Lyxr $ Frn Discussion Threads

[andy] 29/10/2010 06:39

contrarian,

I hold AXR too, and still feel the best is yet to come there.

SLI doing well, but toppy IMO, so let a few go to bank a very good profit in 8 months of holding.

MEX.V look good IMO, quite a low market cap for the current resources IMO, if they achieve the 400K addititonal they are seeking in the current drill program they will be due a rerating IMO.

As always, we have to wait for Mr.drill first of course.

[riggerbeautz] 28/10/2010 21:51

No doubting it matty, whats the phrase about eggs in baskets. By the way, nice to see you do drift out of Canada for your TSX picks.

[riggerbeautz] 28/10/2010 21:18

Matty often look in here, good of you to flag up TAG, just been reading all their news releases. Great excercise in combining plays, proving up resources and how to reward shareholders, what a story!

[mattybuoy] 28/10/2010 20:38

Thanks :-)

When I'm feeling inspired I may do a list of everything that's been mentioned.

[contrarian2investor] 28/10/2010 19:42

Hi all,

I hold numerous TSX stocks some that might have been mentioned before.
They include the following which I have the most long-term hope for:
AXR:CN
CUU:CN
PDL:CN
SWN:CN
WPX:CN
PCY:CN is my most recent purchase.

I also intend to add CZN:CN (as a long-term holding)to my portfolio in the not too distant future.

Mattybuoy great thread by the way.

c2i

[mattybuoy] 27/10/2010 21:34

Gratuitous 2 year TAO chart ...



This is a stock that has already 30 bagged over the last two years, yet could conceivably repeat the performance over the next two or three. That would be a 900 bagger in total, should it happen, and the resultant market cap would be around $7.5bn. So it's not totally out of the question.

Show me this sort of potential in London please.

[mattybuoy] 27/10/2010 21:27

china,

If you want a less risky heavy oil play (actually oil sands) then Cenovus (CVE - featured in the thread header) is a good bet. They have resources of around 100bn barrels and are known as the leading exponents of SAGD (Steam Assisted Gravity Drainage - current commercial technology, which THAI seeks to supplant).

That's as much oil as BP or Shell, for a bargain price market cap of around $20bn ...

Other smaller players worth a look are Baytex (BTE) or Black Pearl (PXX). Then you also have Ivanhoe Energy (IE) which is trying to develop an in-situ but surface-based upgrading technology called HTL.

[cagey76] 27/10/2010 20:52

Interesting stuff on the MER boards over on Stockhouse.

------------------------------------------------------------
from knowsnothing613

I finally got a response from MER.

RICHARD SCHNOOR
to me
show details 6:06 PM (15 hours ago)

Hello Bobby,
Attached is the company's news release that includes widths andangles. We are expecting more results on Friday or Monday but the labhas been slow. Read my post on V.MER Bullboards under user namericardo13. Call me if you have any further questions.
Regards,
Richard Schnoor, 604-618-9327.


RICHARD SCHNOOR
to me
show details 6:11 PM (15 hours ago)

Hi again,
Drilling has been mainly step out because we want to establish aresource calculation from this drill program. All I can tell you is thatthe project is doing well and call me instead of listening to all theBS on the boards.
Regards,
Richard Schnoor.
------------------------------------------------------------



------------------------------------------------------------
Post from ricardo13 .. as above

This project has shown that all results point to a sizeable, high-grade gold deposit. All seven drills holes have hit the system and at least 23 more hole are either in the lab or on their way to the lab. I became involved with Meritus in March when the company was virtually unknown. I met Terry Bates in Toronto and realized that he was a serious and competent geologist that had managed to acquire a world-class gold property in Northern Mongolia. Previous work by Troy Resources[C.TRY] had intersected high-grade gold with good widths at shallow depths. Troy was starting up mines in South America and had too much on their plates. Terry managed to virtually pull a rabbit out of a hat and acquired 80% from Troy and the remaining 20% from a Mongolian consortium. I was encouraged to become involved by Ken Thorsen after he viewed the reports available from Troy. The mining analysts and engineers that I have spoke to all think this is a project that has the potential to develope into a mine. It's near the surface, open-pittable and close to water and electricity. Yes, more drilling is required to establish a resource calculation and there are six other targets on the property that have high-grade gold results through float sampling. This is still at the speculation stage but as more results arrive we can then define a resource that could very well be large enough to move to the feasibility stage. I am excited about this project and retired from a full-time job in order to dedicate the time required to make Meritus a successful company. We are going through a high growth period at the moment and have added Ken Thorsen, former President of Teck, to our team. For further information call me at: 604-618-9327.
Regards,
Richard Schnoor, Corporate Communications for Meritus Minerals Ltd.
------------------------------------------------------------

[chinahere] 27/10/2010 18:23

Thanks for the researched reply Matty.

I really must find the time to read up more about these heavy oil plays as I can see that they could be huge.

[mattybuoy] 27/10/2010 16:33

TAO rattles the tin, in some style.

At 8am they raised $43.5m:



Then at 10.20am, due to "strong investor demand", they tacked on another $10m for luck:



It's a bought deal priced at $5.20 per share, with no warrants and the FD shares out afterwards will still be only 55m. The funds will be used to accelerate the exploration and development programs in both basins.

Another company selling new stock into a rising market ... :-)

[mattybuoy] 27/10/2010 11:58

Not necessarily. PBG just bought out their partners in two Canadian heavy oil projects for $15m, which added a potential 80m barrels of reserves. These barrels are not worth a lot without THAI or equivalent process. That's the idea - the technology extracts the value from currently "stranded" underground heavy oil and oil sands.



It's the exact same business model as Linc Energy is pursuing with UCG. The technologies are very analogous, and nobody believes in Linc either as you can see from the market cap which is below it's cash NPV.

The oil majors are very conservative, if not actually stupid. It's a bit like when Microsoft and Apple stole the computer industry from IBM back in the 80s. Or at least that's my hope.

As to who owns the most heavy oil, on a world-wide basis it's the NOCs. Canada is the only Western country with large resources but ownership is very fragmented.

Petrominerales is the toe in the door for the South American heavy oil belt. This stretches across Venezuela, Colombia, Peru & Ecuador, and in total is the largest accumulation of oil on the planet. Tricky politics, but the prize is stupendous.

[chinahere] 26/10/2010 22:46

Just watched that Petrobank video. Although I'm sure you'll do very well with them if it works, I reckon there would be better returns from the actual producing companies using this sort of technology.

Any suggestions on the best licence holders of this type of heavy oil?

[mattybuoy] 26/10/2010 10:13

Since the Meritus website is rarely updated, it is worth keeping up with filings on SEDAR.



For example, there is a voluminous NI 43-101 Technical Report dated Oct 12 2010.

There is an intelligent poster on Stockhouse (yes they exist) who is very excited by this report. I think it's something to do with the "orogenic targets", whatever that means ... :-)

[mattybuoy] 25/10/2010 20:58

The "Adventurous Investor" is not wrong. Mongolia will be a boom worthy of the history books IMO.

Gulfside Minerals (GMG.V) is one that might be worth a punt as a very risky "turnaround play".



As you can see it's done nothing but go down. I'm not really sure why (it seems a bit complicated), but there are some substantial coal assets in the company. If these can get unlocked in some way then the recovery might be quite interesting.

Or the thing might just fizzle out and get taken out by someone for tuppence ha'penny of course. DYOR

[cagey76] 25/10/2010 18:39

Yep, still in here, the latest drill results seem positive. I presume the price is getting tinkered with, lots of deramping over on Stockhouse.

The Adventurous Investor column in this weekends FT talks up Mongolia. Entree gets a mention.

[mattybuoy] 25/10/2010 18:33

Yep. I'm sticking with it though, or at least until they revamp the website ;-)

[cagey76] 25/10/2010 18:29

MER is a bit of a rollercoaster ride.

[holism] 25/10/2010 07:10

Forgive me Mat you highlighted TPJ some years ago, looks as if its coming to life.

[mattybuoy] 22/10/2010 15:22

I don't follow KEA, but I know they are also in the Taranaki basin.

It's a prospective area ... :-)

[jonno1] 22/10/2010 14:51

seen the KEA news Mattybuoy?, how close are they to TAO?

[mattybuoy] 22/10/2010 14:15

TAO roars through $6 ...

Market cap $240m now.

:-)

[cagey76] 22/10/2010 07:36

Nice looking technology, its the sort of share that would be a great place for me to dump a decent profit off an exploration play, if you catch my drift.