Ly Emu Small Discussion Threads

[borisimo] 21/3/2011 19:12

From :

Mexican fluorspar expansion delayed due to hurricane impact.

Mexico's second largest producer of fluorspar, Flurita de Mexico SA de CV will not increase production of acidgrade fluorspar this year as planned due to the ongoing impact of Hurricane Alex.


P.S. Presumably the admission document could be as around 11 days away?...but that would be right at the beginning of the second quarter..

[suits you] 19/3/2011 23:23

godolpin

Here is the original RNS back in Apr 06 for the acquisition of Doornhoek by Camec, they actually bought 51% of Nelesco 346 (Pty) Ltd.



and notice the deal was only made final in Sep 09, whilst Camec was in the offer period.



Whilst this has currently nothing to do with MMS, it may be a very attractive addition, being right next to Witkop and could be on that list of identified targets that Linnell mentioned but was unable to elaborate on. Just idle speculation.

Nelesco 346 Pty became SA Fluorite Pty Ltd

[suits you] 19/3/2011 21:47

Yep, one could say P.E. was able to apply 'spin' on or off the field and his slow left arm, was not that slow, to grab the money from ENRC :-))

[godolphin] 19/3/2011 11:09

There we have, so the plan was to mill 1.5m tpa. And set up in 2 years. Though I think anything Phil Edmonds said should be taken with a pinch of salt.

[godolphin] 19/3/2011 10:51

I can't see ENRC developing Doornhoek in the short term. I wonder who owns the other 49%. The scoping study showed 30-50m tonnes but those figures of 1.38m tpa are absurd, I wonder if they've misread metric for millions somewhere in the calculations! Unless they mean processing and hence just 10-20% of that will be fluorspar. Perhaps ENRC would consider a deal to develop zinc/lead in Tunisia and give Doornhoek to mms for a few shares.

[devil20] 19/3/2011 10:39

Thanks suits. Too lazy to do any work on such a small holding! One of those we hope will finally come good to some extent.

[suits you] 18/3/2011 21:59

Publication of an AIM document in relation to the RTO transaction of Sallies, it is here, in last RNS. Incorporating of course the purchase of 20% of Kenya Fluorspar from Firebird.





That is what we know at the moment but we also have



"Linnell said Davidoff's appointment would help Maghreb realise its strategy of consolidating Firebird's fluorspar interests to enable the company to develop critical mass in the international fluorspar sector"

........ and of course there is the article that they have identified other assets but would not be appropriate to reveal details at the moment.

Will leave you with a little work to find that one. Just read previous posts on this board.

[devil20] 18/3/2011 21:29

Lost it a bit on this one gents...what are we waiting for now? Any update appreciated.

[suits you] 18/3/2011 20:54

Can anyone dig up any recent info on the Doornhoek fluorspar project in SA. This is adjacent to Witkop, 51% once owned by CAMEC who in turn got bought out by ENRC/





CAMEC was one of Phil Edmonds little ventures







At the moment cannot see what ENRC has done with the fluorspar assets although ENRC's website clearly mentions, CAMEC's copper and cobalt projects.

IF (and a big IF) any additional assets to be sought in SA, then this would be ideal, right next to Witkop.

Will be interesting to see if there is any up to date info on Doornhoek.

Doornheok gets a mention here listed as assets from CAMEC



It looks like it is still at the 'development prospects' stage unless anyone knows different.

[godolphin] 17/3/2011 21:09

There's only 3 mines in SA of any size. The biggest is Vergenoeg which is often called the biggest single fluorspar resource in the world. Pity mms can't get their hands on it, but I would imagine the SA authorities would have some sort of competition worry and with the price increasing the new Spanish owners would never let it go.

[suits you] 17/3/2011 20:59

[PDF] FLUORSPAR File Format: PDF/Adobe Acrobat
subsequent fluorspar

www.bgs.ac.uk/downloads/start.cfm?id=1405

copy and paste above link to explorer on similar

A very interesting document

SA has the highest reserves in the world at 41 million tonnes. ( page 8 )

[borisimo] 16/3/2011 23:32

Also

From

Q&A: Why are PTFE Teflon prices going through the roof?
Posted by Dave Biering on Wed, Mar 09, 2011 @ 12:58 PM

All of us in the fluoropolymer business are suffering what could be called a perfect storm of bad news! First, the raw material situation. One of the key ingredients in the processing of fluoropolymers is a mineral called fluorspar. This is a material that is critical in the production of not only fluoropolymers but pharmaceuticals, hydrofluoric acid, refrigerants and any other product that requires a fluorine based stock. China controls most of the worlds resources on this mineral and it became part of a war of words and ultimately manipulation in the world market. Countries, including the USA, are now scrambling to reopen old or open new mining resources of this critical mineral. So this shortage, as well as a worldwide surge in demand for fluoropolymers and a reduction in processors of the PTFE resin, all leads to this very difficult situation. The bad news is there is no end in sight. The EU has declared fluorspar to be on it's worldwide shortage list until 2030. So we all will have to deal with this out of control pricing escalation for years to come. Best if you call Tri Star and place blanket orders for your requirements for the future!!

[borisimo] 16/3/2011 23:23

Mexican Fluorspar prices up 6% in Global Demand.

[grazzer] 14/3/2011 15:27

Hmmm, good news for the Mongolian Stock Exchange :

MillenniumIT, the leading global exchange technology provider, will provide trading and surveillance infrastructure to the MSE.

Wait a minute, isn't that the mob ...

[suits you] 14/3/2011 07:35

Was coming from the view point that the world's largest producer of Hydrofluoric Acid (Honeywell) would hopefully be willing to do business again with Sallies (under MMS mananagement) despite past contract issues. Agree the signs would look good as they were willing to sell their shares to MMS and a good move by Firebird.

Will have to see how those last few persistant shareholders react to the offer proposed by MMS. Firebird did not quite manage to get control last time but now the remaining shareholders have the chance to swap Sallies paper for MMS with the added bonus of "critical mass".

On the point of critical mass, notice Sallies was also talking about critical mass about 2 years ago,



Think were are fortunate that Firebird wanted the Fluorspar assets listed on AIM and not on the SA JSE, by the look of it they may have been weighing up both options. Probably AIM is better suited for raising new monies and a recent tie up with the LSE and Mongolian exchange may have been a consideration as it could assist, should Firebird's Mongolian assets being heading our way, at some stage in the future.

[godolphin] 12/3/2011 10:27

Honeywell must have agreed to the issue shares/maghreb buy deal. Nice plan by Firebird since it gives mms an extra few percent that makes it easier to get to the magic 90%. With old companies like Sallies there will be a lot of absentee shareholders so it could be vital.

[suits you] 12/3/2011 09:32

Lets hope fences are mended with Honeywell ( ex Sallies debacle )

Would assume they are.

MMS through Firebird negotiations (speculation) bought the Sallies shares from Honeywell, that were accepted as settlement from the legal dispute between Honeywell and Sallies.

[suits you] 10/3/2011 21:32

AD Process Strategies is a technology, trading, sourcing and project company with focus on fluorine and other mineral processing technologies and businesses



See Projects, Project Promotion & Investment Opportunities, Fluorspar mining and flotation mill in Morocco up for sale. Wonder if Passin and Davidoff have had a look.

EDIT

Possibily this one, nothing else found.

target='window'>http://translate.google.co.uk/translate?hl=en&sl=fr&u=

Interesting to see what AD Process Strategies does and that they have grouped Firebird's investments together, although in Canada Fluorspar and KFC they only have minority holdings (at the moment) and we don't know for sure what holding Firebird has in Berkh-Ull.



EDIT

BTW it would appear Canada Fluorspar does not have a Firebird rep on the board but note Norman Wilson past connection with KFC



Can only speculate that perhaps through Firebird involvement, they have all been/are customers of Adpro-stg. Otherwise seems strange that at the moment they are all grouped together under the heading Firebird Management LLC.



These pages provide some informative research





Recurring throughout recent statements from the Co is " strategy of acquiring significant assets in the fluorspar sector internationally to enable it to develop critical mass in the sector "

Think 'critical mass' is the factor here.

[godolphin] 10/3/2011 14:18

Least it's not one of Firebird's holdings. I wonder if other Chinese companies have exaggerated their mines. Maybe there's a lot less fluorspar in them there hills!

[dreggspicker] 10/3/2011 13:30

they claim fluorite is not a "rare" mineral in that last link, but at around current prices it is "rare" to find a economic deposit!....

[godolphin] 10/3/2011 11:55

Shen Zou has been falling and this is the reason.



"Management has exaggerated the size of its mines", I wonder if that's the fluorspar mines.

[dreggspicker] 10/3/2011 11:36

judging by the recent drops on my other holdings in the last few days, I could do with all of them being suspended at the moment.........