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17/7/03-931445603576751117734724292101341
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Date Posted: 27/09/03 12:42:19pm
In reply to:
By the build up from 96c dated the 25/9/03
's message, "Opinions on ERG trading aspect sought A 1 dollar valuation has been obtained dated the 25/9/03." on 27/09/03 12:35:31pm
bonkers
Full Member
Posts: 120
From:
Registered: Nov 2000
posted 09-09-2003 03:02 AM
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Opinions on ERG trading aspect sought--I'm fairly well versed on the fundamentals--in both the immediate and all embracing sense, I combine it with chart. Be interested to hear any ideas or points of view others may have.---BK.
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G
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Posts: 481
From: NSW, Australia
Registered: Jun 2001
posted 09-09-2003 09:51 AM
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ERG has higher lows, but has no higher highs, and is under 180EMA
What it means to me, that while interesting, charts shows some dangers that sideways-downtrend move can continue.
For those who cannot resist to dip their toes into possible breakout, it’s OK but with sound money management.
Stop loss should not be lower than 0.73
For me, paper stop loss will be 0.86 today (after joining recent lows to draw possible up-trend line)
Just my thoughts, not recommendations.
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bonkers
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Posts: 120
From:
Registered: Nov 2000
posted 09-09-2003 04:59 PM
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Thankyou for your reply--I've done sork on the 82-Market Mad have recently brought (3/9/03) out a report on ERG--mentioning the 82 figure.I won't post the report for it is copyright, it does state in opinion bullish atop 82.
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On the 30/10/02 P Fogarty sold 125.000 shares for a consideration of 21,609,80 17.50008 exchanging it into 4,763 convertible notes at a ratio of 90 to 1 ERGG which traded as Ergda (along with everyone elses) with adding up all the lows while it traded ad doing a median average working out to be 76.8 ERG traded at the same time as ERGN adding up all the lows and then doing a median average of it over that period 8.42.12/6/03 ERGN adding up all the lows and doing a median average 8.39 Adding them all together and doing a median average of all three figures 76.8 divide 10= 7.68 8.42 and 8.39 =24.490000000000002 dividing by 3 =8.163333333333334 x 10=81.63333333333334c per share--##rounded 82c##
Regards,--BK.
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bonkers
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Posts: 120
From:
Registered: Nov 2000
posted 10-09-2003 12:12 AM
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NTA minus 17 31/12/02-reported March 03
This report coming up 12/9--approximately a dollar--Melbourne Age 17/7/03. I rang Pattersons and while they wouldn't give me the exact figure they did confirm approx 1 dollar--the below calc is one I've done--based on the number of shares given by the entity on the 23/6/03 9756898573080499.
(writedowns within the next report coming up--the salient thing is though--confined to the 03 year--ERG is profitable with a clean balance sheet--forward from June 30th 03.
The company will report a loss--coming up--it will however show an enourmous improvement on the last result and will be running profitable for fy4. Regards,--BK.
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bonkers
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Posts: 120
From:
Registered: Nov 2000
posted 11-09-2003 02:03 PM
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http://www.sharesguru.com/forum/viewtopic.php?p=4687&highlight=#4687
SanFran 2 MTC votes late September--they next meet on September 24--American time.
http://www.mtc.ca.gov/whats_happening/meetings/mtgsched.htm
9/24/03
Wednesday
10:10 a.m.
Metropolitan Transportation Commission
MetroCenter Auditorium
Regards,--BK.
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bonkers
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Posts: 120
From:
Registered: Nov 2000
posted 11-09-2003 02:11 PM
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An institution recently sold ERG--the selling was completed on the 5/9/03--the average price it sold at was 92c--a range of prices---92 was the average.--BK.
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bonkers
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Posts: 120
From:
Registered: Nov 2000
posted 12-09-2003 03:46 PM
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NTA 36c as at 30/6/2003---expects to receive notice to phase 2 shortly San Fran.--12/9Expect to return to profitability--for 04 year--over the full twelve months. Initial reaction positive to financials by market. 75 million in cash to be received Lazio Rome over the 04 year--remainder 25 mill fy5. 48.3 mill in writedowns contained within fy3--various assets --make provisions dimunition in value a number of current and non current assets.The largest of writedowns is 15.4m in costs previously capitalised against various projects. In market depth as I write support has formed from 91c up--the time of writing is 02:38 pm, 12 September 2003--469,500 .91. The Lazio Rome agreement is subsequent to the end of fy3--30/6/03. A Meaningful Market Move for a stock index is between 3% and 5%. It has resistance at a dollar.
17/7/03-931445603576751117734724292101341
Institution finished selling 5/9/03 average it sold at was 92c
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bonkers
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Posts: 120
From:
Registered: Nov 2000
posted 13-09-2003 04:59 PM
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