LNR - Lanthanein Resources

[Nyden]

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.

Quite. I'm sure that's why the CMS wasn't released yet - probably wanted to wait until this was cleared up; as to not taint any possible positive effect the CMS may have.

 

[evwatkins]

hmm so this could be a potential flop dependant on tomorows meeting? lucky i didnt buy in today but if they pull through tomorow then i will buy in for sure, hopes it all positive. anyone else got thoughts?

 

[Nyden]

hmm so this could be a potential flop dependant on tomorows meeting? lucky i didnt buy in today but if they pull through tomorow then i will buy in for sure, hopes it all positive. anyone else got thoughts?

Not a flop, no. I'm quite certain nothing terrible will come of all this - possibly a slightly painful compromise (also doubtful); but - there's just too much money in the ground there for the PNG/AUS government to say sorry, but no.

These talks are necessary - to hopefully remove that cloud; it would be irresponsible of a government to allow a company to spend millions on development, & research - only to say (closer to production), that we're pulling the plug. FNT need to know where everybody stands at the moment; and what areas are a sure thing.

At the same time though, I have work tomorrow, & I hope I don't come home to a pile of red there! :

 

[Jay-684]

I'm assuming that the CMS will be out this morinng?

There seems to be a trading halt on currently, decent depth currently!

 

[nioka]

Trading halt until Monday. That does not leave a lot of time for the options. What do the company have to offer in that time or is it a desperation measure.

 

[Jay-684]

trading halt just confirmed!

well, this should be interesting!

Announcement has to be out my Monday or the trading halt ceases but there's no way FNT would wait that late as it'd be too late for the options to be exercised.

I'll be watching closely

 

[evwatkins]

I beleive they will be trading late today or on open tomorow, this halt will be with regards to the resolution meeting taking place today

 

[dubiousinfo]

trading halt just confirmed!

well, this should be interesting!

Announcement has to be out my Monday or the trading halt ceases but there's no way FNT would wait that late as it'd be too late for the options to be exercised.

I'll be watching closely

The options will be trading until next Friday 23 Nov and can be exercised any time up to 30 Nov.

This trading halt could also be to announce an underwriting of the options.
An underwriting will probably not do very much for the options and the holders (me), but will at least provide a cash injection for the company which will benfit the holders of the heads longer term.

 

[nioka]

Just a long shot. The company could treat it's option holders with an issue, giving option holders preference, at a price discounted on the current market price (Quoted this morning as indicated 18c) say 16c. That would get them funds and keep faith with the faithfull. Ah well we can dream!

 

[spottygoose]

The options will be trading until next Friday 23 Nov and can be exercised any time up to 30 Nov.

This trading halt could also be to announce an underwriting of the options.
An underwriting will probably not do very much for the options and the holders (me), but will at least provide a cash injection for the company which will benfit the holders of the heads longer term.

I also think this trading halt is in relation to today's conference between the vested parties. Hopefully, there will be a quick resolution, with the obligatory concessions to placate the government, and we can have a double whammy announcement. What perfect timing to receive a positive CMS and unconditional approval for mining.

 

[dubiousinfo]

Just a long shot. The company could treat it's option holders with an issue, giving option holders preference, at a price discounted on the current market price (Quoted this morning as indicated 18c) say 16c. That would get them funds and keep faith with the faithfull. Ah well we can dream!

If you decide to put yourself up for a seat on the board you have got my vote. .

 

[zander]

The more I study FNT, the more I am impressed:

http://www.ameccongress.com.au/docs/15b FNT AMEC National Congress 2007.6.7.pdf

• Page 5
• Market Capitalisation is only a miniscule 1/3 of 1% of current total in ground metal value at Kodu of about A$ 5.0 billion.
• If expressed as a 'gold equivalent' (because more people are more familiar with this), it is about 7.5 million ounces in Inferred Resources, with the Company's market capitalisation being the tiny amount of about A$ 2.30/ounce gold equivalent.

Now, this is only Kodu !

Then I look at page 30 and 29 (Kodu, Oomargi, Elo)
and then at page 8 (FNT leases)

The potential of this company seems to be MASSIVE.

 

[Who Dares Wins]

...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

And then a trading halt

You've gotta wonder if the word didn't get out abit early to a few people.

 

[Jay-684]

well looks like we'll be waiting till tomorrow atleast for the announcement to come.

Fingers crossed to all holders (including myself!)

buyer at 0.23 has pulled out, presumably his/her mind got the better of them and they panicked!

 

[nioka]

well looks like we'll be waiting till tomorrow atleast for the announcement to come.

Fingers crossed to all holders (including myself!)

buyer at 0.23 has pulled out, presumably his/her mind got the better of them and they panicked!

There was never a buyer at 23c. There was a buyer taking a position at the head of the Queue at the indicative price which is 18.5c. It is too risky to leave that there overnight, he (or she) may reinstate the offer prior to commencement of trading tomorrow. Ignore offers when the share isn't trading, Just look at the indicative price because that is what the offer really is.

 

[kgee]

I also think this trading halt is in relation to today's conference between the vested parties. Hopefully, there will be a quick resolution, with the obligatory concessions to placate the government, and we can have a double whammy announcement. What perfect timing to receive a positive CMS and unconditional approval for mining.

I think you should have underlined quick resolution because who really knows how long somthing like this could take...and lets not even think about this going pear shaped.

 

[lazyfish]

Australian mining firm Frontier Resources says the Federal Government has behaved like a bully during a meeting about a proposed mining site along the Kokoda Track.

The meeting brought two parties with vested interests in the track face to face - the Australian miner who wants to dig up the track for gold and copper, and the Federal Government which wants to protect the track at all costs.

Mining will force a diversion for a couple of kilometres along the track.

That has upset many in Australia, including the Government which wants the iconic World War II path world heritage-listed.

Peter McNeil from Frontier Resources says that plan will not only hurt his company.

"It also covers logging, agriculture, it could even come down what the landowners can actually do on their own land," he said.

The PNG Government will soon decide whether it will extend Frontiers' exploration licence.

----

Now I think whoever attended this meeting on behalf of our government might lose his job if the mining licence is granted. So behaving like a monkey is pretty much expected. The McNeils were too smart for that. By giving the land owners 5%, they pretty much ensured that the land owners will make use of that money to do whatever necessary to get that licence granted. At the end of the day, it all depends on a small group of people, or rather, what they get for granting the licence, and what they get for not granting it.

 

[kgee]

The PNG Government will soon decide whether it will extend Frontiers' exploration licence.

----

Now I think whoever attended this meeting on behalf of our government might lose his job if the mining licence is granted. So behaving like a monkey is pretty much expected. The McNeils were too smart for that. By giving the land owners 5%, they pretty much ensured that the land owners will make use of that money to do whatever necessary to get that licence granted. At the end of the day, it all depends on a small group of people, or rather, what they get for granting the licence, and what they get for not granting it.

Government/soon- oxymoron ?
fingers crossed I'm wrong...but when do governments ever do somthing quickly

 

[Nyden]

I hope we remain in halt today; to be honest. I would rather have the answer from the PNG gov before trade opens again...that way, we can prevent any folks with jitters from jumping off & taking the price with them :

All of these articles look so biased. I mean; just look at this


The Australian miner who wants to dig the track and the Australian Government which wants to protect the track at all costs. Mining will force a diversion for a couple of kilometres along the track.

Makes FNT to look evil, and the AUS government to be the saviours of history. Why don't they say "dig 1-2%" of the track? These articles make it sound as if they're going to go in there with bulldozers, & just destroy the entire track.

If the PNG gov give the go ahead here, pardon my french - I hope the Aus gov blow it out their you-know-what.


And yes - does anyone have any experience with government making this sort of descision? How long do they generally take? Any hope of an answer today; is my question :

 

[prawn_86]

And yes - does anyone have any experience with government making this sort of descision? How long do they generally take? Any hope of an answer today; is my question :

I think Kgee hit it on the head. When has any gov ever made any decision in 2 days?

They wont care about FNTs oppies. In fact thy will probably try to hold it up to screw them over as a power play to say "we're the boss".