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BWN - Bowen Energy

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Wysiwyg

Wysiwyg

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Information & my opinion ........

Well as a new stock listing (February 2007) Bowen Energy (http://www.bowenenergy.com.au/) is making some decent moves already.As a coal and uranium explorer with most of their assets in Queensland they are presently signing a deal with Bhushan Steel Ltd.(http://www.bhushan-group.org/index.htm) a steel manufacturing major of India.Together with a cash/scrip take-over bid for Rocklands Richfield Ltd.(http://www.rocklandsrichfield.com.au/Home.htm) the company is showing promise already.

Early days for sure but if the present expansion of the coastal city coal loading facilities is for future demand then there may be some merit in this companies drive into the Bowen Basin of Central Queensland.Certainly appear to be ambitious but as usual do your own research too.:)
 
Interesting opportunity from a T/A view point; the descending triangle indicating a likely surge on breakout, probably on the upside. As Dutchy has shown these triangles are a great opportunity to maximise position size by having a very tight stop.
 

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for those interested in adding a junior coal explorer with significant upside potential it may prove a wise move taking the time to deep deeper into the BWN story.

with exploration currently underway at their tennements in the Bowen Basin in Queensland, hoping to uncover vast amounts of Coking/PCI/Thermal coal, so exploration news will be an ongoing for BWN over the short/medium term.

on top of the Bowen Basin exploration the company also holds a 50% interest in significant exploration ground in Indonesia (one of the worlds largest coal exporters)

but what really interested me in BWN was the speculated battle for control of the company, the following article was taken from the Australian today hinting at a possible takeover.


PURE SPECULATION: Robin Bromby | April 28, 2008
THERE aren't many cheap entries into the coal sector remaining. The big producers are trading on pretty hefty valuations, which is not surprising given what is happening to prices and demand.

Just as copper theft around the world has been a sign of the value of that metal, coal smuggling from Vietnam to China is now big business and one involving criminal gangs, showing just how scarce the commodity is becoming. The Vietnamese are concerned because they want to conserve resources as they build new coal-fired power plants.

But, while things are pricey at the producer end, there are a couple of juniors trading modestly.

One is Bowen Energy (BWN) and this has come to our notice because a Mauritius investment company, which represents Indian clients Savni Holding, has bought 13.3 per cent of Bowen on-market. India's Bhushan Steel already holds 10.2 per cent of the junior, along with a swag of options.

The timing is interesting because of the sense that a number of predators are circling the coal sector. Furthermore, Bowen is awaiting drill results from the South Blackwater coking coal project which neighbours the Blackwater mine operated by BHP Billiton (BHP).

Is Savni part of some blocking bid, a positioning to extract the best possible price should an Indian or even South Korean buyer make an offer? If the drilling results are as good as Bowen must be hoping, such a move could be triggered earlier rather than later.



With coal likely to remain a significantly hot sector thanks to supply constraints and rising demand, BWN is certainly well positioned to reward shareholders.

Remember China has only around 12 days coal supply left, prompting the likelyhood of further price increases going forward.
 
some excellent price action going on in BWN today, probably associated with the article in the Australian today.

But with several major shareholders showing more than a passing interest in BWN, this could be just the beginning.

I for one are keenly awaiting the first lot of results from the coal exploration in the Bowen Basin, any positive news could certainly light a fire under the BWN shareprice given the current market conditions for coal.

certainly reminds me a lot of COK in the early days as the major institutions and steelmills started taking stakes, with large buy orders still appearing up the buy side, perhaps we will have another change in substantial holder notice shortly.
 
what an excellent day for BWN shareholders today with the heads up 20% and the options 44%, not really surprising though after the article in the Australian highlighting the ongoing coal exploration in the Bowen Basin where they are chasing the coal holy grail being hard coking coal, and also highlighting the speculation in regards a possible takeover.

with continued buying pressure all but wipping out the sell side by close, one would speculate buying was coming from the larger shareholders trying to obtain a bigger stake.

with the olympics in China not far away now expect to hear plenty of news coming out of the company in regards their coal/energy crisis. With a lot of money already invested in the bigger coal plays expect to see money filtering down the sector to companies such as COK/CDS and BWN all likely to benefit.

keep an eye on the open tomorrow if more large buy orders appear it could be on for young and old.
 
mick2006 said:
what an excellent day for BWN shareholders today with the heads up 20% and the options 44%, not really surprising though after the article in the Australian highlighting the ongoing coal exploration in the Bowen Basin where they are chasing the coal holy grail being hard coking coal, and also highlighting the speculation in regards a possible takeover.

with continued buying pressure all but wipping out the sell side by close, one would speculate buying was coming from the larger shareholders trying to obtain a bigger stake.

with the olympics in China not far away now expect to hear plenty of news coming out of the company in regards their coal/energy crisis. With a lot of money already invested in the bigger coal plays expect to see money filtering down the sector to companies such as COK/CDS and BWN all likely to benefit.

keep an eye on the open tomorrow if more large buy orders appear it could be on for young and old.
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Hi do you know what the current Resource/Reserve status is for BWN and potential mine life?

Thanks

MS
 
Hey Michael, they are currently drilling the first of several projects in the Bowen Basin, with the drilling program designed to one by one release JORC resources on all their projects.

As for size its hard to gauge, given previous oil drilling/nearology to other major coal mines they know there is coal there they are just waiting to see how much. I would suggest watching the recent interview BWN released on their website, the company seems extremely confident of moving from explorer to producer.

And as a measure of what the rest of the world thinks of their projects they have managed to attract Bhushan Steel the 3rd biggest Indian Steelmaker which is also in the top 25 listed Indian companies as a JV partner. And also has significant interest from the Savni Holdings Group another Indian investment arm.

With momentum certainly flowing towards both coal and BWN it will be interesting to see how far it runs.

As the Australian article stated this morning, global companies are stalking our Australian Coal Juniors and it will be interesting how the battle for BWN ends up.
 
excellent news just released by BWN in the first round of drilling at the Shotover Project at South Blackwater in the Bowen Basin, the company has intersected several coal seams.

this is truely exceptional news given that the company was targeting hard coking coal the most desired of all forms of coals.

with excellent drilling results just released, the lure of a takeover battle (as highlighted by the Australian yesterday) and several large Indian Shareholders adding to their holdings recently, everything is looking extremely positive for BWN at the moment.
 
looks like things could get very interesting very shortly, on top of the takeover speculation and excellent coal results this morning, we now have a 1million buy order sitting right at the top of the depth, with only 400k available on the sell side.
 
healthy accumulation going on at the moment for BWN, has consolidated the early week breakout well and is looking to push higher, likely to be aided by more positive news out of South Blackwater, and further coal price hikes.
 
did well today with the announcment - up 27%

anyone herd of RCI?

apparently Bowen is in a JV with this company but there does not seem to be much sell side liquidity

thoughts
 
RCI are in joint venture with BWN on one of their Queensland tenements. BWN tried to take them over 12 months ago and failed. RCI has performed miserably since then although their Chinese Coke mill is operating cash flow positive now. RCI may be undervalued but their Qld drilling is at a standstill. Chief coal man at RCI is an ex felix Resources director Ugo Cario, so hopefully they have some expertise on the board. RCI up strongly today but on crossed sales which seems suspicious.
 
Something new with this? Drilling results expected soon?
================================================
 
So what are ppl thinking about BWN at the moment, charts looking good, also latest announ says their up to 5 drill riggs on blackwater now. They must be quite confident to do that.
 
the bowen energy chart is certainly looking pretty impressive, and good gains of late if you got more or entered at 10 cents a few weeks ago.

it really looks like a lot of shareholders are going to vote bhushan out. i recieved some paper work last week and will be voting for all the resolutions to change the board as well . if it passes one of the things i like is new options will replace the old ones.
 
it just shows how much shareholders are not been told . there must be some good ammount of coal we are not been told about , bhushan are sly sneak and suspicious to say the least , no company in australia will ever deal with bhushan again , i hope qld government step in and block the bid.

asic need to pull there finger out and do something, there will be many complaints on monday i am sure .

asic phone number : 07 3867 4700
asx 02 9338 0000

bhushan lost the votes at the june 22nd meeting that is why they called them invalid, why else would they call them invalid if they did not win? the lost. there is many things the board is not telling us.

share holder had there say on paper and it was dismissed by bhushan and called invalid
bhushan steel have not stuck to there agreement and have made no commitment to any shareholders what so ever.
 
when you all ring asic on monday

asic phone number : 07 3867 4700
asx 02 9338 0000


note on page 10 and 25

OUR COMPANY SECRETARY IS A DIRECTOR OF BHUSHAN STEEL !!!!!

GLENN THOMAS MERCHANT ,

WHY WAS THIS NOT DISCLOSED EARLIER ???????????????

THE BOARD LOOKS LIKE THIS


Mr. Nittin Johari (Managing Director)(BHUSHAN)
Mr. Anil Ahuja (Director))(BHUSHAN)
Mr Neeraj Singal (Director))(BHUSHAN)
Mr. Brij Bushan Singal (Non Exec. Director)(BHUSHAN)
Mr. Glenn Merchant ( Secretary ) (BHUSHAN)

Mr. Neil Stuart (Non Exec. Chairman)
Mr. Mark Sheppard (Executive Director)
 
does anyone here hold or follow the stock still? not much comment on it , bhushan have now launched a takeover. very unfair at 14 cents considering bhushan say in the press about 1 billion ton of coal in indian newspapers
it to be expected to be proved up , even if its half that and remember not all lease have had exploration work done on them yet. and results for ones that have are not been disclosed to shareholders. its still a very cheap and nasty offer not worth accepting i dont think, when the stock is worth well more than that even if the coal is still downunder the surface

ill also complain to australian shareholders association as well.


National Office
Level 7,
North Tower
1-5 Railway Street
Chatswood NSW 2067

Postal Address
PO Box 519
Chatswood NSW 2057

Telephone
1300 368 448
02 9411 1505

Fax
02 9411 6663

Email
on there website
 
I can't locate that press report with the reference to 1 billion tonnes => can you please post a reference?

thanks
 
http://in.reuters.com/article/businessNews/idINIndia-32351020080307


The mines are estimated to have reserves of 1 billion tonnes of thermal coal and coking coal, Johari said, adding they would start mining in about two months

if this was the case 1 billion ton, BHUSHAN would have to pay the company about 100 million!! under the joint venture. that would value the stock at about $1.20c if you divide 100 million by the shares on issue , 500 mt coal about $0.60c.

well below $0.14c in current offer

now can you see why they are trying very hard not to prove how much coal there is ?

we already know there is lots of coal at middlemount with 5 metre seems either side at norton and rocklands leases.



have a good look in search engines,

google the follow , bhushan deaths,bhushan saftey, bhushan protesters , bhushan villagers etc


there is articles in the herald sun today , and fin review tuesday and wednesday


this har ramafications for the whole coal industry if they get away with this complain to all the authorities , asx, asic, australian shareholder association, qld government and mines dept and media.

do you bit to help get true value

samgribbles said:
I can't locate that press report with the reference to 1 billion tonnes => can you please post a reference?

thanks
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