White Energy WEC, is my stock that could see a big recovery.
WEC are stuck in the Singaporean courts over a dispute on coal supplies to a coal upgrading plant in Tabang, Indonesia. MD Brian Flannery, thinks they will get a minimum of $100 million.
They have a 4.5 billion tonne coal resource at Phillipson Lake in Northern South Australia and this indicated resource has been raised to over 1 billion tonnes. The coal is useful for Australian power stations (in talks to supply a power station in Adelaide), upgrading and gas or diesel extraction.
The company are presently exploring an exploration lease at Cosey Creek, not far from Coober Pedy.
Other interests are in China, USA and South Africa, where coal upgrading plants are planned.
The board of directors were all previously directors of the very successful Felix Resources (now part of China's, Yanzhou Coal Company).
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However, I wonder whether ASF can or should make a rule that a chart should accompany it, so the rest of us can see the direction, and whether the comments relate to a hope or a reality.
Having said that, I have absolutely no idea how to do that, so eagerly await a lesson from somebody.
My pick? NDO - Nido Petroleum. It seems to have finished its chart bottoming, it's producing oil fields in the Philippines are maintaining cash flow to fund drill operations and it is drilling in some highly prospective areas.
I read a comment by a Chairman of a company who has seen his companys' shares tumble by 98%, "shareholders invest too much money in small risky shares".
So here is my small high risk stock. Probably risky as its main subsidiary 'Leader Smart (Shanghai) Limited' is involved in mainland China. The main company is registered in Hong Kong and trades only on London's AIM market at a price around one penny, and is Univision Engineering Limited AIM:UVEL. [in addition to the presentation below Leader Smart is selling a shopping mall in Zhongshan, Guangzhou (Gwang-joe) for about A$17 million. At present due to go to Chinese Arbitration as a part owner is in dispute with the buyer]
http://www.uvel.com/news/news2013/Presentaion file -UniVision shareholder meeting on 16 May 2013.pdf
A stock that is potentially ready to fly but is awaiting an Arbitration decision in France - Oxus Gold v The Republic of Uzbekistan. Under the epic LSE:OXS this is another quoted on London's AIM market, often described as a casino.
At 3.4p the market cap is £18m and the claim up to US$1.2 billion. The company has been in Arbitration since 2009 and the final stage was completed in June 2014 with hopes of a decision in 2014 - that failed to happen.
The latest encouragement was published yesterday enhancing hopes of an offer from Uzbekistan: IMF says strong Uzbek growth hinges on speedy private sector reform | Reuters
OXS is a little complex as it trades on AIM and the secondary market ISDX. On AIM there are 'O' trades and LSE:AT trading and the latter controls the bid-offer spread.
Basically, OXS had a 50% interest in two gold mines, both operating, in Uzbekistan and these were taken by the Uzbeks in 2006 and 2009. They OXS were offered a small sum in compensation that was declined. The Arbitration is being funded by a No Win, No Fee Lawyer.
Company details are at: Oxus Gold share price | OXS | Share price
Univision Engineering Company remains quoted on AIM:UVEL http://www.uvel.com
http://www.uvel.com/news/news2015/Agreement to sell shares -14-12-2015.pdf
My next international share is a minnow called Noricum Gold Limited AIM:NMG. This is a company based in Austria, run by mainly Aussie directors, and now drilling in Bolnisi, Republic of Georgia.
Kvemo Bolnisi is located less than 7km from the Madneuli mine and processing plant and only 2km from Tsitel Sopeli. The polymetallic sulphide mineralisation drilled at depth is located on the same regional linear structure that hosts both Madneuli mine and Tsitel Sopeli.
Tsitel Sopeli is located approximately 10km from the Madneuli mine and processing plant, owned by the Company's local partner and therefore has access to toll treatment facilities, making it amenable to production in the near term.
+++Gold price in Georgian Lari - http://www.goldrate24.com/gold-prices/asia/georgia/
Some past links to browse at leasure:
Boring. But I think WOW. Cutting dividends, biting the bullet on Masters, and a new CEO with a proven track record. This company has to much potential to be sold off for too long. This might be where the line in the sand is drawn, and WOW starts consolidating and rebuilding their brand, image, and share price.
Has anyone else heard any news or rumours the Sydney hedge Funds have ended their short positions on WOW?
0575 Regent Pacific of Hong Kong. Recently made a reverse takeover of Plethora Solutions quoted on London's AIM market. [Value of Regent Pacific shares to one share in Plethora - the bid 15.7076 shares in 0575 for each share in AIMLE = HK$0.9738 or 8.92p sterling on 24/03/2016]
Minute by minute price chart:
Principal assets: http://www.regentpac.com/template?series=1&article=11