CR9 - Corella Resources

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Re: EXE - Exoma Energy

Anyone got insight as to why the sp keeps on falling? I also hold Aut, Eka and Sea and hope Exe to come on par, any thoughts

No idea why it's fallen, but is appears the sell-off may have come to a support level. The intraday Low stopped right where the rising support meets long-term EMA; the day's candle forms an inverted hammer, which in itself is seen as a potential bottom reversal. Volume was quite low, but that is usual at this time of year. In any case, it was higher than earlier this week, which also lends weight to the support case.

In 2 words: I hold.

 

[simcat]

Re: EXE - Exoma Energy

I'm sitting on it as well but it is bizarre that the price has walked backwards since the announcement. Any expert opinions on why, I can't make any sense of it (not that I necessarily expect to be able to either - it is the 'market' after all).

 

[philly]

Re: EXE - Exoma Energy

EXE is in a trading halt pending an announcement regarding a "material transaction relating to a placement"

this announcement coupled with the Chinese having a 50% interest in the Galilee Basin permits and drilling about to commence shortly it could be that the SP is just about to take off.

All IMHO & DYOR

I hold and good luck to all holders

 

[Wysiwyg]

Re: EXE - Exoma Energy

Lacklustre trading continued after halt lifted but EXE is not alone with other gas exploration companies trading flat or down trend. Gas prices (U.S.) still low at near 4 bucks per million British thermal units and isn't rising with crude price.

 

[chakvetadze]

Re: EXE - Exoma Energy

No posts for nearly a year. A good sign perhaps? Not ramped, relatively unknown. What did members think of the lab tests recently announced?

 

[philly]

Re: EXE - Exoma Energy

No posts for nearly a year. A good sign perhaps? Not ramped, relatively unknown. What did members think of the lab tests recently announced?

I think we will see some action soon on the SP. EXE holds 5 permits in the Galilee Basin QLD covering 27,000 square kilometers. Has a Farm-in Agreement with China National Offshore Oil Corporation (“CNOOC”). Under the terms of the Farmin, CNOOC acquires a 50% participating interest in the Galilee Basin permits by contributing $50 million towards exploration costs. And most importantly on 28/2/12 EXE announced that it had contracted AUSDRILL to provide a rig and drilling services for the forthcoming 2012 drilling programme commencing in April 2012.
All IMHO & DYOR.
I hold EXE

 

[pixel]

Re: EXE - Exoma Energy

EXE has come back to my watchlist at the volume spike about 3 months ago.
Been buying since, and even though I've traded the swings as well, I still hold a good-sized parcel. Not many more up for grabs in recent weeks either...

 

[philly]

Re: EXE - Exoma Energy

No posts for nearly a year. A good sign perhaps? Not ramped, relatively unknown. What did members think of the lab tests recently announced?

Back on 19/12/11 EXE reported that US based Weatherford Labs had conducted preliminary analysis of 3 core samples from a well in the ATP 999P. The anaysis showed that the Toolebuc Shale was generating both oil and gas. They estimated that the oil in place [OIP] was at the rate of an average of 2.2m barrells per square kilometer

The report dated 27/2/12 confirms the earlier estimates.
Given EXE's acreage in the Galilee Basin it could be sitting on a substantial discovery.
All IMHO & DYOR
I am a holder

 

[chakvetadze]

Re: EXE - Exoma Energy

Obviously at these depths they will ultimately be horizontal drilling and fraccing like in the Bakken in the USA. The resource is simply huge. I'll be interested to see the 2012 drill program. I think this can three bag on a successful 2012 drill campaign and that could be just the start. I rate it an outstanding buy and hold at 17c.

 

[bkel4464]

Re: EXE - Exoma Energy

Chakvetadze do you still like this? Do you still own? I have been watching it over the past few weeks and really like it at these levels. I think I might buy in the next week or so? What do you make of last weeks announcement and the quarterly?

 

[philly]

Re: EXE - Exoma Energy

At 11.00am today the ALMA-1 well was at 1042m [TD is 1275m] so not far to go now. This is the first of 22 wells to be drilled in 2012. EXE is fully funded during this drilling programme.
Good luck to all holders.

I HOLD

 

[springhill]

Re: EXE - Exoma Energy

EXE company presentation.
http://www.asx.com.au/asxpdf/20120801/pdf/427sbsnd0qkb0c.pdf

 

[springhill]

Re: EXE - Exoma Energy

EXE had an enviable cash position ($9m+) for its market cap ($10m) as of 31/1/13. Unfortunately their spend in this quarter was due to be $3.5m, up to this point in the quarter they have not reaped any SP increase for the spend.

In reading through their update today there is not a lot to get excited about for the rest of this calender year either.

With no scheduled drilling program for 2013 and EXE now in preservation mode in terms of cash spend, share price appreciation is unlikely.

The only hope for growth is a project acquisition.

 

[System]

On May 16th, 2016, Exoma Energy Limited (EXE) changed its name and ASX code to The Gruden Group Limited (GGL).

 

[System]

On May 25th, 2018, The Gruden Group Limited (GGL) changed its name and ASX code to Sinetech Limited (STC).

 

[Lewie_17]

What's happens if we participated in the Options Entitlement?

 

[Dona Ferentes]

from the PDS

SINETECH LIMITED
TO BE RENAMED ‘CORELLA RESOURCES LIMITED’ ACN 125 943 240

offer of 200,000,000 Shares at an issue price of $0.02 per Share to raise a minimum of $4,000,000, with oversubscriptions of up to a further 50,000,000 Shares at an issue price of $0.02 per Share to raise up to a further $1,000,000 (Public Offer). This Prospectus also includes the Secondary Offers, as detailed in Section 4.2.
The Offers will take place on a post-consolidation basis, following a twenty (20) to one (1) consolidation of the Company’s issued share capital.

The former activities of the Company have principally been the development of software applications and information technology systems to support validating credentials for potential employees and suppliers.

As announced on 11 February 2021, the Company has entered an acquisition agreement, pursuant to which the Company will acquire 100% of the issued capital in HPAA Pty. Ltd. HPAA is legal owner of four granted tenements and one tenement application, which together comprise four exploration projects prospective for high-grade kaolin and silica, described generally and located as follows:
(a) the Tampu Kaolin Project, which is located in the shire of Beacon, 265km north east of Perth;
(b) the Wiltshire Kaolin Project, which is located 370km north of Perth and 90km east of Geraldton;
(c) the Kalannie Kaolin Project, which is located 210km north east of Perth and 65km west of Tampu; and
(d) the Bonnie Rock Silica Project, which is located 250km east north east of Perth and 70km south of Tampu,

 

[System]

On April 27th, 2021, Sinetech Limited (STC) changed its name and ASX code to Corella Resources Limited (CR9).

 

[brerwallabi]

Australian Kaolin and Silica exploration company Corella Resources Ltd is a Kaolin and Silica exploration company based in WA. The company has only been in operation for a few month, it has however recently completed a drill program at its 100% owned Tampa Kaolin Project.
Samples have been submitted to the laboratory for analysis. The Tampu drill campaign intercepted broad intercepts of bright white kaolin at shallow depths which will be verified by laboratory testing. Initial assay results from the campaign are expected in this quarter which will be used to develop its maiden JORC Inferred Resource estimate.

Corella Resources Managing Director, Tony Cormack, commented “The Corella team have moved fast to advance through the drilling phase at Tampu and we will keep up the pace by advancing exploration at our other exciting kaolin and hard rock silica projects. We have a team just back from out bush this week focussed on designing programs for the Wiltshire and Kalannie Kaolin Projects along with the Bonnie Rock Silica Project. Results of the field assessment and details of Corella’s exploration strategy for dc2021 are expected to be reported in the coming weeks. It is a great time to be a Corella Resources shareholder as we systematically work through development stages at Tampu, whilst unlocking the potential of our impressive portfolio of exploration assets and importantly we have the right team in place to deliver on these projects”.

Seeing I picked this yesterday for the August tipping comp I didn’t expect it to go up almost 20% today it could have waited till next month when assay results are expected.
Expectation is that the demand for Kaolin may well double over the next few years.
I hold.

Sent from my iPad

 

[brerwallabi]

CR9 is a exploratory company currently drilling kaolin deposits to establish a JORC resource estimate.
Results from drilling are expected shortly.
The kaolin market is estimated to worth about US$5billion per annum.
It’s estimated that the compound annual growth rate over the next four years will be between 3.5% to 4.1% dependent on whose analysis you take.
I remember that a low of CAGR of 3.5% was unacceptable when I worked in sales.
It is hoped that the deposits that CR9 are drilling are of the finest impurity, indications are promising so despite the low CAGR the purity of the deposit is what will make this company.
A nice little jump in price today 4.5cents to close at 5.1 cents up 13.3%