did anyone see that 2m+ sell order dumped at 6.6c?the resistance formed at 6.7c is out, dunno where its gonna build up this time.
Valuation
RHI 40m shares @ $2.75 = $110m, its asset 20% of 135Mt@58.5%Fe = Net 15.795Mt Fe, at $110m = EV of $6.88/ Fe t
So if we give CUL the same $6.88/ Fe t = 30% 68Mt@55.4%Fe = 11.3Mt's Fe = $77.75m = 16c CUL
If u have time how do u get the end result??? of 16cents???
Show me the maths please???
Be appreciated. Especially since i am a invisible being in cyberspace who u cant know in material... Thanking all. Bye.
I was just reading an articel that mentions CUL/HNR's JV Nickel Project
Pilbara old hand takes helm to steer Yilgarn's iron push
Barry Fitzgerald
July 9, 2007
Hannans Reward
FULL points to Hannans Reward for busting out of the traditional mindset that grips most West Perth-based mineral explorers.
The West Perth mindset is based on the recycling of the same old ground in the same old bars and restaurants, and if it's east of the Eastern Goldfields, they don't want to know about it.
That Hannans has broken the mould from its Ventnor Avenue digs was underscored in its recent deal with Bomber fullback Mal Michael and before that, the strategic alliance it struck with China's Landbridge Group ”” the infrastructure, construction, oil refining and timber milling giant that other Aussie resource groups have long courted without success.
The deal with Michael involves his privately held JLM Resources. It will serve up investment opportunities with traditional landowners in Papua New Guinea on a joint-venture basis with Hannans. The link-up is a result of a Melbourne-based Hannans director having a chat over the fence to an Essendon executive aware of JLM's plan to secure foreign equity support for deals that have the interests of the landowners front and centre. Watch for deals cutting across minerals, oil and gas and agriculture.
The Landbridge relationship was also a result of Hannans' Melbourne connections and was sealed with a two-tranche $5.5 million placement of shares at 55 ¢ each. Landbridge's interest is simple enough. It wants access to raw materials of whatever type.
Hannans can't help out just yet but has its hopes pinned to a stepped-up exploration effort in Western Australia that might just come up with the goods.
Most interest will be in the drilling program to start at the group's Forrestania nickel/gold joint venture (Hannans 80 per cent) with Cullen Resources (20 per cent). Eight nickel targets are soon to be tested by the drill bit in an area 15 kilometres north of Western Area's Flying Fox nickel mine.
And further out there is the multi-commodity potential of the Jigalong project near Newman in the Pilbara. It's grassroots stuff, with a geochemical sampling program hopefully leading to the generation of targets worth drilling once heritage surveys are complete. Having said that, it will be the close-at-hand Forrestania nickel exploration that will be worth watching. Hannans shares closed 3 ¢ weaker on Friday at 53 ¢.
http://www.theage.com.au/news/busin...1183833344243.html?page=fullpage#contentSwap2
Did anyone just see that 2.5m bought in one go clearing 7.3c-7.5c?
Crazy just crazy
Another 500k bought at 7.5c
Could be a number of factors,
- General Pilbara Iron Ore run
- News
- YML profit takers moving into CUL
Who knows, but it 8c is cleared (not saying it will be) but if it is, WATCH OUT!
Its accumulation.
the 5 million resistance at 8c disappeared in 1 second I was watching that closely.
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