LNR - Lanthanein Resources

[Spaghetti]

Looks great if a trigger occurs soons. The buy side is really strong. Just a wait and see game right now but if a positive occurs very soon it will be fabby. My concern if no trigger happens holders may start to offload to make gains elsewhere. So we hope there is an early June ann

 

[mick2006]

For anyone holding FNT as you would know I have been having discussions with the MD Peter McNeil and he was kind enough to answer some very detailed and time specific questions, so if anyone here on ASF would like a read just send me a Private Message and I will forward it to you. I would like to give the members of ASF the benefit of the information first as I said there are some specific time statements.

 

[KIWIKARLOS]

Mate can you please send me the information regarding your discussion with the managing director of FNT.

Looking forward to getting some results from the drilling, from what i understand they have already drilled the holes they are just waiting on results?

 

[mick2006]

For all those who would like a copy of the recent discussion with managing director Peter McNeil, I will be away from the computer for a couple of hours just Private Message me and I'll get back to you around 7pm.

 

[mick2006]

Hi guys for all those who asked for the interview with the MD Peter McNeil check you private messages it should be there, just visited HC and it seems it has made its way over there just now. Its a bit dissapointing that someone has leaked it already, as I tried to give the members of ASF first option on the information.

As you know you now have some pretty accurate dates for the release of the next few rounds of drilling results/resource upgrades and its your choice how you want to trade the information.

 

[Pat]

Looks great if a trigger occurs soons. The buy side is really strong. Just a wait and see game right now but if a positive occurs very soon it will be fabby. My concern if no trigger happens holders may start to offload to make gains elsewhere. So we hope there is an early June ann

That’s true spaghetti, sitting waitin watching. But I don't see buyers going away. It would seem by the charts major support is 12 cents, whenever it's dipped to 12 cents or below it seems to be snatched up very quickly by the buyers. So if he holders leave these plenty more to start where the sellers left off.
Recently, since the volume YT created (24/05/07) sellers have struggled to take it lower than 13 cents.
This month, May, has seen more volume traded than any other month in the past year, this includes the big candle stick in July 06. This to me says something’s up and real interest is now, just starting to grow in this stock. The market is waking up, slowly but surely, FNT will be revalued.

 

[prawn_86]

thanks heaps mick,
will be very interesting over the next year or so
personally i wish i had a bit more capital, but thats life

 

[YOUNG_TRADER]

Hi guys for all those who asked for the interview with the MD Peter McNeil check you private messages it should be there, just visited HC and it seems it has made its way over there just now. Its a bit dissapointing that someone has leaked it already, as I tried to give the members of ASF first option on the information.

As you know you now have some pretty accurate dates for the release of the next few rounds of drilling results/resource upgrades and its your choice how you want to trade the information.

Mick, I think when you feel ready you should post up the pm containing all that info,

To the mods, I have read it and it contains no ramping at all, rather MIck compiled a detailed list of questions to which the MD has replied to the best of his abilites and as far as he legally could etc, the MD even gave a disclaimer re forward looking statements etc etc

All in all it has alot of very useful information which I think all ASF'rs should be allowed to view and evaluate

 

[mick2006]

Now that the following information has been leaked onto other forums (HC and sharescene) I will post it here for the rank and file ASF members.


Thought you guys may be interested.
Guys remember although no actual drill results it does give a timeline in regards the release dates so please keep it quiet until ASF members have read it.


Summary

Newcrest Asking for Data Set on PNG Projects
Drilling Update Monday and again week after
Resource Upgrade Around 20th June


Hello Peter,

I am currently a member of a couple of share forums where quite a few members are holders of Frontier stock and we were discussing getting in contact with you, with a list of questions that you maybe willing to answer, rather than everyone bombarding you with individual questions. Any information would be appreciated.

Here are the list of questions.


1. How many metres of drilling (roughly) are yet to be reported on from the Kodu drilling that have already been completed?

2. Are you having long delays with assay results from the labs?

3. In a recent bloomberg report it was discussing Chinese companies taking stakes in companies exploring PNG, has Frontier has any discussions with the Chinese or any JV partners regarding taking a stake in some of your PNG projects?

4. Has the company had any thoughts about listing on the Toronto stock exchange which seems to value large deposit low grade explorers more highly than the ASX?

5. Is the company relying on the conversion of options to fund the rest of the 07/08 drilling campaign?

6. Would it be possible to get a copy of a recent Top 20 shareholders list?

7. When would be a realistic timeframe to expect a drilling updaet on Kodu, days, weeks, months?

8. Have the company been approached about JV's or purchases on any of your projects in PNG/Australia?

9. Have the company plans to have an investor roadshow or presentation to increase the profile of FNT and its projects?

10. What would be a realistic timeframe before a mining operation could be established in PNG?


Thanks in Advance

Michael and the members of (Australian Stock Forums) and (HotCopper) that currently hold shares in FNT!!


Hello Michael

Thanks for your email and the consideration RE ‘repetition’ of effort. The statements below are accurate to the best of my knowledge, so I don’t think there is any problem in disseminating it. There are forward looking statements and it must be understood that they may not be achieved etc and that this email does not constitute investment advice (my required ‘without prejudice’ disclaimer).


1.Unbelievably 2,681m to be reported in holes KFD004 extension through KFD013. Drilling has stopped temporarily and we are cutting a track to KFD 014 site now which is targeting the annulus from the eastern side for tonnage expansion. The second rig is moving to the Elo prospect tomorrow.

2.Yes – it takes a month from when the samples actually hit the lab in Townsville. We both air freight and sea freight samples depending on perceived priority. Unfortunately it also takes a week normally to get customs clearance + the actual shipping time. Then there is the occasional incompetence factor where samples are short shipped or ‘lost’ by the shippers and not found until we notice and then force a search issue. This happened with the Bukuam trench samples that were only just re-located last week and re-shipped. We have the Bukuam soils and some rocks now and are trying to find time to compile, contour and report them as it will be a month before the other trenches (what we really wanted!) arrive.

3.No discussions with Chinese, but some data has been submitted to various companies via the PNG Mining Authority. I presented to a Korean delegation last year. Problem is these guys take forever to do anything and its not really in our best interest to have a JV partner such as them yet. An equity partner –perhaps.

4.Yes it was discussed briefly last week, along with the possibility of AIM. Problem with AIM is that it is expensive in every aspect. The added regulatory regime is also an impediment, but could be worth it. We have no firm view on moving in this direction, though it is possible. We experience with the TSX-V so that is not an issue, just the relative ‘value’ of doing it.

5.No, we just finalised the placement of all the entitlements issue shortfall (total of 5.74M raised over last 3 months), with a bit less than 5M remaining now [we were close to the bottom and have had some major capital purchasing (used sat phones, bulldozer, continued rig construction and vehicles) as all our originally second hand vehicles in PNG were dying regularly and paid for all our accounting and corporate secretarial work for 2007]. So we are well funded for about 2 years, relative to what work programs we run. It would be very nice I must admit to get option conversion, as it would bring in a large amount of money, but we are not relying on it. We are working towards trying to achieve this, but there is only so much we can do to make it happen. Toward this end, the Andewa gold vein drilling is scheduled to commence as soon as can be organised RE drill shipping etc (likely realistic start date is mid July) to define around a 50,000oz probably indicated resource is planned. The Elo drilling is also hoped to peg something of economic significance and give us a leg up. We will have to wait and see.

6.I will request one be obtained and forwarded to you (Paige – please supply) as possible. We have some new large shareholders from the placements, but I believe my interests are still the largest at about 7.5% and Bob McNeil’s substantial at maybe 3%? Macmin Silver has a substantial holding also.

7.We have assays for KFD004 extension and will be reported when I can write it up – Monday? and just received assays from KFD005, 005a, 007 and 009, but these will take a while to enter into the data base, sort and produce plans and sections – say 1 week to 10 days after KFD004. Plan and section production is the time killer and hold-up, as only the exploration manager can produce these.

8.Yes, for both the Tasmanian projects and the PNG projects. There are tyre kickers everywhere and they can waste a lot of our time. Newcrest are after data on several PNG projects now and I have to find time to compile and send to them. New Guinea Gold are interested in our East New Britain application, but Im not certain it is in our best interest to JV it to them as the contained Doilene gold prospect is on coast and effectively drill ready (ie relatively cheap and ready to test by drilling). In the end, nothing substantive in terms of JVs in the waiting though at this stage.

9.Roadshow per se - no at this stage, however, I recently did an AMEC Investors show in SYD and MEL, am doing the AMEC National Congress in Perth next week – free entry for investors on Sat, and a Gold Coast Investors show 14-15 June – again free entry and lunch! The chairman is doing a roadshow in Europe in early July for New Guinea Gold (TSX-V) and briefly discusses Frontier also, as the companies have quite separate types of profiles for investors so can be done together for effectively no cost to us. Im planning on doing Munich gold show in early Nov and was invited to speak at a sovereign risk conference in August but haven’t decided or accepted yet.

10.For Kodu, realistically is very difficult to say, so this is totally hypothetical. Say pre-feasibility commences August 2007 and is completed March 2008, resource definition and reserve conversion drilling would be required to continue until say end of 2008 or longer depending on number of rigs used with an initial target resource of 150-200 million tonnes for a reserve (depending on results from the revised Inferred Resource of course), initiate studies required for granting of a Mining lease after pre-feasibility- ie a full feasibility study- that would take perhaps a year to complete, apply for Mining Lease maybe end of 2009 at earliest, ML granted end of 2010 at earliest and construction commences early 2011? – at earliest. As this equates to only a bit more than 3.5 years it may be fairly difficult to achieve.

You didn’t ask about this one, but I feel it is of definite interest to you also - Im in Tasmania now reviewing progress on the revised Inferred Resource estimate. We expect this to be released about say 20th June.

The landowners support our exploration operation 100%, we have a very good repore with them (there are up’s and downs as with every relationship and the Koiari are historically known to be difficult to deal with – they made it very difficult when the Track was being ‘put in’ as they were still cannibals!). They have indicated to me they would unequivocally support the development also. They have now had 3 years of ‘our’ operation and a decade of ‘significant’ trekking to compare the benefits from both and we win hands down in terms of direct and indirect benefit to the community – it is not even comparable, regardless of what rubbish the eco-trekkers and KTA espouse. This is the landowners stated opinion in addition to mine! PNG needs mine development acutely and there are no known environmental issues with the deposit and its location.

All the best and if you want to call to ask about anything else please feel free to do so (08 9295 0388). Im quite happy to talk to shareholders and explain anything that I reasonably and legally can.

Regards Peter
Peter McNeil
Managing Director
Frontier Resources Ltd

 

[motion]

Mick,

Thanks for the info it's nice to know the company has good management. Also looks like some big buying this morning on fnt.... Lets see if the orders go through....

 

[Fool]

Still early... 2 hours to go til open.

I suspect once this news gets around we'll see a bit of price action.

The german stock apparantly went up 7% overnight, 7% is nothing to sneeze at.

 

[mick2006]

Looks like the email has made its way around HC and sharescene overnight ontop of ASF, looks like the buyers are building and the sellers are pulling out, down 400k from close last night.

Could make for an interesting morning.

Is anyone a member of sharescene.com and if so could you please private message me with the general gist on what their interpretation of the email was.

 

[UPKA]

see the funny thing i see about this? alot of ppl r putting their judgement on this lil email, for all we know, i can type something simliar up myself or js simply change the content details, and post it online so i can push up the share price, so i can sell off. mick2006 by no means im saying urs is fake, so please dont take this personally. it js surprises me how a rumour can be spread around so quickly. ppl can js post their bs here for their own benefit.

like members here always say, DO YOUR OWN RESEARCH!!! after saying that I find ASF alot better than many others, less ramping, less BSing, and certainly alot of depth in its posts! keep up the good work guys, im js giving my 2c here

 

[alankew]

UPKA the power of the modern means of communicating.Used to watch a TV programme in the UK in the 90"s(dotcom)called Show Me The Money-a daytraders delight/nightmare depending on which stock people bought in to.@ teams of pickers came up with a selection and did a little presentation(about 2 mins!) and the effects were astronomical/diabolical.Again not having a go at Mick as he has been kind enough to share this info with us and unfortunately it has found its way to HC

 

[dj_420]

see the funny thing i see about this? alot of ppl r putting their judgement on this lil email, for all we know, i can type something simliar up myself or js simply change teh content details, and post it online so i can push up the share price, so i can sell off. mick2006 by no means im saying urs is fake, so please dont take this personally. it js surprises me how a rumour can be spread around so quickly. ppl can js post their bs here for their own benefit.

like members here always say, DO YOUR OWN RESEARCH!!! after saying that I find ASF alot better than many others, less ramping, less BSing, and certainly alot of depth in its posts! keep up the good work guys, im js giving my 2c here

i think you will also find that if someone is completely fabricating a story and driectly quoting someone else they could be legally open to a number of rammifications.

so i would take the email as true, i think it is great that people are willing to share their communications with others

 

[prawn_86]

whats the go with the volumes of late? they seem to be a bit down over the last couple days.
is the market just waiting for the ann now?

 

[Ken]

DANGEROUS TO BUY off people posting emails they send to CEO.

Todays up to 13.5 could well be just people off the forums buying.

Not having a dig, but its a highly unreliable source of information.

Do your own research before buying/or selling.

You only have yourself to blame if you dont.

 

[Spaghetti]

Can you back up your claim people have bought purely based on the email?

Cannot see it for the life of me.

 

[dj_420]

i wouldnt suggest people buy based on this, i think all that is happened is someone is willing to share some information thats all.

the more people are criticised for this the less they are willing to do it. and the purpose of a forum been that people can share information.

i will say mick2006 thanks for the correspondance.

 

[aaronphetamine]

DJ, I agree with you. Mick decided to share the information he gained to everyone willing here at ASF. It seems as if people are critising him for it.

I personally am thankful for his desicion to share the information.

If people decide to buy (or sell) on this information, thats their perogative, mick never suggested anyone do anything with this information other than read it and make up your own mind.