EVE - Eve Health Group

Sean K · 2 November 2006

Re: EVE - Energy Ventures

Casual_Investor said:
firstly conrgrats to all those who hold eve and have been part of this run.

Nizar, I understand that this company has great potential so my comments regard the sp only over the next week or two. (without commenting in a biased manner coz you are holding) why is this price spike expected to be different to the numerous other price spikes this year, ALL of which ended up retracing back all the gains?

Just on the basis of probability of past events (which prolly isnt the best indicator hehe) I would say its almost certain that this will retrace back to 11 cents or less providing theres no significant announcement to make it hold its gains. Too much profit taking will occur once buying momentum eases. Keep in mind alot of people are also jumping on this (who do not intend of holding for more than a few days) just to make a quick buck or two. They will also start dumping once their grandfather clock tells them the run is over.

So yeh... why is THIS bull run going to be any different from all the other false starts this whole year?

CI, I can answer that very easily. The AIM listing. It's going to, (and maybe already has) receive lots of attention.

Along with comparative market caps with other U players with similar resources and potential in Africa. YTs posts clearly ID this.

YOUNG_TRADER · 2 November 2006

Re: EVE - Energy Ventures

Just saw ann released at 8pm

3 Substantial Shareholders, seem like ordinary guys, never heard of them, can't make heads or tails of what the hell is going on

YOUNG_TRADER · 2 November 2006

Re: EVE - Energy Ventures

This may mean nothing it may mean something but at the top of the 2nd page of the substantial shareholder notice it says

MRG/ Albion Ltd

How stange? so the substantial shareholders are connected with ALB in someway and ALB is EVE's JV partner, what the heck does MGR stand for? not MeRGer? ?

Thoughts?

Simmo · 2 November 2006

Re: EVE - Energy Ventures

Hi Young trader,

Those two are the Albidon Directors. Albidon actually share offices with EVE.

From my research. Glenlaren is actually these two Albidon directors investment vehicle, they invest in a few other companys also, Sally Malay is one.

Glenlaren where actually the ones that owned African Energy Resources Ltd and sold all interests to ADK now EVE. Going on memory here but will dig something up later.

I don't think these 2 have been accumulating over the last couple of days. The performance shares were issued as part of the sale of AERL to EVE.
See the announcement 30 October. This is the reason for the change not accumulation.

No doubt a large holder has been accumulating over the last couple of days though.

Simmo · 2 November 2006

Re: EVE - Energy Ventures

This explains the original deal with the sale of AERL to EVE

Sale of AERL to ADK (EVE)

Also Craig Ian Burton is a substantial holder and also director at Albidon.
Also his investment company Sampala Investments is also a substantial holder.
If you look at the top 20 Craig Burton has quite a bit Eve, at least 4 of the top 20 are associated with him anyway.

MRG is Mitchell River Group

YOUNG_TRADER · 2 November 2006

Re: EVE - Energy Ventures

Yep got to the bottom of it all now, all info from Annual Report

The original vendors of AER were given 25m+ shares, per page 41 under no 20. (a)

If you flick to page 55, 20 Largest Holders (question, I hold EVE over 3 differnet accounts, 2 are company accounts which I'm sole director sole shareholder, 1 is personal in my name, shouldn't all of my holdings be grouped under my personal name? I would have like to have seen my name there at number 19 damnit!) back on topic you'll see the vendors in spots 1-3 with there original 25m, so they have not sold even 1 share since they got them way back last year,

And yep Craig has got about 5% as well,

This issue is the performance shares being converted over, all up the top 3 holders now hold 70m shares with craig adding another say 10m, thats about 80m or 40% in the hands of these four guys,

On top of that ANZ has 2.57% holding and Westpac 1.8%

So EVE's fully diluted mkt cap is 200m shares now @ 15c = $30m

So if these guys haven't been buying, then the question begs who has?????

Simmo · 2 November 2006

Re: EVE - Energy Ventures

A bit of info on Mitchell River Group

Directors are Mr A Cooke, Dr D Windrim and Mr C Burton these guys have there hands in everything
appear to be mostly seed captalists and have been on the board of the below companies.

They have been heavily involved with

Albidon Limited
Sally Malay Mining Limited
Exco Resources NL
Mirabela Nickel Limited

and it seem Energy Ventures also.

Makes sense now. Michael Curnow was brought in from Exco Resources.
I think this is good news for the long term holders, EVE has serious intentions to become a producer and good connections to back it up.

Simmo · 2 November 2006

Re: EVE - Energy Ventures

The link about the Sale of AERL to EVE in 2005 didn't work and too slow to edit

Here it is again

Sale of AERL to ADK (EVE)

YOUNG_TRADER · 2 November 2006

Re: EVE - Energy Ventures

Simmo said:
I think this is good news for the long term holders, EVE has serious intentions to become a producer and good connections to back it up.

**** yeah Simmo!

These guys have a huge investment in EVE (close to 40%) which they will want to no doubt take care of,

On top of that they have previously introduced the likes of Lion Select, RAB Capital etc etc to the registry of ALB, I especially think Lion Select (AUS) will through its African Energy fund invest in EVE,

So now that they have the JROC's I reckon these connected fellows are talking to their Insto buddies who have backed them before and made a killing

Excellent news IMO,

This is their little baby,

I envy these guys, I wish I had enough capital to buy up 10m+ shares in a company and do what they do, ie assist and become part of a team that takes the project from Spec to production sighhhhhhhhhhhhh one day soon hopefully

nizar · 2 November 2006

Re: EVE - Energy Ventures

Casual_Investor said:
firstly conrgrats to all those who hold eve and have been part of this run.

Nizar, I understand that this company has great potential so my comments regard the sp only over the next week or two. (without commenting in a biased manner coz you are holding) why is this price spike expected to be different to the numerous other price spikes this year, ALL of which ended up retracing back all the gains?

Just on the basis of probability of past events (which prolly isnt the best indicator hehe) I would say its almost certain that this will retrace back to 11 cents or less providing theres no significant announcement to make it hold its gains. Too much profit taking will occur once buying momentum eases. Keep in mind alot of people are also jumping on this (who do not intend of holding for more than a few days) just to make a quick buck or two. They will also start dumping once their grandfather clock tells them the run is over.

So yeh... why is THIS bull run going to be any different from all the other false starts this whole year?

COZ of the AIM listing; its a very significant event for this company.
Read this thread, me and YT and several others have commented on the probably impact this will have on the share price (based on our experience with other companies in similar situations who have sought overseas backing) and it all seems to be coming into fruition now.

This is only the beginning for EVE.

nizar · 2 November 2006

Re: EVE - Energy Ventures

Simmo said:
Hi Young trader,

Those two are the Albidon Directors. Albidon actually share offices with EVE.

From my research. Glenlaren is actually these two Albidon directors investment vehicle, they invest in a few other companys also, Sally Malay is one.

Glenlaren where actually the ones that owned African Energy Resources Ltd and sold all interests to ADK now EVE. Going on memory here but will dig something up later.

I don't think these 2 have been accumulating over the last couple of days. The performance shares were issued as part of the sale of AERL to EVE.
See the announcement 30 October. This is the reason for the change not accumulation.

No doubt a large holder has been accumulating over the last couple of days though.

Good work Simmo, it's all coming together for EVE now. Good news for the long term holders.

YOUNG_TRADER · 2 November 2006

Re: EVE - Energy Ventures

To support what Nizar said, extract from AIM listing ann, so maybe funding is all taken care of and those Insto's who couldn't get what they wanted are on the horn to AUS equiv's saying get a chunk of parent

Details of AIM Listing
African Energy has appointed the Australian based company RFC Corporate Finance Ltd (RFC) as its Nominated Advisor (Nomad) for the Company’s proposed AIM listing and the London broking house, Numis Securities Limited, has been appointed as the Company’s London broker. RFC currently acts as Nomad to 14 companies listed on AIM, the majority of which are resource sector companies. Numis is one of the largest brokers on AIM, specialising in the resource sector and they act for a number of clients with African based projects. African Energy is currently expecting to have completed all the AIM fund raising and listing requirements by early November, with a view to be successfully listed on the exchange before the end of November. The Company will keep the market fully informed of any further significant developments with this proposal as they occur.

YOUNG_TRADER · 2 November 2006

Re: EVE - Energy Ventures

If you have a look at the Companies broker Numis you'll see that most of the deals they do are $50m Pounds + ie $150m AUD,

The smallest Numis has done in the last 6 months was $9m pounds = $25m - $27m AUD

So I wonder how much funds they are raising for AER? $25m would be very nice

nizar · 2 November 2006

Re: EVE - Energy Ventures

YOUNG_TRADER said:
If you have a look at the Companies broker Numis you'll see that most of the deals they do are $50m Pounds + ie $150m AUD,

The smallest Numis has done in the last 6 months was $9m pounds = $25m - $27m AUD

So I wonder how much funds they are raising for AER? $25m would be very nice

Yeh but for how many % of the asset?
If for example, they float 25% of AER for 5million pounds, thatll be a good effort!

Coz the other 75% is what EVE will hold, and EVE on that asset alone will be with 15million pounds which is almost 40million AUD.

If its 9million pounds than maybe closer to 40-49% of the asset will be offered(??)

And plus; i do expect it will float at a very healthy premium if u consider the appetite for uranium floats right now, and the brokers backing this float, and the management (Ian Duncan).

How do u guys think the float will play out?

Anyway, probably by early next week EVE will announce float structure and listing date.

Lots to look 4ward to.

Sean K · 3 November 2006

Re: EVE - Energy Ventures

I wonder if the speeding ticket and 'no new news' statement will put the breaks on today?

legs · 3 November 2006

Re: EVE - Energy Ventures

:rocketwho Lets hope so YT is on this for Tipping Comp!!

YOUNG_TRADER · 3 November 2006

Re: EVE - Energy Ventures

Sean,

What do you reckon of the theory I spoke to you about?

For others that don't know my theory is this, (it has 2 parts)

1. These ALB Directors who know between them hold 80m or shares = 40% of the company are extremely well connected, as with ALB they see the best path for EVE is an AIM listing, also many Insto's who backed these boys on ALB made a killing once it did AIM and now they are jumping on board the ALB boys new venture pre AIM for a repeat, for this to be true, we'd need to see some substantial shareholder notices from AUS Lion Selects Africa Fund, RAB Capital, Westpac and ANZ nominees etc etc

2. The intial AIM fund raising was due to be completed "EARLY NOVEMEBER" and I would have thought that would have been probably 15th November, HOWEVER CIGAR LAKE FLOODED late Oct sending the Uranium World into a frenzy, if the likes of Areva and Mega are hoping on POL's NTU float, just imagine how many would be jumping at a company lisiting with a JORC for say 1 0f 6 deposits in Africa near the likes of PDN and OMC? I reckon the float was swamped and was large to ie $25m+ and the shear oversubscription by Insto's and U majors etc has leaked causing peeps to say "hey we couldn't get enough of the float, grab the parent instead"

Thoughts?

Sean K · 3 November 2006

Re: EVE - Energy Ventures

YOUNG_TRADER said:
Sean,

What do you reckon of the theory I spoke to you about?

For others that don't know my theory is this, (it has 2 parts)

1. These ALB Directors who know between them hold 80m or shares = 40% of the company are extremely well connected, as with ALB they see the best path for EVE is an AIM listing, also many Insto's who backed these boys on ALB made a killing once it did AIM and now they are jumping on board the ALB boys new venture pre AIM for a repeat, for this to be true, we'd need to see some substantial shareholder notices from AUS Lion Selects Africa Fund, RAB Capital, Westpac and ANZ nominees etc etc

2. The intial AIM fund raising was due to be completed "EARLY NOVEMEBER" and I would have thought that would have been probably 15th November, HOWEVER CIGAR LAKE FLOODED late Oct sending the Uranium World into a frenzy, if the likes of Areva and Mega are hoping on POL's NTU float, just imagine how many would be jumping at a company lisiting with a JORC for say 1 0f 6 deposits in Africa near the likes of PDN and OMC? I reckon the float was swamped and was large to ie $25m+ and the shear oversubscription by Insto's and U majors etc has leaked causing peeps to say "hey we couldn't get enough of the float, grab the parent instead"

Thoughts?

Sorry YT, fell asleep unconscious last night and been at the gym this am.

I like your thinking on this one. Would like to see Lion pop up on the register.
I am hoping that it is solid investing in the company atm, while it's still relatively undervalued. OMC at $0.70 ish now, and EVE could turn out to be a much better pick. Perhaps the AER float has been well oversubscribed early which has forced players to pick up EVE to get on.....I like it.

nizar · 3 November 2006

Re: EVE - Energy Ventures

YOUNG_TRADER said:
Sean,

What do you reckon of the theory I spoke to you about?

For others that don't know my theory is this, (it has 2 parts)

1. These ALB Directors who know between them hold 80m or shares = 40% of the company are extremely well connected, as with ALB they see the best path for EVE is an AIM listing, also many Insto's who backed these boys on ALB made a killing once it did AIM and now they are jumping on board the ALB boys new venture pre AIM for a repeat, for this to be true, we'd need to see some substantial shareholder notices from AUS Lion Selects Africa Fund, RAB Capital, Westpac and ANZ nominees etc etc

2. The intial AIM fund raising was due to be completed "EARLY NOVEMEBER" and I would have thought that would have been probably 15th November, HOWEVER CIGAR LAKE FLOODED late Oct sending the Uranium World into a frenzy, if the likes of Areva and Mega are hoping on POL's NTU float, just imagine how many would be jumping at a company lisiting with a JORC for say 1 0f 6 deposits in Africa near the likes of PDN and OMC? I reckon the float was swamped and was large to ie $25m+ and the shear oversubscription by Insto's and U majors etc has leaked causing peeps to say "hey we couldn't get enough of the float, grab the parent instead"

Thoughts?

Agree and agree.
Im really looking 4ward to know the structure of the float, and how much dilution and the price and listing date, and perhaps most importantly, who bought the biggest stakes.
Those in the know have already picked up EVE because:
1/its probably a cheaper entry
2/its the only way. AER was already picked up by sum1 else.

Obviously, we have all done our research here, but still i feel very fortunate to have found this company at such an early stage.

As for this:

I wonder if the speeding ticket and 'no new news' statement will put the breaks on today?

I think not. EOD traders will eat this up after the white candle. In fact, ill be suprised if we dont gap up today. WHo is there that will sell? HEAPS of sellers have been soaked up if u look at the last few days volume. 13c was always gonna be hard to crack but we had the volume to do it. I suspect the buyers today will have to chase.

SevenFX · 3 November 2006

Re: EVE - Energy Ventures

Someone certainly doesn't want this to take a dive with very strong support at 14 & 14.5c

EVE - Eve Health Group

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