CAG - Cape Range

[YOUNG_TRADER]

Re: CAG - Cape Range Wireless

What I find most interesting is that as stated the company have already got MINING contractors

"Metro owns 100% of the shares in PT Metro Consolidated Resources (“MCR”), (95% as a direct holding and 5% through a trust arrangement) a Foreign Investment Company (Penanaman Modal Asing), which has entered into a sub-contract with PT Batubesar Mega Nusantara (“BMN”) to conduct mining activities on a coal prospect covered by Coal Contract of Work PKP2B – Area KW.0080 (“CCOW”), issued by the Government of Indonesia."

That they already have divided the project up into 3 area's

The CCOW covers an area of approximately 49,080 hectares which has been divided into 3 categories as follows:
(a) Exploration Stage – 13,250 hectares;
(b) Feasibility Stage – 25,830 hectares; and
(c) Exploitation/Production Operation Stage – 10,000 hectares.
The exploitation area is the most advanced and is covered by the mining sub-contract between MCR and BMN. The Indonesian Ministry of Minerals and Mines has approved the commencement of mining activities in this area and mining related activities must commence on or before 15 July 2008 in order to comply with the terms of this approval.

So to me it seems more and more clear that the company has acquired a project which is on the verge of start up and if this is the case we as shareholders will be in for a wild wild ride

 

[N1Spec]

Re: CAG - Cape Range Wireless

this company smells....... different board and CEO sure, but tread carefully.
The ann couldnt be more cryptic.

Cheers

 

[nioka]

Re: CAG - Cape Range Wireless

this company smells....... different board and CEO sure, but tread carefully.
The ann couldnt be more cryptic.

Cheers

Some old failing companies are reborn and give a lot of financial benefits to a new operation within the framework of the existing company. The old companies losses are in the past, usually writing off huge debts as an arrangemant with creditors. New directors give the company a new direction. As the saying goes "don't punish the child for the sins of the father".

Of course it is speculative, the SP spells that out loud and clear. It will either be a ten bagger of wander off into the sunset. I'll give it a go, trade it until I have a free carried holding and sit on it. I won't be betting the family silver and the family home on it. That is what specs are all about.

 

[YOUNG_TRADER]

Re: CAG - Cape Range Wireless

Some old failing companies are reborn and give a lot of financial benefits to a new operation within the framework of the existing company. The old companies losses are in the past, usually writing off huge debts as an arrangemant with creditors. New directors give the company a new direction. As the saying goes "don't punish the child for the sins of the father".

Of course it is speculative, the SP spells that out loud and clear. It will either be a ten bagger of wander off into the sunset. I'll give it a go, trade it until I have a free carried holding and sit on it. I won't be betting the family silver and the family home on it. That is what specs are all about.

Well said Nioka, very well said,

N1 perhaps take a look at NSL, same smelly re-cappers, Health company turned Iron ore, same smelly/cryptic project acquisition but a massive share price re-rating nevertheless

Sometimes when things are as spec as this its best to leave out a thorough fundamental analysis

But by the sounds of it this stock may be too spec for you so I suggest others be very thorough in understanding the risks and potential rewards these types of re-caps/new acquistions offer

If nothing else Coal is the sector to be in atm it seems

 

[PhoenixXx]

Re: CAG - Cape Range Wireless

Very interesting chart.
Volume is accumulating and SP is climbing.
And seems like positive news are all around, i'm in for a punt

 

[Georgeb]

Re: CAG - Cape Range Wireless

I have read the announcement and this looks very interesting. I can see it run in the next few days. Lets wait and see what happens.

 

[YOUNG_TRADER]

Re: CAG - Cape Range Wireless

Hey George,

I don't know about "run the next few days" perhaps closer to the expected production date? 15th July not that far off

I get the feeling though either way the SP will head north, I only have to look over at CAG's older brother NSL to see how this will play out

Still spec though

 

[Caliente]

Re: CAG - Cape Range Wireless

Hey YoungTrader/. Saw you were on this one from the darkside (HC) and couldn't help hitching a ride on this coal-train. Hope all is well!

Disclosure - I am trading like an absolute monkey atm
Just recently sunk a few K in a very poorly timed investment in BBP.

However the CDS Coal Express is doing very nicely.

 

[YOUNG_TRADER]

Re: CAG - Cape Range Wireless

Hey YoungTrader/. Saw you were on this one from the darkside (HC) and couldn't help hitching a ride on this coal-train. Hope all is well!

Disclosure - I am trading like an absolute monkey atm
Just recently sunk a few K in a very poorly timed investment in BBP.

However the CDS Coal Express is doing very nicely.

lol yeah I saw the circus traders ramps,

I actually got a bit worried thinking I bought into a pumped stock but after digging deeper into it I realised that the stock did present good spec value,

You should come back to the "light" Caliente, use the force ( : ) only 1 or 2 muppets here unlike HC


p.s. I can't beleive CDS's performance, reminds me of CUL

 

[Caliente]

Re: CAG - Cape Range Wireless

I think you're right. I have spent way too much time over at the dark side!

CDS has been great YT =) Great guys in management and have been given equity instead of cash to develop the company, always a strong incentive I think ^_-

 

[YOUNG_TRADER]

Re: CAG - Cape Range Wireless

CDS has been great YT =) Great guys in management and have been given equity instead of cash to develop the company, always a strong incentive I think ^_-

I agree 100% with that, when you pay cash for the acquisition of a project its risky because either way the vendors/original owners of the project have made their money regardless of how the company and we as shareholders perform.

However if you tie the fate of the vendors/project holders with that of the common shareholder by paying for projects with equity (shares) then there is a very strong incentive and probability that the project is a goer, see that way everyone makes money or no one makes money

I also think its best to ESCROW the shares of the vendors for 1 years- 2 years so they can't just dump them as soon as they get them ie kinda like DMM,

I'm not 100% sure but I think this is what CAG (and big brother NSL has done too)

 

[arae]

Re: CAG - Cape Range Wireless

Where in Indonesia are they producing? I live in Jakarta and can sound it out if someone would care to provide more details.

 

[ans25]

Re: CAG - Cape Range Wireless

Hello to all,
Ive joined this bus as well I got in at 2.9c solefully for the reason that this will be up and mining in mid july which is v soon and also its involved in Coal.

A real spec play but I like it, Im hoping it will hit 4.5-5c.

Thanks

 

[mick2006]

Re: CAG - Cape Range Wireless

good to see CAG get a bit of press coverage in the australian pure speculation column this morning.

certainly a very cheap exposure to the rampaging coal sector, and if they can get production up and running in Indonesia this year as stated by both CAG and now the pure speculation column could reward shareholders very well.

below is the snippet from the australian this morning

"CAN it really be that Cape Range Wireless (CAG) is actually going to make it? After about 20 years, getting investors wound up by "revolutionary" power technology and then telephony ideas, the company has emerged from the clutches of Perth businessman Ron Wise and, more recently, those of the administrators. Cape Range has got its hands on a thermal coal project in Indonesia and, assuming that all the legal titles check out, this could be in production by the end of 2008. There's also 13,000ha of exploration ground nearby."

 

[YOUNG_TRADER]

Re: CAG - Cape Range Wireless

Now thats some good news

They say all ships float on high tide but only the best float when the tide goes out, well CAG ain't sinking in fact she's powering ahead and looking at the broader mkt the tide has certainly gone out, so I am very impressed

Now with media coverage too, things a re really looking up for the CAG express

woot woot

 

[mick2006]

Re: CAG - Cape Range Wireless

good volume starting to go through in CAG this afternoon, one X-trade of 800k just went through at 3.2c.

with a coal resource statement and decision on mining contractor due before 15th July CAG is one spec play well worth holding at the moment.

 

[mick2006]

Re: CAG - Cape Range Wireless

very strong buying/momentum going into the close today for CAG, whether it was the article in the pure speculation column this morning or more investors looking for the next big coal play, with sellers thining out and buyers stepping up it looks like CAG is on the verge of a major break to the upside.

with a market cap of around $13 million, CAG is extremely cheap for a company that is planning coal production in Indonesia from next month (as per recent announcement).

 

[michael_selway]

Re: CAG - Cape Range Wireless

very strong buying/momentum going into the close today for CAG, whether it was the article in the pure speculation column this morning or more investors looking for the next big coal play, with sellers thining out and buyers stepping up it looks like CAG is on the verge of a major break to the upside.

with a market cap of around $13 million, CAG is extremely cheap for a company that is planning coal production in Indonesia from next month (as per recent announcement).

Hi Mick

Do you see any risks with CAG? e.g. bad management, high debt, political?

thx

MS

-------------------

 

[mick2006]

Re: CAG - Cape Range Wireless

Hi Michael, CAG is certainly a spec play at the moment, the main risk associated with the company is the executing of the Indonesian coal agreement, but saying that if they demonstrate their ability to get the project into production it would be the cheapest coal producer by market cap on the ASX.

given the fact coal is without doubt the hotest sector on the ASX, I believe the reward firmly outweighs the risks at this current market cap.

 

[dj_420]

Re: CAG - Cape Range Wireless

Hi Michael, CAG is certainly a spec play at the moment, the main risk associated with the company is the executing of the Indonesian coal agreement, but saying that if they demonstrate their ability to get the project into production it would be the cheapest coal producer by market cap on the ASX.

given the fact coal is without doubt the hotest sector on the ASX, I believe the reward firmly outweighs the risks at this current market cap.

Hey mick, do we have a resource size yet or is it still under wraps? Bit secretive all this but if they pull it off could be profitable.