LNR - Lanthanein Resources

[Sean K]

Traders really want this support level to hold and firm as a base. Need some higher highs and lows or it's just looking very technically week. Very good that it seems to have stalled here and sign of a potential uptick on the moving average.

But failed and then tried to test this now level of significant resistance only to fail again. Looking very, very weak.

Hope the 5th hole from Andewa pulls up crypronite or it's gunna start gobbling.

 

[Sean K]

All punters and taxi drivers on radio Hot Cocker must be getting very frustrated with this washed up shell. What are they doing? Really?? How hard is it to provide accurate and timely guidance to the market??? The lack of drill results spells dooooom to this old hand. Let's hope this is an exception and I am way wrong. For holders sake.

 

[Sean K]

Results out. No wonder they've taken so long. Pretty average really. Management must have asked them to be redone. These results indicate that the grade is probably too low to be mineable.

ADH 004 - 400m of 0.24 g/t au, 0.06% cu
ADH 005 - 296m of 0.29 g/t au, 0.09% cu.
ADH 006 - dirt
ADH 007 - less than dirt

Peak assays from the diamond core drill holes were:

ADH 004 - 1m of 0.88 g/t gold + 0.41% copper and 0.6m of 1,190ppm molybdenum.
ADH 005 – 0.5m of 4.89 g/t gold + 0.16% copper and 0.9m of 0.49% copper + 0.74 g/t gold + 74 ppm molybdenum.
ADH 006 – 2.0m of 0.93 g/t gold, 2m of 0.06 % copper and 8 ppm molybdenum.
ADH 007- 0.6m of 4.39 g/t gold + 0.07% copper + 1 ppm molybdenum and 0.6m of 18 ppm molybdenum.

These 'peak' assays are really very ordinary.

Wont take too many more holes like these for them to move on.

 

[jjsbuy]

Partially agree. But its a big system. Lots of perspective spots still to drill including going deeper with the big rigs that are now in loc. Time will tell.

 

[Sean K]

Partially agree. But its a big system. Lots of perspective spots still to drill including going deeper with the big rigs that are now in loc. Time will tell.

Yes, but just potentially a very big viable system. There is some au and cu in there but it needs to be in sufficient grade to be viable to mine. Let's hope the next holes come up with figures like that on hole 1 +.

I'm still trying to make heads and tails out of all the JVs with OTML. Lots of good intersections recorded but not sure how they ultimately add value except to be 'prospective'. OTML spending all the money on exploration is a good thing but only if it actually adds up to them confirming a JORCd deposit and all the way to BFS which could be years away.

 

[payshense]

volume increase last day or so, could this be indicative of upcoming news release? last news was hardly anything to get excited about,,, i'm running out of faith on this one,,, been a substantial holder since pre "Kodu" days. sitting on small loss at the moment.

 

[Sean K]

5 March announcement regarding Andewa shows poor mineralisation.

How they can be 'pleased' to announce this is at least disingenuous. At worst, morally and legally corrupt.

The highlight was:

The last sample in hole ADH 009 assayed 1.0m of 0.55 g/t gold + 0.11% copper (from 406 to 407m downhole).

To have highlighted this intersection as a positive result is simply misleading the market.

 

[Sean K]

Interesting FNT into a trading halt regarding a JV with NCM. Any ideas?

 

[Sean K]

Interesting FNT into a trading halt regarding a JV with NCM. Any ideas?

Andewa JV with NCM paying all the exploration bills up to $25m. Then more complicated arrangements up to mining by which time FNT may not actually own much of it. That is very significant for a couple of reasons. 1. NCM think Andewa is prospective and, 2. takes all risk away from FNT. But, as I said, they may eventually own zippo of the actual project. Not sure if it's good but must be essential for the company in these tight financial times....

 

[burglar]

Whatever happened to the deposit next to the Kokoda Trail?

 

[Sean K]

Whatever happened to the deposit next to the Kokoda Trail?

Good question, that was all that FNT was a bout some time ago. Just disappeared.

I'm really not sure on the value of the deal with NCM. They give up 60% immediately, then NCM can later take another 15%, and just how is FNT going to help fund the development of a mine that NCM would be interested? They'll have to dilute even further... Lets assume they dilute just another 10%, then PNG take 10% tax = 5% 'royalty' for the discovery and exploration.

 

[burglar]

Good question, that was all that FNT was a bout some time ago. Just disappeared.
...

Last I heard, they were seeking compensation!

 

[Sean K]

FNT looking like a basket case.

Their company making prospects seem to have failed.

The sideways move of the stock failed dramatically in early December when they announced the JV with QRL. I haven't looked at the deal at all but assume it's bad juju for FNT holders.

On another, older note, they were 'pleased' to announce this at the mythical Andewa prospect with a market sensitive note on 6 Nov:

1.5m grading 39.3 g/t gold (+ 3.7 g/t silver), within 3m grading 20.41 g/t gold from 448.5m to 451.5m downhole

Who are they kidding? At half a kilometre depth? Market sensitive because it's crap.

 

[Doug05]

Hi There, first timer to forum holding some FNT stock.

Just wondering where people see FNT going now? With recent volumes in last month being best in a number of years and recent "Lower Zone Jackhammer Trenching Results - Swit Kia Prospect" on 4th July seemingly positive, does anyone see much movement forward, or is it going to be a long haul back to gain trust with the market again?

 

[haggis]

I have taken a small position in FNT, as they have some drilling coming up toward the end of the month (weather permitting) at Bulago.
http://www.frontierresources.com.au/announcements.html

Bit of a punt, but they will be in some good ground

 

[greggles]

Nothing posted on FNT in a while, so it must be time for an update.

I noticed that the share price is up 13.3% today to 1.7c so I checked the announcements to discover that they have reported encouraging trench sampling results from the Kimono gold prospect in PNG.

15 metres at 13.89 g/t Au is enough to get me interested in doing a bit of a deep dive into FNT this week. Who knows, they might actually be onto something here.

FNT had $3.3 million in cash at the end of the last quarter so they won't need to raise any capital this year. They only spent $210,000 in the last quarter so they aren't burning through a lot of cash.

Definitely flying under the radar but I'm not sure yet whether they're a woofer or an overlooked micro cap with potential. Market cap is currently $7.5 million.

 

[Sean K]

Nothing posted on FNT in a while, so it must be time for an update.

I've obviously followed this for some time. If it's the same management I would touch it with your barge pole.

 

[mobcat]

I've obviously followed this for some time. If it's the same management I would touch it with your barge pole.

Come se come sa

 

[Sean K]

Come se come sa

Some good analysis there Mobcat.

Ref ann on 4 June, I wonder if these rock samples were actually picked up at Kimono? Some high grades there, but they are selected rocks. Might be interesting to see where this goes.

Still not touching this with greggles pole.

 

[greggles]

Frontier Resources on the hunt for Rare Earth Elements in the Murray Basin.

158 million shares to be issued at 1.3c to fund the acquisition and working capital.

The FNT share price is holding up OK this morning, up 12.5% to 1.8c. The market clearly thinks there is potential here, but it's early days at the moment. REE is a hot sector, but invoking nearology isn't enough to pump up the share share too far.