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Publications

A core strength of Martin Place Securities is our knowledge of resources and commitment to indepth resource research.

Care has been taken to ensure that opinions and information are accurate as at the date of release of each report, but once released, reports are not updated. Changes in recommendations may arise because of corporate developments, price changes and market conditions. These changes will not be reflected in the research notes.

Martin Place Securities

An Outlook for Gold [updated]
Release Date: July 20, 2010
Publication Type:Presentation
Author:Barry Dawes
726kb

Updated presentation slides from the 'An Outlook for Gold - US$5,000/oz??' given by Barry Dawes, Managing Director of Martin Place Securities, in Sydney on the 20th July 2010

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Martin Place Securities

An Outlook for Gold - US$5000/oz??
Release Date: June 18, 2010
Publication Type:Presentation
Author:Barry Dawes
606kb

Barry Dawes, Managing Director of Martin Place Securities, presented at the Resources Investment Expo in Brisbane on Friday 18th June.

"The close of gold above $1,240 for a new closing high marks the first real evidence of monetisation of the worlds public debt and should lead to significant upward moves in gold prices together with most commodities. The likely outcome is a very strong gold price that is likely to be measured in the $1,000's of dollars over the next few years."

A short video has been created on this for those that missed the presenation, and can be watched on our MPS TV page or on our MPS youtube channel

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Petsec Energy Ltd PSA

Petsec Energy Investment Research
Release Date: June 2, 2010
Publication Type:Research Report
Author:Barry Dawes
Andrew McLeod
844kb

In the Gulf of Mexico, PSA is embarking on a new stage of development by acquiring 8 new leases and targeting 16 new prospects to augment current production from 8 offshore and 3 onshore leases. These new prospects have targets which are larger and potentially more risky than most of PSA's previous GoM targets, but are likely to have higher condensate-to-gas ratios which will give better operating margins. Betw/een 3 and 5 wells are to be drilled in 2010. The base case GoM NPV10 is A$118m, but additional exploration success could add significantly more value to PSA. The first drill target, Jenny Lake, in the Main Pass 20 lease, is currently being drilled.

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Martin Place Securities

Snap Shot May 2010
Release Date: May 28, 2010
Publication Type:Investment Summary
Author:Barry Dawes
305kb

The latest look at Australian resources and the effect of the Rudd Governments proposed Resources Super Profit Tax from Barry Dawes...

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Martin Place Securities

An Outlook For Gold
Release Date: May 17, 2010
Publication Type:Presentation
Author:Barry Dawes
1614kb

Slides from the presentation delivered by Barry Dawes at a Martin Place Securities seminar "An Outlook for Gold"

A short video has been created on this for those that missed the presenation, and can be watched on our MPS TV page or on our MPS youtube channel

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Martin Place Securities

Energy Sector Outlook 2009-10
Release Date: April 19, 2010
Publication Type:Presentation
Author:Barry Dawes
726kb

Presentation slides from the 'Energy Sector Outlook: 2009/10" delivered by Barry Dawes to the Excellence in Oil and Gas conference held in Sydney, April 2010

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AusLicense Ltd

AusLicence Investment Note
Release Date: March 22, 2010
Publication Type:Investment Summary
Author:Martin Place Securities
520kb

Unlocking Australian innovation

  • Australia’s universities and research organisations are constantly making globally important discoveries
  • A significant number of these innovative discoveries are locked within research organisations for lack of commercialisation
  • AusLicense will identify important innovations that are rich in intellectual property (IP), manage the commercialisation process and bring projects to market
  • Shareholders in AusLicense will gain access to license income from upfront fees, milestone payments and royalties from projects managed by AusLicense
  • AusLicense will provide investors with an annuity‐style return in the form of annual dividends

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Martin Place Securities

An Outlook for Australian Resources
Release Date: February 23, 2010
Publication Type:Presentation
Author:Barry Dawes
498kb

Slides from the presentation "An Outlook for Australian Resources" delivered by Barry Dawes at the Australian Resources Conference (ARC) USA in Denver in February 2010

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Martin Place Securities

Introduction: Australian Resources Conference USA Presentation
Release Date: February 22, 2010
Publication Type:Presentation
Author:Barry Dawes
86kb

Slides from the Introduction Presenation given by Barry Dawes at the Australian Resources Conference (ARC) USA held in Denver in February 2010

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Gold Anomaly GOA

Gold Anomaly Investment Research
Release Date: February 11, 2010
Publication Type:Research Report
Author:Andrew McLeod
Howard Humphreys
319kb

Key Points

  • PNG and Brazilian gold projects near production.
  • Multimillion ounce exploration potential at Crater Mountain.
  • Wide intersections [+100 m] at over 1.5g/t Au at Crater Mountain.
  • Low cost, small scale operations planned for each project.
  • Production cash flows to finance exploration at Crater Mountain.
  • Near term target of 20,000oz pa in both Brazil and Papua New Guinea.
  • MPS has a base NPV of $A0.043 per share with exploration upside.

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New Guinea Energy Ltd NGE

New Guinea Energy Investment Research
Release Date: February 5, 2010
Publication Type:Research Report
Author:Barry Dawes
Wen Jie He
Howard Humphreys
925kb

Key Points:

  • PNG now a world class hydrocarbon province.
  • NGE has the largest onshore tenement area in PNG (51,800 km2).
  • Risk adj. resource target > 505MMboe from un‐risked 2,500MMboe.
  • Risk adjusted base exploration value> A$500m (A$0.75/share).
  • Talisman Energy Inc is a key farm‐in partner in PPL 268 and PPL 269.
  • Success at PPL 269 Sepalosiphon worth A$1,058m (A$1.59/share).
  • Success in PPL 267 Panakawa worth min A$124m (A0.19/share).
  • Major international corporate rationalisation underway in PNG.

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Falcon Oil & Gas Australia Pty Ltd

Falcon Oil & Gas Investment Summary
Release Date: January 18, 2010
Publication Type:Investment Summary
Author:Martin Place Securities
640kb

Beetaloo Basin discovery potentially the most significant onshore oil and gas field in Australia.

  • Falcon Australia’s Beetaloo Basin Project is 600 km south of Darwin
  • Shenandoah-1 encountered multi zone oil and unconventional gas
  • The Project’s four permits cover over 28,000km2
  • Ryder Scott estimates unrisked recoverable potential of Beetaloo
  • Basin as 19.1 Bbls oil and 63.9 TCF natural gas
  • Falcon Australia owns 100% of Basin
  • Renewed drilling programme proposed for 2010
  • Listing expected in early 2010

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Orocobre Limited ORE

Orocobre Research Update
Release Date: January 11, 2010
Publication Type:Research Report
Author:Wen Jie He
Howeard Humphreys
124kb

ORE has acquired around 42,250 ha of land at its Salar de Olaroz Lithium-Potash Project. The acquisitions cover land that is located around the existing project and increase ORE’s tenement holding to 64,250. Importantly, the tenements ORE has acquired are located directly adjacent to Olaroz’s resource area. The four main packages of land are called The Los Andes Group, Mercedes III, Viento Blanco and Cateo 498-B-2006...

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Disclaimer

Our research notes have been prepared with all reasonable care and are not knowingly misleading in whole or in part. The information is obtained from sources which we consider to be reliable but its accuracy and completeness cannot be guaranteed. The opinions and conclusions given are those of Martin Place Securities Pty Limited and are subject to change without notice.

Clients are advised that Martin Place Securities Pty Limited and/or its directors and employees may have already acted upon the recommendations contained in the research notes or made use of all information on which they are based. Martin Place Securities Pty Limited is, or may be providing, or has, or may have, provided within the previous 12 months, significant advice or investment services in relation to some of the investments concerned or related investments. Recommendations may or may not be suitable for individual clients and some securities carry a greater risk than others. Clients are advised to contact their investment advisor as to the suitability of each recommendation for their own circumstances before taking any action.

No responsibility is taken for any losses, including, without limitation, any consequential loss, which may be incurred by clients acting upon such recommendations. The value of securities and the income from them may fluctuate. It should be remembered that past performance is not necessarily a guide to future performance.


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