STT Weekend Lounge September 9-11, page-69

5 grander update
been a bit slack as i,ve been tied up moving furniture for my parents and havent been able to watch things, and, with the stress, made some silly decisions...........
sold DKM and PLH...........one for a small loss, the other for a small gain.........now, it appears, they could both be on the cusp of a breakout **doh**
bought into NAE..........first looked at this at .004, thinking it would be a nice tech shell. However, things have changed in 12 months...........coking coal could be on a bit of a resurgence (NAE has the Lochinvar project, currently not valued in the share price).
My interest is in Redmoor......some posters are looking at this for its tin........wrong........its the tungsten, and, its proximity to Wolf Minerals mine (Drakelands/Hemerdon)...........My line of thought is........Wolfs mine is a material that is quite soft and claylike....... a nightmare to mill and process ( done my time in a quarry, so i understand the issues)..........Redmoor is a hard rock project, with the ore being much better to process in a high rainfall location. Plus.......the new JV partner, Strategic Minerals seems dead keen to get on with it, bringing forward option payments to fund further drilling, and, it has been busy arranging finance to take a 50% stake in the project, which will inject about 1.6M into NAE and de-risk the project............
Both NAE and WLF are backed by the Resource Capital Fund (RCF), who were instrumental in bringing Gary Fietz into NAE. it would appear that things move slowly, i would be more optimistic and say things are moving in a calculated method.........a scenario being the Redmoor project moves over to WLF, or, some agreement is reached for WLF to access a much better, rock ore...........
Lochinvar, the coal project has been getting some interest, and, recently snared $800K in R&D tax relief...........currently, its ascribed with no value..........
NAE has about 900k cash, and is expecting about 1.6M from SML for the JV
So, 2.5M cash for an MC of [email protected]...........
And............i havent even mentioned the NZ gold tenement, or, its aims to acquire further projects.
Reluctant as i am to chase stocks that have moved from lows of around .004, to now, 1.1c, i am finding some compelling value in the projects, and, the calibre of management, and its backers.
i bought some for the 5 grander, and for my main account
So, the holdings are.......NAE AYR DHR RLC ZTA...with gains around 45-48% since inception.......holding around 3K in cash for opportunities, and the CR by ZTA, plus any potential CR from RLC