Share Name Share Symbol Market Type Share ISIN Share Description
Novo-N.Dkk2'b' LSE:NNO London Ordinary Share DK0010280817 DKK2 SER'B'
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +DKK0.00 +0.00% DKK13.10 DKK0.00 DKK0.00 - - - 0 05:00:10
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
- - - - 0.00

Novo-N.Dkk2'b' Share Discussion Threads

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This stock has been widely tipped as a future high earner with substantial copper and gold resources to come on stream after infra structure development in the next few years. It has good financials from existing extraction and 100% ownership of the copper and gold that it will extract in the future.It appears to be putting together adequate capital to enable successful exploitation of the resource and the market for copper and gold should remain strong into the future. The stock price remains subdued - is it a likely target for a predator or will its future attractions come into the spotlight in the near future and put the stock price up to where its potential seems to deserve ?
This stock has been widely tipped with considerable resources of copper and gold to be extracted in some years time after heavy investment in the means of extraction. On the face of it it looks a pretty certain winner because the extraction costs will be unusually low with resulting high profits. Copper and gold will remain essential and fairly high priced commodities for the future so when does this become a stock that everyone wants (particularly a predator) rather than a wait and see stock ?
NATIONAL NIGHT OUT - August 3rd; Millions Will Spend a Night Out With Neighbors and Police WYNNEWOOD, Pa., July 21 /PRNewswire/ -- On Tuesday, August 3rd, citizens, law enforcement agencies, community groups, businesses and local officials in over 10,000 communities from all 50 states, U.S. territories, Canadian cities and military bases worldwide will join forces to mark the "21st Annual National Night Out" (NNO) - which is sponsored by the National Association of Town Watch (NATW). Nationally, over 33 million people will participate in "America's Night Out Against Crime" this year. "During the past few years, people's attention has returned to the security of their families, homes and neighborhoods," said Matt Peskin, creator of the event and its National Project Coordinator. "National Night Out offers an extraordinary opportunity for citizens, community groups, law enforcement and local officials to get out, meet, greet and discuss local issues." NASA has joined forces with NATW to help promote National Night Out. The International Space Station (ISS) astronauts will be sending neighborhoods participating in NNO a message from 250 miles above the earth. The ISS astronauts will salute the Night Out celebrations and encourage even more communities to get involved in crime prevention activities. The message will be shown on NASA TV. On the evening of August 3rd, between 7 and 10 p.m., along with the traditional "lights on" and front porch vigils, there will be thousands of crime prevention block parties, cookouts, ice cream socials, parades, neighborhood visits by local police and sheriff's departments, flashlight walks, safety fairs, poster and essay contests, and neighborhood meetings. National Night Out is designed to: (1) Heighten crime, drug and violence prevention awareness; (2) Generate support for, and participation in, local anticrime programs; (3) Strengthen neighborhood spirit and police-community partnerships; (4) Send a message to criminals letting them know that neighborhoods are organized and fighting back. "National Night Out is a powerful demonstration of neighborhood unity and police community partnerships," Peskin said. "Millions will be out celebrating their success, strengthening their partnerships and sending criminals a powerful message." Along with nearly every major U.S. city, NNO 2004 will also involve thousands of suburban and rural communities. "Project 365," is a unique component to the National Night Out campaign. On August 3rd, many cities and towns across America will target a "problem area" (crime, drugs, graffiti, gangs, etc.) in their community. During the next "365" days, the police and neighborhood groups will be working to solve or improve the problem. On National Night Out next year, they will announce the results -- and also select and target areas for 2005. Peskin said, "This is a way to keep the spirit and momentum of National Night Out alive and working throughout the year." National Night Out is sponsored by the National Association of Town Watch - in partnership with the Bureau of Justice Assistance, Office of Justice Programs, U.S. Department of Justice. For more information, visit the Association's web site at
Northern Orion Resources "speculative buy," target price raised Monday, September 22, 2003 11:07:05 AM ET Canaccord Capital NEW YORK, September 22 (New Ratings) - Analyst Jim Taylor of Canaccord Capital maintains his "speculative buy" rating on Northern Orion Resources Inc (NNO). The target price has been raised from C$1.80 to C$2.75. In a research note published this morning, the analyst mentions that the recent increase in the prices of copper and gold has significantly improved Northern Orion Resources' near-term earnings growth outlook. Canaccord Capital expresses concern, however, regarding the poor visibility into the company's ore processing operations at its Agua Rica copper gold project. © 2003 New Ratings
POP GOES the NNO! NNO Globe says Webb sees Northern Orion as takeover target Symbol: NNO Index: 525 Northern Orion Resources Inc NNO Shares issued 22,860,092 Sep 18 close $2.05 Fri 19 Sept 2003 In the News The Globe and Mail reports in its Friday, Sept. 19, edition that San Francisco-based Webb Capital Management president and fund manager Derek Webb says he likes Vancouver-based Northern Orion Resources. The Globe's Angela Barnes writes in the Best Bets column that Northern Orion owns a 12.5-per-cent indirect interest in the Bajo de la Alumbrera copper-gold mine in Argentina. It also holds a 100-per-cent interest in a second property, located 34 kilometres from Alumbrera, which has the same mineralogy as the Alumbrera mine and lots of metal, says Mr. Webb. He feels the shares, which closed Thursday at $2.05 on the Toronto Stock Exchange, are cheap. Mr. Webb likes the prospects for copper and gold and all base metals and he expects Northern Orion will be taken over.
16:14 Gold Newsletter says Northern Orion trading at a discount Brien Lundin's Gold Newsletter has talked about mining and exploration companies for 30 years - his longevity is a testament to his stock-picking abilities. So, when be brought Northern Orion (NNO-TSX) to our attention, we listened. In his latest update to subscribers, he explains how the company is trading at a deep discount to its net asset value. Few public companies have discounts in their increasingly energized mining investment market. Both copper and gold prices are on the rise over the last 6 weeks. We include his excerpt below: NORTHERN ORION EXPLORATIONS (NNO.T) (604-689-9663) ... Northern Orion is another situation in which substantial value has been largely overlooked by the market.In this case, however, that value is going to be thrust into the market's figurative face in the form of huge cash flow. Since our last update, the company has completed the acquisition of a 12.5% interest in the massive Alumbrera copper-gold mine in Argentina and has also closed the financing to fund that deal. In addition, the share capital has been consolidated on a 10-for-one basis. You may remember from our June issue that Wheaton River (WRM.T), which has some common shareholders with Northern Orion (including Endeavour Mining Capital (EDV. TSXV), holds a 37.5% interest in Alumbrera. Northern Orion also holds 100% of the Agua Rica deposit, a similar, large porphyry copper-gold deposit located only 34 kilometers away from Alumbrera. Investors have been waiting patiently for the blockbuster announcement that Agua Rica will be developed in conjunction with the existing Alumbrera operation. I fully expect that announcement - but only in due course. While waiting for that big news, people are missing the extremely strong fundamentals of Northern Orion's investment in Alumbrera. Expansion and productivity improvements at that huge operation in 2001 brought costs down to a level that ranked the mine among the largest and most efficient copper-gold mines in the world. Last year's sharp devaluation of the Argentine peso helped bring the cost down even further. Projections for this year show Alumbrera producing copper (net of the gold byproduct credits) at a cost of negative $0.05 per pound. Based on the 2003 projection of more than 400 million pounds of copper, Northern Orion is trading at only three times operating cash flow. Other copper companies are trading at roughly six times cash flow. In other words, Northern Orion is valued at only half of the value of other copper companies, giving credit for only its interest in Alumbrera. So investors in Northern Orion get a company that should double in price to reach the value of its peers... plus a 100% interest in a second world-class project essentially for free. What more could you ask for? Northern Orion Explorations Recent Share Price: ..................C$1.58 Stop Loss: ...........................C$1.27 Shares Outstanding: .................113 million Market Cap: .....................C$178.5 million Shares Outstanding Fully Diluted: ...157 million Market Cap Fully Diluted: .........C$248 million
Northern Orion a reasonable speculation at around C$1.50 Steve Saville 31 July, 2003 The following is excerpted with permission from Steve Saville's The Speculative-Investor. The second new addition was previously in the Stocks List for a brief period earlier this year, but was removed after the company's management made what we think was a big mistake by substantially diluting the stock at an inopportune time. The company is Northern Orion Resources (TSX: NNO). The stock exited our Stocks List at a split-adjusted price of C$1.75 in May, subsequently dropped to around $1.20, and has since climbed back to $1.49. In our opinion the company made a mistake by issuing a massive amount of new shares to purchase a 12.5% stake in the Alumbrera copper/gold mine in Argentina. However, the valuation is still attractive, particularly if our bullish views on the copper and gold prices pan out. At Friday's closing price of C$1.49 NNO has a market cap of around US$125M. Its 12.5% stake in Alumbrera is going to generate annual revenue of around US$78M and cash-flow of around US$25M. Furthermore, NNO's share of Alumbrera's proven and probable reserves is 2.05M ounces gold-equivalent (56% copper, 44% gold). So, NNO is fair value based only on its Alumbrera stake. The company's main asset, however, continues to be its 100%-owned Agua Rica copper/gold project which is situated 34km east of Alumbrera. Using a conservative 0.70% copper-equivalent cut-off grade, Agua Rica has a measured and indicated resource of 3.3B pounds of copper and 1.67M ounces of gold (around 9M ounces gold-equivalent). Taking into account Alumbrera and Agua Rica, NNO is a reasonable speculation at around C$1.50/share. Regular financial market forecasts and analyses are provided at our web site:
From the NOO Prospectus: Minera Alumbrera Ltd. Years to 30 June: --2002--: --2001--: --2000-- Revenues......... $ 519.6 : $ 451.1 : $ 472.7 Expenses......... $-423.7 : $-356.5 : $-368.8 Borrowing Costs.. $- 41.6 : $- 65.9 : $- 73.9 Profit Before Tax $+ 54.2 : $+ 28.6 : $+ 29.9 Tax Paid/+Benefit $+ 94.7 : $ - 9.6 : $ - 9.7 Net Profit....... $+148.9 : $+ 19.1 : $+ 20.2 Cash............. $+ 97.5 : $+ 58.4 Receivables...... $+ 90.5 : $+ 78.2 Inventories...... $+ 22.8 : $+ 35.8 Other............ $ + 3.8 : $ + 2.4 CURRENT ASSETS... $ 214.5 : $ 174.8 Receivables...... $+ 13.9 : $+ 18.5 Inventories...... $ 148.7 : $ 127.7 Mining Properties $ 948.9 : $1039.2 Deferred TaxAsset $+ 69.3 : $+ 00.0 TOTAL ASSETS..... $1180.7 : $1360.2 Payables......... $+ 36.1 : $+ 45.0 InterestBearing.. $+ 75.3 : $+ 95.3 Provisions....... $ + 0.2 : $ + 0.7 CURRENT LIABIL... $ 111.6 : $ 141.0 Payables......... $ 351.5 : $ 337.0 ? LT-large! InterestBearing.. $ 283.1 : $ 358.4 Deferred TaxLiab. $ + 0.0 : $+ 25.4 Provisions....... $+ 11.4 : $ + 9.6 TOTAL LIABILITIES $ 757.6 : $ 871.4 Note: Int.Bearing $ 358.4 : $ 453.7 Int.Pd.YrEnd.IntB + 11.6% : + 14.5% ? Seems Expensive TOTAL EQUITY..... $ 637.7 : $ 488.8 ............37.5% $ 239.1 ............12.5% $+ 79.7
Amaranth Fund L.P. ('Amaranth') : Over 2% of NNO? announced that it acquired ownership of 23,076,923 special warrants (the 'Special Warrants') of Northern Orion Resources Inc. ('Northern Orion') pursuant to a private placement agreement with Northern Orion on May 29, 2003 at a price of $0.13 per Special Warrant. Each Special Warrant is exercisable to acquire one common share and one half of a common share purchase warrant of Northern Orion. The Special Warrants acquired by Amaranth represent approximately 13.2% of the common shares of Northern Orion, assuming Amaranth exercises only its Special Warrants and the warrants underlying those Special Warrants and that no other Special Warrants are exercised. As advisor to Amaranth, Amaranth Advisors L.L.C. (of the same address) acquired control or direction over those securities. Upon the exercise by holders of all outstanding Special Warrants (and the warrants received upon exercise thereof) into common shares, the Special Warrants acquired by Amaranth would represent 2.3% of the common shares of Northern Orion.
Short History Symbol Report Date Volume Change NNO - T 2003-06-15 8,826,003 2,463,026 The price could edge up while the shorts recover then.... M12
NNO has only recently taken over Alumbrera. Give it time to start tracking WRM. The gap must narrow first, and it started to do so yesterday
NNO Northern Orion name change and 1-for-10 rollback Index: 290 Northern Orion Explorations Ltd NNO Shares issued 188,600,922 Jun 20 close: $0.14 Fri 20 Jun 2003 Change Name, Roll Back The common shares (TSX: NNO) will be posted for trading at the open on Tuesday, June 24, 2003, on a 1-for-10 consolidated basis under the new name
Looks like they move in Opposite directions?
GAP WIDENING (WRM - NNO): C$1.56 - $0.13 x 10= $0.26 GAP
Charts, Quotes: WHT Chart:
SUBJECT: No.Orion should trade at 1/10 Wheaton Posted By: ukboard My math may be a bit hard to follow, but these calculations suggest that Northern Orion should be trading at almost exactly 1/10th the Price of Wheaton River. With WRM at C$1.53, NNO should be: C$0.153 Here's why: Wheaton worth 10x the C$ price of Northern Orion COMPARISON Company...... WheatonR No.Orion %Wrm %Alumbrera... . 37.5%. . 12.5%. 33.3% x1,000....... . 3,750. . 1,250. Shares O/S... . 421 Mn . 952 Mn Price,.....C$ .C$1.50. C$0.14.. Mkt.Cap....C$ .C$632Mn C$133Mn. 21.0% MCap/1.35.US$ . $468Mn .$ 99Mn. Alum.Cost.... . $270mn. $ 90mn. Less: Debt... . $ 90mn. $ 25mn. Other MktCap. . $288mn. $ 34mn. xx.x% %MCp:Alumbrera. . 61.5%. 90.9%. Each Sh.Worth.: . 8.91X. 1.31X Div.%MCp:A..... .14.48X. 1.44X Conclusion: WRM is 10x NNO Value
WHEATON's Income from Alumbrero: Wheaton River Minerals foresees dramatic profit rise from Argentine gold mine TORONTO, Jun 03, 2003 (The Canadian Press via COMTEX) -- (excerpt): Wheaton, which reports in U.S. dollars, received the first cash distribution from its stake in the mine - for $11 million - last week. 'This cheque is important in so many ways, because this project Alumbrera was discovered over 10 years ago, they started construction over eight years ago, it started into production over five years ago and no money has been received by any of the shareholders until last Friday,'said Wheaton chairman and CEO Ian Telfer. 'The next cheque is due in November and by that time we'll own 37.5 per cent of (Alumbrera) so we expect to get . . . about $17 million.' Wheaton, Canada's fifth-biggest gold producer, currently owns 25 per cent of the mine and has struck a deal to expand that stake by another 12.5 percentage points. The company should collect two more $17-million US cheques the following year and two $30-million payments a year after that as Wheaton acquires more of Alumbrera, Telfer said. When the company's bank loans are paid off, probably within three years, Telfer said he expects to receive quarterly payments from the mine. - - - COMMENT: That suggests that NNO should be getting cheques for almost $6 Million
Closing of Special Warrant Financing ... 6/2/03 Northern Orion (the 'Corporation'or 'NNO') is pleased to announce that it has closed its previously announced private placement with a syndicate of investment dealers co-led by Griffiths McBurney & Partners and BMO Nesbitt Burns Inc. and including Canaccord Capital Corporation, Yorkton Securities Inc., Pacific International Securities Inc., Salman Partners Inc. and McFarlane Gordon Inc. (the 'Underwriters'). The Corporation raised aggregate proceeds of approximately US$70.5 million from the sale of 732,751,754 special warrants, of which 47,820,247 special warrants were issued pursuant to the exercise of a portion of the over-allotment option granted to the underwriters. The special warrants were sold at a price of Cdn.$0.13 per special warrant. The balance of the over- allotment option may be exercised by the underwriters to acquire up to a further 110,240,870 special warrants for a period of 30 days following the closing. Each special warrant is exercisable for one common share and one-half of one common share purchase warrant of the Corporation, without payment of additional consideration. Each whole warrant entitles the holder to acquire one common share at a price of Cdn.$0.20 until May 29, 2008.
The placement was: Special Warrants at C$0.13, with maximum 4 months hold. Once the acquisition of 12.5% of Alumbrera happens, the deal closes. And investors get: shares + 1/2 warrants (terms: 5 yrs. at Strike of 0.20?) The 4 months hold will be reduced if/when the acquisition close and a filing happens, say end-June. I think this is a cheaper way into Alumbrera than paying C$1.37 for Wheaton shares, and their is some terrific upside on the Aqua Rica copper project.
Like Wheaton, this has a stake in Alumbrera Northern Orion-NNO Daily, 15 Min.NNO Toronto (t.WRM) : Compare with HUI: DAILY Chart: WHT: US$ quote ... Amex WHT quote ...... vs. Northern Orion ( NNO versus WHT : Wheaton worth 10x the C$ price of Northern Orion COMPARISON Company...... WheatonR No.Orion %Wrm %Alumbrera... . 37.5%. . 12.5%. 33.3% x1,000....... . 3,750. . 1,250. Shares O/S... . 421 Mn . 952 Mn Price,.....C$ .C$1.50. C$0.14.. Mkt.Cap....C$ .C$632Mn C$133Mn. 21.0% MCap/1.35.US$ . $468Mn .$ 99Mn. Alum.Cost.... . $270mn. $ 90mn. Less: Debt... . $ 90mn. $ 25mn. Other MktCap. . $288mn. $ 34mn. xx.x% %MCp:Alumbrera. . 61.5%. 90.9%. Each Sh.Worth.: . 8.91X. 1.31X Div.%MCp:A..... .14.48X. 1.44X Conclusion: WRM is 10x NNO Value Chart Family: Monthly.... /........ Weekly ........ / ........ Daily ......... Long Term Chart: t.NNO - - - - - The Corporation raised aggregate proceeds of approximately US$70.5 million from the sale of 732,751,754 special warrants, Each whole warrant entitles the holder to acquire one common share at a price of Cdn.$0.20 until May 29, 2008. = = = = = LINKS: NNO Website: NNO bulletinboard:
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