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Jay

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Everything posted by Jay

  1. Jay

    THX

    In reply to: romaioi on Sunday 08/06/08 12:20am Finally make a profit something hey Roma?? http://www.sharescene.com/html/emoticons/tongue.gif
  2. Jay

    MRE

    In reply to: mogul on Thursday 05/06/08 07:48pm Mogul, have a read of this article, should help you out. SYDNEY (Dow Jones)--An explosion and fire at a gas processing plant in Western Australia is affecting mining operations across the state, but production losses will likely be small as operators switch to alternative sources of fuel, market commentators said Thursday. Apache Corp. (APA) declared force majeure on gas supply contracts Wednesday after a fire forced the closure of its Varanus Island gas plant off the coast of the northwestern Western Australia state. It's not yet clear when supply will be restored, with Apache due to provide an update on the situation later Thursday. Companies affected include Alcoa Inc. (AA), BHP Billiton Ltd. (BHP.AU), Newcrest Mining Ltd. (NCM.AU), Iluka Ltd. (ILU.AU) and Minara Resources Ltd. (MRE.AU). Some companies have standby diesel capacity but higher costs associated with alternative fuel sources will impact earnings, analysts said. "This is a timely reminder of the impact on the supply chain for most metal producers," Goldman Sachs JBWere said in a note. Assuming a five-day outage, Minara is likely to lose 500 metric tons of nickel, using the outage period to undertake maintenance work which should help limit the impact. Oxiana's polymetallic Golden Grove operation can rely partially on diesel, but standby capacity isn't sufficient to power the entire operation, resulting in a loss of 3,000 tons of zinc metal and 500 tons of copper. Credit Suisse estimated during a one-week outage, Oxiana would stand to lose A$11.2 million. Golden Grove is forecast to produce 140,000 tons of zinc in concentrate, over 21,000 tons of copper and nearly 55,000 troy ounces of gold. Aditya Birla Minerals Ltd.'s (ABY.AU) Nifty mine is forecast to produce 68,100 tons this year but has sufficient diesel capacity to carry on production. The Varanus Island plant supplies about a third of Western Australia's gas, with most of its output going to commercial customers. Alcoa, which operates a number of bauxite mines and alumina refineries in Western Australia as part of its joint venture with Alumina Ltd. (AWC.AU), said it has turned to alternative fuels to meet its shortfall. An Alcoa spokesman said the disruption could cost the company at least US$10 million. Other companies, such as Western Areas Ltd. and Independence Group Ltd. rely on grid power, or have sufficient backup diesel power. "The main risk here is that the existing diesel on hand run out and there is an inability to gain immediate access to replacement supplies due to the sudden demand spike," said Goldman Sachs. Newcrest said it can rely on diesel power for its Telfer mine, but added stocks are limited. Gold output at Telfer is forecast at 620,000-640,000 ounces. Output at BHP Billiton's Worsley Alumina operation is facing reduced gas supplies due to the fire but that the impact on production is not yet known, the company said, while BHP's Nickel West and iron ore operations are operating as normal. Also affected were companies with stakes in the upstream gas fields that feed the Varanus Island plant, including Santos Ltd. and Tap Oil Ltd. Apache Energy's Managing Director Tim Wall Wednesday declined to specify how long the plant would be closed for, but added once the damaged pipeline has been located, a repair could get done relatively quickly.
  3. Jay

    THX

    In reply to: romaioi on Wednesday 04/06/08 07:54pm rubbish Roma. This is just a pullback in a very strong trend for both THX and UMC. Today is buy day mate.
  4. Jay

    THX

    In reply to: wolverine on Friday 30/05/08 04:27pm upward outside day on the chart and best volume we had in months, into new highs this run. Might see 60 next week with any luck.
  5. Jay

    THX

    In reply to: wolverine on Wednesday 28/05/08 09:44pm At least i know you will have the cash to stump up our yearly bet when the maroons win the next two.....now that THX are going so well http://www.sharescene.com/html/emoticons/cool.gif
  6. Jay

    THX

    From Egoli this morning: http://www.egoli.com.au/egoli/egoliStoryPa...tion=StockIdeas Thundelarra Exp - Cashflow imminent from nickel project 28/05/2008 By: Geoff Muers Thundelarra Exploration Limited (THX) should gain increasing attention in coming months as the Copernicus nickel project commences open pit mining in June, following receipt of final statutory approvals. Drilling on three projects is due to commence in coming weeks and expected to deliver a steady stream of results to the market. Advertisement Mining due to commence in June at Copernicus (40% JV with Sally Malay), expected to be completed within 12 months, with ore processing to take place over two years. First payment is anticipated in 3-4Q08, with concentrate due in October. Based on recent announcement, delivers cash flow of $18.7 million to THX (paid monthly); Exploration drilling to re-commence at nickel-sulphide target Mabel Hill in June, targeting EM anomaly below previous low grade intersection (51m@0.28%Ni); Exploration at Fleur de Lys uranium project in the Northern Territory to start in June. Previous high grade intercepts from neighbour Haddington Resources Limited (HDN) include 3m@6.05% U308. THX have identified rocks grading 1.6% U308; Exploration at Sophie Downs base metal project, and Pyramid base metals target in WA in coming months; United Minerals (UMC) in which THX hold over 20m shares (worth $33m at $1.66 per share) due to release maiden iron ore resources in WA in coming months. In summary, THX appears to be a well managed company, with a diverse portfolio of assets. In the short term, we anticipate key drivers to the share price in the short term will relate to exploration success at Mabel Hill, with potential for high-grade sulphides, and drilling at the uranium project in the NT, which is beginning to attract attention from the global majors. With cashflow imminent later in 2008 from Copernicus, and over $10 million in the bank, THX should be well placed to fund some serious exploration work, and look at other investment opportunities as 2008 progresses. We will be watching THX with interest for the remainder of 2008 as the substantial exploration portfolio begins to evolve through the planned drilling and geophysical campaigns.
  7. Jay

    UMC

    In reply to: Jay on Thursday 22/05/08 07:33am looks ready to bust a move through 175 tomorrow. Can't wait!! THX will fly with it. Report attached. THX_Shaws.pdf
  8. Jay

    THX

    here is the hogans report again seeing as though no one read it last time lol THX_Hogans.pdf
  9. Jay

    THX

    There is the latest RIU Invesot presentation on www.thundelarra.com under the reports section. Worth a read.
  10. Jay

    UMC

    Ocean Equities Update Attached UMC_Ocean_Equities_Phase_2_Report.pdf
  11. Jay

    THX

    In reply to: Jay on Wednesday 21/05/08 06:01am charts dont get any better looking then THX's at the moment. Almost feel sorry for anyone who sold today!! In the last few weeks we have 3 brokers initiate coverage. Plenty more to come imo, given the broker presentations that Brett has been doing of late. Good luck all
  12. Jay

    THX

    In reply to: Jay on Tuesday 20/05/08 08:51pm Shaws report. THX_Shaws.pdf
  13. Jay

    THX

    In reply to: wolverine on Tuesday 20/05/08 07:24pm it's been posted elsewhere that THX got a write up from Shaw's today valuing them currently at 66-72c and thats with UMC around $1.70... I have not got my hands on a copy yet but will post it here once i do. Charts dont get any better looking then THX and UMC at the moment. Heaps more immediate upside is upon us.
  14. Jay

    THX

    In reply to: romaioi on Tuesday 13/05/08 10:43pm chart looks great roma!! looking forward to the break out and next leg up in the next few days. Brett Lambert has been doing the rounds to brokers and is starting to find a few supporters of this great story.
  15. Jay

    THX

    hogans report out today. todays move was the first pullback in the new forming uptrend. expect ranges to expand from here. also of note, 195k were crossed at 41c indicating broker support starting to creep in. hogans report attached. THX_Hogans.pdf
  16. Jay

    THX

    In reply to: romaioi on Tuesday 06/05/08 10:46am 42c broken through. time to top up guys/gals!!
  17. Jay

    THX

    In reply to: romaioi on Sunday 04/05/08 01:43pm PS, Head and Shoulders bottom confirmed on Friday on the ASX200 futures with the break of 5700. Bear market, what bear market???
  18. Jay

    THX

    In reply to: romaioi on Sunday 04/05/08 01:43pm State One Stockborking have put a buy out on THX in Sunday WA newspaper!! Haven't got a hold of the report yet, however if I do, I will post it here.
  19. Jay

    PPP

    In reply to: towie on Friday 11/04/08 12:02am did you lose out from the Opes debacle towie?
  20. Jay

    THX

    In reply to: royalsy on Thursday 10/04/08 05:32pm yeah got sin-binned for using the F word according to HC. I dont know why its ok for others to use the term WTF though and not get moderated....
  21. Jay

    THX

    April 04, 2008 By Our Man in Oz No-one knows mining in Australia better than Phil Crabb, which has been a bit of an issue for London investors because the man who has seen more booms and busts than he cares to remember has confined himself to his home base in Perth for the past four years. That changes next week when Crabb makes an overdue visit to the City, where traditionally there has been strong support for the companies he runs. This time, the plain-talking Aussie will bring news about three companies that fit loosely into his stable, Thundelarra, United Minerals and Royal Resources. While each operates separately, Crabb is the glue which holds them together and if a pre-trip chat with Minesite’s Man in Oz is any guide then it will be worthwhile for London types to track him down, if only for a rejuvenating blast of optimism about his stable, the ongoing demand for resources, the outlook for the market – and everything Australian. “We’re pretty excited about the projects we have on our books,†Crabb says. “The challenge has been getting the story told widely, which is why it’s time to spread the word in Londonâ€ÂÂÂÂÂ. Crabb dislikes lumping Thundelarra, United and Royal into the one basket. He sees each as a business deserving to be treated as a separate entity. The problem for an outside observer is that two, United and Royal, have lifted iron ore to the top of their lists of immediate priorities, while Thundelarra is a major shareholder in United, and all three have some directors in common. To avoid an argument, the best way to look at the three is alphabetical, and that means starting with Royal, a Thundelarra spin-off which achieved a rare distinction in a generally flat market last week by copping a speeding ticket from the Australian Securities Exchange. What caught the eye of the regulators was an upward run in the Royal share price from A19c to A29c on 27th March. The drivers behind the 53 per cent one-day price rise appear to be two-fold. Excellent exploration news from the company’s iron ore projects in the Pilbara region of Western Australia, and market chatter that Royal would soon boost its management team with the recruitment of a former senior Rio Tinto executive – speculation that was confirmed on Monday with the appointment of Marcus Flis as Royal’s new chief executive. On the exploration front, Crabb says drilling of Royal’s projects, Prairie Downs, Marillana and Mindy will get underway in April. Prairie Downs is located just 18 kilometres from BHP Billiton’s flagship iron ore operation in the region of Mt Newman, while Mindy is adjacent to the railway running north from Mt Newman. “The latest fieldwork at Prairie Downs has returned rock chip samples of up to 63 per cent iron,†Crabb says. “Old studies on the area have mapped outcropping iron ore formation of more than 800 metres, but there’s no recorded drilling in the area.†Crabb adds that over the next few months the news flow from Royal will accelerate. Thundelarra is the second strong story from Crabb. There’s some decent enough uranium assets in the company, but in the near term the interest will come from the start up of mining around mid-year at the company’s 40 per cent-owned Copernicus nickel project in the far north Kimberley region of Western Australia. “I think the market can get ready for some really top stuff from Thundelarra,†Crabb says. Mining at Copernicus is being handled by the project’s 60 per cent owner, Sally Malay Mining, which will process ore through its nearby plant. “They’re got a drill rig on site now, and they take the top off [the orebody] in July, all the approvals are through,†Crabb says. If all goes to plan, Thundelarra’s share of the profit from nickel, copper and cobalt production will be up to A$12 million a year, he reckons. What makes that profit estimate interesting is that when combined with cash in the bank, and the 20 million shares Thundelarra owns in United Minerals, the current A37c share price of Thundelarra is fully supported so no value is assigned to the uranium assets. “That’s a mistake,†Crabb said. “We’ve been getting really exciting exploration results from the Fleur De Lys project in the Northern Territory, including one sample from an old shaft on the property which assayed 1.58 per cent uranium,†he says. Fleur de Lys is one of a number of prospects in the Pine Creek area held in joint venture with GBS Gold. “We believe there’s every likelihood of a significant return of interest in uranium and we’ve got some of the best tenement positions in the Territory. Third cab off Crabb’s rank is United Minerals, the company with the best share price performance over the past year, and with a market capitalisation more double that of Thundelarra and Royal combined. The twin keys to United are its iron ore and bauxite interests. Top of the iron ore list is the Railway prospect close to Rio Tinto’s Marandoo iron ore mine. The latest drilling there includes a hit of 40 metres of high-grade haematite ore at depths of between 40 metres and 80 metres with the hole ending in ore. Assays are due soon. Crabb says that that hole was to test for an eastern extension of Railway, and confirmed that mineralisation in the area extends for more than a kilometre. “It also supports a target potential of 100 million tonnes of ore,†he says. “The next step is to undertake more drilling and an economic evaluation of the discovery. It’s our view that we’ll be shipping ore to Port Hedland for export within the next few years.†Crabb acknowledges the accuracy of a barbed observation from Minesite’s Man that the corporate structure of his group is unusually complex. But that is largely a result of the way Crabb has created, managed, and positioned the companies to take best advantage of changing market conditions. Gold, which was once his favoured commodity, is curiously absent from the current structure – perhaps a question for when he does the rounds in the City next week.
  22. Jay

    THX

    In reply to: salts on Thursday 03/04/08 06:10pm Salts, Dylan.... It's my understanding that drilling has finished at Sophie Downs for the first pass and the company is awaiting assays to report to market. Drill from Sophie Downs should be on its way to or already drilling Mabel Hill by now. Copernicus has begun drilling in the last day or so also. Drill rig from Mabel Hill will be back at Sophie Downs ASAP after Mabel Hill should the assays come in positively. Nickel is holding around US$30,000 per tonne, and has been for months and that price Copernicus should generate plenty of free cash. Pretty exciting times ahead for us imo.
  23. Jay

    THX

    In reply to: salts on Wednesday 02/04/08 12:07pm which all looks like it got sold yesterday at market prices to me...
  24. Jay

    THX

    In reply to: grommit on Friday 14/03/08 10:04am very busy few months coming up!! lots of news flow to come.
  25. Jay

    THX

    In reply to: wolverine on Thursday 06/03/08 08:39pm looks like its all coming together for a significant run from here wolv. THX should start playing catch up given its significant stake in UMC. mabel hill, copernicus, sophie downs and fleur de lys (think thats how you spell it lol) drill bits about to go in also. Income from June from Copernicus.... market cap less the $38mill at the moment... $11mill in cash and about $22mill in UMC stock....
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