Newriver Reit Share Discussion Threads

[harry punter] 26/8/2006 13:43

have a nice bank holiday punters



regards harry and the boys in dark glasses \o/

[mark p] 22/8/2006 08:13

Have a look at Mcap 74m GBP BP taking a Joint Venture stake...

[bocont79] 21/8/2006 17:55

Take a look its worth it:

[andico] 21/8/2006 17:23

So who knows anything about palm oil or biofuel? This is a whole new area for me. Comments anyone?

[mdchand] 21/8/2006 16:30

oh well know we know why its been moving up recently.........

[andico] 18/8/2006 16:32

Interesting! What's with the bounce this afternoon? I wonder what's in store for us next week?...

[pembury] 11/8/2006 09:41

i think the michael frayne bit may have something to do with recent events at Irvine Energy plc (ive). as well as nrr.

[andico] 11/8/2006 09:37

The story below contains some relevance for fellow NRR holders. Seems that our Chairman, Michael Frayne, was at Toledo's party. Of the mining personalities that attended, he was referred to as one of the "serious players" - which gave me some confidence. More interesting though, is this extract:

"...Michael Frayne is working on a couple of projects that London will hear more of in the autumn".

I like the sound of that. I've been getting impatient due to the lack of newsflow, but this reassures me that our man will not disappoint us.



Toledo Mining Looks For Early Cash Flow From Berong Nickel Project

By Jack Hammer

Toledo Mining threw a party a couple of weeks ago, in part to introduce chief executive George Bujtor to some of London's more familiar faces. George has only been on board with Toledo since last November, so his expression goes diplomatically blank if he's asked about the drift and lack of direction that characterized Toledo before it took majority stakes in its nickel properties in the Philippines. Back in 2004, all the talk was of the company's Carmen copper project, but that's now been quietly dropped. Indeed Mr Bujtor hadn't even heard of it. So it's nickel all the way now, and at the party in Mayfair, an area well loved by London's mining financiers, Toledo's past wasn't up for discussion.

With metals prices at these levels, though, plenty of people were prepared to talk about a rosy future. The same old China story was trotted out, but nay-sayers about the Supercycle are thinner on the ground these days. Mingling among the hangers-on a few serious players schemed away, among them Willie West, John Byrne, Michael Frayne, Charles de Chezelles, and of course Toledo chairman Chris Kyriacou. Mr Byrne got busy the following week, putting a credit facility in place for Cambrian Mining to enable it to support corporate activity at investee companies Aztec, Western Canadian and Cambrian Oil & Gas. And following his departure from Asia Energy, and in between caring for his ever-growing family, Michael Frayne is working on a couple of projects that London will hear more of in the autumn. Meanwhile Mr Kyriacou remains the London face of Toledo, and he's not stingy with champagne or Pimms for those who are prepared to hear the story. This week though, London has been getting to know Mr Bujtor.

Mr Bujtor spent 22 years at Rio Tinto, and, following his appointment to Toledo has recently relocated to the Philippines. And almost as soon as he joined Toledo a programme to take samples from 30 year old pits on its Berong nickel laterite project on Palawan Island got underway. So far over 8,000 samples have been taken from old pits, and nearly 6,000 samples from new ones. According to Mr Bujtor that has confirmed Berong as the fourth largest undeveloped nickel project in the world. The current estimate is that Berong contains over 140million tonnes of ore at around 1.41 % nickel and 0.07 % cobalt, although a JORC number is not yet available.

Nonetheless the company has enough of Berong delineated to be confident enough to do a 40,000 tonne bulk sample, ready to go once a tree-cutting permit has been obtained. If all goes well with that the initial plan is for production of around 1million dry tonnes per year to ship out to the Chinese market. It's a simple enough operation, according to WH Ireland analyst Louise Collinge, who visited Berong in June. A former quarry worker herself, she likens it to a simple sand and gravel operation: "you literally pick it up and put it in the dumper". She's not the only UK analyst to look favourably on Berong. "If it works," says Charles Kernot over at Seymour Pierce,
"particularly against the background in the nickel market, Toledo is an interesting play on nickel". Being an experienced analyst he adds a caveat, though: "assuming, that is, that it moves forward and gets itself into production next year".

Tree-cutting permits aside, there doesn't seem to be much standing in Toledo's way now. Following an £8.5million placing in March there's money in the bank to get the project rolling, and according to Louise Collinge that money's already being deployed: "The road has been tidied up, they're organizing the jetty, they're organizing the buoys". Some work has still to be done. A private road from the project to the coast isn't yet built, and there are also plans to install an atmospheric leaching system on site eventually. But even on the current set-up shipping the ore as it comes, Mr Bujtor is confident of generating over US$1million net per shipment for Toledo, with several shipments per year. Just how many shipments there are depends on ongoing meteorological studies, but with nickel at nearly US$26,000/tonne, the company's best hope – that it can ship all year round – looks an attractive scenario.

[andico] 09/7/2006 15:42

This is taken from Minesite.com's weekly roundup of the movers and shekers in the mining sector:

"The biggest riser of all was Nardina Resources (AIM: NRR), shares in which were up 39 per cent to 4.3p. Nardina is a cash shell chaired by Michael Frayne, formerly of Asia Energy. The company floated in February, same as China Goldmines, and raised £3million, but has made no acquisitions since then. Its shares have drifted for a while, but are now at around their listing price again thanks to rumours of a deal... at last."



What rumours would they be then? Can anyone elaborate?

[harry punter] 03/7/2006 12:43

starting to firm up now --i am surprised they are down here at 4p --after todays news re -irvine -imho the NRR shares should be trading around the 6-8p level as news sinks in \o/ just a view on improving sector sentiment dyor

[harry punter] 03/7/2006 09:18

NRR --nardinia resources is in the line up for a deal very soon --well worth a punt at 3.5p

harry punter - 3 Jul'06 - 08:43 - 300 of 301 edit


Michael Frayne was a director of Asia Energy . irvine and nardina are both going to be his future. look what he did at asia . i am hearing on the grape vine we could hear pretty soon about the deal being reversed into irvine

harry punter - 3 Jul'06 - 09:15 - 301 of 301 edit


nardinia are well worth a punt now for a quick 100% turn --i am surprized the market hasnt picked up on this yet -- mind you the market makers in the stock today are only kids and button pushers --they are not like the old jobbers - these clerks havn't really got a clue --

[spiv 1] 06/6/2006 15:41

Yep, big buys on a down day. Always a good sign.

[spiv 1] 06/6/2006 15:41

Yep, big buys on a down day. Always a good sign.

[mdchand] 06/6/2006 15:33

just noticed 2 buys at 1m.........someone is clearly very confident about the share's future prospects (and no it wasnt me)

[din007] 02/6/2006 13:42

I went in on Brinkley Mining PLC and Ithaca Energy Inc.

Both sound good but am more interested in Brinkley as I'm building up a Uranium\Nuclear portfolio.

Recently I purchased (INS.LSE) International Nuclear Solutions PLC at an average price of 42.6p per share.

[spiv 1] 02/6/2006 13:23

Me too. Was hoping to sell on float to pay for Brinkley and a load of others. Just spoke to Cornhill about it and the view is that they will drill over the summer to get more info to confirm resource size, quality etc so that it is likely to be less speculative and hence to do better on float. You going for Brinkley? I'm in for just a few. Looks great long term but not sure how it will get away. It floats on Monday.

[din007] 02/6/2006 11:11

Bummers, I`ve got alot on monies in Belitung Zinc.

[spiv 1] 02/6/2006 08:25

I've been told by Cornhill that the Belitung float has now been delayed to late summer, ie August or September. I understand it was on the advise of their broker W H Ireland.

[din007] 01/6/2006 20:42

Does anyone have any news on when Belitung Zinc Corporation are planning to float?

[pembury] 31/5/2006 16:13

is this part of ive as well. i think both run by michael frayne?.