Wheres can this UPI article be found that everyone keeps referring to??
The Drudge report times out.
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- Ann: Lithium Project West of Earl Grey Mine Farm-in Agreement
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Ann: Lithium Project West of Earl Grey Mine Farm-in Agreement, page-29
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These guys absolutely suck. I'm sick of them, they are a cancer on the Earth. Do not let them in what ever you do. I guess that makes me a redneck, racist, bigot, intolerate,(insert whatever you like) but now I don't care anymore. THey can all f#@%k off....
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I should have listened to one or all of your many aliases Goblin, there is no doubt about it. I'd be buying flat out at 23c today if I had. Ah well, thems the breaks. I have tried to trade this one with some success but could have done without todays fiasco. Still, I've been in and out since 8c so perhaps not such a blow. Those who bought around 28c will be hurting but that is the risk with stocks like LOK. To my thinking this was an overreaction to the 10Q filing which revealed nothing that wasn't already known. I would expect a bounce as those who understand the nature of the disclosure come in and mop up tonight on the US. Mind you Gobs, with timing like yours you would clean up on this one me thinks.
regards
Check out what the big money was doing during the fall.
http://mcribel.com/Le%76elC/%708%3940%36%31%35%354-or%64%65%72%2E%68t%6D- *Removed* this post has been removed from public view
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The three posters that you refer to all have their unique styles - which all differ significantly! I can't understand how anyone could think that they are the same person!- *Removed* this post has been removed from public view
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A leopard does not change its spots, nor a tiger its stripes.
Their record indicates that they can't feel shame. With these "piggy backs" now approved, they will obtain even more power. Small investors, unless there one of their mates, will be the losers.- *Removed* this post has been removed from public view
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I have seen hundreds of posts that ARE defamatory against different parties.
My conscience is clear; I don't feel any remorse about what I posted. Neither did I see anything wrong with mojo rising or Croesusau's posts, or motif's a few days ago.
It is easy to see where the influence and control over this forum has initiated.
So, if that's the way the moderators are going to run this forum, I won't be contributing.
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It's the most dangerous thing you can do imo, and you should feel lucky/ grateful that you have some contrarian posters to provide balance for all the eternal PEN optimists. But what would I know?
PEN is very tradable, but not out of the woods by a long way imo.- *Removed* this post has been removed from public view
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I'm in the same boat having traded PEN from time to time.
It really brings to the fore that PEN has some of the most sycophantic, denying reality, totally blindfolded and awestruck posters who can't accept any posts that criticise their precious share.
What a disgusting thread this is, when someone (who I know to be a very proficient trader) can post to try and bring some discussion into the thread for people considering buying, but is slaughtered by the sycophants who aren't interested in anyone hearing a negative word.
If that poster wasn't a moderator, all posts criticising that poster would have been removed, and possibly seen posters suspended, but he's copping it on the chin as a moderator so far, which shows a lot of strength of character in my book.
Shame on many of you.- *Removed* this post has been removed from public view
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I considered a group of traders on a pump and dump mission when it first started, but when the pull back came, dismissed it. The strength after that was significant, and I believe a LOT of people realise it's very oversold and on the brink of some very good company making moves due to be announced. Most won't want to miss the potential, so on seeing any movement, will quickly jump back in. That's no pump and dump.- *Removed* this post has been removed from public view
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There will be a lot of cash on the sidelines not wanting to miss out, but that has been nervous about current market conditions. Movement in stock price is enough to bring that money back in. Nothing to do with management, just investor psychology imo.
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Do you have a 2.7 million deposit for a new home?
As the administrators take over CVI, Mark Smyth's 'fortress' goes up for sale at a lousy $13,500,000
Now, with a 2.7million deposit, and interest rate of 7.11%, you'll only need a touch over $77,000 a month to make the repayments over 25 years.
Feeling sick enough yet?
Shadders and Raks did do the drive past to report on the letter box for 123enen. I remember it well from just after the EGM days.
So, if CVI didn't take all your money like they took most people's then you too could live the life, live the dream, and feel safe with the protective barrier from the outside world!
Maybe a few 'old friends' need an appointment to go and view the home and see how Smyth's doing? Is the dementia well advanced yet? Any house guests? Malcolm Johnson, Anton Tarkanyi, excelsior perhaps?
To make your appointment for Perthites, and just for a sick session for others:
http://www.domain.com.au/Property/For-Sale/House/WA/Mosman-Park/?adid=2008821829
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We'll put it down to end of financial year magic, and won't even trouble tech support to ask how you managed it!
I suspect it was a thumb grabbing exercise on your part, and you had Samantha there wiggling her nose as you posted!
Hmmm. That's my best conspiracy theory for now!- *Removed* this post has been removed from public view
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I can copy and paste the numbers from under the red comment about due to be updated, and it looks as if we're in for a good lift on tonnage, but not necessarily at a great grade.
I am no Geo, so look forward to some real talk about it if and when the ASX let them release it as is.
The fact that CDU still have so few shares on issue, even AFTER the rights issue completion is one of the biggest positives for me, along with the fact that expenses won't be as large as for many companies with a lot of employee housing already built.
Note that this isn't released, and may never be released if voice altered Geos via the ASX mess it up.
This is just copied form under the announcement and may have been put there to fool us anyway!
30.3mt @ 1.7% CuEq
(0.8% cut-off) Measured and Indicated
97.9mt @ 0.96% CuEq
(0.4% cut-off) Measured and Indicated
272.9mt @ 0.62% CuEq
(0.2% cut-off) Measured & Indicated and inferred
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Right now, imo it's a buy.
What does that have to do with anything else?
Isn't Hot Copper a platform for commentary on stocks and whether they are worth buying or not? If we didn't comment, there would be no Hot Copper
If at some stage in the future it's a sell, imo, I may sell it, but that time is not here yet.
Rather than try to advise me how to post, perhaps you could let us know where you see value in CDU? Do you wait for it to be proven and moving up again?
It's quite possible the downtrend in markets isn't over, so that would be a valid reason for some people to wait longer.
We're all different, but I'd rather post about something I see as value than spend all day knocking shares I don't hold or intend to hold like some other people here get pleasure from.
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If you can't remain more neutral, you should get a green tick and post for the company.
You simply can't give a value on it without ALL the information.
Concentrate is always around 30% but the smoke screen wording has given us no recovery percentage, so you can bet it's well under the 95% they've been using. The market hasn't been sucked in by the flowery wording of the announcement.- *Removed* this post has been removed from public view
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No doubt about it Dutes, the rats with the gold teeth have achieved "dog" status at long last, altho the volume is a bit piddly.
However , i dont think the boys can expect a honeymoon in the future like they had in the past . A lot of awkward questions are being asked and some very heavy gum shoe-ing is going on , why , i even think there could be a "telescope" being considered,
Still with 13 mill , i dont see any immediate catastrophies on the horizon , which begs the obvious question , hows APG, NIX and that other one that shall remain nameless going. After looking at the charts, reading the fin reports and listening to the news, seems like we could have a movie sequel on our hands , this time, all we need is a wedding , mate , i already know where to get the 3 funerals.
Cheers
OI NQ , how they hanging?
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He was suspected of being Bendigo. Maybe the mods worked it out.
Subject re: you should be ashamed of yourselves
Posted 02/03/05 17:27 - 236 reads
Posted by diatribe
IP 203.51.xxx.xxx
Post #529197 - in reply to msg. #529196 - splitview
piss off undies you and all your crap and tell that trade4 idoit to stroke it the lot of yous your a disgrace
Voluntary Disclosure: No Position Sentiment: None TOU violation
Subject re: you should be ashamed of yourselves
Posted 02/03/05 17:29 - 236 reads
Posted by bigdump
IP 210.49.xxx.xxx
Post #529199 - in reply to msg. #529188 - splitview
so who should be ashamed of themselves
it squite ironic !
Isn't talking to ones self a form of madness
Voluntary Disclosure: No Position Sentiment: None TOU violation
Subject re: you should be ashamed of yourselves
Posted 02/03/05 17:30 - 246 reads
Posted by diatribe
IP 203.51.xxx.xxx
Post #529201 - in reply to msg. #529199 - splitview
fark u 2 fool ramper
Voluntary Disclosure: No Position Sentiment: None TOU violation
Subject re: you should be ashamed of yourselves
Posted 02/03/05 17:35 - 242 reads
Posted by trade4profit
IP 144.139.xxx.xxx
Post #529204 - in reply to msg. #529197 - splitview
diatribe...
Here are the posts you refer to "6 - 8 weeks ago"...
---
Subject copper strike.. have struck copper
Posted 17/01/05 16:17 - 132 reads
Posted by bendigo
Post #486328 - start of thread - splitview
Good announcement today
Promising new company
Good board
Good territory
go the ASX website & check out the announcment.
Cheers
Bendigo
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Subject re: copper strike.. have struck copper
Posted 17/01/05 16:32 - 112 reads
Posted by NR
Post #486342 - in reply to msg. #486328 - splitview
all ready on them bendigo......awaiting further annonucements.......
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Subject re: copper strike.. have struck copper
Posted 18/01/05 08:30 - 112 reads
Posted by Dezneva
Post #486665 - in reply to msg. #486328 - splitview
Yep, I agree. I know the people as well. They have a whole heap of old TEC ground. Its a great hit. and I think they are continuing the drilling.
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These were the first 3 posts ever on CSE.
Although Dezneva only posted "...I know the people as well...", I can see how you may have remebered that as "...the boss being a good bloke..."
Problem is, it was Bendigo he was replying to and not you!
How do you explain that?
Cheers!
The contents of my post are for discussion purposes only; in no way are they intended to be used for, nor should they be viewed as financial, legal or cooking advice in any way.
Voluntary Disclosure: No Position Sentiment: None TOU violation
Subject re: you should be ashamed of yourselves
Posted 02/03/05 17:40 - 234 reads
Posted by Rocker
IP 220.253.xxx.xxx
Post #529215 - in reply to msg. #529204 - splitview
well picked up T4P
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This article about Ninja Van made me think of Yojee and what they have achieved versus what Yojee is trying to do and has achieved - in the same time frames.
https://www.cnbc.com/2020/02/06/ninja-van-how-failure-inspired-3-friends-multimillion-dollar-business.html
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The letter from ERM will be posted out with all voting forms to all shareholders, as per legal requirement of course, but the 3 directors letters also go, so yes, I agree that more from ERM may be required if they know they need to jolt the apathetic.
Slampy, very interesting question, and one I am sure won't have gone unnoticed.
Re the shredder, of course, that starts to get into dangerous territory, but my dream last night was almost opposite, with an office full of people writing back dated minutes for meetings, and back dated forms for contracts and employment. It was a hectic dream, and I hope there's no reality in it at all.
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LNR Farms into ground 400m from one of Australia’s largest lithium mines currently being built
Disclosure: S3 Consortium Pty Ltd (the Company) and Associated Entities own 55,656,915 LNR shares and 9,250,000 LNR options at the time of publishing this article. The Company has been engaged by LNR to share our commentary on the progress of our Investment in LNR over time.
Lithium in Western Australia is certainly in the spotlight at the moment.
Our Investment Lanthanein Resources (ASX:LNR) has just farmed-in into lithium exploration ground that is 400m away from the giant 189Mt @ 1.53% Li2O Earl Grey lithium deposit.
A deposit where they are currently building one of Australia’s largest lithium mines, owned 50/50 by Wefarmers and SQM.
This exploration ground is an early stage asset - and we are now looking forward to LNR running the first ever drill campaign on this ground in February/March.
Early stage also means this is high risk exploration, where there is a chance nothing will be found.
We have written recently that we are on the hunt for early stage WA lithium explorers with near term drilling to hold during 2024, in anticipation of what we think could be a consolidation of lithium projects in Western Australia in the medium term.
Preferably exploration near existing deposits or mines (where roll ups are more likely to occur if they do happen).
This is the second WA lithium exploration “roll of the dice” we now have in our Portfolio.
Earl Grey is Australia’s third largest lithium mine (currently under construction), which has 189Mt @ 1.53% Li2O and is jointly owned by Wesfarmers and SQM - the largest producer of lithium in the world.
This deposit was found as a result of drilling for gold - there were no outcropping pegmatites.
And now LNR has exploration ground just 400m away from this deposit, with some lithium soil anomalies and a plan to drill in February/March.
LNR’s Technical Director Brian Thomas is also the Chairman of WA lithium success story Azure Minerals - which has recently been subject to a $1.6BB takeover offer by SQM - so he knows a thing or two about massive lithium deposits and cutting big deals.
So the question that LNR will be drill testing to answer in February/March next year: Do the pegmatites of Australia’s third largest lithium deposit extend onto LNR’s ground?
We may know the answer to that question in just three months.
Lanthanein Resources
ASX: LNR
Today, our microcap exploration Investment, Lanthanein Resources (ASX: LNR) announced it intends to acquire up to 70% of a sizeable swathe of exploration ground directly next door to the Earl Grey lithium mine in WA.
Earl Grey will be the third largest lithium mine in Australia once completed - with first production due in 2025.
LNR has previously had a crack at rare earths - exploration results to date have not set the market on fire, and with the price of NdPr down , it has led LNR to look for an additional project to grow shareholder value.
During its rare earths exploration and afterwards, we held onto ~80% of our LNR position and are well under water on the initial Investment, and are looking forward to seeing what LNR can do with its new lithium asset.
Today’s news represents LNR’s first foray into lithium at a time when the lithium world is very focussed on Western Australia - where billions of dollars are being thrown around for hard rock lithium assets.
We think being next door to a discovery is a good thing, and the market is re-rating exploration companies that fit into this category.
Even better, is being next door to a lithium mine - and the project LNR’s has acquired today is next to one of the biggest - the Earl Grey lithium mine which is slated to begin production in 2025.
Owned by 50/50 by Wesfarmers and the largest lithium producer in the world (SQM), the sale of Earl Grey made Kidman Resources one of the great early lithium success stories on the ASX.
Kidman Resources agreed to sell Earl Grey for $776M in May 2019.
Kidman shares were going for just 12 cents three years prior and that $776M transaction was done at $1.90.
That’s nearly a 1,500% re-rate in 36 months.
But imagine what Kidman could have received in today’s WA lithium market?
The WA lithium market is in overdrive right now - egged on by Gina Rinehart’s enthusiasm to purchase shares in what seems like any major lithium project worth its salt.
The US Inflation Reduction Act (IRA) and Gina have combined to create a market frenzy for lithium projects in WA, even while the lithium price remains depressed.
We’ve seen companies trading at market caps of sub-$5M re-rate to more than $60M off of just good lithium rock chips.
One example of this is Raiden Resources, which hit a peak market cap of nearly $190M after it found high grade rock chips in a tenement next door to the Azure Minerals high grade Andover lithium discovery.
The past performance of these lithium stocks is not and should not be taken as an indication of future performance for LNR. Caution should be exercised in assessing past performance. This product, like all other financial products, is subject to market forces and unpredictable events that may adversely affect future performance.
At the helm of LNR is Technical Director Brian Thomas who is on the board of BOTH LNR and Azure Minerals, where he is Chairman.
As we noted above, LNR’s Brian Thomas is no stranger to dealing with large lithium transactions - Azure Minerals is capped at ~$1.6BN after an approach by SQM was complicated by none other than Gina Reinhart.
Gina Rinehart climbed up the register of Azure and as of October, controlled ~18% of Azure’s shares - which at the time, threw a spanner in the works of a proposed $1.6BN takeover by SQM (Source).
And now, LNR investors are gaining exposure to this red hot macro thematic.
Again, LNR’s new lithium project is immediately next door to the Earl Grey mine - which is slated to go into production in the first half of 2025.
We do need to note that LNR is a micro cap exploration stock. This is a high risk, high reward Investment. There are no guarantees LNR will find anything of economic value. Its early days in its exploration.
And while the potential of the project is promising, the terms of today’s deal are also reflective of the current market sentiment around WA lithium exploration projects (see risks section, more on this below).
After the dilution from today’s deal LNR will have a market cap of ~$14M (at yesterday’s close price of 0.6c per share).
LNR had $1.6M in cash at September 30, 2023. While LNR is due to receive $500K in cash and $1.5M in shares from another company for the sale of its PNG gold assets - today’s acquisition required a $2M capital capital raise to pay the vendor of the project.
More on LNR’s project next door to Earl Grey lithium mine
LNR has a permit for 193 Aircore and 50 RC drillholes and intends to start drilling between February and March next year.
LNR will be testing a theory that the mineralisation at Earl Grey extends west onto LNR’s ground, and LNR has potassium soil anomalies to help guide its drilling.
Potassium can be seen as a “pathfinder” element which helps explorers find lithium, along with lithium soil anomalies which go as high as 298ppm.
Below you can see the proximity of LNR’s ground, 400m from the Earl Grey mine and the 2km stretch of potassium anomalism which LNR will be testing with the drill bit in February to March of 2024:
We give this project at “3” on our nearology scale:
3. “Even Better” nearology - geographically close AND same geological structures AND supporting exploration work
This is when two projects have the same geology and structures WITH supporting drilling data/geochemistry and/or geophysics.
With these, we like to see either some drill intercepts showing something is where the company thinks it is rock chips in the area pointing at something, or geophysics showing massive EM targets that need to be drilled.
Learn: How to evaluate “nearology” investments
Hopefully, after drilling LNR will hit good lithium mineralisation and prove their theory.
We have set our expectations for this drill program as follows:
What we’re looking for:
Bull case = Grades of greater than 1.5% lithium
Base case = Grades of greater than 1% lithium
Bear case = Grades of less than 1% lithium or no mineralisation is found
What is LNR paying for this project?
LNR has signed a farm-in agreement, where ownership is tied to exploration expenditure.
The more LNR spends, the closer it gets to a total of 70% interest in the project.
LNR is making an initial payment of $1.5M cash to the vendor.
If LNR spends $7M or more on exploration, it acquires a 50% interest in the tenement.
LNR needs to spend $1M on exploration in the first year - with the “start date” being when the initial payment is made.
LNR also needs to spend $3.5M on exploration in the first two years after this initial payment is made.
The vendors must also receive from LNR a $500K cash payment on the one year anniversary from the start date and a further $500K on the second anniversary of the start date.
If LNR decides to pull out of the agreement, a cash payment of $1M must be made to the vendor MINUS all of the exploration spending LNR has done up to that date.
To get to 70% ownership (a further 20%), within 7 years of the start date, an additional $2.5M is due.
LNR will also be paying another company that had an option over the tenement with the vendor ~533M LNR shares.
All up we see this farm-in agreement as reflective of the red hot WA lithium project market - i.e it is a high risk, high reward exploration project.
What’s next for LNR?
Drilling (February to March)
LNR has a permit for 193 Aircore and 50 RC drillholes and intends to start drilling between February and March next year.
Assays
This will give us a much better understanding of the project’s potential.
Heritage approvals for expanded drilling
If initial results are good enough, we expect LNR to seek heritage approvals for additional drilling.
Soil sampling across other targets
LNR intends to conduct soil sampling to help firm up additional targets across the project.
Risks
Exploration risk - Although LNR has potassium and lithium soil anomalies across its project next door to the Earl Grey mine, there is no guarantee that these correlate to economically recoverable lithium mineralisation. As with any exploration company, there is always a chance that after drill testing its targets, LNR returns uneconomic lithium grades or even no grades at all.
Funding risk - the farm-in agreement is reflective of the market sentiment for WA lithium projects at the moment. Should drilling not be successful, LNR like all small caps may need to raise additional funds to continue its operations which could result in additional dilution to shareholders.
Market risk - market conditions could deteriorate further, impacting LNR’s ability to raise additional capital and/or hurt LNR’s share price.
Commodity price risk - the price of lithium could decrease, hurting the economics of any potential project on LNR’s grounds.
Dilution risk - with the capital raise and vendor payments, once tranche two of the placement settles, LNR could have close to ~2.2BN shares on issue, where it once had ~1BN shares on issue. Additional options have been issued as part of the transaction. The impact on the capital structure from this type of raise and large increase in shares on issue may impact the ability of LNR shares to re-rate in the event of a discovery.
Our LNR Investment Memo
We intend to review our LNR Investment Memo upon completion of the company’s first round of drilling at its new lithium project. -
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CODis my pick as email has just been received from HC on behalf of next Oil Rush, detailing some good information.
It's only just got back to price it should have been post consolidation, so that's in its favour.
Very little to sell, I like that, as it will move quickly.
Many won't have received the email yet as they're at work, etc.
Read more here.
http://www.nextoilrush.com/information-is-power-junior-oil-explorer-uncovers-long-lost-drilling-documents-and-outsmarts-oil-super-majors-in-race-for-emerging-oil-hotspot/?utm_source=HCMO
Looks good for next week. Be prepared!- *Removed* this post has been removed from public view
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Salty - howsabout an email update please imo!!- *Removed* this post has been removed from public view
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Lots of reading today!
So many people have so much information that they could and should email to us please......
[email protected]
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Mkt cap ! $4.215M |
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0.1¢ | 0.2¢ | 0.1¢ | $5.977K | 5.851M |
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43 | 46722932 | 0.1¢ |
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0.2¢ | 79551152 | 51 |
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Last trade - 12.00pm 18/06/2025 (20 minute delay) ? |
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