Recent content by Pingu

I would guess that the Chinese will wait until the last day before making any announcement to give them as much time as possible to see what is happening in the world. Nickel prices are down at the moment to around $10600 USD/MT so that may influence their decision. Note: I am long JRV and...

I agree the progress report today is very positive but reads badly. I had to read it a couple of times to be sure of what they were saying. Hopefully as people digest the good news the price will come back up. I bought the other day at $0.016 so I am reasonably happy.

FYI in the event of a takeover offer, if the offer is for the whole company (not just say 40%) and the board recommends it note holders (BNBG) can request exchange of there notes. If there is an offer and the offering party gains over 50% of BNB then note holders can also request exchange...

True they need to extend the mine life, although I believe they are reasonably confident of doing this and the free cashflow should allow them to carry out this exploration. In the medium term they also have the Mount Cavendish (spelling?) tenement.

Heres a brief summary of their financials as at the end of the last quarter. Cash in bank ~$8 mill, current market cap ~$12 mill, no debt, forecast surplus cash flow $9 mill. Plus they have only just made their first shipment (sitting at the dock) with a cost of production for the year of ~$20...

lol... I sold mine yesterday and am kicking myself today. Oh well. At least I still hold the BNB notes (BNBG) with a face value of $100 (currently ~$30) so hopefully will make a good profit off those (got them at $14)

Upon rereading their last announcement about the first shipment, I think the shipment is sitting at the dock waiting for the quality to be confirmed by an independent party. Maybe when this is confirmed and the shipment actually 'ships' we will see some reaction in the price.

Does anyone have any thoughts on where DLS is heading? I had GOG and so got DLS in the merger, but since then all they have done is head slowly south. They seem like a good small-mid cap oil company to me. In fiscal 08 they had $22.9 mill in sales of oil sales, they expect their volume to...

Umm I may be wrong but what I understood from this announcement is that the ASIC was looking into false rumors about Macquarie, namely the story in the Australian about them having problems refinancing a $5 billion loan. Also, an interesting alternative to BNB is their $100 notes (BNBG)...

I would think that they will be cashflow positive. According to their 29/05/08 presentation they forecast $9.0 million a year surplus cash flow. Since then I am not aware of any event that would have changed this. They had some problem with the processing which is why the first shipment was...