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Re: RAD - Radar Iron

Radar Iron is one of my favourite stocks I don't own. I am forever waiting for this one to dip to 20c or thereabouts. It only has twice, in mid 2011, both times to around 15c. Only the big fella upstairs knows why I didn't pick up a few.
For me this is the perfect set up. Only has a MC of $20m.
They have just completed a successful cap raising at a premium to their SP. They can also negotiate for a further $50m of funding, but have not locked themselves in, so funding from other parties is an option.
http://www.asx.com.au/asxpdf/20120605/pdf/426nqs0m1sm5bb.pdf
The directors have track record of great success. RAD was spun out of TRH which went for a gallop from 15c (when i first spotted it) to $1.40 or thereabouts before finally being taken out at 85c (approx).
They have quality targets, that are potentially massive.
Directors have been buying on market recently.
http://www.asx.com.au/asxpdf/20120514/pdf/4267r3rg2xbmn7.pdf
http://www.asx.com.au/asxpdf/20120608/pdf/426r97mrv2dm3r.pdf

Projects

Muldoon
• Drilling has defined two zones of hematite mineralisation up to 1 km long• Inferred JORC Resource - 2.1Mt at 57.6% Fe
• Potential extensions along strike
• Best results include: *
32m @ 60.4% Fe
18m @ 58.6% Fe
34m @ 59.4% Fe
26m @ 59.5%
• Infill drilling planned for June
* Shallow open pit mining a possibility

Johnstone Range
• Johnston Range drilling has defined two zones of
hematite mineralisation up to 1 km long
• Best results include:
Æ’ 32m @ 60.4% Fe Æ’
34m @ 59.4% Fe
Æ’ 26m @ 59.5% Fe Æ’
22m @ 59.1% Fe
Æ’ 18m @ 58.6% Fe Æ’
16m @ 56.4% Fe
Æ’ 22m @ 56.1% Fe Æ’
20m @ 55.8% Fe

• Drilling approval received for new zone of mineralisation at Johnston Range (Clark Prospect)
• Zone 500m long and up to 100m wide
• Rock chip samples average 59.5% Fe
* Drilling planned for June



Die Hardy Range (magnetite)
• Magnetite Resource 353Mt at 26.1% Fe
• Indicated Resource of 215Mt at 26.7% Fe
• Inferred Resource of 138Mt at 25.2% Fe
• Potential for substantial increase
• Hematite potential also being investigated
• Magnetite ~100-300m wide, >3km long and at least 350m in depth
• Exploration potential: 0.83 Bt – 1.38 Bt at 25-35% Fe (conceptual, not defined yet)
• 2km strike drilled to date
• Excellent metallurgical properties
• 69% concentrate
• 50 micron grind
• 35% mass recovery
• PFS to commence in 2012


Radar's targets in 2012
• Definition on increasing hematite resource base
• Drilling focus at Johnston Range
• Several focused drill campaigns likely through 2012
• Regional targeting through mapping and geophysics
• Feasibility studies for hematite development in second half of 2012
• Pre-feasibility study for Die Hardy magnetite to commence with focus on metallurgy, infrastructure and water
• Partner search for magnetite development funding

Radar have thrown up the exploration target as potentially 5.8Bt (5.3Bt mag, 500Mt hem).
http://www.asx.com.au/asxpdf/20110131/pdf/41wg5y82xrmd93.pdf
 

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Re: RAD - Radar Iron

I am withdrawing my bullish stance on RAD. Although the target they are chasing is large, it is impossible to be bullish on iron ore right now, and the market is selling them down accordingly. Their target could be 10 times what they are aiming to prove up and I still don't think it would be a good buy.

One to review, if/when IO comes back into fashion. By then African IO may have control of the market anyway.

Exploration Update: new hematite targets identified at Johnston Range
• New hematite targets identified in Johnston Range Project
• Resource definition drilling of hematite targets to resume in September
• Regional drill testing at hematite targets to start at Evanston and Jackson Projects
• New tenement acquired adding to Johnston Range project
• Studies commenced ahead of mine planning and approval processes
 
Re: RAD - Radar Iron

RAD share price continues to remain in the doldrums. Does anyone with a mid-long term bullish stance on Iron Ore see hope of a recovery in this?

Latest announcement.
Exploration Update: Highly Encouraging Metallurgical Results for Johnston Range
• Recent metallurgical test work has indicated the potential to upgrade low grade hematite mineralisation to >60% Fe
• Partially enriched mineralisation can potentially be upgraded from around 50-55% Fe to >60% Fe
• Johnston Range Exploration target for >50% Fe mineralisation is 32-55Mt at 50-65% Fe (conceptual)
• Studies ongoing with potential trial of bulk sample in 2013
 

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Re: RAD - Radar Iron

springhill said:
RAD share price continues to remain in the doldrums. Does anyone with a mid-long term bullish stance on Iron Ore see hope of a recovery in this?

Latest announcement.
Exploration Update: Highly Encouraging Metallurgical Results for Johnston Range
• Recent metallurgical test work has indicated the potential to upgrade low grade hematite mineralisation to >60% Fe
• Partially enriched mineralisation can potentially be upgraded from around 50-55% Fe to >60% Fe
• Johnston Range Exploration target for >50% Fe mineralisation is 32-55Mt at 50-65% Fe (conceptual)
• Studies ongoing with potential trial of bulk sample in 2013
Click to expand...

Feb 8th. RAD share price climbs. Closed today at $0.180.

Radar Iron Ltd (ASX: RAD) is delighted to announce to investors an agreement to acquire 51% of the Mount Ruby Magnetite deposit in the Innisfail district of Far North Queensland from private company, Developed Iron Ore Pty Ltd (DIO).
An exploration target for the high grade magnetite mineralisation at Mt Ruby of 8Mt-27Mt at 57-68% Fe has been estimated using extensive surface sampling data (averaging 64.2% Fe) along with geophysical interpretation. The potential quantity and grade is conceptual in nature. There has been insufficient exploration to define a mineral resource and it is uncertain if further exploration will result in the determination of a mineral resource.
Mining of high grade direct shipping magnetite ore is planned for the second half of 2013 with approvals in place or pending. Mt Ruby lies within 120km trucking distance from the port near
Innisfail.
 
Re: RAD - Radar Iron

15th April - Update on Mt Ruby:

Owing to the extended drill approval timing and weather delays – the project vendors, Developed
Iron Ore, have agreed to extend the due diligence period by one month to May 31, 2013.
 
Re: RAD - Radar Iron

A must-read thread on HC called 'bigger than Brainchip?'.

What's everyone make of that? I feel a bit uneasy.
 
Re: RAD - Radar Iron

Gringotts Bank said:
A must-read thread on HC called 'bigger than Brainchip?'.

What's everyone make of that? I feel a bit uneasy.
Click to expand...

I tried to buy this today, lowball order didnt get filled...perhaps wait for the hype to die down, the technology seems good, massive if it works and thus gets widespread acceptance.

You should feel uneasy, it's just one announcement, blue sky but lots of uncertainty..right now lots of day traders and short term punters.
 
Re: RAD - Radar Iron

So_Cynical said:
I tried to buy this today, lowball order didnt get filled...perhaps wait for the hype to die down, the technology seems good, massive if it works and thus gets widespread acceptance.
Click to expand...

What about Fibo though? That's what I was referring to moreso. He weilds a lot of power, and appears to have access to a lot of money for these shells co.s.
 
Re: RAD - Radar Iron

Gringotts Bank said:
What about Fibo though? That's what I was referring to moreso. He weilds a lot of power, and appears to have access to a lot of money for these shells co.s.
Click to expand...

Fib is in the top 20, get the list and DYOR.

This is his speciality from what he's written, RAD is huge!!

There's plenty of potential sellers (note holders, BUD etc) which has keeping the price down, but at the end of the day you don't know who's going to sell, or why. The selling does however appear to be over. There wouldn't be too many people that could fully understand the potential of RAD, and it's potential will convert to commercialisation in less than 18 months. Less than 18 months means there's plenty of news to come this year, plenty of news. They're ahead of schedule and way ahead of their competition.

The market for RAD's product is astronomical!!!
 
On July 27th, 2016, Radar Iron Limited (RAD) changed its name and ASX code to Weebit Nano Ltd (WBT).
 
Just poking the thread here to see if anyone is following this stock on this forum. Since the last post, Weebit nano have signed up with Leti microelectronics institute to get the SIOx reram tech to commercialization. In November they confirmed the material was reproducible, and in late march this year they confirmed the programming capabilities, followed by successful current and voltage levels. This further confirms Prof Tours tech he studied for 8 years in a lab before getting it to this point.

Now Leti are going to use their memory advanced demonstrator vehicle to show the real world capabilities of this tech.

Scaling down to 40nm by years end is currently the job now.

You should look at the quality of the management leading this tech as well, no slouches in here.

Let me know what you guys think...
 
Ai Caramba! This is taking off before December, just after I put it in the December stock tipping competition :rolleyes: Oh well, glad I am holding, so still a win :D
 
and some words from Motley fool (push advertising serves some purpose)

Why is the Weebit share price flying?

One catalyst for the Weebit share price surge was the company’s release last week of its annual report for FY20. Weebit achieved significant commercial and technical progress in FY20. Highlights include 2 signed letters of intent with Chinese companies and establishment of a new developmental program.

Weebit also introduced the world’s first neuromorphic demo and strengthened its IP and patent portfolio with 8 new patents registered in the year. The company was also able to raise $9.1 million earlier this year, enabling it to accelerate its development and commercialisation initiatives.

Another catalyst for the Weebit share price jump was the announcement of a new patent filing last week. The new patent – filed by Weebit and its development partner Leti – will help the company further protect the intellectual property of its silicon oxide (SiOx) ReRam technology.

It will allow Weebit to implement multi-level storage in its flagship Resistive Random-Access Memory (ReRam) technology. This will enable the company to boost memory storage capacity without increasing the number of memory cells, making memory more cost-efficient. The company’s management said the new patent would significantly improve the company’s cost competitiveness.

What does Weebit do?
Weebit develops next-generation memory technology for the global semiconductor industry. The company’s flagship ReRam technology is based on silicon oxide, which allows semiconductor memory elements to be cheaper, faster and more energy-efficient.

Weebit says the company’s ReRam is 1000 times faster and uses 1000 times less power than current flash memory. In addition, the technology has been designed to provide memory solutions for computers, laptops and smartphones.
 

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