CDS - Comdek Limited
- Thread starter Wilson!
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The new boys start at CDS on the 14th of July.
IMO they need to be involved in any big announcements.
What a way to start off a new job with an upgrade.
IMO they need to be involved in any big announcements.
What a way to start off a new job with an upgrade.
All the hype has gone out of CDS.....
The SP has taken quite a dip of late...... kinda disappointing.... sitting on a decent parcel...
anybody got any news or updates? ~ they need some releases....
They recently settled the purchase of Uranex (UNX)... which has also taken a dip too...
http://imagesignal.comsec.com.au/asxdata/20080630/pdf/00855452.pdf <- Initial exploration results from UNX...
The SP has taken quite a dip of late...... kinda disappointing.... sitting on a decent parcel...
anybody got any news or updates? ~ they need some releases....
They recently settled the purchase of Uranex (UNX)... which has also taken a dip too...
http://imagesignal.comsec.com.au/asxdata/20080630/pdf/00855452.pdf <- Initial exploration results from UNX...
Comdek Limited (ASX: CDS) has increased its estimated inferred
resource by 78 per cent to 739 million tonnes. This increase, in line with the
requirements of the Australian Code for Reporting of Mineral Resources and Ore
Reserves (the JORC code), results mainly from the analysis of 12 additional
boreholes in the Company’s key South African Waterberg deposit, Koert Louw
Zyn Pan.
LIKE WOW!!!! Glad I held!!!
resource by 78 per cent to 739 million tonnes. This increase, in line with the
requirements of the Australian Code for Reporting of Mineral Resources and Ore
Reserves (the JORC code), results mainly from the analysis of 12 additional
boreholes in the Company’s key South African Waterberg deposit, Koert Louw
Zyn Pan.
LIKE WOW!!!! Glad I held!!!
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Not that convinced at this stage. I though the target at SA was around 1 billion tonnes? 739 is well short of the 1 billion…
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There are something like 98 more holes to dig and analyse.
They have only upgraded one area and have two more to go.
Tasmania upgrades to come as well.
I think 1 billion will be dwarfed in the coming months.
I agree with the comments concerning the limited amount of drilling. More reserves to uncover in the futue. The coal deposit appears to be accesable, with many SA coal reserves, the ground is heavily faulted and coal is not uniform. However I have a long term position, as I feel that the managment have experience in bringing good coal assets forward. Future is in coal and CSM as they are cheaper and easier to exploit. Coal to Electricity conversion in SA is very advanced most Power Stations are super crits (>40 % conversion). Like to hear more opinions on this one
Simartech
Simartech
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Hi Simartech,
My research agrees with yours. Not sure about the CSM aspect for the company. I've always regarded it as a dark horse given the proximity to other CSM producers.
The quantity and quality of the coal is there - the great thing with the company is that it hasn't tried to spruik what they have - which means that insiders are trying to buy for as long as possible rather than offload as quickly as possible.
I don't think the the Paul Jury and Stephen Mathews would stake their reputations on something they thought would fail.
Also - Tassie is a another dark horse. Activity update and change to mining co imminent.
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does any1 out there think the halt will cause the price to rise or have little to no affect on the price? does any1 think this stock is undervalued at current price 19 cents?? i guess everything on the ASX is somewhat undervalued these days...
from my reading of the announcement, it sounded like they wanna raise capital from the market to develop their projects. My interpretation is that It looks bad for short term share price as more shares are gonna be available but in terms of development it's a positive, the presentation showed more details of their plans, it available here http://au.finance.yahoo.com/q/aca?s=CDS.AX
note there also gonna change their name.
note there also gonna change their name.
Yup -> New name Resource Generation Limited
Short term - expecting to see the SP gravitate towards the placement price ~ Alot speculation ->
Correction placement is 18c... Havent been checking ~ since I bought a bit higher ==" oh wellz
Good for long term I think. At least it generates some SP movement (hopefully north soon) instead of the stagnant puddle its been recently sitting in.
I'm holding.
Short term - expecting to see the SP gravitate towards the placement price ~ Alot speculation ->
Correction placement is 18c... Havent been checking ~ since I bought a bit higher ==" oh wellz
Good for long term I think. At least it generates some SP movement (hopefully north soon) instead of the stagnant puddle its been recently sitting in.
I'm holding.