LNR - Lanthanein Resources

[nioka]

Dear oh dear. Strike three a fizzer too. Those oppies arent lookin too good right now ....................................................................................

Can't say I agree with you. Are you trying to keep the price down to get in cheaper? The oppies are speculative because of the timing but I have faith in the company. My average price is less than 13c and I don't hold opps so I can't complain at this stage.

 

[Nyden]

Can't say I agree with you. Are you trying to keep the price down to get in cheaper? The oppies are speculative because of the timing but I have faith in the company. My average price is less than 13c and I don't hold opps so I can't complain at this stage.

What happened today though? Were people expecting better results? I mean; was a great day in the market, FNT was up at one point.

It's the day traders ruining the stock I have decided to hold for the 12 month CGT in the hopes of the stock being worth a bundle in a year or 2

 

[Nyden]

What happened today though? Were people expecting better results? I mean; was a great day in the market, FNT was up at one point.

It's the day traders ruining the stock I have decided to hold for the 12 month CGT in the hopes of the stock being worth a bundle in a year or 2

Wish I could edit!

In addition;

Am I correct to assume the only upcoming ann is the CMS late this week? (End of first week in November...I guess technically that would be this week, but one could argue the next)
I should certainly hope that isn't all they've got up their hat, or those options are going to expire worthless.

I am glad for that little voice of restraint now, was tempted to pick some options up, once again am feeling relief that I didn't!

 

[UPKA]

Wish I could edit!

In addition;

Am I correct to assume the only upcoming ann is the CMS late this week? (End of first week in November...I guess technically that would be this week, but one could argue the next)
I should certainly hope that isn't all they've got up their hat, or those options are going to expire worthless.

I am glad for that little voice of restraint now, was tempted to pick some options up, once again am feeling relief that I didn't!

just a warning for ppl who are waiting for the CMS, when the CMS comes out, we'll have a clearer picture of how much it'll cost to bring Kodu into production. I'm guessing it wouldn't be cheap, possible around the $200m mark (estimated off MGO's CMS, correct me if im wrong). the figure might scare off some investors, so don't expect any dramatic jump in SP.

Plus today's results from andrews project isnt all that impressive either, low grade stuff imo. from the sounds of the ann, the company is ramping up their find a bit, hoping to push up the SP n get the options exercised...

Good luck to all holders

 

[Nyden]

just a warning for ppl who are waiting for the CMS, when the CMS comes out, we'll have a clearer picture of how much it'll cost to bring Kodu into production. I'm guessing it wouldn't be cheap, possible around the $200m mark (estimated off MGO's CMS, correct me if im wrong). the figure might scare off some investors, so don't expect any dramatic jump in SP.

Plus today's results from andrews project isnt all that impressive either, low grade stuff imo. from the sounds of the ann, the company is ramping up their find a bit, hoping to push up the SP n get the options exercised...

Good luck to all holders

Well, I guess it can be looked at both ways; of course people are expecting a rather large bill there I would think? I should very much doubt buyers are under the impression it's all just going to magically fly out of the ground. And a cost below expectations could certainly push the SP higher; as well as 'real it all up' (taking a step from the 'dream' to the reality

At least, that's wishful thinking! With an average buy-in at 16.6, yesterdays little plummet has put me in the red again by a hair My portfolio is cursed, I wish they could all be in the green simultaneously, dammit.

 

[chicken8]

what do we all make of this morning's announcement?

PNG landowners to become equity partners.......

 

[Sean K]

what do we all make of this morning's announcement?

PNG landowners to become equity partners.......

Positive IMO. Important to keep the natives happy. Wonder what sort of royalties they'll haggle for as well?

 

[STRAT]

Can't say I agree with you. Are you trying to keep the price down to get in cheaper? The oppies are speculative because of the timing but I have faith in the company. My average price is less than 13c and I don't hold opps so I can't complain at this stage.

Fair enough nioka but you would have to agree surely that the market has not responded to the first 3 anns? My concern lies in the fact that the last ann is conceptual by description and therefore conseptual by nature. If three upgrades in a row cant bring the oppies home, how can we expect a conseptual mining study to do it? As to the down ramping coment, with all due respect thats just silly.
Ive traded FNT twice over the last few months and she has been kind to me both times though to a much lesser degree this time. I wish those still holding the best of luck

 

[boults_4545]

From the announcement at 1:30pm today.

"Announcements to the ASX that are likely to have a significant impact on the share price in the immediate
future include:
• The continuing release of Andewa drill core assay results, as received, but mostly
• The Conceptual Mining Study (CMS) which is due to be reported early to mid-November.
I am increasingly confident in Frontier’s future and suggest you monitor the Company’s announcements and
share price in the immediate future, with the view to seriously considering exercising the options prior to
their expiry date, should you so wish to do so. If you would like to discuss this further, please feel free to
contact me."

What are the results of a coneptual mining study going to tell us that we don't already know?

 

[mobcat]

News a plenty of late hey and all seems good to

Do ya kinda get the felling that something is going to happen big time in FNT really soon i dont know if its the CMS or something else but what ever it is i just wish FNT would do it the SP is getting hammerd of late and i took it as a sign to top up in the heads and take advanatge of the weakness only for it to fall a further 2 cents

November sure do,s look like a earner when it comes to FNT if i was a gambler i would be buying oppies they could go off if head office comes through with all there talk of late time will tell good luck all

 

[j4mesa]

Please read below news :

http://www.news.com.au/adelaidenow/story/0,22606,22672892-5006368,00.html

Seems to be both good and bad news

 

[lazyfish]

The latest ann contains a section addressing the issue of potential opposition from Australia to develop the Kodu deposit. Personally convinced because I don't think our government is willing to offer them anything remotely close to what FNT can offer them. I am a bit confused about

"The Kokoda Track is 96km long and ALL PRIVATELY OWNED by PNG citizens."

and

"Kodu landowners own about 10% of the Kokoda track and have indicated to me that they will close it down if any government interference with their right to improve the lives of their people through the possible development of the Kodu deposit."

Just wondering what happened to the other 90%?

 

[doogie_goes_off]

The other 90% is no where near the deposit and hence owned by someone else - the deposit is not 96km long so it only impacts on a small area within the "Kodu landowners" area(~600m-1km long?). PNG is very tribal and traditional landowners usually own catchments or similar areas. Occasionally tribes block the track to try and get money off the government (pseudo-blackmail) but the government doesn't seem to ever cough up, the landowners are complaining about lack of services. Maybe Turnbull should have given them $16M or Frontier $16M to go away?? instead of forcing the world heritage angle. I doubt that it will meet the strict WHA guidelines, I mean the Franklin River only just got saved because at the last minute an aboriginal heritage site was found. There needs to be environmental values of world significance as far as I am aware and surely there's plenty of traditionally inhabited rainforest in PNG all over these areas (unlike the coast which is all logged/plantations).

 

[STRAT]

OK so lets recap

FNT announce in advance 4 price sensitive announcements will be made before time runs out for the options

The first three all resourse upgrades fail to move the market

The last a conseptual mining study which in FNT,s words from the announcement this avo is "assessing possible development paths" which means a few good ideas we may or may not go ahead with.

FNT announces a share in the deal to land owners in and around the mine site at/near the Kokoda Track obviously to get them on side because FNT's own Government in Australia is planning to offer the New Gunia Government 15.9 million dollars towards making the Track a world heritage site.

Anyone else see getting these oppies converted a bit of an up hill battle?

Anyone else see getting this mine to actually open a bit of an uphill battle as well?

 

[UPKA]

OK so lets recap

FNT announce in advance 4 price sensitive announcements will be made before time runs out for the options

The first three all resourse upgrades fail to move the market

The last a conseptual mining study which in FNT,s words from the announcement this avo is "assessing possible development paths" which means a few good ideas we may or may not go ahead with.

FNT announces a share in the deal to land owners in and around the mine site at/near the Kokoda Track obviously to get them on side because FNT's own Government in Australia is planning to offer the New Gunia Government 15.9 million dollars towards making the Track a world heritage site.

Anyone else see getting these oppies converted a bit of an up hill battle?

Anyone else see getting this mine to actually open a bit of an uphill battle as well?

Obviously the MD released these reports in a rush so close to the options expiry date for a reason, i guess it didn't work out. IMO the anns were average, the wording were rather aggressive and "wild", in an attempt to push the SP over the 20c mark. I guess Peter has failed to convince the market, I don't expect the CMS to do the SP any good either. Anyone have a figure on how much the company will receive if all converted?

 

[doogie_goes_off]

83+ Million options at 20c = ~$17M, that would go a long way to a project startup if they were able to get one of the smaller operations started to provide cash for the big one!

 

[lazyfish]

Thanks doogie for that, sorry about my ignorance. I have another question though, would it be possible at all for the mining license to be granted before the oppies expire? I don't own oppies at all and my holding in head is too small to worry about, but I am really interested in the recent events.

 

[Nyden]

I still believe the ops are a risk at their current prices; but let's face it, FNT's SP is not very far off of 20c at all.

All it needs to do is sit at even 21-22c at the expiry date for fnt to make some cash. Doesn't do much for those who paid a lot for the options, but - who cares about them :


Everyone knew this whole Kokoda track nonsense would come up again, what do you think the PNG government will take - a mere 15mil from the Aus gov, or the mass of jobs created from a 1.5b+ project?

PNG wouldn't want to scare off other mining companies from exploring as well, with the fear of having their mine taken away because an army helmet was discovered within 10 miles of it


Rant time!
The concept of making the Kokoda track world heritage is absolute rubbish.
I'm sorry; I realise that it's an important track to many people; but, by that logic - eventually every single square inch of earth will be 'sacred' to one nation or another for some reason in history.

Frankly, I couldn't care less if they were digging smack bang in the middle of the thing!

 

[STRAT]

I still believe the ops are a risk at their current prices; but let's face it, FNT's SP is not very far off of 20c at all.

All it needs to do is sit at even 21-22c at the expiry date for fnt to make some cash. Doesn't do much for those who paid a lot for the options, but - who cares about them :


Everyone knew this whole Kokoda track nonsense would come up again, what do you think the PNG government will take - a mere 15mil from the Aus gov, or the mass of jobs created from a 1.5b+ project?

PNG wouldn't want to scare off other mining companies from exploring as well, with the fear of having their mine taken away because an army helmet was discovered within 10 miles of it


Rant time!
The concept of making the Kokoda track world heritage is absolute rubbish.
I'm sorry; I realise that it's an important track to many people; but, by that logic - eventually every single square inch of earth will be 'sacred' to one nation or another for some reason in history.

Frankly, I couldn't care less if they were digging smack bang in the middle of the thing!

Fair comment maybe but the point is not who is right. Its the plain and simple fact that if it becomes a political football then it all gets much much harder and the SP suffers directly.

As to the oppies
You arent allowing much time for the paperwork.
The heads need to hold those prices for a length of time to inspire confidence in the resale value of the converted oppies
at 21-22c no one who paid more than 0-1c for them whould realize any safe value by converting them. The SP needs to hold at 23.5 plus and thats an increase of 40%+

 

[Nyden]

Fair comment maybe but the point is not who is right. Its the plain and simple fact that if it becomes a political football then it all gets much much harder and the SP suffers directly.

As to the oppies
You arent allowing much time for the paperwork.
The heads need to hold those prices for a length of time to inspire confidence in the resale value of the converted oppies
at 21-22c no one who paid more than 0-1c for them whould realize any safe value by converting them. The SP needs to hold at 23.5 plus

Well, that's why I used the term 'sit', the SP would probably need to hit 23-25 on a hype, in which case 22 would become its new little 'low' with prospect of further increase. I believe anyone who did pay over 5c, should look for the best time to sell them, & accept their loss.


I'm already wondering in the back of my mind; what will FNT do if the oppies fall through? Perhaps issue a free share for every few held, I wish That'd get a good price going!