CXY - Cougar Energy

[blehgg]

Hey does anyone use Comsecc??

Is there no trading depth on this stock?? =="

Strange I see no buyer/seller box... =="

errr wt..

 

[jonojpsg]

Hey does anyone use Comsecc??

Is there no trading depth on this stock?? =="

Strange I see no buyer/seller box... =="

errr wt..

On ProTrader the buy depth is 9.1 million and sell depth is 4.8 million. At the moment, the interim opening price will be 21.5c

 

[alankew]

I think all depth,buys and sells are cleared when a share is in suspension,hopefully someone will back me up

 

[blehgg]

On ProTrader the buy depth is 9.1 million and sell depth is 4.8 million. At the moment, the interim opening price will be 21.5c

Oh "phew...." thought it went into a "onetel" state =="

MAJOR STRESS lol

Thanks for the update. ~ so it hasnt changed since yesterday

edit - crap - my orders have gone too

 

[stock_dexter]

That's right. A trading halt still allows the publishing of the bid/ask while a trading suspension (voluntary in Cougar's case) means that nothing is published except the last trade price.

Makes your portfolio analysis on Comsec look really bad as it treats the stock as having a ZERO price!

 

[blehgg]

Announcements are out!!

Relief ==" lol

The placement was over-subscribed, and was arranged byMelbourne Capital Limited to sophisticated and professional investors under the 15% placementlimit.

Cougar Energy Ltd (ASX Code: CXY) is pleased to advise that it has received commitments for theplacement of 50 million shares at a price of 14 cents per share, raising a total of $7.0m before costsassociated with the placement. The placement was over-subscribed, and was arranged byMelbourne Capital Limited to sophisticated and professional investors under the 15% placementlimit. The Company welcomes a number of new institutional investors to the Share Register.

The funds raised will be used primarily to advance Cougar Energy’s Underground Coal Gasification (UCG) project near Kingaroy in Queensland, including the development of a 400MW power station using UCG gas as the fuel.

 

[Dukey]

Great announcement IMO...
# $7M cash from this Cap Raising
# plus a further $9M expected from conversion of those options before Dec 08.
# good forward plan for well installation; pilot burn and plant etc.
# Also advancing the 50:50 JV with Vic Coal Res. - which could be very big for CXY...

Suspension lifted - but no trades yet... eagerly awaiting...

 

[Djayness]

Huge announcement IMO, its in PRE_NR atm, so just waiting for it to open up. I just put an order in for 20 cents but looking at the starting bids, theres very little to no chance that ill actually get it!

 

[Dukey]

... and she opens down 2 c !!!!
- just goes to prove how crazy the share market can be ...

not to worry - I'm not going anywhere!!

looks like a few sellers to clear out up to 20c - not so many sellers after then.

g'luck all - dukey.

 

[blehgg]

... and she opens down 2 c !!!!
- just goes to prove how crazy the share market can be ...

not to worry - I'm not going anywhere!!

looks like a few sellers to clear out up to 20c - not so many sellers after then.

g'luck all - dukey.

lol dropped down to 16c at one stage ~ wish i got my parcel then

still a pickup at 17c is aweomsee ~

gogoogogooo

 

[desolator]

lol dropped down to 16c at one stage ~ wish i got my parcel then

still a pickup at 17c is aweomsee ~

gogoogogooo

picked up more at 18.5 myself. but lol.. atm im worse off because of this announcement.. was this not GOOD news.. did i miss somethiong or are their just way to many fools out their?

can some1 tell me what the market depth is in a bit more detail.. seems these web based trading systems are gay.. i cant get it to come up ARGH!

 

[Dukey]

Here's a screenshot for the moment.

but remember - there may always be orders coming in 'at market' which are processed pretty much immediately - you won't see them on the depth figures.

- I'm outa here for today anyway... gotta apply for a real job!!

CXY has a way to run IMO - whether it goes today or tomorrow or next week doesn't matter...
-D.

 

[WindriderAU]

Bought my parcel at 18c. Very pleased, 14c would have been nicer though.

How does one subscribe to the new shares considering it was oversubscribed anyway?

Thanks

 

[Djayness]

From the announcement it looked like it was privately raised, not open to the public. The initial down fall reaction was probably to the 14 cents those shares were issued at even though the sp was at 20. Not to worry though,

Got in at 18 cents which is quite reasonable, heading north from here surely. The announcement of the powerplant and trial burns is a real plus, confirmed direction is always positive.

 

[james99]

Hello. I do not think the slightly lower price is anything other than the effect on all UCG / oil stocks of a decrease in the spot and future price of oil - currently 130.18 barrel, so off last weeks 136 high by a bit.

However, the most important matter for these asset classes is that AMB Amro, ING, Merril etc have all substantially increased their expected average oil prices. See link below for a (not very in depth but useful) view.

If (when) oil and gas spike up again, all oil / UGC sectors should do very well. Eg, look at the significant spikes of SSN, STU, MEE with the 1.36 bl price of mid-last week. Even if there are no spikes, the effect of the increase in average prices is to make UGC commercial viable, and oil produers more profitable.

CXY is now in a position that is more akin to Mee (but without the cornerstone investor unless there is one as a result of the most recent subscription). It should, IMO, be rerated. I disclose holdings.

http://www.theglobeandmail.com:80/servlet/story/LAC.20080528.RPARKINSON28/TPStory/Business

 

[desolator]

its a bit mind boggleing to me to think that people are picking up parcels at .165c .. i mean the shares issued to investers was at .14c .. good opportunity to buy .. i got no doubt things will bounce back up. still sucks tho to see ur cash value twindle down when ur a relativly new invester! good times ahead but. good luck to every1. e-trade is very lame.. ever since relisting its being impossible to see market depth. greatttttt job.... time to continue pulling my hair out..

 

[blehgg]

Managed to grab some more this arvo at 16.5

~ scrapping the bottom of the barrel lol

Good luck all ~ Wohoo - bounced back to 180 Yai for me

Think the day traders have hopped out for the day and its back to where it should be

69 buyers for 7,944,379 units
41 sellers for 3,854,359 units

Some decent volumes through today - 13,970,886

 

[redback]

It's pretty disappointing to see Walker has yet again gone back to his mates for funding, the amount raised certainly did not warrant a three day suspension and will only prove a stop gap measure, just be careful with these people, they were the ones responsible last time for all the manipulative propping and dumping, I thought I saw their modus operandi on show late today

 

[Djayness]

It's pretty disappointing to see Walker has yet again gone back to his mates for funding, the amount raised certainly did not warrant a three day suspension and will only prove a stop gap measure, just be careful with these people, they were the ones responsible last time for all the manipulative propping and dumping, I thought I saw their modus operandi on show late today

Man, you are such a joke. Every thread youre just talking trash without any sources, any legitimacy at all. If you have anything productive to add, then by all means lets hear it.

 

[redback]

Man, you are such a joke. Every thread youre just talking trash without any sources, any legitimacy at all. If you have anything productive to add, then by all means lets hear it.

That my friend is no trash, these people were involved in the last cap raising and were found responsible for the stock dumping at that time, one of the main guys dumped over 6 million just above the issue price, I have been on and off the CXY register quite a few times, so I witnessed it all at the time, and unlike some I didn't come down in the last shower