CXY - Cougar Energy

[james99]

I think we are missing the point just a bit. At present, the company is
1. well funded;
2. headed by a person with good industry specific knowledge;
3. well resourced (ie coal);
4. in a sector of high interest;
5. likely to benefit from that interest and high oil prices;
6. substantally cheaper, from a cap basis, than Mee and Lnc;
7. in the position of having good MOU (eg Pakistan);
8. pursuing an ambitious plant (40MW).
It seems, in my view, highly likely that it will increase, and very significantly, even if there is the usual profit taking on the way, including by sophisticated investors seeking short term gain.

I disclose holdings.

 

[LittleMak]

I think we are missing the point just a bit. At present, the company is
1. well funded;
2. headed by a person with good industry specific knowledge;
3. well resourced (ie coal);
4. in a sector of high interest;
5. likely to benefit from that interest and high oil prices;
6. substantally cheaper, from a cap basis, than Mee and Lnc;
7. in the position of having good MOU (eg Pakistan);
8. pursuing an ambitious plant (40MW).
It seems, in my view, highly likely that it will increase, and very significantly, even if there is the usual profit taking on the way, including by sophisticated investors seeking short term gain.

I disclose holdings.

Hi James,

Q3. well resourced (ie coal). Do you know what indicated resources they have a Kingaroy? how long will this power plant run for?

Q8. Can you describe (basically) what 40MW means?

cheers

LittleMak

 

[james99]

Mak:

1. Kingaroy has not yet been the subject of a JORC compliant rating (that is, I think, being persued at present), so I am reluctant to place a figure online until it is done. I am referring to total resources (incluing overseas) and for the purposes of its current goal, rather than a set figure. However, Kingaroy has had some drilling, good coal seams of good width have been located and it has been confirmed as suitable for UCG. It is, therefore, suitable for the pilot.

2. MW is a unit of electicity. Perhaps as an indication, most US nuclear plants produce 400 - 1200 MW; large scale solar plants produce about 5 MW. The actual goal of Kingaroy is a 400 MW plant, so that is a large power plant. I am in NZ but, to give an Au example, Origin Energy's proposed Queensland plant is 630mw (Darling Downs, and should power 400,000 homes). In other words, it would make CXY a significant energy producer.

3. You will infer that those UCG producers that do best will have fields placed next to energy consumers or (if there is to be gas or liquid sold rather than used for generation) next to good transport.

Hope this helps.

 

[LittleMak]

Ahh Haa, cheers James.

So a 400MW power plant seems pretty impressive. This Power station along with other JV's and coal deposits could see power stations popping up everywhere. Including OS. nice!

 

[njc.corp]

It's pretty disappointing to see Walker has yet again gone back to his mates for funding, the amount raised certainly did not warrant a three day suspension and will only prove a stop gap measure, just be careful with these people, they were the ones responsible last time for all the manipulative propping and dumping, I thought I saw their modus operandi on show late today

if this is not the right place to ask-in advance i am sorry-

redback could u go into detail about walker and his mates-what have they done now and in the past-

give me some soild facts and if u could go into detail-

Thanks in advance-

Nick--

 

[redback]

if this is not the right place to ask-in advance i am sorry-

redback could u go into detail about walker and his mates-what have they done now and in the past-

give me some soild facts and if u could go into detail-

Thanks in advance-

Nick--

These mystery men (try looking up Melbourne Capital) are Walkers only avenue for finance, they were responsible for the last dump just over their last costs, couple this with the insidious continual excercising of 5C 08 options, as the great man himself said--various institutions have now come onboard, this is absolute nonsense, ask him who exactly--there is no institution involved, only scalpers as usual, beware

 

[jaster]

Texas UCG Conference 16 & 17th July 2008

Len Walker Managing Director of Cougar Energy Ltd will be presenting on :- Progress In Underground Coal Gasification In Australia

Over the past year significant progress on UCG projects has been made in Australia with three companies listed on the Australian Stock Exchange actively pursuing project development at different sites in Queensland.

Cougar Energy has completed resource definition at its Kingaroy site and is undertaking final site characterization prior to commencing the pilot burn for a 400MW combined cycle power project. The presentation describes progress on this and other projects being undertaken by the company and the range of geological conditions confronting application of UCG technology.

Further information can be found on the following web site which has a wealth of information and is well worth a look.

www.syngasrefiner.com

 

[Shadex]

Hmmm thats rather interesting, this could do good things to the share price in the near future. Good find jaster

 

[redback]

Quite an interesting synopsis of the various companys involved, market caps-tonnages-etc given on HC, also some very optimistic attempts at tonnage re M3 density of coal, some going as high as 1.4tonnes per m3, more likely closer to 850kg per tonne which makes these guys estimates wildly optimistic, CXY looks to have about 60m tonnes total, wonder what the final recovery is?, probably about 40% of total resources

 

[james99]

Redback: If you are to comment re resources and comparatives, can you please provide details of the:

1. compararison companies;
2. their and CXY's resources;
3. whether they are proven, inferred, probable etc;
4. the type, eg coal, coking coal, suitable for UGC;

etc

 

[Dukey]

That my friend is no trash, these people were involved in the last cap raising and were found responsible for the stock dumping at that time, one of the main guys dumped over 6 million just above the issue price, I have been on and off the CXY register quite a few times, so I witnessed it all at the time, and unlike some I didn't come down in the last shower

These mystery men (try looking up Melbourne Capital) are Walkers only avenue for finance, they were responsible for the last dump just over their last costs, couple this with the insidious continual excercising of 5C 08 options, as the great man himself said--various institutions have now come onboard, this is absolute nonsense, ask him who exactly--there is no institution involved, only scalpers as usual, beware

OK - Redback... since you 'didn't come down in the last shower' and you've been on the CXY register a few times and you obviously know everything there is to know about them ... how about you fill us in on all the gory details of the serious manipulations you allege.

Names of people involved and dates please.

While you are at it can you answer a few questions like:
1. please disclose your current interest in CXY. (shares; options; cfd's)
2. If you believe your allegations are true - then why the hell would you trust them with your money??
3. Or ... are you trash-posting and downramping for your own profit??

-------------
As I have stated before - I hold CXYO

 

[redback]

I was merely commenting on a comparison spreadsheet someone posted on HC on the w/end, just google coal density m3, even the hardiest of supporters is voicing some concerns re-the supposed institutions on board, which of course there isn't--only opportunists--from hc--
"One explanation is the poor quality of the Melbourne Capitals Investors who took the 14 cent placement. Probably selling previously held stock to pay for 14 cent stock.

Suppose that will be temporary but makes for CXY looking sick when it clearly isn't.

Anyone else think Melbourne CApital to blame? Having AF as MD and also second? largest shareholder in CXY must be a conflict of interest at minimum. Does it meet Code Standards?"

 

[james99]

I was merely commenting on a comparison spreadsheet someone posted on HC on the w/end, just google coal density m3, even the hardiest of supporters is voicing some concerns re-the supposed institutions on board, which of course there isn't--only opportunists--from hc--
"One explanation is the poor quality of the Melbourne Capitals Investors who took the 14 cent placement. Probably selling previously held stock to pay for 14 cent stock.

Suppose that will be temporary but makes for CXY looking sick when it clearly isn't.

Anyone else think Melbourne CApital to blame? Having AF as MD and also second? largest shareholder in CXY must be a conflict of interest at minimum. Does it meet Code Standards?"

Redback: Despite the criticism of .14c, that was IMO surprisingly high, given that only a week prior (when discussions would have been finalised) the price was lower and, of course, the 4 week low is 7.9. I think, therefore, it was a good price and I have no doubt there will be profit takes, both old and new investors. That said, CXY is still good value (for reasons I have already posted) compared to several others, and all we are seeing IMO is a temporary cap rather than any shift away from rerating.

Seminars in UK and USA, progress on the ground and a growth sector. All good. (and I am far from sure of your HC info re reserves, the JORC announcment is expected this quarter but it is difficult see why there would be proposed 400mw site if there was insufficient coal. It would be madness and Cougar is not made. Even if there is an element of "helping freinds" the best way to do that (and Len himself given his very substantal stake) is to rerate this into a 160 - 400 mil cap equivalent.)

 

[Dukey]

I was merely commenting on a comparison spreadsheet someone posted on HC on the w/end, just google coal density m3, even the hardiest of supporters is voicing some concerns re-the supposed institutions on board, which of course there isn't--only opportunists--from hc--
"One explanation is the poor quality of the Melbourne Capitals Investors who took the 14 cent placement. Probably selling previously held stock to pay for 14 cent stock.

Suppose that will be temporary but makes for CXY looking sick when it clearly isn't.

Anyone else think Melbourne CApital to blame? Having AF as MD and also second? largest shareholder in CXY must be a conflict of interest at minimum. Does it meet Code Standards?"

So basically you're just spitting out second hand garbage from HC....

Who is AF??? Can't find an 'AF' anywhere. substantiate your claims... or DON'T make them!!!!!!!!!!!!

Len Walker is the MD last I knew.

 

[prawn_86]

Redback,

If you do not begin backing up your post with YOUR OWN RESEARCH they will be removed and infractions issued.

Do not quote or refer to other forums as a source of information.

thanks

Prawn

 

[redback]

Redback,

If you do not begin backing up your post with YOUR OWN RESEARCH they will be removed and infractions issued.

Do not quote or refer to other forums as a source of information.

thanks

Prawn

Yes, feel free to do so, they were merely observations of others views, I will not post on this subject again as it seems any other views other than wildly optimistic are not tolerated on this thread.
Regards.

 

[prawn_86]

Any views and opinions are allowed Redback. However they must be backed up with facts and research, not just something that someone else has said on a different forum.

It is obvious by your lack of intent to post again that you are not willing to do a bit of research, and hence were downramping the stock, with no substantial evidence

 

[redback]

Any views and opinions are allowed Redback. However they must be backed up with facts and research, not just something that someone else has said on a different forum.

It is obvious by your lack of intent to post again that you are not willing to do a bit of research, and hence were downramping the stock, with no substantial evidence

I originally held this stock since the 4c days and have witnessed the behaviour of these financiers before, and have a fair understanding of the history of this stock, downramping dosen't come into it, there is no point, however this will be my last comment , which should please many here

 

[blehgg]

I originally held this stock since the 4c days and have witnessed the behaviour of these financiers before, and have a fair understanding of the history of this stock, downramping dosen't come into it, there is no point, however this will be my last comment , which should please many here

Wow, you're making it sound like everyones attacking you....

All they requested for was a little backing/evidance from your comments.

Noone is saying they don't accept other views pro or against... they just want some research....

Could you use full references instead of HC/AF or at least links to the sources?

(I'm kinda new here - What's HC??)

 

[james99]

HC = Hot copper. The difficulty with citing another share chat site is that the informaton is at least 2nd, if not third, hand.