LNR - Lanthanein Resources
- Thread starter Sean K
- Start date
Nyden
G.E. Money Genie
- Joined
- 23 May 2007
- Posts
- 1,368
- Reactions
- 1
I was going to post that this morning - we should have already received those results. I guess that's why they use the term 'expected' though
:Usually they say 'in about a week'; however, this time they used the words early next week - surely, Thursday/Friday don't constitute as early in the week
I still don't know about those options, for the price many people paid - the SP will need to go another 10c for some folks to make a profit.
- Joined
- 7 February 2007
- Posts
- 314
- Reactions
- 3
Waiting Waiting LOL
I think they might release it after hours this time and give Germany a chance to lead us in for a change sit tight all this could be fun
I think they might release it after hours this time and give Germany a chance to lead us in for a change sit tight all this could be fun
Nyden
G.E. Money Genie
- Joined
- 23 May 2007
- Posts
- 1,368
- Reactions
- 1
Surely you options holders must be feeling a little blue?
They're selling for half a cent!
What could really happen in the next 5 weeks that's going to push the SP up to a stable 20+? Even if the stock were to have some great news; and a bit of an upward rally - the fact that it's so close to expiry...people aren't going to suddenly start buying the options days before they expire, as let's face it; 19c just doesn't cut it.
The CMS is coming in November, resources estimation for Kudo is mid-late October, & Elo's assay result for hole 2 is due out in a week or 2(or 3!), but - is that all enough? The price of the options; really leads you to believe that the punters don't believe so.
The previous announcement was all but ignored, didn't even make the forum:; which obviously says something!
Does anyone believe there's even a remote chance of the options expiring in the money?
I still am a believer here, but - I never thought the options were a good buy; and certainly don't at the moment.
They're selling for half a cent!
What could really happen in the next 5 weeks that's going to push the SP up to a stable 20+? Even if the stock were to have some great news; and a bit of an upward rally - the fact that it's so close to expiry...people aren't going to suddenly start buying the options days before they expire, as let's face it; 19c just doesn't cut it.
The CMS is coming in November, resources estimation for Kudo is mid-late October, & Elo's assay result for hole 2 is due out in a week or 2(or 3!), but - is that all enough? The price of the options; really leads you to believe that the punters don't believe so.
The previous announcement was all but ignored, didn't even make the forum
:; which obviously says something!Does anyone believe there's even a remote chance of the options expiring in the money?
I still am a believer here, but - I never thought the options were a good buy; and certainly don't at the moment.
Yeah, I bought $12,000 grands worth a few months ago which is now worth about $1,000 (Oh what a feeling). Lucky I had some money to buy in to a few decent blue chips after the recent correction so my portfolios breaking even at the moment, but it still hurts like a mother$@%# as this is my first significant loss. Lesson learnt bigtime - Dont gamble on options unless you are prepared to lose, or in other words considered the worst case scenario can happen (eg. market correction close to expiry) and also taking a smaller loss is better than taking a bigger loss (duh, I know but hard to do in practise). I make myself feel better by reminding myself of all the people with huge portfolios still in the red.
- Joined
- 1 June 2007
- Posts
- 173
- Reactions
- 0
Bailed outa this one today, couldn't hold it anymore, think there are better opportunities out there, so all holders should now expect a significant increase....lol
Sorry to hear about your bad luck with FNTO, Mick.
Seems like you paid 6c for FNTO. To convert them would cost 20c = 26c. With FNT fetching only 13c now, that's at $40,000 outlay (totalling $52,000)and a hope they double in price before you break even. In your shoes, no matter how good are their prospects I guess I wouldn't be throwing any more $$$ at them at this time.
I hold FNT, though not FNTO.
- Joined
- 30 May 2007
- Posts
- 50
- Reactions
- 0
Just a reminder to all those who hold FNT & anyone looking to get in. Below is todays announcement detailing the impending announcements. It seems that Mr McNeil is confident of a spike in the SP so fingers crossed. I am watching this one like a hawk. (I hold)
Notification Of Upcoming Option Expiry Date and
Timeline For ASX Announcements in the Immediate Future
Frontier is focused on exploring for and developing mineral deposits in the highly mineralised
Pacific ‘Rim of Fire’ in Papua New Guinea, plus the Mount Read Volcanics in Tasmania.
Your Company is advancing the World Class Kodu copper–gold–molybdenum Deposit (PNG)
through to feasibility and this is proceeding very well, rapidly and cost effectively. In addition,
the Company has made a concerted and successful effort to evaluate and advance several other
gold plus gold, copper, molybdenum, zinc and silver prospects to ultimately define additional
deposits.
If not exercised, the FNTO class of options will cease trading on the ASX at 5.00pm 30 November
2007 (as required by the ASX listing rules). The share price now is slightly lower than the 20c
exercise price of the options, but in my opinion this is likely to change in a positive manner in
the near future. If the outstanding FNTO options are exercised, a substantial amount of capital
will be generated and be used to progress Kodu to a full feasibility study (assuming positive
outcomes in the Resource Estimation and Mining Study) and to continue drill advancing the
Company’s other highly prospective prospects.
Factors (studies and assays) to be announced to the ASX that are likely to effect the share price
in the immediate future include:
o 2 major ‘viability’ related studies by external consultants
Indicated and Inferred Resource Estimation for the Kodu Deposit (Tuesday 23rd
October) Conceptual Mining Study (end of the first week in November)
o Andewa gold drill core assay results (Monday 29th October)
o Extensive Sirimu (near Kodu) gold bulldozer trench assay results (Thursday 25th October).I am confident in Frontier’s future and urge you to monitor the Company’s announcements and
share price in the immediate future, with the view to seriously considering exercising the
options in the weeks leading up to their expiry date (this does not constitute Financial or
Investment advice).
Notification Of Upcoming Option Expiry Date and
Timeline For ASX Announcements in the Immediate Future
Frontier is focused on exploring for and developing mineral deposits in the highly mineralised
Pacific ‘Rim of Fire’ in Papua New Guinea, plus the Mount Read Volcanics in Tasmania.
Your Company is advancing the World Class Kodu copper–gold–molybdenum Deposit (PNG)
through to feasibility and this is proceeding very well, rapidly and cost effectively. In addition,
the Company has made a concerted and successful effort to evaluate and advance several other
gold plus gold, copper, molybdenum, zinc and silver prospects to ultimately define additional
deposits.
If not exercised, the FNTO class of options will cease trading on the ASX at 5.00pm 30 November
2007 (as required by the ASX listing rules). The share price now is slightly lower than the 20c
exercise price of the options, but in my opinion this is likely to change in a positive manner in
the near future. If the outstanding FNTO options are exercised, a substantial amount of capital
will be generated and be used to progress Kodu to a full feasibility study (assuming positive
outcomes in the Resource Estimation and Mining Study) and to continue drill advancing the
Company’s other highly prospective prospects.
Factors (studies and assays) to be announced to the ASX that are likely to effect the share price
in the immediate future include:
o 2 major ‘viability’ related studies by external consultants
Indicated and Inferred Resource Estimation for the Kodu Deposit (Tuesday 23rd
October) Conceptual Mining Study (end of the first week in November)
o Andewa gold drill core assay results (Monday 29th October)
o Extensive Sirimu (near Kodu) gold bulldozer trench assay results (Thursday 25th October).I am confident in Frontier’s future and urge you to monitor the Company’s announcements and
share price in the immediate future, with the view to seriously considering exercising the
options in the weeks leading up to their expiry date (this does not constitute Financial or
Investment advice).
That was how I felt when My YML options were getting close to the mark. I sold them at a loss and then they came good at the death. Not that I'm suggesting the same could happen here' but it could happen. I hold FNT but not FNTO. I guess every effort will be made by the Company to get the options over the line as they could do with the cash. It is really a spec. My tip is that if the options lapse the company will need to issue new shares at a discount to raise funds and hopefully shareholders will get an opportunity there.
- Joined
- 7 February 2007
- Posts
- 314
- Reactions
- 3
This is nice hey Guys a bit of a change in sentiement and now some positive Anns on the way and the SP is booping again all we need now is a couple a Hulla dancers...... i wouldnt put it past the Mc Neills to get the Oppies home i reacon they have a few rabbits in the hat as well over the next few weeks it should be a joy to watch good luck all
After yesterdays rather interesting announcement by FNT in regards to the timetable of upcoming price sensitive announcements to the ASX, I decided to get in contact with Peter McNeil to try and get a feeling for what he had up his sleeve.
Having developed a good relationship with Peter over the last year or so, he sometimes is a bit more open and honest than your normal company director would be.
When I quizzed him about some of the upcoming news, he was very upbeat about some of the upcoming releases in particular the gold assays.
We have seen recently the price of gold surge and companies that release good exploration results are getting good % moves on news.
I have always felt that Peter had some good results up his sleeve to make sure the shareprice is above the option's strike price by the time they need to be exercised. And this is confirmed by the ASX release yesterday and the conversation I had with him last night.
Don't rule out directors/major investors buying before the options expire to help drive up the price.
Also when discussing with Peter comparisions with the upcoming releases with that of the last year or so, he was certainly very upbeat.
Anyway just thought I would let you guys know there is likely some very good news coming out of FNT in the next couple of weeks and the shareprice maytest the highs of earlier in the year.
I grabbed some early this morning and will likely add to it over the next couple of days.
Having developed a good relationship with Peter over the last year or so, he sometimes is a bit more open and honest than your normal company director would be.
When I quizzed him about some of the upcoming news, he was very upbeat about some of the upcoming releases in particular the gold assays.
We have seen recently the price of gold surge and companies that release good exploration results are getting good % moves on news.
I have always felt that Peter had some good results up his sleeve to make sure the shareprice is above the option's strike price by the time they need to be exercised. And this is confirmed by the ASX release yesterday and the conversation I had with him last night.
Don't rule out directors/major investors buying before the options expire to help drive up the price.
Also when discussing with Peter comparisions with the upcoming releases with that of the last year or so, he was certainly very upbeat.
Anyway just thought I would let you guys know there is likely some very good news coming out of FNT in the next couple of weeks and the shareprice maytest the highs of earlier in the year.
I grabbed some early this morning and will likely add to it over the next couple of days.
Thanks for your efforts, Mick and sharing your feedback.
My guess is that small resource stocks senior management typically in these situations tend to hold back their good news until very close to the options expiry dates. Otherwise, good news announced too early would simply see investors/traders in the options making windfall profits, with the options price probably retracing to an unattractive level immediately prior to the exercise date, therefore resulting a low conversion rate and low capital acquisition.
Am I on-the-ball in this sort of assumption? Any other thoughts, anyone?
- Joined
- 7 February 2007
- Posts
- 314
- Reactions
- 3
Yeah thats the way it plays sometimes Yelantas a prime example of that latley was YML close to expiry i bought 600k YMLO at 5 cents what a earner that turned out i sold them a week back for a very tidy profit oppies in their nature are risky but can be very sweet when they work and in FNT,s case it is very important to bring them home to fund them forward watch and learn with this one i suggest oppies close to expiry are a art and many people make a living from them myself included but not for the risk adverse and you do need extreme confidence in the company in play .
also don't dismiss the effect of the resource upgrade for Kodu on tuesday, we have seen how hard it has run in the past.
also knowing Peter I'm sure he has kept a few tonnes under wrap to be released at the right time.
with only two full trading days left until the upgrade, I would expect some upward pressure on both Friday and Monday hoping to catch the next upswing, remember 4 asx price sensitive releases in the next 3 weeks, once a stock starts running in today's market it generally runs hard, take a look at RAU for a perfect example.
also knowing Peter I'm sure he has kept a few tonnes under wrap to be released at the right time.
with only two full trading days left until the upgrade, I would expect some upward pressure on both Friday and Monday hoping to catch the next upswing, remember 4 asx price sensitive releases in the next 3 weeks, once a stock starts running in today's market it generally runs hard, take a look at RAU for a perfect example.
kicking off a big month for the company on tuesday will be the latest resource upgrade from the Kodu deposit in PNG already a significant lower grade copper/molybdenum/silver deposit expect the company to add significant tonnage to the scale of an already large project.(remember the Chinese have an eye on PNG given their already large investments in the country and would love to get their hands on some of these large tonnage projects in developing countries to help meet their ravenous demand)
then we have two sets of gold assays, which have the potential to move the shareprice given the increased focus on gold at the moment and with recent hits of 70 g/t, either set of results have the potential to excite the market.
following the gold its back to Kodu in the first week of November with a conceptual mining study, if this was to provide a positive picture to a mining operation at Kodu it would certainly boost the company going forward.
but possibly the most powerful short term driving force will be the desire of the company to make sure the options are exercised, so expect some inside buying to increase the shareprice and also expect some exciting exploration results.
remember comapanies don't release announcement timeframes to the market to dissapoint.
Why would they draw attention to themselves only to dissapoint?
So FNT is certainly worth a punt, given the amount of news about to come from the company.
then we have two sets of gold assays, which have the potential to move the shareprice given the increased focus on gold at the moment and with recent hits of 70 g/t, either set of results have the potential to excite the market.
following the gold its back to Kodu in the first week of November with a conceptual mining study, if this was to provide a positive picture to a mining operation at Kodu it would certainly boost the company going forward.
but possibly the most powerful short term driving force will be the desire of the company to make sure the options are exercised, so expect some inside buying to increase the shareprice and also expect some exciting exploration results.
remember comapanies don't release announcement timeframes to the market to dissapoint.
Why would they draw attention to themselves only to dissapoint?
So FNT is certainly worth a punt, given the amount of news about to come from the company.
Hope you're still reading all the posts on this thread Big Mick, your FNTO options could still end up in the black - maybe a late finisher, just like Kiwi in the 1983 Melbourne Cup!
- Joined
- 19 March 2006
- Posts
- 598
- Reactions
- 2
I've similar thoughts on the kodu upgrade, wasn't it 18 of the 24 holes ending in mineralisation? I'm not sure how they infer futher mineralization from this but I'm thinking with some creative conceptualisation you could add a lot more tonnage to the existing model...and the timing would be right
kgee you are 100% correct they will squeeze every last tonne out of the resource upgrade, and they will be using every tactic in the book to make sure the options get exercised.
today was the first day of their campaign they have set the scene by announcing the dates of the upcoming releases.
judging by the buy depth gains they may have started buying or placing orders to help the stock gain momentum.
finally they would have been saving the best assay results for release right before the option expiry date so expect some very good gold grades over the next week.
the smart money has already been flowing into FNT, once the traders start piling in after good news the opportunity will be lost.
today was the first day of their campaign they have set the scene by announcing the dates of the upcoming releases.
judging by the buy depth gains they may have started buying or placing orders to help the stock gain momentum.
finally they would have been saving the best assay results for release right before the option expiry date so expect some very good gold grades over the next week.
the smart money has already been flowing into FNT, once the traders start piling in after good news the opportunity will be lost.
Hope you're still reading all the posts on this thread Big Mick, your FNTO options could still end up in the black - maybe a late finisher, just like Kiwi in the 1983 Melbourne Cup!
My outlook has brightened Yelnats - thanks to the companys intentions and the quality posts below. Bought a fair chunk of heads today as insurance.
1983 saw an unprecedented upset when Kiwi who was placed last went on to win the Cup. His training mainly consisted of herding sheep, and that was all the experience he had. But against all odds, he just did what came naturally to him and ran for all he was worth. All that fresh country air must have helped, and Kiwi won his Cup.
Do what comes naturally FNT and run baby run!
with only 2 trading days left until the resource upgrade at Kodu is released on tuesday, it looks like buyers are continuing to line up with the depth increasing regularly ever since the company annoucnement on Wednesday afternoon.
Remember FNT has 4 sets of market sensitive announcements to be released within the next 3 weeks.
also only 5 weeks till the options FNTO expire so expect the company to pull out all stops to make sure the options get exercised.
interesting to see the options are up 27% this morning obviously traders are hoping Peter McNeil has some aces up his sleeve to release to the market.
also the german listed shares were up 11% overnight.
with the price of gold running rampant alongside that of oil, don't be surprised if either of the two sets of gold assays, gets some market attention with recent grades up to 70 g/t, if they had any decent hits the market will reward the shareprice.
Remember FNT has 4 sets of market sensitive announcements to be released within the next 3 weeks.
also only 5 weeks till the options FNTO expire so expect the company to pull out all stops to make sure the options get exercised.
interesting to see the options are up 27% this morning obviously traders are hoping Peter McNeil has some aces up his sleeve to release to the market.
also the german listed shares were up 11% overnight.
with the price of gold running rampant alongside that of oil, don't be surprised if either of the two sets of gold assays, gets some market attention with recent grades up to 70 g/t, if they had any decent hits the market will reward the shareprice.
Similar threads
- Article
