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HIO - Hawsons Iron

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imajica

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Giralia resources have had a strong track record with spinning off companies that perform well on the market

for example: Red Hill iron (RHI) , U3o8 (UTO) etc

the prospectus for Carpentaria will be issued soon and I will be sending my cheque A.S.A.P.
 
Re: Carpentaria Exploration IPO

hey know anywhere i can download a copy of the prospectus? I've tried to look up online, no luck yet, or is it gonna come out on the issue date?
 
Boy did i have to dive into the archives for this one!

Been keeping an eye on this one and have taken a position as imo its one stock that is (hate this term) flying under the radar. this came to my notice after dmor after the company announced an exploration target (asx release 14 oct 2009) or 2.5 to 4.5 billion tonnes at an ave 18% DTR magnetite with a concetrated grade of 69-71% iron with a vertical depth of 250m and density of 3.2t/m3. the "target" at hawsons iron projects while still conceptual was enough to set the company on futher exploration work to try and prove an initial inferred resource by about March-April 2010 with a small mkt cap and small share issue and the interest of late imo am happy to be holding . p.s. very close proximity to broken hill infrastructue (60km) and recent tin discovery at the euriowie tenement.:eek:
 
Bigukraine said:
Boy did i have to dive into the archives for this one!

Been keeping an eye on this one and have taken a position as imo its one stock that is (hate this term) flying under the radar. this came to my notice after dmor after the company announced an exploration target (asx release 14 oct 2009) or 2.5 to 4.5 billion tonnes at an ave 18% DTR magnetite with a concetrated grade of 69-71% iron with a vertical depth of 250m and density of 3.2t/m3. the "target" at hawsons iron projects while still conceptual was enough to set the company on futher exploration work to try and prove an initial inferred resource by about March-April 2010 with a small mkt cap and small share issue and the interest of late imo am happy to be holding . p.s. very close proximity to broken hill infrastructue (60km) and recent tin discovery at the euriowie tenement.:eek:
Click to expand...

Just got onto this one today and i must say its doing a good job of tickling my fancy. Thanks Bigukraine enjoy ur posts.

For those interested market cap is 9M so its a minnow but from what I gather in the most recent anns lots on the horizon both short and longer term. Interesting to see it up 12% on last day of trade even though resources got hammerd (admittedly some of that 12% would be traders but still).

Its on the radar, will hopefully get acess to some funds and jump in.
Wouldnt mind and average price of 0.12, wouldnt mind it at all.
 
Todays ANN

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

Major Galilee Basin Coal Venture formed by
Carpentaria and The Chairmen 1

Highlights:

• Agreement signed with privately owned The Chairmen 1 Pty Ltd over Carpentaria’s Hughenden Coal Project, northern Galilee Basin, Queensland

• Agreement boosts Carpentaria’s interest in undeveloped Galilee Basin tenure to 11,350 square kilometres, with potential for discovery of thermal coal deposits

• The Chairmen 1 has acquired an 80% stake in Carpentaria subsidiary FTB (Qld) Pty Ltd in return for $300,000 cash payment; The Chairmen 1 to manage and fund exploration through to definition of an Inferred Resource with a maximum spend of up to $2 million
• Drilling targeted to commence by April 2010

• Carpentaria continuing to focus on the Hawsons magnetite iron and Euriowie tin discoveries near Broken Hill, NSW

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

Disc: hold at an average price of 0.13.
 
Great ann today with partner throwing in upto $81 mil to help develop CAP 's holdings, been building for weeks and on todays ann BANG up 112%. the tax man loves me !:p::p:
 
Bigukraine said:
Great ann today with partner throwing in upto $81 mil to help develop CAP 's holdings, been building for weeks and on todays ann BANG up 112%. the tax man loves me !:p::p:
Click to expand...

Make that the tax man and a Speculator!!

First time had chance to check market today :eek::cool:

Profits will be split into AUT and SDL
 
Was watching the coal deal and waiting for for more movement on the tin prospects, lost patience, got out too early, but well in the black. Was very sad to see it run so hard, even bucked the market today. A great little earner for more patient investors than myself.
 
Presently hovering around the 30 cent mark way under the high volume days of 45-55cents a month ago, i believe representing good value now for long term prospect.
The Broken Hill iron ore farm-in with BMG targeting 20 mtpa production looks very promising. announc. 20th april
 
Drilling on the Burta JV will commence within 1 week with 2 drill rigs.

Bonython Metals Group Pty Ltd (BMG) makes third payment of $4.0m to Carpentaria as part of $81m Hawsons Iron Project transaction.

Announ. 01/06/2010
 
Any views on CAP? Bubbling along quite nicely, sp looks to be well above 30 cent mark as I said represented good value, was >50cents prior to options exercised last week.
 
bought in at 39cents and with the number of projects on the go, sitting above the 40cent mark currently.
Any thoughts on this? Opinions welcome.

Cheers
 
There are two things I like about this stock, the first is you just dig it up and sell it, the second is management are switched on and are non-stop active in achieving a JORC for their Iron and Coal. Also they have 21million cash in the bank. Their Tin tennament is also exciting with excellent visable grades and targeted drilling for September.

What else close, close to infrastructure, no native title obligations, solid JV partners, strong demand from China and India.

Well that more than two things and there are others, but also keep an eye on GUF. CAP hold 20% of the coal area in the Galilee Basin.

Major holder is Mr Yue, I thought for a while he was going to take it over, but glad he did'nt. (or has gone back to regroup)

There should be some drilling announcements out shortly, medium long term hold, but should see greater action towards the end of the year , which is not long to go.
 
Good to see some strong volume and price increase.


I guess there are 4 progress reports due for CAP.

1.Coal , GUF looking strong.
2.Iron Ore , DTR.s looking forward to.
3. Tin, shallowing drilling has been done now awaiting Lab assays.

and
4. GOLD, probably little under the radar, But RMS were supposed to be doing some drilling around the Glen Isla area.

Plus bump this stock thread up, for a bit exposure.
 
Hey Jetblack didn't realise there was an active user on ASF for CAP.

Good to see a price rise today aye, after several days of virtually no volume and declines :D

Hopefully an update about Hawson's is due out, with perhaps news that we are close to meeting a milestone which will get us some of that big $$$ in the contract we have with them.
 
Hey Frenchy, yeah I'm active. I Like what Nick Sheard and his company have to offer.

The latest BRR and presentation outlines CAP's activities.

I'm not wanting to amp this stock up, but no doubt you would have listened to the broadcast.

3 Projects into Resource status by years end. (Iron,Coal and Tin)

Nick, is talking about Phase 2 Drilling at Hawsons finishing up by November.Pretty hard to hide his excitement about this.

The Iron looks like it will be the first of the resources out of the starting block.

Cheers
 
Yeah I listened to the BRR interview, nothing but good stuff from Nick. I'm loving the size of the Hawson's project, according to the exploration targets set, of up to 5.8 billion tonnes. Now that's a hunk of iron! Also I liked the emphasis on the quality of ore that CAP have in their project, nice and close to the theoretical maximum and low on silica and other impurities, should be able to command a nice premium. Lots of potential with their JV's imo, especially coal with their 20% holding of hughendon. Should be a nice price rise around the end of the year (early Christmas maybe? :D) due to the timing of drilling results and the accomplishment of hopefully the PFS for Hawson's by then, and the beginning of the BFS. Oh and GUF reckon they can get a JORC resource by December this year. Exciting times ahead.

:2twocents
 
Two greefield darkhorses come into play , drilling at Glen Isla and Pannama Hat. Price wise CAP has been consolidating well over the past two months, I expect some hightened interest in this stock over the next two months.

Its going to be a head spin with the announcements CAP are in line to make all prior to the end of year(not withstanding unforseen circumstances), where to start, what order, ...
It looks all too keen, Tin assays, Gold drilling , Coal and Iron Ore.:)
 
Tin's been having quite the run, ALL time highs of $26,000 on the LME, not sure what it is now, but with CAP's 100% owned Euroiwie (don't quote my spelling lol) CAP has significant exposure to any long term increase in tin price, so this should be factored into the SP with a few cents increase. :D

:2twocents
 
I wish they'd get some broker research done

Has anyone tried putting a valuation on these guys with all the JV's its pretty tough
Very back of envelope stuff
but with MC of 40 million
Cash = $20 mill

Next year they get additional $25 mil (if) with JORC of 1 billion tonnes
JV 20/80 with BMG

Lets give the Iron prject (magnetite) an Ev/t of 10 cents
so 200 M/t @ 0.1 c/t = 20 mil

which all adds up to around 65 million and thats just on there iron ore project
With potentially 3 JORC's coming out before xmas to me these guys are looking pretty tasty

Any thoughts ???
 

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