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Packersoldkidney
01-03-2005, 03:25 PM
Hot...and running. PMM have an interest.

SimonSays
17-03-2005, 01:27 PM
Now this is one I am closely watching.

Packersoldkidney
17-03-2005, 01:54 PM
Same here. Low share issue - if it takes off it will take off, if you catch my drift. Unlike others I actually like the deal with Portman, as it lets them get their iron to market nice 'n quick, to take advantage of high prices.

Can't be too far away from news on these fronts.

SimonSays
18-03-2005, 05:32 PM
Good knowledgeable, energetic and experienced people - met them at Diggers and Dealers in Kal.

Packersoldkidney
18-03-2005, 05:37 PM
Hey, Simon. Notice there's a big shortage of workers over West. Bronzewing got mothballed because of it, apparently.

Have my eye on a few others that have 'potential': but I tend towards those whose share structure is in 'my favour'. Reed is one of these. There are a few others that are doing it on the qt, which is well and good by me. Just hope they can get some extra workers in or all my money could go AWOL. lol.

SimonSays
21-03-2005, 09:34 PM
Labour will follow money. I'm more concerned about the revaluation of the Chinese currency than I am labour. Should know a bit more about Reed soon. Got some engineering business to do on a certain WA opportunity.

Packersoldkidney
04-04-2005, 01:49 PM
There are claims that the vanadium's grading is too low to be commercial - though one wonders why if this is the case why Xstrata flattened the plant scorched earth style.

I'm expecting BFS on the Portman tie up later this month. Or rather an announcement relating to it.

Notice the Chinese are trying to flatten iron ore prices.

The sharemarket is moving from a focus on speculation to a focus on value.

Skol
04-04-2005, 01:50 PM
RDR gets a good 2 page review in the March 15 Bulletin in a column known as 'The Speculator', by David Haselhurst. Trading on PE of 7.6 based on next years expected earnings of $2.5m. Also has one of the largest vanadium deposits in the world and price of V is up from $2.50/lb mid 2003 to $11.50/lb mid Feb.
Reed all about it, Haselhurst says. He intends to buy.

SimonSays
04-04-2005, 02:30 PM
Vanadium is a very tough market though - it's a bizarre market. Have been reading about the history which leads to the great story of PMA - some great stories of intrigue and apologies in that one. I know something about the engineering of that plant at Windamurra I think.

Skol
04-04-2005, 02:34 PM
Simon,
RDR also has assets which show gold, nickel, iron ore and titanium so is well diversified.

SimonSays
04-04-2005, 06:27 PM
Yeah, but I suspect the Vanadium interests that were formerly owned by PMA related interests are the closest to development for value.

Skol
14-04-2005, 03:58 PM
RDR made an announcement today about their Comet Vale Nickel Laterite Deposits, adjacent to Heron Resources.
Can anyone out there with some knowledge of the natural resources business interpret please.

Packersoldkidney
14-04-2005, 06:03 PM
I don't think there really is too much geologically in it - all they were saying is that 'hey! we've got some ground that nearologically looks the goods because Heron's digs are nearby!' It really is very much underexplored, and it would take years for it to be tested and developed if that were to happen.

I just think it was good corporate advertisement by Reed to let everyone know they have this turf, and that they are in in the initial stages of assessing it. As to whether it will spark the sp any: yes, maybe, but not for quite some time.

SimonSays
14-04-2005, 09:32 PM
Simon will try to help Dave and Chris get this laterite up the curve and ahead of the other umteen dozen projects that should be able to supply the world market until stainless steel becomes obsolete. Simon likes their vanadium project, if only the market was stable and Glencore didnt control it.

Packersoldkidney
31-05-2006, 09:15 PM
I was a year too early on my call in this one, but the signs were always there. Has got three solid projects on the make, iron, gold and vanadium.

Dunno why no interest on here.

Very solid today in the face of a weak market.

shasta
04-03-2010, 11:08 AM
No comments in 4 years, but RDR's Mt Marion Lithium Project is progressing nicely

http://www.stocknessmonster.com/news-item?S=RDR&E=ASX&N=482668

This project will be nearing production by year end, so this should help me in the ASX comp!

Here's the recent presentation to highlight there other projects

http://www.stocknessmonster.com/news-item?S=RDR&E=ASX&N=481658

gambier33
11-03-2010, 02:45 PM
Hi Shasta, I too am surprised there has not been a Reed Resources comment for 4 years. They must run second to Galaxy with respect to the exposure they can give investors to lithium. It's pretty clear to me from my research that lithium demand, especially for batteries, is growing like topsy in this era of alternate fuels. Just for the Li exposure alone RDR would have to be of interest.

The Reed family knows the Eastern Goldfields very well. The family ran a stock-broking firm in Kalgoorlie for many years until RDR chairman David Reed moved to Perth and was a partner in the brokers Reed-Eyre. His father was a stock-broker in Kalgoorlie before him. David Reed was also in the prospecting game and in the 1970s, at least, had "shows" around the goldfields. David's son Chris is the current CEO of RDR, so mining is well and truly in the blood.

shasta
11-03-2010, 04:30 PM
Hi Shasta, I too am surprised there has not been a Reed Resources comment for 4 years. They must run second to Galaxy with respect to the exposure they can give investors to lithium. It's pretty clear to me from my research that lithium demand, especially for batteries, is growing like topsy in this era of alternate fuels. Just for the Li exposure alone RDR would have to be of interest.

The Reed family knows the Eastern Goldfields very well. The family ran a stock-broking firm in Kalgoorlie for many years until RDR chairman David Reed moved to Perth and was a partner in the brokers Reed-Eyre. His father was a stock-broker in Kalgoorlie before him. David Reed was also in the prospecting game and in the 1970s, at least, had "shows" around the goldfields. David's son Chris is the current CEO of RDR, so mining is well and truly in the blood.

RDR is already a gold producer (albeit on a small scale), & has not only the Lithium project as near term, but a very grade grade REE project for Vanadium, within the next 12 - 18 months they will have substantial cashflows from at least 3 projects in production, plus there's upside from other projects to do with Nickel & Iron ore, with JV partners largely funding this.

Been watching them since $0.36, & still think there's plenty more to come, thats why i picked it in the ASX comp.

denpal
11-03-2010, 09:55 PM
Shasta the spondumene resource is too small. That keeps me from jumping in. On their website the 11/09 Strachan report tells all.

Huang Chung
11-03-2010, 11:01 PM
Keep an eye out for Black Fire Minerals (BFE) drilling results from Namibia. Previous mining here was at reported head grades of between 1.7% and 3.75% LiO2.

Drilling commenced earlier this month.

gambier33
12-03-2010, 04:22 PM
Hi denpal, I still think RDR are a good speculative buy with their suite of other projects plus Mt Marion. This Li project is de-risked.

In their 1 November 2009 report Strachan saw "... potential for over 10 million tonne in the permit..". RDR in their 4 March 2010 advice provided recent drill results and advised they would have an upgraded Li2O estimate in April. The holes were spaced between 30m x 30m and 80m x 40m. The Li2O averaged 5.8 m per pegmatite. They used a cutoff grade of 0.5% that then gave an average grade of 1.35%. I'm not much of a surveyor but I've plotted the eastings and northings and done my own rough volume/mass estimate (total area of positive holes times mean depth of 5.8 metres times density of 1.1 times 3 stacked pegmatites at deposits 1, 2W and 5). They may announce a 2P resource greater than 5 million tonnes.

At Mt Cattlin, Galaxy advised on 11/3/10 a 2P of 11.4 million tonnes @ 1.05 Li2O with a cut off of 0.4%. Note the grade difference between RDR and GXY.

Mines in Aus attract me as they have a much lower sovereign risk - politically stable country/state and close to nil corruption.

BFE looks interesting, Huang

shasta
14-04-2010, 03:32 PM
Hi denpal, I still think RDR are a good speculative buy with their suite of other projects plus Mt Marion. This Li project is de-risked.

In their 1 November 2009 report Strachan saw "... potential for over 10 million tonne in the permit..". RDR in their 4 March 2010 advice provided recent drill results and advised they would have an upgraded Li2O estimate in April. The holes were spaced between 30m x 30m and 80m x 40m. The Li2O averaged 5.8 m per pegmatite. They used a cutoff grade of 0.5% that then gave an average grade of 1.35%. I'm not much of a surveyor but I've plotted the eastings and northings and done my own rough volume/mass estimate (total area of positive holes times mean depth of 5.8 metres times density of 1.1 times 3 stacked pegmatites at deposits 1, 2W and 5). They may announce a 2P resource greater than 5 million tonnes.

At Mt Cattlin, Galaxy advised on 11/3/10 a 2P of 11.4 million tonnes @ 1.05 Li2O with a cut off of 0.4%. Note the grade difference between RDR and GXY.

Mines in Aus attract me as they have a much lower sovereign risk - politically stable country/state and close to nil corruption.

BFE looks interesting, Huang

RDR - Mt Marion 220% increase in resource to 168,000t

http://www.stocknessmonster.com/news-item?S=RDR&E=ASX&N=487187

shasta
30-04-2010, 01:19 PM
RDR - Mt Marion 220% increase in resource to 168,000t

http://www.stocknessmonster.com/news-item?S=RDR&E=ASX&N=487187


Great article on RDR's Lithium project & the Lithium industry in general (includes comparisons to GXY & ORE)

http://www.reedresources.com/reports/130-Reed-Hallgarten-Apr10.pdf

gambier33
09-05-2010, 11:40 AM
The 220% increase in Li2O represents an increase of in-ground resource to 8.924 million tonnes. My 5 million tonnes was a little under.

Good report (albeit commissioned by RDR) by Hallgarten with some good general Li info for those trying to understand this developing commodity.

http://www.reedresources.com/reports/130-Reed-Hallgarten-Apr10.pdf

RDR currently suffering from recent Kevin Rudd (aka Hugo Chervas) 40% kill-the-golden-goose resource tax announcement.

shasta
17-05-2010, 12:21 PM
The 220% increase in Li2O represents an increase of in-ground resource to 8.924 million tonnes. My 5 million tonnes was a little under.

Good report (albeit commissioned by RDR) by Hallgarten with some good general Li info for those trying to understand this developing commodity.

http://www.reedresources.com/reports/130-Reed-Hallgarten-Apr10.pdf

RDR currently suffering from recent Kevin Rudd (aka Hugo Chervas) 40% kill-the-golden-goose resource tax announcement.

RDR - Grants NFC exclusivity for Barrambie Vanadium Project

http://www.stocknessmonster.com/news-item?S=RDR&E=ASX&N=491346

Positive news, & page 2 shows all the other projects NFC have been involved with.

This rare earths project looks to be a nice earner if it proceeds & should re-rate RDR considerably

stevo1
17-05-2010, 12:50 PM
Hi shasta
REE's real worth and cost is rescource specific in so much as the extraction process varies enormously as to the specific content of REE.basically you cant just dig it up and fire it off to a refinery unlike gold ,iron etc but your plant has to be built to your rescource content requirement.
The cost of building the processing plant is large and time consuming usually.
Although I have owned RDR in the past I am not up with the REE rescource and I would venture to say they would be a long way off having finished REE product for sale

shasta
17-05-2010, 01:02 PM
Hi shasta
REE's real worth and cost is rescource specific in so much as the extraction process varies enormously as to the specific content of REE.basically you cant just dig it up and fire it off to a refinery unlike gold ,iron etc but your plant has to be built to your rescource content requirement.
The cost of building the processing plant is large and time consuming usually.
Although I have owned RDR in the past I am not up with the REE rescource and I would venture to say they would be a long way off having finished REE product for sale

Absolutely, they are no where near building the infrastructure, or even agreeing to proceed with it.

Still very much in the feasibility study stage

From memory the project costs were estimated to be in excess of $600m

shasta
15-06-2010, 10:41 AM
Absolutely, they are no where near building the infrastructure, or even agreeing to proceed with it.

Still very much in the feasibility study stage

From memory the project costs were estimated to be in excess of $600m

RDR - Positive Results from Lithium Carbonate Pre-Feasibilty Study, New Exploration Target & Project Update

http://www.stocknessmonster.com/news-item?S=RDR&E=ASX&N=494208

Still looking at production of 17,000tpa lithium carbonate (99.5% Li2CO3) over 20 years

I want to see them increase the resource further & find some higher grade Lithium to make the IRR better

Disc: Nil

shasta
16-07-2010, 08:14 PM
RDR - Positive Results from Lithium Carbonate Pre-Feasibilty Study, New Exploration Target & Project Update

http://www.stocknessmonster.com/news-item?S=RDR&E=ASX&N=494208

Still looking at production of 17,000tpa lithium carbonate (99.5% Li2CO3) over 20 years

I want to see them increase the resource further & find some higher grade Lithium to make the IRR better

Disc: Nil

RDR - Mt Marion Lithium Project - Decision to Mine

http://www.stocknessmonster.com/news-item?S=RDR&E=ASX&N=497874

A bit of weekend reading & some more guff on the project itself

Hopefully RDR's share price picks up, i did pick it as 1 of my 5 stocks in the ASX comp

shasta
29-07-2010, 04:42 PM
RDR - Mt Marion Lithium Project - Decision to Mine

http://www.stocknessmonster.com/news-item?S=RDR&E=ASX&N=497874

A bit of weekend reading & some more guff on the project itself

Hopefully RDR's share price picks up, i did pick it as 1 of my 5 stocks in the ASX comp

RDR - Placement & Corporate Update (Including presentation)

http://www.stocknessmonster.com/news-item?S=RDR&E=ASX&N=499237

RDR raised $A7.5m (before costs) by way of 15m shares @ $0.50.

Funds raised to:
o Accelerate assessment of Lithium Carbonate downstream processing and
by‐product production
o Complete scoping studies for expansion and optimisation of the Barrambie
Vanadium Study
o Complete detailed engineering for the refurbishment of the Nimbus
Processing plant
o Drill test extensions and parallel repetitions of the Sand George lodes at
the Comet Vale Gold Project

Should be plenty of good news over the rest of the year to keep the RDR share price ticking over, especially as i picked it in the ASX comp

shasta
31-07-2010, 07:47 PM
RDR - Placement & Corporate Update (Including presentation)

http://www.stocknessmonster.com/news-item?S=RDR&E=ASX&N=499237

RDR raised $A7.5m (before costs) by way of 15m shares @ $0.50.

Funds raised to:
o Accelerate assessment of Lithium Carbonate downstream processing and
by‐product production
o Complete scoping studies for expansion and optimisation of the Barrambie
Vanadium Study
o Complete detailed engineering for the refurbishment of the Nimbus
Processing plant
o Drill test extensions and parallel repetitions of the Sand George lodes at
the Comet Vale Gold Project

Should be plenty of good news over the rest of the year to keep the RDR share price ticking over, especially as i picked it in the ASX comp

RDR - June Quarterly Activities + Cashflow Report

http://www.stocknessmonster.com/news-item?S=RDR&E=ASX&N=499980

A great read on all there projects, as they move closer to production

http://www.stocknessmonster.com/news-item?S=RDR&E=ASX&N=499981

RDR had ~ $10m cash on hand @ 30/6/10

shasta
15-09-2010, 12:23 PM
RDR - June Quarterly Activities + Cashflow Report

http://www.stocknessmonster.com/news-item?S=RDR&E=ASX&N=499980

A great read on all there projects, as they move closer to production

http://www.stocknessmonster.com/news-item?S=RDR&E=ASX&N=499981

RDR had ~ $10m cash on hand @ 30/6/10

RDR - Gold strategy & project update

http://www.stocknessmonster.com/news-item?S=RDR&E=ASX&N=505338

Comet Vale is a small project but RDR now own 100% of it

shasta
01-10-2010, 08:24 PM
RDR - Gold strategy & project update

http://www.stocknessmonster.com/news-item?S=RDR&E=ASX&N=505338

Comet Vale is a small project but RDR now own 100% of it

RDR - Barrambie Vanadium Project - NFC Update

http://www.stocknessmonster.com/news-item?S=RDR&E=ASX&N=507934

Even though the exclusive period for NFC has lapsed, they are still in active negotiations with them (but able to talk to other interested parties)

Extract from ann...

The discussions specifically related to the provision of a fixed‐price engineering procurement and
construction contract, as well as financing assistance by NFC for Barrambie, which is recognised as
one of the world’s highest grade vanadium deposits.

gambier33
02-10-2010, 06:03 PM
you still in RDR Shasta? Nice climb to high 50s (cents) in last month. Could be that as Galaxy ramps up production the market re-rates RDR on their lithium project.

shasta
02-10-2010, 08:46 PM
you still in RDR Shasta? Nice climb to high 50s (cents) in last month. Could be that as Galaxy ramps up production the market re-rates RDR on their lithium project.

Nope, im totally out of the market at the moment - i'm just keeping a close watch on the companies i like

whirly
09-10-2010, 12:21 AM
Hey Shasta

Check out RDR's website. http://www.reedresources.com/ (http://www.reedresources.com/)

Disc: I just got back in after getting a hiding in the first part of the year.

W.

Huang Chung
09-10-2010, 08:58 AM
What the.....??????

tick, tick, tick

whirly
09-10-2010, 11:49 AM
Trading Halt until Monday. Dunno about the countdown its meant to be assay results.

Skol
12-10-2010, 11:11 PM
RDR could be on to something.
I've just read that one of the reasons they've asked for a trading halt is because "some results may have been lost to the market".
It won't have escaped your notice that RDR has appreciated somewhat over the past couple of weeks.

whirly
13-10-2010, 11:44 PM
Move along, nothing to see here...

Australian diversified resources company Reed Resources Ltd (ASX: RDR) (“Reed” or “the Company”) advises that it has requested the Australian Securities Exchange to lift the voluntary suspension on the Company’s securities trading, effective immediately.

Reed Resources secured rights to, and was evaluating, a prospective new project within the Goldfields area of Western Australia. The project area displayed anecdotal anomalies of precious metals including platinum group metals (“PGM’s”), gold and silver.

Reed Resources initial evaluation involved excavating trenches within the project area and samples sent for assay to a specialist laboratory in the USA with a reputation for expertise in PGM assays.

The initial assay results indicated the samples contained exceptional levels of gold, as well as highly anomalous levels of silver and PGM’s. Due to the nature of these results the Company sought to verify the results with further sampling and check assaying.

Further work was undertaken at an accredited commercial laboratory in Australia. Bulk in-situ samples were meticulously taken and tested in duplicate for gold only using multiple assay techniques. The samples could not replicate the original assay results, and showed only background levels of gold consistent with this area of the Goldfields. In addition, preliminary assays for PGM’s show only background levels of mineralisation.

Based on the information at hand, it is the view of Reed Resources that the initial assays were a result of an analytical error, and that further check assaying for PGM’s are continuing. The Company will keep the market fully informed of any material developments. The Company has no further information to announce in relation to this project.

This is the announcement to come out of suspension.

Anna Naum
14-10-2010, 05:45 AM
RDR could be on to something.
I've just read that one of the reasons they've asked for a trading halt is because "some results may have been lost to the market".
It won't have escaped your notice that RDR has appreciated somewhat over the past couple of weeks.

Market may have got the wrong end of the deal

COLIN
14-10-2010, 09:27 AM
RDR could be on to something.
I've just read that one of the reasons they've asked for a trading halt is because "some results may have been lost to the market".
It won't have escaped your notice that RDR has appreciated somewhat over the past couple of weeks.

Skol: What on earth are you doing on a gold thread? I thought you had a deep aversion to the stuff!

gambier33
15-10-2010, 09:33 AM
Unfair to call RDR discussion here a "gold thread", Colin ;-)

It's more about Li at the moment.

shasta
15-10-2010, 12:54 PM
Unfair to call RDR discussion here a "gold thread", Colin ;-)

It's more about Li at the moment.

The Comet Vale gold production is less than 10,000/oz per year.

RDR is more Lithum & Rare Earths than Gold

Skol
15-10-2010, 04:45 PM
Skol: What on earth are you doing on a gold thread? I thought you had a deep aversion to the stuff!

I do, gold's for the herd, rare earths are interesting though. China has banned the sale of rare earths to Japan currently over a maritime incident.

whirly
15-10-2010, 05:13 PM
Im out...will have another look at a later stage.

Skol
13-11-2010, 03:19 PM
Rare earths keep getting a mention in the papers, especially the FT & WSJ, and lithium in particular, so a worthwhile punt at the moment.

shasta
13-11-2010, 03:22 PM
Rare earths keep getting a mention in the papers, especially the FT & WSJ, and lithium in particular, so a worthwhile punt at the moment.

I picked RDR in the ASX comp as by the end of the year they would be close to getting the lithium & vanadium projects up & running.

Should be plenty more good news to keep it ticking along for the rest of the year, with Q1 2011 looking to be the key quarterly

shasta
09-12-2010, 04:56 PM
I picked RDR in the ASX comp as by the end of the year they would be close to getting the lithium & vanadium projects up & running.

Should be plenty more good news to keep it ticking along for the rest of the year, with Q1 2011 looking to be the key quarterly

RDR - Update on approaches received for Mt Marion Lithium project

http://stocknessmonster.com/news-item?S=RDR&E=ASX&N=519678

Reading between the lines i wonder if they have had offers to buy into, or outright the project!

RDR arent in the position ADY were when they had to sell the family silver to pay the admin costs, so i hope they keep the project for development

whirly
09-12-2010, 05:12 PM
Watch out for the ticking clock though Shasta.:ohmy:

Skol
13-12-2010, 11:12 AM
.62 this morning, looking quite promising after that info the other day. Let's hope it keeps going.

soulman
23-09-2012, 08:49 PM
This is a different RDR now with a gold processing plant, a nice decent JORC 3 mil ounces and all the lithium stuff.

Got a feeling this is about to break.