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LMY Lithic Metals (SEE LSE:AFNR)

2.375
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Lithic Metals (SEE LSE:AFNR) LSE:LMY London Ordinary Share BMG5504H1051 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 2.375 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Lithic Metals (SEE LSE:AFNR) Share Discussion Threads

Showing 476 to 499 of 775 messages
Chat Pages: 31  30  29  28  27  26  25  24  23  22  21  20  Older
DateSubjectAuthorDiscuss
22/9/2009
11:53
Just bought 100k for 3.26p, bargain
themoneymonster2
22/9/2009
10:35
Uranium set to be in big demand.

Nice RNS for URU.

induna123
20/9/2009
19:30
Have a look tell me what you think?



My own view is that Dattles has asked Van Hoeken to buy the Niger stake as it disguises his later intent in the EXT/KAH/PRL/URU/NWT/regent/Red Dragon saga. He is building up as many stakes as possible through personal and business interests so he can control the EXT play. I also think that he eventually wants ownership of URU when the EXT play has finished.

IB

inside building
20/9/2009
14:14
Inside Building 468

That's the one. Might it be them? They could use LMY's cash to buy more of EXT/KAH/URU whatever, and when URU pays out the expected dividend on sale of EXT, the cash could be used to develop and add to LMY's projects.

zangdook
20/9/2009
09:08
Zangdook,

I think you mean the ex Polo executive who bought this via Amber!

5 June 2009


NIGER URANIUM LIMITED


("Niger Uranium" or "the Company")

Holding(s) in Company

The Company was notified yesterday that on 3 June 2009 Amber Petroleum Limited purchased 12.2 million shares of Niger Uranium representing approximately 10.8% of the issued share capital of the Company.

IB

inside building
18/9/2009
14:27
Has been very quiet here.Maybe all possibilities have now been exhausted.
imperial3
18/9/2009
14:22
Apologies for vagueness
Wasn't there a private company that took a chunk in one of the EXT family a few months ago? I've forgotten which, or what it was called, but it was also Dattels-connected.
Could that be it?

zangdook
17/9/2009
16:41
Why not indeed? Fortune favours the brave.
imperial3
17/9/2009
16:19
good opp to top up!
kiwimonk
17/9/2009
16:12
Maybe impatience has got the better of some investors,and moved on elsewhere.Personally,I shall take that chance,and see what the new board are up to.I believe,we shall not have too long to wait,imho.
imperial3
17/9/2009
14:56
Hence my name, everytime I dabble or take a punt the inevitable happens ;-)
downturn
17/9/2009
14:41
oh dont worry intraday movements meaningless imho
fairdeal2008
17/9/2009
14:41
oh dont worry intraday movements meaningless imho
fairdeal2008
17/9/2009
14:31
Hmmm....down 12.5%, do people know something I don't???????
downturn
16/9/2009
17:11
Yet another very quiet day! No deals at all on LSE and just two of PLUS :-

Trade Date Trade Time Price Volume Type Considerations
16/09/2009 10:20:14 3.50 40,000 NB 1,400.00
16/09/2009 09:35:58 3.99 31,114 O 1,241.45

lizzie ii
16/9/2009
09:14
Interesting article taken from the Polo Res thread.

encarter - 16 Sep'09 - 09:50 - 4918 of 4945


The Injuns are coming.

Tue, Sep 15, 2009
Featured Article, Uranium Articles

By Melissa Pistilli-Exclusive to Uranium Investing News

A look at India's latest agreements with uranium-rich nations around the globe and China's swooping up of yet another uranium miner paints a telling picture of the frantic race to secure long-term supplies for a new generation of nuclear power plants.

Both India and China have plans to aggressively ramp up their nuclear power generation over the coming decades, and the domestic supplies of both Asian nations are insufficient to meet demand.

At present, China has 11 operating reactors, 16 in the works and 35 others planned over the next decade. The Asian nation is seeking to expand its nuclear capacity from the current 9 GW to 86 GW by 2020. To do this, it will need to rely on imports of foreign uranium as its domestic supply doesn't even come close; hence, its aggressive campaign as of late to acquire uranium mines around the world.

India has 17 operating reactors, six under construction and an additional 23 expected to begin production over the next decade. By 2030, the country may be producing as much as 60,000 megawatts of nuclear energy, according to government figures.

The uranium produced from India's Jaduguda mines in Jharkhand is not enough to satisfy even current demands and attempts to access uranium from other known Indian ore bodies are still in the early exploration phase.

India's Global Uranium Plays

Since the three-decade long ban on uranium exports to India was lifted in September of last year, energy-hungry India has been making uranium and nuclear agreements with Russia, France, Kazakhstan, Niger, Namibia and the US. Negotiations with Canada and Brazil are on the table as well.

It's reported that India's state-run Nuclear Power Corp is planning to spend over $1.2 billion to purchase equity in foreign uranium mines.

India and Mongolia entered into an agreement for civil nuclear cooperation this week that will give India access to Mongolian uranium. In return, Mongolia will receive a US$25 million loan from India.

According to the World Nuclear Association, Mongolia has about 62,000 tonnes of recoverable uranium reserves. Of course, India is competing with China, Russia and Western miners for a piece of that pie.

Last week, the former Soviet Union nation of Tajikistan agreed to let India explore the known uranium deposits within its borders. India faces competition from Russia and China who are already exploring for uranium in Tajikistan.

Earlier this month, India signed a nuclear cooperation agreement with the world's fourth largest producer of uranium, Namibia. Under the agreement, the African nation will supply uranium to India in return for help building nuclear power plants. But, the agreement doesn't allow India to explore for uranium.

Russia, France and China are also working out uranium deals with African nations such as Namibia and equally uranium-rich Niger.

Canadian Giant Eyes Indian Market

India and Canada are now hammering out a nuclear cooperation agreement that is expected to be completed within the next six months, says George Assie, Cameco Corp's senior vice-president of marketing and business development.

Cameco announced recently that it is planning to open a marketing office in India next month.

A nuclear cooperation agreement would be mutually beneficial to India, Canada and Cameco. Canada was the world's largest uranium producer in 2008. Cameco is the world's biggest publicly traded uranium company and the world's second-largest producer, accounting for 15 per cent of global uranium production for 2008.

The Canadian company is anticipating a tripling in demand for uranium from India over the next 15 years. "We expect India to be the fastest growing market in the world after China and it is a market where we expect to conduct significant business," said Assie.

Cameco's India office will be headed by Chaitanyamoy Ganguly, who has held senior positions at the IAEA and India's Department of Atomic Energy.

For now, Cameco "isn't allowed to conduct any business" in India until the nuclear cooperation agreement with Canada is signed, said Rob Gereghty, Cameco manager of External Communications.

China's Uranium Strategy

Rather than forming agreements with uranium producing nations, China's uranium supply securing strategy involves buying stakes in uranium mining firms.

The latest acquisition was made by state-owned China Guangdong Nuclear Power Corporation (CGNPH), which has offered Energy Metals Ltd US$71.6 million for a 70 per cent stake in the Australian uranium explorer.

Energy Metals management and 40 per cent shareholder Jindalee Resources have recommended shareholders accept the offer, which is equivalent to a 60 per cent premium over the average stock price of the last three month.

"The board believes that CGNPC's financial resources, technical expertise and strategic intent to develop its uranium resource portfolio will greatly assist Energy Metals in its transition from explorer to developer and producer," said Energy Metals' chairman Oscar Aamodt.

The firm has eight projects in the Northern Territory and Western Australia. Its most important project is the Bigrlyi mine (54 per cent Energy Metals and 42 per cent Paladin Energy), which is in a scoping study phase and expected to commence production within three years.

Australia has become a hunting ground for China as it looks to grab up any available resources it can, especially uranium.

But while the Australian government's refusal to enter into uranium trade agreements with India may keep out one big energy-starved competitor, China still faces resource acquisition competition from another Asian nation, Japan, whose electricity companies are also aggressively picking up global uranium assets. Remember the $518 million deal with Rio Tinto for its Kintyre uranium deposit in Western Australia last year and the joint venture agreement between Mega Uranium this year.

induna123
16/9/2009
08:38
Since my Polo shares seem to be doing well at the mo (probably kiss of death) took a small punt of 31k of shares in these. Fingers crossed
downturn
15/9/2009
17:40
Lizzie,

Condor is in a situation with the El Salvador government as they are refusing to issue environmental permits to all miners. Without repeating what i have written on the iii board. Have a look i think something will happen sooner rather than later!

IB

inside building
15/9/2009
16:13
Lizzie- sitting and waiting, I'm happy to be patient on this one
jester jim
15/9/2009
14:47
Wow, this share has gone extremely quiet! No deals today on LSE, and only 2 on PLUS :-

Trade Date Trade Time Price Volume Type Considerations
15/09/2009 14:41:50 3.50 3,506 NB 122.71
15/09/2009 14:12:36 3.99 30,561 O 1,219.38

Hopefully the peace before the storm!

lizzie ii
14/9/2009
14:19
Well Im in for a bit of a punt, lets see what occurs....
jpsmithson
14/9/2009
14:09
There are now 4 market makers in place, was 2 three weeks ago...
fairdeal2008
14/9/2009
10:53
IB.Conder Resources.Seems to be political problems there.
imperial3
14/9/2009
10:42
Interesting theory,posted on 3i,about a tie up with Denison Mines.
imperial3
Chat Pages: 31  30  29  28  27  26  25  24  23  22  21  20  Older

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