Wheres can this UPI article be found that everyone keeps referring to??
The Drudge report times out.
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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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Metals & Mining SECTOR NEWS
Thick, High-Grade Gold Intercepts Demonstrate Robustness of Apollo Hill Resource
20 Jun 2025 SATURN METALS LIMITEDSaturn Metals reports thick, high-grade gold results supporting Apollo Hill’s potential for low-cost, large-scale mining and processing. In addition, a significant high-grade extensional intersection has... Read more
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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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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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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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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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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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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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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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Formal declaration of attack delivered to Solomon A tenure turnaround by Stan Wallis and the repercussions of the vote you have when you're not having a vote are just two thorns in Coles Myer's side, writes Jennifer Hewett.
From tomorrow night, a bubbly new advertising campaign for Coles Myer's Target stores will be urging shoppers to "just be happy". Unfortunately, the Coles Myer board won't be able to follow its own advice any time soon.
While a confident-sounding CEO, John Fletcher, was attempting to assure investors and shoppers on Thursday that Coles Myer was finally getting its selling act together, the other directors were busy plotting far more deadly war games. This is a truly brutal battle. As a shareholder, just be very unhappy.
The formal declaration of attack was delivered yesterday afternoon to Solomon Lew and his one ally on the board, Mark Leibler. It was a letter signed by eight of the 10 directors, including John Fletcher, departing chairman Stan Wallis and the man supposed to become the new - but temporary - chairman, Rick Allert. It outlined the reasons they intend to send to shareholders to explain why Lew should not be re-elected to the board.
This is bound to produce another extraordinary explosion in Lew-land. Some directors are sure he will take legal action against any such letter going out to shareholders as part of the notice of the annual general meeting .
But Lew's lengthy and impassioned harangue while putting his position at last Wednesday's board meeting did not dissuade most of the rest of the board from their determination to force him out.
They also come armed with reams of legal advice, aimed at protecting their actions from legal challenge. That is why Lew is being shown the proposed reasoning several days in advance of the next board meeting this Thursday, to finalise the position and also why it is written in terms that are supposedly not emotive, misleading or unbalanced.
Otherwise, based on precedent, the directors would not be entitled to use company funds or authority to support their position. They will also argue - though not in the letter - that they are responding to the call from the Australian Securities and Investments Commission to explain what is going on to confused shareholders ahead of the annual general meeting on November 20.
But Lew will no doubt have his own legal advice to insist that the other directors certainly don't have the right to "inform" shareholders in this way, no matter how carefully they phrase their arguments.
He had already intended to use his own substantial funds to back his pro-Sol advertising campaign to individual shareholders from next week as well as to continue to buy many additional millions of dollars of Coles Myer shares. Now the assaults will only become more intense more quickly.
Phew. Exactly how this will all turn out - other than messily - is uncertain. The betting is still against Lew being able to garner enough support to retain his seat via a combination of his own share buying and an army of traditionally apathetic small shareholders. But his furious determination to do so isn't in doubt. That prospect is more than enough to give his opponents regular cold shivers. What if ...
Besides, any optimism about an imminent outbreak of stability has been undermined by Allert's advice to the board last Wednesday that he will become chairman for six months only. This was certainly not part of the original game plan outlined by Wallis in August when he proposed his exit as chairman and his ambition to drag Lew with him off the fractured board. Nor did the other directors opposed to Lew realise the appeal of the Allert solution would prove so temporary.
One hurdle is that Allert proved unwilling to immediately give up either of his other chairmanships - of Southcorp or AXA Asia Pacific - to take on that of Coles Myer, a pre-condition that several directors thought essential, given the current passion for corporate governance.
It is possible that Allert may change his mind over the six months and decide to retire from the other positions in order to remain as chairman. It is arguably more likely that he will be an interim chairman only, and the board will then have to find another viable candidate to try to lead the wounded giant of retailing out of the corporate wilderness.
Aware of the unsatisfactory nature of this temporary bandaid for such a bloody mess, several directors have approached board member Bill Gurry as an alternative chairman, but he has declined. They may look for someone completely new to take over from Allert and reconstitute the board anew, particularly after the debacle of the past few months.
Yet even this huge dilemma - in the heat of the current battle - seems less pressing than the immediate problem of how to get through the trauma of the annual general meeting. Wallis, fresh from the turmoil at AMP, where he is also chairman, was clearly going to be a soft target for the Lew forces.
This meant that, contrary to Wallis's initial assertion that he would stay on as chair until after the AGM, he and the board subsequently agreed on a plan for him to probably step down next Thursday when Allert would take over. Not that they formally announced this to anyone. Nor did they take a formal vote on that or on supporting Allert as the next chairman. Instead, they went around their table to "indicate" their support. The result was eight to two.
But the distinction about how it was done is crucial. Had it been a formal vote, the board would have been required to advise the stock exchange. Not surprisingly, the Lew camp suggests it was a vote that should have been disclosed.
Equally unsurprisingly, Lew abstained from giving his support to Allert, saying he could not do so unless three conditions were met: that Allert would step aside from other board commitments, that he would spend a minimum amount of time in Melbourne, and that he would explain his views on board composition, including the need for retail experience.
No deal - and no compromise - seem possible now.
After media reports of what had occurred, the board was forced to put out a clarifying statement yesterday afternoon, saying that there had been no vote and therefore was no need to inform anyone. But what happened will certainly form part of Lew's case against the other directors.
No wonder Fletcher's first point - when he stood up to present the annual results at the Melbourne headquarters on Thursday - was to insist that in these "somewhat unusual and difficult circumstances" he would take no questions on board composition . Given that he is both manager and director, it must be like stepping through a landscape littered with landmines. As he said, taking over as CEO a year ago had proved the most difficult year of his corporate life. And it's not about to get any easier, at board or management level.
He and senior management were certainly keen to put off any announcement on the chairmanship last Wednesday, if only because it would distract attention from the presentation of the results the following day.
Instead, Fletcher wanted the focus on his claims that "the worst is behind us" at Myer Grace - despite its $21.6 million loss - and that the year's $354 million net profit overall for the group was the start of much better things to come now that the new management "team" was in place.
Perhaps. The hesitation is that the market has heard many of these promises from management before and yet the company, over many years, has proved consistently unable to get its various businesses all operating profitably at any one time. Let alone when the board is imploding so spectacularly all around it.
The trouble spots have been Kmart, Target and, most particularly, the department store that isn't - Myer Grace. Target has certainly had some early success in renegotiating its appeal to concentrate on what management rather jarringly kept calling "on trend" yet affordable apparel and manchester - effectively going upmarket. Kmart, by contrast, is returning to its original spot as the lowest cost discount store so that it and Target are no longer cannibalising one another. It's at least a coherent strategy. The catch is that Kmart had to lower its prices considerably but hasn't yet reaped the returns of dramatically higher volumes, meanings its margins are even more squeezed in the meantime. Fletcher's argument is that the strategy is working and it just needs more time.
But the big question mark is the hapless Myer Grace and its failure to make any progress at all so far - as shown by its latest loss. Coles Myer did take a long time to find a new manager, US retailer Dawn Robertson, who arrived only in May. She insists she will be able to develop the attractive appearance, brands and the service levels that should bring customers flocking into a department store.
"She talks the talk," says one analyst. "We have to wait to see the walk. It is a very difficult job."
And that's one reason Fletcher so abruptly changed course this year, after the results from Myer Grace made it evident that Coles Myer would miss Fletcher's earlier confident profit predictions. In March he had announced a five-year plan following several months of strategy review.
The gist was that there was no point in breaking up the group at that time and allowing competitors to reap the benefits of any improvements.
Yet by May he suddenly decided that the losses at Myer Grace made it highly unlikely he would reach his stated ambition to double profits by 2006. UBS Warburg was commissioned by management to do a quick study about a possible break-up of the company. By late June, the UBS Warburg preferred option was to sell off Myer Grace - which no-one would want by itself - with Target. The timetable for what was called Project Gold was to be implemented by the first half of next year.
"Fletcher panicked," says one close observer.
Lew had already taken to writing fierce letters of complaint to Wallis about the board being kept in the dark on crucial issues. Astonished and enraged by the sell-off proposal, he repeatedly criticised the speed and adequacy of UBS Warburg's research, demanding that more work be done on the risks and alternative views be sought. The main target was really Fletcher and Wallis.
UBS Warburg made several more presentations to the board over July and August with Mallesons. But by then, several other board members also felt a review of the UBS Warburg work was necessary and commissioned the boutique firm of corporate advisers, Caliburn Partnership. That review was also presented to the board on Tuesday this week. This review looked at the potential value offered by Project Gold, but queried both the practicality and timing, given Myer Grace's poor current performance. It also presented several other options that could be considered as alternatives.
Not now though. The entire board has gone quite cold on the idea of any major change in current conditions. It's back to Plan A, as if the intervening change of heart never happened. Even looking at the issue again has now been put off until at least mid-next year.
A rather testy Fletcher said on Thursday that having missed some short-term milestones at Coles Myer, it had been perfectly reasonable to revisit the issue of structural change.
"And why wouldn't you?" he said. "The answer is, now is not the right time ... For the management team, it's time to get on with the job."
He dismissed the obvious questions about why there had been such sudden zig-zags, saying he "didn't want to get into who said what and when".
This conveniently ignores the reality that the whole issue of "who said what and when" has been like a lighting a match in the combustible atmosphere of the Coles Myer boardroom. It's likely to explode over the next few weeks.
Just being happy won't be on the agenda.
http://www.smh.com.au/articles/2002/10/04/1033538777459.html -
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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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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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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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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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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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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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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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Salty - howsabout an email update please imo!!- *Removed* this post has been removed from public view
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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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