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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Lithic Metals (SEE LSE:AFNR) | LMY | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
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|---|---|---|---|---|
| 0.00 | 0.00% | 2.375 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 2.375 |
| Top Posts |
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Posted at 10/11/2009 09:23 by themoneymonster2 The Times todayRumour of the day Shares in Kalahari Minerals rose 3p to 176¾p amid rumours that Extract, in which the group has a 40 per cent stake, may put out a particularly bullish resource update this week. Kalahari's management is visiting potential investors in the United States in an attempt to drum up further interest in the Namibia-focused group. This affects LMY/AfNat through their holding in URU who own shares in KAH, Who in turn own shares in EXT. |
Posted at 16/10/2009 10:55 by themoneymonster2 from iiiLMY's neighbour in Zambia has just released this news... "The Directors of African Energy Resources Limited are pleased to announce that the Zambian Minister for Mines and Minerals Development has granted Large Scale Mining Licence 12634‐HQ‐ Looking at the maps on their websites, it seems that LMY's Mpande and Oryx prospects are adjacent to African Energy's Chirundu project... This could be good news for LMY, but I don't know if it has any relevance to LMY's merger and/or acquistion plans. |
Posted at 16/10/2009 10:06 by themoneymonster2 Scap ticked up again at 9.24am. 3-3, 3-4pAyone who thinks that a merger will happen like myself but is planning on getting in on the news is kidding themselves in my opinion. There is hardly any stock not held by private investors, the board and institutions. Around 8 million shares in free float minus shareholders like myself who has around 500k. You will not be able to buy once the deal is announced so is worth taking a position now in my opinion but please do some research in to the board first. |
Posted at 22/9/2009 14:09 by jester jim out todayAnnual Financial Report (Niger Uranium) TIDMURU RNS Number : 4539Z Niger Uranium Limited 22 September 2009 For immediate release 22 September 2009 Niger Uranium Limited ("Niger Uranium", "NUL" or the "Company") Audited Results for the year ended 31 March 2009 The Company announces its audited results for the year ended 31 March 2009. The Company will be posting a copy of the report and accounts to shareholders on or before 30 September 2009. A copy will be available from the Company's website, being www.niger-uranium.co CHAIRMAN'S STATEMENT I am delighted to present to our shareholders and stakeholders the second annual report and accounts from our company. This annual report is the first one that I have been able to deliver since my appointment as your Non-executive Chairman in February of this year. Over the past 12 months, the world has been affected by great economic uncertainty, in part created by a collapse in confidence within the financial services sector, which has triggered a global downturn in consumption. As with most public companies operating in the natural resources sector, the share price of Niger Uranium Limited has suffered a decline that, broadly speaking, has fallen in line with the rest of the market. Today, I am pleased to report that our share price has recovered to be more reflective of the value of our investments, the status of our projects and the sector in which we operate. Despite a fall in the value of most commodities during this period of global economic slowdown, the price of uranium, U3O8, has recovered relatively quickly, from a two-year low of US$38/lb to US$44/lb. This price increase reflects the increasingly positive attitude that several governments have adopted in relation to the role that nuclear energy can play in the modern world, in which the production of energy has to be undertaken with environmental concerns in mind and with the minimum of greenhouse gas emissions. Later this year, world leaders, scientists, environmentalists, academics and policy-makers will gather in Copenhagen, Denmark, to participate in the United Nations' climate change conference, COP15. I am confident that one of the outcomes from this gathering will be to reaffirm the significant role that nuclear power has to play in the energy production sector as the world moves away from fossil fuel-generated energy to a low carbon economy. According to the World Nuclear Association, as of June 2009, 47 nuclear reactors are under construction and proposals exist for another 282. Between 72,000 and 81,000 tonnes of U3O8 is required annually to satisfy current demand. Over the last 12 months, your company has continued to make steady progress with regard to the development of our projects, particularly those in Niger and at the Henkries Project in the Northern Cape province of South Africa. A full roundup of the current status of our investments and projects is set out in the Acting CEO's report. The company's recent placement of 4,340,052 new ordinary shares raised GBP911,411 before expenses, equivalent to approximately US$1.5 million. The company intends to use the placing proceeds to provide additional working capital for the development of its uranium interests. Notwithstanding our focus on projects with near-term potential, Niger Uranium continues to look for new locations, opportunities and assets to enhance our portfolio of commercially viable uranium properties. I would like to re-affirm our strategy, which governs all of our operations: Niger Uranium will act as a pure uranium investment, exploration and mining development company, one that will move into production earnings through the development of a diverse portfolio of uranium properties. Our mandate can be summed up in five key points. We will: 1. Develop existing concessions and deliver cash flow as soon as possible 2. Expand the geographical portfolio of uranium assets by acquiring new properties with proven uranium reserves, on a standalone, earn-in, joint venture or partnership basis 3. Continue with the drilling and exploration programmes at our existing properties and in support of the properties in which we have an interest 4. Work in partnership with local communities and regulatory institutions, and pay the utmost respect to the environment and the social welfare of the citizens and communities in our respective fields of operation 5. Operate under a sound fiscal and corporate governance framework At this point, I would like to thank the previous Chairman of Niger Uranium, James Mellon, for his sterling work in guiding our company from first listing to the position we are in today, a position of great potential. I would also like to thank the board, management, our shareholders and all stakeholders for their continued support as we look forward to another busy year of activity. David Weill Chairman ACTING CHIEF EXECUTIVE'S REPORT Like most companies across the world, we have had to face the challenges presented to us by the current uncertain global economic conditions, yet, despite economic events outside our control, we have remained rigidly focused on keeping our development and investment programmes on track. I am pleased to give you the following update of our progress over the last year. Investment Kalahari Minerals, Extract Resources and the Husab Uranium (Rössing South) Project, Namibia Utilising our in-house knowledge and experience of uranium mining in Namibia, Niger Uranium decided in late February 2008 to take a strategic 15.8% investment in Kalahari Minerals, in line with our stated objective to deliver shareholder value by acquiring stakes in viable uranium mining initiatives, particularly in Africa. Kalahari Mineral's principal asset was then a 40.6% stake in Extract Resources, held via the company's subsidiary Kalahari Uranium Limited. Extract Resources (EXT) is an Australian ASX and Toronto TSX listed uranium exploration and development company that owns and manages the Husab Uranium (Rössing South) Project, 45 kilometres northeast of Walvis Bay in Namibia. Drilling results from the Rössing South Zone 1 property so far show a resource estimate of 145 million lbs at a grade of 449ppm U3O8, clearly demonstrating that Rössing South has the potential to be a world-class uranium mine. Your board is pleased with the progress being made by both Kalahari Minerals and Extract Resources in respect to Rössing South and in particular with the recent mobilisation of Extract Resources' technical and managerial teams in Namibia. Increases in the share price of both of these companies has directly and indirectly added real earn-in value to your company and we look forward to Rössing South moving swiftly into the engineering, development and production stages. Henkries Uranium, Namakwa District, Northern Cape, South Africa The last 12 months has seen significant progress at the Henkries Project, particularly at Henkries Central and Henkries North. At Henkries North a total of 2,044 metres of drilling (109 boreholes) has been completed to date. Following an extensive drilling period, which involved sinking an additional 12 boreholes at Henkries Central (with 11 of these containing significant mineralisation) we released the maiden resource estimate for Henkries Central, following the completion of Phase-1 drilling at Henkries North. The SAMREC-compliant undiluted resources for Henkries Central of 2.97 million lbs U3O8 in the Measured and Indicated categories at an average grade of 501 ppm U3O8, and an additional undiluted 1.5 million lbs U3O8 in the Inferred category at an average grade of 294 ppm U3O8 using a cut-off grade of 100 ppm U3O8. The board and management are delighted with these results, which confirm the presence of a large-scale uranium deposit with a favourable grade and low strip ratio. These findings are in line with the results that Anglo Operations Limited reported in its historic feasibility study for the Henkries Deposit. We are confident that further drilling at Henkries Central and North will confirm that Henkries can eventually move to full feasibility and production. The acquisition of the Henkries Project was subject to regulatory approval in the form of the consent of the South African Minister of Minerals and Energy (the "Minister") as required in terms of Section 11 of the South African Mineral and Petroleum Resources Development Act, No. 28 of 2002 (MPRD Act) pursuant to a 'change of control' occurring in respect of control of the prospecting license resulting from the acquisition. To date this approval has not yet been received and the next stage of the development of this project is subject to such approval being forthcoming. Exploration Progress Irhazer & In Gall, Tim Mersoi Basin, Niger Niger remains one of the world's most important sources of uranium. Niger Uranium is amongst a group of major global uranium investors and mining companies that have investment and mining operations in the country. Investors include Areva, Cameco, China National Petroleum Corporation, China National Uranium Corporation and Korea Resources Corporation. Two mines are under construction, including the Areva-managed mine that will be the world's largest open pit uranium mine, due to commence operations in 2012. We all share a common interest in making sure the investment environment in Niger remains harmonious. Niger Uranium holds eight prospecting licenses in Niger, covering a total area of 1,673,644 acres (6,773 square kilometres). Added together, the Irhazer, In Gall, Kamas 1, 2, 3 and 4 and Dabala 3 and 4 licenses represents one of the largest mineral property holdings in the Tim Mersoi Basin, the world's fifth most important uranium producing district. Large-scale radon and geochemical surveys commenced on the 100% owned Irhazer licence area. The exploration team targeted an apparent repetition of the type of geological setting present at Azelik, to the west of the licence area, where a significant uranium resource is being developed. We believe that radon detection, coupled with conventional geochemistry and geological interpretation, is the best means of detecting a potential 'buried' deposit, which may be obscured due to the presence of a cover of younger sediments in the area. We await evaluation of this survey, following further exploration work on the ground in Niger, which we hope to commence later this year as and when the security situation in Niger improves sufficiently. UrAmerica Plc Salta & Chubut Provinces, Argentina/Paraguay/C On 21 April 2008, Niger Uranium acquired an initial 20.89% holding in UrAmerica plc, a junior uranium mining company engaged in the identification, acquisition and exploration of high-quality assets in Latin America, particularly Argentina, Paraguay and Colombia. UrAmerica has a strong South American management and technical team with more than 20 years' experience in uranium exploration throughout the region. Argentina UrAmerica has exploration permits ("cateos") in the Chubut and Salta provinces, which cover a total surface of approximately 270,000 hectares in areas with proven uranium anomalies and existing uranium mines (the Cerro Solo mine in Chubut province and the Don Otto mine in Salta). UrAmerica has recently finalised an advanced exploration Phase II.b in Salta, concentrating on three areas thought to be the most prospective, Isonza, Cerro Tin Tin North and Las Casitas with the objective to commence drilling operations in 2009. The independent mining and technical consultancy SRK Consulting was invited to conduct a review of the exploration activities undertaken during the Phase ll.b Salta Province Argentina programme and issued a report in June 2009. SRK has reported good potential for significant mineralisation over a widespread area at the property, evidenced by a uranium anomaly that stretches for several kilometres along the north-southwestern flank of the fold structure at Isonza and similar structures at Las Casitas and Cerro Tin Tin North. SRK issued a set of recommendations in the report that UrAmerica will follow up with in due course. Paraguay A 100,000-hectare area has already been granted in the Parana Basin, East Paraguay. The area contains known uranium mineralisation. CUE Resources and Wild Horse Energy have both undertaken drilling programmes in this region in the past. Colombia UrAmerica has filed for exploration permits covering 60,000 hectares with uranium potential in Santander Province. Our investment in UrAmerica holds much promise and we look forward to working with UrAmerica, when called for, to provide the technical support that the company requires. Board of Directors There have been a number of changes to the Board of Directors over the last year. James Mellon has left his post as Non-executive Chairman and David de Jongh Weill was appointed as Non-executive Chairman. John Sanders resigned from his position as Chief Executive Officer, and Wayne Beach as Non-Executive Director, in order to focus their attention on other business interests. I would like to express my appreciation to my former board members for their services to the company. I would also like to welcome Raphael Danon, who has been appointed Non-executive Director. I am confident that the Board of Directors we have in place will continue to work proactively to enhance the position of Niger Uranium as a dynamic force in the pan-African uranium mining sector. |
Posted at 17/9/2009 17:12 by imperial3 Maybe impatience has got the better of some investors,and moved on elsewhere.Personally |
Posted at 13/9/2009 10:23 by fordtin Morning Lizzy,I started writing this yesterday, but was 'forced' to log off in a hurry to attend a beer festival, so apologies if it overlaps with Inside Building's post. (slightly hung over so can't be bothered to start again) As I see it, announcing that they are considering a 'merger' with a larger company clearly says they are willing to give control to the other party. In other words, they've put a 'for sale' sign up. Would it be better to give a 51% controlling interest to another low cap company with limited cash resources, or accept just 5% to 20% of an enlarged company with ample cash resources to develop the company's projects? In the case of a 'merger' with a company like Regent, shareholders would gain substantial upside potential from a high quality investment portfolio in addition to a healthy cash pile. Being new to LMY I've only glimpsed a few of the details, would there be any benefit to a merger involving their joint venture partner? I note that ZRL had a boardroom spring clean around the same time as Lithic. It could just be a coincidence, but Julian Ford was kicked off the board of LMY and shortly after he stood down as ZRL's Managing Director. Doc Johnson has also resigned from the board of both companies fairly recently. ZRL have just announced an "Interim Funding Agreement" involving the issue of a large number of convertible loan notes to "a number of sophisticated investors. " Could "a number of sophisticated investors." include some of the Dattels/Mellon/Stalk 'Interim' suggests another stage to the funding agreement, could that involve a merger plus additional capital raising? One thing which catches the eye almost straight away is that LMY have kicked out a bunch of mining & exploration guys and replaced them with a boardroom full of Lawyers. Coincidentally ZRL have also replaced a geo with a lawyer. As you say, Ms Erdem is probably laughing her stockings off. There does seem to have been a general assumption that a merger would be with another company associated with the Dattels/Mellon/Stalk p.s. it's interesting to note from her bio that Ms Erdem has a special interest in "Takeovers from the Bidder's Perspective, focusing on cross border Mergers and Acquisitions." |
Posted at 11/9/2009 15:57 by fordtin Sorry to butt in. I'm not a shareholder, just a lurker popping in to see what the latest gossip is.Just a thought, but everyone seems to be speculating about mergers with AIM companies. (edit - sorry Lizzie. with the exception of Lizzie's suggestion of NWT ... and probably a dozen others which I missed ... ) Has anyone looked to see what else Dattels/Mellon/Zorba Here's one example which might fit the bill (Mellon is on the board) Red Dragon Resources Corp. (the "Company") would like to update the market in view of the recent increase in the volume and price of the Company's shares. There have been no material transactions to report and the Company continues to use its financial and technical strength to evaluate a number of projects for possible acquisition. The Company has a healthy balance sheet of $9.35 million in cash and cash equivalents and $8 million in investments as of July 31, 2009. This is equivalent to $0.25 per share based on the share capital of the Company. These are sufficient funds for the Company to continue their corporate development activity and to identify attractive opportunities for potential investment. The Company believes it has the opportunity, particularly in the current climate of tight credit markets and low valuations for junior resource companies, to identify and invest in new projects with potential for significant appreciation in value from good project fundamentals as well as the anticipated increase in commodity prices as physical demand for materials increases as the world recovers from the recent recession. In addition to project generation, the Company and its joint venture partner, AREVA Resources Canada Inc., continue to advance the Rea Uranium Project in northeast Alberta on the western edge of the Athabasca Basin. The project covers 446,330 acres of highly prospective ground and surrounds AREVA's Maybelle River uranium deposit. The Athabasca Basin is host to some of the worlds largest and richest uranium mines and contributes about 32% of the world's uranium supply. |
Posted at 02/7/2009 13:48 by induna123 This was the post on iii bethany3 referred to. If you study mm's behaviour (like 8trader does) then this would be immediately obvious.SIMON DIXON - BENEDIX TRAINING - former Marketmaker. MANIPULATION BY MARKET MAKERS [Dixon seems an ordinary 26-yr old, without any attempt at "persona", which many of the speakers portray. I've never heard a MM speak before. (I've suggested that one speak to MI.) He seemed to me to just talk straight and his couple of speeches were enough to justify the whole awkward trip to IX. .... He is also a broker, fsa-regulated and an ifa, mentor, independent trader and works in corporate finance. ] .... Do not mix investing with trading. Do not mix fundamentals with technicals. Be one or the other and do not mix or you will be confused. ... By all means invest in AIM, but do not daytrade AIM nor use TA on it, as it is manipulated by MMs. Note that MMs can manipulate ONLY WHERE THERE IS LOW VOLUME but they cannot do so where there is large volume, or else they risk being caught on the wrong side of the market. Typically they may have a big institutional buy order to fill, where there are few shares available for purchase, so they try to manipulate prices down in order to fill it at the expense of smaller players. The impetus here is to fill the order at the best price in order to generate repeat business from that institution. (The institution, of course, unlike the rest of us, pays no spread!) ... MMs are very crafty and familiarise themselves in detail with what is being taught in books and seminars, particularly on TA. ... The low volume on AIM is particular favourable to MM manipulation. AIM should therefore be for investing, not for trading. A typical MM day starts at 7am reading the tips in the press and subscription services. One person does this and briefs the rest. Investors Chronicle does not carry as much weight as it used to, but EK is known to have a very large following. These tips are the focus for the day, as many people try to stag these tips. At 8am MMs attempt to suck in buyers by gapping up the stock and creating a false trend. They then attempt to take out the stops which those buyers (and any preceding buyers) have set. At 9am attention turns to institutional orders from the "Sales Trader." The MM seeks to manipulate prices during the morning to find stock to fill those orders, typically by creating false trends. At noon there is the "Lunchtime boredom". It goes quiet, as judged by the ringing of the phone. Those in the office try to move their dead stocks, to try to create a trend so TA-based traders get sucked in. At this time, even one small buyer of £1,000 shares can send the market wild. The main MMs are out at liquid lunch, schmoozing brokers to put business their way. At 2pm they return in spirited mood and move prices aggressively, culminating in a rush at 4pm to outdo each other to fill the remainder of the institutional orders. As market closes, the price returns to an equilibrium price. At 5pm the institutional orders are placed on a time&sales screen and on L2 you can see what they have done, GSCO, LEHM, etc. Follow these players and do not go against them. If you are going to go against anyone, go against the retail trader |
Posted at 17/6/2009 07:52 by simonparker5 Fairdeal must agree this looks a very interesting and potentially positive move. We know that there are not many shares in free float and so most are held by serious investors. To have convened this meeting to replace the current directors must be therefore a done deal? IMHO |
Posted at 04/6/2009 10:53 by fairdeal2008 Nice initial resource $1 billion of contained metal (nickel) and plenty of resource expansion to come with drilling and further exploration.So we know that Lithic now has an exciting Nickel project on its hands in Togo to complement: - Nickel in Mozambique, and; - uranium projects in Zambia. They are building a hugely exciting portfolio imho. Current market cap does not reflect this. (90% of stock held by top 20 investors, so there is a tiny amount of free stock (about 6-7 million shares). Therefore with a little buying this will rocket (as it did in 07 moving from 4p to 15p in a few days). One to be in given the increasing interest in Nickel and Uranium (its the latter that most excites me still). imho |
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