Gladstone Pac Share Discussion Threads

[aerotus] 11/12/2007 11:56

What are you on about? I seriously don't have a clue lol.

[jules64] 11/12/2007 11:55

Barry, stop it.....you know more about this than you let on!!!!

[aerotus] 11/12/2007 11:54

I'm a newbie to this, can someone kindly explain what is going on here in a nutshell?

[terrytibbz] 11/12/2007 11:48

my bet is this gets flipped to the chinese or they buy into with a stake.

cheers to the directors. despite their secretiveness, this is still my second biggest position.

[smiler 0] 11/12/2007 11:00

Gladstone Pacific Nickel Limited
11 December 2007



GLADSTONE PACIFIC NICKEL LIMITED ('the Company')
(ACN 104 261 887)

DIRECTORS DEALINGS


The Directors advise that the Company has allotted 250,000 and 150,000 Ordinary
Shares in the Company following the exercise of Director Options by Belgrave
Square Pty Ltd (associated company of resigning Director, Mr P J Matheson) and
Mustang Asset Pty Ltd (associated company of resigning Director and Chairman Mr
R. A. Pearce) respectively, at A$2.86 per share in accordance with the terms and
conditions under which the options where issued. The Company received
$1,144,000. Application will be made for 400,000 ordinary shares to be admitted
to trading on AIM and dealings are expected to commence on 17th December 2007.

As a result of this allotment the company has 39,890,646 shares on issue.

Dalenier Enterprises Pty Ltd (associated entity of resigning Director Mr A. E.
Daley) sold 225,000 Ordinary Shares in the Company to Robash Pty Ltd (associated
entity of resigning Director Mr R. A. Pearce) for £371,250.

Cortar Pty Ltd (associated company of resigning Director, Mr P. J. Matheson),
Mustang Asset Pty Ltd and Robash Pty Ltd (associated companies of resigning
Director, Mr. R. A. Pearce) and Mrs J. Watson (spouse of resigning Director, Mr
P. J. Watson) have sold or agreed to sell 2,800,000, 2,150,000, 875,000 and
75,000 Ordinary Shares in the Company respectively to Mr Clive Palmer (newly
appointed Director) at approximately AU$3.88 per share for consideration of
AU$10,875,706.21, AU$8,350,988.70, AU$3,398,658.19 and AU$291,313.56
respectively.

Cortar Pty Ltd (an associated company of resigning Director, Mr P. J. Matheson)
and Robash Pty Ltd (associated company of resigning Director, Mr. R. A. Pearce)
have each agreed to sell 1,250,000 Ordinary Shares in the Company to Transocean
Group holdings Pty Ltd (associated company of Director, Mr. J. G. Henderson) or
its nominee at $3.88 per share for a consideration of AU$4,850,000 each.

Upon conclusion of these transactions the interests of the directors and
resigning directors held outright and in their associated entities are as
follows:

Director Total holding % of issued share capital
Mr R. A Pearce 315,000 0.79%
Mr P.J. Matheson 215,000 0.54%
Mr J.G. Henderson 2,500,000 6.26%
Mr A. E. Daley 1,025,000 2.57%
Mr C. Palmer 5,900,000 14.79%

[smiler 0] 11/12/2007 10:59

Gladstone Pacific Nickel Limited
11 December 2007



GLADSTONE PACIFIC NICKEL LIMITED
(ACN 104 261 887)

BOARD RESTRUCTURE TO MAKE WAY FOR PROJECT CONSTRUCTION

Highlights

•Board restructured through the appointment of four new directors and the
resignation of four directors.

•Mining Entrepreneur Professor Clive Palmer acquires 14.8% of the Company.

•Founding Directors sell substantial holdings to Professor Clive Palmer
and to Transocean Securities Pty Ltd or its nominees.

•Shareholding purchased at approximately £1.65 per Ordinary Share
(approximately 45% above the current market price).

Gladstone Pacific Nickel Limited ('GPN' or 'the Company') is pleased to announce
the restructure of its Board for the next stage of the company's development
with the appointment of four new non executive directors and the resignation of
four founding directors. This restructure follows the acquisition by Professor
Clive Palmer of a 14.8% shareholding in the Company and the acquisition of a
6.1% shareholding in the Company by Transocean Securities Pty Ltd ('Transocean')
or its nominees.

Professor Palmer and Transocean paid £1.65 per Ordinary share, which is
approximately 45% above the Company's closing share price on Friday 7 December
2007. Professor Palmer stated, 'I believe the share price of the company does
not reflect the true value of the Company's Project and the potential profits
which can be made from its development'.

Board restructure

The non-executive Chairman Robert Pearce and directors Peter Matheson, Andrew
Daley and Peter Watson have resigned from the Board.

Professor Clive Palmer, Mr Domenic Martino, Mr Benjamin Hill, and Mr Geoffrey
Smith have been appointed in a non-executive capacity to join current Directors
James Henderson and Managing Director, John Downie, on the GPN Board.

Professor Clive Palmer, aged 53, has also been appointed non-executive Chairman
of the Board. He is recognised as one of Australia's' wealthiest citizens. The
Australian publication Business Review Weekly ('BRW') ranked Professor Palmer as
32nd in its Rich 200 list in 2007 with a personal wealth of over A$1 billion. He
was the fastest new entrant to the BRW Rich 200 for 2007.

Professor Palmer, has over 25 years experience in the Australian resource
industry, and is Chairman of Mineralogy Pty Ltd. ('Mineralogy'), a private
Australian Company that has successfully concluded major transactions with a
number of companies including the Chinese Government owned CITIC Pacific Limited
(HK Listed), Australasian Resources Limited (ASX Listed) and a Memorandum of
Understanding with Fortescue Metals Limited (ASX Listed). Mineralogy holds one
of the world's major iron ore deposits in the Pilbara region of Western
Australia.

CITIC Pacific Limited has commenced the development of a A$4 billion project,
funded by Chinese Government owned Banks, to export 24 million tonnes of iron
ore annually from Western Australia.

The Board believes Professor Palmer's success with major projects will
facilitate the fast track development of the Company's major project.

Domenic Martino, aged 51, is the Chairman of Australasian Resources Limited
('ARH'), an ASX listed Australian resource company. Under Mr Martino's
Chairmanship the market capitalisation of ARH has increased from approximately
A$30 million to over A$1 billion today. Mr Martino brings his successful record
at ARH to the Board of the Company. He is active in the Australian resource
industry and is or has been a Director of a number of Australian public
companies. Mr Martino was Chief Executive Officer of Deloittes Touche Tohmatsu
Australia for two years and was a partner with Deloitte Touche Tohmatsu and its
predecessor firms from 1981 to 2003. He has a wealth of experience in mergers
and acquisitions, initial public offerings and identifying and developing
strategic opportunities.

Benjamin Hill, aged 32, is a qualified Lawyer having graduated in Law with
Honours in 1997. He has been employed by RAB Capital Plc since its IPO in 2004
and works with Philip Richards on the RAB Special Situations (Master) Fund
Limited, an absolute return fund that has approximately US$2.2 Billion under
management. The Special Situations Fund is GPN's largest Shareholder, holding
approximately 41% of the Company.

Geoffrey Stephan Smith, aged 52, has 28 years experience as a lawyer and a
senior partner in the prominent Queensland legal firm, Bell Legal Group. Mr
Smith has extensive experience in commercial litigation, intellectual property
and corporate work throughout his long career and has been a registered
arbitrator for over ten years. He is also on the board of a number of community
organisations in Gold Coast City including the Gold Coast Titans Community
Foundation. Mr Smith retired as a principal of his legal practice to take up his
appointment as Managing Director Legal in Mineralogy Pty Ltd.

Mr Martino stated:

'Gladstone Pacific Nickel Ltd has the potential to become a significant Nickel
Producer. The Gladstone Nickel Project has made significant progress on the
necessary approvals and has a secure nickel ore supply to ensure it can become a
world class producer. I believe with the addition of Clive Palmer and his
personal commitment to GPN, the Company is now poised to make the Project a
reality.'

Transocean Securities Pty Ltd ('Transocean') acted as the Corporate Advisors to
Gladstone and introduced Mr Palmer to the company.Transocean an Australian based
investment banking group is a company associated with Mr J. G. Henderson a Non
Executive Director of Gladstone..

[smiler 0] 10/12/2007 15:19

Big drop from 200, but 109/110 does look like a good buy in price? still good potenital !!

[terrytibbz] 31/10/2007 23:37

i hav ebought bits of this since may, averaged about 150 so far. pretty annoying it has kept drifting lower but not that uncommon for some of the aussie explorers i have looked at.

i have contacted them 4 times to try and get a copy of the feasibility report to look at the hpal discussion, but ive been ignored so far!

[deejay007] 23/8/2007 11:27

Does anyone know if the IDFS is still expected Sept this year ? - Company doesn't seem so good on their public relations
TIA

[deejay007] 06/7/2007 10:03

thnks for your opinion 2k
...agree that story here is compelling...have bought a few
DJ

[2kpromoe] 05/7/2007 21:29

Not that i know of as yet however the majors will enter talks once the 'dirty work is completed', i see the company is still largely under the radar of many, apart from Rab & Co. come back in 2yrs when the mine is in the construction phase, the potential here is enormous and more importantly it has the urgent backing of the government.

[deejay007] 29/6/2007 19:25

..i am considering investing here, i see the DFS is expected later this year. Does anyone know if GPN has started talks with majors to sell the project on/joint venture ?

[smiler 0] 21/5/2007 20:14

Nickel May Rise 20% on Smelter Shortage, Credit Suisse Says

By Madelene Pearson

May 21 (Bloomberg) -- The price for nickel, used to make stainless steel, may rise 20 percent as a shortage of smelters to process ore into metal constrains supply, Credit Suisse Group said in a report.

Nickel may reach $65,000 a metric ton in the ``near term,'' Credit Suisse London-based analysts led by Jeremy Gray and Eily Ong said in a report dated May 16. Smelting output may grow at 4.6 percent this year compared with demand growth as high as 5 percent should stainless steelmakers rebuild inventories and global economic growth increase, the report said.

Nickel for immediate delivery rose to a record $54,050 a metric ton in London on May 15 as China's economic growth fueled demand for the metal. Cost overruns and delays at BHP Billiton Ltd.'s Ravensthorpe and Cia. Vale do Rio Doce's Goro projects, the two largest nickel mines under construction, exacerbated supply shortfalls, helping drive price increases.

``Prices will remain strong over the next two years given the lack of supply growth until 2009 at the earliest,'' Gray and Ong wrote in the report. ``The current profile of new smelters is unlikely to be enough to feed ongoing strong demand from the stainless steel industry in the next two years.''

Nickel for immediate delivery rose $1,800, or 3.5 percent, to $54,025 a ton on May 18. Prices have jumped 155 percent in the past year as inventories plunged 78 percent to an amount equal to less than two days of global consumption.

Only three of 11 nickel mine and smelter projects under way, including Ravensthorpe and Goro, will start production before 2010, the analysts said.

Risk of Delay

``Any delay in the 2008 startup of Ravensthorpe and the 2009 startup of Goro will clearly make our global smelter growth forecasts of 4.6 percent in 2007 and 5.3 percent growth in 2008 look too aggressive and would help underpin the current strength in nickel prices,'' the report said.

The forecast by Credit Suisse compares to the $55,000 a ton estimate of Standard Bank analyst Michael Skinner made April 26.

Prices are expected to stay ``strong'' over the next two years given the lack of smelter supply growth until 2009, the report said. They may also gain should an anticipated increase in production of lower grade ferro nickel from China be overestimated, the analysts wrote.

``The strength in today's nickel price is a good lead indicator to suggest that the ramp up of Chinese production is clearly taking longer than expected to make an impact,'' they said. ``Our suspicion is that the ramp up of Chinese production will not make a significant dent in global supply until 2009 at the earliest.''

The bank is assuming demand growth of 3 percent this year, rising to 5 percent should stainless steelmakers build inventories in the third quarter. A ``pronounced'' cutback to stainless steel production may damp demand for nickel and threaten prices, Credit Suisse wrote.

[smiler 0] 15/5/2007 18:52

Nickel leaders slug it out

May 16, 2007 12:00am


THE battle for Australia's third-largest nickel miner LionOre is into the third set, with Xstrata lobbing a higher bid over the net after earlier being trumped by Norilsk Nickel.

After a trading halt yesterday, the LionOre board said it would support an increased offer of $C25 ($A27.17) a share from Xstrata, valuing the Canadian miner at $C6.4 billion.

The offer beats Norilsk Nickel's $C21.50 a share bid two weeks ago and is about 35 per cent higher than Xstrata's original $C18.50 a share bid.

It was tabled as LionOre revealed a massive jump in first-quarter earnings, spurred by the soaring price of nickel.

LionOre earned $US148.3 million ($A178.4 million) in the three months to March 31, compared with $US13.2 million the previous year.

The average nickel price realised by the company was $US18.80 a pound compared with $US6.72 a pound a year earlier.

LionOre owns the Emily Ann, Maggie Hays and Black Swan nickel mines in Western Australia and is developing the Waterloo nickel project there.

It also owns the Thunderbox gold mine and 80 per cent of the Honeymoon Well deposit, one of the world's largest undeveloped nickel deposits with an indicated resource of one million tonnes.

LionOre expects to produce about 44,000 tonnes of nickel this year and 80,000 tonnes by 2012.

Xstrata leapfrogged its rivals to become the world's fourth-largest nickel producer after its $US17 billion acquisition of Toronto-based Falconbridge last year, and would maintain that position if it was successful in its bid for LionOre.

Norilsk is the world's largest producer of the metal.

Charles Cooper, a London-based analyst for NCB Group, said he wouldn't be surprised to see Norilsk come back for another go.

"We expect nickel prices to remain high and the payback can be very quick," he said.

Victor Borodin, a spokesman for Norilsk in Moscow, declined to comment.

Xstrata has approval from the Australian Competition and Consumer Commission and the Foreign Investment Review Board to proceed with the takeover.

LionOre shares have risen 24 per cent on the Toronto Stock Exchange since Xstrata's original offer. They last traded at $C23.70.

The company has a secondary listing on the ASX where the stock traded at $21.10 before yesterday's trading halt. with BLOOMBERG

[smiler 0] 07/5/2007 16:28

Of interest

Triple your money as nickel sends Minara Resources shares soaring
Vanessa Burrow
May 4, 2007

Back in Australia, nickel miner Minara Resources was the second-best performer among the top 200 stocks, rising 6.4 per cent, or 49¢, to $8.07.

In the past year Minara's value has more than tripled, outpacing all other companies in the S&P/ASX 200 as the price of nickel has soared to almost $US50,000 a tonne.

"The powerful profitability of the nickel stocks is attracting more and more serious money into them," said Far East Capital senior mining analyst Warwick Grigor.

[smiler 0] 07/5/2007 16:25

1. Mine to use sea water to reduce environmental impact. 17 April 2007. Central Queensland News
Summary: ... 13: 44 AEST Mine to use sea water to reduce environmental impact The developer of a proposed nickel refinery in central Queensland says it has taken steps to reduce the environmental impact ... of the project. In its environmental impact statement, Gladstone Pacific Nickel Limited says it plans to build one of the world's largest refineries at Gladstone, using some nickel mined from Marlborough ... - 22k - [ html ] - Cached - 17 Apr 2007 Gladstone Pacific says environmental study positive on Queensland nickel project
LONDON (Thomson Financial) - Gladstone Pacific Nickel Ltd said an environmental impact study of its Queensland-based nickel project indicated no significant issues that would prevent construction going forward.

[daviddunne82] 27/3/2007 13:17

Gotta love a squeezy stock!!!

[cagr] 27/3/2007 12:41

Oh happy days :-) and still it remains under the radar!

[daviddunne82] 20/3/2007 18:06

Very puff news - would have been nicer to hear them underwriting it

Getting a listing on TSX is a good idea as well and there is arguably more money for early stage resource companies on the TSX than on AIM

[cagr] 20/3/2007 17:06

Financing in place:

Gladstone Pacific Nickel Limited
20 March 2007





Gladstone Pacific Nickel Limited (ACN 104 261 887) announces up to US$40 million
equity financing

Brisbane, Australia - (March 20, 2007) - Gladstone Pacific Nickel Ltd (AIM: GPN)
('Gladstone' or the 'Company') is pleased to announce that it has entered into
an agreement with a syndicate led by Research Capital Corporation and including
BMO Capital Markets Corp. and Transocean Securities Pty Ltd. (together the
'Agents') to raise up to US$40 million through the sale of Special Warrants. The
offering price for the Special Warrants will be determined by the Agents and
Gladstone in the context of the market.

Gladstone will use its commercial best-effort to list its ordinary shares (the
'Ordinary Shares') on the Toronto Stock Exchange (TSX) or the TSX Venture
Exchange and obtain a receipt of a prospectus qualifying the distribution of the
Ordinary Shares within 180 days following the closing of the transaction, upon
which, each Special Warrant will automatically be exchangeable into one Ordinary
Share of Gladstone at no additional cost.

The net proceeds from the Offering will be used to fund the Definitive
Feasibility Study (which is expected to be completed by the end of the 3rd
quarter 2007), fund additional offshore ore purchase agreements & development,
allow Front End Engineering Design to proceed, place deposits on land purchases
and long lead items and general working capital requirements.

At closing, the Agents will be paid an aggregate fee equal to 7% of the
aggregate gross proceeds from the financing. As additional consideration, at the
closing of the financing, the Agents will be issued such number of warrants (the
'Broker Special Warrants') to acquire 7% of the aggregate number of Special
Warrants sold pursuant to the financing for a period of 24 months following
closing, at the offering price.

[cagr] 27/2/2007 14:10

thanks Aim, much appreciated.

[cagr] 24/2/2007 22:46

David, the 'Rab blessing' could be a good or bad thing in all honesty. They seem to have a toe hold in literally every commodity related AIM listed stock on the market. Ive seen their positions rise 10-fold and then back down to earth again and i think their aggressive ability to attain discounted positions in cash strapped micro caps could act as a major obstacle for a company to attract other institutional investors. I dont believe the Rab name on ones shareholder list holds up too well amongst the rest of the City institutions. Time will tell though!