LNR - Lanthanein Resources

[motion]

Yep I agree Fool.... well lets hope there is some movement soon.. would be nice to close today with this moving......
I do like op's I think alot of people for get about them some times...

 

[ta2693]

A guy just brought 1000000 options at 3c. and pay 50% premium compared to 2c yesterday. That is a very positive sign.

 

[Sean K]

A guy just brought 1000000 options at 3c. and pay 50% premium compared to 2c yesterday. That is a very positive sign.

I think YT might be getting set, if not already.

Perhaps these upcoming drilling results and revised JORC might be good news.

Pretty limited downside on this weird looking chart thanks to the spike last year. 11.5 looks like a floor.

 

[YOUNG_TRADER]

Yeah Kennas thats what I like about FNT its downside is 12c 11.5c at most

Its current mkt cap is about $12m and its Kodu deposit's current NPV would probably be about $500m based on desktop study,

The new JORC should take NPV to about $650m

$12m Mkt Cap vs $500m+ NPV don't add up

Of course there are concerns because the Kodu deposit is near the Kokoda track, but FNT have several other projects, one of which is actually in a JV with Teck Cominco

I think its a huge positive that Teck Cominco knows who FNT are, as eventually FNT will need the help of a major like Teck Cominco to develop Kodu,

Xstrata have been all over HIG's PNG projects as well as IRN's Tampak, I expect a mjor to approach MGO soon too

How long before Teck firms up its relationship with FNT?

Its also important to realise that FNT's team were able to discover Kodu, and thus are more likely to make other discoveries, ie they've done it once already

At Bukam they think they have 200Mt-300Mt deposit which could grade 0.8%-1%Cu Equiv, likewise at Elo

They will be drilling Elo soon,

So much upside, so little downside IMO

DYOR

 

[motion]

well someone just bought 50k of shares..... at 0.13c i wounder whats going on ??? something in the back ground maybe

 

[Fool]

Not to mention the oppies went up 62% today.....

Definitely has sparked some interest among people.

 

[YOUNG_TRADER]

well someone just bought 50k of shares..... at 0.13c i wounder whats going on ??? something in the back ground maybe

Saw that it was a 500k order thats $65k

Something maybe up, how many ASF's have bought today, I doubt enough and ASF's don't usually buy in a 500k hit

 

[dj_420]

with a market cap of 12 million i think there is very little downside whatsoever yt.

especially with insitu value of resource.

this IMO will be next one to run

 

[YOUNG_TRADER]

with a market cap of 12 million i think there is very little downside whatsoever yt.

especially with insitu value of resource.

this IMO will be next one to run

Yep $12m mkt cap vs $500m NPV

JV and arrangements with Teck Cominco

LT Share support at 12c/11.5c

The only way is up from here IMO

 

[YOUNG_TRADER]

A mate told me that someone named Adam S copied and pasted my research on Hotcopper, but at least he sighted me as his source so thanks whoever you are for acknowleding me,

I think there were quite a few people who followed me on MGO and are now seeing FNT as the next play, apparantly on Hotcopper their calling FNT the next MGO lol

Stock support is stock support I guess,

I might post my research in full on hotcopper, ASF's have had plenty of time to utilise my research and get on board

 

[dj_420]

Yep $12m mkt cap vs $500m NPV

JV and arrangements with Teck Cominco

LT Share support at 12c/11.5c

The only way is up from here IMO

YT shells have market cap of 12 million

the floor has been set at 12 cents for quite some time, there is IMO VERY LITTLE DOWNSIDE at all. pending crash in world markets.

 

[dj_420]

A mate told me that someone named Adam S copied and pasted my research on Hotcopper, but at least he sighted me as his source so thanks whoever you are for acknowleding me,

I think there were quite a few people who followed me on MGO and are now seeing FNT as the next play, apparantly on Hotcopper their calling FNT the next MGO lol

Stock support is stock support I guess,

I might post my research in full on hotcopper, ASF's have had plenty of time to utilise my research and get on board

yeah i would post it, FNT has been around for a while! lol
i think a few people are on board, especially on the options....yt??

 

[dubiousinfo]

A mate told me that someone named Adam S copied and pasted my research on Hotcopper, but at least he sighted me as his source so thanks whoever you are for acknowleding me,

I think there were quite a few people who followed me on MGO and are now seeing FNT as the next play, apparantly on Hotcopper their calling FNT the next MGO lol

Stock support is stock support I guess,

I might post my research in full on hotcopper, ASF's have had plenty of time to utilise my research and get on board

Looks like you are getting quite well known YT.

When you start your newsletter can ASF members get the first years subscription free?

Seriously though, I have been in FNT opies with you since April so todays action was enjoyable. Always profitable following you around. Thanks again for all the reseach given so freely.

 

[YOUNG_TRADER]

Looks like you are getting quite well known YT.

lol I know, lots of my research on FNT, MGO and even YML copied and pasted,

A few common names seem to go where I go very coincidental, 1 guy reckons he followed me on YML, then on MGO but all of a sudden found FNT today on his own research lol like I care, anyway getting off topic,

My original comments stand

$12m mkt cap vs $500m NPV

JV/option arrangements on other projects with Teck Cominco

LT Share support at 12c/11.5c

The only way is up from here IMO

 

[dj_420]

ok so on the yearly chart has been tracking steadily in the current trading channel since last oct!

expect some resistance at 15-16 cents. MACD crossed about a week ago.

but IMO there is very very strong support at 12 cents mark, has been tested many many times and held.

no where to go but up!

 

[Fool]

I am holding oppies at the moment.

Probably should have got some stock as well before it goes up too far, but decided to just take a punt with the options and see where they get in a couple of months time.

If they go backwards its no big loss.

 

[ta2693]

fnto ex price 20c, current price 3.4c Ex date 30 Nov.
some people believe it can double the price and rise to 23.4 in half a year which seems absurd. It reminds me of ealry stage of YML.

When mgo break out, fnt begin to move which seems unrelated.
it reminds me of early stage of AAR.

 

[Fool]

haha, funny you say that, when YML moved it was probably someone we all know using their profits to buy FNT....

 

[ta2693]

haha, funny you say that, when YML moved it was probably someone we all know using their profits to buy FNT....

dubiousinfo dubiousinfo is offline

Join Date: May 2006
Posts: 309
Default Re: YML - Yilgarn Mining
I imagine they would be wanting to get a good positive feasability out in May so that the 25c opies are well in the money when they expire at the end of June.

Having said that, with the SP at 24.5c, I am surprised people are prepared to pay 5c for 25c opies with only 2 months to run. SP has to be at 30c in 2 months just to break even.


Reply With Quote
That is where YML story starts. I feel it is very similar to FNT. some guy buy 1000000 fnto at 3c

 

[Fool]

Time will tell....

I am now scratching my head trying to figure out what to sell and what to keep, have got more stocks on the boiler plate then I know what to do with... and not enough capital to keep them all

Good luck all for tomorrow.