This is a mobile optimized page that loads fast, if you want to load the real page, click this text.

LNR - Lanthanein Resources

Jump to new
According to this report....its not FNT that Newcrest want.

I reckon it would have been to early for us FNT holders to get full benefit from a takeover.
 
interesting to see that the seller took a little while to come in with the sell order and it wasn't as big this time below 500k if only just. Maybe we might just be close to seeing the end of the sell down, capping or whatever the hell is going on.

Like I said before even if it turns out not to be FNT in Newcrests sights, take comfort that they are asking for data sets on the PNG projects, on top of the perceived Chinese interest in the Pacific Region including PNG(from Bloomberg Report).

As a few members have been saying perhaps it is too early for FNT to seek JV's as they don't know exactly what they have yet themselves. And they certainly will be able to present a stronger case when the time comes if they have 500mt + in the resource bank.

I get the feeling that Peter and FNT are not pursuing JV's etc but have been approached from several fronts and are deflecting the interest untill they know more about the projects ( that is my opinion anyway)

Would be interested to hear what the holders think?

Is it too early for a JV or sale of any of the projects?

Should FNT be pursuing their options in regard to ownership of there projects?
 
I believe that after a resource estimate is established the company could be in a great position to sell a property off if the price is high enough.

FNT said a JV is not is their best interest at present and they are going to put together a data set to send to Newcrest wouldn't this mean purchasing either land or a share of FNT?
 
I think at present we are getting into FNT at rock bottom prices, for the fact that they are just at the beginning.

In my eyes, FNT is at the start of the rainbow.

If you were to draw a timeline for FNT, it begins now.
 
looks like fiji is the target for ncm.thats the way the cookie has crumbled.man.pmo----still holding and will continue
 

Regarding FNT's position on JVs, I quote an email from Peter McNeil which I received on Monday:

"We are seeking JV partners, but not rushing to accept any. In many ways it is the reverse of their normal ‘tyre kicking’. This policy is the same as it has been since listing. We have a large tenement portfolio and once the ELAs are finally granted in PNG (very soon I hope now) it may be ultimately fiscally too much for us. We are however planning on keeping what we feel has the best potential to move Frontier forward for short and longer term potential."
 
henry vanderhave said:
looks like fiji is the target for ncm.thats the way the cookie has crumbled.man.pmo----still holding and will continue
Click to expand...

LOL henry, bit off topic here but when I first saw your avatar I almost mistook you for snake - he's another ASF member. Was very surprised he'd be interested in small caps like FNT! LOL
 


I'm guessing some of the big boys have managed to obtain a few details of the upcoming Inferred Resource report, and didn't particularly like what they saw.

Sadly (for us small guys) this kind of thing happens quite frequently and there isn't a hell of a lot the ASX can do about it.

Fingers crossed I'm wrong of course.....
 

what you are eluding to is insider trading, and although it does happen if news had leaked and was not good there would be a lot more downside pressure than there currently is.
 


Hi PBH,

From all the dealings I have had with Peter he seems very confident that the resource upgrade will be substantial to the point the market will have to sit up and take notice.

So it doesn't seem to fit in with a major holder selling down, and when I quized him he stated that no major holder was selling down, do to the lack of a change of substantial holding notice.

As we fast approach a long weekend our little battler FNT has coped very well in the face of a world wide selloff, and if it wasn't for the constant replacement of large sell orders at 13c would probably be a little higher heading into the weekend.

We now can turn our focus to the upcoming Kodu drilling results due early next week, with Monday a public holiday the news should be out either tuesday or wednesday.

It should give us a better indication of the magnitude of the upcoming resource upgrade.
 

ACCording to last years annual report the only people with a holding large enough to hold the price down like they have is ANZ ltd with 16 million shares whether that has changed now. However sice the entitlements issue there is bellpotter and clients with 25 mill,& 2 parcels of 4 mill that were allotted on the 20th and 23th of may to take up some of the shortfall so only time will tell how many more shares they have to unload on us.
 
I think we should all stop stressing so much about the short term capping, if it is even capping. FNT has been ranging in a tight range of late, and someone could quite easily make some money by buying at 12.5 and selling at 13 cents. This strategy could make over $2k by doing this, not bad for a couple of hours/ days work. There is a couple of weeks to go to get some more drilling results, till then everyone should sit tight.
 


Does anyone know as to when these licenses lapse?

I can't seem to find this info on the FNT website.

Thanks
 
Are these the same McNeil,s that are involved with Macmin.If they are it would be interesting to see how long between discovery and mine up and running.
 
Haven,t got any dirt but just seemed to take forever to get macmin up and running.I am still not sure if there got silver coming out the ground now ,but this goes back 10 years ago.
 
you have to remember the main driving force behind FNT is not when they are going to mine anything out of the ground, it is defining exactly what they are sitting on. It will be at least 2011 before they can get such a large tonnage mining operation up and running.

There will be alot of money to be made holding FNT shares based on the newsflow regarding drilling and resource upgrades, not just waiting around for them to start digging copper out of the ground.

The McNeils have a very good record in finding and defining large resource bases. I remember reading that they were responsible for some huge Gold deposits in WA (will try and track down the details).

What you will find is that FNT will spend the next couple of years defining exactly what they are sitting on and then decide what is in the best interests of the company going forward (eg. selling off individual projects, JV's, or development by FNT).

The most important thing to remember is the resource drilling is the shareprice driver not the timeframe till mining. The shareprice will move with the drill results and how GOOD/BAD they are!!!
 
the following is taken from the Frontier website


Peter A. McNeil – Managing Director

Mr Peter McNeil, B.Sc. (1982) and M.Sc. (Geochemistry-1985) - University of Houston, has over 24 years professional corporate, managerial and exploration industry experience in Papua New Guinea, Australia, U.S.A. and Canada. He is a member of the Australian Institute of Geoscientists, the Society of Economic Geologists, the Society for Geology Applied to Mineral Deposits, the Society of Resource Geology and the Australian Institute of Company Directors.

Mr McNeil has extensive exploration and program management experience in Papua New Guinea (including the Lihir gold deposit), Tasmania and has worked in Western Australia's NE Goldfields where he was consultant site geologist on the ‘discovery' holes of both the Nimary (Eagle Mining) and Sunrise Dam (Delta Gold) gold ore bodies, that became the largest and second largest pure gold discoveries in Australia during the 1990's
 
Mick,

I'm trying to get an idea of the capex involved in contructing a mine at Kodu. I'm aware that a lot of the resource is close to ground level, but are we talking 1 billion AUD, like the numbers being put forward on the MGO thread.

MGO have an estimated 600 million tonne + CU resource and its still up in the air whether a mine would be feasible even at this resource size.

With Kodu having anywhere between 100-200 million tonnes, as you can see the capex will be crucial in determining as to whether FNT can attract investors.

I'm aware that FNT have other projects, but this is irrelevent as each would require its own mine.

Please put me straight
 
I think that we dont know how much it will cost to develop a mine. The money that is being talked about on MGO thread is just speculation. We dont know what it will cost until they do the study.

The real question is whether there will be a long term demand for copper/gold/moly etc, and i think the answer there has to be yes.

Its quite probable that FNT will define a greater resource, and that will then prove attractive for a takeover/JV.

The chinese will certainly be interested in major resources where they can secure a long term supply. MGO and FNT both fit this category.

I think we are getting slightly ahead of the game to be looking at mine development. The value in FNT and MGO in the immediate future lies in the resource. With the market cap of both of them so low, its hard not to see a good buying opportunity.
 
You must log in or register to reply here.

Similar threads

ORD - Ordell Minerals
Replies
8
Views
2K
Dona Ferentes
CGR - CGN Resources
Replies
7
Views
3K
Dona Ferentes
  • Article
The Financial Future is Hybrid: Crypto’s DeFi and TradFi Blend
Replies
1
Views
1K
Dona Ferentes
  • Article
Resources for Systematic/Algorithmic Trading
Replies
12
Views
2K
Richard Dale
2025 Full Year Stock Tipping Competiton
7 8 9
Replies
177
Views
13K
mullokintyre
Menu
Log in
Register
Cookies are required to use this site. You must accept them to continue using the site. Learn more...