Gladstone Pac Share Discussion Threads

[r3covery] 15/10/2009 13:42

15k was avilable now 10K left at 32.75p.

[r3covery] 15/10/2009 13:40

20K buy in at 33p.

[still waiting] 15/10/2009 13:36

MMS the next commodity play to rerate, it's news is imminent as well.

[r3covery] 15/10/2009 13:32

"The Project has the potential to be one of the largest of its type in
the world. "

with little additional cost.

[r3covery] 15/10/2009 13:31

The development of the MHLP would establish the Company as a nickel producer. The Directors believe that the Project has the potential to provide up to 24,600 tonnes/annum of contained nickel and 1,700 tonnes/annum of contained cobalt in intermediate product. Initially the product is expected to be sold to nickel refiners for further processing.

[ceckyspunt] 15/10/2009 13:31

i did it online thru TDW

should have used protrader...

[ceckyspunt] 15/10/2009 13:30

... and to make things worse, i did it twice!

lets just hope this rises a bit from here and is not stifled by the mm!

[r3covery] 15/10/2009 13:29

EDIT 3.75k available. cecky did you route to dealer?

[r3covery] 15/10/2009 13:27

could buy 10k a minute ago i think even that has been taken up. can't buy anything.

[spectoacc] 15/10/2009 13:24

Great news from GPN, though sold all my holding on the rise. Will buy back in when it drifts back again on no news.

This is the biggest hidden gem on AIM IMO, look at the longer chart compared to every other smallcap miner. (Eg TMC, another Nickel play). But I can't deny they're probably still a number of years away from the sort of newsflow that'll take them back into the £'s.

Good luck holders - I'll be back..

[r3covery] 15/10/2009 13:22

ceckyspunt its too illquid to route to dealer. you've got your price at 35p.

[ceckyspunt] 15/10/2009 13:20

ffs... it sais 15/18 when i pressed "buy"... its now 26/30!

still no idea what price im paying... i can see me getting burnt today!

[olly2] 15/10/2009 13:20

paid .29 5mins ago

[r3covery] 15/10/2009 13:17

they won't give you anything. 68% and climbing.

[ceckyspunt] 15/10/2009 13:16

i bet TDW manage to charge me top price for the day!

[wazza208] 15/10/2009 13:14

Problem is at best mining won't commence properly for at least 5 years and thats if they can get the $4 billion funding needed, hence low share price

It will be a great company though and worth purchasing now easily x50 any investment made imo

[ceckyspunt] 15/10/2009 13:14

i just bought 12500, but i dunno the price yet... i hate it when that happens!

[r3covery] 15/10/2009 13:13

and its only capped at 11mill.gl.

[r3covery] 15/10/2009 13:12

The heap leach
project at Marlborough has valuable synergies with the Gladstone Nickel Project
in that much of the infrastructure for the heap leach project could be utilised
by the Gladstone Nickel Project at very little additional capital cost".

"The Project has the potential to be one of the largest of its type in
the world. "

[r3covery] 15/10/2009 13:06

difficult buying a few moving up strongly.

"The Project has the potential to be one of the largest of its type in
the world. "

i like that part.

[r3covery] 15/10/2009 12:58

Gladstone Pacific Nickel Limited is a publicly-listed, Australian mining
development company, whose main aim is to establish a US$3.65 billion long-life,
nickel and cobalt refinery at the Gladstone State Development Area in Central
Queensland, Australia.

just acquired a few.

[safman] 15/10/2009 12:51

TIDMGPN

RNS Number : 8448A
Gladstone Pacific Nickel Limited
15 October 2009

?
15th October 2009


GLADSTONE PACIFIC NICKEL LTD
ACN: 104 261 887
("GPNL" or "the Company")


GPNL Signs MOU for a Feasibility Study on the Development of a Heap Leach
Project at Marlborough
Gladstone Pacific Nickel Ltd announces the Company has today executed a
Memorandum of Understanding ("MOU") for the development of a heap leach project
at Marlborough ("MHLP" or the "Project") with China Tianchen Engineering Corp
("TCC"). The MOU is subject to a number of conditions including the
satisfactory conclusion of a feasibility study, entering into an engineering
procurement and construction contract with TCC, the identification of an equity
partner and an offtake partner for the Project.
The Marlborough ore resource, which is 100% owned by GPNL, has a JORC compliant
resource of 71 million tonnes of laterite nickel ore at 0.91% nickel and 0.06%
cobalt. The resource is based on only five of the thirteen deposits on the
Marlborough tenements. The Company believes that there is sufficient ore
resource at Marlborough for it to supply 100% of the feed for a standalone heap
leach operation in addition to providing partial feed to the Company's proposed
high pressure acid leach plant at Gladstone.
The development of the MHLP would establish the Company as a nickel producer.
The Directors believe that the Project has the potential to provide up to 24,600
tonnes/annum of contained nickel and 1,700 tonnes/annum of contained cobalt in
intermediate product. Initially the product is expected to be sold to nickel
refiners for further processing.
The Company has undertaken four column tests (150mm wide and 4 m high) on the
Marlborough ore. These tests indicate high extraction of between 75-88% Ni over
a relatively short period of 165 days with sulphuric acid consumption of 300-550
kg/tonne of ore, which compares favorably to other proposed heap leach projects.
Testing has shown extractions of up to 80% within 126 days with sulphuric acid
consumption of 261 kg/tonne from areas which are likely to be mined early in the
Project.
TCC, formerly known as China Tianchen Chemical Engineering Corporation, was
established in 1953 and is an engineering services company based in Tianjin,
China. TCC is well placed to provide support for the project due to their
involvement as the engineering, procurement and construction contractor for
European Nickel PLC's project in Çaldag, Turkey which is expected to be the
world's first commercial scale nickel laterite heap leach operation.
Mr Henderson, the Company's Chairman, said "We are very pleased to be working
with a company like TCC which is at the forefront of nickel heap leach
engineering. TCC has a worldwide reputation for supply of chemical plants with
particular expertise in building large scale acid plants as required for heap
leach operations."
Mr Henderson further added "The Company remains committed to the Gladstone
Nickel Project, but delays to the project due to the global financial crisis
have required the Company to pursue other value adding options. The heap leach
project at Marlborough has valuable synergies with the Gladstone Nickel Project
in that much of the infrastructure for the heap leach project could be utilised
by the Gladstone Nickel Project at very little additional capital cost".
Highlights of the MOU
* TCC has confirmed it is prepared to provide a commercial offer for the turn key
construction of the MHLP and will send its technical team to Australia to
undertake an infrastructure and site review with the view to agreeing the scope
of the Feasibility Study.
* TCC will be commissioned by GPNL to undertake the Engineering Study ("ES") to a
standard acceptable to Chinese banks and investors.
* TCC and GPNL will set up a special team to finalise the commercial terms of the
turn-key Engineering Procurement and Construction ("EPC") Agreement. The EPC
offered by TCC shall be commercially competitive and provide guarantees for the
construction price and process for the MHLP.
* TCC will assist with a targeted debt financing of 70% of the Project which is
expected to be provided through Chinese banks.
* TCC will work with GPNL to secure funding or to identify potential strategic
Chinese partners for the remaining equity funding required for the MHLP, and to
arrange an off take agreement for the sale of MHLP nickel intermediate to China.



ENDS

Enquiries:
James Henderson, Chairman - Gladstone Pacific Nickel Ltd Tel: [phone]
8455
Gerry Beaney/Robert Beenstock - Grant Thornton Corporate FinanceTel: +44
207 383 5100
John Prior - Arbuthnot SecuritiesTel: [phone]


Web: www.gladstonepacific.com.au
Email: [e-mail]
Background
Gladstone Pacific Nickel Ltd
Gladstone Pacific Nickel Limited is a publicly-listed, Australian mining
development company, whose main aim is to establish a US$3.65 billion long-life,
nickel and cobalt refinery at the Gladstone State Development Area in Central
Queensland, Australia.
GPNL is planning to build the refinery at the deepwater Port of Gladstone,
treating high-grade nickel laterite ores from New Caledonia and other south-west
Pacific Islands, underpinned by beneficiated ores from its own Marlborough
deposits. The Project has the potential to be one of the largest of its type in
the world.
In addition, the Company is seeking to develop a heap leach project at its 100%
owned Marlborough deposits in Queensland, Australia.
Gladstone Pacific Nickel Ltd is listed on AIM in London, code: GPN.
China Tianchen Engineering Corp


China Tianchen Engineering Corp ("TCC") is a leading Chinese multidisciplinary
company, engaged in Engineering, Procurement and Construction activities. TCC
undertakes project planning, feasibility study, engineering design, equipment &
materials procurement, construction management and project supervision in the
fields of petrochemical, fine chemical, organic & inorganic chemical, coal
chemical, pharmaceutical and light & textile industries.


TCC has been continuously listed as one of the top 225 Global International
Contractors in American "Engineering News Records" (ENR).
TCC is currently undertaking 22 projects outside of China and clients include
Exxon Mobil, Sinopec, Shell, Dow, DuPont, GE, Procter & Gamble, Mitsubishi Heavy
Industries and many others.


This news release includes certain statements that may be deemed
"forward-looking statements". All statements in this news release, other than
statements of historical facts, that address future exploration drilling,
exploration activities and events or developments that the Company expects, are
forward looking statements. Although the Company believes the expectations
expressed in such forward-looking statements are based on reasonable
assumptions, such statements are not guarantees of future performance and actual
results or developments may differ materially from those in forward-looking
statements. Factors that could cause actual results to differ materially from
those in forward-looking statements include metal prices, exploration success,
continued availability of capital and financing, and general economic, market or
business conditions.



This information is provided by RNS
The company news service from the London Stock Exchange
END

MSCUVOARKBRRAAA

[kajshares] 25/8/2009 11:50

Does anyone know the current state of play on this one?

[adieadie] 21/8/2009 21:56

anything going on here?