E25 - Element 25

[YOUNG_TRADER]

Hi guys, very late 11th hour for this, but I just got refered to a cracker of an IPO

Montezuma Mining, its 2 points of difference are its management (some of the best geologists in the business) and the projects they've pegged.
See below for extracts from IPO

Shares = 14m vendor + seed 22.5m IPO = 36m


Directors

• The company is managed by a highly experienced board, with a proven track record of discovery success, including two
AMEC Prospectors of The Year Award recipients in Denis O’Meara (Chairman) and Terry Grammer (Director).


Denis O’Meara – Chairman
Denis O’Meara is a Prospector and founder of De Grey Mining
Ltd. Denis has a lifelong involvement in mining, prospecting
and exploration. He has been involved in several major
resource and exploratory discoveries in Western Australia
including Miralga Creek, Sulphur Springs, Gorge Range,
Indee (Wingina and Orchard Tank Well) (Pilbara) Horans Dam
(Kalgoorlie), Triangle Bore (Mt Magnet) and Weld Range
(Murchison). His activities have supported several corporate
fund raisings/listings since 1969. His prospecting has also led
to joint ventures with 17 companies. Denis is the discoverer
of the Beyondie Bluff gold and base metal anomalies and
originally sampled for gold at the Indee Turner River Gold Belt
in 1987. He was awarded AMEC Prospector of the Year in 2004,
jointly with Geoff Blackburn.
Denis has served as an Executive Councillor of AMEC, a board
member of AGIC (Australian Gold Industry Council) for its
10-year duration and board member of the Port Hedland
Port Authority from 1972 to 1985. He also received a National
Outstanding Achievement Award - Greening Australia,
1991 and served as a board member of the Kings Park and
Botanical Gardens, Perth, 1994 - 1996.


Justin Brown – Managing Director
Justin Brown is a geologist with extensive experience in
minerals exploration in Australia and New Zealand. He has
a strong technical background with experience in the full
spectrum of mineral exploration and mining from grass roots
target generation through to resource mining and mine
production.
Justin’s successful career in the mining industry culminated
in a position managing exploration for a large multinational
company in the Leonora, Edjudina and Marvel Loch regions of
Western Australia.
Since leaving mineral exploration to pursue other business
interests, Justin has founded and operated a successful
internet services consultancy, developing and enhancing his
management expertise which he now brings to the Company.

Terry Grammer – Non-Executive DirectorMr Grammer is a geologist with over 30 years experience in
mining and mineral exploration with extensive experience in
Australia, Southern Africa, East Asia & New Zealand and has
operated in Western Australia since 1988. He has extensive
experience in exploring for gold and base metals.
Mr Grammer was awarded The Association of Mining and
Exploration Companies (AMEC) Prospector of the Year Award
(jointly with Mr Anthony Rovira) in 2000 for the Discovery of
Jubilee Mines NL’s Cosmos Nickel Deposit. The initial Cosmos
discovery defi ned a resource of approximately 400,000t @
8.2% Ni. The project has grown signifi cantly since then.
He was also a founder and promoter in 1999 of the successful
nickel explorer Western Areas NL where he was the
Exploration Manager from 2000 until retiring in 2004.
Mr Grammer became a Non-Executive Director of Hannans
Reward Ltd and, after assisting a $3.4m refunding of Hannans,
became an Executive Director in January 2006.

Ian (Inky) Cornelius - Non-Executive Director
Mr Cornelius has had over 40 years experience in the minerals
and petroleum industry. He spent the fi rst nine years of his
career with the Western Australian Department of Mines
before leaving to manage his own tenement consulting
business. Since 1976 he has held senior executive positions
in a number of public exploration and mining companies. In
this capacity he has had extensive experience and success
in the selection, management and development of deposits
of many commodities. Inky is a non-executive director of
Pancontinental Oil and Gas NL, New World Alloys Ltd, and
Alkane Exploration Ltd.

John Ribbons – Company Secretary
Mr Ribbons is an accountant who has worked within the
resources industry for over thirteen years in the capacity of
group accountant, fi nancial controller or assistant company
secretary.
Mr Ribbons has extensive knowledge and experience with
ASX listed production and exploration companies. He has
considerable site based experience with operating mines and
has also been involved with the listing of several exploration
companies on ASX. Mr Ribbons has experience in capital
raising, ASX compliance and regulatory requirements.






Projects

• The Talga Project in the East Pilbara region covers over 5km of prospective ground along strike from and between the
Talga Mining Centre and recent fi rst pass drilling by another explorer which returned intersections of up to 7m @ 3.78
g/t gold. Rock chip sampling by historic workers returned assays of up to 3.4% Zn, 2.7% Cu, and 0.149% Pb. Recent
reconnaissance sampling by Montezuma has returned rock chip sample assays up to 1.02 g/t Au.

• The Pilgangoora Project is located adjacent to and along strike from the Lynas Find Deposit, the largest known Archean gold
producing location in the Pilbara. The tenement also contains an untested ultramafi c sequence with potential for nickel
sulphide mineralisation. Sampling of gossans to the south by previous workers returned values of up to 1.2% nickel.

• The Weebo Project north of Leonora in the Yilgarn Province contains an untested geochemical anomaly with a regionally
signifi cant peak value of 90ppb gold. The anomaly is approximately 500m in strike, open in both directions. It lies along
strike from the Wonder North/Celtic deposits with a combined premining resource of 282,000 oz Au, and just 10km from
the 2.2 million ounce Thunderbox Deposit.

• The Callawa Project in the East Pilbara covers 284 km² of granitic rocks untested for porphyry style mineralisation. Surface
sampling by previous workers returned assay values of up to 19% copper in altered granite, with associated elevated gold
values. This occurrence is untested by follow up work.

• The Panorama Project is a small, strategic holding adjacent to and along strike from the Sulphur Springs Deposit, comprising
resources of 3.1 Million Tonnes @ 3.5% copper and 0.9% zinc, and 3.3 Million Tonnes @ 0.6% copper and 10% zinc.
• The Western Shaw, Copper Hills South, and Barite Range Projects provide holdings in prospective geological and structural
environments with potential to generate gold and base metals targets with cost eff ective, proactive regional exploration.
• Strong management, quality targets with multi-commodity potential, a proactive exploration philosophy and a tight
capital structure give potential for capital growth.
• An investment in the company should be considered as speculative and potential investors should refer to Section 5 for further
details concerning Risk Factors. Details of the exploration plans formulated by the Company are reflected in Section 3 and the
Independent Consulting Geologist’s Report contained in Section 4 of this Prospectus.

 

[Beethoven]

hi YT,

i was wondering if you had already subscribed to this because the last date for subscription to public offers is no later than 20th october which is today. . So even if you mailed it yesterday or today they will not get it till monday . So i am wondering is it too late to subscribe to this IPO??

 

[YOUNG_TRADER]

If I don't get IPO I'm buying day 1 because this Terry Grammar chap seems to know his stuff, looks like his other latest company HNR has found a nickel find of some sort share price up over 400% for this year and 100% in the last 2 weeks

Given current nickle price and outlook, any company headed up by the chap who made Western Areas and Jubille what they are is a dman good company IMO,

What do you think of the board and their achievements?

Also that project with a 19% copper surface grade looks bloody good!

 

[dingos]

wouldnt get too excited about 19% copper surface, likeley just high graded surface junk, chrysocola or something would have very little to do with subsurface,

 

[greggy]

Are you aware that South Boulder Mines (STB) will be getting 3 MILLION shares together with some options for placing its Pilbara interests into Montezuma. After finding this info out, I've since bought some STB.
IGO is currently drilling for nickel in Duketon, WA (near where the Falcon-BHP nickel discovery is), on STB's ground in order to earn a 70% interest. STB also has a uranium interest in WA and gold resources totalling around 385,000 oz. It has around $1.5 mill in cash. On top of this it has liquid assets (shares in other listed companies) that will be worth well over $1 mill by year's end.
With only around 40 mill shares on issue (market cap is around $9 mill )and a recent favourable article in the Speculator's column in The Bulletin (Oct 06), this stock has recenly gained momentum.
As always, do your own research before buying/selling.

 

[YOUNG_TRADER]

Are you aware that South Boulder Mines (STB) will be getting 3 MILLION shares together with some options for placing its Pilbara interests into Montezuma. After finding this info out, I've since bought some STB.
IGO is currently drilling for nickel in Duketon, WA (near where the Falcon-BHP nickel discovery is), on STB's ground in order to earn a 70% interest. STB also has a uranium interest in WA and gold resources totalling around 385,000 oz. It has around $1.5 mill in cash. On top of this it has liquid assets (shares in other listed companies) that will be worth well over $1 mill by year's end.
With only around 40 mill shares on issue (market cap is around $9 mill )and a recent favourable article in the Speculator's column in The Bulletin (Oct 06), this stock has recenly gained momentum.
As always, do your own research before buying/selling.

STB is a good little company, I looked at it after reading speculator article, but there's one thing it lacks, Terry Grammer, I went for the IPO, the 1:4 opies were too good to pass up, even if stock lists at 20c, no one will sell opies for less than 5c (going from experience) and this is a speccie that I wanted some funds in, nothing huge just,

Cheers

 

[greggy]

STB is a good little company, I looked at it after reading speculator article, but there's one thing it lacks, Terry Grammer, I went for the IPO, the 1:4 opies were too good to pass up, even if stock lists at 20c, no one will sell opies for less than 5c (going from experience) and this is a speccie that I wanted some funds in, nothing huge just,

Cheers

Terry Grammer is great. I've recently sold my HNR for a good price and was a believer in the stock when things were quiet. I think Montezuma has a good future, but I feel that STB is also worth a look especially with the drilling for nickel taking place at the moment. I'll buy some Montezuma when they list. As always, do your own research before buying/selling.

 

[greggy]

STB is a good little company, I looked at it after reading speculator article, but there's one thing it lacks, Terry Grammer, I went for the IPO, the 1:4 opies were too good to pass up, even if stock lists at 20c, no one will sell opies for less than 5c (going from experience) and this is a speccie that I wanted some funds in, nothing huge just,

Cheers

Good morning All,

Does anyone know whether this float has been oversubscribed, closed, etc?
Thanks.

 

[greggy]

As advised in STB's quarterly report released today, the MZM float closed on 20 Oct 06 raising $3.6 million. STB will hold over 9% of the company's shares.

 

[YOUNG_TRADER]

Lists Thursday at 1pm,

About time!

Should be a good float as its tightly held, has some good projects and excellent management

 

[greggy]

Lists Thursday at 1pm,

About time!

Should be a good float as its tightly held, has some good projects and excellent management

It will be interesting to see how the stock goes on its first day. I will probably go for the options.
As always, do your own research before buy/selling.

 

[YOUNG_TRADER]

So will I Greggy, but then I've already got 12,500 for free :

 

[YOUNG_TRADER]

Dumped my 50k at 20c on open sighhhhhhhh piss poor float timing,

At least I got 12,500 free opies

 

[greggy]

Hi guys, very late 11th hour for this, but I just got refered to a cracker of an IPO

Montezuma Mining, its 2 points of difference are its management (some of the best geologists in the business) and the projects they've pegged.
See below for extracts from IPO

Shares = 14m vendor + seed 22.5m IPO = 36m


Directors

• The company is managed by a highly experienced board, with a proven track record of discovery success, including two
AMEC Prospectors of The Year Award recipients in Denis O’Meara (Chairman) and Terry Grammer (Director).


Denis O’Meara – Chairman
Denis O’Meara is a Prospector and founder of De Grey Mining
Ltd. Denis has a lifelong involvement in mining, prospecting
and exploration. He has been involved in several major
resource and exploratory discoveries in Western Australia
including Miralga Creek, Sulphur Springs, Gorge Range,
Indee (Wingina and Orchard Tank Well) (Pilbara) Horans Dam
(Kalgoorlie), Triangle Bore (Mt Magnet) and Weld Range
(Murchison). His activities have supported several corporate
fund raisings/listings since 1969. His prospecting has also led
to joint ventures with 17 companies. Denis is the discoverer
of the Beyondie Bluff gold and base metal anomalies and
originally sampled for gold at the Indee Turner River Gold Belt
in 1987. He was awarded AMEC Prospector of the Year in 2004,
jointly with Geoff Blackburn.
Denis has served as an Executive Councillor of AMEC, a board
member of AGIC (Australian Gold Industry Council) for its
10-year duration and board member of the Port Hedland
Port Authority from 1972 to 1985. He also received a National
Outstanding Achievement Award - Greening Australia,
1991 and served as a board member of the Kings Park and
Botanical Gardens, Perth, 1994 - 1996.


Justin Brown – Managing Director
Justin Brown is a geologist with extensive experience in
minerals exploration in Australia and New Zealand. He has
a strong technical background with experience in the full
spectrum of mineral exploration and mining from grass roots
target generation through to resource mining and mine
production.
Justin’s successful career in the mining industry culminated
in a position managing exploration for a large multinational
company in the Leonora, Edjudina and Marvel Loch regions of
Western Australia.
Since leaving mineral exploration to pursue other business
interests, Justin has founded and operated a successful
internet services consultancy, developing and enhancing his
management expertise which he now brings to the Company.

Terry Grammer – Non-Executive DirectorMr Grammer is a geologist with over 30 years experience in
mining and mineral exploration with extensive experience in
Australia, Southern Africa, East Asia & New Zealand and has
operated in Western Australia since 1988. He has extensive
experience in exploring for gold and base metals.
Mr Grammer was awarded The Association of Mining and
Exploration Companies (AMEC) Prospector of the Year Award
(jointly with Mr Anthony Rovira) in 2000 for the Discovery of
Jubilee Mines NL’s Cosmos Nickel Deposit. The initial Cosmos
discovery defi ned a resource of approximately 400,000t @
8.2% Ni. The project has grown signifi cantly since then.
He was also a founder and promoter in 1999 of the successful
nickel explorer Western Areas NL where he was the
Exploration Manager from 2000 until retiring in 2004.
Mr Grammer became a Non-Executive Director of Hannans
Reward Ltd and, after assisting a $3.4m refunding of Hannans,
became an Executive Director in January 2006.

Ian (Inky) Cornelius - Non-Executive Director
Mr Cornelius has had over 40 years experience in the minerals
and petroleum industry. He spent the fi rst nine years of his
career with the Western Australian Department of Mines
before leaving to manage his own tenement consulting
business. Since 1976 he has held senior executive positions
in a number of public exploration and mining companies. In
this capacity he has had extensive experience and success
in the selection, management and development of deposits
of many commodities. Inky is a non-executive director of
Pancontinental Oil and Gas NL, New World Alloys Ltd, and
Alkane Exploration Ltd.

John Ribbons – Company Secretary
Mr Ribbons is an accountant who has worked within the
resources industry for over thirteen years in the capacity of
group accountant, fi nancial controller or assistant company
secretary.
Mr Ribbons has extensive knowledge and experience with
ASX listed production and exploration companies. He has
considerable site based experience with operating mines and
has also been involved with the listing of several exploration
companies on ASX. Mr Ribbons has experience in capital
raising, ASX compliance and regulatory requirements.






Projects

• The Talga Project in the East Pilbara region covers over 5km of prospective ground along strike from and between the
Talga Mining Centre and recent fi rst pass drilling by another explorer which returned intersections of up to 7m @ 3.78
g/t gold. Rock chip sampling by historic workers returned assays of up to 3.4% Zn, 2.7% Cu, and 0.149% Pb. Recent
reconnaissance sampling by Montezuma has returned rock chip sample assays up to 1.02 g/t Au.

• The Pilgangoora Project is located adjacent to and along strike from the Lynas Find Deposit, the largest known Archean gold
producing location in the Pilbara. The tenement also contains an untested ultramafi c sequence with potential for nickel
sulphide mineralisation. Sampling of gossans to the south by previous workers returned values of up to 1.2% nickel.

• The Weebo Project north of Leonora in the Yilgarn Province contains an untested geochemical anomaly with a regionally
signifi cant peak value of 90ppb gold. The anomaly is approximately 500m in strike, open in both directions. It lies along
strike from the Wonder North/Celtic deposits with a combined premining resource of 282,000 oz Au, and just 10km from
the 2.2 million ounce Thunderbox Deposit.

• The Callawa Project in the East Pilbara covers 284 km² of granitic rocks untested for porphyry style mineralisation. Surface
sampling by previous workers returned assay values of up to 19% copper in altered granite, with associated elevated gold
values. This occurrence is untested by follow up work.

• The Panorama Project is a small, strategic holding adjacent to and along strike from the Sulphur Springs Deposit, comprising
resources of 3.1 Million Tonnes @ 3.5% copper and 0.9% zinc, and 3.3 Million Tonnes @ 0.6% copper and 10% zinc.
• The Western Shaw, Copper Hills South, and Barite Range Projects provide holdings in prospective geological and structural
environments with potential to generate gold and base metals targets with cost eff ective, proactive regional exploration.
• Strong management, quality targets with multi-commodity potential, a proactive exploration philosophy and a tight
capital structure give potential for capital growth.
• An investment in the company should be considered as speculative and potential investors should refer to Section 5 for further
details concerning Risk Factors. Details of the exploration plans formulated by the Company are reflected in Section 3 and the
Independent Consulting Geologist’s Report contained in Section 4 of this Prospectus.

I'm surprised that MZM is now below its recent float price after raising $3.6 million. Young Trader first alerted me to it. I haven't bought any shares just yet, but it seems to have good directors in Dennis O'Meara, Terry Grammer, Ian Cornelius and Justin Brown. Apparently, MZM will initially focus on the Weebo gold project North of Leonora, WA, according to a Company Update of 21 Nov 06 released to the ASX.
Any other thoughts out there?

 

[YOUNG_TRADER]

I'm surpirsed too Greggy,

I would have thought that they'd be testing that 19% Copper Surface sample, especially given mkts reaction to Ord

"• The Callawa Project in the East Pilbara covers 284 km² of granitic rocks untested for porphyry style mineralisation. Surface
sampling by previous workers returned assay values of up to 19% copper in altered granite, with associated elevated gold
values. This occurrence is untested by follow up work."



I'm glad I sold out of IPO shares at 20c and got to keep free opies,

 

[greggy]

I'm surpirsed too Greggy,

I would have thought that they'd be testing that 19% Copper Surface sample, especially given mkts reaction to Ord

"• The Callawa Project in the East Pilbara covers 284 km² of granitic rocks untested for porphyry style mineralisation. Surface
sampling by previous workers returned assay values of up to 19% copper in altered granite, with associated elevated gold
values. This occurrence is untested by follow up work."



I'm glad I sold out of IPO shares at 20c and got to keep free opies,

Hi Young Trader,

Thanks for your response. Maybe the reason why they're testing Weebo first is because of the rising gold price and its not too far away from where NAV are in Leonora. I've followed NAV for a while and its been trading around the 40c mark of late. MZM,s directors are all very experienced and I think that this is a company to put on the watch list.

 

[greggy]

Hi Young Trader,

Thanks for your response. Maybe the reason why they're testing Weebo first is because of the rising gold price and its not too far away from where NAV are in Leonora. I've followed NAV for a while and its been trading around the 40c mark of late. MZM,s directors are all very experienced and I think that this is a company to put on the watch list.

There seems to be a lack of interest in the MZM forum. With good management, plenty of cash having recently raised $3.6 million and interesting prospects, I have just recently some MZM options (exp. Aug 2011) with my proceeds from selling HCY. With nearly five years to go, I feel that this is an interesting situation. The Weebo Prospect will be the initial focus and its just 10 kms away from the 2.2 million Thunderbox gold deposit. I often feel that when investing in specs (I've done so for 27 years), you are halfway to a potential winner when you have good management, very experienced geologists who know the areas well and plenty of cash (no debt). Indeed, I feel that MZM have interesting areas as highlighted above. I know that I'm buying into this one early, but I don't want to miss this potential opportunity.
But as always, DYOR.
Any other opinions?
Thanks,
Greggy

 

[greggy]

I'm surpirsed too Greggy,

I would have thought that they'd be testing that 19% Copper Surface sample, especially given mkts reaction to Ord

"• The Callawa Project in the East Pilbara covers 284 km² of granitic rocks untested for porphyry style mineralisation. Surface
sampling by previous workers returned assay values of up to 19% copper in altered granite, with associated elevated gold
values. This occurrence is untested by follow up work."



I'm glad I sold out of IPO shares at 20c and got to keep free opies,

According to a recent announcement initial results from MZM's activities at its Weebo Gold project will be released to the ASX in coming weeks. This could well spark greater interest in MZM as its prospect is near the Thunderbox Gold Deposit of 2.2 million ounces. I've bought a good holding of MZM options and feel that this stock has good potential. I was first alerted by Young Trader to this stock.
DYOR.

 

[Ken]

with so many floats...

i would be watchful of the ones that dont go well early....

the smart money tends to get in early.


no doubt MZM would have tried to sell the float to many people.

if it hasnt opened above issue price then you would think there were some unimpressed investors.

just one way of looking at it.

there are bound to be a couple of flops...

 

[greggy]

with so many floats...

i would be watchful of the ones that dont go well early....

the smart money tends to get in early.


no doubt MZM would have tried to sell the float to many people.

if it hasnt opened above issue price then you would think there were some unimpressed investors.

just one way of looking at it.

there are bound to be a couple of flops...

Hi Ken,
Thanks for your reply and interest in this thread. However, I disagree with you on this occasion. MZM is a gold and base metals explorer with some of the best geologists in the business. With the likes of Terry Grammer and Dennis O'Meara (please look at this thread's other contributors for more info on their excellent backgrounds) on board, the company is in experienced hands. MZM also has interesting prospects in the Yilgarn and Pilbara areas of Western Australia. Its Weebo Gold Prospect is only 10 kms away from the Thunderbox Gold Deposit of 2.2 million ounces. Its Callawa Project has had rock chip samples of up to 19% copper.
Most traders are curerently pre-occupied mainly with iron ore and uranium explorers and have indeed overlooked this one, just like they did at first with VMS. VMS also fell below its issue price at first just like other stocks such as UXA.
I try where possible not to chase stocks too much and I've been following the same methodology for 27 years. I have spent a considerable amount of time on this one and feel that its a very interesting situation. Since listing, I have taken advantage of the low price to purchase a good stake in it.
DYOR