PNN - Power Minerals

mmmmining · 19 February 2007

Hi, guys,

To have a quick study on what Chinese are selling, and what Chinese are buying will give you a clue what they are going to do next.

If I said that Australian is buying iron ore from Brazil, you will laugh at me. How about Chinese is buying oil from Australia? No way, Jose, we don't have enough for ourself.

Look, in Australia the first move from Chinese is iron ore. As far as I know, the second move is LNG. The next big things are nickel and uranium IMPO. I guess if we have oil, it must be on their top move.

Why?

They don't have enough. According to my sources and research, Chinese is seriously lake of: oil, uranium, iron ore, nickel, copper. There is what they are after all over the world.

It is very logical that they are after uranium, which Australia is considered to have one-third of economic recoverable resources in the world.

Don't laugh at me about my assessment about the undervalued uranium assets. There are a lot that still available. There are a lot of rules to play the uranium game. EV/lb is only one of them. For example, who owns a lot of promising lands? If you study hard enough, you will find a few...

Sean K · 19 February 2007

Noskcid said:
Yes I have read it, I've read all of it (some just a lil old thou). And if you have read my info, im new to this atm, if you ask me property or what I think about interest rates ill have a lot to say, but here yes Im looking for peoples ideas and expressing what I think of it as a new commer

Im not fishing for updates, as I have been reading up on it, but just wanna know if how I look at it is correct or if im missing anything

I have asked what some abrevs was, what some quotes mean etc. I have pre-apologised if the questions was in the wrong thread, so if they are where can I ask those questions? I do hold some BHP from a while ago and other shares but not a pro.

Undervalued U play?? As in the share value is under estimated value??

Hey, just checking where you are at here. Welcome aboard. I haven't been following this one too closely but will have a look and be back at you in a day or so. I'm in a airport at the moment.....

Noskcid · 19 February 2007

All good Kennas, thanks for the welcome , you on holiday or a business trip? Either way I hope it was a good one. What I said wasn't supposed to be offensive if it did seem so, but I'm just not very good with my wording with things.

mmmmining, yeah I think I get the drift of what you are trying to say here

Nice meeting you guys

56gsa · 20 February 2007

Noskcid said:
I've been looking at the PNN news for the last 2 months. From what I been reading, because sinosteel invested 60% ownings on PNN's U mine. Also as China would be one of the biggest comsumptions of this material, they would obviously buy from a company that is part chinese owned (as the money would still be circulating between themselves). Also with the agreement with Australia for exporting U to China, would this mean PNN at the current price is a good buy?, as it is a junior company but with the input from sinosteel bringing up their cash flow for exploration and mining also from memory bringing up their networth from 90mil to 190mil??

What do people think? Or how else would I analyze this?

Noskcid - Sino haven't agreed to 60% yet - this will be known by early April hopefully - if not before. PNN has relatively low resource (14m lbs of U) compared some others but is or soon will be drilling to upgarde the resource as well as drill on new areas. These fields are in South Aust - considered more U-miner friendly along with NT. PNN have $9m in the bank so plenty of cash to drill their U deposits as well as nickel and gold potential deposits.

What other ones would you recommend I have a look at and why??
(some others I have been looking at include AGS,BMN,WMC,PDN,SMM,ERA???)

Also whats the sp?? As in how does it work?

sp = share price
for other stocks also check "uranium stocks"

all the best with your research

mmmmining · 20 February 2007

56gsa said:
Noskcid - Sino haven't agreed to 60% yet

I guess is not SinoSteel has not agreed to 60%. The reality is that they never had enough.

It is the paper work slow down the process, as it is the first of this kind. Our government want to double and triple check everything, include the Chinese characters. Anyone know Chinese?

Noskcid · 20 February 2007

LOL!!! yeah but not enough,

okies, I was told it meant something else (sp), as in how much the company lets the public know of its situation etc. or hide it from public. But okies, Thanks.

mmmmining · 20 February 2007

Noskcid said:
LOL!!! yeah but not enough,

okies, I was told it meant something else (sp), as in how much the company lets the public know of its situation etc. or hide it from public. But okies, Thanks.

According to my observation, it is a done deal. Austrade is the broker for the deal, so Austrade should work as hard as possible to close the deal for them.

There is nothing the company could hide. The management is good, and learning fast in dealing with Chinese. The latest $2 per share convertible payment is a good example.

The recently alliance between SinoSteel and Chinese National Nuclear Corp- CNNC is a very powerful indicator that they want more in Australia.

Noskcid · 20 February 2007

mmmmining said:
According to my observation, it is a done deal. Austrade is the broker for the deal, so Austrade should work as hard as possible to close the deal for them.

There is nothing the company could hide. The management is good, and learning fast in dealing with Chinese. The latest $2 per share convertible payment is a good example.

The recently alliance between SinoSteel and Chinese National Nuclear Corp- CNNC is a very powerful indicator that they want more in Australia.

Thats what I thought, from what I read but I thought I missed something.

Nar I thought sp meant that, well thats what someone told me. Meanwhile someone else said it stands for the returns on the share. Now I know it stands for share price.

Although I didn't know about the alliance with CNNC, when was that?

Noskcid · 20 February 2007

56gsa said:
PNN have $9m in the bank so plenty of cash to drill their U deposits as well as nickel and gold potential deposits.

all the best with your research

That is including the funds sinosteel deposited with PNN?

sydney1963 · 20 February 2007

Noskcid said:
Thats what I thought, from what I read but I thought I missed something.

Nar I thought sp meant that, well thats what someone told me. Meanwhile someone else said it stands for the returns on the share. Now I know it stands for share price.

Although I didn't know about the alliance with CNNC, when was that?

It is in the PNN web site, last month.

mmmmining · 20 February 2007

Noskcid said:
Although I didn't know about the alliance with CNNC, when was that?

Here is the news
http://www.forbes.com/afxnewslimited/feeds/afx/2007/02/14/afx3424978.html

Also, to reinforce my argument, the CNNC has signed a similar agreement with CITIC before. The Australia arm of CITIC is ASX: CAL. CAL is substaintial shareholder for MTN, and SAU (include the uranium spin off)

To summarize the situation, Current Chinese has an interests in:

PNN (SinoSteel)
MTN (CITIC)
SAU (CITIC)
USA (CNNC)

Less extend:

CMR (Hunan Non-ferrous might extend it to uranium)
Angela Deposit (CNNC applying)

Chinese would not target any near-term producer because it would like to have mixed of medium term and long term company. This means that they are targeting mix of advanced explorers, brownfield projects, and greenfield projects. Why they are doing that? Because it will meet their growing nuclear power needs.

In addition to the immediate needs, they want more for their strategic reserve.

It is very interesting that their investment is focused on SA, and a bit in NT. These is because Chinese believes concept of geologic region. Believe it or not, they hope they can find another Olympic Dam.......

Noskcid · 20 February 2007

sydney1963 said:
It is in the PNN web site, last month.

Yeah It was on their website, but also on a few other papers, which i'll have to try and find, I read it then gave them to a friend. I'll try and find the link, but it pretty much said the same thing as what their website said.

Noskcid · 20 February 2007

mmmmining said:
It is very interesting that their investment is focused on SA, and a bit in NT. These is because Chinese believes concept of geologic region. Believe it or not, they hope they can find another Olympic Dam.......

I just thought it was because the mining regulations for U isn't as tight in SA, but they hoping to find another Olympic Dam.. Interesting!!!!

Noskcid · 21 February 2007

Can anyone give me some cons, cause atm most of the articles im reading seems to be pro for them???

Thanks in Advance

mmmmining · 18 March 2007

PNN shares is dropping recently. It might caused by uncertainty for the Sinosteel deal, or the general correction of uranium stocks.

The deal is legally binding agreement only subject to obtaining government approvals. We understand that the delay is caused by bureaucracy, particularly on Chinese side . The Chinese government virtually want to see where each hard-earned foreign currency goes since there are so many corruptions involving government officials. The lengthy Chinese approval time for CMR's JV is an example.

The deal is $30.5m for 60% of Curnamona project (all commodities), and $5m contribution for bankable feasibility on the uranium resource, and $6m for exploration for other commodities.

By giving away 60% of the project, it will cost nothing for PNN to do the BFS and finding extra uranium resources in that area.

PNN can have around $40m budget ($30.5m+$9m cash) to explore nickel and gold projects. What an exploration budget for a junior!

If PNN breaks off with SinoSteel, it still has $11m ($9m cash+$2m from Sinosteel) in the bank, and take a heartbeat to find another JV partner with much better deal. I guess 60% of the Curnamora will cost at least $60m.

Either way, PNN is a serious uranium play with advanced uranium project, and huge upside on nickel.

56gsa · 18 March 2007

chart looks like there is support at 1.37 and resistance at 1.58-1.60 ... if we see a move thru this resistance with 450k+ volume then positive sign

i see recent decline as low volume in the face of feb28 & overall U correction ... but then with PNN chinese whispers seem to play a role - sharp move up before sept-11 announcement, decline before feb-8 extension of agreement... so i'd be watching how this moves early april before apr-8 deadline ...

56gsa · 22 March 2007

that was quick! now at 1.60 ... but doubt it will breakthrough today... needs some more buyers

56gsa · 22 March 2007

u know what - i've now figured out why no one takes this company seriously - people have issues trusting a mining/uranium company that sounds like a type of pasta...

UraniumLover · 22 March 2007

:blover: Well.. PNN.. what a day. Went up 20% today . Wonder how how this will go? :blover: lovin PNN :blover:

56gsa · 22 March 2007

I'm in love with this one too U_lover - my all-time favourite infact since I met her at 0.36 ...

have posted this on another thread re Yogi (the enigmas) astro-stuff on PNN...

yogi-in-oz (my comments in orange) said:
06022007 ... positive news expected here. ANNOUNCEMENT 7/2
22022007 ... minor and intraday rally? 176 low up to 187 high
23-26022007 ... minor and positive PEAK OF THE RETRACEMENT
---
March 2007.
05032007 ... significant and negative 151 down to 135 low
22032007 ... significant and positive news ... TODAY 144.5 to high of 175

Now that I have your attention, the rest of Yogi's story was overall positive and went something like this...

yogi-in-oz (my comments in orange) said:
March 2007.
Adelaide uranium conf today/tomorrow - PNN presenting tomorrow - could this be reason for rise today - rumours about Sino??
23-26022007 ... positive news expected.
27032007 ... minor
-----
April 2007.
8 April Announcement re Sino deal is due
13-16042007 ... 2 minor and positive cycles here
17042007 ... minor
April 19th (I think?) Labor conference
26042007 ... positive spotlight on PNN ...
30042007 ... positive news expected here
-----
May 2007.
11-14052007 ... 2 minor and positive cycles here
23052007 ... minor
25-28052007 ... minor
-----
June 2007.
01-04062007 ... minor and positive news
11-12062007 ... significant and negative ... finances???
27-28062007 ... minor, positive light on PNN
30062007 ... minor and positive news
-----
July 2007.
02-03072007 ... good news, but flat trading here ???

PNN - Power Minerals

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