Wheres can this UPI article be found that everyone keeps referring to??
The Drudge report times out.
SMR
stanmore resources limited
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Ann: Third Supp Bidder's Statement and unconditional final offer, page-13
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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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Disclaimer: I hold a position in SMR and will keeping adding to it at this level.
The decision whether to buy or sell here should really be based on how you view the company's future under conservative, downside case price assumptions. Do your own research whether you believe the valuations of supposedly "independent" experts whose bills are paid by SMR and Golden respectively. Of course SMR's expert is going to come out with a high valuation and Golden's paid expert are going to come out with a low valuation. The Board's best interest is to extract the highest possible price for the company under a take-out scenario whilst Golden's would be to buyout the company at the lowest possible price. Likewise I'm going to have a positive view on the company's valuation or else why would I hold it?
Having said that, if Golden want to take the company private they should be paying up. A$0.95 is FAR undervalued in my opinion. There's a reason the register includes Regal and Paradice, two big institutional investors. The kafuffle over whether to use WoodMac's price deck or the broker consensus deck is largely irrelevant, as you're always going to be presenting a range of valuations anyway based on some underlying price. Also the disagreements regarding Isaac Downs is also largely irrelevant. I value it at 0. SMR wouldn't have bought it if they didn't think it was value-accretive. There's no rush to develop Issac Downs anyway. Environmental permitting/final investment decision would still be 2-3 years away at the Isaac Plains CHPP is basically operating at full capacity with Isaac Plains East material anyway.
Why I'm long SMR:
This is a company that is smashing it out of the park operationally, upgrading FY19 production guidance twice now, and delivering in excess of what they promised. The company is debt free, has a standing working capital facility so the balance sheet is secure, and cash in the bank at 15 January of $31.2m after a partial unwind of the working capital built up over the December quarter. Assume a full unwind of the working capital position built in the quarter and you're looking at indicative cash at bank of A$40m+.
1. Improving product mix: FY19 guidance is now 2.15mtpa product at a 90:10 semi-soft:thermal mix. Last year the sales mix was 63:27 semi-soft/thermal so ignoring movements in the underlying coal price you're already seeing margin expansion from improved product mix.
2. Falling operating costs with significant operational leverage: Moving from Isaac Plains to Isaac Plains East is a game-changer. You're going from 14:1 strip ratio all the way down to <10:1 strip ratio and the benefits can already been seen in the December quarterly. FOB costs per saleable tonne went from A$121/t in 1QFY19 to A$84/t in 2QFY19 and that's with the dragline only been mobilised to Isaac Plains East around Christmas at the end of the quarter. With the drag line now in place cost guidance for FY19 looks extremely comfortable, contingent on whether they decide to front-end more pre-strip. Coming in above cost guidance is also likely to be a positive result rather than negative as it would indicate the company are chasing extra tonnes in a favourable price environment.
3. Under-promising, over-delivering management: They've done almost a million tonnes of saleable product in the first half and they're processing ROM through the plant at an annualised rate of 3.3mtpa in the last quarter. The CHPP was basically running at full capacity last quarter. This is a great result. Production guidance looks extremely comfortable and it looks like they should easily be hitting 2.2mt+ of saleable this year.
Just do cash flow projections out one year under conservative coal price assumptions:
I assume premium low-vol coking coal of US$150/t (a 20-25% discount to spot is trading in the range of US$190-200/t). SMR's semi-soft should achieve at least 65% of this so US$97.5/t.
I assume realised thermal at US$80/t (the futures curve has spot Newcastle at ~US$90-100/t all through CY19).
Assume a 80:20 semi-soft:thermal product mix (far below guidance of 90:10) for an average selling price of US$94/t.
Assume a 0.75 US$/A$ and you get A$125/t before royalties. Take off $10 for state and vendor royalties and you get A$115/t.
Assume they don't beat production cost guidance of A$84/t and you get a margin of A$31/t.
Assume they don't beat FY19 production guidance of 2.15mt nor is there any unwind of built up stockpiles and you get operating cash/Ebitda of A$67m over the next 12 months.
Take off $15m for sustaining capex/study work and $20m to fully repay Wotonga South and you're left with free cash flow/cash build of A$32m.
SMR's current market cap is A$253m at A$0.96. Take off indicative current cash of ~A$40m and you're left with an indicative EV of A$210m.
So under what is in my opinion an absolute worst case scenario:
- SMR is trading on a free cash flow yield of 15% at current valuation;
- will have ~A$70m of net cash in the bank after a year
- owns a 3.5mtpa CHPP in the middle of the greatest coking coal geography in the world with locked in port and rail capacity,
- and has two potential long-term semi-soft coking coal growth projects.
Ask yourself if you're comfortable owning the stock under this scenario and if you are (which I am, and which Golden/Regal/Paradice likely have also) you should be buying.
In reality I believe $140m Ebitda for the next 12 months is conservative, hence SMR is trading at <2x EV/Ebitda and ~50% free cash flow yield, by far one of the cheapest stocks across the entire sector. My expectation is a 1c interim dividend and another 2c full year dividend. On my base case estimates SMR can cover that dividend payment out of free cash flow by 14x.
Globally WHC/Coronado/Teck/Peabody all trade between ~3.5-4.0x EV/Ebitda. Currently SMR trades at a forward multiple closer to Bounty than WHC. Have a look at Bounty and WHC and see which you would compare SMR closer to. In one year I can see SMR rerating to trade at 3x EV/Ebitda implying a future share price of ~A$1.40+ and will continue to make the easy decision to increase my position at anything below A$1.00. But this is just how I see the company. Do your own research.
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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"...
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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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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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$1.96 |
Change
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Mkt cap ! $1.766B | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 27363 | $2.16 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.80 | 44916 | 1 |
View Market Depth
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 27363 | 2.160 |
| 1 | 44487 | 2.150 |
| 1 | 54372 | 2.140 |
| 1 | 2156 | 2.080 |
| 1 | 5472 | 2.070 |
| Price($) | Vol. | No. |
|---|---|---|
| 1.800 | 44916 | 1 |
| 1.825 | 17256 | 1 |
| 1.840 | 1414 | 1 |
| 1.845 | 17256 | 1 |
| 1.865 | 52 | 1 |
| Last trade - 09.28am 19/06/2025 (20 minute delay) ? |
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