Australian (ASX) Stock Market Forum

LNR - Lanthanein Resources

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i bought a whole heap of FNT @ 18.5C about 2 months ago.
now, it's 0.09 and i'm losing 5 figures (ie over $15k)
hard-earned cash. :(

the market has lost 700points in the last 6weeks, and i don't know whether to wait 2years or 3years now for this stock to break even.

bah.
 
I bought in at 13.5c and sold for 23.5 cents a while back. Then I bought in again at 16.5 cents, now its nearly halved. I'm very surpised at the volitility of the ASX, especially today with $43 billion wiped off the ASX200. I think people are panickiing and selling out of fear. If you believe in this stock, hold it, time rewards those who wait. I'm holding until she rises again, 18 - 20 cent range would be nice. I'd even go so far as to say that I think FNT is now undervalued.
 
quarky said:
i bought a whole heap of FNT @ 18.5C about 2 months ago.
now, it's 0.09 and i'm losing 5 figures (ie over $15k)
hard-earned cash. :(

the market has lost 700points in the last 6weeks, and i don't know whether to wait 2years or 3years now for this stock to break even.

bah.
Click to expand...

Quarky, just to make you feel better, i purchased 2 million oppies at 4c and they are now worth 1c, at least you can always offload if need be, unlike the oppies
 
Hey guys. The market downturn hurt everyone. But I dont htink itll take 2-3 years to brek even. Once the volatility is gone, the resource stocks will go up. A lot of good resoruce stocks have been loosing value despite good news coming out. Im just going to hold. In about 2 months time, everything will be back to normal (hopefully)
 
That probably means, it's worth buying in now 'in doom'...but i don't want to know how long it'll take to 'bloom'.
It's screwed up my plans :p: and financial noose got tighter.
 
up almost 20% today, nearly 30% at one point...
With the announcement due any day now (possibly tomorrow) for Elo hole EFD001 maybe we are seeing insiders buying up?
 
gregcourageous said:
up almost 20% today, nearly 30% at one point...
With the announcement due any day now (possibly tomorrow) for Elo hole EFD001 maybe we are seeing insiders buying up?
Click to expand...

Exactly what was going through my mind aswell Greg! This may be an indication on ELO results .... especially when FNT has been quiet for a while now.

Then again you never know .... SP movements have been quite confusing lately!! It was a very good day in general aswell.

I'm still in this one so i'm hoping its the former reason where something good is just about to be released
 
Anyone with greater geo knowledge care to summarise the points made in the ann? Hope it moves the SP upward.
 
Nyden said:
Anyone with greater geo knowledge care to summarise the points made in the ann? Hope it moves the SP upward.
Click to expand...

It is a pity this result hadn't come out when the SP was 25c but better late than never. It looks like it will be a slow climb back to profitability. My average price is13.3c so I hope to get out of the red at least with this announcement.
 
my average is 14.1c

i don't think anyone cares about this ann apart from the current holders

people are not going to buy on this ann. they're all waiting for elo.

lets hope that as the market picks up in the afternoon it'll take fnt with it
 
chicken8 said:
my average is 14.1c

i don't think anyone cares about this ann apart from the current holders

people are not going to buy on this ann. they're all waiting for elo.

lets hope that as the market picks up in the afternoon it'll take fnt with it
Click to expand...

Do you know when that is? I thought it was this week, & Andewa mid September....

Bah, 100 char limit
 
theres a drill result from 1 hole to be reported on this week

its due today or tomorrow but i suspect it will be delayed till thursday afternoon

hopefully its going to be a good grade so that theres going to be alot of spec buys on FNT due to the prospect of a high grade discovery at Elo
 
chicken8 said:
theres a drill result from 1 hole to be reported on this week

its due today or tomorrow but i suspect it will be delayed till thursday afternoon

hopefully its going to be a good grade so that theres going to be alot of spec buys on FNT due to the prospect of a high grade discovery at Elo
Click to expand...

Aye, thought so. Well, unfortunately my average buy-in was .18, my initial purchase was 12.5, but; I picked up a lot along the way. So, guess it's a fair wait for me to get back into the green :p:

I guess this announcement will at least help to build some positive sentiment again, & hopefully keep the price stable for a day or 2
 
Thanks all on the recent news. My average is around 15 so I'm also waiting on Elo results. This ann can't hurt that's for sure. Still can't figure out how long to hold on this one, but also won't be in the black for a little while anyway so have time to ponder...:(:(

Anyone want to have a stab at a price in 6mths time, 12 mths time......
 
Hi guys don't be to surprised if reward comes to the loyal on this one it,s been a bumpy ride but it sure sorts the **** from the clay when it comes to investors Patience doesn't come easy in times like this with the paper profits fluctuating like a feisty womans moods i feel FNT will stabalise now and then run hard on ELO with some very impresive early drill results cant wait for the news .
I am off to PNG next week so should be able to bring back some local goss and some good memories of the huge fish i am going to catch :D scored a few more oppies today couldnt help my self i think iam addicted to them:D:D
 
Hey has anyone put in any thought to the next Kodu upgrade? I'm not sure what all the last report means ie.
1. how many holes are to be added to the last model and
2. wether because 21 of the 25 holes drilled ended in mineralisation, that this information was somehow going to be intergrated into the next report as well?

Anyway the last hole was the best so far ( if I'm reading this correctly) and if you divide 200mil tonne by 25 holes you get an inferred resource of approx 8 million tonnes per hole...so is it just the one hole to be added? because this doesn't seem to be much of a % increase

On the other hand if theyr'e able to infer extra resources from the fact that 21 holes ended in mineralisation then this might mean somthing- or were they saying we know theres more but won't be able to add this to our indicated and inferred resource model untill futher drilling is done?

Anyway lots of work on at the moment will try and spend a bit of time in the weekend looking at it
 
i have to admit im kinda getting a bit nervous about the oppies.

i know that they have a lot of ann's yet to be released but they seem to be fairly out of favour at the moment, and market conditions certainly dont help.

oh well, always new there was a risk in the options with expiry so close, i'll just have to sit it out and see what they can come up with.


PS - has anyone heard back from peter mcneil?
 
Ultimately I think this stock faces the same dilemma as MGO (albeit on a somewhat smaller scale), ie; what enormous amount of capital will these guys have to raise in order to get something that even looks like a mining operation going? (once all the feasability studies etc. are completed which in itself could take donkeys years).
MGO came up with a figure and investors didn't take to it very kindly, to say the least. You have to wonder whether the same would apply in this instance, PROVIDED the feasability report proves to be favourable in the first place...
Of course, Kodu's convenient geographical location does work in it's favour, so from a practability point of view it would be far more workable than MGO's Yandera project, but I think the capital required will be VERY significant nonetheless.
Not to mention the added cloud on the horizon of having the Australian Government oppose the project, for imo pretty much inexplicable reasons.. :banghead:

Anyway, not trying to talk the stock down or anything.... just a sceptical point of view. Opposing views more than welcome.......
 

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