LNR - Lanthanein Resources

[quarky]

So fundamentally there's plenty of other reasons it wont go below 7.1-7.3c

Note - I hold

I now see the longer term support at the 7.3c level

are you sure?
it closed at 0.065

that's looooow.

market took a beating today.
re-tracing back to the lows of January 2008.

 

[doogie_goes_off]

Note - I'm now holding some more. So yes, funamentally should not be so cheap but Mr Market may well see it at 6.5c, if he does I will be scavenging a few.

 

[Kelpie]

Note - I'm now holding some more. So yes, funamentally should not be so cheap but Mr Market may well see it at 6.5c, if he does I will be scavenging a few.

I picked up a few more at 6.1c....now wishing I had waited.......anyone know when we may expect an announcement? Long overdue for one ........

 

[quarky]

I picked up a few more at 6.1c....now wishing I had waited.......anyone know when we may expect an announcement? Long overdue for one ........

this stock is making me more and more nervous....i'll have no nails.
i don't want to lose a looooot of money.
it closed at 0.058 today
and i haven't found any announcements yet about Kodu or anything from Frontier.

 

[Kelpie]

this stock is making me more and more nervous....i'll have no nails.
i don't want to lose a looooot of money.
it closed at 0.058 today
and i haven't found any announcements yet about Kodu or anything from Frontier.

I share your nervousness.. really. But I am keeping faith based on a few things
1. I think some of the selling is due to end of year issues (ie tax)
2. Some of the selling is because there has been no announcement whatsoever on anything - so watch the fireworks when one (good one) does come out
3. There seems to be a bit more interest on the buy side today
4. The relative strength index (RSI) is at extreme oversold levels and it's been hugging the lower bollinger band - due to come off it at some point

 

[spottygoose]

Peter McNeil & Frontier were presenting at the Resource Showcase held at Surfers Paradise Marriott last Friday. Did anyone attend? Was there in Kodu hints? People certainly didn't race out the door and buy

 

[stargazer]

Hi all

Price has come back to near 52 week low, is there a flicker of hope with todays announcement.

Cheers
SG

 

[nioka]

Hi all

Price has come back to near 52 week low, is there a flicker of hope with todays announcement.

Cheers
SG

Short answer,,,,, yes.Although this is nothing new, it was expected that the company would ask for and get support of the local landowners. I'm holding and expect to profit eventually.

 

[birdmanz]

I hold too & my main concern is their lack of funds due to the poor uptake of the recent share offer....the longer kodu drags out the more risk this becomes

 

[doogie_goes_off]

Trading halt - Update on renewal of EL1348 (Kodu Prospect)

Maybe they finally have something in writing from the PNG government, should be the most significant news since the KRUDD organised summit in Madang did not report anything other than 'we would like to preserve the Owen Stanley Range'.

 

[mickqld]

EL1348 renewal rejected by PNG Govt. Frontier to take legal action. Bye bye FNT and bye bye PNG it will now be classed as a high Sovereign risk country. They have just done enormous damage internationally to themselves with this and they can thank Australian Labor party for it.

 

[prawn_86]

5% of 3bill is $150 mill. I wonder how many tourists it takes on the Kokoda trail to get that sort of money to the landowners. Not the tour operators but the land owners.

methinks in about 100 yrs time that equivilant may have been made, which disconted for time value makes it worth very little. Disappointing by the PNG gov

 

[quarky]

damn!
no wonder the share price closed at 0.049
new, new lows for the share market and for my emotional well-being.
had money riding on FNT for over a year now...bought heaps at 0.185
up to neck-deep in ASX losses....so depressing.

FNT will definitely take about 5 years now to bounce back...should they choose to proceed with legal channels, but if the Aust. government had a hand in this...then there's no point in trying to win at the cost of very expensive (time/money) means.

 

[Nyden]

Wow, so glad I sold out of this at .17 a while ago!
Can't believe the PNG govt rejected the renewal; what legal action can FNT take? A foreign government (lawfully - they are entitled to) rejected a renewal application - obviously FNT doesn't have a leg to stand on here.

 

[Kelpie]

damn!
no wonder the share price closed at 0.049
new, new lows for the share market and for my emotional well-being.
had money riding on FNT for over a year now...bought heaps at 0.185
up to neck-deep in ASX losses....so depressing.

FNT will definitely take about 5 years now to bounce back...should they choose to proceed with legal channels, but if the Aust. government had a hand in this...then there's no point in trying to win at the cost of very expensive (time/money) means.

I feel you pain quarky. I'm also wearing some considerable losses this year. But what about FNT's other projects, do they have potential (maybe not as much as kodu) to lift the SP? Also, can this licence be renewed, if for example, a new government was to rule PNG?

 

[stargazer]

Hi all

SH*T thats all i can say if it makes you feel any better i bought 300,000 at 0.16. Yes i took a punt and lost.

The only think i can hope for is other projects as i think this one is doomed.

cheers
SG

 

[dj_420]

Sorry to hear the news for holders. In hindsight however I think if FNT didn't try and push the Kokoda track issue then they might have had a chance.

Would have been better off excluding it completely from the mining plans and sticking with that from the very outset. It would seem that they tried to push the envelope just that little bit too far and now it has backfired with Australian political intervention swaying PNG favour thus preventing any mining in the area.

Anyway of interest just wondering how FNT can sue PNG over lost profits, at what price do they assume the lost profits were at, if copper spot was to take a large fall for eg? (Thereby reducing potential profits).

 

[quarky]

I feel you pain quarky. I'm also wearing some considerable losses this year. But what about FNT's other projects, do they have potential (maybe not as much as kodu) to lift the SP? Also, can this licence be renewed, if for example, a new government was to rule PNG?

feel my pain today?

the stock is at 0.039

i feel like crying

i bought over 40k at 0.185 last year.
always having hope that the decision would overturn...i think this is a write-off, and i don't even have that much money anyway...with no assets, e.g. real estate, etc. nothing really...

terribly disappointing....to feeling depressed.

 

[Kelpie]

feel my pain today?

the stock is at 0.039

i feel like crying

i bought over 40k at 0.185 last year.
always having hope that the decision would overturn...i think this is a write-off, and i don't even have that much money anyway...with no assets, e.g. real estate, etc. nothing really...

terribly disappointing....to feeling depressed.

Yes I do quarky. As i mentioned, I am also wearing considerable losses, due to FNT and others. I have been pretty down in the dumps lately as well. I really have no idea what FNT will do now and was wondering if others in the forum migh share their ideas on whet the future holds. If you are young, remember that you have time on your side, and the potential to make it back. The important thing is to learn from this - as I (think I) have. I wish you the best of luck with future trading.........

 

[Max_ob]

i actually posted this on another thread . . . .but thought it fitted here. . .

unfortunately i also was banking on the outcome being favourable. . . . especially as i took up the option at 8.5c to average down. . .


oh dear. . . . i must be a slow learner but have learnt a lesson on sovereign risks. . . and taking punts. .. . .


as far as i can see, Frontier had done everything right by everyone. . . .so do not understand this outcome. . .and hope with time, their and our luck will change. . .