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Everything posted by frankmal

  1. From todays Google News (Australia)... Antarctic ice growing, not shrinking 18 Apr 2009, 2127 hrs SYDNEY: New analysis has indicated that contrary to the belief that there is large-scale melting of ice over most of Antarctica, ice is actually expanding in a large portion of the continent. Antarctica has 90 per cent of the Earth's ice and 80 per cent of its fresh water. Extensive melting of Antarctic ice sheets would be required to raise sea levels substantially, and ice is melting in parts of west Antarctica. The destabilization of the Wilkins ice shelf generated international headlines this month. However, according to a report in the Australian, the picture is very different in east Antarctica, which includes the territory claimed by Australia. East Antarctica is four times the size of west Antarctica and parts of it are cooling. The Scientific Committee on Antarctic Research report noted that the South Pole had shown "significant cooling in recent decades". According to Australian Antarctic Division glaciology program head Ian Allison, sea ice losses in west Antarctica over the past 30 years had been more than offset by increases in the Ross Sea region, just one sector of east Antarctica. "Sea ice conditions have remained stable in Antarctica generally," Dr Allison said. The melting of sea ice - fast ice and pack ice - does not cause sea levels to rise because the ice is in the water. Sea levels may rise with losses from freshwater ice sheets on the polar caps. In Antarctica, these losses are in the form of icebergs calved from ice shelves formed by glacial movements on the mainland. Dr Allison said there was not any evidence of significant change in the mass of ice shelves in east Antarctica nor any indication that its ice cap was melting. "The only significant calvings in Antarctica have been in the west," he said. Ice core drilling in the fast ice off Australia's Davis Station in East Antarctica by the Antarctic Climate and Ecosystems Co-Operative Research Centre shows that last year, the ice had a maximum thickness of 1.89m, its densest in 10 years. The average thickness of the ice at Davis since the 1950s is 1.67m. A paper to be published soon by the British Antarctic Survey in the journal Geophysical Research Letters is expected to confirm that over the past 30 years, the area of sea ice around the continent has expanded. http://economictimes.indiatimes.com/Global...how/4418558.cms ________________________________________________________________________________ ______
  2. Yes, I also agree with the recent comments. Also please excuse the typographical errors in my previous post...while I was editing it, the blasted message got sent, with typing errors and all...my apologies, Frank
  3. Hi Rio, I have my opinions on this subject, and you obviously have yours, and good luck to you. However, in your reply, are you seriously implying that 'experts' and 'lobbyists' (using your words) are currently not being employed to bolster the apocalyptic 'pro rising sea level theory'; and that this is solely the exclusive reserve of those who consider rising sea level as a hoax and as an alarmist theory? Dr Moernen (the former head of the Paleogeophysics and Geodynamics department at Stockholm University, irrespective of his other opinions) is by no means the only academic to hold such a dissenting view. i.e Google under the topics of: 'Rising Sea Level Hoax', and 'Global Warming Hoax'. Here it is interesting to learn that although Antarctic sea ice is melting/breaking away on the edges of Antartica, the ice sheet is actually thickening/increasing over the the Antartictic interior land mass. In the interests of providing balance on this forum, I include another countering argument below, for the educational use. I hope you and other readers find it interesting reading. URL link is: http://www.michelsauret.com/Michel%20Saure...ing%20Hoax.html Rising Questions (The Convenient Hoax of Global Warming) by Michel Sauret That funny feeling of Eureka smacked me across the face like a snowball bursting against my cheek. How obvious! I thought, running to the kitchen sink with giddiness and excitement drumming a fingertip vibration up to my throat. I snagged a drinking glass out of the cupboard and set it down in the sink. From the freezer, I snatched an ice tray and twisted it my hands. The cubes popped and cracked loose from the plastic. Tossing ice into the glass, some cubes flew in the sink, swooping left and right like snowboarders on a half-pipe, finally stopping as they clinked against one another. This would be the experiment of all experiments. Simplicity and common sense at their finest. It would trump the discovery of liquid butter in a spray bottle. It would be more glorious than the retractable dog leash. More promising than toenail clippers. This experiment would deliver us all from absurdity. With the glass filled with ice cubes stacking like an awkward tower, I poured water into it from the faucet. The level rose to the top, the ice cracked and swirled and floated. I filled the glass until it couldn’t hold a single other drop. The ice mass bobbed, forming a miniature iceberg, jutting out of the water’s surface like a bruised thumb. Carefully, I placed the glass at the center of a bowl, with a hand-written note next to it: “Important Experiment. Do not touch!†I jumped back into bed and let time run its course while I slept. In the morning, the ice had melted. The water level had dropped a full millimeter. “Heather!†I shouted for my girlfriend, who had kept me warm company through the night. “Look!†I told her, pointing at the glass. She glanced at the glass of water with half-dazed eyes, rubbing the side of her face, tossing her curly hair into a messy bunch. Her lips stopped at mid-yawn. “It’s water,†she said, unimpressed. “Touch it. Touch the bottom of the bowl. There’s no spilled drops.†She did. She tapped the bowl with one finger, felt its dryness, and waited for me to explain. I couldn’t contain my grin. I couldn’t hold in the sheer genius of it allâ€â€ÂÂÂÂlike some heavy relief. “Ice,†I said, as if the word were enough to explain it all. “When ice in water melts, it displaces itself. It takes up less space. The water level drops. It doesn’t rise. It drops.†“So?†“So… if Antartica and other massive icebergs were to melt away, the sea levels would drop, too. There wouldn’t be any catastrophic floods! Don’t you see? It’s so obvious now. Gore’s in it for the money.†“You’re an idiot,†she said and headed to the bathroom to brush her teeth. Okay, so perhaps my own scientific research wasn’t enough to debunk the Apocalyptic view of Global Warming on its own. A glassful of melted ice didn’t exactly stand up against computer models and pages of data. My sea level representation didn’t account for water evaporations, atmospheric densities, or the land-massed icecaps that could melt into the oceans. Except, the basic principle at hand was obvious. In Al Gore’s environmentalist porn flick, “An Inconvenient Truth†he tries to prove how our industrial world of fossil-fuel consumption is causing excessive amounts of carbon dioxide emissions, said to boost the Greenhouse Effect, turning the Earth hotter. In his case, warmer temperatures mean melting ice, and thus floods across Florida, Manhattans, and other low-level populated areas. “It’s complete scientific nonsense,†said Dr. Timothy Ball over the phone. His voice was peppy for his old age and a pleasure to listen to despite the static. He was calling me from Alberta, Canada after a short email I had sent him that day. Dr. Ball has a Ph.D. in climatology from the University of London, has taught at the University of Winnipeg for over 28 years and is one of the leading scientists speaking out against the Global Warming folly. “One of the factors that people forget is that most of the ice is already in the ocean, and so if you understand Archimedes’ Principle, when that ice melts it simply replaces the space that the ice occupiedâ€â€ÂÂÂÂeven if the ice caps melt completely.†The Principle basically shows what my little experiment had proven over night. When water freezes, it takes up more space. That’s why a Pepsi bottle explodes if you leave it in the freezer too long. When ice melts, its mass decreases in volume. Mathematically, sea levels would not rise twenty feet as claimed by most Global Warming alarmists, but only seventeen inches at most. This is because only mountain tops and land-based icecaps would add to ocean waters, once melted. The question is: How come the Gulf of Mexico and islands like Tuvalu have faced rising waters? “Sea levels have been rising for the past 10,000 years,†said Dr. Ball. “In fact, 8,000 years ago, sea level was almost 500 feet lower than it is today.†Dr. Ball enjoys reminding people that the Vancouver Island once used to be attached to the mainland of British Columbia. This rise has happened for several reasons, one of which is because the Earth’s two uppermost layersâ€â€ÂÂÂÂlithosphere and stratosphereâ€â€ÂÂÂÂhave been shifting constantly over time. This causes isostasy, a change in land elevations due to balances in the Earth’s crust. Should we blame ourselves for that, too? Talking to Dr. Ball on the phone, I couldn’t help but chuckle at all of the contradictions ignored by Global Warming theorists. Not as funny, however, was the fact that Dr. Ball received six death threats in the past months because of his stance on the topic. One of the emails told him he would be dead before Global Warming’s takeover. “Too many good scientists are scared to speak out, and it’s having a chilling effect. Some of them are being shunned into silence,†he said. In part, this is why the so-called “scientific consensus†of Global Warming has gone unchallenged for the past ten years. The question of man’s impact on our climate was first brought up in 1997, by the hand of the famous Kyoto Protocol. The protocol called for industrial countries across the globe to reduce their greenhouse gas emissions, making carbon dioxide their primary target. Since then, major political leaders have claimed that most scientists agree with the Protocol’s findings. In his movie and on his tours, Al Gore treats the consensus as an oracle, like some kind of glorious authority that tells us the catastrophes we will face if we don’t change our ways of living. The truth is that a consensus is a matter of opinion, not a matter of scientific fact. Before Christopher Columbus sailed across the Atlantic Ocean, the consensus said the Earth was flat. Today the consensus is held high on a pedestal. Untouchable. This is because scientists who oppose this man-to-blame mentality face a rough opposition when trying to get published. The general reaction to their argument is, “How dare you speak out against the consensus?†Luckily, not everyone is so easily intimidated. One fact that receives little publicity is that, between 1999 and 2001, the Oregon Institute of Science and Medicine gathered over 17,800 verified signatures of scientists who opposed the consensus. The cover letter to the petition was penned by Frederick Seitz, a former president of the National Academy of Science. “I don’t know of a single meteorologistâ€â€ÂÂÂÂand I’m sure that there are some, but none that I know ofâ€â€ÂÂÂÂwho believes man is to blame for Global Warming,†said Bernie Rayno with rapid-fire sentences and words slicked with suspicion. Rayno is an expert senior meteorologist and executive producer of video broadcasting for AccuWeather, Inc. The incorporation is one of the world’s leading weather authorities providing local forecasts for over two million locations worldwide. As a meteorologist, and a computer model expert, Rayno explained how unreliable these models can be when predicting the Earth’s climate across years, or even decades. Such models can’t account for all of the complicated atmospheric factors, the most unpredictable one being the sun’s constant change in radiation and volcanic activities. “We can’t even trust computer models to give us the weather beyond twenty-four hours, but suddenly we’re to believe a model that goes into years?†he said, scoffing at the idea. “It’s nearly impossible to catch all the factors or details. Computer models aren’t perfect. If they were perfect, you wouldn’t need guys like me to interpret them.†Another problem with the data we have is that it can’t go back in time far enough to show if today’s temperatures aren’t part of some global cycle. One thing we know for sure is that there have been at least six major ice ages over the course of the Earth’s history. How did each of those ice ages end, and what’s caused them to melt away? Some environmentalists argue that in the past one thousand years the climate was mild until the last century. This claim is absurd considering that just seven-hundred years ago we came out of the Medieval Warm Periodâ€â€ÂÂÂÂduring which Scandinavian settlements thrived in Greenlandâ€â€ÂÂÂÂfollowed by the Little Ice Age, beginning in the 16th century. These ups and downs of climate shifts had nothing to do with driving escalades and flying private jets, so why should that be different today? I don’t like dwelling on conspiracy theories because they fix issues into black-and-white arguments, but some questions won’t stop pestering me. Why are political activists pursuing this issue with such blind faith, despite the science and common sense going against them? Why is it so critical to blame man for our upcoming doom instead of chucking the problem up to God or Mother Nature? One answer is that God doesn’t pay taxes; Man does. It’s interesting how environmentalists accuse skeptics of being paid by oil companies when scientists who holler “Global Warming!†get their own share of grants. These grants have strong political ties, and the government agencies who fund them know that payday is just around the corner. Look at California. Look at New Zealand. The idea of a Global Warming Tax is spreading like hot butter across toast as the solution for cutting energy consumption. If political groups can make us feel guilty about destroying our world and humanity, we won’t object as much when new taxes come steamrolling by. After all, it’s for a good cause. I’m not saying we should fight back against this environmentalist frenzy by mowing down trees, punching caribou in the face, or dumping oil barrels into the rivers. Taking care of the Earth is critical if we want to make best of our resources. Thing is: Those who fight to protect our environment have their hearts in the right place. Problem is: Their minds are skinny-dipping with polar bears and baby seals, nowhere near the tides of logic. All I’m saying is to raise a few questions. Dig deeper into the research. Melt some ice cubes in a damn glass of water if you need to. Just don’t let the political frenzy swoop you away from shore. The tides will come and recede. Just remember that this is nothing new. RESOURCES: Dr. Timothy Ball: Bernie Rayno: General information about Global Warming: www.friendsofscience.org Essay debating Global Warming: “The Global Warming Folly†by Zbigniew Jaworowski, M.D., Ph.O., D.Sc. www.sitewave.net/news/s49p1523.htm Scholar essay arguing against Global Warming misconceptions: “Are observed changes in the concentration of carbon dioxide in the atmosphere really dangerous?†by C.R. de Freitas www.friendsofscience.org/documents/deFreitas.pdf Dr. Timothy Ball interview with Tribune Review: www.pittsburghlive.com/x/pittsburghtrib/news/mostread/s_492572.html Other general information: www.wikipedia.org Common Sense s matter, as I feel
  4. More interesting reading...again make up your own mind. Rise of sea levels is 'the greatest lie ever told' by Christopher Booker in the 'telegraph.co.uk', 28/03/2009 Part of the article is reproduced below for forum/educational/discussion purposes... '...if there is one scientist who knows more about sea levels than anyone else in the world it is the Swedish geologist and physicist Nils-Axel Mörner, formerly chairman of the INQUA International Commission on Sea Level Change. And the uncompromising verdict of Dr Mörner, who for 35 years has been using every known scientific method to study sea levels all over the globe, is that all this talk about the sea rising is nothing but a colossal scare story. ' The link to the full article is provided below; open the url link and scroll down the page to find it. http://www.telegraph.co.uk/comment/columni...-ever-told.html
  5. THE GLOBAL WARMING HOAX http://www.wnho.net/global_warming.htm interesting reading...make up your own mind.
  6. 10 March 2009 ASX RELEASE Highly Encouraging Carina Metallurgical Results Yilgarn Iron Ore Project • High lump recovery of up to 68% • Excellent calcining potential to >65% Fe • Physical and thermal properties typically better than industry standard requirements • The ore quality and properties of the Carina product are comparable to other Australian iron ores making it readily marketable http://www.polarismetals.com.au/upload/doc..._Metallurgy.pdf
  7. Oropa Limited ASX ANNOUNCEMENT 19 January 2009 BLACKWOOD CAPITAL LIMITED - FUNDING PACKAGE We refer to Oropa Limited’s (“Oropa or the Companyâ€ÂÂÂÂÂ) announcement dated 31st December 2008 concerning the appointment of Blackwood Capital Limited (“Blackwoodâ€ÂÂÂÂÂ) as lead arranger to complete a funding package of up to $2.0 million for the Company prior to 31st March 2009. The Company is still in negotiations with Blackwood in relation to the final details of the funding package and expects to be in a position to make an announcement within the next week and convene a General Meeting of shareholders in late February. Since entering into the arrangement, the Company has received $266,000 from sophisticated investor clients of Blackwood, which is being used for ongoing working capital requirements. As outlined in the 31st December announcement, the directors have engaged Blackwood in this role to enable Oropa to resume exploration activities at its 75% owned Pungkut gold project in Sumatra, Indonesia and to provide much needed working capital. The timing of the funding initiatives proposed by Blackwood is critical to the ongoing viability of the Company. Oropa’s directors consider that securing the proposed $2.0 million funding package will facilitate the undertaking of the initial phase of the ongoing Pungkut development programs while the Company sources additional substantial funding to advance the project towards feasibility. Yours faithfully, OROPA LIMITED PHILIP C CHRISTIE Director
  8. A bit of optimism for a change... Some Positives For Iron Ore FNArena News - January 08 2009 By Chris Shaw link to article is here: Some Positives For Iron Ore http://www.fnarena.com/index2.cfm?type=dsp...152AB38E6DC057E
  9. In reply to: flower on Saturday 06/12/08 11:49am flower, 'Ruthless short-selling sharks' operate from many bases in the world, Australia, USA, UK, included . This activity and its source is not confined to the narrow selection of countries mentioned in the Canada related article. I hope you are not trying to imply that 'overseas' short selling pressures are being exerted solely and exclusively by operators based and located from only those countries mentioned in the lifted paragraph article, (posted by the member 'Twobees' at the Commodities thread, originaly written by author G_Arenberg), while failing to make mention of the many other country based operators/(hedge funds) engaged in the practice, some working from very close to home.
  10. QUOTE (jons @ Monday 03/11/08 01:15pm) A close source contacted Southern Gold's Adelaide office earlier today. During the telephone conversation, the company receptionist stated that she was not aware of any Southern Gold staff being retrenched, or rumours to that effect. Instead, she indicated that some Southern Gold personnel were possibly about to be utilised in projects at Southern Uranium's arm of operations. Perhaps this may clarify things. Also concerns about increases in directors' salaries were both welcomed and noted and will be forwarded on to directors. Regarding any other matters, I suggest you telephone their Adelaide office.
  11. Found this article in The Australian - business section...released prior to the AR http://www.theaustralian.news.com.au/busin...2-15023,00.html October 13, 2008 SOUTHERN Gold is said to be undervalued and is being listed as a "speculative buy" by Hartleys. Southern Gold - a geographically diverse explorer with a suite of projects primarily focusing on gold and base metals - has a large, highly prospective ground holding in Cambodia. Though exploration is still at a relatively early stage, the Japan Oil, Gas and Metals National Corp (JOGMEC) has entered into an earn-in joint venture with SAU and is contributing $4.5 million to earn 51 per cent of three of SAU's seven licences in the country. Removing cash and its $2.3 million investment in SNU, Southern Gold has an enterprise value of around $9 million. The $4.5 million expenditure by JOGMEC implies a value of $4.3 million for SAU's share of the three Cambodian joint venture tenements. “Given this, we believe that Southern Gold is significantly undervalued, particularly considering the exploration potential of its projects,†Hartleys said in a note to clients. Its Challenger Area project covers around 5000sqkm. Four tenements are held 100 per cent by SAU, and eight are in a joint venture with Dominion Mining, where Southern Gold can earn up to an 80 per cent interest. Encouraging results to date (including 12m at 7.6g/t gold) on a number of prospects indicate excellent potential for another Challenger style deposit, the most advanced of which is the Golf Bore prospect. The company will also have a number of drilling programs in the near future, as well as a Golf Bore resource in early 2009, leading to a strong news flow over the coming months. Southern Gold Ltd (SAU), Hartleys, Speculative buy, No price target, Last traded at 7c n.b. Am concerned at reading in the online Annual Report about directors increasing their annual salaries since previous year despite the prevailing economic down turn, and tight cash position of the company
  12. Found these articles in today's e-news. Hope they help with this forum thread/discussion and are of some educational benefit... Investment in reverse: Short-selling explained ABC News Posted September 20, 2008 01:00:00 Short-selling, temporarily banned on some stock markets in steps to halt a downward spiral of prices and confidence, is a financial operation which at first sight appears to defy logic. Most people's idea of an investment is to buy an asset which is expected to rise in value, and then pocket the gain generated by that increase or in the form of interest or dividends, or sell it later for a capital gain. In short-selling, however, investors seek to make money from a fall in value. The trick is to borrow the item in question - in most cases company shares, or other securities - from an institution, with the promise of giving it back at a later date. Once the loan has been granted, the investor sells the asset immediately and waits for the price to drop. When, or rather if, that happens, the operator then buys back the assets at the new lower price, returns them to their original owner and pockets the difference. Needless to say, if the price does not fall as expected, the short-seller is in trouble, which is why the technique is risky. In times of market turbulence, as at present in most world markets, short-selling can appear to be a one-way bet and amplify a downward tendency, creating a self-fulfilling price full. Furthermore certain types of short selling are illegal, or at least frowned upon, in most jurisdictions. Examples of such shady dealing are when speculators themselves spread rumours about the future of a stock in order to sell it short. And an arcane technique known as "naked" short-selling, whereby investors manage to sell an asset without even borrowing it, is illegal in most countries, although in normal times it may be difficult to prove that it has actually happened. - AFP http://www.abc.net.au/news/stories/2008/09/20/2369729.htm --------------------------------------------------------------------------------- Short-selling ban begins today ABC News Posted September 22, 2008 06:18:00 The short-selling ban is expected to buoy the Australian share market The short-selling ban is expected to buoy the Australian share market. The Australian stock market is expected to react favourably to the news that the corporate regulator has banned the practice of short-selling. The practice will no longer be allowed when the stock market opens today. Short selling is the trading of borrowed shares in such a way that the investor makes money when they lose value. The Australian Securities and Investments Commission has announced that short selling of all stocks will not be allowed because it may have been causing unwarranted price fluctuations of stocks. CommSec's chief economist Craig James says the practice should have been banned years ago. "If you don't like a stock you shouldn't be investing in it in the first place, you shouldn't be selling it down and disadvantaging ordinary investors and superannuation holders," he said. Mr James says he sees the ban as a positive move. "There will have to be a little bit of short covering for those companies that have been selling down stocks and that may provide a booster to the share market. "We're looking for the share market to open up 150 points higher but given these significant short selling curbs it may be a fair degree higher." http://www.abc.net.au/news/stories/2008/09/22/2370264.htm
  13. 13 cents ouch! http://www.sharescene.com/html/emoticons/puke.gif ...King Baz, or anyone with informed comments? Thank you.
  14. In reply to: OMS on Wednesday 14/05/08 05:59pm Re STX: Strike Oil Thanks OMS, Have downloaded the relevant Rayburn Project operational update announcement concerning the Gilbert Freeman 1 well result...good news and hopefully more to come. Expected a bit more of a market reaction though. Watching developments closely...(Duncan 3 and Gilbert Freeman 2 wells.) http://www.sharescene.com/html/emoticons/smile.gif
  15. Thanks to all members for your enthusiastic response.http://www.sharescene.com/html/emoticons/biggrin.gif Here is the current list to date: 14/05/2008 (in order of posting date time) *CVN *STX *SAE *KIK *EMR *MOS *ELK *CTP *OEL *MPO Anyone prepared to estimate what they may be worth one year from now? Cheers
  16. Hi stix and carneius, Today's news is a positive outcome. Investors have shown their approval, reacting favourably. For the benefit of forum members here is the POL- PMM announcement: POLARIS METALS Website: http:// www.polarismetals.com.au 9 May 2008 ASX RELEASE Polaris – Portman Dispute Settled Yilgarn Iron Ore Project • Polaris and Portman have executed a Deed of Settlement in respect of the Bungalbin tenements. • Polaris now has confirmed tenure over Bungalbin East, J4 and J5 deposits – total resource potential 80Mt at 58% Fe. • Polaris moves to 100% ownership of the Mayfield DSO and magnetite deposit. • Polaris gains important haul road access to nearby rail infrastructure. • Mutually beneficial tenement rationalisation completed in the region. The Directors of Polaris Metals NL (Polaris) are pleased to announce the final resolution of the Bungalbin tenement dispute with Portman Iron Ore Limited (Portman), which provides Polaris with unfettered ownership of three important iron ore deposits. *1 The settlement relates to ownership of tenements in Polaris’ Yilgarn Iron Ore Project (YIOP) area, 60km north of Koolyanobbing in Western Australia. Settlement Details The key aspects of the agreement are noted below and shown in Figure 1. • Polaris has secured unencumbered 100% ownership of the iron ore rights over the Bungalbin tenements that contain the Bungalbin East, J4 and J5 deposits. • Polaris has been assigned Portman’s 60% ownership of the iron ore rights of the Mayfield tenement, giving Polaris 100% ownership of tenements with significant resource potential for both direct shipping and magnetite ores. • Polaris has assigned its direct shipping iron ore interests to Portman in a number of tenements groups - (Perrinvale area and Mt Jackson area), while retaining magnetite iron ore rights, and assigned the Gibbings Island tenement unconditionally. • Polaris has been granted access to Portman’s haul road from Windarling to Koolyanobbing in limited circumstances under specific commercial terms and conditions which ensure that Portman continues to operate without interference. The agreement delivers ownership of several iron ore targets: * Bungalbin East, resource potential 60Mt with 58% Fe. * J4, resource potential 10Mt at 58% Fe. * J5, resource potential 10Mt at 59% Fe. As part of the YIOP resource evaluation, efforts will now continue to further drill test and establish Mineral Resources. Bungalbin East and J5 are subject to the proposed expansion of the Mt Manning Nature Reserve, with Polaris given three years by the State Government to quantify respective economic and environmental values. Polaris Managing Director Jonathan Lea said, “Having Polaris and Portman sit down and negotiate win-win commercial outcomes that have simplified previously complex ownership arrangements is a great result for the respective shareholders. Polaris considers this is a significant milestone in progressing the YIOP and for the future mining development of the region. All stakeholders in the region should be encouraged that the two companies have been able to reach such sensible solutions.†“Polaris’ access to the Portman Windarling-Koolyanobbing haul road subject to capacity availability means Polaris has a direct road haulage route to the rail infrastructure for some of our planned iron ore operations. †For and on behalf of POLARIS METALS NL Jonathan Lea Managing Director *1 The Deed is subject to the necessary consents and approvals under the Mining Act for transfer of tenement titles
  17. In reply to: OMS on Thursday 08/05/08 01:39pm OMS ASX announcement on 05/05/2008 regarding the: Rayburn Project- Duncan 2 ST Doubles Field production...appears very promising. Also noticed lots of other projects in the pipeline with potential : -Gilbert Freeman 1: Ongoing testing of the Middle Wilcox - Duncan 3 Preparations underway for completion and testing of the Middle Wilcox - Hlavinka Duncan 1 Ongoing testing of a shallow secondary target - Gilbert Freeman 2 Well spudded on 3 May and targeting the Middle Wilcox http://www.sharescene.com/html/emoticons/smile.gif
  18. In reply to: ricky99 on Thursday 08/05/08 01:03pm Ricky99 http://www.sharescene.com/html/emoticons/smile.gif Appreciated I particularly like the growth performance chart for CVN. Doing nicely. Will monitor these stocks.
  19. Junior Oil Companies. ASX Discussion on ASX listed junior oil (and gas) exploration companies.
  20. Wow...50% increase in share price from 19c to 28.5c in the space of a couple of hours, and stock may still go higher in the course of the day. Holding on to this stock. quote from Biggins: ASX Release Friday 11 th April 2008 “In some places, there is undrilled gold mineralisation literally protruding out of the ground and this continues to add to our confidence of an imminent large discovery.†http://www.sharescene.com/html/emoticons/biggrin.gif
  21. April 10 2008 ASX RELEASE POLARIS METALS NL Initial Resource Estimate for Carina Yilgarn Iron Ore Project • Initial Inferred Mineral Resource for Carina deposit independently estimated to be 20.3Mt at 56.7%Fe • Infill drilling planned to increase confidence in resource tonnage and grades • Prefeasibility study re-focused on expedited 2.5Mtpa Carina production Polaris Metals NL is very pleased to announce that an initial resource estimate has been completed at its 100% owned Carina deposit. At a 50%Fe cut-off, the estimate resulted in an Inferred Mineral Resource of 20.3Mt at 56.7% Fe. The work was completed by resource estimation consultants Hellman and Schofield Pty Ltd. Ordinary kriging was used for grade interpolation within a mineralised envelope based on geological logging and assaying results. Tonnage calculations assume densities of either 3.1 or 3.3 tonnes per cubic metre for surficial hard-pan and deeper supergene mineralisation, respectively. The Mineral Resource estimate is reported in accordance with the 2004 JORC Code. The deposit outcrops as a low ridge of hematite/goethite and remains open at depth. The 13 RC drill holes completed at Carina to date have intersected mineralisation over 1.4 kilometres of strike length to a maximum depth of 125 metres below surface with widths ranging from 8 to 60 metres, and averaging approximately 40 metres. Drilling to date has not yet fully tested the extent and tenor of the mineralisation. The Carina deposit is part of Polaris’ Yilgarn Iron Ore Project (YIOP) that contains a number of other priority exploration targets. Drilling at Carina is planned to recommence in late April 2008 and is aimed at upgrading the status to Indicated Resource classification by July 2008. A gravity survey commencing this month will characterise the mineralisation and test for possible extensions along strike to the north and south. Targets generated will be drill tested in the third quarter of 2008. A prefeasibility study on the YIOP is ongoing and is planned for completion by June 2008. Subject to Board approval, favourable results will lead to a bankable feasibility study commencing in the second half of 2008. Polaris now intends to focus on initially bringing Carina into production as a source of direct shipping iron ore at an initial rate of approximately 2.5Mtpa. Assessment of the other potential resources in the area will continue. Polaris believes that the relatively simple geological setting of Carina, the proximity to infrastructure and its location outside the proposed Mount Manning Class A Reserve extension should allow for relatively rapid development into production. For and on behalf of POLARIS METALS NL Jonathan Lea Managing Director
  22. April 3 2008 ASX RELEASE POLARIS METALS NL Outstanding Results Confirm Carina DSO Potential Yilgarn Iron Ore Project • Outstanding results from remaining assays at Carina prospect within the key Yilgarn Iron Ore Project • Prospect unencumbered by proposed extension of the Mt Manning Nature Reserve • Expedited focus on Carina as near term production target close to available infrastructure. The Directors of Polaris Metals NL (ASX: POL) are pleased to announce the receipt of the remaining drill hole assays from the Carina prospect, part of the Yilgarn Iron Ore Project (YIOP), 60km north of Koolyanobbing in Western Australia. Reverse circulation (RC) drilling commenced at Carina in December 2007, with 13 RC holes completed for a total of 1,510m. Results from the first hole assayed, CA011, were released in February and assaying of the other 12 holes has now been completed by ALS Laboratories in Perth. The drilling intersected massive hematite-goethite mineralisation over a strike length of up to 1,500m, true widths of 20-90m, and vertical depths to 140m. The mineralisation remains open at depth and is surrounded largely by mafic and ultramafic volcanics. A number of holes failed to penetrate a faulted contact and reach the mineralisation. The significance of the Carina mineralisation can be summarised as follows: • The indicated continuity, grade and extent of the mineralisation are sufficiently large to potentially support a standalone DSO mining operation; • The intercept confirms the potential of the YIOP region for new and significant DSO discoveries; • Carina lies outside the proposed Mt Manning A-Class Nature Reserve extension and hence mining approvals should not be subject to excessive environmental delay. A 12,000m RC infill drilling programme aimed at testing the mineralisation is expected to commence in late April 2008, subject to environmental approvals, aimed at establishing an Indicated Mineral Resource classification. A gravity survey will also commence in April 2008 aimed at characterising the mineralisation for use in future regional target generation. The pre-feasibility study on a number of potential resources in the YIOP is expected to be completed by mid 2008. Given these results, Polaris now intended to focus on initially bringing Carina into production, while the other resources in the area are further assessed. Polaris believes that the relatively simple geological setting, the proximity to infrastructure and the prospect’s location outside the proposed Mount Manning Class A Reserve extension should allow for relatively rapid development to production. For and on behalf of POLARIS METALS NL Jonathan Lea Managing Director
  23. frankmal


    ASX CODE: SNU Southern Uranium Limited ASX ANNOUNCEMENT 3 April 2008 DRILLING UNDERWAY AT LARGE COCKY SWAMP TARGET AS SOUTHERN URANIUM UPS CAMPAIGN PACE HIGHLIGHTS • Drilling commences to test the large Cocky Swamp iron oxide copper gold uranium target in the Olympic Dam district of the Gawler Craton, South Australia • Initial interpretation of new gravity data shows numerous targets with multi- commodity potential at Jungle Dam in the north eastern Eyre Peninsula region of the southern Gawler Craton. • Ongoing soil geochemical sampling and gravity detailing is developing a pipeline of targets throughout the prospective north eastern Eyre Peninsula region • Airborne electromagnetic survey completed over an extensive area with unconformity uranium potential at Calvert Hills, Northern Territory • Negotiating for additional prospective ground in Queensland and South Australia Summary Southern Uranium Limited (ASX: SNU) is negotiating for additional prospective ground in Queensland and South Australia to expand the scope of its aggressive exploration campaign now underway in South Australia’s uranium-rich Gawler Craton. Managing Director Mr John Anderson said the second hole of the current drill campaign had commenced at Cocky Swamp which remained the Company’s highest priority target in the Olympic Dam district. “A 300 metre percussion pre-collar has been completed and coring is now underway to test the large target predicted at a vertical depth of about 860 metres,†Mr Anderson said. After Cocky Swamp, the drill rig is designated to move to the Kimba area to test extensive, shallow targets at Jungle Dam. “The north eastern region of the Eyre Peninsula is emerging as a high priority exploration destination,†Mr Anderson said. “Southern Uranium has a substantial tenement holding near recently discovered prospects for uranium, gold, iron ore and base metals. We are developing numerous and large targets for iron oxide systems that have potential for that spectrum of commodities and are proposing to undertake 2,500 metres of percussion and diamond core drilling during May.†Elsewhere in the exploration portfolio, an airborne electromagnetics survey has been completed at Calvert Hills in the Northern Territory while targeting tactics are being reviewed for the Company’s Rum Jungle project. Mr Anderson said Southern Uranium was using its strong cash position in the current market to establish farm-ins and expand exposure to uranium-prospective ground. “We are currently negotiating joint ventures in the Gawler Craton and in Queensland and we are seeking advanced exploration and resource opportunities elsewhere in Australia and overseas,†Mr Anderson said. ---------------------------------------------------- SOUTH AUSTRALIA Cocky Swamp drilling commences Drilling of the Cocky Swamp iron oxide copper gold uranium (IOCGU) target within Exploration Licence (EL) 3603 (see Figure 1) commenced last week. The project is subject to a joint venture with Uranium West Pty Ltd (Uranium West), a subsidiary of internationally listed Crescent Gold Limited (ASX: CRE, TSX: CRA, FFT: CRE5). A 300m percussion precollar has been completed and coring is underway to test the large target predicted at about 860m vertical depth. The hole is the second drilled using a drill rig brought into South Australia from Perth. Cocky Swamp is considered the highest priority target in the current drill campaign. Waxings Dam drilling completed The Waxings Dam IOCGU target was tested by the first hole undertaken in the campaign due to the timing of available access. The Waxings Dam target is defined by a gravity anomaly within EL 3594 near Kimba on the north eastern Eyre Peninsula (see Figure 2). WD-DDH1 was collared at 618,426m E, 6,365,575m N (Zone 53, GDA94), at an azimuth of 030 degrees true, 62 degrees dip and completed at 951 metres downhole depth. The hole intersected garnetiferous gneiss however no haematitic lithologies with IOCGU affinities were observed. The core will be reviewed and assayed where warranted to reconcile the intersected lithologies with the gravity target modelled at 750 metres vertical depth. Planned Jungle Dam drilling After Cocky Swamp, the drill rig is designated to move back to the Kimba area to test extensive near surface targets under shallow cover at Jungle Dam. Detailed gravity data collected in January are being interpreted and collated with historic soil geochemical and limited drill data. The historic data provides support for the presence of highly prospective gravity targets under thin cover at Jungle Dam and has prompted Southern Uranium’s strategy of extending the soil geochemical coverage throughout the region. Numerous targets variously with IOCGU, uranium, base metal, precious metal or iron ore potential are being developed along the 10 kilometres long prospective trend at Jungle Dam. 2,500 metres of percussion and diamond core drilling are proposed to be undertaken during May. The Jungle Dam drilling is subject to heritage surveys planned for mid April. Regional soil geochemical and gravity surveys in north eastern Eyre Peninsula Regional soil sampling on a 1km grid commenced in February to complement Southern Uranium’s gravity data. The data from this new tactic will enhance exploration of the prospective trends within the Moonta corridor of interpreted uranium-anomalous granites beneath the region’s shallow cover. About 3,000 samples were collected thusfar over most of the northern tenement areas in the region. Soil sampling of the remaining southern tenements will recommence in mid April. Gravity surveying is underway for the Hopcrafts Dam area on EL 3552 to complete the first pass coverage of all Southern Uranium’s tenements in the region. Infill soil and gravity surveying of the Sextus Tanks area of EL 3479 is underway at 500m station spacing. The area was selected for immediate detailing due to the proximity of uraniferous source granites along a possible southern extension of the Jungle Dam trend. NORTHERN TERRITORY Calvert Hills airborne electromagnetics completed After prior weather and logistical delays, a 1,900 line kilometre airborne electromagnetics (AEM) survey was completed over the 822 sq km area of EL 24837 also subject to a Joint Venture with Uranium West. The area covers about 40km of prospective geological extensions to the Westmoreland uranium field located 100km to the east. The area has potential for unconformity style uranium deposits and the AEM survey is designed to map the prospective unconformity and uranium-trapping lithologies and structures. A consultant geophysicist is secured to undertake the interpretation however significant delays in the processing of the data are anticipated. Rum Jungle rock chip sampling Analyses were received for the sampling of limited outcropping ironstones undertaken late in 2007 within EL24867 also subject to a Joint Venture with Uranium West. The results did not provide ready drill targets as the base metal values are only weakly elevated with no supporting uranium anomalism. Electromagnetic geophysics and direct drill testing are being considered to test the depth extensions of the prospective north east structures interpreted from radiometric and magnetic data to cross the tenement. NEW BUSINESS DEVELOPMENT Southern Uranium is using its strong cash position in the current market to establish farmins and expand exposure to uranium prospective ground. Joint ventures are being negotiated in the Gawler Craton and North Queensland. Advanced exploration and resource opportunities are being sought elsewhere in Australia and overseas. Several leads are being followed up after the Company’s strong presence at the Prospectors and Developers Association of Canada convention in Toronto in early March. Southern Uranium Limited is a uranium-focussed resources company with a strong platform of active exploration properties and drill targets in the highly prospective Gawler Craton of South Australia. The Company aims to grow into a major uranium explorer and developer by seeking uranium opportunities globally.
  24. Yes good news. For the SAU forum record, and anyone viewing this forum, here is the announcement. http://www.sharescene.com/html/emoticons/smile.gif Wednesday 26 th March 2008 Japan’s JOGMEC in A$4.9m JV with Southern Gold to accelerate three Cambodian gold projects The large Japanese government organisation, JOGMEC, plans to fund accelerated exploration on three Cambodian gold and base metal projects under a Letter of Intent announced today with Australia’s Southern Gold Limited (ASX code†SAUâ€ÂÂÂÂÂ). JOGMEC (Japan Oil, Gas and Metals National Corporation) and Southern Gold today announced the signing of the LOI to enter into a Joint Venture (JV) over three of Southern Gold’s wholly-owned granted Exploration Licences in Cambodia. Under the LOI, JOGMEC will invest US$4.5 million (A$4.94m) within 3 years to earn a 51% interest in the three tenements – Phnum Khtong (Kratie North Project), and two adjoining blocks, Preak Khlong and O’Kthung (Kratie South Project), all to the northeast of Phnom Penh. The agreement includes an upfront payment to Southern Gold of approximately US$400,000 on signing of the LOI for current exploration costs, followed by a decision to proceed with a full joint venture on the Kratie North and/or the Kratie South Projects by June 2008. The three tenements are among eight gold projects wholly or majority owned by Southern Gold under its “first mover†strategy to establish a cornerstone gold business in Cambodia to compliment the Company’s Australian gold focussed projects across three states. “The Joint Venture will enable Southern Gold to bring forward exploration schedules and therefore potential discoveries in Cambodia which we regard as one of the world’s great mining frontiers,†Southern Gold’s Managing Director, Mr Stephen Biggins, said today. “The agreement ensures we can now commit to substantially larger drilling budgets to test early stage exploration discoveries made by our exploration team in Phnom Penh. “Significantly, the JV, expected to take effect almost immediately, extends Southern Gold’s direct relationships with key consumer economies for commodity metals.†The JV is the first Japanese, and JOGMEC’s first, investment in Southern Gold’s projects, whose larger shareholders include Chinese resource investor CITIC as well as Australia’s Macquarie Bank Limited. “This combination of key Japanese, Chinese and Australian support is an exceptionally strong vote of confidence by world majors in Southern Gold's Asian strategy,†Mr Biggins said. “It is an envious position for a young explorer to be in and should also re-ignite market sentiment about those Australian companies driving the establishment of a modern-day commodities footprint in Asia.†About JOGMEC Japan Oil, Gas and Metals National Corporation’s (JOGMEC) objectives are to secure a stable supply of oil, natural gas, nonferrous metals and minerals to Japan. Typically, JOGMEC carries out mineral exploration jointly with various organisations such as major or junior mining companies that hold mineral properties. JOGMEC usually acquires an option for an equity interest in the project, if the results of exploration are positive, then the equity interest is transferred to a Japanese private-sector company. http://www.sharescene.com/html/emoticons/smile.gif
  25. Article from the Herald Sun; reporter is Stephen McMahon Australian Securities and Investments Commision ASIC to launch probe. March 12, 2008 12:00am THE corporate watchdog has ratcheted up the pressure on investors involved in short selling, insider trading and market manipulation, with market participants facing requests for information. The Australian Securities and Investments Commission yesterday expanded its investigation into global markets to pressurise international hedge funds. In the recent volatile stock market some large investors are believed to have played a major role in destabilising the share price of companies such as ABC Learning and Allco Finance Group. The ASIC move comes after three days of heavy selling on the stock market, which is now at its lowest level in 18 months. Since the market peaked in November, the benchmark S&P/ASX 200 index has dropped 25 per cent. Short selling is the borrowing of shares from a broker to sell before buying them back at a lower price, pocketing the profit and returning the shares to the broker. ASIC's formal inquiries relate to "conduct which could involve spreading of false or misleading rumours or predatory trading that could amount to market manipulation or insider trading". Last week ASIC and the Australian Securities Exchange sent initial reports on illegal trading activities to the Federal Government. Corporate Law Minister Senator Nick Sherry yesterday said the Government was expecting a full report from both bodies within weeks. "Treasury has been asked to explore our legislative options, including amendments to the Corporations Act that could potentially clear up some of these issues," Senator Sherry said. "I am advised that the regulators have now also made formal requests for information from several market participants in relation to possible market irregularities." After years of criticism as being toothless, the upswing of short selling amidst the recent share market turmoil may result in the Government giving ASIC and the ASX greater powers to police the market. In a bid to halt the hedge funds, ASIC has begun talks with its American, British and Hong Kong couterparts "seeking their assistance on any international aspects". Most hedge funds are based outside Australia, with many operating in tax havens such as the Cayman Islands. ASIC has also joined forces with the Australian Prudential Regulation Authority to launch a new online reporting system for breaches by finance services companies. Share this article http://www.news.com.au/heraldsun/story/0,2...444-664,00.html
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