PES - Pure Energy Resources
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Sean K
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Up 300% the past 2 months.
The resource upgrades didn't warrant it, imo.
No please explains issued.
Some family and friends have made a nice little stag profit.
Disappointed I wasn't watching more closely.
The resource upgrades didn't warrant it, imo.
No please explains issued.
Some family and friends have made a nice little stag profit.
Disappointed I wasn't watching more closely.
Geez I hope he doesn't give it too much of a push......I took some profits this week.
Ouch, a bitter sweet feeling no doubt.... I'm sure you made plenty though!
That broker was probably Mr Doherty was it at Dornbusch?
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When I can, I listen to ABC radio Southern QLD 8.30am Saturday morning, while I read the paper.
Each Saturday they have a financial planner from Toowoomba on to take the questions from the callers.
Often "Ash" from Injune calls and asks about a coal seam gas favourite....many discussions often on linc, carbon energy and so on.
Today, a new caller asked about Pure Energy and the recent rise in share price, to which the financial planner said "I have never heard of them".
This surprised me somewhat, seeing as I know these locals are up with their coal seam gas stocks.
Anyway, as that was the last "Saturday morning for the year", the planner said he would put an answer on Wednesday morning at 6.55am when he does his morning finance section before the 7am news.
Geez I hope he doesn't give it too much of a push......I took some profits this week.
often one thinks whether it is to do with coincidence or they know something!
doesnt it make u think?
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PES holders all get to make some money. $2.70 per PES share you own plus 1.21 AOE shares (currently valued at $2.01 per share) so approximate value is $2.70 + $2.40 = $5.10 per share. Hold on and wait for your money or sell early and take your profits if you need the cash sooner.
Not sure why PES is still only at $4.70 unless you expect AOE to fall by a a margin equal to the difference.
Good job and pity i sold out of PES to soon but there you go.
Sean K
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If it's lower than the offer price it means the market is factoring in a fall in price of the vulture, or the TO will not go ahead.
If it's higher then the market is usually factoring in competition and a bidding war.
You can now either sell on market, or you will be sent documents to accept the offer and you will become a shareholder in AOE.
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I dont understand, havent they already agreed on the take over? So this would mean ppl assume AOE to drop significantly? Does this mean that AOE will go into trading halt when shares are issued (and monies paid) to PES holders, and will open alot lower? (15% lower going by PES and AOE's current share prices) If this is so, then why is AOE still at $2.08 and has more buyers than sellers?
Up 300% the past 2 months.
The resource upgrades didn't warrant it, imo.
No please explains issued.
Some family and friends have made a nice little stag profit.
Disappointed I wasn't watching more closely.
It wasn't rocket science to work out the takeover bid was coming. Even I could put it together,and I'm no rocket scientist. When Shell snuck in with their holding, it was all over red rover.
I still hold 2/3 of my holding....sold 1/3 on Friday......timing is every thing isn't it.
I was hoping for more than the offer!
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And so this is Christmas, and what have you done ?
Well done Grace. I jumped onto PES a few months ago after reviewing your excellent analysis. And your little kick alongs along the way didn't hurt.
Particularly appreciated your conversation with the PES director recently which you posted on the Forum.
By the way are there any thoughts about Arrow Energies future ?
Have a great Christmas everyone - particularly if you held a few of these little flowers.
Cheers
Yes PES did deserve a better price. Perhaps there is an argument that the synergies of the takeover will improve AOE and that we gain the extra value in the AOE shares in futures years....
Well done Grace. I jumped onto PES a few months ago after reviewing your excellent analysis. And your little kick alongs along the way didn't hurt.
Particularly appreciated your conversation with the PES director recently which you posted on the Forum.
By the way are there any thoughts about Arrow Energies future ?
Have a great Christmas everyone - particularly if you held a few of these little flowers.
Cheers
Yes PES did deserve a better price. Perhaps there is an argument that the synergies of the takeover will improve AOE and that we gain the extra value in the AOE shares in futures years....
chops_a_must
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This is one I recommended many moons ago, as AOE already owned a fair chunk.Up 300% the past 2 months.
The resource upgrades didn't warrant it, imo.
No please explains issued.
Some family and friends have made a nice little stag profit.
Disappointed I wasn't watching more closely.
They have some absolutely awesome acreage... but I already own a whole heap of AOE, and didn't want double exposure...
It wasn't rocket science to work out the takeover bid was coming. Even I could put it together,and I'm no rocket scientist. When Shell snuck in with their holding, it was all over red rover.
I still hold 2/3 of my holding....sold 1/3 on Friday......timing is every thing isn't it.
I was hoping for more than the offer!
Oh Grace!! - bad luck about selling a few the other week!! hopefully 2/3 is plenty!
To be honest I havn't been watching closely lately but it's been obvious that something was in the wind. My only pain is that I didn't act all those times when I said I needed more of these... (and the CGT - after QGC and all!! :-(((( ) - but a lovely big profit on the small parcel I've had since the early days.
the Big question now is... which mini-coal seamer will be next cab off the rank ?? BUL ?? WCL ?? someone else I don't know about?... any opinions folks?
And - regarding AOE for basilio - I think their prospects are fantastic with serious CSG exposure in many SE-Asian countries. Might take a while for it all to come to fruition ... but when it does look out!
g'luck all - nice to have big winner in these uncertain times init!!??
-D
Dukey, next one I think will be esg in NSW. Just a gut feeling. Let's see what the future holds.....
The other thought that crossed my mind....could Arrow be a takeover target too one day?
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i didnt miss this one today.. but i sure as hell missed the boat.... damn why wasnt i watching this thread two months ago..... i must admit i had at look at it in october very briefly and thought that looks alright, but then never did anything about it.
chops_a_must
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Dukey, next one I think will be esg in NSW. Just a gut feeling. Let's see what the future holds.....
The other thought that crossed my mind....could Arrow be a takeover target too one day?
Of course it is, but I don't want it to be. Shell owns 30%.
I have a heap as free carried from trading them.
Maybe, someday, they will make me rich...
But ESG is definitely the next one. Have free carries in them as well, although not nearly as much. They are breaking out also...
But ESG still offers the most upside out of all of these from the rough calcs I've done over the last nearly 2 years now. Nearly that long hey?
Yes chops, I see you have been around these threads a long time, and I recall the first calcs on MV compared to certified resources done by you ages back.
Molopo and Sydney Gas are there looking like targets as well. I'm not holding any of those, but hold plenty of esg from the 22 cent mark upwards (if memory serves me right).
Have a bit of cash from QGC and PES sales last week, so looking for a place to park that.
Think I'll add to my Arrow holding for the long term with the takeover of PES rather than selling on market.
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Hi folks,
PES ..... looking at some time cycle analysis, December 2008 looks like it will
remain strong, but January 2009 may not be the smoothest ride for PES ... :
23122008 ..... positive spotlight on PES
29122008 ..... positive cycle may be the final explosive upmove for PES
02012009 ..... negative news expected here.
04012009 ..... minor and positive cycle in play.
08-14012009 ..... BIG time negative cycle expected here
20-21012009 ..... more news, brings a negative focus on PES
05022009 ..... minor cycle
06022009 ..... another negative cycle expected here.
16022009 ..... more negative news ... ???
20022009 ..... minor and positive cycle
March 2009 looks more positive for PES .....
have a great day
paul
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