Surfboard : Heute + 40 % , neue Adhoc - 500 Beiträge pro Seite

[SOM.you.]

RE: Surfboard

heute wieder + 40 % auf 0,35 AUD.

Sowie ein Company update von heute :


HOMEX - Perth
-------------------------
Update on Status of Operations

MINING ACTIVITIES

The diamond drilling programme at Reward Deeps and Conviction has
been successfully completed on time and under budget. The programme
has confirmed the presence of significant mineralisation in both
deposits. A feasibility study has commenced on mining the deposits by
underground methods. Mining of these deposits would measurably
increase the life of existing operations with consequent revenue
benefits.

At Highway, cracks were observed in the west wall and haul road of
the pit in late August, indicating that a partial wall collapse could
be developing. The state of the wall has been monitored on an ongoing
basis since that time. It now appears that a failure of the wall
could occur, and mining activities at the base of the pit have been
temporarily halted.

Both the Reward and Highway pits have a history of this type of
failure and consequently a second access to the pit using the Reward
access ramp was developed as part of the mine plan. Track access to
the pit will be available within a week via this ramp.

Planning is underway to rectify the problem and maintain production
from the pit. Several options are being evaluated including a cut
back of the wall, which would allow access to all current ore
reserves. There are currently sufficient stocks of ore on surface to
maintain 18 days production and ore in the pit for a further 20 days
production.

FINANCIAL SERVICES TECHNOLOGY PLATFORM

The cash flow generated from the Company`s mining operations are
being used to fund the development and marketing of a financial
services technology platform. During the last 3 months significant
emphasis has been placed, and additional associated costs incurred,
on accelerating the development of the prototype platform.

The first phase of the development process, comprising a share
trading front end and content management products, is in final
testing. Following completion of testing, efforts will be directed
towards installation of the products with third parties.

As a result of the effective completion of this labour intensive
first phase, and taking into account business risks associated with
the development and implementation of new technology products and the
cash flow available for operations in the short term, operating
expenses are being adjusted and transitioned to an estimated range of
$500,000 to $600,000 per month.

OTHER MATTERS

All disputes with a previous director of a subsidiary acquired during
the year, Mr Derek Condell, have been fully settled. Kristine Condell
and her company Austin Condell Pty Ltd have made a claim for
commissions for certain contractors provided during her tenure as a
director of the same subsidiary. This claim has been disputed by the
Company on legal advice. The amounts requested are defined and are
not material.

CASH POSITION

The developments at Reward Deeps and Conviction have the potential of
increasing revenues and extending the life of the involved mines.
However, some time delays are anticipated in revenue receipts in the
short-term as a result of the likely pit wall failure.

The company has current cash reserves of $4.4 million with sales
revenues of approximately $3.1 million expected to be received in
September/October 2000.

The directors remain confident of the Company`s strategy.

For further information please contact Mr Don Hagans or Ms Sandra
Davy on [phone].

J McCormack
COMPANY SECRETARY



Zitat Ende



SOM

[Groucho Marx]

Hallihallo!

Der Chartverlauf ist ja sowas von deprimierend. Bin seit über einem Jahr drin und hätte 175% + realisieren können.

Bitte helft mir: ich hab gestern in der allgemeinen Bärenlaune nachgekauft und überlege sie heute (immer noch mit 30% Verlust)
zu verkloppen. Nicht das ich nichts vom Unternehmen halte - Surfboard steht meiner Meinung nach noch relativ gut da unter den australischen P-Stocks.

Aber trotzdem: die Luft -glaub ich- ist raus. Wie ist Eure Meinung - weiss jemand mehr über den extrem volatilen Chartverlauf (auch die Umsätze waren ja nun nicht gerade gering, so dass von unfairen Kursen ausgegangen werden kann.

Bitte meldet Euch!!!


Euer GRUCH

[S.B]

@ Groucho Marx

Ganz kurz Groucho. in Australien sind die Minen zusamengefallen.
(Quelle: www.fcons.de)

Schau doch mal bei www.fcons.de rein, dort scheint man Infos zu Grange zu bekommen. Kann man auch Fragen an die Redaktion stellen. Wenn Du was erfahren hast, poste es bitte, entweder in deren Forum oder hier. Ich fahr jetzt gleich in Urlaub, melde mich von dort dann wieder.

Viel Erfolg Groucho

S.B