CAG - Cape Range

[wildmanchris]

Re: CAG - Cape Range Wireless

My main concern with CAG is that they can meet the 18 july dealine for mining, and that "mining activities" is a felxible enough term so as they meet the criterion.
Anyone's reassurance is warmly welcomed.

I think this is a valid point - and cant see with any certainty what the liklihood of this happening is. And what will happen to the rights to the mine if the activity doesnt come along like stated? Great country to be in, and great commodity to be mining though.

Anyone have anything solid on this? I understand its spec, but without that its red or black to me. Unless of course mining related activities is putting a sign up, and a geologist on site.

 

[nyo]

Re: CAG - Cape Range Wireless

I think this is a valid point - and cant see with any certainty what the liklihood of this happening is. And what will happen to the rights to the mine if the activity doesnt come along like stated? Great country to be in, and great commodity to be mining though.

Anyone have anything solid on this? I understand its spec, but without that its red or black to me. Unless of course mining related activities is putting a sign up, and a geologist on site.

wildmanchris got this from another site. Not sure if it helps.


FYI...A refresher of some of the key points from the ASX 16/06/2008 announcement
#

# ACQUISITION OF 20% INTEREST IN METRO CONSOLIDATED PTE LTD, AN ENTITY THAT HAS RIGHTS TO MINE AN INDONESIAN THERMAL COAL PROJECT HIGHLIGHTS
#

# A non-JORC resource was previously established at the coal prospect using the US Bureau of Mines and US Geological Survey (“USGS”) method.

# The Project is contained on 10,000 hectares of land (located in the Kota Baru region of South Kalimantan).

# Indonesia is a world hot spot for coal production, which over the last ten years has quadrupled to 200 million tonnes per annum.
# Kalimantan produces in excess of 90% of Indonesia's coal output. Kalimantan's coal resources are estimated at around 35 billion tonnes, most of which is thought to be suitable for the burgeoning Asian power generation market.

# 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.

# A report on the exploitation area was completed by a reputable Indonesia independent firm of geologists (Indonesian Experts) and all of the geological information relating to coal quality, grade and the tables of data are taken from that report.

# At this stage, the potential resource appears to be significant and the Company will release further information to the market in relation to the potential JORC status of the resource once further investigations are complete.

# Under the approvals obtained in relation to the exploitation area, MCR must commence operations on or before 15 July 2008.

# In this regard, MCR has offers in place from more than one contractor. These offers will be reviewed and assessed by MCR in reference to costs and facilities given by the contractors including their experience and track record.

 

[ans25]

Re: CAG - Cape Range Wireless

Holding up well guys, steady as a rock, hopefully it remain like this for the rest of the day.

Gee the market is a real downer and stopping thing from moving up

 

[ans25]

Re: CAG - Cape Range Wireless

Anyone worries?

We are back to 3c practically?

Do you people still hold or are thinking of getting out, with production so close surely this has to go up... surely....gulp!

 

[LRG]

Re: CAG - Cape Range Wireless

yes still holding.

the market has taken a hammering and probably will be down again tmw.

CAG is holding up pretty well considering.

If you can, hold out until July 15 and hope it goes north.

No certainty - it may collapse too. I stillhold

 

[Datsun Disguise]

Re: CAG - Cape Range Wireless

New holding accidentally picked up today at 3.2c......

I say accidentally as I'd placed a 'lucky dip' order a week or so ago which didn't get filled, I left it, then forgot about it, then got my trade confirmation today. Hope this does turn out to be a lucky dip. Haven't done a whole lot of analysis to be honest, might have to before 10am tomorrow.......

"Piss Poor Planning = Piss Poor Profits"

 

[nyo]

Re: CAG - Cape Range Wireless

New holding accidentally picked up today at 3.2c......

I say accidentally as I'd placed a 'lucky dip' order a week or so ago which didn't get filled, I left it, then forgot about it, then got my trade confirmation today. Hope this does turn out to be a lucky dip. Haven't done a whole lot of analysis to be honest, might have to before 10am tomorrow.......

"Piss Poor Planning = Piss Poor Profits"

Datsun if I have to be up all night with a sick kid you can stay up and read this thread I found. Good reading and have a cup of tea and a good night.

http://www.sharescene.com/index.php?act=ST&f=16&t=736

 

[Datsun Disguise]

Re: CAG - Cape Range Wireless

Datsun if I have to be up all night with a sick kid you can stay up and read this thread I found. Good reading and have a cup of tea and a good night.

http://www.sharescene.com/index.php?act=ST&f=16&t=736

Thanks nyo, have to wait until tomorrow, up last two nights with a sick kid, looks like he's ok tonight so I'm off to bed! This thread has given me a good feeling about CAG generally, but once i get my registration confirmed at the linked site I'll have a look.

Cheers, hope the little one isn't suffering too much.

 

[nyo]

Re: CAG - Cape Range Wireless

Thanks nyo, have to wait until tomorrow, up last two nights with a sick kid, looks like he's ok tonight so I'm off to bed! This thread has given me a good feeling about CAG generally, but once i get my registration confirmed at the linked site I'll have a look.

Cheers, hope the little one isn't suffering too much.

Datsun sorry hear about the little one. Good to hear he is better now. Get some rest and some for me too.

Thanks for your concern about mine. Going to be a long night for me.

CYA tomorrow

 

[pan]

Re: CAG - Cape Range Wireless

Has been falling with the rest of the market.

Good day today, like the rest of the market. Good to see it close near the high of the day.


Not long till the deadline for production 15 july.. Seems cheap, seeing that the annoucement is due soon.

 

[nyo]

Re: CAG - Cape Range Wireless

Has been falling with the rest of the market.

Good day today, like the rest of the market. Good to see it close near the high of the day.


Not long till the deadline for production 15 july.. Seems cheap, seeing that the annoucement is due soon.

pan did I miss something today?

Didn't CAG close on it's high and also form a Marubozu candle?

I know I had long night but I am sure it closed on it's high.

Last:0.035
Change: +0.004
Open: 0.032
High: 0.035
Low: 0.032
Volume: 9,520,824
Percent Change: +12.90%

 

[ans25]

Re: CAG - Cape Range Wireless

Still no announcements out?

I wonder what's happening,

In regards to the share price, yes today was a good day but then again a lot was in the green. It will be interesting whether we can maybe be about 4c or thereabouts tomm.

 

[pan]

Re: CAG - Cape Range Wireless

pan did I miss something today?

Didn't CAG close on it's high and also form a Marubozu candle?

I know I had long night but I am sure it closed on it's high.

Last:0.035
Change: +0.004
Open: 0.032
High: 0.035
Low: 0.032
Volume: 9,520,824
Percent Change: +12.90%

Sorry, I thought i saw a .036, your correct .035. This is a good signal hopefully for the next couple of days.

 

[Datsun Disguise]

Re: CAG - Cape Range Wireless

Datsun if I have to be up all night with a sick kid you can stay up and read this thread I found. Good reading and have a cup of tea and a good night.

http://www.sharescene.com/index.php?act=ST&f=16&t=736

OK NYO, I've had a look through Brantleys posts - he certainly is dedicated! So what I've taken from it - in a nutshell - is;
1. Valuable and large resource
2. High demand and low risk of any downside to future coal price.
2. Uncertainty about what has to happen before 15th of July - just what are 'mining activities' anyway?

basically a speccie (and only 6 days away from 'mining activities') with a huge upside potential.

I like the low MC and shares on issue - approx 500m including unlisted options. (I'm an options tragic).

Worth holding I dare say - but feeling nervous about the 15th....

Luck to all CAGers!

 

[elpix]

Re: CAG - Cape Range Wireless

Hello all,

First time writing, but been reading for a while.
Active trading since last year.

Been watching a few of you.

YOUNG_TRADER - I like the depth and research you have provided on several threads.

OK, so I have something to add to the CAG thread, more observation than anything, (so be nice )

---------------
From the 16th June Announcement:

MCR intends to fund all capital expenditure out of the proceeds of production.

Under the approvals obtained in relation to the exploitation area, MCR must
commence operations on or before 15 July 2008. In this regard, MCR has offers
in place from more than one contractor. These offers will be reviewed and
assessed by MCR in reference to costs and facilities given by the contractors
including their experience and track record.

MCR has advised that, if operations have not commenced by 15 July 2008, the
relevant authorities can cancel the authorisation to proceed to mining
(although an extension of time may also be possible). MCR does not believe
there is any risk of operations not commencing by this date.
------------------

Having another read through the announcement, specifically these paragraphs, relieves a bit of the doom and gloom or "what if" I believe.

Having been involved in an exploration site going through pre-fes and mining activity deadlines, this all sounds very familiar.
Seams pretty standard stuff, If they don't get their act together by 15th, yes approval could be cancelled, but extensions are quite common.

Anyway, this is not a certainty, just some food for thought that might stimulate more discussion.
I want to jump on board... maybe tomorrow ??

 

[LRG]

Re: CAG - Cape Range Wireless

hello,

closed at 3.5c today with a high of 3.7c and V of 8.2M.

with the link to NSL boys and 15 july coming up next week does anyone have any thoughts of why it hasn't run up a lot further to date.

i would of expected it closer to 10c by now?

 

[Datsun Disguise]

Re: CAG - Cape Range Wireless

hello,

closed at 3.5c today with a high of 3.7c and V of 8.2M.

with the link to NSL boys and 15 july coming up next week does anyone have any thoughts of why it hasn't run up a lot further to date.

i would of expected it closer to 10c by now?

I reckon the complexity of the situation is not helping, Lots of entities between CAG and the coal.... along with being in Indonesia, I think we Aussies have some trust issues with them..

Let's not forget that it was only a month ago that they announced this venture. I'm pretty sure this is one that will take off once a bit more certainty has been established. They might just need to prove themselves to the broader market.

Really, this is a perfect stock for speculators, give us time to research, mull it over, bit more research and discussion, if you want to get on this boat there has been ample time to do so. Bit like DMM, they need to prove that they can operate in a risky environment before the market will fully value the stock. All or nothing in my view, I'm betting on all for the time being...

 

[nyo]

Re: CAG - Cape Range Wireless

I reckon the complexity of the situation is not helping, Lots of entities between CAG and the coal.... along with being in Indonesia, I think we Aussies have some trust issues with them..

Let's not forget that it was only a month ago that they announced this venture. I'm pretty sure this is one that will take off once a bit more certainty has been established. They might just need to prove themselves to the broader market.

Really, this is a perfect stock for speculators, give us time to research, mull it over, bit more research and discussion, if you want to get on this boat there has been ample time to do so. Bit like DMM, they need to prove that they can operate in a risky environment before the market will fully value the stock. All or nothing in my view, I'm betting on all for the time being...

I am with you Datsun

"Really, this is a perfect stock for speculators, give us time to research, mull it over, bit more research and discussion, if you want to get on this boat there has been ample time to do so. Bit like DMM, they need to prove that they can operate in a risky environment before the market will fully value the stock. All or nothing in my view, I'm betting on all for the time being..."

BTW how's the boy....my kid has come good

 

[ans25]

Re: CAG - Cape Range Wireless

Yes Im a bit surprised that this has not really taken off after getting up to 4.5c a few weeks back.

Finished at 3.5c, and it has finished like that for the last 2 weeks now.

Its held up okay so far I think and the potential is there, maybe 10c at this early stage is a bit too much I think.
Volume has been decent for the last few weeks, hovering around 8-9 million and its not like a whole lot of people dumping it.
Seller to Buyer ratio is looking good as well, with around 2:1 ratio, so that is always a good sign.

Its my view but Im sort of thinking 5c short term hopefully. If the market stays healthy next week this CAN really take off. I still consider it v cheap at the moment.

Anything less than 4c come production time and I will be somewhat dissapointed.

But you have to realise with its big bro NSL, that it didnt take off overnight, I think it started at 2c at the start of year and 6-7months down the track we are seeing it at 10c.

However with this being said, I do think that CAG may get to 10c (if it does that is) in a much shorter amount of time.

Still holding, Good Luck to all holders

 

[YOUNG_TRADER]

Re: CAG - Cape Range Wireless

Well here we are, today is the 15th and so far no ann from the company advising of mining activities yet

Today is d-day and one way or another we're gonna get the answer to the question that has plagued us from day 1 of jumping on board this play, can they really start mining so soon?

Here's hoping