CAG - Cape Range
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Re: CAG - Cape Range Wireless
Might be a good opportunity to pick some up cheap if the announcement comes out that operations have not started. But overall it doesn't change what is in the ground, and probably won't change CAG's exposure to it.
Waiting and wondering
Might be a good opportunity to pick some up cheap if the announcement comes out that operations have not started. But overall it doesn't change what is in the ground, and probably won't change CAG's exposure to it.
Waiting and wondering
Re: CAG - Cape Range Wireless
Good Point Datsun !
No news is good news perhaps.
There is no Ann of operations commencing, however there is also no ann of cancellation either.
The way I see it, there is good potential in the resource and lots of time and money put into setting this whole thing up, an extension would just stall and drop the SP, so yes if you still believe in this then good time to pick up more on the cheap.
I will just hold mine for now and see what happens.
News of an extension might entice me to grab a few more though.
Good Point Datsun !
No news is good news perhaps.
There is no Ann of operations commencing, however there is also no ann of cancellation either.
The way I see it, there is good potential in the resource and lots of time and money put into setting this whole thing up, an extension would just stall and drop the SP, so yes if you still believe in this then good time to pick up more on the cheap.
I will just hold mine for now and see what happens.
News of an extension might entice me to grab a few more though.
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Re: CAG - Cape Range Wireless
Hello, CAG you there???
Today is the 16th, yesterday was the 15th, what the heck happened to the mining deadline?
Hopefully news soon, I hope they met the dealine, or if they didn't I hope they got an extension
Hello, CAG you there???
Today is the 16th, yesterday was the 15th, what the heck happened to the mining deadline?
Hopefully news soon, I hope they met the dealine, or if they didn't I hope they got an extension
Re: CAG - Cape Range Wireless
Maybe they should get a rocket from the ASX for failing to keek the market informed on a price sensitive event!!!!
Maybe they should get a rocket from the ASX for failing to keek the market informed on a price sensitive event!!!!
Re: CAG - Cape Range Wireless
you just know when this sort of thing happens its not good news, a company that doesnt update the market when an announcement falls due does not deserve the time of day or should i say money (from investors).
We'll give CAG the benefit of the doubt and give it till tomorrow, lets see what happens.
you just know when this sort of thing happens its not good news, a company that doesnt update the market when an announcement falls due does not deserve the time of day or should i say money (from investors).
We'll give CAG the benefit of the doubt and give it till tomorrow, lets see what happens.
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Re: CAG - Cape Range Wireless
YT someone here posted this last night and it was not on the thread this morning and I posted another that was removed as well. Not sure why.
It seemed to at least say that mining activities have started and CAG will be putting out an announcement this week.
copy of posts
Hi All,
Just rang the company and all is well. An announcement will be forthcoming soon. Possibly today. Operations proceeding as announced and scheduled per conversation.
Ring the company and ask if you want to verify my post.
Cheers,
Brantley
Head Office Telephone (08) 9486 2333
**************************************************
Hi followme and all others,
Just back. Sorry for the delayed reply I have been in meetings all afternoon.
I spoke with Sean Henbury (Director). We will have an announcement this week and possibly late today but more likely tomorrow or the next day. They will update the market on the mining activities currently in progress with photos of the existing mine and the area.
It sounded like all was proceeding on a positive basis. Now we wait for the official announcement to verify and confirm the current status of the coal mining activities.
Again anyone wanting to validate the above information please ring the company.
DYOR&DD
Cheers,
Brantley
YT someone here posted this last night and it was not on the thread this morning and I posted another that was removed as well. Not sure why.
It seemed to at least say that mining activities have started and CAG will be putting out an announcement this week. copy of posts
Hi All,
Just rang the company and all is well. An announcement will be forthcoming soon. Possibly today. Operations proceeding as announced and scheduled per conversation.
Ring the company and ask if you want to verify my post.
Cheers,
Brantley
Head Office Telephone (08) 9486 2333
**************************************************
Hi followme and all others,
Just back. Sorry for the delayed reply I have been in meetings all afternoon.
I spoke with Sean Henbury (Director). We will have an announcement this week and possibly late today but more likely tomorrow or the next day. They will update the market on the mining activities currently in progress with photos of the existing mine and the area.
It sounded like all was proceeding on a positive basis. Now we wait for the official announcement to verify and confirm the current status of the coal mining activities.
Again anyone wanting to validate the above information please ring the company.
DYOR&DD
Cheers,
Brantley
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Re: CAG - Cape Range Wireless
When I called to speak to someone I was also told Sean Hensbury was the man to speak to, however he wasn't in whne I called last week, maybe I should try again,
Photo's? how abut just a few lines to let us know where everything is at
When I called to speak to someone I was also told Sean Hensbury was the man to speak to, however he wasn't in whne I called last week, maybe I should try again,
Photo's? how abut just a few lines to let us know where everything is at
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Re: CAG - Cape Range Wireless
YT if you ring the company and talk to Sean Henbury will you please post what you find out? I am sure with your experience you will be able to sort out what is happening.
When I called to speak to someone I was also told Sean Hensbury was the man to speak to, however he wasn't in whne I called last week, maybe I should try again,
Photo's? how abut just a few lines to let us know where everything is at
YT if you ring the company and talk to Sean Henbury will you please post what you find out? I am sure with your experience you will be able to sort out what is happening.
Re: CAG - Cape Range Wireless
I posted the above from HotCopper, but for some reason it got deleted?!
Hmmmm is this a conspiracy from ASF!!!
I dont think we should panic...
Never the less it is a bit worrying how there is no announcement on CAG, but apparently everything is fine - I think the price of share has sort of reflected this -it wants to break up but a bit nervous, also there seems to be less volume, before we were seeing up to 8-9mill now we are seeing much less.
I still hold and hopefully looking forward to see it reach highs in the next 1-3 months
I posted the above from HotCopper, but for some reason it got deleted?!
Hmmmm is this a conspiracy from ASF!!!
I dont think we should panic...
Never the less it is a bit worrying how there is no announcement on CAG, but apparently everything is fine - I think the price of share has sort of reflected this -it wants to break up but a bit nervous, also there seems to be less volume, before we were seeing up to 8-9mill now we are seeing much less.
I still hold and hopefully looking forward to see it reach highs in the next 1-3 months
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Re: CAG - Cape Range Wireless
I totally agree with you. They wouldn't hesitate to announce something good. Although extension is likely to be granted, but the significant milestone was unreachable ie let their shareholders know what happened on July15. I expected the announcement to be released by this morning the latest. As no ann was released, i offloaded my truck. No news = bad news as they are possibly "hiding something". Correct me if i'm wrong but i'm just bloody pessimistic
I totally agree with you. They wouldn't hesitate to announce something good. Although extension is likely to be granted, but the significant milestone was unreachable ie let their shareholders know what happened on July15. I expected the announcement to be released by this morning the latest. As no ann was released, i offloaded my truck. No news = bad news as they are possibly "hiding something". Correct me if i'm wrong but i'm just bloody pessimistic
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Re: CAG - Cape Range Wireless
Posted 2 minutes too early Phoenix! Announcement out, mining activities started, first shipment of coal scheduled for September 2008
This is what we've been waiting for, a few more ticks around due diligence etc and we'll be away.
Hold on tight!
I totally agree with you. They wouldn't hesitate to announce something good. Although extension is likely to be granted, but the significant milestone was unreachable ie let their shareholders know what happened on July15. I expected the announcement to be released by this morning the latest. As no ann was released, i offloaded my truck. No news = bad news as they are possibly "hiding something". Correct me if i'm wrong but i'm just bloody pessimistic
Posted 2 minutes too early Phoenix! Announcement out, mining activities started, first shipment of coal scheduled for September 2008
This is what we've been waiting for, a few more ticks around due diligence etc and we'll be away.
Hold on tight!
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Re: CAG - Cape Range Wireless
Ann out,
Mining commenced, see the pics, they are mining!
They expect to start shipping 5k 10k t's a month = 60k - 120k t's p.a. , while small at $200/t = $12m - $24m p.a. in revenue
I am very impressed that these guys kept to their word
Similar to NSL I expect a 5c-10c share price pre the finalisation of the Coal project
Ann out,
Mining commenced, see the pics, they are mining!
They expect to start shipping 5k 10k t's a month = 60k - 120k t's p.a. , while small at $200/t = $12m - $24m p.a. in revenue
I am very impressed that these guys kept to their word
Similar to NSL I expect a 5c-10c share price pre the finalisation of the Coal project
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Re: CAG - Cape Range Wireless
Ah...be patient...that's one thing i don't have anymore unfortunately. I had to set myself a deadline. And i set it up this morning, would sell on the market straight away if no ann was released by 10am. Anyway, i'm off. GL
Ah...be patient...that's one thing i don't have anymore unfortunately. I had to set myself a deadline. And i set it up this morning, would sell on the market straight away if no ann was released by 10am. Anyway, i'm off. GL
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Re: CAG - Cape Range Wireless
From another site
FYI...
Section from ann:
//Details of the contractor will be announced to the market in the very near future. Based on information supplied to CAG by Metro Consolidated, the first shipment of coal is due to occur in September 2008 and will initially only be a relatively small quantity (5,000 to 10,000 tonnes).
Production is then expected to progressively increase over the following 6 month period. Further expansion of the mine plan and mining activities will also be considered during this period. //
17 July 2008
The Company Announcements
Platform Australian Securities Exchange
COMMENCEMENT OF MINING RELATED ACTIVITES
Cape Range Wireless Limited (CAG) is pleased to announce that mining activities have commenced on the exploitation area of the coal concession in South Kalimantan. As stated in CAG’s release to the ASX on 16 June 2008, mining activities were due to commence on or before 15 July 2008 in order to comply with the terms of the approval provided by the Indonesian Ministry of Minerals and Mines. P.T. Metro Consolidated Resources (Metro Consolidated) (in which CAG has a 20% interest) has advised CAG that they have commenced mining related activities and that they are in the final stages of securing a mining contractor.
Details of the contractor will be announced to the market in the very near future. Based on information supplied to CAG by Metro Consolidated, the first shipment of coal is due to occur in September 2008 and will initially only be a relatively small quantity (5,000 to 10,000 tonnes).
Production is then expected to progressively increase over the following 6 month period. Further expansion of the mine plan and mining activities will also be considered during this period.
The legal due diligence on the coal concession is ongoing and is expected to be completed within the next 2 weeks.
Once the legal due diligence review is complete, the Company intends to issue part of the share consideration to the vendors (up to the Company’s 15% placement capacity under Listing Rule 7.1).
The balance of the share consideration will be issued following the receipt of shareholder approval at a general meeting to be convened. Some photographs of the coal concession are attached to this announcement.
Yours sincerely SEAN HENBURY COMPANY SECRETARY CAPE RANGE WIRELESS LIMITED
From another site
FYI...
Section from ann:
//Details of the contractor will be announced to the market in the very near future. Based on information supplied to CAG by Metro Consolidated, the first shipment of coal is due to occur in September 2008 and will initially only be a relatively small quantity (5,000 to 10,000 tonnes).
Production is then expected to progressively increase over the following 6 month period. Further expansion of the mine plan and mining activities will also be considered during this period. //
17 July 2008
The Company Announcements
Platform Australian Securities Exchange
COMMENCEMENT OF MINING RELATED ACTIVITES
Cape Range Wireless Limited (CAG) is pleased to announce that mining activities have commenced on the exploitation area of the coal concession in South Kalimantan. As stated in CAG’s release to the ASX on 16 June 2008, mining activities were due to commence on or before 15 July 2008 in order to comply with the terms of the approval provided by the Indonesian Ministry of Minerals and Mines. P.T. Metro Consolidated Resources (Metro Consolidated) (in which CAG has a 20% interest) has advised CAG that they have commenced mining related activities and that they are in the final stages of securing a mining contractor.
Details of the contractor will be announced to the market in the very near future. Based on information supplied to CAG by Metro Consolidated, the first shipment of coal is due to occur in September 2008 and will initially only be a relatively small quantity (5,000 to 10,000 tonnes).
Production is then expected to progressively increase over the following 6 month period. Further expansion of the mine plan and mining activities will also be considered during this period.
The legal due diligence on the coal concession is ongoing and is expected to be completed within the next 2 weeks.
Once the legal due diligence review is complete, the Company intends to issue part of the share consideration to the vendors (up to the Company’s 15% placement capacity under Listing Rule 7.1).
The balance of the share consideration will be issued following the receipt of shareholder approval at a general meeting to be convened. Some photographs of the coal concession are attached to this announcement.
Yours sincerely SEAN HENBURY COMPANY SECRETARY CAPE RANGE WIRELESS LIMITED
michael_selway
Coal & Phosphate, thats it!
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Re: CAG - Cape Range Wireless
Hm not bad at all, i wonder what sthe max production rate per month they get get it up to?
thx
MS
Hm not bad at all, i wonder what sthe max production rate per month they get get it up to?
thx
MS
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Re: CAG - Cape Range Wireless
I like the words 'relatively small quantity' of 5-10kt a month. Hopefully that is relative to future production they are talking about. This is such a new project for them you'd expect that it will take some time for them to sort out the mining plan, decide how much capex to commit and such.
Bit surprised at the lack of sp movement so far though. But I'd be happy with a slow but steady appreciation.
I like the words 'relatively small quantity' of 5-10kt a month. Hopefully that is relative to future production they are talking about. This is such a new project for them you'd expect that it will take some time for them to sort out the mining plan, decide how much capex to commit and such.
Bit surprised at the lack of sp movement so far though. But I'd be happy with a slow but steady appreciation.
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Re: CAG - Cape Range Wireless
In this market I'd be happy if it only went sideways!
Good to see things progressing well in Indonesia.
I'm in it on the Faldi Factor.
Coal is his thing.
In this market I'd be happy if it only went sideways!
Good to see things progressing well in Indonesia.
I'm in it on the Faldi Factor.
Coal is his thing.
Re: CAG - Cape Range Wireless
Woohooooo
Congrats on the patient.
This is going to be the next success story, hopefully, as long as the market stays ok then maybe we can see this doubling by first ore!
I thought there would be more volume but its increased 10% on that is good news, hopefully it can hold at 3.5c by end of tomm, and then.... onwards to Victoooreee
(sorry I'm not a swannies supporter)
But you have to excuse me because I am happy
Woohooooo
Congrats on the patient.
This is going to be the next success story, hopefully, as long as the market stays ok then maybe we can see this doubling by first ore!
I thought there would be more volume but its increased 10% on that is good news, hopefully it can hold at 3.5c by end of tomm, and then.... onwards to Victoooreee
(sorry I'm not a swannies supporter)
But you have to excuse me because I am happy
Caliente
Black Gold!
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Re: CAG - Cape Range Wireless
lol, you want to increase the volume? sell me some units!
I'm in the buy stack right now.
Cheers
-Cali
lol, you want to increase the volume? sell me some units!
I'm in the buy stack right now.
Cheers
-Cali
