short term trading - week starting 30th july, page-2

Weekly Fundamental and Technical Analysis Prospects - Week Starting 30th Jul 2012 (No. 26)

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 research it first and make your own mind up to 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 by Spotters 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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AWE - Oil/Gas, targeting conventional and unconventional oil and gas within Australia, New Zealand, Asia and US Committed program aimed at expenditures of up to $50 million per annum, which will provide multiple value adding opportunities .Australian and New Zealand opportunities will look to leverage off existing infrastructure Within Asia, the primary focus will be capturing and commercialising stranded and prospective resources close to existing projects AWE is the JV Partner of NWE who is about to perform 5 horizontal Frac’s at the Arrowsmith 2 well in the Perth Basin. NWE has previously intersected 1000m+ vertically of gassy shale and now has a Haliburton horizontal frac’ing rig onsite and will begin 5 horizontal hydraulic Frac’s starting on the 27th July. Expectation are high that the Frac program will be successful and lead to significant gas flows. AWE owns 44% of the project (Mcap:$700m)
[Horizontal hydraulic frac’ing of Arrowsmith2 well by about to commence ]
Spotted by: Freehold (No Position Held)

RFX Large capacity, grid scale energy storage batteries systems. Production delays, staff cuts, and a sell off by ex director and a few institutions has triggered a huge slide in share price, out of sync with potential and top 20 holders. Redflow are already selling to and talking to some big multi billion dollar names, so good news could come at any time. Ausgrid, Powerco, Uni of Qld, Florida gulf coast Uni,. Uni of Arizona, Sprint Telecom, Enerco, Jaibil circuit and others they cannot mention by name yet. With quarterly due they may release positive news very soon, especially as they will need to raise a bit of cash soon to cover the next few months development. Seems very cheap compared to the likes of CFU CWE etc. Just about all potential priced out of it... without good reason. Huge potential, up there with the best energy storage prospects, in a sector that is set to take off in a hurry (Mcap:$5.3m)
[Undervalued Green/energy storage related company]
Spotted by: BigSharesHead (Position Held)

ENT Gold Base metals Uranium and Iron across a range of tenements in the South and Mid west of Western Australia. Stock has surged on Friday and the only reason I can see for the move is that the company has some land holding (called the Fraser Range project) along strike from Sirius Resources (SIR:ASX). Sirius recently announced the discovery of High grade Nickel and Copper at shallow depth and across a Geophys anomaly of 800m under cover which heralds the discovery of a new mineral province. This may continue to lift the neighbours of SIR (Mcap:$24.5m)
[Possible nearology play to neighbour to Sirius Resources new Nickel /Cu Discovery]
Spotted by: Freehold (No Position Held)

FOY Copper Gold New Guinea, Currently focussed on mineral resources opportunities in Papua New Guinea. The Company holds a 50% interest (and has an option over the other 50% interest) in a major iron sands exploration target at Amazon Bay located on the coast,170km south east of Port Moresby, and is currently assessing development options for this project. The Company is also exploring for gold and copper in 100% owned licence areas, covering over 8,000 square kilometres, and is currently mobilizing for an IP survey on a copper porphyry system at Atui, in south New Britain. They announced a jv with another mining group TVI Pacific and it will be decided by the end of the month. Hope it's a good deal and if it is, easy 100% return from current level. (Mcap:$6.1m)
[Upcoming JV Deal with TVI Pacific]
Spotted by: Brad75 ( Position Held)

QPN Oil/Gas in Indonesia in the South Sumatran Basin. Has large land holding in hydrocarbon rich South Sumatran Basin region. Recent “Joint Study” estimates un-risked potential resources of 55m Bo or 140Bill CF... Recent gas discovery made 50km north of Quest’s 80% owned Ranau production sharing contract (PSC). The 3 Sumatran basins (North, Central and South) combines to have (47,000 MMboe) of prospects which is nearly twice that of Australia’s North West shelf (29,000 MMboe) but Sumatra has a much higher density of oil and gas discoveries. The PSC has significant oil and gas prospective resources in four new and very lightly explored sub-Basins which form an extension of the prolific South Sumatra Basin. - Gas discovered in this area can be rapidly commercialised through the South Sumatra – West Java (SSWJ) gas transmission pipelines and processing infrastructure which supply large markets in Sumatra, West Java and Singapore. Stock has been held back by uncertainty around funding of 3 hole drilling program. Company last week announced Cap Raise and (Assuming all funds received) will have cash to start drilling. Company currently trading below the CAP raise price of 0.006 (Mcap:$10m)
[Expectation of announcement of commence date for 3 hole drill program]
Spotted By: Freehold (Position Held)


AXE Graphite South Australia, Archer exploration just released an update On their graphite resources at Campoona from most recent drilling. Note from their announcement says "Outstanding high grade graphite intercepts continue". Further drilling over coming weeks and looking to complete by mid august. Cashed up and starting a run again (Mcap:$16m)
[Further High grade graphite results expected ]
Spotted by: BrookeCE (Position held)

LNC Oil/Gas, globally focused, diversified energy company with a strong portfolio of coal, oil and gas deposits. Is the global leader in Underground Coal Gasification (UCG), which delivers a synthesis gas feedstock to supply commercially viable energy solutions – such as electricity, transport fuels and oil production – through gas turbine combined cycle power generation, Gas to Liquids (GTL) Fischer-Tropsch processing and Enhanced Oil Recovery. Lots of opinions exist out there on this one. Good trading stock that Insto's look to be coming in and out of. Quarterly due, and expected to be some positive news as long as rate of cash burn under control. Updates due on GCL joint venture china, and of note oil production has been reported as continuing to increase. From reading HC forums, seems like a lot have been burned that bought in around the high $1 range towards $2....when I cut through the noise appears to me like their stop losses mustn't have been working. Good entry points here. (Mcap:$2654m)
[Expected Positive news in Quarterly]
Spotted by: BrookeCE (Position held)

SXY Oil/Gas Cooper Basin, Strong independent Cooper Basin oil producer with new and mature oil fields. Net production target for 2011/12 of ~600,000 barrels of oil, with net production of one million barrels of oil targeted for 2012/13 – an increase of ~67% SXY one I have watched for a while, and on technical’s looked like a good entry point this week at low 60c range. They continue to firm up All resources, just finished CR and look to be set for a while, and amongst other things, will no doubt have the ruler run over it by peer companies that it has managed to annoy and get in the way of. Start of May was trading close to $1.10. Interests are broad and well success has been outstanding (Mcap:$688m)
[Successful producer attractive T/Over target and cashed up ]
Spotted by: BrookeCE (Position held)

AEB Algae to Oil in US and Australia, They are opening there trial plant on August 2nd. Company claims to be able to produce oil from nothing but algae, water, CO2 and sunlight in any conditions. Has MOU with a few companies, notably is Lufthansa airline to supply jet fuel as well as a Chinese company to build multiple plants in china. Stock is at about 50% of 52 week highs (Mcap:$88m)
[Opening new plant for production of Fuel from Algae]
Spotted by: Luxo92 (Position held)

EBT Online Gambling, EBet recently announced a profit upgrade for YE 30/6/12 of $2.3 million NPBT. The previous year excluding impairments and the business acquisition cost of Odyssey Gaming $1.13 million was achieved. So the company has doubled profit in the last year. As a comparison competitors AGI and ALL trade on triple EBT PE ratio. Also the Chairman continues to buy on market and his average overall entry price is much higher. I see this stock being re rated as stocks like JIN and AGI have in the recent past. (Mcap:$10.7m)
[Profit Upgrade and director buying on market]
Spotted by: Finch2 (Position held)

ZGL Marine Vessels/Equipment & Construction Engineering, Company also has interests in a number of start-up companies such as Curiux Biosystems , Orion Systems Integration, SAEdge Vision Solutions , BioBot Surgical. The company stated that its marine division business has been picking up due to increased interest int he Oil/Gas Sector. IT has upgraded its profit forecast and also stated profits will be up 40% again in 2013. Directors have been buying shares over an extended time. (Mcap:$45m)
[Profit upgrade and Directors Buying]
Spotted by: Finch2 (No Position held)

ESI Commercialising leading-edge coal and iron making technologies, which are capable of delivering financial and environmental benefits. Has the Coldry Process for the beneficiation of brown coal to a black coal equivalent Coal and MATMOR for Iron Making. Stock has been waiting on announcement regarding funding from Monash for last month; its due next week. Only yesterday we were given an announcement there were some hold-up but the wording does sound like they might just squeeze it in. Regardless, Monash have upped the stakes by preparing a contingency plan to ensure that funding for the planning phase goes through. So it could be seen as a win win (Mcap:$22m)
[Awaiting announcement on funding]
Spotted by: Adrunis84 (No Position held)

QRL Copper Molybdenum exploration in Papua New Guinea, has released announced that mineralised drill section with 255m with visual copper and molybdenum, they are still waiting on assay results (probably about another week or two), also they have re-entered the hole because it stopped in mineralisation, they have since appointed a head Geo to oversee delineation of this prospect, and there is not much scrip 50mil. (Mcap:$13m)
[Awaiting assays on Large Copper Molybdenum drill intersection]
Spotted by: Saltwatercowboy (Position Held)


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Weekly Technical Analysis Prospects
AWE (Oil/Gas WA, NZ Asia and US) Company as recently broken out from a significant down trend which has been in place since mid April 2012. Expect the breakout to continue (Mcap:$700m)
Spotted by: Freehold (No Position Held)

NWE (Oil/Gas in Perth Basin) Strong spike over the last two weeks has taken company higher and Stock has shown a retrace in the last few days and support has entered. Entry would be on break to new high with volume increase (Mcap:$64m)
Spotted by: Freehold (No Position Held)

MYG (Gold in WA) Has been in a base forming pattern for the last 12 months but showing subtle strength with MACD showing bullish divergence. A break above 0.09 on good volume is enough but I think a buy signal has already been given in the last 2 weeks (Mcap:$39m)
Spotted by: “3500” (Position Held)

SIR (Short) (Nickel/CU) Stock has risen steeply on discovery possibly heralding a new Nickel/Cu Province in WA. However, Simply law of gravity....Stock has run too high too fast and appearance of a distribution bar on Friday. (Mcap:$69m)
Spotted by: “3500” (No Position Held)

RFX (Large Scale Energy Storage) Price slaughtered of late from highs of $1.70 and raisings at $1.00, Sellers running out of ammo, closing at 0.65 on Friday. Very few free floating shares. Big gaps to be filled on the way up. Seemed to bottom out mid week (Mcap:$5.3m)
Spotted by: BigShareshead (Position Held)

CWE (Wave Energy) Last 2 weeks have seen the stock rally after positive news. The most recent spike has seen a pullback and consolidation for a week and now support looks to be nibbling. Wait for volume confirmation of support before entry. (Mcap:$46m)
Spotted by: Freehold (No Position Held)

ELM (Potash) Stock has been in downtrend since Jan this year. Recently this down trend has been broken with volume. Looks to me as the stock may have finally form a bottom and could rally from here.(Mcap:$163m)
Spotted by: Freehold (No Position Held)

TTE (Oil/Gas Perth Basin) Stock has rallied recently on renewed interest in the WA Oil gas sector. The stock has subsequently retraced and bounced of a previous area of consolidation. Wait for confirmation of Support with volume before entry (Mcap:$12.3m)
Spotted by: Freehold (No Position Held)

AVB (Copper/ Iron ore and Nickel in Brazil) Check out AVB for short to medium trading forum. 6 month weekly Since end of last month’s low has nice steady rise in price Once 7c target goes looks like 9c to me (Mcap:$71m)
Spotted by: Moiramc (No Position held)

ANP (Short) ( Biotech Antisense Therapeutics) Has come down from monthly highs with a vengeance - 1.7 from 2.5 (11/07/12), Support is @ 1.5 which would be another ~11% drop (Mcap:$24.6m)
Spotted by: Adrunis84 (No Position held)

BOC (Copper Bougainville) Set to rise - Forming higher highs and higher lows for the past month, 79.5/68 - 89/78 - 94/84 - next high looks to be $1 with the current low of 90c (Mcap:$344m)
Spotted by: Adrunis84 (No Position held)



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