Cleantech Share Discussion Threads

[sportbilly1976] 15/6/2009 22:02

WTN closed at $2.09...equivalent to approx £1.12

CBM equivalent 84p...minus the regular 4-6p, so a 78p open or so.

[arja] 15/6/2009 16:21

has also slipped in Canada and trades at a discount to Canadian price or did on friday . Not sure if that is always the case as I entered the stock for first time on friday and sold near end of day . Looking to re-enter !

[crawford] 15/6/2009 15:57

WTN holding up very well on the Canadian exchange, the fall here is overdone.

[bushtuckaman] 15/6/2009 13:33

This is worth a read gents.

[tb0ne] 15/6/2009 13:18

VIZZ,yes very true, sometimes we should just close our eyes and dive in, which i've done a few times when i would have been better off doing what you've done! Although, i do think that it goes around in circles and eventually you make it up, one way or another - just with a bit of patience...

ARJA, yes, Canada is the lead but will always follow on the LSE... It's just the exchange rate that differs and affects the LSE share price ..

[arja] 15/6/2009 08:15

tbone,
is canada the lead market for WTN ? if so, it is the chart in canada we need to look at - still equates to 92p there but likely to come off a bit today with general market sentiment

[vizz] 13/6/2009 11:13

You're quite right TBone, 'sector' was the wrong word used when I meant to pinpoint the smaller players. The majors or sector so to speak were mixed in performance of late, if not slightly down into Friday, which added weight to my view that WTN/GCE had already advanced ahead of what you describe as catch-up.

I feel that emotional froth has driven the rise with punters acting like school kids released to the playground after a few days of exams. Sentiment though is difficult to measure and has a greater influence in the market fringe and has surprised me here. This has been one of those occasions where my normally detached mental stance has done me a disservice and I should have just closed my eyes and dived in the deep end with the crowd. However, that's hindsight wishing and not logical percentage thinking that triumphs more often. Too late for me now as there are better risk/reward plays elsewhere, but of course circumstances can quickly change and I'm never far away.

[30003000] 13/6/2009 08:33

If GCM get go ahead on Phubari - I understand CBM still have a 1$ tonne royalty - worth $15 mill per year - is it still in place?

[gowtn] 13/6/2009 01:24

lol too early in the morning for me

[tb0ne] 13/6/2009 01:16

GOCLOWN, coal fumes are clouding your vision ya goose! Look at it properly... It's the CBM Chart! Look at the heading then look at the share price - WTN is 1.22p...

VIZZ, i disagree about the 'Sector Bounce'. True that GCE follows WTN etc, but the Coal Index was Up a couple of % on Thursday and Down a couple of % on Friday - WTN Up 25% & 9% respectively... Common knowledge that WTN/GCE way oversold and this really is just catch up as such, with more to come in due course IMO...

[gowtn] 12/6/2009 23:53

That is the WTN chart TBone lol!

[tb0ne] 12/6/2009 22:40

The only problem Billy1976 is that the resistance and breakout are largely irrelevant now as whatever WTN does, CBM will just follow... The chart you need to analyse is the WTN chart as that is where the true picture lays.

VIZZ: thanks buddy - and only 2p profit? How was that cold shower?? At least it's summer there - bloody freezing here, got down to 5deg yesterday morning...

[sportbilly1976] 12/6/2009 21:40

superb breakout confirmed today.....

a fair way to go till the next resistance too (circled)

[phil0001] 12/6/2009 17:50

bush, it was when the WTN share price was about 70p before going on a long run up to 530p. You didn't want to buy any at that point because you said the chart looked 'toppy'. Not really important now, but you had a laugh about it at the time.

Hope everyone is enjoying the rise this time around. :0)

P1

[bushtuckaman] 12/6/2009 17:29

phil, sorry i can't recall this 'toppy' remark i allegedly made, but then again i cant remember what i had for dinner ystd these days. That said, if you're not confusing me with another poster then technically i was correct seeing as the share price went down to the low 20p's recently ;-)

Have a nice weekend

[ianbrewster] 12/6/2009 16:07

12 June 2009

AIM: XTR

XTRACT ENERGY PLC
("Xtract" or the "Company")

INVESTMENT UPDATE - MEO Australia Limited

Xtract announces that it has sold 20,000,000 of its shares in MEO
Australia Limited ("MEO") for a consideration of A$3,415,003. The
proceeds of the sale will be used to support the growth of the other
investments within the Company's portfolio and provide working
capital. Following the sale, Xtract holds 28,295,629 shares in MEO,
representing approximately 6.8% of MEO's issued share capital.

[lasata] 12/6/2009 16:03

EBG joining the party too...

[steeplejack] 12/6/2009 15:38

I confess that as a long time holder ,i failed to appreciate that this stock would rise eight fold in the three months since early March.That said, i never expected them to fall though a quid on the way down either!Don't you love the new management.

[vizz] 12/6/2009 15:32

The assets scenario has been in place Waggle all along, the only difference now is that management is promoting the merger and punters in general have been in a mood of self-fulfilling hope based on pre-April market comparisions and ignore the risk. Punters fretting on the sideline with cash deposits offering little joy have also been sucked in by the momentum. Eventually I expect the usual blow-off top and the market to settle back into a more circumspect state, but who can judge with timing? It could start by today's close over the pond or carry on for weeks? I actually had a small punt on CBM's nose at 77p this morn, but felt uncomfortable and closed at 79p, thankful I had a meal out of it. I'll have a cold shower now! ;)

p.s. Would add that movement isn't just WTN, but a sector bounce with GCE in unison.

At your service TBone

[lizzie ii] 12/6/2009 15:32

It was less than 2 hours ago that I mentioned an share price of 77p ... and here we are at 85p!

Interesting discussion about theoretical possibility of WTN/CSM deal not going through, but of course the higher the CBM share price goes, the higher the propensity of CBM shareholders voting for the deal, so in effect the increases in share price make the likelihood of the deal going through self-fulfilling.

WTN clearly on a roll! It is having a very good day since the Toronto SE opened.

[tb0ne] 12/6/2009 15:08

HEAR HEAR 1976!!! Then that would be a cause for celebration - doing GOWTN's Choo Choo dance!!!

[sportbilly1976] 12/6/2009 14:57

WTN sat on long term resistance at 116-120....a break through this and there is no stopping till 190 or so....

....or 142p for CBM

[tb0ne] 12/6/2009 14:54

Hey VIZZ ole buddy, do you know if the 31 page version still exists and if so, where can i get a viewable copy from?

Re the share price difference, you guys know full well that there's always going to be a discount until all the 't's are crossed & 'i's dotted... Always... In this case, 't' = 75%+ shareholder approval & 'i' = the pieces of paper held that verifies this.

[waggle] 12/6/2009 14:46

Vizz, looking at the 90m for 348m of assets scenario, if it didn't go thru then the market would actually re-rate CBM and/or wtn would sweeten the deal pdq. I seem to remeber at one stage the heady ratio or 2 wtn for every 1 cbm..oh that that pig would like again!!!