LNR - Lanthanein Resources

[Ken]

A LOT OF STOCK CHANGING HANDS!!! in my analysis would be more buys than sells at .13

I put a bid in a .13 yday and it got snapped up in a second.

A lot of money has poured into FNT at the current price, reminds me of CQT before it launched. Resource upgrade is vital, as it changes the stocks fundamentals completely.

 

[motion]

Good news all around... come big orders sitting at 13c but nothing moving into the 13.5c range just yet... Lets hope it builds some interest over night...All in all good news on the front line for FNT.. now just need to review the ann in detail....

 

[chicken8]

FNT IS GREEN!! GREEN I TELLS YA!!

so yeah. 13.5c range now. lets hope it stays above 13c for the rest of the week and then we'll see how high we can go on monday's announcement

 

[motion]

Why would some one come in and sell at 13c at the end of the day with the ann that just came out... this is not making any sence to me...of course this will not finish in the green if it go's through....

 

[prawn_86]

yeh strange things are still happening.

I dont have a very detailed depth graph, but it looked like there was about 500000 at 13.5 when 13 was broken.

could it be the capper selling a few off at 13 to keep the price there for tomorrow?

 

[chicken8]

did you guys just see that?

the 5000 at 13.5c buy went upto 25000 whilst the sell at 13c went down to 20,000

then the 13.5c buy went down to 5,000 again and the 13c sell disappeared

WTF IS GOING ON?!?!?

 

[motion]

Why would some one come in and sell at 13c at the end of the day with the ann that just came out... this is not making any sence to me...of course this will not finish in the green if it go's through....

Well looks like they have now removed it from the sell side... something very strange going on here...Now nothing has gone through... seems we might be in the green.... some one with some high amount of shares must be playing games...

 

[questionall_42]

Why would some one come in and sell at 13c at the end of the day with the ann that just came out... this is not making any sence to me...of course this will not finish in the green if it go's through....

Problem with micro caps is that one tick (i.e. 0.5c) can translate into a decent profit for a day trader. So, it is very plausible that there are some traders who have managed to pick up shares for 12.5c offloading some at 13c for a nice safe profit.

 

[motion]

did you guys just see that?

the 5000 at 13.5c buy went upto 25000 whilst the sell at 13c went down to 20,000

then the 13.5c buy went down to 5,000 again and the 13c sell disappeared

WTF IS GOING ON?!?!?

Yep I caught that lound and clear... I was watching it like no tomorrow...atleast it finished in the green... but I hope they are not going to cap it over the coming days other wise it will go no where....

 

[Caliente]

quick question for FNT holders/perusers,

- will ~0.4-0.5% remain an economic grade if Cu potentially falls back to $2 or $1.50 per lb?

edit - the capper action is intriguing, one has got to ask why let go of so many shares in a stock with this much near term potential?

 

[chicken8]

heres a theory. hope someone can understand it.

perhaps the seller at 13c with 40k shares was hoping a current FNT holder would try to keep FNT in the green by putting in buy order of 45k shares.

at which point the seller will increase the sell to 80k. hoping the buyer would increase his bid to 80k+

and he'll keep doing it until 4:12pm at which point he'll cancel his sell order and the buyer would have taken a big chunk out of the current sell order at 13.5c

am i making any sense?

 

[nioka]

Why would some one come in and sell at 13c at the end of the day with the ann that just came out... this is not making any sence to me...of course this will not finish in the green if it go's through....

Between 4PM and 4.10PM there is an "auction". If there are more buyers at 13.5 than sellers at 13 then the price will be 13.5. It is a way of "jumping the queue. Same happens before opening.

 

[mick2006]

hey guys quite a few of you have been Private messaging me and asking my take on the announcement and the trading of shares in FNT.

Like I have been telling everybody that the most important thing that this announcemnt today has acheived is that there is now 415k on the buy side at 13c it seems to have broken the sellers resistance now because there was a perfect chance to sell down more at close and they didn't. What it has now acheived is giving FNT a launching pad towards the release of the Resource Upgrade which was always going to be the major driver of the shareprice anyway.

As to the announcement itself was as expected large depth hit with moderate if not spectacular grade.

Having conversed with Peter McNeil on a regular basis and everytime he has stated an announcement date he has delivered, I am very confident from our discussions that the upgrade is going to be very significant to the point the market will have to sit up and take notice.

For those concerned by the lack of shareprice movement don't be, remember the market was down as a whole, the announcement was released only half an hour before close not giving traders enough time to trade the news.

As for the resource upgrade Peter is sending it to the ASX friday so they have plenty of time to read over it, so the announcement should be on a screens very early monday morning giving the traders plenty of time to drive FNT all day.

Importantly Peter is presenting on the Gold Coast over the next two days giving a whole new audience the chance to hear the FNT story.

Also Rob McNeil is giving a European Roadshow starting later this week could hopefully draw some more institutional support.

And finally this the just the beginning for FNT and those asking if I am thinking about selling at this time.

No Way In Hell!!!

 

[UPKA]

quick question for FNT holders/perusers,

- will ~0.4-0.5% remain an economic grade if Cu potentially falls back to $2 or $1.50 per lb?

it really depending on the tonage, and cost of production, alot of things have to be considered before the start of the development. so i guess its not a simple yes or no answer.

 

[Caliente]

Ok, here's a bit of a gauge in this regard. Ok Tedi mine in PNG is a well established player in the region for just over 25 years now by a little company called BHP.

I think a company with this kind of expertise will have cost efficiency down pat over 25 years.

As of 2006, Ok Tedi production cost per lb of Cu is $US 0.86 for the year at a grade of 0.9% Cu.


[Source: http://www.inmetmining.com/site/Inmet_129/pdf/2006_Annual_Report_Ok Tedi.pdf
Page 56]

Let's forget about the infrastructure required to bring copper heap leaching etc. to reality for a moment.

The lower grade will undoubtedly have a greater cost of production, but how much is anybodies guess.

For discussion sake I will add to 0.86;

+50% for half grade copper (have to physically mine double the ore for the same output. Could have added 100% theoretically, but that is unfair as economies of scale will kick in)
+10% for BHP's expertise that FNT do not have in terms of cost efficiency in mining.
+2% as general costs of production, i.e. labour are rising in the region, as per Ok Tedi report.

0.86 x1.62 = $1.39 per lb.

At $2/lb or less will the margin still be economic?


Thats what I'm pondering, and am open to all discussion.

 

[questionall_42]

Ok, here's a bit of a gauge in this regard. Ok Tedi mine in PNG is a well established player in the region for just over 25 years now by a little company called BHP.

I think a company with this kind of expertise will have cost efficiency down pat over 25 years.

As of 2006, Ok Tedi production cost per lb of Cu is $US 0.86 for the year at a grade of 0.9% Cu.


[Source: http://www.inmetmining.com/site/Inmet_129/pdf/2006_Annual_Report_Ok Tedi.pdf
Page 56]

Let's forget about the infrastructure required to bring copper heap leaching etc. to reality for a moment.

The lower grade will undoubtedly have a greater cost of production, but how much is anybodies guess.

For discussion sake I will add to 0.86;

+50% for half grade copper (have to physically mine double the ore for the same output. Could have added 100% theoretically, but that is unfair as economies of scale will kick in)
+10% for BHP's expertise that FNT do not have in terms of cost efficiency in mining.
+2% as general costs of production, i.e. labour are rising in the region, as per Ok Tedi report.

0.86 x1.62 = $1.39 per lb.

At $2/lb or less will the margin still be economic?


Thats what I'm pondering, and am open to all discussion.

Credits for moly or gold could provide respite and prove the bonanza. Freeport's huge copper/gold deposit in Papua, Indonesia works on the basis of the cost of production of copper is negative 7c / pound. There is some super high grade ore there... ... Another example is in 2005 Rio's Kennecott Copper in Utah altered their mine plans (significantly) to mine more moly which had increased 10X that year. Still, point holds - by-products can prove incredibly profitable.

 

[mick2006]

as YT rightly pointed out previously ELO which has the potential to be 6 times the size of KODU is only 20km from the KODU deposit.

And if you go by the companies website/powerpoint presentation they have taken soil geochemistry samples at ELO and expect the grade to be higher at around 0.8-1.0% copper eq.

So any development in the area is likely to be based at ELO using the KODU ore as feed.

So the focus on the average ore grade at Kodu may prove to be insignificant.

Plus the recent results were not from the higher grade core.

As previously stated the average grade is 0.52% copper eq.

 

[mick2006]

Just wondering if anyone has been keeping track on the volume of shares that have changed hands over the last 3 weeks?

And of more importance the number of shares traded at 13c or more?

 

[Caliente]

Good point about credits providing respite.

Just applying value to credits for the latest hole results, I'll report the best grading for each metal from any hole;

Moly - 74 ppm (or 0.0074%). 4th June ann included a Moly hit of 105ppm, so we can use that if you'd like.
Gold - 0.39 g/t
Silver - 1.5 g/t


From my discussion with Azureus Minerals MD, you'd need at least 0.05% moly (500ppm) to justify an operation.

With regards to gold and silver, I'm not so sure about the gold (is it heaped the same way and just comes out as a pure credit. from my vague year 12 chem knowledge, gold processing requires cyanide, not sure if they use that in copper processing), but silver at 1.5g/t is definitely subeconomic.

Point: do we include these unamazing polymetallic results as real credits?

 

[cavka]

Hi guys,

I was wondering if anyone had some specific information about Peter's presentations on the Gold Coast tomorrow. Thought I read some info the other day but can't seem to find it now. Wouldn't mind going along for a look if its convenient.

Cheers