short term trading - week starting 8th april

Weekly Fundamental and Technical Analysis Prospects - Week Starting 2nd April 2013 (No. 60)

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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RDM - Silver Lead in Australia,

8/04/2013

Catalyst - Assays from recent drilling (MRN12004B) due this week and visuals from Daughter hole (2) MRN13001 due within 2 weeks - visual 2 weeks thereafter. Expectations - Assays are expected to come in line with Upper BIF of previous hole MRN12003B which showed results of up to 10% PB + 150g/t AG, or 17% PB Equivalent. Model suggests possibility of transition into higher Silver, suggestions up to 400g+ AG.
Spotted by: Bobsa

(Mcap:$25.3m)

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RGU - Gold NT, Uranium WA,

5/04/2013

Market cap $500k Cash $1.4 million - trading at about 1/3rd of cash. Sold down to silly market cap given cash, and expressed desire for acquisition. Large (relative) buyer has been accumulating (Katana Equity/Classic Capital) and today announced sub holder of 9.8%$22k buyer has appeared at 1.1c
Spotted by: Fibonarchery

(Mcap:$0.6m)

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MAB - Iron Ore exploration in Canada,

4/04/2013

The first drill has intersected a whopping 275m of hematite mineralisation and is still open, with drilling to 350m still to be completed. Low sovereign risk and there is already an infrastructure solution, as this is Canada's largest iron ore province with many operating mines run by the majors, nearby.7% shareholder is Michael O'Keeffe, the founder of Riversdale Resources, sold to RIO for $4 billion. Assay results due in May. More drilling to occur on both DSO and magnetite targets. There seems to be genuinely enormous exploration upside here, with electro magnetics indicating a strike zone of 33km length and 200-300m width
Spotted by: Umizoomi

(Mcap:$37.2m)

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MZI - Perth/Bunbury based Mineral Sands,

3/04/2013

MZI plans to export all Keysbrook’s average annual production of approximately 91,000 tonnes of leucoxene and zircon concentrate products through the port, which is located just 10 km by road from Picton where the final products will be stockpiled following processing at Doral’s Picton mineral separation plant. MZI is confident of finalising a Services Agreement with the BPA and expects this to be completed in the near future. The decision by the Board of the BPA comes as MZI prepares to receive binding offers for the debt facility arrangements for Keysbrook from two leading banks. The banks, one of which is Australian and the other South African, have been appointed joint lead arrangers of the debt facilities for Keysbrook’s development. The debt facilities comprise a senior secured facility to fund the project development, a capital cost overrun facility, working capital and bank guarantee facilities. MZI is also in advanced negotiations concerning key offtake agreements.
Spotted by: J8

(Mcap:$37.3m)

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GGX - Conventional oil & gas Cebu, Philippines,

3/04/2013

After reaching 14c on pre drill hype, GGX took a big fall from grace with two WildCat dry holes. They've suspended drilling the third wildcat at this stage. However, its the existing well, the work over of Malolos-1 that has been the most likely target all along. They've had a few delays with Drill rig problems which has seen the SP fall to a lowly 3 cents. Finally, today they released an announcement stating all works on the well are now complete, and they aim to flow test over the coming 7-10 days. There are multiple pay zones,, with both oil & gas objectives. Oil has flowed from the well in the past (1960's), check announcements, and reservoir estimates are at between 10-15 mboo which will be proved up on confirmation of commercial flow. Holders have been waiting a patiently to get to where they are today, with the Malolos well having an obstruction that, up until now, has caused significant delay.
Spotted by: Youngeagle

(Mcap:$19.4m)

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PXS - Biotech,

2/04/2013

2011 knock back from Europe, pxs dropped 75% to 71c then bounced almost 100% to $1.39 in the next two days. PXS lost 75% following the negative news of US approval from $1.25 to 32c. The big differences currently are:1. Pxs has cash on hand close to $80m + $20m from NovaQuest on pxs' option, close to current market cap.2. Bronchitol approved and is selling in Europe, UK, Australia3. Achieved Milestone in Phase 3 Trial for Bronchiectasis which targets a much bigger market
Spotted by: Accaeric

(Mcap:$97.2m)

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PRL - Oil&Gas Canada & Uruguay,

2/04/2013

Comes out of Trading halt on 2nd April, following announcement they have acquired a key interest in one of North Americas most prolific oil producing formations, the Cardium play, west of Calgary in Alberta Canada and is poised to become an oil producer. he Cardium play is recognised as one of Canada?s most successful, emerging unconventional oil plays. Petrel Energy has agreed terms with private Canadian group, Bernum Petroleum Ltd, to acquire a 40% interest in a portfolio of up to 5,120 gross acres in the Lochend area of the greater Cardium play, located immediately west of Calgary
Spotted by: Tobyjack

(Mcap:$26.2m)

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KBL - Silver, Copper, Iron; NSW, WA, QLD,

2/04/2013

Producing copper at Mineral Hill, NSW, soon adding silver/gold and lead/zinc production. 100% ownership. Mine life 10 yrs+. 60000t copper, 6 million oz silver plus gold and Zn/Pb. Mineral Hill ore processing mill alone worth $100 million.28 million oz silver at Sorby Hills, WA - Australia's biggest shallow Ag/Pb/Zn project. 75% ownership, production early 2014.Another 10 million oz silver next door at Manbarrum. 51-80% ownership.155mt DSO at Constance Range, QLD. 1.5mta scoping study, 30% ownership. Also have two smaller copper/silver/gold projects near Mineral Hill, $10 million debt funding organised and $3 million cash
Spotted by: Fibonarchery

(Mcap:$20.8m)

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GCR - Copper Gold, Iron ore Coal Phosphate,

2/04/2013

Company has many projects in fact too many to list ranging from an advanced Copper Deposit known as Copper Hill in NSW to Coal in Qld to Phosphate in the Northern Territory. What I like about the company is its IOCG grounds along strike from Olympic Dam located in the "G2 Structural Corridor""GCR holds five granted tenements covering 3,150 km 2 within the northern Gawler Craton in South Australia. Drilling is due to commence "GCR has executed the necessary agreements and received. Almost all of the necessary approvals to commence its drilling program on the Oolgelima Hill EL in the northern part of the Gawler Craton in South Australia. Drilling will commence as soon as possible now that GCR has been granted access under the native title claim process"
Spotted by: Strauss©

(Mcap:$8.2m)

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AUC - Nickel/copper sulphides in WA,

2/04/2013

Share price has fallen from $1 to below 6c in less than 12 months, due to gold prospects not living up to expectation. Very little market awareness of their Ni-Cu assets. I'm writing off the gold in my valuation and just considering the pentlandite/chalcopyrite at its 100% owned Yamarna project in the greenstone belt of Yilgarn Craton, WA, where a fresh round of drilling commenced 10 days ago.2011 drilling included these first pass drilling results:31m @ .58% Cu,.35% Ni, from 29m21m @ .63% Cu,.20% Ni, from 88m28m @ .50% Cu,.21% Ni, from 99mCertainly worthy of follow up but until now AUC have been focussed on gold.At current $8.5 million m/c with $1.4 million cash, and drilling in progress I feel it's now worth buying.
Spotted by: Fibonarchery

(Mcap:$8m)

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AOU - Gold, South Africa,

2/04/2013

22000m RC and diamond drilling campaign in progress to expand it's already healthy JORC of 3 million ounces of gold. Initial results from the first few thousand metres of drilling didn't meet expectation and saw a 50% depreciation. Probably oversold given almost 20000m of drilling results to come and current JORC. Company currently valued at $4 per resource ounce Au compared to peer average of $40 per resource ounce Au. Resource is low capex, low ope, mining licence covers 42sqkm, valid for 25 years, serviced by existing airport, roads, rail, power, water. ($5 million cash)
Spotted by: Fibonarchery

(Mcap:$5m)

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TUC - Heavy Rare Earths, NT, Australia,

28/03/2013

Have discovered ionic heavy rare earth deposits in the NT similar to the prolific HREE clay deposits in Southern China (this style of deposit is relatively cheap and easy to process). TUC’s grades are much higher than the Chinese deposits. They have been able to attract a large Chinese partner, Shandong Provincial Bureau of Geology and Mineral Resources, who is willing to fund exploration and find off-takes for the project (provided the project reaches that stage). TUC were recently granted access to explore prospects in close proximity to their initial discovery that appear to be identical but are 50-100 times larger. Exploration began early March, samples are currently at the laboratory and results will be released within the next 2 weeks. If they are positive TUC will re-rate.
Spotted by: Manintheshadows

(Mcap:$11m)

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MAR - Gold explorer in North Qld,

28/03/2013

Has an JV agreement that is set to be announced in the coming days with BCD over Lorena project. Buying has increased over the past days, with the lowest being 0.008c and peak being 0.012. BCD kinda let it slip of their intention in an announcement yesterday, but MAR have not released details.
Spotted by: Ricdan1985

(Mcap:$8m)

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RER - Gold in the DR Congo,

27/03/2013

Fresh results46.1m @ 5.40g/t Au (includes 2m @ 93.45g/t Au)(!)23.62m @ 3.66g/t Au (includes 6.11m @ 8.52g/t Au)EV of $3 million. Not dissimilar from EAR's grades. EAR mc $17 million. Mineralisation remains open at depth and along strike A second drill rig has been mobilised to commence infill drilling at Kadutu on 50m spaced section lines
Spotted by: Fibonarchery

(Mcap:$4.1m)

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ETE - US Shale Oil (Niobrara),

27/03/2013

irector buying recently indicates that the January $37m Farm-in deal with a large (but undisclosed) US Oil company is on track, and closure is expected at the end of this month.The shares have pulled back from over 8c to around 6c currently.Following the deal ETE will have cash of $16m, compared to the market cap now of $30m.The JV deal provides free carry to cover 2013 and 2014 exploration costs consisting of seismic and 3 wells estimated to cost US$30m.The deal was struck at $1,500 per acre yet ETE trades at under $550 per acre currently. So upside could be almost 3x the current share price.
Spotted by: Umizoomi

(Mcap:$26.6m)

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Weekly Technical Analysis Prospects
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TNP - Coal gas in China,

3/04/2013

t spent last week respecting last 12 months resistance of 2.5c as new support, which also coincides with 50% fib retrace from the run up in Feb. Sell off in the week of the 18th was met with big buying interest, and sellers dried up last week, despite being inside three previous high-volume bars, so holders aren't wobbly
Spotted by: Solitus

(Mcap:$13.6m)

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SRK - Iron in Peru, coal in Indonesia,

26/03/2013

Has again reached the bottom of a repetitive channel formation and should bounce up to mid-channel range of 13c or so. Low volume and illiquid stock so not really prime charting material but channels are a reliable chart indicator in spite of illiquidity At current 9.6c is just above 52 week low of 9.4c.Has very strong FA to back up TA with $14.5 million cash, $14 million market cap and plenty of Fe.
Spotted by: Fibonarchery

(Mcap:$12.2m)

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RIA - Oil and gas explorer Australia & Africa,

26/03/2013

Bouncing strongly off low same low point as 2009 .Showing strong green candle on monthly chart and approaching the trix bias line .Weekly and daily chart also showing strong move to the bias line with a strong separation from the signal line on the trix. Sitting on resistance now and looking for it to head to next resistance at around 14 . If it breaks that expect it to strongly rise through the year.
Spotted by: Valen1828

(Mcap:$53.8m)

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Links to Previous Weeks Lists

No.59: Short Term FA & TA Leads (25th – 29th Mar) NOT AVAILABLE

No.58: Short Term FA & TA Leads (18th - 22nd Mar) Click HERE

No.56: Short Term FA & TA Leads (11th - 15th Mar) Click HERE