Ann: HALFYR: CVT: Comvita Half Year Result and Di

  1. Wheres can this UPI article be found that everyone keeps referring to??

    The Drudge report times out.
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  2. Looking for stoploss on line.
    AOTonline? Challenger.com? Any others? AOT seems reasonable, $33 trade, $49.95/month, free if more than 8 trades/month. If database isn't accessed then $0/month. Seems reasonable, any opinions?
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  3. 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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  4. =http://www.geocities.com/barrybolton187/lok.jpg>
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  5. =http://www.geocities.com/barrybolton187/lok.jpg>
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  6. not so stupid now Up 10% Gobs baby, when's the big sell off due? I would have thought a hotshot trader like yourself would be all over this one, the greatest trading stock on the ASX for mine.
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  7. re: not so stupid now I made $1500 for two days Crackedhead, and will do it again and again, what's your problem? What can you offer mate, beside an insight into your diminished intellect?
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  8. re: not so stupid now Yeah, right peanut, aren't you the mega trader? Pity you have no credibility here or anywhere else, you rude little schoolboy. Get a job and stop bugging people....
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  9. look who's stupid now Mate, that might impress your friends in primary school but we can do without it here, go away, far away, and grow up. Just another multi-nicked dickhead aren't you?
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  10. re: not so stupid now**hey big ears**** You got me there big fella,
    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
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  11. Hotcopper has not changed in my absence....
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  12. There are infinite ways to lose money......infinite ways. Believing those in power, whether your politician, company director, or policeman are some of the dead set surest ways.
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  13. Load of crock? Load of crack more like.
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  14. Great user name, Colin.....where'd you pull that one from? Your behind?
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  15. sandune, you come across as being so deluded by hate.

    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!
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  16. Very direct, and good post. It's only others that will feel the shame for the directors TSS.

    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.
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  17. 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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  18. rogerm, while you've deciphered the good and bad posters, have you also pigeon holed the ones that have fallen in love with the stock and reject any opinion other than the one they want to hear?
    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.
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  19. So you can see both sides of the story matty.
    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.
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  20. Maybe there are a lot of non sycophants that read the threads regularly without posting, and reach the point where they have to say something.
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  21. Agree seuss.
    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.
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  22. I know. Maybe I didn't explain myself very well.
    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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  23. I believe you'll find that we now have SUPPORT at 10c.
    Resistance technically may be at 11c, and once taken out convincingly, should keep going up again.
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  24. 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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  25. lightbulb Created with Sketch. 2
    • Release Date: 28/11/13 10:32
    • Summary: HALFYR: CVT: Comvita Half Year Result and Dividend
    • Price Sensitive: No
    • Download Document  9.24KB
    					CVT
    28/11/2013 08:32
    HALFYR
    
    REL: 0832 HRS Comvita Limited
    
    HALFYR: CVT: Comvita Half Year Result and Dividend
    
    Comvita's net profit after tax (NPAT) for the six months to 30 September 2013
    is a loss of $0.8m on sales of $43.4.  This compares to an NPAT in the prior
    half year period of $2.4m on sales of $45.4m.  The result is in line with
    guidance given to the market on 11 October 2013.
    
    Comvita Chairman Neil Craig said, "For the year ended 31 March 2014, we
    remain confident of exceeding the $103.5m revenue and $7.4m NPAT we achieved
    in the 2013 financial year.  Against this background, we are maintaining our
    4 cents per share fully imputed interim dividend in respect of the first half
    year. This will be paid on 20th December 2013 for those registered on 13th
    December 2013. The dividend reinvestment plan will not apply."
    
    Second half sales and earnings stronger than first half
    Comvita CEO Brett Hewlett said, "At the time of giving our guidance on 11
    October 2013, we provided a detailed explanation of why revenue and earnings
    are increasingly biased toward the second half of our financial year."
    
    "Comvita has historically had a year of two profit halves with the second
    half year sales and earnings stronger than the first half due to many of our
    product lines primarily being consumed in the northern hemisphere winter
    months.  This effect is compounded by Asian tourists purchasing our products
    in New Zealand and Australia during the peak tourism season in our own
    summer.  As we grow our retail infrastructure in Asia and with the Australian
    market continuing to be quite soft, the effect of this year of two halves is
    becoming more pronounced."
    
    "While sales are down for the first six months on the prior comparable period
    by a little over $2m, shareholders should not read too much into this", says
    Mr. Hewlett.  "For this financial year ended 31 March 2014, we expect in
    excess of 60% of our total sales (56% in 2013) to be in the second half of
    the year.  Furthermore, we necessarily carry an overhead and marketing cost
    structure in place for the full year, which negatively impacts our first half
    earnings."
    
    Mr. Hewlett said, "Trading conditions in most markets have been challenging
    throughout the six month period but in particular in the wholesale markets of
    Australia and the United Kingdom (where we have limited sales direct to the
    consumer), price competition was strong."
    
    "Sales in Hong Kong, our second largest market after Australia, have begun to
    recover from the recent food security issues which heightened consumers'
    scrutiny of all imported food products from New Zealand.  We were hit
    particularly hard in the last two months of the six month period with respect
    to Hong Kong sales.  Over the last two months, we ran a marketing campaign
    based around food safety which has reassured our customers of the quality and
    integrity of the Comvita brand as we enter the Asian high season of December
    through to March.  We remain confident that sales in this key Asian market
    and other North Asian markets will be up to our budgeted figures over the
    second six month period."
    
    Bolstering raw material supply and security
    "While it is imperative to grow our revenue and profitability for the full
    year, we also have a strong focus on the key strategic initiative of
    increased control over our raw material supply and costs."
    
    "The announcement last month of the purchase of Tawari Apiaries in Gisborne
    provides a strong fifth hub for honey production in the North Island as well
    as providing a platform to build strategic, long term relationships with
    landowners in the East Coast region. Other Comvita wholly-owned apiary
    businesses are located at Kerikeri, Waikato, Whanganui and Wairarapa."
    
    "We are on target this year to have in excess of one third of our honey
    supplies from our 100% owned apiaries. Our strategic objective is to own 50%
    of our own supply of honey. The balance of our supply will come from long
    term contractual arrangements and partnership arrangements, which we value
    highly. Honey supply partnerships with Comvita involve a long term supply
    contract as well as access to significant knowledge of Manuka plant
    propagation. This is in addition to volume and value enhancing apiary
    production methodologies which we have built up over nearly 40 years."
    
    "Raw Manuka honey costs remain high and have impacted our gross margins over
    the last 12-18 months. There is mounting market resistance to continually
    rising prices which impacts sales generally. However, we expect this
    'farm-gate' price pressure to ease in the coming year. Supply and demand
    will naturally come into balance with the strong honey harvest of the last
    and current, season. Anecdotally, honey production from the northern half of
    New Zealand this current season appears to be significantly larger than last
    year's above average volume harvest. After two very poor harvests in 2010/11
    and 2011/12, this will enable Comvita to build an inventory of honey as a
    risk mitigation measure. Comvita's own 'in-house' production will also help
    our average cost of supply."
    
    Further investments for growth
    o The investment of $8.9m in Comvita shares by Derma Sciences, our specialist
    woundcare partner, will be used to support the company's apiary acquisition
    and harvest modernisation strategy, to ensure sufficient supply of
    medical-grade Manuka honey to meet the strongly growing demand for the
    Medihoney(TM) wound care product line.
    
    o In support of ensuring full control over quality and safety of any product
    we produce from Comvita, as announced on 25 September 2013, we invested a
    further $1m in world leading laboratory equipment.  This will provide us with
    a competitive edge when it comes to consumer confidence and trust in our
    brand.
    
    o The opening of our new Comvita Tourism Centre, 'Experience Comvita' will be
    the focus of branding and sales for the very large numbers of mainly offshore
    visitors from cruise ships and organised tours.  This joint venture with the
    Department of Discovery is new territory for Comvita with the objective not
    so much in the profit that will result from this operation, but brand
    recognition that will result in sales when visitors return to their home
    country.
    
    o Comvita has increased the planting programme of olive trees produced from
    our in-house nursery operation. More than 250,000 new trees are being planted
    at our new organic farm just west of Brisbane, Australia. These new trees
    will be ready for the first harvest of fresh olive leaf in approximately two
    years' time.
    
    o The Company is also investing in a number of system projects that are
    important in building our global sales infrastructure. These are a
    Point-of-Sale till system for retail outlets to better capture sales and
    customer data; a Demand Planner system to further optimise production
    planning and inventory management; an Apiary Management System to enable
    greater control of our expanding apiary business network and a rebuild of our
    website to provide a more effective, global E-commerce platform. Total
    capital spend of these projects is approximately $6.6m and will be completed
    over the next two to three years.
    
    Mr. Craig said, "We remain committed as a Board and Management to deliver
    both steady and growing income and dividends, and sustainable revenue
    growth."
    
    # Ends #
    
    For further information:
    Brett Hewlett, Comvita CEO, 021 740 160.
    Neil Craig, Comvita Chairman, 021 731 509
    Julie Chadwick, Comvita Communications Manager, 021 510 693
    
    Background information
    
    About Comvita (www.comvita.com)
    Comvita is an international natural health and beauty company committed to
    the development of innovative products, backed by credible scientific
    research. We are the global leader in Manuka (leptospermum) honey and
    fresh-picked Olive Leaf Extract, which are at the core of the Comvita product
    range. We have approximately one third of honey supply under our ownership
    with the balance of supply from long term contractual and partnership
    arrangements. Comvita's fresh Olive Leaf Extract is grown, harvested,
    extracted and bottled at the world's largest specialised olive leaf grove,
    with over 580,000 olive trees. Comvita sells into more than 18 countries
    through a network of wholesale and third-party outlets and online. We have
    offices in New Zealand, Australia, Hong Kong, Japan, Taiwan, South Korea and
    the United Kingdom.
    
    Comvita Limited
    Results for announcement to the market
    
    Reporting Period  6 months to 30 September 2013
    Previous Reporting Period  6 months to 30 September 2012
    
    This report, including the results for the previous reported half year, is
    consistent with the unaudited interim financial statements of Comvita Limited
    for the six months ended
    30 September 2013.
    
    Consolidated Results
    
    1. Results $NZ 000
    
    Revenue from ordinary activities
    Current half year $43,362
    Down 4.6%
    Previous reported half year $45,434
    
    Profit from ordinary activities after tax attributable to security holder
    Current half year ($790)
    Down 133.1%
    Previous reported half year $2,386
    
    Net profit attributable to security holders
    Current half year ($768)
    Down 132.4%
    Previous reported half year $2,386
    
    2.   Net Tangible Assets per Security
    As at 30 September 2013 $1.47
    As at 30 September 2012 $1.21
    
    3.   Interim Dividend
    Amount per security - 4 cents
    Fully imputed
    
    Record date is 13 December 2013
    Dividend payment date is 20 December 2013
    End CA:00244404 For:CVT    Type:HALFYR     Time:2013-11-28 08:32:36
    				
  26. tvp
    No answer from Arttse on that yet.......................
    Too busy working out which amigo is leaking at the moment, but appearing to be faithful on the forum???

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  27. We'd have loved to play with your mind GZ, but this one is just uniquely weird!

    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!
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  28. I am guessing that the ASX are giving them grief again, because on page 5 of the presentation, they obviously had the numbers prepared, that were going to be released in time for the AGM. (Obviously again is my guess)

    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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  29. I find that post rather repugnant and cynical cusox.
    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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  30. Shadow, that is bull dust, and you know it.
    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.
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  31. 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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  32. Announcement from ERM has made my day. :)

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  33. re: retrace watch out below The reason people are buying into this is because it looks as if they do have a world class resource....if that is the case this stock is very undervalued at current levels.
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  34. tvp
    Maybe this sheds some light on it ............................
    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"...

    ---

    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

    ---

    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.......


    ---


    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.

    ---


    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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  35. I get your drift joewolf.
    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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  36. I reckon you should all get a life personally!
    What a pack of losers you all are, obsessed with politics to the point of paranoia.
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  37. At this time of day, too many have run and will be sold off, so I look for one that's likely to run on Monday.

    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!
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  38. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20
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  39. tvp
    re: it goes like this? Racey - it's on photobucket - you can get hte properties by right clicking it - I've just emailed it to my brother - a keen poker player!

    Salty - howsabout an email update please imo!!
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  40. What a fascinating thread reading back 3 months!

    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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