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DMA - Dynasty Resources

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Re: DMA - Dynasty Metals

Malcolm Carson B.Sc Geol. (Econs), M.Sc. (Resource Management)
Mr Carson has over 35 years experience in all aspects of the resources sector
ranging from field exploration geologist to investment banking (project finance,
royalty finance, corporate finance and treasury), state public service, mining
equipment manufacture and hire, asset acquisition, corporate restructuring and
business development. He has worked principally with gold, copper, coal and
iron ore resource projects.
Mr Carson is currently the Chief Geologist, Exploration and Project Manager of
Cudeco Limited (ASX Code: CDU) – responsible for the project management,
resource definition and development of Cudeco’s Rocklands Copper Project.
Cudeco is one of Australia’s most successful exploration companies.
 
Re: DMA - Dynasty Metals

If the Cudeco person invovles into the company, the share price could be anything.

Lets see the voting result on 29/10/2007
 
Re: DMA - Dynasty Metals

ttnt said:
If the Cudeco person invovles into the company, the share price could be anything.
Click to expand...
Yes, because they'll end up claiming they have the largest copper deposit on the planet when in fact they have zip! LOL. This is no recommendation ttnt.

Perhaps you could expand on your assessment a little more to conclude why this man's influence will automatically make the share price 'anything'.

Cheers! kennas
 
Re: DMA - Dynasty Metals

Hi

Yes, because they'll end up claiming they have the largest copper deposit on the planet ...
Click to expand...


I hope so!







Share price at 19c is
I remember when this was in the the 30s not too long ago!
 
Re: DMA - Dynasty Metals

As a share holder of DMA my personal feelings is that Rita Brookes only looks after herself, she shelved a Uranium deal in Greenland which GGG took on,
and has tried to transfer DMA temenents to United Uranium, the sooner Rita Brookes and her hanger on's are booted out the company, the company will prosper.
 
Re: DMA - Dynasty Metals


I agree,

I didn't know she shelved the Uranium deal in Greenland though, thats a farking joke!!!!!

I was well concerned about her attempts to hand over U licences to her company,

I was also shocked at the selling of the Nickel grounds to Posiedon for Zip fark all!

And what has me most stumped was the complete lack of exploration of the Iron Ore grounds they hold next to AQA/RHI/CUL, I mean those guys have frimed up 250Mt's next door, at least drill a few farking holes to see if there's anything there idiots!

Finally was very annoyed to see McSweeney leave, he had a good following to him and share price weakness is no doubt his followers getting out,

Kenna I think you'll find what ttnt is getting at is there may be a "back the man" type policy with this CDU chap, I don't know how influential he is so I can't comment

To sum up: OFF WITH THEIR HEADS!
 
Re: DMA - Dynasty Metals

Well, I used to be a CDU shareholder and experienced the July crisis on 2006,
and please note that Mr Carson is current Chief Geologist of Cudeco. There must be some story behind those actions.
 
Re: DMA - Dynasty Metals

according to the chart, DMA must has some big player getin and the share price would breakout soon.

Let the time to tell
 
Re: DMA - Dynasty Metals

Fe jnr about to commence first drilling

DMA
shares 63,941,312
options 27,057,029 ($8.600M if exercised, nil itm)
total 90,998,341
sp .18
MC $16.379M

cash at end of 4th qtr $2.958M
july placement of 8,300,000 shares @ .10 $830K
total cash $3.788M
(est cash outflow this qtr $750K)

EV $12.591M
​

projects

Warramboo (100%, Fe) E08/1620

Tenement surrounded by FMG, Mineralogy and Red Hill Iron tenements, 2 CID targets have been identified, at the Snakewood Bore prospect (greater than 3 sq km) and the Eastern Valley prospect (8 sq km, 6 km strike length) from a May ground radiometric survey and rock chip sampling [up to 56.50% Fe, 5.52% SiO2, 2.91% Al2O3, 0.045% P, 10.98% loi]

Drilling program - specific targets in the Snakewood Prospect and reconnaissance drilling in the Eastern Valley Prospect in Aug/Sep, subject to govt approvals

Prairie Downs (100%, Fe, Cu) E52/1927, E52/1938, E52/1949, E52/2024 (Bulloo copper prospect), E52/2025, E52/2099 (E52/2359, E52/2367 applied for)

Tenements totalling approx 2,329 sq km surrounded by Rio Tinto, FMG and Warwick Resources tenements, 3 targets have been identified, at the Marra Mamba prospect (outcropping hematite) 1.5 sq km, and Marra Mamba South prospect (magnetic anomaly) 12 sq km 12 km strike length [rock chip samples up to 64.99% Fe, 2.58% SiO2, 0.72% Al2O3, 0.048% P, 3.02% loi], Spearhole West Channel iron prospect (CID) 5.4 sq km [rock chip samples up to 60.98% Fe, 3.36% SiO2, 0.87% Al2O3, 0.009% P, 6.82% loi], and the Northern Channel iron prospect (CID) [rock chip samples up to 58.84% Fe, 4.54% SiO2, 5.00% Al2O3, 0.027% P, 4.55% loi]

Announced in July that the share placement/farm-in with the chinese Hennin Rebecca Group (revised farm-in offer for prairie Fe project) has been rejected as not in the best interests of shareholders (27,777,778 shares @ .18 to raise 5mil)

Several chinese groups, which include substantial steel manufacturers have expressed strong interest in the projects and remain in contact with the company

Drilling program - phase 1 97 holes, phase 2 71 holes, 8,000-10,000m targetting prospects above, in Aug/Sep, subject to govt approvals [all the above 3 targets are contained within E52/1927 only]

Other tenements

Due to its focus on Fe, Dynasty is in discussions with various parties on potential joint ventures on coal, gold and uranium tenements, including at Stanley Nabberu (WA)

Tiaro coal jv (15%, QLD) EPC956 and EPC957

516 sq km in the Maryborough Basin, controlled by the Joint Venture and managed by Tiaro Energy Corporation Pty Ltd - Shady Camp, T9, Munna Creek and Mungar prospect areas, drilling program undertaken in Jun qtr, coal was intersected in all holes drilled, thickness and quality of the coal bands quite variable

DYOR

cheers

another quality post brought to you by happytown inc
no artificial preservatives ... and now 15% bigger
 
Re: DMA - Dynasty Metals

drilling has recently commenced on dma's warramboo (3,000m program) and then onto prairie downs (5,000m program) tenements [ann 26/08/09]

dma has also increased its prairie downs tenements from 2,329 sq km to 3,589 sq km (some still in application stage) - viewing wrk's and dma's tenements is like putting together the proverbial pilbarra jigsaw puzzle (see dma ann 19/08/09 p4 and wrk ann 07/07/09 p2 and cf) - potential for possible jv partnerships

2 of the prairie downs targets are marra mamba formations (1.5 sq km amd 12 sq km - with a 12 km strike length) - wrk is currently drilling a 3 km x 2-300m marra mamba outcrop approx 20 km NE of dma's marra mamba targets - recent drill results incl 26m @ 59.1% Fe from 4m, 20m @ 59.2% Fe from 16m, 26m @ 57.8% Fe from 22m, 20m @ 57.3% Fe from 24m [2008 drill results incl 36m @ 60.8% Fe from 22m, 22m @ 60.0% Fe from 11m, 28m @ 58.3% Fe from 17m, 32m @ 58.1% Fe from 14m], with more results expected shortly [ann 31/08/09] (wrk expl target is 13-21Mt @ 56-59% Fe)

both dma and wrk tenements are in close proximity to bhp's whaleback and jimblebar Fe mines

results from dma's drilling (started at warramboo, not expected to begin at prairie downs for another 2 weeks) are expected toward late sep

dma is currently in discussions with potential investors and evaluating farm-in opportunities and jv opportunities (wrk would seem a logical fit, albeit they are both jnr explorers) [ann 19/08/09]

cheers

another quality post brought to you by happytown inc
always looking to promote the monthly stock pick but DYOR
 
Re: DMA - Dynasty Metals


atlas ann this morning of wrk-ago merger reduces any likelihood of dma-wrk merger, however bearing in mind the tenement tango as between wrk and dma, ago may take a look at dma in the future

short-term, the results from the current drilling program (dma's first) should start to be reported later this month

cheers

another quality post brought to you by happytown inc
 
Re: DMA - Dynasty Metals

started taking a look at this today.. DMA very clear to advise that any drill results will be announced to public as they come up..
 
Re: DMA - Dynasty Metals

the most interesting results should come from the prairie downs drilling (the 2 marra mamba formation targets), which should be ann'd Oct

initial results should cover the warramboo (not to be confused with ird's warramboo) drilling which should finish any day now

cheers

another quality post brought to you by happytown inc
 
Re: DMA - Dynasty Metals

So the drilling has started, the share price is very stable recently. The drilling results might be interesting.
 
Re: DMA - Dynasty Metals

Reverse circulation drilling intersected large thicknesses of Marra Mamba iron formation 100 meters
and three Detrital/Channel Iron deposits, with one channel extending over 1.6km in width.

very impressive results
 
Re: DMA - Dynasty Metals

Early drilling results are so encouraging that DMA got carried away and drilled more than 300 holes instead of the planned 100 odd holes. Must have found something very interesting. DMA claimed to have found an elephant!!! Early estimates of 1 billion tonnes.

Now comes the long wait for the drilling results. So far only the results of 10 or 12 holes have been released. I have no idea how loing we have to wait to see the results of the other 290 holes?

So we hold our breath and wait. In the meantime the sp is holding very steady. Might be onto a winner here but the almost complete lack of information is very nerve wrecking and there is not much info to yield any worthwhile research.
 
Re: DMA - Dynasty Metals

My take a look into this.. How do you mean the share price is holding steady it seems to have flown up to 36c and be dropping backwards now at 18c..
where do you see it being steady ?
 
Re: DMA - Dynasty Metals

Something is going on, the sp has been going up the last few days on increased volumne. I think maybe an increase in resourse announcement soon.
 
Re: DMA - Dynasty Metals

ttnt said:
Reverse circulation drilling intersected large thicknesses of Marra Mamba iron formation 100 meters
and three Detrital/Channel Iron deposits, with one channel extending over 1.6km in width.

very impressive results
Click to expand...

Read today's announcement.....very pleasing. If further testing proves the indicated deposit (400 million tonnes) is economical to mine and the deposit is proven, this thing will FLY !!!

Potentially this can be a billion tonne resource. Caution...the billion tonne is only the Directors speculative guess at this VERY early stage.

As indicated in the announcement DMA is speeding up testing bulk samples and drilling to proof the resource. Further, the Chinese are "looking" at a DMA farm-in.


DYOR
 
Re: DMA - Dynasty Metals



Hello Vincent191,

I did a bit of DYOR and found this stock interesting but imho this stock still has a long way to go !!!!! I will out line the reasons below :

1) In the 2010 1st Qtr phase 1 of their operations state that they will do more drilling of the detrital deposits and do detailed benefication (ben) test work .

2) Phase 2 of the March Qtr will look at a pre-feasibilty study (pfs) and obtain a jorc compliant measured resource and look at doing a mine plan.

3) Phase 3 (giving only a loose time line) 2010/2011 do a completion of the (pfs) and undertake a bankable feasibility study (bfs)



Summary

Still have to confirm if costs viable after (ben) for direct shipping ore (dso), have to get jorc compliance, still to do (pfs) and then (bfs) all with $2.5m and only an allocation for phase 1+2 of $500k for this qtr.(as per APP 5B)
Options approx 21m ex @ .35c about to expire 28th feb 2010 so unless chinese come on board or cap rasing in the wings (both of which could dilute shares imo) its one i will be watching from the side lines for now! just my
 
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