CXY - Cougar Energy

james99 · 11 June 2008

Rsteven, I don't think they are. The options are less than the share price, and when the share price rises a certain percentage, the options rise a greater percentage from the original price. I think Duke(?) provided a great explaination earlier. Anyway, there are many options due for expiry this year. Holders may be converting them to shares, and taking a profit. And why not.

I do not agree with Redback's view. For example, today and to expand on part of an earlier post, the volume was over 12.6 million shares and 1.8 million options. That volume was therefore sold but, importantly, bought and further more there was a slight share price increase for each (5% for the shares, 3% for the options), in an otherwise generally dull market. Mee for example dropped 4.6 %, Mpo dropped 4.7%, Aoe only increased 1.1%. Difficult to see how that is interpreted as a "killing" of the share price.

Incidentially, you may be aware posters on these sites have differing motives. For example, money can be made when prices increase, but it is also possible to make money on a margin call that the share price will decrease. In short, you need to rely on your own judgment.

I disclose holdings.

rsteven · 11 June 2008

thanks

I think that I will hold these for a while and see what happens with their projects.

...and I will have a closer look at the posts about the options etc, thanks.

Dukey · 11 June 2008

james99 said:
Rsteven, I don't think they are. The options are less than the share price, and when the share price rises a certain percentage, the options rise a greater percentage from the original price. I think Duke(?) provided a great explaination earlier. Anyway, there are many options due for expiry this year. Holders may be converting them to shares, and taking a profit. And why not.

I do not agree with Redback's view. For example, today and to expand on part of an earlier post, the volume was over 12.6 million shares and 1.8 million options. That volume was therefore sold but, importantly, bought and further more there was a slight share price increase for each (5% for the shares, 3% for the options), in an otherwise generally dull market. Mee for example dropped 4.6 %, Mpo dropped 4.7%, Aoe only increased 1.1%. Difficult to see how that is interpreted as a "killing" of the share price.

Incidentially, you may be aware posters on these sites have differing motives. For example, money can be made when prices increase, but it is also possible to make money on a margin call that the share price will decrease. In short, you need to rely on your own judgment.

I disclose holdings.

I agree totally with you here james. It may even be a good thing if some options are converted early to spread any resulting profit taking over a period of time - instead of all coming at once?? ... maybe... - I'm no expert.
To me it seems that those trashing CXY re options are ASSUMING that whoever has been converting options recently are then selling them and holding the price back. I don't believe it for a minute.

How they could know this ... unless they are doing it themselves - beats me. Dunno about you - but I have no way of knowing who is selling or buying on most trades - unless they are announced as a significant percentage sometime later.????

... Why they keep harping on about it I don't know. ... sometimes people have hidden agendas.... or could just be pissed that GLX don't have the kind backing CXY has just found.

(-holding CXY amongst other coal seamers.)
----------------
EDIT: an additional question..... why would you convert the options only to sell them..... when you can just sell the options? I guess you might rake in an extra 1c or 2c per share profit if you get the timing right but ?????

redback · 12 June 2008

"... Why they keep harping on about it I don't know. ... sometimes people have hidden agendas.... or could just be pissed that GLX don't have the kind backing CXY has just found."

Hmmmm, looks to me that the option convertees, and the so called "sophisticated investors" are dumping **** loads, maybe GLX might have a better sp shortly (pardon the pun).
So what have we got here?
CXY--60m tonnes--600m on issue + 160m 5c options
GLX-- at least 1.4 b tonnes--155m on issue.
So even if lignite has half the value of black coal, this is still equals a very large magnitude of resources.
The so called backing you speak of is conditional, and I would imagine that one of these conditions require all cheap 5c options be converted first before any serious money is forwarded, as I said before--this is killing this stock, nevermind their friends who got the 14c stuff.

Conclusion--the usual suspects are at it once again--this is a rort

farout · 13 June 2008

It's done what I expected it to redback. It's a follow the pack mentality on this forum. The person that goes 'far-out' and thinks a little wins They will never admit that they were wrong. Sure, there will be a kick when LNC produces but far better options than this stock.

I'm off to find a new forum to instil some wisdom.

Pity, because I've been correct in all my assumptions.

Good luck to those holding UCG. MEE will fly from here

blehgg · 13 June 2008

farout said:
It's done what I expected it to redback. It's a follow the pack mentality on this forum. The person that goes 'far-out' and thinks a little wins They will never admit that they were wrong. Sure, there will be a kick when LNC produces but far better options than this stock.

I'm off to find a new forum to instil some wisdom.

Pity, because I've been correct in all my assumptions.

Good luck to those holding UCG. MEE will fly from here

awww.. thought redbacks posts would be deleted wayyyy before yours would... shouldn't leave its more fun here, [easier to navigate at least]

I picked up some MEE at 66c yesterday ~ still holding ~

Thought CXY would make a good underdog going into the Tipping comp... oh wellz.. looks like better luck next month ~

I sold out most of my CXY at 21.5c ~ not too bad as a trading stock. (bought a bundle at 16.5)

Mixed settiment here ~ bit warey myeh ~ good luck all CXY holders ~

I disclose minimal holdings.

Dukey · 13 June 2008

blehgg said:
awww.. thought redbacks posts would be deleted wayyyy before yours would... shouldn't leave its more fun here, [easier to navigate at least]

I picked up some MEE at 66c yesterday ~ still holding ~

Thought CXY would make a good underdog going into the Tipping comp... oh wellz.. looks like better luck next month ~

I sold out most of my CXY at 21.5c ~ not too bad as a trading stock. (bought a bundle at 16.5)

Mixed settiment here ~ bit warey myeh ~ good luck all CXY holders ~

I disclose minimal holdings.

OMG blehggggg!!!!! you sold some shares??.... watch out or someone will call you a 'wombat'!!!! ... or worse (ROFL)
- Well done - nice 4c profit there. keep watching cause it might get better yet... big future for all the UCG'ers (IMO) - each has advantages & disadvantages. CXY has the man behind Lincs original chinchilla trial, and access to very successful & proven technology. But YES - there are a large number of shares and options on issue.

On that - I'd be more than interested to read anybodies opinions & ideas on the REAL effect/implications of the large no. of shares on issue. - apart from various unfounded trashing and allegations not backed up by details.

james99 · 13 June 2008

Dukey : I think that if UGC is demonstrated to be successful, by any Australian co., in the short term, the number of shares / options will not be especially important. The masses will buy if the sector and stock becomes hot, often regardless of cap and no shares. That happened with gold a short while back and uranium last year ... and still has to happen properly for UGC.

And as for certain derogatory comments of another, she or he has not properly acknowledged that all UGC are down on general market sentiment and GLX in fact closed down 12.5% at 14.5, from 4 week high of 19.

We are all investing in small and therefore volatile stocks, but I very much doubt the last week's trading with poor international sentiment, even it if continues for a while, spells doom for these stocks.

I disclose long term holdings.

Dukey · 13 June 2008

james99 said:
Dukey : I think that if UGC is demonstrated to be successful, by any Australian co., in the short term, the number of shares / options will not be especially important. The masses will buy if the sector and stock becomes hot, often regardless of cap and no shares. That happened with gold a short while back and uranium last year ... and still has to happen properly for UGC.

And as for certain derogatory comments of another, she or he has not properly acknowledged that all UGC are down on general market sentiment and GLX in fact closed down 12.5% at 14.5, from 4 week high of 19.

We are all investing in small and therefore volatile stocks, but I very much doubt the last week's trading with poor international sentiment, even it if continues for a while, spells doom for these stocks.

I disclose long term holdings.

Thanks James - I see it pretty much the same way.

Out of interest in the 'nasty nasty options' hypothesis of redback and apparently farout as well - I've had a closer look at the recent conversions:

- since May 20 2008 around 40Mill SXPO 5c options have been converted in lots from 2.4M up to 8.5 Mil in size. That is quite a number! The announcements don't reveal the identities.

- @ 5c each this would have netted about $2mill for the company coffers, which can go towards operating costs.

- in the same period - ie. since May 20 - the total volume of CXY ord shares traded was around 216Mill.

- so even if we assume that EVERY single converted option was then sold on (as if !!) ... that would only amount to around 18.5% of CXY traded. 40m/216m X 100 = 18.5%

- & as I've said before - I find it extremely unlikely that even a half or even 1/4 of those converted options have been on sold.
But even if they have.... would it be proof of some kind of conspiracy?? I don't think so.
... but If anybody cares to provide evidence to show that it has happened, then by all means - be my guest!!!...
-I'll wait patiently...

-g'luck all ucg/csg holders - Dukey.

cordelia · 14 June 2008

Wilson! said:
windrider, I bought options at 15.5c - correct
you pay only 5c conversion fee, in Dec 08 from memory and they become heads
just need to send a cheque in before expiry date

usually offer great leverage over heads

THis may sem like a stupid question but if I buy options through my online broker how do I exercise them? Do you calculate the amount to pay ie: exercise price x number of shares and then send a cheque to who..the broker or the company

kenny · 14 June 2008

Cordelia,

It shouldn't matter how you buy the shares on market. The registry will send you forms to get your TFN and other details and one of the forms will usually be an exercise form to send in when you wish to give them the money.

Cheers,

Kenny

PS. only stupid question is the one left unasked.

james99 · 14 June 2008

Dukey, I might add that I am led to believe that the small cap UGC's have reached the stage where some brokers may be beginning to take an interest in them, and even initiation of coverage could give a boost to CXY.

cordelia · 15 June 2008

kenny said:
Cordelia,

It shouldn't matter how you buy the shares on market. The registry will send you forms to get your TFN and other details and one of the forms will usually be an exercise form to send in when you wish to give them the money.

Cheers,

Kenny

PS. only stupid question is the one left unasked.

hey thx for that...BTW CXY got a mention in this weekend's fin review in the smart money section...that's very encouraging..the whole coal sector is looking very positive....

james99 · 15 June 2008

Yes and UCG stock got a great write up in the weekend afr, then there is Len's presentation in Houston next month. All exciting.

blehgg · 17 June 2008

quick question....

can a buy order go through but not affect the viewable market depth?

Had a look through the orders of CXY through my comsec

Time - 01:01:54 PM
Price - 0.190
units - 500,000
cost - 95,000.00

which happened minutes ago...

but there are only 350,000 units on sale at 19c... in the depth.. ??

braveheart · 17 June 2008

it is only good news for stock holders of cxy..just wait till uncle Len
announces the latest news on the Kingaroy project [US July ?]
not to mention the June 3 announcement by the Victorian government ....
to support the $2 billion dollar coal to liquids project by AEC..then there is
the oil majors Shell and Anglo American holding large tracts of the same
brown coal that CXY and VCR are working with, to replicate Linc's Chinchillia's
success ...which is Uncle Len's success anyway.
Watch carefully the stealth of the oil Majors from now on...they have been
buying back vast amounts of there own shares since 2000...they know their reign is coming to an end...guess where a percentage of their Billions will be
going...Uncle Len is way ahead of the Hive
Braveheart

birdmanz · 17 June 2008

Hi all...Dr Len was on boardroom radio yesterday, following as the link to the interview:

http://www.brr.com.au/event/46995

Cheers
G

Dukey · 18 June 2008

birdmanz said:
Hi all...Dr Len was on boardroom radio yesterday, following as the link to the interview:

http://www.brr.com.au/event/46995

Cheers
G

& a nice chat with uncle Len it is too - simply outlining the funding deal and future plans - well worth a listen.
- Emphasizes they are NOT doing a demonstration to prove the tech. as it's already been proven in Chinchilla - (and presumably overseas).
- They are comfy with Direct Invest as a stable long term $$ partner - and reveals that DI approached Cougar - not the reverse.
- next 6 mnths - design and place orders for pilot burn facilities etc.; --> expect pilot burn late 08.
+ starting next month - more drilling for JORC resource upgrade.

all good for me - despite the CSG/UCG sectors taking a breather at the mo.

-(holding) - dukey

cordelia · 19 June 2008

Redback...every post you make attests to your limited knowledge, if at all any, as to what the stock market is.....Do your self a favour and read some of the many good books that address the subject....

your posts are unsubstantiated drivel at best and there are many new traders on this site who may read them and god forbid act upon them.....

Unless you can prove something and quote a reliable source don't post it....

desolator · 19 June 2008

Appendix 3b

Unlisted Options – convert to 10,000,000
ordinary shares at conversion price of 25
cents per share subject to vesting
conditions being attained, any time up to
and including 30 June 2011.

nice.

CXY - Cougar Energy

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