Weekly Fundamental and Technical Analysis Prospects - Week...

Weekly Fundamental and Technical Analysis Prospects - Week Starting 10th Sep 2012 (No. 32)

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).
Again, I have taken the liberty of adding some info where it was unclear or fixing typos where I came across them. Hope no one minds. I have reduced the list to 10 or so items again. If you would like me to change your item then please let me know and I will update and I will re-issue. Will open for submissions on next week’s list this Friday after market close. All market caps are undiluted and were correct at time of posting (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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MAT -.Copper Nickel in South/Eastern WA. Drilling at Dunsville, assays should start to flow in about a month I think. Possible grant of excellent Thai ground. Well cashed up with assertive and proactive management. The general area of land they have under the control now in the Fraser Ranges. Given many juniors are short of funds one might think that MAT will take advantage to make further astute acquisitions of ground in this ground now prospective for Nickel/Copper and Gold.(Mcap: $36m)
[Upcoming Drill results and cashed up and possibility of acquisitions]
Spotted by: John435 (No Position Held)

CGV -.Oil/Gas in Guatemala, The Company has signed an agreement to acquire an interest in oil & gas blocks with combined 400,000 exploration acres in the highly prospective South Peten Basin of Guatemala (the Projects). 51-101 certified reserves identifying proved plus probable (P1 and P2) reserve estimates of 2.3 MMBBL . The company is currently drilling for a possible resource of 1000+ Barrels of oil per day. The well should hit target depth in approximately 35 days. (Mcap: $5.1m)
[Drilling well targeting 1000+ BOPD]
Spotted by: TimBuckley (Position Held)

ETE -.Oil/Gas, shale in Niobrara in the US, There are four distinct hydrocarbon bearing zones within the Niobrara and additionally potential in the underlying Frontier Sandstone and Mowry Shale. All of these intervals have previously produced oil and gas from wells within Entek’s acreage position. The Entek Appraisal Program is seeking to gain production characteristics from all Niobrara zones. It is important to note that, in each well, each zone only represents a portion of the total Niobrara potential. There have been Issues with latest well only 8 BOPD. This may/should be sorted out soon, so thought I would go for it this week. Drilling in the shale in Niobrara Oil Resource. Mainly appraisal at the moment for later horizontal drilling. Hit a low of 8.5cents this week due to last announcement.(Mcap: $43.4m)
[Sell off on recent poor drilling result overdone given grand and appraisal drilling only]
Spotted by: Trees (No Position Held)

BRW - Breakaway Resources goal is to discover and develop high-quality standalone mineral deposits. The Company’s exploration activities are focussed on our priority Eloise Exploration Project (copper-gold) located within the Cloncurry District of North West Queensland an area that we believe offers the most attractive opportunities for future success Just entered a JV with Sandfire resources SFR will spend 8 mil over 3 years. SFR did a placement for 6% at 2.3 cents. The cash will help BRW come up with initial JORC for one of their tenements. Just sold a tenement to Mithril (MTH:ASX) for 200k has been a whole lot higher not many shares. Been good buying over the last few days thought it would come back and waited but it seems to have soaked up a fair few and is on the rise. Target around 3.5 to 4 cents..(Mcap: $9.94m)
[JV Wit Sanfire to develop Jorc on Tenement]
Spotted by: Tcisbos (No Position Held)

SIR (Short) -Copper/Nickel in WA .Company has been flying very high recently on the discovery of a new mineral province. In South Eastern Western Australia. Although the company has indeed found encouraging Nickel /Copper and identified a Geophys anomaly it is still unproven. I think the company has run too far too fast to justify the current market cap it has. So far the +ive drill results have come from a very small area approx 250m. Unless they start announcement some massive drill results gravity will overcome the speculative interest. (Mcap: $257m)
[Overvalued based on assays received so far Bubble will deflate unless consistent results ann’ed]
Spotted by: Freehold (No Position Held)

AOC -..Oil/Gas, The latest announcement didn’t turn up a flow - but there was pressure there, suggesting there could still be oil in the ground: swabbing will continue Wednesday 5th so something might still turn up. The company still have two shallower zones with shows which the company believe are worth testing. http://hotcopper.com.au/announcements.asp?id=467265 While the market may not have like the latest results, its still game on and the huge price drop offers AOC at a huge discount imo (Mcap: $11.5m)
[Possibly a positive follow up announcement to failed well]
Spotted by:Adrunis84 (No Position Held)

AVB -.Copper Iron Ore Nickel in Brazil , Waiting on a number of potentially market moving announcements: 1) Vale extension/buy out. Receiving a min of $1m for extension but given that negotiations are still continuing, odds are increasing for a payout in the range of $10m-$40m. (My estimate is $20m+ to manage down expectations of the max). 2) Preliminary economic study which, apart from the numbers, should also outline the path to production to add credibility to the fact that AVB is going be a producer within the next few years. 3) Drilling results from Pedra Branca 4) JORC upgrade which hasn't moved the market in the past but given the market is more receptive to "risk" assets may get a better reaction in the current environment (Mcap: $72m)
[Market Announcements expected , Vale Purchase and Prelim Economic Study]
Spotted by: Amulet ( Position Held)

TNG -.TNG, with the completion of the Pre-Feasibility Study (PFS) for its flagship 100%-owned Mount Peake Iron-Vanadium-Titanium Project in the Northern Territory, acquisition of the Mount Hardy Copper field, and the finalisation of a $13.4 million investment by the Jiangsu Eastern China Non-Ferrous Metals Investment Holding Co. Ltd (“ECE”). The PFS results show an increase in life-of-mine revenues and potential cash flows which build on and enhance all previous results from the Scoping Study and interim PFS completed in 2011.Upcoming drill program on some good copper targets south west of Mt Peak and at Mt Hardy. Plenty of cash so no danger of a raising. (Mcap: $32.9m)
[Upcoming Drill Program]
Spotted by: John435 (Position Held)

GCR - Copper explorer, Golden Cross Resources (ASX:GCR) is a mineral explorer with a copper-gold focus. Its major project is the Copper Hill copper-gold deposit at the Molong Project in central NSW. GCR also has many other high quality projects across Australia as well as prospective joint ventures, funded and managed by GCR’s partners. The Copper Hill (Constrained) Resource, (Lewis Mineral Resource Consulting, ASX announcement 13 Dec. 2011) of 153 million tonnes, at a cut-off grade of 0.2% copper and with average grades of 0.32% copper and 0.27g/t gold, contains 493,200 tonnes of copper and 1.33 million ounces of gold within a constrained, optimised open pit. news about their upcoming drill program at Burra some distance north of PEX's Mallee Bull discovery and also their ground surrounding PEX's Malle Bull may ignite further interest if PEX's assays for their massive sulphide find come in high (greater than 3.5% Cu.). (Mcap: $12.2m)
[Nearology to PEX ]
Spotted by: John435 (No Position Held)

RTR -. Copper Gold Explorer, The Paulsens South JV with Venture Minerals Ltd (Rumble earning 70%) consists of three granted exploration licences and four exploration licence applications covering 116 km2 of the Achaean to Proterozoic-aged Wyloo Dome located 150 km northwest of Paraburdoo. ??The project area is located in close proximity to the Paulsens Gold Mine operated by Northern Star Resources Ltd (ASX: NST) which produced 80,000 ounces of gold in 2011 at an average grade of 7.9 g/t. ?RC drilling program of 15 holes for 1,750m planned in September 2012. Expecting further announcements as to a start of drilling at their Paulsen's South Project which lies southeast along the fault from NST's Paulsen mine. Directors buying recently. (Mcap: $7m)
[Announcements expected from drilling at Paulsens South]
Spotted by: John435 (Position Held)

SGQ -.Nickel. Significant new nickel target identified on recently acquired tenements at the East Laverton Property, Large ultramafic body (4,000 m x 1,500 m) has the potential to host nickel sulphide mineralisation Zone of secondary nickel enrichment near surface (incl. 24 m @ 0.54 % Ni) reflects high MgO (magnesium oxide) content of underlying fresh ultramafics announcements must be close for the nickel sulphide drilling program of their JV with BHP. Any decent assays and intervals would IMHO send this off on a similar trajectory to SIR given the limited number of shares on issue. There's been an obvious premium being paid for the long dated options SGQO ...perhaps more knowledgeable people than us HC folk see it as a good chance for strong returns. SGQ seems to be tightly held with not many for sale on the sell side (Mcap: $8.19m)
[Awaiting Nickel Assays]
Spotted by: John435 (Position Held)

VRE -.Coal in Southern Kyrgyzstan, View Resources is an Australian-based exploration company that was initially focused on the exploration, evaluation and exploitation of nickel deposits and other minerals located in Western Australia. View recently acquired a 90% interest in the Sary Mogol and Bel Alma coal licences located in Southern Kyrgyzstan. In addition to its existing assets, the Company continues to actively pursue new projects in the resources sector, not only in Australia and Kyrgyzstan, but elsewhere in the world, with the hope of subsequently developing mining operations on those projects. Has had a recent capital raising, big drilling program in progress and 4 more rigs starting to drill now. Expect regular drilling results as the first results last week were very positive. (Mcap: $20.6m)
[Expecting series of +ive drill results announcements]
Spotted by: Malmoe (No Position Held)

AKK (Short) -.Oil/Gas. Austin Exploration is an Oil and Gas Company with assets in Australia and the United States. Austin has strategically shifted its core focus towards non-conventional shale exploration in the United States. The Company has now established a major presence in two of America’s most prolific oil and gas basins. Austin controls more than 11,000 acres in Colorado in the Niobrara Shale and over 5,000 acres in Texas in the Eagle Ford Shale and the Austin Chalk. Austin has producing oil and gas wells in Texas, Mississippi and Kentucky. Austin also has a highly prospective Oil and Gas Licence, PEL 105, in the Cooper Basin of South Australia. Recent announcement said there will be no further updates for 100 days on current drilling program. After current run from .019 to 026 i expect this to retract again to its previous levels. (Mcap: $23.9m)
[Lack of announcements for 100 days may results in Loss of investor interest]
Spotted by: Malmoe (No Position Held)



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Weekly Technical Analysis Prospects


TAS -..Recently formed a pennant pattern and broke out today on solid volume to close at 16c. Stock has been in an uptrend since the beginning of August and is showing a lot of potential! Initial target for me is 19.5c which is also the one year high (Mcap: $31.6m)
Spotted by: Adrunis84 ( Position Held)

CGV -.(Oil/Gas in Guatemala). Trading broke out Friday 6th Sept on the chart on good volume. Very few sellers now at current prices (Mcap: $5.1m)
Spotted by: TimBuckley (Position Held)

MAT -.(Copper Nickel in SE WA). Bull flag on chart, decreased volume on downtrend and volume back up on Friday 6 Sept which could be a signal of an imminent move up for the sp. Next resistance at 35c, once it breaks 35 (Mcap: $36m)
Spotted by: Adrunis84 (Position Held)

TIS -.(Tissue therapies) Full retrace from 2010 high and full retrace from the recent break from the trend line. Big shakeout of stops on the last red candle and a quick bounce back to the lower support trend line. Short-term resistance targets are on the chart..(Mcap: $83m) Click Here for Chart
Spotted by: Pilsner (No Position Held)

WHE -. Huge fall from the dizzying 2007 SP of $3.40, Widening distribution now forming at the bottom after reaching equal all time low 4 mths ago. Short term resistance targets are on the chart (Mcap: $83m) Click Here for Chart
Spotted by: Pilsner (No Position Held)

PVD -.(Oil/Gas Offshore Morocco) Formation of an ascending triangle and has recently had a breakout from 38c resistance level.(Mcap: $32.8m)
Spotted by: Timbosivic (No Position Held)

EMS -.(Biotech) Recent formation of a cup and handle. Resistance breakout from 3.2c resistance level expected to continue.(Mcap: $17.2m)
Spotted by: Timbosivic (No Position Held)

TON - (Graphite in Tanzania) Strong spike to 12c recently on 12 month high volume. Stock has slowly retraced from this spike and the appearance of a candles stick hammer formation on Thur 5th Sept signalled possible final capitulation of the sellers. Support has now entered and expect next leg of rally Shortly. (Mcap: $9.6mm)
Spotted by: Freehold. (Position Held)

BRW - Gap up spike last week and spent two days in retracement before entry of support and a retest of the high on increased volume. Expect the high to be tested again early this week. Entry on a break to new high with volume..(Mcap: $10.5m)
Spotted by: Freehold (No Position Held)

BYL -.(Mining Services) Entered a downtrend recently and attempted to break out of that downtrend. Breakout failed an expect a continuation of the downtrend going forward. (Mcap: $36.8m)
Spotted by: Freehold (No Position Held)

MTH -.Longish Bull flag formation has shown support to enter again on at the end of last week. Entry on break above the leading edge of the flag with volume. (Mcap: $15.2m)
Spotted by: Freehold (No Position Held)

SEA -.Mini Rounded Bottom after a strong spike. On Friday support started to enter. Projecting this Round bottom out gives a target 1.10 to 1.15 initially. (Mcap: $199m)
Spotted by: Freehold (No Position Held)

RWD - Spike and nice flag shaped consolidation which is breaking out the top of the flag late last week. . Buy on break to new high with increased volume (Mcap: $61m)
Spotted by: Freehold (No Position Held)

TNV -.Gapped up about a week ago and has consolidated atop of that gap. Volume has steadily dropped away highlighting the unwillingness of sellers to seek a lower fill. Entry on break above the consolidation area with increased volume. .(Mcap: $7.8m)
Spotted by: Freehold (No Position Held)

SUR -.Been riding along a nice trend line for the last couple of months Bounces off SMA
Some high volume up days Low volume down days Looks great on daily/weekly/Monthly charts
Parabolic should turn under around 7.7 and MACD turn up shortly Looking to break year high of 8.2c soon on anticipation of news expecting pick up volume with momentum
9c next target. (Mcap: $106m)
Spotted by: Moiramc (No Position Held)

RID -.AU in Ghana, Spike and retrace on large increased and consistent volume. Enter on further show of support with similar or greater volume. Expect there may be many subsequent spikes and retraces with this stock. (Mcap: $3m)
Spotted by: Freehold (No Position Held)

LOM -.Has consolidated over the last 2 weeks after a stellar run on discovery of a large diamond. The Stock remains have in the retrace zone and the volume is reducing with indicates to me that the sellers are running out of steam... Entry on break above 1.6c with increased volume.. (Mcap: $35m)
Spotted by: Freehold (Position Held)


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Links to Previous Weeks Lists

No.31: Short Term FA & TA Leads (3rd -7th Sep) - Click HERE

No.30: Short Term FA & TA Leads (27th - 31st Aug) - Click HERE

No.29: Short Term FA & TA Leads (20 - 24th Aug) - Click HERE

No.28: Short Term FA & TA Leads (13th - 17th Aug) - Click HERE