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melanie
Posted on: Oct 16 2009, 04:11 PM


Group: Member
Posts: 162

re "a decision on whether the first large scale commercial demonstration project will be located in Australia is expected soon," from CWE's latest ann.

Carnegie in a May 2009 release listed several potential wave markets for CETO technology, including Ireland, Scotland and France. Ireland's government has committed to $50m in wave energy funding.

The Bahamas, (where Alan Burns currently is pursuing his oil interests), is also identified by Carnegie as a potential market.

Burn's company, BPC, has a farm-in arrangement with the Norwegian energy giant, Statoill-Hydro, and exploration for oil and gas is expected to begin by late 2009, in the Bahamas.

On BPC: "Run out of Perth, Western Australia but based in the Falkland Islands, BPC ... also points to earlier work in the Bahamas by several oil companies … The company spent more than £7 million amassing the data on its prospects, but, with Statoil as a partner, Burns boasts 'we'll never have to raise money again'. 6/8/09 – from sharecrazy.com Robert Tyerman"

Also … "Bahamas are particularly interested in the desalination angle and has the advantage of Atlantic swells compared to the rest of the Caribbean." (from Motley Fool)

As CWE now has rights to market CETO in the Northern Hemisphere, the world is its oyster.
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melanie
Posted on: Jul 7 2007, 12:31 PM


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Posts: 162

In reply to: OILMAN1 on Saturday 07/07/07 01:11am

I lost a heap on this but thanks OILMAN1 to your number-crunching and alerts in early Feb. not as much as I would have otherwise. Thank you.
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melanie
Posted on: Jul 5 2007, 12:14 PM


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Posts: 162

WAS will hold 18.6% in Aviva Corp. (AVA) by purchasing Xtract's AVA shares in return for a new issue and options in WAS, to Xtract, if shareholders approve.

Worth a look at the AVA chart rise since new management appointments lately!

WAS will also acquire technologies held by Xtract, that have synergies with AVA's coal focus.

Aviva Corp. has plans to build a 2 x 200 MW coal-fired power station near Eneabba in WA Mid West (yet to be approved) to produce regional base load power marketing to SWIS and the Mid West. AVA is looking at possibility to co-develop the power plant with a partner. AVA as well has interesting coal prospects in Botswana, with the focus on entering the power generation market.

Eneabba Gas (ENB) is also a contender with plans for a power station for the Mid West, market focus leans to AVA atm.

AVA stake may be a very significant asset for Wasabi Energy.
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melanie
Posted on: Jul 1 2007, 11:17 AM


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Posts: 162

In reply to: diana on Sunday 01/07/07 08:41am

See also cogema DOT com website - 15 Jun 07 - ann. re AREVA acquiring UraMin, offering US$7.75 per share!

WME always said there was a high chance of new discoveries at Marenica, as much of it has sedimentary cover. So I take it the areas being revealed now by the radon survey, will be additional to the previous areas detailed in the historic resource.
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melanie
Posted on: Jun 28 2007, 04:48 PM


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Posts: 162

Mincor’s acquisition of GMM Pty Ltd is scheduled for completion on 1 July 2007. Payment of $68.5m will be paid from Mincor’s cash reserves. The nickel assets to be acquired include the producing Otter Juan Mine, and the McMahon and Durkin projects. The acquisition will bring added cash flows to MCR’s balance sheet, and strengthen Mincor’s position in the northern part of the Kambalda Dome. Mincor has set a production target of 20,000 tonnes per annum. The qtly will make a good read coming up.
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melanie
Posted on: Jun 21 2007, 07:24 PM


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Posts: 162

In reply to: mme on Thursday 21/06/07 02:55pm

That's good, mme! I didn't take Mel's hint at 5.1c! Luck to holders.
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melanie
Posted on: Jun 20 2007, 09:42 AM


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Posts: 162

In a document “Energy Visions” addressed to Western Power, (11 Apr 07 - on the Net) Griffin Energy Pty Ltd. details just how crucial the construction of the 330 kW transmission line from Pinjar to Geraldton (that Griffin has argued long for), is to the progress of expansion in the Mid West Region of WA.

Griffin stated that the region would need 300 MW power by 2012 – current supply 155 MW, and ADDED to this would be the power requirements of major industry at Oakajee (port, industrial estate).

Construction of the 300 kW transmission line from Pinjar to Geraldton by 2010 would facilitate establishment of regional base load power – Enneabba Gas, Aviva Corp. the two mentioned in this regard, as well as wind farm proponents.

On one side, rapidly expanding industry and enterprise generated by the private sector, on the other – a “regulatory regime” that slows progress. Let’s hope this line construction is fast-tracked. The incredible “window of opportunity” for Mid West development relies on it.


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melanie
Posted on: Jun 18 2007, 08:57 PM


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Posts: 162

DMA is currently undertaking a seismic survey (6-week programme) at the Irwin River Coalfield, targeting Coal Seam Methane Gas. The coalfield is close to the region of Geraldton and Oakajee (20k n of Geraldton) in W.A. (DMA does not have rights to the coal itself, but to the gas.) DMA targets sales into Geraldton area if the coal seam methane prospect can be brought to commercialisation. Add to this Oakajee!

In an announcement today of a JV between MMX and Mitsubishi Development Pty Ltd, plans of a new infrastructure business - Oakajee Port and Infrastructure, were announced. The JV's proposals to build a port and harbour at Oakajee, railway, and iron ore mine, if progressed, depend on the development of infrastructure. A new power transmission line is planned to connect to the area by 2010.

Coal seam methane gas is one of a range of options for production of electricity for the mid west region, others include coal, and wind power. (Wind farm at Geraldton.) (ENB has approval for gas-fired power station at Enneaba, AVA proposes a coal-fired power station.)

Another note - DMA has a JV with Uranium International Ltd. a private company in which the MD Rita Brooks holds a major interest. This Company has plans to list with an IPO and will attain DMA’s Kunderong uranium prospect in W.A. Priority allocation of shares will go to Dynasty shareholders. (Qty, 30Apr07)
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melanie
Posted on: Jun 18 2007, 04:12 PM


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Posts: 162

In reply to: melanie on Monday 18/06/07 01:01pm

That was Mel's patience I was talking about, Vegemite, just in case it was ambiguous. (See I talk to myself!)
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melanie
Posted on: Jun 18 2007, 04:06 PM


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Posts: 162

In reply to: wolverine on Monday 18/06/07 12:57pm

Hi Claudia & Wolv

I liked Jay's saying on another thread - stocks go up and down for no reason! Takes the worry out of it.

Re that Harry Hindsight fellow, wolv, I know him well!

MCR has good exploration upside, is profitable, cashed up, planning new mines, and its territory is the heart of Kambalda. It's got HH stumped.
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melanie
Posted on: Jun 18 2007, 01:01 PM


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Posts: 162

In reply to: vegemite on Sunday 17/06/07 07:29pm

No negative sentiment at all, Vegemite, and most likely atrocious timing, (I have a talent for that), as development decision is just around the corner for Lucky Break, with positive news (expected) leading to commissioning of the operation, which will put Metallica in a new league. It felt a bit wobbly having too many paper profits on the board. Pangs already! PS I sold IGO for $1.50 so don't worry about the negs., just need to learn a little more patience. M.
(Holding MCR MMX ENB AVA DMA WME)
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melanie
Posted on: Jun 17 2007, 09:26 AM


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Posts: 162

In reply to: vegemite on Friday 15/06/07 07:52pm

Welcome, Vegemite. Have sold MLM, will peek in from the sidelines. M.
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melanie
Posted on: Jun 12 2007, 04:46 PM


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Posts: 162

Another 3,500 tonnes nickel per year, (MCR's share) for three years, as Carnilya Hill gets go-ahead - mine expected to commence Jan.08.

$28m capital cost over life of mine, expects to generate cash $200m (before tax).

Mincor's 5th new mine since 2001.

MCR delighted with exploration success at CH, and enjoys good working relations with its JV partner View Resources.

MCR expects exploration upside at Carnilya Hill.

(Yawn)
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melanie
Posted on: Jun 3 2007, 07:30 AM


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Posts: 162

In reply to: Damon22 on Friday 01/06/07 12:39pm

Haven't been near a computer for a few days, Damon, and read a snip in the Sat. paper! Your hot tip on the Low Market Cap big reserves thread would have been lucrative for anyone following up! Cheers to MLM'ers. M.
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melanie
Posted on: May 26 2007, 10:12 PM


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Posts: 162

An historic agreement has been signed between the traditional owners, the Wik and Wik Way peoples, and CHALCO, setting out terms for a 2-year feasibility study into a proposed bauxite mine on their traditional lands. with regard to the needs and aspirations of the Aurukun community. Metallica's 40% owned subsidiary, Cape Alumina, is holder of bauxite leases adjacent to those of CHALCO. That one of Cape Alumina's granted tenements (also following from an agreement with the Wik and Wik Way peoples) hosts a potential port site, is a coup for Cape Alumina, putting it in the "box seat".
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melanie
Posted on: May 18 2007, 02:31 PM


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Posts: 162

In reply to: radd on Friday 18/05/07 11:05am

Have to consider tax loss selling, as it hit a high of .285 this year. Only needs to prove up historic resource to be in a different league. Happy to wait and see. M.
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melanie
Posted on: May 17 2007, 04:36 PM


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Posts: 162

One of the three added bauxite tenements now granted to Cape Alumina (MLM 40%) is Hey Point, 7 k south of Weipa, rated “an excellent potential port site with natural deep water and access to the Weipa shipping channel”.

Cape Alumina’s tenements adjoin ground held by Chalco (granted the ex-Pechiney bauxite leases at Aurukun by the Qld. Govt) – whose projected development of mine and refinery is a $2.9 billion project.

China this year overtakes Australia as the world largest producer of alumina, but will remain a net importer to meet its rapidly increasing demand. This also augers well for the development of Cape Alumina’s bauxite assets.

timeline – drilling in August, Feasibility Study in 2008.

Would not be surprised following that to see Cape Alumina raise capital in its own right.

Have been following the excitement on the UMC thread re the MOU covering its bauxite assets in the Kimberley region, W.A., with a Norweigan company. For anyone interested in investing in Australian bauxite, Metallica Minerals is at present the back-door entry to significant Cape York bauxite assets, worth researching. (posting for research info., not investment advice) M.
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melanie
Posted on: May 10 2007, 06:35 AM


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Posts: 162

In reply to: El Barto on Wednesday 09/05/07 08:44pm

Hi El Barto, the info. posted comes from GRK's ASX anns. GRK estimated the drilling of the 2 deep wells near OD to cost $A20m, so they are seeking a "major" to show an interest. They made a general statement about this kind of project attracting government grants. The Hungarian drilling costs are "underwritten" by another party if it leads to nothing. GRK is seeking the "big prize" of supplying electricity to the expanded Olympic Dam - a project of "national significance".

http://sg.finance.yahoo.com/q/bc?s=GRK.AX&t=2y
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melanie
Posted on: May 7 2007, 08:42 PM


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Posts: 162

In reply to: Damon22 on Monday 07/05/07 03:26pm

Oops, forget the diamonds...it was a "prospective for" at their dud prospect at Prospect. Just another melanie moment...tks for humouring me! I'll stick to the basics - nickel, cobalt, bauxite, coal - should translate to future $$$ value...
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melanie
Posted on: May 7 2007, 02:19 PM


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Posts: 162

In reply to: Damon22 on Monday 07/05/07 10:22am

I'd lost track of those results, Damon. Rather impressive. Just one of MLM's suite of commodities, of unknown worth. Scandium, silver, titanium, diamonds - gold, barium, bismuth, beryllium - must all sound like poetry to a geologist's ears.
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melanie
Posted on: May 7 2007, 09:44 AM


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Posts: 162

Hello Damon, Obelix, & ...

Looking forward to major announcements pending, an “offtake aggreement” being one such, if I'm not jumping the gun. Closeness of Yabulu puts MLM in “box seat” as you say, Damon, and othewise direct shipping a possibility.

Brief summary below for anyone interested to follow Metallica’s heap leach nickel project at NORNICO, Greenvale nickel province, N. Qld.

Pilot plant vat tests showed:

75% Ni recovery in 40 days – vat leaching – 1.85% Ni (Lucky Break ore)

MLM’s JV partner Metals Finance Corporation (MFC) is currently undertaking further Vat tests to confirm this result.

“Metallica always had confidence in the heap leach processing technique on our nickel laterite ores and it has been further confirmed with the excellent results from the Lucky Break field test.” (Andrew Gillies)

Last resource statement was 26 November 2006:

JORC Resource for NORNICO 203,000 t contained nickel at 0.5% cut-off grade, if using 0.45% cut-off – 222,000 t – 10,000 tonnes per annum for 15-20 years.

The financial returns model was based on a conservative nickel price of US$5/lb and assumed 70% recovery – in-ground value of AUD $2.3 billion.

Present nickel price May 2007 – over $23/lb.

Resource definition covers 3 nickel-cobalt deposits at NORNICO (MLM 100%)
plus Lucky break JV with Metals Finance Corporation (MFC)

Resource does not include Kokomo Ni-Co deposit, this is at exploration stage.

There are several other identified but untested deposits at NORNICO.

Bell Creek and Minnalooka are current focus –in-fill drilling underway to upgrade some “inferred” categories to “indicated” measured status.

“Significant increase possible” in resources at Bell Creek NW and Minnalooka.

There is scope for further increases as each deposit is still open in one or more directions.

Maximum depth of deposits is 50 metres,
most are 20 metres from surface.

DEVELOPMENT decision for LUCKY BREAK – will be incorporated into Feasibility Study for much-bigger NORNICO project.

MFC doing Feasibility study on Lucky Break, aiming at 200-250,000 tpa – treatment rate – INITIAL project. This was due end Q1, now due May-June.

(Vision is to crank up to production of 1.5Mt pa at the Stage 2 – NORNICO development.)

Impurities:
Low Fe of the laterite is significant in that it indicates relatively low quantities of acid need to be used, and there would be "lower iron contamination in nickel pregnant solution".

Studies are presently concentrating on “recovering nickel from solution” – saleable product methodologies.

MLM is seeking to add to its technical team.

Good luck. M.
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melanie
Posted on: May 4 2007, 04:36 AM


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Posts: 162

In reply to: mme on Monday 30/04/07 09:08pm

Thanks, mme! Back in those days my .19c buy had sunk to .12c so I needed the laughs...cheers, M.
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melanie
Posted on: Apr 30 2007, 06:48 PM


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Posts: 162

In reply to: Crazy on Monday 12/02/07 09:59am

Quote: "I think it's heading for $4"

Spot on!

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melanie
Posted on: Apr 30 2007, 06:32 PM


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Posts: 162

In reply to: Damon22 on Monday 30/04/07 04:28pm

Now I see how it fits. Thank you for that, Damon. I noticed (re your earlier link) the concentrate from the Turkey heap leach project is shipped all the way to Yabulu, just down the way from the Greenvale, for processing; it will be much closer for MLM to make the trips.

The big news will be coming announcement May/June (will read it first on ss!)

2008 MLM's big year?





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melanie
Posted on: Apr 4 2007, 03:06 PM


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Posts: 162

Every chance the resource will match historic estimates, with WME having three times the ground Gold Fields explored, so worth waiting for, as the WME story unfolds. Can expect WME to divest non-core assets for added funds by and by, and make new aqusitions. Luck to holders.
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melanie
Posted on: Apr 4 2007, 02:47 PM


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Posts: 162

In reply to: Damon22 on Wednesday 04/04/07 02:00pm

Thanks, Damon. I'll check it out. M.
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melanie
Posted on: Apr 4 2007, 01:14 PM


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Posts: 162

In reply to: Damon22 on Tuesday 03/04/07 10:33am

Hello, Damon. Yes, MLM going sideways lately, not travelling in tandem with nickel prices as it seemed to do before. I always think it curious that non-producers still rise and fall with metals prices. I don't have a clear idea of what a larger-scale heap leach nickel operation looks like. I wonder what they do with the acid afterwards - is it recycled? They are in a "transition" stage between testwork and potential production, and the market is maybe looking for direction. Still a way to go yet - environmental clearances, more mining leases, power and water infrastructure, and technical work on getting the precipitated nickel into a "saleable" form. Now well financed, with possible divestment of coal assets to come, they say, by mid-year. I notice MLM refers to the Cape York bauxite as a "key asset"; it has huge potential value, and it seems a lot of the major holders are in MLM for their interest in this resource. Development of these assets should have a big upside for MLM that is not yet reflected in current SP.
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melanie
Posted on: Apr 2 2007, 03:35 PM


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Posts: 162

In reply to: Damon22 on Friday 30/03/07 12:48pm

Hello, Damon, that is a fair assessment you made. Within a few months they should have the technical data for a development decision on Lucky Break. At the earliest they could be in business late 2007, by their own assessment! By "long term" I was thinking the projects will be viable for decades once they begin. Just checked out the unlisted oppie situation - another 15 million with quite low conversion prices in 08/09, I have piggy-back on MLM's fortunes, some have piggy-bank! Cheers, Mel.
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melanie
Posted on: Mar 30 2007, 11:52 AM


Group: Member
Posts: 162

In reply to: BarraKing on Thursday 29/03/07 01:37pm

Hi, Barra, you are right. These are very long term projects, and this is early days.

NQ is being earmarked by the Qld Govt for major infrastructure upgrades to boost the mining industry. They are also looking at rebuilding the rail line that used to service Greenvale. This also won't happen overnight.

Bauxite drilling on the new tenements expected to commence in dry season – so grant of Cape York tenements should be soon. Can expect major news with an offtake agreement with Chinese trading partner, in due course.

Coal – evaluation of 223 sub-blocks for an open pit coal operation, as well as 25% JV with EMC on other sub-blocks in the Condamine Coal Project. Other JV partner Cougar Energy (CXY) is approaching the Queensland Government for government approvals to initiate UCG project on farm-in tenements. MLM may divest coal assets.

by 31 March – Metals Finance Corporation to complete feasibility study and column heap leach field tests for initial nickel operation, so can expect news soon.

I may as well just go fishing and stop trying to dot the i's. Mel.
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melanie
Posted on: Mar 23 2007, 01:50 PM


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Posts: 162

In reply to: Damon22 on Friday 23/03/07 12:23pm

That's significant news, Damon! Should help them advance the Wenlock bauxite project. News of grant of the next bauxite tenement should give MLM a leg up. It seems to be taking ages.
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melanie
Posted on: Mar 4 2007, 12:05 PM


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Posts: 162

In reply to: ormrod on Tuesday 27/02/07 08:07pm

Agree looks interesting, Ormrod, and if they attract a major as a JV partner in South Australia, would be significant news. Haven't followed lately, so checked it out and posting this info. mostly from ASX announcements for anyone interested.

Greek Rock Energy is a participant in a 3-way JV in Hungary to test out-of-use petroleum wells, with known reservoirs of geothermal hot water (trapped in sedimentary limestone), for suitability to establish geothermal power plants – if an initial power plant is successful, further wells are planned to be tested at sites already chosen, with “a suite” of power plants (2 – 8 MWe) envisaged to be built over a period of years. The hot water would also be reticulated for industrial purposes.

Further results re water flow rates for Ortaháza No.5 well production testing in Western Hungary (one of two wells being tested) are due soon. When the testing programme is completed later in 2007, feasibility studies would be undertaken.

Hungary is keen to reduce its reliance on “fossil fuels”. If successful tests lead to the construction of a 2-5 MWe geothermal power plant (envisaged for commissioning 2008) – which would be largely debt-funded - it would be a “first” for Central Europe. GRK has a 32% interest.

The wells are owned by MOL – the largest oil and gas producer in Hungary, and the lead partner in the JV (36%). About 70 wells have been identified as suitable targets.

By contrast, the proposed wells in South Australia target hot dry granite – where water needs to be pumped down. GRK is seeking the big prize of supplying energy to an expanded Olympic Dam and the surrounding area, with the vision of constructing a geothermal power plant with incremental growth in capacity (to in excess of 500 MW).

The results from an exploration well, Blanche No.1, of just over 1.9 km deep near Olympic Dam mine “...have confirmed the potential extent of the geothermal resources of these hot granites...” (Open Briefing 2Nov06 – see ASX ann.)

Blanche No.1 – The temperature measured at 1.9 km was 85C. “This granite body is interpreted to persist to depths of 6,000 metres near Blanche No.1 and cover an area of about 400 square kms of the GELS and represents a potential geothermal resource in excess of 1,000 MWe.” (pir.sa.gov.au)

Costs -

The testing process for Ortaháza No.5 is expected to be completed by July, 2007 – estimated cost for GRK is A$2.2 million, with further costs depending upon the project size.

A mini-fracture stimulation programme on the 1.9 km-deep evaluation well near Olympic Dam is needed before two new much deeper wells are designed (estimated cost of mini-fraccing - $0.4 million).

Costs for the Olympic Dam Geothermal Energy Project are estimated at around $A20 million for the next planned 2 deep wells and water flow testing over six months (if further testing on the first evaluation well is successful). GRK is seeking interest from “a major energy or similar company” to take an equity interest “through a farm-in or similar structure”. For such a company – the 20 million would be an “evaluation” cost – to be weighed against the size of the "prize" – being an estimated 40-year project to be a supplier of electricity to the expanded Olympic Dam (estimated from preliminary studies from data from the first well). (2Nov06)

Commitment to the OD Geothermal Project would occur after the drilling and water flow testing of the two deep wells. The deep well drilling plus commissioning of a 500 MW power plant is an estimated $1 billion project.

Completion date of planned expansion of BHP-Billiton’s Olympic Dam is estimated as 2013. By that time, Olympic Dam would need a greatly-expanded supply of electricity. The envisaged geothermal plant would be within 5 km of the high voltage Eastern Australian main power grid and 8 km from the OD mine. “The Olympic Dam geothermal project will be a massive world-class, long-life project with huge potential value.”

Classified as a “renewable energy” source, projects attract carbon credits or other government subsidies and incentives. Australian Government schemes offer significant grants for the development of renewable energy projects.

“In both the Hungarian and Olympic Dam projects the power plant technology at the surface is readily commercially available and has a high reliability.” (Open Briefing 2 Nov. 2006)

Advantages of geothermal energy – “Zero emissions and greenhouse gases are produced because of the enclosed nature of the water flow of the hot dry rock geothermal process.” No backup or storage systems are required.

Who will win the prize of supplying OD with future electricity needs? Perhaps more than one contender will succeed? GRK - today a 5.1c share – 2013?

[Another geothermal energy company, Petratherm Ltd, (PTR) also targets the supply of electricity to Olympic Dam, Roxby Downs, and the national grid. Geodynamics Ltd (GDY) has advanced projects in geothermal energy. Note – Eden Energy Ltd (EDE) plans to drill an untested oil/gas structure 60 km north of Olympic Dam this year.]

Hey, mme, if you read this – I missed your response to last post – this is still on my “watchlist” – with director buying 500,000 on-market recently, I’ll be watching more closely! Mel.

(Not holding – posting as research info.)



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melanie
Posted on: Feb 15 2007, 12:27 PM


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Posts: 162

In reply to: radd on Wednesday 14/02/07 01:59pm

Hi, Radd,

BMN are finding their drilling programme results are aligning with historic data, also finding "excellent correlations" between the downhole spectrometer readings (equivalent parts per million) (eppm) and the assay readings (ppm); also they may add to the historic resource by deeper drilling. All this is significant for WME in that they plan a similar programme to confirm the historic resource estimate of Gold Fields. WME not much loved, but understandable as they are not as advanced in their work. The interpretation of the results of the aeromagnetic survey are not due 'til the March quarter. They did give a hint there would be positive news in this regard.

By end of Feb. - should have located the missing holes!



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melanie
Posted on: Feb 7 2007, 03:45 PM


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Posts: 162

Who is Xinfa? Xinfa is big!

Chiping Xinfa Huayu Alumina Co. Ltd. (XINFA) is an independent Chinese alumina-aluminium enterprise with over $US3.2 billion in capital assets. It operates a large industrial complex in Shandong province, including several power stations, a 700 ktpa aluminium smelter, the Chiping Alumina refinery, and aluminium fabrication enterprises.

“Xinfa represents a natural business partner for Cape Alumina...” (24 Aug. ‘06)

The announcement today is very positive for Cape Alumina and MLM. Funds for the intended purchase by Xinfa of 10% of Cape Alumina will be partly used towards the development of the Cape York bauxite assets.

It opens marketing opportunities for Cape Alumina, and is of mutual benefit to Xinfa, who presently do not own the bauxite it uses for its enterprises.

It is expected that the remaining tenements will be granted in the first half of this year.
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melanie
Posted on: Feb 7 2007, 01:11 PM


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Posts: 162

In reply to: Damon22 on Wednesday 07/02/07 12:59pm

Welcome, Damon22. That's very good news, I'm happy to hear it.
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melanie
Posted on: Feb 6 2007, 09:23 PM


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Posts: 162

In reply to: battler on Tuesday 06/02/07 04:51pm

Hi, ...from Mesoblast’s Annual Report 2006 – “A number of leading orthopaedic companies have FDA-approved carrier materials that could work equally well in bone regeneration applications in combination with our proprietary stem cells. These materials do not work sufficiently well to be used alone.” The combined product “induced significantly superior bone repair.”

Mesoblast has anticipated a “collaborative relationship with a global device leader.”

So I think the partnerships or collaborations may have to do with a delivery system for the stem cells for their specific applications such as spinal fusion, or muscle regeneration of the heart. It would be a step towards commercialisation of the proprietary adult stem cell technology.

Angioblast Systems Inc. has such a relationship with Cordis Corp., a Johnson & Johnson Co. – relating to a system for the safe delivery of the stem cells to the heart.

Cheers, Mel.
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melanie
Posted on: Feb 6 2007, 11:56 AM


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Posts: 162

In reply to: kahuna1 on Sunday 04/02/07 03:41pm

Hi, K1,

A very quiet achiever, outshines cash in bank!
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melanie
Posted on: Jan 31 2007, 12:01 PM


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Posts: 162

UraMin with the Trekkopje uranium deposit and Forsys Metals with the Valencia deposit both also had historical data from Gold Fields' previous drilling programmes, and both of these companies are working towards becoming producers, with UraMin recently raising more capital, and becoming dual-listed. West Australian Metals has stated it is working to define at least the historical resource estimates. As to how close the updated resources of the above two companies are to the initial Gold Fields' estimates, worth checking out.
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melanie
Posted on: Jan 30 2007, 07:14 PM


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Posts: 162

Metallica Minerals subsidiary Cape Alumina (50% owned by MLM), is targeting an insitu bauxite resource of between 50-150 Mt on two tenements, and has commenced a Scoping Study into establishing a bauxite mining and export operation, following the JORC-compliant resource statement released on 22 Jan. covering one granted tenement.

EPM 14547 – 54 Mt – indicated and inferred resources of insitu bauxite (JORC-compliant)
EPM 15278 - ? Mt – contains “Wenlock North” and extensions of the Catfish Creek Deposit, and is yet to be drilled.

Drilling is expected to commence in the 2007 dry season.

The bauxite resource defined to date is less than 1 metre below the surface, and has characteristics that appear to suit a low-temperature Bayer refinery process.

Following an agreement with the Wik and Wik Way People in 2006, Cape Alumina is anticipating the grant of 3 more tenements, EPM 15054, Hey Point; EPM 15263 North Coconut; and EPM 15272, Weipa East, all prospective for bauxite occurrences. (see ann. 2 Nov ‘06)

Cape Alumina has 16 Exploration Permit (Minerals) Applications, covering 2,240 sq km of Cape York bauxite occurrences.

NORNICO nickel project is MLM's flagship project, Cape York bauxite assets adding vaue, with commencement of studies into an export operation now formally commenced. Will Xinfa take up option to buy into Cape Alumina? We'll know soon.
  Forum: By Share Code

melanie
Posted on: Jan 27 2007, 11:40 AM


Group: Member
Posts: 162

In reply to: diana on Friday 26/01/07 11:51am

Thanks, Diana, I wasn't up to speed on that bit of news. Looks like a race between UraMin and Forsys Metals to be No. 3 in Namibia.

WME's Marenica Project has a long interpreted paleo-channel adjoining the former Gold Fields area of activity, so the prospects for discoveries outside of the historic resource area of Anomalies 1 to 4, are real.

Cheers.
  Forum: By Share Code

melanie
Posted on: Jan 25 2007, 02:14 PM


Group: Member
Posts: 162

In reply to: melanie on Wednesday 24/01/07 12:36pm

At this stage, WME is focussed on finding the actual physical locations of the approx. 900 historic drill holes, the maps for which have been lost. They expect to complete this work by mid- to late February. Already over 1,000 holes have been physically located (these had been mapped). Holes identified as “open” will have a “probe” test for radiometric logging, the aim of which is to help to design a shorter drilling program.

The aeromagnetic data is being processed for preparation of images for interpretation, and target mapping.

The actual drilling programme hinges on this preparation work, and will be done in the first half, maybe not the first quarter.

Results for Trench Sampling – Phases I and II have been reported, but 30 samples taken from trenches in Anomaly 1 area were mislabelled and not assayed.

WME will update the market in the March quarter as to the interpreted results of the aeromagnetic survey. The Company is confident of positive news in this regard.

The Company's aim is to achieve a JORC-compliant resource estimate. An 8,000 tonne (18 million lbs) resource was previously defined by Gold Fields, but is not compliant with present day standards, and needs upgrade.
  Forum: By Share Code

melanie
Posted on: Jan 24 2007, 12:58 PM


Group: Member
Posts: 162

Thanks a heap to the posters here, followed up and bought in at 1.79. Noticed they wanted bank account details, never had that happen before with a non-dividend paying stock. Perhaps it will save their paperwork down the track?
  Forum: By Share Code

melanie
Posted on: Jan 24 2007, 12:44 PM


Group: Member
Posts: 162

In reply to: Marana on Monday 22/01/07 10:43pm

Hi Marana,

Very strong upswing these past few months, happy to be holding mid- to long term, and see some of their projects through to maturity.





  Forum: By Share Code

melanie
Posted on: Jan 24 2007, 12:36 PM


Group: Member
Posts: 162

In reply to: melanie on Thursday 21/12/06 04:31pm

WME will commence in the first quarter '07: "A radon survey to investigate areas covered by barren surface material for new concealed/blind uranium deposits" in the paleo-drainage system - about 35 km.

The airborne radiometric and magnetic survey data has now been recieved and is being processed by a geophysical company.

WME is commencing studies in preparation for an environmental impact study over the Marenica Uranium Project area.

Over 1,000 previously drilled holes have been now identified, allowing a more speedy route to gain data for a JORC-compliant resource, other drill-hole data having been lost or mislaid from Gold Fields earlier drill programme.

Prospectivity for metals other than uranium will also be assessed.

  Forum: By Share Code

melanie
Posted on: Jan 22 2007, 10:41 AM


Group: Member
Posts: 162

In reply to: rkch on Thursday 14/12/06 07:36am

Hi, rkch, Wenlock resource statement out today, market liked it, MLM .84c. Chinese company, Xinfa, has 30 days to exercise option to buy 10% of MLM's 50% stake in Cape Alumina, which would give it equity in other tenements expected to be granted, and other applications if granted, containing bauxite occurrences.

Waiting 'til I can say "Move over, Mirabela," Kline, but it's a bit hard to catch! with dual listing coming soon. I expect Cape Alumina will spread its wings and need its own funding by and by, with the Wenlock deposit set to be mined if all goes well.

  Forum: By Share Code

melanie
Posted on: Dec 21 2006, 04:31 PM


Group: Member
Posts: 162

Hi, all.

Just for the record, re other close-by deposits –

UraMin (listed on AIM on 21 Apr 06), is now dual listed - UMN listed on the Toronto Stock Exchange on 18 Dec. 2006 – has plans to advance Trekkopje Uranium Project to trial mining, possibly by late 2007. (Includes Trekkopje and Klein Trekkopje deposits). Strong technical team in place.

Forsys Metals holds the Valencia uranium deposit – and has undertaken drilling to confirm previous Goldfields drilling. Listed TSX-V:FSY.

Proximity of these deposits to Marenica deposit can be seen on Airborne Radiometrics map (Geological Survey of Namibia), pp 25-26, Company Presentation, WME ASX ann. of
13 November 2006.

WME believes that a large area of the licence that is blanketed by sediments may conceal "uranium mineralisation having little or no surface radiometric expression". "It is the company's view that, in addition to the known Anomalies 1 to 4, extensive zones of near surface uranium mineralisation may be buried below the sediment cover in the vicinity of Anomaly 4 and further west along the palaeochannel." (Annual Report)

Something to remember - a radiometric survey may not paint the whole picture.
  Forum: By Share Code

melanie
Posted on: Dec 20 2006, 10:10 AM


Group: Member
Posts: 162

Ashok Leyland has made announcements to the London and Mumbai Stock Exchanges regarding its agreement with Australia's Brehon Energy.

The company will be able to produce its 6-cylinder H series engines to operate on Hythane. CNG blended with hydrogen - dramatically reduces gaseous emissions compared to CNG. The new engines will meet BS4 emissions norms.

New emissions standards - driving acceptance of Hythane for commercial production.
  Forum: By Share Code

melanie
Posted on: Dec 17 2006, 08:52 PM


Group: Member
Posts: 162

Eden Energy – diversified energy company – focussed on development of hydrogen fuels; fuels transport and storage; coal bed/coal mine methane; gas; geothermal energy.

- Eden Energy and Brehon Energy PLC merged in December 2005; Eden Energy became 100% owner of Brehon Energy plc, which is now a subsidiary of Eden Energy.
- EDE listed June 2006.
- Eden states it has 100% ownership of global Hythane® business and of cryogenic storage business through 100% ownership of Brehon Energy PLC. (Annual Report)
- Generically Hythane® is known as HCNG: hydrogen-compressed natural gas.
- Hythane® fuel is especially suited to heavy-duty vehicles such as buses.
- Hythane® can be integrated into existing infrastructure – natural gas fuelling stations.
- Brehon Energy … owns or has rights to Hythane® technologies, has engineering knowledge for Hythane®, is acquiring and developing hydrogen related technologies; has a world class technical team; patents and patent applications.
- Brehon Cryogenics LLC – its subsidiary – has received its first order from NASA. Its focus is Cryogenic storage for hydrogen, Hythane® and LNG fuels. “The new company, Brehon Cryogenics, will work with Denver-based sister subsidiary, Hythane Company, to fabricate cryogenic hardware for use in alternative fueled vehicles, fueling stations, aerospace, energy, and industrial applications.” from (evworld.com) (Cryogenics business acquired April 2006 by merging with a cryogenics company to form a new division.)
- Hythane Company is based in Denver, Colarado, together with its sister company Brehon Energy.
- Hythane Company is a wholly-owned subsidiary of Ireland-based Brehon Energy PLC.
- 2006 – first DoE (Department of Energy, USA) contract for comparative study of Hythane/hydrogen engines – Eden Energy sees this as landmark entry point into US automotive markets. (US govt green funding grant for long-term trial of Hythane®)
- June 2006 – Brehon Energy announces collaboration agreement with Advanced Engine Components, (AEC) (which supplies patented technologies to enable engines to run on natural gas), regarding conversion of engines to use in Hythane® in demonstration projects. “AEC’s natural gas vehicle system, which allows diesel engines to run on natural gas, is suitable for both liquefied natural gas and compressed natural gas engines.”
- “AEC has already forecast a maiden profit for the current financial year after starting commercial sales of its natural gas engine conversion kits to big Chinese customers this year.” (After losses in previous years.)
- Eden Energy - Gas exploration - South Australian hydrocarbons – Arthur Hill Anticline – application grant pending – large untested oil/natural gas target 60k n. of Olympic Dam has “geophysical footprint” of 100 km x 10 km.
- Eden Energy - 7 Geothermal licences – first drilling begins 2007 at Renmark – strategic vision to harness Hot Dry Rock energy not only for electricity but also for production of hydrogen fuels.
- Revenue potential – South Wales coal seam methane project– proposed AIM listing for funding. Aim – sell to UK markets (strategic vision)
- Projected revenue - from regional franchise fees – China India, USA – (Please note, this is a “strategic vision”, not an actuality.)
- Legislation - India – April, 2006 – approves a National Hydrogen Energy Roadmap that calls for the creation of infrastructure for hydrogen production, storage, transportation and distribution; research and development, and demonstration.
- 2006 – Indian Oil Corporation – has Hythane® refuelling station at its R&D centre near Delhi.
- Research programme with University of Queensland – low cost/low temperature production of hydrogen from natural gas – target – to produce Hythane® directly from natural gas
- Hythane® is seen as interim low emission transitional strategy to more advanced hydrogen technologies still being developed.
- Driver for commercial acceptance of Hythane® – new emissions standards in US/Europe
- Eden Energy since listing is no longer controlled by Tasman Resources, TAS is major shareholder.

(posting research info. for general info. only, this is not investment advice)
  Forum: By Share Code

melanie
Posted on: Dec 16 2006, 08:45 AM


Group: Member
Posts: 162

I do take on board posters' cautions.

Eden Energy is seeking commercialisation of Hythane technology, which it says is "market-ready" - ie it is not producing cash flow from its patented technology (which is one of a number of competing technologies in the alternative fuels market).

It is a long slow process to import a bus engine from India to Colorado, do the conversion, and return it. The end aim would be for the Indian parties to do their own conversions.

Eden Energy has previously advised the market of delays re China .

Chinese Yuchai natural gas engine that was successfully converted to run on Hythane® (2005) has not received certification in China or been demonstrated in China. This “project has been delayed while Brehon negotiates commercial arrangements for its ongoing participation in the Hythane® roll-out in China, which is anticipated to occur over the next 2 years”. (Annual Report)

The MOU with China: “Brehon is awaiting outcome of a tender submitted to the US Dept of Energy to build a Hythane® refuelling station in Beijing as part of a DoE demonstration project for the 2008 Beijing Olympic Games.”

Several proposed demonstrations projects in the US await funding (ie rely on green grant funding).

On listing – (June 2006) - negotiations with engine bus engine manufacturer for Hythane® conversion.

India – negotiations with 2 major regional natural gas suppliers, with a view to securing one or more Hythane® bus demonstrations in 2007. (Annual Report)

6 June 2006 – Advanced Engine Components signed an agreement with Brehon Energy plc to collaborate in development and promotion of Hythane® powered engines. AEC (listed as ACE) holds patented natural gas (NG) vehicle system. Brehon will purchase AEC’s NGVS (natural gas vehicle system) units and components for use in its demonstration projects.

The agreement with Brehon gives AEC entry to US markets for its existing NG system. (Brehon Energy and Hythane Company are based in Colorado.)

Advanced Engine Components (listed as ACE) has had a speeding ticket also, and a recent substantial holder notice.

27 Nov – Eden Energy announced it was negotiating a formal marketing agreement with an Indian engine manufacturer (regarding Hythane® powered buses).

Eden Energy has stated the announcement on Monday relates to those negotiations.

India – legislation – Supreme Court order supports phase-out of diesel buses. (A delayed but ongoing process.)

Eden and Brehon PLC merged in December 2005 – Eden then became 100% owner of Brehon PL and 100% ownership of global Hythane® business and of cryogenic storage business. (Back in 2004, Eden Energy did not fully own Brehon Energy.)



  Forum: By Share Code

melanie
Posted on: Dec 14 2006, 11:39 AM


Group: Member
Posts: 162

"Landmark climate change ruling puts heat on industry
Anne Davies State Political Editor
November 28, 2006

"THE climate-change impacts of new industries, including burning coal extracted from NSW mines, will have to be considered by the State Government following a landmark judgement yesterday.

"The court victory for a 26-year-old environmental activist, Peter Gray, has put another hurdle in the way of Centennial Coal's giant Anvil Hill coalmine, planned for the Upper Hunter. While the decision, delivered in the Land and Environment court, does not block the mine's development entirely, Justice Nicola Pain ruled that a crucial step - the director-general of planning's acceptance of the environmental assessment - was flawed and invalid.
The Government will now have to take account of the greenhouse gas emissions from burning the mine's output - even though 80 per cent will be exported.

"And the case is likely to have ramifications far beyond Anvil Hill. All greenhouse gas producing developments will now be required to include an assessment of their contribution to global warming. This could include coal mines, steel mills, electricity plants, and even new tollways."

Comment: UCG - coal is not burned but converted to liquids - wastes remain underground.
LNC now has technical expertise from Russian experts.

Another UCG stock is PCE - Pinnacle VRB will rename under Cougar Energy, its coal-to-liquids subsidiary, and is in a JV with MLM. Kingaroy coal deposit is being assessed for its suitability for a UCG project.
  Forum: By Share Code

melanie
Posted on: Dec 13 2006, 01:24 PM


Group: Member
Posts: 162

...speeding ticket...EDE say they are finalising agreements re Indian bus conversions to Hythane® fuel, not yet at announcement stage, expect a day or two they say. Interest follows broker presentations in Sydney a week ago.



  Forum: By Share Code

melanie
Posted on: Dec 13 2006, 01:16 PM


Group: Member
Posts: 162

Independent Chinese aluminium refinery (Xinfa) have agreed to an extension of time to 31 Jan. '07 for release of initial resource estimate on the Wenlock bauxite deposit. It is expected a further 3 bauxite tenements will be granted in early '07, and a drill programme is being designed.

Reason for delay - labs snowed under.

Regarding future markets for Qld. bauxite - statistics reveal Chinese bauxite imports rose five-fold to 8.020Mt in the first 10 months of 2006. (see MLM ann. today)

MLM JV with Cougar Energy (30:70) on assessment of Kingaroy coal tenements for suitability for a "coals-to-liquids" project - drilling also delayed due to shortage constraints, commencing soon. Cougar Energy parent Pinnacle VRB (PCE) will change name to Cougar Energy and focus on coals-to-liquid projects in conjunction with development of VRB-ESS batteries (which are for storage of electricity). For research, compare with another Qld. UCG (underground coal gasification) stock - Linc Energy - LNC.



  Forum: By Share Code

melanie
Posted on: Dec 13 2006, 11:52 AM


Group: Member
Posts: 162

In reply to: macrae on Wednesday 13/12/06 11:08am

The market doesn't get this excited about hot rocks! Wonder what's in the pipeline?

Bet you're glad you climbed aboard, macrae!





  Forum: By Share Code

melanie
Posted on: Dec 11 2006, 01:23 PM


Group: Member
Posts: 162

In reply to: x-ray on Monday 11/12/06 11:17am

Might be to do with California’s global greenhouse legislation AB 32, now at implementation stage.

California – investing in the “Hydrogen Highway”. (“The goal of the initiative is to rapidly modernize California’s transportation infrastructure and economy to support the use of hydrogen energy.”)

EDE is awaiting outcome of Californian Air Resources Board (ARB) proposal to approve Hythane® as Near Zero Emission Fuel under new emission standards.

Hythane Company has a website.

“As an alternative fuel, Hythane® blends hydrogen with natural gas to meet increasing global emissions standards,” said hydrogen industry pioneer Frank Lynch, company founder, co-inventor of Hythane ...
www.hythane.com

(posted for research info. only)

  Forum: By Share Code

melanie
Posted on: Dec 2 2006, 06:39 PM


Group: Member
Posts: 162

Xinfa’s option to purchase 10% of Metallica’s 50% interest in Cape Alumina is conditional on exercising the option within 30 days of the initial bauxite resource statement. The Wenlock bauxite deposit covers an area of 21 sq km on the one tenement so far drilled, and intrudes on to an adjoining tenement yet to be granted.

MLM says a payment of $4.625M for the exercise of the option will potentially value Metallica’s holding in Cape Alumina at 23M. (That’s all 15 tenements, 14 yet to be granted, not just Wenlock.) I bet those wily Chinese can’t wait! (This seems to me like chicken feed!) On the other hand, it may give Cape Alumina an entrée into Chinese markets and expertise, so it may be worth much more to MLM than it seems. (My thoughts only.)

There are also Anegada shareholders on the MLM register in for the bauxite (Russia-Eastern European) – just sitting and waiting for the value to be realised. If you visit the Cape Alumina website they talk of floating the bauxite assets, but this has not been mentioned for a while by MLM – after all, 14 of the tenements are still to be granted.

Nickel is MLM’s core business, but am looking for the bauxite resource statement to be the next big news. (“By December” must mean anytime soon!)

Disclaimer: These are my thoughts only, posted as research info., and not meant at all for investment advice, so seek pro advice to meet your own investment needs.
  Forum: By Share Code

melanie
Posted on: Nov 27 2006, 11:31 AM


Group: Member
Posts: 162

After receiving "Most Promising" award at the 2006 Energy Venture Fair in Santa Clara, California, Denver-based Hythane Company, a subsidiary of Eden Energy, has gained a lot more attention for the potential of its fuel, Hythane®. It is now seeking to penetrate the Indian market for its low-emissions fuel blend (see today's ann). Watched this for a while, and thought it had "acceptance risk" but if it does penetrate the markets as it hopes, it will be too good to just watch! Bought in last week!

(This is not meant as investment advice, but is posted for research info.)
  Forum: By Share Code

melanie
Posted on: Nov 11 2006, 08:54 PM


Group: Member
Posts: 162

In reply to: Keith49 on Saturday 11/11/06 12:37pm

I bought into Cougar Metals (CGM) recently. They have the Alta Floresta project in Brazil, where a drilling program was begun earlier this year. The first three targets yielded high grade results. With proceeds from options (Dec 06), they will be able to fund drilling and exploration in the coming year in Brazil, of up to $6m. CGM have also flagged that they plan to divest their WA nickel assets, and the Cue Gold Field asset. In the past year the Company has demonstrated its commitment to a long-term stay in Brazil by setting up local infrastructure, and importng their own two drilling rigs. They have a third rig on hire. The alluvial gold was previously mined by local artisinal miners, and their targets are the veins below these historic workings, as well as new exploration targets identified in their recent radiometric survey. I realise there are issues such as sovereign risk, and environmental issues, but have bought as a "speculative" buy. Some initial assay results are yet to be released. I liked Randal Swick's own jump-out-of-the-skin enthusiasm for the project. Here is a link:

http://www.minebox.com/story.asp?articleId=7511

I recall when AVO was 11c in '04 - that was a multi-bagger!

Disclaimer: Mel's stockpick is not intended as a recommendation to anyone, but this post is for research info. only.

  Forum: Macro Factors

melanie
Posted on: Nov 9 2006, 08:42 AM


Group: Member
Posts: 162

I should have addressed last post to thread. I haven't looked at Mirabela Nickel yet, so have no comments on that.

Hi mme - thanks for your feedback!

I was caught by surprise to read of the expiry date of over 10 million options at end of this year. Note to self - never be too optimistic about share price movements, nothing is ever certain.

Disclaimer: I have no desire to influence anyone to buy or sell MLM.
  Forum: By Share Code

melanie
Posted on: Nov 7 2006, 09:11 PM


Group: Member
Posts: 162

In reply to: kline on Monday 06/11/06 10:31am

"It is the Company's vision to build a highly profitable and long-life heap leach nickel cobalt operation, producing nickel (initially as MHP) at a rate of around 10,000 tonnes per annum for a project life of around 20 years." (less in early years) (Annual Report) Nickel resource upgrade flagged for this month, should reveal the viability of the NORNICO nickel project. Scoping study based on Ni. price assumption of US$5/lb LME, and still "robust".

JORC-compliant bauxite resource calculation for initial drilling due December, (methinks there will be a little flurry then), 3 more Cape York bauxite leases close to being granted. Bauxite assets should unlock more value to the Company.

Top 20 holders hold 64% of MLM. Kagara Minerals Ltd placement was at av. 17.08c last Nov., this has been a good investment for them. SP is well over 100% of what it was last Nov and anns. coming soon I expect will be positive. I see more upside! esp. in time.

The previous spike seemed to relate to the bauxite drill program, but time will pan it out. Also flagged in the Annual Report - possible IPO JV or Equity partners for Kingaroy Coal Project.


(Mel's posts are not intended as investment advice, but as research info., & selfintristic opinions. ) (I learned that gem of a word in a ss post.)
  Forum: By Share Code

melanie
Posted on: Nov 2 2006, 06:02 PM


Group: Member
Posts: 162

CGM caught the gold bug, sold one of its WA nickel assets for $4.55 m., set itself up in Brazil, and began to drill gold targets. First 3 targets yielded high-grade mineralised intersections. Radiometric survey & aeromagnetic survey undertaken in August 2006 – will hear more when evaluations completed.

The Alta Floresta gold belt produced an estimated 5 million oz gold between 1982-1995. Local artisinal prospectors lacked the technical know-how to exploit the high grade quartz-sulphide veins deeper down. Along comes CGM with, presumably, the technical know-how. Find that an existing mine excised from the project area is producing gold with a reported average grade of 30g/t Au. – with 70% of the mine’s gold yet to be extracted, and better grades deeper. CGM excited about own prospects.

CGM’s Alta Floresta Project “offers strong potential for the discovery of multiple, low-to-medium tonnage high-grade gold deposits”. CGM’s aim is to select prospects to progress towards a resource definition in 2007.

Need working capital. Very handy – over 27 mil. options due for expiry 31 Dec. 2006 will bring cash into coffers.

Company wants to avoid share dilution - CGM may consider acquiring existing mines with early cashflow potential, enter into JVs or sales of project areas, to raise working capital and avoid capital raisings. CGM is proving up Pyke Hill Project, nickel-cobalt, (W.A.), from indicated to measured status.

Alta Floresta Project area comprises 3,000 sq km, with 40% of the tenements being granted to date, CGM 100%.

Almost 45 m shares on issue. Over 27 mil. options. Expected capital from options, over $6m, will fund ongoing exploration and evaluation on their Brazilian gold tenements in 2007 year.
  Forum: By Share Code

melanie
Posted on: Oct 11 2006, 05:32 PM


Group: Member
Posts: 162

In reply to: miningnut on Wednesday 11/10/06 03:33pm

Fortescue Metals Group has a federal court challenge underway to BHP-Billiton's exclusive use of railway infrastructure in the Pilbara.

"Fortescue is seeking access to the railways used solely by the global mining giant, to enable development of the Mindy Mindy iron ore deposit..." (Courier-Mail Oct 10)

CSM is the JV partner to the Mindy Mindy project.

A win would be a plus for CSM.

  Forum: By Share Code

melanie
Posted on: Sep 28 2006, 12:30 PM


Group: Member
Posts: 162

In reply to: kline on Thursday 24/08/06 11:00am

Hi, Kline,

Yes, the NORNICO nickel project is looking promising, and MLM getting some attention now following the radio audio broadcast on 22nd.

I'm looking forward to the bauxite drill results - nearly 600 holes drilled to date on Wenlock bauxite deposit east of Weipa, the first granted of 15 applications taken over bauxite occurrences by MLM. China's largest independent alumina refinery (Xinfa) now has an option to acquire a 10% stake in Cape Alumina, presently 50% owned by MLM.

Much more interest since it was announced recently that Chinese company CHALCO has received go ahead by Qld Govt to develop the Aurukun bauxite deposits, envisaged to supply alumina to the Chinese market.

Cape Alumina has similar plans!

All this takes time, CHALCO's feasibility study over Aurukun will take 2 years. Very timely for MLM though with focus on bauxite, and interest from China blending well with Cape Alumina’s project aims.

I expect further value will be added to MLM when other Cape York applications are granted.
  Forum: By Share Code

melanie
Posted on: Sep 21 2006, 03:04 PM


Group: Member
Posts: 162


Marenica uranium prospect in Namibia is WME's major asset after it changed its focus. Namibia is Africa's second largest uranium exporter, having Roessing, soon Langar Heinrich, and a third mine Trekkopje envisaged, Namibia is tipped to become Africa'slargest u. exporter. WME gaining interest today. Holding as spec u stock.
  Forum: By Share Code

melanie
Posted on: Dec 20 2005, 12:17 PM


Group: Member
Posts: 162

PMH has identified uranium anomalies and occurrences in the Olary Project, in which PacMag can earn up to 75% equity with JV partner Giralia (GIR).

Expected January 2006 – results of Blue Rose drill testing.

Planned for Q1, 2006 - "follow-up sampling and review of the potential of uranium targets in the Olary Project", some of which have not been looked at on the ground.
  Forum: By Share Code

melanie
Posted on: Dec 20 2005, 11:35 AM


Group: Member
Posts: 162

GRK has been awarded a PACE grant to assist fund the 2006 drill target a few km from Blanche No. 1.

“Green Rock Energy’s tenements are within a few kilometres of a high voltage transmission line which connects to the National Electricity Grid and a similar distance for the world class Olympic Dam mine, making the project Australia’s ideally positioned geothermal energy project.” (ASX ann 20Dec)

High costs and long time-frames with uncertain outcomes are the bugbear of this industry, but imagine if it did work out for them.

  Forum: By Share Code

Poll: Uranium
melanie
Posted on: Dec 19 2005, 03:35 PM


Group: Member
Posts: 162

Southern Cross Resources, holder of the Honeymoon deposit in South Australia, changes name to "sxr Uranium One" and has secondary listing on the JSE from 19 Dec.

“Court sanctions Southern Cross takeover of Aflease
Johannesburg, South Africa
6 December 2005

The High Court of South Africa on Tuesday today approved the acquisition of Aflease Gold and Uranium Resources by Canadian-listed Southern Cross Resources.

Southern Cross is acquiring all the issued shares of Aflease through a scheme of arrangement.

The High Court approval follows near-unanimous support for the transaction at meetings last month of shareholders of Aflease and of Southern Cross.

Southern Cross shareholders also voted in favour of changing the company's name to "sxr Uranium One".

Sxr Uranium One Inc now holds gold and uranium assets in South Africa, Canada, and Australia, including the Australian uranium project, Honeymoon -- one of the few fully-permitted uranium projects in the Western World.

Sxr Uranium One will have its primary listing on the Toronto Stock Exchange and a secondary listing on the JSE.

Aflease shares will be suspended from trading on the JSE at the commencement of trade on 19th December, and shares in sxr Uranium One will be listed on the JSE and will trade for the first time at commencement of trade on the same day.

Aflease CEO Neal Froneman, who will be the CEO and President of sxr Uranium One, said: "I am encouraged both by today's approval by the High Court for this transaction, and by the terrific backing which the transaction has received from both Aflease and Southern Cross shareholders.

"We will enter 2006 with a global uranium company, with great assets in South Africa, Canada and Australia, and I am heartened that we have the backing of shareholders for the decision to create sxr Uranium One.

"This is a significant milestone for Aflease, and the birth of sxr Uranium One signals our arrival on the world stage.

"Our strategy remains to bring the Dominion Reefs mine near Klerksdorp, South Africa, into production in 2007, and to continue with exploration, to prepare for the development of our other properties.

"The uranium and gold markets are very robust, and I am convinced we have a number of very attractive assets, and that we are becoming a force to be reckoned with on the global mining scene," concluded Froneman. - I-Net Bridge” "

  Forum: Macro Factors

melanie
Posted on: Dec 16 2005, 05:37 PM


Group: Member
Posts: 162

Cape Alumina P/L (50% MLM owned) now is largest holder of bauxite acreage on Cape York (3,700 sq km), i.e., most of bauxite occurrences outside of Comalco and Alcan leases. Should these "applications" be granted, will be another plus for this company. Approval process takes into consideration "native title" issues, which it seems is taking longer than anticipated. In October, MLM acquired 1,200 sq km EPMA 13838 north of Weipa when it acquired 100% of Sigma Kaolin Ltd - they hope this will expedite approval processes. They plan a development scoping study over next 12-18 months. (ASX ann 26Oct) This is just one "company making" project of MLM. At the AGM Mr Gillies said he thought MLM's acreage was better-placed to infrastructure than the ex-Pechiney leases, (as far as I know these have not yet been taken up, and the Qld govt holds them).

He said also that he saw the NORNICO project as currently around 85% of value of the company. Extra capital raised from KZL placement is committed mainly to advancing NORNICO heap leach nickel project.

MLM has four "company making" assets - coal (new coal assets acquired this year, and private company formed), bauxite, (Cape Alumina & Anegada 50:50), scandium (JV with Straits, SRL) and nickel. + JV with BHP (25% MLM, with gravity anomalies to follow up), JV with Glengarry (uranium), tho' U still a Qld sleeper.

Great to read your comments re MLM's strategic alliance with KZL, swandc. Good luck to holders!
  Forum: By Share Code

melanie
Posted on: Dec 13 2005, 03:56 PM


Group: Member
Posts: 162

PMH shares distributed in specie to Giralia (GIR) shareholders will commence quotation on ASX on 14Dec05 (anticipated).

PMH shareholders on the register in approx. 3 mths time will be entitled to pro-rata entitlement of 1 c options (conditions to be advised).
  Forum: By Share Code

melanie
Posted on: Dec 8 2005, 11:07 AM


Group: Member
Posts: 162

PMH's Blue Rose copper-gold-molybdenum project has been granted PACE funding of $100,000+, drilling to commence Jan. 06.

Acquired from Giralia (GIR), PMH can earn up to 75%, GIR 25%.

  Forum: By Share Code

melanie
Posted on: Nov 16 2005, 08:12 AM


Group: Member
Posts: 162

In reply to: crowman28 on Tuesday 15/11/05 10:34pm

http://www.pir.sa.gov.au/pages/minerals/in...D=2233&tempID=1

The news last month of RMG Services JV with Teck Cominco on Carrapateena was so significant to the Mox that they made Punt Hill the top priority. They plan to define drill targets between Dec 05 and Jan 06 - and drill March 06, timetable to be announced, but after defining targets will be "well placed to finalise an agreement" with the "potential major JV partner/s".

MOX has sufficient working capital for 2 years, and has applied for PACE funding for the Ambrosia prospect (drilling and analyses between Jan-Feb 06).

Some added capital from a major would come in handy and add value.

Also of note - Drill hole PRL22 of earlier exploration at Punt Hill intersected basement at 252m - shallower than results at adjacent Carrapateena.
  Forum: By Share Code

melanie
Posted on: Nov 9 2005, 12:23 PM


Group: Member
Posts: 162

In reply to: BSA on Wednesday 09/11/05 10:00am

Thanks for your helpful reply, BSA, I'll follow it up.

cheers

melanie
  Forum: Off Topic Chat

melanie
Posted on: Nov 8 2005, 06:24 PM


Group: Member
Posts: 162


This recipe, copied from my an old newspaper, was published without any quantity of water - can anyone give an estimate of water needed for this recipe? Thanks in advance. I have transcribed the recipe as printed:

"BEER.
Boil 3 lb liquid malt: 2 lb white sugar and 2 oz box honey in a fermenter. THEN, in a separate pot, boil 3 oz hops and 4 oz cracked crystal malt. Simmer for 30 minutes, then pour it into the ferment, adding a pinch of Irish Moss (this is a clarifier). ADD boiled water [rain water is best] at a temperature of 70 deg C, then half a teaspoon citric acid and
1 teaspoon yeast. Rack off into one gallon glass flagons, wait a week, then bottle it." Stuart Croom, Prize-winning home-brew. [published in the Sunday Telegraph, Nov. 7, 1976 (Sydney) NB: Water quantity was omitted from this recipe, unfortunately. Irish Moss as clarifier his “secret”.]



  Forum: Off Topic Chat

melanie
Posted on: Oct 19 2005, 08:23 PM


Group: Member
Posts: 162



"Inside the Market" at

http://www.aireview.com/welcome.php

has a write-up on Sino Gold, worth a read.

  Forum: By Share Code

melanie
Posted on: Oct 18 2005, 04:17 PM


Group: Member
Posts: 162


"The company is now poised for future growth that I believe will parallel that of the last five years." - Mr MK in his letter to shareholders today.

There's nothing like a vacation to get priorities in order. After almost 9 years at the helm, Mr Kiernan plans to step down at June 30, 2006, at the end of his current employment agreement. Plenty of time for a replacement.

Mr K said he's looking forward to the CSM dividends coming through to him.
  Forum: By Share Code

melanie
Posted on: Oct 9 2005, 08:43 PM


Group: Member
Posts: 162

In reply to: radd on Sunday 09/10/05 12:36pm

I agree, Radd. The processing plant is fully permitted and on "care and maintenance", and the aim of the Redemption JV with Matador Mining "...is to define sufficient reserves to enable the Three Mile Hill Plant to operate at full capacity for a minimum of 5 years..."

The Focus Minerals website,

http://www.austminex.com.au

states that ..."If successful this strategy will see the company reach production at an annualised rate of about 100,000 ounces [gold] per year, within 2 years."

The idea for the consolidation of the historically fragmented Coolgardie gold-lands came from the FML Exploration Manager, Chuck McCormick, over a decade ago; it is coming together at a good time for gold.

(posted for research, not investment advice)

...handy search tip - when doing a Google search instead of keying in, say,

Matador Mining website

as the searchwords,

key in

"Matador Mining" website

- the website info is in the top listed item, & only 20 items not thousands.
  Forum: By Share Code

melanie
Posted on: Oct 7 2005, 09:54 AM


Group: Member
Posts: 162

Green Rock Energy, a renewable energy company, has reported success at geothermal well Blanche No.1. They state -

"Blanche No.1 is the third deepest geothermal energy well drilled to date in Australia, and is the first geothermal well outside of the more remote Cooper/Eromanga Basins to have intersected the target granite." (ASX ann 6Oct05)

Following on this success, GRK applied for and were granted a new Geothermal Exploration Licence of 206 sq. km., west of GEL 128.

GRK's tenements are adjacent to the Olympic Dam copper-uranium mine. GRK has a target of drilling two more deep holes (5 km) next year and envisage the establishment of a "pilot circulation cell for trial electricity generation".

GRK tenements are situated close to the national power grid.

BHP-Billiton has opted not to make a binding agreement to purchase PNG Gas (should the PNG gas-pipeline go ahead) for a proposed gas-fired power station at Olympic Dam.

Is BHP-Billiton keeping its options open for geothermal energy for its power needs? How close is the industry to producing electricity? Will watch GRK and other 'hot rocks' companies with interest, as the geothermal energy exploration sector slowly establishes its credentials.
  Forum: By Share Code

Poll: Uranium
melanie
Posted on: Oct 4 2005, 06:13 PM


Group: Member
Posts: 162

The Uranium Information Centre Ltd

http://www.uic.com.au/pmine.htm

has tracked a few of the convoluted changes in ownership, last updated August 2005,

with links to relevant sites.

Some of the old Acclaim holdings are tracked,

ie Lake Maitland - owned by Acclaim 1990s, and by Redport Ltd (RPT) 2005,

and Lake Way & Centipede, W.A. (Wiluna region), owned and being evaluated by Nova Energy (NEL) 2005 (listed 23 Aug 2005), see www.novaenergy.com.au

...may not relate to your specific searches re Acclaim's ex-holdings, kahuna1, posted for general info.


  Forum: Macro Factors

melanie
Posted on: Sep 30 2005, 04:46 PM


Group: Member
Posts: 162

In reply to: melanie on Friday 30/09/05 02:52pm

Update, I spoke too soon - Focus Minerals and Consolidated Minerals today mutually agreed to dissolve the Nepean nickel JV. Focus retains 100% interest in the nickel assets. (ConsMin is focussing on its Kambalda nickel interests.)
  Forum: By Share Code

melanie
Posted on: Sep 30 2005, 02:52 PM


Group: Member
Posts: 162

Hi Ozgaz & others, CSM's Consolidated Nickel Pty Ltd has topped up to become substantial holder in Focus Minerals again. Means they still have the Nepean nickel assets in sight.

(Admin: for Focus Minerals FML thread.)
  Forum: By Share Code

melanie
Posted on: Sep 29 2005, 06:14 PM


Group: Member
Posts: 162

In reply to: radd on Wednesday 28/09/05 06:52pm

Radd, there is Havilah Resource's (HAV) copper-gold-molybdenum discovery 100 km w. of Broken Hill, "Kalkaroo". PacMag (PMH) are re-constituting and also have copper-gold-molybdenum project (conditional) in a deal with Giralia Resources (GIR). Queensland Ores Ltd (QOL) has a tungsten and moly. project.

(posted for research info.)
  Forum: Macro Factors

melanie
Posted on: Sep 29 2005, 12:53 PM


Group: Member
Posts: 162

MLM now in JV with international group Metals finance Group (MFC) on Lucky Break nickel project.

MFC to carry feasibility costs and design the operation to earn 40%, should it proceed.

MFC offers financing and technical skills - "MFC employs proven metals recovery techniques that can be implemented quickly..."

Success of Lucky Break project would enhance prospects for the much larger NORNICO project, 100% retained by MLM.

  Forum: By Share Code

melanie
Posted on: Sep 28 2005, 06:17 PM


Group: Member
Posts: 162

In reply to: bunny on Wednesday 28/09/05 01:49pm

A general article on moly pricing trends and demand at -

http://www.financialsense.com/fsu/editorials/2005/0926.html

article 26 Sep 05.

  Forum: Macro Factors

melanie
Posted on: Sep 26 2005, 04:40 PM


Group: Member
Posts: 162

Inco plans to set up shop in Australia -
see article in www.theaustralian.com.au

"Inco digs in Down Under
Geoffrey Newman
September 26, 2005

"THE world's second-largest nickel producer Inco will split its global operations in two and open a head office in Australia as it faces stiffening competition from BHP and concentrates on China's rocketing demand for metals.

"The Canadian company, which employs more than 10,000 people, announced a major corporate reshuffle that would divide the company into two divisions: Asia-Pacific and North America/Europe.

"Inco, which sells about 60 per cent of its nickel to Asia, will oversee the Asia-Pacific operations from Australia.

"Inco is a growing force in Australian mining: in August it finalised a joint venture with Heron Resources to produce 55,000 tonnes of nickel around Kalgoorlie in what will be Australia's second-largest nickel project.

..."
  Forum: By Share Code

melanie
Posted on: Sep 25 2005, 08:08 PM


Group: Member
Posts: 162

New subsidiary and proposed IPO is named Valhalla Uranium Ltd.

Resolute Mining has 50% interest in Skal and Valhalla u deposits near Mt Isa, Qld, with Summit Resources (SMM) having 50%.

N.T. interests are:

Bigryli 41.7%
Walbiri 58.13%
Malawiri 47.96%
Minerva 100%

  Forum: By Share Code

melanie
Posted on: Sep 25 2005, 07:59 PM


Group: Member
Posts: 162

Summit's 50% JV partner in Skal and Valhalla projects, Resolute Mining (RSG), is calling its dedicated uranium subsidiary, and proposed IPO, VALHALLA URANIUM LTD. Very neat way to garner recognition for its equal interest with Summit, in Valhalla project. (RSG has projects in NT also.)
  Forum: By Share Code

melanie
Posted on: Sep 23 2005, 04:08 PM


Group: Member
Posts: 162

Seems a few were 'in the know' before the ann today -

IGO announced "significant increase in JORC-compliant nickel reserves at the Kambalda nickel operation" with further upgrades likely as some intercepts remain to be assayed.

$6m budgeted 05/06 with aim of "substantially increasing resources and reserves".

...up 6% today and dividend should be coming soon.

(IGO is ex-dividend, not the usual time for creeping up.)

  Forum: By Share Code

melanie
Posted on: Sep 20 2005, 12:36 PM


Group: Member
Posts: 162

Still holding, rkch. Found a snippet while browsing on the Net about the proposed bauxite IPO of their subsidiary Cape Alumina. This was to occur over coming months, tho no formal announcement has been made. Is also mentioned in the quarterly - could list here or overseas. Also keen to see results of the survey, in the under-explored leases.
  Forum: By Share Code

melanie
Posted on: Sep 15 2005, 04:59 PM


Group: Member
Posts: 162

SGW, I should have said, not SWG!
  Forum: By Share Code

melanie
Posted on: Sep 15 2005, 04:55 PM


Group: Member
Posts: 162

Sons of Gwalia Decision
15 Sept 2005

Justice Emmett in the Federal Court today ruled in favour of a shareholder who claimed that he is a "creditor" of SWG.

"This decision is a clear precedent for all shareholders who purchased their shares on the market..." (rather than IPO, placement or rights issue).

see ASX ann today.

(This being a test case, it has implications for future cases where a Company's continuous disclosure obligations were breached, before the Company folds.)
  Forum: By Share Code

melanie
Posted on: Aug 23 2005, 02:32 PM


Group: Member
Posts: 162

In reply to: melanie on Tuesday 23/08/05 12:37pm

...correction, code is CD, meaning cum-dividend.
  Forum: Investment Discussion

melanie
Posted on: Aug 23 2005, 12:37 PM


Group: Member
Posts: 162

In reply to: PaulB on Tuesday 23/08/05 10:34am

Paul, I could have added that at www.asx.com.au if you set up a Watchlist of yield stocks, (it is free to register), they add a tag 'cum' to the daily data to indicate when a stock is trading after dividend has been announced, before ex- date. M.
  Forum: Investment Discussion

melanie
Posted on: Aug 23 2005, 08:43 AM


Group: Member
Posts: 162

In reply to: PaulB on Monday 22/08/05 07:36pm

Hi, PaulB,
I use www.tradingroom.com.au to access dividend details - it's free, key in code, then can access Dividend Details, also click Detail for date stock first traded, number of shares on issue, and high and low for year. The ASX ann headings are available, but not free to access, so I access ASX anns free on the ASX site. Cheers, M.
  Forum: Investment Discussion

melanie
Posted on: Aug 22 2005, 04:39 PM


Group: Member
Posts: 162

In reply to: OZGAZ on Monday 22/08/05 01:02pm

Thanks, Oz. I don't hold, but take an interest as I hold ConsMin. CSM entered into a JV with Austminex on the Nepean Nickel project in July '04, and I await updates. CSM intend to make a mark as a nickel producer, but it is early days yet for them in this regard. I think it gives another tick of approval to ATX.
  Forum: By Share Code

melanie
Posted on: Aug 22 2005, 12:11 PM


Group: Member
Posts: 162

In reply to: nifty49 on Monday 22/08/05 07:53am

Think the reporter missed that IGO was re-valued on more than rumours of takeover, ie securing own land and infrastructure, expectation of a resource upgrade with further drilling, the Matrix factor, and indications of a longer mine life, as they wouldn't be buying land that would be mined out by 2010 or so ... anyway, I like it, and am quite happy to wait on this one. I think the broker reports after they visited the mine helped as well.
  Forum: By Share Code

melanie
Posted on: Aug 21 2005, 08:01 AM


Group: Member
Posts: 162

In reply to: OZGAZ on Friday 19/08/05 09:21pm

Oz, I really mangled up that last post, I mis-understood what I had muffed up on, and you are right about the oppies.
  Forum: By Share Code

melanie
Posted on: Aug 21 2005, 07:45 AM


Group: Member
Posts: 162

Hi, Ozgaz, I copied the info. from ASX anns.

The applications received..."allowed the company to issue a first tranche of 80,825,689 shares on 8 August 2005".

Trading of these shares commences 29 Aug.

Matador raised C$6m. Amalgamation of Eastern Goldfields tenements allows redevelopment, in the "Redemption" JV between Austminex and Matador.

They "...will have the mineral rights to more than 210 km sq of under-explored tenements including Indicated and Inferred Resources totalling 1.4 million ounces of gold ... and a 1.2 mtpa processing plant in one of the world's most significant mining regions".

I'm sure I come unstuck sometimes, and welcome being set right. I guess the large no. of shares can be explained by the discounted sp; perhaps they'll do a consolidation in time, as PacMag (PMH) are doing as they revitalise themselves with their new copper project.
  Forum: By Share Code

melanie
Posted on: Aug 19 2005, 11:11 AM


Group: Member
Posts: 162

Soon to commence "most intensive and comprehensive exploration and development program ever seen in the history of the Coolgardie region" in Coolgardie Gold Project JV with Matador Mining (TSX-V:MXN). Acquisition completed 9 Aug 05.

Capital raising closes today, has had good acceptance - seeking to raise A$5.88m - 140m shares @ 4.2c, first tranche issued.

director bought 3,000,000 shares on market

Newly consolidated tenements, Matador geologists on-site, a new era beginning for ATX, soon to be renamed Focus Minerals Ltd.
  Forum: By Share Code

melanie
Posted on: Aug 19 2005, 10:00 AM


Group: Member
Posts: 162

In reply to: diana on Tuesday 26/07/05 09:16am

Has seen a re-trace in SP. DeBeers Aust, JV partner in the Pilbara diamonds project, say they plan to reduce field activities in Australia.

With cashed-up Minotaur Expl (MEP) doing the fieldtwork on the HLX Tunkilla gold tenements in the Gawler Craton, Helix will retain 25% if it progresses to a pre-feasibility study stage. Minotaur/Oxiana would earn 75%.

Mt Venn prospect seems to be the current focus, with encouraging results released.

Can expect further news on the Mt Venn nickel-copper project, 120 km e. of Laverton. They are awaiting results from all the assays of 24-hole drill programme before announcing further. HLX now has 80% interest, Kelray Resources 20%.

Mt Venn - acquired by Helix in 1999. Back in 1970s, nickel-mania company Tasminex had begun to test it when the nickel market collapsed, with Mt Venn prospect being right at the centre of the implosion. Time now for a re-evaluation. Major shareholder still accumulating.
  Forum: By Share Code

melanie
Posted on: Aug 16 2005, 11:53 AM


Group: Member
Posts: 162

In reply to: mme on Saturday 30/07/05 08:29am

hi mme & rkch

this should help MLM recover after recent selldown - BHP has signed a JV with MLM - will expend up to $11.75m for nickel sulphide exploration in MLM's tenements (25% to MLM).

MLM in return may earn a stake in discoveries in BHP's tenements that surround MLM's (1000 sq km).

EM & magnetic geophysical surveys to begin in 2-3 weeks.

MLM management delighted with this - will have the benefits of BHP's expertise, and be virtually free-carried for the new exploration, while they concentrate on the heap leach testwork with their nickel laterite assets.

A few gems in that quarterly mme, and am still holding this one.
  Forum: By Share Code

melanie
Posted on: Aug 12 2005, 07:30 PM


Group: Member
Posts: 162


Straits lodged a Tritton Takeover Notice today, having acquired 54.9% of Tritton.

Tritton yesterday reversed its advice to shareholders, recommending acceptance of Straits' offer. This followed after Sempra Metals - "holder of the copper concentrate off-take agreement", and the project financier, Macquarie Bank, accepted Straits' offer.

They have extended their offer to TTT shareholders to 26 August.



  Forum: By Share Code

melanie
Posted on: Aug 9 2005, 07:05 PM


Group: Member
Posts: 162

Straits advised the market today that their offer to TTT s'holders has been extended to 12 Aug 05. Further, that a counter-offer is unlikely to emerge. SRL now hold 31.23% of TTT, with another major acceptance dependent on release of shares from escrow.

SRL very keen to win over more TTT shareholders to their offer.

TTT - an emerging copper producer with promising exploration targets.

A few more days of wait-and-see.

  Forum: By Share Code

melanie
Posted on: Aug 9 2005, 04:37 PM


Group: Member
Posts: 162

In reply to: JustinS007 on Tuesday 09/08/05 01:28pm

CSM, a "quiet achiever". The nickel output target they have set themselves (doubling, then some), should, if achieved, put them in the forefront of WA nickel producers. Especially if further exploration success makes it a proposition to build their own concentrator. Still early days for the nickel operations. Could be that, as CSM is a "steel input" stock, lower prices lately for hot rolled steel causes some caution. Fortunately, the miners keep on keeping on regardless.
  Forum: By Share Code

melanie
Posted on: Aug 9 2005, 12:26 PM


Group: Member
Posts: 162


62% increase in sales revenue.

37.4 cents EPS (after tax).

49% return on equity for year.

$102m in cash and receivables.

12 cents FF dividend.

All credit to Mr MK & team.
  Forum: By Share Code

melanie
Posted on: Aug 9 2005, 12:19 PM


Group: Member
Posts: 162

In reply to: chookboy on Monday 08/08/05 05:04pm


I appreciate that picture, chookboy.

No wonder they were keen to secure ownership of land, to replace existing leases.

All this, and they only began operations in 2002. Already very successful,

and still much potential upside when present constraints are no longer a factor. I'm confident IGO will keep growing, and "short mine life" tag, has already been somewhat lifted. IGO have capacity to develop their own assets, I hope they remain independent.

The extra they are mining outside of defined resources is a big plus, too.

Would be happy if you would like to post the CSM report on that thread when it comes through.

All that talk a while back of lower hot rolled steel prices does not seem to have dampened the nickel stock values, quite the contrary.
  Forum: By Share Code

melanie
Posted on: Aug 4 2005, 04:04 PM


Group: Member
Posts: 162

In reply to: Darryl Curnow on Thursday 04/08/05 03:34pm

I couldn't hazard a guess on that one, Darryl. Will be interesting to watch. They seem to be expanding their gold interests significantly.
  Forum: By Share Code

melanie
Posted on: Aug 4 2005, 03:52 PM


Group: Member
Posts: 162

Lift in SP to $2.06 today following Open Briefing and June Qty Report by Straits.

Straits say they aim to grow their Australian businesses so that the earnings profile will match that of their Indonesian assets (coal and gold). They point to the growth potential and long-term earnings sustainability of their assets - bulk commodities, coal, gold, base-metals, and salt.

Straits pointed out that their partial take-over target, Tritton, would need substantial funding over the next 2-3 years in its development phase. Straits, having owned this copper asset previously, know the asset very well, and said they have the technical and exploration experience to add significant value to Tritton. (A point not mentioned by the Tritton Independent Directors.)

It was because of the development costs in these early years that Straits wished Tritton to maintain a separate listing - so the costs would not impact on Straits' balance sheet. (An interesting point.)

Not mentioned was that the response to the offer so far has been far under target.

60% of Straits' shareholders are offshore.

Increased price for Sebuku coal for second half will contribute to greater second half earnings.

Only a few days until the offer closes. Straits have significant earnings growth potential with their existing assets, and are still in a development phase, with resources on gold and coal still being proved up, and cashflow from copper at Whim Creek just beginning.
  Forum: By Share Code

melanie
Posted on: Aug 3 2005, 02:23 PM


Group: Member
Posts: 162


It seems that Tritton independent directors did not see Straits' offer as having the beneficial synergies expressed by Straits. It looks virtually impossible now that Straits will gain almost 63% of Tritton, as the TTT Independent Directors have advised shareholders to reject the offer. They have also indicated there may be an alternative offer to consider, and to "do nothing" until the offer close date of 9 August.

As at 2 August, Tritton shareholders' acceptances of Straits' offer represented a 0.51% increase in Straits' stake in Tritton, equalling 26.99%.

In advising TTT shareholders to reject the offer, it was stated that an independent valuation of Tritton shares was 76.1 cents.

A very much reduced liquidity in Tritton shares was a major negative in the directors' viewpoint (only 28% would be tradeable).

Further, TTT shareholders were advised that "some shareholders may be obliged to sell the Staits shares they receive in exchange for their Tritton shares in order to realize funds to meet the tax liability. If a number of shareholders take this course, this could place downward pressure on Straits' share price..." (ASX ann 2/8/05)

This latter scenario looks hypothetical now, since it looks unlikely Straits will succeed. Only very few acceptances.
  Forum: By Share Code

melanie
Posted on: Aug 2 2005, 06:03 PM


Group: Member
Posts: 162

IGO subsidiary Lightning Nickel PL has secured (conditional) ownership of the land and infrastructure (including the Long Nickel Mine shaft and Victor decline), previously leased from WMC until 2011. (Finalisation due Nov. 05)

IGO has secured ground adjoining the Long Nickel Mine that is interpreted to contain the northern continuation of the Long and Gibb/Victor lava channels, that are prospective for nickel sulphides.

Implication - "Securing ownership of the land and infrastructure on which the Long Nickel Mine is situated guarantees that IGO will be able to exploit any future resources found on its tenure should mine life be extended beyond 2011. This may have significant benefits to IGO should future exploration be successful at Long South, the target to which an exploration decline is currently progressing."

Extra exploration ground, highly prospective, and more secure tenure of land and assets - this is a very positive ASX ann today.
  Forum: By Share Code

melanie
Posted on: Jul 23 2005, 09:04 AM


Group: Member
Posts: 162


Tritton has barely scratched the surface - underground mine will produce higher grade copper, and exploration upside yet to be realised.

Tritton gets benefit of Straits' operating and management expertise - Straits will be able to apply more resources to development of copper strategy. The potential of Tritton's copper assets will be able to be realised.

"The offer is intended to consolidate Straits' position in Tritton and is a clear signal of Strait's intention to create a significant copper business in Australia with a publicly listed vehicle."

Tritton retains all the benefits of its separate public listing.

Would this acquisition be fully reflected in SRL shareprice if Tritton had been fully taken over? Straits will have around 63% of Tritton if offer fully taken up. No chance then of hostile takeover?

With Whim Creek and Tritton assets - will produce 40,000 t copper for 2006.

Additional shares will be issued to Tritton shareholders - will increase Straits' liquidity.

Is that over 13 million shares.

Now CSM took over Reliance nickel assets and Reliance no longer was a separate entity. Reliance shareholders had some free CSM shares as well as cash. Alot did not realise the value of what they were given and sold on market - sending CSM share price down. (That was a good time to buy in.) (Now CSM has the capital to realise potential of Reliance assets, and market is realising it.)
  Forum: By Share Code

melanie
Posted on: Jul 22 2005, 07:33 AM


Group: Member
Posts: 162

In reply to: Mondie on Sunday 17/07/05 08:52pm

Havilah (HAV) has been granted a geothermal exploration licence, south of Lake Frome, S.A., and proposes similar work to Geodynamics, whose success has inspired them. The "special purpose vehicle" is a company named Geothermal Resources Limited. This at present is not listed on the stock exchange. (I expect it may be in the future, as they will need capital.)
  Forum: By Share Code

melanie
Posted on: Jul 20 2005, 07:36 AM


Group: Member
Posts: 162


Lihir Gold has announced their newly commissioned 30 Mg power station is at full production. The plant is powered by "naturally-occurring geothermal steam which otherwise would be discharged as waste".

The $US50 m facility will reduce power costs at the PNG gold mine and processing plant by $15m a year, equating to $US20 per ounce of gold.

Lihir first began to use geothermal energy in 2003; the new upgrade means 60% of power requirements will be from geothermal, reducing reliance on fuel oil.

With further upgrades, by June 2006, the company expects that virtually all power requirements will be met by their own power-generating capacit.

Lihir forecasts that with decreased production costs, and increased production, their profitability will be increased, calling it a "milestone" in the company's history.
  Forum: By Share Code

Poll: Uranium
melanie
Posted on: Jul 20 2005, 07:02 AM


Group: Member
Posts: 162

In reply to: Wargfang on Tuesday 19/07/05 09:56pm


Wow, I hadn't thought of that!

"The devil is in the detail!"
  Forum: Macro Factors

melanie
Posted on: Jul 19 2005, 06:51 PM


Group: Member
Posts: 162

In reply to: rkch on Tuesday 19/07/05 06:11pm


In a twist, the company states that not gaining agreement with Yabulu at this time will be in its longer term interests, as it will be more profitable to set up its own heap leach processing plant. Straits also have their own tenements around Greenvale Nickel Province, yet to explore, and can expect some more news regarding the MLM scandium deposit Straits are drilling, by and by. The area is prospective for an interesting range of minerals apart from nickel.
  Forum: By Share Code

Poll: Uranium
melanie
Posted on: Jul 19 2005, 06:08 PM


Group: Member
Posts: 162


Interesting post, Park-Hall.

An associated emerging industry related to uranium is geothermal energy.

"The generation of HFR [hot fractured rocks] geothermal energy from hot buried granites uses heat partly generated from the decay of radioactive elements, Uranium, Thorium (Th) and Potassium (K)."

(from www.geodynamics.com.au website)

Geodynamics (GDY) explained that coal-fired power stations emit radioactive material, since Australian coal contains 0.4 to 5 ppm Uranium - this was a big surprise to me.

Geothermal energy (GDY states) does not pose a radiation risk. Minor amounts of radon generated are returned underground (4 km) where it decays.

Geothermal energy has potential to shift electricity generation "away from fossil fuels to deliver zero-emission, clean base-load power".

Could provide Australia with electricity (domestic) for hundreds of years, website states.


  Forum: Macro Factors

melanie
Posted on: Jul 19 2005, 04:19 PM


Group: Member
Posts: 162


CSM today announced a major nickel upgrade at Kambalda in their newly-acquired Reliance Nickel asset - a 36% increase of Beta Hunt-Alpha estimate (see below) to 74,000 contained nickel tonnes (2.1 m tonnes @ 3.6% Ni, now in measured and indicated category)(note slightly lower grades)

Beta Hunt - measured, indicated and inferred resource 508,000 t @ 4.46% Ni for 22,650 contained nickel tonnes.

Mr Michael Kiernan pointed out the significant growth potential of the Reliance nickel operations, with the prospect of doubling existing production to 8-10,000 t per year.

As well, start of production from East Alpha has been brought forward to the March Quarter, 2006.

Ongoing drilling definition has been successful in upgrading the grading categories in the ore deposits - ie from inferred and indicated to measured and indicated resource.
  Forum: By Share Code

melanie
Posted on: Jul 18 2005, 08:10 AM


Group: Member
Posts: 162


Curnamona Energy did fly - offered in IPO at 20c on 19 April 05, now 0.675, up 237.5% - the top performing IPO of 2005.

Havilah Resources has sold 100% interest in its Gawlor Craton tenements to Monax Mining Limited.

Monax is very soon to lodge a prospectus with ASIC and ASX prior to its proposed listing.

Monax will focus on Gawler Craton projects - this area is "host to the giant Olympic Dam orebody and the Prominent Hill copper-gold deposit".

Havilah will focus on its Curnamona Craton projects.

HAV is planning to become the third hot rocks energy explorer in South Australia. (The other geo-thermal energy explorers are Geodynamics and Petratherm.)
see www.havilah-resources.com.au
  Forum: By Share Code

melanie
Posted on: Jul 17 2005, 08:21 PM


Group: Member
Posts: 162


Hot rock energy fans may be interested to know that South Australia's Havilah Resources is planning to become the third hot rocks explorer in SA (see ASX ann on 6 May, code HAV) and proposes a "special purpose vehicle" for this aspect of its activities.
see website www.havilah-resources.com.au
  Forum: By Share Code

melanie
Posted on: Jul 17 2005, 07:56 PM


Group: Member
Posts: 162


Reliance's key assets recently acquired by CSM include the Beta Hunt mine (producing 4 to 5,000 t nickel pa) and strategic exploration properties near Kambalda. The $10m budget to upgrade the nickel operations is designated for East Alpha, adjacent to Beta Hunt. It will include an exploration drive, resource definition, and mine planning.

Beta Hunt & East Alpha together are presently said to hold 1.3m tonnes @ 4% Ni for 54,000 contained nickel tonnes. (from March 05 Quarterly Report)

CSM is in very early days of being a nickel producer, from the already-producing Reliance mine.

Further to above, there is the Munda JV with Titan - CSM to spend $1m in 2005 for a 50% equity

and recently announced (1/7/05) JV with Titan in its Armstrong Nickel project - with plans to produce a business plan for open pit and underground mine - a new development.

CSM also has a shareholding in Mithril, a nickel exploration company.

ConsMin has consistently upgraded its resources through further drilling (manganese and chromite) and it will be interesting to see its progress with the nickel projects.

First production from the East Alpha orebody (nickel) is scheduled for Q3, 2006.
  Forum: By Share Code

melanie
Posted on: Jul 14 2005, 06:23 PM


Group: Member
Posts: 162

In reply to: Traderbuck on Thursday 14/07/05 05:48pm


Had no luck, even the library throws out old newspapers. Generally, mention was made of Queensland mining-extractive industries benefiting from gas pipeline, some time in future should it eventuate. As IGO holder, I watch this one on the sidelines.
  Forum: By Share Code

melanie
Posted on: Jul 14 2005, 12:03 PM


Group: Member
Posts: 162

In reply to: Traderbuck on Thursday 14/07/05 08:32am


Buck, will see if I can locate exact source next time I go to library, where I read about this - from one of the daily newspapers, financial pages, Courier-Mail or The Australian, within past 2 weeks. Melanie.
  Forum: By Share Code

melanie
Posted on: Jul 13 2005, 07:12 PM


Group: Member
Posts: 162


ASX ann 12/7/05 - "Drilling substantially expands resource potential at McCabe."

The company says it would benefit from PNG Gas - much cheaper in extraction process than diesel.

Good timing, Yogi.
  Forum: By Share Code

melanie
Posted on: Jul 13 2005, 04:58 PM


Group: Member
Posts: 162


Am thinking this a consolidation phase for ConsMin. Have in my notebook a quote from Michael Kiernan (BRW article) - 'can see how we will get to $1 bn company in the next expansion phase'. They have access to the BHP data-base through Mithril. They said they would spend $10m over coming year bedding down Reliance, and another $10m on asset development - and this cost would then lessen dramatically. I don't expect this one to be among those issuing profit downgrades, everything they have done will keep on adding value for shareholders. An intriguing note, no new acquisitions planned 'til Reliance bedded down, but mentioned merger activity on cards.

Good management, good assets, expanding, consolidating, profits increasing, and cashed up.

  Forum: By Share Code

melanie
Posted on: Jul 12 2005, 04:27 PM


Group: Member
Posts: 162


...no longer .17, finished at .185.

  Forum: By Share Code

melanie
Posted on: Jul 9 2005, 08:19 PM


Group: Member
Posts: 162


Re PNG-pipeline: "PNG gas producers could also be expected to benefit including Mosaic Oil, which has exploration acreage in PNG." (C-M 9-10Jul05)

Has Mosaic additional unexplored acreage apart from Kimu field? Mosaic state their interest in Kimu holds until 2007 - it is 28.6% according to their website.

from C-M - "Also crucial to the project is a role for oil and gas giant Santos, which has yet to get on board but is in talks to do so. Analysts say using Santos's Moomba facilities in south Australia as the national gas distribution point adds to the economic viability of the pipeline. With the gas going to Moomba it would serve the mutual benefit of the consortium and AGL and potentially Santos, one analyst said, but it really does not work without Santos."

(The gas pipeline Moomba-Roma-Brisbane already exists.)

With Santos holding 51% of Churchie PL192, the synergies between MOS & STO are quite significant, given that Mosaic state on website, "...Churchie could be the largest gas field ever discovered in southeast Queensland." 2P reserves on just the northern section defined at 62.2 bn cu ft, and more inferred. Exploration wells have not scratched the surface yet. PL192 is 60 sq. km. STO has seen the 3-D seismics of the Mosaic fields.

As Cooper-Eromanga Basin decreases, production has become more expensive, with poorer quality gas. This area has been Santos' supply source for gas to South Australia.

Federal Resources Minister Ian MacFarlane said he believes..."the real positive from the PNG deal will be the consolidation of a robust gas transmission network down the east coast to Tasmania and including South Australia. Five states and the 2 territories will benefit from a more solid gas transmission system that will be developed as a result of the PNG project and it is going to lead to healthy competition," he says.

I watch with interest to see how Santos ups its stake in the PNG-pipeline. Mosaic is of strategic interest to Santos. STO has bought into Tipperary, one of Mosaic's partners in its gas-pipeline to Newcastle feasibility study. Mosaic has a stake in Kimu, PNG, and its Churchie field is largely untapped.

  Forum: By Share Code

melanie
Posted on: Jul 8 2005, 05:15 PM


Group: Member
Posts: 162


Described below as "illiquid stock", but noted interesting trends.

$3.55 close today, up .15.

48,894,940 shares on issue.

On 7/6/05 - ann to ASX re Belvedere Coal project. Was $2.25 that day.

Year low - $0.634
Year high - $3.55 - today

No major announcements recently.

visit www.aquilaresources.com.au for current focus - on coal, gold, iron ore.

On website, can check story of legal action - this company felt it was dudded out of its right to bid for the Ernest Henry Mine in Qld - a very lucrative resource.

Directors own 46% ofthe issued capital.

If it wins the court case, it will stand to gain a considerable amount of cash.

(I do not hold.)

  Forum: By Share Code

melanie
Posted on: Jul 7 2005, 06:15 PM


Group: Member
Posts: 162

In reply to: sagem on Thursday 07/07/05 02:48pm


If so, I haven't heard it, Sagem. The top peforming stock on the S&P/ASX 200 Index (ranked by gains) mentioned below was Paladin (PDN), the darling of the uranium stocks here, and alot of speculative money is going into u stocks right now - due to Australian govt. opening debate on using uranium for energy. At present the State govts have a veto against mining uranium. Summit Resources (SMM) went up today, it is a spec u stock. You might check out Energy Resources of Australia (ERA). There is an interesting Uranium discussion board here.

I do not know if any of these stocks are listed on the AIM market.

I check out stocks on www.tradingroom.com.au to look at details of P/E, price history, etc and use www.asx.com.au to read company announcements.

I notice that Sth Africa has placed a ban on the export of uranium.

The whole uranium sector collapsed (1974, I think) when India made a bomb from uranium exported from the West, and you will find that interesting story on the Net. Yes, new sources of power will be needed for the industrialisation of India and China.

(posted for research info, not investing)











  Forum: By Share Code

melanie
Posted on: Jul 6 2005, 05:01 PM


Group: Member
Posts: 162


Sagem, (sorry I mis-spelt in last post) -

For the record, 1,013,400 traded in Oz today, no change at 0.47, higher volumes.

  Forum: By Share Code

melanie
Posted on: Jul 6 2005, 04:47 PM


Group: Member
Posts: 162

In reply to: sagem on Wednesday 06/07/05 02:31am


Hello from Oz, Sagrem.

(Sagrem is following AIM on the AIM market, London - a little confusing that, but a company has to meet certain requirements to be accepted on the AIM market.)

from AIM ASX anns -

Project Update -
The Bankable Feasibility Study for the Perkoa Zinc project in Burkina remains on target for completion by the end of July.

Assay results from the drilling programme will be announced to the market when assay results are known.

Assessment of tailings dam is required - [a lengthy process].

Re: BHP JV on Copper-Gold Project, Zambia. Drilling is expected to recommence Nov. 2005 if conditions are favourable.

from AIM Resources ASX ann on 29/4/04 - "Anomalous Uranium signature provide confidence in the Olympic Dam style mineral deposits."

Sagrem is right, the market isn't taking much notice here yet.

All resources have been put into getting the zinc project up, this already required a capital raising by a rights issue.

  Forum: By Share Code

melanie
Posted on: Jul 6 2005, 03:04 PM


Group: Member
Posts: 162

In reply to: Techno on Wednesday 06/07/05 02:03pm


I especially enjoyed your post, Techno, as well as several others you posted today.

Lots of food for thought, and appreciate your sharing so much with us here.

Will be returning to re-read.


  Forum: Macro Factors

melanie
Posted on: Jul 6 2005, 07:55 AM


Group: Member
Posts: 162


from the Chairman's Report in Mosaic Annual Report 2004:

"Infrastructure

"We have taken the initiative to become part of a Study Group looking at the feasibility of a gas pipeline from the Surat region in Queensland to Newcastle in New South Wales. We take the view that this is prudent so that we are not just restricted to one market.

"Our partners in this exercise are Samson Inc., Sunshine Gas and Tipperary Oil and Gas. We have received written letters of suport for this project from relevant Federal, NSW and Queensland Ministers."

  Forum: By Share Code

melanie
Posted on: Jul 5 2005, 08:12 PM


Group: Member
Posts: 162



Santos has acquired a 75% stake in the producing Fairview CSM project, north of Roma, Qld. Santos has become the project operator.

It has paid $621 m to acquire Tipperary Corp, and 10% of Tipperary Oil and Gas Aust.

"Santos now overtakes Origin energy as the major CSM player in Queensland."

Santos is taking a strategic stake in Qld. fairways, as the Cooper-Eromanga basin reserves are declining.

(from article Santos pays $621m for coal-seam gas producer, by Ian Howarth, Fin Review, 4 July 2005)

Mosaic was number 3 after Origin in Qld.

MOS has highly prospective tenements, but is undercapitalised.

Could the Santos move to Qld (even warmer - Roma!) be the reason for the MOS price spike?


  Forum: By Share Code

melanie
Posted on: Jul 5 2005, 06:44 PM


Group: Member
Posts: 162


"The two stocks most likely to be promoted to a higher league over the next five years are Oxiana and Consolidated Minerals, says AMP's Armor. 'That's based on new projects coming up,' he says. Both are among the top 10 performers on the S&P 200 Resources Index over the past five years.

"Consolidated Minerals, whose manganese is used by the steel industry, has started adding nickel and iron ore to its mix of commodities. It is trading at just 10.5 times expected earnings for the year ended June 30, 2005.

"One factor that is likely to reduce the severity of any downturn in metals prices is the lack of exploration over the past decade."

from - Cyclicals are breaking new ground, Stephen Wisenthal,
Fin Review 4Jul05

Ranked No. 4 performer by 12-month change, SEP/ASX 200 as at June 30, 2005.

  Forum: By Share Code

melanie
Posted on: Jul 2 2005, 02:25 PM


Group: Member
Posts: 162


Thanks for that, mme. And yes, BKY illustrates what I was thinking. Lease not yet granted.



  Forum: By Share Code

melanie
Posted on: Jul 1 2005, 08:01 PM


Group: Member
Posts: 162



Have checked the small print in IGO Francis Furness Gold Mine Option ann.

Bohemia Gold Mine - an offshoot reef, SE of Francis Furness - exceptionally high grade -

drill tested underground stope sampling of rock chips include

2.4m @ 404 g/t Au
1.2m @ 218g/t Au

Average grade sought (for viability) 15g/t.

This reef is not yet drill-tested, just sampled.

I revisited as was wondering if it was a mis-print.

More anns to come over next few months - will they take this one on?



  Forum: By Share Code

melanie
Posted on: Jul 1 2005, 02:49 PM


Group: Member
Posts: 162

In reply to: mme on Friday 01/07/05 10:06am


You had foresight with this one, mme.

I've been looking at other stocks with uranium in their portfolio, Goldstream Mining, GDM - uranium project in E. Africa, not yet drill-tested, but in area "similar to Paladin Resources deposit in Africa"

and Compass Resources, CMR - redefining old Rum Jungle uranium mine in N.T. - drilling program this half.

Is there still a no-go on new u mines in Australia, and is it in your opinion a chance some lesser u stocks could go into "bubble" territory as uranium is talked up, yet with uncertain chance of developing deposits? I see the Paladin (PDN) P/E is minus something astronomical.

I'm interested to find out if uranium is protected from export in Africa, as I think I read this somewhere. Perhaps you are haven't much company here as the sector is little understood.

Your ERA pick has paid off handsomely.






  Forum: By Share Code

melanie
Posted on: Jul 1 2005, 06:14 AM


Group: Member
Posts: 162


Another potential customer for gas from PNG would be the winning bid for developing the ex-Pechiney bauxite lease at Aurukun near Weipa. Part of the condition for the successful bidder is that they build an alumina refinery. The gas pipeline would enable this to be done close to the deposits. Refining bauxite chews up alot of electricity. Alcan is one of several bidders for this lease. The Qld Govt is presently mapping/defining the bauxite resource. The PNG-pipeline project is looking ever more viable, and Mr McGrady has expressed his confidence the pipeline will go ahead.



  Forum: By Share Code

melanie
Posted on: Jun 30 2005, 04:37 PM


Group: Member
Posts: 162


CSM announces a $40 million placement (10.2 m shares) to institutions today.

"The placement will enhance Consolidated's financial position and its ability to move quickly to take advantage of future project opportunities as well as further augmenting the Company's institutional shareholder base."

Add that to the cash at bank...
  Forum: By Share Code

melanie
Posted on: Jun 29 2005, 09:50 AM


Group: Member
Posts: 162


The silver lining in the cloud for Pasminco investors.

As of 1/4/05 it was determined there would be no return to shareholders.

A tax loss can be declared for the tax year 2004/2005.

Declaration can be downloaded at www.delisted.com.au

It all seems a long time ago now - in 2004 Zinifex takes over zinc and lead assets of Pasminco, and lists on the ASX - some of IPO raisings go to pay Pasminco creditors, including several banks.

Shareholders - zilch.

I note that Pasminco was an oz broker's top recommended mining stock for 2000 for UK investors, so investors elsewhere than Australia may also be interested in the above.

Consult professionals on tax implications of tax losses.


  Forum: By Share Code

melanie
Posted on: Jun 28 2005, 08:05 AM


Group: Member
Posts: 162

In reply to: sagem on Tuesday 28/06/05 03:08am


That's interesting, Sagem.

I'll take another look at it.

  Forum: By Share Code

melanie
Posted on: Jun 24 2005, 02:03 PM


Group: Member
Posts: 162

In reply to: mme on Friday 24/06/05 09:35am


Yes, mme,

and learned more on 'Aldoga' from the ASX ann of 23 May, which also has interesting maps of the MLM bauxite leases on the Cape.

Mr Brett Smith, (now on Metallica's board as Anegada's representative), is GM of Aldoga Services, which provides project management to the Aldoga Group - including the Aldoga alumina refinery at Gladstone, which will be the world's most modern greenfield aluminium smelter (due to operate 2006).

(There are 3 other refineries in Gladstone for alumina).

Russian technology is being used in its construction, with RusAl, one of the top-3 world aluminium producers, being instrumental here.

Anegada, an MLM shareholder, with its interest in the MLM bauxite assets, has Russian-Eastern Europe-shareholders.

RusAl's aim is to be No.1 aluminium producer by 2013! They are very interested in Australia's bauxite deposits.

Remember the Pechiney lease the Qld Labor Govt took back in 2004 as it hadn't been developed? We'll hear more about it before the year is out. Some big companies will be competing to bid for the tender to develop the former Pechiney bauxite deposits - Alcan, Alcoa, Comalco, Chalco (China), Xstrata, BHP Billiton and others.

And MLM has leases tucked in the same general area. Its proposed bauxite spin-off will be a special-purpose company (Cape Alumina) (not Cape Aluminium as I wrongly stated) to develop these resources. The placement monies were for that purpose. And I understand some of the leases are already government-mapped.

Lots of interest in the Metallica story!

(Disclaimer: this is not intended as investment advice)

  Forum: By Share Code

melanie
Posted on: Jun 24 2005, 09:21 AM


Group: Member
Posts: 162


Metallica Minerals has announced that -

NORNICO - Bell Creek Nickel Laterite Project Core Drilling Results Positive.

Bell Creek is the best-evaluated of the NORNICO nickel-cobalt deposits - with an inferred resource of 6.29 Mt @ 1.02% Ni and 0.07% Co which contains 64,000 t Nickel and 4,400 t cobalt.

Bell Creek core drill samples are being evaluated for heap leach processing.

I note that BHP is currently expanding its Yabulu nickel refinery at Townsville, in conjunction with its massive Ravensthorpe nickel laterite project - the concentrates from which project will be shipped through Esperance to Yabulu. It's a long way from Esperance to Yabulu!

The Greenvale Nickel Province in North Queensland is within easy trucking distance of Yabulu, and if heap leach testwork on the NORNICO deposits proves successful, MLM proposes to produce concentrate for refining at Yabulu, or for export.

MLM also has a Heads of Agreement with BHP to explore for nickel sulphides, gold, copper and platinoids on its North NORNICO tenements.

  Forum: By Share Code

melanie
Posted on: Jun 23 2005, 01:10 PM


Group: Member
Posts: 162


The good news came through today, and NHC went up over 10% on the news.
The sale of the overseas coal assets realised US$406m. The company will now undergo a strategic review of their assets.

  Forum: By Share Code

melanie
Posted on: Jun 22 2005, 06:40 PM


Group: Member
Posts: 162

In reply to: mme on Wednesday 22/06/05 03:15pm

mme,

I rang InterCOAL to ask for prospectus. I'd want to know that Tarong Power would actually buy the coal. I read since my last post that Tarong Power were building a railway to bring in coal from the Surat basin, as it is a cleaner-burning coal than what they now use, from the Tarong Basin.

Perhaps I'll wait for the bauxite spin-off. Metallica gave a placement of 9,300,000 shares to Anegada. Now MLM subsidiary Cape Aluminium has acquired 100% of Aldoga (an Anegada subsidiary) so that Metallica and Anegada each hold 50% of Cape Aluminium. This holds substantial bauxite assets - Weipa-Arukun project, & Kimberley project.

Now, is it a co-incidence that Aldoga Aluminium Smelter Pty Ltd has the $2 bn smelter under construction at Gladstone? It is due to begin production in 2006, producing aluminium for the export market (420,000 tonnes per year).

I haven't yet found if these 'Aldoga' companies are related, but with the bauxite assets set to be launched in an IPO envisaged in next year, it certainly ties in very well. Let me know if you can find out more!

There was Russian technology used for the new aluminium smelter, and I think this may tie in as well. As well, the Chinese are joined into the project for the smelter.

  Forum: By Share Code

melanie
Posted on: Jun 22 2005, 07:17 AM


Group: Member
Posts: 162

In reply to: yogi-in-oz on Monday 20/06/05 12:18am


This company as a coal seam gas supplier for the Sydney region, with wells in farming areas of Camden and Wyong districts, has ongoing problems with landholder resistance. Landholders have a group called the Gas Alliance. The farmers in the Camden area are mostly accepting of wells on their land, since they are compensated and are happy to have the extra $$$ with dairy farming no longer economic, and earlier resistance has settled. The Wyong area is more heavily settled, and there is a very vocal resistance group that is challenging Sydney Gas on environmental issues. The issue for the complainants is that they fear the well drilling will intersect the water table, and damage irreplaceable water resources. So the gas production side of it has been successful, the cheap gas for the Sydney region is much needed, but the share price has been blighted by these ongoing issues and legal proceedings.
  Forum: By Share Code

melanie
Posted on: Jun 20 2005, 03:40 PM


Group: Member
Posts: 162


AIM Resources' African zinc project. Shares are travelling at less than 5c today.

Aim Resources stated in the March quarter report that "the Burkina Govt. is being extremely positive and helpful in fast-tracking the Feasibility [study]." This is due July/August 05. The Government are currently constructing a dam for the project's water needs, and upgrading a road. All aspects of the project are underway - sources for the project debt financing are privy to the Feasibility Study as it progresses - uptake agreements, waste disposal. The company reports that the local community are very excited about this, the biggest mining project in their country to date. High-grade zinc will find a ready market.

Aim Resources holds around a 10% interest in another company, Discovery Nickel (DNL).

Watch out for the Feasibility Study, things are already in place to move this project forward quickly, if it is favourable.
  Forum: By Share Code

melanie
Posted on: Jun 19 2005, 07:45 PM


Group: Member
Posts: 162

In reply to: ShareScene.com on Sunday 19/06/05 11:36am

Always good to learn about a stock so checked it out -

COAL stock. Have announced a major mine expansion.
Last price 17 June, $1.01
High for year $1.50
P/E minus 78.29
Shares on issue 53,800,000 (figures from www.tradingroom.com.au)
First traded 29 Oct 2004.

10 June - announced mine expansion. Capital raisings and debt equity totalling $180m to facilitate expansion of the Newpac coal mine (a 252 million tonne coal resource in Hunter Valley, close to Newcastle). Rights issue to raise capital (will adjust number of shares on issue).

They have sales contracts for FY2005 and 2006 with major steel mills in Japan, Sth Korea and Taiwan.




  Forum: By Share Code

melanie
Posted on: Jun 19 2005, 07:12 PM


Group: Member
Posts: 162

In reply to: BSA on Thursday 12/05/05 05:37pm

From a Minews report dated 15 June 05:

Quote: "This high grade resource is now undergoing a bankable feasibility study which should be ready in two to three months and confirms just how close the project is to production.

A total of 4 geotechnical drill hole and 12 audit holes were required as part of the feasibility study and the results of these should be announced shortly. In the meantime AIM Resources is talking to a number of companies interested in offtake agreements. The high grade and the cleanliness of the ore should ensure that marketing presents few problems and this will help when approaching banks for development funding. This is a story which seems to have escaped the attention of investors so far, but things should change when the bankable feasibility study is announced."

(This report is not intended as investment advice by the poster.)

  Forum: By Share Code

melanie
Posted on: Jun 18 2005, 12:55 PM


Group: Member
Posts: 162

I can't quote copyrighted material (15 Jun 05), but go to Google and key in

court Singapore New Hope shareholders

for some clarification on the court proceedings.
I read recently that if New Hope can proceed with and finalise the sale Indonesian coal assets, they will look for new acquisitions, and perhaps return some to shareholders, or both, but I cannot now find the source for this. I put NHC on my watchlist.
  Forum: By Share Code

melanie
Posted on: Jun 17 2005, 11:41 AM


Group: Member
Posts: 162

In a BRW magazine recently, Jubilee Mines CEO Kerry Harmanis said:
"There is a great lack of understanding about the resources sector in the financial community. Everywhere I look I can see rebirth among the sector and a long period of tremendous demand for Australian commodities in China and other Asian countries. But the financial analysts don't seem to be able to comprehend how we work and how we continually create value through exploration and discovery."
"Exploration is the key to future growth."

In October 2004, one of the investor magazines had JBM as a SELL, saying it was valued at $3.10, and had a short mine life. How wrong they were!

It takes many months to prove up a resource to reserve status.
IGO also has had good exploration success, and has several avenues for growth up its sleeve. I note their vision for another stand-alone mine. They also state that the Gibb-Victor lava channel contains the "highest grade ore in the world". Also that it is "very early days" as far as determining the true significance of their exploration success.




  Forum: By Share Code

melanie
Posted on: Jun 16 2005, 10:49 AM


Group: Member
Posts: 162

Re: J5 Iron ore Drilling Results - Heron-Portman
from ASX ann. today 16 Jun 05
"Heron announces outstanding iron-ore results received from its partner Portman Mining."
  Forum: By Share Code

melanie
Posted on: Jun 10 2005, 05:45 PM


Group: Member
Posts: 162

In reply to: echo on Friday 03/06/05 08:00pm

In the positive announcement to ASX today (10 June 05) re new deposit, Independence Group (IGO) state that 2004/05 production is on track to meet the budgeted target of 8,900 Ni tonnes. Re mining delays that caused a 200 Ni tonne shortfall - they expect to make up this shortfall during the September quarter. Great news on the high grade discoveries.
  Forum: By Share Code

melanie
Posted on: Jun 8 2005, 08:28 AM


Group: Member
Posts: 162

In reply to: melanie on Wednesday 08/06/05 06:55am

Let me rephrase from my post - INI itself is not a spin-off from Metallica, it is existing company. It is the coal assets that are being spun-off to InterCOAL, formerly Internickel.
  Forum: By Share Code

melanie
Posted on: Jun 8 2005, 06:55 AM


Group: Member
Posts: 162

In reply to: mme on Saturday 28/05/05 01:12pm

Prospectus for Metallica spin-off InterCOAL (INI) now available on their website www.intercoal.com.au - present status suspended from ASX, so is not an IPO. Rights issue is to existing shareholders - 15,000,000 shares at $0.20 on basis of 1 share for every 2 shares held to raise $3m before expenses - each share to have 1 free option (exercisable on or before 30Jun09). Metallica shareholders are eligible for the Supplementary Offer, which will operate in case of shortfall from existing shareholders. Prospectus states 14 June 2005 as record date to determine entitlement for Rights Issue Offer. INI seeks to re-enlist by 1 Sep.05 - rights offer is prior to ASX acceptance of re-enlistment. InterCOAL will acquire Metallica's coal assets. Rio Tinto Coal Australia has only producing coal mine in Tarong Basin, (Meandu coal mine). The coal assets being spun-off by Metallica are close to Tarong Power Station (coal-fired) that produces 30% of Queensland's electricity. Metallica will be 40% shareholder of InterCOAL. InterCOAL has sold its nickel assets for consideration of shares. For details of suspended companies, see www.delisted.com.au
  Forum: By Share Code


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