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Re: CRJ - Copper Range

Ann.

Exploration Plans for Olympic Domain and Adelaide Fold Belt

Following the highly successful options exercise the Company is now fully funded into its accelerated exploration programme for 2007/2008.
The Company is finalising access to several drill rigs while it is in the final stages of securing joint venture participations.


http://aspect.comsec.com.au/asxdata/20070927/pdf/00763685.pdf
 
Re: CRJ - Copper Range

I was hoping for a JV announcement by now. The SP seems to have stopped in its tracks. Hopefully in due course an announcement will be made in regards to the JV.
 
Re: CRJ - Copper Range

I've been quiet of late, but recently I've come across the overlooked Copper Range Ltd (CRJ).

CRJ has 72.75 million shares on issue which gives it a market cap of around $13 million. CRJ currently has around $5.6 million cash, having recently raised $5.9 million from the recent exercising of options.
CRJ has interests in a very large tenement position (16,000 sq kms) prospective for iron oxide, copper, gold and uranium in South Australia spread between the Olympic Domain area, north of Augusta, which hosts BHP's Olympic Dam , OXR's Prominent Hill Project and Cominco-Teck's Carrapateena discovery, and the historic Adelaide fold belt, north of the SA capital.
CRJ has recently advised the ASX that it has received expressions of interest from major global companies in relation to the Company's 100% owned Olympic Domain tenements located to the north, south, east and west of BHP's Olympic Dam and just to the east of the Carapateena deposit. There has also been interest from several parties to become cornerstone investors.
CRJ's board is very experienced indeed (Ian Daymond is Chairman, Stephen Blackman is MD, Dr Ken Maiden is an Executive Director and Brian Rear is a Non-Executive Director). A number of its directors are also directors of the non-listed International Base Metals Ltd (holder of a 6% stake), including MD Stephen Blackman and Chief Geologist Dr Ken Maiden.
International Base Metals Limited (IBML) is an Australian unlisted mineral exploration company with an experienced management team of mining industry professionals. IBML has been a key facilitator in the formation of publicly listed companies Copper Range Limited (ASX:CRJ) and Zamia Gold Mines Limited (ASX:ZGM).In addition IBML has secured a cornerstone investor, Chinese explorer West Minerals Pty Ltd, which has invested A$2 million.
CRJ has good management and has pleny of tenements in a hot area. Its cashed up and several parties have shown considerable interest in becoming JV partners and cornerstone investors. Its trading at its record lows.
I've bought some options (CRJOA), just a small stake to begin with. This stock has been well and truly overlooked by the market.
The risks are there as its an explorer, but the potential upside is enormous.
Also, one last thing. The Speculator, from The Bulletin, added this stock to his portfolio in Oct 07 and has recently given it a positive write-up. Mr Hasselhurst, the Speculator, has an excellent track record.
DYOR
 
Re: CRJ - Copper Range

greggy,

I too have researched CRJ. However I prefer AXT, a South Australian copper play.

I think if you look at the drilling program coming up AXT is set for 2008.

They have 10 holes to drill 1000 metres deep.

CRJ has disappointed the market of late with results.

But the market cap still says CRJ cheaper compared to peers.

The upside is there for any success you just have to work out whether or not CRJ bought the right land.

Remember that MOX was the first of the South Australian copper belt explorers so if anything, they should have the best land, as they chose first.

MOX looks cheap at the moment considering what they have discovered already.

Each to their own.

But just like iron ore, I believe the South Australian copper belt is in for some exciting times, once the drill results start flowing back from the labs which has basically seen a lot of there progress/growth halted for the last 12 months.

Just my view as South Australian copper belt plays are way off the radar.
 
Re: CRJ - Copper Range

Ken said:
greggy,

I too have researched CRJ. However I prefer AXT, a South Australian copper play.

I think if you look at the drilling program coming up AXT is set for 2008.

They have 10 holes to drill 1000 metres deep.

CRJ has disappointed the market of late with results.

But the market cap still says CRJ cheaper compared to peers.

The upside is there for any success you just have to work out whether or not CRJ bought the right land.

Remember that MOX was the first of the South Australian copper belt explorers so if anything, they should have the best land, as they chose first.

MOX looks cheap at the moment considering what they have discovered already.

Each to their own.

But just like iron ore, I believe the South Australian copper belt is in for some exciting times, once the drill results start flowing back from the labs which has basically seen a lot of there progress/growth halted for the last 12 months.

Just my view as South Australian copper belt plays are way off the radar.
Click to expand...
Hi Ken,

Whilst the daytraders have recently largely forgotten about this stock, its heartening that several major global companies have expressed interest in becoming JV partners and/or cornerstone investors. Confirmation of any major deals is likely IMO to have a significantly positive effect on CRJ's share price. In a rather bearish market today, CRJ's share price has held up relatively well.
DYOR
 
Re: CRJ - Copper Range

Greggy,

My only concern is that CRJ has a number tenemants, they claim to have number of major prospective regions. This may be the case.

However! My question as a shareholder would be?

How can CRJ afford to drill in these tenemants without diluting shareholder value. The drilling is deep if there are chasing olympic dam style deposits. So if this is the case, how can they afford to drill all these holes 1000 metres deep? The story from a far seems to be that they have all these tenemants so they must have be able to find it.

The problem is at $300,000 a drill hole, how can they afford to do these with all there tenements.

From my research it took a number of holes to get any significant results.

MOX have drilled 50 holes and that was when they made the Punt HIll discovery which sent the share price rocketing.

But since then the share price has lagged, as they are either going into joint venture, or selling the whole assett off.


CRJ are not going to be able to drill enough holes for all their tenemants.

Drilling cost money, I cant see it being funded without diluting shareholder value.

Just my opinion..... I think they are in the right areas but its hard to make a discovery when drilling cost so much.


This is why I prefer AXT. The have a concentrated tenement at intercept hill. There is a clear plan, and instead of going for one big copper hit, which " it is debateable whether or not carapateena was one big hit", they are trying to surround an ore body.

Did you also know that the grades of copper can be manipulated via liquid oxide being applied. Apparently they can be increased from sub .7% to 2%.

It is unclear whether or no this was done at carapateena.

I am not saying CRJ is no good, but they just have too many tenemants for my liking.

AXT on the other hand. They are drilling in between EMMIE BLUFF and CARAPATEENA, and the tenement is big enough to fit 3 olympic dams in there.


So I think it is more about quality rather than quantity of tenements.

Either way CRJ has any success and investors will jump on just like MOX, and it will rocket.

The stocks lack a lot of liquidity.

Best of luck.

There must be another system down there, and when it is found it is going to make a lot of people very very very rich.
 
Re: CRJ - Copper Range

kenny said:
Here's a Speculator story on Copper Range that may be of interest to long suffering holders.

http://money.ninemsn.com.au/article.aspx?sectionid=2338&subsectionid=79751&id=578041#pf

Regards,

Kenny

Disc. Not holding CRJ
Click to expand...

Followed him into it last year and lost 20% of my capital. Did you watch the move this week after he covered the stock. One can never do as well as he does. He might be selling now, or have locked in some profits, while others are just doing their buying. I've learnt my lessons the hard way, on this one anyway. I still hold some of his recommendations that have continued to do well. As they say, you can't win them all!!!:eek:
 
Re: CRJ - Copper Range

Grace,

You are sooo right with respect to any of the Speculator's "tips". During his tenure at the Bulletin, you could almost see the folk at the printers (amongst others) running off to buy the latest recommendation a day or so before release.

There was always a volume spike 30 hours or so prior to issue. It made me wonder why he didn't set up his own newsletter when the Bulletin folded.

I like to use his column much like broker research or tip sheets. It gives me a head start to looking into a stock and gets me thinking.

Cheers,

Kenny
 
Re: CRJ - Caravel Energy

On November 1st, 2012, Copper Range Limited changed its name to Caravel Energy Limited.
 
Re: AWW - Antares Mining

On October 14th, 2014, Caravel Energy Limited (CRJ) changed its name and ASX code to Antares Mining Limited (AWW).
 
On July 6th, 2016, Antares Mining Limited (AWW) changed its name and ASX code to Weststar Industrial Limited (WSI).
 
"WestStar Industrial Limited (WSI, formerly Antares Mining Limited) is focussed on the manufacture and production of concrete elements and structures that are produced by casting concrete in a reusable mould which is cured in a controlled environment, transported to site and then lifted into place."

https://www.investsmart.com.au/shares/asx-wsi/weststar-industrial-limited

Looking for a roughie for December Stock Tipping Comp and found WSI. It's 10 year price trajectory would make a good add for Coles - down down down. It's market competitors include Rio and BHP.

It finished on Friday down a massive 31%
 
I am going to try charting and commenting on all the picks for the December comp, let's have a look at your pick first shall we DK? This was well alive as a copper explorer, must have had a great story line. I guess it didn't become too succesful, it just took all the investors/traders money and faded away. I am sure a lot of money was made by a very few though. On the last day of trading for the copper mine, there was a turnover of stock on April 16, 2013 of 181,750 working that out on the closing price of 0.645 comes to $117,228 ish(please check my figures I am dreadful at maths). Just wondering if that was the going rate for a used pump and dump. So they then popped it on the shelf, giving it a name change a couple of times. Totally flat lined no trading. I guess they didn't want to pay brokerage for churning it while it lay dorment. Then on 6th of July it was pulled off the shelf and dusted off with a shiny new name and a whole new direction with a mixture of broken stone or gravel, sand, cement, and water. Maybe that was all the dross left over from the failed copper mine!
Here is the new life of this exciting new pump and dump, barely trades, not a stock you could really trade yet but hell, you may well win a place in the comp again, help breathe new life into it! :) Or are you showcasing shelf companies for sale on the Tipping Contest DK?
I will start with the long term view of this and a little later I will get up close and personal to it.

Might even do a bit of Fundamental Analysis. I don't mean repeating their great story line, I mean real Fundamantal Analysis. Then pop up the directors, just so we can remember them.
First chart.
WSI longnov18.png
 
...and if any of you blighters are using ASF to make yourself money hawking your stuff, come clean and make sure you give Joe Blow a commission for using his space and time! It is an integrity thing.

Sorry should have said I drew this last night, so the closing price won't be today's price.
WSI close dec18.png
 
What???

You suggesting I own this or something @Ann ? :D

It was one of the biggest losers Friday, so I picked it for the Stock comp expecting rebound.


Take it easy on the Wine! lol
 
Darc Knight said:
What???

You suggesting I own this or something @Ann ? :D

It was one of the biggest losers Friday, so I picked it for the Stock comp expecting rebound.


Take it easy on the Wine! lol
Click to expand...

Not suggesting anything DK, I just think it is a total waste of time putting up a non-tradable stock in a tipping contest. If you actually place then that is even worse. It seems like taking money under false pretences. Totally sober :)

I don't know why people use these old shelf companies. They have a poor history and with charts you can see it. In the old days, these sort of companies could say they had been on the exchange for 12 years, in this stocks case. This sounded great in that they sounded like an established older company, which as we can see these days is pure twaddle.

I believe starting a new company is much easier these days. I am hoping to see Geoff Wilson (Wam Cap) next week and if I get a chance I will ask him the costs and how hard it is to set up a new listed company and how to organize capital, that sort of thing.
 
Ann said:
Not suggesting anything DK, I just think it is a total waste of time putting up a non-tradable stock in a tipping contest. If you actually place then that is even worse. It seems like taking money under false pretences. Totally sober :)

I don't know why people use these old shelf companies. They have a poor history and with charts you can see it. In the old days, these sort of companies could say they had been on the exchange for 12 years, in this stocks case. This sounded great in that they sounded like an established older company, which as we can see these days is pure twaddle.

I believe starting a new company is much easier these days. I am hoping to see Geoff Wilson (Wam Cap) next week and if I get a chance I will ask him the costs and how hard it is to set up a new listed company and how to organize capital, that sort of thing.
Click to expand...

Well thats no good Ann. What this forum needs is a bit of scandal :)
P.S. I was going to ask Joe to rollover my prize money into next month's comp if I were win any (like I did last month).
 

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