Carlton Res. Share Discussion Threads

[papillon] 17/6/2008 22:45

Thanks for that protean.

[protean] 17/6/2008 20:41

Gets a mention here with the other coal stocks...

[feldspar] 17/6/2008 17:58

Tam i think this is what your talking about on the morning of the offer.

25cent - 29 May'08 - 07:38 - 2665 of 2919 edit


I think in a few weeks time this offer will be worth 80p plus.



GB904150 - 29 May'08 - 07:53 - 2666 of 2919


I think in a few weeks time and with an operational update, CLN would be worth 80p plus.

25cent - are you suggesting CBM will appreciate to 250ish thus making it worth 80p+?

I'll admit - the offer terms are not awful. But how can we know? There is no operational update so PIs are left in the dark, whereas CBM know EXACTLY the future cashflow of CLN.

I think it's a bit annoying the 3.25:1 ratio. At 3:1 I'm certain all would approve.

So valuation still below float price (screwing long-term holders), approx at NAV and almost certainly below NPV (given that all that coal has appreciated 100-200%).

I was hoping for a less screwy offer. The only upside is the fact that CBM are really worth closer to 300p. A few more ticks up in WTN and cashflows from the new simplified structure and I'm certain we'll see that and more.


25cent - 29 May'08 - 07:55 - 2667 of 2919 edit


Yep.

[tam oshanter] 17/6/2008 17:48

well done that person on here who said 'dont sell now (at 62p), this will be 84p soon'. When we got news of 3.25 CBM.
Good shout

[steeplejack] 17/6/2008 16:11

300 with /- to represent 300,000 or the like has long been used by brokers and for that matter antique dealers.Perhaps it's not used by private client brokers but it's most certainly used by institutuional brokers and was long used by me.I don't want to be boring about this, but believe me, i know.

[sportbilly1976] 17/6/2008 15:30

still way, way behind WTn...

[fidra] 17/6/2008 15:28

wonder if we will see $9C to-day,that was the previous high.

[papillon] 17/6/2008 15:24

WTN now over 8.6 on TSE. CLN very, very cheap still.

[lefrene] 17/6/2008 15:05

RAB Capital must be choking on their coffee. To me CLN/CBM are nowhere near reflecting a mining concern that could be making tens of millions a year or two from now. At least we seem to be heading in the right direction today. I'd rather have coal in safe countries with good infrastructure, than oil in Kleptostan.

[remp31] 17/6/2008 14:15

can't believe the discount 2 cbm!

[steeplejack] 17/6/2008 13:51

Hour back they'd marked some £300,000 worth of deals.Now they've marked a million quids worth.Significant jump in last hour but we're not talking about loads of money being traded here.The NMS is only in 10000 shares tops.

[sportbilly1976] 17/6/2008 13:51

lol...me neither..!!

it is just the way they write the '000's on dealing slips, thats all.....

[25cent] 17/6/2008 13:44

Well i have never heard my stockbroker calling 300 thousand pounds three hundred quid? lol
Anyway the volume is 1.2 million times say average 75p making £900,000.

[sportbilly1976] 17/6/2008 13:37

25cent,

he quoted £300/- which in stockbroking speak is £300k

[25cent] 17/6/2008 13:29

Sweet!

steeplejack "mm only traded £300 today"? i alone have traded over 60k today on cln?

[sportbilly1976] 17/6/2008 13:23

at CBM = 275p, CLN should be 84.5p....so it is currently a 6p discount!!

effectivley now buying CBM for 253p....

[steeplejack] 17/6/2008 13:17

I'm not sure the CLN discount to the bid is going to appreciably narrow.It'll reduce as time nears the conclusion of the bid but i guess the thinness of the market-they've only traded some £300/- worth today-means the MMs can control anything outside NMS.SO,you might have to go the full gambit and wait for CBM paper to arrive to get the full benefit of the discount to materialise.No problem.Any discount larger than 5% should be snapped up IMO.
YO!!....correction on the volume assessment ,we're bubbling now.

[lefrene] 17/6/2008 13:09

Unless for some unforseen reason the price of coal falls steeply, I am happy to let the trend be my friend until the market cap of the company bears some resemblence to its assets and potential/actual earning capacity.

[steeplejack] 17/6/2008 13:07

True but 10 mins ago ,they let me top at 75.5 on a 75-77p spread.Strange days indeed.On ADVFN trades it appears as a sell

[remp31] 17/6/2008 12:56

cbm going nuts 260p = 80p cln

[papillon] 17/6/2008 12:19

Higher %age gain for CLN than CBM so far today.

[remp31] 17/6/2008 12:03

cbm breaking out and wtn update due plus inclusion in tse global mining index cbm/cln look in 4 a ride to 300p min

[sportbilly1976] 17/6/2008 11:57

Based on the news released today, a rise to 300-320p on CBM is certainly not out of the question this week.....(and hence 92-98p for CLN)

even then, that lets it trade at a 25% discount to NAV.

[papillon] 17/6/2008 11:51

Only a few weeks or so ago there were posters on this bb complaining that CBM got CLN on the cheap and that CLN was worth a lot more than what CBM was paying. I remember the likes of me and pbracken saying that getting CBM shares in exchange for CBM was a good deal because CBM was so cheap. I posted weeks ago that CLN could be 90p by July because CBM was so undervalued and was due a re-rating. I pleaded with a poster not to sell his shares, and only break even after 4 years, when the bid terms were announced. No one is complaining about getting CBM shares in exchange for CLN now.

[25cent] 17/6/2008 11:09

Breakout on this and very shortly on CBM as well ;-)