us update

Received this morning, update on OZwatch.
PrimaBiomed(ASX:PRR) a stock that we have unashamedly promoted as a good long term investment has announced a $25.5 million dollar convertible note arrangement with a US fund manager SpringTree. They describe themselves thus:-

"We invest in highly competent, passionate and dedicated management teams to assist them with achieving their vision and creating value for their shareholders.

SpringTree Global Investors, LLC (“SpringTree”) is a New York-based global private investment management firm. SpringTree focuses on debt and equity investments in small-cap and mid-cap publicly-traded companies around the world, particularly on companies requiring US$5 mil to US$150 mil in debt and/or equity.

The firm provides creative funding, individually structured for each investment opportunity. It invests across a broad range of industries and a wide range of geographies and economic environments.

SpringTree’s creativity and its team’s experience and skills allow it to consider investments in established profitable businesses, high growth developing companies, and distressed opportunities.

SpringTree is disciplined and selective in its value-creating approach. The firm wants to participate in the long-term success of its portfolio companies, but does not typically seek control investments or board seats. It aims to be a true and flexible partner to its investee companies and form long-term relationships with them, empowering the management to execute on its plans."

See announcement. http://www.asx.com.au/asx/statistics/announcements.do?by=asxCode&asxCode=PRR&timeframe=D&period=W The terms are very favuorable and when we take into account the fund managers were involved with the success of Dendreon (Nasdaq: DNDN) this issue augurs well for PRR. Should see significant gains as market absorbs the information.
AUSWATCH The Austtralian Listed Shares to Watch.


Consolidated Tin Mines (ASX:CSD) are nearing finalisation of offtake arrangement with Chinese buyers.
see: http://www.asx.com.au/asx/statistics/announcements.do?by=asxCode&asxCode=CSD&timeframe=D&period=W
Look for major Chinese investors to JV in developing one of world's largest tin fields. A steal at today's price.

GTI Resources (ASX:GTR) Expect major announcements regarding purchase of major coal mining operations in Asia and Europe.

Tasman Gold (ASX:TGX) We picked this one to treble and it did. Look for more action as they negotiate JV's on other holdings.

Queensland Mining (ASX:QMN) Copper and gold production to start in coming months. A star pick from WSF.

All responses are confidential but welcome.

William Bailey
Wall Street Finances