LNR - Lanthanein Resources

[Bull121]

The landowners have stopped tourists from using the track before in protest and they most definitely will do it again if it means they will be missing out on any financial advantage.

I see the mine going ahead, the locals want it, the PNG Government want it. Who is Australia to stop these people from benefiting in what is theirs.

 

[Nyden]

Just 20 days for the cease trading on the options...when are they going to release these 4 price-sensitive anns? In the final minute? I'll be happy with 24c, I'm not greedy (I don't hold options)

Surely they aren't going to release them all over 1-2 weeks? That might help, but - it's only going to create a short-lived euphoria, and the price just may well drop before then.

 

[prawn_86]

They have already released 3 of the 4 announcements, plus one that was not detailed (the landowners equity agreement).

The only ann left to come is the Conceptual Mining Study.

 

[Nyden]

They have already released 3 of the 4 announcements, plus one that was not detailed (the landowners equity agreement).

The only ann left to come is the Conceptual Mining Study.

I thought I saw in their latest ann they had more? Guess I miss-read
If that's the case, sorry folks - oppies are worthless :

 

[lazyfish]

I think a few people will be interested in this. I went to the AMEC presentation today and Peter said that he should be able to get the CMS this afternoon, and hopefully release it on Tuesday. He also said something interesting after the presentation to a group of us, I will post them if I can find my notes...

 

[AussiePaul72]

I think a few people will be interested in this. I went to the AMEC presentation today and Peter said that he should be able to get the CMS this afternoon, and hopefully release it on Tuesday. He also said something interesting after the presentation to a group of us, I will post them if I can find my notes...

Thanks Lazyfish .... i'm sure a lot of us would be interested to hear what Peter had to say! I always have the feeling he has something up his sleeve

 

[lazyfish]

Here are my notes on FNT.

on Kodu

It is likely that mining will have an impact on kokoda trail, unless there is available cheap power. FNT will explore possibility of hydro power. There is no battle that took place near where the mine is. FNT has commissioned university of PNG to do research on this. He believed that kodu will go ahead, everyone will have to make some sort of compromise.

When asked if FNT will do a fund raising if oppies are not exercise, he said yes, sometime around March 2008, but company is seriously considering a TSX dual listing because he says ASX is not giving FNT the kind of multiples TSX would give.

After his presentation, he mentioned to a small group of investors that he met the Chinese boss of the third largest alumina producer (not sure if it's the 3rd largest in the world, or in China) in Sydney not long ago. They are looking to branch into copper, and Peter will be sending him a copy of CMS when it comes out. He mentioned that if they come in, they want to be equity partner and they will be able to construct the plant fast and cheap. He also said FNT will try to remain the majority holder.

Lastly on time line, if everything goes well on kodu, Peter said realistically, it will take 2 years for feasibility studies, 2 years for permitting and 3 years construction as this is a *HUGE* project.

Apologies if I got anything wrong.

 

[kgee]

Nice work lazyfish...thats a fairly long time frame...did anyone else at the Amec presentation have much of interest?

 

[mobcat]

Dont stress to much about the 4pm trade for 2.6 mill in the oppies just me doing a bit of house keeping prior to the gains wooooooo hoooooooo:dance: bring it on Mc Neills

 

[Jay-684]

Dont stress to much about the 4pm trade for 2.6 mill in the oppies just me doing a bit of house keeping prior to the gains wooooooo hoooooooo:dance: bring it on Mc Neills

With only 10 days left until the options expire (23rd), can I ask what makes you believe they will be in the money over the coming week (leaving enough time for them to be exercised)?

I'm not attacking, I actually hold a fair few myself, but I am just curious on your opinions for buying.

thanks

J

 

[chicken8]

i think the price of the options will rise even if the shareprice stays below 20c

and thats enough for someone to buy some options now

even the options going up by 0.1c (1 increment) is a 20% gain

 

[Nyden]

With only 10 days left until the options expire (23rd), can I ask what makes you believe they will be in the money over the coming week (leaving enough time for them to be exercised)?

I'm not attacking, I actually hold a fair few myself, but I am just curious on your opinions for buying.

thanks

J

Perhaps Mob feels the CMS will have a positive effect on the SP? Heck, it nearly hit 17.5 today.

Either way, you've got some on you Mobcat if you bought some at the final hour here.

 

[Jay-684]

Perhaps Mob feels the CMS will have a positive effect on the SP? Heck, it nearly hit 17.5 today.

Either way, you've got some on you Mobcat if you bought some at the final hour here.

Well I hope for your sake (and mine!) that your all right!

And if they end up worthless, they'll make for a nice tax refund as a capital loss anyway!

Bring it on!

 

[Nyden]

Well I hope for your sake (and mine!) that your all right!

And if they end up worthless, they'll make for a nice tax refund as a capital loss anyway!

Bring it on!

Oh not for my sake, I wasn't foolish enough to buy them : I just hold the heads! I'd be dancing up & down if FNT sat on 20c!

But, I do of course hope the options expire in the green - FNT could use the funds raised there.

 

[Jay-684]

Would anyone like to share their thoughts as to why the options are trading up 40% today, only 9 days away from expiry?

I dont know alot about options, but I'd imagine that with only a little over a week left in them, the sell side would far outweigh the buy side at this point in time, especially with the SP trading 2-3c below exercise price.

FNT up to 0.18 now, which could have something to do with it, but with no announcements forecasted I'm stumped for the price movement!

Any insight would be greatly appreciated, as this has me stumped! Note I hold the options, but have all but accepted that they will expire, so any upside here is a bonus!

cheers

J

 

[vert]

jay i think you need to go back through this thread and FNT's announcements, there is CMS due any day supposedly today.

 

[gilbertw]

There is an announcement due today / tommorrow / friday, re CMS. This is the big announcement everyone has been waiting for.... volumes building $$$$

 

[Nyden]

Options are up 40% because at this low - even .001 is basically 20%.
Don't get excited about them, I know I wouldn't touch em :

 

[Nyden]

Well, I hope the outcome of this is positive! ;

http://www.pacificmagazine.net/news/2007/11/14/kokoda-exploration-lease-renewal-deferred-

The Papua New Guinea Mining Advisory Council has deferred the renewal of a lease to Australian company Frontier Resources Ltd to mine the Kokoda Trak.

“The council has resolved to defer the renewal of the lease pending consultations with all stakeholders so to reach a common understanding on the issue prior to advising the mining minister,” PNG Mineral Resources Authority (MRA) managing director Kepas Wali stated in a public notice published in PNG’s daily newspapers.

Plans by the Australian company to mine the historical track has come under fire within and outside PNG with the Australian government leading the push for the area to be put on the World Heritage list””a campaign which Frontier Resources Ltd managing director Peter McNeil reportedly said would be unsuccessful as he was of the view the track would not fit the criteria.

Wali said the council met last month to consider the application by Frontier Resources Ltd subsidiary, Frontier Copper (PNG) Ltd, to renew exploration license 1348 at Mt Bini in Central Province.

But it decided to defer its decision pending the outcome of an urgent meeting between all disputing parties tomorrow in Port Moresby.

“The leaseholder’s exploration activity adjacent to the Kokoda Track at Mt Bini has raised concerns from parties with interest in the track, given the historical significance of the Kokoda Track and its tourism potential,” Wali added to justify the council’s decision to defer its decision.

The MRA has sent out an invitation to representatives of 20 parties with vested interest in the matter to attend the meeting.

First on the list is the director for Frontier Copper Ltd, followed by the Australian high commissioner to PNG Chris Moraitis, Chief secretary to government Isaac Lupari as well as various landowners of both the proposed mine site and the track.

Landowners, who will directly benefit from the proposed mining operation, have warned they will shut down the track if Frontier Resources Ltd is stopped.

“Kodu landowners own about 10 per cent of the Kokoda Track and have indicated to me that they will close it down if any government interferes with their right to improve the lives of their people through the possible development of the Kodu Deposit,” said McNeil at the PNG mining seminar last month.

The Mt Kodu deposit, which is located about 400m east of the Kokoda Track at its closest point, has an estimated value of AU$1.7 billion.
Frontier Resources Ltd has 100 per cent interest in three exploration licenses in PNG including the Kodu deposit resource, which was found in an area adjacent to the 96 km Kokoda Track.

 

[spottygoose]

Well hopefully the issue can be resolved to the reasonable satisfaction of all parties. It would be great timing to have a go ahead for Kodu in conjunction with or soon after release of the CMS.