AUL - AuStar Gold

Interesting results released today.

Several prospects on the cards. May be one to watch.

Only up a lazy 90% today and not a whisper...come on Aussie Stock forum Members

Mantle Mining to acquire Mt Mulligan coal deposit

Mantle Mining Corp (ASX:MNM) will acquire 37.5 per cent of the Mt
Mulligan coal deposit including coal seam methane via acquisition of
Trafford Coal.

The deposit is 100km west of Cairns, Queensland, and estimated at
around 500mt.

The acquisition provides the company with a more diversified
portfolio of assets and access to significant participation in the north
Asia energy market.

The consideration is $100,000 cash and issue of 2m shares in
Mantle at deemed issue price of 20c each.

This was mentioned elsewhere as something that may be of interest to the Poo brigade.MNM recently announced that they have tenements close to MAKs Wonorah deposit,heres the ann just to confirm it as often companies jump on the latest bandwagon
http://imagesignal.comsec.com.au/asxdata/20080415/pdf/00832322.pdf and just to confirm this i checked here http://www.minerals.nt.gov.au
and they kindly emailed the map below.There has been some buying interest of late,but definitely nothing substantial.Mantle have EL 26018,19,20 and 21,the other highlighted blocks belong to MAK.Buy side is stacking up on this today,and up 20% today
1 25,000 0.145 Buy
4 154,576 0.140
1 158,101 0.135
1 20,700 0.130
2 79,500 0.125
3 120,000 0.120
2 32,990 0.110
2 356,886 0.105
1 21,667 0.100
1 83,000 0.095
#
1
2
3
4
5
6
7
8
9
10
Price Quantity Number Sell
0.150 50,000 1
0.160 62,000 2
0.170 50,000 1
0.180 65,000 3
0.255 36,892 1
0.285 25,000 1

lol the Poo Brigade is what everyones calling them now, lol its the official sector, "so what have you got your money invested in?" "****" lol

I did look at MNM a few months back but for its coal potential

It's currently up 54%, there seems to be a bit of volume today, it was up on friday 14%.

No announcements are out. Does anyone have a clue why its up so much? Gold and copper prices up today?

Nearology to MAK,people hoping to pick the next fertilizer stock to run and hoping to get in early.Mick_2006 summed it up elsewhere in more words

I just bought some at 0.16c, only to sell 15min later at 0.21c. Quick little profit. Up 66%

anyone else got some shares in this?

MNM is also one I liked due to its coal exposure. But the nearolgy effect to the MAK phosphate project is what is fueling this latest run.

the investment community is finally starting to realise that we are at the beginning of an agricultural super cycle, hence we have seen good runs on shares like MAK,RWD and IPL.

What makes the agricultural sector so interesting is the lack of listed companies that are either producing or even exploring for minerals such as phosphate and potash, infact the entire potash consumption in Australia at the momment is being met by imports there are no local producers. The supply/demand picture is heavily favouring producers at the momment with supply deficits likely for the next 5-10 years.

As we all know once a sector starts catching investors attention the bigger plays in the sector move first and then as the hot money flows into the sector the spec names usually catch fire and mulitiply returns very quickly.

In the agriculture/fertilizer space the big one is IPL and then you have RWD and MAK as the mid caps, and below that there are only a handfull of spec plays, these spec plays is where the money is to be made in the short term. IPL, MAK and RWD have had spectacular runs and now investors are starting to look further down the pecking order to gain exposure to the rampaging agricultural sector.

There is one stock in particular that seems to stand out as the leader in the spec agricultural space, can't give the name out yet as I haven't grabbed my fill yet.

alankew said:

Nearology to MAK,people hoping to pick the next fertilizer stock to run and hoping to get in early.Mick_2006 summed it up elsewhere in more words

Click to expand...

I still don't get why it moved up so strong today, I mean I know why ie the nearology to MAK's Phosphate project, but why did the mkt only realise it today,

There must be something more to it, maybe the company did a presentation to brokers or something, whatever the case, they sure look like they like the story

Poo Brigade Charge

as you know YT, I'm a big STB fan and for those who missed the big gains on MNM today check out the Cardabia Phosphate Project for STB with massive historical phosphate grades it could be huge.

I personally think that this nearology crap is just that.

It just reminds me of FDL we're near FMG so our share price goes up. Now MNM is near MAK so push the share price up.

No results yet big gains.

Mick thanks for the heads up on STB, it does look interesting and will do some research on it

no worries fed23, STB has certainly got a beauty of a project in Cardabia, with an increase in volume recently, maybe they have nailed down another project.

Dont know why it went up so much either other than the obvious reason of people jumping on for a quick ride,heres a response to an email sent yesterday to the MD.Nice to see he at least answered even though he didnt give any details(obviously) but might be a bit more than hype here

Thanks for your query and thanks for your support as a new Mantle shareholder.



I cannot give you too much detail on our plans for those tenements however would say that there will be a media release in the next week or so on our plans and that they include field reconnaissance in the upcoming dry season.



Best Regards



Ian Kraemer

Managing Director

alankew said:

Dont know why it went up so much either other than the obvious reason of people jumping on for a quick ride,heres a response to an email sent yesterday to the MD.Nice to see he at least answered even though he didnt give any details(obviously) but might be a bit more than hype here

Thanks for your query and thanks for your support as a new Mantle shareholder.



I cannot give you too much detail on our plans for those tenements however would say that there will be a media release in the next week or so on our plans and that they include field reconnaissance in the upcoming dry season.



Best Regards



Ian Kraemer

Managing Director

Click to expand...

hmm.. Sounds interesting. It is still strong today. I've still got some money in there, thinking whether i should put more on. I wonder if the news is good news.

on the 16th it was 10cents now its 22cents. Has gone over 100% in less than a week.

I thought there would of been some profit takers bailing out this morning, buying in at 19cents today would of been a smart choice on my behalf

Some interesting research from another share site. There is a map showing EL's but couldn't copy it.

A punter has dug up old phosphate results that are on MNM's newly acquired phosphate tenements. To my surprise IMC did testing in this region in the late 60's and 70's.

MNM has been granted exploration licenses for the tenements EL26018, EL26019, EL26020 and EL26021. These are common with historic tenements AP2161 and AP1766. The overlap can be seen in the graphic below.

The results of the historic tests are:

Company name IMC
Year 1969
Tenement AP 1766,2159,2160,2161,1897
Author Perrino FA
Report no CR1969-0022
Project area Alexandria region
No of drillholes 98
Mapsheet RANKEN, MOUNT DRUMMOND, BRUNETTE DOWNS, WALHALLOW, CALVERT HILLS
Drilled logs Yes
Assay Yes
Formation Wonarah Formation, Anthony Lagoon beds
Phosphate lithology Siltstone, chert , carbonate rocks (limestone, dolostone) and mudstone
Significant holes More than 20% P2O5 found in W2, W20, W37
Comments Report proved that distribution of phosphatic material is greater around margins of Precambrian basement and over
probable basement highs. Drilling in the Wonarah authority proved the presence of ore-grade phosphate.

Company name IMC
Year 1969
Tenement AP 2161
Author –
Report no CR1970-0040
Project area Alexandria region (Wonarah)
No of drillholes 139
Mapsheet RANKEN, BRUNETTE DOWNS
Drilled logs Yes
Assay Yes
Formation Wonarah Formation
Phosphate lithology Cherty siltstone, siltstone, mudstone
Significant holes W39, W48, W60A,W66, W73, W112, W103, W117, W119, W135 have more than 20% P2O5.
Comments Several holes showed a positive result for phosphate; 10 holes contained >20% phosphate. An interpretation of the data
is in Perrino (1969).

Company name IMC
Year 1970
Tenement AP 1766
Author –
Report no CR1970-0037
Project area Alexandria region
No of drillholes 88
Mapsheet RANKEN, MOUNT DRUMMOND
Drilled logs 44 provided
Assay Provided for some holes
Formation Burton beds (now Wonarah Formation)
Phosphate lithology Siltstone, clayey siltstone, chert, limestone
Significant holes Phosphate percentages more then 15% were recorded in A76, A79 and A80
Comments Several holes contain <10% P2O5 and three holes contain >15% P2O5. Lithological and gamma logs of 44 holes are provided. It also includes two structure maps of region.

Ann out this morning re their Barkly Phosphate prospect.Quick question for anyone able to answer,they also mention that they will get U credits(if and when etc)but isnt this a bit presumtious asthey are not allowed to mine U atm.This applies to all mining companies,what if they are digging for Gold etc and find a shipload of U,do they just chuck it back in the hole and keep quiet or whatAnyway the market likes it,up 40% or so.Sorry make that 50%

YOUNG_TRADER said:

I still don't get why it moved up so strong today, I mean I know why ie the nearology to MAK's Phosphate project, but why did the mkt only realise it today,

There must be something more to it, maybe the company did a presentation to brokers or something, whatever the case, they sure look like they like the story

Poo Brigade Charge

Click to expand...

Well well well the Poo Brigade is really charging on this one, looks like the mkt is completely smitten with the companies Phosphate leases

I am truly blown away with the share price performance and feel really sorry for those Opes Prime victims who had ANZ sieze and sell their shares, dirty dogs they are!

YOUNG_TRADER said:

Well well well the Poo Brigade is really charging on this one, looks like the mkt is completely smitten with the companies Phosphate leases

I am truly blown away with the share price performance and feel really sorry for those Opes Prime victims who had ANZ sieze and sell their shares, dirty dogs they are!

Click to expand...

So how many in hte POO Brigade atm?

IPL, RWD, MAK, MNM, STB? others?

thx

MS

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

CUO also appears to have some exposure.

Inferred resource of 2MT P205 @ 18.3%

http://www.energy.qld.gov.au/zone_files/Commodities/491174.pdf

EPM 11660 location Pg2 Fig 2

http://imagesignal.comsec.com.au/asxdata/20071129/pdf/00789206.pdf

Disclosure: I hold CUO shares.