LNR - Lanthanein Resources

[UPKA]

FNT has hit the top for a while and is going to retrace hard, get out while you still can, dont listen to day trading rampers on this board. SELL and take your profit, then rebuy in a few days if you like the fundamentals. dont risk losing your money and get out while theres still a bit of buy depth left. (Currently 23c)

umm DJ no advice here... i've sold mine, and dont expect any more ann till end of next mth, so letting the market cool off a lil

 

[chicken8]

djones. i can see an imminent retrace also. what price would you expect it to fall back to?

i suspect that the 20c mark or lower could show itself again in the coming days and weeks

 

[Craze0123]

IMO it wont retract, the reason i think its not doing as well as it should be today is the Mats sector is down ~32 points.

I think this baby will be moving up for a while....(hopefully) ;D

 

[UPKA]

IMO it wont retract, the reason i think its not doing as well as it should be today is the Mats sector is down ~32 points.

I think this baby will be moving up for a while....(hopefully) ;D

if u look at the volume, the last few day's trade is probably all of the stocks availalbe, that would be mean most holders have sold out, and day traders r moving in. its abit over heated atm, it will pull back a lil, bt js how much.

 

[Stimpy]

FNT has hit the top for a while and is going to retrace hard, get out while you still can, dont listen to day trading rampers on this board. SELL and take your profit, then rebuy in a few days if you like the fundamentals. This is definitely going down so dont risk losing your money and get out while theres still a bit of buy depth left. (Currently 23c)

Isn't this blatant downramping?

By my reckoning, on fundamentals alone, if you compare the market cap to the inferred resource the ratio is exactly the same as it was before the announcement - and still significantly undervalued at around 0.25%. There's no reason for it to retract except for trigger happy traders trying to make a quick profit (and downrampers trying to get in).

I'm holding - Do Your Own Research!

 

[trader]

I thought the same when they were 18 cents, still waiting for the retrace.
These might even go high yet, if they don't finish below 23 cents today then
tomorrow might be another up day.

 

[Ruprect]

I guess this is a techincal question..then again, maybe it isnt.

33million shares traded thus far today, all at 22.5 or above, with the vast majority well above that, in the 24-25c range.

So thats a quarter of the shares on offer bought above 22.5cents. I cant recall how many the directors etc hold.

Will this amount of shares held now at a buy price at 22.5 or above provide some short term support for the sp?

 

[UPKA]

Isn't this blatant downramping?

By my reckoning, on fundamentals alone, if you compare the market cap to the inferred resource the ratio is exactly the same as it was before the announcement - and still significantly undervalued at around 0.25%. There's no reason for it to retract except for trigger happy traders trying to make a quick profit (and downrampers trying to get in).

I'm holding - Do Your Own Research!

yes, there is no doubt the stock is undervalued, bt its not gonna jump to its real value overnite, it takes time, and during these times u'll see the normal cycles in a stock. bt i think the market has settled today, now is trying to determine its value by the market. so we wont prob see much more upward movement till the next ann.

 

[djones]

Well sorry if its down ramping but I wont be buying into FNT again I was just thinking alot of new people to stock broking may forget to sell and take there profits and when you look at sell depth vs buy depth it looks as though alot of daytraders have sells ready. If they dont sell near the end of the day they may just change there sells to "At Market" if they do it may retrace to 18.5c/19c, all IMO and people can do as they choose but if I were holding fnt now I would definitely be looking to sell out before a late afternoon rush of day traders selling out. Volumes over last 2 days just a bit worrying for me, all upto your own trading plans though.

 

[djones]

Will this amount of shares held now at a buy price at 22.5 or above provide some short term support for the sp?

Or they were bought buy day traders/techincal traders who know nothing of the fundamentals of this company and may close there position at the end of the day for a loss as its there trading strategy.

 

[UPKA]

Well sorry if its down ramping but I wont be buying into FNT again I was just thinking alot of new people to stock broking may forget to sell and take there profits and when you look at sell depth vs buy depth it looks as though alot of daytraders have sells ready. If they dont sell near the end of the day they may just change there sells to "At Market" if they do it may retrace to 18.5c/19c, all IMO and people can do as they choose but if I were holding fnt now I would definitely be looking to sell out before a late afternoon rush of day traders selling out. Volumes over last 2 days just a bit worrying for me, all upto your own trading plans though.

yeah i agree, looking at the depth, it looks like we r on the edge of a pull back, bt then u'll never know, if couple of big buy orders come in, it'll change all buyers perspective.

 

[Awesomandy]

Fundamentalists will continue with their own research, and, as a guess, they probably won't be selling and won't be worried about a short-term fall in price. Then, there are the day traders who will just keep buying and selling anyway. So, we'll just let them do their thing, and everyone's happy.

 

[Sean K]

Isn't this blatant downramping?

By my reckoning, on fundamentals alone, if you compare the market cap to the inferred resource the ratio is exactly the same as it was before the announcement - and still significantly undervalued at around 0.25%. There's no reason for it to retract except for trigger happy traders trying to make a quick profit (and downrampers trying to get in).

I'm holding - Do Your Own Research!

I think saying something is 'definately going down' is crossing the line. There is no sure thing in the market, and any statement giving direction of a stock needs to be accompaied by some valid reasons. Perhaps the day traders having jumped on this and the buy side drying up has some validity. I have been watching it myself, and this has occurred, but who's to say that buyers won't come back in this afternoon. Looks like plenty of profit taking happening now. I provided a general warning on this this morning.

Please guys keep it objective and provide as much detail and analysis as reasonably expected to back up your statements.

Cheers.

 

[henry vanderhave]

Hi guys.My method because so many retract after a run,is,if possible to take out my original stake and let the free carried profits run.Strait out of Kiyosakis trading suggestion.Today ive been able to do this and now hold a nice parcel of free oppies.Works for me.Keep the faith.

 

[barrett]

FNT gets some press coverage... on PNG Newsnet
http://www.pngindustrynews.net

Frontier cranks up Kodu resource *UPDATED*

Tuesday, 19 June 2007

PERTH-based explorer Frontier Resources has announced an 88% increase upgrade to its inferred resource estimate at the Kodu copper deposit in PNG to 203 million tonnes at 0.47% copper equivalent.

"The revised inferred resource has exceeded the 200 million tonne hurdle, indicating it could have the critical mass to move towards production," said company managing director Peter McNeil.

"A scoping study will now commence to evaluate possible development paths forward and requirements for continued exploration."

He added that the next round of work should upgrade a substantial portion of the inferred resource to indicated status, paving the way for a pre-feasibility study.

The new estimate, which is consists of grading at 0.28% copper, 0.32 gram per tonne gold and 73 parts per million molybdenum, is based on drillhole assay data from nine new holes.

Frontier has also identified a higher grade core running the length of the deposit that could provide the basis for a starter pit.

Meanwhile, the company said assay results from the third grid-based soil sampling program at its Bukuam gold and base metals prospect had increased the length of the anomaly by more than 150% to over 4.8km.

McNeil said the increase "reflects the significantly enhanced prospectivity for the discovery of a 'world class' copper-molybdenum-gold deposit".

Frontier added that misplaced soil, trench and rock chip samples from seven geochemically anomalous zones evaluated in January and February had been found and that assay results from the samples would be available soon.

It said the trenching, rock chip sampling and ground magnetic survey results are expected to enable a thorough evaluation of the area and provide good targeting vectors to in situ mineralised zones, with drill testing tentatively scheduled to start in the fourth quarter of this year.

Shares in the junior surged 14.6% or 3c to A23c this morning on the Australian bourse.

 

[trader]

I think this stock was pushed down on purpose so that someone could buy
somemore without having to pay too much, there are some funny sell orders
eg. @ 24.5 cents 400001 , 200003 sell orders- two lots of 500000 @ 26 cents

 

[kgee]

How convenient to lose some soil samples and then release them the day after a big announcement.I like the ways these guys do business
I just hope theyv'e got some other results lying around that they might be ablet to tell us about tommorro- kepp them coming Pete

 

[Frog]

Well sorry if its down ramping but I wont be buying into FNT again I was just thinking alot of new people to stock broking may forget to sell and take there profits and when you look at sell depth vs buy depth it looks as though alot of daytraders have sells ready. If they dont sell near the end of the day they may just change there sells to "At Market" if they do it may retrace to 18.5c/19c, all IMO and people can do as they choose but if I were holding fnt now I would definitely be looking to sell out before a late afternoon rush of day traders selling out. Volumes over last 2 days just a bit worrying for me, all upto your own trading plans though.

DJ - as a very new trader with limited experience and lots still to learn I appreciate your thoughts on the retrace. It can be easy (and dangerous) to become caught up in the frenzy, especially when the offer I put in was missed and quickly passed. With opinions from both sides offered in this forum it makes it easier make a head rather than heart decision. I might look to buy if things settle more as they appeared to have this afternoon with the price just before 4pm at 0.220

 

[prawn_86]

im a long term holder based on fundamentals and got in at 13c a week ago.

i am however, interested in the theory behing charting, but dont use that to invest.

was wondering if kennas could post an EOD chart for the last week or so and give us his opinions now. Am i right in saying there is a small gap that technically should be covered at some stage??

i repeat i have no idea with charting lol

 

[Sean K]

was wondering if kennas could post an EOD chart for the last week or so and give us his opinions now. Am i right in saying there is a small gap that technically should be covered at some stage??

i repeat i have no idea with charting lol

Well, I'm relatively new to this too Prawn, so feel free to research some charting/TA theory and smash me if you have a different opinion.

I recommend Chart School at Stock Charts for a start.

http://stockcharts.com/school/doku.php?id=chart_school

Obviously a significant breakout for FNT the past 2 days, and this can not keep going for ever. As far as gaps go, there are different types of gaps.

Gap - Breakaway: Breakaway gaps signal a potential change in trend and are especially significant when accompanied by an increase in volume. A bullish breakaway gap forms when a security gaps up after an extended decline. Bullish breakaway gaps can also occur after an extended base or consolidation period. A bearish breakaway gap forms when a security gaps down after an extended advance. Bearish breakaway gaps can also form after an extended top or consolidation period.

Gap - Common: Common gaps occur within a trading range or shortly after a sharp move as a reaction. These gaps do not signify the beginning or continuation of a move, but rather represent anomalies. For instance, if a security has declined 20% in a week and gaps up, it would be considered a common gap and not likely to signify a change in trend. Or, if a trading range develops between 20 and 30, and a gap forms in the middle, it is probably a common gap.

Gap - Continuation: A continuation gap forms in the middle of a move and in the same direction as the current move. These gaps signal a continuation of the preceding trend and can mark good entry points. After a short or intermediate advance, a continuation up gap is usually considered bullish and signals a renewal of the uptrend. After a short or intermediate decline, a continuation down gap is usually considered bearish and signals a renewal of the downtrend. This gap is also called a measuring or runaway gap.

Gap - Exhaustion: After an extended or long move, a gap in the direction of the current move is called an exhaustion gap. For an exhaustion gap to be considered valid, prices should reverse soon after the gap and close the gap. After an extended decline, a gap down could signal that the downtrend is about to exhaust itself. An exhaustion gap is confirmed when prices reverse soon afterwards and move above (or "close") the gap. After an extended advance, an exhaustion gap would be confirmed when prices reverse soon afterwards and move below the gap.

FNT has had two gap ups the past two days, and time will tell what sort of gaps these are. There probably needs to be some consolidation over the comming days (weeks) and I'd expect the gap up today to be filled. (this is a pluck - needs day traders to exit) The lower level of the gap should be support. So, possibly .205. Considering the % gains, I'd be surprised if it held exactly here though. So, I'd say this could be a common gap.

The gap up, from .155 - .18 may not be filled (I hope not ), and this is probably a breakaway gap, considering the strength of the break.



PS, these principles are just probabilities. Don't shoot the messenger.