LNR - Lanthanein Resources

[mick2006]

Just a quick update from Peter McNeil in response to the erratic trading in FNT shares over the last couple of days, large sells being filled and then replaced by another large sell order.


Hello Peter,

Just wondering if you have received word of any of your substantial Top 20 shareholders selling down their holdings. There has been some strange activity in the last couple of days regarding large 500,000 plus sell orders being filled and then immediately being replaced. It has happened 3-4 tmes in the last couple of days and as their is only 17 people with holdings of 1 million or over, I was just wondering whether anyone has handed in a change of substantial holdings notice.


Regards

Michael


Hi Michael

No news. If the price were a bit higher Id say could be placees from the entitlements issue, but price today is a bit low for them?

I don’t know any of them.

I find it ‘interesting’ when the new Inferred Resource is so close (relatively) to release.

Cheers Peter



Peter McNeil

Managing Director

Frontier Resources Ltd

 

[mick2006]

Holy Crap have a read of the following article taken from the sydney morning herald this morning, we know via Peter McNeil that Newcrest were sniffing around FNT and wanted data on their PNG projects. Could it be one of FNT projects that Newcrest is after?


Newcrest may cut the hedge for $1.5b
Email Print Normal font Large font Barry FitzGerald
June 8, 2007

Advertisement
AdvertisementAUSTRALIA'S biggest gold producer, Newcrest , has its revenue-sapping gold hedge book under the microscope, raising the prospect of a big rights issue to cover the $1.5 billion cost of a complete dehedging exercise.

The market reacted warmly to the prospect by driving Newcrest shares up 29c, or 1.2 per cent, to $23.90 after the dehedging possibility was raised by Newcrest managing director Ian Smith after he addressed the Melbourne Mining Club lunch at the Town Hall.

Dehedging by the world's big goldminers is under way on a grand scale in expectation that the gold price will continue to strengthen. Investors are demanding dehedged company profiles after gold's return to favour in recent years triggered massive hedge book losses.

Lihir has beaten Newcrest to the punch in the local market . It recently raised $1.2 billion, mainly to close out its hedge book and repay a gold loan.

Mr Smith said Newcrest was looking at all hedge book options. The aim would be to liberate currently forgone revenue under the group's bad hedges to "put us in a position where we could pursue all of the growth opportunities that are being presented to us".

He said the growth options were beyond the four previously outlined at the group's existing operations. "The four growth projects can be covered from internal cash. But there are other opportunities on top of those projects as well," Mr Smith said.

[B]One of those additional growth opportunities is the acquisition of a mystery gold/copper property in the Pacific Rim, first alluded to by Mr Smith in August last year.

"It's just been a longer negotiation than a lot of people expected. I can assure you that we are putting all efforts into concluding that discussion. It is just a little too sensitive just at the moment to talk about any details," Mr Smith said of the mystery property.

Analysts assume the property is an advanced but overlooked gold/copper orebody to which Newcrest can apply its skill base as the operator of large-scale, low-grade operations[/B]

 

[Pommiegranite]

Holy Crap have a read of the following article taken from the sydney morning herald this morning, we know via Peter McNeil that Newcrest were sniffing around FNT and wanted data on their PNG projects. Could it be one of FNT projects that Newcrest is after?


Newcrest may cut the hedge for $1.5b
Email Print Normal font Large font Barry FitzGerald
June 8, 2007

Advertisement
AdvertisementAUSTRALIA'S biggest gold producer, Newcrest , has its revenue-sapping gold hedge book under the microscope, raising the prospect of a big rights issue to cover the $1.5 billion cost of a complete dehedging exercise.

The market reacted warmly to the prospect by driving Newcrest shares up 29c, or 1.2 per cent, to $23.90 after the dehedging possibility was raised by Newcrest managing director Ian Smith after he addressed the Melbourne Mining Club lunch at the Town Hall.

Dehedging by the world's big goldminers is under way on a grand scale in expectation that the gold price will continue to strengthen. Investors are demanding dehedged company profiles after gold's return to favour in recent years triggered massive hedge book losses.

Lihir has beaten Newcrest to the punch in the local market . It recently raised $1.2 billion, mainly to close out its hedge book and repay a gold loan.

Mr Smith said Newcrest was looking at all hedge book options. The aim would be to liberate currently forgone revenue under the group's bad hedges to "put us in a position where we could pursue all of the growth opportunities that are being presented to us".

He said the growth options were beyond the four previously outlined at the group's existing operations. "The four growth projects can be covered from internal cash. But there are other opportunities on top of those projects as well," Mr Smith said.

[B]One of those additional growth opportunities is the acquisition of a mystery gold/copper property in the Pacific Rim, first alluded to by Mr Smith in August last year.

"It's just been a longer negotiation than a lot of people expected. I can assure you that we are putting all efforts into concluding that discussion. It is just a little too sensitive just at the moment to talk about any details," Mr Smith said of the mystery property.

Analysts assume the property is an advanced but overlooked gold/copper orebody to which Newcrest can apply its skill base as the operator of large-scale, low-grade operations[/b]

Well spooted Mick!

Is Newcrest referring to FNT. Any others fit the mould?

1."a mystery gold/copper property in the Pacific Rim, first alluded to by Mr Smith in August last year." - WHAT DID HE ALLUDE TO LAST YEAR?

2. "It is just a little too sensitive just at the moment to talk about any details" - KODA (KOKADU TRAIL)?

Surely its in FNT's (and shareholders') best interests for no takover until drilling has been completed on Koda and Elo.

I reckon is FNT were to strike a deal now...it would only be a JV. They know what they have got and wouldn't sell out cheap.... I hope

 

[dj_420]

wow guys!

yt this could be more than just a winner!

newcrest could snap these guys up very quickly, we will just have to wait till JORC then see any developments from there. IMO if FNT can prove up 200 mt at the same grades or better (including higher grade core) then we could have a potential target.

 

[mick2006]

another positive article from Rio Tinto in regards to their preference to base metal exploration outside Australia. So for all those ASX listed explorers with major projects outside Australia good times ahead as the majors are now focussing outside our borders for the next major discovery.


Australia 'harder to explore for metals'
Email Print Normal font Large font June 7, 2007 - 2:04PM


Major miner Rio Tinto Ltd says the ease of exploring for base and precious metals outside of Australia led to the company greatly reducing its greenfield program in the country.

Rio Tinto head of exploration Eric Finlayson said the company had been reducing its greenfield exploration in Australia since the 1990s in favour of easier offshore options.

"Rio Tinto commenced a process as far back as 1994 to substantially reduce its greenfield effort in Australia in favour of explorable outcrop offshore," Mr Finlayson told delegates at the Association of Mining and Exploration Companies (AMEC) conference in Perth.

"Commodities like copper and a number of others are primarily explored overseas rather than Australia because exploration conditions here are hard, are difficult.

Mr Finlayson said the focus in Australia would be tailored towards bulk commodities.

"We're exploring here for the commodities that make us a lot of money here and those are the bulk commodities - iron ore, bauxite and coal," Mr Finlayson said.

"That really is the pedigree of the country as far as we're concerned.

"Here in Australia, outside of the Hammersley Basin (Western Australia), outcropping world class orebodies are getting pretty hard to find, and exploring through deep cover is not a particularly rewarding gain."

 

[UPKA]

does newcrest have any projects in PNG? "Newcrest can apply its skill base as the operator of large-scale, low-grade operations" sounded like either FNT or MGO, at this stage is more like MGO as FNT hasn't even submitted any thing to newcrest yet. bt can be anyone really depending on the price.

 

[Fool]

Peter McNeil said that Newcrest were sniffing around, but nothing solid on offer.

I was digging around for Fiji based projects as the article suggested, and could only find Emperor Resources (EMP) that fitted the bill.

So possibly Newcrest is not actually looking at partnering with FNT.

I wouldn't read too much into that article

 

[Sean K]

Peter McNeil said that Newcrest were sniffing around, but nothing solid on offer.

I was digging around for Fiji based projects as the article suggested, and could only find Emperor Resources (EMP) that fitted the bill.

So possibly Newcrest is not actually looking at partnering with FNT.

I wouldn't read too much into that article

EMP have sold their Fiji mine to a private company. It could still be a transfer of that, perhaps. They have an operation in PNG though. I was thinking OGD as another option, although it's pretty small scale for NCM. Anything on Bougainville? I think NCM would be going for something with over 2m oz potential, and I can't think of any that size.

I think it's a long shot that it would be FNT. They're too early on in exploration/development perhaps. That's based on a very solid hunch of the way NCM operate. Maybe they're going to buy LGL??

 

[Ruprect]

Could be either MGO or FNT, i dont mind which one, i hold both - actually, no id prefer FNT.

Maybe its none, anyone know of any major copper/gold explorers in the area? Gold Aura - GOA? Good gold finds, but i didnt think they had copper. I note the article said gold/copper - whereas MGO and FNT are more copper/gold.

MGO are more advanced and at this stage have a larger defined resource. But they have also said that they are not going to sell cheaply, and prefer to take it as far as they can to add value to the project. They have done that, but also have other things planned for the year including Pre Feas later this month. I think MGO might be open to a Chinese interest in the medium term.

Whichever it is though will lead to a flow on for the other, both similar projects, and would show confidence in PNG. If its another one around the area, its still not going to hurt. FNT is prime for a deal, and will be even more so once a resource upgrade comes in.

 

[mick2006]

agreed it doesn't state anywhere that it is FNT, but still positive that the big boys are sniffing around. Even if it doesn't pan out to be FNT this time its good to know that even though the average investor doesn't have FNT on their radar that the larger resource companies want to be keep up to date on whats going on.

I also like what Rio Tinto said in terms of their base metal exploration focus is now outside Australia, which puts not only FNT but every overseas based explorer on notice if they find something the big boys will be coming!!!

 

[vert]

well now we have a 500k buy order placed at 0.125, is this the capper topping up ? anyway thanks to who ever this might be as i have topped up more myself at a lower price than i thought i would get.

 

[mickqld]

EMP have sold their Fiji mine to a private company. It could still be a transfer of that, perhaps. They have an operation in PNG though. I was thinking OGD as another option, although it's pretty small scale for NCM. Anything on Bougainville? I think NCM would be going for something with over 2m oz potential, and I can't think of any that size.

I think it's a long shot that it would be FNT. They're too early on in exploration/development perhaps. That's based on a very solid hunch of the way NCM operate. Maybe they're going to buy LGL??

Just throwing up another one Peninsula Minerals have a gold project in Fiji called Raki Raki. Seeing as how they are about to bed down their U aquisitions from PMH maybe a selloff of this project to Newcrest??????

 

[Sean K]

Just throwing up another one Peninsula Minerals have a gold project in Fiji called Raki Raki. Seeing as how they are about to bed down their U aquisitions from PMH maybe a selloff of this project to Newcrest??????

Might be scraping the bottom of the barrel for ideas here Mick The Raki Raki project's a 50% JV with Geopacific and I think they've only put 2 drill holes into. Maybe they know something we don't.

All this speculation is mildly amusing but we could be really pushing it to keep interest in FNT. Nature of the beast I suppose. Most of this discussion should probably be in the NCM thread, not here.

 

[rico01]

another 500,000 just went through. I wonder if the capper wiill come along and put another big lot 4 sale

 

[UPKA]

a 500k share order has js been filled, looks like the capper is moving back in? lol i think its more likely for the chinese to make a move than newcrest, either that, or they buy a large chunk of shares in the company to keep it under their control.

 

[YOUNG_TRADER]

does newcrest have any projects in PNG? "Newcrest can apply its skill base as the operator of large-scale, low-grade operations" sounded like either FNT or MGO, at this stage is more like MGO as FNT hasn't even submitted any thing to newcrest yet. bt can be anyone really depending on the price.

Get your facts straight guys,

Newcrest want a large low scale Copper/Gold deposit not Copper/Moly

MGO = Copper/Moly

FNT = Copper/Gold

So only one of these is a candiate for a Copper/Gold acquisition, not saying it is FNT but its not MGO!

 

[mick2006]

hey guys have been away from the computer all morning, just wondering if after the large order was filled at 13c was it straight away replaced by another large sell?

So was it anyone from ASF that bought the 500k chunk, if so welcome to the club!

 

[INORE]

hmmmm...if i was a large company with some spare cash and was eyeing of a smaller company or companies for a JV or some sought of offer on their assets....would I have the business savvy to keep capping the price of my target until a deal was made????

 

[rico01]

hey guys have been away from the computer all morning, just wondering if after the large order was filled at 13c was it straight away replaced by another large sell?

So was it anyone from ASF that bought the 500k chunk, if so welcome to the club!

Yes the order was replaced about 3 or 4 mins after with an order to sell 477000 How many more can they drop onto the market

 

[vert]

mick i think it took about 10 min for the next large sell order to be placed, dont know how long they can hold this up. pretty good buying strength on a big down day.