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In reply to: dylan on Tuesday 03/06/08 04:54pm

ahh but now we have a reversal signal. Same for UMC.

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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.

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In reply to: Jay on Wednesday 04/06/08 06:25pm

thats one way to look at it. Depends on your timeframe.

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Markets in for a wild ride on Monday. How will it affect THX?

 

So far, short term fast trendline broken, next fastest trend pierced. Small rel vol on Fri. So much for my statement being rubbish.

 

Wolv knows where I exited. http://www.sharescene.com/html/emoticons/tongue.gif

 

Will wait and see before reentry.

 

Was anticipating more of a bounce but given what we expect on Monday, not sure what will happen.

 

JRL may get clobbered http://www.sharescene.com/html/emoticons/sad.gif

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In reply to: romaioi on Sunday 08/06/08 01:20am

 

 

undervalued for mine ... if i was trading it i would have sold last week slightly below what was ... in retrospect .. the top. i bought more on the pullback .... going a lot higher before years end imv ... http://www.sharescene.com/html/emoticons/cool.gif

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From Egoli - Stock Ideas ...bit old 30/5/08

 

Thundelarra Exp - Cashflow imminent from nickel project

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.

 

-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.

 

 

 

 

 

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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

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QUOTE (Jay @ Monday 09/06/08 12:21pm)

 

Jay, mate, I'm making plenty thanks! You should know. Given that I paid off my house, two new holdens and my 60k education debt, all from a total seed capital of 27k, its far from my first profit big fella. http://www.sharescene.com/html/emoticons/graduated.gif

 

Thanks for your concern, though.

 

While we're are on it....been selling anything while calling everyone else stupid for doing the same thing lately? lol http://www.sharescene.com/html/emoticons/tongue.gif

 

 

S&P500 bouncing a little as I write. Will be an interesting week.

Plenty of time to invest to your liking Dylan.

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In reply to: Jay on Tuesday 10/06/08 08:01am

ps, what have you been trading to make all that cash all of a sudden??

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