Hello Beatle and Moit. I wish to congratulate you both on your well thought out posts in relation to Res 10. I don't believe that the way to register a protest vote against management is to jeopardise the finances of RED in doing so. Many companies finances are stretched and limit the...
Don't forget with very active day traders some of those shares may have been traded 3 or 4 times. As a proportion of the company's shares it may be less.
But anyway go CCC!!!
Thanks Miner and Jman for your comments.
It doesn't look too good! I borrowed the following from over the road re capital raisings -
$ 35m @ $1 in Jul 07
$ 62m @ 85c in Mar 08
$ 19.6m @ 27c in Jan 09
$ 28m @ 20c in May 09
Total of $144.6m plus the $60m borrowed as Senior Debt.
Now they want...
Hello Miner
I was very pleased to see the above post under AXM in view of the present circumstances. There is much discussion about the heavy dilutory impact of a rights issue of such magnitude and at what price.
My concern is not so much the price or the dilution but if the company gets its...
Hi
My understanding with such a scenario is that if your order is last on the list of buyers at that price, you can up the quantity and stay there in the queue. If you are not last in the queue then the order will be split with the original order staying put and the extra quantity creating a...
Hi Australia, I have been using CMC for 5-6 years now, firstly with Andrew West, then CMC when they took over AW. I have found their banking system A1 and only have one account on which the interest rate is as promoted.
I also have a Comsec account for my SMSF which draws automatically from...
Hi Brendan
I also wonder what other BBI/BEPPA followers invest in. I am only into BEPPA but not BBI and only by virtue of this thread and my thanks to BB for his insight and favouring us with his depth of knowledge. I have a two portfolios - my 'personal' and my SMSF. My stocks in the...
The last sales at 0.103 were mine for 947 out of 50k. I now stand first in line for the remaining 49053 at 0.103. I guess I will sit on it for a while and then may have to up the ante to get the rest.
I am puzzled as to why Nathan couldn't enter a buy for 10.4cents as at this level increments...
For your information, my research into unpaid and deferred dividends for BEPPA is -
Oct 08 - Dec 08 $0.0204
Jan 09 - Mar 09 $0.0125
Apr 09 - Jun 09 $0.0106 ex date of 10.06.09 should
the dividends be re-instated...
Hello All
Just spent 3 hours reading all the posts since page 12 to try and get up to speed. Researched the BBI website on Friday last and bought 25k BEPPA and considering another 100k.
However, I have 2 queries -
1. Accrued interest quoted at 3.1c sofar in a BB post and I assume this is...
Is MGX now ahead of the pack?
The somewhat drastic action taken by the Board has come as a huge shock to longer term investors (me included). However reading the Explanatory Memorandum dated 25 November gives me some relief to know that debt will no longer be the main problem and that funds...
Hi Brian
I assume that the losses you anticipate relate to equity investments. Is it possible to rollover part of your investment to the SMSF without incurring losses? If so, once the SMSF is set up, you can still make contributions to your SMSF if you are still working, the amount per...
Hi Brian
I had an allocated pension with a large fund manager who kindly reduced my account balance by over $100K this last financial year. I have sacked that organisation and set up my own SMSF thru an online company which sets up the fund with all required documentation, TFN, ABN and with...
Shortages of sulphuric acid may become more evident with a number of phosphate ventures pushing into the Gorgina Basin in NT and neighbouring basin in QLD. Phosphate Australia POZ have an IPO current at present, MAK have Wondarah and talk that Joseph Gutnick's Legend International are looking...
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