SMY - Sally Malay Mining

[joeljp]

Nickel sure is plummeting like a lead balloon. It will slow down toward the Northern hemisphere winter when the Ruskies won't be able to ship out Nickel due to ice blocking the shipping lanes. I hope it wil be a cold, long winter up there

 

[michael_selway]

Just wondering if SMY has a limited mine life?

Earnings and Dividends Forecast (cents per share)
2007 2008 2009 2010
EPS 58.1 61.8 78.0 69.3
DPS 12.0 14.0 19.5 14.0

EPS(c) PE Growth
Year Ending 30-06-08 61.8 6.4 6.3%
Year Ending 30-06-09 78.0 5.0 26.2%

thx

MS

 

[brerwallabi]

Just wondering if SMY has a limited mine life?

Earnings and Dividends Forecast (cents per share)
2007 2008 2009 2010
EPS 58.1 61.8 78.0 69.3
DPS 12.0 14.0 19.5 14.0

EPS(c) PE Growth
Year Ending 30-06-08 61.8 6.4 6.3%
Year Ending 30-06-09 78.0 5.0 26.2%

thx

MS

Michael
You will find that Sally have a 10 year mine.
The resource has been continually added to and its quite possible it could extend further in the surrounding areas.

 

[fmf]

Nickel sure is plummeting like a lead balloon. It will slow down toward the Northern hemisphere winter when the Ruskies won't be able to ship out Nickel due to ice blocking the shipping lanes. I hope it wil be a cold, long winter up there

latest news from sally
17 September 2007
Manager Announcements
Companies Announcements Office
Australian Stock Exchange Limited
10th Floor, 20 Bond Street
SYDNEY NSW 2000
• Broad intervals of high-grade massive nickel sulphide mineralization intersected down plunge of Lanfranchi
• Best results, 33m @ 11.3% Ni, 13.8m @ 7.46% Ni, 24.1m @ 5.37% Ni (true width 1-2m)
• Nickel sulphide mineralisation extended by 60m down plunge
• Lanfranchi Nickel deposit remains open down plunge
Sally Malay Mining Limited (ASX Code: SMY) is pleased to announce the results from an ongoing resource delineation
drill program to evaluate the down plunge extension of the Lanfranchi Nickel deposit. Of particular significance are the
broad intervals of a high-grade massive Ni sulphide mineralisation in three drill holes along the western side of the
projected extension of the Lanfranchi deposit.
To date, 27 holes have been completed as part of the Lanfranchi resource extension drill program with nickel sulphide
mineralisation being extended 60 metres down plunge from the lowest production level and across widths of 200
metres. The Lanfranchi Nickel deposit remains open at depth and drilling is ongoing. Assay results for the program are
reported in Table 1.
Grades and thicknesses encountered in the drill program are consistent with past production experience at
Lanfranchi. Under the previous operator, the Lanfranchi deposit produced 1.4 million tonnes of ore grading 2.32% Ni,
along a 1.4 kilometre plunge extent, with true thickness generally ranging from 1 to 3 metres. Mining widths across the
deposit have historically ranged between 100 to 200 metres.
Three drill holes along the western margin of the drill program have intersected broad intervals of high-grade massive
nickel sulphide mineralisation. Results for the three holes are 24.1m grading 5.37% Ni from hole LAN127, 13.8m
grading 7.46% Ni from hole LAN137 and 33m grading 11.3% Ni from hole LAN148. An initial interpretation suggests a
very low intercept angle for the three intersections with the mineralisation situated in the footwall basalt sequence
marginally below the normal ultramafic/basalt contact target horizon and with an estimated true thickness of 1-2
metres. The massive Ni sulphide zone appears open both up and down-plunge and possibly to the west.
The Lanfranchi Joint Venture is currently completing the initial 40-hole Lanfranchi resource delineation drill program.
Once the program is completed all results will be modeled for a better understanding of the extent and orientation of this
high-grade mineralised zone.

 

[agro]

Hi all,
might i add my first post ever to these forums..

SMY has tickled my fancy of late with the ZFX proposed takeover of AGM:
"Argonaut Securities said the bid was good news for all nickel juniors because the acquisition of Allegiance would not be Zinifex's last. "The 8500 tonnes of (annual) production from Avebury is too small to form a meaningful business unit within a $7 billion company. By taking out Allegiance, Sally Malay (10,000 tonnes) and and Albidon (8500 tonnes), Zinifex could provide Jinchuan with 27,000 tonnes a year of nickel from the one mining house," it said."
http://business.smh.com.au/zinifex-starts-nickel-chase-with-hostile-bid/20071217-1hmq.html

also, for those watching did anyone else notice a couple of bids over 200,000 fluctuate between 4.77 and 4.78 today?

 

[aaronphetamine]

Hey agro I'm also a share holder of SMY, My average price of entry is 5.15 at the moment and i really wished I could have had some funds to pick up some more the other day when it dropped sharply early morning.

I do like this stock though and I like how it has big price fluctuations daily, Ill be happy once the SP is back up over 5.20 !

 

[agro]

Hey agro I'm also a share holder of SMY, My average price of entry is 5.15 at the moment and i really wished I could have had some funds to pick up some more the other day when it dropped sharply early morning.

I do like this stock though and I like how it has big price fluctuations daily, Ill be happy once the SP is back up over 5.20 !

if u read the smart investor magazine 'takeover targets' issue, SMY is mentioned as a potential target and second largest nickel producer behind Minara

 

[denny.wang]

fat prophets is suggest buy at $4.00 and stop loss at $3.50, now the price is $3.77, not sure would it still go down trend.

 

[nioka]

if u read the smart investor magazine 'takeover targets' issue, SMY is mentioned as a potential target and second largest nickel producer behind Minara

I'm surprised that Zinifex hasn't made a bid for SMY before this. Their bid for AGM will cost them more than the current market cap of SMY and they say that AGM has yet to prove it's potential. SMY has proved itself. They must have it in their sights, particularly when AGM are not cooperating and will not give in easily.

 

[porkpie324]

Yes I agree 'Nioka,SMY is not the only nickel miner to be looking good either, IGO,MCR,&WSA would be my preverance, but I guess ZFX no more than us. porkpie

 

[oldblue]

Pretty solid quarterly report from SMY.
I might buy a few more next week if the sky doesn't fall meanwhile!

 

[Julia]

What happened to this company? I owned it some while ago and when attempting to see what the SP is now, E-trade shows no such company,
ditto Mineral Resources.

 

[lazyfish]

What happened to this company? I owned it some while ago and when attempting to see what the SP is now, E-trade shows no such company,
ditto Mineral Resources.

I heard that they changed their name to Panoramic Resources after getting sued for using the name Sally Malay. Their website can be found here.

 

[Julia]

Thank you, Lazyfish. And now I will keep typing to comply with the 100 character rule. Seems so silly when I just wanted to say thank you for your trouble.

 

[Sean K]

Thank you, Lazyfish. And now I will keep typing to comply with the 100 character rule. Seems so silly when I just wanted to say thank you for your trouble.

That's almost worth an infraction Julia!

Maybe even suspension.

Or, I may be making a joke to comply with the 100 character rule.

 

[oldblue]

Good to see PAN's SP have a nice bounce today. PoN -related, no doubt.

Memo - Joe Blow.
1. Could we have name of this thread changed to "PAN Panoramic Resources " please?
2. Is there a system problem at present? Slow response times ( only seem to apply to this site, as least as far as my machine's concerned.)
Cheers.

 

[Joe Blow]

Good to see PAN's SP have a nice bounce today. PoN -related, no doubt.

Memo - Joe Blow.
1. Could we have name of this thread changed to "PAN Panoramic Resources " please?
2. Is there a system problem at present? Slow response times ( only seem to apply to this site, as least as far as my machine's concerned.)
Cheers.

oldblue,

I have started a new thread which you can find here: https://www.aussiestockforums.com/forums/showthread.php?t=13201

Discussion on Panoramic Resources (PAN) will continue there.

This thread will now be closed.

No current system problems that I am aware of but will take a look to see if there are any issues. If you continue to experience slowness please let me know via PM.