AFF Member Stock Discussion

[cove]

Those EXR shares are now being heavily traded so Elixir has now run up from the 2 cent share issue price. Richard Cottee who was at Queensland Gas Is there and they have drilled two holes into a gas/ coal prospect in Mongolia. We consider Mongolia to be a riskier place to invest than Australia but that hasn’t stopped the buyers piling in so far.

 

[drross]

Cove. 17c today. Really?? That is wild. Congrats mate i hope you had a truck load of them and have sold half a truck load today

Those EXR shares are now being heavily traded so Elixir has now run up from the 2 cent share issue price. Richard Cottee who was at Queensland Gas Is there and they have drilled two holes into a gas/ coal prospect in Mongolia. We consider Mongolia to be a riskier place to invest than Australia but that hasn’t stopped the buyers piling in so far.

 

[cove]

Haven’t sold EXR yet as I bailed on Queensland Gas and they went mad after I was out.
We are using Energy Action EAX to cut our work power bills using a reverse auction system. Nationally we will be in front by a chunk even though solar and LED cut heaps off already. EAX profit was modest today but they may be a recovery story.

 

[cove]

This week is going quickly. We went for the Gascoyne Resources reconstruction (out of the ashes) at 2.5 cents.This is an operating gold mine that went into administration for quite a long time.
Resimac (RMC) report was better than Reece (REH) and way better than CV Check (CV1) and Maggie Beer.
We had success with Z1P and a couple of failures. We spend more time on the losers than the winners.

 

[Quattro]

This week is going quickly. We went for the Gascoyne Resources reconstruction (out of the ashes) at 2.5 cents.This is an operating gold mine that went into administration for quite a long time.
Resimac (RMC) report was better than Reece (REH) and way better than CV Check (CV1) and Maggie Beer.
We had success with Z1P and a couple of failures. We spend more time on the losers than the winners.

Nice.
Not to mention AMA has been an absolute seesaw this week (and a daily one at that...).

 

[cove]

We sold some AMA before their modest result. Lots of trades and it has been a seesaw pretty much hourly. We still have quite a few AMA and have been shareholders for several years.

 

[cove]

We put our hands up for Orocobre ORE lithium shares in their placement at $2.52. The company has customers for their finished product so that swayed us favourably.
We finished the applications for Gascoyne shares at 2.5 cents other than for the shares we may get for sub-underwriting this GCY issue.
Over in London Trident Royalties TRR has been negotiating to buy some gold royalty streams.

 

[cove]

Have decided to vote against ARA attempting to do a share register creep without paying a fair takeover premium for Cromwell (CMW). They are offering 92 cents for a portion of our shares. No thanks.....

 

[TonyDoh]

I agree with you in relation to the ARA actions in relation to CMW. I don't understand why anyone would accept a tiny premium on the current share price for a relatively small proportion of their holding, given the outcome will probably then see them locked into a minority shareholding.

ARA has been working so hard on this, trying to get their people elected to the board, etc. but not being prepared to pay a decent premium or make a bid for the entire entity. It does smell of opportunism, hoping to buy a controlling interest for under NTA. I have been swing trading them for a while, but I don't want to be a part of this . I sold almost all of my holding recently for a small profit.

A more interesting takeover underway at present is Village Roadshow (VRL). This one is being done with the agreement of the board. It is due to complete in late November, with the price to be paid ranging from $2.10 to $2.45.

The exact price depends on a number of factors, mostly Covid - related, such as the majority of their cinemas (i.e. in Victoria) reopening by a specified date. They are currently trading around the $2.10 price, so there is potentially good upside if we can make enough progress against Covid in the near future to enable some of the current state restrictions to be lifted.

 

[cove]

We emailed our 4 NO votes to Cromwell this afternoon.
Village Roadshow VRL is a pandemic hit stock and has been poorly run for a long time.
The futures market is down for our Monday start.
There will be some dissident shareholders trying to get better value out of Thorn Group TGA by calling an EGM. I will wait for details on this and had a call from the fund manager who wants to extract value for his group. Somers Group of Resimac fame is in TGA and they are patient investors.

 

[ramamba]

There will be some dissident shareholders trying to get better value out of Thorn Group TGA by calling an EGM. I will wait for details on this and had a call from the fund manager who wants to extract value for his group. Somers Group of Resimac fame is in TGA and they are patient investors.

as are Forager and IML
as a long term Forager investor i was rather baffled when they took up their entitlements last year

 

[cove]

Bidding for BUB today at 80 cents. We think this will close early.

 

[cove]

Mali Lithium (MLL)looks interesting but they need to raise capital to buy a gold mine. We can wait for the issue details.

 

[TheRealTMA]

Mali Lithium (MLL)looks interesting bIt they need to raise capital to buy a gold mine. We can wait for the issue details.

Not sure about all these lithium stocks. There’s buckets of lithium which is relatively easy to mine. I’ve considered a few but baulked.

 

[Buzzard]

I suppose it depends on how long investors want to wait for a return and how big a return you may want.
With that in mind, BEN at $6.xx might be worth considering.

 

[cove]

We aren't thinking about getting too many assets in Victoria at the moment as values are heading south with the Victorian economy running on life support.
The Chairman of Mali Lithium has been involved with quite a few companies over the years. His daughter was in my eldest son's class and I joked that my son might have to marry that daughter but that project went to dust. MLL is a gold story if they raise the funds to seal the mine purchase.
You will need a lot of patience with bank stocks as they are going to get scores of foreclosures on property.

 

[I love to travel]

CSL seems to have hit its peak. What do people think of the long term prospects?

 

[cove]

CSL had a dream run price wise. On a price earnings basis they look way too high but it is a favorite like Wesfarmers (WES). Just because something is high does not mean it won't go up but we are not there in CSL.
Have enjoyed smaller stories like Kogan and Z1P and Temple and Webster but their runs may slow down soon.

 

[moa999]

The problem with all the high P/E stocks is you've got to continue to grow, and each successive growth leap becomes harder.

CSL has had an amazing run.

 

[Quattro]

What a blood bath. Where did all that come from?

Techs got a real spook from PayPal's announcement that they are going to launch their own BNPL service. Surely that will spell massive blows to AfterPay's relationship with eBay AU.

APX has also taken a $10 hit since earnings. Good time to get in?