..which a few of you were when discussing LND's recent price rise in the "Movement" thread. Does anyone know anything about Lamune being listed? As I understand it, at present it is not listed and cannot be traded?
I thought that I should add the above was a 'tongue in cheek' statement - just in case anyone thought otherwise - But there is 'rarely smoke without fire'.
So either good news about to be announced or someone strategically positioning themselves to get in front of future demand - whether that's in 6 minutes or 6 months remains to be seen - possibly a combination of both - LOL.
Well, that last trade was mine. Would only take a negotiated trade and took 5 minutes to get settled and when it came back, they'd spiked the price to 7.5/7. A little more than I hoped to pay but moving the price so much for a relatively small trade has to be a good thing ... Well that's what I'm telling myself anyway. But updated resource analysis due Q4 and we're now half way through Q4 .....
China iron ore output at 11-month high; rebar at record
Mon, 22/10/2012 - 03:41
SHANGHAI (Reuters) - China's iron ore production hit its highest in 11 months in September, official data showed on Monday, as a rebound in prices of the steelmaking raw material encouraged small privately owned miners to resume output.
Chinese iron ore output is being closely watched as higher iron ore and steel prices since early September have been linked to a drop in production by higher-cost, small miners.
But the increased output is unlikely to cut China's reliance on imports, given the low grades of domestic iron ore. Raw iron ore in China has about 15 percent iron content on average compared to around 60 percent for material found in Australia and Brazil.
China, the world's top iron ore buyer, imports about 60 percent of the globally traded steelmaking raw material.
September's output of 129.06 million tonnes of ore was an 11 percent rise from August and a 20 percent increase from a year ago, data from China's National Bureau of Statistics showed. It was the highest since October 2011 when iron ore output hit an all-time high of 132.4 million tonnes.
"The only reason for rising output I can think of is that some small miners and steel mills, which suspended or cut output, have resumed production," said Qiu Yuecheng, an analyst with Xiben New Line Co Ltd, a spot steel products trading platform in Shanghai.
Output of rebar, widely used in construction and mostly produced by smaller, privately-owned mills, hit a record high of 15.82 million tonnes in September, up 17 percent from a year ago, data showed.
A seasonal pick-up in demand on the back of increased construction activity has helped rebar prices rebound by more than 10 percent since early September. Spot iron ore prices <.IO62-CNI=SI> surged more than 30 percent after hitting a near three-year low.
China's average daily crude steel output rose to 1.932 million tonnes in September, up 2 percent from 1.894 million tonnes in August.
January-September output of iron ore jumped 17 percent to 968 million tonnes from a year earlier, while rebar output over the period rose 14 percent to 128.7 million tonnes.
(Reporting by Ruby Lian and Fayen Wong; Additional reporting by Manolo Serapio in Singapore; Editing by Ed Davies)
'Landore is in the process of completing a resource upgrade and NI 43-101 technical report on the B4-7 deposit to include all drilling carried out in 2011-2012. The resource upgrade is anticipated for completion in Q4 2012. '
robers98 - what does "nm" mean? I've often seen it so I Googled it and got the following: not meaningful, nothing much, not much
The significance and purpose of posting this term is totally lost on me!
Landore Resources Will Commence Pre-Feasibility Work At B4-7 Early Next Year, After Updating Its Resource
By Alastair Ford
The most important thing is: lets get a resource update out, says Richard Pricket of Landore Resources. Hes speaking shortly after the release of a drilling update from the B4-7 nickel deposit on Landores 31,600 hectare Junior Lake property, 235 miles north of Thunder Bay in Ontario, Canada
SHARE TIPS - ONE FOR THE GAMBLERS: Nickel exploration firm set to prosper
By GRAEME DICKSON, MARKET TRADER AT OPTIVA SECURITIES
PUBLISHED: 16:56, 19 September 2012 | UPDATED: 17:03, 19 September 2012
Anyone who has been watching the fortunes of a stock called Sirius Resources (SIR:ASX) over in Australia may get a taste of what might come, without guarantee, to some of its peers if they can capture the markets imagination.
Sirius is widely seen as a nickel sulphide exploration company with its flagship assets in Western Australia: its shares, following bonanza grades of nickel discovered from its current drilling campaign, have soared from under 10 cents in July 2012 to close at 213 cents yesterday.
A London listed company that has already furnished an impressive array of drilling results from its nickel sulphide deposits in Ontario, Canada and is about to embark on another drilling campaign is that of Landore Resources (LND).
Before I move on to Landores prospects I just wanted to write a few lines about political stability and the uses of nickel.
Over the last year we have seen an increasing form of resource nationalism, a term that has a broad scope of meaning from heightened mining taxes and royalties to governments expropriating mineral assets from bona-fide foreign companies.
This is occurring in a considerable number of emerging economies but also in a few developed countries too with the most prominent one in Australia following the recently introduced mineral resources rent tax.
At this moment in time Canadas tax regime is stable and not discriminatory towards the mining sector: in addition a global survey carried out by lawyers Baker & Mackenzie revealed that Canada was a clear leader as a mining destination with the highest ranking in the world in terms of political stability.
The uses for nickel are vast. Suffice to say that its main qualities are corrosion resistant, better toughness and better strengths at high & low temperatures it comprises eight to 12 per cent of a stainless steel product and is used in food preparation equipment, mobile phones, transport, medical equipment, buildings and so on.
Nickel sulphides, the mineral deposit that Sirius Resources and Landore Resources have been focusing on, is much easier and cheaper to mine than nickel laterite deposits hence a greater interest shown by the market of this particular deposit type.
In fact most of the nickel deposits in the world are of the laterite type yet the majority of global nickel production comes from sulphide deposits due to the relative cost of mining.
Landore owns 100 per cent of the mineral rights to a property called Junior Lake, located in the province of Ontario, Canada and covers 31,600 hectares.
The property is host to two Canadian National Instrument (NI) 43-101 compliant nickel deposits, the B4-7 nickel-copper deposit and the VW nickel deposit, for a combined 48,281 tonnes of nickel equivalent (NiEq), 82 per cent of which is in the indicated category (this has a greater degree of accuracy relative to inferred resources).
The drilling undertaken during 2012 has significantly extended the B4-7 nickel-copper-cobalt-PGEs (Platinum Group Elements) deposit down dip and along strike to the west. The deposit has now been delineated over 800 meters of strike length.
One of its drill-holes (0412-446), located within the B4-8 prospect, intersected B4-7 massive sulphide mineralization with grades greater than one per cent nickel and greater than one per cent copper combined with significant credits of cobalt and platinum group metals.
Results of the 2012 drilling campaign were described by the company as highly encouraging having significantly increased the potential tonnage amenable to open pit development, which is significantly cheaper than underground mining, together with the confidence level of the resource.
Landore has started to work on an upgraded resource estimate for the B4-7 deposit, scheduled fo
19 September 2012
Landore Resources Limited
(Landore or the Company)
Appointment of Broker
Landore, the Canadian mining explorer, is pleased to announce that, following the successful placing
announced on 12 September 2012, the Company has appointed Panmure Gordon as its sole broker.
all the main names have been involved in both lnd and pgd and previously were the super successful brancote team, having held shares in their companies since early days of brancote they have always looked after the private investor which is pretty unique,
my thanks goes to our directors who have financed ongoing exploration at a current market price, not discounted, no expensive loans, and they dont even pull it back through bonuses or mega salaries, what a vote of confidence, you would look hard to find this happening in any other company yet still little movement in price.
shame its not isa eligible, thought it would be if dual listed.
Ditto. Zero value with TDW
Can't trade it until it's listed so has no value.
Lamaune intend to raise C$30M to develop iron ore assets by listing on the TSX.
The price they get for that issue will put a price on existing shares, presumably.
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