LNR - Lanthanein Resources

[YOUNG_TRADER]

Continued resource delineation and expansion drilling at the Kodu porphyry copper-goldmolybdenum Deposit, followed by a Pre-Feasibility Study later in 2007.

First ever drill evaluation of the:
Elo porphyry copper–gold-molybdenum occurrence (commencing early next week).
Andewa gold mineralised vein system.
Bukuam porphyry copper–gold–silver–molybdenum Prospect (+ zinc-gold–silver skarn targets).
Evaluation drilling of the Esis porphyry copper occurrence.
Exploration drilling on the Wart Hill high-grade zinc–lead–silver-gold targets in the Mount Read
Volcanics of Tasmania (early 2008.)

Assay results are expected to be announced regularly throughout 2007/2008.

 

[YOUNG_TRADER]

Also very interesting that Bell Potter took the placement of the rights issue shortfall at 13c, this issue $3.25m/25m =13c


ENTITLEMENTS ISSUE SECURITIES FULLY SUBSCRIBED
With a total of $5.74 million Raised
(Including this tranche of $3.25 million from the previously remaining shortfall)
The Company has today allotted the remainder of the Entitlements Issue shortfall of 25,021,258 fully paid ordinary shares, with each share accompanied by one option exercisable at 20 cents on or before
30 November 2007 (under the terms and conditions of the Prospectus and Appendix 3B dated 22
February 2007), to clients of Bell Potter Securities Ltd.


I reckon this means we've got Bell Potter behind us now

 

[Pat]

And I thought it may close at 14 cents... about 150k went through after close.
Can anyone explain how trades go through before 10am and after 10am? Or know of a thread where this topic has been discussed.
Thanks
Pat.

 

[UPKA]

And I thought it may close at 14 cents... about 150k went through after close.
Can anyone explain how trades go through before 10am and after 10am? Or know of a thread where this topic has been discussed.
Thanks
Pat.

there was a thread somewhere here that discussed this. basically the orders r still allowed to be put thru up till 4.10pm, so orders can still be filled during these time. sometimes u can really find urself a bargain.

 

[Ruprect]

What do we value the options at?

November is 6 months away, not a very long time away if thats when they expire.

And for the FNT share price to get to 20 cents then plus some, it would have to have something spectacular happen within that time frame.

If this was an exchange traded option, it would be a very long time to expiry. Because it is a company option, only 6 months left looks very close. Its not really, a lot can happen in a few months, and movement in the sp will see movement in the option. YML options shot up more that 20cents with only 2 months to expiry.

I saw that Bell Potter were involved in the placement, and i finally took the plunge, picked up a small position in the options at close for .031. I have a lot of time for Bell Potter, so this can only be good imo. And with the resource upgrade on the way, its a chance im willing to take.

I have a hunch that the options were sold down in late trade by one or two people.

 

[Pat]

there was a thread somewhere here that discussed this. basically the orders r still allowed to be put thru up till 4.10pm, so orders can still be filled during these time. sometimes u can really find urself a bargain.

So if a "at market" order is placed before 4:10 pm it will be filled? Does this apply before open? Anyone remember the thread?

 

[YOUNG_TRADER]

Hi guys just realised something,

As a result of the full placement FNT have

$6m cash, so I'd say their funded for the next 2yrs of drilling

135m Shares
85m Options expiring Nov which if exercised = $17m more cash


Whats amazing is that Bell Potter just took 25m shares with 25m options,

That means Bell Potter hold minimum 18.5% of the company, thats very very interesting,

Why would Bell Potter take such a big stake in FNT?
Something must be up, Brokers don't do this often.

Reminds me of Pato's starting to support YML at 20c and we all know how that gone so far

 

[Caliente]

hey - just wondering what the exercise price is on FNTO............................................?

 

[crombo97]

hey - just wondering what the exercise price is on FNTO............................................?

20c per share exp date 30 Nov 07

Your on the money again YT i think FNT will be a big winner
Im in!!!!!!!!!!

 

[alankew]

Got to agree with Ruprect/YT,why would a company such as Bell Potter buy the options if they didnt think there was going to be any value in them,why not just buy the heads although not sure why the oppies went down

 

[dubiousinfo]

And I thought it may close at 14 cents... about 150k went through after close.
Can anyone explain how trades go through before 10am and after 10am? Or know of a thread where this topic has been discussed.
Thanks
Pat.

The same process is followed during the closing auction (4:00-4:10pm) and before the market opens at 10am and before any pre-open auction.....ie...usually about 10 mins before a stock resumes after a trading halt for any reason.

The stock market goes into pre-open from 7am during which time anybody can put in whatever bids/offers they like (auction). During pre-open SEATS (Stock Exchange Automated Trading System) then goes thru a 4 stage algorithm to compute the IAP (Indicative Auction Price) based on the mkt depth whenever it changes. The IAP represents what the opening price would be at that particular time based on the current market depth if the stock opened for trading there and then.

At 10am stocks begin trading in alphabetical order. The market is fully open by about 10:12am. When the stock opens for trading, all orders with bids above the IAP and all orders with offers below the IAP are executed at the IAP. The IAP when the stock actually opens becomes the quoted opening price. During pre-open people put in bids above the IAP and offers below the IAP to ensure their orders are executed on opening.

At 4:00pm normal trading stops but again anybody can continue to put in whatever bids/offers they like until 4:10pm, just like in the morning preopen, but the orders aren't executed until 4:10pm. During the 10 mins closing auction SEATS again computes the IAP as above each time the market depth changes. At 4:10pm, for each stock all orders with bids above the IAP and all orders with offers below the IAP are executed at the IAP. In this case the IAP will be the quoted closing price.

 

[mick2006]

There is no way that Bell Potter are going to dump their shares onto the market, where is the benefit to them to do it, they paid 13c a share with the attaching 20c options. It is in their best interests to promote FNT so not only their heads gain in value but in turn their options also become in the money.

Wouldn't surprise at all if we start hearing some more from Bell Potters in regard to broker coverage and research reports, which in turn will create more interest in FNT.

Don't forget they paid 13c a share which was at no discount to the market price which is a great vote of confidence in FNT that they were willing to cough up the money at the current market price.

Attention will now firmly be fixed on the latest drill results and resource upgrade from Kodu which are due anytime now. These results and the added interest from the investment community have the potential to light a fire under the shareprice. You just have to look at how MGO ran upto and straight after their resource upgrade to see the potential upside in FNT.

Great also to see the news about the commencement of drilling at Elo project this has the potential to be several times Kodu!!

 

[mick2006]

I know its only early in the morning and probably a bit early to make a judgement, but interesting to note there is nothing on the sell side below 14.5c.

With the interesting timing on the announcement yesterday afternoon, right before the close perhaps people didn't have enough time to fully digest the information, and overnight realised there was some really important information contained. And in turn decided there is going to be too much newsflow to cash in their shares anytime soon.

Anytime a securities firm starts buying up big into a company and recommending the stock to their elite clients, you get the feeling they have close knowledge of the going's on inside FNT and there must be some very good news on the way.

Why else would they buy such a large stake at market price levels?

Also you have to love when a mining company states that "there will be continious assay results released over the period 07/08"

Which means they are in the middle of a continious 2 year drilling campaign. Not many companies with such a small market cap would embark on such a large scale drilling campaign.

They are obviously very confident of finding something very significant and in turn raising the shareprice enough to make sure the options are exercised in November.

Anyway these are just my early morning ramblings, would be interested to hear anybodies thoughts?

 

[prawn_86]

heres my morning ramblings:
i believe that as everyone has mentioned having bell potter on board can only be good. I think we will see some very positive results which will put the options in the money by novemeber (is that the right terminology? i dont trade options yet).
i also believe that they will continue to increase well into 2008, but expect to see some volitility when the sp does reach 20c and ppl start cashing in.

 

[Ken]

Well some big sell orders went through to push the price down to 13 cents again.

Are we seeing this stock being manipulated?

 

[KIWIKARLOS]

Does anyone know what the exercise price is for the options that are currently traded, not the ones just issued with the shares?

 

[prawn_86]

i have no doubt that all stocks are manipulated, small caps even more so.
I still think that the fundamentals are good behind this and that patience will be rewarded, as it so often is

 

[motion]

Hi,

I'm not sure if anyone has seen the May road show Presentation on the FNT website but if you are buying into FNT I suggest you take a look at this some very good information on the copmany and it's goals....

 

[dj_420]

yes i agree, FNT churning now, bell potter take stake though, good sign they think sp will increase

hey pat you have mail!

 

[Ruprect]

well somebody has some confidence, he/she just picked up 1.4million shares in the options at 2.9c. I guess that also means that someone sold...but i like to look at the positives...they probably took a nice 50% profit in just over a week.