Plastics Capital Share Discussion Threads

[jonno1] 27/11/2006 07:40

what Uranium play, would you go for here Ash?

[mr ashley james] 27/11/2006 00:52

Yikyak,

Backtest of previous AU$1.37 support before break out?

[mr ashley james] 22/11/2006 13:06

Jules,

I think we have a conclusive chart break out on AIM:PLAA following on from ASX:PLA Close at high on Bull Candle.

What I reckon is that Mines and Money should put Platinum Australia Limited on map with UK Institutions.



Clear Back test of AU$1.16, previous Wave I Resistance effectively into May 2006, then up she goes.

It should clear out the AU$1.40 to AU$1.55 NPV ex full KALPLATS numbers which I think will start getting released from now onwards it looks like Drilling programme there is going to be enormous and therefore consistant exploration numbers building picture.

I am trying to find out the Latest ASX:AQP NPV so I can calculate Ratio of NPV it is trading at, but I would expect at least 200%

Most of British public has never even heard of PLAA, so once awareness gets up to Aquarius Platinum Plc type levels I think we should just see increasing liquidity daily.

So far so good anyway.

It looks like Platinum may have finished 50% FR at US$1,216.50 of US$1,138.00 to US$1,295.00 move, if so Reckon next target US$1,321.00 area on Wave V



What we need to see next is Platinum and Palladium moving up on NYMEX Open then UKK MMs will start walking price up again.









All IMHO, NAG, DYOR etc

Cheers

Ash:)

[justjules] 22/11/2006 07:56

morning ash
I have a small window today to trade. Things still fraught here.
Am so sorry I missed the presentation but after reading all your input, it sounds soooo exciting.
Thanks for all the work
Jules

[mr ashley james] 22/11/2006 02:46

Charlie,

En verge of Chart Break Out again on ASX, I am redoing my figures having spent hours reviewing presentation, KALPLATS seems to be known 7km mineralised length out of key 12km Length of various Orebodies ie 58.33% is known of strike length, the problem is faulting and offsets has moved orebody to right mainly or left of roughly North North East to South South West Strike.

Orebody seems to from known data vary from 40 metre to 80 metre overburden.

Whilst I am pretty confident over time ASX:PLA will infill faults offsets I am still forced to review my numbers, Enthusiasm and belief in this project being significant.

We seem to have North West to South East Directional strike in South but much more North North Easterly to South South Westerly strike in South.

I notice Aero Magnetics keep on bringing in parrallel Reef Structures that have yet to be drilled that may or may not be PGM Bearing.

I was utterly amazed by number of Drill Holes ASX:PLA and presumably Harmony had put into the structures and yet how much more needs to be drilled over the future exploration seasons.

Key issue may well turn out to be Drill Availability although ARM undoubtedly have the muscle to corner as many as might be needed this is a collossal undertaking.

I found Gerome Gilham's Walkthrough Software of Orebody's Awesome but so usefull to understand what we were trying to achieve here.

The Plant Design, the Three Dimensional view of Smokey Hills was incredible.

If Institutional Investors aren't Impressed after ASX:PLA Present at 11.00am today at Mines and Money I will be amazed, because I think the presentation was the best I have seen in 7 years of looking at mining stocks.

Interesting day I am simply not convinced most in City know the Platinum Australia Limited story yet.

It will be interesting how many grab their mobile telephones at 11.30am and instruct their brokers to buy.

I am expecting record AIM:PLAA Volumes this week, this stock is still seriously unknown Up Over.

All IMHO, NAG, DYOR etc

Cheers

Ash:)

[mr ashley james] 21/11/2006 08:16

Penrose,

You and your Mrs seem to be slightly scared of Aussie Platinum Stocks could you please explain?(;-)0

Baffled

Cheers

Ash(;-)0

[mr ashley james] 21/11/2006 02:42

Jules,

Sorry you missed it, we missed you, and would have loved to have bought you a Wake Stubby or Ten, I hope you and your family are well!

John Lewins gave one of the best if not the best Mining Presentation I have seen since Clive Newall of First Quantum Minerals Limited TSE:FM LSE:FQM gave one to High Net Worth players in 2001.

I am going to sensitise my numbers above for faulting and offsetting by roughly 40% drop tomorrow as a result, but if a Cyncline Structure with Multiple Reefs questionable whether I should, noting I am using 1,000 metres not 3,000 metres depth and the existance of multiple POSSIBLE Reefs to West and East of Key UM and surrounding structures in 40 metre known central orebody.

The Three Dimensional Run through of their Projects and Dimensions was a Complete knockout, extremely professional.

This stock never disappoints, but just consistantly seems to raise the bar, having like First Quantum Minerals Limited TSE:FM and Aquarius Platinum Limited ASX:AQP, JSE:AQP and LSE:AQP never dissappointed on a single aspect.

Management team impressive, presentation, probably the best I have ever seen a mining company give.

As you are well aware added last week on pullback!

Awesome 3d Software Walk through on their Projects, utterly superb!

The best, well the rest I feel will be history.

All IMHO, NAG, DYOR etc

Wishing you the best and hoping we can get together soon for several!

Cheers

Ash:)

PS Did my best to make Capn Tubs Tubby!(;-)0

[chartsmart] 20/11/2006 21:55

Platinum gained the most in more than six years in London on concern demand for the metal used in car catalysts and jewelry may outstrip supply. It was the second-biggest move of any commodity worldwide.

Supplies of the metal also used in electronic devices such as iPods and computer hard disks will rise 5.3 percent to a record 7 million ounces in 2006, Johnson Matthey, the world's largest distributor of platinum group metals, wrote in a report on Nov. 14. Demand will increase 5 percent to a record 7.02 million ounces, leaving the market with a supply deficit of 20,000 ounces, the London-based company said.

[mr ashley james] 19/11/2006 15:58

Yikyak,

Definitely looks to me as if backtest of previous resistance now support is complete at AU$1.16 ish, and Trend Channel fairly well confirmed now.



It is going to be interesting how John Lewins elaborates on Drilling Plans Metreage planned on KALPLATS and in depth Geology this week.

All IMHO, NAG, DYOR etc

Cheers

Ash:)

[mr ashley james] 19/11/2006 04:54

Noirua,

Thanks for the link been checking it out, looks impressive, indeed as I have London Mines and Money Conference where ASX:PLA AIM:PLAA will be presenting at 11.00am on Wednesday 22nd November 2006 plus have a booth for both days Tuesday 21st November 2006 and Wednesday 22nd November 2006.

Refer here:-



I guess the sensible money buys before the event.

All IMHO, NAG, DYOR etc

Cheers

Ash:)

[noirua] 19/11/2006 02:46

Good for Aussie Chart information and much more.

[mr ashley james] 18/11/2006 23:24

Maximoney,

I should have been using a correct Specific Gravity of 4.40 to 4.60 Mt per M3 as opposed to 3.00 Mt per M3 so will need to increase my numbers by roughly 50% next week on KALPLATS.





PYROXENITE, a rock consisting essentially of minerals of the pyroxene group, such as augite and diallage, hypersthene, bronzite or enstatite. Names have been given to members of this group according to their component minerals, e.g. pyroxenite (augite), diallagite (diallage), hypersthenite (hypersthene), bronzitites (bronzite), websterite (diallage and hypersthene). Closely allied to this group are the hornblendites, consisting Crystals have the form of hexagonal plates bounded at their edges by faces of a hexagonal prism and pyramids, which are deeply striated horizontally. More frequently, however, the mineral is massive, with a laminar or granular structure. The colour is bronzeyellow and the lustre metallic; the streak is greyish-black. The hardness is 4 and the specific gravity 4'58-4.64. The mineral is magnetic, sometimes with polarity, and it is therefore often called "magnetic pyrites." Pyrrhotite occurs in metalliferous veins, and as grains and plates disseminated through various rocks. In the gabbros and norites of Norway and Sweden it has been concentrated by magmatic differentiation at the margins of the igneous masses. Large bodies of massive pyrrhotite occur at Bodenmais in Bavaria and in Wheal Jane near Truro in Cornwall. Crystallized specimens are from the metalliferous veins at Morro Velho in Brazil, Kongsberg in Norway, and Andreasberg in the Harz. Crystals of pyrrhotite have also been observed in meteoric stones; but iron sulphide appears more commonly in meteorites, especially in meteoric irons, as troilite (FeS), which, if really distinct from pyrrhotite, has not been met with in terrestrial rocks. (L. J. S.)

I understand Olivinite is also circa this 4.40 mt per cubic metre range.



Chromites come in at Specific gravity 4.5 - 4.8



So I have definitely underestimated my figures by pretty much minimum 50% to possibly as much as 60%.

NB The actual width of the whole PGM Bearing Reef System is in fact up to 40 metres and I believe at current PGM Prices the whole structure is Open Pit Mineable even at grades of 1.42 g/t PGE over 35 to 39 metres width.

Right now we know we have 5.89m at 5.38 g/t PGE, 9.95m at 4.57g/t PGE and 7.00 m at 4.86g/t PGE

I am going to increase my minimum widths from 12m at 3.60g/t to 22.84m at 4.87g/t potentially, but I still think that in reality the lack of major overburden, low strip ratios etc make this entirely viable open pit down to at least 200m to 250 metres, and question whether with Bulk Mechanised mining equipment and a basket price above US$790 per Troy Ounces 1.42 g/t works across whole reef section ie US$36.07 per Mt Rock as opposed to high grade sections to 4.57g/t to 4.86g/t to 5.38 g/t where rock grades probably exceed US$116.07 per Mt to US$123.44 per Mt to US$136.65 per Mt even using US$790 per toz, ie US$25.40 per gramme average PGM prices?

This is going to take 18 months to drill out all 50km to Inferred Resource at least and probably 5 years to drill out all of it to Measured and Indicated Resource and Proven and Probable Reserves perhaps, but not more than 2 years to define what already looks to be sufficient Proven/Probable Reserves to support 5 years production and to start mining at an impressive scale of 280,000 toz pa from late 2008 early 2009, so can not see the catch myself.

All IMHO, NAG, DYOR etc

Cheers

Ash:)

[chartsmart] 17/11/2006 17:03

Hi Ash, would like to see the presentation too if possible e-mail sent cheers. Maximoney1 you can try TDW for ASX I think.

[maximoney1] 17/11/2006 16:22

Damn, selftrade dont appear to cover the ASX, do you need to trade thro direct access or any reccommendations ? (ive always just stuck with a couple of online dealing acc's) :-(

Apologies for the amatuer questions.

maxi.

[maximoney1] 17/11/2006 16:15

Many thanks for your response ash.

cheers
maxi.

[mr ashley james] 17/11/2006 15:54

Maxi,

Yes Platinum Australia Limited ASX PLA ie AIM:PLAA can be bought in an ISA as it is Full Board Australian Stock Exchange primary listing it is only listed on AIM as a dual secondary listing thus is ISA able and therefore can be traded Tax Free is an ISA.

BTW My revised minimum next target is AU$1.8845, with C Wave going Impulse above AU$2.00

Because this breaks AU$1.81 I can be pretty certain this Beta Wave sequence can not end lower than AU$2.86 so have upgraded short term targets accordingly

Advantage of buying on ASX is tight spread normally AU$0.005 to AU$0.01 ie 0.20p to 0.40p approx, liquidity, and far stronger Resources market/more experienced Mining Culture.

Unlike in London Mining brokers/analysts in Australia, as in South Africa and Canada know what they are talking about.

Direct access market, more transparent and none of this scummy market maker system with rubbish Normal Market Size, huge spreads and high brokerage levels.

Just no comparison.

All IMHO, NAG, DYOR etc

Cheers

Ash:)

[maximoney1] 16/11/2006 18:52

Cheers Ash.... email sent.

[mr ashley james] 16/11/2006 18:19

maximoney,

If you or anybody else wants a copy of latest PLA October 2006 Presentation on ASX:PLA AIM-PLAA send me an email with your BB log on in subject matter and I will email you a copy

[e-mail]

Yes I think your labelling should be correct it is a BETA Wave, rushing to dinner will look at it in detail and comment tomorrow.

Cheers

Ash:)