CAG - Cape Range

pan said:

Anyone got coal prices? and the size of the resource that CAG has?
A link to a page or such would be apreciated?
cheers

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nyo said:

Anyone got coal prices?

coal prices

http://www.globalcoal.com/default.cfm

Weekly Index & nbspRB Index
06-Jun-08 130.15
13-Jun-08 136.47
20-Jun-08 144.00
27-Jun-08 159.70

&nbsp NEWC Index
06-Jun-08 158.53
13-Jun-08 160.23
20-Jun-08 162.66
27-Jun-08 172.10

&nbspDes ARA Index
06-Jun-08 173.57
13-Jun-08 177.37
20-Jun-08 185.53
27-Jun-08 203.44

http://www.eia.doe.gov/cneaf/coal/page/coalnews/coalmar.html

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pan said:

cheers thanks for your help and the links.

would be good to see some EV for cag,

pan.

by the way nomore4s
look at the chart in all data. CAG has been around for a while.

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ans25 said:

Yes YT, I feel like deja vu again as with NSL, although there I sold out at 5c from 2c.

I think this time if it crosses 6c I will stay on board the train

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nioka said:

You can't lose if you take some profit to redeem the initial outlay and free carry the rest as a spec. That is insurance which is well worth while. By doing that I am free carrying around 10 specs and using the same capital as I used with the first. Spreads the risk.

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mick2006 said:

some very positive price action going on in CAG this morning, with some very large buying at the 4.2-4.3c level, we may just be seeing the first signs of a significant breakout higher on the back of upcoming coal news out of indonesia.

a break above the last resistance at 4.5c may signal significant short term gains.

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andy87 said:

Why is everyone comparing NSL's performance to CAG? Looking at NSL's chart, there nearly 400% down from what they were 4 years ago. Let's hope that for anyone invested in CAG, they dont perform in the same manner

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YOUNG_TRADER said:

Guys you have to I repeat have to understand the following

1. CAG is a re-cap/recon, this means that in no way is CAG's past perfromance in anyway linked to its future, it became a new company kinda like an IPO of few weeks back

2. The same team behind NSL are behind CAG and so while the deals make look hard to understand etc etc one need only look at NSL's share price to see the possible multi bagger profits that can be made

3. CAG is a spec atm, which offers high rewards but also high levels of risk

4. Given CAG's early spec stage EV's or Resource estimates at this stage are absurd

Do yourselves a favour and look through the CAG thread from my first posts, also look at the NSL thread to see how that story has evolved

Cheers

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YOUNG_TRADER said:

Hey guys,

CAG been quiet for awhile and with the current weakness in the mkts it was good to see it not fall back too much,

Just reminded myself why I bought and why I am still holding,


Mining is due to commence in around 10 days or so

Also an Australian Geo should be reviewing the "substantial" historical JORC estiamted by the Indonesians and announcing it to the mkt, in the mean time I think like Big Bro NSL, CAG will be a leaky ship and the SP movements will tell the story


But I am very interested to see how big this "substantial" deposit is

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