short term trading: week beginning - 19 aug , page-2

Weekly Fundamental and Technical Analysis Prospects - Week Starting 20th Aug 2012 (No. 29)

Here’s this week’s FA and TA List. The newer items first and those carried forward from last week towards back of list (some of the items from last week have a time horizon of more that one week).
Again, I have taken the liberty of adding some info where it was unclear or fixing typos where I came across them. Hope no one minds. I have reduced the list to 10 or so items again. If you would like me to change your item then please let me know and I will update and I will re-issue. Will open for submissions on next week’s list this Friday after market close. All market caps are undiluted and were correct at time of posting (Note: Max time for any entry on list will be 4 weeks after which time it will be removed).

Important Note: Remember just because it appears on the list does not necessarily mean it will rise in price... it may actually fall or do nothing. So it is critical that you perform detailed research on each stock first and make your own mind up to whether invest or not. I suggest you run a stop-loss at all times when trading/investing. How tight your stops are depends on your threshold to risk and financial pain. Lastly I take no responsibility for the accuracy of the information provided as I do not have the time to research all the facts that have been provided. Best of Luck.!


Weekly Fundamental Analysis Prospects
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AKK - Oil and Gas Company with assets in Australia and the United States. Core focus is non-conventional shale exploration in the United States. The Company has now established a major presence in two of America’s most prolific oil and gas basins. Austin controls more than 11,000 acres in Colorado in the Niobrara Shale and over 5,000 acres in Texas in the Eagle Ford Shale. Austin has producing oil and gas wells in Texas, Mississippi and Kentucky. Austin also has a highly prospective Oil and Gas Licence, PEL 105, in the Cooper Basin of South Australia. The company’s wholly owned US Subsidiary, Aus-Tex Exploration Inc, turned cash flow positive in January 2011. Company is cashed up since CR and currently engaged in multi- well drilling campaign in the US including Eagle Ford shale and Colorado Niobrara. Results expected soon (Mcap: $28.4m)
[Multi Well drill campaign results expected soon]
Spotted by: Prophet ( Position Held)

LSR - Lodestar Minerals Limited is a Perth-based explorer with projects in the Kimberley, Peak Hill and Kalgoorlie regions. Lodestar acquired its “Flagship” Peak Hill – Doolgunna project in March 2010. The Peak Hill – Doolgunna project forms the core of Lodestar’s project portfolio and represents a strategic landholding of 2200 square kilometres covering 120 kilometres of the Jenkin Thrust Belt, a regional fault system that is adjacent to the recently discovered DeGrussa Cu-Au deposit. Lodestar is embarking on an aggressive exploration program to assess the potential of the emerging and under-explored north Murchison base metal province. They have some lag samples pending but I doubt they would warrant much interest. They have drilling results pending from their Kimberley Project on which they have a farm out agreement with PAN/PEC. LSR has been known as a leaky ship previously, so might be interesting next week given today's trading. (Mcap: $5.24m)
[Upcoming Drill Results ]
Spotted by: Jimmy64 (Position Held)

DAU - Dampier Gold is the dominant land holder (~700km²) over the prolific but under-explored Plutonic – Marymia Greenstone Belt in central Western Australia. With established infrastructure, granted mining leases and framework terms established for access to the Barrick Plutonic processing facility, Company Share price is up about 80% on low volume over the last two weeks and compared to it's Doolgunna East neighbours has by far the lowest MC and EV. Also the only one with a JORC resource. Top 20 hold 49% and directors themselves hold 17% so plenty of skin in the game. Tightly held and I think the free float is in the vicinity of a tiny 20-25 million shares. Should run hard on good news either from the company or one of it's neighbours (Mcap: $5.53m)
[Nearology/ Low MC & EV compared to Peers/Neighbours]
Spotted by: John435 (No Position Held)

DTE - (Oil/Gas/Shale in Scotland, China Aust, Indonesia, India, Poland, Belgium and Germany. Currently have 143 Tcf of much loved SHALE GAS in place estimated, plus main CBM gas estimates.. which are huge. Very diverse asset base in prime areas to sell gas at high prices. Significantly undervalued market cap in comparison to peers. Director was buying big at about 35 cent mark back in March 2012 Producing gas already... with plenty more coming on line, partnered up with "allies" all over the globe alarm bells for a rally ringing all over outside of Hot Copper for some time... escalating this week. Cash in bank $72.5 million Loan available to be drawn down if needed ($100 million) Market cap $122 million at 16 cents Friday close.... Basically the cash and loan are being counted as something... all assets valued at Zero..... not right. Could head north very quickly if shorters turn promoters, good news flows in as planned, and market wakes up. (Mcap: $103m)
Spotted by: Bigsharehead (Position Held)

PEX - Copper/Lead/Gold Silver Explorer, Companies main focus is the Mallee Bull Copper-polymetallic Discovery (Gilgunnia, NSW). Market has sat up an taken notice on recent large intersection of Massive Sulphides with handheld XRF showing the presence of Copper/Lead/Zinc and Silver (awaiting assays to confirm grades). Drilling completed to date indicates that high-grade copper-dominant polymetallic sulphide mineralisation at Mallee Bull has a strike length of ~120m, comes to within 150m of surface, and now extends to at least 400m below surface and is open in multiple directions including at depth. (Mcap: $28.7m)
[Expect more +ive XRF results and later positive assay resulted from recent polymetalic intersections]
Spotted by: Freehold (No Position Held)

LOM - Diamonds in Angola, The company is currently drilling/bulk testing 61 possible Kimberlites in Angola (on ground next to Debeers) looking for diamonds with a Bauer Bulk testing drill rig they also have a Dense Media Separator with which they will use to find diamonds in the bulk sample on-site. My understanding is they will narrow drill targets first then return and do bulk testing if something is found. Will take a punt an assume that the current trading halt will bring good news on Tuesday. (Mcap: $28m)
[Awaiting Exploration update on Tuesday]
Spotted by: Freehold (Position Held)

CXO - Copper/Uranium on the York peninsula in S.Aust. Copper mineralisation identified in first diamond drill program on the Yorke Peninsula in S.A. High grade uranium and copper in outcrop has been id’ed at Fitton Project •Considering options to introduce senior partner on Roxby South Project near BHP’s Olympic Dam mine Company looking for copper and gold on York peninsula next to REX:ASX. CXO holds land on the flanks (30km South) of Olympic Dam Uranium mine. Core now holds 400km2 of granted 100%-owned tenements near BHP Billiton’s Olympic Dam Mine. Has $3m Cash approx (Mcap: $3.32m)
[Nearology to BHP Olympic Dam Mine]
Spotted by: Sunnq (No Position Held)

MGV - Company has large exploration footprint in the Musgrave Province in South Australia, with tenements covering an area of approximately 50,000km2 – which equates to approximately 5% of the State. The Company has a powerful shareholder base with six mining and exploration companies participating as cornerstone investors. The Musgrave Province is one of the last under-explored exploration frontiers in Australia and is prospective for a number of commodities. The centrepiece is the recognition of, and access to, the unexplored potential of the Giles Complex, a 1080Ma aged mafic-ultramafic layered intrusive complex that hosts significant nickel and copper sulphide deposits (such as the Nebo/Babel deposit) in the Western Australian portion of the Province. So has a portfolio of highly prospective copper targets in the Musgrave Province in South Australia. The share price has suffered from bad market conditions during the last 6 months and IMHO an unknown status in the spec investment sector Taken from a recent post on the MGV thread "great people, great story, lots of cash, lots of ground, plenty of targets, got all the makings". Diluted market cap of 8.5 million with cash at hand of 13.5 million as of last quarterly report-so trading well below cash value (Mcap: $8.5m)
[Trading below cash valuation]
Spotted by: Andiver1964 (No Position Held)

MAT - Matsa Resources is to immediately accelerate its exploration programme in the Fraser Range area NE of Norseman following the Nova Nickel-Copper sulphide discovery announced by Sirius Resources NL (ASX:SIR). Matsa’s Symons Hill tenement (ELA69/3070) is located only two kilometres south of Sirius’s tenement and six kilometres SSW of the discovery hole (4m 3.8%Ni and 1.42%Cu SIR announcement 26th July 2012). “This discovery just to the north of our ground is very exciting for Matsa as it emphasises the prospectively of our Fraser Range Project and in particular Symons Hill,” (Mcap: $36m)
[Nearology play to SIR recent Nova discovery ]
Spotted by: Adrunis84 (No Position Held)

SIR - Nova nickel-copper discovery at the 70% owned Fraser Range project in Western Australia. The Fraser Range Joint Venture is a joint venture between Sirius Resources (70%) and Mark Creasy (30%), who is also Sirius’ major shareholder. The joint venture ground covers over 100 strike kilometres of the prospective belt and Sirius, together with Mark Creasy, control the majority of this new nickel province. Anew EM conductor with a 480m down plunge extent identified beyond western limit of original survey. Fixed loop detailed EM survey extends Nova conductor 1 to 1,200m down plunge (limit of depth range) think that for SIR this news will see a continued run and keep the momentum going. We may see $1.50+ by the end of the week (Mcap: $193m)
[Expected continued drilling success]
Spotted by: Adrunis84 (No Position Held)

FIE - The Company has their flag ship project in Utah USA exploring for gold and base metals as well as two Kimberley based advanced gold projects at Grants Creek and Angelo near Halls Creek. . Company is expecting to commence approximately 4,000 metres reverse circulation drilling at the Coronado Prospect in September 2012. Expect this is a stock that could run on results: Recently have found strong copper and gold results in surface samples. Surface sample results confirm the intended ‘Coronado trend’ drill target as a gold rich broad fissure zone with maximum value of 9.3 g/t of gold. Second prospect (Incan/Humbolt) returns maximum value of 21.0 g/t of gold and 3.94% copper. Regional sampling at other prospects identified elevated copper and zinc in samples presenting further suitable targets for drilling. (Mcap: $2.56m)
[Commencement of 4000m Drilling program at Coronado prospect ]
Spotted by: Adrunis84 (No Position Held)

NSE - Oil/Gas in the Canning Basin, The Company’s primarily focused on aggressively progressing its oil and gas exploration portfolio focused on the onshore Canning and Carnarvon Basins in Western Australia an area in which it has a large land holding 2nd only in size to Buru Energy. The company is also pursuing conventional hydrocarbons in the United States. In addition the company has indirect exposure to further acreage position in the Canning Basin through a liquid
equity interest (15m shares) in listed Canning Basin explorer Buru Energy Ltd (ASX: BRU). New Standard currently has cash resources of approximately $24m with this cash position to be supplemented by income being generated from the Colorado County Project in Texas and cash calls under the ConocoPhillips farm-in agreement. The company has scheduled to spud the Nickolay #1 well in Mid August if successful this will add significant value to the share price IMHO.
(Mcap: $166m)
[Upcoming Spud of well in the Canning basin WA in Mid August]
Spotted by: Freehold (No Position Held)

EEG -Oil and natural gas producer with operations in Appalachia (New York and Pennsylvania) and the Central Kansas Uplift (Kansas). Total combined 2P reserves for the group are estimated at 14.8 million Boe. Co has a huge capital drawdown at its disposal ($150m), so no cap raising, already makes money selling oil in America. Has some debt (50mil, earns and payback roughly 3mil/quarter this year) but has drawdown left of about 100mil which could easily form a drilling campaign now the lease in NT is somewhat de-risked. has one of the largest leases in the biggest shale region of the US which hasn't been able to be developed because of frac’ing laws in NY. Frac’ing decision is due to be officially announced on 3rd September (labour day) by Governor Cuomo. Should add value if that lease is able to be looked at for development as its primarily considered more valuable due to a large wet-condensate portions in the gas (Mcap: $38.7m)
[Awaiting Frac’ing permission from authorities and Nearology next to AJQ recent discovery]
Spotted by: Nihilism (No Position Held)


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Weekly Technical Analysis Prospects

MZI - (Zircon/Rutile/Leucoxene Producer Tiwi Islands and SW WA) Breakout of cup and handle formation, needs a few days to settle from the recent impulsive move. Look for possible retest at .023c confirming support of previous resistance. Coincides with long term breakout that goes back to 2004 Look for the positive volume signals as always to confirm. (Mcap: $40.7m)
Spotted by: Pilsner (Position Held)

VMS - (Tin/Tungsten Explorer) Spike retrace to 50% complete with support now being suggested by increasing volume Currently sp sits just under the 200 DEMA Indicators are resetting and confirming bullish divergence. Look for the positive volume signals as always to confirm (Mcap: $77m)
Spotted by: Pilsner (No Position Held)

AKA - (Oil/Gas in Australia and US) Been in the doldrums for a while since CR but seems to have bottomed out and ok volume today may signal a run. (Mcap: $28.4m)
Spotted by: Prophet (Position Held)

MAT - (Gold and Iron Ore in WA) Closed strongly on a new high of 35c- I suspect some former SIR holders have jumped the fence with bulging pockets and taken up residence LSR highest volume since last December, closed on it's high for the day up 37%- leaky boat perhaps (Mcap: $36m)
Spotted by: John435 (No Position Held)

PEX - (Copper Silver lead Zinc in NSW WA and NZ) Following fib arc from previous high, suggests sp could move again and we may see another run, bounced of gap it formed the other day; breakaway gap?? NB: The gap was filled with today's movement so we should see a move up over the next couple of days (Mcap: $28.7m)
Spotted by: Adrunis84 (No Position Held)

DTE - (Oil/Gas/Shale in Europe and Australasia) Has been trading sideways for something like 15/20 trading days. Big volumes starting to come through very recently, with strong close on Friday (Mcap: $103m)
Spotted by: Bigshareshead (Position Held)

SBR - (Cu/Pb in Africa ) Spike retrace and support entered and retested the high on a few occasions this week... Think it may need more drill results to break through resistance but I feel push above will come. Entry on break to new high with volume. (Mcap: $55.26m)
Spotted by: Freehold (Position Held)

AJQ - (Oil/Gas in NT and QLD) Spike retrace and support has entered with a slight increase in volume expect it to retest short term highs soon. (Mcap: $96m)
Spotted by: Freehold (No Position Held)

AOC - (Oil/Gas in California) Two spikes up before the retrace police enter the scene has now retraced on reducing volume suspect retrace will fizzle out and support to enter .. entry on support (Mcap: $13.35m)
Spotted by: Freehold (No Position Held)

PDZ - Pennant formation and may morph into a “Flag” formation wait for break up from upper down sloping trend line on pennant/flag before entry (Mcap: $25.6m)
Spotted by: Freehold (No Position Held)

ZYL - (South Africa, Anthracite coal) Break down trend that has been in place since Feb this year with a slight increase in volume... Expect rally to retrace back to the top of the line and finds support. Buy on bounce back up from this line (Mcap: $60.2m)
Spotted by: Freehold (No Position Held)

PVD (Oil/Gas Morocco) Ascending Triangle a top a recent spike. Wait for break above the top of the triangle (with volume) for confirmation. (Mcap: $28.5m)
Spotted by: Freehold (No Position Held)

AYN (Silver Producer in NSW) Extended period of approx 2 months of a sideways range trading. I like the look of AYN on a break above the range of 4c. Gap to 5.9c needs to be filled. (Mcap: $28.5m)
Spotted by: Timbosovic (No Position Held)

FIE (Gold/Base Metals in Utah) The BvS volume suggests this stock could continue rising regardless of any lack of news. In the last month there has been over 300k shares traded. This volume is up massively over the previous months suggesting it could be a turning point from the existing downtrend (Mcap: $2.56m)
Spotted by: Adrunis84 (No Position Held)


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