- Joined
- 1 May 2006
- Posts
- 561
- Reactions
- 0
Big Bwacull thanks for the reply-just wondering if it could do a FWL if there isnt much left to chase
POL - Polaris Metals
- Thread starter YOUNG_TRADER
- Start date
-
- Tags
- pol polaris metals
- Joined
- 1 January 2007
- Posts
- 317
- Reactions
- 1
Hey BIG BWACULL...
This is great info thanks.... is this something etrade gives you with there standard tools? ...
This company lets more secrets out every time you review it....
thanks
- Joined
- 20 July 2006
- Posts
- 237
- Reactions
- 0
well Mick...for what it's worth...POL is being talked about(aka ramped) a fair bit on HC...someone is saying that the jorc is going to be out very very soon....any news back from POL on your queries yet?
I am not too familiar with HC but have seen this same type of comment aimed at FNT. Mick seems to post at both forums. He backs up all his work better than I ever could do. I cannot call this ramping. Are you suggesting that if anyone talks about a stock at HC it is automatically ramping?
- Joined
- 20 July 2006
- Posts
- 237
- Reactions
- 0
Well from the specky stocks i follow, what i've seen on HC...it's usually pretty blatant...
I havent seen micks posts at HC so wasnt referring to his comments as ramping...in fact i like his style in getting people genuinly interested in stock.......lets hope we have another good day tomorrow with all the iron-ore juniors that are coming into play on this forum. I'm still trying to decide whether to get more of this gear or get some YML while its down....
I'm in the same scenario, bt YML is still abit far from production, with nickel price falling, CB project could be in doubt. BUT its a bargain at the current price level! decisions decisions...
the following article is taken from bloomberg overnight and shows why iron ore is hot at the moment, now the steelmakers want to control their own supplies, making every junior iron ore company a target!!
Mittal to Control 80% of its Iron Ore to Counter Rio (Update1)
By Dale Crofts
June 20 (Bloomberg) -- Arcelor Mittal, the world's biggest steelmaker, plans to produce about 80 percent of the iron ore it uses within the next decade to protect itself against price increases from the three companies that dominate the market.
Mittal wants to boost supplies from the current 45 percent of the ore it uses by buying mines near its manufacturing facilities across the world, Chief Executive Officer Lakshmi Mittal said today at a steel conference in New York.
Mittal is buying iron-ore facilities in Senegal and Liberia to counter the market power of BHP Billiton Ltd., Rio Tinto Plc and Brazil's Cia. Vale do Rio Doce, which together control about 80 percent of the world's iron ore and are boosting prices for the raw material used to make steel.
``We want to have a completely integrated business model,'' Mittal said at the conference. High-cost new projects the iron- ore companies are developing will make it ``difficult'' for prices to decline substantially, he said.
Steelmakers worldwide are seeking to secure their own supplies of iron ore after benchmark annual prices rose for a fifth consecutive year, reaching a record. Iron ore accounts for almost a quarter of the cost of making hot-rolled coil steel, the biggest single cost, according to Credit Suisse.
Mittal agreed in February with Senegal's government to invest $2.2 billion in a project that will produce as much as 25 million metric tons of ore a year. The company's $1 billion project in Liberia will add 15.5 million tons.
Record New Projects
BHP and rival mining and energy companies are planning a record A$43.4 billion ($36.2 billion) of new projects in Australia, including iron-ore mines, the government's commodity forecaster said May 16. Rio Tinto, the world's second-largest supplier, plans to raise annual output to 300 million tons.
China's economy, the world's fourth-largest, grew at an annual rate of 11.1 percent in the first quarter, accelerating from 10.4 percent in the previous three months. The growth has spurred demand for materials to build skyscrapers, bridges, roads and cars. Steel-product output in China, supplier of one-third of global steel, rose 21 percent in April, the National Bureau of Statistics said today. Industrial output rose 17.4 percent, the agency said.
Mittal to Control 80% of its Iron Ore to Counter Rio (Update1)
By Dale Crofts
June 20 (Bloomberg) -- Arcelor Mittal, the world's biggest steelmaker, plans to produce about 80 percent of the iron ore it uses within the next decade to protect itself against price increases from the three companies that dominate the market.
Mittal wants to boost supplies from the current 45 percent of the ore it uses by buying mines near its manufacturing facilities across the world, Chief Executive Officer Lakshmi Mittal said today at a steel conference in New York.
Mittal is buying iron-ore facilities in Senegal and Liberia to counter the market power of BHP Billiton Ltd., Rio Tinto Plc and Brazil's Cia. Vale do Rio Doce, which together control about 80 percent of the world's iron ore and are boosting prices for the raw material used to make steel.
``We want to have a completely integrated business model,'' Mittal said at the conference. High-cost new projects the iron- ore companies are developing will make it ``difficult'' for prices to decline substantially, he said.
Steelmakers worldwide are seeking to secure their own supplies of iron ore after benchmark annual prices rose for a fifth consecutive year, reaching a record. Iron ore accounts for almost a quarter of the cost of making hot-rolled coil steel, the biggest single cost, according to Credit Suisse.
Mittal agreed in February with Senegal's government to invest $2.2 billion in a project that will produce as much as 25 million metric tons of ore a year. The company's $1 billion project in Liberia will add 15.5 million tons.
Record New Projects
BHP and rival mining and energy companies are planning a record A$43.4 billion ($36.2 billion) of new projects in Australia, including iron-ore mines, the government's commodity forecaster said May 16. Rio Tinto, the world's second-largest supplier, plans to raise annual output to 300 million tons.
China's economy, the world's fourth-largest, grew at an annual rate of 11.1 percent in the first quarter, accelerating from 10.4 percent in the previous three months. The growth has spurred demand for materials to build skyscrapers, bridges, roads and cars. Steel-product output in China, supplier of one-third of global steel, rose 21 percent in April, the National Bureau of Statistics said today. Industrial output rose 17.4 percent, the agency said.
Hey guys just received a response from the MD of POL, looks like he is keeping things close to his chest.
Points of note they have received the results from Goldsworthy now compiling the results, so results should be out soon.
Have had joint venture discussions but nothing concrete.
Drilling restarting in August, and non iron ore assets will be spun off before years end.
I will have to try and sweet talk him a bit more in the future to see if I can get any more info from him, remember it takes a while to develop trust.
Hello Kevin,
Thank you for the top 20 shareholder list, very much appreciated.
I am currently a member of a couple of share forums in which quite a few members are holders of Polaris shares and I was wondering if I posed a list of questions from the members if you would be able to answer the questions where available, instead of fielding numerous phone calls.
Anyway here goes.
1. How is the company going in regards the recent drilling at the Goldsworthy Project, have the samples been sent to the lab with the results still awaited?
Drilling completed, most assays in and being assessed as to significance, will announce as soon we have information that should be disclosed otherwise in the quarterly activities report.
2. When does the company anticipate being in a position to release the results of the recent drilling at Goldsworthy, days/weeks/months?
See above
3. The Lion Group has recently been aquiring a larger stake in the company, have there been any discussions in regards possible takeover of Polaris?
No
4. Has the Lion Group discussed the options of signing an offtake agreement in regards first ore shipped from Poondano?
Not specifically
5. Have the company been approached or seeking Joint Ventures to speed up the exploration of some of the more significant tennements?
Yes but no decision on any agreements
6. What is the timeframe involved regarding the spin off of the non iron ore assets?
Expecting SXG IPO completion before the end of 2007
7. Now that the company has secured funding for exploration, what is the likely order (which projects) of exploration drilling?
Poondano, Bungalbin Aurora, Johnston Range, Ashburton
8. When is the company likely to commence the next round of exploration drilling?
August 2007
9. In the companies opinion what is the likelyhood of Portman mining on Polaris tennement thus activating the 2% royalty?
Portman can answer
10. In the current environment of hightened focus on the Iron Ore sector, is the company planning any roadshows/presentations/broker reports to spread the word of Polaris's potential?
Yes when time permits
It is always good to know that a company is willing to communicate with its shareholders.
Regards
And thanks again
Michael
Points of note they have received the results from Goldsworthy now compiling the results, so results should be out soon.
Have had joint venture discussions but nothing concrete.
Drilling restarting in August, and non iron ore assets will be spun off before years end.
I will have to try and sweet talk him a bit more in the future to see if I can get any more info from him, remember it takes a while to develop trust.
Hello Kevin,
Thank you for the top 20 shareholder list, very much appreciated.
I am currently a member of a couple of share forums in which quite a few members are holders of Polaris shares and I was wondering if I posed a list of questions from the members if you would be able to answer the questions where available, instead of fielding numerous phone calls.
Anyway here goes.
1. How is the company going in regards the recent drilling at the Goldsworthy Project, have the samples been sent to the lab with the results still awaited?
Drilling completed, most assays in and being assessed as to significance, will announce as soon we have information that should be disclosed otherwise in the quarterly activities report.
2. When does the company anticipate being in a position to release the results of the recent drilling at Goldsworthy, days/weeks/months?
See above
3. The Lion Group has recently been aquiring a larger stake in the company, have there been any discussions in regards possible takeover of Polaris?
No
4. Has the Lion Group discussed the options of signing an offtake agreement in regards first ore shipped from Poondano?
Not specifically
5. Have the company been approached or seeking Joint Ventures to speed up the exploration of some of the more significant tennements?
Yes but no decision on any agreements
6. What is the timeframe involved regarding the spin off of the non iron ore assets?
Expecting SXG IPO completion before the end of 2007
7. Now that the company has secured funding for exploration, what is the likely order (which projects) of exploration drilling?
Poondano, Bungalbin Aurora, Johnston Range, Ashburton
8. When is the company likely to commence the next round of exploration drilling?
August 2007
9. In the companies opinion what is the likelyhood of Portman mining on Polaris tennement thus activating the 2% royalty?
Portman can answer
10. In the current environment of hightened focus on the Iron Ore sector, is the company planning any roadshows/presentations/broker reports to spread the word of Polaris's potential?
Yes when time permits
It is always good to know that a company is willing to communicate with its shareholders.
Regards
And thanks again
Michael
Hey guys here is a copy of the top 20, remember the ANZ nominees holdings are actually shares held for the Lion Group of Malaysia as they are using ANZ to increase their holdings.
Current top 20 shareholders list:
HERON RESOURCES LIMITED
29,729,730
26.78%
LION DIVERSIFIED HOLDINGS
10,094,123
9.09%
ANZ NOMINEES LIMITED
6,600,207
5.94%
BELL POTTER NOMINEES LTD
3,343,381
3.01%
BELL BAY INVESTMENTS PTY LTD
2,480,533
2.23%
NEFCO NOMINEES PTY LTD
1,600,000
1.44%
RED PUMA PTY LTD
1,270,000
1.14%
MASEN PROPERTIES PTY LTD
1,220,000
1.10%
GOLDMARK INVESTMENTS PTY LTD
1,058,873
0.95%
MRS JENNY MERYN MILLS
1,000,300
0.90%
PETERBOROUGH NOMINEES PTY LTD
1,000,001
0.90%
MRS BRUNA TONSIC
1,000,000
0.90%
MRS DOROTHY MARGARET SCHULTZ
911,268
0.82%
RAVINA LTD
900,000
0.81%
DBS VICKERS SECURITIES
790,000
0.71%
MS JULIAN FENG
768,296
0.69%
CITICORP NOMINEES PTY LIMITED
735,500
0.66%
MASEN PROPERTIES PTY LTD
718,644
0.65%
MR ROBERT JAMES GRUNDY
615,724
0.55%
PERTH SELECT SEAFOODS PTY LTD
600,000
0.54%
Current top 20 shareholders list:
HERON RESOURCES LIMITED
29,729,730
26.78%
LION DIVERSIFIED HOLDINGS
10,094,123
9.09%
ANZ NOMINEES LIMITED
6,600,207
5.94%
BELL POTTER NOMINEES LTD
3,343,381
3.01%
BELL BAY INVESTMENTS PTY LTD
2,480,533
2.23%
NEFCO NOMINEES PTY LTD
1,600,000
1.44%
RED PUMA PTY LTD
1,270,000
1.14%
MASEN PROPERTIES PTY LTD
1,220,000
1.10%
GOLDMARK INVESTMENTS PTY LTD
1,058,873
0.95%
MRS JENNY MERYN MILLS
1,000,300
0.90%
PETERBOROUGH NOMINEES PTY LTD
1,000,001
0.90%
MRS BRUNA TONSIC
1,000,000
0.90%
MRS DOROTHY MARGARET SCHULTZ
911,268
0.82%
RAVINA LTD
900,000
0.81%
DBS VICKERS SECURITIES
790,000
0.71%
MS JULIAN FENG
768,296
0.69%
CITICORP NOMINEES PTY LIMITED
735,500
0.66%
MASEN PROPERTIES PTY LTD
718,644
0.65%
MR ROBERT JAMES GRUNDY
615,724
0.55%
PERTH SELECT SEAFOODS PTY LTD
600,000
0.54%
- Joined
- 9 January 2006
- Posts
- 335
- Reactions
- 0
is it me or there r many female investors?!
Well Kevin Schultz is the MD so that explains one of them. As for the others, I have no idea. Traditionally, they would be just holding on behalf of their husbands for tax purposes but I would like (as one of their own) to think the times they are a changin' - perhaps they are members of Dorothy's Book Club? lol.
Love Zn
Becoming anaemic, need Iron.
- Joined
- 19 April 2007
- Posts
- 69
- Reactions
- 0
Also think HIH, very hard to obtain the assets from the director when he doesn't have any. Although I think I heard something about the law being changed, about change of ownership and still being able to get the assets after 5 years.
- Joined
- 20 July 2006
- Posts
- 237
- Reactions
- 0
Thanks for that Mick....the MD doesnt sound like a very excitable character...doesnt seem to want to market his company much given that these posts can potentially be read by thousands across different forums. He has everyones attention when he replies to these enquiries and probably should extrapulate what the company is doing in earnest to increase shareholder SP value....
- Joined
- 12 December 2006
- Posts
- 289
- Reactions
- 0
He cant say too much because if he says more than what has been announced on the ASX he will in be deep **** with ASIC. I think he's just being careful (and responsible). How would you feel if he gave some other forum extra info and you missed out?
POL reminds me very much of the early trading days of UMC after it acquired the iron ore tennements, very quiet just going about the business of uncovering large amounts of Iron Ore. As the results from Goldsworthy come out and any results from recent sampling campaigns the market will start to realise they are starting to shore up some nice resources, and that is when the brokers will start becoming interested and the profile of the company will be lifted.
Remember they are now very well funded $5.5 million in cash and $15 millionn in NTU shares, so the serious exploration will kick off very shortly.
It was their Uranium tennements they spun off into NTU look at the amount of money it has made not just POL but all the initial holders in the IPO of NTU. Management know what they are doing, by spinning off the non iron ore assets they can set up another company to search their extensive base metals assets, while freeing up time and capital to get their hands dirty in the search for iron ore.
With the shareprice going from 32.5-46c in a couple of days it will be interesting where it will find support for the next news related upswing, with the Lion Group in the background seeming to snap up plenty of shares around 40c their initial entry price, this level may become the new floor going forward.
Remember they are now very well funded $5.5 million in cash and $15 millionn in NTU shares, so the serious exploration will kick off very shortly.
It was their Uranium tennements they spun off into NTU look at the amount of money it has made not just POL but all the initial holders in the IPO of NTU. Management know what they are doing, by spinning off the non iron ore assets they can set up another company to search their extensive base metals assets, while freeing up time and capital to get their hands dirty in the search for iron ore.
With the shareprice going from 32.5-46c in a couple of days it will be interesting where it will find support for the next news related upswing, with the Lion Group in the background seeming to snap up plenty of shares around 40c their initial entry price, this level may become the new floor going forward.
there r still plenty of sellers at the moment, probably a bit of profit taking. what we are looking for now is an annoucement before the quaterly report, otherwise there will be a bit of decline in SP. bt if it does fall below 40c, i'm gonna top up a lil, its still too early to determine the support as investors are still trying to jump on the iron ore wagon.
some very interesting buying going on leading into, and continuing into the after 4 pm auction, very slow most of the day and then really started to heat up in the last hour or so.
Very strange heading into a weekend
Anyone care to guess why the sudden interest in the last hour of the trading week?
Very strange heading into a weekend
Anyone care to guess why the sudden interest in the last hour of the trading week?
- Joined
- 1 January 2007
- Posts
- 317
- Reactions
- 1
Yey Mic I noticed the same and just waiting to see if all the bid's go through as they seem to be growing ... will be very interesting if they do...
No guess here just yet but doing my home work... =
could be renewed interests in Iron Ore stocks, FWL YML and POL all went up sharply today. can someone find a figure on the Iron ore price?
