CXY - Cougar Energy

[LittleMak]

What do you mean, curtains as they convert into their zillions? can you please explain. Do you mean the share price will fall substancially?

 

[redback]

well, there is 190 million 5c options expiring in the next few months, (lovely for some) Dec 08 I think, expect a big push by very interested interests to make sure they are converted to cash

 

[james99]

Redback: I appreciate the issue, but on a comparative basis with Mee even with both companies' options fully exercised CXY can sustain a very substantial SP increase.

There will of course be profit takers, but the real issue is when there is an updated website / funding or JV etc. I remain optimistic (and a buyer and holder).

 

[Dukey]

well, there is 190 million 5c options expiring in the next few months, (lovely for some) Dec 08 I think, expect a big push by very interested interests to make sure they are converted to cash

... and these 190M options... will they not provide $9.6M dollars of funding for CXY when converted at 5c??????

redback mate - it seems to me having seen a few of your posts on this and other threads that you are ASF's equivalent of a 'radio shock jock'. .... You just say S#it to get a reaction...
... bet you've heard that few times
...this stuff belongs elsewhere IMHO. try hotcopper.

-dukey

 

[mick2006]

another large chunk of options exercised, the third lot this week, not sure what to make of it, doesn't look like they are exercising the options and selling them as the shareprice is continuing to move higher.

VWAP sitting at 18.7c this morning.

 

[redback]

As a shareholder I am only commenting on what I see occuring, nothing more, I too think this stocks time has come, here's hoping anyway. I think we can expect a series of announcements shortly

 

[mick2006]

well CXY has just hit 21c, it has been a case of relentless buying since wednesday afternoon.

very positive signs with volume increasing as we head towards the weekend.

 

[mick2006]

massive buying again today in CXY, no one can doubt that the coal seam gas sector is hot at the moment, looks like investors are starting to pile into some of the smaller plays like CXY and GLX which also saw significant gains today.

 

[Wilson!]

I bought today mick, very happy with this little co and think it will continue upwards
Big buys today, very little ones, most were between $10k and $35K with many larger ones too - a good sign

 

[Djayness]

Yeah I was looking at GLX today, not to sure about the company as of yet (not that its bad, I just havent had the chance to look into it.).

CXY another positive gain, alot of people are waiting for some new announcements but the share price is going up purely on potential.

 

[motorway]

A huge accumulation base building for much higher prices..
or a traders utopia ( is that the same as an investors nightmare )...


answer next week maybe

motorway

 

[mick2006]

looks like there was an article in the weekend Australian Financial Review today talking about the coal to liquid sector and how investors and starting to sit up and take notice with companies like GLX,LNC,MEE getting mentions.

certainly positive for a small company like GLX, where any increase in exposure is desired.

 

[alanding]

Trade halt on this moring.
does anyone here knows the reason?
hopefully, millions $$$ from government.

 

[unit]

Request for Trading Halt
Melbourne, 26th May 2008: Cougar Energy Limited (ASX Code CXY) requests a trading halt in its
securities effective immediately pending an announcement from the company regarding an equity
raising.
The Company requests the trading halt until the announcement is released, subject to the limit
imposed by the Chapter 17 of the ASX listing rules.
The Company is not aware of any reason why the trading halt should not be granted.
If you have any queries in relation to this matter, please contact Dr Len Walker, Managing Director,
Cougar Energy on mobile no. 0419 587 396

 

[mick2006]

we all were expecting the placement to help funding for the Kingaroy UCG project, will be interesting to see what the company comes up with, hopefully they will attract some larger institutional holders/company's.

 

[Djayness]

wow thats awesome, he even gave his mobile number lol

In any case, trading halts are somewhat annoying. Financing announcements arent too bad, I'm hoping that it will be oversubscribed.

 

[WindriderAU]

I was under the impression that they could halt trading for 48 hours then have to apply for an extension. No extension has been mentioned yet, so I thought that it should open for trading today. Anyone know anything else yet?

 

[desolator]

like-wise. no announcment stating otherwise yet? feeling a bit nervous as to what will happen when trading begins

 

[alanding]

suspension due to "proposed equity raising by Thursday 29th May 2008"
still need to wait. be pantient

 

[WindriderAU]

CXY has requested a suspension of trading whilst waiting for a decision on equity raising. New announcement on ASX today.