Wheres can this UPI article be found that everyone keeps referring to??
The Drudge report times out.
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elixir energy limited
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General chit chat thread., page-4823
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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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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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Then, (***DYOR etc etc)
Prompt to GroK:
is ASX:EXR undervalued, given it has 2.6tcfe of 2c contingent resource natural gasResponse:To assess whether Elixir Energy Limited (ASX:EXR) is undervalued based on its 2.6 trillion cubic feet equivalent (Tcfe) of 2C contingent resource natural gas, we need to evaluate its market capitalization, the value of its resources, and market sentiment, using Wallumbilla Hub prices as requested. The provided web results and prior calculations offer context, particularly regarding EXR’s Grandis Gas Project in Queensland’s Taroom Trough. Below is a detailed analysis.Step 1: Recap of 2C Resource ValuationFrom the previous response, the 2.6 Tcfe of 2C contingent resource natural gas was valued using a Wallumbilla Hub price of AUD 13.58/GJ (2025 producer contract price):- 2.6 Tcfe ≈ 2,743 petajoules (PJ) = 2,743,000 gigajoules (GJ).
- At AUD 13.58/GJ: 2,743,000 GJ × AUD 13.58/GJ ≈ AUD 37.25 billion.
- Adjusting for 2C resource uncertainty (20% valuation factor due to technical and commercial risks): AUD 37.25 billion × 0.2 ≈ AUD 7.45 billion.
This is a rough estimate, as 2C resources are not yet commercially viable, and development costs (e.g., drilling, infrastructure) could significantly reduce net value. The valuation range, using AUD 12/GJ to AUD 14.51/GJ, was AUD 6.58 billion to AUD 7.96 billion.Step 2: EXR’s Market CapitalizationAccording to web sources, EXR’s market capitalization was approximately AUD 43 million in early 2025 (February 24, 2025) and AUD 42 million in October 2024. For this analysis, we’ll assume a current market cap of AUD 43 million, as no more recent figure is provided and the share price has been volatile (e.g., dropping 58% after a disappointing flow test in October 2024).Step 3: EXR’s 2C Resource ContextWeb results indicate EXR has a total 2C contingent resource of approximately 3 Tcfe in the Taroom Trough, with specific bookings including:- 1.47 Tcf from the Daydream-2 well (a 328% increase reported in October 2024).
- Earlier reports cited 1.7 Tcfe across ATP 2044 and ATP 2077, with 1.2 Tcfe from ATP 2056 under a Santos farm-in deal.
- The 2.6 Tcfe figure aligns closely with EXR’s total 2C resource (~3 Tcf), suggesting the query refers to EXR’s primary Grandis Gas Project assets.
The project’s proximity to the Wallumbilla Gas Supply Hub and existing LNG infrastructure (three plants in Gladstone) enhances its potential value, as gas can serve domestic and international markets. However, a disappointing flow test result (1 MMSCF/day from five zones vs. 2.5 MMSCF/day from one zone) led to a 58% share price drop in October 2024, indicating market skepticism about commercial viability.Step 4: Valuation ComparisonTo assess if EXR is undervalued, compare its market cap (AUD 43 million) to the estimated 2C resource value (AUD 7.45 billion):- Market cap vs. resource value: AUD 43 million is approximately 0.58% of AUD 7.45 billion. Even accounting for the speculative nature of 2C resources, this suggests EXR’s market cap is a tiny fraction of its potential asset value.
- Industry benchmarks: In the oil and gas sector, 2C resources are often valued at USD 0.50–2.00 per Mcfe (thousand cubic feet equivalent) for contingent resources, depending on project maturity and location. Using a midpoint of USD 1.00/Mcfe:
- 2.6 Tcfe = 2,600,000 MMcf.
- 2,600,000 MMcf × USD 1.00/Mcfe = USD 2.6 billion.
- Convert to AUD (assuming AUD/USD 0.67): USD 2.6 billion ÷ 0.67 ≈ AUD 3.88 billion.
- This is lower than the AUD 7.45 billion calculated using Wallumbilla prices, as industry benchmarks account for development costs and risks more conservatively.
EXR’s market cap of AUD 43 million is only 1.1% of AUD 3.88 billion, suggesting potential undervaluation if the resources can be commercialized.Step 5: Factors Affecting UndervaluationSeveral factors influence whether EXR is undervalued:- Flow Test Disappointment: The October 2024 flow test result (1 MMSCF/day) underperformed expectations, reducing investor confidence in commercial flow rates. This likely contributes to the low market cap.
- Commercial Risks: 2C resources require significant capital for appraisal wells, infrastructure, and farm-in partnerships. EXR is pursuing funding, but terms are uncertain.
- Regional Potential: The Taroom Trough is attracting attention from majors like Santos and Shell, and a successful flow test by neighbor Omega Oil & Gas could validate the region’s commercial potential, potentially boosting EXR’s value.
- Management Expertise: EXR’s leadership, including Chairman Richard Cottee (ex-Queensland Gas Company, sold for AUD 5.3 billion) and MD Neil Young (ex-Santos), has a track record of success, increasing the likelihood of unlocking value.
- Market Sentiment: The 58% share price drop reflects a “knee-jerk” sell-off, which analysts suggest may be an overreaction, as majors evaluate projects based on broader data (e.g., resource size, infrastructure access).
- Analyst Views: Taylor’s “Speculative Buy” rating with a net asset value (NAV) range of AUD 0.27–0.58/share suggests significant upside from the current price (implying a market cap of ~AUD 300–600 million for ~1.1 billion shares outstanding).
Step 6: Comparison to Peers- Omega Oil & Gas: Market cap AUD 123 million with 1.7 Tcf 2C resources, compared to EXR’s AUD 43 million and 3 Tcf. EXR’s lower market cap per Tcf (AUD 14.3 million/Tcf vs. Omega’s ~AUD 72.4 million/Tcf) suggests relative undervaluation.
- Tamboran Resources: 2 Tcf 2C resources in the Beetaloo Basin, with a focus on first production by 2025. No market cap is provided, but its progress highlights regional interest in unconventional gas.
- Condor Energy: 1 Tcf 2C resources with a market cap of AUD 11 million, implying AUD 11 million/Tcf, even lower than EXR.
EXR’s market cap per Tcf is low compared to Omega but higher than Condor, suggesting it may be undervalued relative to some peers but not the cheapest in the sector.Step 7: Risks to Undervaluation Thesis- Technical Risks: Further flow tests or appraisal wells (e.g., ATP 2056 with Santos) must demonstrate commercial flow rates.
- Funding Needs: EXR requires capital for drilling, which could dilute shareholders if terms are unfavorable.
- Market Volatility: Gas prices are volatile, and Wallumbilla prices (AUD 13.58/GJ) could decline if domestic supply increases or global LNG demand softens.
- Regulatory and ESG Factors: Community relations and emissions reduction targets (e.g., Beach Energy’s 25% reduction by 2025) could impact project approvals.
Final AnswerBased on a 2.6 Tcfe 2C contingent resource valued at ~AUD 7.45 billion (using Wallumbilla Hub price of AUD 13.58/GJ and a 20% valuation factor), Elixir Energy (ASX:EXR) appears significantly undervalued with a market cap of ~AUD 43 million, representing just 0.58% of the estimated resource value.
Industry benchmarks (USD 1.00/Mcfe) suggest a lower value of ~AUD 3.88 billion, yet EXR’s market cap is still only 1.1% of this, reinforcing potential undervaluation.
Analyst ratings (e.g., Taylor’s NAV of AUD 0.27–0.58/share) and EXR’s larger resource size compared to peers like Omega (1.7 Tcf, AUD 123 million market cap) support this view.
However, risks such as disappointing flow test results, funding challenges, and commercial uncertainties temper this optimism. If EXR or regional peers (e.g., Omega) demonstrate commercial flow rates, and with interest from majors like Santos or Shell, EXR’s share price could rerate significantly.
For the latest Wallumbilla prices, check AEMO’s GSH data (https://aemo.com.au) or ACCC’s LNG netback reports (https://www.accc.gov.au).
***DYOR etc etc etc
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2.8¢ |
Change
-0.002(6.67%) |
Mkt cap ! $39.18M |
Open | High | Low | Value | Volume |
2.9¢ | 2.9¢ | 2.8¢ | $75.21K | 2.596M |
Buyers (Bids)
No. | Vol. | Price($) |
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1 | 906237 | 2.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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2.9¢ | 230599 | 1 |
View Market Depth
No. | Vol. | Price($) |
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1 | 906237 | 0.028 |
5 | 1077331 | 0.027 |
10 | 820561 | 0.026 |
13 | 3035136 | 0.025 |
3 | 1125140 | 0.024 |
Price($) | Vol. | No. |
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0.030 | 1572736 | 9 |
0.031 | 1792632 | 3 |
0.032 | 200000 | 1 |
0.033 | 525408 | 5 |
0.034 | 1011515 | 2 |
Last trade - 15.57pm 20/06/2025 (20 minute delay) ? |
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