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SOR - Strategic Elements

Discussion in 'Stocks Q-Z' started by springhill, Aug 19, 2012.

  1. springhill

    springhill Make the drill work for YOU

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    MC - $1.5m
    SP - 3c
    Shares - Approx 50m (definitive numbers are hard to find, my belief is there are around 80+m in escrow)
    Options - ?
    Cash - $3.4m

    Strategic Seeks Strike Extension of Reefton Goldfields
    Strategic Elements announce that Strategic Materials Pty Ltd (100% owned) has substantially extended the area of the Reefton South project. The project is located 3km along strike from the prolific Reefton goldfield, which historically produced approx. 2,100,000 ounces of gold. The project has potential for a strike extension of the Reefton Goldfield.
    The Reefton goldfield is undergoing a significant resurgence with major mining company Oceana Gold Ltd developing the Globe Progress Open Pit mine with a JORC resource of 1,200,000 ounces of gold. Oceana Gold believes the Reefton goldfield to be “under-explored” with “excellent potential for further exploration success”. They are seeking to reopen further old mines, such as the Blackwater mine, and make new discoveries through new exploration approaches.
    Seeing Through Cover
    The Company has extended its Reefton South application to cover an extensive area of ground south of the Reefton goldfield. A layer of gravel and glacial till covers the prospective gold bearing rocks. Old miners could not explore these prospective rocks beneath the cover. This has left the project area completely unexplored for hard rock gold, despite it being only a few kilometers along strike from southern end of the Reefton goldfield.
    For some time, the Australian government has supplied airborne geophysics data to explorers to assist them to ‘see through the cover’. Thus in Australia, an area with such close proximity to a major goldfield would have already been extensively explored. This year will see the very first release of New Zealand government airborne geophysics data over the Reefton goldfield and the Company’s Reefton South project area. The Company is extremely appreciative of the efforts of the West Coast mining industry and government bodies that have organized and funded the critical airborne geophysical surveys currently being conducted.
    Oceana Gold have also recently announced a new Reefton gold discovery (near Big River) by applying a new approach to exploration to explore under the thin layer of cover. They are using a wacker drill (modified jack hammer) to reach bedrock under cover. The company will also seek to apply this technique in its project area where depth of cover is appropriate.
    Reefton is a very high-grade goldfield, Oceana Gold have announced new exploration drilling intercepts at Big River of 3m @ 18.5 g/t and at Blackwater of 1m @ 23.3 g/t, and the average grade of the historical mining was typically around 15g/t gold, ranging up to two ounces.

    West Coast Rare Metals Exploration Update
    The first round of fieldwork on the West Coast of the South Island, New Zealand has been completed.
    Strategic Elements Ltd (ASX:SOR) is pleased to announce that Strategic Materials Pty Ltd (100% owned) has completed its initial phase of work at the Hohonu rare earths prospect. A preliminary visit to the Falls Creek tungsten prospect was also made.
    Samples will be sent for assay, and reports will be prepared by consulting geologists. Assays and reports will also be submitted on samples that have been sourced from previous exploration conducted in the area.
     

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  2. pixel

    pixel Well-Known Member

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    Apparently, SOR has found a new "Strategy".
    How did they persuade the Tax Office to forego CGT and income tax on dividends?

    Not that I really care: I noticed the breakout on May 21st, and although I missed the best part on that day, I kept a close eye on it and bought last Friday when it appeared to form a base. Half-hourly chart attached.

    SOR i30 01-06-15.gif

    I've taken part profit today, but will buy on pullback into this morning's gap-up.
     
  3. McLovin

    McLovin Well-Known Member

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    They're a pooled development fund. They were inacted to help smaller companies raise equity. The government closed the program down a few years ago but there are still a few floating around. Acrux is another one.
     
  4. pixel

    pixel Well-Known Member

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    Thanks McLovin :)

    SOR popped out again with another promising announcement concerning nanocubes: http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=01668689

    While I wouldn't hold my breath waiting for those transparent wearable computers just yet, I reckon it's a good idea to be Long a few when the technology does take off. That aside, volatility offers opportunities for a few swinging snips.

    SOR pm 05-10-15.gif

    I have traded the rally over 2 days and am building a Long position. Current stop 19c.
     
  5. pixel

    pixel Well-Known Member

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    Support at 16-16.5c looks pretty safe now; momentum turned up, albeit on low volume.
    Maybe there is something behind microcaps, just as Marcus Padley alluded to in his weekend column.

    SOR n 04-11-15.gif

    I'm buying - added at 18c.
    stop 16c, target 23-26, on the assumption that 16c was a Higher Low, to be followed by a Higher High.
    Like all minis, it's still a speccie, so DYOR
     
  6. pixel

    pixel Well-Known Member

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    19c being bought now.
    I sense an announcement coming ... :2twocents
     
  7. pixel

    pixel Well-Known Member

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    It took a little longer:
    Nanocubes in ink: http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=01684558
    AGM Presentation: http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=01685000

    nothing spectacular or hyped-up, but the chart is gently rising, both in price and volume.

    SOR n 24-11-15.png

    I hold and have also traded intraday swings.
    Quite possibly, a breakout could surprise us. Watching the 22-23 zone.
     
  8. pixel

    pixel Well-Known Member

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    OK, so the net profits I made from trading SOR are CGT-exempt and won't feature on my Tax Return. It's a nice feeling :cool: But every seller must have found a buyer. Let's assume the buyer of my SOR at 20c held on to them in hope, but wants to sell them now back to me before end of June for 13c. Let's further assume that he got the direction right for GXY and sold some of those for a hefty profit: Can he apply his SOR loss against a Galactic Profit to reduce the CGT on that trade? Or does he have to wear the loss and pay full CGT on the GXY result?
    Just curious ... :confused:

    SOR pm 30-05-16.png
     
  9. jbocker

    jbocker Well-Known Member

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  10. pixel

    pixel Well-Known Member

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