Weekly Fundamental and Technical Analysis Prospects - Week Starting 30th Sept 2013 (No. 85)
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). All listed market caps are undiluted (and do not include escrowed shares) (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 ---------------------------------------------------------------------------------------------------
IPB - Oiland Gas in NW West Aust,
30/09/2013
PB is a classic "buy early, sell before spud" oiler trade. (Or even hold and see out the result if you have the taste for higher risk). IPB have a JV with large energy company Cal Energy whereby Cal Energy will provide all drilling costs toward the drilling of the Pryderi prospect. IPB will retain 75% ownership. Pryderi has a 40M barrel oil target at postulated 45% probability of success. The Project already has a 6 million barrel discovery (ex BHP drilling) at Gwydion (IPB 40% ownership of this part of JV) and only needs another 6 million barrels at Pryderi for a commercial outcome. This is a classic oil trade. Buy now - accumulate when it is quiet and sell when everyone else is buying at the spud for an almost no risk trade. I can see a burst of interest when the Environmental Licence is granted and a quick run to ~50c or more when the drilling contract is confirmed. The chart looks great and is already in breakout, though on limited trading volumes. IPB Has already shown that it can move fast with limited buying. A very tight stock, 80% owned by Top 20.Key management personnel are ex BHP. The one downside risk is that I would expect at some point before drilling, a CR to occur. However the current advice from the company is that this is not currently planned and with $2.5M in bank at 30 June hopefully a CR will be held off for a few months. Spotted by: Gosouth
Big at-market buys today and another big buyer in the queue. The Posse Iron Ore mine is now cash-flow positive. Total sales for the quarter were A$2.1 million. A big price catalyst will be the granting of a full mining license for Posse, expected during the second half of 2013, i.e. could happen any day. Good news on this front could be the cause of the sudden buying interest today. Also currently exploring gold projects. Price has come down from $$1.50, and on the short-term chart the price has made a V-bottom with a big surge in OBV. Spotted by: Voliobene
Watpac announced they had landed a $148 million hospital contract just yesterday (26th Sep 2013). Much maligned WTP manager now departing (right or wrong that seems to be the sentiment... I will not offer my own opinion!) Seems to be a catalyst for sentiment change Sector improving/holding up. Cash on hand to advance prospects. Debt greatly reduced with sale of real-estate assets. Dividends looking/hoping to be re-instated within 12-18 months (rumoured/hinted at)Massive Australian government construction contracts and revenues are multiples of the current market cap. Quality company dogged by previous management issues and market woes. Looking to turn the corner... recent reports very positive. Could do a TSE/ARI turn around Definitely the sort of stock the "bigger money" is already involved in/watching... limited downside at these prices. Sheltered from AUS/USD changes to some degree... as many/most contracts in Australia. Looking to impress long-suffering holders Spotted by: BigShareshead
Assays for top grade copper targets overdue. Perth-based African-focussed Walkabout Resources (ASX:WKT) is actively exploring for coal, copper and platinum. The flagship Takatokwane thermal coal asset is the largest in Botswana with an Inferred Resource of 6.88 Bt of thermal coal at a 52% yield giving a washed resource of 3.6 Bt (1.63 SG, washed coal) with a CV of 5.350 kcal/kg In western Tanzania, at Kigoma in the heart of the artisanal copper mining area, a low cost entry approach will build a significant regional presence by consolidating small holdings and applying modern exploration techniques where grades of up to 13% in copper oxide have been recorded. At Makete in Tanzania, results of 17.6m at 4.9g/t PGE+Au have been recorded making it one of the most interesting platinum assets outside of South Africa and Zimbabwe. Spotted by: J8
DFS stage. High Purity Alumina Project. World class deposit. Mineral sands province SW WA.AKA is looking likely with star aligning soon. Start with the latest preso. News filled month coming up. Chart looks good enough. AKAOB likely to come into play if JV partner is found. I am thinking this scenario is very very likely .. but not for a while yet. The DFS is scheduled for completion in September 2013; subsequent to this and provided the securing of the necessary funding requirements occurs, a tendering process would ordinarily follow, with commencement of operations anticipated around mid to later next year.$12m cap and enough cash to get through to JV. Maybe small placement at some later stage. Spotted by: J8
Ron Prefontaines of Arrow and Bow energy fames latest play thing. Effectively he has accumulated a vast amount of unconventional oil and gas exploration assets in US and Australia. Currently have their first well going down in the Illinous Basin in the US and they have hit oil and gas, just drilling the horizontal leg of the well now and the price is starting to move so better get this in. If this is a commercial discovery it is likely to resemble the mighty Bakken formation and the Elm Coulee field which would make it a multi Billion dollar discovery. Spotted by: V8
China Mobile users are able to buy mobile phone games from a software platform run by SMA (SmartTrans), accessed with mobile phones that run Android. As of August it is adding 1,000 customers a day, who are each billed 30 Rmb ($5) per month by China Mobile. SmartTrans gets a royalty. It is also getting around 10,000 Rmb per day from its Mylife websites in China, and growing. I expect September stats will be released just after end of month. It's an odd company with many disparate businesses that are quite small. It's the mobile division that is special. One director, who bought shares recently, is Dr Raby who is an ex Australian Ambassador to China, which makes all this seem more plausible. I've bought a few for a punt. A $22m market cap company marketing its mobile phone games to half a billion people through China Mobile is intriguing. Its the right space (mobile games and payments) and the largest market, so if it can hit its target the upside is huge Spotted by: Umizoomi
Early signs for a kick up on the ST chart for CTR but nothing remarkable so just going FA.FA aligning .... Soon. From a post......"Trucking out oil (Perenco buying the next 5000 barrels)""Building 17 thou. barrels" ( for storage of produced oil)"Pressure excellent on ATZAM 4, no water -still on restricted choke.""Offtake agreement about a week!!!""ATZAM 5 spud mid October""Texan to do reserve update on whole field (due around spud of ATZAM5)."Well will be turned up to 500bopd soon as possible. Low market cap of $17mFully funded. Spotted by: J8
UNX - Uranium and high-tech (graphite) commoditie,
24/09/2013
Directors have been buying shares on-market. Resource: 45 million pounds of Uranium. The Megathon-to-megawatts program is ending this year which anticipates to create increase in demand and higher uranium price. Graphite: graphitic mineralisation at depths of over 30m at its 100% owned Nachu Project in SE Tanzania. And up to 19 kms of strike length of potential mineralisation June 2013 update as follow:- Further excellent graphite assays up to 54.7% Cg (graphitic carbon content) confirm the potential for a significant quality resource.- A substantial area of high grade outcrops is showing in the northern half of the tenement with results ranging between 13.3% and 19.7% Cg.- Located approximately 40km from Syrah Resources, Nachingwea graphite deposit . Market Cap: $8 million (211.5 million shares and 208 mln oppies at 10c strike.)$2 million cash. EV = $6 million. Spotted by: OppieTrader
Successful $37.5 million raising strengthens balance sheet Global lithium demand continues strong growth Jiangsu ramp up continues as planned Focus on Sal de Vida as next stage of strategic development Retirement of US$4 million of Chinese bank debt Further $1.1 million in annual corporate cost reductions. Has been beaten down, time to jump in. Forward Strategy looking good. Expects to be cash flow positive soon. As the proud owners of the largest lithium carbonate production facility in the Asia Pacific region and one of the best low cost lithium and potash brine projects in South America, and with the balance sheet now strengthened Galaxy can continue it’s progress towards becoming a leader in the rapidly growing global lithium industry. The Company confirms that production levels at the Jiangsu Lithium Carbonate Plant (“Jiangsu Plant”) continuing to increase according to the recent timetable advised to the market, and the Company remains confident of achieving a cash flow break-even status this year. The Jiangsu Plant has a nameplate production capacity of17,000 tonnes per annum of lithium carbonate, which at full production has the potential to generate annualizedrevenues in excess of US$100 million Spotted by: Stefan41
SOC think they have in the makings the biggest gold deposit discovery in many years. Under a multiple pipe scenario the Conceptual Exploration Target is significantly raised to 25-40MozProximal to and in the same geological and structural environment as other world-class deposits, Cadia-Ridgeway(60Moz gold equiv.), Endeavour (8 Moz gold equiv.) and Cowal (2.8 Moz gold equiv) Cash $1.5-2mNear term Skarn features encountered commonly associated with major gold deposits observed in hole GHD007 – highly significant development. Assay results from hole GHD006 pending• 3D IP progressing We interpret the lengthy skarn intercept as indicating that we are skirting the edge of a major gold deposit. The understanding of the morphology and style is being developed. Additionally, with results for hole GHD006 pending and the commencement of the 3D IP Survey, potential further excellent results will be soon released to the market. This is an exciting project and it continues to evolve with new potential with every hole. Spotted by: Stefan41
Recent Winchester discovery of condensate and gas NW Shelf. Final report likely to be out with Santos quarterly ( mid month?). Next well in NZOG JV due for spud announcement.25% interest in the Winchester gas/condensate discovery made in the WA-323-P permit in Q3 2013;Potentially further drilling of the Winchester feature in the adjacent WA-330-P permit where Octanex also holds a 25% interest; A 22.5% interest being fully carried by OMV NZ Limited through the Matuku-1 well in PEP 51906 in offshore Taranaki, New Zealand being drilled in Q3/Q4 2013;In a success case at Matuku-1, OMV has estimated the mean recoverable resource for the Matuku prospect as approximately 65 million barrels ;If a follow up exploration well to Matuku-1 is drilled in the Matuku North culmination, Octanex will be free carried through the well by reducing its interest in PEP 51906 to 17.5%;No chance of a CR here....... Undervalued and oversold. OXXCB are the best way in but this is an illiquid stock so be prepared to wait it out. Spotted by: J8
1. Strong channel support2. Divergence of price and RSI3. Indicator trend line break4. Flush out volume over the last 4 days Stars are aligned on this one. See chart in link Spotted by: Paprika
Rialto currently operates the CI-202 block in the Cote d’Ivoire and has interests in the Ophir operated offshore Accra Block, Ghana and the Apache operated WA-399-P Block in the Carnarvon Basin, Australia.6mths consolidation at the lows with recent rounding Couple of Buy sigs in the last few days closed today above the 35DAY EMA and the 35 MTH EMA at 2.7c Longer term Target 200Day EMA at 6c initial target +161.8 fib of the current distribution at 3.7cthis for me is just a DOG ST punt. Spotted by: Pilsner
Confirmed breakout after a bounce off of the 38.2% fib on Tuesday. No gaps in the rally, no gaps to close. MACD turning and RSI very healthy. Exit target is $1. Spotted by: RainMakerFaker
Breakout today on decent volume, what was most encouraging was the bullish engulfing candle that formed. More conservative traders might wait until confirmation tomorrow before entering. There's also FA speculation of a deal on the AUQ thread. Exit target is 8c Spotted by: RainMakerFaker
Technically it has consolidated within a bullish uptrend and trading below its lower Bollinger and moving averages. I suppose that is technically a bad sign but I also see lower lows in a year long uptrend. Spotted by: J8
