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Latest CEO Responses

	Code	Question	Response
	PSA	Dear Petsec Management, PSA is curently trading at a significant discount to cash, reflecting the poor sentiment investors have on the Company prospects. Even after going through the company reports, ...	Login or signup to read the answer!
	MPO	Hi Ian, As a small shareholder, I have a few questions I hope you could help clarify regarding MPO's forecast cashflow for 2011/2012 1. In the recent presentation, the "base ...	Login or signup to read the answer!
	COE	Welcome to Cooper David. I have been a COE shareholder since 2007 and remains bullish on our Company's outlook. A few questions regarding the recent announcements: 1. Divestment of Zeta ...	Login or signup to read the answer!
	JIN	Dear Mike, Jumbos latest financial report looks impressive - maiden profit for our lottery business and fundamentally sound. My concerns are that our partners (powerball,lotto = tatts) who are also ...	Login or signup to read the answer!
	DRA	Hi Peter, Does Dragon have any hedging in place and if so at what price? If not, do we aim to be an unhedged producer? Thank you in advance.	Login or signup to read the answer!
	PDN	John, The company's performance have been very disappointing in the last 6 months. Although the Japan nuclear disaster was a temporary setback, much of our underperformance cannot be attributed solely ...	Login or signup to read the answer!
	TAN	Dear Guy, Thank you for your time in advance. I have a few questions on our water business. 1. Does water entitlements have an expiry and/or "renewal" date ? 2. ...	Login or signup to read the answer!
	TAN	Is the water business limited to farmers along the Murray or can our water entitlements be transferred to farmers outside of the river system of our entitlements? For example ...	Login or signup to read the answer!

Latest Questions
Recent Comments
Top Questions

Code	Question	Votes	Posted by	Date
GBE	Dear Mark, GBE is currently trading at 22% below cash backing (That is 10m less 44m in the bank). Whilst I understand that cash is critical for a non-producer, may I suggest a buyback of between 7m and 14m shares at current prices. Less than 5% of issued capital, so not requiring shareholder approval. Current expenditures in total is about $2m a month, on exploration and development and corporate overheads. GBE is fairly illiquid anyway. To buy back any decent amount of shares would have to be done slowly so as not to artificially push the price up. But as part of an overall strategy (keeping cash on hand for Kanyika, drilling other prospects, other farmins/acquisitions, $1-2m isn't much). Also bear in mind that the interest we earn on the $42m ($40m by end of Jan.) is approx. $2.1m pa (which would fund the buyback). It is a very modest amount. But it does add value. It also send a message message to the market about management's belief in GBE's value and says that we are cheap. Buying back shares, well under cash backing, is always highly value accretive per share. Cheers Ken GBE shareholders	3	monopolize	06/01/2012 EDT
EUG	Dear Peter, In the latest quarterly report, the Board states that "It is not the intention of the Board that the primary business of Eurogold will be that of a passive portfolio investor". With cash at less than 1 mil with no positive cashflow, what is our general strategy moving forward to capitalise on future investment opportunities. It appears that EUG is fully invested (excluding future capital raising/taking on debt). Will the Board consider divesting its listed investments? I am very bullish on our investment in DRA, but have reservations in TAM in terms of valuation. I see greater upside and lower risk in DRA with a PE <5. Thank you for your time in advance.	1	monopolize	26/12/2011 EDT
CRC	Hi, congratulations on the announcement today. Just wanted to know if the bank financing is in place (from previous annoucements I understand it was meant to be finalised end of october?) and also when would production start once the last remaining objection is over? Thanks.	1	monopolize	20/12/2011 EDT
USA	Hi sorry for my ignorance about uranium mining. But I'm just wondering if grades are important in the ISR method of uranium mining as your forecast costs are not that much higher than the estimates given by Alliance resources which has the much higher grade Four Mile deposit. Thank you for your attention.	1	monopolize	21/11/2011 EDT
QAN	Dear Mr Joyce, Thank you for standing up against the unions for us investors. Whilst we are in pain with the share price (most likely another dose around the corner), we would like to support QAN executive management for making the difficult decision. May I kindly suggest that you "take one for the team" and be so generous as to forego your $2mil payrise, I am sure that would do immeasureable good to the QAN and "Alan Joyce" good name (The attention from the media globally alone would be worth more than the $2m price tag-albeit funded by yourself personally). Thank you for your attention and I wish management all the best in the coming few months. Your long suffering shareholders.	4	theinflationist	31/10/2011 EDT
REX	Mr Lim, Rex fleet of planes are getting quite old - what is the aircraft replacement schedule like in the next 5 years. When and what are the expected costs? Thank you.	1	infinity	05/09/2011 EDT
PPP	In the last 6months, company is persistently trading below cash backing. Obviously the public are not as excited as we are in our Vietnam prospects. Has the Operator given us a timeframe to the analysis of the data obtained from CRD-2X?	1	theinflationist	03/09/2011 EDT
PPP	Why does PPP need two Joint Company Secretaries? Is this a temporary arrangement.	0	theinflationist	03/09/2011 EDT
GNC	In general, does Graincorp benefit from rising soft commodity prices? I understand that grain marketing involves hedging to mitigate the risks involved. What is the sensitivity analysis for our profits with rising grain prices - ie what is the impact on our bottom line should the price of grain rise (or fall) significantly going forward(and over what time period on average are our hedges)?	2	Friedman	03/09/2011 EDT
GNC	Does the 2011 FY NPAT guidance provided (130-145m) include results from our recent acquisition, German Malt Company? Thanks. Friedman	0	Friedman	03/09/2011 EDT
APN	Brett, APN's performance have been disappointing to say the least. Our share price hit record low last week. I have 2 questions on our recent acquisition. What was the acquisition PE multiple for CC Media, and is Jimungo a profitable business? In the cash flow statement, we paid 3.67m for goodwill and 1.88m for acquisition of controlled entities. Does that refer to the acquisition of both CC Media and Jimungo? Thank you in advance.	0	theinflationist	21/08/2011 EDT
TGR	Hi Mark As a longstanding shareholder and in view of TGR's share price at record lows, I have a few questions for the Company I hope you could address(I understand that the Company is unable to discuss any material information): 1. Do you have a copy of the 2015 Strategic Plan? 2. Given our current depressed share price that is significantly below the $1.90 price target for a Change in Controlling Interest announced in Feb 2011, would the Company reconsider its decision on a change in controlling interest ? 3. Given the stock market crash, this would be a good time for strategic acquisitions - do we have the financial firepower to support an acquisition if there was a potential target? Many thanks for your response in advance	2	monopolize	19/08/2011 EDT
IPR	Graham, The latest report states that the company achieved positive cashflow for the quarter. Is nearmap as a standalone a positive cashflow business? Many thanks for your clarification.	0	theinflationist	17/08/2011 EDT
AAC	Dear Sir/madam, re: operating cashflow Excluding acquisition and sale of assets, is the company operating cashflow positive or negative? (Referring to June HY11 Results recorded a -59m cashflow (including sale of meteor downs and acquisition of Tippery). Thank you for your time.	1	Friedman	13/08/2011 EDT

Code	Comment	Posted by	Date
EUG	still grossly undervalued at 15c (date of posting) based on NTA	monopolize	19/01/2012 EDT
GBE	any updates??	monopolize	19/01/2012 EDT
DRA	I think their hedging may not be a bad thing after all - 2012 will see precious metals correct. Though DRA's previous downfall was thanks to hedging gold at $700 /oz!	plandau	09/01/2012 EDT
EUG	that statement has been in every quarterly report for many years. they are running out of cash - doubt they can do much except ride the gold market via DRA/TAM	Friedman	09/01/2012 EDT
DRA	essentially partially hedged at $1310 at current EUR/AUD rates - will look smart when gold drops below that level - very unlikely in my view. probably dont have a choice as part of banking requirement.	Friedman	09/01/2012 EDT
GBE	dont think gbe should do buybacks. they will invariably need to raise capital in the future for development so why spend cash buying back ?	plandau	06/01/2012 EDT
FXJ	still struggling to clear 80c seems very cheap as they own 60% of trademe worth about 600m. FXJ only has a market cap of 1.7b. monopolize you holding on to fxj?	plandau	06/01/2012 EDT
PSA	yes that sounds right	monopolize	08/12/2011 EDT
JIN	PE 3 - market obviously discounting JIN for some unknown reason.	theinflationist	07/12/2011 EDT
PSA	So ~10m AUD downside if plugged and abandoned -excluding revenue from existing operations, worst case would be 44-10 = 34m in the bank. Thats still 6m above current market cap. Essentially we have a couple of free drills at these bargain prices.	theinflationist	07/12/2011 EDT
PSA	That was prompt! thanks.	monopolize	07/12/2011 EDT
PSA	Please refer to presentation above. Targets moving forward as outlined by presentation above - two arms, conventional and unconventional. The conventional budget is on page 19 - estimate well cost at Ship Wreck Prospect ~ USD13m (100%) - PSA stake 75%. No estimates given for unconventional Shale oil.	DEARCEO	07/12/2011 EDT
AGS	hanging on tight - not sure if the resolution is with quasar or with land native title owners?	monopolize	06/12/2011 EDT
AGS	almost up 100% in 2 days...	infinity	06/12/2011 EDT
AGS	FINALLY!!!	infinity	06/12/2011 EDT

Code	Question	Votes	Posted By	Date
PSA	Dear Petsec Management, PSA is curently trading at a significant discount to cash, reflecting the poor sentiment investors have on the Company prospects. Even after going through the company reports, I am still baffled by the upside potential of our assets, the expected expenditure for FY2012(hence downside risk in the short term), and what our forecast cashflow is (Marathon revenue of $2-3m at previous gas prices expected to offset drilling costs?). Could management please provide more information on the above. Thank you in advance.	1	monopolize	06/12/2011 EDT
CRC	Hi, congratulations on the announcement today. Just wanted to know if the bank financing is in place (from previous annoucements I understand it was meant to be finalised end of october?) and also when would production start once the last remaining objection is over? Thanks.	1	monopolize	20/12/2011 EDT
EUG	Dear Peter, In the latest quarterly report, the Board states that "It is not the intention of the Board that the primary business of Eurogold will be that of a passive portfolio investor". With cash at less than 1 mil with no positive cashflow, what is our general strategy moving forward to capitalise on future investment opportunities. It appears that EUG is fully invested (excluding future capital raising/taking on debt). Will the Board consider divesting its listed investments? I am very bullish on our investment in DRA, but have reservations in TAM in terms of valuation. I see greater upside and lower risk in DRA with a PE <5. Thank you for your time in advance.	1	monopolize	26/12/2011 EDT
GBE	Dear Mark, GBE is currently trading at 22% below cash backing (That is 10m less 44m in the bank). Whilst I understand that cash is critical for a non-producer, may I suggest a buyback of between 7m and 14m shares at current prices. Less than 5% of issued capital, so not requiring shareholder approval. Current expenditures in total is about $2m a month, on exploration and development and corporate overheads. GBE is fairly illiquid anyway. To buy back any decent amount of shares would have to be done slowly so as not to artificially push the price up. But as part of an overall strategy (keeping cash on hand for Kanyika, drilling other prospects, other farmins/acquisitions, $1-2m isn't much). Also bear in mind that the interest we earn on the $42m ($40m by end of Jan.) is approx. $2.1m pa (which would fund the buyback). It is a very modest amount. But it does add value. It also send a message message to the market about management's belief in GBE's value and says that we are cheap. Buying back shares, well under cash backing, is always highly value accretive per share. Cheers Ken GBE shareholders	3	monopolize	06/01/2012 EDT

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