Melkior: Uran mit Santoy für nur 7 Mio. Kap! ( Seite 90)

Antwort auf Beitrag Nr.: 32.349.200 von gornikzabrze am 08.11.07 20:56:18Darin liegt ja auch der Kick, sowie man beim Bungiejumping auch eine Wahrscheinlichkeit von < 0,01 hat, dass das Seil reißt.


Wer viel lange Weile hat oder Probleme beim Einschlafen kann sich mal von hier ein par nette meditative Audiofiles auf den Ipod ziehen:

http://www.beearly.com/favourites.htm

noch wasvon Anfang 2006 zur Übernahme des Directorchairs durch Jens.)

The market thinks Jens Hansen's Melkior Resources Inc. is about to reveal some big new plans, but those expectations could be premature. A share cost just four cents last fall, but interest began picking up in early December and Melkior's shares quickened their climb in the new year. Over five million shares traded late last week and that prodded Melkior's stock to an intraday high of 17 cents.

Mr. Hansen was less enthusiastic about the Melkior surge, which he credited to Internet chatter and a slop-over effect from a deal Goldcorp Inc. did with his Beaufield Consolidated Resources Inc. He took the top job at Melkior last summer with the hope of reviving the slumbering explorer, but speculators could have a wait before the company gets rolling on any new mineral hunt. Melkior has two intriguing plays currently on its books, but Mr. Hansen has no big plans so far.

The revival

Mr. Hansen became president early last summer, replacing promoter Francois Desrosiers, who held the job since the spring of 2003. Mr. Desrosiers was busy with several other junior explorers and the market was giving most of them a rough ride.

Investors seemed hopeful when Mr. Desrosiers took over. Melkior's shares ran from a nickel to a quarter by the spring of 2004, on the appeal of an Ungava metal play. The story then lost its steam and a share cost just three cents last year.

Mr. Hansen, a Melkior director since 1996, said Mr. Desrosiers was having some difficulty maintaining the company's financing, and that prompted a management shuffle. "We thought it best that he concentrate on his other interests." Those other projects include Big Red Diamond Corp. and AntOro Resources Inc.

Mr. Hansen took over a company with a working capital deficiency of over $360,000, but it should soon be in the black. Melkior is working on a private placement that could bring in $600,000 in new cash, through plans to sell up to 4.8 million units at 12.5 cents each. Each share would come with one-half of a warrant, exercisable over the next year at 15 cents. That could supply the company with an extra $360,000 in cash.

The company will use some of the money for general working capital; no surprise given the state of its treasury. At the end of August, Melkior still had a working capital deficiency of about $260,000. Melkior subsequently sold 4.1 million units at a nickel each, fetching about $200,000.

That sale included 4.1 million warrants and priced at a dime, they could help get Melkior's accounts back in the black. The company previously had two million options and 3.4 million warrants that are in or close to the money. They could contribute another $600,000 to the company's coffers.

The speculation

The private placement proved Mr. Hansen could find exploration dollars, but it apparently was a challenge. "When your stock is at a nickel, nobody wants it." Increasing numbers of investors now want the stock, although their expectations could be getting a bit ahead of Mr. Hansen's plans.

A Quebec gold play and a deal with Goldcorp kept Mr. Hansen busy late last year and that is fuelling the current market hopes for Melkior. Consolidated Beaufield has an intriguing gold property in the James Bay region that is key to is recent popularity. The Opinaca project is close to the Eleonore deposit, which Goldcorp is acquiring through a takeover of Virginia gold Mines Inc.

Goldcorp also has some interest in the Opinaca property. The gold major just agreed to buy $3.4-million worth of Beaufield's shares. The prospect of James Bay gold pushed Consolidated Beaufield's shares from a quarter to a recent crest of 90 cents, as about 12 million shares traded in a five-day stretch. Consolidated Beaufield's promotional success is leading speculators to hope Mr. Hansen will take a similar route to revive Melkior.

Melkior may go shopping for a new project, although the company has no firm plan for the moment. Mr. Hansen said he absolutely was not going to promise anything, although he would not rule out a new play, if it were something he liked. "We can now afford to take a trip to a property," he added.

The old plays

Some of the new cash will likely go to Melkior's current projects, as Mr. Hansen had little trouble controlling his enthusiasm for the old hunts. The Ottawa-based geophysicist said Melkior would use "a bit of the new cash" to preserve its interest in a project in the Democratic Republic of the Congo.

The company promoted its Congo copper hunt in the 1990s, and the African metal project was the driving force behind Melkior's surge from pennies to a high of $2.70 in 1996. The project delivered some good copper assays and an old estimate suggested about 3.7 million tonnes of rock containing 3.7 per cent copper and 0.7 per cent cobalt.

Melkior touted plans for a feasibility study in 1997, but the promotion lost its edge during the resource sector slump of the latter half of the 1990s. Melkior apparently had a 60-per-cent interest in the project at one time, but the company ran out of cash in 2000. That complicated Melkior's ownership of the play, which it shared with Trillion Resources Ltd. and a Congo company.

Melkior thinks it still has a 20-per-cent interest in the project, although the company notes that its lawyers have not confirmed that position. Without the cash to advance the play, Melkior's partners are increasingly impatient. "Our tenure is pretty dicey," Mr. Hansen said.

The company's president thinks Melkior has some "pretty good assets" in Quebec, but he seems reluctant to light any promotional fires. The company's Delta-Kenty copper and nickel project in the Ungava region also dates from the 1990s, and it offers an intriguing grade. Earlier exploration outlined about 800,000 tonnes of rock with a nickel content of about 3 per cent, with a copper grade of about 1.26 per cent. Still, Melkior's president said the material could not be called a reserve, or anything like it.

The project is about 70 kilometres from the Falconbridge Ltd. mine at Raglan and the nickel giant is Melkior's partner on the Delta-Kenty play, holding a 51-per-cent interest. That leaves Melkior with a 49-per-cent share, but the company is not pushing for a big exploration program. Mr. Hansen said Falconbridge currently did not need more nickel in the Ungava region, and that would leave Delta-Kenty on hold. "We are going to let it sit," he said, adding that it nevertheless was a great asset.

Melkior also has a Quebec gold play and it plans some work on the project, but Mr. Hansen was not brimming with enthusiasm over the plans. The company picked up its 4,950-hectare Launay gold property about 20 years ago and earlier work offered some encouraging results.

A year ago, Melkior mused about 540,000 tonnes of rock on Launay, with an average gold content of about 4 grams per tonne. That worked out to about 66,000 ounces, although the company quickly had to clarify its modest tally as an historical resource, not a reserve.

Melkior spent a bit of cash on the play recently, but that effort apparently was required to fulfill flow-through commitments. Over the past two years, the company managed line cutting, geophysics and surface sampling on the property; hardly the stuff that triggers a market frenzy. Mr. Hansen said some holes drilled on the property about 20 years ago were interesting, adding that Melkior would "go back and have a look some time in the future."

The players

Born in Denmark, Mr. Hansen moved to Canada in the 1960s. Geophysical contracting took him to the wilds of Botswana, South Africa and the Middle East early in his career, but he turned to the promotional end of the business about 20 years ago. Mr. Hansen was the president of Trillion for several years in the 1990s and he is currently head of Beaufield.

Mr. Hansen had promotional success with Trillion, with the help of Ron Netolitzky. The stock went for about $1 when the two got the story going in 1992, but it took nearly $8 to buy a share in the spring of 1996, largely because of interest in the company's African plays. That old rally and the current Beaufield surge are adding to speculative interest in Melkior, but the company's newest shareholders may be considerably more impatient than Mr. Hansen.

Melkior added two cents Monday, closing at 16 cents on 852,000 shares.


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