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DNK - Danakali Limited

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Re: STB - South Boulder Mines

kennas said:
Wonder if they ´ll have any native title issues like RWD did? One thing I am hoping is that they can scrape up some better grades than RWD. That would set the cat amongst the pigeons.
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Thats a good point Kenna, but considering they caved in over Native title with RWD I'm sure all STB would have to do is offer the same deal, I guess in a sense RWD's done alot the hardwork there

Looks like some interest today, may just be a flow on from MNM who knows

p.s. Cat amongst the pigeons or Buro amongst the Vino take your pick :
 
Re: STB - South Boulder Mines

LOL, No buro ´s in the Amazon, just big **** off rivers.

I am currently in Manaus at the confluence of the two biggest tributaries and where the Amazon officially starts, according to the Brazilians. One of the rivers if 8km wide, the other 4.

Great support formed at .25 as expected. Expect that is now a base, fingers crossed. Hope they start ramping themselves a little more and strike while the poo iron is hot! Go Poo!!
 
Re: STB - South Boulder Mines

there was a small snipet in the Australian today about STB, that might explain the rise in shareprice today.
 
Re: STB - South Boulder Mines

Perhaps the thirty one (31%) share price jump by Incitec Pivot has also had a positive effect on this sector?
 
Re: STB - South Boulder Mines

shaunm said:
Perhaps the thirty one (31%) share price jump by Incitec Pivot has also had a positive effect on this sector?
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IPL shares are up just a tad over 2% today, though IPL did report a threefold increase in net income (pcp)

As mick2006 mentioned, these agri players are getting more media attention...and yes IPL's ann today confirms the soaring demand for fertiliser...

Quote from the article in 'The Australian' ...

"Reward Minerals (RWD) has reached agreement with the Martu people in Western Australia for the development of the Lake Disappointment potash project, while South Boulder Mines (STB) has acquired three potash and phosphate properties in that state."

Check out the link to the full article below:

http://www.theaustralian.news.com.au/story/0,25197,23644000-5005200,00.html
 
Re: STB - South Boulder Mines

Spineli said:
IPL shares are up just a tad over 2% today, though IPL did report a threefold increase in net income (pcp)
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Oops & Doh....mental note to self..... "must read details in news reports more thoroughly & carefully"
 
Re: STB - South Boulder Mines

Great day for STB

Mick you got a copy of that article, would be an interesting read

Now for some progress on those Agri projects boys and everyone will be smiling
 
Re: STB - South Boulder Mines

Cracking 30 was very important there IMO, releases it from that 2 month trading zone. Maybe if it tests that level now as support and moves up we can be more confident in an uptrend continuation. Poo is certainly doing well at the moment, but MAK seems to have stalled. Looks like the speculation is shifting around the sector now leaving it behind. Golly, I`d be happy if they STB can get an exploration target out soon and capitalise on this ferver.

One thing to be wary about is a bit of a bubble forming in the sector. May pay to take some off the table if these keep running. If the prices of poo correct significantly, these may fall just as hard. Reminds me a bit of the U bubble..

From the same article mentioned above:

 
Re: STB - South Boulder Mines

Hi Kennas, Would you be able to point me in the right direction for finding regular updates on spot price etc. Have been digging but have failed to find the prize
 
Re: STB - South Boulder Mines


There are two basic types of potash. Potassium chloride or muriate of potash as it is called, and potassium sulphate. The sulphate of potash is a much better fertiliser for fruits and vegetables ( and flowers) and is much more expensive than the muriate which is more often used with pastures and grain crops. Does STB have sulphate or chloride?
 
Re: STB - South Boulder Mines

Announcement out but it is in pre open at the moment,anyone any ideas?Too short a massage(not a typoAnn out now,progress report Access agreement signed with Traditional owners.Looking at the pics on page 2 are they targets or $$$$$ signs
 
Re: STB - South Boulder Mines


I should have added potassium phosphate that is the cream of the potash fertilisers. They have potassium and phosphate maybe the are combined and not seperate as potassium chloride and rock phosphate.

?????????
 
Re: STB - South Boulder Mines

this is a very significant announcement for STB, not only do they have access to Lake Disappointment East, they are demonstrating to investors they are making real progress in the agricultural sector.
 
Re: STB - South Boulder Mines

mick2006 said:
this is a very significant announcement for STB, not only do they have access to Lake Disappointment East, they are demonstrating to investors they are making real progress in the agricultural sector.
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Agreed. Plus it proves the value of riding on the coat tails of RWD in dealing with the land owners.

Be careful about the auction going on at the moment. Traders will have been waiting for post ann volume spikes to cash in.

Getting better and better though.
 
Re: STB - South Boulder Mines

YOUNG_TRADER said:
Now for some progress on those Agri projects boys and everyone will be smiling
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Yeah Mick they must have heard me complaining lol

It was a given that the Native title holders would agree to give access imo as RWD had paved the path for them, I wonder if they offered similar terms to what RWD offered?


YOUNG_TRADER said:
Thats a good point Kenna, but considering they caved in over Native title with RWD I'm sure all STB would have to do is offer the same deal, I guess in a sense RWD's done alot the hardwork there
Click to expand...
 
Re: STB - South Boulder Mines

Could be a lot of spec hot money going into this now with their poo assets.

Sorry, can ´t answer that question Strat, trying to keep mossies from giving me malaria right now.

Looks like 30 held well initially, expect that to hold now.
 
Re: STB - South Boulder Mines

kennas said:
Could be a lot of spec hot money going into this now with their poo assets.

Sorry, can ´t answer that question Strat, trying to keep mossies from giving me malaria right now.

Looks like 30 held well initially, expect that to hold now.
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No worries Kennas,

You do get around. I hear the mozzies are as big as humming birds there in South America
 
Re: STB - South Boulder Mines

30 cps is holding despite another 1.6m shares sold by profit takers.

Volume yesterday plus today is approx 6.5m shares above 30 cps. That is 15% of the free float which is a good base for a bottom.

Simple mathematics dictates that:

Free float = 45.3m
Less Top 20 (50% holding) = 22.65m
Less Trading prior 2 days = 6.5m

Equals about another 16.1m shares not traded. Are these holders of the 16m in for the longer term or not? Will the profit taking be capped at 6.5m post announcement?

Not sure obvioulsy but I suspect that it should hold high 20's, low 30's as long as the buyers don't take their bat and ball hiome. I like these excercises as it puts the trading you see in perspective.
 
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