PRW - Proto Resources & Investments

[Donga]

Re: PRW - Proto Resources

News is all bad for Lindemans Bore and I have heightened respect for the geo techies in this forum Been a roller coaster week with MMR, BLY, BDL and KGL all providing plenty of action. Good to see the ASX recovering from the little breather. As for PRW, hmmm have to worry about the motives afterall. Was even thinking Barnes Hill might be a goer, but hard to believe them about anything now. Best of luck to all Proto holders

 

[NT Trader]

Re: PRW - Proto Resources

Kaaaaaabooooooooommmmmmmmmmmmm Andrew Mortimer will have to weave his magic tongue to bring them back up from here. Glad I offloaded at the 18cent mark!! Still might be a longshot speccy to buy back in at 3c or so.

 

[berbouy]

Re: PRW - Proto Resources

this stock got hammered today-what was that all about???
just listened to the main man on boardroom radio and he seemed upbeat about mt vetters- i do not hold, but as some mt vetters results are due shortly, may be worth picking some up at this price...i understand that there will be further drilling at LB-good luck to all holders-hope that you have a better day tomorrow.

 

[Sean K]

Re: PRW - Proto Resources

this stock got hammered today-what was that all about???
just listened to the main man on boardroom radio and he seemed upbeat about mt vetters- i do not hold, but as some mt vetters results are due shortly, may be worth picking some up at this price...i understand that there will be further drilling at LB-good luck to all holders-hope that you have a better day tomorrow.

HUH?

The main man claimed that this was one of the most significant discoveries in Austalia. Ever! A deposit to rival the great Norilsk in Siberia which accounts for 2 or 3 % of Russia's GDP! All that on some visable copper in 15m of turf from about 350m. We all noted on previous pages that this was actually a joke.

It wasn't surprising that in the days before that ann he had bought a couple a hundred k in the company and sold them on the day of that announcement. LMAO! He should be in jail for that.

So, what was the final grade of this visible copper? I think it was about .07%, from 380m. Laughable.

What is quite laugh-out-loud-funny is the 'main man's' comment at the rear of the ann starting with:

"We are very pleased with the ....."

The 'main man' is a joke.

 

[Sean K]

Re: PRW - Proto Resources

Now in a TH to 'clarrify' yesterdays announcement.

Can't be sure, but I suspect the ASX has queried them on something, and it should start with the 'main man' saying he was 'very pleased'.

Or, maybe the .07% changes to 7% as a slight oversight.

This is turning into a day at the rock show.

 

[berbouy]

Re: PRW - Proto Resources

thanks for the constructive comments kennas-as a newbie, after reading through this thread, i will stay on the sidelines.hopefully for the holders, there will be some good news-after asking what yesterday was all about, i get a better understanding now.

 

[Sean K]

Re: PRW - Proto Resources

thanks for the constructive comments kennas-as a newbie, after reading through this thread, i will stay on the sidelines.hopefully for the holders, there will be some good news-after asking what yesterday was all about, i get a better understanding now.

berbouy, sorry if I have come off a bit flippant in this thread, but it has so clearly been a beat up by the company I couldn't help it. Appologies to other investors if I've seemed to come off a bit harsh.

If you haven't, I recommend you read the ASX query and response on their original announcement regarding the drill hole that struck the 15m ish of visible copper. Rarely does a company be dragged over the coals like that. The MD seems to be dramatically overstating this projects potential.

Having said that, they will now drill a hole 100m away and find 300m@10% Cu.

 

[Donga]

Re: PRW - Proto Resources

It wasn't surprising that in the days before that ann he had bought a couple a hundred k in the company and sold them on the day of that announcement. LMAO! He should be in jail for that.

This is the most damning element, are we sure of this? If so our man should be taken to the cleaners. Hate that sort of behaviour and it is definitely unlawful.

 

[Sean K]

Re: PRW - Proto Resources

This is the most damning element, are we sure of this? If so our man should be taken to the cleaners. Hate that sort of behaviour and it is definitely unlawful.

This is from an appendix 3y issued on 17 June:

200,000 Shares acquired at $0.034 on 3 June 09
200,000 Shares disposed at $0.190 on 15 June 09
600,000 Shares disposed at $0.165 on 15 June 09


The announcement of the 'significant' find was on 15 June.

His quote on the announcement on 15 June:

“This discovery is enormously significant as we have proved the geological concept and we can now look to explore and define economic mineralisation.

“It is an outstanding success that proves the value of our determination to seek mineralised supersystems for potential mine development."


At the same time he had his finger on the sell button.....

 

[NT Trader]

Re: PRW - Proto Resources

:All one needs to do is have a look at the blokes picture.......enough said for mine, he looks dodgy. I bought in when I saw movement to the area en masse, then the infamous price rise and I offloaded. Lucky me. Having said that, I still reside out that way, and there has been more heavy equipment going in and many traditional owners and local land council making claims for royalty payments. Either there is something there that has potential, or, the news has got some local land elders excited thinking they are about to get some massive royalties.

For me personally, I made some great $$$, but, all in all, I think the MD will find himself in some poo very very soon.

Good Luck to anyone that bought in on the hype, well done to anyone that sold on it!!!

 

[Sean K]

Re: PRW - Proto Resources

Haha,

Clarification out.

I meant to mention this myself after looking at the detailed drill results but overlooked it.

The HIGHEST return (.07% Cu) was over just a 1m interval amongst the 15m.

This is beyond funny now. These guys are playing with peoples money.



Lindeman’s Bore Nickel Results - Clarification
ASX Release: PRW

Lindeman’s Bore, Northern Territory

Proto Resources & Investments Ltd wishes to provide further information to clarify comments made during a Boardroom Radio Broadcast and in an ASX Release by the Company on 19 August 2009.

In relation to drill hole LBD 1 at Lindeman’s Bore, assay results have been received from all samples which were submitted to the laboratory for assay. These assay results show that elevated levels of cobalt, copper and gold occur spread across an 18 metre wide interval of dolomitic sandstone starting from a depth of 380m (refer Tables 1 & 2). Within parts of this 18 metre wide zone nickel levels were also elevated above the background but at levels not considered to be significant. The highest one metre half core assay results returned are 0.224g/t Au, 0.058% Co, 0.071% Cu & 0.03% Ni.

 

[doogie_goes_off]

Re: PRW - Proto Resources

Like I said - doesn't look that good to me, why did the NT press go crazy? - Slow news day??? They need to find a mirror and have a GHL.

 

[NT Trader]

Re: PRW - Proto Resources

Can't wait to see the next Trading Halt when the one eyed one has something to say about Mt Vetters priot to any Assay Results!! Shoud see a massive price hike, a massive offload of shares from the man himself, then another fall from grace...rapid fall from grace!!! How many please explains can this bloke get!!!

 

[darajman]

Hello everyone!

I came across this company just recently. Would like to know what everyones thoughts are.

From what i can see, theyre a small mining company who're in their drilling and testing phase. Their accounts show a stable cashflow to sustain them until they begin production and according to their own reports the results of their exploration also looks promising.

They are small and their stocks are currently not worth very much. Just today they released an update about their findings from their Lindmans Bore drilling and their collaboration with Victory Mines in Clara Hill. Theres also a Boardroom Radio interview with their managing director Andrew Mortimer.

Of course he sounded positive but you'd never expect him to talk down his company even if things were looking bad.

Anyways, what do you all think?

 

[Country Lad]

Hello everyone!

I came across this company just recently.

Found it when you emptied the rubbish bin?

Anyways, what do you all think?

Not much by the look of it when the last post in its own thread was August 2009 (Best to post there so we have only one thread per company and the mods can delete this one).

 

[darajman]

Found it when you emptied the rubbish bin?




Not much by the look of it when the last post in its own thread was August 2009 (Best to post there so we have only one thread per company and the mods can delete this one).

Thanks for the reply... and the link to the other thread! will check that out!