LNR - Lanthanein Resources

motion · 24 May 2007

Well there seems to be some big buy up on FNT this morning.... I think the graph will show some nice movement at the end of today.....has now hit the 13.5c mark.

Interesting to see this move over the last day or two.....

Pat · 24 May 2007

motion said:
Well there seems to be some big buy up on FNT this morning.... I think the graph will show some nice movement at the end of today.....has now hit the 13.5c mark.

Interesting to see this move over the last day or two.....

Could this just be the interest YT has generated? :
I bet YT sold this morning.

Either way, It could run and make those oppies worth while.

motion · 24 May 2007

Pat said:
Could this just be the interest YT has generated? :
I bet YT sold this morning.

Either way, It could run and make those oppies worth while.

ha ha ha I agree .... well YT should start a news letter I know I few people who would buy it....

Well I think the oppies are already worth while if you bought before yesterday.... I'm holding for the moment.

mobcat · 24 May 2007

Looking good hey guys lets see her run all the best to the new blood iam up to my lips in it again and loving it just the way i like it nice and warm and gooie i have been amognst it today and yesterday FNT and FNTO just topped up 2.1 mil in the oppies yesterday and today half a mill in the heads today .......

The main reason i like FNT is of course the numbers but the potiental is huge but i did have my reservations so i rang my brother in PNG he has been a piolt in PNG for years and is up on all the goss with the fuzzies and local political play atm and he told me in PNG mining is king and if you can prove up resourses and have the dollars it,s all go they would mine the main street of port morsbey if there was a dollar in it he said ,and the pollies would lend em the spades LOL so we disscused FNT as a play and you no what we are both buying now very agressivley at these levels...... he is bailing on oil search and i bailed on NWE it is of my opinion that these price levels are history and it,s all up in a hurry so buckle in lets rock and roll
Happy Days
Mobcat

YOUNG_TRADER · 24 May 2007

Pat said:
Could this just be the interest YT has generated? :
I bet YT sold this morning.

Either way, It could run and make those oppies worth while.

You bet I sold? For what a 10% profit on the heads? a 50% profit on the options? lol I'm going for 25c+ on the heads and about 10c+ on the opies, so if/when it gets to those levels then you might say hey I bet you YT was selling, but not today my friend, not for such small scraps

YOUNG_TRADER · 24 May 2007

motion said:
ha ha ha I agree .... well YT should start a news letter I know I few people who would buy it....

I already do publish a news letter, well kinda, on ASF and its free, just one of the many benefits of being an ASF memeber

motion · 24 May 2007

YOUNG_TRADER said:
I already do publish a news letter, well kinda, on ASF and its free, just one of the many benefits of being an ASF memeber

ha ha ha Thanks YT...

Well hit the 14c mark and has had some nice volume through it this morning...

Pat · 24 May 2007

YOUNG_TRADER said:
You bet I sold? For what a 10% profit on the heads? a 50% profit on the options? lol I'm going for 25c+ on the heads and about 10c+ on the opies, so if/when it gets to those levels then you might say hey I bet you YT was selling, but not today my friend, not for such small scraps

LOL!

I hope your reference to "25c+ on the heads" etc. was not a price target. I'm waiting for a dollar.

motion · 24 May 2007

Well FNT volume is really being tested today... Even though people are coming and dropping in at 14c it's getting eaten up very nicely at the moment..... I think the chart today will be interesting.... it's already looking good for FNT....

dj_420 · 24 May 2007

a lot more volume now, support looking strong, buy side is building.

IMO i would expect for a sp compared to insitu value the following

108 mt = 5 billion dollars insitu = 20 - 30 cents sp (market cap 20-30 million)
150 mt = 7 billion dollars insitu = 30 - 35 cents sp (market cap 30-35 million)
200 mt = 10 billion dollars insitu = 35 - 40 cents sp (market cap 35-40 million)

these market caps compare to the insitu value of around 1/2 a percent. typically other companys can be valued much much higher say 5 - 10% of insitu value. so these figures could prove to be quite conservative.

but IMO operating on a 1/2 % value of insitu value on resource and we still get the current sp trading at quite a discount

Ken · 24 May 2007

Any short term target prices here?

IGR - traded from 12 cents to 14.5 cents for a while with spikes here and there before it kicked on to reach a recent high of 21 cents....

Different stock but its a patience game I reckon.

ta2693 · 24 May 2007

A chance to top up comes, if you want.
if the price can not close above 13.5c. tomorrow will not be very good for this one.

Pat · 24 May 2007

ta2693 said:
A chance to top up comes, if you want.
if the price can not close above 13.5c. tomorrow will not be very good for this one.

May see a down day tomorrow ta.... no less than 12.5 cents. However the sell side still looks weak from this morning, yes buy side a little weak too but very much the stronger of the two.

motion · 24 May 2007

well all the 13.5 just got cleaned up....could be a good close here today.... lets hope it sets a standard for tomorrow....

Pat · 24 May 2007

motion said:
well all the 13.5 just got cleaned up....could be a good close here today.... lets hope it sets a standard for tomorrow....

Spoke just to soon motion, closed at 13 cents buy side still looking much stronger than the sellers, some volume tomorrow may see a better close.

dj_420 · 24 May 2007

no worries clearing out deadwood holders from 6 months ago, once these holders are gone IMO we will see some action.

hypnotic · 24 May 2007

Massive volume today,

that's what happens when YT starts talking about a stock!!

Closed steady eventually unfortunately although we had a pretty good morning. Any news that anyone is aware of that might be annouced other than the fact that YT is onboard this one???

Cheers,

Hypnotic

dj_420 · 24 May 2007

JORC ann are coming in next few weeks, drilling starts on some highly prospective ground, should be a good couple of months

YOUNG_TRADER · 25 May 2007

Hey guys,

As DJ said, fair bit of stale punters to clear

Whats funny is todays volume is an all time high for the stock, ever , lol I can't have that much influence can I? lol

So considering that there's about 100m shares, todays volume was 8% of that,

But if you consider top 20 hold 50%, then really it was 16% of the stocks total shares changed hands, add yesterdays volume and you get 20% of the freely available shares have changed hands!

Mkt Cap still $13m

JORC upgrad from Kodu 1-2 Weeks
More drill assays from Kodu over next few weeks, hopefully more 366m@0.7%Cu hits!

Drilling at Elo which could 'dwarf' Kodu, and is far far away from Kokoda track, some 300m assays grading 0.7% or better Cu would ignite a rocket on FNT

JORC upgrade 2 at Kodu August to incorporate all of the last few assays + the more still to come

Drilling on Bukam August, JV option with Teck Cominco

Possible TSX list later this year

So much in store, this is only the begining.

Also I spoke with a lawyer today he has over 30yrs experience in PNG, he laughed at the thought of the mining not going ahead at Kodu.

He said PNG depends on mining for like 60% of its income, so unlike Australia it doesn't have the luxury of refusing mining projects, the Aussie Govt would have to offer the PNG gov't the equvalent in royalties for PNG govt to say no to FNT.

He also said PNG can not afford to scare off mining companies, so all in all Aust Gov has a 1 in 100 chance of stopping Kodu if FNT want to develop.

56gsa · 25 May 2007

YOUNG_TRADER said:
Also I spoke with a lawyer today he has over 30yrs experience in PNG, he laughed at the thought of the mining not going ahead at Kodu.

He said PNG depends on mining for like 60% of its income, so unlike Australia it doesn't have the luxury of refusing mining projects, the Aussie Govt would have to offer the PNG gov't the equvalent in royalties for PNG govt to say no to FNT.

He also said PNG can not afford to scare off mining companies, so all in all Aust Gov has a 1 in 100 chance of stopping Kodu if FNT want to develop.

I know nothing about FNT, but a bit about PNG - in which 97% of the land is customary tenure - which means PNG Govt has little say about these developments - it comes down to the local people who own the land (lessons from Bougainville) - if FNT have done / are doing their local consultations right then all the best to them - if not, they ignore this at their peril. There will be, and will continue to be local rent seeking - this is a fact of life in PNG - companies have to accept this and include as part of their costs - BHP_Ok Tedi had 100 community development officers employed at one stage on their staff - and I imagine the oil/gas companies in the Sthrn Highlands are the same. I hope for FNT's sake (and yours?) they have PNG experienced people on board... The Aust Govt verbals are unhelpful but not a show stopper... in fact there is political traction in PNG to do the opposite of what Aust wants (post-colonialism etc)

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