LOD - Lodestone Energy

[YOUNG_TRADER]

Re: LOD - Lodestone Exploration

Come on LOD those opies expire soon and there's no way I'm exercising them at these levels, or before I see the experts report

Where's that experts report, maybe they're waiting for calmer mkts but they don't have that luxury given the opies die in under 2 weeks and they could use the cash

 

[alankew]

Re: LOD - Lodestone Exploration

I spoke to the company a couple of days ago(Leni Stanley I think it was) and was told that the experts report would have to go befor ASIC and would take a minimum of 2 weeks and was unlikely to be ready for release before options expiry.Looking at the options today if you had the money(we all know you do YT) if you wanted to buy no matter what I presume you would save yourself a reasonable amount of $ as the options are not tradeable after Monday 14th and have to be exercise by 21st.Surely a bid for 2M options at .001c would have plenty of takers and then exercise at 5C+.001,total cost $100K but to buy that amount of heads would either take forever,cost a fortune in brokerage or you could buy at market and pay way more,just a thought for you big spenders!

 

[YOUNG_TRADER]

Re: LOD - Lodestone Exploration

Hey Alan,

I already have 2M options, which I paid alot more than 0.001 for

I also have a good parcel of shares,

LOD is just so cheap when compare to other Qld Coal companies, but its the experts report that will revela just how cheap,

Go to ASIC????? Why the heck does an experts report have to go to ASIC? I was never told this and I am now very confused


If I get a chance this weekend I am going to compile a list of Qld based Coal companies with their mkt caps, cash and assets to compare against LOD, just to re-assure myself and others just how cheap this puppy is on a PEER comparison

 

[ColB]

Re: LOD - Lodestone Exploration

If I get a chance this weekend I am going to compile a list of Qld based Coal companies with their mkt caps, cash and assets to compare against LOD, just to re-assure myself and others just how cheap this puppy is on a PEER comparison

YT, anyone that has been following this thread will know that you've already indicated how cheap this stock is based on your analyses which I am sure 99% of us respect greatly. However, you should have the weekend off or perhaps find another LOD that I will sell part of at a profit after purchase and then wait for the SP to move up on good news. Sitting on a big paper loss at the moment but no one to blame but myself. We all take our chances at times and I suppose that is what stop losses (stop what?) are for.

I didn't know an experts report had to go before ASIC. So long as the expert is qualified to furnish the report I thought that would suffice. Maybe the LOD spokesperson was humouring our fellow ASF'r.

Good luck to all

 

[mobcat]

Re: LOD - Lodestone Exploration

My thinking ATM with LOD ..... But i do like the company's position in the market ATM low Mcap on peers and all it needs is this coal news to re test recent highs again ,i hold a fair bag of the oppies and i think i will ex them next week to support the team ATM and give the company some much needed fold to progress forward and as it will substantially increase my exposure to LOD with out making to many waves in the SP

Interesting few weeks ahead for LOD you would think head office will do it,s absolute best next week to get the SP back above 7cents to get the oppies home easily, it means around $1.6 million in funds the oopies being exercised and they are sooooooo close ATM they just need that push from the Expert coal report ,and like YT said they could do with the $$$ ATM to go forward so come on head office extract the digit and get some easy fold in i will help with the $$$ if you lot at head office show me some JOY in the report LOL

Any way i am off to NZ for a few days to check out some sheep LOL might even throw in a ski bunny
Hope i return home to a big pile of LOD $$$$ Good luck next week everyone could be a ball biter for us all :dance:

 

[YOUNG_TRADER]

Re: LOD - Lodestone Exploration

I know the markets are weak, well dirty, well toxic really,

But a mkt cap of $7m - $8m and a $2m or so in cash just doesn't make sense, it really doesn't

If this had a mkt cap of $30m or $25m I would say yeah its not expensive, but we need to se how big the deposit is, but an EV of $5m - $6m (ie mkt cap less cash) is ridiculous

 

[alankew]

Re: LOD - Lodestone Exploration

" didn't know an experts report had to go before ASIC. So long as the expert is qualified to furnish the report I thought that would suffice. Maybe the LOD spokesperson was humouring our fellow ASF'r.

Good luck to all[/QUOTE]"
Did anyone else call the company to confirm what was said on the phone.Either way looks like it is too late for the option holders.Recently started buying options in companies and I find it amazing that in these tight capital raising times companies leave it till the last minute to raise money the easy way,dont know how much money they are LOD are going to lose out on but CTS recently did the same.Strange

 

[YOUNG_TRADER]

Re: LOD - Lodestone Exploration

Yeah I rang to query it,

Spoke to a Leni Stanley from memory, she was the receptionist/company secretary

She couldn't really explain why it had to go before ASIC, but said that she does the announcements and it had to go before ASIC for 2 weeks so they can "look over it"

Its a real kick in the guts as I bought 2M options specifically for the ann, oh well the company is dirt cheap so at some point I can buy more shares to bring my avg price/cost down

Also can't really blame the company for these mkts

 

[YOUNG_TRADER]

Re: LOD - Lodestone Exploration

Well surely the experts report has been before ASIC for at least 2 weeks now?????????????

C'mon get the damn thing out, I want to see how big this deposit is,

I let my options lapse, figured if I wanted more I could buy 5c, just curious if anyone converted theirs?

 

[shaunm]

Re: LOD - Lodestone Exploration

No options for me, just heads bought at 7c...yeowch!
Copping a hiding at the mo.
I am at least glad I went that way and not the options.
Hope you didn't do too much dough YT.

 

[shaunm]

Re: LOD - Lodestone Exploration

LOD down nearly 20% today already!?
Anyone have an opinion as to why? Seems like the only way is down for this one lately.

 

[TheAbyss]

Re: LOD - Lodestone Exploration

if you do a share purchase plan at 3 cents then expect your share price to reflect same. Bit of a way to go yet for LOD i suspect.

I understand the theory is that holders get to buy at a discount however invariably the sp goes to the level of the issue IMO. I wouldnt be placing a buy for anything higher than 3 cents for LOD.

 

[YOUNG_TRADER]

Re: LOD - Lodestone Exploration

Hmmm a valid point Abyss,

I think also this delay in the experts report is not impressing anyone

Also notice that the bottom 2 sells ie 4.2c and 4.3c = 166,667, which at 3c = $5k, so maybe these are some of the 3c SPP shares coming out?

LOD is just so cheap though, however so is the whole mkt atm given the savage sell off we've seen

 

[TheAbyss]

Re: LOD - Lodestone Exploration

To be fair LOD is trying hard to bounce back at the moment. Would be a great piece of timing if that announcement hit the streets soon.

A little bit of volume creeping into the buy side this afternoon.

 

[LRG]

Re: LOD - Lodestone Exploration

it is cheap, i got set on this one yesterday. we had a slight rise today so that cant be bad.

posts look promising - i hope to hold for a short period and sell on good news if it arrives in the next few weeks.

 

[whitecat]

Re: LOD - Lodestone Exploration

A $17K buy has gone through at 4 cents- is that significant?? And just now rounded up to $20,000... Hopeful of news soon.

Whitecat -learner

 

[mobcat]

Re: LOD - Lodestone Exploration

More like a 20k sell Whitie

But at least you know they went to a good home iam happy buying around 4 ATM awaiting coal news ........Oh and whitie it,s allways good to talk to a fellow Cat

 

[LRG]

Re: LOD - Lodestone Exploration

come on LOD and others.

it is time to go forth and multiply with all your future potential!

go up or go down, just do something?

 

[swill]

Re: LOD - Lodestone Exploration

Does anyone have any ideas as to why this experts report
is taking so long. YT you seem to know your stuff what do
you reckon.

 

[dubiousinfo]

Re: LOD - Lodestone Exploration

The report was submitted to ASIC for review. Given the delay, I would say that ASIC have probably requested clarifications or changes prior to the release.