DIO - Dioro Exploration

On the ann today they talked about a possible Toronto SX listing. That couldn't hurt either could it?

The listing on the TSX would give much greater exposure to DIO..of course

The Canadians have a much more "developed" approach to mining ,and particularly mineral exploration than we have ,yet.

Trying to think now ...another small cap explorer has recently listed on TSX.

Any help with who?

It maybe IGD, IAMGOLD CORP.
I think they used to be gallery gold, it was an old fat prophets stock.
I think fats put a sell recommendation out after it announcement it was moving to the TSX.

Hi guys
Im new to shares and my first buy was DIO. It was from a tip off a friend. Sounds like its been a good buy, one to get me heading in the right direction.

I got in at 0.15 do you think that it will move very far from that?

They were also on the front page of the Kalgoorlie miner after the last release.
I would of thought they would have moved a bit more then they have!!

Welcome to the forums ,SimmoAus.

DIO are definitely an exciting explorer,but there are quite a few in that catagory.

Wondering if you noticed a bit of a "correction" in the market in the last couple of days? I think that might have something to do with DIO's lack of SP movement.Think they have done well to hold on to 0.14.

Quite a few others junior explorers have been mauled badly in the bun fight.Take a look at AZS and FNT!

Cheers

Thanks Boyou

I think its a good sign they held up well over the down fall.
Hopefully it doesn't continue after the weekend.

I have no intension of selling my DIO shares. There appear to be great things afoot with DIO. An industry respected gent with a considerable amount of gold mining experience has just joined the board.

There's the Brazilian miner CVRD in on the U action. There's the possible listing on the TSX and then there's the acquisition of the surrounding Harmony mining areas.

Production starts very soon using the newly acquired Harmony kit.

DYOR but I'm pretty happy.

I did sell my DIO shares however am surprised that the stock has not bounced back still round 10c. I will get back in on Monday, I dont think it will take much for them to again have some resistance around 14c..

Significant High Grade “Hits” between
Rocket and Mist Orebodies at Frog’s Leg

SOME OF THE BEST INTERSECTIONS:
10m @ 19.72g/t Au from 421m
5m @ 18.14g/t Au from 376m
10m @ 17.55g/t Au from 441m
12m @ 15.70g/t Au from 376m

Dioro Exploration NL (ASXIO, thereafter “Dioro” or the “Company”) is pleased to
announce significant results from the latest diamond drill holes completed at the advanced
Frog’s Leg project. As indicated above, many high grade zones have been intersected.
Moreover, the new drill results suggest mineralization may be continuous between the
Rocket and Mist ore bodies, thus potentially leading to mine development cost reductions
and a further resource upgrade.
As published on May 14, 2007, a single diamond hole was drilled between Rocket and Mist in
early 2007 and intersected 5m at 16g/t Au. Results of two of the three diamond holes drilled
to follow up this hole are now available. MEDD119, located 25m above the previously drilled
hole, intersected 10m at 19.72g/t Au from 421m and 10m at 17.55g/t Au from 441m.
Similarly, MEDD120, located 50m south of the previously drilled hole, intersected 12m at
15.7g/t Au from 435m and 6m at 11.47g/t Au from 451m.
Previous shallower drilling between the Mist and Rocket resource returned narrow zones of
low to moderate grade mineralization. The new drilling indicates that the two resources may
be linked at depth. This may result in a further resource upgrade and can potentially have a
positive impact on the mine development by reducing the cost of developing between the
two resources.
In addition, several other zones of high-grade mineralization have been intersected in the
Mist, Fog and Rocket ore bodies. Some of the best results, found in the Rocket orebody,
include an intersect of 1m at 12.05g/t Au from 199.8m and 5m at 18.14 g/t Au from 376m.
These results should translate into an increase in the indicated resource.

The current drilling program at Frog’s Leg was initiated in third quarter of 2006. With the
goal of improving the resource base prior to the finalization of a feasibility study for an
underground mine, the drilling program has resulted in a 150% increase in the Frog’s Leg
measured and indicated resource since May of 2006. During the first half of this year, the
focus was on converting the inferred resource at Mist and Fog to an indicated status.
Following the successful completion of this program, which translated into nearly doubling
the December 2006 stated measured and indicated resource, it was with much anticipation
that further drilling was done. In July, drilling has targeted the lower portions of the Rocket
resource, the area between Mist and Rocket, Gap, as well as the Mist and Fog ore bodies. A
full list of results from the drilled holes is shown in Appendix A.
NEXT STEPS
Additional diamond holes will be drilled to further delineate the extent of the mineralization
between the Mist and Rocket resources. The program will comprise of six holes for
approximately 3200m. The location of the planned holes is shown in Appendix C. The holes
have been designed to extend the high-grade mineralized zone intersected in the Gap area
and to extend to the boundary of the inferred resource. These holes are scheduled to be
completed by the fourth quarter of this year.
Although the recent obtained results won’t be included in the Feasibility Study, scheduled to
be released in October, they could represent an upside potential which may be included at a
later date. Production at the Frog’s Leg underground mine is still expected to commence in
the first semester of 2008.

sounds good to me. We should be seeing the feasability report out very soon. Might be a good time to stock up.

good movement today and highest volumes we have seen in a while... bad luck i am not holding any.. worse that i had a buy order in at 11c that didnt get filled... see what happens monday.. I really want to get back on it..

Anyone taking notice of Dioro these days? Sp up a massive 20%.

And volume over 32 mil. Can't see any announcements of note.Perhaps there is one coming very soon.

The last anouncement re Frogs Leg was a while back and didn't seem to stir the market much...What's Up Doc??

Cheers Ya'll

FP put a buy again last night.
I really think this one is a beauty. I've been holding for a while and slowly building up my holdings. moving up to being producers thru the Harmony Aq.
The Feasibility study will be out very soon, Tsx listing and the recent high grade hits at frogs leg (that won't be included in the FS).

Future looks bright!

Wasn't sure where to post this..and rather than start a new thread..here will do as Dioro gets a mention.

From Compareshares newsletter..looks like the rush is on!!


Aussie miners in mini stampede on TSX


AAP
30/09/2007 9:59am


The steady trickle of Australian mining companies listing on the Toronto Stock Exchange (TSX) has become a stream.

Liam Twigger, director of Prime Corporate Finance, a corporate advisory firm specialising in TSX listings, said Australian companies had been on the nose for Canadian investors in past decades due to some underperformers, but the sentiment had swung the other way in recent years.

The Canadian market is awash with capital and, crying out for new investment stories, has welcomed the new breed of Aussie juniors with open arms.

About 65 per cent of the world's mineral resource companies are listed on the TSX and about 40 per cent of the capital being offered is from the US, so it provides good exposure to the entire North American market for Australia's junior miners.

Papua New Guinea-focused Lihir Gold Ltd is the latest to commence trading on the TSX.

Mexico-focused Azure Minerals Ltd said it would apply to do the same.

Last month, Dioro Exploration NL announced its plans for a TSX listing and an associated $70 million capital raising.

Mr Twigger says Dioro "could well be bowled over in the rush" for shares.

Other firms securing a dual TSX-Australian Stock Exchange (ASX) listing in the past six months include Perth's Mirabela Nickel Ltd, Andean Resources Ltd and Centamin Egypt, which are focused on Brazil, Argentina and Egypt respectively.

Part of the appeal of getting Canadian investors on the share register is their lower level of risk aversion: they will not hesitate to back explorers active in emerging economies.

Anvil Mining, which produces copper in the Democratic Republic of the Congo, moved its primary listing from the ASX to the TSX last year.

Moto Goldmines went a step further, dropping its ASX listing late last year after listing on the TSX and London's Alternative Investment Market.

"Gold producer OceanaGold Corporation (which is listed on the TSX, ASX and New Zealand stock exchange) recently redomiciled itself, which is a slap in the face for the ASX," Mr Twigger said.

He said Anvil and Zambia-focused Equinox Minerals Ltd were some of the best performing Aussies on the TSX.

Equinox is one of the largest daily-traded stocks.

Perth's Moly Mines Ltd was the fifth Australian company to list on the TSX in 2006 - no doubt acutely aware that molybdenum is a familiar metal to sophisticated Canadian investors.

Mr Twigger said Moly's timing had been perfect.

He cautioned those seeking a TSX listing to bear in mind that a market capitalisation of about $100 million was necessary as the listing process cost about $1 million, compared to half as much in Australia.

"They also need a good reason to list on the TSX like funding a feasibility study, not just for working capital."

It's also important for these companies to have a physical presence in Canada in some form and for senior executives to travel to Toronto at least once each quarter, Mr Twigger said.

Perth-headquartered nickel producer Western Areas NL dual listed on the TSX in late 2005.

This month it increased its investment in TSX-listed Mustang Minerals, which explores for nickel and precious metals in Ontario and Manitoba, to 19.2 per cent.

Toronto-based Australian Trade Commission senior business development manager Greg Coelho was recently in Sydney, spreading the message that Canada's energy and infrastructure sectors offered enormous opportunities to Australian companies.

"... particularly in investment and activities in the engineering, procurement and construction work in terms of the provision of high-end or specialised technical expertise ... engineering consultants, facilities maintenance and so forth,' Mr Coelho said.

"Also, Australian companies are providing software and specialised IT services to Canada's mining sector."

Mr Coelho said Rio Tinto's $US38.1 billion ($43 billion) takeover of Canadian aluminium producer Alcan highlighted that Canada was increasingly on the radar of Australia's business community.

That was also illustrated this month when South Australia's Minotaur Exploration Ltd announced its first overseas expansion into the Canadian east coast province of Nova Scotia.

Perth's Elkedra Diamonds NL, which produces gems in Brazil, announced on Friday that shareholders will vote in late October on a merger with Canada's Vaaldiam Resources Ltd.

So while Aussies are steadily doing more business in Canada, it is equally apparent that our shores increasingly hold interest to the Canucks, with uranium appearing to be the greatest attraction.

Canadians have extensive experience with uranium mining and Australia's reserves are the largest, being 24 per cent of the total, according to the World Nuclear Association.

The world's largest uranium producer, Saskatchewan-headquartered Cameco Corporation, holds more than two million hectares of uranium prospective land in Australia compared with 1.59 million hectares in its homeland.

Another notable Canadian miner increasingly active in Australia is Mega Uranium Ltd, spending about 65 per cent of its fiscal 2007 budget in Australia.

Mega has acquired two Australian companies, Hindmarsh Resources Ltd and Redport Ltd, as well as uranium interests in Queensland from Australian company Glengarry Resources Ltd.

Mr Coelho surmised that Canada and Australia had a natural affinity. This was a sentiment put forth also by Canada's prime minister Stephen Harper on his recent visit to Sydney for the APEC Summit.

Both had enjoyed strong growth in recent years, and both faced unprecedented competition from emerging economic giants China and India, Mr Harper said.

So far, however, these two economies have offered great opportunity for both Canada and Australia, with their immense demand for commodities fuelling the strength of Canada's and Australia's resources sectors.

And we're likely to have even more in common, with an overwhelming number of local resources companies calling for the adoption of a flow-through shares scheme, a highly successful Canadian tax benefit program designed to encourage resource exploration.

At a recent uranium conference in Perth, Labor senator Chris Evans said the introduction of a capped flow through shares scheme was likely to become an election issue.

What are people's thoughts on the 1:14 consolidation?
Is it a good thing? I've seen a few cases where the share price has dropped big time after consolidation, but those didn't have as bright a future as DIO seems to have.
Cheers

DIO breaking out this morning already couple of million shares traded and 17.5 c

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adobee said:

DIO breaking out this morning already couple of million shares traded and 17.5 c

..........................................

Click to expand...

Looking good, but not 'broken out' yet. Needs to finish eod at or above .175 for in initial break to alh and then confirm with follow up tomorrow. Been a great stock the past 6 months, if not a tad volatile. I followed this very closely for a couple of years before losing patience.

Closed at 17c with about 28million shares traded.. Strange jump in activity on this one perhaps good news ahead..

adobee said:

Closed at 17c with about 28million shares traded.. Strange jump in activity on this one perhaps good news ahead..

Click to expand...

I think you will find that this was recommended as a buy in this months Fat Prophets report...hence the flurry in activity today.

ahh... I see , I dont get the Fat Prophets report however I am happy for them to push it along (not really as I am not holding any)..
What are they saying ?

Definite break out now..... 18.5c........
still large volumes..
mmmmmmmmmmmmmmmmmm
still dont own any...