MST metal storm limited

Ann: Letter to Shareholders , page-2

  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. Metals & Mining SECTOR NEWS

    Thick, High-Grade Gold Intercepts Demonstrate Robustness of Apollo Hill Resource

    20 Jun 2025 SATURN METALS LIMITED

    Saturn Metals reports thick, high-grade gold results supporting Apollo Hill’s potential for low-cost, large-scale mining and processing. In addition, a significant high-grade extensional intersection has... Read more

  5. =http://www.geocities.com/barrybolton187/lok.jpg>
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  6. =http://www.geocities.com/barrybolton187/lok.jpg>
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  7. 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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  8. 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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  9. 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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  10. 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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  11. 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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  12. Hotcopper has not changed in my absence....
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  13. 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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  14. Load of crock? Load of crack more like.
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  15. Great user name, Colin.....where'd you pull that one from? Your behind?
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  16. 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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  17. 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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  18. 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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  19. 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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  20. 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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  21. 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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  22. 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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  23. 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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  24. 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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  25. 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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  26. 33,065 Posts.
    lightbulb Created with Sketch. 9
    26 October 2011
    [Shareholder]
    [Address]
    Dear Shareholder
    Non-renounceable entitlement offer to raise up to approximately A$6.6 million
    This letter is to notify you that on 25 October 2011 Metal Storm Limited (ASX: MST) (Metal Storm)
    announced a non-renounceable pro rata entitlement offer of ordinary shares in Metal Storm to eligible
    shareholders in Australia, New Zealand and Singapore to raise up to approximately A$6.6 million
    (Entitlement Offer). The Entitlement Offer is not underwritten.
    This is an important capital raising for Metal Storm. The Metal Storm Board recommends the Entitlement
    Offer to all Eligible Shareholders who are entitled to subscribe for the same number of shares they currently
    hold at an issue price of $0.003 per share.
    Details about the Entitlement Offer
    The key information in connection with the Entitlement Offer and important dates are set out below for your
    reference:
    Details of the Entitlement
    Offer
    The Entitlement Offer is non-renounceable and is being undertaken on the
    basis of one new fully paid ordinary share (New Share) at an issue price of
    A$0.003 per share for every one share held.
    Who will be eligible to
    participate?
    The record date for determining shareholder entitlements is 7.00 pm (Sydney
    time) on 3 November 2011 (Record Date). Only shareholders who at the
    time have a registered address in Australia, New Zealand or Singapore will
    be eligible to participate in the Entitlement Offer (Eligible Shareholders).
    What happens if the
    aggregate payment
    amount for the New
    Shares I wish to subscribe
    for under the Entitlement
    Offer includes a fraction of
    a cent?
    In these circumstances, the aggregate payment amount will be rounded to
    the nearest cent. Your entitlement to New Shares and the aggregate
    payment amount to subscribe for those New Shares will be set out in the
    Entitlement and Acceptance Form that will accompany an offer booklet which
    is expected to be despatched to Eligible Shareholders on or about
    7 November 2011 (Entitlement Offer Booklet).
    Will optionholders be
    eligible to participate?
    Letters were sent to optionholders on 25 October 2011 to notify them that
    they must exercise their options by the Record Date should they wish to be
    eligible to participate in the Entitlement Offer (assuming they have a
    registered address in Australia, New Zealand or Singapore).
    How many securities will
    be issued?
    Metal Storm may allot up to approximately 2,225,078,911 New Shares under
    the Entitlement Offer.
    How will the New Shares
    be treated?
    The New Shares issued will rank equally with existing shares in Metal Storm.
    Metal Storm has applied for quotation of all of the New Shares on ASX.
    Can I apply for more than
    my entitlement?
    Eligible Shareholders will be entitled to apply for New Shares in excess of
    their entitlement (Additional New Shares) at the same issue price of $0.003.
    If the Entitlement Offer is oversubscribed, applications for Additional New
    Shares may be scaled back in whole or part.
    Metal Storm Limited
    Is the Entitlement Offer
    subject to a minimum
    amount of funds being
    raised?
    No, the Entitlement Offer is not subject to a minimum amount of funds being
    raised. So long as the Entitlement Offer is not oversubscribed, the Company
    will accept all valid applications for New Shares and Additional New Shares in
    full.
    What happens if there is a
    shortfall in subscriptions?
    To the extent that there is a shortfall in subscriptions under the Entitlement
    Offer, the Directors reserve the right to allocate top up shares or place any
    shortfall at their discretion within three months of the closing date of the
    Entitlement Offer.
    Is there a broker to the
    Entitlement Offer?
    No.
    Will brokers who lodge
    acceptances receive a
    handling fee?
    There will be no handling fee payable to brokers for acceptances lodged by
    them on behalf of Eligible Shareholders.
    What will the funds raised
    be used for?
    The funds raised from the Entitlement Offer will be used by Metal Storm to
    provide working capital to:
    • continue the development of its current products;
    • reduce its reliance on Metal Storm’s equity line of credit with
    Dutchess Opportunity Fund II LP, at least in the short term; and
    • cover Metal Storm’s ongoing overhead and operating costs.
    Further details will be provided in the Entitlement Offer Booklet to be sent to
    Eligible Shareholders which Eligible Shareholders should read carefully
    before deciding whether to participate in the Entitlement Offer.
    The Entitlement Offer provides an equitable way for Metal Storm to raise funds from existing, Eligible
    Shareholders.
    Full details of the Entitlement Offer will be set out in the Entitlement Offer Booklet.
    The Entitlement Offer Booklet is expected to be despatched to Eligible Shareholders on or about
    7 November 2011 and will be made available on Metal Storm’s website (www.metalstorm.com) and on
    ASX’s company announcements platform (accessible at www.asx.com.au).
    The important dates for the Entitlement Offer are:
    Ex date – Shares trade without an entitlement to participate in the Entitlement
    Offer
    27 October 2011
    Record Date to determine entitlements (7.00 pm Sydney time) 3 November 2011
    Anticipated date for despatch of the Entitlement Offer Booklet and Entitlement and
    Acceptance Forms to Eligible Shareholders
    7 November 2011
    Entitlement Offer opens 7 November 2011
    Entitlement Offer closes (5.00 pm Sydney time) – last date for lodgement of
    Entitlement and Acceptance Forms and payment in full
    21 November 2011
    New Shares quoted on a deferred settlement basis 22 November 2011
    Allotment of New Shares issued under the Entitlement Offer 29 November 2011
    Normal trading of New Shares commences on ASX 30 November 2011
    Eligible Shareholders who wish to participate in the Entitlement Offer will need to use the Entitlement and
    Acceptance Form that accompanies the Entitlement Offer Booklet in accordance with the instructions printed
    Metal Storm Limited
    on that form. Eligible Shareholders should read the Entitlement Offer Booklet carefully before deciding
    whether to participate in the Entitlement Offer.
    Important notice to Ineligible Shareholders
    Shareholders that are not Eligible Shareholders (Ineligible Shareholders) are not eligible to participate in
    the Entitlement Offer.
    Metal Storm has determined that it is unreasonable to extend the Entitlement Offer to Ineligible
    Shareholders. Metal Storm made this decision after considering:
    • the cost of complying with legal and regulatory requirements outside Australia, New Zealand and
    Singapore;
    • the number of Ineligible Shareholders; and
    • the number and value of New Shares which could be offered to Ineligible Shareholders.
    The securities to be issued under the Entitlement Offer have not and will not be registered under the United
    States Securities Act of 1933, as amended (US Securities Act), or the securities laws of any state or other
    jurisdiction of the United States and, in connection with the Entitlement Offer, may not be offered or sold in
    the United States or to, or for the account or benefit of, US persons (as defined in Rule 902(k) under
    Regulation S of the US Securities Act).
    Further information on the Entitlement Offer
    For further information on the Entitlement Offer you should contact the Entitlement Offer information line on
    1300 661 673 (within Australia) or +61 3 9415 4382 (outside Australia).
    Update on proposed changes to the terms of the convertible notes
    On 17 October 2011, Metal Storm announced that Lind Partners, LLC, as manager of the Australian Special
    Opportunity Fund LP (ASOF), had agreed to purchase existing Secured Notes with a face value of
    approximately A$13 million and assist the Company with a reorganisation of its capital structure. One of the
    proposals supported by ASOF is an extension to the maturity date of Metal Storm’s existing Secured Notes
    and Interest Bearing Notes for three years to 1 March 2015. Metal Storm has agreed to seek approval from
    its noteholders and shareholders for this extension.
    In addition to the proposed extension to the maturity date of these convertible notes, Metal Storm also
    proposes to seek approval from noteholders and shareholders to amend the conversion price of the
    convertible notes so that the convertible notes will convert on a market-based formula without a minimum
    conversion price (which is significantly above the current share price).
    Further information about the proposed amendment to the conversion price and other amendments to the
    convertible notes will be set out in the notices of meeting for the noteholder and shareholder meetings.
    Yours faithfully
    Brett Farmer
    Company Secretary
  27. 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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  28. 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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  29. 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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  30. 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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  31. 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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  32. 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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  33. Announcement from ERM has made my day. :)

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  34. 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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  35. 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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  36. 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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  37. 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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  38. 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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  39. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20
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  40. 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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  41. 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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