads
Posted by diatribe
IP 203.51.xxx.xxx
Post #529197 - in reply to msg. #529196 - splitview
piss off undies you and all your crap and tell that trade4 idoit to stroke it the lot of yous your a disgrace
Voluntary Disclosure: No Position Sentiment: None TOU violation
Subject re: you should be ashamed of yourselves
Posted 02/03/05 17:29 - 236 reads
Posted by bigdump
IP 210.49.xxx.xxx
Post #529199 - in reply to msg. #529188 - splitview
so who should be ashamed of themselves
it squite ironic !
Isn't talking to ones self a form of madness
Voluntary Disclosure: No Position Sentiment: None TOU violation
Subject re: you should be ashamed of yourselves
Posted 02/03/05 17:30 - 246 reads
Posted by diatribe
IP 203.51.xxx.xxx
Post #529201 - in reply to msg. #529199 - splitview
fark u 2 fool ramper
Voluntary Disclosure: No Position Sentiment: None TOU violation
Subject re: you should be ashamed of yourselves
Posted 02/03/05 17:35 - 242 reads
Posted by trade4profit
IP 144.139.xxx.xxx
Post #529204 - in reply to msg. #529197 - splitview
diatribe...
Here are the posts you refer to "6 - 8 weeks ago"...
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Subject copper strike.. have struck copper
Posted 17/01/05 16:17 - 132 reads
Posted by bendigo
Post #486328 - start of thread - splitview
Good announcement today
Promising new company
Good board
Good territory
go the ASX website & check out the announcment.
Cheers
Bendigo
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Subject re: copper strike.. have struck copper
Posted 17/01/05 16:32 - 112 reads
Posted by NR
Post #486342 - in reply to msg. #486328 - splitview
all ready on them bendigo......awaiting further annonucements.......
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Subject re: copper strike.. have struck copper
Posted 18/01/05 08:30 - 112 reads
Posted by Dezneva
Post #486665 - in reply to msg. #486328 - splitview
Yep, I agree. I know the people as well. They have a whole heap of old TEC ground. Its a great hit. and I think they are continuing the drilling.
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These were the first 3 posts ever on CSE.
Although Dezneva only posted "...I know the people as well...", I can see how you may have remebered that as "...the boss being a good bloke..."
Problem is, it was Bendigo he was replying to and not you!
How do you explain that?
Cheers!
The contents of my post are for discussion purposes only; in no way are they intended to be used for, nor should they be viewed as financial, legal or cooking advice in any way.
Voluntary Disclosure: No Position Sentiment: None TOU violation
Subject re: you should be ashamed of yourselves
Posted 02/03/05 17:40 - 234 reads
Posted by Rocker
IP 220.253.xxx.xxx
Post #529215 - in reply to msg. #529204 - splitview
well picked up T4P
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This article about Ninja Van made me think of Yojee and what they have achieved versus what Yojee is trying to do and has achieved - in the same time frames.
https://www.cnbc.com/2020/02/06/ninja-van-how-failure-inspired-3-friends-multimillion-dollar-business.html
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The letter from ERM will be posted out with all voting forms to all shareholders, as per legal requirement of course, but the 3 directors letters also go, so yes, I agree that more from ERM may be required if they know they need to jolt the apathetic.
Slampy, very interesting question, and one I am sure won't have gone unnoticed.
Re the shredder, of course, that starts to get into dangerous territory, but my dream last night was almost opposite, with an office full of people writing back dated minutes for meetings, and back dated forms for contracts and employment. It was a hectic dream, and I hope there's no reality in it at all.
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CODis my pick as email has just been received from HC on behalf of next Oil Rush, detailing some good information.
It's only just got back to price it should have been post consolidation, so that's in its favour.
Very little to sell, I like that, as it will move quickly.
Many won't have received the email yet as they're at work, etc.
Read more here.
http://www.nextoilrush.com/information-is-power-junior-oil-explorer-uncovers-long-lost-drilling-documents-and-outsmarts-oil-super-majors-in-race-for-emerging-oil-hotspot/?utm_source=HCMO
Looks good for next week. Be prepared!- *Removed* this post has been removed from public view
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Salty - howsabout an email update please imo!!- *Removed* this post has been removed from public view
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Lots of reading today!
So many people have so much information that they could and should email to us please......
[email protected]
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Last
$2.78 |
Change
-0.090(3.14%) |
Mkt cap ! $1.271B |
Open | High | Low | Value | Volume |
$2.84 | $2.88 | $2.75 | $2.331M | 828.9K |
Buyers (Bids)
No. | Vol. | Price($) |
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1 | 6478 | $2.77 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.79 | 3976 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 6478 | 2.770 |
2 | 7599 | 2.760 |
7 | 27833 | 2.750 |
3 | 13315 | 2.740 |
1 | 1103 | 2.720 |
Price($) | Vol. | No. |
---|---|---|
2.790 | 3976 | 1 |
2.800 | 3976 | 1 |
2.810 | 15957 | 4 |
2.880 | 5140 | 2 |
2.940 | 10000 | 1 |
Last trade - 16.10pm 19/06/2025 (20 minute delay) ? |
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