OXR - Oxiana Limited

[Ann]

remember that OXR owns 25% of TOR...

TOR may outperform in the short term after listing, but id say this would reflect in the sp of OXR, rather than OXR falling at the expense of TOR...

Certainly wouldn't argue with you about that Nizar. I feel ultimately it will be an excellent move by OXR to have a separate but close company for their Uranium interests.

Two halves being greater than one whole....... as it were.

 

[laurie]

TOE [ not TOR ] will have 100% in the near future I think the 25% stake held by OXR and 25% held by Minotaur is to allow their shareholders a piece of the cake and a bouble bonus for Oxiania and Minotaur sharesholders to get a Capital Return back from the sale which will be funded by TOE spp/capital raising by non-retail investors...just MHO

cheers laurie

 

[kariba]

OXR is just such a great stock - forms the staple of my portfolio ATM. A good report on it's potential is at:

http://www.aireview.com/index.php?act=view&catid=2&id=3620

Certainly worth a read.

Regards

 

[laurie]

OXR sp moving up in anticipation of TOE IPO this friday :

cheers laurie

 

[redandgreen]

i think there might be another reason for OXR SP surge....how come MEP didn't go up today.
Copper prices has to be the explanation for OXR or the fabled takeover drawing near....

 

[michael_selway]

i think there might be another reason for OXR SP surge....how come MEP didn't go up today.
Copper prices has to be the explanation for OXR or the fabled takeover drawing near....

what is the "fabled takeover drawing near"

thx

MS

 

[laurie]

what is the "fabled takeover drawing near"

thx

MS

Xstrata.....

cheers laurie

 

[bvbfan]

There was also a resource upgrade as well.

But copper testing highs and zinc hitting multi year highs which is now OXR biggest cash generator didn't hurt.

Still hope the t/o (takeover offer) doesn't eventuate until $4 or so

 

[nizar]

Look at that buy depth!

there's no way this things going below $2.29 today!

BUYERS SELLERS
Orders Quantity Price Price Quantity Orders
15 235,963 2.300 1 2.310 132,149 9
10 149,642 2.290 2 2.320 102,580 9
5 106,292 2.280 3 2.330 83,050 7
8 274,500 2.270 4 2.340 276,300 12

 

[kevo]

Great Stock! The analysts make me laugh with their 2007 Gold, Silver and Copper forecasts. All OXR surprises will be to the upside. Yesterday's breakout to new highs on massive volume says it all.

Oxiana Revise Net Mineral Resources
Total Oxiana Group Mineral Resources at year end, net of mining depletion, are estimated to contain an estimated 7.1 million ounces of gold, 72 million ounces of silver, 3.7 million tonnes of copper, and 0.9 million tonnes of zinc (0.5g/t Au, 0.5% Cu, 0.5% Zn cut-off). This represents an increase of 900,000 ounces of gold, 28 million ounces of silver, 700,000 tonnes of copper, and 900,000 tonnes of zinc over 2004 estimates. This is a substantial increase in the value of Oxiana’s Resource base.
At Sepon a reduction in oxide gold Resources of 0.9Moz of gold was due to development of more tightly constrained Resource models and to depletion. Significant mineralisation with potential to become new deposits was discovered in 2005, however insufficient drilling had been undertaken by year end for them to be fully represented in this Resource Statement. It is expected that this new material will be converted to Resources in 2006. At Prominent Hill in South Australia, 1.0Moz of gold were added through additional drilling of the eastern gold only zone and the acquisition of Golden Grove in Western Australia contributed 0.6Moz. Overall, silver Resources rose through the acquisition of Golden Grove. An additional 1.0 million tonnes of contained copper was added to the copper Resource inventory made up of approximately 700,000 tonnes from the Thengkham discoveries at Sepon and 300,000 tonnes from Golden Grove. The acquisition of Golden Grove added 903,000 tonnes of zinc and 126,000 tonnes of lead to the Resource inventory in addition to the gold, copper and silver Resources above.
The remodelling noted above, along with the redefinition of oxide-primary gold boundaries and incomplete Resource to Reserve conversion work, resulted in gold Reserves at Sepon being reduced to 0.4 million ounces net of mining depletion. Some of the potential new deposits identified in 2005 require further drilling before being available for conversion to Resources and then Reserves.

These Reserves are currently derived from the oxide and partial oxide Resource base. Copper Ore Reserves at the Khanong deposit were updated following the completion of grade control and limited extension drilling programs and remain essentially unchanged net of depletion from 2004.

Contained metal in Ore Reserves at Golden Grove increased to 453,000 tonnes of zinc, 128,000 tonnes of copper, 238,000 ounces of gold, 13 million ounces of silver and 56,000 tonnes of lead. An initial Ore Reserve for Prominent Hill is anticipated mid-2006. 2006 Resource and Reserve Program.At Sepon the gold focus will be on conversion of identified Resources to Reserves along with the ongoing program to outline Resources at new discoveries and quickly convert them to Reserves. It is expected that the primary gold Resources will be available for conversion to Reserves when feasibility studies have been completed. The copper focus will be on continuing to increase the Resource and Reserve base at Thengkham and Khanong as part of the copper expansion feasibility study.

Further conversion of Golden Grove Resources to Reserves is expected in addition to further testing of Resource potential at depth and along strike.

At Prominent Hill an updated Resource and an initial Reserve will be announced when available as part of the Bankable Feasibility Study. This Reserve optimisation work involves an extensive Group-wide drilling and evaluation program which is well underway at all sites. Further intensive exploration and Resource development drilling also continues across the Company’s highly prospective property portfolio
with up to 25 drill rigs active.

KEVO

 

[nizar]

Look at that buy depth!

there's no way this things going below $2.29 today!

BUYERS SELLERS
Orders Quantity Price Price Quantity Orders
15 235,963 2.300 1 2.310 132,149 9
10 149,642 2.290 2 2.320 102,580 9
5 106,292 2.280 3 2.330 83,050 7
8 274,500 2.270 4 2.340 276,300 12

OOps...

Oh well... Ive been wrong before

Doesn't matter, when toro floats at 40-70c+, OXR will reach new highs

 

[bvbfan]

Toro will have little or no impact on OXR share price, unless it opens at some crazy price like $2 which isn't going to happen.

 

[nizar]

Toro will have little or no impact on OXR share price, unless it opens at some crazy price like $2 which isn't going to happen.

why do u say this?

they hold 25% of toro...

that 25% on the offer price is worth $9million. If toro opens at say 70c, then their stake is worth $25million plus...

so their assets have grown, and this should be reflected in the share price...

 

[bvbfan]

Ok use your $25million value to OXR for TOE that is worth 25/1300
or about 2c which is less than 1% of current OXR share price

I don't believe thats of relevance to OXR when you'd get the same effect from couple of cent rise in Cu and Zn prices

 

[laurie]

The thing thou is the money left over from the TOE scale back could go to OXR by default with people thinking lets get in through the back door with OXR 24.1% stake then again I may well be wrong
of course if Xstrata is sniffing around then that stake would add to OXR value and we all know they are after Uranium since missing out on WMC
cheers laurie

 

[redandgreen]

The thing thou is the money left over from the TOE scale back could go to OXR by default with people thinking lets get in through the back door with OXR 24.1% stake then again I may well be wrong
of course if Xstrata is sniffing around then that stake would add to OXR value and we all know they are after Uranium since missing out on WMC
cheers laurie

tend to agree with you on this mate...

 

[redandgreen]

continuing to move up....Is it uranium (via TOE)? Is it copper? Is it gold? Is it Xstata?

 

[michael_selway]

continuing to move up....Is it uranium (via TOE)? Is it copper? Is it gold? Is it Xstata?

dude base metal prices exploded yesterday

http://www.kitcometals.com/

thx

MS

 

[redandgreen]

I'm afraid the "explosion of base metal prices" does not explian OXR continued, comparative outperformance......

 

[michael_selway]

I'm afraid the "explosion of base metal prices" does not explian OXR continued, comparative outperformance......

Hi what do u mean "comparative outperformance" in this context?

thx

MS