LOD - Lodestone Energy

[YOUNG_TRADER]

Re: LOD - Lodestone Exploration

I was told it will take 2 weeks, but that was 4 weeks ago so whoi knows when the bloody thing will come out

Knowing LOD's timing probably today being one of the worst days in the last few weeks

But I reckon dubious may be onto something re the delay

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.

Still so farking cheap

 

[shaunm]

Re: LOD - Lodestone Exploration

The report is attached to the end of the 60 page announcement.
From what I can make out it's a one in three potential success opportunity.
1 tenement has capacity for shallow bed coal, one could possibly involve issues with local people and payments having to be made, and one has too much bassalt or similar for any chance of low depth mining.

The company has to issue 9000000 shares to gain a 50% stake.

Happy to be corrected if I have read this incorrectly.

 

[shaunm]

Re: LOD - Lodestone Exploration

Still so farking cheap

Hey Young Trader,
based on the report, assuming you have read it, do you still think LOD is still "farking cheap"?

 

[YOUNG_TRADER]

Re: LOD - Lodestone Exploration

I was told it will take 2 weeks, but that was 4 weeks ago so whoi knows when the bloody thing will come out

Knowing LOD's timing probably today being one of the worst days in the last few weeks

lol now is that funny or what? well its actually sad/pathetic, I mean they make us wait weeks and weeks and wouldn't you know it they release it in such **** times

Hey Young Trader,
based on the report, assuming you have read it, do you still think LOD is still "farking cheap"?

The report is very long and I have only skimmed through it, LOD's current mkt cap is like $5m at current levels with around $2m-$3m cash so its EV is like $2m-$3m so yes I'd say it is farking cheap

Given the mkts though alot of things are farking cheap, you'll have to make up your own mind as to value

 

[LRG]

Re: LOD - Lodestone Exploration

Everything seems to be in the farking cheap category at the moment.

Problem is if they get farking cheaper I like others are going to be farking broke.

there is no real way to hedge against these pennies is there??

 

[YOUNG_TRADER]

Re: LOD - Lodestone Exploration

Everything seems to be in the farking cheap category at the moment.

Problem is if they get farking cheaper I like others are going to be farking broke.

there is no real way to hedge against these pennies is there??

Maybe not buying them? Thats the only way I can think of to hedge against the losses from pennies, not to buy them, but then you miss out on the gains

Its been a few days since I came on ASF LRG but I am sensing a bit of panic in you re all the specs CAG EGO AOM LOD, you have to understand how bad the mkts are at the moment, tak a look at the chart for some bank stocks

The pennies specs offer the most gain as they have tiny undemanding mkt caps and thus can get re-rated hard, however this is the flipside to that coin

Compare to the banks and blus chips I reckoned most pennies have held up well

 

[swill]

Re: LOD - Lodestone Exploration

Anyone got any thoughts on the Lance Grimstone appointment.
Surely he wouldnt come on board if there wasnt something on the
go. Noticed that Lods land right next door to lnc and cnx, would
be nice if there was some dealings going on with cnx that we dont
know about. Seems that Mr Grimstone has had dealings with the
CSIRO in the past which we know is the biggest holder in cnx.
The report tacked on to the end of a large document WTF and
just so happened to come out after the sp had dropped right
back to below 4 cents on a bad day for traders. You wouldnt
even know it was there PATHETIC. Looks like this one was
a LOD of ****.

shares, i must really dislike my money!!!!!!!!

 

[Georgeb]

Re: LOD - Lodestone Exploration

Are we expecting any news with this stock any time soon. It has been dissapointing...

I understand the entire market has been down but I would have though this would be at least above 5c.

 

[LRG]

Re: LOD - Lodestone Exploration

Sorry to put the mocka on you all, but any of these species I hold are down.

Until i quit the stock, they will stay down.

I could invest in the most successful stock on the ASX tmw and by the end of the week it would be a disaster.

Moral of the story: find out what I buy and short it to the MAX!!

this stock is stuffed.

with 1 exception (not a specie - wont divulge as I will put the mocka on it too).

 

[IMSancho]

Re: LOD - Lodestone Exploration

There's an article on business spectator regarding new options issued to the directors:

http://www.businessspectator.com.au...Exploration-issues-directors-2m-options-JC9R9

No announcement issued about this, isn't that the sort of thing that would usually come out in an announcement?

 

[LRG]

Re: LOD - Lodestone Exploration

LOD

another penny dreadful disaster story of the last 4 months.

just like CAG and NSL etc

if you bought this when it was a hot reco like I did you would have now lost 50+%.

Of course people will say "I'm holding for the long term"

what a disaster

 

[ColB]

Re: LOD - Lodestone Exploration

"...(“Lodestone Exploration” or “the Company”) is pleased to announce that it has executed Farm-In Agreements with Tambo Coal & Gas Pty Ltd (“Tambo Coal & Gas”) to farm in to a number of coal and coal seam gas project areas in southern central Queensland.

The project represents a unique opportunity to explore for both coal and coal seam gas. The areas subject to farm-in are under applications held by Tambo Coal & Gas, a company which is controlled by Mr Greg Baynton, a Director of Lodestone Exploration. These applications cover more than 160 kilometres of strike length in a largely unexplored region of the Surat Basin..."

Source: http://imagesignal.comsec.com.au/asxdata/20081210/pdf/00912377.pdf

Could this be the cheapest Coal Seam Gas play on the market?

Has risen from lows of 0.010-0.013 to 0.030 cents albeit on reasonably low volumes over last month or so.

They seem to have some experienced people at the helm.

 

[ColB]

Re: LOD - Lodestone Exploration

A Bit of accumulation appears to be happening with this one. SP has gone from 2.4c to 4.0c over last month. Up 21% today.

Hopefully an announcement around the corner regarding the Tambo Coal & Gas Project.

 

[ColB]

Re: LOD - Lodestone Exploration

No one out there interested in this one?

I usually have a chuckle when I look at a thread and you see the same person posting post after post virtually having a little conversation with themselves.

Just luvvv talking to myself about how this one went up 17% yesterday and another 2% today.

It is on low volume but when the announcement comes out about their CSG play in the Surat Basin it probaby won't hang around its current SP for long.

Surat Basin may soon take coal seam gas lead:

Posted Fri May 16, 2008 12:37pm AEST

Map: Surat 4417
Queensland Mines and Energy Minister Geoff Wilson says the Surat Basin could soon be the state's leading supplier of coal seam gas...."

http://www.abc.net.au/news/stories/2008/05/16/2246891.htm

 

[Datsun Disguise]

Re: LOD - Lodestone Exploration

Chuckle. chuckle.

chuckle.



Seriously, there's lots of 'value' around at the moment. The rally over the last week is putting a spring back in the step of investers - even I'm feeling a bit more optimistic! My biggest problem is trying to back the fastest horse as they all seem to be heading back in the right direction again... Well - at least not heading the wrong way.... Whether LOD is just attracting buyers based on % gains is yet to be seen - volume isn't much to speak of - maybe all the sellers have been flushed out. CNX has had a decent rally too, maybe the increase to the energy potential on their tenements are shedding a positive glow on LOD as well? In the absence of any other expected news from LOD?

 

[Duckman#72]

Re: LOD - Lodestone Exploration

No one out there interested in this one?

I usually have a chuckle when I look at a thread and you see the same person posting post after post virtually having a little conversation with themselves.

Just luvvv talking to myself about how this one went up 17% yesterday and another 2% today.

It is on low volume but when the announcement comes out about their CSG play in the Surat Basin it probaby won't hang around its current SP for long.

Surat Basin may soon take coal seam gas lead:

Posted Fri May 16, 2008 12:37pm AEST

Map: Surat 4417
Queensland Mines and Energy Minister Geoff Wilson says the Surat Basin could soon be the state's leading supplier of coal seam gas...."

http://www.abc.net.au/news/stories/2008/05/16/2246891.htm

Hi Col

Don't worry - you are not on your own. I've been watching with interest. I agree with your summary of the company's prospects. It is interesting to also review this thread in full to see some of YT's comments in the middle of last year.

Based on his analysis he rated Lodestone one of the best coal plays in Queensland (and at that stage I don't know how much weight was being placed on the company's Energy prospects).

Duckman

 

[YOUNG_TRADER]

Re: LOD - Lodestone Exploration

Well all LOD has done is said instead of pursuing the conventional Coal we will go after the CSG/CSM

Smart management as they know how to stay in the hot sectors and at the end of the day all we as shareholders want is share price appreciation

Looks like these can come out of the bottom draw

 

[ColB]

Re: LOD - Lodestone Exploration

Originally posted by YT

"Well all LOD has done is said instead of pursuing the conventional Coal we will go after the CSG/CSM

Smart management as they know how to stay in the hot sectors and at the end of the day all we as shareholders want is share price appreciation"

Spot on there YT. They have....

Former Founding Chairman of Arrow Energy - Bill Stubbs
Former Board member of Macarthur Coal - Lance Grimstone

Bit more volume coming in today and up another 8%.

 

[binginbarrel]

Re: LOD - Lodestone Exploration

LOD

another penny dreadful disaster story of the last 4 months.

just like CAG and NSL etc

if you bought this when it was a hot reco like I did you would have now lost 50+%.

Of course people will say "I'm holding for the long term"

what a disaster

Nothing posted in the threads of either, but I noticed some slight action in CAG and its ugly step brother SSS today.

I`m thinking now would be a timely time to pick a few up (CAG) incase the volume heats up.

Sorry about the cross posting by the way.

I like LOD but not in yet either.

 

[Duckman#72]

Re: LOD - Lodestone Exploration

Looks like these can come out of the bottom draw

Slowly creeping up - although on small volumes. Just hit 6c a few minutes ago.

Has been a nice steady rise over the past 6 weeks.

Might be getting close to announcement.

Duckman