LNR - Lanthanein Resources

[mick2006]

For those interested the latest Gold Coast investor presentation is now up on the company's website.

 

[mick2006]

I will always be the first to say I was wrong.

I had some doubts over the size of the upcoming Kodu upgrade on monday, I would have been happy for something between 140-160mt.

But after seeing the latest presentation Peter goes out of his way to point out the Upgrade is due on monday and also we highlighted the fact several times the objective was to double the resource.

So now we can safely expect the resource to be around 200mt, now it is just up to the market to decide how to react to the news.

Should be very interesting going tomorrow morning

 

[Ruprect]

For those interested the latest Gold Coast investor presentation is now up on the company's website.

Thanks Mick. Its a good powerpoint presentation. My reading of the tonnage estimate is that the presentation clearly states a number of times that it is the intention to "double the tonnage" and if the release is due Monday, then McNeil must have known the figure at the presentation on Friday.

So i would take from it that the resource should be at least double, and maybe a surprise on the upside of that. I wouldnt think that a recent presentation suggesting a doubling would then lead to an announcement under that figure. It would obviously lead to disappointment, therefore it wouldnt be mentioned so often.

The Marengo boys were predicting a resource upgrade to around 500mt, showcasing this figure in various presentations around the world. They then surprised with an upgrade to 660mt.

Im going out on a limb here to say that i think it will be a little over the doubling. Just my thoughts.

 

[surfingman]

Im going out on a limb here to say that i think it will be a little over the doubling. Just my thoughts.

I couldn't agree with you more, the last thing FNT needs now is any negative force on its share price. Talking up a report than delivering results lower than discussed would turn many investors away, = or greater than what is discussed can only bring more investors.

Presentation looks good thanks Mick, some great projects for the future both short and long term.

 

[Pommiegranite]

I wouldnt think that a recent presentation suggesting a doubling would then lead to an announcement under that figure. It would obviously lead to disappointment, therefore it wouldnt be mentioned so often.

Spot on Ruprect. I think FNT learnt an important lesson last year and now prefer to be conservative and cautious with their announcements.

As for the Gold Coast Showcase presentation, as I am long on FNT, I have to say that I am extremely impressed. One day I reckon we may look back on Kodu and laugh at how excited we were about one of FNT's smallest projects

• Bukuam, targeting 200-300MT of 0.8%-1.0% copper looks very tasty indeed
• Also, based of the soil chemistry, Oomargi, which seems to be a high grade copper deposit (>400ppm). I would like to know more about this.
• ..and then there's SMRV Tasmania, which is planed to be drilled from Jan08. I sense that this could possbily be FNT's biggest plays. Peter McNeil seems to mention this project a fair amount, has called it a possible company maker, and has just returned from a trip to Tasmania.

So much to mull over. Oh well, better stop, or I'll just be repeating McNeil's presentation.

One step at a time, lets concentrate on Baby Kodu

 

[mick2006]

Your spot on there PG, we could look back in the coming years and think why all the fuss over Kodu its just small fry

The most interesting thing that has changed in this presentation is the slide showing the sizes of the soil anomolies of Kodu, Oomargi, and Elo it also outlines the current resource for Kodu, they haven't even drilled the most prospective part of the deposit yet. Not sure the exact location of the upcoming drill holes but we could be looking at another substantial increase in August.

 

[kgee]

I can't agree more ...the way their presentation was stated would suggest they've already achieved their objective of doubling the resource
200+ mt....which would make their market cap 0.15% of in situ value
I'm not sure what % of in situ value would be appropriate for this resource in regards to the risk associated with it (KOKODU)
But you'd think anywhere between 0.5-0.8 % would seem reasonable?
Well spose it will all come out in the wash tommorro

 

[spottygoose]

for those interested the latest Gold Coast investor presentation is now up on the companies website.

Phew I am glad you have all read it on the website now, I was a bit worried I was going to be hung, drawn and quartered!

 

[djones]

How many options did Bell get in the placement and how many do you estimate they have dumped already? I think options will be lagging and hard to sell tommorow if you have a few and want to get out.

 

[Ken]

Did you guys read the presentation and pick up on page 6 that the inferred resource upgrade is due out on the 18th of July???

So according to that, are we looking at another month?? I was under the impression it was due out Monday. Maybe a typo.

18/7/07 or there is another upgrade...

 

[Ruprect]

How many options did Bell get in the placement and how many do you estimate they have dumped already? I think options will be lagging and hard to sell tommorow if you have a few and want to get out.

25 million shares, with 25 million free options allocated to clients of Bell Potter on 28 May. There were about 15 million optons traded on Thursday and Friday. They were sold into strengething buy orders, keeping the price at prior levels.

I would be astounded if most of the trade on both those days wasnt the Bell clients. Therefore, if the buy pressure continues tomorrow and i expect it to, it wouldnt take long to take most of them out. That is dependent of course on whether all of the "clients" are dumping their options. It may only be some of them.

In addtion, since being allocated the options on 28 May, they may have been progressively (but carefully) dumping them down, so they actually may not have many of them left.

Once gone, there is a good possibility that the sell depth will dry up considerably, leading to a very quick rise.

And re the resource upgrade, I think that is a Typo on Page 6. It refers numerous times through the document to 18 June. I think McNeil has confirmed this in his dealings with Mick.

 

[Pommiegranite]

Did you guys read the presentation and pick up on page 6 that the inferred resource upgrade is due out on the 18th of July???

So according to that, are we looking at another month?? I was under the impression it was due out Monday. Maybe a typo.

18/7/07 or there is another upgrade...

Ken...i reckon its a mistake.

The ppt is just a rushed rehashed version of the old ppt presnetation.

all set for Monday

 

[djones]

Copper keeps rising as China uses more
Published: June 15, 2007
http://www.iht.com/articles/2007/06/14/bloomberg/bxcom.php

Copper rose for a third consecutive session Thursday after industrial production unexpectedly accelerated in China, the world's largest user of the metal, and on speculation that strikes in Chile would disrupt supplies.

Nickel slipped while aluminum and zinc gained.

China's output increased 18.1 percent in May from a year earlier, the National Bureau of Statistics said Wednesday, after gaining 17.4 percent in April.

That beat the 17 percent median estimate of 19 economists surveyed by Bloomberg News.

Contract workers at the Codelco mine in Chile, the world's largest copper producer, plan to strike June 20, a labor leader said.

"This kind of production growth is positive for metals," David Thurtell, a London-based analyst at BNP Paribas, said. "Possible strikes in Chile are also helping."

Copper for delivery in three months on the London Metal Exchange gained $123 to $7,321 a metric ton.

The metal used in power cables and wiring has dropped 10 percent since trading at an 11-month high of $8,335 a ton on May 4.

Inventories tracked by the LME fell for a 19th consecutive session, slipping 0.7 percent to 119,075 tons, the exchange said. That is the lowest since Oct. 23.

China is increasing domestic production to meet rising demand. China, the world's most populous nation, increased copper output 17 percent in May from a year earlier, to 278,000 metric tons. That beat the previous record of 274,000 tons in April.

The planned walkout by contract workers at state-owned Codelco would hamper company output, said Cristián Cuevas, president of the Confederation of Copper Workers, a group representing contract employees. The workers are demanding more pay.

At Doña Inés de Collahuasi, one of the largest copper mines in Chile, workers will not return to talks unless the owners, Xstrata and Anglo American, submit a new wage offer, said Pedro Díaz, the treasurer of a union.

 

[motion]

Ann out -- headlines read "88% tonnage increase in Kodu Inferred Resource "

Great to see it's out early this morning just waiting for report to be released.....

 

[rico01]

88% increase in tonnage at kodu inferred resource thats the announcement
Will that be enough to get the ball rolling

 

[Fool]

203Mt @ .47% Cu equiv.

The more interesting part is where he says they beleive there is another sector at Kodu which will add significant amount more to the 203Mt.

That, and they will have the drill results within 6 weeks.

 

[Fool]

Also states that the 203Mt exceeded the 200Mt hurdle, and should be enough to move the mine into production.

This, thrown in with the increasing price of copper is VERY good news for FNT.

 

[UPKA]

what we need now is ppl to get out of their bed n read the annoucement, even better if we get a mention in the financial reviews! wat this company really lacking is publicity, i guess thats why the directors r doing roadshows in europe and around the country.

PS my etrade isnt showing the ann yet, anyone else having this problem?

 

[rico01]

you can get a link to the ann here www.asx.com.au/index.htm.
On this page there is a box with price sensitive announcements, just scroll down to you find it at 8.36 am.

 

[chicken8]

i think UPKA has read the announcement. but he's wondering if anyone else is having the same problem. cause he wants more potential buyers to see the announcement