CAG - Cape Range

[nioka]

Re: CAG - Cape Range Wireless

The way I see CAG.

The mining had to start by a certain date so that the lease conditions were met. So mining started. At a token level sufficient to satisfy the conditions.

To get the company on the move and to graduate to meaningful commercial levels with coal mining, sales etc, it will take a little time and a lot more money.

Holders of CAG should be happy that the company in which they have shares is involved in a major way in this project which appears to be proceeding to major production of coal.

Slow and steady wins the race. Don't expect to win the lottery with CAG. Just be happy to be well rewarded with a handsome return in reasonable time.

 

[Caliente]

Re: CAG - Cape Range Wireless

CAG showing signs of a pulse.

Buy stack and depth has improved "significantly" compared to the last few weeks.

 

[YOUNG_TRADER]

Re: CAG - Cape Range Wireless

Guys on the 17th of this month the company said

"The legal due diligence on the coal concession is ongoing and is expected to be completed within the next 2 weeks."

That means we can expect something this week or at the latest monday tuesday,

The question is just how big this coal deposit could be and the more and more reading/research I do the more I realise that the Kalimantan area of Indonesia is to coal what Pilbara is to Iron Ore, check out this UK company

http://www.churchillmining.com/project3.html

The are capped at $100m+ and have found alot more coal than they ever expected in the area

A reminder of just how prospective Kalimantan is

"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."

 

[YOUNG_TRADER]

Re: CAG - Cape Range Wireless

Well we got a nice little update today telling us despite all the noise and bearishness in the mkts the worlds still spining and CAG are progressing towards ealry cash flow at its coal operation


The big announcement which should contain the tonnage estimate is yet to come

 

[Caliente]

Re: CAG - Cape Range Wireless

Something interesting I noticed.

"P. T. Metro Consolidated Resources (Metro Consolidated) (in which CAG has an indirect 20% interest) has advised CAG that the contract now envisages that after three months, production will reach a capability such as to load a Handymax."

"After this three month period, a review will be undertaken with a view to increasing the amount of machinery required to accommodate the needs of the mine"

From Wikipedia.
Handymax or Supramax is a naval architecture term for a bulk carrier, typically between 35,000 and 60,000 metric tons of deadweight (DWT).

Modern handymax designs are typically 52,000-58,000 DWT in size, have five cargo holds, and four cranes of 30 metric ton lifting capacity.

I wonder if they mean eventual monthly production? or the production total in three months...

Either way looks like the project is ramping up well!

 

[ans25]

Re: CAG - Cape Range Wireless

Yep showing good signs although down 4 perc today.

Hoepfully the market re-ignites iinterest in this, and who knows maybe big bro NSL can be passed soon

 

[LRG]

Re: CAG - Cape Range Wireless

CAG is still not going anywhere despite all the ducks lining up.

Why do I keep going into the red with these stocks.

We can't hold too many losers - does anyone really see this heading up soon?

YT, do you hold a large parcel or are you selling down?

 

[YOUNG_TRADER]

Re: CAG - Cape Range Wireless

CAG is still not going anywhere despite all the ducks lining up.

Why do I keep going into the red with these stocks.

We can't hold too many losers - does anyone really see this heading up soon?

YT, do you hold a large parcel or are you selling down?

As I have said over and over and over again I am waiting for the due dilligence (maybe read?) to see how large the coal deposit is, I am expecting around 30-50Mt's anything more will be great

Mkt Cap is $8m DYOR

note even NSL after all the negativity sits at 5c which is well above the 2c base it ran off so again DYOR

 

[sam76]

Re: CAG - Cape Range Wireless

Well, I've been averaging down like a madman over the last couple of days with CAG.

This thing seems to have support around the 2 cent level and is overdue on a couple of announcements that could see interest return in a big way.

Good buying at these levels IMO (if you like a punt)

 

[Ashsaege]

Re: CAG - Cape Range Wireless

Well, I've been averaging down like a madman over the last couple of days with CAG.

This thing seems to have support around the 2 cent level and is overdue on a couple of announcements that could see interest return in a big way.

Good buying at these levels IMO (if you like a punt)

How much do you rely on announcements? I think the market is fairly efficient and already factor in expected announcements. CAG had good momentum before the announcement that they had started producing coal, and when they finally did announce it the share price didn't rocket off. Its the 20% of holders who rely on these announcements and then react instantly to them, hence why we had a drop and now hovering around the 2c region.

 

[sam76]

Re: CAG - Cape Range Wireless

Not sure I understand your post, but to me announcements equal confirmation...and confirmation equals risk minimisation.

Off course you can also buy on rumour sell on fact as well.

Cheers,

 

[LRG]

Re: CAG - Cape Range Wireless

All I can say is things are grim.

I reckon i am down 50% on

CAG, AOM, NSL, LOD etc that have been on thr hot lists in the forum discussion topics.

It is funny when the prices head south there are no/little discussions about them.

Every one is in denial!!!

Lets all hope for a miracle in the coming weeks

 

[nioka]

Re: CAG - Cape Range Wireless

All I can say is things are grim.

I reckon i am down 50% on

CAG, AOM, NSL, LOD etc that have been on thr hot lists in the forum discussion topics.

It is funny when the prices head south there are no/little discussions about them.

Every one is in denial!!!

Lets all hope for a miracle in the coming weeks

Specs are SPECS. they need news to have an effect on the SP. No news from the company usually means no interest in the stock. You have to wait for news,anticipate when more news is due and trade or hold accordingly. A miracle just wont happen. Some progress may.

With CAG we have to assume that some mining is happening or about to happen. That would require some facilities to be established first, probably some access improvement and stockpile areas before delivery of product would occur. These things don't come out of thin air. All we can hope for at this stage is that these things are underway and we get the next announcement that sales are being made. The market cap is low, the SP is low so if you have confidence you buy or hold, if not then ?????

I'm sitting waiting. I'm not counting on a miracle. I'm not betting my house on CAG but I count on it having a better than 50% chance of making me a reasonable profit somewhere down the line. Maybe next month, maybe next year. After all it is a spec and they do not all turn into 10 baggers, that is why they are penny stocks.

 

[Buster]

Re: CAG - Cape Range Wireless

Hmmm..

Watching watching watching.. but probably not with the same expectations as the majority of those here..

As a (previous) holder of this stock for some seven years, you'd expect that I'd have a reasonable understanding of how this mob operates..

I do, and I also have some very strong opinions about the stock.. However the last time I made known my opinion the thread got closed down as apparently I was 'down ramping' (so I could get back in!! LOL).. I won't repeat them here and jeopardise this thread..

I'm sure you could find the thread though if you had a quick look..I'm not sure that I could as polite as some and call it a 'SPEC' though..

Regards,

Buster

 

[nioka]

Re: CAG - Cape Range Wireless

Hmmm..

Watching watching watching.. but probably not with the same expectations as the majority of those here..

As a (previous) holder of this stock for some seven years, you'd expect that I'd have a reasonable understanding of how this mob operates..
Buster

As stated before, this is a rebirthed company. Different directors, different business, different financials.

From company reports;
"First shipment of a relatively small quantity of coal 5,000 to 10,000 tonnes due to occur this month. Production to increase over the following 6 month period."

"Current plan is to mine 1,000 tonnes per weather working day and look towards selling the first barge of 6,000 to 8,000 tonnes by September with a view to increasing it consistantly from then on and after 3 months production will reach a capability to load a handymax."

Therefore it is reasonable to expect that we will soon get an announcement that sales have started to give the company some income and that income will continually increase. If this eventuates, even if a little late then CAG is on the way to giving us some value for our patience and our investment.

What more could we expect??? DYOR. I'm happy to hold.

 

[Ashsaege]

Re: CAG - Cape Range Wireless

Cheers gentlemen, and ladies. I've closed out my order for a total accumulation of 1.5 million units between 0.031 - 0.033

Best of luck to holders!
-Cali

That's confidence with a capital B!
Are you still holding Cali?

If only we had the gift of foresight...

 

[Buster]

Re: CAG - Cape Range Wireless

Hey Nokia,

As stated before, this is a rebirthed company. Different directors, different business, different financials.

[Stuff Deleted..]

Therefore it is reasonable to expect that we will soon get an announcement that sales have started to give the company some income and that income will continually increase. If this eventuates, even if a little late then CAG is on the way to giving us some value for our patience and our investment.

I genuinely hope that it does eventuate for the holders of the stock, those with faith.. However, as I've said before, there always seems to be an announcement soon.. and the announcements always herald in a new era with significant good news, although when you strip away all the fluff they generally say little to nothing.

I won't harp on as weve discussed this privately, but I walked into this room and tripped over the chair behind the door.. I'd simply like to pass onto those that have just opened the door to keep an eye out for the chair..

Fair enough?

Regards,

Buster

 

[arkady]

Re: CAG - Cape Range Wireless

The old company was Telecommunications and IT. Cut-throat industry and very hard to survive. Now in the mining business I can't see any big losses on the horizon. They have the potential to make a decent profit on what they have in Indonesia (pending due diligence of course). They also have their eye on adjacent land for further exploration. Sitting on a 40% loss but still like what they have and willing to hold.

 

[Buster]

Re: CAG - Cape Range Wireless

G'Day Arkady,

The old company was Telecommunications and IT. Cut-throat industry and very hard to survive. Now in the mining business I can't see any big losses on the horizon. They have the potential to make a decent profit on what they have in Indonesia (pending due diligence of course). They also have their eye on adjacent land for further exploration. Sitting on a 40% loss but still like what they have and willing to hold.

Yeah mate, understood.. I held them for a loooong time.

One of my concerns is that they target 'bubble' markets and start the spin.. very little comes of anything (particularly in the past, hence the 'rebirth'..)and I suspect the same will be true for the future..

Happy to be wrong though..

Regards,

Buster

 

[Datsun Disguise]

Re: CAG - Cape Range Wireless

G'Day Arkady,

Happy to be wrong though..

Maybe not as happy as me Buster...

I note that the DD has not yet been released. This is a concern as it has been underway for some time and was announced as being expected to be complete by the end of July...

I am not yet ready to pull the pin as this is Indonesia and I would say that the DD process would be slightly (a lot) more difficult between a foreign co and a local than between 2 aust. co's in aust. (which is the standard by which I'm judging the time taken)

Still, looks very much like holders are getting nervous, heading towards the point where failed DD is priced in.... imho.