Carlton Res. Share Discussion Threads

[crawford] 19/6/2008 14:09

proothi12,
If you want to see full value, you will keep CLN until they convert to CBM in August IMO. Thats what I intend to do.

WTN up premarket I think in Toronto...according to the WTN board.

[ayesha4] 19/6/2008 14:05

just keep adding boys

[remp31] 19/6/2008 14:04

wtn going to break big on tse.can see us shooting past a pound 2day

[ayesha4] 19/6/2008 13:36

Mms asleep. kEEP ADDING

[sportbilly1976] 19/6/2008 13:33

CBM at 309.25 to buy

Buying here at 90p, effectively 292.50p - gap opened up again.....

thank you!

[remp31] 19/6/2008 13:19

cbm moving up.

[ayesha4] 19/6/2008 13:16

proothi12

wait til 110p to sell at least

this is the cheapest way in, I am selling CBM and buying these

[proothi12] 19/6/2008 13:00

ayesha - i bought in at 88.75 what advice do you have for me. See you in CBM bb.

[jonnyboy1] 19/6/2008 12:58

Thats me out been with these since 37p, nihg on 300% is good enough and my CGT bill is just too eye watering to contemplate.

[ayesha4] 19/6/2008 12:56

CLN is the cheapest way into these 3.

I have been buying.

[ppowerscourt] 19/6/2008 12:54

Came across a mention somewhere that suggested buying CBM would be the ultimate coup - bagging CLN,WTN,....and the lot. Hehe.

[lefrene] 19/6/2008 12:23

crawford, At some point the apparent discounts will all catch up, at any rate once the WTN situation resolves itself. At which point I presume things will become stalled for a time while CBM decides what to do next. I'm happy to sit it out at least until the WTN deal is done.

[crawford] 19/6/2008 11:51

I don't think CBM should be trading at much discount to WTN - I posted as much on the CBM bb...

[sportbilly1976] 19/6/2008 11:45

Also, since CBM's rns the share price of WTN has increased by 24%.

CBM's stake in WTN was valued at £3.60 per CBM share - so that now would be £4.47. Even allowing for it to trade at a 25% discoutn to NAV, it would still be £3.35 per share - and that equates to a CLN share price of £1.03.

So still undervalued & I'm still buying....

[steeplejack] 19/6/2008 11:11

300p CBM equals 92.25p CLN.Narrowed discount but still there.

[lefrene] 19/6/2008 09:57

ppowerscourt, I am unsure of the real skills of CBM. At the moment the mining skills seem to be with CLN and WTN, indeed in the early days of CLN some dreadful contracting mistakes were made. If CBM turns its WTN holding into cash then CLN becomes the major actual operating component, and we then have to trust CBM that it spends the money from WTN wisely. Although CLN needs to raise money to continue development I'm sure it could easily do so from a Bank given the outlook for coal prices. While CBM will have cash it will have given up future rewards from WTN production, thus CLN becomes the future prospect but diluted across CBM shareholders. My view is that CBM do a lot bettter out of the deal than CLN. That aside, I notice that CLN much more closely reflects the share price of CBM today, we seem to have lost the discount.

[ppowerscourt] 19/6/2008 09:47

lefrene,

CBM expects to become a producer in the future, thus buying CLN. And by doing so, will be adding CLN's EBG which is also producing.

[lefrene] 19/6/2008 09:32

Odd that a company with enormous assets and potential of its own in my view way beyond its current sp, actually gets to mark pace to another company, that marks pace to another company in Canada. Perhaps once the deals are all done and we become CBM holders the share price will revert to reflecting its own assets/potential. I would rather that CLN was on its own, since I think the assets and future rewards are rather better prospects than becoming a part of CBM minus its WTN holdings.

[steeplejack] 19/6/2008 09:27

We'll wait for WTN on the TSE to determine the day's close.Follow thro' or fall back?

[ayesha4] 19/6/2008 09:08

I am loading up some of these, will be a quid later

[papillon] 19/6/2008 09:05

Very kind of you pictureframe; only sorry you sold up after holding through the bad times. Hope you make up for it elsewhere. Best of luck.

[captain kurt] 19/6/2008 08:36

Sold some on my T-trades...
Never wrong to bag some profit

[pictureframe] 19/6/2008 08:09

Guys, just thought I would pop buy and say well done to those who contiune to hold ;0)

[remp31] 19/6/2008 07:48

took profit on a t20 yesterday.doh!still got a large holding looking 4 1.20 min.that huge volume on tse 4 wtn means deal can't 2 far off.