Australian (ASX) Stock Market Forum

NTU - Northern Minerals

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from the earlier hype
It is called dysprosium and it's set to play a big part in the future of the world. The rare earth is a key ingredient for emerging technologies and is used in magnets for electric vehicles. It can be found in Western Australia and [in July 2017] Australia's first ''heavy rare earths mine'' was officially opened at a remote site south-east of Halls Creek, just 6 kms from the WA-NT border. Known as Browns Range, the $56 million pilot project was officially opened by WA Premier Mark McGowan. Mr McGowan said the mine was the first of its kind outside China and was a "wonderful opportunity" for the state...
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https://www.abc.net.au/news/rural/2017-07-28/dysprosium-focus-of-wa-rare-earth-mine-project/8741416

Then there's been a thirst for capital, raisings and stumbles and ATO having a look at tax offsets and 'national interest' concerns (Trump ordered the Defense Department to spur production of a range of rare-earth magnets used in military hardware amid concerns China could restrict exports of the products. U.S. Geological Survey scientists have also visited projects in Australia in the past year, including NTU’s Browns Range development. - Jul'19 )and talk of offtakes (Thyssenkrupp - Aug 19) and stumbles and capital raisings and R&D tax offset claims now eligible.

Where are we now? The SP is lurching along. bouncing along the bottom.

"...on 20 April 2020, the Company has entered into a number of subscription agreements with sophisticated investors to raise A$22m at A$0.02. The Company also announced a Share Purchase Plan priced at A$0.02. On 20 April 2020 the Company also announced the rejection by the Treasurer of the A$20m placement to Baogang as originally announced on 15 August 2019 at A$0.062." (lucky for Baogang?)

Buy are they borrowing from Peter to pay Paul?

And now, with some money in the door, there's a notice about Soluna , 50% owned by Lithium Australia (LIT) and 50% Chinese, collaborating with NTU to develop a renewable-energy and battery-storage facility for NTU’s Browns Range mining camp in Western Australia (right now, Browns River operation is on care-and-maintenance 'due to Covid-19').
Browns Range is typical of many remote mining operations in that both the accommodation camp and processing plant there are reliant on diesel for power generation. Together, Soluna and NTU plan to reduce the carbon footprint of the entire facility – initially by lowering the operating and maintenance costs associated with diesel power generation at the accommodation camp. Soluna will provide the necessary expertise, as well as the photovoltaic power generator and energy-storage system in the form of lithium-ion battery packs designed specifically for that application.
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All seems rather elaborate. Think I'll watch from a distance.
 
I've been watching this one along with a whole host of other Rare Earth plays...

Decided to purchase some NTU shares after doing a fair bit of stock research across the various RE stocks in the ASX. Details of the purchase and my current spec holdings are in Speculative Stock Portfolio.
 
Interesting article today on the rush for the Rare Earths...

1603245604013.png


www.theage.com.au

Lynas highlights global moves to secure rare earths

The rare earths miner said it is actively engaging with governments over plans to ease China’s grip over the crucial sector which has become central to global trade tensions.
www.theage.com.au www.theage.com.au
 
This for my sins is my pick for the November 2020 competition. NTU. It is all about Rare Earths as the USA continues its "end of empire" strategy, said earths being mostly found in China. This all very complicated for this simple soul. The stuff they are after is dysprosium, and they have enough dosh to last for about another year.

Dysprosium as luck would have it is found on the WA/NT border and NTU are there as we speak a drilling.

See @Dona Ferentes post above for further details.

I found dysprosium on the periodic table but said table looks nothing like the one I learnt.

iu.jpeg

gg
 
Company requests the trading halt pending the release of an announcement in relation to the Company’s results from the assays from the drilling campaign at Browns Range announced to the ASX on 2 November 2020 and responding to an ASX query.
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now that was at 4:11 after the 3:20pm Pause in Trading

which sort of postdates market action
3month, daily

1610697606715.png


5 day; 15 minute:
1610697527808.png



mmmmm.
 
barney said:
Lol ...... I enjoy seeing other people have a win.

Well done @aus_trader You did the research. You took the punt. You reap the spoils :singing: :cool::happy:
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I've had it all along in my spec portfolio thread along with my research and reasoning. Time went by as it did nothing for a while... :bored:

Then it started moving up and few ASF members bought the break out. Our friend @frugal.rock openly said he bought it as well when breaking out. So hope it's made a few bucks ? for a few of us members or currently sitting on an open profit ?
 
barney said:
Dwayne is the spitting image of me ... seriously. I would not joke about something like that!

:cool::cool::cool::cool::cool::cool:


Aarh sorry. I may have been having a Nanna nap for a second there?
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I know what you mean, i'm sick of the promo people photo shopping Chris Hemsworth's head, onto my body. :wheniwasaboy:
Back to Northern minerals, isn't there exploration area at Mt Brown, close to the Lynas Mt Weld mine?
 
sptrawler said:
Back to Northern minerals, isn't there exploration area at Mt Brown, close to the Lynas Mt Weld mine?
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I don't know much about WA, but it's in the northern part of the state:
1611182803757.png


Another interesting fact I found that may be positive for Rare Earth stocks on the ASX such as NTU. Just saw the news of possibly the biggest RE runner PM8 is being de-listed from the stock exchange:

1611183001785.png

confirmed:
1611183068033.png


Institutions and funds looking to invest into RE stocks will have one less to park funds into...
 

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