LNR - Lanthanein Resources

[mick2006]

FNT is looking very strong it has broken through the long term barrier at 13c and is setting up nicely for the resource upgrade on Monday.

Remember this is just the first steps for FNT plenty of potential yet to be uncovered.

With the wider market now knowing about the resource upgrade on Monday, wouldn't be surprised if it ran pretty strongly into the close Friday in anticipation of very good results.

Also very promising volume today, it is helping blow through some long term stale holders how have been capping the rise.

For all those chartists out there would be interested to hear your expert analysis!!

 

[Pat]

There seems to be more talk about market manipulation than talk about the companies business on this thread.. sounds like "reds under the bed". I think some of the posters are getting paranoid and reading much more into the trading that there is in fact.

Nokia agree, however it is interesting to read peoples thoughts on the recent price action. The hardest thing in life is waiting

 

[mick2006]

good to see the constant stream of buyers snapping up everything on offer up to 14.5c. Very positive that the gaps have been filled all the way down to 11c on the buy side. Which is offering fantastic support and a very strong platform for the next up-leg.

I don't know how everyone else feels but if the key resistance level of 15c was to fall before close tonight it would be set up nicely for a strong run into the resource upgrade on monday morning.

 

[Caliente]

ok - so I've done it. For better or worse, got myself a piece of FNT at the 14.5 mark, should have bought yesterday in hindsight but wanted to see the back of the capper at that level. Worth a hold till Monday at the very least!

 

[mick2006]

wow what a late charge there were some massive buy orders over 15c. It was also very interesting that the continued sell down died off over the last hour, could we finally be rid of the shackles.

Massive volume 9.2 million changing hands

I am not a chart analyst but would be interesting to hear from some chartists to see if it is now classified as a technical buy. Because if the chart based buyers were to join in with the fundamental based buyers who know where we could go.

Then we have the added exposure from the FNT presentation on the Gold Coast and the European Roadshow.

If the US markets hold firm overnight there might be some renewed buying heading into the weekend and the resource upgrade.

Would be interested to hear if any holders took the chance to book some profits today?

As for me there is no way I'm a seller at these levels too much potential!!!

 

[INORE]

wow what a late charge there were some massive buy orders over 15c. It was also very interesting that the continued sell down died off over the last hour, could we finally be rid of the shackles.

Massive volume 9.2 million changing hands

I am not a chart analyst but would be interesting to hear from some chartists to see if it is now classified as a technical buy. Because if the chart based buyers were to join in with the fundamental based buyers who know where we could go.

Then we have the added exposure from the FNT presentation on the Gold Coast and the European Roadshow.

If the US markets hold firm overnight there might be some renewed buying heading into the weekend and the resource upgrade.

Would be interested to hear if any holders took the chance to book some profits today?

As for me there is no way I'm a seller at these levels too much potential!!!

yeah mick...one minute i looked there were around 5 million trades then the next there was the 9.5 million trades....

i had a sell order in for 18.5 but based on todays performance i have withdrawn that order.

 

[Spaghetti]

Appreciation to Mick and YT, and others for keeping us informed and bringing this to our attention. It has been an excellent day all round for the market, a treat to see a sea of green with Frontier in amongst it all doing serious business.

I can't see why it should not go further with good announcements, though where is always the big question.

I think it will be one to monitor closely for the next few busines days to see how it settles and how the market values it.

 

[mick2006]

I would also like to give YT a big thanks because if it wasn't for him, I certainly wouldn't have taken a deeper look into FNT.

Cheers YT

 

[Sean K]

I am not a chart analyst but would be interesting to hear from some chartists to see if it is now classified as a technical buy. Because if the chart based buyers were to join in with the fundamental based buyers who know where we could go.

I'm definately no expert but I think that .155 is the resistance. It hasn't closed higher since Oct 06, I think. The past 6 months it's spiked to 16, but has pulled back. A 'breakout', as far as I can see, is an EOD hold at 16+, and then a retest of .155 to confirm the break. I wouldn't be happy to classify this as a break until it has done this, considering it's past 12 months of trading. Whether it's a technical buy or not when that happens is up to the individual punter.

 

[Caliente]

What more could you want really. Todays action makes FNT my kind of stock. Impressed by the heavy buying into what has been incredible selling pressure, loads of announcements to come short term, investor presentations and a close at high.

The gap is a concern, but I get the feeling we might not need a fill given current momentum + volume.

edit - a nice little hammer there from yesterday, should have picked that up earlier.

double edit - I am no T/Analyst, Kennas work ur magic o this one with the lines please =) !!!

 

[Boyou]

Looking good. On the subject of the Gold Coast show .I live in Bris ,so can take advantage of going.Anyone else from the area going?

Daguilar Gold's Nicholas Mather is speaking as well as Fronteir's Peter Mcneil.

Those are the companies that I have particular interest in.,but many others on the bill.

For more info you can check the website www.verticalevents.com.au.

Cheers Ya'll

 

[Ken]

Well for those how got in at 12.5 and 13 well done, it reminded me so much of the way IGR went about it, and the constant volume, and expected big news is just great. The speculation leading into monday is what I reckon has cause the movement...up to 15.5 close.

16 cents and we are off to the races I believe. It will bring in a different bunch of traders, that trade break outs.

If we get some press in the Fin review that could be handy. Who knows? The speculation of monday, could push the stock like last time but its all a guessing game.

My advice is know your game plan, ins and outs, for if it does run write them down, so when the music stops you have a seat.

 

[Pat]

I'm definately no expert but I think that .155 is the resistance. It hasn't closed higher since Oct 06, I think. The past 6 months it's spiked to 16, but has pulled back. A 'breakout', as far as I can see, is an EOD hold at 16+, and then a retest of .155 to confirm the break. I wouldn't be happy to classify this as a break until it has done this, considering it's past 12 months of trading. Whether it's a technical buy or not when that happens is up to the individual punter.

Kennas,
What do you mean by "is an EOD hold at 16+"?

Also, what does every make of this MEGA volume? A **** load of shares traded in the last 3 weeks or so. I have no idea ?!?

 

[prawn_86]

EOD = end of day.

i too am also interested on hearing ppls opinions on the volume over the last few weeks.

 

[Sean K]

Kennas,
What do you mean by "is an EOD hold at 16+"?

Also, what does every make of this MEGA volume? A **** load of shares traded in the last 3 weeks or so. I have no idea ?!?

Sorry Pat, acronym for End Of Day. Breakouts intra day are less valid than EOD for some reason. So, it needs to hold at 16 or above for it to be classed as a 'breakout', IMO. Then, since it's been in a range for so long, I would like to see it test .155 and bounce off it for confirmation of the break. Sometimes this doesn't happen but it's another factor to consider when judging 'breakouts'. Others might think differently though.

A good example of a breakout through resistance and then resistance testing the break and becomming support, thus confirming the break is this:

 

[Pat]

End of day, how about that! Thanks Kennas
Well not many opinions on volume so far, maybe volume alone means nothing more than interest growing in a stock, for whatever reason. I suppose we could say the current volume is due to the upgrade due shortly???????????

 

[mick2006]

hey Pat, I think that it is a case of more investors discovering the potential of FNT that is leading to increased volume.

Also money usually flows into shares that have constant newsflow, and FNT is now entering that phase where there will be drilling updates every couple of weeks, so there is plenty of news which is what drives these smaller companies.

For those interested the buying is continuing in Germany with FNT up by 12% earlier.

 

[Pat]

hey Pat, I think that it is a case of more investors discovering the potential of FNT that is leading to increased volume.

Also money usually flows into shares that have constant newsflow, and FNT is now entering that phase where there will be drilling updates every couple of weeks, so there is plenty of news which is what drives these smaller companies.

For those interested the buying is continuing in Germany with FNT up by 12% earlier.

Heaps of investors there mick, but all those sellers/capper/whatever ready to part at 13-14 cents? I guess i've got a bit to learn.

 

[dj_420]

hey Pat, I think that it is a case of more investors discovering the potential of FNT that is leading to increased volume.

Also money usually flows into shares that have constant newsflow, and FNT is now entering that phase where there will be drilling updates every couple of weeks, so there is plenty of news which is what drives these smaller companies.

For those interested the buying is continuing in Germany with FNT up by 12% earlier.

hey mick what code does FNT trade under in germany? can you just access it through yahoo finance? cheers

 

[Pommiegranite]

here ya go mate : http://www.bloomberg.com/apps/quote?ticker=TG5:GR


not suite as stellar as here in Oz...but still accepatable

PG