DIO - Dioro Exploration
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Re: Dioro (dio)
Two questions for Kennas:
1. Why did you set your cut off level at "2 m oz plus now" ?
2. What "things" are currently at or above that level ?
Two questions for Kennas:
1. Why did you set your cut off level at "2 m oz plus now" ?
2. What "things" are currently at or above that level ?
Sean K
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Re: Dioro (dio)
2. IRN, SBM, NCM, OXR, LHG, AGG, NEM, CTO, BSG, KMN, SGX, TRY (I think) amongst others.
1. I was looking for projects with a fairly long life, and/or a possible takeover target. The big miners look for potential resources around or above 2m oz. This was just my thoughts at the time. Of course, there are plenty of high grade low oz deposits out there that are economical, and I would probably look at anything on it's merits now. You can make money investing in smaller resources of course.
2. IRN, SBM, NCM, OXR, LHG, AGG, NEM, CTO, BSG, KMN, SGX, TRY (I think) amongst others.
Article about DIO from The Age published 21st May.
http://tinyurl.com/yr9fzs
Reads as if frustrating times may be behind them now.
http://tinyurl.com/yr9fzs
Reads as if frustrating times may be behind them now.
DIO
Dioro Exploration NL
Diluted Shares On Issue: 680,000,000
Current Share Price: 10c
Current Market Cap: $68m
Reasons its a good buy:
* Excellent Frog's Leg Gold JV (49% owned by DIO)
* Yesterday was reccomended as a BUY from Fat Prophets
* Expected JORC upgrade late June
* Gold prices rose for the fourth straight day Tuesday
* Excellent volume and current breakout today at 10.5c
* Top 3 shareholders own 20% - LinQ, Harmony and La Mancha
Penfold Project:
AU:
* The Penfold Project contains 267,000 oz Au of JORC compliant resources in thirteen prospects
* Existing resources are yet to be reviewed or optimised at current gold prices
* All resources are within a short trucking distance to several mills in the area including Harmony’s Jubilee
* The Penfold Project contains some of the most highly prospective and richly gold endowed shears in Australia.
* Dioro plan to spend between $1.5M and $2.0M in the next 12 months on exploration at the Penfold Project.
NI
* Dioro is acquiring from Harmony a large land holding in the Kalgoorlie-Kambalda District with exceptional Ni prospectivity – historically the tenure has been held exclusively by gold focused explorers.
* The project area covers extensions of 3 major ultramafic belts, all of which contain demonstable nickel sulphide production and/or exploration potential
* Dioro is planning to review the nickel potential as very little nickel exploration has been undertaken on the project in recent times.
Frogs Leg Deposit (Mungari East Project):
* The Frog’s Leg deposit contains a resource of 865,000 ounces
grading 5.9g/t gold (excludes open pit gold production of 130,000oz)
and is open at depth below 400m and along strike to the north and
south. The current drilling program underway has the potential to
add up to 500,000 ounces to this resource inventory.
* A Dioro Frog’s Leg underground pre-feasibility study was released
to the market in June 2006 confirming a robust underground resource.
The underground study produces 2.77 million tonnes grading 5.43
g/t Au over 7.5 years for an operating surplus of up to $158.5 million
at a A$800/oz gold price.
* The partners are set to announce a resource upgrade in June and while a bankable feasibility study is not due until next quarter, they have already started to assemble mining equipment and personnel ahead of a start to production in 2008.
Pokai Project - Gold - Dioro has a 90% interest in two prospecting licences located adjacent to the Mungari East project, 27km
west of Kalgoorlie
Lake Greta Joint Venture - Gold - Dioro has a 24.5% interest (Barrick 50%, MRA 25.5%) in two tenements located west of the Frog’s Leg
deposit and 3km south along strike from the million ounce Raleigh deposit (Barrick/Tribune/Rand).
Kunderong Project - Gold and Uranium - During 2005, Dioro pegged four exploration licences (Kunderong project) in the Ashburton region of Western Australia. The tenements have subsequently been granted and are considered prospective for both gold and uranium.
Ottrey Project - Gold and Copper - During 2005, Dioro signed a deal to earn a 80% interest by spending $650,000 over a three year period
on E39/592, located 30km S of the Sunrise gold mine and 220km NNE of Kalgoorlie in the southern portion of the Laverton tectonic zone.
-----
Disclosure - I bought in today for 10.5c
http://www.dioro.com.au/
Dioro Exploration NL
Diluted Shares On Issue: 680,000,000
Current Share Price: 10c
Current Market Cap: $68m
Reasons its a good buy:
* Excellent Frog's Leg Gold JV (49% owned by DIO)
* Yesterday was reccomended as a BUY from Fat Prophets
* Expected JORC upgrade late June
* Gold prices rose for the fourth straight day Tuesday
* Excellent volume and current breakout today at 10.5c
* Top 3 shareholders own 20% - LinQ, Harmony and La Mancha
Penfold Project:
AU:
* The Penfold Project contains 267,000 oz Au of JORC compliant resources in thirteen prospects
* Existing resources are yet to be reviewed or optimised at current gold prices
* All resources are within a short trucking distance to several mills in the area including Harmony’s Jubilee
* The Penfold Project contains some of the most highly prospective and richly gold endowed shears in Australia.
* Dioro plan to spend between $1.5M and $2.0M in the next 12 months on exploration at the Penfold Project.
NI
* Dioro is acquiring from Harmony a large land holding in the Kalgoorlie-Kambalda District with exceptional Ni prospectivity – historically the tenure has been held exclusively by gold focused explorers.
* The project area covers extensions of 3 major ultramafic belts, all of which contain demonstable nickel sulphide production and/or exploration potential
* Dioro is planning to review the nickel potential as very little nickel exploration has been undertaken on the project in recent times.
Frogs Leg Deposit (Mungari East Project):
* The Frog’s Leg deposit contains a resource of 865,000 ounces
grading 5.9g/t gold (excludes open pit gold production of 130,000oz)
and is open at depth below 400m and along strike to the north and
south. The current drilling program underway has the potential to
add up to 500,000 ounces to this resource inventory.
* A Dioro Frog’s Leg underground pre-feasibility study was released
to the market in June 2006 confirming a robust underground resource.
The underground study produces 2.77 million tonnes grading 5.43
g/t Au over 7.5 years for an operating surplus of up to $158.5 million
at a A$800/oz gold price.
* The partners are set to announce a resource upgrade in June and while a bankable feasibility study is not due until next quarter, they have already started to assemble mining equipment and personnel ahead of a start to production in 2008.
Pokai Project - Gold - Dioro has a 90% interest in two prospecting licences located adjacent to the Mungari East project, 27km
west of Kalgoorlie
Lake Greta Joint Venture - Gold - Dioro has a 24.5% interest (Barrick 50%, MRA 25.5%) in two tenements located west of the Frog’s Leg
deposit and 3km south along strike from the million ounce Raleigh deposit (Barrick/Tribune/Rand).
Kunderong Project - Gold and Uranium - During 2005, Dioro pegged four exploration licences (Kunderong project) in the Ashburton region of Western Australia. The tenements have subsequently been granted and are considered prospective for both gold and uranium.
Ottrey Project - Gold and Copper - During 2005, Dioro signed a deal to earn a 80% interest by spending $650,000 over a three year period
on E39/592, located 30km S of the Sunrise gold mine and 220km NNE of Kalgoorlie in the southern portion of the Laverton tectonic zone.
-----
Disclosure - I bought in today for 10.5c
http://www.dioro.com.au/
VERY interesting articles:
4th June - http://www.dioro.com.au/files/report/002_The_West_Australian_4_June_2007.pdf
21st May - http://www.dioro.com.au/files/report/001_The_Age_21_May_2007.pdf
4th June - http://www.dioro.com.au/files/report/002_The_West_Australian_4_June_2007.pdf
21st May - http://www.dioro.com.au/files/report/001_The_Age_21_May_2007.pdf
aaronphetamine
E for Electro
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I've just started looking at this company, it kind of reminds me a bit of Anglo Australian Resources.. I dont know why lol
Mmmm im trying to decide when to jump into DIO.. whether it will go under 10 cents.. but seems like a pretty good buy with a good looking chart an MACD and RSI, and some good fundatmentals as well.
Mmmm im trying to decide when to jump into DIO.. whether it will go under 10 cents.. but seems like a pretty good buy with a good looking chart an MACD and RSI, and some good fundatmentals as well.
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Very strong buying since 4 June, with over 20million traded shares on a number of days: Price moved from 8 cents to peak at 11 cents in the period.
Likely more to this than meets he eye.
Last time similar strong volumes were experiencesd was in October 2004, after which DIO reached over 12 cents; since then spending some 3 years in the wilderness.
Likely more to this than meets he eye.
Last time similar strong volumes were experiencesd was in October 2004, after which DIO reached over 12 cents; since then spending some 3 years in the wilderness.
Every day it looks closer to breaking through 11c and stops just short of it. JORC resource is set to be released next week (well before end of june) so hopefully some good news pushes it past 11c! I topped up more today when it looked close to breaking 10.5 and going on a run.
aaronphetamine
E for Electro
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Good post DJones, I didnt know about the JORC announcement imminent, id say ill look to buy in on monday, and let some other people know about DIO for them to put on their radars, What are your thoughts on the JORC announcement ? A good one, and at that a really good one ? From all the volume recently and the already prominient rise in SP in the last weeks it seems that the senitment is that the JORC will be good..
Thoughts ?
This is what AAR is doing as well, rises in SP on no news and awaiting announcements, thats how i was straight away drawn to DIO.. wish id have known about it earlier.
Aaron.
Thoughts ?
This is what AAR is doing as well, rises in SP on no news and awaiting announcements, thats how i was straight away drawn to DIO.. wish id have known about it earlier.
Aaron.
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this one is gonna be fun
buying depth is getting a nice build up
i hope it will break out and end above the 0.115
all looks good
:
cheers
buying depth is getting a nice build up
i hope it will break out and end above the 0.115
all looks good
:cheers
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Just started looking at this today after hearing strong reviews from a few people.. Bought in today as I noticed there was strong volume and expect that an annoucement or report is forth coming.
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does anyone seeing what i m seeing ...
this one is ready to explode:blaah:
buy depth is building very strongly
this one is ready to explode:blaah:
buy depth is building very strongly
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Well this baby is starting to have a good run.....seems they are lining up this morning... glad I got in early.....Good projects maybe an ann coming soon
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yea just looking at it as well...
up to 0.175 that 's a big jump...
will it stay that way on the opening
i hope so
we will see in about 20 min i gues
anyway this is going very well
cheers
up to 0.175 that 's a big jump...
will it stay that way on the opening
i hope so
we will see in about 20 min i gues
anyway this is going very well
cheers
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