By: brucebrainshat@rocketmail.com
31/07/2009
2:46 pm |
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By: brukevlay
31/07/2009
2:40 pm Yahoo! Profile:
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Are you heralding resources here Anthony?
That is better than ramping. You know you can't ramp here.
But only because Crazyfool has driven everyone away.
But that's okay. Who cares about that? |
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By: reynard2008@y7mail.com
31/07/2009
1:27 pm Yahoo! Profile:
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| Herald Resources? |
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By: brukevlay
31/07/2009
1:03 pm Yahoo! Profile:
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| I missed HER |
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By: legsio
31/07/2009
12:51 pm Yahoo! Profile:
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Like i said $1..........
who missed the boat? |
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By: legsio
23/07/2009
5:40 pm Yahoo! Profile:
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| up 11% for the day.... will hit $1 |
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By: brukevlay
23/07/2009
12:07 pm Yahoo! Profile:
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I know of a better copper miner. I would tell you even though you get up my nose part time but the scumbags who get up my nose and stay there would know and I don't want to be doing them any favours.
Too bad they stuff this place up as well as my nose. |
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By: brukevlay
23/07/2009
12:03 pm Yahoo! Profile:
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| I told you first. |
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By: legsio
23/07/2009
10:47 am Yahoo! Profile:
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| 90c now dont say i didnt tell you!! |
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By: legsio
21/07/2009
11:33 am Yahoo! Profile:
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| off it goes...up 5% today again |
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By: legsio
20/07/2009
7:17 pm Yahoo! Profile:
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| closed 76.5 today.. hopefully breaks upward on more good US news tomorrow and we might see $1 again soon |
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By: vernonsmythe60
16/07/2009
12:22 pm Yahoo! Profile:
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| DOES ANYONE KNOW WHAT THE LATEST ON KARAGARA IS |
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By: stockmarketking30
30/06/2009
5:20 pm Yahoo! Profile:
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| http://stock-market-man.blogspot.com/ |
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By: stockmarketking30
29/06/2009
1:42 pm Yahoo! Profile:
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| hey everyone this share forum is getting out of hand lets start frsh at http://goodsolidsharetalk.blogspot.com/ |
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By: legsio
28/06/2009
10:57 am Yahoo! Profile:
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| nobody asked you to think about anything bruce... |
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By: brukevlay
27/06/2009
10:23 am Yahoo! Profile:
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If you don't buy on margin it means you don't have enough faith in the company. Dont be a: "oh, Gee Willikans, what if the price goes down, that means I lose 4 times as much." Just don't spend as much. Just spent one quarter as much and spend the othrer 75% on somethig else you like. If the price of RIO goes up, you can add to holdings on pull-backs.
Geeeez, I have to people's thinking for them. |
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By: brukevlay
27/06/2009
10:16 am Yahoo! Profile:
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| They didn't do the right thing by their share holders. Dump it and buy more RIO buy on margin. |
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By: legsio
27/06/2009
9:54 am Yahoo! Profile:
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Forget the chart for the moment...
Shares on issue before cap raise =256mill
Average sp over preceding couple of weeks ~ 1.18
MC over that period ~302 mill
Debt = 136 mill (at least, this is what they declare as their intention to be paid down)
Therefore EV = 438mill
Mining sector has had approximately 10% pull back since cap raise announced so adjust this EV back to 400 mill
Cash post cap raise is expected to be 83mill (working cap and funds for lounge lizard)
Suggests possible new MC around old EV + cash = 483 mill
Funds being raised = up to 262mill @ 0.6, so up to 437 mill new shares
Total shares post cap raise = (up to) 693 mill
Possible sp = 483/693 = 0.69
And what did we close at? 0.745
That feels reasonable based on straight maths. But what about sentiment?
KZL carried a discount due to the debt risks. That discount should disappear.:)
They now have the cash to turn on a cash flow from Lounge Lizard.:)
And in the wings we still have the Mungana IPO - will it still go ahead or will they choose to hold the asset? This is one of the interesting questions for KZL. I suspect it depends on whether the sp shows some acknowledgement of the value of Mungana. If not I guess they will continue and flick it out. Impact on sp if they do? Dunno - the market appears to have only a marginally better understanding of the value of cash. :confused:
Post cap raise this is a very different looking company - the risks and the desperation are largely gone. We should see a lot less volatility related to their balance sheet and a closer relationship to the state of the underlying metals markets. Personally, I like them at this price and I'm taking up the offer. |
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By: toby_h@ymail.com
21/06/2009
4:34 am Yahoo! Profile:
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It dosen't seem that long ago they had there last one, about 4 months.
Is there any news on the Mungana IPO? Are they still planing to do that? |
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By: legsio
20/06/2009
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| if kzl keep tanking i may not take up the share placement offer,.......60c may be too expensive..lol |
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By: sparksy_92
12/06/2009
12:53 pm |
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By: brukevlay
12/06/2009
11:44 am |
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By: sparksy_92
12/06/2009
11:03 am |
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By: legsio
12/06/2009
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??? a chance on the asx??
It was just removed from the asx200 by S&P |
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By: sparksy_92
12/06/2009
10:45 am |
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