short term trading week starting - 11th mar

Weekly Fundamental and Technical Analysis Prospects - Week Starting 11th Mar 2013 (No. 56)

Here’s this week’s FA and TA List. The newer items first and those carried forward from last week towards back of list (some of the items from last week have a time horizon of more that one week).
All listed market caps are undiluted (and do not include escrowed shares) (Note: Max time for any entry on list will be 4 weeks after which time it will be removed).

Important Note: Remember just because it appears on the list does not necessarily mean it will rise in price... it may actually fall or do nothing. So it is critical that you perform detailed research on each stock first and make your own mind up to whether invest or not. I suggest you run a stop-loss at all times when trading/investing. How tight your stops are depends on your threshold to risk and financial pain. Lastly I take no responsibility for the accuracy of the information provided as I do not have the time to research all the facts that have been provided. Best of Luck.!


Weekly Fundamental Analysis Prospects
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SXT - Nickel and Copper in WA,

11/03/2013

They have found supergene nickel and copper at surface east of Menzies and are working up a drill program to commence shortly, in any event it running on the big names involved and the prospect just now so could be very good imo
Spotted by: V8

(Mcap:$9.1m)

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RIA - Oil and gas explorer in West Africa,

11/03/2013

ialto is a much unloved explorer after some less than optimum results from drilling in a proven area .However all bottoms come in eventually and I believe it is in for them . Catalyst for the run up back to some semblance of true value is market interest in the upcoming huge Ghana drill .... and its , so far unfunded , two or three drill high impact campaign in CDI . A farmout must be very close and there is not much time for things to happen before the drilling begins . This is a very oversold stock about to turn the corner IMO . Even a CR of a quite significant amount would likely be done at a premium to its current SP . Not for the faint hearted as it has really disappointed in the last year .
Spotted by: J8

(Mcap:$46.4m)

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HLX - Copper gold minerals explorer,

11/03/2013

Many JV'ed minable projects on the books but near term price mover is exploration of the copper rich Blanko Y Negro project in Chile. I’ve put a lot of info on Geology Thread and HLX thread but in short they have a 20m for 2%cu and 1g/t gold intersection from the first hole drilled which has just clipped the top of the supergene blanket and returned 50cm of 20% cu and 10g/t gold with some moly at the end of the mineralised section. Detail mapping currently in progress and DHEM to be done in about 2 weeks with a 2000m drill program to follow. There in elephant country so who know, might be big.Creasy's the major shareholder, massively undervalued imo with some exciting stuff coming up.
Spotted by: V8

(Mcap:$13.9m)

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SEO - Gold in WA,

11/03/2013

as just come off all time lows1200m A/C drilling just commenced at Puma, Coolgardie, part of 9000 hectare Jaurdi Hills project Additional drilling underway at separate part of Jaurdi Palaeochannel gold mineralisation “Spotted by: Fibonarchery

(Mcap:$1.4m)

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RDS - Nickel Copper in WA,

11/03/2013

Drilling to commence this month at Tollu in Musgrave region WA - giant nickel sulphide-copper-cobalt system, 400m thick, 7sqkm.Could behave like RDM/DRK once drilling commences WA government contributing to drilling costs" Redstone Resources is concentrating its exploration in the Western Musgrave Region of Australia, where it holds tenements with an area of 2,200km2. The Western Musgrave area is highly prospective for Ni-Cu-PGE and IOCG style mineralisation. The company also holds tenements prospective for phosphorous and potassium in the Amazon Basin, and iron and nickel in the Amazon Craton."
Spotted by: Fibonarchery

(Mcap:$16m)

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NXR - Iron ore in Guinea Africa,

11/03/2013

Have discovered hundreds of million of tonnes of Iron ore in Guinea, 60 kms from TWO different rail lines and ports with excess capacity. Near term price drivers - They have 16 million tonnes of DSO ore at surface, drilling now and concept study due any day. Has extremely low silica content, less than 1%, that’s very good, can be up to 4%. Why is it so cheap? The ore has a high phosphorus content, about 0.3%, should be about 0.1%, this means you will take about a 30% hair cut on the spot price of IO. BUT have spoken to management, they are not concerned as they believe the product will be in demand due to exceptional low silica content and smelters will want it to blend down high silica low phos ores, hence minimal haircut on price. If correct this could easy ten bag this month cause they will have $3.2 billion dollars of ore from about 5% of tenement with a 100 million tonne target for DSO ore, with near term production potential (this year). Pricing and near term production potential to be revealed in concept study due imminently.
Spotted by: V8

(Mcap:$3.6m)

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NMR - Coal in Africa, plus copper. ,

11/03/2013

Expected updates to core development coal project, Ann's from African govt re transit right near NMR project, and start of work on copper projects recently acquired. Nimrodel Resources Limited (NMR) is a mineral exploration company which has a portfolio of energy and precious metal exploration projects in Africa and Australia. NMR’s focus is on the Takatokwane Coal Project in Botswana, Africa. Company has said in a Jan Ann that it will not seek further funding from the market this year. ? 6.9 billion tonne thermal coal Inferred Resource currently under Pre- Feasibility Study (NMR earning ~67%) ? Highly prospective copper play with +10% Cu in oxide grades and sulphide nickel and copper prospects PGE project at Makete in Tanzania with 17m @4,9g/t PGE+Au.....IMO well under valued.
Spotted by: BrookeCE

(Mcap:$8.7m)

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ETE - Oil and Gas in US and Mexico.,

11/03/2013

Explorer and developer. Expected announcement of farm out partner in next month, who company announced in January 2013, that is a highly regarded and well funded successful US operator with experience. Farming out 35% of Sandwash leases (retains 20%) for an unlimited free carry in an approximate 90 square mile 3D seismic survey which is expected to be acquired by the Operator this season; and - an unlimited free carry in three new exploration wells to be drilled by the Operator following the seismic survey (the Operator will be entitled to cost recovery in relation to the first three wells from any production thereof); and- a cash payment of approximately US$7 million. e Agreement EXCLUDES the highly prospective Focus Ranch Unit,
Spotted by: BrookeCE

(Mcap:$30.1m)

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CTR - Oil and Gas + coal in Aus and Mexico. ,

11/03/2013

Further news and Ann's expected re Guatemala in Mexico with new drilling and reserves updates. Recently announced in Feb. 2013 that their atzam#4 well had reported 2.3mmbl probable reserves with flow rates of 300-400 barrels per day with an 85-90% oil cut. They have also identified significant moveable oil in elec logs for other parts of the current structure which is still untested. Expecting this to provide boost. Aztam#5 is due to spud following successful flow testing on #4. See Ann ASX 20 February for further details
Spotted by: BrookeCE

(Mcap:$6.2m)

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BUY - Oil and Gas in QLD, SA, and Tanzania Africa. ,

11/03/2013

Updates expected re Utopia Oil discovery, production, and possible further exploration of near prospects across their leases of most recent finds. Recently hit gross oil column of 9.4mtrs with net pay at 5.8mtrs in good sands. Cased and awaiting completion to produce. Utopia 14 on top of has proven as a good extension to the fields, with potential for 1.8mmbo. Recently hit 9 meters of pay oil in excellent porous sands. Holds leases and interests in Tanzania with gas, and the Carnarvon basin in WA for shale oil nor factored in as yet anywhere to sp. IMO massively undervalued. Recently raised $2mil at 2c
Spotted by: BrookeCE

(Mcap:$15.9m)

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AYR - Gold explorer in WA,

11/03/2013

Due to release updates for its Crack of Dawn prospect. Green fields gold discovery was confirmed late January, not far away from the Jundee gold deposit that holds 5mil ounces of decent grade. The new discovery is 15km north of the company’s main horse well project where they already hold 100,000 ounces. Current aero magnetic surveying is underway across a 90km zone. Results due to be released to market mid march (see latest Ann). Of note, massive accumulation tactics have been playing out of late around the 0.009 mark, and once exhausted is expected to run further. AYR ran hard on the day of the Jan announcement however was fairly premature, and since it seems weaker holders have been selling out that were stuck with stock bought around 1.5c it seems.
Spotted by: BrookeCE

(Mcap:$2.5m)

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CDB - Chilean copper / gold explorer,

11/03/2013

Chilean copper / gold explorer, including porphyry deposits, plus an iron ore tailings project with near term cash flow There are therefore 3 short term catalysts: - No delays in drilling their copper targets now, we know they are drilling 24 hours a day and will start up a 2nd 24 hour drill rig on 12th march. Updated info re porphyry projects including 3 potential partners visiting the Gold Iron project. - but most importantly for me has been confirmation of progress relating to the iron ore tailings project, including detail on some realistic costs which need to be incurred to get it started. They've also concluded discussions with customers
Spotted by: Prestonian

(Mcap:$3.2m)

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MAT - Nickel Copper Gold in WA,

11/03/2013

Recent new discovery by SIR at Bollinger and MAT's grant of their ground next door to Nova are likely to see further rises. I do expect there may be a day or two where the SP actually drops early this week but over the course of the next month I expect we may well see a further substantial gain in its SP
Spotted by: John435©

(Mcap:$62.9m)

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JKA - Oil/gas in Tunisia, Nigeria, Somaliland, Tanzania, Australia.,

11/03/2013

Fully funded for an appraisal well in Tunisia end of March, and development well in Nigeria end of year. Still expecting award of Tanzanian onshore block at any time. Undertaking 2D seismic in Somaliland. Has come off lows last week and technically looks good as well.
Spotted by: Nicto

(Mcap:$55m)

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AXE - Graphite in South Australia,

11/03/2013

Metallurgical testing of Campoona (South Australia) graphite project achieved outstanding finely crystalline natural graphite concentrate >99% TGA* achieved from mechanical cell flotation Tech Minerals Consulting Group stated that "prices for flake graphite of 99.0% and higher in particle size ranges from 5 micron to -100 Mesh will command between A$2,500 to A$5,000 per metric tonne". AXE also has Leigh Creek magnesite where the previous owner defined a JORC (Measured, Indicated and Inferred) Resource of 413Mt grading 41.3% MgO. The deposits consist of high grade cryptocrystalline magnesite. Overlayed at LC, AXE owns a PELA (567) which is between NVG & EDE and south of LNC. So lots of other news in the pipeline. There is potential for share price upside as its shares trading at 17.5 cents have a cash backing of 13.5 cents, leaving its assets valued at a mere 4 cents per share
Spotted by: Tobyjack

(Mcap:$17.3m)

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PBT - Biotech trialling treatment for Parkinson's and Alzheimer's disease.,

8/03/2013

bout to release a further update on Friday regarding current Phase II trials at an international conference. All indications show positive data so far and any significant update will send the dual listed PBT soaring
Spotted by: SKHammer

(Mcap:$80.1m)

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FRG - Nickel Copper in WA,

8/03/2013

A couple of interesting anomalies south of Nova next to SFX's Red Bull ground ,plenty of cash to drill and the lowest MC/EV of the juniors to the south of Nova where I anticipate we will see the next nickel find in the Fraser range area .I now hold MAT,SFX and FRG but in the short term expect to see a rerating in FRG because not many seem aware of it's ground in the area
Spotted by: John435©

(Mcap:$16.9m)

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PYM - Oil and Gas Exploration in Louisiana USA,

6/03/2013

Results from drilling due this week, had a massive flare whilst drilling a few weeks ago, sonlite report (http://sonlite.dnr.state.la.us/sundown/cart_prod/cart_con_wellinfo2?p_wsn=244879) shows a 3000 BOPD EST POTENTIAL could rise to 30c on release of news.
Spotted by: Adampearson

(Mcap:$20.5m)

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PRL - Oil/Gas in Spain and South America,

6/03/2013

Went into a trading halt today. Received a speeding ticket. PRL responded that it is currently in confidential negotiations with several undisclosed parties re a number of O&G investment opportunities. Late last year Petrel completed a US$2.5 million investment in 14,000 square kilometres of highly prospective petroleum exploration acreage in Uruguay in South America and an 85% stake in two licences prospective for gas, covering 82,700 hectares, in southern Spain. The funds will cover the first phase of a three-stage work program, primarily on the acreage in Uruguay. The Piedra Sola and Salto shale concessions, onshore Uruguay, represent a significant first-mover opportunity for a company of Petrel’s size, in an asset with resource potential normally associated with major oil companies. French petroleum giant, Total, was granted two concessions to the North of Petrel’s acreage late last year. Uruguay is substantially underexplored compared to neighbouring Brazil and Argentina.
Spotted by: Tobyjack

(Mcap:$21.3m)

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MKE - Oil explorer - Canada (all over),

6/03/2013

Today received a farm-in deal with CPO worth $220million for a work-in interest. MKE still retain 12.5% and have to pay nothing to be free carried through the entire program AND can pay for an up to 20% option. Given that MKE is only 22mil that means they essentially just did a deal worth 2x their MC. They also have farm-in agreements on all of their other tenements so cash isn't a problem at this stage (1mil on hand + $800k production worth per quarter) As per the above they currently receive about 116bbl/day production from their farm-ins and this will increase at a low expense to the company. This announcement today was the big star and the market hasn't woken up to it yet. I feel this could be a bagger or two in coming days
Spotted by: Nihilism

(Mcap:$20.5m)

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BGS - Gold Mineral exploration in West Africa (Mali and Liberia),

6/03/2013

Commence a 10,000m drilling program last Feb 13 and currently anticipating for result in early March. The program will include verification of previous ore grade intersections at the Ntiola Prospect and drill testing for extensions of the known mineralisation in the broader Ntiola area, where multiple untested soil anomalies and mineralised trends have been identified. Today, almost 25% of the market cap exchange hands. Huge volume!
Spotted by: Butzagatep

(Mcap:$7m)

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WCN - Nickel/Copper WA,

5/03/2013

This one is not fully understood with a lowball 3million ASX shell company MC fully diluted. Very undervalued for its physical and speculative value with many catalyst which could move it very easy and fast in the next few weeks. Fully funded drilling programme coming up consists of 2000m RC drilling at Mt Gordon and Lake Percy. 2x of the targets are on the same basal contact as the Maggie Hays find. This drilling is the most prospective to date straight from the horse’s mouth (management). Nearology to Maggie Hays 20KM away massive nickel find.
Spotted by: Bonkers89

(Mcap:$3.7m)

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SGQ - Nickel exploration East Laverton .WA ,

5/03/2013

Nickel explorer with a prime target in virgin ground . SGQ await confirmation of targets and a drilling campaign at arguably the most prospective of the nickel wannabies Price is announcement driven and the market wants action . Weather is key and so far so good . March announcement of April drill will be no surprise . Other key factor is the JV they have with BHP . The agreement is due for renewal and will have new terms . Much interest in this deal . From memory it must be completed late this month or very early April.
Spotted by: J8

(Mcap:$7m)

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STX - Shale Gas targets in the Cooper Basin,

4/03/2013

Strke’s Southern Cooper Basin Project is initially targeting the coal seam gas potential within permits PEL 94, PEL 95 and PEL 96. Strike estimates that approximately 75% of the 8.2 to 21.5 Tcf prospective resource in this area is associated with the coal. A significant upgrade to the prospective resource was made in 2012 after high gas content and thick coal was encountered in the Marsden 1 and Davenport 1 wells. The project is ideally positioned to supply the Eastern and Southern Australian gas markets with open-access pipelines passing through the permits." With a market cap around $60m it seems ridiculously cheap based on recent deals done in the Cooper Basin and my guess is now that BPT has sorted out its flagship assets they will be able to focus on their highly prospective JV assets with STX
Spotted by: Strauss

(Mcap:$73.7m)

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Weekly Technical Analysis Prospects
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BGS - Gold Mineral exploration in West Africa (Mali and Liberia),

8/03/2013

Amazing bowl formation set up and breakout currently going on. Break of 0.8c will see it skyrocket. Apparently this TA formation is also coinciding with some FA drilling campaign which results are due soon, normally see a rise-pre-assays so this could be it. Technically a break would see a bagger , if not more
Spotted by: Nihilism

(Mcap:$7m)

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ATU - Coking / Thermal and Anthracite Coal in Canada,

7/03/2013

Australian-based exploration company primarily to acquire, explore, evaluate and exploit metallurgical and export coal projects, including coal at the Groundhog Coal Project, Peace River Coal Project, Bowron River Coal Project and Naskeena Coal Project in British Columbia, Canada. Chart shows an Ascending triangle forming on the daily with 70c resistance level . Depth of the triangle is approx. 25c depth. Projected short term target is 95c-$1
Spotted by: McKagan©

(Mcap:$44.6m)

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SGQ - Nickel exploration East Laverton .WA ,

5/03/2013

The recent high of forty cents from a low of ten cents gives a range of thirty cents . The most recent attempt on a high was twenty four cents .... ten cents off the low of fourteen . That gave us ten cents out of a possible thirty cent move . Current SP of seventeen represents an initial target of twenty four cents again and then forty four cents .Twenty two and a half should see it into the lounge
Spotted by: J8

(Mcap:$7m)

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MLX - Australian Tin producer,

5/03/2013

Mlx has broken out of a strong resistance level of 16c. Support has entered the stock, and volume on the buy side to sell side is around 3:1.Expecting it to commence a strong upward trend towards the mid 20's to early 30's.
Spotted by: Bcsiles

(Mcap:$272.5m)

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Links to Previous Weeks Lists

No.55: Short Term FA & TA Leads (4th - 8th Mar) Click HERE

No.54: Short Term FA & TA Leads (25th Feb - 1st Mar) Click HERE

No.53: Short Term FA & TA Leads (18th Feb - 22nd Feb) Click HERE

No.52: Short Term FA & TA Leads (11th Feb - 15th Feb) Click HERE