LML - Lincoln Minerals

[krisbarry]

Both LML and LMLO are moving hard now, reckon traders are just starting to buy up as results are due anytime now

 

[mick2006]

after a bout of profit taking yesterday afternoon it it good to see LML recover strongly today, not surprising really given the anticipation of good results from Gum Flat iron ore deposit.

Don't know if anyone else caught the article on iron ore on bloomberg.com this morning, now even the Chinese are expecting to have to pay at least 25% more when the contract talks commence shortly, one thing for sure iron ore will be the commodity of choice for the next month or so.

 

[surfingman]

after a bout of profit taking yesterday afternoon it it good to see LML recover strongly today, not surprising really given the anticipation of good results from Gum Flat iron ore deposit.

Don't know if anyone else caught the article on iron ore on bloomberg.com this morning, now even the Chinese are expecting to have to pay at least 25% more when the contract talks commence shortly, one thing for sure iron ore will be the commodity of choice for the next month or so.

This is the one your talking about:
http://www.bloomberg.com/apps/news?pid=20601086&sid=at6HO2S6zZck&refer=news

Finished on a high for the week with some good volume, looking forward to next week, gotta switch computer off a cracker of a storm is heading my way...

 

[Dukey]

Nice thread guys !!!
-Just checking this one out for next week...
& surprised at how quiet the thread has been considering the big run last wed-fri (+ >33%) and potential for more next week with assay news due.
All the evidence you guys have outlined below and the fact that Fe is the HOT HOt sector just now, + Likely Fe price rises + prime location.... All looks good to me....
SP closed on high on Fri. Volumes up nicely. (Apologies for the quality of the chart - had to do screen capture...)

So .. a question... If you were to enter these as a short term trade (intra-day to 1 wk) - would you go for the oppies (LMLO) or heads (LML)?? Oppies currently half(ish) price of the heads - so greater potential return right??

Any opinions guys....
and thanks once again for the great work below

 

[mick2006]

given that the price of LML is up over 50% in the last week, I would be careful chasing the shareprice up too much further before the results are released as there is already a premium in the shareprice for the anticipated good news out of Gum Flat.

but in saying the above, alot of people don't even know about LML and if they post some positive iron ore results there could still be plenty of money to be made with traders piling in on good iron ore news.

But that is the dillema for investors that didn't get in early, whether to take a chance on exceptional results being released?

I also believe that I have found another company that is a bit of an iron ore sleeper, they have some very interesting projects covering several commodities, but some significant iron ore exposure that is about to reinforced to the market.
Will post some research tomorrow.

 

[aussieboy2010]

given that the price of LML is up over 50% in the last week, I would be careful chasing the shareprice up too much further before the results are released as there is already a premium in the shareprice for the anticipated good news out of Gum Flat.

but in saying the above, alot of people don't even know about LML and if they post some positive iron ore results there could still be plenty of money to be made with traders piling in on good iron ore news.

But that is the dillema for investors that didn't get in early, whether to take a chance on exceptional results being released?

This is precisely my dilemma atm with a few different stocks. As you mentioned any further significant gains on the price will be based on above expected news being released. The current prices on a number of these sorts of stocks already have an optimistic outlook factored into it, as such any less than expected news would have a signficant negative impact on the price in the short term.

 

[Dukey]

This is precisely my dilemma atm with a few different stocks. As you mentioned any further significant gains on the price will be based on above expected news being released. The current prices on a number of these sorts of stocks already have an optimistic outlook factored into it, as such any less than expected news would have a significant negative impact on the price in the short term.

Its a dilemma alright - I guess I'm trying to read the psychology of the Fe mania in the market at the mo. - & I get the feeling that the near vertical rises of these Fe stocks may involve a certain amount of irrationality which might make vague valuations based on 'what they might find' almost worthless.

What do you guys think about the main factor that will pull-up a hard run like we've seen with LML
- is it a certain vague valuation?;
- is it a certain % rise?
- is it just fear of falling off the vertical cliff face(chart)?

 

[krisbarry]

I sold out Friday arvo, as I am unsure how much is hype. I will re-enter if drill results are good...too much speculation for my liking

 

[Dukey]

Another factor that I'm thinking might be 'on' for LML is the part-timers who look at their shares on the weekend - try to find whats hot - and seem to drive a Monday morning spike... sometimes.
Has anyone else noticed this phenomenon?

(& is that how you spell phenomenon???)

Of course - if the Monday Morn spike is real - then to play it - you've got to be in and out quick smart, cause if often runs out of steam before midday!!!!

 

[surfingman]

I look at the materials market at the moment as China and India are set to grow domestically at some solid rates for at least the next few years. They need Iron for domestic and commercial growth eg. roads, houses, hotels, bridges and railways just to name a few areas.

India has put a tax on exporting Iron ore to China, therefore China is looking to Australia (amongst other Iron Ore producing countries) for Iron Ore supply. Demand has been outstripping supply for some time hence the growth in Ore prices.

World Iron Ore prices are set to increase by at least 25% for March 2008 delivery as per Blomberg report on Thursday.

If the results for LML's drilling are mediocre to great there is potential for upside for at least 12 months (when contracts are renegotiated), Iron Ore is a hot commodity maybe too much hype maybe not (barring IRM which is way too much hype).... I haven't researched recent figures on China's and India's growth but from what Ive read from various news and journal articles we have plenty of growth to go yet....

Mick2006 :bier: thanks for your research once again...

 

[jackson8]

drill results for gum flat are out.
can anyone interpret them i have no knowledge of the technical side of mining so any help would be apreciated as i have a small holding in them

 

[mick2006]

will be interesting to see how the market takes the release of the Gum Flat iron ore project, on one hand the results didn't live up to expectations with the highest grade being 52% Fe, up against the fact they have identified a large strike with more potential targets and follow up drilling.

Also the headline of "Hematite Iron intersections on Eyre Peninsula" might draw a few people to investigate.

would be expecting some weakness on open given the expectations were not met, but saying that it has run 60% in a week so hopefully every one took a little off the table just in case.

I used some of the profits and moved it into MWE another exciting copper/gold play with some interesting iron ore exposure.

 

[mayk]

Hematite of around 50% is not bad I guess? I am newe so I may be wrong. I am guessing market will see it positively because of interest shown by MEL , and the whole near infrastructure story. Will be an interesting day tomorrow.

Well in the long run there are many other projects under the umberella of LML ( Uranium and gold) and I think fundamentally the price should stablise at arond .3 for short term.

 

[surfingman]

Due to the iron being Hematite and the size of the strike these are good results considering its the first round of drilling. I look forward to see opening tomorrow, I am happy to hold until this resource gets investigated further.

"In addition to the Gum Flat iron ore project, the Company has also recently drilled uranium, gold and base metal targets in its Mount Hill and Cockabidnie projects on central Eyre Peninsula but no assay results are yet available." Would be interested in knowing how far these are away also.

 

[evwatkins]

so the spot on the map in the ann where there is a large purple spot, could that be a large section of ore? as they are yet to drill there so far could be interesting after further results. any other views?

 

[doogie_goes_off]

LML really took a tumble because no DSO (direct shipping) grades were intersected and that's what everyone had been speculating they would find, this highlights the need for drill assays before action should be taken, albeit with a chance of missing the boat all together. I have been left up **** creek without a paddle before with "visible mineralisation" but sometimes you need to paddle pretty hard to get on the wave if it's about to break. Good luck to holders of LML on the next round of drilling.

 

[alankew]

I have also closed my main position,been holding these for a while and at one stage was losing a fair percentage so glad to have done well but dissapointed with ann,still hold a few freebies from IPO but sold the bulk of my holding and will watch for future buying opportunity.Good luck to all holders now onto the next one

 

[surfingman]

LML really took a tumble because no DSO (direct shipping) grades were intersected and that's what everyone had been speculating they would find, this highlights the need for drill assays before action should be taken, albeit with a chance of missing the boat all together. I have been left up **** creek without a paddle before with "visible mineralisation" but sometimes you need to paddle pretty hard to get on the wave if it's about to break. Good luck to holders of LML on the next round of drilling.

I am happy to hold this one, the price I paid for oppies leaves me a small margin in the red, there is plenty of results in the pipeline and follow up drilling to take place oppies expire 2010 plenty of bigger waves ahead for LML

 

[mayk]

Lincoln Minerals Limited (ASX Code: LML) is pleased to advise that aircore and slimline RC
drilling results from the Company’s Cockabidnie Project on central Eyre Peninsula have
outlined a new lateritic nickel discovery along with further base metal, gold and uranium
mineralisation. The discovery is on EL 3609, near Darke Peak, where LML has the rights to
all minerals except iron ore.
Drilling results for holes completed in September 2007 have identified significant lateritic
nickel mineralisation beneath shallow cover in the Campoona Syncline. CBAC007
intersected 6m @ 0.42% Ni, 0.06% Co and 0.02% Cu from 21-27m (ca. 18m true depth) in
saprolite above gabbroic amphibolite with up to 0.09% Ni in fresh bedrock.
LML considers these results to be significant as they demonstrate the potential for lateritic
nickel mineralisation at Cockabidnie in an area not previously the target of nickel exploration.
The Company’s previous calcrete soil sampling program at Cockabidnie showed a number of
significant nickel anomalies up to 170ppm Ni along and adjacent to the Campoona Syncline.
Other drilling results include zones of elevated uranium up to 81ppm U (CBAC002 28-29m)
below calcrete soil uranium anomalies. The elevated uranium occurs in basement rocks that
were originally not far below a Mesoproterozoic unconformity analogous to Alligator River
style uranium mineralisation in the Northern Territory.
Within and immediately west of the Campoona Syncline, drilling has also identified significant
base metal, gold and silver mineralisation up to 18m @ 1.0% Zn+Pb and 2.25g/t Ag
(CBAC028 68-86m), 18m @ 0.8% Zn+Pb and 2.17g/t Ag incl. 2m @ 2.4% Zn+Pb and
3.34g/t Ag (CBAC029 62-80m). Gold and silver are also locally elevated up to 0.26g/t Au
and 26g/t Ag (CBAC029 35-36m).




Anyone willing to analyze this stock ?? 6.98% increase after the ann.

Good to know they found something they were not even looking for!
I hope they get some good uranium and gold results too.

I hold lml.

 

[mayk]

All this activity ( though on low volumes ) might be because of some guys are impressed by the presentation .....

Or some thing is brewing up in the announcement department.. Seem like a small potential breakout, correct me if I am wrong, I am new to trades etc.