|Mut Fed Ins Nm
||MUT AND FED INSURE NM
||EPS - Basic
||Market Cap (m)
Real-Time news about Mut Fed Ins Nm (London Stock Exchange): 0 recent articles
|smart move: AIM listed Cambridge Mineral Resources / CMR
Webcast of CMR AGM - very bullish update
- In-situ resources $16.26billion. Market Cap £10M.
- Will be producing over 100,000 oz of gold over the medium term
- Due a huge re-rating
- Independent research note says CMR undervalued by 550% - share price should be over 25p based on Colombian gold alone.
- Application for further uranium licenses in Bulgaria ongoing - potentially up to 10 million lbs of uranium.|
|holdontightuk: Pacific North West Capital Goes Back To Its Roots
May 16, 2007
By Minesite Canadian Correspondent
Harry Barr and his team at Canadian listed Pacific North West Capital are making an aggressive push to add value beyond its 50 per cent stake in a plus 1 million ounce palladium resource at the River Valley project and investors are starting to take notice.
Never one to shy away from an emerging area play, Harry's latest move has Pacific North West picking up a number of new nickel projects in and around the Winter Lake area of Canada's Northwest Territories. This is the region that sparked a lot of investor interest last month when fellow junior GGL Diamonds reported that it had found nickel, while exploring for diamonds. Yes, reminiscent of the gigantic Voiseys' Bay nickel find by Diamond Fields in the 1990s. The news caused GGL stock to soar from C$0.13 per share to an intraday high of C$1.50. Of course, common sense has since prevailed and GGL shares now fetch around C$0.53. That said, the very early staged discovery of nickel mineralization grading only 0.4% lies within an extensive belt of rocks previously identified by a mapping project funded by the Geological Survey of Canada and reported as having the potential for hosting magmatic nickel mineralization.
The belt, named the Winter Lake Supracrustal Belt, includes large volumes of mafic and ultramafic rocks, dated as being 2.7 billion years old and including tholeiitic basalts, komatiites, serpentinized peridotite, and gabbro intrusions. In other words, the same age and same types as many of the world's sulphide nickel resources including Thompson Nickel Belt of Manitoba, the Raglan belt in northernmost Quebec, the Kambalda deposit in Western Australia, and Hunter's Road in Zimbabwe.
"GGL's technical team should be credited with identifying what may be one of the first new nickel areas since the discovery of Voisey's Bay," says Harry. "Management is excited about being involved in the beginning of what appears to be one of the first new base metal staking rushes in recent times in the North West Territories."
Pacific North West is now just finalizing its budget for the project, which is expected to include airborne and ground geophysical surveys aimed at defining potential target areas for nickel mineralization. Just as importantly for shareholders, Pacific North West is positioned should the area really heat up this summer.
A much shorter match stick to potentially light a fire under Pacific North West's share price is a 2,000 metre drill program now underway on the West Timmins nickel project. The company's partner on the project, Xstrata Nickel recently completed deep drill testing it's adjoining Montcalm mine property, which hosts an estimated 4.2 million tonnes grading 1.45% nickel and 0.69% copper are in the measured category and are expected to support a mine life of approximately 8.5 years. The drill program with test geophysical conductors to depths of 200 metres south of the Montcalm Mine claims. Pacific North West can earn 100 per cent of the project by spending C$4 million over a 4 year period but Xstrata retains a 2% net smelter royalty and also has the right to earn back a 65 per cent stake, by either completing a feasibility study or spending $20 million on a feasibility study, whichever occurs first. So if lightening strikes, the major is covered.
News is also starting to flow from Pacific North West's platinum reconnaissance program in Quebec. Last year, Pacific North West teamed up with SOQUEM, a subsidiary of Société Générale de Financement du Québec, to identify and explore for platinum properties in the province. Work on the Taureau Project identify PGM mineralization in mafic intrusive bodies with two samples returning assays averaging 1.17grams palladium per tonne, 0.14 gram platinum per tonne, 0.29gram gold per tonne, 1.62% copper and 0.35% nickel. Clearly early days but a nice start. According to Harry; "Our partnership with SOQUEM is advancing on schedule. Grassroots exploration conducted in 2006 should provide us with drill ready targets over the next few months. The technical expertise of our partner SOQUEM is unmatched."
While this new exploration activity has prompting renewed interest from investors, Pacific North West Capital in partnership with Anglo Platinum is not about to back away from their flagship River Valley project in Ontario. Little wonder given that Anglo has already committed over C$19 million and can take its interest up to 60 per cent by providing a feasibility study and earn an additional 5 per cent by providing production financing.
It is not that River Valley has failed to deliver results over the years; it is just that investors have grown impatient. Last year's Phase 9A program cut a new style of PGM mineralization, the type comparable to the Bushveld Complex of Southern Africa. This kept Anglo in the hunt and also attracted the interest of Stillwater Mining, the largest primary producer of platinum group metals outside South Africa and Russia. Stillwater invested C$2 million in Pacific North West. But after nearly a decade of exploration results out of River Valley without news of mine development, shareholders just yawned at the recent developments. Still with a current measured and indicated resources marking 953,900 ounces of palladium, 329,500 ounces of platinum and 59,500 ounces of gold, one good drill hole could well put the play back on the map of investors.
For its part, Stillwater has gone on to ink a deal on Pacific North West's Goodnews Bay platinum project in Alaska and the producer will also fund reconnaissance on Pacific North West's other Alaskan projects. To earn an initial 50 per cent, Stillwater must fund US$4 million in exploration.
All this action is reminiscent of Pacific North West's early days when the company used top notch technical expertise to uncover hidden gems and then farm them up to bigger companies with deeper pockets. After all that is how River Valley started and the initial results made Pacific North West a market darling, albeit only for a short period of time. Some investors are already taking notice of the similarities as shares in the company have hit 52-week highs of C$0.52, up from C$0.27 at the start of the year. Pacific North West says that it committed to acquire new PGM and base metal projects, as well as working up the current ones. The promise of diversified news flow makes Pacific North West a company well worth watching in the second half of 2007.|
|sicilian_kan: I'm convinced by Tippingpoint's tip of GGP - Greatland Gold, which is already JORC compliant. It is screaming a 'buy' and is a certain 2 bagger, a probable 3 bagger and a possible 10 bagger.
To explain why, look at the company's own presentation at:
I extract from Page 19 the following:
"July 2006 Resources of 90,000 oz
Extract only 50,000 oz and process at nearby mine
Toll Mine and Treat Ore no cost to Greatland
Current Gold Price approx US$600 per ounce
Cost to Toll Mine and Treat Ore US$400 per ounce
Greatland Receives US$200 per ounce
50,000 oz x US$200 per ounce = US$10,000,000 (£5,000,000)
Cash at hand - £1,000,000
£6,000,000 assets with 106,550,000 Shares on Issue
Net Asset Value equal to share price of 5.5p
Current share price of 1.75p is undervalued!"
And this is BEFORE they conduct exploration, during which they hope to up the resource to 1,000,000 oz, i.e. an 11-fold increase. Plus they have two other sites. Shareprice now 2.00p-2.35p|
|boilerboy: I think a 10 bagger for 2007 could be BGT. The following rns was released a couple of days ago. The aim is for the game to be released into the run up to next christmas.
Bright Things (BGT.L) notes the recent rise in its share price and is pleased to
announce that it has signed a worldwide licensing agreement with a major video
game company for the right to develop, reproduce and distribute an Interactive
DVD game based on a major sports franchise.
|silent_angel: Top Ten Contenders to 10 bag (1000%) in 12 months? (taken from above)
Ticker - price now to ten bag - reason.
BKE - .37 to 3.7? - Share price doubled in 1 month and still only .37
NCS - 1.65 to 16.5? - The management team had MultiBagger with previous company
NXS - 1.5 to 15.0? - No reason given.
YOO - 1.975 to 19.75? - If it sorts out finances, booming market for digital tv
TRP - 2.125 to 21.25? - Exploration in Nambia due an update.
SOU - 5.5 to 55.0? - Oil Company, share price is moving up.
PLW - 3.875 to 38.75? - Web page visit building momentum.
RIFT- 4.375 to 43.75? - If they find transport for their oil find.
IIR - 17.75 to 177.5? - Undervalued plus possible google litigation.
ELP - 14.75 to 147.5? - If Guinnea prospect delivers to expectation.
Please keep your suggestions coming! And help refine this list!|
|silent_angel: Top Ten Contenders to 10 bag (1000 %) in 12 months? (taken from above)
Ticker - price now to ten bag - reason.
BKE - .37 to 37? - Share price doubled in 1 month and still only .37
NCS - 1.65 to 165? - The management team had Multi Bagger with previous company
NXS - 1.5 to 150? - No reason given.
YOO - 1.975 to 197.5? - If it sorts out finances, booming market for digital tv
TRP - 2.125 to 212.5? - Exploration in Nambia due an update.
SOU - 5.5 to 550? - Oil Company, share price is moving up.
PLW - 3.875 to 387.5? - Web page visit building momentum.
RIFT- 4.375 to 437.5? - If they find transport for their oil find.
IIR - 17.75 to 1775? - Undervalued plus possible google litigation.
ELP - 14.75 to 1475? - If Guinnea prospect delivers to expectation.
Please keep your suggestions coming! And help refine this list!|
|albertusstrasse48: PETREL RESOURCES
Petrel Resources: Riding the risks in Iraq
Vital statistics Date: 14th December 2006
Shares Issued: 68.98 million
Share Price: 44p
Market Cap: £30.35 million
range: 72p - 35p
Sector: Oil and Gas Exploration
Market Data: Charts
Website: Petrel Resources
Download printable PDF
Visit the PET Bulletin Board
Oil is a risky business, and present day Iraq is probably one of the riskiest places for a company to try its luck. But Petrel Resources (AIM: PET, Berlin: PQ4) is undeterred.
Iraq undoubtedly has huge reserves of oil waiting to be exploited. The question is: which companies are both willing and able to do it? Petrel has been trying since 1999, and carried on through the invasion that deposed Saddam Hussein and ushered in the current state of affairs, which in many areas seems to resemble chaos. Petrel's Managing Director David Horgan contrasts this commitment on Petrel's part with the world's major oil companies, none of which he believes are in any real hurry to enter Iraq.
To its credit, Petrel has managed to make progress, and appears to be going effectively about the rehabilitation of the Subba and Luhais oil fields in the south of Iraq. This is being carried out as a joint venture with Iraq's Makman Group under an Engineering, Procurement and Supervision of Construction (EPC) contract awarded by the Iraqi Ministry of Oil. Horgan reports that security issues have been manageable, the south being Iraq's least trouble prone area.
A Basic Design Package (BDP) for the facilities needed to bring the Subba and Luhais fields on line has been completed, and Petrel has submitted it to the Iraqi Ministry of Oil's Project Company (SCOP) for review. When the BDP is accepted then a payment, which Horgan says will be of $8-12m, from SCOP to the joint venture is triggered and a Detailed Design can be finalised. An initial payment, of $20m, was made in March.
The Subba and Luhais contract is basically for the provision of services it does not qualify Petrel for any share of future production. But it is a high value contract - $197 million to be exact, and it does provide the company with good experience of working in Iraq and with the Iraqi government experience which should come in handy for future projects. Indeed, for Horgan, this was half the motivation for entering the agreement, although of course, Petrel expects to make money out of it too.
Petrel has an alliance with the ITOCHU corporation of Japan, which is involved a diverse range of businesses - one being oil & gas. ITOCHU is a big player in the trading and distribution of oil and oil products, as well as financing and project development. It is therefore a good, heavyweight partner for Petrel to have. ITOCHU funds some of Petrel's expenses and has right of first refusal on any of its Iraq projects.
Petrel has a Technical Cooperation Agreement (TCA) with the Iraqi Oil Ministry to evaluate the Merjan oil field in west central Iraq. Petrel expects to have completed the evaluation by around the end of the year, after the company may or may not remain involved with the field, depending partly on the Iraqi government and partly on Petrel's assessment of the security situation in the area, which is worse than in the south.
The Iraqi government is currently working to establish laws to govern the extraction of hydrocarbons in the country and Petrel anticipates that this process will be complete by the end of 2006 give or take a few weeks. The company is confident that Iraq will adopt the sort of Production Sharing Agreement (PSA) that is the norm in many of the world's oil producing countries.
Speaking of PSAs Petrel has agreed the terms of a PSA for the East Safawi Block in Jordan with the Jordanian government, although the arrangement must still be ratified by the Jordanian parliament.
Once Iraq's new hydrocarbon laws are in place then Horgan says that Petrel's priority will be to negotiate a Production Sharing Agreement, preferably in the south. He expresses some hope that the EPC on the Subba and Luhais fields could be converted into a PSA, although this is far from a certainty. But he also says that Petrel has its eye on other fields from a PSA standpoint. As he puts it 'We didn't come to Iraq to be an oil services company.'
Prior to the removal of Saddam Hussein, Petrel negotiated access to Block 6, an exploration area in Iraq's Western Desert, and hopes to have this access confirmed when the new package of laws comes out. The Western desert though is a tough operating environment and Block 6 is early stage the top prize for Petrel would definitely be a PSA on a known field down south.|
LED International, a manufacturer and distributor of large light emitting diode (LED) screens and lighting listed on AIM on the 23rd of October 2006. The company was founded in February 2004 and it develops and sells large LEDs from a flexible low-cost assembly base in Shenzhen in Southern China. The company aims to become a leading supplier of large block panel LED screens and LED lighting in China and hopes to expand its activities in the overseas markets.
The LED market is expected to hit £55Billion in 2008 in China alone.
Low cost base producing very high margins(25% in 2005)which allows LED to undercut all competition.Trading update due(remember SOLA)which should ignite the share price.
Mut Fed Ins Nm share price data is direct from the London Stock Exchange