NIA - Niagara Mining

Hi Guys,

I ´m a german stockinvestor. I ´m new here in the forum and would like to tell you something about the Australian-Stocks who are heavy traded in Germany.

The last three days NIAGARA MINING (NIA) is traded on a very high volume in Frankfurt after a buy recommentation in one of the famous stock-journals. And there are rumors, that the stock will be recommended in the near future very aggressive again.

Today we traded round about 1.750.000 shares. Yesterday over 2 million stocks.

So on,

happy trading and sorry about my english!!

German-Stockpicker

up again!!!

in one hour the following volume:

09:58:55 0,207 25.000
09:49:45 0,207 20.000
09:34:01 0,207 30.000
09:33:02 0,206 50.000
09:13:08 0,205 30.000
09:11:29 0,204 60.000
09:10:21 0,203 70.000
09:09:50 0,202 50.000
09:09:24 0,201 50.000
09:01:59 0,200 10.000

Hi GP

You still in, or anyone else.
Think today could be the day

good volume yesterday, was being capped at 40c, but don't think that will hold today, and think we may see 45+

purchased the old poisiden mine for 8 mil - and was featured on 60 mins with exellent exposure

Watch this baby run if it hits above 41c, i'm in now

Ok what is behind this stock ? I watched the 60 minutes report this weekend and yes I heard the new owner saying that there is a lot of potential in this mine but don’t they all say that. It looks to me that nothing as started yet and it is a highly speculative stock. There is no reason why it would follow the Poseidon trend . Does anyone know why this stock should be a winner ??

I had a quick look through their recent announcements last night. Apart from the posiedon association, and the 60 minutes exposure I can't see much. The drill intersection they spoke about in their last announcement was high grade but didn't seem that wide from what I could figure - they'd have to drill up some more interesting information I would have thought to generate proper interest - but who knows how the market behaves and I didn't look in much detail.

The recent report on the drilling result also had a lot of bold in it - like they were trying to spruik the announcement a bit.

Yep that is my feeling as well at this stage it looks like there is not much to this stock except the Poseidon association.

its now september, stock has not done much. where do people see it heading?

Obviously there's not much interest on here for NIA, but was just wondering what others think of it from a technical perspective. Has it formed a symmetrical triangle? Buyers depth looking very strong at the moment, just hope it stays that way come monday. Any thoughts would be very much appreciated. Thanks

NIA 31 cents. 2007 looks like a big year for them

drill results look good. no real price reaction to announcements....

do you think people are put off by the fact they are trying to gloss it up as the next poesiden?? (Spelling)

No reaction at all to announcement, i guess its a good time to quietly accumulate.

the announcement was positive right????



they value inground nickel at 1.2 billion dollars on their presentation.

NIA bought the ex-WMC/BHPB Windarra nickel mine near Laverton, similar kind of deal to Mincor, Independence, Reliance etc. Indicated JORC nickel resources are 4.1Mt @ 1.4% Ni for 54,400t Ni Metal (Mt Windarra 3.50Mt @ 1.40% for 49.0Kt and Windarra Sth. 0.60Mt @ 0.90% for 5.4Kt). Current nickel price is 32,000 USD/t.

The project consists of Mt Windarra and Windarra South. These 2 mines are 20km apart along the same geological horizon. Historic WMC drilling indicates that mineralisation extends to 1000m vertical depth. An updated resource calculation will be undertaken once the company has finished digitising all the historical WMC paper-based drilling data. 820 holes were entered into the database as of the 14/12/06 announcement, with 450 remaining to be entered. The company is doing metallurgical testwork to allow the processing of 1-2Mt @ 1% Ni nickel sulphide stockpiles at the minesite via atmospheric heap-leach. They have entered into an option agreement with Goldfields to purchase a winder and ore-haulage system for use at the Windarra underground workings. A study by WMC indentified 100KOz of gold in tailings that could be perhaps economically extracted via reprocessing the tailings. There are also additional stockpiles of 1% oxide nickel ore which was not able to be processed before the development of hydrometallurgical techniques such as acid leaching.

In the acquisition announcment the company states that "In the last twenty years geophysical methods and geological concepts have developed considerably enabling geologists and geophysicists to 'explore with a new set of eyes'. Although explored extensively after discovery in 1969 Windarra can be regarded as essentially a greenfields project". (company announcement of 8/12/05).

Exploration - WA Nickel
The company is doing DHEM (downhole electromagnetics, a geophysical technique to detect off-hole conductive bodies such as nickel sulphides), surface TEM (a surface geophysical technique). They are also doing wedge holes from existing diamond drill holes (the drill rod is forced to deviate from the existing drillhole, creating a new hole branching off the existing one. Saves drilling a complete new hole from the surface). The aim of this is to test for Ni resources below the current workings. Highest grade hit so far is 17% nickel over 0.4m from 794.8m at Denny Bore. Denny bore is 10km from the existing mine. This intersection is being followed up by more drilling. Below the existing workings:
NMD0001E
11.0m at 1.26% Ni (621 - 632m) downhole and
2.95m at 2.99% Ni (646.15 - 649.10m) downhole including
0.71m at 7.20% Ni (647.54 - 648.25m) downhole

WA - Lead-Zinc
Downhole clearing of a historic WMC drillhole (WED13) intersected high grade base metals from 682m downhole. WED13 is approx 4km from the Windarra minesite. The intersection is 0.3m thick and contains grades such as

1. 20.97% Zn + 4.91% Pb + 124 g/t Ag
2. 15.06% Zn + 2.82% Pb + 55 g/t Ag
3. 35.59% Zn + 3.31% Pb + 236 g/t Ag
4. 26.80% ZN + 10.40% Pb + 211 g/t Ag
5. 36.38% Zn + 14.36% Pb + 538 g/t Ag
6. 17.29% Zn + 3.84% Pb + 72 g/t Ag

Note: These assays are from a handheld XRF machine. The photograph in the announcement shows the core has been cut, so presumably the other half has been sent to an assay lab for conventional chemical analysis. The company is planning DHEM to locate the source of the mineralisation and site more drillholes. For comparison, CBH is currently mining an orebody of 6.8% Zn, 4.1% Pb and 51g/t Ag.

Ghana
RSG Global is managing a programme of RC drilling to test for extensions of a 900,000 Oz gold resource into NIA's ground. This resource is currently undergoing a BFS by Adamus resources.

Corporate
232m shares * 27c = 62.6m market cap. There is a broker's research report on the company's website dated 29/9/06 - www.niagaramining.com.au

Summary
There appear to be several ways that NIA can generate early value from this project. These include
1) reprocessing the tailings to extract 100KOz of gold;
2) processing the low-grade sulphide and/or oxide nickel stockpiles;
3) exploration success. The potential for discovering extensions to the nickel mineralisation below the mine, or "blind" discoveries which were missed by old prospecting techniques seems high;
4) Newly discovered Pb-Zn intersection.

What happened to this stock? The nickel price is skyrocketing, the SP is downhill from last Oct. Today it shows some life, very interesting.

mmmmmmining..........

Pretty simple mate - they are running out of cash and couldn't raise the money via the US. Still, it's one to watch. A former nickel analyst who used to work in Canada to analyze and value Nickel reserves told me that the drill results showed very promising data - I personally have no idea myself (DYOR, don't buy on this recommendation!!!!!), but with Nickel moving the way it is, perhaps a capital raise is just round the corner. And you know what that means don't you - the broker sponsoring the capital raise will pump the stock to increase the comish!!!!! I will watch this one...... it has been an explosive mover in the past.

Cheers

reece55 said:

mmmmmmining..........

Pretty simple mate - they are running out of cash and couldn't raise the money via the US. Still, it's one to watch. A former nickel analyst who used to work in Canada to analyze and value Nickel reserves told me that the drill results showed very promising data - I personally have no idea myself (DYOR, don't buy on this recommendation!!!!!), but with Nickel moving the way it is, perhaps a capital raise is just round the corner. And you know what that means don't you - the broker sponsoring the capital raise will pump the stock to increase the comish!!!!! I will watch this one...... it has been an explosive mover in the past.

Cheers

Click to expand...

Thanks for the info. Why don't they go after shareholders? Such as right or entitlement or so. Cannot figure it out a 60c stocks dropped to 24c in about half a year. Cannot go to their website to find more info, under maintenance. But I am very interested to find it out.

reece55 said:

mmmmmmining..........

Pretty simple mate - they are running out of cash and couldn't raise the money via the US.
Cheers

Click to expand...

Trading halt. Looks like a money raise.

Suprise, suprise.........

Well, hopefully this will invigorate the price......

Cheers

reece55 said:

Suprise, suprise.........

Well, hopefully this will invigorate the price......

Cheers

Click to expand...

They have got $7.7m @$0.22 plus 2:1 options at 0.405 (Dec 09), and $0.46 (Dec 11).

I think they deal is good for NIA, as the rising share price shows.

Looks much stronger now with more pos anns we could be looking at a sustained rise in sp.dyor cheers

Couple of interesting announcements today

1/ RAB capital becoming a substantial shareholder (22m shares at 22c each)
2/ 0.56m @ 13.49% Ni (666.48 – 667.04m) from NMD0004 reported.