GIB - Gibb River Diamonds

[Bushman]

Hi guys;

Slightly premature as this one is due to list on 1 July 2008 but it could be a good one. Here is a warm welcome to the next member of the 'poo brigade'!

POZ - Phosphate Australia Ltd: - looking to raise $10m via issue of 50m shares at 20cps. Total shares on issue will be 94.675m which will give it a mkt cap of $18.9m.

So why be interested in this one? Headline project is a Georgina Basin sedimentary rock phosphate prospect called Highlands Plains. Now note that this is a non-JORC complaint deposit, but historical drill results show a potential 82.6 Mt @ 20% P2O5. That compares favourably with MAK's 72MT @ 20-odd % over at Wonarah in the Georgina Basisn.

They also hold a few other poetntial targets (Alexandria Aloy, Buchanan Dam etc) with drill hits of over 15% P2O5. All up they have a huge 22,240km of tenements in NT!

$10m is being raised to -
1. get Highlands Plains drilled and JORC'd ASAP; and
2. Further explore other Georgina Basin/NT holdings.

From the way things are progressing, Georgina Basin might one day be up there with names like 'Pilbarra' for wealth generation (I can only dream ). To remind everyone, phosphate is a staple for agricultural production and we have 6 billions souls and counting on this planet.

Chairman is Jim Richards who is an ex-UMC geologist credited with fidning the Railway project in the Pilbarra.

Could be good to get on this one earlier as it will move if the 82MT @ >20 P2O5 can be delineated.

Cheers
B'man

 

[alankew]

Re: POZ - Phosphate Australia

Bushman they will probably find some U as well as this seems to be the case with a few U companies in that area.Think that people will struggle to get in on th IPO as I believe it is all allocated (check shares.com.au)but maybe after the dust settles on day one

 

[champ2003]

Re: POZ - Phosphate Australia

Hi guys;

Slightly premature as this one is due to list on 1 July 2008 but it could be a good one. Here is a warm welcome to the next member of the 'poo brigade'!

POZ - Phosphate Australia Ltd: - looking to raise $10m via issue of 50m shares at 20cps. Total shares on issue will be 94.675m which will give it a mkt cap of $18.9m.

So why be interested in this one? Headline project is a Georgina Basin sedimentary rock phosphate prospect called Highlands Plains. Now note that this is a non-JORC complaint deposit, but historical drill results show a potential 82.6 Mt @ 20% P2O5. That compares favourably with MAK's 72MT @ 20-odd % over at Wonarah in the Georgina Basisn.

They also hold a few other poetntial targets (Alexandria Aloy, Buchanan Dam etc) with drill hits of over 15% P2O5. All up they have a huge 22,240km of tenements in NT!

$10m is being raised to -
1. get Highlands Plains drilled and JORC'd ASAP; and
2. Further explore other Georgina Basin/NT holdings.

From the way things are progressing, Georgina Basin might one day be up there with names like 'Pilbarra' for wealth generation (I can only dream ). To remind everyone, phosphate is a staple for agricultural production and we have 6 billions souls and counting on this planet.

Chairman is Jim Richards who is an ex-UMC geologist credited with fidning the Railway project in the Pilbarra.

Could be good to get on this one earlier as it will move if the 82MT @ >20 P2O5 can be delineated.

Cheers
B'man

(Could be good to get on this one earlier as it will move if the 82MT @ >20 P2O5 can be delineated.)

And how long do you think it will be before they finally get a jorc resource if at all? Would you say approx 18 months time from now?

I'll be watching this one but i'll definitely stay with MAK for now as they are way ahead of all other phosphate plays. If MAK goes sky high then POZ could be a long term winner as well as it will follow in MAK's footsteps. In the meantime stick with the best IMO and that is MAK.

I think that whoever has a stake in the float may come out with an initial profit if they sell early but I don't think that this will be sustained with this company for too long similar to the float that TORO Energy (toe) had. It went up far too high to start with and then came crashing down due to them taking far too long to find any uranium and prove it up to a JORC resource.

Time will tell and I'm sure that there will be some very interesting times ahead for all fertilizer companies that can prove that they have the goods.

Best of luck with POZ.

Cheers!

Champ

 

[michael_selway]

Re: POZ - Phosphate Australia

Hi guys;

Slightly premature as this one is due to list on 1 July 2008 but it could be a good one. Here is a warm welcome to the next member of the 'poo brigade'!

POZ - Phosphate Australia Ltd: - looking to raise $10m via issue of 50m shares at 20cps. Total shares on issue will be 94.675m which will give it a mkt cap of $18.9m.

So why be interested in this one? Headline project is a Georgina Basin sedimentary rock phosphate prospect called Highlands Plains. Now note that this is a non-JORC complaint deposit, but historical drill results show a potential 82.6 Mt @ 20% P2O5. That compares favourably with MAK's 72MT @ 20-odd % over at Wonarah in the Georgina Basisn.

They also hold a few other poetntial targets (Alexandria Aloy, Buchanan Dam etc) with drill hits of over 15% P2O5. All up they have a huge 22,240km of tenements in NT!

$10m is being raised to -
1. get Highlands Plains drilled and JORC'd ASAP; and
2. Further explore other Georgina Basin/NT holdings.

From the way things are progressing, Georgina Basin might one day be up there with names like 'Pilbarra' for wealth generation (I can only dream ). To remind everyone, phosphate is a staple for agricultural production and we have 6 billions souls and counting on this planet.

Chairman is Jim Richards who is an ex-UMC geologist credited with fidning the Railway project in the Pilbarra.

Could be good to get on this one earlier as it will move if the 82MT @ >20 P2O5 can be delineated.

Cheers
B'man

Hi could be be interesting, POZ, CII, PIL, MAK, RWD, STB, looks promising sector

thx

MS

---------------

 

[michael_selway]

Re: POZ - Phosphate Australia

Good articleon fertilisers

http://business.smh.com.au/farmers-suffer-fertiliser-drought-in-wake-of-mergers-20080629-2yuo.html

Terence Fishpool has been a farmer for 31 years. On a property in Tottenham, between Dubbo and Cobar in western NSW, he grows wheat, barley, oats and lupins.

In mid-November last year, Fishpool and three other farmers banded together to buy a year's supply of fertiliser. It is cheaper and more efficient to order en masse.

Fishpool knew the costs were steep: prices have almost trebled in the last couple of years. But he was shocked when on the day the fertiliser was expected to arrive, December 6, his agent called to say the trucks had been turned around.

There would be no delivery. The country's biggest supplier, and darling of the sharemarket, Incitec Pivot, had rejected the order, on the grounds there was no fertiliser available and it could not fulfil the contract.....

POZ, CII, IPL, MAK, RWD, STB, NUF

thx

MS

 

[Bushman]

Re: POZ - Phosphate Australia

Others must have read that article Michael - it is a hot opening with the shares currently trading at 55 cps or a 175% gain on the IPO price of 20 cps.

See earlier post for details of deposit but it is similar in nature to MAK Wonarah and JORC is being finalised a la MAK.

Shizen - never easy to time these IPO as they inevitably pare back if they hit the ground running. But this one has great buy side depth at the moment.

 

[Real1ty]

Re: POZ - Phosphate Australia

I applied for this IPO but unfortunately was a bit slow off the mark and i missed out.

Going to end up being costly unfortunately.

 

[alankew]

Re: POZ - Phosphate Australia

Reality dont be harsh on yourself,unless you applied through the lead broker you wouldnt have got any,thats part of the reason it did so well

 

[andy87]

POZ - Phosphate Australia

Stocks for POZ were floated a couple of days ago. Floated at 20c and now worth 55c. Initial estimates say they have 82.6 million tonnes of phosphate at 20%. Also has uranium and iron ore deposits in their land holdings. At the moment phosphate is continually rising so much so that Morroco's phosphate rocks are going for $400/tonne

Ive done some of my own research and looks promising. Like to know if anyone else has looked into them and get anyones thoughts?

 

[andy87]

Re: POZ - Phosphate Australia

Stocks for POZ were floated a couple of days ago. Floated at 20c and now worth 55c. Initial estimates say they have 82.6 million tonnes of phosphate at 20%. Also has uranium and iron ore deposits in their land holdings. At the moment phosphate is continually rising so much so that Morroco's phosphate rocks are going for $400/tonne

Ive done some of my own research and looks promising. Like to know if anyone else has looked into them and get anyones thoughts?

oops, I didnt realise that there was already a topic on POZ so just disregard what ive said above ^^^

 

[michael_selway]

Re: POZ - Phosphate Australia

Stocks for POZ were floated a couple of days ago. Floated at 20c and now worth 55c. Initial estimates say they have 82.6 million tonnes of phosphate at 20%. Also has uranium and iron ore deposits in their land holdings. At the moment phosphate is continually rising so much so that Morroco's phosphate rocks are going for $400/tonne

Ive done some of my own research and looks promising. Like to know if anyone else has looked into them and get anyones thoughts?

POZ has doen well since listing

CII, IPL, RWD, MAK, NUF, ADY, STB, GCR, POZ

So thats pretty good

thx

MS

 

[Fool]

Re: POZ - Phosphate Australia

Just a heads up, stock at 52 week lows and should be positive anny in Oct.

From their latest anny - Highland Plains Phosphate Project Update

“In addition to the anticipated resource upgrade, Phosphate Australia also expects to announce by late October an update on current metallurgical test work for the project’s mineralisation, and anticipates by end of year to also receive reports on”

“ he preliminary mining concept study based on the October resource update for the Western Mine Target Zone”

 

[Fool]

Re: POZ - Phosphate Australia

POZ

Mkt Structure

Shares
94,675,000 ordinary shares, fully paid
Options
22,850,000 20 cents 31 July 2012
150,000 20 cents 11 August 2010
RESTRICTED SECURITIES
42,050,000 ordinary shares 1 July 2010

Mkt Cap @ 20c = $19m
Mkt Cap @ 40c = $38m
Mkt Cap @ 60c = $57m

Cash
$5m + $4.5m from opies = $9.5

TOP 20 Holders
57.77%

Debt free

Cash value 5.3cent
Cash value 8cent with oppies


Projects

Highland Plains Project Phosphate, 100%, NT.
(Mkt cap $150m+) has outlined JORC of 7Mt@23%P2O5
Inferred Resource of 56 million tonnes at 16% P2O5

Alexandria, Alroy and Buchanan Dam Phosphate, 100%, NT.
drill intersections include 6.1m @ 25.0% P2O5 from 12.2m (Buchanan Dam), 6.1m @ 15.6% P2O5 from 48.8m (Alexandria) and 4.6m @ 15.5% P2O5 from 17.4m (Alroy).

Constance Range iron ore project - South Nicholson Basin Iron ore, 100%, NT.
The Constance Range iron ore deposits were extensively explored from the mid 1950s to
the early 1960s by BHP who estimated a combined conceptual mineralisation for all
deposits of 315Mt @ 50.4% Fe. Impurities were “low” except for silica which exceeded
9%.

South Nicholson Basin uranium, 100%, NT
There are numerous airborne uranium radiometric anomalies on the Company's tenements that are prospective for uranium mineralisation; these anomalies warrant ground follow up.

Summary
8.5mil Cash, recent capital raising placed at 27cent for 3.83mil.

I am very bullish on Phosphate, with the world recovering food will be a hot topic. I for the life of me couldn’t find Phosphate spot price, but it my research it follows the price of corn closely. You can see Head and Shoulders in the corn price in the monthly chart and on bullish signs in the daily.

POZ upcoming news
It is expected that this new resource estimate will be available late in October.
A scoping study by the start of 2010.

 

[Kalvin]

Re: POZ - Phosphate Australia

The problem with POZ (and with MAK) is that world phosphate prices are at an all time low, and supply at a high, and increasing, and with grain prices also being very low, there isn't too much enthusiasm on the part of farmers to spend money on fertilizer. Assuming the GFC does resolve, it maybe be the phosphate price, and hence the SP of POZ (and, maybe, MAK) might pick up. MAK seems to have larger problems related to the intrinsic costs of phosphate production for them, although the quality of Rock Phosphate they produce seems better (Lower Cadmium / uranium content) than the phosphate available from Morocco. I suspect it will take 6-9 months fro the phosphate fundamentals to improve sufficiently for these stocks to be worth anywhere near what they should be.

 

[Fool]

Re: POZ - Phosphate Australia

Hmm I agree, just not on the time frame, I think when China settles 3-6month there will be a quick turn in prices.

 

[Fool]

Re: POZ - Phosphate Australia

Looks like it's shaping up today for a W V pattern. Looks likely to break the 20cent support line from the mounting seller side. Hopefully this break will validate the pattern and we will see a bounce.

 

[Kalvin]

Re: POZ - Phosphate Australia

China looks like it might have to start importing more phosphate soon; apparently having poor crops ATM with low fertilizer stockpiles. Hopefully companies like POZ and MAK will do well rom this....

 

[Fool]

Re: POZ - Phosphate Australia

Looks like my above chart was on the mark, happy days. Should be interesting to see where is goes from here, anns still yet to come.

Disclosure: no longer hold

DYOR

 

[springhill]

Re: POZ - Phosphate Australia

Catching up on POZ.

Total Shares on Issue 109,876,250
Options on Issue (exp July 31 2012 @ $0.20 & $0.30) 24,950,000
Options (exp 2013&14 @ $0.19 & $0.20) 500,000
Options (exp 2014 @ $0.10) 950,000
Market Capitalisation (undiluted $0.07c per share) $7.7 M
Cash on Hand (End Q Dec 2011) $2.95 M

MAJOR SHAREHOLDERS
Board & Management 35,250,000 - 32.4%. Options - 16,700,000
Top 20 Holders 63,339,060 - 57.7%. Options - 24,700,000
BHP Billiton Ltd 5,000,000 - 4.5%. Options - 6,000,000


POZ Flagship Project at Highland Plains in the NT has a JORC compliant resource of 53,000,000
tonnes @16%P2O5
Other POZ Phosphate projects in the vicinity with historic drilling intersections include
Buchanan Dam, Alroy and Alexandria
Projects owned 100% by POZ with no private royalties

Targeting Further Major Phosphate Deposits

• Alexandria – 6.1m @ 15.6% P2O5 from 48.8m
• Alroy – 6.4m @ 12.0% P2O5 from 16.2m
• Buchanan Dam – 6.1m @ 25% P2O5 from 12.2m

Metallurgy
Flotation tests: Best float test to date from the coarse fraction gives a grade of 37.4% P2O5 (upgraded from 23.4% P2O5) at 53% recovery of phosphate
Highland Plains phosphate has low levels of the contaminants organic carbon, sulphur, fluorine, chlorine, cadmium and uranium

Mine To Coast – Slurry Pipeline
 CAPEX estimates vary from AUD$184 M to AUD$226M
 OPEX estimates vary from A$2.06/t to A$3.69/t for a 2 to 3 Mtpa operation
 CAPEX payback: 2.5 to 3 years.
 Early hydro geology investigation indicates ample water to support slurry pipeline operation




OPEX – 2 million tpa operation*
(Life of Mine)
Activity AUD/Tonne
 Mining 20
 Beneficiation 30
 Slurry Pipeline Transport 4
 Barge Loading & Ship Loading 12
 Contingency 6
Total ~ 72AU/T

CAPEX – 2 million tpa operation
Activity AUD Million
 Mine Construction 72
 Beneficiation Plant 90
 Road Upgrades 20
 Slurry Pipeline and Handling 190
 Loading Facility and Barges 30
 Contingency 20
Total ~ 422

Tuckanarra Gold Project (WA)
100% interest in the historic Tuckanarra Gold Project, WA no private royalties
 Historic production ~125,000 ounces
 August 2011 – Project acquired
 Permits granted and 2 x drilling programs completed to date


 Cable West, Cable Central and Cable East Vein Targets
 New Target at Battery
 New Discovery at ‘Drogue’ (6m @ 156.6g/t ftom 6m (composite)

Other Projects and Deals
 Musgrave Project (WA) Anglo-American Farm in: $50,000 to POZ, Fly SPECTREM EM Survey, Right to earn 70% in a JV, must spend $3million, required to complete a minimum 5,000metres drilling. POZ then free carried through JV until completion of BFS.
Prospective for PGE’s and Ni-Cu. Platinum Group Element assays at surface of up to 3.4 g/t (mainly platinum), 10’s of km of strike potential. The BHP Billiton Ltd controlled Nebo-Babel deposit (393 Mt at 0.3% nickel and 0.3% copper) remains the most significant discovery in the region to date.
 Robinson River Manganese (NT) Agreement signed with Mineral Resources Limited subsidiary, PMI: to
exclusively explore and develop manganese deposits within POZ’s Robinson River project in NT for a free carried
royalty. PMI is a very significant manganese mining and development company with considerable expertise in bringing manganese resources to production.
 Nicholson Iron (NT) POZ 100%: Large area of 1,400 km² prospective for Clinton-style oolitic iron mineralisation.
Recently a one tonne metallurgical sample was collected by Company geologists from one of the mineralised sites POZ had discovered, the sample beneficiated to up to 59.1% Fe, 7.4%SiO2, 0.03% P with a 55% recovery. Overall size potential of the iron project in this under-explored region is large.

 

[GeoNut]

Re: POZ - Phosphate Australia

Hmm, a lot to like about the West Musgrave Project.
-Been told Anglo are following up on some very nice em conductors. (Quarterly mentioned Anglo had found a number of conductors worth following up on).
-The tenements are just to the north of BHP's nicklel/copper deposits.
-Market is looking for the next SIR.