LNR - Lanthanein Resources

[mick2006]

for those holding or thinking about buying into FNT there was some important information contained in the latest drilling release today.

If you read closely it states "that every hole so far drilled by FNT has finished in mineralisation", so if you fast forward a week and compare the depth of the holes that are being reported on you are going to have some hits up to 500 metres deep which will inturn add significant amount of resources to the upcoming Upgrade Statement.

Not to mention the added investor attention remember when AIM recently reported a 660 metre at 0.5% copper hit from Africa the share price went from 21c to 36c. This just highlights the possible impact of the drilling results due next week

Below is a list of hole depths to be reported on next week:

KFD005 109.8 metres
KFD005A 500 metres (this is the most important to be reported on being the deepest of the program, could be a real market mover if it has a hit of 500m at around 0.7% copper eq.)
KFD007 397.3 metres
KFD009 286.8 metres

Don't worry about the lack of price action today as it was just a minor announcement, where as next week FNT will report on 2600m of drilling from Kodu, and the week after the much anticipated Kodu Resource Upgrade.

 

[mick2006]

with the first in a series of drilling results released yesterday (only one hole, larger results due next week), it was interesting to see the lengths people were prepared to go to cap the price. As soon as 13.5c was underthreat of being breached several large capping orders came in to stop the advance.

With FNT hovering just below resistance slowly chipping away, awaiting news to break higher, why would you suddenly dump large parcels of stock on the market in effect stopping the march higher and costing yourself money. I get the feeling that someone is capping the price so they can accumulate more at the 13c, as buyers are quite happy to take large chunks at 13c when on offer.

Will be interesting to see what happens when the next round of drilling results/resource upgrade are released whether the large capping orders stay in the system or suddenly dissapear to allow the stock to go higher.

Would be interested to hear any FNT watchers view on the trade after the announcement yesterday?

 

[Ken]

mick,

Not a lot of stocks in the 10-15 cent range move fast I have found because your looking at fairly big decent percentage changes per increment. It will take a fair bit of good news to break 15 cents again I think.

It doesnt look like the sort of stock to keep running due to the liquidity, and the ease of picking up shares.

I think I'll sit on them for 6-12 months and let things take its course.

 

[mick2006]

I have sent a private message to most of the people that seem to be holding or interested in FNT, contains a few more bits that I got from P.McNeil just now. So guys check your inbox!

 

[mick2006]

As a quick sidenote, I am very surprised by how many people are just holding FNTO, I know that it provides great leverage, but if no-one is buying into FNT the shareprice will just bounce around the current levels and inturn your options will be worth nothing at expiry time.

 

[Spaghetti]

Thanks Mick, appreciate it. Have been sitting on GRK and DIO watching and waiting and wondering and both have taken off all of a sudden. Now we need to see FNT move its bootie and I will buy myself a case of champagne

 

[KIWIKARLOS]

Can you please send me the info mick, it would be much appreciated.

I too am waiting at FNT station for the train to leave. Lets hope its the bullet train and not a red rattler:

 

[Ken]

I reckon theres a fair few people on FNT off the forums now.

We should make a Aussie stock forums syndicate, so we can move the stock around, and out do the big players.

Manipulate the stock like the big boys.

hehe

Would be good to know how much the forums held!

 

[mick2006]

Ken can you please clean out your mailbox, am waiting to reply to your last message......................

 

[Fool]

I would say the forums would be quite a significant chunk of holders.

Myself and my mates account for quite a chunk of FNTO, more then gets traded in a single day - which is quite scary if I ever want to sell it is not liquid enough to just bail on the stock.

But that shows how confident I am in it, and that I won't have to bail on it anytime soon.

Very good news for me is that ANZ, comsec & NAB are major shareholders - shows good support from long term investors.

Can only be a good thing from our point of view that companies like the above are -investing- their money, and the majority of the stock is not being traded day to day.

 

[UPKA]

Hi Mick can u also forward me the email? would be interested to the updates. Thanks

what i have noticed is that ANZ has a share in alot of companies, prob want a piece of everyone

 

[Captain_Chaza]

I reckon theres a fair few people on FNT off the forums now.

We should make a Aussie stock forums syndicate, so we can move the stock around, and out do the big players.

Manipulate the stock like the big boys.

hehe

Would be good to know how much the forums held!

Hi Officer Ken
NO Man or a close knit Sailing syndicate can tame the Wild seas
She has and will always have a mind of her own

This has been proven many many times over the years

It is falacy to even assume that ramping exists on any chat room
as ramping is evident in yesterdays newsprint

Speeding tickets are a result of the lack of supply of stock
Not ramping!

No Speeding tickets are ever given too south bound cruises no matter how fast these are going

Do you suggest that southbound crashes/corrections are a result of a small group chat-groups?

If you only knew what I know?

Some of the biggest players around have not got a clue
RE the Conditions of the Global Exchange
How many times have you seen Directors accumulating their beloved stocks to see that they could have bought heaps more at a cheaper price?

How many times have you seen this occur in Real time?

Salute and Gods speed

 

[UPKA]

thanks for the email Mick, do u think the next step for the company is to get its JORC report out, and find a JV to actually start mining? or r they js gonna sit on it, and move to Elo and hope for even better results?

 

[chicken8]

i'm hoping that everyone who received a PM from mick will think of others before spreading it everywhere

there could be people here hoping to top up.

 

[mick2006]

the next two years will be spent finding out exactly what they are sitting on, then they will decide what they want to keep and what can be sent into JV's. They won't be in a position to mine till about 2011, but that doesn't mean we as investors can't make a bucketload of money over the coming years. The shareprice will be driven by drilling newsflow and from what Peter McNeil has been hinting at the resource upgrade will be significant, then it will be up to the market to decide how to value the company.

Market sentiment is very important if people like what they are hearing from FNT its shareprice could rocket, but if people don't run with the positive news (no matter how good it is) the shareprice won't go anywhere. Either way we should have a better idea in the next couple of weeks, the only thing we can do is decide if we want to hold FNT shares before the announcements then decide where to go after we have the next lot of information.

 

[Captain_Chaza]

I would say the forums would be quite a significant chunk of holders.

Myself and my mates account for quite a chunk of FNTO, more then gets traded in a single day - which is quite scary if I ever want to sell it is not liquid enough to just bail on the stock.

But that shows how confident I am in it, and that I won't have to bail on it anytime soon.

Very good news for me is that ANZ, comsec & NAB are major shareholders - shows good support from long term investors.

Can only be a good thing from our point of view that companies like the above are -investing- their money, and the majority of the stock is not being traded day to day.

Ahoy there!

MAYBE there is a Plan B?
I would say that the "Bankers" above you refer might be merely taking out a cover note which is their God-given right for Securing Assets?

DYOR!

Maybe it is not a discretionary purchase but a disciplined one?
Who knows? Certainly not me
I am just asking the question!

I prefer to just wait patiently for the "Wind to Call the Tune"

Salute and Gods' Speed

 

[Kauri]

Ahoy there!

MAYBE there is a Plan B?
I would say that the "Bankers" above you refer might be merely taking out a cover note which is their God-given right for Securing Assets?

DYOR!

Salute and Gods' Speed

Cap,
And they also could be something as simple as Nominee accounts... not actually holdings of the Banks themselves???
Cheers, and may the wind always blow from behind...
Kauri

 

[rub92me]

Hi Officer Ken

A) It is falacy (sic) to even assume that ramping exists on any chat room
as ramping is evident in yesterdays newsprint

B) No Speeding tickets are ever given too south bound cruises no matter how fast these are going

A) Not true. Check out the CDU story for example.
B) Also not true. Look at SYN for example. They were asked to provide explanation why the shareprice was diving with no news.

 

[Captain_Chaza]

A) Not true. Check out the CDU story for example.
B) Also not true. Look at SYN for example. They were asked to provide explanation why the shareprice was diving with no news.

Ahoy there
These are merely Isolated incidents!

What do you think is the correct rate of credibility we as an investment community should accept from our officials
re the No# of Speeding tickets going North vs those heading South

On any given Day!

I am sure these figures will astound even the novice of all novice sea-cadets!

Salute and Gods' Speed

 

[kransky]

Holding FNT and FNTO and watching closely.. dont worry I imagine there would be plenty of people who hold but dont talk about it