LML - Lincoln Minerals
- Thread starter pussycat2005
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It's hard to feel too pessimistic about holding a nice chunk of oppies in this little company. With all the projects they have going on and the (potential) of Gum Flat, I'm more than fine holding the options, with an expiry in 2010 and the exercise price only just exceeding the sp at the minute.
The sp has been creeping up nicely on low volume, meaning a decent percentage of those who got burnt buying ~30c level prior to the last GF announcement are obviously happy to hold for the potential rather than cashout just short of breakeven.
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Announcement out ,here is the link http://imagesignal.comsec.com.au/asxdata/20071221/pdf/00798942.pdf
Would have preferred some news about Gum Flat(iron ore) but interesting times ahead
Would have preferred some news about Gum Flat(iron ore) but interesting times ahead
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Is this a big result in terms of grade of uranium parts per million.
I'm not tp sure whether.5% is a large ratio?
I'm not tp sure whether.5% is a large ratio?
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Dont think the U results are that great(from memory think it is more that this is an unexplored area)however think that the ann re Wilcherry (iron ore JV)is more significant.Unfortunate that it came out at the holiday period.Proximity of their tenements to other significant mines and nearby infrastructure will drive the price of this.There have been unsubstantiated rumours that this was going to be taken out pre Christmas which obviously wasnt the case however it was suprisingly strong on significantly down days.Would appreciate some help on the significance of the U ann
hey alankew,
wouldn't worry too much about the uranium results it was more just a first up scout drilling program, its the Gum Flat iron ore project and their Indian JV that will drive the shareprice. It will also benefit from any positive news out of CXM.
mick
wouldn't worry too much about the uranium results it was more just a first up scout drilling program, its the Gum Flat iron ore project and their Indian JV that will drive the shareprice. It will also benefit from any positive news out of CXM.
mick
Hey Alankew,
As Mick said, LML's signiture tenement is the 'Gum Flat' iron ore project.
The 'Wilchery' Uranium discovery is above average for an unexplored discovery. Same with the 'Cockabidnie' Nickel discovery. LML seems to be on a roll for discoveries.
The 'Gum Flat' iron ore project is really exciting. Drilling results should be interesting.
As Mick said, LML's signiture tenement is the 'Gum Flat' iron ore project.
The 'Wilchery' Uranium discovery is above average for an unexplored discovery. Same with the 'Cockabidnie' Nickel discovery. LML seems to be on a roll for discoveries.
The 'Gum Flat' iron ore project is really exciting. Drilling results should be interesting.
New announcement:
07/01/2008 Gum Flat iron ore project update
More information on the GUM FLAT iron ore project.
More tests to be done as large iron ore potential in GUM FLAT project resource of over 250mt of iron at grades up to 56.6% Fe.
Big potential.
This looks real good.
07/01/2008 Gum Flat iron ore project update
More information on the GUM FLAT iron ore project.
More tests to be done as large iron ore potential in GUM FLAT project resource of over 250mt of iron at grades up to 56.6% Fe.
Big potential.
This looks real good.
Yes, this stock is well placed certainly in respect of its tenement locations and ability to ship out its potential products.
I like this stock because the directors are quietly going about their business to establish provable resources and have the advantage over a great many other juniors of having deposits close to transportation infrastructure.
Lets not forget that an estimated 70% of expenditure is on transportation infrastructure and LML is largely immune from this sort of required expenditure.
This is a stock to accumulate.
I like this stock because the directors are quietly going about their business to establish provable resources and have the advantage over a great many other juniors of having deposits close to transportation infrastructure.
Lets not forget that an estimated 70% of expenditure is on transportation infrastructure and LML is largely immune from this sort of required expenditure.
This is a stock to accumulate.
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Any thoughts on the Indonesian JV announced in Feb'09?
DSO with initial sampling of 63% Fe. H/E non-JORC but with Indonesian mining permits issued.
One comment I was confused on - the body has low to medium magnetism. What is the impact of that on commerciality?
LML also have advanced exploration projects in SA but the grades were disappointing from memory.
At least they are 'thinking outside the box' in a capital constrained market.
DYOR - I do not hold these at present but keep an eye on them.
DSO with initial sampling of 63% Fe. H/E non-JORC but with Indonesian mining permits issued.
One comment I was confused on - the body has low to medium magnetism. What is the impact of that on commerciality?
LML also have advanced exploration projects in SA but the grades were disappointing from memory.
At least they are 'thinking outside the box' in a capital constrained market.
DYOR - I do not hold these at present but keep an eye on them.
All quiet here..
Lincoln just seems to be making that steady upward progress without any announcement. Sitting around the 23 cent mark just 10 days ago, its hit 34 cents today. Options are almost about to be in the money.
Steady rise with increased turnover is very interesting indeed. They have previously announced ongoing discussions with Chinese interests regarding their SA Iron ore deposit. Chinese buying into smaller iron ore miners seems all the rage. Perhaps we might not be too far away from some sort of announcement on that front.
Just my thoughts. Anyone else holding here?
Lincoln just seems to be making that steady upward progress without any announcement. Sitting around the 23 cent mark just 10 days ago, its hit 34 cents today. Options are almost about to be in the money.
Steady rise with increased turnover is very interesting indeed. They have previously announced ongoing discussions with Chinese interests regarding their SA Iron ore deposit. Chinese buying into smaller iron ore miners seems all the rage. Perhaps we might not be too far away from some sort of announcement on that front.
Just my thoughts. Anyone else holding here?
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Hi folks,
LML ... coming off support at .31 for the second time this year
and a strong and positive cycle, currently in play ... hopefully,
enough to give it a lift, above the averages, this week ...
have a great week all
paul
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Some thing on LML in case you have not seen or read it.
End of January one of the key directors sold his rights to acquire shares at 30 cents by 30 June 2010.
During that time the chart shows the share price was hovering between 30 to 40 cents. If I am a director I should have confidence on the future and not selling / disposing to acquire them so soon.
Directors normally supposed to know the future of their shares first and a sell sign is normally the last thing they are expected to do. Please see attached.
I am wondering if LML price up is a temporary phenomena ?
DNH and participating in the thread purely for discussion purposes.
12 Mar 2010 0.360 2.86% 0.360 0.340 39,999
11 Mar 2010 0.350 -2.78% 0.350 0.350 25,963
10 Mar 2010 0.360 0% 0.360 0.350 33,500
09 Mar 2010 0.360 2.86% 0.360 0.350 47,755
08 Mar 2010 0.350 2.94% 0.350 0.315 204,695
End of January one of the key directors sold his rights to acquire shares at 30 cents by 30 June 2010.
During that time the chart shows the share price was hovering between 30 to 40 cents. If I am a director I should have confidence on the future and not selling / disposing to acquire them so soon.
Directors normally supposed to know the future of their shares first and a sell sign is normally the last thing they are expected to do. Please see attached.
I am wondering if LML price up is a temporary phenomena ?
DNH and participating in the thread purely for discussion purposes.
12 Mar 2010 0.360 2.86% 0.360 0.340 39,999
11 Mar 2010 0.350 -2.78% 0.350 0.350 25,963
10 Mar 2010 0.360 0% 0.360 0.350 33,500
09 Mar 2010 0.360 2.86% 0.360 0.350 47,755
08 Mar 2010 0.350 2.94% 0.350 0.315 204,695
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Megabox,
It's illegal for anyone here at ASF to provide you with that kind of specific financial advice. If you are unsure of when to sell your shares, please consider consulting a licensed financial adviser.
Find out more about getting good financial advice here: http://www.fido.gov.au/fido/fido.nsf/byHeadline/Getting good advice
It's illegal for anyone here at ASF to provide you with that kind of specific financial advice. If you are unsure of when to sell your shares, please consider consulting a licensed financial adviser.
Find out more about getting good financial advice here: http://www.fido.gov.au/fido/fido.nsf/byHeadline/Getting good advice
I'm giving LML a go. They're promoted as "the next big graphite player". The largest tenement holder on SA Eyre Peninsula, they have ALL rights to graphite including other base metals. Their tenements include numerous historic graphite mines and directly adjacent to AXE and MOX recent discoveries of high grade graphite. Chart has taken a good turn since Jan. I wouldnt be surprised to see some heated run-ups like the other graphite players recently when announcements of airial EM surveys and drill results start coming in. We'll see
entered @ .195
entered @ .195
