Wheres can this UPI article be found that everyone keeps referring to??
The Drudge report times out.
GPR
geopacific resources ltd
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Ann: Commencement of New CEO and Selection of Sprott, page-19
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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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Sharenot 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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Sharere: 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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Sharere: 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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Sharelook 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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Sharere: 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- *Removed* this post has been removed from public view
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ShareThere 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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Sharesandune, 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!- *Removed* this post has been removed from public view
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ShareVery 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.- *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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Sharerogerm, 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.- *Removed* this post has been removed from public view
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ShareSo 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.- *Removed* this post has been removed from public view
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ShareAgree 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.- *Removed* this post has been removed from public view
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ShareI 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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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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ShareWe'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!- *Removed* this post has been removed from public view
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ShareI 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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ShareI 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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ShareShadow, 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.- *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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Sharere: 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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ShareMaybe 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.......
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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.
---
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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Share
SPROTT ANALYSIS / RECOMMENDATION $1.95
07 October 2020
Ticker: GPR AU Cash: A$31m Project: Woodlark Island
Market cap: A$112m Price: A$0.64/sh Country: Papua New Guinea
RECOMMENDATION (unc):BUY TARGET PRICE(unc):C$1.95/sh RISK RATING: HIGH
This week’s news of debt funding is a tremendous step forward for Geopacific in our view. Even on our
conservative assumptions (lifting mining and processing cost and higher capital cost vs DFS), our project
NPV5%-1850 stands at A$524m. That this is a vanilla open-pit CIL, has a new CEO with five years GM
experience at neighbouring Simberi, and Chair with a raft of PNG experience, further reinforces our positive
view on the name. However, Geopacific spent CY2020 in ‘overhaul’ mode as the management was bulked
out and DFS revalidated, meaning the stock missed the gold-price rally being up 12% YTD vs. 32% for the
GDXJ, and hence the current A$112m market cap. Although this is the opportunity for investors, it also
implies a very expensive 45% cost of equity. As such, this weeks A$140m funding package not only
dissipates funding risk, but the with gearing of 70% to DFS PP&E now reduces the equity requirement, with
the added benefit coming at a fraction of the cost of equity. Modelling conservatively as noted above with
a FD 274m share count, we estimate 1xNAV5%-1850 stands at A$2.20/sh at first-pour. As such, we adopt a
one-year forward 1xNAV5%-1850 valuation not to reflect the value today, but potential ‘exit valuation’
approaching production as noted above. Consequently we maintain our BUY rating and A$1.95/sh PT.
While the trajectory between now and production may have twists and turns, we feel our unit cost and FD
share count are conservative, and hence underpin our core investment thesis, that Geopacific could be a
‘multi-bagger’ for equity investors.
New CEO and debt lender selected as momentum builds toward year end revalidated DFS
New CEO Tim Richards has formally commenced his role as CEO this week. Alongside this the company
has selected Sprott Resource Lending as exclusive partner for US$100m finance facility comprising
US$85m of project finance and US$15m callable gold stream. The US$85m project finance bears a coupon
of LIBOR +6.25-7.25% with price participation agreement over 100koz (7.5koz pq) with the lender paid
the delta between US$1,475/oz and spot. The US$15m callable gold stream is paid in exchange for 70%
payment on 3.4% of production to 30koz and 1.7% on remaining production, callable for original outlay
at maturity of the PF facility. The debt follows existing technical due diligence, with key CPs for final
drawdown being equity, permits, and construction contracts. Ahead of finalisation, the company aims to
release a revalidated DFS toward year end.
Our view
As a ~A$100m market cap company ahead of this news, with a project-valuation of A$524m, the key
upcoming milestone for Geopacific was funding. With the stock at ~0.2xNAV (ungeared), the 45% cost of
equity implied by the current share price (discount rate where NPV equals market cap) is clearly high. This
weeks debt deal equates to ~70% gearing on DFS capital costs, an excellent result because not only does
it cornerstone the mine build with technical sign-off from ‘second set of eyes’, but more simply it reduces
the equity requirement, and at a fraction of the cost of equity. With see parallels with West African
Resources, where high-gearing from Taurus lowered the equity requirements; that stock is up from 25c
at that time to 115c in under 24M since, albeit supported by the gold price of course.
Outside project funding itself, today’s news completes an ‘overhaul’ for Geopacific which we think the
market has missed and/or the share price hasn’t yet reflected. In the last year the company has (1)
considerably improved its corporate governance (and ability to negotiate PNG) under PNG veteran Chair
Ian Clyne alongside other senior appointments; (2) appointed a new experienced mine-operator in Tim
Richards, fresh from a six year stint as GM at neighbouring Simberi mine (Allied / St Barbara) prior to
central roles; and now (3) a framework for lending has now been established, de-risking that process.
Page 2
Stepping back, because the company was in ‘overhaul mode’ during the 1H20 gold rally, its share price
has lagged being +12% YTD ahead of this news against the GDXJ at +32%. As a large medium-grade preproduction project, we would argue that the benefit of the +26% YTD gain in gold price is doubly leveraged
for a name this like, presenting a compelling equity investment case in our view on an overlooked name.
Valuation
Ahead of the company releasing a revalidated DFS (i.e. no change to mill design / mine plan) around year
end, we make no changes to our DCF model. We have already modelled capex of A$229m, and an
additional A$5m of central G&A and finance costs during the build. Operationally we model per mine plan,
but have conservatively already lifted mining and processing from US$1.88/t and US$10.33/t to US$2.49/t
and US$14.20/t, respectively. Even with these conservative inputs, our 1xNAV5%-1850 stands at A$524m on
an asset-only (ungeared basis), which is the core foundation of our investment thesis.
We leave our modelled funding requirement of A$233m unchanged, comprising A$199m DFS capex,
A$17m of increased SCP contingency to reflect the two years since the 4Q18 DFS, A$5m of G&A and cash
finance costs (75% of these are non-cash capitalised) to first pour, and A$13m of additional working capital
for flexibility on exploration. The latter is particularly important as the phased RAP allows access to nearmine areas not previously accessible to drill. We model the project finance on terms published. We would
expect to fine tune this once the DFS figures are revalidated toward year end.
We previously modelled A$129m of debt at 13% lender IRR, so today’s ~A$140m is ahead of that and
reduces the equity requirement. With single-digit coupon plus the gold participation agreement the
project finance is broadly in line with our forecast, with falling cost if the gold price drops to US$1,750/oz,
and equity upside from a rising gold price outstripping any cost of the gold participation agreement. On
the stream, we model 967koz of production, hence 889koz production falls under the 3.37% stream for
30koz streamed, with a residual 78koz falling under the 1.69% stream. This takes LOM stream to 31koz,
with 22koz payable or 2% of total production. The callable feature (at maturity of the PFF) lowers this
cost; at PF maturity we estimate a NPV5%-1850 for the residual stream of A$25m vs. A$21m repayment,
hence repayment at that time would appear logical given reserve growth is likely, and is how we have
modelled this, put stream costs on par with the PF.
Maintain BUY rating and A$1.95/sh PT
We model Woodlark on a DCF basis, net of finance costs and G&A. We fully-dilute our price target for
future mine-build equity. This is difficult to forecast at this stage given multiple upcoming positive
catalysts in the coming 6M, so we conservatively model 274m FD share count. We adopt a one-year
forward 1xNAV5%-1850 valuation not to reflect the value today, but potential ‘exit valuation’ once
approaching production. Based on our 4Q21 NAV of A$537m we maintain our BUY rating and A$1.95/sh
PT, noting 1xNAV fully funded, fully diluted sits at A$2.20/sh at the time of first gold in 2022. While the
trajectory between now and first pour may well have many twists and turns, that the value, net of all
finance costs and G&A, fully diluted to 274m shares, stands at over A$2/sh underpins our entire
investment thesis, and strong positive view on the name.
Why we Geopacific Resources
1. Vanilla CIL project with good logistics on PNG island
2. CEO Tim Richards prior GM of neighbouring mine Simberi
3. Exploration upside between pits and regionally once RAP complete / site cleared
4. Shovel ready pending funding
5. Materially undervalued to spot NAV
Page 3
Catalysts
4Q20: RAP continues
4Q20: revalidated DFS
1Q21: project financing and build start
2H22: first pour
Brock Salier
Partner, Sprott Capital Partners
M: +44.7400.666.913
[email protected]
Justin Chan
Director, Sprott Capital Partners
M: +44.7930.719.019
[email protected]
Chris Tonkin
Research Associate, Sprott Cap -
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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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ShareI 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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ShareAt 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!- *Removed* this post has been removed from public view
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Sharere: 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!!- *Removed* this post has been removed from public view
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ShareWhat 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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Mkt cap ! $73.19M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 1372681 | 2.2¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 2.3¢ | 321 | 1 |
View Market Depth
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 1372681 | 0.022 |
| 2 | 123850 | 0.021 |
| 5 | 2955100 | 0.020 |
| 3 | 775000 | 0.019 |
| 2 | 1050000 | 0.018 |
| Price($) | Vol. | No. |
|---|---|---|
| 0.023 | 321 | 1 |
| 0.024 | 298872 | 2 |
| 0.025 | 458573 | 2 |
| 0.026 | 655830 | 3 |
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