Altona Rare Earths Share Discussion Threads

[a.fewbob] 02/9/2011 23:59

Looks like REE investors are just as rare as the metals!

[a.fewbob] 01/9/2011 00:05

REEs Out of favour at the moment, why? Seems like a great time to buy.

[a.fewbob] 30/8/2011 22:27

QRM, Bought a load of these earlier today at $4.40.

Anyone follow this company?

[shavian] 15/8/2011 13:20

Greenland Minerals and Energy Ltd ("GMEL" or "the Company") today announces that it has finalised an agreement with Westrip Holdings ("Westrip") and Rimbal Pty Ltd ("Rimbal") to acquire the outstanding 39% of the exploration license (EL 2010/02) over the northern Ilimaussaq Complex in Greenland that contains the Kvanefjeld multi-element deposit (rare earth elements, uranium, zinc) and nearby satellite deposits; namely Zones 2 and 3.



Kvanefjeld's significance is underpinned by the world's largest JORC-code or NI 43-101 compliant resource of rare earth oxides with substantial resources of uranium and zinc (contained metal inventory of 6.6 Mt total rare earth oxide, 350 Mlbs U3O8, 3 Blbs zinc). Three drill rigs are currently operating on the recently discovered satellite deposits, with the program anticipated to lead to a substantial increase in the project's overall resource base.



Feasibility studies, conducted in close-consultation with Greenlandic stakeholders and regulatory bodies, are well-advanced in identifying a robust and sustainable development scenario. Initial studies indicate that Kvanefjeld could be developed as a large-scale multi-commodity mining operation that would have one of the world's largest rare earth production capacities. The diversified revenue streams that would stem from multi-commodity production strengthen the projects economics, and ensure a highly-competitive equivalent cost of rare earth production.



This acquisition is in line with the GMEL's stated objective to develop the Kvanefjeld project. To this end the executive team recognised the importance to now move to 100% control of the asset in a manner that is clearly value accretive for the company's shareholder base. Importantly, 100% ownership will place GMEL in a strong position to engage potential strategic partners looking to gain access to the extensive resource base, and facilitate its development.

Roderick McIllree, Managing Director of GMEL, stated,

"Securing 100% ownership of the Kvanefjeld project is an important step and comes at a time when the Company is making major technical advances in process development that will strengthen Kvanefjeld's great potential, and the environment and social impact assessments are progressing on schedule in close consultation with Greenlandic stakeholders. In the context of our future development, we believe the time is now right to secure 100% of what is clearly a tier 1 mining asset"

[shavian] 08/8/2011 12:06

Positive news for GWG - strong buy recommendation

[jimbowen30] 01/8/2011 09:43

Euro Pacific GWG research note from May with $3.10 target. Couple of months old but gives a good overview of company and potential upside.

[shavian] 01/8/2011 07:09

Any reason for the welcome uptick in Greenland Minerals?

[targetrighton] 31/7/2011 19:15

BYRON CAPITAL UPGRADES GWG TARGET PRICE

Based on our existing, admittedly conservative rare earth price deck, we maintain a STRONG BUY rating on GWG, but we are raising our target price to $3.80 from $3.50.

[targetrighton] 26/7/2011 17:02

wolterix, have you honestly figured out what Pele Mountain will produce in the 14 year period in respect to rare earth elements. 4,863.63 divide that by 14 and that equates to 347.40 tonnes annually. GWMG is proposing to produce 10,000 tonnes annually based on their most recent partnering arrangement with GQD out of China. Who will give you the best return on investment.

[wolterix] 05/7/2011 11:36

excuse the 'ramp' but I wonder if anyone could shed light on the above? looks impressive to me...?

[cashandcard] 04/7/2011 13:40

Hi folks,

You might find this interesting:




Cash

[rrr] 04/7/2011 11:28

Lynas's share price has been knocked down due to some recent news re the processing plant in Malaysia. No advice of course but IMO the fall may have been overdone so could present an opportunity to anyone interested in a purchase.

Details can be found via

rrr

[wolterix] 04/7/2011 11:07

hi there

not sure if you've heard of Pele Mountain?

TSX:GEM

[veldt] 04/7/2011 10:57

Does anyone have any thoughts on the news today of the discoveries of rare earths on the sea bed around Hawaii? it is reported on the front page of the Guardian and in the BBC Asia-Pacific section.
"Japanese researchers say they have discovered vast deposits of rare earth minerals, used in many hi-tech appliances, in the seabed.
The geologists estimate that there are about a 100bn tons of the rare elements in the mud of the Pacific Ocean floor." BBC.


It seems to me that it could be very important news for the Rare Earth miners as these are huge quantities and could be cheap to hoover up off the sea floor.
I am seriously re-considering my Rare Earth holdings since they are meant to be a long-term hold in my portfolio, but this news today suggests that the long term will see the mines become uneconomic. Any thoughts anyone?
Veldt.

[lufc5] 29/6/2011 09:43

Rare Earths and Metals plc

Statement re Joint Venture on Chikangawa Explor...







Rare Earths and Metal
("Rare Earths" or the "Company")

Joint Venture on Chikangawa Exploration Licence

Rare Earths and Metals PLC ('REMP') announces the signing of terms for a Joint
Venture with Nyalihanga Enterprises on the Chikangawa Exploration Licence in
Malawi.

Highlights
* Chikangawa Exploration Licence to be held 90% by Rare Earths and Metals
* Prospective for peralkaline intrusive-related uranium, niobium-tantalum and
rare earth elements.
* Previous exploration primarily for uranium discovered significant niobium
anomalism with a 273 metre trench at 0.49% Nb2O5 and another 192m trench
averaging 0.49% Nb2O5 200m north. In localised samples uranium was present
at up to 348ppm U3O8 and tantalum at 250ppm Ta2O5
* Significantly there are no records of assays for rare earth elements, which
are known to occur in similar nepheline syenites in Malawi




Chikangawa Project History

The Chikangawa radiometric anomaly was first identified by the United Nations
Development Program ('UNDP') in the mid 1980's. It was coincident with a
nepheline syenite intrusion roughly 6.5km x 4.5km in size and had a peak
radiometric response of five times background.

The intrusion displays sharp boundaries with the surrounding deformed country
rocks and is near the intersection of two regional structural features likely to
have been subject to multiple phases of reactivation.

Based on the coincidental radiometric anomaly, prospective geology and previous
geochemical reconnaissance sampling showing moderately high lead, molybdenum,
zinc and niobium values, Mantra Resources entered into a Joint Venture over the
project in 2007.

An initial soil sampling line was located on the basis of an interpreted
airborne uranium channel anomaly over exposed nepheline syenite at 'Anomaly C'.
Exploration was focused on peralkaline intrusive-related uranium
mineralisation. Elements that do not register radiometric anomalies, such as
niobium, tantalum and rare earth elements require different exploration
techniques to locate and a comprehensive soil sampling program is the best
method of identifying potential anomalies.

However, as the initial soil sampling showed, there is already a very strong and
broad zone of niobium anomalism that corresponds to the radiometric anomaly at
this prospect within the project. The soils show an average of 525m at
4,530ppm Nb2O5 and 127ppm Ta2O5, confirmed by 41m of trenching returning
5,430ppm Nb2O5 and 122ppm Ta2O5. A later extension to this original trench
returned results of 273m at 0.49% Nb2O5 and a third trench 200m north uncovered
192m at 0.49% Nb2O5.

As well as the broad strongly anomalous responses detected, especially at the
contact between the host rock and the syenite intrusive, separate coincident
peaks are apparent both within the nepheline syenite and outside it. This
potentially indicates multiple layers of mineralisation and is supported by
individual thorium and potassium characteristics, suggesting a complex, possibly
multi-phase intrusive and mineralisation history.

As well as three distinct uranium-channel radiometric anomalies identified in
past exploration within the intrusive, there appears to be a large-scale north-
west trend with subsidiary cross-cutting features that affects mineralisation
controls. Areas of anomalous radiogenic response are often associated with
fracture sets or to zones of recrystallized biotite suggesting some sort of
remobilisation during or after a deformational event, either during emplacement
or later.

Towards the east at 'Anomaly A', a coherent 2.5km uranium channel anomaly was
detected with relatively much high scintillometer readings compared to Anomaly
C. Given the differences in outcrop with the syenite varying considerably in
grain size, degree of foliation, and presence or absence of mafic banding or
pegmatites across the intrusive, it is important to initiate a comprehensive
soil sampling programme.

Chikangawa was Mantra's last remaining Malawian licence to be dropped in 2009
when the decision was made to focus on their Mkuju River uranium project in
Tanzania, even as they noted that the anomalism was not yet closed off. There
are similarities to Globe Metals and Mining's Kanyika Project, 90km south of
Chikangawa, which has 55Mt at a grade of 3,000ppm Nb2O5, 140ppm Ta2O5 and 80ppm
U3O8 as well as zirconium. Globe are currently undertaking a feasibility study.
East China Exploration, a Chinese para-statal company recently purchased a
majority stake in Globe for over $40m to advance the Kanyika project.

Planned Work
It is reported that a number of duplicate samples from previous exploration have
been stored with the Geological Survey of Malawi and if these are still
available, it may be possible to analyse them for the full suite of elements,
including rare earths.

Building on this, further sampling across the licence needs to be undertaken to
identify and delineate non-radiogenic anomalies that have not been adequately
tested for, as well as any potential rare earth elements that have not been
analysed for.

Joint Venture Agreement

Under the Joint Venture agreement Rare Earths and Metals has purchased a 90%
interest in the Exploration Licence with the remaining 10% free-carried by
Malawian partner Nyalihanga Enterprises.

Related to this, a director of the Company, Shaun Dowling, agreed to advance
$10,000 to the Company in 2010, convertible to ordinary shares at a price of
0.25p upon the licence being granted and Joint Venture proceeding. Additionally
if certain milestones are reached, such as the definition of an initial JORC
resource and construction of mining facilities, further payments will become due
to Nyalihanga Enterprises.

Issue of equity

Accordingly, the Company announces that it has today issued 2,540,000 Ordinary
shares of £0.0005 per share at a price of 0.25 pence per share to Mr Shaun
Coleman Dowling. As a consequence of this share issue,
* Mr Shaun Coleman Dowling now holds 16,428,888 shares or 4.06% of the shares
in issue;
* The directors together hold 30,878,888 shares or 7.63%;
* The total number of shares now in issue is 404,847,320.

The above figure of 404,847,320 may be used by shareholders as the denominator
for the calculations by which they will determine if they are required to notify
their interest in, or change to their interest in, Lisungwe plc under the FSA's
Disclosure and Transparency Rules.

The Directors of the Issuer accept responsibility for this announcement.



ENQUIRIES:

Rare Earths and Metals plc
John Watkins, Chairman Tel: [phone]
[e-mail]

Frederick Bell, Managing Director Tel: [phone]
[e-mail]

Rivington Street Corporate Finance Limited
Corporate Adviser Tel: [phone]

Eran Zucker [e-mail]



ENDS

[shavian] 24/6/2011 08:12

Greenland flying at last!

[roguetreader] 23/6/2011 22:03

Jim
Cheers was a good listen
RT

[jimbowen30] 22/6/2011 20:52

John Hykawy (Byron Capital) Rare earths interview 21 June 2011.

Very interesting listen - GWG mentioned 17-25 minutes in

[shavian] 22/6/2011 14:57

More evidence:



Aha! GGG and GWG appear to be waking up. Not before time.

[shavian] 21/6/2011 17:54

Nice update in from Greenland:



Just what's needed to get the share price back up. I can't believe the GWG and GGG are so neglected by the market given that the REE story is now pretty mainstream. Both very buy-able imho. I hold

[roguetreader] 12/6/2011 21:15

Jim, cheers; the stockhouse site has a pretty good thread going on GWG I'll keep tabs on it there.
RT

[jimbowen30] 10/6/2011 13:10

Roguetrader,
I believe the earnings model has been put together by wwater who posts on stockhouse. I think he is also targetrighton on here but not seen him post for a while. I am in the process of looking at the earnings forecasted in more detail as GWG has a lot of upside imo. There are only one or two brokers who cover GWG (this will change according to Jim). Byron Capital have a $3.50 price target - note is on their website
Jim

[roguetreader] 09/6/2011 20:56

Jim
Thanks for the heads up on the MML thread re GWG and the earnings models, have to say the earnings forecasts on the sheets you posted look extremely tasty. Have listened to the May conference call off the website and like you found it well presented and very informative. One question for you, where are the earnings forecasts you posted on the MML thread derived from? Are they Broker predictions or something you have put together?
RT

[mattybuoy] 05/6/2011 17:03

New kiddie on the block, just down the road from Molycorp.

Elissa Resources (V.ELI)

Here's a pump piece:



Just FYI, I have no position.