Australian (ASX) Stock Market Forum

DNK - Danakali Limited

Jump to new
Re: STB - South Boulder Mines

Hey Kennas,

Holding some STB from recent Pt/Pd/Ni/Cu results (looked promising to me), but must agree, high grade and extensive seem to be mutually exclusive. Some high grade and some extensive low grade Au. Not a bad thing to have shallow results, however I'm holding on until there are some more results from the PGE stuff. A good spec based on low market cap IMO:2twocents
 
Re: STB - South Boulder Mines

A decent break-out here on the back of some decent drill hits for the Rosie.

To quote the MD, an exciting greenfields nickel development.
 
Re: STB - South Boulder Mines

Has now hit an all time high of 45.5 cents. Perhaps speculation about the awaiting assays from the terminator gold project as well as the Eritrean Potash.
 
Re: STB - South Boulder Mines

razza12 said:
Has now hit an all time high of 45.5 cents. Perhaps speculation about the awaiting assays from the terminator gold project as well as the Eritrean Potash.
Click to expand...

Think it is more a case of tight capital structure and an increase in demand.

But the projects are taking shape.

Some interesting action with Allana Corp attracting Chinese investment.
 
Re: STB - South Boulder Mines

Up 30% on the back of some good nickel hits. Is now up 200% in a couple months. The hedge fund that bought in at 30c a while ago would be smiling now, but took a while to pay off.

I sold out cause i didnt like the African move. :banghead:
 
Re: STB - South Boulder Mines

Has now shot up to 70 cps so another all time high and this time at the close.

IGO release for Rosie has shown some meaty nickel hits and some PGE credits. The deposit also seems to be open at depth.

Gold results (Terminator) to come and further newsflow on potash in Eritrea.

This bottom drawer dweller is finally paying some decent divvies. :)
 
Re: STB - South Boulder Mines

This is some break-out now - just hit another intra-day high of 96cps. :confused:

The only thing that seems to have changed is the volume. Hanging for an updated top 20.
 
Re: STB - South Boulder Mines

Pretty amazing run.

How did they get away with the 'we know nothing' on 30 March to then call a Trading Halt on 1 April to announce results. Incredible. :confused:

The Ni hits of AGO don't look that eath shattering to me either. :confused:

Maybe just sentiment and tightly held..
 
Re: STB - South Boulder Mines

Still powering on. 20c to $1 in a couple months, on the back of some 'normalish' nickel hits.

Something doesnt seem to adding up, as they are no-where near production on any of their projects...

Perhaps im just annoyed i sold :banghead:
 
Re: STB - South Boulder Mines

Unloaded half at $1. Sitting on the rest and some IGO (JV partner) for the long term. Would be suprised if it goes near $1 again in the short term. Best performer i've had for a long time.:)
 
Re: STB - South Boulder Mines

Could anyone see IGO have a nibble at STB?

Surely if they get some good results as Rosie this is a big possibility?

Interesting to see the GEO at IGO won the J.H medal for best geo.
 
Re: STB - South Boulder Mines

The company reckons they have a major Potash deposit on their hands.

Wonder if there's Native Title issues with this one?

Been a while since I've looked at Potash, are the grades and depths that good?
 
Re: STB - South Boulder Mines

The grades looked good to me, got back in today, with Lake McKay being the last chance for Reward Minerals in the short term, the grades and intersection width looked very good to me. Obviously there's some questions RE: Native Title, however these are usually overcome in a well run company.
 
Re: STB - South Boulder Mines

Someone should let BHP know of the Potash potential STB may have in Africa..

I am sure the Eritrean foreign ownership board would welcome the investment and not be obstructive...

Just a thought.

benwex
 
Re: STB - South Boulder Mines

This is my biggest 'what if' stock.

I sold out with a 10% profit on the back of the potash project in a country i had never heard of. Now they are up 1000% from where i sold :banghead::banghead::banghead:
 
Re: STB - South Boulder Mines

A quick update that this stock is running hard atm with no particularly related news.

Jan 19th it released:

MAIDEN JORC/43-101 POTASH RESOURCE BASED
ON ASSAYS FROM FIRST THREE HOLES ONLY
South Boulder Mines Ltd is pleased to announce the completion of an
initial JORC and 43-101 compliant Measured, Indicated and Inferred Mineral
Resource Estimate located at < 100m depth for the Colluli Potash Deposit.
Highlights include;
● A maiden Mineral Resource Estimate comprising;
o 547.62Mt @ 18.58% KCl (total contained potash of 101.73Mt);
o Includes 119.21Mt @ 23.14% KCl;
o Total in-ground value of ~ USD $40.5bn using USD $400/t KCl;
● Increased Exploration Target of;
o 750Mt – 1.25 billion tonnes @ 18-20% KCl;
o Includes 450Mt – 750Mt @ 20-23% KCl;
Click to expand...
3-02-2011 2-44-03 PM.jpg
It seems that the maiden resource was a disappointment to holders as the sell off in mid jan appears quite severe.

A favourable recommendation from D & D I think.

Now all this speculation (of which I am a part) seems to be pushing it along, nothing has changed.
 
Re: STB - South Boulder Mines

Up to $6 per share and a $500m market cap with no earnings in site :eek:

This is valued at more than companies like Macquarie telecom who have 20m profit pa. Crazy market sometimes...
 
Re: STB - South Boulder Mines

that has been an incredible run ... would have been nice for anyone who tucked a few away long term .. the hard part is holding when you can take profits... find my post back at the start of the fmg thread and you will know what i am talking about .. Potash certainly seems to be the flavour of the month.. how much fertilizer does the world need.
 
Re: STB - South Boulder Mines

I think the world needs about the same amount of potash as it did rare earths a few months back!
Just wait until everyone announces they are finding potash all of a sudden and you will know it is time to sell.
 
Re: STB - South Boulder Mines

STB - constant downgrading and I personally thought the company got good intrinsic strength.
But looking at constant sliding note and PLEASE EXPLAIN from ASX , I have lowered my buy target much lower than I kept couple of weeks ago. Thank God for doing it, otherwise I would have landed an unimaginable low price being excuted.

keeping an eye but do not hold
 
Top