Fair Oaks Income Share Discussion Threads

[fairdeal2008] 12/10/2010 08:36

They are up now

[fairdeal2008] 12/10/2010 08:36

Sorry popped a Nytol and overslept

[backmarker] 12/10/2010 08:34

WaleriuszWatrobka - 12 Oct'10 - 08:21 - 21 of 25

...F2k8, so where is your promised upload unless you've just created this thread to let other pi's do the job of finding bargains, clever then ?!? ;-)
--------------------------------

WW,

even if you're right about getting others to do the work - a cunning plan, yes? - at least we all get to see the fruits of it.

[backmarker] 12/10/2010 08:31

hahaha,

so you were waiting there with your suggestions after all.

[backmarker] 12/10/2010 08:30

FD,

so this is CASH the sequel ? I wish you/us better luck with it.

I'm surprised you haven't already listed your favourites, but here's two of them:

RRR and RGM

both are excellent and undervalued.

if you want more info then view these excellent boards:

[sportsauto] 12/10/2010 08:29

Numis note....

Our revised commodity prices result in an increase in our target price to 70p, from 50p. This, together with recent share price softening provides an upgrade in our recommendation to BUY from Hold. We recently updated our model following apositive site. Having delivered on production, we believe that management's attention will now re-focus on exploration to provide the next stage of growth, both at Gedabek and in the region as AAZ looks exploit its first-mover advantage.

The Gedabek heap leach gold mine is now approaching steady state production of
55-60koz per annum, after overcoming commissioning problems earlier this year. An ongoing review of the resource is expected to deliver an increase in the Measured and Indicated categories of 25-30% contained gold.

We assume a proportional reserve increase. We have based our model on an
assumed open pit oxide reserve, net of depletion to June '10, of 11.6Mt at 1.8g/t, containing 670koz gold. This increased reserve is proportionally in line with the suggested resource increase and would give and would provide for an 8 year mine life.

Our target price is based on 1.25x Net Asset Value (NAV), which is the middle of the 1.0 to 1.5x multiple range that we apply to junior and emerging producers. AAZ is only moderately leveraged, with +10% in gold translating to +13% in NAV.

Set for next stage of growth. We believe that AAZ is a good play on the gold price with solid management and good growth potential, as the company looks to develop satellite deposits to Gedabek and also exploit its first-mover advantage in the region.

[fairdeal2008] 12/10/2010 08:27

TODAY'S SUGGESTIONS:

1. Gold stock still to breakout:

Ariana Resources: AAU


Operates in Turkey although may wander to other nearby countries in due course.
Resource update due (500k ounces soon), Gold Production JV in place, Mine Feasibility underway, Massively important JV with European Goldfields for exploration and £1mn cash. The perfvect uber gold explorer and has not had its gold breakout moment. Its got to be coming.

2. Risky but Frisky exploration with definite news on the way:

Thor Mining: THR


Trading halted in Oz as a price sensitive rns on the way. Could be anything but difficult to predict what exactly. Noted as a re placement of CDIs on Australian market. They are funded to mid 2011 anyway so this extra funding could be in relation to activities at Molyhill, could be some rare earth developments, could be gold possibilities? Anyway have stepped up holding because its worth an extra punt.

3. Just out and out value:

Electrum Resources: ECR


This is really a funny situation, because ECR has so much value beyond the share price as it stands that every day I keep buying more. There are lots of disgruntled holders which is subduing the price as they sell out alongwith a few short term holders etc etc, but their effect will wane. This has to be the best value opportunity I have seen for months yet, as with CNR at 0.8p, many folks will still not buy it until it fhas gone up 5x..... In the meantime I keep buying (have to confess I bought 250 at 1.59 yesterday which looks stupid today and may look stunning tomorrow ;-)

[waleriuszwatrobka] 12/10/2010 08:21

...F2k8, so where is your promised upload unless you've just created this thread to let other pi's do the job of finding bargains, clever then ?!? ;-)

[gonefishing3] 12/10/2010 08:11

IMIC up 36% cannot buy dealer only re-rating with $20m+ investment from xstrata

[shavian] 12/10/2010 08:03

Thanks Fairdeal - good idea.

Ssssh! Next big thing after gold will be rare earth elements (see REE thread for the astonishing fundamentals). China has virtually cornered the market in REE, and will need all it has in future, so will choke off the supply to the rest of the world. REE, especially Neodymium (Nd), are vital for miniature electronics of all kinds - mobile phones, laptops, laser guided weapons, medical scanners etc etc. Both big REE mines in the US were abandoned years ago before their potential was realised, but will take time to re-start.

Ssssh! There's one little Aussie miner which has a potential bonanza on its hands, and it's a very long way from Oz. Go seek and report back when you find it!

[smudge104] 12/10/2010 07:38

2 for you, RGD, will be 50% higher in 4 weeks, listed in shares mag this month as the second cheapest stock sales to MC, and PAF a fantastic gold play at under 10p paying a good divi.

thanks for the other tips ill take a bit of research time later today

[gonefishing3] 12/10/2010 07:29

IMIC.DRILL RESULTS WOW.XSTRATA INVESTMENT $20M+

Trillium North Minerals Ltd ("Trillium")

Trillium is quoted on the Toronto Ventures Exchange ("TVX") and is developing
its mineral rights in Ontario, Canada. The company holds 7 million shares in
Trillium.

Trillium is engaged in the acquisition, exploration and if warranted,
development of mining properties in Canada. It currently holds interests in
resource properties in Ontario primarily and intends to seek out and acquire
additional properties, worthy of exploration and development, as finances
permit. The exploration and development of the properties is accomplished either
through direct expenditure by Trillium or joint venturing of the property to
another company. Trillium controls varying interests in three types of
properties, Gold/Copper/Zinc/Silver VMS geology, Platinum Group
Metal/Nickel/Copper VMS geology and Primary Gold Geology. This strategy
leverages the exploration teams' proven ability to recognise overlooked
geological opportunities using advanced geological techniques.

In August 2010 Trillium issued an update on the Pickle Lake East Property, which
covers approximately 15 kilometres of the projected northwestern strike
extension of the Pickle Crow-Central Patricia Mine trend. Manicouagan recently
completed a six-hole (1,214 metre) diamond-drilling program on the Pickle Lake
East Property. The drill holes were designed to test selected I.P. Resistivity
Anomalies identified from the geophysical survey carried out in late 2009 and,
at the same time, complete a fence of holes across the Pickle Crow - Central
Patricia Gold Mine trend where it crosses onto the Pickle Lake East Property
(see Trillium Press Release dated March 9, 2010). The drill program was
successful in identifying what is interpreted to be the gold-bearing
structure(s), which host the Pickle Crow and Albany Mines, located several
kilometres to the south west. Diamond drill holes PLE-10-01 and 02 encountered
broad zones of alteration including two 10 to 20 metre wide zones of intense
carbonate-sericite +/- green mica alteration containing anomalous (>100ppb
gold).

Rainy Mountain Royalty Corporation ('Rainy Mountain')

Rainy Mountain Royalty Corporation engages in the acquisition, exploration, and
development of mineral resource properties in Canada. It primarily explores for
copper, gold, zinc, nickel, and precious metal properties, as well as platinum
group metals in northwestern Ontario. Rainy Mountain was formerly known as East
West Resource Corporation and changed its name to Rainy Mountain Royalty Corp.
Rainy Mountain Royalty Corp. was founded in 1979 and is based in West Vancouver,
Canada.

Rainy Mountain has been informed in July by Xstrata Copper Canada, a division of
Xstrata Canada Corporation ('Xstrata') of Toronto, Ontario, that a drilling
program of four core drill holes (drilled to a depth of 300-384 metres) has
recently been completed on Rainy Mountain's Hamlin IOCG property currently under
option to Xstrata. The drill program tested well beneath the known copper and
gold mineralization and has been successful in intersecting mineralization.

Wide zones of copper mineralization, contained in a hematized-pink breccia, were
observed over core lengths of 280 metres. The drilling intersected and assays
confirmed copper and gold mineralization, which extended the known depth beyond
300 metres. Further drilling is being planned with the objective of extending
the zone along strike to the east. The current core drill program completed
150-200 metre sections moving to the west, and leaving for future drilling the
eastern extension, which is still open at depth. To the east, shallow core drill
holes have been only drilled to a vertical depth of 75 metres and intersected
similar mineralization containing copper-gold values. Mineralization has been
identified over a significant strike length of 2300 metres

Xstrata can earn a 51% interest in the Hamlin property (157 claims) by incurring
$3 million in exploration expenditures and can earn a further 24% interest by
incurring not less than $20 million in feasibility study expenditures. The
Hamlin property is presently held by Rainy Mountain and Mega Uranium Ltd. on a
50/50 joint venture basis.

[bonsoir7] 12/10/2010 07:26

OMI wow Market Cap £20m but on schedule to do cashflow of $20m this year (Q1 announced today $5m) and they have $10m in Cash + these exciting silver indications on their 1m oz gold resource (Edison type valuation of the gold alone could be $300m+ as it is mostly Measured)

Historical trenching at Pantanillo Sur includes 40 meters at 311 g/t Ag and 16 meters at 693 g/t Ag. A number of shallow rotary drill holes have also been drilled in this target with best results 11.0 meters at 1546g/t Ag from 0.0 meters and 11.3 meters at 1072g/t Ag from 0.0 meters.

[1nv35tor] 11/10/2010 23:16

does anyhere have much knowledge about Churchill CHL
its one iv currently started to look at and sounds promising.

[englishbeakfast] 11/10/2010 22:24

EUA
Are expecting licence shortly.

[sportsauto] 11/10/2010 21:29

KEEP AN EYE ON - MVC
MVC - unlisted Serbia-focused gold explorer Orogen Gold

MVC LESS THAN 1/2p

Orogen Gold and its primary interest is in the Deli Jovan gold project, in eastern Serbia.

outstanding grades: 290g/t,300g/t
outstanding NEW MANAGEMENT-

According to MedaVinci, Orogen Gold's founders and directors - John Barry, Edward Slowey, Alan Mooney and Michael Nolan - "all have considerable geological and corporate expertise gained by working on mineral exploration and production projects worldwide and are connected to an international network of senior advisors in exploration, mining, commercial operations and financing".

Check Kennyruss thread on mvc

[sportsauto] 11/10/2010 21:23

KEFI 2p
License news imminent
21 ELA all with potential individual news when granted
Multi £billion JV partner eager to drill/mine/produce GOLD
Fastract to mining

"The Company expects the imminent granting of one exploration licence and has been informed that five other licences are at an advanced stage of process and are anticipated to be granted in the near future"The potential for the discovery of large one million ounce gold deposits in this region

[cyberbub] 11/10/2010 21:10

Try BTC - processes and trans-ships natural resources (crude & heating oil and grains) rather than drilling for it, with all the risks involved in that. Low-risk, high margin business, growing rapidly with solid and well-experienced management. Little debt. Based in Russia but a very civilised part :-)

Interims 10 days ago showed it generated profit of almost 5p EPS for the half year, with the better half-year to come, could be 12p EPS. Currently trading at 26p, which is well below NAV (itself almost free of 'goodwill' inflation), never mind the profit calculation.

DYOR NAI

[crimeprotection1] 11/10/2010 20:14

Anyone looked at AEN - Andes Energia? Recent interims showed it had produced some $13.5m in operating profit, has cash of $5.5m and a NAV of $160m! Market Cap is £24m. The majority of this seems to have been generated from its 51% stake in Empresa Distribuidora de Electricidad de Mendoza Sociedad Anonima ("EDEMSA"),its electricity arm, it aims to accelerate its oil & gas exploration for the remainder of 2010 and 2011.

[1nv35tor] 11/10/2010 19:38

i like the look of CHL Churchill mining, its like GCM

[amazon_woman] 11/10/2010 19:23

FD great idea

MIO moved up .5p to 4.25p today well worth a look if not already in.








Re-rating Overdue – Key Events Before Year-End
Half year results from Minco plc (published on 30 September) confirmed truly excellent progress was being made on
all fronts. (See:
Culmination of this will be seen through two key announcements expected before the end of the year. These can be
expected to spur a major re-rating of Minco plc shares.
The first announcement will be formal confirmation by Minco and JV partner, Xstrata, of the 2011 exploration
budget for the Pallas Green lead-zinc project. The US$10m agreed for 2010 was already the largest exploration
budget in Irish history. We are confident that the 2011 budget will be even bigger, possibly as much as US$15m and
that, by the end of the year, will be sufficient to declare that the Caherconlish area deposits at Pallas Green represent
a world-class zinc resource. Beaufort Research estimates the potential of this mineralising system to be as large as
60Mt of ore with a combined grading in excess of 10%. This would rank the current discovery at Caherconlish
amongst the world's 10 largest zinc mines. Based on this, the feasibility study for Pallas Green should be expected to
commence in 2012 which could then be followed by production as early as 2015.
The second announcement will be an interim statement regarding the oxide pilot plant testing results for Minco's
39.7%-owned associate, Xtierra Inc. (TSX-V:XAG). Success here will signal the passing of the last major hurdle
before formally taking a positive construction decision at Bilbao. With no particular resistance to the site's routine
permitting anticipated and with a considerable portion of the expected project capital financing needs already
optioned, Xtierra should commence production of its polymetallic resource during 2012. Beaufort projects a 12-14
year LOM with full project financing payback being more than achieved within its first 12 months of operation.
Based on this, both Minco plc and Xtierra Inc. appear dramatically undervalued. The coincidence of these two events
is likely to trigger a dramatic re-rating of both companies. Recognition of this potential should take Minco plc shares
significantly beyond the conservative 13p/share price target currently set by Beaufort Research.

[inspirational] 11/10/2010 19:02

Oracle Coalfields - A Developing Growth Story

ORCP

[novicetrade68] 11/10/2010 18:58

Anyone who can stomach a bit of risk yet with the potential of a three bagger within 2-3 months, check EMED.

They already owe 27% of KEFI, but they also intend to reopen an existing medium sized copper mine in southern Spain. The mine itself can be made into production within 6 months and COULD have a NAV of 54p unrisked cap to EMED. Dyor. Copper is also a pretty hot commodity at the moment.

Downside is bureacracy in Spain and other red tape, but it looks likely the mine will reopen though. The question is when, and for many investors it can be a frustrating thing when shares are flying, but a share like EMED is stuck in mud, so not for windows and orphans.

[novicetrade68] 11/10/2010 18:47

Baobab (BAO) is due a BEM

[jonny flame] 11/10/2010 18:41

FND - scoping study due out in Q4 for the Ojolali project (which by my estimates the market has assigned no value to), Wetar license could come any day now which would mean the company can expand the current demo project to 7,000tpa copper produce, FND is also the only copper 'producer' on AIM. Been rising over the last week or so, momentum building.
Market cap 53m GBP - 222, 267, 475 shares in issue.