BND - Bandanna Energy
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- bandanna energy bnd
shares (currently able to be traded) 30,305,137 (301,875,006 in escrow - 242,003,203 until 09/10/10, 59,871,803 until 26/09/09)
options approx 5.8M executive exercisable from .80 and upwards
cash in bank approx $6.6M
cash outlfows this qtr approx $1.3M
the top 20 s/holders hold approx 93% of shares (mostly in escrow as above)
projects
arcadia 100% bowen basin inferred 273M t (target 1,150M t) (25kms from rail line)
springsure creek 100% bowen basin inferred 221.4M t indicated 17.6M t EPC 891 (target 417 - 600M t) (18kms from rail line) (5Mtpa rom project 20 y minelife mining 2014)
arcturus 100% bowen basin inferred 99M t indicated 55M t EPC 1221 (15 kms form rail line) (potential for open cut - 98M t at less than 60m depth)
wanella 100% bowen basin
dingo west 30% (macarthur coal to earn 70%) bowen basin inferred 91.1M t EPC 861 (literally on rail line, Macarthur Coal earning up to 70% by funding development to first production) (Open cut mine with capacity of at least 1.9 Mtpa) (All infrastructure to be provided and funded by Macarthur Coal including securing port and rail allocation) (mining by 2012)
arcturus, springsure and arcadia could become a 20M t pa regional development (all within 50Km radius)
7 other bowen basin tenements yet to be explored
alpha 50% (acmi to earn 50%) galilee basin inferred 922M t indicated 60M t EPCs 1048, 1049, 1179 & 1180 (AMCI earning up to 50% interest by funding exploration & development program up to $25m)
the maiden resource ann'd recently of 982M t covers just the d seam form the north-east portion of EPC1049 only
as to galilee basin,
clive palmer's waratah coal has entered into an mou with china metallurgical group corp to develop a 40M t p/a based on resources in tenements that abut EPC 1049, (hancock prospecting has ann'd significant resources north of warath tenements) these groups are discussing construction of a 490 kms railway to an export terminal, bandana is the only asx-listed stock with tenements in this area
6 oil and gas projects in the cooper and suart basins
cheers
options approx 5.8M executive exercisable from .80 and upwards
cash in bank approx $6.6M
cash outlfows this qtr approx $1.3M
the top 20 s/holders hold approx 93% of shares (mostly in escrow as above)
projects
arcadia 100% bowen basin inferred 273M t (target 1,150M t) (25kms from rail line)
springsure creek 100% bowen basin inferred 221.4M t indicated 17.6M t EPC 891 (target 417 - 600M t) (18kms from rail line) (5Mtpa rom project 20 y minelife mining 2014)
arcturus 100% bowen basin inferred 99M t indicated 55M t EPC 1221 (15 kms form rail line) (potential for open cut - 98M t at less than 60m depth)
wanella 100% bowen basin
dingo west 30% (macarthur coal to earn 70%) bowen basin inferred 91.1M t EPC 861 (literally on rail line, Macarthur Coal earning up to 70% by funding development to first production) (Open cut mine with capacity of at least 1.9 Mtpa) (All infrastructure to be provided and funded by Macarthur Coal including securing port and rail allocation) (mining by 2012)
arcturus, springsure and arcadia could become a 20M t pa regional development (all within 50Km radius)
7 other bowen basin tenements yet to be explored
alpha 50% (acmi to earn 50%) galilee basin inferred 922M t indicated 60M t EPCs 1048, 1049, 1179 & 1180 (AMCI earning up to 50% interest by funding exploration & development program up to $25m)
the maiden resource ann'd recently of 982M t covers just the d seam form the north-east portion of EPC1049 only
as to galilee basin,
clive palmer's waratah coal has entered into an mou with china metallurgical group corp to develop a 40M t p/a based on resources in tenements that abut EPC 1049, (hancock prospecting has ann'd significant resources north of warath tenements) these groups are discussing construction of a 490 kms railway to an export terminal, bandana is the only asx-listed stock with tenements in this area
6 oil and gas projects in the cooper and suart basins
cheers
and such as it is with tightly held stock, such as bandanna
closed @ .36, up approx 18% on smallish volume
not much for sale currently below .50 (5K @ .385, 5K @.425)
current market cap (only accounting for shares currently tradeable) approx $11M [including escrowed shares approx $120M], current resource estimate across projects 1.2B t (taking into account jv %'s, mostly inferred)
cheers
closed @ .36, up approx 18% on smallish volume
not much for sale currently below .50 (5K @ .385, 5K @.425)
current market cap (only accounting for shares currently tradeable) approx $11M [including escrowed shares approx $120M], current resource estimate across projects 1.2B t (taking into account jv %'s, mostly inferred)
cheers
prawn_86
Mod: Call me Dendrobranchiata
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current market cap (only accounting for shares currently tradeable) approx $11M [including escrowed shares approx $120M], current resource estimate across projects 1.2B t (taking into account jv %'s, mostly inferred)
cheers
The escrowed shares are still shares and therefore still count towards the market cap. Really its no different to someone who buys 'long term' and doesnt sell, so therefore needs to be included
BND announced that it is assessing corporate transactions to get greater value from its portfolio assets.
BND has sold out of its legacy oil and gas interests for cash.
Recent announcements by Hancock Coal and ResourceHouse put much greater value on Galilae Basin coal than any brokers.
Calculated NPV $2.30.
Cheers.
Read in this month's smart investor magazine that the price target is $1.91 in the next 12 months. The top pick of their stocks to watch in 2012. Heading into production next year, and has access to ports in Qld.
What do people think?
The small coal firms seem to be hit hard..
BND now 57 cents... I got some at 68 cents ...
CPL hit close to $2... and is now in the low $1
and obviously we all know what happened to COK...
skc
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Big coal not doing that fantastic either. NHC, GCL, AQA are all in pretty solid downtrend.
Yep.. and so are my Gold stocks
and iron ore (AGO)... I"ve given up averaging my costs as I'm just catching a falling knife.
My BND shares were bought for 78cents actually... and I tried queing for some at 51 cents today... but it seemed to find support at 53cents.
According to one of the segments on the Sky Your MOney Your call last week... It has the potential to drop down to 32 cents!!!
Unfortunately I bought some more at 52 cents thinking that's the bottom....
But picked up to 46 cents today....
springhill
Make the drill work for YOU
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Measured Coal Resource confirmed at Springsure Creek for at least the first 10 years of underground mine plan
Completion of geotechnical holes for detailed mine development
● Maiden Measured Resource of 52.8 Million Tonnes in Aries 2 Seam
● Indicated Resource of 222.3 Million Tonnes in Aries 2 Seam
● Total Springsure Creek Resource now 543.7 Million Tonnes
● Completion of geotechnical holes for main mine access drifts and underground pit bottom (including main ventilation shaft and underground mine services area)
Completion of geotechnical holes for detailed mine development
● Maiden Measured Resource of 52.8 Million Tonnes in Aries 2 Seam
● Indicated Resource of 222.3 Million Tonnes in Aries 2 Seam
● Total Springsure Creek Resource now 543.7 Million Tonnes
● Completion of geotechnical holes for main mine access drifts and underground pit bottom (including main ventilation shaft and underground mine services area)
Attachments
tech/a
No Ordinary Duck
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Just bought in a low risk entry (in my view)
Will post a chart shortly
Will post a chart shortly
tech/a
No Ordinary Duck
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skc
Goldmember
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Looks good. Thanks for pointing out.
The small caps are running and it pays to join the fun imho.
DTE is another one that looks promising to me.
Even LYC is showing signs of life. Although a random trading halt can send the stock 50% either direction.
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Im new to the stock market and fortunately have had some success on my first few goes, in which I've doubled my 3k investment. I became a kid in a candy store and just bought 20K shares at 24Cents as a long term speculative buy (from my own opinion). Looking at the results and forecast possibly not a wise choice as of yet. Ill just chuck this stock in the cupboard and see what happened in the future. oneway I look at it. is if this stock becomes nothing its from my own choice and not a influence from others and do a bit more intense research next time.
springhill
Make the drill work for YOU
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'Chuck them in the cupboard?'
20k is decent money in anyones language. If you aren't going to keep a watchful eye on them, why not sell them, take the capital loss to negate your capital gain?
You are running the extreme risk of losing all of your $20k.
Maybe if you share your long term analysis, you may receive some valuable advice from those more experienced.
Up to you mate, it's your money.
