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NWC - New World Resources

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pops11

pops11

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Any other holders of this stock have thoughts on todays ANN ? I hold and i liked the way they charted with a 3 year high of around 70c they also are now cashed up and have Gold next to Newcrests Telfar mine so im unsure why little movement in the stock.
 
Hi Pops11

Just noticed this thread (replacing the CTS thread, I guess). The demise of CTS following disposal of it's Peru and Kyrgyzstan projects is old news now.

Current interest and activity involves the non-renounceable options rights issue - record date coming up Friday 23 Oct.

A new future for a former 'bright star'.

(Still holding :eek:/:eek:)
 
pops11

We are talking really early days with these Pilbara projects - i..e there's a lot of water to flow under the bridge before we can get excited - they only have ELA's in, so approval hasn't been given as yet, likely though they may be.

However proximity to Nifty, Telfer and Kintyre is hopeful. We will have to wait until time passes (and the appropriate successful action is achieved).

In the mean time, I'm going to boost my investment a little before Friday (getting to more than 3 cents before March 2012 can't be that risk-ridden, can it?:eek:)
 

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Can someone explain why they are doing a raising to get a mere $60,000 - the costs will probably eat up half!!!!!!!!!!

and the price is $0.001 so I can get my whole allocation with a few days beer money!!!
 
:)

Hi folks,

RMR ... we will be alert for a positive move, later this week,
as a significant and positive aspect comes into play ..... :)

have a great day

paul

:)

=====
 
Some good volume in RMR today, it was up strongly in the morning by 20% or so until what looked like a capper made his presence felt at around 3c.

The options have a strike price of 3c which is where the heads are now and so the 1c price of the options does have its attractions.

GGG are also operating exploration in Greenland and GGG remains suspended awaiting an ANN possibly due tomorrow.

GGG has gone from 10c to around 90c and news on the Greenland government' s propsensity to increase mining tennements should also have a positive effect on RMR which brings me back to the options looking attractive.

DYOR

EB
 
Great news today from Wired Science

http://www.wired.com/wiredscience/2...+wired/index+(Wired:+Index+3+(Top+Stories+2))

China has officially announced it will launch a program to develop a thorium-fueled molten-salt nuclear reactor, taking a crucial step towards shifting to nuclear power as a primary energy source.

If the reactor works as planned, China may fulfill a long-delayed dream of clean nuclear energy. The United States could conceivably become dependent on China for next-generation nuclear technology. At the least, the United States could fall dramatically behind in developing green energy.

“President Obama talked about a Sputnik-type call to action in his SOTU address,” wrote Charles Barton, creator of the Nuclear Green Revolution blog, on the Energy From Thorium discussion forum. “I think this qualifies.”

While nearly all current nuclear reactors run on uranium, the radioactive element thorium is recognized as a safer, cleaner and more abundant alternative fuel. Thorium is particularly well-suited for use in molten-salt reactors, or MSRs. Nuclear reactions take place inside a fluid core rather than solid fuel rods, and there’s no risk of meltdown.

In addition to their safety, MSRs can consume various nuclear-fuel types, including existing stocks of nuclear waste. Their byproducts are unsuitable for making weapons of any type. They can also operate as breeders, producing more fuel than they consume. Blah Blah Blah....

****** end quote

1. Not using uranium and byproducts are unsuitable for making weapons of any type. this mean in theory they can sell reactor/know how to rogue states of the world such as Iran and North Korean without the fear of breeding nuclear wepaons or weapons of any kind.

2. A new system of zero meltdown risk. Great!

3. New energy of the future!!!!! Great!!!!!

4. If you hold shares in RMR, you lucky bastards!!!!!!!! Not only is RMR into gold and rara elements, from what is written, it show that from the latter thorium is one of the by-product they can mine, once they get the greenlight from Greenland..

5. B. About Niobium
Niobium and tantalum have a strong geochemical coherence and usually occur together in nature. Besides tantalum, niobium is most commonly associated with thorium, titanium and lanthanides (REE). Niobium (Nb) is soft and ductile and characterized by high melting and boiling points. (Sources: http://www.proactiveinvestors.com.au/sponsors/1429/ram-resources-1429.html)

6. With all these potentials, RMR is currently trading at only 2.5c with current shares issued of under 550m. I think this won't be the case for long once.

7. Should also start looking at other company that are really into thorium.... please list them in reply if you know any other. Would GGG who is next to RMR in Greenland be one?
 
“The U.S. helped guarantee China’s position at the top of the rare earths market when it removed American mining and production capabilities. With the closure of the Mountain Pass mine and the sale of domestic production facilities, the U.S. became almost completely import-dependent for its supply of rare earth metals,” the report noted.

China’s monopoly of the rare earths market has allowed it to manipulate this market by restricting production, using export quotas to limit global supply, and increasing taxes on rare earth metals. The Organization for Economic Cooperation and Development has estimated that non-Chinese producers pay at least 31 percent more for raw rare earth metals than Chinese producers.10 As a result; a black market in rare earths has developed.

US says dependence on China for rare earth is economic, national security risk – International Business Times

Sources:
http://www.ibtimes.com/articles/109...an-security-project-research-emily-coppel.htm
 
Ok ppl, this just came in half an hour ago. I'm afraid this semi-analytical article is showing a company like RMR in a very depressive mode as far as REEs production is concerned.

Quotes:

"There's probably room in this space for no more than five or six projects outside of China," said Hykawy, who said investors need to be picky about which projects they back.

But in 2011, investors are increasingly dropping the long-shots and buying into projects that at least have a good chance of crossing the finish line.

End quote:

So can RMR and "Greenland"(but will the local greenland gov ever want to?) cross the finish line(production)?

Source:http://www.cnbc.com/id/41591113
 
RMR have a lot happening from the Fraser Range, WA to Greenland. A rights Issue is looming for $1.5m for drilling and survey purposes with tenements 18km from SIR's Nova strike and alongside their recent reasonable drilling results.

Having said that, Ram Resources are now tied in with the UK's Regency Resources who is selling their tenements to Ram Resources in exchange for shares priced at 0.15c each, royalty of 1%, and a condition on the rights issue that it must not be less than 0.15c per share.

A lot to think about as the shares trade between by 0.2c and 0.4c after briefly hitting 0.6c.
 
noirua said:
RMR have a lot happening from the Fraser Range, WA to Greenland. A rights Issue is looming for $1.5m for drilling and survey purposes with tenements 18km from SIR's Nova strike and alongside their recent reasonable drilling results.

Having said that, Ram Resources are now tied in with the UK's Regency Resources who is selling their tenements to Ram Resources in exchange for shares priced at 0.15c each, royalty of 1%, and a condition on the rights issue that it must not be less than 0.15c per share.

A lot to think about as the shares trade between by 0.2c and 0.4c after briefly hitting 0.6c.
Click to expand...

Matters are boiling up between Ram Resources RMR and Regency Mining LSE:RGM as two directors from RGM are due to join Ram's board. They should bring drilling and assay experience from RGM's mining interests and tie up with Red Rock Resources LSE:RRR.
RMR are due to raise $250k shortly, part of the agreement to raise $1.5m with RGM.
 
noirua said:
Matters are boiling up between Ram Resources RMR and Regency Mining LSE:RGM as two directors from RGM are due to join Ram's board. They should bring drilling and assay experience from RGM's mining interests and tie up with Red Rock Resources LSE:RRR.
RMR are due to raise $250k shortly, part of the agreement to raise $1.5m with RGM.
Click to expand...

Time passes, over 6 months, and everything has come to pass with a very heavy dilution of present shareholders. The share price peaked at 0.6c and traded at only 0.2c before the announced placing and came back to trade at 0.1c after the announcement.
$1.5m raised at just 0.03c and a consolidation of 1 for 30.
 
"Resources" and "Rogues" is often used in the same sentence.

40 years in the market and even the president of their institute agrees a "Jorc" should always be queried.

My big money is in the top 100 and optionable stocks
 
RMR shares are in 'Trading Halt' concerning ats announcement regarding the 80% option over the Keel Zinc Project. The shares have fallen over 95% over the years due to cash raising dilutions but are up about 200% from the low point.
 
noirua said:
RMR shares are in 'Trading Halt' concerning ats announcement regarding the 80% option over the Keel Zinc Project. The shares have fallen over 95% over the years due to cash raising dilutions but are up about 200% from the low point.
Click to expand...
very hard to climb back up after falling off a cliff
 
freebird54 said:
very hard to climb back up after falling off a cliff
Click to expand...

Only stocks I've held that climbed back up the cliff were Felix Resources (Auiron Energy) and St Barbara Mines (Endeavor Resources.
St Barbara hit 25c in 1986 before falling to under 2c in the 1987 crash. In 1995/1996 the stock peaked at just under $3.00.
Felix Resources rights issue was 18c a share in 1999 and rose rapidly in 2000 to $1.35. After this was a long slide down to 3.5c in 2003. The equivalent price in 2008 was $2.30 at the peak, slid to 49c in 2009 before being taken over by Yanzhou for $1.805 a share plus a share in SASE eventually worth 10c each in 2011.
 
Not sure at all as to the value of Ram Resources. The Keel Zinc project could be a company maker or sinker in more ways than one.
 
On April 10th, 2018, Longford Resources Limited (LFR) changed its name and ASX code to New World Cobalt Limited (NWC).
 
Well yes. Once Ram Resources RAM and the Longford Resources LFR and then New World Cobalt NWC. Appear to have given up on The Fraser Range exploration after many promising announcements. Drilling away then in Northern Ireland and then in the States.

An unsuccessful cash raising at 5c was a setback and the shares have fallen away. Looks promising in America but many small foreign outfits have trouble getting partners as THOR have out there across the pond.

It's a gamble on success and patience is needed in terms of years. A punt on unexpected great success or maybe your research sees me being too pessimistic.
 
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