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In reply to: happyjack on Saturday 16/02/08 10:51pm

Happyjack, the shareprice went down, and then it went up to about where it was before it went down. Unless you bought at the lows, these movements have made you no 'profit' as you put it, at all.

 

Send me a wake up call when they start getting some assay results back from a drilling program.....probably sometime in 2010 at the current pace.

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In reply to: EMD on Sunday 17/02/08 10:30am

emd

If you have stop losses you don't go into the lows,

 

If a share goes under the 21 day average for more than 5 trading days I am out. If it touches the 150 day average going down, I am out, if I am fishing or the market goes silly I have an automatic 10% trailing stop loss. If any of these things happen I am gone, I do not wait for 2 of them or 3 of them to happen. I also trade a sufficient volume that my broking fee (In. Out & Stop loss) is 1% maximum, check for yourself to see if this stratagy would have made more money for you. If it does,(and it should) think of it as a gift, and one day you may be able to pass it on to someone else.

 

Some companies I may use a 31 day average and if the chart looks like chook scatchings I won"t trade it.

 

 

this share is now on my watchlist, it will make money for me

 

happyjack

 

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  • 1 year later...
  • 1 month later...
  • 2 years later...
  • 1 month later...

no one is on LIN in here?

 

my hope is that we will see $1++ late 2012 or early 2013

 

this is my next EXT IMO

 

worth to DYOR

 

http://www.stocknessmonster.com/news-item?...SX&N=585850

 

 

 

 

LINDIAN RESOURCES LIMITED

 

ASX Release

 

17 April 2012

 

LINDIAN RESOURCES LIMITED

WORLD CLASS RESULTS FROM

 

SABANG DISCOVERY

 

Lindian Resources Limited is extremely pleased to announce that the

 

Company has received exceptional drilling results for the extensions on

 

drill hole

 

BMS-008 on the Sabang Discovery on the southern portion of

 

the Masapelid Project in the Philippines (Figures 1, 2 and 3).

 

HIGHLIGHTS

 



 

The headline overall intersection for BMS-008 is spectacular:

 

433.00 metres from 17.00 metres at 0.73g/t gold,

 

5.84g/t silver and 0.26% copper.

 

including: 59.00 metres from 276.00 metres at 3.49g/t gold,

 

2.32g/t silver and 0.12% copper.

 



 

Drilling is continuous, with two drilling rigs currently

 

operating on site and intersecting visually mineralised drill

 

core.

 



 

Two additional drilling rigs being mobilised. (Four drilling

 

rigs operating)

 



 

Company is full funded for the current drilling programme.

 



 

Maiden JORC Resource targeted for last quarter 2012.

 



 

Continued regular news flow from the Sabang Prospect is

 

expected and the Company believes Sabang has the potential

 

to confirm itself as a World Class discovery.

 

Extension of drill holes

 

 

BMS-007b and BMS-008 on the discovery drill

 

section (

 

 

BMS-007a, BMS-007b, BMS-008, BMS-009 and BMS-011 ) has

 

confirmed a more extensive zone of gold and silver mineralisation located

 

beneath the previously reported near surface supergene copper-silverÃÆâ€â„¢ÃƒÆ’ƒÂ¢Ãƒ¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡ÃƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚±gold

 

blanket than originally believed.

 

The re-entering and extension of holes

 

 

BMS-007b and BMS-008 shows that

 

the gold-silver mineralisation continues to depths approaching 500 metres on

 

the drilled section. This is significant in the context of advancing the project

 

toward a maiden resource during calendar year 2012.

 

The latest results obtained from the extension of holes

 

 

BMS-007b and BMS-

 

008

 

 

show that gold and silver mineralisation continues to occur in layered

 

stockwork and vein style zones within a low grade porphyry style coppersilverÃÆâ€â„¢ÃƒÆ’ƒÂ¢Ãƒ¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡ÃƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚±

 

gold system. The layered stockwork and veined zones also continue to

 

contain higher grade gold and silver mineralisation components. This is

 

extremely pleasing as this style of mineralisation may, with similar results

 

LINDIAN RESOURCES LIMITED

 

Sabang Prospect ÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â‚¬Å¡Ã‚¬Ãƒâ€¦Ã‚¡ÃƒÆ’‚¬Ãƒâ€Â¦ÃƒÆ’¢Ã¢Ã¢â‚¬Å¡Ã‚¬Ãƒâ€¦Ã¢â‚¬Å“ intense silica

 

stockwork outcrop at site of drill hole

 

BMS-008.

 

Sabang Prospect ÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â‚¬Å¡Ã‚¬Ãƒâ€¦Ã‚¡ÃƒÆ’‚¬Ãƒâ€Â¦ÃƒÆ’¢Ã¢Ã¢â‚¬Å¡Ã‚¬Ãƒâ€¦Ã¢â‚¬Å“ intense silica-hematite

 

stockwork zone adjacent to drill hole

 

BMS-007b

 

Sabang Prospect ÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â‚¬Å¡Ã‚¬Ãƒâ€¦Ã‚¡ÃƒÆ’‚¬Ãƒâ€Â¦ÃƒÆ’¢Ã¢Ã¢â‚¬Å¡Ã‚¬Ãƒâ€¦Ã¢â‚¬Å“ drilling operations

 

from ongoing exploration, have the potential to support a possible future

 

underground development and exploitation of precious metal mineralisation

 

at depth.

 

An aggressive drilling programme is ongoing at the Sabang Discovery with

 

two additional diamond drilling rigs being sourced. It is expected that that

 

first of these additional rigs will arrive on site at Masapelid in three to four

 

weeks.

 

Subsequent to the last announcement the following activities have been

 

completed:

 

ï‚·

 

 

Hole BMS-010 has been completed 100 metres to the west-northwest

 

of hole

 

 

BMS-007b . Hole BMS-010 has been offset to the west and

 

northwest from the main Sabang drill grid and has been targeted to

 

intersect the gold and silver stockwork and vein projected to occur

 

toward the bottom half of hole

 

 

BMS-010 . Core from this hole has

 

been dispatched to the laboratory and full assays are pending;

 

ï‚·

 

 

Hole BMS-011 completed approximately 180 metres to the northeast

 

of hole

 

 

BMS-007b and on the same cross section as holes BMS-

 

007a

 

 

, BMS-007b, BMS-008, BMS-009 , and now BMS-011 as

 

shown in Figure 4. H

 

 

BMS-011 has been drilled to the southwest

 

on that section line and targeted to test for the extension of the

 

supergene copper-silverÃÆâ€â„¢ÃƒÆ’ƒÂ¢Ãƒ¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡ÃƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚±gold blanket and underlying high grade gold

 

and silver stockwork and vein to the northeast of

 

 

BMS-007b . Core

 

from hole

 

 

BMS-011 has been submitted to the laboratory for analysis

 

and assays are pending;

 

ï‚·

 

 

Holes BMS-012 and BMS-013 completed on the section line 50

 

metres to the southeast of, and parallel to, cross section

 

 

BMS-007a,

 

BMS-007b, BMS-008, BMS-009

 

 

and BMS-011 . Holes BMS-012

 

and

 

 

BMS-013 were designed to test for extension of the supergene

 

copper-silverÃÆâ€â„¢ÃƒÆ’ƒÂ¢Ãƒ¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡ÃƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚±gold blanket and underlying high grade gold and silver

 

stockwork and vein zone to the southeast of

 

 

BMS-007b . Core from

 

holes

 

 

BMS-012 and BMS-013 have been submitted to the laboratory

 

for analysis and assays are pending; and

 

ï‚·

 

 

Hole BMS-014 is currently in progress and is aimed at testing an

 

interpreted porphyry copper core zone between Sabang Hill and the

 

New Discovery Zone. Drilling continues in hole

 

 

BMS-014 .

 

CORPORATE

 

With completion of the recent option placement, the Company is fully funded

 

to support an expanded exploration drilling programme on the Masapelid

 

Project.

 

Continued regular news flow from the Sabang Prospect is expected and the

 

Company believes Sabang has the potential to confirm itself as a World Class

 

discovery.

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  • 6 years later...

Recent LIN announcement

 

27 September 2018

MAJOR MILESTONE SATISFIED IN LINDIANÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¾Ãƒâہ¡ÃƒÆ’‚¢S OPTION TO ACQUIRE

UP TO A 75% INTEREST IN THE KANGANKUNDE RARE EARTHS

PROJECT

Lindian Resources Limited (ASX code LIN) (Lindian) is pleased to announce

that a major milestone to LindianÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¾Ãƒâہ¡ÃƒÆ’‚¢s option (see ASX Announcement 6 August

2018) to acquire up to a 75% interest in the Kangankunde Rare Earths

Project in Malawi has been reached with the signing of a consent order

between the Malawi Ministry of Natural Resources and Environmental Affairs

and Michael Saner (Consent Order). Kangankunde has been reported as

one of the worldÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¾Ãƒâہ¡ÃƒÆ’‚¢s largest Rare Earth projects outside of China.

 

Interesting article that covers issues with REE mining, and other commodities, in Malawi

 

With global demand for REEs expected to soar in the next 10 years or so, Malawi might see an influx of explorers. Geologists have known for many years that the Chilwa Alkaline Province hosts world-class REE deposits.

 

Several Japanese companies drilled exploration holes around the shores of Lake Malawi in the early 1980s. In fact, two Japanese groups, MMAJ and JICA, together with the Geological Survey of Malawi, recorded a 1.4 million tonne resource at Songwe Hill ÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â‚¬Å¡Ã‚¬Ãƒâ€¦Ã‚¡ÃƒÆ’‚¬Ãƒâہ¡ÃƒÆ’‚ the same deposit Mkango would later pursue.

 

Lure of rare earths

The problem was then, as it is now, that REE projects are extremely expensive to get off the ground and potential investors become more than just jittery when asked to assess such a project. According to Deloitte Consulting in Johannesburg, even a modest REE mine will cost in the region of USD100-million to construct, and it could take up to five years just to complete the necessary application processes before operations can begin.

 

Nivaash Singh, head of mining and international resource finance at Nedbank Capital in Johannesburg, said in an interview last year that there has been a definite shift away from traditional minerals such as gold and iron, to specialist minerals such as graphite and rare earths. ÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’â€Â¦ÃƒƒÂ¢Ãƒ¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…âہ“This was a huge learning curve for bankers who fund these projects,ÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚ Singh added. In addition, once in production, operational costs are high and the environmental risks are significant. These challenges are, of course, exacerbated by a historical low demand for these products ÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â‚¬Å¡Ã‚¬Ãƒâ€¦Ã‚¡ÃƒÆ’‚¬Ãƒâہ¡ÃƒÆ’‚ but this is more than likely about to change.

 

One of the reasons REE projects are often considered a no-go, and why investors steer away from it, is the extremely difficult process involved in dissolving the elements from the ore rock. This is also said to be the main reason why the Americans stopped mining REEs; that, and the fact that the acid used in the process often contains radioactive elements like thorium, radium, and in some cases even uranium. According to Dawes, the physical mining of rare earths normally only accounts for 10% of the companyÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¾Ãƒâہ¡ÃƒÆ’‚¢s operational costs while the actual processing and cost of separation makes up the rest
.

https://www.linkedin.com/pulse/malawi-minin...icle-card_title

 

LIN has recently been granted PL 11176/2017, PL 11177/2017 and PL11178/2017 over the Lushoto Bauxite Project in Tanzania

post-330173-1540865535_thumb.png

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