Weekly Fundamental and Technical Analysis Prospects - Week Starting 11th Jul 2014 (No. 123)
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
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COD - Oil/Gas in Poland/Ukraine [10/07/2014]
Cossack Energy has just secured a cornerstone investor from a European Based fund, Mont Blanc Captital Management AG, for approximately 8% of the company. highly anticipated next 6 month work program both in Poland and the Ukraine. Market Cap : $5.5mn (3 cents last traded) Cash : $3.5mn EV: $2 mn Bieszczady Project, Poland (Cossack 24%, San Leon 25%, PGNiG 51%) Cossackflow testing program on the Nieb-1 discovery well. Expect this to happen in Q3 2014. Development scenarios are well advanced and we could expect revenue to be generated as of Q2 2015. Limnytska Project, Ukraine (Cossack 100%) · Updated independent experts report with expected upgrade of the P50 prospective resource on the Limnytska block, Ukraine. Currently sitting at 832 BCF. Near term Catalyst! · Opening a data room post the resource . · Drilling the Shallow prospect in June 2015. Cossack has been able to secure a cheap entry to the Polish acquisition because the seller is effectively distressed and unable to meet its work commitments over the next 6 months. The equivalent of over $9m has been spent on the Polish assets and Cossack is picking up a 24% interest for $1 million (staged), plus work commitments of circa $2 million.
Poster: Spooner41015 (STT Accuracy: Unknown) http://hotcopper.com.au/posts/13632586/single (Mcap: $1.3m)
ERM - Copper Gold explorer [9/07/2014]
Market cap = 12.7 million, Shares on issue = 376million, Cash and Cash equ = almost 6 million (2 cents cash backing)Top 4 holding 70%, plenty of skin in the game. JV with ASX listed Evolution (EVN) whose market is well above 500million... EVN is quite aggressive in their nature. JV is a landmark deal which is worth 28 million. However, they need to spend at least 7.5 million and they can not back from the project until that spending happens, Out of 28 million they need to spend 15 million to get 65%. Drilling started already, 2500 diamond drilling along with RC drilling to test the high grade of gold-copper targets. EVN has provided 1.87 million cash to ERm yesterday as part of JVdeal. Now what is the most exciting thing for me that the project is far undervalued even without JV deal...Current Chariot Gold Resource of 170,000 at 17.4g/t gold.... Look at the grades people, very high indeed... not many gold explorers with this sort of proven grades and resource...On top of this, Elrado Deep mine has produced some 122000 ounces of gold with the same high grades...refer to the last quarterly page 23 to be amazed... Gold equ ounces =900,000 ounces copper tonnage with grades as high as 2.5% copper and 1.84% copper.
Poster: Forrestfield (STT Accuracy: 64% - Ranking No.1 ) http://hotcopper.com.au/posts/13627487/single (Mcap: $13.4m)
TME - NZ's version of eBay [8/07/2014]
Seek and Domain combined in one with a few other online sites (dating etc). Today released a jobs report that shows job listings in NZ are up 19% on 12 months ago - meaning results for the job listings site should be strong. Currently bouncing off 12 month lows, follows some disquiet amongst real estate agents around a new listing fee structure. Long term, the structure is a money spinner for TME and the real estate site is the number 1 online real estate website in NZ, so agents will have little option to fall into line if they are to act in their clients best interests. Traded at around $3.80 only a few weeks back and seems to be ready to bounce. Significant expenditure has been made over the last 12 months around marketing which is expected to produce string growth moving forward. June 30 results are to be released which will be enlightening, paying a nice dividend also at around 5%
Poster: Sharpinvestor (STT Accuracy: Unknown) http://hotcopper.com.au/posts/13623346/single (Mcap: $1316.5m)
PGC - Supplies medical equipment [7/07/2014]
Market Cap $19MCash $2.8MDebt $3.4MThrough its seven operating businesses it supplies medical equipment and medical consumer products to hospitals, medical centres and aged care facilities. Recent acquisitions of LR Instruments and Richards Medical businesses have increased projected 2014 revenue to $19-20M. Recently secured debt facility with Westpac to fund further acquisitions. This year started paying dividends for first time.
Poster: LaughingDog (STT Accuracy: Unknown) http://hotcopper.com.au/posts/13619169/single (Mcap: $19.6m)
YOW - Chocolate maker in Aust and getting distribution set up in USA (then onto Europe...) [4/07/2014]
Cash as at 31/3/14 = $11.5 million, SOI 94,000,000Options (about) 61 million)Plenty of cash and not truck loads of shares on issue. Had a great run into USA setup last year where we enjoyed the sweet success trading off a chocolate when biotechs were the flavour. Early June an announcement came out with:"The Company has significantly advanced its position with major national and regional retail chains to secure orders and expects to make further announcements in the coming weeks."So some news coming soon???
Poster: Masmas (STT Accuracy: Unknown) http://hotcopper.com.au/posts/13604907/single (Mcap: $51m)
DTR - Base Metals Fiji [3/07/2014]
MC of $735,60061.3 million shares; 8 million unlisted options; 50.47% capital held by Directors/Management Previously known as Conto Resources Limited (CNO) with an exploration project in WA (Lone Wolf ) and a project in Fiji (UduPolymetallic Project). DTE is stating that it’s trying to divest the former; but the latter is what has me interested – many of you remember this as that “black smoker” stock – pretty shallow VMS massive sulphide mineralization returning a hit of 63.8% zinc. Also had a couple of good drill holes of “equivalents” – copper was the best by far, but silver not so bad. Udu apparently “contains an Inferred Resource of 4.5 million tonnes at 1.2% Cu, 3.9% Zn, 29g/t Ag & 0.3g/t Au in accordance with JORC 2004 Guidelines.” Obviously in need of an updated JORC at some point – but its current trading price, punters are rightly valuing that JORC at $0.On the zinc hits alone DTE (CNO at the time) moved over 20cents very quickly. It was good value at circa 8-9 cents. At below 3 cents it should have turned into a fire sale with everyone heading for the hills. Current price is woeful, but suspect we are at the cusp of a turn. Has another aspect to it that Nobody sees – will unfold around DTE in the near term, which could create a foundation for this to move up from. I bet is this will lead the rerate up, and with little downside risk at these low levels already coupled with the longish play I’m looking for here, my only problem with DTE is that it’s currently highly illiquid.
Poster: Tylemahos (STT Accuracy: Unknown) http://hotcopper.com.au/posts/13598800/single (Mcap: $0.8m)
BNE - Biotech [3/07/2014]
one Medical Limited (BNE) is a biopharmaceutical company operating in Australia, Europe and USA. The principal focus is to provide treatments for musculoskeletal diseases, especially osteoporosis and arthritis. Three main technology of Bone are Axess, Vaxine and Mozaic.MC $5MLAST TRADED 2CBNE is well off 52wk highs of 10c and now trading near all time lows. Commencement of Human trials for oral treatment of osteoporosis with CaPTHymone™ has been confirmed today( JUL02/14 ) and the trials are only three months long. They are not trialling a drug - the drug already exists and is being sold - they are trialling the delivery method. I don't know about you but if i was one of millions of sufferers world wide who had to inject myself every day for my osteoporosis and someone came out with a simple oral dose ( hmmm STRAWBERRY flavour please ! ) ...i would be into it like a fat kid on cake. Bone are to release trial results of one of it's other projects- BN006 - some time over the next 6 weeks ;Sales of the three leading anti-TNF products approached $25 billion in 2011, yet the entire class is limited by immuno-suppressive side effects and the lack of an orally delivered formulationBN006 utilizes Bone's novel peptide discovery technology; it incorporates a selective down regulation of TNF, that has the promise of reducing immunosuppressive side effects, together with down regulation of IL-6, a target of many next-generation drugs in the industry pipelineBN006 may also have the potential for oral administration. Both these projects are looking at solutions to$$$$$$$ MULTI BILLION$$$$$$$$$$$$$ markets.
Poster: Deltatrader (STT Accuracy: Unknown) http://hotcopper.com.au/posts/13600594/single (Mcap: $5.2m)
BNE - Biotech [3/07/2014]
Biotech commenced human trials of oral formation of osteoporosis drug (currently only administered by injection) results expected within 3 months. $1bn plus market up for grabs assuming people prefer taking a pill rather than an injection - though if the next few rounds of trials are successful, then BNE will be taken over by incumbent manufacturers once technology de-risked IMO If there was a 90 day comp, this could be a contender.
Poster: CaptainGoodvybes (STT Accuracy: Unknown) http://hotcopper.com.au/posts/13598514/single (Mcap: $5.2m)
BFE - Mobile Gaming [1/07/2014]
Animoca Brands was formed in 2014 through the spinoff of part of the app portfolio of Animoca (Appionics Holdings Ltd.) and the consolidation of a number of partnerships and acquisitions. Animoca Brands creates and/or publishes globally a broad portfolio of mobile games for smartphones and tablets. Multiple Animoca Brands titles leverage internationally recognized intellectual properties, all fully licensed by their respective IP owners. Additionally, Animoca Brands develops and publishes a broad range of original games, and also serves as global or regional publisher for select games developed by third parties. Animoca Brands is based in Hong Kong. Management will get some fresh, smart, successful blood with the appointment of 5 new directors. Mr David Kim, Mr Yat Siu, Mr Robert Yung, Mr David Brickler, and Mr Richard Kuo will join the board upon completion of the proposed transaction. Google them. Smart cookies. Is mobile mania really over ?Trading a paltry 1.8c
Poster: Deltatrader (STT Accuracy: Unknown) http://hotcopper.com.au/posts/13589177/single (Mcap: $9.4m)
TPT - Drilling for oil Morocco [1/07/2014]
Spudded last week around 10 days to first target main target is about 5 weeks away did a farm in with GALP on a 75 mill drill
Poster: DarrenPincini (STT Accuracy: Unknown) http://hotcopper.com.au/posts/13587401/single (Mcap: $46.6m)
BUR - Oil /gas in Colarado County, Texas, [30/06/2014]
MCap~$7.1m Cash on hand ~$1.7m No debt. Financial Analysis - BUR has 5 producing wells on their Colorado leases. The price chart has been steady waiting for the drilling of the Truchard #3 (Golla #1 name not accepted) which is likely to start shortly as the pad will be completed on 3rd July. There is potentially a lot of upside from a successful well as they are targeting a field 'sweet spot' and trying to emulate the success of other players in the County. This is a vertical well and even a modest find will see the company well positioned for the beginning of the next Financial year according to the latest announcement. But wait there is more; two recent independent experts have reported that the Heintschel field can be developed profitably. The detail of these reports has not yet been released, but I expect this to be a catalyst for further share price movement when the information comes out as the Board have stated they, "have a high degree of confidence the field can be farmed-out or sold in its entirety, ultimately releasing value for Burleson Shareholders". At the time of commissioning the Truchard #2H horizontal well, the estimated cash flows were $53 million over the life of the well and the well cost came in around $7 million. So for a field that needs 12-15 wells to develop it to its potential they are possibly looking at as much as $600 million in cash flow. How much would a third party pay for that cash-flow is something you will need to work out for yourself. Although I promised I wouldn't be buying anymore Burleson, I relented last week and topped up again, just before the most recent news came out. As I see it, there are two near term catalysts that can drive the share price. 1. Planned drilling of the next well2. Details of commercial development of the Heintschel field leading to divestment or farm in
Poster: Markeewan (STT Accuracy: Unknown) http://hotcopper.com.au/posts/13586050/single (Mcap: $8.4m)
CAY - Bauxite play in Cameroon [30/06/2014]
Bauxite play in Cameroon has a recent success with drilling results, high grade DSO potential bauxite results... Has 104million shares on issue, with 1.2 million cash and a market cap of 7.9million.Recent drilling of 329 holes with 10 percent results announced to market and rest of the 90 percent results are due means plenty of news flow in coming weeks. Existing rail located within 10km of project area and has available capacity for DSO ( if it reaches that point). The bauxite is in a proven belt and Cay has other nice projects as well.Plenty of upside potential if the results are the reflection of initial results
Poster: Forrestfield (STT Accuracy: 64% - Ranking No.1 ) http://hotcopper.com.au/posts/13584944/single (Mcap: $7.8m)
CXO - Silver and Copper in Central Australia [14/07/2014]
MC 5 million, This is looking like a buy to me. Certainly a safe entry but my reason for posting is it is triggering one of my standard setups for a buy.(Disclosure: I do not hold this ... I am putting the tip in purely out of interest and looking to improve my stats). See Chart - I just posted this same chart over on the CXO thread ... and as an afterthought decided to enter it in the STT thread. Price target of 5.7 cents (but could go over 6 cents) in the next few weeks. To make sense of my chart .... there are 2 sets of parallel trend lines, one orange and the other blue. Looking at the orange set this stock is trading below trend and there is an intermediate price target of mid to high 5's. If it trades above 6 cents for a short period then high 7's comes into play
Poster: Dazedandconfused (STT Accuracy: 30.8% - Ranking No.11 ) http://hotcopper.com.au/posts/13648929/single (Mcap: $4.8m)
COF - Consultancy in geosciences, project management and international development [8/07/2014]
Summary Previous Close $0.25052 Week High $0.32052 Week Low $0.115P/E Ratio - Important Note 6.72Sector Commercial & Professional Services Market Cap $64 Million The TA i like about this share is its regular hit my scans and is what i have search for in some ways in a break from the cup and handle .It has a bell curve situation flowing through with a matching linear line 40 days moving through the charts .The linear movement of price of the bell curve is bang on the low point of the test in the low daily and cutting through the low of the handle of perhaps a larger pattern to play out . its broken up with two strong price indicator candles no volume perhaps but the weekly chart has it trending up from the lows and possible reasons for it visiting the scans enough to see the stronger underlying pattern play out. Reluctant to enter as volumes not there yet maybe ? But has a conflagration of lines together daily for close sternness breakout maybe ? 200 day average 200 day linear 40 day linear all together and a flat linear under pinning this 200. I Dont hold but im watching cup handle cup handle weekly chart for back testing possible repetition of pattern just got to get myself in the low of the cup but hey its probably is about to trend change up or down here its like a pressure point perhaps .
Poster: Valen1828 (STT Accuracy: 25% - Ranking No.14 ) http://hotcopper.com.au/posts/13619365/single (Mcap: $66.5m)
PRA - Base Metals Peru [7/07/2014]
Perth based ASX listed Company, with a portfolio of exploration properties in Peru. PRA is focused on precious and base metals exploring.P revious Close $0.02852 Week High $0.04952 Week Low $0.018P/E Ratio - Important Note --Sector Materials Market Cap $7 Million The thing i like about this is the strong test of the low with a finish close to the high on the day recently and has broken upwards recently with volume in the low of the cup that has almost formed on the daily chart . A test of strength followed with price breaking upwards over the next two days .Obv has broken upwards and held its line from recent spike .The forty day linear line is showing sharp turn up and is four days into change of trend .Still working with the linear numbers a signal of one is possibly not strong indication of new trend in price but down with the woofers trend can be short lived with news sometimes ! This is number 4 and showing up in the new scan im hoping going guide a bit on breakout of price
Poster: Valen1828 (STT Accuracy: 25% - Ranking No.14 ) http://hotcopper.com.au/posts/13617464/single (Mcap: $5.4m)
BTR - Base metals in Africa [7/07/2014]
An Australian-based resource company with a diverse portfolio of base and precious metal projects in Africa. The company is focusing on reproduction at its Perkoa mine, development at the Mumbwa project and resource exploration in Burkina Faso. Breaking out from six month base with two strong green candles showing possible end of trend and new trend starting . Ran quickly around this time last year price has moved to the higher side of the trend line both linear and with the vertical horizontal filter im trialing and comming from low base mark in a lower risk entry area. Not sure how use this yet ! But the trend in price has been counter to volume till the last two days with a volume spike on the obv.
Poster: Valen1828 (STT Accuracy: 25% - Ranking No.14 ) http://hotcopper.com.au/posts/13617435/single (Mcap: $29.6m)
PGC - Supplies medical equipment [7/07/2014]
Share price found support at 0.23 and has been moving higher over past few weeks. Directors have been accumulating shares over past 9 months providing confidence for shareholders
Poster: LaughingDog (STT Accuracy: Unknown) http://hotcopper.com.au/posts/13619169/single (Mcap: $19.6m)
YOW - Chocolate maker in Aust and getting distribution set up in USA (then onto Europe...) [4/07/2014]
Cash as at 31/3/14 = $11.5 million SOI 94,000,000Options (about) 61 million). Had a great run into USA setup last year where we enjoyed the sweet success trading off a chocolate when biotechs were the flavour. Has since dropped back and bounced of the 61.8% fib level. A higher low. A couple of positive volume spikes over last couple of weeks.
Poster: Masmas (STT Accuracy: Unknown) http://hotcopper.com.au/posts/13604907/single (Mcap: $51m)
DTR - Base Metals Fiji [3/07/2014]
All TA signals are bearish – it’s an argument by default, as there’s nothing to gauge from the TA because there’s been no trading and no volume for such a long time. I’ve always wondered how the word “sleeper” is defined. Maybe this is it, or at least fits in the official school of thought that defines a “sleeper”… Time will tell.
Poster: Tylemahos (STT Accuracy: Unknown) http://hotcopper.com.au/posts/13598800/single (Mcap: $0.8m)