Formation Capital, Kobalt und Uran - 500 Beiträge pro Seite

[pisa]

Nachdem wir nun alle mit Uran reich geworden sind, fragt man sich, was als nächstes kommt. Während Uran noch eine Weile laufen wird, ist Kobalt dabei, eine ähnliche Story zu entwickeln.
Formation Capital ist ein kanadischer Explorer (die sitzen also nicht irgendwo im Busch wo alle naselang jemand erschossen oder enteignet wird) der einen Superhebel auf den Kobalt Preis bietet. Das Team besteht aus sehr erfahrenen Leuten, das ist nicht selbstverständlich in dieser verrückten Zeit bei Minen.

Bei Kobalt ist ein deutlicher Nachfrageüberhang für die nächsten Jahre zu verzeichnen, Paralellen zur Entwicklung des Uranpreises lassen sich aufzeigen.

Website:
www.formcap.com
TSX:FCO, FCO.TO

Enjoy,
pisa

[pisa]

Hier noch etwas background zu Kobalt - lesenwert -

Fri Feb 16, 2007
Targeting a Tight Cobalt Market
Publisher: ResourceInvestor.com
Author: Richard Reinhard

--------------------------------------------------------------------------------

SEATTLE (ResourceInvestor.com) -- It isn't as hot as uranium or as precious as gold but cobalt's profile will continue to growing the coming months and years. The price has almost doubled from $16 - $30 per pound these past few months due to supply issues and steady buyers. The issue at hand for investors though, is that there are precious few public cobalt companies.
It is becoming apparent that there is huge potential for companies positioned to provide a stable supply of cobalt. Demand is increasing into what is a very tight physical market, and there is real fear that current supply could be constricted.

This is from a recent story from Metal-pages.com: "'It's just been non-stop,' said one London trader. 'This January is the busiest in 30 years.' He has paid $26.25 for Russian metal, predicting the shortage of stocks will send prices higher still. Consumers are so desperate for metal they are calling him at 11 in the evening, he said. He predicted cobalt prices will rise above $30 before the end of the month."

The only cobalt-focused companies on my radar screen are Geovic Mining Corp [TSXv:GMC] developing its open pit cobalt-nickel deposits in Cameroon, Africa, and Formation Capital [TSXv:FCO], developing a cobalt deposit in Idaho.
Cobalt inventories are low -- one source suggested only a few days' supply. Cobalt is used extensively in batteries for hybrid cars (both nickel and lithium ion) and many electronic devices -- cell phones, laptops etc., all of which are experiencing increasing sales. Inventories are low around the world, at a time when demand is picking up.

Since 1993 cobalt prices were held down largely by sales from the U.S. Government stockpile, and lower grade cobalt material coming from the former Soviet Union. With these sources depleting, the market has little inventory to draw from, now relying primarily on new production.

In late 2006 Russia-based Norilsk, already accounting for 20% of the world's nickel and cobalt production, announced the buyout of U.S.-based OM Group's (OMG) substantial nickel interests. OMG was the world's largest producer and manufacturer of cobalt products as a by-product of their nickel production. Now, Norilsk controls a much larger slice of the pie, and the market remembers their recent resolve to withhold supply in an effort to buoy cobalt prices.

As part of their takeover agreement, Norilsk entered into a 5-year supply agreement with OMG to provide them with 6,500 million tonnes per year of cobalt in various grades, but there is uncertainty about how OMG will distribute these diminished supplies. The cobalt market is increasingly nervous that spot supplies will stall; when the Norilsk-OMA agreement was announced, market-savvy cobalt consumers immediately tried to increase stockpiles.


Then BHP Billiton [NYSE:BHP] stopped selling cobalt. Though it only controls two per cent of the market, that move quickly strengthened an already tight physical market. The market's reaction to these events, coupled with already substantial and further expected increases in demand, drove the cobalt price from $16 to nearly $30 per pound during the last four months of 2006.

Although there is no tertiary market for cobalt like the LME or COMEX, price transparency is provided by quotations through sources like Platt's Metal Week, Metal Bulletin and BHP Billiton's Cobalt Open Sales Systems. Additional cobalt information is also available from the US Geological Survey and the Cobalt Development Institute.

Users obtain cobalt from traders, producers, government stockpiles and private inventories through negotiated agreements, bids and open market purchases.

Cobalt Use

Cobalt is an element that has many diverse applications:





During the last three years, cobalt use in rechargeable batteries grew by 284%. Nickel metal hydride and lithium ion batteries all contain cobalt and are used in hybrid electric vehicles (HEV), electric vehicles, laptop computers, cell phones, portable tools and electronic devices. The fastest growing segment of battery applications is for HEVs since they reduce air pollution and fuel consumption by at least 50% compared to conventional vehicles. The HEV "plug-in" option, which includes an extra battery that may be charged from electrical outlets, would further decrease fuel consumption and be even more environmentally friendly while increasing cobalt demand.

The Toyota Prius HEV was named 2004 Motor Trend Car of the Year and 2005 European Car of the Year. Toyota estimates sales of one million hybrid vehicles per year by 2012, and will offer all Toyota and Lexus models as hybrids. General Motors, Ford, Daimler-Chrysler, Mercedes and others are attempting to catch up with Toyota's hybrid success. China anticipates that a high percentage of its domestic car market will be HEVs and electric vehicles by 2030.
Nearly all current HEVs use nickel-metal hydride batteries that contain about 22 pounds of nickel and 3 to 5 pounds of cobalt. Lithium-ion batteries containing 5 to 7 pounds of cobalt are expected to dominate future HEV markets because they charge in minutes rather than hours and offer many other economic and technical advantages.

Cobalt Supply and Demand

Demand Profile







Source: Actual supply and demand by USGS
and the Cobalt Development Institute.

Cobalt consumption in 1995 was only 24,000 tonnes, but during the past 10 years has grown at an average rate of 12.9% per year, and continues to grow.
Approximately 41% of the world's cobalt produced in 2005 was a by-product of nickel from sulfide and laterite deposits. An additional 53% was produced as a by-product of copper, mainly in the Democratic Republic of the Congo (DRC) and Zambia. The remaining 6% of cobalt production comes from small primary producers in Morocco and Uganda. Cobalt prices fluctuate significantly, partly in response to labour and political unrest as experienced recently in New Caledonia and historically in the DRC.

The chart below suggests that the market will easily absorb increased cobalt production. The indicated supply deficits in 2007 and 2008 are a result of increasing demand and expected lag in production from projects proposed by other companies.






Source: Actual supply and demand by USGS, the Cobalt Development Institute and other independent research groups.

Summary

In this new wireless and environmentally conscious age, cobalt demand is going to increase as supplies are tightening. We recently witnessed the small universe of publicly traded uranium producers / developers (4 of them) give investors phenomenal returns. Once the market becomes more educated about cobalt and industry analysts start talking about it, watch a flood of capital flow towards the very few publicly-traded primary cobalt companies available to investors.

-END-


Thu Feb 8, 2007
Cobalt Rising
Publisher: Metal-Pages

[stupidgame]

Antwort auf Beitrag Nr.: 27.991.963 von pisa am 26.02.07 22:43:29

Hi pisa!

Ich watch die schon eine Weile. Aber mit dem Kobalt, das wusste ich noch nicht. Habe die Aktie seit den, wirklich excellenten Uran-Drillresults (Schnitt 1-6%; max. 18%) auf der Watch. Hatte mir die Firma aber noch nicht weiter angeschaut. Muss ich wohl nachholen.

Gruss
s.

[pisa]

klar das mit Uran ist gut, aber darin unterscheiden sie sich nicht von vielen anderen Uran Explorern. Kobalt ist der main driver für diesen explorer und eröffnet exzellente Chancen in einer sehr frühen Phase (vgl Strathmore Minerals (Uran) oder sogar Inmet Mining (Zink, Kupfer, Gold - die gabs für € 1,30 back in 2001).

Enjoy,
pisa

[pisa]

0,53 can$ heute in toronto, gut zum einsammeln...

enjoy,
pisa

[pisa]

Antwort auf Beitrag Nr.: 28.014.482 von pisa am 27.02.07 22:12:44

Der Nachfrageüberhang für Kobalt wird grösser...

Tue Feb 27, 2007
BHP withdraws from Co sales
Publisher: Metal-Pages.com

--------------------------------------------------------------------------------

LONDON (Metal-Pages) 27-Feb-07. Availability of cobalt has tightened further today, after BHP Billiton withdrew from sales of the metal on its website.

"WMC are not currently posting Prices and Quantities," the firm says on http://cobalt.bhpbilliton.com/, with reference to its Australian subsidiary. "Please check again later."

BHP's last sale was made today, of five tonnes to a European customer at a price of US$29.99/pound for delivery next month. Prior to that two sales were made yesterday to consumers in North America, at $28.25/pound and $29/pound respectively. The company previously pulled out of the market in November, a step which usually comes when prices are rising sharply, which does not seem to be the case at present, although levels continue on an upwards trend.

The move comes with supply already squeezed following Russian major Norilsk Nickel's deal with American firm OM Group. Last week the firm failed to hold an auction of part of its existing cobalt stocks as had been forecast.

Russian material is currently seen at $27-28/pound for cobalt 99.3% and $28.50-29.50/pound for high grade material, both edging up from levels seen last week.

-END-

[pisa]

Formation Capital on TV am Wochenende, video schon jetzt auf yahoo finance (siehe link, schauts auch an)
On Mar. 3rd and Mar. 4th, 2007 - on National TV, BTV-Business Television profiles:

Formation Capital Corp. (TSX: FCO.TO): http://www.b-tv.com/i/videos/FormationCapital.wmv - is a well established, mineral exploration, development and refining company. Their primary assets include the Idaho Cobalt Project and the Big Creek Hydrometallurgical Complex.

Avalon Ventures Ltd. (TSX-V:AVL): http://www.b-tv.com/i/videos/Avalonbtv.wmv - is a Canadian junior mineral exploration and development company with a primary focus on industrial minerals and rare metals.

Northern Freegold Resources Ltd. (TSX-V:NFR): http://www.b-tv.com/i/videos/NorthernFreegoldbtv.wmv - has a focus on the Mt. Freegold area of south-central Yukon. Their plans include expanding and developing their large land package that is now the Freegold Mountain Project.

BTV, a half-hour weekly business program, profiles emerging public companies across Canada and the USA. With Host Taylor Thoen, BTV features companies at their location, interviews the company's key executives, features their products and services and unveils their plans for future growth.

BTV BROADCAST TIMES:

CANADA: -- Ontario: SUNTV -- Sun. Mar. 4th @ 9:00am EST, BC/Washington: KVOS TV -- Sun. Mar. 4th @ 4:30pm PST AB/Edmonton: CITY TV -- Sat. Mar. 3rd @ 10:30am MST Bell Express VU and Star Choice -- West SUNTV Sun. Mar. 4th @ 6:00am PST U.S. national: -- America One -- Sat. Mar. 3rd@10:30 am EST www.americaone.com

[pisa]

Ok hier nochmal der Link zum TV Beitrag
http://www.b-tv.com/i/videos/FormationCapital.wmv

[pisa]

im Moment noch 0.55 CS in Toronto

[pisa]

soll heissen C$

[pisa]

gibt noch was für 0,56 C$ in toronto

[pisa]

so heute Reaktion auf den TV- Beitrag vom Wochende.

Im Moment 0,58 C$ in Toronto, hoch 0,60 bei ordentlich Volumen.

Enjoy,
pisa

[pisa]

Kobalt Preise klettern weiter

Prices and Quantities
Month Available Quantity Price
(USD/lb) Delivery Terms
Mar 2007 5 MT $31.50 CIF main Asian port,
CIF main North American port,
DDP - Europe


Recent Sales
Sale Date Quantity Delivery Date Price (US$/lb) Location
27/02/2007 5 MT Mar 2007 $29.99 Europe
26/02/2007 Less than 5 MT Feb 2007 $29.00 North America
26/02/2007 10 MT Feb 2007 $28.25 North America
14/02/2007 5 MT Feb 2007 $27.75 Asia

[pisa]

Antwort auf Beitrag Nr.: 28.148.606 von pisa am 06.03.07 16:21:09

aktueller Kurs C$ 0,61 in Toronto, nimmt fahrt auf...

[pisa]

schlusskurs gestern 0,62 C$ .Stetiges kaufen bei hohem Volumen. Gar nicht so schlecht für die wenigen Tage (von 0.54).
--enjoy
pisa

[pisa]

opening 0,63 C$ in Toronto, life is good

[pisa]

Antwort auf Beitrag Nr.: 28.148.606 von pisa am 06.03.07 16:21:09

Kobalt stetig teuerer
http://cobalt.bhpbilliton.com/

007 5 MT $32.50 CIF main Asian port,
DDP - Europe,
In warehouse North America


Recent Sales
Sale Date Quantity Delivery Date Price (US$/lb) Location
14/03/2007 5 MT Mar 2007 $32.00 Europe
13/03/2007 5 MT Mar 2007 $31.50 Europe
27/02/2007 5 MT Mar 2007 $29.99 Europe
26/02/2007 Less than 5 MT Feb 2007 $29.00 North America

[pisa]

Antwort auf Beitrag Nr.: 28.306.739 von pisa am 15.03.07 11:55:39

Wed Mar 14, 2007
Cobalt climbs steadily
Publisher: Metal-Pages
Author: metal-pages.com

--------------------------------------------------------------------------------

LONDON (Metal-Pages) 14-Mar-07. The cobalt market continues firm, with a few 5 tonne sales on the BHP Billiton site reflecting business at the higher levels.

The company sold 5 tonnes of cobalt in Europe yesterday at $31.50/lb, its first sale since the end of February when it concluded 5 tonnes in Europe at $29.99/lb. The company sold a second 5 tonnes today, again to Europe, at $32/lb and moved up its quotation back up to $32.50/lb.

Russian cobalt producer Norilsk is currently indicating $29.35/lb for material on its website.

Generally, the market is indicated at $29-30/lb for 99.3% and $29.50-32.00/lb for 99.8%, although market participants still differ on both the highs and lows. One European trader, for example, says that although BHP sold at $32/lb today, he has been unable to sell Falconbridge grade material at $30.50/lb. "I'm not saying the market isn't firm," said the source, adding: "It's definitely not weak. But it's a strange market. And it's been quiet for me. I believe that certain forces are pushing the price up -- buying 5 tonnes here and there on the web to this effect."

Consumer sources have also expressed concerns, that this could be the case, although they too can't deny that fundamentally things are firm for cobalt.

Other more bullish trade sources have a more robust view of the market. "Demand is rampant," said one such trader, "I've had 700 emails in from people looking for demand -- particularly from US customers. All my long-term customers have been taking 50% more this year. With consumption at 65,000 tonnes now, we have a deficit of 4,500-5,000 tonnes. It really is a case now of finding units not price. Demand is off the wall."

The trader claims to have sold above $31 in the US and could have asked for more. "There are reports that the DLA could be out of cobalt by the end of this year. There is no new cobalt supply out there and demand is rampant. I predict cobalt at $100 next year."

According to the source cobalt at this price is small fry to the savings the aerospace industry will make in its new generation, fuel efficient aircrafts, like the airbus. However, cobalt chemical producers who serve the battery sector are quick to express concerns over substitution when the market is volatile, or price climbs too high and fast.

At the moment cobalt is climbing steadily. But, undoubtedly, some turbulence can be expected in the months ahead.

-END-

[pisa]

Sehr informativer report vom Cobalt Development Institute. Page 13 ist eine schöne Tabelle aller Kobaltproduzenten zu finden inclusive estimates für Förderung 2010.

http://www.thecdi.com/cdi/images/news_pdf/cobalt_news_jan07.…

[pisa]

Es geht voran!

Formation Capital Corporation: Public Shows Support at Forest Service Public Meetings on Idaho Cobalt Project's Draft Environmental Impact Statement
Monday March 26, 8:30 am ET


VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 26, 2007) - Formation Capital Corporation (Formation) (the Company) (TSX:FCO - News) today reported the public meetings held by the United States Forest Service (USFS) on the Company's proposed Idaho Cobalt Project (ICP) produced a broad display of public support for the project and the jobs it will create at recent hearings conducted in Salmon and Challis, ID, on the draft Environmental Impact Statement (EIS) for the project.
ADVERTISEMENT


According to Bill Scales, president of Formation Capital Corporation, U.S., the economic contributions of the environmentally sound mine are projected to include over US $8 million in annual local, state and Federal taxes generated from the mine and result in the creation of 157 well paying jobs in Lemhi & Custer counties.

"A large number of local citizens showed up at our hearing to testify in support of our project and the economic opportunities it will create for both Lemhi & Custer counties," said Bill Scales. "We want to further encourage all those who attended to submit their comments in writing to ensure the Forest Service's record of decision reflects their thoughts," he said, noting that, "The deadline to submit comments is April 24, 2007." Scales added the Company was pleased by the turnouts in both Salmon and Challis at the Company's two informational meetings as well as the USFS hearing. He pointed out that while the USFS prefers specific comments or issues relating to the Draft EIS, it nonetheless accepts generic comments.

"The facts are there and it is easy for all to see. Not only will this mine add a much needed boost to the local economies, but it will do so in an environmentally sound manner while producing a metal vital to many environmental applications," Scales stated, adding, "We are gratified to see the public backing the project first hand, further supporting the views of the public that were outlined in a previous opinion poll."

In December of 2005, Moore Information of Portland, Oregon conducted a telephone survey opinion poll that consisted of 300 interviews among a representative sample of Lemhi county residents 18 years and older. The poll revealed that the economy and jobs were the most important issues on the mind of Lemhi county residents. The survey indicated that after being read a set of facts about the cobalt project, those favoring the project jumped to 84% from 73% with opposition dropping to 6% from 9%.

Formation Capital Corporation is dedicated to the principles of environmentally sound mining and refining practices, and believes that environmental stewardship and mining can co-exist.

Formation Capital Corporation trades on the Toronto Stock Exchange under the symbol FCO.

Formation Capital Corporation

Mari-Ann Green, C.E.O.

The statements contained in this news release in regard to Formation Capital Corporation that are not purely historical are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including Formation Capital Corporation's beliefs, expectations, hopes or intentions regarding the future. All forward-looking statements are made as of the date hereof and are based on information available to the parties as of such date. It is important to note that actual outcome and the actual results could differ from those in such forward-looking statements. Factors that could cause actual results to differ materially include risks and uncertainties such as technological, legislative, corporate, commodity price and marketplace changes.



Contact:
Mari-Ann Green
Formation Capital Corporation
C.E.O.
[phone]
[phone] (FAX)
Email: [e-mail]
Website: www.formcap.com

Investor Relations
Contact Encompass Communications
Toll Free: 1-877-566-6592


--------------------------------------------------------------------------------

[pisa]

Hier der report auf Kitco. Da eine Mine immer im Verdacht steht die Leute und die Umwelt zu vergiften ist es um sow bemerkenswerter, dass die Bevölkerung und Behörden voll Pro beüglich der geplanten Kobalmine sind.

http://www.kitco.com/pr/1664/article_03262007131306.pdf

Enjoy,
Pisa

[pisa]

Schlechtes Umfeld aber gute Performance bei FCO da die Kobaltmine on track ist...

SK Can 0,64, + 10,34%

Enjoy,
Pisa

[pisa]

SK gestern 0,65 CAN, nächste Bewegung Angriff auf ATH bei 0,69.

[pisa]

trotz schlechtem Umfeld 0,66 CAN, +1,54%

[pisa]

in D heute 0.44, +12%

[pisa]

SK in CAN heute 0,67 C$, so gefällt mir das, jeden Tag unbermerkt ein zwei Pünktchen hoch

Enjoy,
Pisa

[beluschi]

Antwort auf Beitrag Nr.: 28.575.566 von pisa am 29.03.07 23:41:25

hallo pisa

wie siehst du die entwicklung des kurses bei formation capital? habe mir mal ein paar stück ins depot gelegt.

gruss beluschi

[pisa]

Antwort auf Beitrag Nr.: 28.575.902 von beluschi am 30.03.07 00:42:57

Hi Beluschi,
sei willkommen.

Ich habe keine konkreten Kursziele. Seit ich die hier bespreche hat der Kurs hat sich ja von 0,53 C$ auf jetzt 0,67 C$ schon langsam und stetig entwickelt. Das gefällt mir, viel besser als so 20-30% spikes an einem Tag.
Interessant hier das Formation eines der wenigen Cobalt plays darstellt, und auch noch ziemlich unbekannt ist. Kobalt schein so langsam eine ähnliche unbemerkte Preissteigerung wie Uran seinerzeit aufzubauen.

Das Idaho Kobalt projekt halte ich für sehr vielversprechend. Wichtig hier, dass die Behörden und die Bevölkerung die Mine unterstützen. Als das bekannt wurde habe ich die Position aufgestockt (ich kaufe einen explorer meist in drei Tranchen). Weiter gefällt mir dass sie in Nordamerika sind, das schliesst schon mal eine Menge mögliche Querelen aus (wie in Ekuador oder Kongo etc). Uran assets haben Sie auch noch, aber ich denke der grösste drive geht vom Kobalt aus.

Bei mir läuft Formation als möglicher Tenbagger . Voraussetzung: Kobaltpreis zieht weiter (wovon ich ausgehe) und das Idaho Projekt wird ein Erfolg (wovon ich ebenfalls ausgehe)

Enjoy,
Pisa

[beluschi]

Antwort auf Beitrag Nr.: 28.576.418 von pisa am 30.03.07 07:55:21

chart sieht sehr gut aus... hoffe er schliesst das "gap" noch nicht.

[scout]

Antwort auf Beitrag Nr.: 28.575.566 von pisa am 29.03.07 23:41:25

Die ein, zwei Pünktchen pro Tag waren mir fast lieber als der schnelle Anstieg heute. Habe erst im Juni 06 nochmals nachgekauft und möchte die Kursgewinne steuerfrei einfahren. Aber da wir ja einen 10-bagger erwarten, hat es mit dem Verkaufen ohnehin noch Zeit, hoffentlich.
Scout

[beluschi]

hallo scout

soll man gewinn einfahren oder den titel noch laufen lassen?

bin wohl zu einem guten zeitpunkt noch eingestiegen.

gruss

beluschi

[pisa]

Antwort auf Beitrag Nr.: 28.587.238 von beluschi am 30.03.07 16:43:35

was seh ich, durch ATH wie durch Butter 0,75, +11,94%

Mensch beluschi, warst Du das etwa , mit was für einer Riesenposition bist Du denn reingegangen in CAN unlimitiert

Nee klar laufen lassen.
Müssen wir nur rausbekommen was dahinter steckt.

Enjoy,
Pisa

[pisa]

Antwort auf Beitrag Nr.: 28.586.800 von scout am 30.03.07 16:25:15

Agree. Irgendwann kommt aber halt mal der Punkt wo ne Menge Leute gleichzeitig darauf aufmerksam werden..

Laufen lassen..

[scout]

Antwort auf Beitrag Nr.: 28.587.238 von beluschi am 30.03.07 16:43:35

Hallo beluschi,
diese Frage kann ich natürlich nur für mich beantworten. Eine Spekulation in riskanten Pennystocks mache ich nicht mit dem Ziel von einigen zweistelligen prozentualen Kursgewinnen, da muß schon deutlich mehr möglich sein. Mit FCO haben wir, so glaube ich, ein Papier erwischt, das sich tatsächlich vom vorjährigen Tief bei 0,25 C$ ausgehend verzehnfachen kann. Das wären dann 2,5 C$. Bei heute ~ 0,75 C$ ist das noch immer mehr als eine Vedreifachung. Die Marktkapitalisierung beträgt dann noch immer weniger als 400 Mio C$, das ist für eine in Kürze produzierende Gesellschaft nicht übertrieben.
So wie der Genehmigungsprozess jetzt läuft, kann ich mir in den nächsten Monaten auch keine negativen Nachrichten vorstellen, so daß man ruhig den Kursverlauf beobachten kann.
Scout

[pisa]

Antwort auf Beitrag Nr.: 28.588.230 von scout am 30.03.07 17:21:46

"Eine Spekulation in riskanten Pennystocks mache ich nicht mit dem Ziel von einigen zweistelligen prozentualen Kursgewinnen, da muß schon deutlich mehr möglich sein"

Bist Du mein Bruder?
Genau meine Meinung.

Grüße,
Pisa

[beluschi]

Antwort auf Beitrag Nr.: 28.588.357 von pisa am 30.03.07 17:26:24

danke.

behalte den titel im depot.

schau mal ca:cbs an. könnte auch noch interessant sein.

gruss und schönes wochenende.

[scout]

Antwort auf Beitrag Nr.: 28.588.517 von beluschi am 30.03.07 17:32:02

Danke für den Hinweis! Das ist ja ein Moly-Play. Die sind alle gleichzeitig explodiert, da muß es eine massive Empfehlung gegeben haben. Ich bin schon seit längerem in UNB investiert. (Ähnlicher Hintergrund wie FCO, will nämlich in USA produzieren). Hat sich aber leider biher am schwächsten entwickelt. Ich werde mal am Wochenende alle Homepages der Moly-Explorer durchchecken.
Weitere Moly-Explorer sind:
CYU, BLE, TJS, TCR, VGM
Scout

[pisa]

Antwort auf Beitrag Nr.: 28.589.425 von scout am 30.03.07 18:06:32

interessant.
Ich hab noch einen bet auf ATW laufen, nix furchterrendes aber noch ganz früh, sehr gute Leute.

Enjoy,
Pisa

[pisa]

sagt mal, weiss nun jemand warum wir heute so durchgestartet sind?

Ich such und such und find nix

[pisa]

also die Kanadier haben uns irgendeine Info voraus, so wie die Freitag geschlossen haben. Mal sehen wann die hier in D ankommt.

Enjoy,
Pisa

[beluschi]

Antwort auf Beitrag Nr.: 28.617.133 von pisa am 02.04.07 09:08:20

habe auch nichts gefunden.

hoffentlich gehts am nachmittag mit dem kurs in kanada noch ein treppchen nach oben.

wie siehst du das mit den gaps die noch geschlossen werden könnten?

gruss
beluschi

[pisa]

Antwort auf Beitrag Nr.: 28.619.862 von beluschi am 02.04.07 11:58:27

ich seh nur dass die Aktie massiv nach oben will .. in CAN schon wieder im plus

Nicht das mich das stoeren wuerde

Enjoy,
Pisa

[pisa]

was wirklich erstaunlich ist..

Obwohl wir gut gelaufen sind die letzten Tage ; keine Gewinnmitnahmen

Enjoy,
Pisa

[pisa]

so jetzt doch ein paar Gewinnmitnahmen in CAN. 0,73 C$ (-5%). Wahrscheinlich laufen wir jetzt an das Ausbruchsniveau heran, sollte spätestens in der nähe des alten ATH bei 0,69 wieder drehen.

Enjoy,
Pisa

[pisa]

Antwort auf Beitrag Nr.: 28.619.862 von beluschi am 02.04.07 11:58:27

Hi beluschi,
gestern Tief war 0,72 C$, aber geschlossen haben wir dann schon wieder bei 0,75. Das war retest des Ausbruchlevels, oder wie siehst Du das?

Enjoy,
Pisa

[beluschi]

Antwort auf Beitrag Nr.: 28.654.418 von pisa am 04.04.07 11:11:31

hallo pisa

hat noch zwei gaps die geschlossen werden könnten. (muss aber nicht sein).

das erste bei 0.67 das zweite bei 0.59

mir wäre es eigentlich recht, wenn er ein paar tage auf diesem niveau bleiben würde, bis di 14 tägige sma linie nachziehen kann.
(bigchart)

längerfristig gesehen habe ich eigentlich ein gutes gefühl.

obwohl an der börse weiss man ja nie.

gruss

[pisa]

Antwort auf Beitrag Nr.: 28.655.194 von beluschi am 04.04.07 11:46:20

na klar langfristig sieht es sehr gut aus. Sonst wäre ich hier nicht drin
Im übrigen denke ich immer noch dass es einen Grund für den raschen Anstieg gibt. Den sollten wir doch in den nächsten Tagen erfahren...

Danke für deinen Input,
Enjoy,
Pisa

[pisa]

Antwort auf Beitrag Nr.: 28.657.105 von pisa am 04.04.07 13:06:50

Neue Info hab ich noch nicht gefunden.
Nagut, kann sein dass fco nächste Woche positiv besprochen wird und der eine oder andere ahnt/weiss schon...

In D gibts Käufe statt Verkäufe wenn auch nicht das Riesenvolumen

Enjoy,
Pisa

[pisa]

Antwort auf Beitrag Nr.: 28.679.807 von pisa am 05.04.07 16:54:33

heute in can 0,77 C$, +5.48%.

Sieht sehr gut aus. In die Nähe des Ausbruchsniveaus zurückgekommen, getestet und gleich wieder nordwärts .

Scheinen einige Investoren über Ostern ein bisschen strategiscg gedacht zu haben..

Enjoy,
Pisa

[pisa]

jetzt 0,78 C$, nicht viel, aber weiter nordwärts

Also das ist schon beeindruckend die performance über die kurze Zeit. Kein Uberschiessen, langsam, stetige Höherbewertung die nur im längeren Zeitraum spektakulär aussieht..

Enjoy,
Pisa

[beluschi]

Antwort auf Beitrag Nr.: 28.745.878 von pisa am 10.04.07 20:06:43

hoppla! was ist denn heute in deutschland los? plus 8%!

hoffentlich zieht canada kräftig nach.

[pisa]

Da hat jemand ein paar Stücke zum Briefkurs genommen.
Unabhängig davon haben wir bis jetzt doch eine schöne Performance gesehen die letzten Wochen.

Enjoy,
Pisa

[pisa]

Das Beste dabei ist, dass Sie eine Frau ist, der glaubt man dass einfach mit der Umwelt im Gegensatz zu diesen verwitterten männlichen Mining vets

--------
Formation Capital CEO Encouraged by Outreach Efforts
Thursday April 12, 1:55 pm ET


VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - April 12, 2007) - Formation Capital Corporation (Formation) (the Company) (TSX:FCO - News), owner of the Idaho Cobalt Project, reported today that its Chief Executive Officer, Mari-Ann Green, returned from an April 4th and 5th visit to Boise strongly encouraged about maintaining the schedule for obtaining its operating permits.
ADVERTISEMENT


Following a lengthy meeting with a key representative of the Idaho Conservation League (ICL), Ms. Green stated, "We have made it a priority for this project to be truly environmentally compatible and one worthy of support from Idaho's conservation community. To that end we have held several meetings with the Idaho Conservation League to hear what their concerns are and commit to do our level best to appropriately address any issues or questions they have."

"It is probably too much to hope for that a conservation group would endorse a mining project, but even if we can maintain an open dialogue we have done much to move the review process forward," she added.

The Company's CEO indicated the ICL had raised six issues of interest and said the Company was busily working to address each one, confident this can be done to everyone's mutual satisfaction. "I honestly do not believe the ICL would have sat down with us a second time if they did not recognize our commitment to constructing and operating an environmentally sound project," she said.

While in Boise, she reported having had dinner with Canada's ambassador to the United States, the Honorable Michael Wilson, and was pleased to be able to brief the ambassador about the project, and she met with the editorial board of The Idaho Business Review.

Underscoring the importance the Company places on a solid public outreach effort, she also reported the President of their subsidiary, Formation Capital Corporation, U.S., Bill Scales, had met this past week with the Lemhi County Commission and with the City Council and Mayor of Salmon, where he presented both bodies with the Company's proposed "Good Neighbor Agreement".

Scales reported to the local elected bodies that the U.S. Forest Service had extended the comment period on the Draft Environmental Impact Statement 30 days and that the comment period would now close on May 24th.

"It is fairly common for the Forest Service to grant extensions. The important thing is that several U.S. Forest Service officials have told us they intend to stick to the previously announced schedule for a Record of Decision which is expected to come in late summer," Scales concluded.

Formation Capital Corporation is dedicated to the principles of environmentally sound mining and refining practices, and believes that environmental stewardship and mining can co-exist.

Formation Capital Corporation trades on the Toronto Stock Exchange under the symbol FCO.

Formation Capital Corporation

Mari-Ann Green, C.E.O.
-------

Enjoy,
Pisa

[pisa]

Life is good


Cobalt Price Forecast Raised 67% by Credit Suisse as Use Surges
By Alistair Holloway

April 13 (Bloomberg) -- Credit Suisse Group raised its price forecast for cobalt, a metal produced as a byproduct of copper and nickel, by 67 percent because of rising demand for the metal in the aerospace and gas-to-liquid industries.

Cobalt will average $25 a pound this year, compared with a previous forecast of $15, Switzerland's second-largest bank said in an April 12 report. Cobalt with 99.8 percent traded this week at $30.625, according to data from publisher Metal Bulletin. Prices may rise to $40 by the end of 2007, Credit Suisse said.

The metal is an ingredient in high-temperature alloys used in jet engines. Cobalt is also used in catalysts that help to turn gas into liquid fuel, and in rechargeable batteries.

The bank said it expects ``new demand from emerging markets, such as China and India, where the launch of low-cost airlines in air travel and mobile phone usage are set to multiply among an expanding middle class.''

Cobalt stockpiles will fall and potential supplies for new projects may be delayed, London-based Credit Suisse analysts Eily Ong, Jeremy Gray, Hannah Kirby and Ephrem Ravi said in the report. Demand will exceed production through to the end of 2008, due to limited new production starting up, Credit Suisse said.

To contact the reporter on this story: Alistair Holloway in Helsinki at [e-mail] .

Last Updated: April 13, 2007 06:40 EDT

[pisa]

Antwort auf Beitrag Nr.: 28.797.180 von pisa am 13.04.07 16:41:58

das sollte uns heute ein neues ATH bescheren, ist bei Kitco ganz fett als sticky headline

[pisa]

SK Can heute C$ 0,79 Punklandung auf ATH.

Enjoy,
Pisa

[pisa]

sehe heute neues ATH über C$ 0,80

[pisa]

Antwort auf Beitrag Nr.: 28.858.523 von pisa am 17.04.07 15:12:28

Huch das ging aba schnell C$ 0,85 + 7,6%

Habe ich einen Zahlendreher drin und meinte 0,90

[pisa]

Video bezüglich coming cobalt crunch

http://www.youtube.com/watch?v=E80dBKHAYdg

[beluschi]

Antwort auf Beitrag Nr.: 28.861.522 von pisa am 17.04.07 17:18:18

hoppla! da ist ja gewaltig was gegangen.

da habe ich doch tatsächlich einmal einen titel erwischt der bis jetzt spass macht.

was denkst du, sollte man jetzt gewinne mitnehmen?

gruss, beluschi

[pisa]

wirklich interessant ist, dass FCO gestern mit C$ 0,87 geschlossen hat neuer ATH auf SK Basis, +10%.
Interessant deshalb, weil keine (mir) bekannten news vorlagen und andererseits sehr viele Minen schwächelten.

Enjoy,
Pisa

[beluschi]

Antwort auf Beitrag Nr.: 28.873.812 von pisa am 18.04.07 10:09:11

hallo pisa

was meinst du, sollte man schon gewinne mitnehmen?

gruss
blunschi

[pisa]

Antwort auf Beitrag Nr.: 28.874.904 von beluschi am 18.04.07 10:58:33

also ich nicht, warum auch.
Läuft super, langsam und stetig und ohne Übertreibungen. Sehr stark während andere Minen schwächeln. Kobalt Projekt on track. Kobalt story geht langsam in die Köpfe rein.

Also da haben wir noch weiiiten Weg vor uns IMHO.
Sieh mal in D wird FCO doch kaum gehandelt. Die wirkliche Entdeckung von einer grösseren Anzahl Anleger kommt doch erst noch. Wenn Cobalt so ein Buzzword wie Uram oder Molybdän geworden ist.



Enjoy,
Pisa

[beluschi]

Antwort auf Beitrag Nr.: 28.875.163 von pisa am 18.04.07 11:10:57

hast eigentlich recht. warum in einem aufwärtstrend verkaufen. läuft bis jetzt ja wirklich alles optimal.

chart sieht ja auch hervorragend aus. hoffe, der titel wrd uns noch freude machen.

gruss

beluschi

[pisa]

Antwort auf Beitrag Nr.: 28.875.637 von beluschi am 18.04.07 11:34:33

Start mit C$ 0,91 schon wieder 4.6% plus.

Freu Dich weiter

Enjoy,
Pisa

[beluschi]

heute kann ich mich wirklich freuen. mein anderer titel ca:itf ist auch im plus.

[pisa]

Antwort auf Beitrag Nr.: 28.880.764 von beluschi am 18.04.07 16:05:09

aba um ehrlich zu sein, ist nicht sonderlich schwer mit mining stocks im plus zu sein in dieser Zeit

Enjoy,
Pisa

[pisa]

Wed Apr 18, 2007
Formation Gives Notice of Accelerated Warrant Expiry Date

--------------------------------------------------------------------------------

Vancouver, BC, April 18, 2007, Formation Capital Corporation (FCO-TSX) (the "Company") announces that it has given Notice pursuant to the Accelerated Expiry Date provisions of the 1,868,375 Warrant Certificates issued by the Company and bearing the date September 30, 2006 (the "Warrants").

The ten (10) day weighted average trading price of the Company's common shares on the TSX for the preceding ten (10) consecutive trading days being $0.75 or more, Notice has been given to the holders of Warrants ("Holders") that the expiry date of the Warrants has been accelerated to May 17, 2007 (the "Accelerated Expiry Date").

Any and all Warrants not exercised by 4:00 p.m. (Vancouver Time) on the Accelerated Expiry Date shall be deemed cancelled without further notice to the Holders.

Apart from the aforementioned Warrants, the only remaining outstanding warrants of the Company are 187,500 warrants exercisable at a price of $0.40 due to expire June 19, 2008. There is no accelerated expiry date clause associated with these warrants.

Formation Capital Corporation is a well established, Toronto Stock Exchange listed, mineral exploration, development and refining company with interests in base, precious metal and uranium projects in Canada, the United States and Mexico. The Company's primary assets include the Idaho Cobalt Project and the Big Creek Hydrometallurgical Complex that includes the Sunshine Precious Metals Refinery which is currently producing bullion for its clients. The Cobalt Project is the only high grade, primary cobalt deposit in the western hemisphere. It is currently in the final stages of permitting and feasibility. The project is slated to produce 1,500 tonnes of high purity cobalt metal per year and contains a National Instrument 43-101 compliant resource of 46.5 million pounds of cobalt (refer to Company news release dated September 21, 2006). Cobalt is currently trading at over US$30/lb.


Formation Capital Corporation

"Mari-Ann Green"

Mari-Ann Green
C.E.O.
For further information please contact:
Formation Capital Corporation
1510 -- 999 West Hastings Street
Vancouver, B.C. V6C 2W2
604-682-6229
Investor Relations: Contact Encompass Communications toll free 877-566-6592
Email: [e-mail] - Or visit our Web site at: www

[beluschi]

hallo pisa

bitterer tag heute.... alles im minus.

fco könnte heute das gap bei 0.79 schliessen.

gruss

beluschi

[beluschi]

Antwort auf Beitrag Nr.: 28.901.321 von beluschi am 19.04.07 16:01:58

uuuupppssss!

schon passiert. hoffe wir sacken nicht noch mehr ab.

[beluschi]

Antwort auf Beitrag Nr.: 28.901.358 von beluschi am 19.04.07 16:03:19

so! gap geschlossen. jetzt kanns wieder aufwärts gehen.

[pisa]

Antwort auf Beitrag Nr.: 28.901.575 von beluschi am 19.04.07 16:12:01

naja grosse Sprünge werden wir heute wohl nicht mehr machen. Vielleicht wieder an 0,86 ran.

Anlass war wohl die warrant geschichte.
Gab es in der vergangenheit auch Unmut dass sie sich über Warrants finanzieren. Ist aber besser als Schulden aufnehmen und Zinsen zahlen.

Enjoy,
Pisa

[pisa]

Mon Apr 23, 2007
Formation Announces $15 Million Financing to Secure Timely Delivery of Mine Equipment

--------------------------------------------------------------------------------

Vancouver, B.C., April 23, 2007, Formation Capital Corporation (Formation, FCO-TSX) (the "Company") is pleased to announce the engagement of Jennings Capital Inc. (the "Agents") in connection with a private placement to be carried out on a best efforts Agency basis, of up to 20,000,000 Units of the Company to qualified investors at a price of $0.75 per Unit (the "Offering"), for gross proceeds of up to $15,000,000. The Offering is scheduled to close no later than May 23, 2007, or such other date as agreed to between the Company and the Agents (the "Closing Date"). Each Unit is comprised of one common share and one-half of one transferable common share purchase warrant, each whole common share purchase warrant entitling the holder to purchase one additional common share of the Company at a price of $1.00 per share for a period of eighteen months from the Closing Date, subject to the Company's right to accelerate the expiry date as described below. The Company has the right, but not the obligation, to include up to $2.0 million in orders on a President's list. The Company will pay a 7% cash commission (3.5% on the President's List) to the Agents and issue to the Agents warrants (the "Broker Warrants") entitling them to purchase that number of common shares of the Company as is equal to 7% (3.5% on the President's List) of the number of Units sold under the Offering. The Agents have the option, exercisable at any time up to 48 hours prior to the Closing Date, to increase the size of the Offering by up to an additional 3,333,333 Units for additional aggregate proceeds of up to $2,500,000. The Offering is subject to regulatory approval.

The securities issued pursuant to the Offering are subject to a 4 month hold period. If, at any time following the expiry of the hold period, the 10 day weighted average trading price of the Company's common shares on the Toronto Stock Exchange for any 10 consecutive trading days is $1.75 or more, the Company may give notice to the holders of the Warrants and Broker Warrants that the expiry date for exercise of the Warrants and Broker Warrants has been accelerated, in which case the Warrants and Broker Warrants will expire on the twentieth business day following the date of such notice.

The common shares and warrants that will be issued in connection with this private placement will not be registered under the United States Securities Act of 1933, as amended, and may not be sold or offered for sale in the United States or otherwise distributed in the United States, except in reliance on available registration exemptions.

Due to long lead-time delivery dates of key mine equipment, the Company's feasibility study managers and engineers have advised the Company of the necessity to advance purchase certain mine equipment, including key millsite components, in order to avoid potential construction and start-up delays. Proceeds from the private placement are intended to be used on the Company's 100% owned Idaho Cobalt Project for the purposes of down payments on such long lead-time items for the construction of the Idaho Cobalt Project, for working capital facility for the precious metals refinery, and for general working capital.

The Idaho Cobalt Project is a unique high-grade, primary cobalt deposit that is metallurgically favourable for the production of high purity cobalt products. The project is in the advanced mine permitting and bankable feasibility stages of development. The U.S.A. is a key world consumer of this environmental and strategic metal but currently has no primary cobalt production and is dependent on imported sources.

Formation Capital Corporation is dedicated to the principles of environmentally sound mining and refining practices, and believes that environmental stewardship and mining can co-exist. The Company trades on the Toronto Stock Exchange under the symbol FCO.

Formation Capital Corporation
"Mari-Ann Green"
Mari-Ann Green
C.E.O.

[pisa]

Antwort auf Beitrag Nr.: 28.954.307 von pisa am 23.04.07 15:39:18

so jetzt haben sich erstmal alle erschrocken weil sie auf die 0,75 starren.

Aber in Wirklichkeit wird hier für 0,833 angeboten. 2 shares zu 0,75 und 1 warrant zu 1,00 sind 2,50/3 = 0,833.

Weiter wird eine 4 monate lock period eingeführt.

Und die company kann die Fälligkeit der Warrants auf mehr oder weniger sofort bei Kurs von 1,75 (>1,75 10 aufeinanderfolgende Tage) stellen.
Haben wir also ein Kursziel

Die 1,75 braucht SCO damit sie das Geld aus der Warrantausübung bekommen, das sind dann nochmal 10 mio.

Sobald das ausser mir noch die anderen Investoren begriffen haben werden wir uns wohl von der Schrecksekunde erholen und wieder über 0,80 gehen.

Enjoy,
Pisa

[pisa]

Thu Apr 26, 2007
Rolls-Royce says no alternative to high-cost metals
Publisher: Reuters

--------------------------------------------------------------------------------

TALLINN (Reuters) - Prices of aerospace metals nickel, cobalt and rhenium
are at their highest for years, but engine makers have little choice but to
carry on buying them, Rolls-Royce said on Thursday.

These raw materials have special properties which mean they cannot easily be
replaced in aircraft engines, though their cost has surged recently, Leon
Grabowski, Sourcing Specialist at the firm said.

"Once it is designed, tested, flown in, it's almost impossible to take it
out," he said.

He was not able to give a figure for the impact of higher raw materials
costs on Rolls Royce's bottom line, but said the firm needed to be sure it
had a stable supply of the metals it uses.

"I'm more concerned with delivery than price," he said, referring
particularly to scarce metals such as cobalt, rhenium and tantalum.

Cobalt prices have doubled to around $30 per lb in the past year, while
nickel hit an all-time high of over $50,000 per tonne this week.

Nickel, which is mined by companies such as Xstrata , CVRD and Norilsk ,
makes up more than half of a new aircraft engine, Grabowski said.

Rolls-Royce was trying to deal with price spikes and volatile metal markets
by signing long-term contracts with producers either at a fixed price or a
capped price, or by buying up metal to keep in stock for the future.

"The challenge is to have a strategic relationship with more than a single
supplier," he said.

Grabowski was attending a specialty metals conference in Estonia.

(c) Reuters 2007.

[pisa]

BFS in Sicht... innerhalb der nächsten 8 Wochen


VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - May 2, 2007) - Formation Capital Corporation (TSX:FCO - News; the "Company") is pleased to provide an update on the progress of the bankable feasibility study on the Company's 100% owned Idaho Cobalt Project (ICP) and its 100% owned hydrometallurgical facility, now expected before the end of June, 2007. Additional time was allotted to the Company's feasibility study engineers to further refine and improve the study in a number of areas in order to increase cash flow and reduce mine capitalization expenditures.
ADVERTISEMENT


In particular, optimizing and finalizing the feasibility study's hydrometallurgical processes for recovery and purification of cobalt and copper has been completed. The process flow has been improved in a number of ways that include: the incorporation of flash cooling and continuous leach operation that has resulted in an increase in the hydrometallurgical plant capacity; the production and marketing of a 25% magnesium sulfate solution that will generate additional cash flow while reducing the amount of lime required and waste produced; the reduction in waste products generated by better utilization of reagents and the development of alternative end products; an increase in copper production capacity; and a near complete capture and re-use of nitrogen species catalysts.

The feasibility level design for the mine, crushing and grinding, the concentrator, tailings and waste rock storage facilities, and ancillary facilities has also been completed. The process equipment, tankage, piping sizes and materials of construction have all been determined with work on the capital and operating cost estimates progressing well.

"It has been time well spent," stated Joe Scheuering, Engineer of Mines and General Mine Manager, reporting from the Company's operations office in Salmon, Idaho. "On account of the high level of activity in an active metals market, there have been significant increases in equipment and consumable supply costs. The extra effort taken to improve the (bankable) feasibility study has resulted in optimizing and reducing capital and operating cost requirements and enhanced technical performance, and we will now produce a more valuable product with a market identified for one of the waste streams. Sales of this product will enhance the revenue stream as well as reduce the requirement for on-site treatment and disposal."

As announced in the Company's news release dated April 23, 2007, in order to advance the project schedule while enhancing refinery operation, detailed engineering for critical activities and procurement of critical long lead mine equipment items has already begun.

In addition, the Company has retained Ms. Annette McFarland, P.Eng., to act as Project Engineer and Mine Planner for the ICP. Ms. McFarland will be directly responsible for overseeing the finalization of the Mine Plan of Operations conforming to the final Environmental Impact Statement and Record of Decision and developing a Project Water Balance Plan using the Dynamic Systems Model developed by Telesto Solutions Inc. Ms. McFarland has a Bachelor of Science degree in Geological Engineering from the University of Idaho and previously worked as Lab Supervisor for the Monsanto Company in Soda Springs, Idaho.

A bankable (full) feasibility study is a comprehensive analysis of a project's economics (+/- 15% precision) and is used by the banking industry for financing purposes. Mr. Mike Irish, Manager of Metallurgy, P. Eng., M.S. Met. Eng., is working with the feasibility team and is the Qualified Person who has reviewed and approved the contents of this release.

The Idaho Cobalt Project is a unique high-grade, primary cobalt deposit that is metallurgically favourable for the production of high purity cobalt products. The project is in the advanced mine permitting and bankable feasibility stages of development. The U.S. is a key world consumer of this environmentally important and strategic metal but currently has no primary cobalt production and is dependent on imported sources.

Formation Capital Corporation is dedicated to the principles of environmentally sound mining and refining practices, and believes that environmental stewardship and mining can co-exist. The Company trades on the Toronto Stock Exchange under the symbol FCO.

Formation Capital Corporation

Mari-Ann Green, C.E.O.

[pisa]

Antwort auf Beitrag Nr.: 29.095.377 von pisa am 02.05.07 15:22:50

ok wieder bei 0,76 C$. Im Moment wieder 10% plus. Aber klar wir waren ja schon über ,80 vor dem announcement bzgl capital raising.

Die Wichtigkeit der BFS kann man gar nicht oft genug betonen. Und das das capital raising wegen bevorstehender Produktionsaufnahme nötig, und damit gut, ist scheint der Markt jetzt besser zu verstehen.

Enjoy,
Pisa

[pisa]

heute ohne news +8,3 % in CAN, 0,78 CS.

Tja die BFS rückt immer näher

Enjoy,
Pisa

[Extrabreit]

http://www.formcap.com/ppt/slide25.htm

[Extrabreit]

Antwort auf Beitrag Nr.: 29.276.538 von Extrabreit am 11.05.07 21:22:23

[Extrabreit]

[Extrabreit]

Antwort auf Beitrag Nr.: 29.276.574 von Extrabreit am 11.05.07 21:26:36

[pisa]

heute Käufe über pari In D.
auch das Bid über Pari.
Enjoy,
Pisa

[pisa]

Antwort auf Beitrag Nr.: 29.416.884 von pisa am 22.05.07 13:04:17

na da hatte ja jemand einen ganz direkten Draht

Wir normal sterblichen dürfen die news jetzt auch sehen

Press Release Source: Formation Capital Corporation


Formation Secures Over $20 million to Advance Cobalt Project
Tuesday May 22, 8:11 am ET


VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - May 22, 2007) - Formation Capital Corporation (Formation) (TSX:FCO - News; the "Company") is pleased to announce that, further to its news release of April 23, 2007, it has successfully completed a $20,000,000 private placement financing, of which $735,000 was completed on a non-brokered basis (the "Non-Brokered Placement").
ADVERTISEMENT


The Company engaged Jennings Capital Inc. (the "Agent") to carry out the private placement, on a best efforts agency basis, of up to 20,000,000 Units, with the option to increase it by up to 6,666,666 Units of the Company to qualified investors at a price of $0.75 per Unit (the "Offering"). The Company issued an aggregate of 26,666,666 Units pursuant to the Offering and Non-Brokered Placement, as a result of the Agent exercising its option to increase the size of the Offering resulting in gross proceeds of $20,000,000 for the Company. Each Unit is comprised of one common share and one-half of one transferable common share purchase warrant, each whole common share purchase warrant entitling the holder to purchase one additional common share of the Company at a price of $1.00 per share until November 17, 2008, subject to the Company's right to accelerate the expiry date as described in the Company's April 23, 2007 news release. Included in the $20,000,000 gross proceeds were approximately $1.26 million in orders completed from a President's list and $735,000 pursuant to the Non-Brokered Placement. The Company has paid a 7% cash commission (3.5% cash commission on the President's List) to the Agent, and issued to the Agent warrants (the "Broker Warrants") entitling them to purchase that number of common shares of the Company as is equal to 7% (3.5% on the President's List) of the number of Units sold under the Offering, at a price of $0.83 per common share until November 17, 2008, subject to the Company's same right to accelerate the expiry date.

The common shares and warrants issued in connection with Offering and Non-Brokered Placement have not been registered under the United States Securities Act of 1933, as amended, and may not be sold or offered for sale in the United States or otherwise distributed in the United States, except in reliance on available registration exemptions.

The Company also announces that, further to the Company's news release dated April 18, 2007, the Company has received proceeds of $934,187.50 from the exercise of all of the 1,868,375 warrants priced at $0.50 cents set to expire on May 17, 2007.

Proceeds from the private placement and warrant exercise are intended to be used to advance purchase certain key mine equipment, including millsite components, in order to avoid potential construction and start-up delays on the Company's 100% owned Idaho Cobalt Project and the Big Creek Hydrometallurgical Facility and for general working capital.

The Idaho Cobalt Project is a unique high-grade, primary cobalt deposit that is metallurgically favourable for the production of high purity cobalt products. The project is in the advanced mine permitting and bankable feasibility stages of development. The U.S.A. is a key world consumer of this environmental and strategic metal but currently has no primary cobalt production and is dependent on imported sources.

Formation Capital Corporation is dedicated to the principles of environmentally sound mining and refining practices, and believes that environmental stewardship and mining can co-exist. The Company trades on the Toronto Stock Exchange under the symbol FCO.

Formation Capital Corporation

Mari-Ann Green, C.E.O.

The statements contained in this news release in regard to Formation Capital Corporation that are not purely historical are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including Formation Capital Corporation's beliefs, expectations, hopes or intentions regarding the future. All forward-looking statements are made as of the date hereof and are based on information available to the parties as of such date. It is important to note that actual outcome and the actual results could differ from those in such forward-looking statements. Factors that could cause actual results to differ materially include risks and uncertainties such as technological, legislative, corporate, commodity price and marketplace changes.



Contact:
Mari-Ann Green
Formation Capital Corporation
C.E.O.
[phone]
[phone] (FAX)
Email: [e-mail]
Website: www.formcap.com

[pisa]

Antwort auf Beitrag Nr.: 29.418.525 von pisa am 22.05.07 14:46:25

so zur Erinnerung nochmal meine Einschätzung der Kapitalerhöhung vom 23.4 (Posting #74). Aus der heutigen news geht hervor das Jennings Capital auch erst ab 0,83 C$ verdient.


so jetzt haben sich erstmal alle erschrocken weil sie auf die 0,75 starren.

Aber in Wirklichkeit wird hier für 0,833 angeboten. 2 shares zu 0,75 und 1 warrant zu 1,00 sind 2,50/3 = 0,833.

Weiter wird eine 4 monate lock period eingeführt.

Und die company kann die Fälligkeit der Warrants auf mehr oder weniger sofort bei Kurs von 1,75 (>1,75 10 aufeinanderfolgende Tage) stellen.
Haben wir also ein Kursziel

Die 1,75 braucht SCO damit sie das Geld aus der Warrantausübung bekommen, das sind dann nochmal 10 mio.

Sobald das ausser mir noch die anderen Investoren begriffen haben werden wir uns wohl von der Schrecksekunde erholen und wieder über 0,80 gehen.

[pisa]

Formation nicht zu bremsen

mieser Gesamtmarkt
mieser tag für Explorer

und Formation?
Gestern in Plus
heute im Plus (im Moment 0,86 , +4,6%)

Bald Angriff auf ATH (0,92).

Unaufgeregtes, nichtbeachtetes Invest.

Und trotzdem

fast 100% in ein paar Wochen

Ich liebe es

Enjoy,
Pisa

[pisa]

Sk 0,88 CAD (+6%) , nächste Woche Angriff auf ath bei 0,92

Life is good

Enjoy,
Pisa

[pisa]

wieder 0,87 ATH attack steht bevor

Enjoy,
Pisa

[scout]

Antwort auf Beitrag Nr.: 29.558.855 von pisa am 31.05.07 16:23:14

Hallo pisa,
bist ja fast wieder ein Alleinunterhalter hier geworden. Ist aber auch nicht schlecht, denn das heißt, die Aktie wird hier in Deutschland wohl von keinem Börsenbrief gepuscht. Ob "beluschi" schon verkauft hat? Er war ja immer etwas im Zweifel, wie lang er engagiert bleiben soll.
Ich war jetzt 4 Wochen in Südafrika und Namibia und habe mir diverse Minen angeschaut, um mir ein Bild vor Ort zu machen. Nein, Schmarren, (oder LOL), eine Mine in Namibia, ansonsten war es nur reiner Abenteuerurlaub, sonst nichts!
Wie ich schon im März geschrieben habe, gibt es bisher keinen Grund FCO zu verkaufen.
P.S. Ich habe diesen Thread zufällig irgendwann unter meinen Favoriten gespeichert und kann ihn deswegen wieder aufrufen. Über die WKN komme ich nicht rein. Wie machst Du das?
Scout

[pisa]

Antwort auf Beitrag Nr.: 29.564.633 von scout am 31.05.07 21:54:32

hi scout ,
welcome back. Ja rufe ihn auch auf über meine postings bzw Favs.
Nein verkaufen überhaupt nicht.

BFS kommt in 3-4 Wochen. Alles grün. Produktionsaufnahme. Capital raising pass. Alles bärenstark und dunkelgrün. Und ja keine pushs, keine Insiderverkäufe etc.

Eins von den besten Invests. Langsam, stetig, unspektakulär.

Falls Du Lust hast, schau dir noch meinen NAV thread an oder auch den extract, wenn Du schon in Nambibia warst. Welche Mine hast Dir denn angeschaut?


Enjoy,
Pisa

[scout]

Antwort auf Beitrag Nr.: 29.565.445 von pisa am 31.05.07 22:43:48

Hi pisa,
es war "Langer Heinrich" weil ich Paladin schon seit 2 Jahren im Depot habe und auch Deep Yellow, die jetzt in der Nähe buddeln. Sehr trockene Gegend! Verstehe, daß Umweltverbände gegen weitere Minen sind, da der Wasserbedarf sehr groß ist und nur durch Anzapfen von Grundwasserreservoirs gedeckt werden kann. Rössing soll schon 30% am gesamten Wasserbedarf der Gegend haben.
Einige Extract Claims liegen ja auch da. Bin aber nicht investiert, habe jetzt wirklich genug Uranexplorer im Depot. Nebenbei: Der Uranpreis steht seit gestern auf 133 $.
Scout

[pisa]

Antwort auf Beitrag Nr.: 29.572.006 von scout am 01.06.07 12:58:13

Hi Scout,
klar man kann nicht alles im Depot haben.
Allerdings würde ich bei EXT und DYL EXT bevorzugen schon alleine wegen der MK und dem Potential.

Enjoy,
Pisa

[GoldfingerU3O8]

Antwort auf Beitrag Nr.: 29.565.445 von pisa am 31.05.07 22:43:48

Pisa,

welche Firma versteckt sich hinter BFS?

Thx,
GFU

[Extrabreit]

keine Firma, bankable feasibility study, ohne die läuft gar nichts. blätter mal 2 Seite zurück und sieh mal unter Schedule nach.

neben GMC mein absoluter Favorit im Cobalt Bereich.

[pisa]

Antwort auf Beitrag Nr.: 29.595.805 von GoldfingerU3O8 am 02.06.07 19:07:27

Die BFS ist der letzte grosse proof vor Produktionsaufnahme. Dort wird vor allem die Wirtschaftlichkeit durchgerechnet.

Da Produktion hochfahren i.d.R. mit hohen Kosten verbunden ist, muss Geld beschafft werden. Entweder über den Kapitalmarkt (also von uns) oder einfach bei der Bank leihen.

Wenn eine Bank Geld leihen soll will sie Sicherheiten, mittels der BFS kann die Bank sich ein Bild machen, wie die ersten Jahre nach Produktionsbeginn aussehen, über welche cash mittel die Firma verfügen wird usw. Preisentwicklung des Rohstoffs (hier: Kobalt), usage etc werden dort auch besprochen.

Enjoy,
Pisa

[pisa]

Format Capital very strong : 0,97 C$,
Das alte ATH bei 0,92 easy pass.

mal sehen ob wir die 1 C$ heute von unten sehen..


Enjoy,
Pisa

[pisa]

WOW.

1 C$ pass.

1,03 C$ im Moment

Enjoy,
Pisa

[Extrabreit]

die Kursentwicklung der letzten tage bis heute erinnern mich an Starfield res vor 4 Wochen.

bin gespannt, ob das Volumen die nächsten Tage noch steigt und damit auch der Kurs.

[scout]

Minenkonstruktion
Entsprechend der heutigen Nachricht kann man also mit dem endgültigen OK zum Bau einer Mine im Januar 2008 rechnen.
Es geht zwar langsam aber offensichtlich beständig weiter.
Scout

[immernochvielzuteuer]

.

Tue Jul 3, 2007
Public Support Overwhelming for Idaho Cobalt Project - Final EIS and ROD expected in October
--------------------------------------------------------------------------------

Vancouver, B.C, July 03, 2007, Formation Capital Corporation (Formation, FCO-TSX) (the Company) today learned that more than 90 percent of the official comments submitted to the U.S. Forest Service expressed strong support for moving forward with the Company's Idaho Cobalt Project (ICP).

"It's certainly encouraging to know that the public -- and particularly the people who live in Idaho -- believe in the Idaho Cobalt Project and appreciate the fact it will create good-paying jobs while having a minimal environmental impact," said Bill Scales of Salmon, ID, President of Formation Capital Corporation, U.S. "All but a couple of the comments from Idahoans were extremely favorable." It is important to note that the Forest Service reviews all comments for not only their stance on the project, but for the substantive nature of the comments as well.

As part of the Environmental Impact Statement (EIS) process, the Forest Service requested public comment on the Company's proposed plan, as well as other alternatives developed by the agency. Under the EIS process, the Forest Service is required to develop a range of alternatives for the public and other agencies to review.

All told, approximately 175 official comments were submitted to the agency. Of those, 160 support the mine, nine oppose it and the remainder simply provided information without specifying their thoughts on the project. Scales said it was particularly gratifying to see that of those that favor the mine, 90 specifically endorsed Formation's mine plan and only five backed other mining alternatives presented by the Forest Service. The remainder of the 160 supporters did not explicitly prefer one mine plan alternative over the others.

"We were also pleased to see that several of the commenters put a great deal of thought into their reviews of the EIS and made some very solid recommendations to improve our plan," Scales said.

The Forest Service is in the process of reviewing all of the comments submitted, including those from the Company, and will use them in making its recommendations to the Company on finalizing the mine plan for the ICP.

The agency recently made a modest revision to its Schedule of Proposed Actions (SOPA) for the Salmon-Challis National Forest, where the ICP is located. Although the Forest Service expects to be able to complete the final EIS by the end of September, it has allotted an additional couple of weeks for filing in the Federal Register. Thus, according to the new SOPA, the Final EIS is slated to be published in the Federal Register by mid October. Pending the results of the Forest Service's consultation with National Marine Fisheries, a Record of Decision (ROD) is expected to be issued concurrent with the Final EIS. The ROD is essentially the Forest Service's approval of the project. Subsequent to the issuance of the final EIS and ROD's from the Forest Service and the EPA, the public is given a 45 day period where they can appeal the Forest Service's decision. A subsequent 45 day period is allotted for the resolution of any appeals. Once resolved and an appropriate bond is in place, the final go ahead can be given to commence construction of the project.

Formation Capital Corporation is dedicated to the principles of environmentally sound mining and refining practices, and believes that environmental stewardship and mining can co-exist. Formation Capital Corporation trades on the Toronto Stock Exchange under the symbol FCO.

Formation Capital Corporation
"Mari-Ann Green"
Mari-Ann Green
C.E.O.

.

[immernochvielzuteuer]

.

Kann bitte jemand den Real-Time-Chart einstellen!?

.

[immernochvielzuteuer]

.

Weiss jemand, ob die BFS-Study schon veröffentlicht wurde? ( = sollte doch Ende Juni 2007 kommen!?)

.

[pisa]

Antwort auf Beitrag Nr.: 30.485.566 von immernochvielzuteuer am 04.07.07 15:35:10

noch nicht, aber entweder kommt sie jetzt oder sie geben update bezüglich delay.

Enjoy,
Pisa

[immernochvielzuteuer]

Antwort auf Beitrag Nr.: 30.485.635 von pisa am 04.07.07 15:39:19

Danke!
Hast Du evtl. auch den Real-Time-Chart von CAN?

[pisa]

kann ich nicht einstellen, ist bezahltes Abo.

Enjoy,
Pisa

[pisa]

Zambia cobalt output down 4% in Q1/2007, workers strike @ Zambian Chambishi cobalt producer

http://www.metal-pages.com/subscr/story.php?id=28398
http://www.metal-pages.com/subscr/story.php?id=28416

Enjoy,
Pisa

[pisa]

BHP hat 10 T Kobalt 99,8%min für US$26.95/lb nach Europa verkauft, danach Preis hoch auf USD 27.4lb.

Enjoy,
Pisa

[pisa]

Antwort auf Beitrag Nr.: 31.386.791 von pisa am 04.09.07 16:42:08

worauf sich Formation gleich mit einem 10% Plus in Can aufmacht

Na, ich dachte schon wir bekommen den potentiellen einzigen nordamerikanischen Kobaltproduzenten bald für 0 , haben wir doch noch vorher gedreht wies aussieht

Enjoy,
Pisa

[pisa]

hätte ich wohl doch besser ein Kauflimit angeben sollen

+ 17%

Nich das es nicht überfällig war, trotzdem schön.

Pisa

[pisa]

http://www.mineweb.net/mineweb/view/mineweb/en/page36?oid=26…Cobalt investment contract launched by Credit Suisse
Swiss bank Credit Suisse has launched a cobalt investment contract based on the metal price as quoted by Metal Bulletin as there is no exchange traded cobalt as yet.
Author: Daniel Magnowski
Posted: Wednesday , 05 Sep 2007

LONDON (Reuters) -

Credit Suisse has opened a market in hi-tech metal cobalt to investors seeking a commodity contract that won't be buffeted by turbulence in other financial markets, the bank said on Tuesday.

Cobalt, a metal mined in Africa, Russia, Cuba and Australia, and used in batteries and aircraft engines, is not traded on an exchange, so until now the only way to invest in it has been to buy the metal and store it -- often not an option for hedge funds. But the new financially-settled contract launched in August by Credit Suisse makes it possible to buy cobalt without ever taking delivery of the metal, the bank told Reuters in an interview.

"It works likes other commodity contracts. For example, if you buy Dec 07 cobalt today at a fixed price of $24.80 and come December, the average for the month prices out at $30.00, then you net receive $5.20. It is purely cash settled," said Lorcan Cleary, Vice President in the commodities group at the bank.

Since cobalt is not traded on any of the world's metal exchanges, the contract is priced on data published by industry journal Metal Bulletin.

"We have taken the proactive step of providing access to a market in the absence of an exchange," Cleary said.

A cobalt contract makes sense now because speculators are looking for new products in which to invest after several years of pumping money into commodities.

While exchange-traded commodities such as copper and gold fell victim to the recent global financial turmoil that began with the collapse in the sub-prime mortgage sector in the United States, off-exchange metal cobalt is detached from shockwaves in other markets.

"One of the attractions of the 'new' commodity markets, such as cobalt, is that they avoid the short-term correlation that the more commonly financially-traded commodity markets are currently seeing," said Kamal Naqvi, Head of Hedge Fund Coverage in the Commodities group at Credit Suisse.

"Clients are seeing such markets as cobalt and coal as purer commodity plays." Among commodities, cobalt's fundamentals are especially attractive, Credit Suisse believes.

The bank has forecast that cobalt prices could spike to $40 per lb by the end of this year. High-grade cobalt now trades around $27 per lb, up 50 percent since September 2006 on strong industrial demand and tight supply.

"We expect the cobalt market to remain in deficit until the end of 2008, as supply struggles to keep up with strong demand," the bank said in a research report earlier this year.

The fact that around half the world's cobalt reserves are in the Democratic Republic of Congo, which has a history of extreme instability, is a key risk to supply.

"Going forward, the cobalt market could be further squeezed by supply disruptions, such as rising cost, declining ore grades, potential labour strikes, a lack of infrastructure support and political unrest in the DRC," the report said.

GLENCORE ALLIANCE

Credit Suisse can access a ready source of the metal thanks to its alliance with Glencore.

Through its shareholding in mining firm Xstrata and deals with other producers, this Swiss-based commodities trader has sales rights to a large chunk of the world's cobalt.

"The challenge for new commodity products is creating and maintaining liquidity. Through our trading alliance with Glencore, Credit Suisse is the only bank that is able to consistently source such liquidity in many of these markets," Naqvi said.

"We have plans to further extend the list of tradable commodity products going forward."

Among other commodities traded by Glencore are coal, and steelmaking additive vanadium, which along with cobalt is one of a group of substances collectively known as "minor metals".

Credit Suisse's move into cobalt comes at a time when several commodities trading firms are trying to break into minor metals, attracted by an outlook of rising demand and higher prices.

The global trend towards greater use of high-tech products such as laptop computers, flat screen televisions and catalytic converters, all of which contain minor metals, will raise the cost of these metals, merchants believe.

Na dann...

Enjoy,
Pisa

[pisa]

Antwort auf Beitrag Nr.: 31.386.791 von pisa am 04.09.07 16:42:08

Metal Pages weiss es jetzt auch
European cobalt prices bounce 10% on producer sales
Hi-tech minor metal cobalt has bounced 10% in price in the past week on more expensive offers from producers after they sold material at increased prices, dealers told Metal-Pages. High grade metal is available in the spot market at $27.00-27.50/lb

http://www.metal-pages.com/subscr/story.php?id=28868

[pisa]

Antwort auf Beitrag Nr.: 31.414.996 von pisa am 06.09.07 14:21:22

naja, Metal Pages sollte sich mal bisschen mehr anstrengen, für das Geld sollten die aktueller sein

Hier die aktuellsten Kommentare zu den Kobalt preisen
"The current prices list by BHP Billiton and Norilsk are USD 28.0/lb and USD 26.0/lb respectively for 99,8% cobalt cathode and 99,3% cobalt ingot."

[pisa]

Formation Capital Orders Mine Equipment for Cobalt Project

http://www.kitco.com/pr/1664/article_09062007175457.pdf

Mill ordered, summer 2008 ist sie da. Haben sie jetzt das fehlende Bindeglied zwischen Mine und refinery geschlossen.

Nun wird interessant wie sie das restliche Geld auftreiben. Die letztn 20 mio C$ werden ja wohl nicht reichen und die Produktion aufzunehmen, auch wenn sie die refinery ja schon haben.

Wenn der Cobaltpreis tatsächlich weiter haussiert (Credit Suisse spricht von US40$ Ende des jahres) könnten evtl. lukrative Vorwärtsverkäufe in den nächsten Monaten abgeschlossen werden (klar, nicht zu 40, aber ein hoher Spotpreis hilft trotzdem ungemein bei diesen Verhandlungen).

Enjoy,
Pisa

[pisa]

Wed Sep 26, 2007
Cobalt forward deals breach $30, nearby also firms
Publisher: Metal Bulletin Ltd

--------------------------------------------------------------------------------

London 26 September 2007 15:21 - Cobalt sales for next year have breached $30 a lb, evidence of growing tightness in the market, observers said.

A series of trades In the early part of 2008 have already been agreed for both high-grade and low-grade metal at above $30. Additionally, Credit Suisse/Glencore have completed a paper deal to a hedge fund above $30 to be settled against the December average, MB understands, as part of some 300 tonnes' worth of cobalt futures that have already been agreed.

"It's symbolic," said a London trader. "We're close to bursting the skin on the pudding."

Although spot deals have slowed, prices have yet to weaken, and the market remains in a healthy contango, participants said.

"The market seems very strong, there are no numbers below $28," said a second London trader. "There are no signs of weakness, no-one is undercutting the market."

Low grade cobalt rose to $28.25-29 from $27.75-29 although high grade was steady at $29-29.75.

Demand from the superalloys sector is high and the recent conclusion by major European consumer Umicore of fourth quarter deliveries at less favourable terms to it than in the third quarter shows the battery sector is strong, traders said.

On the supply side, output remains under pressure with Xstrata's Nikkelverk refinery still producing below par - output fell 24 percent in the first half of the year to 1,920 tonnes due to reduced feed while Chambishi Metals continues to suffer quality problems following an outage earlier this year.

Concerns regarding stability in the Democratic Republic of Congo will also underpin the market, traders said.

Still, business is thinner than in recent weeks, and Norilsk's acknowledgement on its website it sold at $27.53 per lb last week, down from $27.65 the previous week, could indicate weakness to come, a buyer said.

Copyright (c) Metal Bulletin Ltd. All rights reserved.

You can view the Next Cobalt News item: Thu Sep 20, 2007, China to become the world's biggest buyer of aircraft over the next 20 years

You can return to the main Cobalt News page, or press the Back button on your browser.


guter Kaufzeitpunkt jetzt IMHO

Enjoy,
Pisa

[pisa]

Kobalt hat die 30$ im Sturm genommen. NPV von Formation verbessert sich drastisch.

Formation runter auf die 50 er cent level. Habe position verdreifacht diese Woche.

Enjoy,
Pisa

[pisa]

MARKET ROUND-UP - cobalt, magnesium and manganese alloys looking firmCobalt continued its march forward, with other specialty markets, like magnesium, indium and the manganese alloy also looking firmer. Indium, after many stagnant months, is trading a little firmer on the back of good demand, with traders quoting a range ...
Read more…


http://www.metal-pages.com/subscr/story.php?id=29851

Enjoy,
Pisa

[pisa]

Fundamental Research Corp. of Vancouver B.C., an independent research corporation, has prepared an update report on Formation Capital and its Idaho Cobalt Project with a buy recommendation and a valuation of $0.74 per share. The valuations used in this report are based on a cobalt price of US$17.50 /lb. Using the reports sensitivity table at an 8% discount rate and using $30/lb cobalt, the valuation equates to $2.07 per share. At Nov 16, 2007 cobalt spot price = $33.30 per pound.

[pisa]

Antwort auf Beitrag Nr.: 32.485.309 von pisa am 19.11.07 19:44:57

Hier die schöne Übersicht FCO fair value per share vs Cobalt price (im Moment bei 33US$/lb)

[pisa]

Ufaleinikel ups nickel output, reduces cobalt production 40%
Ufaleinikel, a division of Industrial Metallurgical Holding, produced 10,469 tonnes of nickel in the first nine months of 2007, 0.6% more than in the same period last year.

Nickel production edged up to 3,524 tonnes in the third quarter from 3,493 tonnes in the second and 3,452 tonnes in the first, the company reported on its website.

However, cobalt production tumbled 40.5% year-on-year to 1,111 tonnes, including 113 tonnes in the third quarter, 490 tonnes in the second and 508 tonnes in the first.
Ufaleinikel produces granulated nickel, nickel monoxide, metallurgical cobalt and cobalt in oxides.

Industrial Metallurgical Holding also includes coke producer Kemerovo Koks (RTS: KOKS), metals companies Tulachermet, Polema and Tulachermet-Vanadii in the Tula region and Rezhnikel in the Sverdlovsk region. Koks and affiliates own 97.87% of Ufaleinikel. – Interfax

http://metalsplace.com/news/?a=16083

[pisa]

Fri Nov 16, 2007
Credit Suisse successfully establishes market in cobalt
Publisher: Metal-Pages

--------------------------------------------------------------------------------

LONDON (Metal-Pages) 16-Nov-07. Credit Suisse has said that its hedging market in cobalt metal opened to investors in September this year has been more successful than expected.

Kamal Naqvi, Head of Hedge Fund Coverage in the Commodities group at Credit Suisse said that Credit Suisse had been trading cobalt in reasonable volumes and that a number of trades had been conducted by producers and consumers as well as some private investors.

However, he declined to comment on the exact volume of cobalt that had been traded.

Naqvi said that in the absence of a futures market for cobalt, Credit Suisse has created the opportunity for clients and corporate investors to take exposure to cobalt and offer them a cash settled swap against the actual average of a particular period.

Since cobalt is not traded on any of the world's metal exchanges, the contract is priced against Metal Bulletin's twice weekly settlement price which is the industry benchmark.

Credit Suisse set up its cobalt futures trading in response to concern from investors about the level of intraday volatility in the LME base metals markets due to the US dollar and the equity markets. It was also responding growing demand from investors to look at a wide range of commodities.

Naqvi said that he did not believe that the financially settled cobalt swaps directly affected the price of physically-traded cobalt but accepted that its introduction had become a popular point of discussion in the industry.

He also said he remained bullish about the market due to supply disruptions in the Congo, coupled with robust demand.

The bullish sentiment and investment funds' involvement in cobalt have been cited as one of the factors propelling cobalt prices to their current levels. As well as a perceived fundamental shortage and the fact that supply is now consolidated in the hands of a small number of producers and trading houses, the introduction of cobalt futures hedging is actually said to be boosting the upward momentum in prices which reflects on the physical market.

Prices edged higher late this week on the back of bullish sentiment with traders quoting prices between $31.45-32.30/lb for high grade (99.8% Co) material and in the range of $30.50-31.50/lb for Russian grade metal.

Producers website offer prices also went up, with BHP-Billiton raising its price to $32.80/lb yesterday on the back of a small 5 tonne sale to North America on 15 November at $32.30/lb. The company hiked its online price again today to $33.30/lb offering 5 tonnes, after making a further 5-tonne North American sale, this time at $32.70/lb.

Norilsk Nickel lifted its offer price to $31.20/lb on November 14, also reflecting the strengthening market. The Russian producer sold 22 tonnes, in five transactions to four consumers last week, at an average price of $30.41/lb.

-END-

Thu Oct 11, 2007
Cobalt continues to firm
Publisher: Metal-Pages.com

--------------------------------------------------------------------------------

LONDON (Metal-Pages) 11-Oct-07. The cobalt market continued to firm this week, with both BHP-Billiton and Norilsk Nickel moving up their website offer prices to $30 plus.

BHP-Billiton has made three sales this week at $29.90/lb and, subsequently, edged its offer price up to $30.25, just above psychological $30 mark.

Russian producer Norilsk Nickel increased its 99.3%-graded cobalt offer price to $30/lb, having sold 30.5 tonnes of material in five transactions to four customers at an average price of $30.29/lb last week.

It is 99.3% metal which is the most actively traded, and European traders say the bottom of this market is firmly at $29.50. The more bullish put the market for 99.3% at $29.75-30.50, with 99.8% at $30-30.50. The margin between the two is diminishing all the time, as 99.3% grades sets the pace.

Another indicator of prices this week was the United States Defense Logistics Agency (DLA), which put 52,862.49 pounds of surplus cobalt up for tender Wednesday. European traders said offers were made in the mid to high $29s.

Supported by booming demand and the added prospect of a Credit Suisse cobalt contract, prices are unlikely to take a dip in the near term.

-END-

Mon Oct 8, 2007
Hedge funds eye minor metals
Publisher: Reuters
Author: Daniel Magnowski - Analysis

--------------------------------------------------------------------------------

LONDON (Reuters) - For years the preserve of globe-trotting merchants and secretive financiers, the trade in rare and valuable minerals known as minor metals is now on the radar of hedge funds searching for profits.

Huge amounts of money have been ploughed into higher-profile commodities such as copper and oil since the start of the decade, but the outlook for less well-known metals is fundamentally very strong, traders and fund managers say.

Cobalt, a metal mined in countries including the Democratic Republic of Congo, Zambia and Russia for use in aerospace engineering and in power station components is increasingly popular.

Nick French, a cobalt dealer at London trading firm SFP Metals, said cobalt is attracting a lot of attention from the investment community.

"This year there has been hedge fund interest, the logic being that if you can push the price of cobalt up to $40 per lb from $20, then the share price of a cobalt mining company will double," French said.

High-grade metal (COB-CATH-LON: Quote, Profile, Research) is trading around $30 per lb, up only slightly from the start of the year but more than 60 percent higher than its price in October 2006.

Investment bank Credit Suisse (CSGN.VX: Quote, Profile, Research) predicts it could cost $40 by the end of the year. The bank itself broke into the market this year when it launched a financially-settled cobalt contract.

"The Credit Suisse contract is backed by its alliance with Glencore, so between them they have the financial clout, the physical backing and the necessary market intelligence," French said.

"In theory, it gives the market a whole new layer of liquidity, and opens up the market to people who wouldn't otherwise be able to use it by overcoming the problems of lack of liquidity and lack of transparency."

There are also plans afoot at the London Metal Exchange (LME) to examine the possibility of a futures contract for cobalt, which could theoretically make it as easy to invest in the minor metal as it is to invest in copper (MCU3: Quote, Profile, Research), one of the most popular assets in this decade's commodities boom.

"In cobalt and molybdenum, we do have interest," LME Chief Executive Martin Abbott said.

"There has been contact from members of the minor metals trade ... which was on the positive side. We will do some proper research in the first few months of next year."

Though cobalt is one of the highest-profile of the so-called minor metals, it's not the only one to draw the eyes of hedge funds.

Mark Mobius, head of Templeton Emerging Markets (TEM.L: Quote, Profile, Research), said his firm had price targets for several minor metals.

"Generally we are optimistic that metals like antimony, bismuth, molybdenum and others will remain high and could even go higher."

Bismuth (BIS-LON: Quote, Profile, Research) prices have doubled this year, while antimony (ANT-HG-LON: Quote, Profile, Research), used to make plastics and fibers fireproof, is trading around 13-year highs as China, which supplies around 90 percent of the world's metal, shifts to being both a producer and consumer rather than just a source of metal.

CHINESE RESERVES?

Chinese domestic use of the metals it in the past exported in greater quantity to processors and end users in Europe and the United States, will continue to be a major theme in the minor metals markets.

Beijing imposed export quotas on indium and molybdenum in June and is believed to speeding up a scheme to build up a national reserve of minor metals including indium, a key material for flat-screen TVs, in order to support domestic hi-tech industries.

"The reserve will come sooner or later, I believe the quota is just the first step," said a trading manager at a smelter in China's Liaoning province.

Feng Juncong, analyst at state-run research agency Antaike, said building reserves could mean higher prices for metals such as indium.

"The government wants to support its flat panel TV industry, whose development is facing a bottleneck as the country's indium processing industry is quite weak," Feng said.

"I think a title of national reserve will raise the metal's profile and there will be more policies to encourage Chinese indium high-end production."

A senior official at the Mines and Metals department of the China Chamber of Commerce of Metals, Minerals & Chemicals Importers & Exporters said the government had started discussing reserve-building with major producers.

"It has not yet entered into a practical period, but it is an urgent issue," he said.

"It is easy to understand -- China is in the middle of its industrialization and needs plenty of resources."

-END-

Wed Sep 26, 2007
Cobalt forward deals breach $30, nearby also firms
Publisher: Metal Bulletin Ltd

--------------------------------------------------------------------------------

London 26 September 2007 15:21 - Cobalt sales for next year have breached $30 a lb, evidence of growing tightness in the market, observers said.

A series of trades In the early part of 2008 have already been agreed for both high-grade and low-grade metal at above $30. Additionally, Credit Suisse/Glencore have completed a paper deal to a hedge fund above $30 to be settled against the December average, MB understands, as part of some 300 tonnes' worth of cobalt futures that have already been agreed.

"It's symbolic," said a London trader. "We're close to bursting the skin on the pudding."

Although spot deals have slowed, prices have yet to weaken, and the market remains in a healthy contango, participants said.

"The market seems very strong, there are no numbers below $28," said a second London trader. "There are no signs of weakness, no-one is undercutting the market."

Low grade cobalt rose to $28.25-29 from $27.75-29 although high grade was steady at $29-29.75.

Demand from the superalloys sector is high and the recent conclusion by major European consumer Umicore of fourth quarter deliveries at less favourable terms to it than in the third quarter shows the battery sector is strong, traders said.

On the supply side, output remains under pressure with Xstrata's Nikkelverk refinery still producing below par - output fell 24 percent in the first half of the year to 1,920 tonnes due to reduced feed while Chambishi Metals continues to suffer quality problems following an outage earlier this year.

Concerns regarding stability in the Democratic Republic of Congo will also underpin the market, traders said.

Still, business is thinner than in recent weeks, and Norilsk's acknowledgement on its website it sold at $27.53 per lb last week, down from $27.65 the previous week, could indicate weakness to come, a buyer said.

Copyright (c) Metal Bulletin Ltd. All rights reserved.

Thu Sep 20, 2007
China to become the world's biggest buyer of aircraft over the next 20 years
Publisher: Excerpt from The Gartman Letter
Author: Donald Berman

--------------------------------------------------------------------------------

As reported in "The China People's Daily" regarding China's appetite for aircraft going forward:

As China leaps into the 21st century, she will be the biggest buyer of aircraft and engines over the next 20 years. This is not a forecast from Beijing; this is a forecast from Rolls-Royce, the maker of so many of the jet engines these aircraft will be powered by. With passenger traffic growing at 8.8% per year, Chinese airlines need to buy over 3,100 new aircraft and therefore 6,600 engines worth over $65 billion, according to Rolls-Royce.

We are talking several tens of billions of dollars annually in the engine arena alone over the next decade. Further, the Asia-Pacific market should take as many as 26,000 new engines over the two decades. These are not inexpensive pieces of equipment, and Rolls-Royce believes that Asia is, and will be, the key market for new aircraft with engines... and Asia will take them regardless of the Renminbi's value.

-End of Excerpt-

Fri Sep 14, 2007
More uses for Cobalt - Platinum Falls as Daihatsu Develops Fuel Cell Without Platinum
Publisher: Bloomberg
Author: Marianne Stigset

--------------------------------------------------------------------------------

Sept. 14 (Bloomberg) -- Platinum fell in London after Daihatsu Motor Co. said it developed a new fuel cell that doesn't use the precious metal, prompting speculation demand may decline from carmakers, the biggest consumers.

Daihatsu, Japan's largest minicar maker, today said it is seeking to replace platinum with cobalt and nickel. A typical fuel cell for a car uses 200 grams, or more than six ounces, of platinum, the company said.

The announcement ''triggered some reactionary selling,'' said Rory McVeigh, a senior platinum trader at Commerzbank AG in Luxembourg. Still, ''I can't see myself driving a fuel-cell car for another 20 years.''

Platinum for immediate delivery fell $7, or 0.5 percent, to $1,289 an ounce as of 11:14 a.m. in London. Carmakers used about 4.2 million ounces of the metal last year in autocatalysts, equal to 62 percent of total demand, according to London-based metals trader Johnson Matthey Plc.

Palladium, also used by carmakers, slid $2.25, or 0.7 percent, to $330.50 an ounce.

To contact the reporter on this story: Marianne Stigset in London at [e-mail]

-END-

Wed Sep 5, 2007
Cobalt investment contract launched by Credit Suisse
Publisher: mineweb.com
Author: Daniel Magnowski

--------------------------------------------------------------------------------

LONDON (Reuters) - Credit Suisse has opened a market in hi-tech metal cobalt to investors seeking a commodity contract that won't be buffeted by turbulence in other financial markets, the bank said on Tuesday.

Cobalt, a metal mined in Africa, Russia, Cuba and Australia, and used in batteries and aircraft engines, is not traded on an exchange, so until now the only way to invest in it has been to buy the metal and store it -- often not an option for hedge funds. But the new financially-settled contract launched in August by Credit Suisse makes it possible to buy cobalt without ever taking delivery of the metal, the bank told Reuters in an interview.

"It works likes other commodity contracts. For example, if you buy Dec 07 cobalt today at a fixed price of $24.80 and come December, the average for the month prices out at $30.00, then you net receive $5.20. It is purely cash settled," said Lorcan Cleary, Vice President in the commodities group at the bank.

Since cobalt is not traded on any of the world's metal exchanges, the contract is priced on data published by industry journal Metal Bulletin.

"We have taken the proactive step of providing access to a market in the absence of an exchange," Cleary said.

A cobalt contract makes sense now because speculators are looking for new products in which to invest after several years of pumping money into commodities.

While exchange-traded commodities such as copper and gold fell victim to the recent global financial turmoil that began with the collapse in the sub-prime mortgage sector in the United States, off-exchange metal cobalt is detached from shockwaves in other markets.

"One of the attractions of the 'new' commodity markets, such as cobalt, is that they avoid the short-term correlation that the more commonly financially-traded commodity markets are currently seeing," said Kamal Naqvi, Head of Hedge Fund Coverage in the Commodities group at Credit Suisse.

"Clients are seeing such markets as cobalt and coal as purer commodity plays." Among commodities, cobalt's fundamentals are especially attractive, Credit Suisse believes.

The bank has forecast that cobalt prices could spike to $40 per lb by the end of this year. High-grade cobalt now trades around $27 per lb, up 50 percent since September 2006 on strong industrial demand and tight supply.

"We expect the cobalt market to remain in deficit until the end of 2008, as supply struggles to keep up with strong demand," the bank said in a research report earlier this year.

The fact that around half the world's cobalt reserves are in the Democratic Republic of Congo, which has a history of extreme instability, is a key risk to supply.

"Going forward, the cobalt market could be further squeezed by supply disruptions, such as rising cost, declining ore grades, potential labour strikes, a lack of infrastructure support and political unrest in the DRC," the report said.

GLENCORE ALLIANCE

Credit Suisse can access a ready source of the metal thanks to its alliance with Glencore.

Through its shareholding in mining firm Xstrata and deals with other producers, this Swiss-based commodities trader has sales rights to a large chunk of the world's cobalt.

"The challenge for new commodity products is creating and maintaining liquidity. Through our trading alliance with Glencore, Credit Suisse is the only bank that is able to consistently source such liquidity in many of these markets," Naqvi said.

"We have plans to further extend the list of tradable commodity products going forward."

Among other commodities traded by Glencore are coal, and steelmaking additive vanadium, which along with cobalt is one of a group of substances collectively known as "minor metals".

Credit Suisse's move into cobalt comes at a time when several commodities trading firms are trying to break into minor metals, attracted by an outlook of rising demand and higher prices.

The global trend towards greater use of high-tech products such as laptop computers, flat screen televisions and catalytic converters, all of which contain minor metals, will raise the cost of these metals, merchants believe.

-END-

Wed Sep 5, 2007
Thousands Flee Homes Amidst Renewed Violence in DRC
Publisher: diamonds.net News
Author: Avi Krawitz

--------------------------------------------------------------------------------

RAPAPORT... Thousands have fled their homes in the Democratic Republic of the Congo's (DRC) eastern province of North Kivu, in the wake of renewed
fighting between government troops, renegade troops, and rebel groups, a UN
spokesman reported at a September 4, 2007 press briefing in Geneva.

The clashes have raised concerns the mineral-rich nation may fall back into
civil war, which plagued the country during the 1990s leaving an estimated 4
million people dead. In 2006, the DRC produced 28.99 million carats of
diamonds, accounting for 16 percent of the global total.

"We fear that the pursuit of a military solution to the problems in North
Kivu would further worsen the province's humanitarian crisis through the
potential displacement of hundreds of thousands of additional Congolese
civilians," said Ron Redmond, spokesman for the UN High Commissioner for
Refugees (UNHCR.)

Following clashes between supporters of General Nkunda and regular FARDC
forces (the DRC's national armed forces) the UN peacekeeping mission in the
country, MONUC, sent in 200 reinforcement troops to the area and stepped up
diplomatic pressures in a bid to restore calm.

Redmond reported that while many of the internally displaced persons (IDP)
had not witnessed direct fighting, they left their homes fearing the ongoing
military buildup in the area. "Some of the IDPs have reported cases of rape
and killings of civilians by armed men," he added.

At a press briefing earlier in the week, UNHCR spokesperson Jennifer Pagonis
warned that "with heightened tensions and the build-up of military forces,
the situation risks turning into a humanitarian and human rights disaster."

More than 20 makeshift camps for internally displaced persons have emerged
in North Kivu since December as the capacity of local host families to
absorb the new arrivals has been overwhelmed, UNHCR reported.

UNHCR is considering the possibility of setting up a new displacement site
near Mugunga, which currently hosts as many as 18,000 displaced people.

UN Secretary-General, Ban Ki Moon, expressed his concern over the clashes
calling on "the government of the DRC and all local stakeholders to
persevere in their efforts to bring about a peaceful solution."

The Secretary-General is also very concerned by the impact of the fighting
on local populations and calls on all parties to ensure the protection of
the vulnerable.

Wed Sep 5, 2007
United Nations Concerned Violent Outbreaks in DRC Could Signal War
Publisher: diamondintelligence.com
Author: Staff Writer

--------------------------------------------------------------------------------

The United Nations has responded to increased tensions in the Democratic
Republic of the Congo (DRC) by sending troops and stepping up diplomatic
pressure on each of the opposing factions.

Violent outbreaks in the country's eastern region have forced thousands from
their homes as they attempt to flee the fighting. The worst of the clashes
have so far occurred in the town of Katale in the Masisi district of North
Kivu province, according to UN News Service. In response, the UN has sent
200 reinforcement troops from MONUC, the UN mission in DRC.

Former Gen. Laurent Nkunda and his forces are clashing with government over
what he believes are measures to protect his own minority ethnic Tutsi
population in North and South Kivu provinces from local Rwandan Hutu
fighters. Nkunda is reportedly clashing with the government in retaliation
against the Kinshasa government's alleged support for Hutu fighters.

The eastern region of Congo is no stranger to conflict: between 1998 to 2002
the area was ravaged by fighting between local militias, renegade soldiers
and the army until a peace agreement was signed between the rebel factions
that had been holding nominal control.

The UN reported that more than 650,000 people are now internally displaced
in the North Kivu area. Tens of thousands have also fled to the neighboring
Uganda.

The Democratic Republic of Congo is one of the world's largest
diamond-producing countries by volume (in carats). In 2006, the DRC
contributed 17 percent out of the total 175,538,127 produced globally.

-END-

[pisa]

Prices and Quantities
Month Available Quantity Price
(USD/lb) Delivery Terms
Nov 2007 5 MT $35.50 CIF main Asian port,
DDP - Europe,
In warehouse North America


Recent Sales
Sale Date Quantity Delivery Date Price (US$/lb) Location
21/11/2007 5 MT Nov 2007 $34.75 North America
21/11/2007 5 MT Nov 2007 $34.10 North America
20/11/2007 10 MT Nov 2007 $33.30 Europe
16/11/2007 5 MT Nov 2007 $32.70 North America


http://cobalt.bhpbilliton.com/


Enjoy,
Pisa

[pisa]

COBALT HITS $40.00 A POUND, FRESH HIGH SINCE EARLY 1990S

http://www.minormetals.com/

Enjoy,
Pisa

[pisa]

Cobalt inching higher towards $40 a pound level Email this London, 06 December 2007 - Cobalt prices were inching higher in Europe on Thursday, maintaining the current strong uptrend, with the market moving ever-closer to the $40.00 a pound level.

The free-market high-grade quote was indicated at $38.25/39.25 a pound, while Russian 99.30 percent cobalt was quoted at $37.00/38.00.

"It is very strong, and we are hearing that small lots are actually trading above $40. Demand is good and there is no resistance to these higher prices," a trader said.

Since mid-August, the market has rallied 55 percent from nine-month lows of $24.00/25.00, and is now at its highest since the early 1990s.

"The reality is it is very tough out there. It will go to $40, I suspect, it is just a question of time," another trader said.

End-users in super-alloys, re-chargeable batteries and gas-to-liquid (GTL) catalysts are having to scramble to secure supplies. Some estimates for 2008 demand see 30 percent increases in aerospace super-alloy and power generating GTL sectors.

Supply will struggle to keep up, and with the US stockpile disposal programme likely to end in the first half of 2008, there will be a shortfall in the 60,000-tonne a year market.

"When this stock is exhausted it will bring to an end the era of government stockpiles of cobalt -- the UK, Swiss, Swedish, French and Russians all sold some time ago," another trader said.

This week, the US DLA sold 300,000 pounds of cobalt in November, and if its December offering of 141,000 pounds is snapped up it will have just 660 tonnes left -- likely to be gone by Easter.

So prices have significant upside potential in 2008, with the all-time highs of 1978 around $50 the objective.
MinorMetals.com
[e-mail]
12 Camomile Street
London
EC3A 7PT
t: [phone]
f: [phone]

[pisa]

COBALT FOCUS - MinorMetals.com Market Commentary - CLICK HERE TO VIEW TODAYS COMMENT

http://premium.minormetals.com/content/webcast/mm/minormetal…

Enjoy,
Pisa

[pisa]

UPDATE 1-Cobalt driven to new record high by strong demand
Thu Dec 13, 2007 12:03pm EST

(Reuters) - Cobalt prices on the spot market
in Europe have risen to record highs near $40 a pound this week,
driven by rising consumer demand and speculative buying, traders
said on Thursday. The metal COB-CATH-LON used to make batteries and aircraft components was trading at $39.5 a pound compared with $38/$39 a pound last week. Prices are up by nearly 50 percent since
January. "Demand has been strong and is getting stronger. There is
some speculation involved as well," a UK-based trader said. "But the move is fundamental ... China is really struggling
to get the raw material for processing cobalt." Traders said a lot of Chinese producers had closed because they couldn't get the concentrate, partly because of supply problems in the Democratic Republic of Congo. Rising demand from battery makers also played a part. "As contract negotiations come to an end, consumers have been diving into the stock market," a Europe-based trader said. London-listed miner BHP Billiton (BLT.L: Quote, Profile, Research) last sold high grade cobalt at $39.75 a pound and is offering at $43 a pound. "$43 is a little optimistic now, we may get there next year," the UK-based trader said. Cobalt COB-ING-LON from Russia's Norilsk Nickel (GMKN.MM: Quote, Profile, Research)
last changed hands at $36.59 a pound. Norilsk is now offering at
$38 a pound. (Reporting by Pratima Desai; Editing by Michael Roddy)



Pisa

[pisa]

COBALT TRADES AT $43.00 A POUND, HIGHEST SINCE 1978

[pisa]

Kobalt!

http://premium.minormetals.com/content/webcast/mm/cobalt.htm…

von
http://www.minormetals.com/" target="_blank" rel="nofollow ugc noopener">
http://www.minormetals.com/

Enjoy,
Pisa

[pisa]

Former Idaho Governor & Secretary of the Interior Elected to Board of Formation Capital

http://biz.yahoo.com/ccn/071219/200712190432881001.html?.v=1

[pisa]

Cobalt : Hintergründe des runups. Offensichtlich essentiell für die neuen Batterien der Hybrid cars.

http://www.resourceinvestor.com/pebble.asp?relid=39076

Für Formation, als einzigem nordamerikanischem pure cobalt play ist folgendes sehr interessant:

"Should the Japanese and Chinese succeed in locking up most of the additional supply of cobalt to be created during the next decade and the most extreme of the above demand scenarios materialize, it will be a significant blow to American heavy industry and the U.S. military. In the case of civilian industry, it could result in the acceleration of its relocation to China."

Und das Verrückte, Formation gibt es immer noch für 0,60 C$!! Fliegt wieder völlig unter dem Radar

"The increasing use of cobalt in rechargeable batteries for electric vehicle applications is expected to increase the use of cobalt even further. A major shift to hybrid-electric vehicles in automotive technology will dramatically increase the demand for cobalt-based batteries. Newly emerging demand combined with increases in cobalt use for other types of turbine engines and gas-to-liquid catalysts is underpinning the recent growth in cobalt demand and is expected to drive future cobalt consumption to unprecedented levels.”

Toyota has just announced this month that it plans to manufacture 1 million hybrid-electric vehicles a year sometime in the 2010s. It is clear that even if Toyota’s goal is not met in the actual year of 2010, the total number of hybrids made that year just by Toyota, GM and Honda will meet or exceed 1 million units. This fact is, in my opinion, the principal driver today of cobalt prices.

Let’s look at the numbers: At least 1.5 million hybrid vehicles have been manufactured since Toyota introduced the first mass produced vehicle of this type, the Prius, in 1999. Toyota alone has already made 1 million of them and 79% of all of Toyota’s hybrid vehicles have been sold in the U.S.

I have frequently reminded readers of Resource Investor that the nickel metal hydride battery packs used in a Prius contain up to 300 pounds of nickel and as much as 64 pounds of rare earth metals, principally lanathanum. Today I want to point out that each battery pack also contains cobalt. The comprehensive article “Developments in hybrid vehicles and their potential influence on minor metals”,


Enjoy the ride,
Pisa

[pisa]

http://www.msnbc.msn.com/id/22463825/

Battery demand galvanises price of cobalt
Financial Times
By Chris Flood in London

updated 10:40 p.m. ET Jan. 1, 2008
The price of cobalt, a rare metal used in products such as batteries for mobile phones and hybrid cars, has surged to record levels amid booming demand and supply problems in the war-stricken Democratic Republic of Congo.

Cobalt prices soared nearly 60 per cent last year to $40.25 a pound ($88,735 a tonne), the highest since a modern market for cobalt trading started to develop in the 1970s.

Analysts said further gains for the metal are expected in 2008 amid continued tight supply and robust demand.

Cobalt, which is mainly a by-product of copper and nickel mining, is a tiny, illiquid market with only 65,000 tonnes produced annually. But the metal is found in a growing range of applications in batteries, superalloys and the chemicals sector.

Toyota's fuel-efficient hybrid car, the Prius, is powered by a battery that contains about 2.5kgs of cobalt and sales of these types of vehicles are rising strongly. JD Power, the automotive industry consultants, is forecasting that US hybrid-car sales will increase from about 350,000 this year to just over 1m by 2012 with their market share rising from 2.2 per cent to 5.9 per cent.

Big carmakers, such as Renault/Nissan and Daimler are also testing prototypes or developing lithium-ion batteries that use even more cobalt.

Meanwhile, the explosion in the popularity of mobile electronic devices such as mobile phones and laptops is providing further support for cobalt's consumption in the battery market.

Cobalt is also a vital ingredient in superalloys, which are used to make parts in jet aircraft engines. This sector is forecast to see sustained growth during the medium term, particularly in China where about 3,000 new passenger aircraft are expected to be required by 2025.

Supply constraints are also pushing prices higher. Shipments from the Democratic Republic of Congo, one of the world's most important suppliers, have almost dried up since a ban was imposed by the central government on concentrates leaving the DRC in October.

Credit Suisse has just increased its forecast supply deficit for next year from about 1,000 tonnes to 1,680 tonnes and has reduced its forecast for a supply surplus in 2009 from 9,400 tonnes to 5,000 tonnes. The bank predicts cobalt could reach $50 a pound ($110,230 a tonne).

Copyright The Financial Times Ltd. All rights reserved.

[pisa]

MINORS ANALYSIS
Cobalt starts 2008 on upward path, sets new 30-year highs By Martin Hayes - Senior Correspondent, [e-mail] ([phone])

London, 02 January 2008 - Cobalt prices started 2008 on an upbeat note, with the first trading day of the year seeing renewed consumer interest and prices at their highest since 1978, and the historic peak of $50 is likely to be exceeded soon.

"Consumers have come in already with enquiries, and it is only a matter of time before $45 (BHP Billiton's offer) is taken out," a trader said.

Producer BHP-Billiton, which last sold 99.80 percent cobalt in mid-December, is offering at $45.00 a pound. The free-market price for high-grade is now $43.25/44.25, while Russian 99.30 percent is quoted at $41.50/42.50.

"The cobalt market should remain tight, underpinned by tightening short term supply and surging demand. We are raising our average cobalt price forecast by 50 percent in 2008 from $20/lb to $30/lb," broker Credit Suisse said.

"Prices could spike to $50 per pound in the short term if supply continues to dry up while demand remains strong," the broker added.

Cobalt rallied sharply during the final quarter of 2007, with prices jumping 79 percent from nine-month lows of $24.00/25.00. Market fundamentals are firm -- supply is tight in the 65,000-tonne a year market and demand is racing ahead.

"We are increasing our forecast deficit for 2008 from around1,000 tonnes to 1,680 tonnes and significantly reduce our forecast 2009 surplus of around 9,400 tonnes to around 5,000 tonnes as many projects continue to suffer delays," Credit Suisse added.

STRONG DEMAND

End-users in super-alloys, re-chargeable batteries and gas-to-liquid (GTL) catalysts are having to scramble to secure supplies. Some estimates for 2008 demand see a 30 percent increases in aerospace super-alloy and power generating GTL sectors.

Concentrate supply tightness from the Democratic Republic of Congo (DRC) has also been instrumental in the price rise of the last quarter, as there has been a clampdown on exports of cobalt ore, traders noted.

The first quarter of 2008 is looking particularly tight -- several long-term deals have yet to be booked with key consumers, while some end-users are looking to secure fixed-price deals, rather than transacting formula-based contracts, traders said.

Cobalt's price spike to its all-time highs around $50 a pound took place in mid-1978, when insurgents disrupted mining activity in the mineral-rich Shaba province of Zaire -- now the DRC.

The country then was a major producer, along with Zambia, of copper and consequently by-product cobalt, so supply uncertainty had an explosive impact on the market -- producer prices at the start of that year were just $6.85.

Although the market is now only some $7.00 under its record, in real-terms upside potential is much higher as $50 a pound is the equivalent of $123 now.

But there is a possibility that higher cobalt prices could prompt substitution especially within the battery sector in the medium term and superalloys in the long-term, Credit Suisse noted.

"However we expect substitution to be slow and insignificant to the cobalt market in the short-term, given the acceleration in other metal prices. Substitution of cobalt could also result in the loss of product performance in most applications, and we believe the recent jump in cobalt prices will only begin to impact demand in the medium/ long term."
MinorMetals.com
[e-mail]
12 Camomile Street
London
EC3A 7PT

[pisa]

Antwort auf Beitrag Nr.: 32.485.309 von pisa am 19.11.07 19:44:57

Using the reports sensitivity table at an 8% discount rate and using $30/lb cobalt, the valuation equates to $2.07 per share. At Nov 16, 2007 cobalt spot price = $33.30 per pound

Die Jungs haben ja nur bis Cobalt Preis von 30 $ angegeben. Wir sind bei 43 $, Richtung 50 $. Formation hat je nach discount rate einen Wert von mittlerweile 2-3 C$!

Enjoy,
Pisa

[scout]

Antwort auf Beitrag Nr.: 32.922.616 von pisa am 03.01.08 09:44:27

Solange das endgültige EIS und ROD nicht da sind, hilft das leider auch nicht. Und die Behörden scheinen ihre maximalen Fristen zur Erledigung ihrer Arbeiten genüßlich auzuschöpfen. Bezahlt werden sie ja so und so.
Scout

[pisa]

Antwort auf Beitrag Nr.: 32.923.674 von scout am 03.01.08 11:39:11

Bezahlt werden sie ja so und so


Yo. Die mine permit wird dann wohl einen mächtigen rerating Schub auslösen.

Enjoy,
Pisa

[Fruehrentner]

Lesezeichen

[pisa]

Antwort auf Beitrag Nr.: 32.924.033 von Fruehrentner am 03.01.08 12:10:19

Willkommen alter Haudegen!

corporate presento:

http://www.formcap.com/ppt/slide1.htm

Enjoy,
Pisa

[Fruehrentner]

Antwort auf Beitrag Nr.: 32.923.919 von pisa am 03.01.08 11:59:58

Woran könnte der permit scheitern??

Gibts Präzedenzfälle, wo nordamerikan. Explorer keinen permit erhalten haben bzw. der permit deutlich verzögert war?
Kann man das prozentual für diese Region beziffern, oder ist es eine Ausnahme, dass kein permit erteilt wird?

[Fruehrentner]

Antwort auf Beitrag Nr.: 32.924.106 von Fruehrentner am 03.01.08 12:16:29

und was wird so in den amiboards über Formation diskutiert?

Gibts einen link dorthin?

[pisa]

Antwort auf Beitrag Nr.: 32.924.106 von Fruehrentner am 03.01.08 12:16:29

na deutliche Verzögerung ist eher die Regel in den entwickelten Ländern. Bei Formation war auch der support der Öffentlichkeit wichtig, also die Anwohner. Haben sie sehr strukturiert aufgezogen und grossen Support bekommen.

Sie haben ja den ex Idaho Governor an Board genommen, das sollte die Dinge jetzt zum Abschluss bringen.
Also dass die permit nicht kommt halte ich für ein theoretisches Risiko. Aber klar, gibt keine performance ohne Spekulation


Wed Dec 19, 2007
Former Idaho Governor & Secretary of the Interior Elected to Board of Formation Capital

--------------------------------------------------------------------------------

Vancouver, B.C., December 19, 2007 - Formation Capital Corporation (the "Company", FCO-TSX,) is pleased to announce that previous four-term Idaho governor and former U.S. Secretary of the Interior, Cecil D. Andrus has agreed to join Formation's Board of Directors. Formation is developing a cobalt mine in Lemhi County, Idaho, and is currently operating the Sunshine Hydrometallurgical Facility in Shoshone County, Idaho.

"As we enter the final stages of garnering a favorable record of decision and a permit to begin operations, our Board felt it was critical that we place a well known Idahoan on the Board whose personal reputation for integrity and personal stature would in and of itself underscore our commitment to developing an absolutely safe environmentally compatible mine. In Governor Andrus we have such a person," Mari Ann Green, Chairman and Chief Executive Officer of the Company, stated.

In commenting on the appointment the former Idaho governor said he had studied the project carefully, and the environmental protections put in place. "This is the best "green" mining project I've ever reviewed. It is an underground mine with only a 125 acre "footprint," will use only simple physical separation milling on site and yet the product it produces, premium grade cobalt, is absolutely critical to the green movement in this nation as it is a necessary component in such things as hybrid cars and it is used as a catalyst in reducing sulfur emissions from various plants and processes. It is a metal with a hundred uses that are beneficial to mankind," Andrus stated.

"This project not only has national strategic material implications, it also holds great promise for the communities of Salmon and Challis, as well as Kellogg and Wallace, in terms of jobs and for all local and state levels of government in terms of the additional taxes it will generate," the former governor said.

"I will do all within my ability to see that this project is permitted promptly and I look forward to carrying the word to Washington, D.C., regarding the national importance of this project and the need, after 14 years of jumping through all the hoops conceivably possible, to finalize and issue the permit so construction can begin by this coming summer," he added.

Andrus has served on the boards of Albertson's, Key Bank and Coeur d'Alene Mines Corporation since leaving office in 1995. He currently is "of counsel" to the Gallatin Group, a northwest based public affairs firm and chairman of the Andrus Center for Public Policy at Boise State University.

Formation Capital's cobalt deposit is slated to provide the United States with cobalt concentrates and premium grade superalloy cobalt. Premium grade superalloy cobalt is necessary for construction of jet airplane engines, batteries for hybrid and electric cars, high temperature gas turbines, and batteries for computers and other high technology uses. It is estimated that the U.S. currently consumes approximately 20% of the world's cobalt and more importantly, approximately 60% of the high purity material, but does not have any domestic source of superalloy cobalt or cobalt concentrates. Approximately 80% of the world's premium superalloy cobalt supply is controlled by one privately owned Swiss company.

Formation Capital Corporation
"Mari-Ann Green"
Mari-Ann Green
C.E.O.

For further information please contact:
Formation Capital Corporation, 1510 -- 999 West Hastings Street, Vancouver, BC, V6C 2W2
Head Office: 604-682-6229, Investor Relations: Contact Encompass Communications toll free 1-877-566-6592
Email: [e-mail] - Or visit our Web site at: formcap.com


Enjoy,
Pisa

[pisa]

Antwort auf Beitrag Nr.: 32.924.134 von Fruehrentner am 03.01.08 12:18:49

formation wird sicher in amiboards diskutiert. Ich schau da aber nicht rein, der info Gehalt ist für mich gleich null. Coverage gibt es von research häusern und ein paar Gurus (Grandich etc).

Enjoy,
Pisa

[Fruehrentner]

Antwort auf Beitrag Nr.: 32.924.247 von pisa am 03.01.08 12:33:06

Viel aufschlussreicher sind die news der letzen Zeit (2007)!!

Die Entscheidung der Behörden ist überfällig und kann jeden Moment kommen.

Ein trading halt ist daher jederzeit möglich.

hmm, einsteigen oder nicht?? Bin erst gestern auf deinen thread hier gestossen.

In Frankfurt zieht der Kurs heut deutlich an.

Wie ist denn der Kursverlauf und vor allem das Handelsvolumen an der Heimatbörse in den letzten Tagen? Evtl. auffälig hohes Handelsvolumen?
Kann jemand mal den chart von drüben reinstellen?

[Fruehrentner]

Wie siehts denn mit der Finanzierung des ICP aus bei Formation??

Haben die genug auf Kante, um das Projekt durchzuziehen?

[pisa]

Antwort auf Beitrag Nr.: 32.925.010 von Fruehrentner am 03.01.08 13:45:14

ICP ist schon da und arbeitet. Die wird aber erweitert.

In Toronto gibt es ~200K shares Umsatz am Tag, in letzter Zeit steigend. Cash irgendwas um 25-30 mio C$, genaue Nummer muss ich nachschauen.

Sie brauchen sicher nochmal eine Finanzierung, schau einfach in die BFS oder das slideset weiter unten. Da ist der Kapitalbedarf aufgeführt.

Enjoy,
Pisa

[pisa]

Antwort auf Beitrag Nr.: 32.925.089 von pisa am 03.01.08 13:54:09

ICP ist schon da und arbeitet. Die wird aber erweitert

Also ich meine die sunshine refinery die das premium Cobalt Endprodukt herstellt aus dem Minenkonzentrat.

[pisa]

Antwort auf Beitrag Nr.: 32.924.979 von Fruehrentner am 03.01.08 13:41:21

Die Entscheidung der Behörden ist überfällig und kann jeden Moment kommen.

Etzakt.

[Fruehrentner]

Antwort auf Beitrag Nr.: 32.925.235 von pisa am 03.01.08 14:09:58

Die Typen von der Behörde sind wohl diese Neujahrswoche noch im Urlaub. Zwischen den jahren lief auch nix bei denen.

Ergo kann mit hoher Wahrscheinlichkeit was am kommenden Montag bzw. im Laufe der nä. Woche kommen!!

Nicht mehr viel Zeit, um auf den Zug aufzuspringen.

[Fruehrentner]

[Fruehrentner]

Analyse vom Nov. 2007:

http://www.smallcapcenter.com/news/newsCreate/analyst/paar/F…

[Fruehrentner]

So, habe nun den (deutschen) Chart mit diesem thread verknüpfen lassen.

[pisa]

Antwort auf Beitrag Nr.: 32.925.771 von Fruehrentner am 03.01.08 14:45:34

Credit Suisse hat übrigens Ihre Vorhersage drastisch geändert. preis von 40 auf 50$, Defizit dieses Jahr grösser und Überangebot 2009 viel kleiner. Meine Projektion ist übrigens dass Überangebot nächstes Jahr nicht sein wird sondern Defizit.

Seite 10 ist übrigens cool.
Die 0,74 C$ Wert haben sie ermittelt mit Cobalt preis von 17,50 und 11,63& discount rate. bei 10% und Preis über 40 sind wir irgendwo bei 2-3 $ fair value

Würde vermuten, dass sich der share price mit dem mine permit an den fairen Wert angleicht.

Enjoy,
Pisa

[pisa]

Antwort auf Beitrag Nr.: 32.925.563 von Fruehrentner am 03.01.08 14:33:34

Ergo kann mit hoher Wahrscheinlichkeit was am kommenden Montag bzw. im Laufe der nä. Woche kommen!!

Nicht mehr viel Zeit, um auf den Zug aufzuspringen.

Da hat einer in Canada das ganze Ask leergekauft. Fruehrentner warst Du das

Enjoy,
Pisa

[Fruehrentner]

Antwort auf Beitrag Nr.: 32.927.754 von pisa am 03.01.08 16:37:15

waaaaaaas????!!!!!

nee, ich habe gar keine Möglichkeit, in CA zu ordern.

Stell doch mal den intradychart von drüben rein bitte


Muss mich wohl in Frankfurt eindecken - sofern ich mich überhaupt traue. Bin ein gebranntes Börsenkind

[Fruehrentner]

Antwort auf Beitrag Nr.: 32.927.754 von pisa am 03.01.08 16:37:15

Ich glaub' es geht los ...

[pisa]

Antwort auf Beitrag Nr.: 32.927.793 von Fruehrentner am 03.01.08 16:39:08

Bin ein gebranntes Börsenkind

Oh warum denn das.

Hattest Du nicht auch in North Queensland Metals investiert? Das hat sich doch gelohnt.

Enjoy,
Pisa

[Fruehrentner]

FCO an TSX intraday

[Fruehrentner]

Antwort auf Beitrag Nr.: 32.927.801 von Fruehrentner am 03.01.08 16:39:34

jetzt mit Volumen

[Fruehrentner]

[pisa]

Antwort auf Beitrag Nr.: 32.927.793 von Fruehrentner am 03.01.08 16:39:08

http://finance.yahoo.com/q/bc?s=FCO.TO&t=1d

FFM Bid/Ask 0,457:0,509

Enjoy,
Pisa

[Fruehrentner]

Antwort auf Beitrag Nr.: 32.927.910 von pisa am 03.01.08 16:44:47

hab NORTH QU. auch nur auf watch list

Hab in letzten Jahren zu oft daneben gegriffen, will eigentlich die Finger lassen von Einzeltiteln, lieber auf Index setzen.

Kanns aber nicht lassen, mir Einzeltitel anzusehen...

[Fruehrentner]

Antwort auf Beitrag Nr.: 32.928.014 von pisa am 03.01.08 16:50:07

[Fruehrentner]

[pisa]

Antwort auf Beitrag Nr.: 32.928.031 von Fruehrentner am 03.01.08 16:50:59

hab NORTH QU. auch nur auf watch list
oh, Schade.

Habe mit Explorern sehr gute performance gemacht in 2007, denke 2008 wird das noch toppen

Enjoy,
Pisa

[Albatossa]

Antwort auf Beitrag Nr.: 32.927.121 von pisa am 03.01.08 16:03:19

[Fruehrentner]

Antwort auf Beitrag Nr.: 32.928.134 von Albatossa am 03.01.08 16:55:57

[Albatossa]

Antwort auf Beitrag Nr.: 32.928.224 von Fruehrentner am 03.01.08 16:59:54

Muss keine Angst haben vor mir!

[pisa]

Antwort auf Beitrag Nr.: 32.928.224 von Fruehrentner am 03.01.08 16:59:54

Die 0,74 C$ Wert haben sie ermittelt mit Cobalt preis von 17,50 und 11,63& discount rate. bei 10% und Preis über 40 sind wir irgendwo bei 2-3 $ fair value

Würde vermuten, dass sich der share price mit dem mine permit an den fairen Wert angleicht.[/i]

[Albatossa]

Antwort auf Beitrag Nr.: 32.928.067 von Fruehrentner am 03.01.08 16:52:35

Habe da auch was dazu!

[Fruehrentner]

Antwort auf Beitrag Nr.: 32.928.443 von Albatossa am 03.01.08 17:10:48

und deine Schlussfolgerung in Hinblick auf FCO?

[pisa]

Antwort auf Beitrag Nr.: 32.928.443 von Albatossa am 03.01.08 17:10:48

wir sind aber schon bei 43 $ für Cobalt...

www.minormetals.com

Enjoy,
Pisa

[Fruehrentner]

Antwort auf Beitrag Nr.: 32.928.584 von pisa am 03.01.08 17:17:43

umso besser!

[pisa]

US$50/LB PREDICTED
Cobalt price running wild on predicted big supply shortfallCobalt was perhaps overshadowed by gold and uranium and other base metals during 2007, but the metal’s price is accelerating on tight supplies and a predicted big shortfall as demand grows fast.

Author: Rodrick Mukumbira
Posted: Thursday , 03 Jan 2008

WINDHOEK -

It is not as luxurious as gold or as hot as uranium, but cobalt left its mark in 2007, as the former and the latter overshadowed its profile.

Speculative buying and consumer demand in the face of supply constraints in the Democratic Republic of Congo (DRC) and the depletion of US government's and former Soviet Union's stockpiles saw the price for the metal surging over 60% in 2007, the highest since a modern market for cobalt trading was established in 1978.

The cobalt market is currently tight, with producer stocks either said to be sold out or running low, resulting in BHP Billiton and Russia's Norilsk Nickel repeatedly increasing offer prices at every sale.

At the beginning of 2007, the average offer spread cobalt price stood at about US$25 per pound, an increase of about US$12 per pound from the beginning of 2006. The price soared to US$40.25 at the end of the year due to surging demand for batteries for mobile phones and hybrid cars as well as supply constraints following a moratorium on the export of raw concentrates from the DRC in October.

Since the early 90s, cobalt prices had been held down by sales of the US government's stockpiles, and low grade cobalt material from the former Soviet Union, which have largely depleted, according to a Gold Editor Stock Info report.

China increased its consumption to a fifth of global production last year - up from 3% a decade ago, according to Resource Investor, and political concerns following a return to conflict in mineral rich northeastern DRC has had investors worried that production could be constricted.

The Financial Times reported this week that shipments from the DRC, an important supplier, have almost dried up since October when the central government banned concentrates from leaving the country.

Nevertheless, cobalt's public profile is set for further heightening.

Cobalt is largely a copper and nickel mining by-product, with annual production rarely exceeding 65,000 tons, and is now found in a growing range of rechargeable batteries, super alloys such as turbine blades in jet engines, chemicals such as dyes and pigments, wear resistant alloys, catalysts including gas-to-liquid converters, and high performance magnets.

Independent statistics say over the past four years, cobalt use in rechargeable batteries has grown by nearly 300%, the fastest growing segment being the metal's use in fuel-efficient hybrid cars, as the world looks for ways of reducing air pollution and fuel consumption.

The Financial Times report said a battery containing about 2.5 kilograms of cobalt powers the Prius, Toyota's fuel-efficient hybrid car. It quotes auto industry consultants JD Power forecasting that US hybrid-car sales will increase from about 350,000 this year to just over one million by 2012.

Sales of cell phones and laptops are also surging boosting the fortunes of the metal.

This week cobalt for January delivery hit a record-high price of US$45 per pound, according to BHP Billiton's cobalt open sales website, pointing to approximately 50% price increase since January last year.

BHP Billiton, which controls over two percent of the market, sold five tonnes of 99.80% cobalt on December 14 to Europe at US$43, up US$3.75 from its December 7 sale and US$5.25 from its November 29 sale.

Norilsk Nickel was offering the metal at over US$43 per pound.

"The horse has broken out of the stable and is breaking into a full speed stampede, so it's difficult to know where it will end by the time its passions are fully spent," said a bullish trader quoted by Metal-Pages.

Banking group Credit Suisse, which in September inaugurated a market in hi-tech metal cobalt for investors seeking a stable commodity contract, is also confident. Late last month it raised its average price target for cobalt this year by 50% predicting a US$50 per pound price.

"The cobalt market should remain tight, underpinned by tightening short term supply and surging demand," Credit Suisse is quoted as saying, adding "Cobalt prices could spike to $50 per pound in the short term if supply continues to dry up while demand remains strong.

"We believe consumption particularly from China shows no signs of slowing and global demand for cobalt could grow as much as 7% per annum from 2007 to 2009."

The banking group also predicted a supply deficit of 1,680 tons next year.

[Albatossa]

Antwort auf Beitrag Nr.: 32.928.578 von Fruehrentner am 03.01.08 17:17:29

Hallo Fruehrentner,

so schnell geht das doch nicht! Muss alles in ruhe nach und nachdurchlesen und einwenig recherchieren. Auf den ersten Blick recht ordentlich. Aber wie beiden wissen ja es gibt zur Zeit immer noch sehr viele Schnäppchen bei Explorer und Jungminen.

Werde diese Aktie auf jeden Fall weiter beobachten!

MfG

Albatossa

[Fruehrentner]

Antwort auf Beitrag Nr.: 32.928.808 von Albatossa am 03.01.08 17:27:43

beeil dich bitte!

Die Entscheidung hinsichtlich Mine Permit steht unmittelbar bevor.

[Fruehrentner]

oha!

[scout]

Antwort auf Beitrag Nr.: 32.929.048 von Fruehrentner am 03.01.08 17:41:30

Die Behörden werden doch nicht unseren Thread hier lesen, oder doch?

Scout

[pisa]

Antwort auf Beitrag Nr.: 32.929.394 von scout am 03.01.08 18:02:27

[Fruehrentner]

Antwort auf Beitrag Nr.: 32.929.394 von scout am 03.01.08 18:02:27

Wir können die zuständige Behörde ja mal anmailen und fragen, wie lang es voraussichtlich noch dauert mit dem permit.

[Fruehrentner]

Antwort auf Beitrag Nr.: 32.929.722 von Fruehrentner am 03.01.08 18:21:08

Aber vielleicht sind die Öffnungszeiten der Behörde um den Jahreswechsel 2007/2008 ja wirklich auf deren homepage veröffentlicht, so dass wir abschätzen können, ob's diese Woche noch eine Meldung geben wird.

[pisa]

Antwort auf Beitrag Nr.: 32.929.744 von Fruehrentner am 03.01.08 18:22:23

jetzt hast Du schon 1,2 mio shares in Canada aufgesaugt, hast immer noch nicht genug?

Enjoy,
Pisa

[Fruehrentner]

Antwort auf Beitrag Nr.: 32.931.418 von pisa am 03.01.08 19:58:59

schön wär's :O

[pisa]

Antwort auf Beitrag Nr.: 32.933.540 von Fruehrentner am 03.01.08 22:09:55

wie auch immer nettes 20% rerating bei hohem Volumen.

Enjoy,
Pisa

[pisa]

Antwort auf Beitrag Nr.: 32.933.918 von pisa am 03.01.08 22:36:07

so, jetzt schlaf ich ein bisschen und Navigier mich dann zum goldenen Vlies in Australien..


Insiderwitz


Enjoy,
Pisa

[Asynchronmaschine]

hier bestreiten ja auch nur ein paar wenige den thread
man kann sfastagen
hier findet nur ein dialog statt
es gibt threads da ist es noch einen zacken schärfer
dort findet ein monolog statt
unfassbar das alles
das bei werten
die ausgesprochen gut laufen
oder laufen könnten

[pisa]

Antwort auf Beitrag Nr.: 32.934.386 von Asynchronmaschine am 03.01.08 23:14:45

async,
das ist ganz normal.

Eine hohe Threadfrequenz mit vielen postings gibt es meist nur in folgenden Konstellationen:

1. BB(s) pushen den Wert und sind über nicks auf W : O aktiv um Meinungsführerschaft zu erzeugen.
2. Ein gepushter Wert ist zusammengefallen und hat ne Menge ich-geb-meine-shares-für-diesen-niedrigen-preis-nicht-her unfreiwillige longterm holder hinterlassen
3. Der Wert wird in D stark gehandelt unter grossen Schwankungen was viele Day-oder Position trader und Momentumplayer anzieht.


Bei North Queensland Metals bin ich fast ganz alleine. Da habe ich sogar auf Hotcopper in Astralien lange mit mir selbst gesprochen. Dabei ist der Wert eine Riesenerfolgsgeschichte. Haben ein Projekt für Kupfer, Zinn, viel Indium und Silber das kurz for FS steht und dieses Jahr in Produktion gebracht werden soll. Haben kurzfristig massive Gebiete zugekauft, die das Explorationspotential erheblich vergrössern und

von Newmont gerade deren Pajingo Gold Mine (mit allem drum und dran) übernommen für 25 mio A$ (60% Anteil macht 15 mio), das heisst sie sind über NAcht zum Goldproduzenten mutiert! Output dieses Jahr ~60000 Unzen Gold.


Enjoy,
Pisa

[Popeye82]

Habe beide Werte schon einige Zeit auf meiner Liste.
Das mit den BB, "Meinungsführerschaft" ... stimmt wohl,
aber vor den meisten dabeizusein, find ich doch zumindest
sehr positiv.

Weiss ja nicht für was für RStoffe Ihr euch so speziell
interessiert, aber Ihr könntet euch in dem Sinne auch mal
Pershimco Resources angucken?!

[pisa]

Antwort auf Beitrag Nr.: 32.935.317 von Popeye82 am 04.01.08 08:09:53

vor den meisten dabeizusein, find ich doch zumindest
sehr positiv.

Exact!

Enjoy,
Pisa

[pisa]

Antwort auf Beitrag Nr.: 32.935.317 von Popeye82 am 04.01.08 08:09:53

Pershimco Resources, gib mal einen link bitte, ich schau rein

[Fruehrentner]

Morgen.

@pisa

bin mir jetzt nicht sicher, ob du bei GEODEX dabei bist.
Schau Dir auch diesen Wert mal bitte unbedingt an:
Thread: GEODEX MINERALS -CA3719372029-

[pisa]

Antwort auf Beitrag Nr.: 32.935.368 von Fruehrentner am 04.01.08 08:24:16

yo, hab ich angeschaut, ist sehr interessant. ich poste doch dort auch.

enjoy,
pisa

[pisa]

Antwort auf Beitrag Nr.: 32.935.368 von Fruehrentner am 04.01.08 08:24:16

sorry. meinte geovic

geodex ist interessant wegen dem Indium. Das vernachlässigen sie aber. Wolfram Moly wollen sie jetzt erstmal.
Wenn sie ein spin off für die Indium properties machen würden wäre ich dabei.

enjoy,
pisa

[Fruehrentner]

gestriger Schlusskurs in Kanada (TSX): 0,73 CAD = 0,50 EUR

[pisa]

Formation Capital präsentiert sich auf der
2008 Vancouver Resource Investment Conference
Jan 20 & Jan 21, 2008

http://www.cambridgehouse.ca/ch_jan2008.html


Also wer dann dort nach einem Cobalt play sucht (und Cobalt wird ein hot hot topic sein!), wo wird der fündig? Na?

Enjoy,
Pisa

[pisa]

In Toronto gehts weiter rund , start mit 0,77 CAD

[Fruehrentner]

Antwort auf Beitrag Nr.: 32.939.749 von pisa am 04.01.08 15:33:55

[Fruehrentner]

Antwort auf Beitrag Nr.: 32.939.749 von pisa am 04.01.08 15:33:55

Und das im heute allg. schlechten Börsenumfeld.

[pisa]

Antwort auf Beitrag Nr.: 32.940.391 von Fruehrentner am 04.01.08 16:09:26

na, die explorer bei mir sind viele grün,
ist schon so wie stockie sagt, abkoppeln ist angesagt.

Enjoy,
Pisa

[pisa]

nach einer reichlichen Stunde schon über 500000 Stück umgegangen

[Fruehrentner]

Antwort auf Beitrag Nr.: 32.941.023 von pisa am 04.01.08 16:47:28

ich war's nicht :O

[pisa]

800000 shares umgegangen. Kleines minus. Kann noch drehen bei soviel relativer Stärke.

Enjoy,
Pisa

[karmym]

Antwort auf Beitrag Nr.: 32.944.297 von pisa am 04.01.08 20:49:35

danke pisa, bin dank dir auf diesen wert im geovic threat aufmerksam geworden.
ich bin zuversichtlich, dass die bewilligung in amerika erfolgen wird. da wird bestimmt politischer druck gemacht kobaltmässig ein wenig selbständig vom ausland zu werden.
hoffe, dass ich mit meinem heutigen kauf den weiteren aufstieg nicht unterbrochen habe denke aber dass nach einer konsolidierung zuerst die meldung zur zulassung erfolgen muss. das genaue timing zum einstig ist da schwierig. schade hast du mich nicht schon etwas früher auf diesen wert aufmerksam gemacht.

[pisa]

Antwort auf Beitrag Nr.: 32.945.034 von karmym am 04.01.08 22:04:45

willkommen! Und Dank mir nicht. Es ist Dein Geld womit Du spekulierst. Eher umgekehrt, ich freu mich wenn auch andere die Story sehen.

Schluss heute im Dow -256 Punkte ... bibber

Und Formation? SK 0,71 C$, ganze 2 cent verloren

Sowas nach einem 20% Anstieg. Es muss was in der Luft liegen...

Klar denkt man erstmal dass nach 20% Konso ist. Andererseits: 0,74 C$ sind mit 17,50 $ Cobalt price und 11 % discount rate errechnet worden, konservativ. Danach wären wir bei einem fair value von 2-3 C$ bei Cobalt price > 40 und 10 %. Gut gut, der Kobaltpreis kann auch wieder nachgeben, ich sehs nur im Moment nicht.

Die Zulassung wird ein komplettes rerating auslösen IMHO, 1,50 C$ minimum ... Alles meine Projektion..

Enjoy,
Pisa

[Fruehrentner]

intraday an TSX

[pisa]

Lesenswert!

http://www.kitco.com/ind/Hamilton/jan042008.html

Enjoy,
Pisa

[Popeye82]

Thread: Pershimco Res.: Ein aussichtsreicher Gold- und Silberwert , hoffe die Verlinkung haut hin.


Ist aber noch in einem früheren Stadium
-weil mir scheint, daß Du meist einen Fokus auf Near-Term
Sachen hast??

Im Erfolgsfall auf etwas längere Sicht dürfte die derzeitige Bewertung(speziell nach den letzten Wochen nochmal)
ein ziemlicher Witz sein.

Eine überschaubare Tonnage, die aber durch die
super Grades ordentlich was hergibt.

Regelrecht abgefahren finde ich noch die hier:
Thread: Continental Goldfields – eines oder evtl. dass größte Vanadium Projekt der Welt , allerdings ist da auch ein großer
spekulativer Anteil bei(wie im Thread angesprochen).

[Popeye82]

Mist, noch ein Versuch.

Pershimco: Thread: Pershimco Res.: Ein aussichtsreicher Gold- und Silberwert

Continental Capital(ehemals C. Goldfields): Thread: Continental Goldfields – eines oder evtl. dass größte Vanadium Projekt der Welt

(stösst man direkt über die WKN glaube ich nicht drauf,
ansonsten mal unter Maigret gucken)

[pisa]

Antwort auf Beitrag Nr.: 32.946.515 von Popeye82 am 05.01.08 06:33:35

Danke!

Near-Term Sachen hast??
Nö gar nicht. Allerdings habe ich den life cycle eines mining stocks verinnerlicht. Daraus ergeben sich dann bestimmte Zeitpunkte zum Handeln und Investschwerpunkte.


Enjoy,
Pisa

[pisa]

Antwort auf Beitrag Nr.: 32.946.517 von Popeye82 am 05.01.08 06:43:32

unter Maigret gucken

guter Mann. Ist bei A1 Minerals mit dabei.

Enjoy,
Pisa

[Popeye82]

Hab ich schon gemerkt.

Wenn wir mal dabei sind, die hier denk ich
dürften auch noch problemlos dazuzählen.

===> Thread: CAPE LAMBERT - 300 Mio to indicated - supply deal mit Sinosteel

Hab verständnistechnisch noch ne Menge vor mir
-aber ich merk langsam, an welche Leute man sich
halten sollte.

[pisa]

Antwort auf Beitrag Nr.: 32.949.182 von Popeye82 am 05.01.08 13:42:31

yo auch Eisen.

Wobei ich dazu generell sage, dass Eisen bei mir nicht sooo dolle auf der Agenda steht.

Ist sehr anfällig wenn Konjunktur lahmt IMHO. Gold verstehe ich. Edelmetalle allgemein. Cobalt/auch Indium auch rare earth gefallen mir weil neue Anwendungen durch die Grosstrends Klimaerwärmung und Umwelt entstehen welche eine Nachfrageabnahme kompensieren können.

Sind mehr so Risikoerwägungen...

Enjoy,
Pisa

[pisa]

Antwort auf Beitrag Nr.: 32.949.317 von pisa am 05.01.08 13:57:18

Uran hab ich noch vergessen. uran auch sehr interessant

[pisa]

Na mal sehen was FCO heute macht nachdem es so superstabil am freitag war, der Dax signalisiert erholung in den USA.

Enjoy,
Pisa

[pisa]

http://www.theaustralian.news.com.au/story/0,25197,23014048-…

There are some metals to watch despite worsening global financial turmoil. China has just further restricted exports of tungsten, which should give that market a boost.

Lynas Corp, which is developing the Mt Weld rare earths mine in Western Australia, reports China has also increased its export tariffs to between 15 per cent (for neodymium as a metal) and 25 per cent (for europium, terbium, yttrium and others). China is the only source of these metals until Mt Weld comes into production in 2009. And Lynas is very pleased with the Chinese action effectively racheting up the international prices.

Cobalt prices got off to a good start with a sale at a post-1979 record of $US45 a pound, and everyone is confident the all-time figure of $US50 will soon be matched. Supplies from the main source, the Democratic Republic of Congo, have been disrupted and BHP Billiton and Norilsk Nickel are finding that each new sale is at a price higher than the preceding one.

Think hybrid cars. The batteries in Toyota's Prius each contain 2.5kg of cobalt, and only 65,000 tonnes are produced each year worldwide. Keep an eye out for announcements that contain the world "cobalt".


Enjoy,
Pisa

[pisa]

Antwort auf Beitrag Nr.: 32.965.994 von pisa am 07.01.08 13:24:09

sorry zuviel gepostet, wollte nur den rare earth Teil zitieren

[pisa]

Antwort auf Beitrag Nr.: 32.966.102 von pisa am 07.01.08 13:34:47

so ein mist, vergesst das Posting, natürlich wollte ich Cobalt zitieren. Habs auch im Aru thread gepostet.. verwechslung

[pisa]

im Moment 0,66 C$, na mal sehen ob der Eisberg zurückkommt...

[pisa]

Antwort auf Beitrag Nr.: 32.967.924 von pisa am 07.01.08 15:54:48

..und krabbelt langsam wieder aufwärts, 0,69, Volumen auch schon wieder 300000 Stück nach 30 min

Echt spannend im Moment weil man nicht weiss was hinter den kulissen vorgeht..


Enjoy,
Pisa

[Fruehrentner]

[Fruehrentner]

Antwort auf Beitrag Nr.: 32.968.180 von pisa am 07.01.08 16:08:10

Die Meldung seitens der Behörde ist nun langsam überfällig und einige Anleger werden wohl nervös und schmeissen, da sie wohl befürchten, dass die Behörde eine Verzögerung mitteilen wird.

Ist aber reine Raterei von mir. Aber Fakt ist, dass die Meldung überfällig ist.

Ich hatte Formation letzte WOche angemailt, wann denn die Behördenmeldung erwartet wird - bisher keine Rückmeldung

[pisa]

Antwort auf Beitrag Nr.: 32.968.950 von Fruehrentner am 07.01.08 16:54:21

naja überfällig weiss ich nicht.

Q1 ist ja noch lange nicht vorbei. Das spielt ja auch nicht sooo die Rolle nach 8 Jahren Genehmigungsprozess.

Enjoy,
Pisa

[Fruehrentner]

Antwort auf Beitrag Nr.: 32.969.266 von pisa am 07.01.08 17:14:30

Seitens Formation wurde die anstehende Behördenmitteillung doch auf Ende 2007 datiert, oder?

[pisa]

Antwort auf Beitrag Nr.: 32.969.578 von Fruehrentner am 07.01.08 17:34:38

ja es hatte immer wieder Verzögerungen gegeben.

Deswegen ist die Verpflichtung des Ex Governor von Idaho so immens wichtig. Der sollte das jetzt in einem Rutsch zum Abschluss bringen können.

Enjoy,
Pisa

[Fruehrentner]

Antwort auf Beitrag Nr.: 32.969.652 von pisa am 07.01.08 17:38:47

ok.

Ich denke, dass es bis zur Mitteilung sehr volatil bleiben wird.

Die Preisfrage ist wie immer: wieviel ist schon eingepreist im jetzigen Kurs bei einem positivem Bescheid, der keine Projektverzögerung bewirkt?

[pisa]

Antwort auf Beitrag Nr.: 32.969.713 von Fruehrentner am 07.01.08 17:42:51

Fruehrentner,
blätter einfach nochmal zurück, da hast Du die valuation. 0,74 C$ per share bei 11 % Abzinsung und 17,50 $ Kobaltpreis. Setzt Du dann die jetzigen Preise ein kommst Du auf valuations 2-3 C$ per share. Das ist aus meiner Sicht das rerating potential im Falle einer erteilten Genehmigung.

Wir sind vor der FS schon über 1 C$ gelaufen, jetzt aber wir die fs schon lange, eine lichthelle Zukunft für den Kobaltpreis und die genehmigung in Reichweite. Denke wir können auch noch ohne genehmigung bis 1 C$ laufen.

Enjoy,
Pisa

[pisa]

Antwort auf Beitrag Nr.: 32.969.713 von Fruehrentner am 07.01.08 17:42:51

und so volatil ist es ja auch nicht. Tief heute bei 0,66 C$, eröffnung bei 0,7, jetzt wieder 0,70 C$.

Das ist nicht volatil.

Enjoy,
Pisa

[Fruehrentner]

Antwort auf Beitrag Nr.: 32.970.009 von pisa am 07.01.08 18:02:07

Entscheidend wird aber der Kobaltpreis zum Zeitpunkt des Förderungsbeginns sein.

Die jetzigen Kobaltpreise sind schön und gut und man kann darauf spekulieren, dass diese so schön hoch wie jetzt bleiben oder noch höher steigen.

Aber das ist halt Börse ...

[pisa]

Antwort auf Beitrag Nr.: 32.970.203 von Fruehrentner am 07.01.08 18:15:24

Entscheidend wird aber der Kobaltpreis zum Zeitpunkt des Förderungsbeginns sein.

Die jetzigen Kobaltpreise sind schön und gut und man kann darauf spekulieren, dass diese so schön hoch wie jetzt bleiben oder noch höher steigen

Nun das ist klar. Förderbeginn ist in etwa einem Jahr. Mine equipment trifft im Sommer 08 ein, dann beginnt construction.

Nach dem was ich weiss sehe ich ein massives Cobalt defizit für 2008. Ich sehe es für 2009 genauso, die Meldungen und Einschätzungen dazu sind ja hier alle im Thread. Was mir auch nicht so klar war : Der Hybrid boom kommt nunmehr voll Cobalt zugute, wahrscheinlich mehr noch als rare earth. Die neuen leistungsfähigen Lithium-Ionen Akkus benötigen noch vielmehr vom Cobalt als die aktuellen, die 2,5 kg cobalt pro Batterie benötigen.

So gesehen sehe ich uns weit über 50 $ laufen und evtl in 2009 auf 40 zurückkommen.


Enjoy,
pisa

[pisa]

Antwort auf Beitrag Nr.: 32.970.203 von Fruehrentner am 07.01.08 18:15:24

der Punkt ist einfach dass bei einem Kobaltpreis von 17,50 $ eine faire Bewertung von 0,74 C$ erzielt wird, jetzt kann man FCO für 0,69 an der tsx kaufen.

Das beruhigt doch ungemein beim Spekulieren auf einen hohen Kobaltpreis mittels Formation Capital

Enjoy,
Pisa

[pisa]

Cobalt News - Published by the Cobalt Development Institute

Cobalt market 2008

http://www.thecdi.com/cdi/images/news_pdf/cobalt_news_jan08.…


Enjoy,
Pisa

[pisa]

na dann, Schluss 0,69 C$

Nochmal zwei cent abgegeben. Na, wenn das die Konso auf en 20% Anstieg war waäre es bullenstark

Enjoy,
Pisa

[Fruehrentner]

Antwort auf Beitrag Nr.: 32.970.311 von pisa am 07.01.08 18:22:24

Was mir auch nicht so klar war : Der Hybrid boom kommt nunmehr voll Cobalt zugute

Das war und ist für mich immer klar gewesen:

Samarium-Kobalt Magnete sind seit langem bekannt, und werden auch in Hybridfahrzeugen eingesetzt.

[Fruehrentner]

[pisa]

Antwort auf Beitrag Nr.: 32.973.786 von Fruehrentner am 07.01.08 22:38:00

nein nicht die Magnete. Ich meinen den grossen Anteil von Cobalt in den Akkus. In den neuen Lithium Ionen Akkus wird erheblich mehr eingesetzt als in den aktuellen, die 2,5 kg Cobalt drin haben.

Enjoy,
Pisa

[Fruehrentner]

FORMATION hat auf meine neuliche Anfrage bezüglich der Behördenentscheidung gestern geantwortet:

Hi XXX.

The company is extremely confident that the necessary permits are forthcoming in the near future. Although the permitting process is a complicated undertaking it is that...a process. As you complete all the necessary steps of the process the end outcome becomes more clear and it is this process that gives the company it's confidence. We are now at the final stage in the process (the Biological Assessment) which the company was told last spring wouldn't even be necessary. All environmental impacts have been addressed in the Draft Environmental Impact Study which has already demonstrated that this mine is an environmentally sound project. The various govt. agencies have already accepted this to be the case.

Now when you ask the question "when" it becomes a little less clear. It is the govt. preparing the Biological Assessment, not Formation Capital. We understand that it should now be very close to completion (if not complete) but as of last week it has not been receipted. In any case, it is close. After this, the US Forest Services has stated that there will be a maximum of 135 days as a consultation period but the company is confident that this a very conservative timetable and that it shouldn't take nearly that long. 135 days usually refers to much larger projects such as diverting streams etc., none of which are the case with the Cobalt project. So, it is not easy to say when the mine permit will be issued but we are optimistic that it will be in the near future.

I hope this information addresses your concerns Dieter. If not, please don't hesitate to contact me with any further questions/concerns.

Regards,

Peter Genge
Encompass Communications Inc., IR Formation Capital Corp.

604 630-0770

[pisa]

Antwort auf Beitrag Nr.: 32.976.862 von Fruehrentner am 08.01.08 10:55:25

Now when you ask the question "when" it becomes a little less clear. It is the govt. preparing the Biological Assessment, not Formation Capital. We understand that it should now be very close to completion (if not complete) but as of last week it has not been receipted. In any case, it is close. After this, the US Forest Services has stated that there will be a maximum of 135 days as a consultation period but the company is confident that this a very conservative timetable and that it shouldn't take nearly that long. 135 days usually refers to much larger projects such as diverting streams etc., none of which are the case with the Cobalt project. So, it is not easy to say when the mine permit will be issued but we are optimistic that it will be in the near future.

Genau hier soll der neue Mann, der Ex Governor ansetzen.

Enjoy,
Pisa

[pisa]

Formation Capital Hires General Manager for Idaho Cobalt Project

Vancouver, B.C., January 8, 2008 - Formation Capital Corporation (the "Company", FCO-TSX,) is pleased to announce the appointment of Mr. Guy Jeske as General Manager for the Underground Mine and Mill of the Company's Idaho Cobalt Project. Formation Capital is developing a primary cobalt mine in Lemhi County, Idaho, and is currently operating the Sunshine Hydrometallurgical Facility in Shoshone County, Idaho.

Mr. Jeske brings to Formation a wide range of operations and maintenance experience in mining, crushing, and milling and possesses strong business, environmental and management skills. He was most recently the Vice President and General Manager for the Rochester mine in Nevada owned and operated by Coeur d'Alene Mines Co. He has over 31 years of mine management and explosives industry experience, including 11 years with Cyprus Minerals including five years as Resident Manager of the Yellowstone Talc Mine near Ennis, Montana and two tours of service at Thompson Creek. He has a Bachelor of Science degree in geological engineering and holds Professional Engineer's licenses for mining engineering in both Nevada and Michigan.

Mr. Jeske will manage the development of the mine and mineral processing plant from final design through construction and operation. He will be responsible for directing daily operations and the implementation of goals, objectives, policies, procedures and work standards. Management is very pleased to welcome Mr. Jeske to the Formation Capital team.

Formation Capital's cobalt deposit is slated to provide the United States with cobalt concentrates and premium grade superalloy cobalt. Premium grade superalloy cobalt is necessary for construction of jet airplane engines, batteries for hybrid and electric cars, high temperature gas turbines, and batteries for computers and other high technology uses. It is estimated that the U.S. currently consumes approximately 20% of the world's cobalt and more importantly, approximately 60% of the high purity material, but does not have any domestic source of superalloy cobalt or cobalt concentrates. Approximately 80% of the world's premium superalloy cobalt supply is controlled by one privately owned Swiss company.

Formation Capital Corporation
"Mari-Ann Green"
Mari-Ann Green
C.E.O.

For further information please contact:
Formation Capital Corporation, 1510 -- 999 West Hastings Street, Vancouver, BC, V6C 2W2
Head Office: 604-682-6229, Investor Relations: Contact Encompass Communications toll free 1-877-566-6592
Email: [e-mail] - Or visit our Web site at: formcap.com


The statements contained in this news release in regard to Formation Capital Corporation that are not purely historical are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including Formation Capital Corporation's beliefs, expectations, hopes or intentions regarding the future. All forward-looking statements are made as of the date hereof and are based on information available to the parties as of such date. It is important to note that actual outcome and the actual results could differ from those in such forward-looking statements. Factors that could cause actual results to differ materially include risks and uncertainties such as technological, legislative, corporate, commodity price and marketplace changes.
Copyright © 2008 FORMATION CAPITAL CORPORATION (FCO) All rights reserved. For more information visit our website at http://www.formcap.com/ or send email to [e-mail] .
Message sent on Mon Jan 7, 2008 at 5:24:54 PM Pacific Time

[Fruehrentner]

Antwort auf Beitrag Nr.: 32.979.308 von pisa am 08.01.08 14:07:53

Wieviele Leute wollen die denn noch abwerben von Idaho?

[pisa]

Antwort auf Beitrag Nr.: 32.979.466 von Fruehrentner am 08.01.08 14:19:55

nur die Besten, den seine expertise brauchst ja auch damit die Mine nächstes Jahr online ist.

Skilled workforce ist ein Riesenthema in der Minenindustrie.

Das ist eine ganz tolle Nachricht für FCO, das sie den bekommen konnten.

Enjoy,
Pisa

[pisa]

In Canada schon 750000 shares umgesetzt, eröffnung bei 0,70 C$, jetzt 0,73 C$, +5,8%.

Es geht weiter

Enjoy,
Pisa

[pisa]

wow

+10%

1,5 mio shares umgegangen

SK 0,76 C$

Dow -238 Punkte,


Pisa

[pisa]

Progress!

Completed Biological Assessment Significantly Advances Permitting on Idaho Cobalt Project

Vancouver, B.C., January 09, 2008, Formation Capital Corporation, (Formation, FCO-TSX), announced today its wholly owned subsidiary, Formation Capital Corporation, U.S. ("the Company") located in Salmon, Idaho, reports the United States Department of Agriculture Forest Service (USFS) has completed the Biological Assessment and Biological Evaluation (BA) of the effects of the Idaho Cobalt Project (ICP) on listed or regionally sensitive species under the Endangered Species Act.

"What we were happy to find is that the determination in the report states that the ICP (including the transportation route) would have "no effect" on federally endangered Snake River sockeye salmon or its critical habitat", said Bill Scales, President of Formation Capital US. "The report also states that the ICP is not likely to result in the destruction or adverse modification of designated Critical Habitat or Essential Fish Habitat for salmon or trout," he continued.

In reference to threatened species of salmonids the report states that a hazardous material in transit associated with the ICP is only "likely to adversely affect" ESA listed salmonids if (1) an accident occurs near a stream, (2) the shipping container ruptures, (3) the amount of material reaches toxic concentration, and (4) the salmonids are resident in the stream. A table in the report indicates that the accident probability analysis shows that the majority of the materials transported would have a probability of an accident occurring near a stream once in less than 1,000 years and only a few have a risk of once in less than 100 years.

"We are and have always been very focused on protecting endangered or threatened species around our project and along its transportation route", said Ms. Green, CEO of Formation. "We will have a thorough Spill Prevention and Response Plan in place which will largely eliminate the potential for any spill effects on salmonid species" she added.

"Why this is so significant", said Bill Scales from his Salmon Idaho office, "is that there is only one more document, the Biological Opinion, to come before the USFS can finalize the Environmental Impact Statement and issue the Record of Decision. It is a welcomed advance in the process."

The report has been forwarded to National Oceanic and Atmospheric Administration (NOAA) and the Fish and Wildlife Service and the consultation period has been initiated. The completion of the consultation will result in a Biological Opinion which will outline for the USFS any additional mitigation measures that NOAA and Fish and Wildlife would want considered in the Record of Decision. Although the consultation process has a maximum allowable time frame of 135 days, the Company is hopeful the ICP Biological Opinion can be completed sooner.

The USFS has revised its Schedule of Proposed Actions to reflect a Record of Decision in July 2008. In correspondence with the USFS they provided the following explanation:

"It is unfortunate that your investors place so much weight on dates in the Schedule of Proposed Action (SOPA). Projected completion dates for all but the simplest of projects are commonly revised and only become more definitive as major milestones in the process are achieved. In the case of the Idaho Cobalt Project, with the draft Environmental Impact Statement behind us and the initiation of the consultation process, a date for a decision can be more accurately predicted. We understand the proposed July 2008 date for the Record of Decision is conservative; being based on a maximum timeframe for completion of consultation (135 days) and a modest amount of time to prepare final documents."

Formation Capital Corporation is dedicated to the principles of environmentally sound mining and refining practices, and believes that environmental stewardship and mining can co-exist. The Company trades on the Toronto Stock Exchange under the symbol FCO.

Formation Capital Corporation
"Mari-Ann Green"
Mari-Ann Green
C.E.O.

For further information please contact:
Formation Capital Corporation, 1510 -- 999 West Hastings Street, Vancouver, BC, V6C 2W2
Head Office: 604-682-6229, Investor Relations: Contact Encompass Communications toll free 1-877-566-6592
Email: [e-mail] - Or visit our Web site at: formcap.com

The statements contained in this news release in regard to Formation Capital Corporation that are not purely historical are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including Formation Capital Corporation's beliefs, expectations, hopes or intentions regarding the future. All forward-looking statements are made as of the date hereof and are based on information available to the parties as of such date. It is important to note that actual outcome and the actual results could differ from those in such forward-looking statements. Factors that could cause actual results to differ materially include risks and uncertainties such as technological, legislative, corporate, commodity price and marketplace changes.

[Fruehrentner]

Antwort auf Beitrag Nr.: 32.997.365 von pisa am 09.01.08 19:16:55

[Fruehrentner]

[Fruehrentner]

Cobalt trades at $46.25/lb, fresh high since 1978

London, 10 January 2008 - Cobalt prices again recorded fresh highs since 1978 on Thursday, with business at $46.25 a pound -- producer BHP Billiton sold six tonnes of high grade metal in North America, up $1.25 from its previous trades.

BHP Billiton is still offering five tonnes of January shipment metal at that price.

The free-market spot price is now quoted at $45.00/46.50 a pound, basis 99.80 percent high grade, up around $0.75, while Russian 99.30 percent rose to $43,00/43.00 a pound, up $1.00.

Source: MinorMetals.com

[pisa]

After steel, LME will explore the potential for minor metals futures By Perrine Faye - Correspondent, [e-mail] ([phone])

Email this page to a friend - Printer friendly version
London, 10 January 2008 - The London Metal Exchange (LME) on Wednesday said it would soon look into the possibility of moving into minor metals, but it dropped the idea of listing a magnesium contract and for now, its primary focus remains the upcoming introduction of steel futures.

"We will, in the next three months, begin serious consideration of the suitability of minor metals," LME Chief executive officer Martin Abbott told reporters at a briefing in London.

Exactly a year ago, the exchange mooted minor metals as candidates for contract status, but it has yet to progress these to formal talks. Cobalt and molybdenum are first on the line, after which the LME may look at the bulk ferro-alloys as potential markets to bring under its wing.

"There is no pledge to launch them before we look at them," Abbott said. "We will test everything that we think is potentially tradable, but it doesn't mean we will pursue them necessarily."

The LME carried out in 2007 a feasability study on magnesium and opted not to list this lightweight metal used in alloying.

"Having looked at that study and having considered it in the aluminium committee, we have decided not to proceed with the magnesium contract...We don't think magnesium is suitable for an exchange contract at this stage," Abbott said.

He said magnesium is a small market -- smaller than tin, the tiniest LME-traded metal --, it is difficult to store in warehouses and almost entirely dominated by China.

"China's ability to swtich it on and off really makes it a difficult market," Abbott said.

China is the world's biggest producer of magnesium, with 2006 output soaring to 526,000 tonnes, out of total global output of 726,000 tonnes. The next major producers were Canada and the US, at 50,000 and 43,000 tonnes respectively.

China became the dominant force in the market in the 1990s, producing metal cheaply, with many Western producers having to close down -- this was the case of Hydro and Dow. So there is little potential for supply elsewhere to meet any shortfall from China.

China's influence was illustrated earlier this year when the imposition of a 10-percent tax on exports of magnesium from the country sent spot magnesium prices to their highest level since 1994, with record high prices set to be on the cards.

"Storage of magnesium is also a huge problem. So when we put all these together, we decided there were better places to be than magnesium," Abbott added.

SPOTLIGHT ON COBALT AND MOLYBDENUM

Cobalt and molybdenum appear to be more plausible contracts for the LME as they are more globally diverse in terms of supply and also have certain synergies with current LME contracts. Cobalt, used in super-alloys, is either a by-product of nickel or copper production, while molybdenum is a co-product with copper. So producers of the primary metals will be familiar with the LME.
But for now, the LME's primary focus remains the launch of its two physically-delivered billet steel futures contracts -- on February 25 on the electronic market and on April 28 on the ring and telephone market.

The soft launch in February is not expected to bring a huge amount of business, but volumes should pick up after the hard launch, although interest is likely to take time to build up, Abbott said.

"What I want to see is buyers and sellers, a two-way market," he said. Ultimately, a successful steel contract will dominate this exchange, but that's some way down the road."

The LME currently trades aluminium, copper, zinc, lead, nickel and tin as primary metals. It also has two aluminium alloy contracts and two plastics markets. The LME is "on track" to double its trading volumes by 2011, on the basis of the 2006 turnover of 87 million lots.
MinorMetals.com
[e-mail]
12 Camomile Street
London
EC3A 7PT
t: [phone]
f: [phone]

[Fruehrentner]

pisa,

kannst du dir das mal anschauen bitte? Was hälst du davon:

Thread: Windimurra Vanadium - in 11 Monaten Vanadium-Produzent

[pisa]

Antwort auf Beitrag Nr.: 33.018.339 von Fruehrentner am 11.01.08 12:29:45

die hatten doch gerade mächtig Geld eingesammelt oder

[Fruehrentner]

Antwort auf Beitrag Nr.: 33.019.766 von pisa am 11.01.08 14:16:48

keine Ahnung.

Aber reine Vanadiumexplorer gibts wohl nur sehr wenige. Darin liegt für mich der Reiz. Habe mich aber ansonsten noch gar nicht damit beschäftigt.

[pisa]

Cobalt continues to advance, starts week at fresh 29-year peak

London, 14 January 2008 - Cobalt showed no sign of losing upward momentum in the free-market on Monday, with prices starting the week at a fresh high since 1978, getting tantalisingly closer to the all-time peaks around $50 a pound.

Producer BHP Billiton late on Friday made a sale of five tonnes of 99.80 percent metal at $47.50, and has subsequently raised its offer to $48.25. Russia's Norilsk, which sold 35 tonnes of 99.30 percent cobalt at an average of $43.55 last week, is indicating a price of $44.25.

The free-market spot price for 99.80 percent is now pegged at $47.50/48.50 a pound, while Russian 99.30 percent is at $44.00/45.00 a pound.
MinorMetals.com



Pisa

[pisa]

und wieder knapp 500000 shares umsatz

SK 0,76 C$

Enjoy,
Pisa

[pisa]

Cobalt in demand

Wednesday, 16/01/2008

Mining companies are beginning to hunt for more cobalt deposits, to cash in on record prices, and demand for clean technology.

Cobalt is used in batteries, and Ralph Stagg, from Broken Hill Cobalt Limited, says the hunt for alternative sources of energy is driving a new boom.

"The other main application is in battery technology and so if you've got a mobile phone the battery has got cobalt in it, in particular this is very exciting with our push forward in the world to reduce carbon emissions by moving to hybrid and electric cars," he says.

minormetals.com

[pisa]

47% AVERAGE TAX BURDEN
Miners concerned about proposed Zambian windfall profits tax
A recently proposed windfall profits tax—which would increase mining taxes from an average 31.7% to 47%-- has miners doing business in Zambia somewhat worried.

Author: Ronald Mwila
Posted: Tuesday , 15 Jan 2008

NDOLA -

Following Zambian President Levy Mwanawasa's announcement that his government would introduce a windfall tax on miners this year, several mining houses in the country have expressed mixed feelings.

The Chamber of Mines of Zambia (CMZ) has declined to comment for the moment, with General Manager Fred Bantubonse telling Mineweb.com: "The President's speech is still being studied by the owners of the companies [the investors]. We are, therefore, unable to offer any comments at the moment."

Some miners, however, say--much as they understand the government's need to moblise more revenues--there was a risk that proposed changes might lower the country's competitiveness in attracting more investors to the sector.

During the official opening of Parliament last Friday, President Mwanawasa said the government would introduce a windfall tax that would earn the treasury at least US $400 million this year alone. He added that, effectively, mineral taxes would increase from an average of 31.7% to 47%.

Derek Webbstock, Chief Executive of Luanshya Copper Mines Plc (owned by International Mineral Resources and Bein Stein Group Resources) and Chambishi Metals Plc, Zambia's largest cobalt producer, told the media since he could not contest government decisions, "it is a pity we were not consulted before."

Mining companies in Zambia signed development agreements with the state enshrining corporation income tax rates as low as 25%, long stability periods and a royalty rate of 0.6% for base metals; the latter has been the subject of renegotiation since late last year but talks are yet to conclude. Most of the development agreements were signed during the privatisation of the country's copper mines, when international prices were low and the state sought to lure investors into the sector.

"We need to take a balanced view [in discussing the matter because] it is understandable that the mines are doing reasonably well," Webbstock said.

Lumwana Mining Company [owned by ASX-listed Equinox Minerals] Corporate Affairs Manager Nathan Chishimba stressed the need to ensure that changes did not stifle further investments in the sector besides ensuring that Zambia remained competitive as an mining destination.

"Government is right to put up changes to the mining tax regime...[but] it is important to ensure that the investment clmate remains favourable," Chishimba told The Post. "Just recently, Zambia won an international award for outstanding achievement in terms of attractiveness to mineral investrs during the period 2006/2007...This is the flip side we hope government considered when coming up with the new mining taxes as Zambia is competing with countries that have lower costs of doing business."

Albidon Zambia and Vedanta-controlled Konkola Copper Mines Plc opted to study the government proposals before commenting on the matter.

minormetals.com

[pisa]

Antwort auf Beitrag Nr.: 33.079.133 von pisa am 17.01.08 11:12:11

damit haben beide, Zambia und Congo prinzipielle Verschlechterungen für die dortigen Minen. Beide Länder haben den Löwenanteil der Cobaltförderung.

Formation wird m.E. eine dicken Bewertungsbonus bekommen weil sie mit Standort Nordamerika ein ganz anderes Standing bzgl. Liefersicherheit haben.

Enjoy,
Pisa

[pisa]

Antwort auf Beitrag Nr.: 33.080.588 von pisa am 17.01.08 13:05:08

würde mich also nicht überraschen wenn sie in Kürze attraktive Vorwärtsverkäufe aushandeln könnten. Kobaltpreis on the run und Liefersicherheit als dicke Fauspfands in den Verhandlungen.

Enjoy,
Pisa

[pisa]

0,76 CS. Nach dem Anstieg war nun Verschnaufpause, die jetzt bald beendet sein sollte und nächsten Anstieg einläutet..

Enjoy,
Pisa

[pisa]

Norilsk Nickel Raises Its COBALT Price to $45/lb from $44.25
http://www.nornik.ru/en/cobalt

[pisa]

puuuh -14 % im Moment in Canada. Volumen ziemlich gut, 868K stück bisher

Nicht schön.

Na mal sehen was zum Schluss hin passiert...

Pisa

[pisa]

Antwort auf Beitrag Nr.: 33.122.492 von pisa am 21.01.08 21:26:47

recovering Mode...

0,67 C$, +8,1 %


In Zeiten wie den letzten Tagen werden Vermögen gemacht und vernichtet

Enjoy,
Pisa

[pisa]

Blackouts hamper Zambian mining operations
By Alec Russell

Published: January 24 2008 02:00 | Last updated: January 24 2008 02:00

Konkola Copper Mines, the largest copper producer in Zambia, has had to suspend its operations because of flooding caused by recurrent power cuts, it said yesterday, writes Alec Russell.

Zambia had three outages in 72 hours this week affecting cobalt and copper mines. The cuts are the latest sign of an electricity crisis, affecting swathes of southern Africa, including Zimbabwe and Namibia, although Zambia's difficulties are not believed to be directly connected to problems in South Africa, where demand has outstripped supply.

KCM, which is majority-owned by London-listed Vedanta Resources, said workers were trapped underground by the power cuts and had to be rescued by using emergency power supplies.
Copyright The Financial Times Limited 2008

[pisa]

Differential between cobalt grades widening By Martin Hayes - Senior Correspondent, [e-mail] ([phone])

Email this page to a friend - Printer friendly version
London, 24 January 2008 - Structural changes in the cobalt market, as well as shifts in production, have led to the differential between 99.80 and 99.30 percent increasing -- a trend that may continue.

Traders said that declining production from the former Falconbridge (now Xstrata) has resulted in the premium over other grades widening.

Falconbridge, a 99.80 percent cobalt producer, saw its 2007 output decline by some 1,000 tonnes, around one-fifth below 2006. This took place when demand of its high-grade metal from the commercial and military aerospace sectors is rising.

"The shortage of Falconbridge cobalt has led to an increasingly widening premium for Falconbridge over other grades -- currently the swap market versus Russian or 99.6 cathodes is over $3.25 lb and seemingly heading to $4.0 lb," one said.

Also, as Falconbridge is now owned by Xstrata, its cobalt is marketed differently and more efficiently. So the leakage to the free market has virtually been eliminated.

"The only source of Falconbridge to trader hands is BHP, where tonnage available at any one price is typically small, 5/10 tonnes, before the price is hiked up again." the trader said.

Producer BHP Billiton sells by-product cobalt from its nickel operations -- this is material that is refined by Falconbridge through a toll agreement.

This trend is taking place at a time of booming cobalt prices -- the market is presently at its highest since 1978 and getting closer to the all-time peaks around $50 a pound.

BHP Billiton is offering five tonnes of 99.80 percent metal at $48.25. Russia's Norilsk, which produces 99.30 percent, is indicating a price of $45.00.

The free-market spot price for 99.80 percent is now pegged at $48.00/49.00 a pound, while Russian 99.30 percent is at $45.00/46.00 a pound.
MinorMetals.com
[e-mail]
12 Camomile Street
London
EC3A 7PT
t: [phone]
f: [phone]


Und Formation?
Wird premium grade cobalt herstellen

Enjoy,
Pisa

[tommy-hl]

Antwort auf Beitrag Nr.: 33.164.971 von pisa am 25.01.08 09:32:32

Hallo pisa,

ich hatte mal gesagt, dass Formation bei Kursen um 0,50 EUR kein Kauf ist, sondern nur haltenswert.

Heute ist der Kurs bei rund 0,40 EUR, was einen Kauf schon interessanter macht.

Gibt es denn schon Neues in Bezug auf die ausstehende Genehmigung (Umweltbehörde?)? Beziehungsweise was schätzt Du, wann diese Genehmigung kommen wird?

Danke + Gruß

tommy


Hier ist, was Grandich von seinem Vancouver-Treffen sagt:

Grandich Publications, LLC., www.Grandich.com
January 28, 2008
The Grandich Letter

Mining and Exploration Stocks

While I was there only one day, the recently-concluded Vancouver resource show had a record crowd. It was truly standing room only. Such attendance could suggest too much euphoria, but a good part of the attendees I polled were there because of overall market concerns, and this show was a good place to hopefully learn something.

The disparity between mining shares (especially those on the junior resource side) and underlying metal prices appear to be at an extreme. But, this is the third year that I have said this… maybe the third time’s a charm?

Formation Capital (FCO-TSE $ .65)

Another booth that was swarming with investors, but I did get a chance to speak with the CFO. Everyone can now taste the end zone and with cobalt prices doing so well, we all can wait to spike the ball on news of receiving the final permit.

[pisa]

Antwort auf Beitrag Nr.: 33.201.597 von tommy-hl am 29.01.08 14:46:09

Hi Tommy,
die 0,40 sind ja nur theoretisch. I.d.R ist es schwierig nahe am Bid in D zu kaufen. Meist musst Du aus dem ask kaufen. Würde auch die tsx empfehlen weil dort mehr Volumen ist und besserer Bid/Ask Spread.

Also endgültige Genehmigung soll spätestens im Juli dasein.
Wobei der ex Governor die Sache beschleunigen sollte.

Enjoy,
Pisa

[pisa]

Na, sieht ja aus als ob wir den Anstieg nun auskonsolidiert haben. Kann dann wieder weitergehen.

Enjoy,
Pisa

[pisa]

tipps tapps tipps auf leisen Sohlen...

0,64 C$ in Can.

Enjoy,
Pisa

[pisa]

Re: Cobalt News - Wednesday, February 06, 2008
Title: Congo deals major blow to miners
Publisher: MINING REPORTER
Author: ANDY HOFFMAN
Government reopens all contracts, saying it wants a bigger slice of profits

Scores of mining companies hoping to tap the billions of dollars worth of mineral riches in the Democratic Republic of the Congo were dealt a major setback yesterday after the government indicated it wanted a bigger slice of their profits and said that all mining contracts would have to be renegotiated.

Congo's vice-minister of mines Victor Kasongo said that a "brief and open" appeal process will be created to help "fast track" the renegotiations.

In an address to a mining conference in South Africa, Mr. Kasongo said that when a government panel was formed last April to study the validity and fairness of 61 mining contracts, it expected it would have to rectify a few agreements.

"We actually found that we had not a single contract that was properly constituted. What was meant to be a minor corrective has turned out to be multiple, major surgery," he said.

[pisa]

Antwort auf Beitrag Nr.: 33.215.825 von pisa am 30.01.08 16:52:12

[pisa]

Antwort auf Beitrag Nr.: 33.313.156 von pisa am 08.02.08 18:52:39

Cobalt bei 50 US$

Enjoy,
Pisa

[pisa]

Cobalt extends gains above $50 a pound, hits fresh high since 1978
London, 19 February 2008 - Cobalt prices were rising again in Europe on Tuesday, with the market establishing a bridgehead above the $50.00 a pound level, trading at $51.00, another fresh high since 1978.

Today, producer BHP-Billiton sold five tonnes of 99.80 percent cobalt in Europe at $51.00, up $0.75 from business last week. It has now hiked its offer by $1.50 a pound to $52.50 for five tonnes of February metal.

The free-market price for high-grade rose as well to $51.00/52.00, while Russian 99.30 percent held at $46.00/47.00.

"The floor of all the grades will be above $50.00 soon -- it is a question of 'when' not 'if' at present," a trader said.

Cobalt rallied sharply during the final quarter of 2007, with prices jumping 79 percent from nine-month lows of $24.00/25.00. Market fundamentals are firm -- supply is tight in the 65,000-tonne a year market and demand is racing ahead.
MinorMetals.com

[pisa]

London, 21 February 2008 - Cobalt rose to a fresh high since 1978 on Thursday, with traders reporting 99.80 business at $52.00 a pound.

The free-market price for high-grade rose $0.50 to $51.50/52.50, while Russian 99.30 percent was around $46.00/48.00.

"The cobalt market seems to have broken out of its cage now," a trader said.

Earlier this week, producer BHP-Billiton sold five tonnes of 99.80 percent cobalt in Europe at $51.00 and hiked its offer by $1.50 a pound to $52.50 for five tonnes of February metal.

Cobalt rallied sharply during the final quarter of 2007, with prices jumping 79 percent from nine-month lows of $24.00/25.00. Market fundamentals are firm -- supply is tight in the 65,000-tonne a year market and demand is racing ahead.
MinorMetals.com

[scout]

Antwort auf Beitrag Nr.: 33.435.204 von pisa am 21.02.08 13:47:08

Tja, aber solange nicht klar ist, ob FCO überhaupt abbauen darf, wird sich am Aktienkurs nicht viel ändern. Und die Beamten genießen es, die Unternehmer zappeln zu lassen, und damit auch uns, die Aktionäre. Also noch ca. 5 Monate warten. Leider!
Scout

[tommy-hl]

Am Dienstag präsentiert sich Formation auf der PDAC:


http://www.pdac.ca/pdac/conv/2008/ie-exchange-forum.html

[pisa]

Antwort auf Beitrag Nr.: 33.528.938 von tommy-hl am 02.03.08 18:54:17

na mal sehen ob das heute Impulse gibt

[pisa]

http://network.nationalpost.com/np/blogs/tradingdesk/archive…


PDAC: Special attention for Moly, Tungsten and Cobalt

Posted: March 04, 2008, 3:00 PM by DrewHasselback
Mining, PDAC 2008
Specialty metals like molybdenum, tungsten and cobalt are definitely getting their share of attention these days -- and rising prices reflect this interest. In fact, at PDAC many of these metals are all some attendees talk about.
Molybdenum, which is often referred to as "moly," is used to strengthen steel and is a catalyst in petroleum refining. In the days of US$100 a barrel oil, you can see where the high level of interest comes from.
Thompson Creek Metals Co. is one of the largest publicly-traded pure moly companies. It has four properties -- two in British Columbia, one in Idaho and another in Pennsylvania -- and reports a measured and indicated resource of 1 billion pounds of moly.
In a presentation to PDAC on Tuesday, COO Ken Collison said one of the benefits of being a primary producer (most moly is produced as a by-product of copper mining) is that primary producers tend to produce a cleaner end-product.
Responding to a question about the potential for additional reserves at its 75%-owned Endako project in B.C, Mr. Collison said the company is beginning to look beyond the existing property.
Another moly company is Adanac Molybdenum Corp., which is developing the Ruby Creek project. It expects to be in production by late 2009 or early 2010.
Larry W. Reaugh, the company's executive chair told PDAC that industry-wide capacity issues will impact medium-term supply. He also pointed to a similarity in price movements for oil and moly, attributing this to the "intense" use of moly by the oil industry. So if the demand for oil rises, the demand for moly will too, he added.


Next up is cobalt with Formation Capital Corp., which has two cobalt properties in Idaho. Company spokesperson Rick Honsinger said it is trying to become the sole primary cobalt producer in the Western Hemisphere.
Like other specialty metals, the price of cobalt has soared in recent months -- rising roughly 100% since August 2007 and is now above US$50 per pound.
Adding a dose of humour to his presentation, Mr. Honsinger said there are two options when seeking permitting in the world -- "difficult and impossible." The U.S. has chosen to be difficult.
Cobalt's primary uses include jet engines, turbine blades, rechargeable batteries and solar panels. And it is also stockpiled by the U.S., Mr. Honsinger said. The company expects cobalt consumption to outstrip supply through 2012, which should support prices. Another key point he noted was that the U.S. is a primary producer, but has no domestic supply.
The company also has stakes in two joint venture uranium projects in the Athabasca Basin with Cameco and Areva.


Another specialty metal that may get less attention is tungsten. North American Tungsten Corp.'s chairman and CEO, Stephen Leahy, highlighted the fact that China currently produces 85% of global supply. North American Tungsten produces 4% and there has been no exploration in the western world for several decades, he added.
Why is it attractive? It is the hardest material on earth next to diamonds, and the highest melting point. Tungsten typically has been used as an additive for steel, but its uses have been expanding recently. It has also become a key compound in high-end industrial cutting tools and mining equipment, which demonstrates its importance in terms of global industrial economic activity.
And with China's consumption doubling over the past decade and their 62% control of the global resource base, the tungsten market is part of an intriguing political dynamic.
But North American Tungsten boasts that its 100%-owned Mactung development near the Yukon-NWT border is the biggest high-grade deposit in the world. It also has the producing Cantung project nearby, which was restarted in 2005.


Jonathan Ratner

[karmym]

Antwort auf Beitrag Nr.: 33.565.380 von pisa am 06.03.08 10:27:39

in stockhouse habe ich bei einem user gelesen, dass sich umweltschutzgruppen gegen den bau der anlage wehren und dass wahrscheinlich mit auseinandersetzungen vor gericht gerechnet werden muss. ein produktinonsstart wird dort mit anfang 2010 gerechnet. diese infos sind anscheinend aus einer regionalzeitung.

[Fruehrentner]

Antwort auf Beitrag Nr.: 33.565.470 von karmym am 06.03.08 10:34:09

sehr wichtige info! Danke für die Recherche. Müssen wir im Auge behalten.

[pisa]

Antwort auf Beitrag Nr.: 33.565.470 von karmym am 06.03.08 10:34:09

diese spekulation/Gerücht könnte auc der Grund sein warum FCO nicht weitergelaufen ist und an den 0.6x festklebt. Ein Gang vor ericht wäre in der Tat unerfreulich. Glaube ich aber nicht dran. Hier in D ja, aber nicht dort.

Muss halt der Neue Mann was tun für sein Geld. Cobalt wird viel in umweltschonenden Technolgien eingesetzt, Stichword Hybrid.

Enjoy,
Pisa

[tommy-hl]

Formation war ja auch dort ...

CANADIAN MINING PERSPECTIVES: Prospectors' ritual gathering, v.2008

By: Jane Werniuk
TORONTO - It's over. The booths have been packed up and shipped out, the rugs have been rolled up, the leaflets and balloons and refuse recycled or disposed of, and everyone has scattered to the four corners of the world.

The 76th annual convention of the PROSPECTORS & DEVELOPERS ASSOCIATION OF CANADA was a smash hit success, with all the record-breaking numbers that you might expect of an industry riding the big kahuna of high commodity prices and the favour of investors. The attendance rose to more than 20,000 this year, at least 14% over last year's record numbers of 17,600. The number of Trade Show exhibitors rose 24% to 351, and occupied 12,500 m². The number of exhibits in the Investors Exchange, comprising exploration and mining companies, rose 52% over last year to 650, and covered 11,600 m². More than 10% of the exploration and mining companies who exhibited are based outside of Canada. More than 100 countries had a presence at the convention.

Despite the rapid expansion, the PDAC staff and their hired hands did a very professional organizing job, with no glaring errors or omissions. There were a lot of happy customers.

The grand prize for one lucky delegate was a 1.54-ct princess cut diamond from the Ekati mine northeast of Yellowknife, donated by BHP BILLION. Its $16,000 retail value was more than any of the previous diamond prizes.

The increasing size of the convention and clamour for more exhibit space forced the association to move the convention to the South Building of the Metro Convention Hall, allowing all the exhibits, talks and meals to be on just two levels of the same building, although there were convention-related receptions spread across the downtown area. It was a remarkable sight at 5.30 each evening when the exhibit halls were closed down, to see thousands of tired bodies funnelling onto two escalators to make their way up two levels to the ground floor (where the door opened up to a view of the CN Tower and the Rogers Centre stadium, and waiting shuttle busses to the downtown hotels), or up one more level to the Skywalk over to Union Station and the Royal York Hotel.

As the popularity of the Prospectors' convention has grown, there has developed a large gang of repeat conventioneers from around the world who consider the PDAC convention home turf for a few days every March. Wherever they come from, and whatever languages they speak, they know their way around the streets, the PATH, the subway, restaurants and bars of downtown Toronto. The remarkably popular PDAC convention has truly brought the mining world to Toronto, helping to maintain the city's status as the world's largest mining finance centre. A London, U.K.-based mining reporter told me, "I don't think you can be in the mining business anywhere in the world and not attend the PDAC; I do more business here than at any other show."

There was a euphoria about the convention this year, at a time when gold is edging toward a US$1,000 per ounce price, and the platinum price has risen almost 50% in the first two months of 2008. Increased precious and base metal reserves and resources were being announced like show-and-tell, with companies wanting to bring out their very best news in front of all their friends and colleagues.

What was it like to try to find those special people whom you want to meet, deal or bargain with, or just rub shoulders with, in a crowd of 20,000? It's interesting how you saw a lot of the same people over and over, but, without the use of cell phones (which often didn't work in the subterranean location), it was actually hard to find a specific person. On the other hand, the number of eligible brokers, students, employees, suppliers, investors and other contacts has grown so large that your chances of finding one (if you're not fussy which one) were much increased. There were noticeably more students and younger people, partly because they are attracted by the prospect of finding summer jobs (a traditional function of the convention), and because they were treated well by prospective employers and by the PDAC, which hosted a student lunch on the Tuesday, attended by around 500 university students.

For the first time, the program included a reception for Women in Mining, with more than 460 in attendance, and speeches from several women including outgoing PDAC president Patricia Dillon and Ontario's assistant deputy minister of Northern Development and Mines, Sue Herbert.

Aboriginal people were high on the agenda this year. Ms. Dillon on behalf of the association signed a Memorandum of Understanding with Chief Phil Fontaine on behalf of the Assembly of First Nations, cementing the teamwork approach that has been developing between the two organizations. The election of Glenn Nolan this year as the association's 2nd vice-president means that Mr. Nolan with become the PDAC's first Aboriginal president in 2012.

More than 250 media representatives were registered. The National Post newspaper had an editor and two reporters full time at the convention, publishing a whole section on Mining Business for the March 4th newspaper; their online editor Drew Hasselback admitted that they could have used an extra writer on site because of the size of the convention and the number of stories that could be covered.

You know your industry has hit the big time when former U.S. president Bill Clinton and mining magnet Frank Guistra plan a major mining industry fund-raiser for the Clinton Foundation on March 2nd, the day before the convention began, attracting many celebrities and notables, as well as mining industry types with deep, deep pockets. And to think that was just two days before presidential candidate (and Bill's wife) Hillary Clinton's must-win primaries in Texas and Ohio. Oh Bill, who does your scheduling?? (Fortunately for Bill, Hillary won both primaries.)

In summary, the convention was lots more of everything - excitement, news, money, people, fun, entertainment... With a wary eye over their shoulders, people were enjoying the good times, hoping that they continue, at least until retirement.

www.canadianminingjournal.com

[karmym]

wieder mal was positives :-)

http://biz.yahoo.com/ccn/080307/200803070447120001.html?.v=1

[pisa]

Antwort auf Beitrag Nr.: 33.579.924 von karmym am 07.03.08 15:52:03

hast Du die Grades gesehen?? Da unten scheinen Atombomben zu liegen

[Fruehrentner]

Antwort auf Beitrag Nr.: 33.579.924 von karmym am 07.03.08 15:52:03

gibt's ein RT chart von drüben??

wie reagiert der Kurs??

[Popeye82]

Stimmt -wirklich ABGEFAHREN!!!

[scout]

Nun, das erste Permit gibt es jetzt, das "water permit". Jetzt dauert es vielleicht doch nur mehr bis Ende 2008 bis alle anderen erteilt sind.
Scout

[pisa]

Antwort auf Beitrag Nr.: 33.633.659 von scout am 13.03.08 18:04:11

ach was Ende 2008, kann ja auch mal ein bisschen schneller gehen
dieser ex governor soll mal was tum für seine Anteile

Formation Capital Receives Water Right Permit for Idaho Cobalt Project
Thursday March 13, 12:07 pm ET

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 13, 2008) - Formation Capital Corporation (TSX:FCO - News) announced today its wholly owned subsidiary, Formation Capital Corporation, U.S. ("the Company") located in Salmon, Idaho, has received a Water Right Permit from the Department of Water Resources of the State of Idaho for its proposed 100% owned Idaho Cobalt Project. The Company is very pleased with this latest advancement as it represents a significant development in the overall permitting process for the project.
The permit will allow the Company to appropriate water from the Ram deposit which will be used in the milling process. Specifically, it allows the Company to pump water from the Ram deposit to the mill site, where it will be used in the milling and froth flotation circuits to produce a cobalt / copper concentrate. The concentrate will then be shipped to the Company's 100% owned Big Creek Hydrometallurgical facility, located in northern Idaho, for processing into high purity end product cobalt and copper metals.
Engineering studies indicate the amount of water that will be pumped from the Ram workings will be more than adequate to satisfy the milling and concentrating requirements. In addition, the permit allows for the appropriation of water from the Sunshine Deposit, which is currently not considered in the Bankable Feasibility Study, as well as two locations on the Big Flat area where the millsite and other ancillary facilities will be located. Unused water will be treated and discharged in accordance with all state and federal water quality standards to will ensure no measurable impact to surface waters.
"The issuance of this permit is a welcome move that demonstrates clear progress in the permitting of the project," said Mari-Ann Green, Chairman and CEO of Formation Capital Corporation. "As the first of the permits needed to open the Idaho Cobalt Project, this is a significant milestone. We are working hard to see the remaining permits issued in time to begin mine construction this coming season."
Formation Capital Corporation is dedicated to the principles of environmentally sound mining and refining practices, and believes that environmental stewardship and mining can co-exist. The Company trades on the Toronto Stock Exchange under the symbol FCO.

Formation Capital Corporation

Mari-Ann Green, C.E.O.

[karmym]

http://www.stockhouse.com/bullboards/viewmessage.asp?no=2269…

aus dem stockhouse forum, weiss nicht genau von wo der user die infos hat aber scheinbar sollte auch im märz noch die permit für electricity kommen.

[pisa]

Antwort auf Beitrag Nr.: 33.635.796 von karmym am 13.03.08 20:59:52

Hi karmym,
guter Fund.

das muss von der Website der Genehmigungsbürokraten sein.


Und Cobalt jetzt 52/53 weiter steigend.


Cobalt sale seen at 30-year high, producer cuts price, however
London, 14 March 2008 - Producer BHP Billiton on Friday sold high grade cobalt at a 30-year high of $52.25 a pound, but although the business was $1.25 above its previous sale on February 19, it cut its price to make the sale.

The producer had been offering 99.80 percent metal at $52.50 a pound but had not made any sales. Its offer price is now $52.25 for 10 tonnes of March delivery metal.

The free-market price for high-grade cobalt remained at $52.00/53.00, while Russian 99.30 percent was $48.50/49.50.

Russian producer Norilsk is indicating a price of $48.50 this week, having sold 70 tonnes last week at an average price of $47.37.
MinorMetals.com
[e-mail]


Enjoy,
Pisa

[pisa]

Slow review hurts miners in Congo
Fri 14 Mar 2008, 6:57 GMT
By Joe Bavier

KINSHASA (Reuters) - The slow pace of a government review of mine contracts in the Democratic Republic of Congo is holding up development of the nation's mining heartland, the governor of mineral-rich Katanga province said on Thursday.

Moise Katumbi told Reuters the delays in the review process were unfairly putting a brake on the investment plans of major mining companies active in Katanga, which holds the bulk of Congo's copper and cobalt reserves.

The vast former Belgian colony in central Africa set up a mining contract review commission last year after a new government took office following the holding in 2006 of the country's first democratic elections in more than four decades.

The process, which aims to overhaul deals agreed during the chaos of a 1998-2003 war and ensure a fair share of mining revenues for the state, was initially due to last six months.

"It's a problem that this revisiting of contracts has taken nearly a year," Katumbi told Reuters in an interview.

Congo's mines ministry announced it had completed its review of 60 deals on February 18 and transmitted the results to companies concerned. It said it would institute a "brief and open" appeal process to avoid litigation and international arbitration.

However, many companies are still waiting to meet with state mining authorities to discuss what changes to their contracts will be necessary.

"For the moment, it's frozen. Everyone is waiting for the review. Today the bankers don't want to give credits to miners, because the banks must feel secure. They must be able to clearly see what's going on," Katumbi said.

INVESTORS PENALISED

Congo's once mighty mining sector, a potential treasure trove of largely unexploited concessions, has seen its output decrease and its infrastructure crumble during years of conflict, corruption and neglect.

Interest in mining has boomed again since the holding of the polls, which confirmed Joseph Kabila as president and were intended to usher in a new era of stability and economic growth.

The huge southeast province of Katanga has seen major investment from international mining companies such as Freeport McMoRan Copper and Gold Inc, BHP Billiton, and Katanga Mining Ltd..

Katanga's governor said that while he backed a review to clean up the sector and advance development, big investors were being unfairly punished by the slowness of the process.

"(For) those that have had concessions for 20 years and have never done anything ... it's normal (to carry out a review). The government must recuperate those concessions and give them to serious companies," he said.

"But we want these large companies that are investing now to have their contract reviews completed as quickly as possible, so they can get started again."

In November, a leaked preliminary report from the review commission said none of the contracts under study was considered "viable" in their current form. It said that all would require renegotiation or should be cancelled.

Congo's Deputy Mines Minister Victor Kasongo told a mining conference in South Africa earlier this year that the review panel had been surprised by the number of flawed contracts, which were largely responsible for the delays in the process.

[pisa]

Antwort auf Beitrag Nr.: 33.633.659 von scout am 13.03.08 18:04:11

Title: Fundamental Research Report - FCO Buy Recommendation
This is Not an Official Company News Release - For the Information of Shareholders and Interested Parties Only -

Dear Shareholder/Interested Party,

Please find below a link to the latest research report from Fundamental Research Corp. on Formation Capital Corporation. Fundamental Research provides individual and institutional investors with high-quality industry, company specific, and academic-style research reports:

http://www.formcap.com/i/pdf/2008-04-08FundamentalResearch.p…

The report gives a buy recommendation and a fair value of $0.80, based on utilizing a conservative discount rate of 11.63% and using $17.50 per pound valuation for cobalt. Cobalt is currently trading at over $50/lb.

As per the sensitivity table on page 11 of the report, utilizing an 8% discount rate and $40/lb cobalt, the fair value returned is $2.35 per share.

Formation Capital Corporation


Enjoy,
Pisa

[scout]

Antwort auf Beitrag Nr.: 33.890.123 von pisa am 15.04.08 17:17:00

Ich weiß nicht, ob es da etwas zu "enjoyen" gibt. Mich wundert, daß dieser "Research"-Bericht noch immer von July als Termin für den ROD ausgeht, wo doch Herr Henderson vom Forest Service bereits November 2008 angekündigt hat und danach wegen möglicher Klagen überhaupt keine Prognose für den weiteren Ablauf machen will.
Die Börse geht offensichtlich von weiteren Verzögerungen mit völlig offenem Ausgang aus.
Traurig aber wahr!
Scout

[tgfn]

weiß man, unter welchen umständen die ownership auf 10% erhöht werden können. 2% wird wohl kaum schotter einbringen


Vancouver, B.C. March 07, 2008 - Formation Capital Corporation (the "Company", FCO-TSX,) is pleased to provide its shareholders with an update on its Virgin River Uranium Project, as provided to the Company by project operator, Cameco Corporation. Located within the south-central portion of the Athabasca Basin in northern Saskatchewan, the project is a joint venture formed in 1998 between Formation Capital Corporation's wholly owned Canadian subsidiary, Coronation Mines Limited, and UEM, jointly owned by Cameco Corporation and by AREVA Resources Canada Inc. Coronation Mines Limited owns 2% of the project with a right to increase its ownership of the project up to 10% under certain circumstances.

[pisa]

Antwort auf Beitrag Nr.: 33.895.383 von tgfn am 16.04.08 10:08:02

ja mit Geld. Ich muss es nachschauen.

Enjoy,
Pisa

[pisa]

Antwort auf Beitrag Nr.: 33.895.132 von scout am 16.04.08 09:43:27

die Börse geht im Moment überhaupt unfreundlich mit Explorern und Developern um. Klagen hin und her. Am Ende lässt sich das geld mit Regeln.

Enjoy,
Pisa

[tgfn]

Formation
Capital holds a 2% interest, and they do not have to expend any funds until UEM has spent
$10 million on exploration. UEX has spent $8.4 million and expects to spend $3.3 million in
2007. Thus, after this season of exploration, Formation Capital can be expected to fund 2%
of future work. Formation Capital has the first right of offer to gain an additional 8%
interest, for a total interest of 10%.

ist aus dem http://www.researchfrc.com/ paper, s.8

[tgfn]

sorry, im update steht`s auf S.4

[pisa]

J.F. Mackie & Company Ltd., of Calgary, Alberta, has completed a research report on Formation Capital Corporation with a buy recommendation and a 12 month target price of $0.85. J.F. Mackie is an independent equity investment firm based in Calgary, Alberta, Canada. J.F. Mackie received no compensation for the writing of this report.

A copy of the report can be obtained by contacting them directly at:

J.F. Mackie & Company Ltd.
1550, 335 - 8 th Avenue S.W.
Calgary, AB T2P 1C9
Canada

ATTN: Mr. Rob Knowles, Analyst
[e-mail]
Direct: [phone]
Main: [phone]

Enjoy,
Pisa

[Fruehrentner]

Antwort auf Beitrag Nr.: 33.998.870 von pisa am 30.04.08 08:45:36

@pisa

danke für's Aktualisieren und Pflegen des threads (auch bei North Queensland)

[pisa]

Antwort auf Beitrag Nr.: 33.998.891 von Fruehrentner am 30.04.08 08:48:25

gern geschehen

[pisa]

News - Thursday, May 01, 2008
Title: Detailed Design and Procurement of Idaho Cobalt Project

Mine & Concentrator 65% Complete
Vancouver, B.C., May 01, 2008 Formation Capital Corporation (FCO-TSX) has been provided an update by its wholly owned subsidiary, Formation Capital Corporation, U.S. ("the Company") regarding the Engineering and Procurement status of its 100% owned Idaho Cobalt Project (ICP) located near Salmon, ID.

In July 31, 2007 the Company announced the results of a positive feasibility study on the ICP with a recommendation from Samuel Engineering, Inc. (Samuel) to continue with the detailed engineering of the project as well as the ordering of certain long lead equipment items. This process is well underway and to date is not showing any escalation in the capital costs from those reported in the July feasibility study. Engineering and Procurement for the ICP is being conducted by Samuel with Construction Management under the joint direction of Samuel and MTB Project Management Professionals, Inc. (MTB). In addition civil design for roads etc, is being conducted by Telesto Solutions, Inc. (Telesto).

Samuel is reporting detailed design, engineering and procurement for the Surface Facilities is 65% complete as at the end of March 2008. Completion of work is pending receipt of vendor information for purchased equipment. Surface facilities include:

• Aerial tramway to haul ore and waste from the mine to the process facilities
• Mine dewatering sump pump and pipeline
• Underground mine electrical distribution
• Ore and waste rock stockpile area
• Crushing and screening plant including metal building enclosure
• Fine ore conveying and storage
• Flotation concentrator and metal building enclosure containing: grinding and classification circuits, rougher and cleaner flotation, concentrate handling, filtration and packaging, tailings thickening and filtration, tailings backfill plant including paste delivery system to the mine and instrumentation and control
• Ancillary facilities
• Civil engineering design for the above

Samuel is also reporting that all of the major equipment, with the exception of the tailings filter and paste system, has been purchased. The remaining items are out to bid or recommended for purchase and are under review for approval for purchase by the Company. Major packages recommended for purchase or purchased and in fabrication include:

• Aerial tramway system
• Mine dewatering sump pump
• Crushing and screening building
• Crushing and screening plant
• Concentrator building
• Fine ore bin
• Grinding mill
• Flotation cells
• Tailings thickener
• Concentrate filter

Telesto is providing civil design for mine access roads and tailings and waste rock storage facility and is reporting that design is essentially complete and preparation of requests for proposals for construction may now proceed. Design of the road upgrade through the adjacent property is underway and is scheduled for completion in 4-6 weeks.

Telesto also reports that design work on the mine portal bench is 75% complete, is ready for review by the regulatory agencies and is ready for requests for proposal for construction. Final design is awaiting detailed geotechnical work scheduled to be completed as soon as snow cover and access can be provided for drilling equipment.

At the Company's hydrometallurgical facility near Kellogg, Idaho, considerable time has been spent to date optimizing the process and evaluating equipment selection. The result of this work has been a simplification of the process and a reduction in capital cost. This work is now substantially complete. Samuel is reporting ongoing engineering tasks are 15% - 20% complete. Design specifications for the equipment are underway and approval of final design has been issued on many items.

• Detailed design of the facilities include:
• Design for new equipment in the existing building
• Cobalt recovery building structure
• Concentrate leaching using nitrogen species catalyzed pressure oxidation leach
• Heat recovery systems
• Copper solvent extraction and electro-winning
• Cobalt solution purification using nickel ion exchange, zinc solvent extraction and precipitation and filtration circuits
• Cobalt electro-winning
• Cobalt metal handling and packaging
• By product purification and handling
• Reagent storage and preparation
• Utilities and services
• Electrical power distribution
• Instrumentation and control
• Process metallurgical design
• Procurement services for the above

Management is pleased with the progress of the engineering and procurement of the ICP and hydrometallurgical facility and anticipates the project will stay on the feasibility study budget. MTB continues to work closely with the Company's technical team and Samuel to ensure the timely advancement of the project.

Formation Capital Corporation is dedicated to the principles of environmentally sound mining and refining practices, and believes that environmental stewardship and mining can co-exist. The Company trades on the Toronto Stock Exchange under the symbol FCO.

Formation Capital Corporation
"Mari-Ann Green"
Mari-Ann Green,
C.E.O.

For further information please contact:
E.R. (Rick) Honsinger, P.Geo. V.P. Corporate Communications
Formation Capital Corporation, 1510 -- 999 West Hastings Street, Vancouver, BC, V6C 2W2
Tel: [phone] - Email: [e-mail] -- Web: formcap.com

[pisa]

nach wochenlanger Ruhephase zieht der Kurs heute in Can wieder an, +6%...

Enjoy,
Pisa

[pisa]

Antwort auf Beitrag Nr.: 34.153.354 von pisa am 22.05.08 18:21:36

und zwar weil die "biological opinion" fertiggestellt ist und FCO einen Umweltmanager eingestellt hat.


Enjoy,
Pisa

[pisa]

action...

high heute bisher bei 0,59 C$, +16%

Enjoy,
Pisa

[pisa]

Antwort auf Beitrag Nr.: 33.896.154 von tgfn am 16.04.08 11:12:09

hi tgfn,
die U grades waren extrem hoch, die Besten die dort in der Region je gefunden wurden. Die 10% sollten sie sich auf jeden Fall sichern.

Enjoy,
Pisa

[pisa]

http://www.researchfrc.com/research/pdf/fco/FCO%20Update%20-…

Habs nochmal nachgelesen. Die Biological opinion der Fischereiaufsicht kam pünktlich innerhalb der 135 Tage seit Dezember. Sieht also so aus als ob ROD ttatsächlich vor der Tür steht.
Mag man ja kaum glauben das es tatsächlich im Sommer losgeht,
man hat sich ja mittlerweile an delays und delays und delays gewöhnt in der Minenindustrie..

Also dann, auf auf in die Höh

Enjoy,
Pisa

[pisa]

Antwort auf Beitrag Nr.: 34.164.787 von pisa am 24.05.08 13:23:40

minormetals.com

BHP's Ravensthorpe at full capacity in 2010
Email Print Normal font Large font AdvertisementMay 23, 2008

BHP Billiton, the world's top miner, said on Friday it will be at least two years before its Ravensthorpe nickel mine in Western Australia reaches full capacity of 50,000 tonnes a year after a series of delays and $1.2 billion in cost overruns.
The project, which started production in 2007 about nine months behind schedule, has cost about $2.3 billion to build and is one of the largest nickel-making facilities in the world.

"It hasn't been a walk in the park,'' BHP's president of stainless steel materials, Jimmy Wilson, told a media briefing.

Ravensthorpe has faced spiralling materials and labour costs over its four-year development phase, which saw its initial cost estimate of $1.1 billion double by the time the project was erected in remote farmland near the Great Australian Bight.

Mr Wilson said the project was operating at about 35% of full capacity and output would rise steadily over the next year and a half, reaching full capacity in the second half of the financial year ending June 30, 2010.

"We don't see any constraints that are insurmountable,'' he said.

The project employs complex technology involving the leaching of dry ores known as laterites. Earlier attempts at the process in Western Australia have struggled for viability.

Laterite ore contains only small amounts of nickel and requires intensive processing to produce a saleable mix of nickel and also cobalt.

Nickel laterite projects have a chequered history in WA and have claimed the scalps of a notable few, including Joe Gutnick and Andrew Forrest.

Andrew Forrest, recently crowned Australia's richest man after making a fortune in iron ore mining, was ousted from the board of Anaconda Nickel after problems with his multi-billion-dollar Murrin Murrin project in the 1990s.

Anaconda, founded by Mr Forrest was later restructured and renamed Minara Resources. It has yet to reach its promised production runs of 40,000 tonnes a year-plus.

Mr Gutnick's Centaur Mining & Exploration went into receivership in 2001 amid commissioning problems and budget blowouts associated with its Cawse nickel mine.

Fat Prophets analyst Gavin Wendt said there would be "a lot of eyes'' on how the Ravensthorpe mine progressed.

Rivals eyeing Ravensthorpe's progress include rival Rio Tinto, which BHP Billiton is seeking to take over via an all-scrip deal valued at about $US177 billion ($185 billion).

"If this operation comes on stream and has some problems, I'm sure Rio Tinto will take the opportunity to point out that perhaps BHP Billiton are not as experienced as they claim to be,'' Mr Wendt said.

BHP initially estimated in 2004 it would cost $1.1 billion to build the Ravensthorpe complex and upgrade a nickel refinery in Townsville, Queensland on the other side of Australia for value adding.

Two years later, in October 2006, the president of BHP's steel materials division, Chris Pointon, left following cost over runs of more than $1 billion and start-up delays.

Still, BHP says the metal, needed to add strength and sheen to stainless steel, is in abundance in the clay-like ore around Ravensthorpe.

Nickel, which in the past has sold for up to $US50,000 a tonne, currently fetches around $US25,000 on the London Metal Exchange.

Future "swing'' production of nickel pig iron predominantly by China, would eventually "smooth out'' volatility in world nickel prices by better balancing supply and demand,'' Mr Wilson said.


BHP shares closed 21 cents lower at $47.49

AAP, Reuters

[pisa]

minormetals.com

Congo shuts Chinese-run miner over ore export ban
Reuters
23 may. 08 - 08.40h
KINSHASA, May 22 (Reuters) - Democratic Republic of Congo's mining authorities have shut down Chinese-operated Congo Dongpang Mining for breaking a ban on exporting raw cobalt ore from Katanga province, a provincial official said on Thursday.

Mineral-rich Katanga last week began enforcing a suspension of cobalt concentrate exports to ensure companies were not flouting measures prohibiting the export of raw ore.
"We banned cobalt concentrate exports because some companies were abusing the government's good faith," Bartelemy Mumba Gama, Katanga's provincial mines minister, told Reuters.

He added mines inspectors found crushers and bagged crushed raw minerals being prepared for export at Congo Dongpang Mining.

Katanga's provincial government is seeking to halt the export of raw minerals and force companies to produce value-added processed products, such as cobalt metal, inside Democratic Republic of Congo.

The provincial minister said the closure order against Congo Dongpang Mining was enforced on Wednesday in the presence of both himself and national mines minister Martin Kabwelulu.

"This is the first company we have closed, but it will not be the last," he added.

[pisa]

der Markt sagt FCO startet diesen Sommer. +7 % abermals.
Enjoy,
Pisa

[pisa]

Antwort auf Beitrag Nr.: 34.175.167 von pisa am 26.05.08 22:15:00

hoch runter hoch, Stärke zum Handelsende in Can.

Enjoy,
Pisa

[pisa]

Geovic will Vorwärtsverkäufe zur Finanzierung abschliessen. Naja klang für mich nicht so toll weil der Hebel auf den Cobaltpreis damit begrenzt wird.

Werde ich mal beten dass Formation die Banken anzapfen kann und nicht so viel dilution oder hedging zu beklagen ist....

Enjoy,
Pisa

[pisa]

bottom line für mich: Der eine oder andere Lachs kann was abbekommen, die bedrohte Art an sich ist jedoch nicht gefährdet durch ICP.
Schön. Also warten wir auf ROD.

Formation Capital Corporation: Biological Opinions Grant Endangered Species Act; Exemption Permit for Idaho Cobalt Project
Thursday May 29, 7:00 am ET


VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 29, 2008) - Formation Capital Corporation ("Formation") (TSX:FCO - News) is pleased to announce that its wholly owned subsidiary, Formation Capital Corporation, U.S. (the "Company") is in receipt of copies of the Biological Opinions for its Idaho Cobalt Project ("ICP") completed by National Oceanic and Atmospheric Administration's National Marine Fisheries Service ("NMFS") and the U.S. Fish and Wildlife Service ("USFW"). The finalized reports conclude that the ICP, as proposed, is not likely to jeopardize the continued existence of Endangered Species Act listed or regionally sensitive species and is not likely to destroy or adversely modify designated critical habitats for those species.
ADVERTISEMENT


The Endangered Species Act (ESA) prohibits the taking of endangered or threatened species without a specific permit or exemption. Among other things, an action that harasses, wounds, kills or harms by altering the habitat of any listed species is a taking. The Biological Opinions contain Incidental Take Statements that exempt the ICP from a taking when the terms and conditions of the Incidental Take Statement are followed. In addition, NMFS outline two conservation recommendations to avoid, minimize, or otherwise offset potential adverse effects on Essential Fish Habitat.

"What this means," said Bill Scales, President of the Company, "is that the 135 day consultation period described in Formation's news release of January 09, 2008 is over and the Forest Service and the Environmental Protection Agency (EPA) are now able to include the NMFS & USFW's terms and conditions and conservation recommendations in the Forest Service and EPA's Records of Decision and finalize them. We understand that the Forest Service will issue their Record of Decision in conjunction with the Final Environmental Impact Statement (EIS) and that the EPA will issue their Record of Decision and Final National Pollution Elimination Discharge Permit 30 days after the Final EIS has been released." He continued, "they have everything they need now. It's just a matter of time."

Quoting from the Biological Opinion prepared by NMFS, Guy Jeske, General Manager for the ICP, said that "NMFS concludes that the actions, as proposed, are not likely to jeopardize the continued existence of Snake River spring/summer Chinook salmon, Sockeye salmon or Snake River Basin steelhead, or result in the destruction or adverse modification of designated critical habitats for Snake River spring/summer Chinook salmon or Snake River Basin steelhead. USFW's opinion concludes that the ICP is also not likely to jeopardize the continued existence of the Bull trout."

"It is very good news that the ESA threatened or endangered species as a whole will not be affected by the ICP," explained Guy Jeske. "However, during construction and operations individual salmon or steelhead may be unintentionally harmed," he continued. "That is the reason we need the "take" exemption." The reasonable and prudent measures outlined in the opinions include measures to minimize incidental take from construction related activities, effects to water quality, more specifically nitrate levels, and monitoring and reporting requirements and the terms and conditions that implement these measures. "This will insure that the effects on fish in the area will be minimal," Jeske added.

"This is a testament to the Idaho Cobalt Project's solid mine plan where the preservation of the environment has always been considered high priority," continued Jeske. "It shows that the design of sustainable, responsible mining can be achieved without compromising the surrounding ecosystem - and we are very proud of that accomplishment."

Formation's Idaho Cobalt Project will provide the United States with high purity super alloy grade cobalt metal required for critical applications such as the construction of jet airplane engines, land based turbines, catalysts for gas to liquid technology, and batteries used in hybrid and electric cars. Formation trades on the Toronto Stock Exchange under the symbol FCO.

Formation Capital Corporation

Mari-Ann Green, C.E.O.

[pisa]

Antwort auf Beitrag Nr.: 34.197.621 von pisa am 29.05.08 16:43:34

zweistellige prozentuale Kursgewinne übrigens in Can.

Enjoy,
Pisa

[pisa]

auch in D Umsatzbelebung.

Schönes WE
Pisa

[pisa]

hatte ja von den bullboards nicht so tolle Meinung aber ein zwei poster dort tragen was bei
----
High grade cobalt, is the forgotten metal .

Every nation on earth is scratching for strategic resources. Strategic resources are the vital resources they cannot do without.
The Pentagon isn’t advertising it, but super-alloy grade high purity cobalt is critical to defend the nation and is in short supply.

At the top of the list is high grade cobalt. Because it can take extreme temperatures, this substance is vital in creating “super alloys” for use in batteries, aircraft and the space program. It is impossible to make a jet-fighter engine without it. And its relative rarity (high grade) makes it even more essential.

With the U.S. fighting two wars, and America’s defense contractors consuming an ever-increasing amount of this irreplaceable metal, high grade cobalt prices are likely to soar, racking up windfall profits for farsighted investors.

Formation Capital Corporation ( http://www.formcap.com/s/IdahoCobaltProject.asp ) may be little-known to investors, but it owns huge reserves of cobalt! Once in production, it can provide 3,3% of world supply and it will be able to feed 14.9% of North American demand for cobalt. And with its huge, as yet untapped reserves, this company has unbelievable upside!
The potential to dramatically increase reserves is considered excellent with a district potential of 50 million tons (after Hughes). The project contains over 20 distinct target zones and of those only four have been drilled to date. Of those four, only one is being used (the Ram deposit) in the calculations of reserves and resources in the current mine plan.

If you like the idea of buying a rarity whose price is about to be squeezed higher by the forces of rising demand and limited supply, you shouldn’t miss this one.

When the world is clamoring for something and there isn’t enough to go around, you’re being handed a gift-wrapped profit opportunity. With both developed and developing nations crying out for faster economic growth, the whole world is consuming ever-increasing amounts of raw materials to fuel their progress.
----

Enjoy,
Pisa

[tommy-hl]

Cobalt in Idaho and an Endangered Species
By Jack Lifton - 12 Jun 2008

DETROIT (ResourceInvestor.com) -- According to the USGS, the U.S. did not mine or refine any cobalt at all in 2007. This may change in the near future.

After seven years of regulatory and legal wrangling Idaho’s Lemhi Pass district, a formerly active copper and gold mining region is coming back as a minor metals storehouse; it is, for example, going to be the location of America’s first primary cobalt mine owned and operated by Formation Capital Corporation [TSX: FCO]. I was told that FCO will shortly indicate its transformation from being an investor, in the development of, to being the operator of a mine by changing its name to Formation Metals Corporation, which will operate the company’s Idaho Cobalt Project (ICP) in central Idaho west of the old mining town of Salmon.

It has been 7 long expensive years since Formation Capital began the legal and regulatory process to get its cobalt rich claims in Idaho’s Lemhi Pass district approved for mining. During this time it has been putting its capital, of course, into surveying and proving the cobalt grades, resources, and reserves on its properties, but it has spent much more on obtaining regulatory approvals than on exploration, geological studies, and process developments combined.

In all fairness this is now the American way of starting up a mining business. First you do some prospecting and find and patent a claim or claims. Then you make the decision to begin climbing the regulatory, principally environmental, hurdles which must be overcome before you can lift one ounce of ore from the claim for commercial purposes. The process usually takes years and it costs a huge amount of money. The developer must first become an expert in the local flora, fauna, climate and aquifer that may, even remotely, be affected by his future mining operation including any effects that may occur up to 50 years after the operation begins or ends!

When FCO started this project in 2001, cobalt was selling for nearly $10/lb. Between then and spring 2003, the price of cobalt fluctuated and got as low as $6.75/lb before it rallied back to just below $10.00/lb again where the above chart begins in the late spring of 2003.

Whatever FCO’s cost of producing cobalt was at the beginning in 2001, the only sure bet would be that this cost would be increasing with time. I spoke at length with one of FCO’s directors, Robert J. Quinn, who is a mining lawyer, and he told me that in the first few years of the regulatory maze the company’s executives would take Pepto-Bismol by the ‘railcar’ as the price of cobalt would go up and then go down, as metals did, by fairly substantial amounts, as the projected costs of operation only went up.

Everyone was ecstatic he said, for example, when cobalt went to $25.00/lb in 2003, but their mood quickly changed as it then edged down to half of that within a year. The $25.00/lb price wasn’t seen again until 2005, and it is only in the last year that the price has begun a steep ascent now standing at nearly $50.00/lb. The amount of Pepto-Bismol consumed has gone down substantially.

I think that high cobalt prices are now sustainable, because of several factors. Chief among these is the political risk of sourcing cobalt from the Democratic Republic of the Congo (DRC), the fact that even if you assume that the political risk of sourcing from the DRC is zero there are now restrictions on exporting cobalt bearing ores from the DRC-they must be refined there, if at all possible-and the Chinese have stepped into the market in the DRC and are intent on obtaining as much cobalt as they can by working with the government of the DRC in ways that western private companies cannot and with vast resources, which far exceed any that can be deployed by a private western, non-BRIC, company.

A related factor is Chinese domestic demand for cobalt, which is immense, and the final factor is the decline of the U.S. dollar against the currencies of China, Australia and Brazil all of which are consumers of cobalt in their domestic OEM heavy industries, which for those countries are growing even as those of the U.S. and Europe decline. Note that the U.S. domestic market is no longer the driver for demand of many minor metals, since the items which are critically dependent on those metals. Such as cobalt, are being made here in lesser numbers daily.

Note well also that each nickel metal hydride battery for a Toyota Prius, or a Honda Fit hybrid, requires 3 pounds of cobalt. Look at the USGS commodity summary for cobalt and you will note that 2007 global production of cobalt was down around 10% when compared with 2006. Production or, at least, export from the DRC was down 25% and this accounted for all of the global decline. This shows you how important it is that the U.S. has little influence in the DRC.

In any case the need for cobalt just for hybrid nickel metal hydride batteries in 2011 will be 2,250 tonnes of new production. The principle use of cobalt is for the manufacturing of superalloys for a variety of uses and cutting tools utilizing cobalt as a cement for carbides and diamonds. Nations which have OEM heavy industries making durable goods highly prize cobalt.

The great fear of investors in mining projects in the U.S. today is not the length of time it takes to go through regulatory approval, and the concomitant exposure during those periods of the project to the ups and downs of metal prices, it is rather the fact that at any time during the process activist environmentalist can enjoin further work on the project claiming that environmental studies by the companies were flawed, incomplete or fraudulent. Only after permits have been issued does the ability to arbitrarily enjoin mining projects become a high enough hurdle to lessen this financial risk.

FCO was therefore elated when it was able to issue a press release on last May 29, less than a month ago, that began as follows:

“Formation Capital Corporation is pleased to announce that its wholly owned subsidiary, Formation Capital Corporation, U.S. (the Company) is in receipt of copies of the Biological Opinions for its Idaho Cobalt Project (ICP) completed by National Oceanic and Atmospheric Administration's National Marine Fisheries Service (NMFS) and the U.S. Fish and Wildlife Service (USFW). The finalized reports conclude that the ICP, as proposed, is not likely to jeopardize the continued existence of Endangered Species Act listed or regionally sensitive species and is not likely to destroy or adversely modify designated critical habitats for those species.”

There is one more endangered species, which the press release didn’t mention. This is the species that was until recently in danger of being totally wiped out by activist environmentalists, mining lawyers who defend mining entrepreneurs and defend them by swimming against the political currents of their own profession. This species of mining lawyers was until recently thought to consist of individuals beyond their reproductive years and so headed for extinction. The director of FCO to whom I spoke, who is himself a mining lawyer, told me that last year in Denver there was a mining lawyers’ defence bar conference at which it was noted that there were for the first time in perhaps a generation a substantial number of young lawyers.

Perhaps the U.S. Congress in its wisdom will see fit to add mining lawyers of the entrepreneurial defence bar to the list of species threatened by mindless predators who leap from the darkness with injunctions based on conspiracy theories and cult like attitudes of the evil of any environment other than that which only ever existed in their minds.

I note that the Lemhi Pass district has precious metals, cobalt, nickel, copper, rare earths and thorium. Perhaps the mining jobs and the wealth that will flow from there will make Idaho an even better place to live than it is now. At least it looks like one endangered species is already making a comeback there.

[pisa]

Antwort auf Beitrag Nr.: 34.294.111 von tommy-hl am 13.06.08 05:39:36

Hi Tommy,
guter Fund!


Enjoy,
Pisa

[tommy-hl]

Kobalt, das vergessene Metall ...

Cobalt - the forgotten metal ...
Disclosure: Author is currently long Formation Capital Corporation

http://www.stockhouse.com/community-news/2008/june/12/cobalt…

[tommy-hl]

Antwort auf Beitrag Nr.: 34.307.814 von pisa am 16.06.08 10:30:30

Hi Pisa,

es könnte evtl. bald der günstige Zeitpunkt zum Einstieg kommen?
Hast Du Infos (oder eine persönliche Einschätzung), wie lange es noch bis zur endgültigen Minen-Genehmigung dauern könnte?

Gruß
Tommy

PS: Antwort bitte per BM, da ich in diesem thread nur selten bin.

[pisa]

Antwort auf Beitrag Nr.: 34.309.718 von tommy-hl am 16.06.08 14:52:22

Hi Tommy,
nun ich gehe nach wie vor davon aus dass das ROD im Sommer kommt. Ergo ist jetzt der optimale Kaufzeitpunkt für risikobereite Leute die an Kobalt, Hybrid, kurz vor der Produktion stehenden Explorern etc .. glauben und nicht nur ein paar Prozentchen einfahren wollen...


Enjoy,
Pisa

[tommy-hl]

Jun 16, 2008
Formation Capital Corporation: Forest Service Record of Decision Signals Green Light For Idaho Cobalt Project

Auszug:

"The selected alternative, Alternative IV, will require Formation Capital Corporation to modify their proposed Plan of Operations," Wood said. "The modified Plan of Operations will clearly reflect additional requirements including posting of financial assurance for long term water quality management." Wood went on to explain that the Plan will also address terms and conditions from the Biological Opinions provided by the U.S. Fish and Wildlife Service and the National Marine Fisheries Service for management of endangered fishes and will also require the company to obtain a National Pollution Discharge Elimination System permit from the Environmental Protection Agency. These steps will be taken prior to approval of the modified Plan of Operations. Additionally, the Record of Decision requires the company to obtain administrative access and power line easements across adjacent private land prior to commencing ground-disturbing activities. Once Formation Capital Corporation complies with these additional requirements, the mining project may proceed.

Ganzer Artikel: http://www.marketwire.com/mw/release.do?id=869261

Anm: Die Auflagen der "Forstbehörde" erfordern zusätzliche Maßnahmen (Zeit, Kosten?), um die endgültige Genehmigung bekommen zu können. Gegen diese Auflagen können Umweltgruppen oder Einzelpersonen innerhalb von 45 Tagen Einspruch erheben.
Es sieht für mich so aus, als sei Formation hiermit einen wichtigen Schritt weitergekommen.

[pisa]

Antwort auf Beitrag Nr.: 34.313.326 von tommy-hl am 17.06.08 07:00:33

yep, ROD ist da. Ist ja auch schon Sommer

Die Auflagen müssen erfüllt werden, stellt sich aber nicht als Problem dar, dann können sie mit der Mine beginnen. Die 45 Tage Einspruchszeit klingt auc nich mehr fürchterlich lang.

Das kam meines Wissens nach Kanada Börsenschluss, haben wir in D also Zeitvorsprung.

Enjoy,
Pisa

[pisa]

Antwort auf Beitrag Nr.: 34.313.521 von pisa am 17.06.08 08:28:51

hab nochmal nachgeschaut. Offensichtlich sind sie 30 min vor Handelsende in Trading Halt gegangen, haben dann nach Börsenschluss die News bzgl. ROD rausgebracht.

Der Nebeneffekt ist, dass in D damit auch nicht gehandelt werden kann. Hätten sie doch ruhig noch die 30 min handeln lassen sollen


Na, wie dem auch sei, das Totalverlustrisiko (bei negativen ROD) ist somit fast ausgeschlossen oder zumindest drastischst reduziert.

Formation steht vor einer abrupten Neubewertung.

Ich erlaube mir einen klitzekleinen Freudenausbruch





Enjoy,
Pisa

[pisa]

SK 0,70 in Can. 4 mio stück umgegangen.

So, die nächsten Tage und Wochen sollten wir wieder dem 1 C$ zustreben und das alte ATH in Angriff nehmen.

Enjoy,
Pisa

[pisa]

Cobalt mine near Salmon approved

http://metalsplace.com/news/articles/20725/cobalt-mine-near-…

Enjoy,
Pisa

[pisa]

Rare metal prices soar on demand for more fuel-efficient jet engines

javascript:op("http://www.ft.com/cms/s/0/a299a7ea-3ccf-11dd…

[pisa]

Antwort auf Beitrag Nr.: 34.326.687 von pisa am 18.06.08 17:52:14

sry

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aG_uU…

jetzt richtiger Link

[pisa]

Forest Service OKs new cobalt mine west of Salmon

http://www.idahostatesman.com/business/story/418614.html


Enjoy,
Pisa

[pisa]

Antwort auf Beitrag Nr.: 34.314.310 von pisa am 17.06.08 10:22:17

nach all der Feierei bin ich mächtig verkatert und der Preis der Aktie offensichtlich auch

Hmm, nun haben wir die Genehmigung für den einzigen high purity cobalt produzenten mit uran kicker in Nordamerika und trotzdem ist der Zuwachs bescheiden

Was brauchsts denn noch?

Rätsel,
Pisa

[pisa]

Idaho Cobalt Project decision record signed


BY TODD ADAMS

The Idaho Cobalt Project cleared a significant hurdle this week with the Forest Service's signing of a Record of Decision that specifies a modified plan of operations for the proposed underground cobalt mine in the Panther Creek drainage northwest of Challis.
Formation Capital Corporation (FCC) President Bill Scales told The Challis Messenger Tuesday that this is a "major milestone" and his company hopes to begin construction on the mine and mill this fall, perhaps as early as the end of September.
"We're very pleased the Record of Decision has been signed," Scales said.

"This is possibly the most critical milestone the Company has reached regarding the Idaho Cobalt Project," said Formation Capital CEO Mari-Ann Green in a news release. She said that once Formation Capital incorporates the changes into its plan of operations, construction could begin on the mine and mill facilities, after years of permitting efforts.

Salmon-Challis National Forest Supervisor Bill Wood signed the decision this week and Forest Service officials expect it to be published in the Federal Register on June 27. That would start the clock ticking on a 45-day appeal period, plus another 45 days for the Forest Service to respond to any appeals.

Asked if the agency anticipates any appeals, Salmon-Cobalt District Ranger Kimberly Nelson said she's an optimist and hopes there are none or litigation, "but this is a pretty controversial project and I'm not going to hold my breath."

In 2007, three environmental groups ? the Idaho Conservation League, Boulder White Clouds Council and Earthworks ? submitted extensive comments about the draft Environmental Impact Statement (EIS) for the proposed cobalt mine. Ray Henderson, Salmon-Challis National Forest minerals specialist, said earlier this year that when such extensive comments are submitted, Forest Service officials often conclude that an appeal will follow, but the groups had not told the agency about specific plans to appeal.

The plan

Henderson noted this week that his agency is a month ahead of schedule on signing the Record of Decision, which he called a "pretty spectacular effort" for the federal agencies involved. The U.S. Fish and Wildlife Service and NOAA Fisheries have signed off on the Forest Service's plans to manage threatened fish species.

There are other hurdles the Idaho Cobalt Project still must clear before construction can begin, Henderson said.

The Environmental Protection Agency has yet to issue its own Record of Decision on a discharge permit for mine wastewater into Big Deer Creek. That permit must go through the same 90-day appeal process as the Forest Service's decision and be done prior to final Forest Service approval of the company's modified plan of operations.

In the plan, the Forest Service is requiring Formation Capital to obtain a road right of way and an easement for a power line across the privately owned Blackbird Mine property before the company starts construction.

Scales said his company hopes to sit down soon with the Blackbird Mine Site Group to negotiate an agreement.

This week's Forest Service decision also provides a way for the EPA and other agencies involved in the cleanup of the old, toxic Blackbird Mine site to make sure that Idaho Cobalt Project will not harm remediation efforts such as water treatment. The concern has been that a new cobalt mine would add heavy metals pollution to streams, delaying or halting efforts to clean water up to safe standards for restoring salmon and steelhead runs. Historic mining at the Blackbird Mine resulted in cobalt and copper pollution that killed off the steelhead and Chinook salmon runs.

Finally, Formation Capital must post a bond of about $44 million (plus or minus 20 percent) to ensure reclamation of its underground cobalt mine. Henderson said the exact bond amount wouldn't be set until all other hurdles are cleared.

The Idaho Cobalt project would consist of two underground mines, a mill, waste disposal site and associated facilities on Forest Service land near the old townsite of Cobalt. Between 111 and 324 acres would be disturbed on the surface. The property consists of 145 unpatented mining claims for a total of 2,524 acres of mineral rights.

Formation Capital hopes to employ 157 miners from the area during production, with a payroll of $9.5 million per year. Mine and mill construction is estimated to cost $50 million, employ 50 workers and take about a year.

http://www.challismessenger.com/index.php?accnum=story-24-20…

[pisa]

Da ich es gerade woanders gepostet hatte, hier nochmal die Standortbestimmung von FCO





Enjoy,
Pisa

[tommy-hl]

Jun 27, 2008
Formation Capital Corporation: In-Fill Drilling on Virgin River Uranium Project Confirms Continuity of Mineralization

http://www.marketwire.com/mw/release.do?id=873751

[pisa]

Antwort auf Beitrag Nr.: 34.389.816 von tommy-hl am 27.06.08 14:22:06

zwar 800m tief, aber die grades unglaublich

wahrscheinlich haben sie das startegische Atombombenarsenal agebohrt

Enjoy,
Pisa

[tommy-hl]

Antwort auf Beitrag Nr.: 34.340.056 von pisa am 20.06.08 12:05:25

Hi pisa,

President Bill Scales told ... and his company hopes to begin construction on the mine and mill this fall, perhaps as early as the end of September.

Gibt es Pläne, wie lange der Bau der Mine ab endgültiger Freigabe durch die Behörden bis zum Produktionsbeginn dauern wird? Ich schätze mal, das wird so um die 18 Monate dauern, könnte das in etwa richtig sein? Das wäre dann Produktionsstart = März 2010 ?

Gruß - Tommy

[pisa]

Antwort auf Beitrag Nr.: 34.396.922 von tommy-hl am 28.06.08 14:14:31

Hi Tommy,
ja, im Moment überrascht FCO auf der positiven Seite. Hatten alle noch gedacht das der ROD doch später kommt.. aber er kam pünktlich..
Sieht also tatsächlich so aus dass sie September starten wobei ja trotzdem unter Volldampf gearbeitet wird. Bin ich also optimistisch dass sie schon Q4/09 online sind aber Dein Q1/10 mag auch hinkommen. Ist aber eh nicht sooo wichtig. Der Aktienpreis wird sich stetig nach oben bewegen mit dem Projektfortschritten.

Aus der aktuellen company presento
http://www.formcap.com/ppt_jun2608/slide1.htm

mal ein paar aussagekräftige slides zum Projektstand und zum Potential






Enjoy,
Pisa

[pisa]

http://www.kitco.com/ind/reinhard/jun232008.html

Cobalt's Future Driving Ahead with Hybrid Cars
By Richard Reinhard
Jun 23 2008 4:52PM
www.growthstocksweekly.com

High gas prices are moving the number hybrid cars sold into overdrive. And that is helping cobalt prices stay higher longer than anyone thought.
Look at this recent news headline from the Chicago Tribune:
"Battery-powered car race is on: Despite current cost and safety concerns, automakers see plug-ins and hybrids as remedy to future $5-a-gallon gasoline”

The article quoted a Ford Motors release, stating that it expects U.S. hybrid sales to reach 500,000 units this year, about 3 percent of the market, and to triple to 10 percent in a few years if gas reaches $5 a gallon and stays there.

Cobalt is a key ingredient in hybrid car batteries – and one of the reasons the price for cobalt has jumped from $25 to $50 per pound this year. There are anywhere from 5 to 18 pounds of cobalt in every hybrid car battery.

That’s a lot of new annual demand for cobalt. If the market did triple to 1.5 million units, even at 10 pounds cobalt per car, that makes 15 million new pounds of cobalt needed annually – a huge increase in a small 60,000 ton per year (120 million lbs) market.

Toyota just announced they sold their one-millionth hybrid, and are looking to sell one million per year over the next decade. They can’t keep them on the dealer lots. The following excerpt comes from a June 2008 story at www.hybridcars.com:

"A year ago, our [vehicle] supplies were at record levels in Prius," Bob Carter, head of Toyota’s U.S. operations told the trade journal Automotive News. "Now we're in catch-up mode." Toyota can’t ramp up battery production fast enough to build enough Prius vehicles to meet demand, Carter said. Waiting lists for Prius are growing to six months and longer. "We're pushing for every bit of production we can get," Carter said. "We're working very closely with our suppliers to increase that capacity."

The burgeoning hybrid industry is going to create a supply/demand impact in an already tight cobalt market. SFP Research out of the UK forecasts growth in cobalt demand for hybrid vehicles from well under 1000 tons (2 million lbs) in 2005 to over 9000 tons (18 million pounds) by 2015.

“Cobalt production has tripled in the last 12 years from 20,000mt per annum in 1995 to nearly 60,000mt per annum in 2007. Production will have to increase by another 25% just to keep in equilibrium with the above forecast hybrid demand and the natural growth in existing uses” concluded an article in Resource Investor.

Because cobalt holds an electric charge better than almost any other metal, it is hard to replace – even at $50 per pound. And the current electric batteries work so well – being re-charged as they drive – there is little incentive to change their structure (and other metal prices have skyrocketed as well as cobalt – nothing is cheap anymore).

Many of the consumer electronics we use today are also powered by cobalt-laced batteries. That market has leaped exponentially in the last decade with the proliferation of things like cell phones and iPods – also creating competition for the automakers on the cobalt demand side.

The cobalt price is now roughly $45/lb, depending on where in the world you buy it. Looking back on 2006 and 2007 research reports from major brokerage firms in Europe and North America – none had forecast the $50 cobalt prices we saw earlier this year.

With +$4 gas, hybrid car demand is likely to continue to drive cobalt prices higher.

Your Source for High-Potential Early-Stage Growth Stocks Since 1995

Richard Reinhard

[pisa]

Interessanter Beitrag (stockhouse)

---
Take a few steps backwards concerning your due-diligence on FCO, and understand why this company is the best small cap next takeover target in the mine industry.

The North America's only high purity cobalt metal producer for the super alloy sector and located within the world's largest cobalt consuming nation.
(FCO-TSX) is a well established, Toronto Stock Exchange listed, a fully integrated mineral exploration, development and refining company, FCO has the largest and highest-grade primary cobalt deposit in the world, and a 100% interest in the Big Creek Hydrometallurgical complex, both located in Idaho.

This premium product is in short supply. Formation Capital's ICP is one of only a few projects in the world that can provide this premium priced metal.

Most acquisitions are made for the significant reserves.
The significant reserves and resources that are the basis of Formation's bankable feasibility study constitute only one of 20 known mineralized zones (16 of which have yet to see any systematic exploration). The big picture:It cannot be overemphasized that the potential to dramatically increase the project's known reserves and resources is considered excellent with a district potential to host up to 50 million tons of high-grade ore (0.60% 300,000ton Co or 661,000,000 lbs Co).


The adjacent past producing property (Blackbird Mining Property) currently hosts a resource of 3.0 million tons ( 18,000 ton Co or 40,000,000lbs Co), having a similar grade to the ICP. An opportunistic acquisition of the property from the current owners (Alcan/RTZ and Falconbridge/Xstrata) would provide further expansion possibilities.

With the ROD in hand, the final permitting for the ICP is now expected during Q3/2008. North America's only high pure cobalt development company.

This scenario promises to offer patient investors a very handsome pay-day, especially since Formation's share price is still considerably undervalued. Of course, this will not remain the case for much longer.

There are many additional compelling reasons to believe this currently-under-$1 stock could be trading as high as CAD$5 in a few months.

FCO is in just the right place at exactly the right time. It's perfectly positioned to profit from the on-going Cobalt shortage.



Jabecque

---


Enjoy,
Pisa

[pisa]

http://www.grandich.com/docs/alert_07-09-08.pdf

Seite 11, Kommentar eines mit IR beauftragten und bezahlten Amerikaners

Enjoy,
Pisa

[pisa]

Dear Shareholder/Interested Party,

Below you will find an excerpt From the Grandich Letter Special Alert dated July 09, 2008, that provides an update on Formation Capital Corporation. Grandich Publications is compensated by Formation Capital Corporation, the details of which are available in the disclosure section of the newsletter, a complete copy of which is available by clicking on the link below:

Click here for complete Grandich Letter, Special Alert July 09, 2008

Formation Capital (FCO-TSE) - The Record of Decision (ROD) on the company's 100%- owned Idaho Cobalt Project came in, surprisingly, earlier than predicted. The ROD is essentially considered the mine permit, and now it is just a matter of time before the final construction go-ahead is given, expected sometime later this summer. This primary cobalt mine, along with their hydrometallurgical complex in northern Idaho, will make Formation Capital the Western Hemisphere's sole producer of high purity cobalt metal, suitable for critical applications in the super alloy sector - used in jet engines for example -- a commodity in great demand that currently trades around US $42/lb.
Along with the ROD, a final Environmental Impact Statement (EIS) was issued. This is what shareholders have been waiting years for. Unfortunately, this monumental news was released in very unstable markets. On the day of the announcement, June 16, the company halted the stock at 66 cents. The next day it rallied up to 78 cents on over 4 million shares of volume, only to close at its opening price of 70 cents---a disappointing share performance and an indication of turbulent equity markets. Management has informed me that some shareholders were obviously confused with Stockwatch's very misleading headline, especially on a halted stock, taking the company's headline from "Forest Service Record of Decision Signals Green Light for Idaho Cobalt Project" to "Formation Capital must modify Idaho Plan of Operations". That is what the ROD is all about, advising the company of the tweaks it needs to make to its mine plan before they can start construction. No surprises there. This was extremely good news.
Since that time I have been informed by management that the ROD and the final EIS have been receipted in the Federal Register and that on July 3, a notice was placed in the local newspaper of record, kicking off the 45-day appeal process. This is not a judicial appeal process, but rather is an administrative process where appeals, if any, are sent to the Appeal Deciding Officer of the Forest Service, the lead Agency in this permitting process, which would then review the Record of Decision and supporting documents to ensure proper process and procedures were used in accordance with the National Environmental Policy Act. The company is not aware of any other appeal of a ROD for mine permit that resulted in a reversal of the decision. In a best case scenario, if there are no appeals, it is possible Formation Capital could commence mine construction later this summer, assuming mine financing and an appropriate bond are in place. If there are appeals, an additional 45 days is allotted for the appeal resolution process. This would bring a possible construction start-up date into the fall, leaving the company with a smaller window to get key construction milestones out of the way before the snow flies which could result in delays or additional costs.
Either way, it is evident that Management is getting prepared for construction, be it sooner or later. The company is actively engaged in mine finance talks with potential financiers. Mine capitalization expenditures plus an appropriate bond, as well as administrative costs, are expected to come in around US $160 million. The company expects to raise the bulk of the funds through an instrument of debt, with a lesser form of associated equity. In my last Newsletter dated May 14, 2008, I commented that the company recently received permits from local city officials regarding development of property that will be used as a personnel and materials transfer site for the mine. Since then, that site has been filling up with mine equipment that continues to arrive. In addition, detailed design, engineering and procurement for the facilities at the mine site were reported by the Company to be over "three quarters complete" based on an update they have from their Construction Management Consultants.
On a side note, the Company recently announced that it had intersected the highest "grade thickness" to date on it Virgin River uranium joint ventured with Cameco and Areva located in the Athabasca Basin of Northern Saskatchewan. An impressive 7.62% U3O8 was intersected over a true width of 17.8 meters (58.4 feet). Of note is that Cameco, the project operator, has commenced "in-fill" drilling, a sign that they are now looking to confirm continuity of the deposit, a precursor to defining preliminary economic parameters -- a good sign from a major that they are serious about this property where they have spent over CDN $14 million to date. Drilling continues and more results are expected over the course of the summer. If successful drilling and further development continues, this project could turn out to be a very beneficial "side note" for Formation's shareholders.
If Formation remains capable of meeting its goals, as it has over the past few months, this summer should prove to be a long-awaited one for management and shareholders. Any positive movement in the markets should be reflected in this company that has made significant advancements in its assets and reduced risk for its shareholders and potential mine financiers.
-END-

[tommy-hl]

Formation Capital Hires Key Personnel to Help Expedite Cobalt Project Engineering Procurement and Construction

http://www.marketwire.com/press-release/Formation-Capital-Co…

[Fruehrentner]

Ich glaub, bei diesem Wert tut sich in den nächsten Wochen/Monaten einiges bzw. ENTSCHEIDENDES!

Kann man den Wert an deutschen Börsen "vernünftig" ordern?

[pisa]

Antwort auf Beitrag Nr.: 34.480.068 von Fruehrentner am 10.07.08 14:53:37

also der Makler stellt eigentlich immer Kurse mit size in Frankfurt.
Klar aus dem ask wirst Du immer bedient aber zwischen dem Spread sollte auch gehen.

Enjoy,
Pisa

[tommy-hl]

Antwort auf Beitrag Nr.: 34.480.068 von Fruehrentner am 10.07.08 14:53:37

Hallo,

der spread ist in DE höher, dafür sparst Du die Auslandskosten (von Bank zu Bank unterschiedlich).

Im September sollte die endgültige Entscheidung für die Genehmigung fallen, oder gibt es noch etwas anderes, was berücksichtigt werden muss?

Soweit ich mich erinnere, sind die Daten aus der Machbarkeitsstudie für Opex/Capex aus dem Jahre 2007, richtig? Durch den Dollarverfall und durch die gestiegenen Kosten werden die Werte bis zum Produktionsbeginn 2010 wohl deutlich höher ausfallen. Gibt es hierfür evtl. neuere Daten?

Gruß @ all
Tommy

[tommy-hl]

Antwort auf Beitrag Nr.: 34.482.449 von tommy-hl am 10.07.08 18:30:22

Noch eine Frage:

Habe ich das richtig in Erinnerung, dass pro Jahr ca. 3 Mio. Pfund Kobalt produziert werden sollen?

Danke - Tommy

[pisa]

Antwort auf Beitrag Nr.: 34.482.558 von tommy-hl am 10.07.08 18:42:40

yo 1500 t/year

[pisa]

Antwort auf Beitrag Nr.: 34.482.449 von tommy-hl am 10.07.08 18:30:22

Hi tommy, sie haben ja die schöne Tabelle mit den verschiedenen Cobalt Preisen. Wahrscheinlich sind die Kosten jetzt höher, da es eine hochgradigge underground mine mit minimalem footprint dürfte es aber nicht so schwerwiegend sein wie bei den bulk operations mit den Riesenlastern, langen Wegen und entsprechendem Dieselverbrauch.

Also anhand der Tabelle kann man ja mal bisschen rumspielen. Sollten die jetztigen Cobaltpreise auch nur annähernd Bestand haben (und ich gehe sogar von weiter steigenden preisen aus wie du weisst), dann ist das eine hochprofitable Produktion.


Enjoy,
Pisa

[vindulce]

Antwort auf Beitrag Nr.: 34.487.782 von pisa am 11.07.08 12:42:24

Kennt von euch jemand "den" Kobaltexplorer aus Kamerun ?
Soll so um die 0,8 € notieren.

[pisa]

Antwort auf Beitrag Nr.: 34.496.945 von vindulce am 13.07.08 13:21:05

klar geovic. Grosses deposit, gute ökonomische Parameter bis jetzt, Länderrisiko relativ hoch, viel coverage auch in D, Finanzierung nicht einfach und mehrere Jahre bis zur Produktion.

Sicher sehr interessanter Explorer wenn man mehrere Jahre Zeit hat.

Enjoy,
Pisa

[tommy-hl]

July 23, 2008
Formation Capital Focuses On Getting Approval
By Rob Davies
When people talk about the length of time it takes to find, develop and exploit a mine it is usually assumed that is because of technical issues. The fact that is not the case is demonstrated by the story of the Idaho Cobalt Project owned by Formation Capital. Mari-Ann Green, chairman and chief executive Officer of Formation Capital, explained in great length to Minews the steps that need to be taken to get permission to dig a hole in America these days. The company bought the property in 2002 and, depending on how things go over the rest of the year, production won’t start until early 2010.

That delay is not because of problems building the mine or altering the process plant. It is all to do with making sure everyone is happy; the public, the government and all the regulatory authorities. On June 16th the company was issued with a record of decision on the project by the Forest Service which Mari-Ann Green says is the “most critical milestone the company has reached on the Idaho Cobalt Project”. The public has the right to appeal within 45 days then, all being well, it will be full steam ahead with mine construction.

Before that though there is the matter of raising the US$138.7million needed to build the mine, modify the plant and put funds into the required environmental bond. Mari-Ann Green expects to be on road show very soon to raise those funds which are likely to be in the form of a high yield note with warrants. Slightly more than half the money will be needed to develop the underground mine and the remainder will be spent on upgrading the refining plant to make the highest purity cobalt possible.

Most cobalt is sold at a grade of 99.3% with some sold at 99.8%. However, the process plant at Big Creek will be modified to produce High Purity Cobalt at 99.9% which is the highest purity possible and is only supplied by two other sites in the world and is used as super-alloy in critical applications. It is the total integration from mine to HPC cobalt production that makes Formation Capital unique as it will be the only pure cobalt company in the world that will own the whole process. It is also the only one mining cobalt, a strategic metal, in the States.

The deposit was found by the company itself and it now has a measured and indicated resource of 2.65 million tons at a grade of 0.628% cobalt that gives it a mine life of 10 years. A further 1.12 million tons at a grade of 0.585% Co in inferred resource could add another four years to that life. The mine itself will be a small underground operation that will extract 800 tons a day to make 32 tonnes of concentrate on site.

That material will then be trucked 200 miles up to the Big Creek Hydrometallurgical facility for refining in the autoclave to the make the HPC cobalt that is so much in demand. Mari-Ann Green was unable to specify how much more HPC cobalt sells for relative to standard grade cobalt, but it is evidently worth the US$40million of direct costs to upgrade the back end facility.

This plant was bought fully permitted and has been operating as a silver refiner while the company has waited to get permission to build the mine. Now that is getting close the economic attractions of producing something as rare and valuable as cobalt is becoming more obvious. At US$22/lb for cobalt the company is projected to have an annual operating cash flow of US$34million. But at cobalt prices of US$47/lb, not far from where they are now, that rises to US$99million a year.

All the company needs now is an offtake agreement. Mari-Ann Green says she has received many approaches in the past but has not committed to one yet. And with traders talking of cobalt prices going to US$150/lb why should she?
source: minesite.com

[tommy-hl]

Jul 25, 2008
Formation's Idaho Cobalt Project's Record of Decision Outlines Measures to Enhance Environmental Stewardship

Formation Capital Corporation is pleased to announce that its wholly owned subsidiary, Formation Capital Corporation, U.S. (the "Company") is in receipt of the final Environmental Impact Statement (EIS) and Record of Decision (ROD) for its 100% owned Idaho Cobalt Project (the ICP). Formation's news release dated June 16, 2008 stated the Company had received a news release that had been issued by the United States Department of Agriculture Salmon Challis National Forest (the "Forest Service") stating a Record of Decision has been issued for the ICP, but at that time the Company had not seen the documents.

The Company has now completed its initial review of the EIS and ROD. Bill Scales, President of Formation Capital Corporation U.S., commenting from his office in Salmon, Idaho stated: "It is important to understand the significance of what these documents really mean. The ROD is the document that outlines the parameters under which the Company can develop and mine the ICP. There is still the appeal process to complete but the government agencies have made their decision. They have said, in so many words, that with certain modifications to its mine plan and under certain terms and conditions the Company will be allowed to develop and mine the ICP. The modifications are not a surprise to us and were already outlined, for the most part, in the draft EIS. The terms and conditions would normally be applicable to any similar project undertaken on Forest Service ground. I commend the agencies for a job well done."

The Forest Service's modifications to the proposed Mine Plan of Operations include changes to the water treatment system, the tailings waste rock storage facility (TWSF), the waste rock left underground and road maintenance and reclamation. They require the use of a water treatment system that minimizes the need for the disposal of water treatment waste residues, rather than a reverse osmosis water treatment method as proposed in the Company's Mine Plan. They require that the waste rock and tailings be co-mingled in the TWSF to reduce the oxidation rate of the higher permeability waste rock rather than segregated as was initially proposed. They require a minimum of 3 feet of soil cover and 1 foot of growth media on the TWSF to protect the liner from damage from trees growing rather than the 2 feet of soil cover and 1 foot of growth media as was initially proposed. Regarding the waste rock that is left underground, the Forest Service requires an amendment to the mine plan that will provide additional alkalinity to reduce the potential for metals leaching. Regarding road maintenance, they require the Company to commit to completing and maintaining additional access road improvements to the entire project access route to reduce sediment. In addition they require the Company to reclaim approximately 7.5 miles of site roads not presently being used.

The terms and conditions require the Company to use the best environmental management practices available, use the best available health and safety practices, have in place various plans, such as a reclamation plan with a bond, conduct various studies and monitoring programs to verify that mitigation measures are effective, and have in place policies and procedures consistent with Forest Service guidelines. "These are things that the Company would do as a general practice and we are pleased that the Forest Service has clearly set out what is expected," commented Guy Jeske, General Manager of the ICP. "We have always intended to operate in such a fashion," he continued.

The notice recording the issuance of the EIS and ROD appeared in the Federal Register June 27, 2008 and notice for commencement of the administrative Appeal Period appeared in the Recorder Herald newspaper of Salmon, Idaho on July 03, 2008. The appeal period runs for 45 days from July 03, 2008 and only individuals or organizations who submitted comments or otherwise expressed interest in the project during the public comment period last year may appeal. Appeals must be made to the Regional Forester of the Intermountain Region, US Forest Service and are not made to the courts. The Regional Forester is required to review the appeals, if any, and determine whether the ROD has been issued in accordance with the National Environmental Policy Act and United States Department of Agriculture's regulations and guidelines. The Regional Forester has a maximum of 45 days to complete his review.

Upon completion of the administrative appeal process, the submittal by the Company of the revised and accepted Mine Plan of Operations, the posting of a bond and the receipt of a water discharge permit (NPDES permit), the Forest Service will approve the Mine Plan and the Company will be permitted to begin construction.

"This is an exciting time for the Company. Now that we have reviewed the ROD we are moving forward with the modifications to the Mine Plan to allow for the development of the ICP," commented Mari-Ann Green, CEO of Formation Capital Corporation. "As we have always firmly believed, a sustainable, responsible mine plan can be designed without compromise to the environment. The Forest Service's decision is a testament to that accomplishment."

Once in production, Formation's Idaho Cobalt Project will provide the United States with high purity super alloy grade cobalt metal required for critical applications such as the construction of jet airplane engines, land based turbines, catalysts for gas to liquid technology, and batteries used in hybrid and electric cars.

Formation Capital Corporation is dedicated to the principles of environmentally sound mining and refining practices, and believes that environmental stewardship and mining can co-exist. The Company trades on the Toronto Stock Exchange under the symbol FCO.

Formation Capital Corporation
Mari-Ann Green, C.E.O.

[tommy-hl]

July 28, 2008
Cobalt Typifies The Bull Market
By Rob Davies

Cobalt is one of those metals that everyone is familiar with in a vague sort of way. Most are dimly aware that is probably used in high technology applications, but would struggle to name a primary cobalt mine or producer.

And as for so many speciality metals, the cobalt market is actually quite a small market. Metals consultancy CRU estimates that the total market in 2007 was for only 60,000 tonnes.

But that demand is surprisingly widespread. One third of consumption goes into what is deemed environmental applications, such as solar panels and fuel cells. A bit more, about 36 per cent, is used for industrial applications such as drill bits and ball bearings.

Surprisingly turbine blades and jet engines only accounts for 22 per cent of cobalt use. The remaining nine per cent is consumed in the electronics industry in things such as hard drives, memory chips and cell phones. That is a pretty widespread range of uses in what can loosely be called technological applications. Beyond that, cobalt is being tested for use in products such as lithium ion batteries and hydrogen storage systems. If the world is going to continue increasing its use of technology then it is hard not to believe that cobalt has a big future ahead of it.

That’s why consumption of this metal is expected to rise to 75,000 tonnes by 2010 and to 100,000 tonnes by 2012. In mining terms those dates are not very far away.

So who will supply this metal? Formation Capital is building an integrated mine and processing facility in Idaho with a total contained cobalt resource of 13 million pounds or nearly 6,000 tonnes. Formation clearly hopes to be part of the equation.

Right now supply comes from a variety of sources, mostly as by-product of nickel and copper mining, though there is one primary mine in Morocco and one in the US. Much will come out of the Congolese copperbelt, mostly as by-product.

But the Cobalt Development Institute, a not-for-profit industry body designed to promote cobalt, estimates that these various sources generated about 53,000 tonnes of refined cobalt in 2007. That leaves a pretty big gap between what is currently produced and what will be needed in two years time.

Not only will be the demand for cobalt be rising sharply, but the demand for the highest level of purity, 99.999%, is forecast to rise even more rapidly. Only about 5,500 tonnes of out of total cobalt metal production of about 23,000 tonnes is suitable for critical superalloy applications. It’s estimated that the industry needs to provide another 1,000 tonnes a year of high purity cobalt to match demand.

Only two companies today provide this high quality material, Vale and Xstrata, the new owners of the two Canadian nickel miners Inco and LionOre. More supply will be provided as by-products from new mines in places like the Democratic Republic of Congo. But there is substantial risk to these, especially in terms of timing. Although US$40 a pound might look expensive now, if these projections are right, then US$40 could look like a bargain in a few years time.

There may be some speculation in some precious and base metals, but cobalt is so specialised that it would be difficult for traders to build up a large position in this metal. This fundamental situation suggests that, despite what some pundits are saying, the end of the commodity boom for this metal is not in sight just yet.
source: minesite.com

[scout]

Mal was Erfreuliches:

Vancouver, B.C., August 14, 2008 - Formation Capital Corporation ("Formation", FCO-TSX,) is pleased to announce that its wholly owned subsidiary, Formation Capital Corporation, U.S. (the "Company") and the Idaho Conversation League, have entered into a Memorandum of Understanding which will outline a series of initiatives to enhance the environment in the upper Salmon River watershed. The Company's Idaho Cobalt Project (ICP) is located in the basin. As such, the Idaho Conservation League, Idaho's largest membership private non-profit conservation organization, is not challenging the Forest Service Record of Decision or the Environmental Impact Statement for the ICP. Details of the Memorandum of Understanding will be disseminated in a news release in conjunction with a press conference to be held in Boise, ID, on Monday morning, August 18, 2008.
Formation Capital Corporation is dedicated to the principles of environmentally sound mining and refining practices, and believes that environmental stewardship and mining can co-exist. The Company trades on the Toronto Stock Exchange under the symbol FCO.

Formation Capital Corporation

"Mari-Ann Green"

Mari-Ann Green, C.E.O.


Scout

[pisa]

Antwort auf Beitrag Nr.: 34.727.722 von scout am 14.08.08 15:16:42

grad aus dem Urlaub zurück...

sieht also aus als ob es keine Einsrüche gibt?

Grüsse,
pisa

[scout]

Antwort auf Beitrag Nr.: 34.731.039 von pisa am 14.08.08 20:54:42

Hallo Pisa,
ich habe mich schon gewundert, daß von Dir in letzter Zeit nichts kam. Hoffe, der Urlaub war erholsam. Ich war heuer im Mai relativ nah an Idaho (ich war in South Dakota); vor 4 Jahren war ich auch in Idaho, da wußte ich allerdings noch nichts von FCO.
Nun, FCO wird ganz sicher alle Genehmigungsprobleme überwinden und durchziehen, davon bin ich schon lange überzeugt. Aber es ist wirklich zum kotzen, daß diese Prozedur so unendlich lange brauchte, und gerade jetzt, wenn Licht am Horizont ist, fällt der Kobaltpreis, also heißt es wieder warten, warten, warten...
Scout

[pisa]

Antwort auf Beitrag Nr.: 34.731.707 von scout am 14.08.08 22:15:12

Hoffe, der Urlaub war erholsam.

oh jaaa seehhhr
Habe aber auch gesehen das viele auf Ihrem Geld sitzen als obs morgen keins mehr gibt

Die Einbrüche beim Preis sind übertrieben. Ne Menge Leute sind mit Geld unterwegs, das Ihnen nicht gehört. Am Ende zählt die supply/demand balance. Cobalt kommt zurück und wieder über 50...

Also wenn wirklich keine Einsprüche innerhalb der 45 Tage kommen, dann siehts super aus...

Enjoy,
Pisa

[pisa]

4 appeals sind eingegangen... also warten..
---------

Cobalt rallies 15 percent from Friday as consumers scramble for metal
By Martin Hayes - Chief Correspondent, [e-mail] ([phone])

Email this page to a friend - Printer friendly version
London, 26 August 2008 - Cobalt prices rallied viciously in Europe on Tuesday, jumping some 20 percent from what had been one-year lows set last Friday, as tardy consumers scrambled to buy metal now that the market has turned.

Producer BHP Billiton highlighted this sharp about-turn in the cobalt market, raising its offer price for high-grade cobalt by some eight percent after a flurry of sales on Monday, when UK participants were absent from the market.

On the free-market, high grade 99.80 percent jumped to $27.00/30.00 a pound, up $3.50, or 15 percent, from the Friday low-point. Russian 99.30 percent was at $25.00/28.00, a $2.00, or nine percent, increase.

"What happened is that one or two consumers thought the market was about to turn, so they bought ahead of that. We have had a lot of enquiries since, and, without doubt, a few have missed the boat when it comes to low prices," a trader said.

Others said that when cobalt reverses direction, consumers tend to panic, having existed in a comfort-zone of buying hand-to-mouth in a falling market. This will then accelerate the trend reversal -- an identical move was seen 12 months ago, which kick-started cobalt's price rise to 30-year highs in May.

"What we see is when it (direction) changes, the moves in the first few days are quite extreme," the trader added.

BHP Billiton was the highly-visible catalyst for the explosive rally, raising its offer price 16 percent for five tonnes of 99.80 percent metal to $33.00, up $4.50 from Friday's final offer level. Today, it made two five-tonne sales at $30.75 and $31.50 respectively. On Monday, it made four sales, each of five tonnes, at prices ranging from $28.50 to $29.75.

The reversal in the cobalt market has been savage, as prices had drifted constantly over the summer months. On Friday morning, BHP Billiton sold metal as cheap as a one-year low of $24.50 a pound, but it has now sold well in excess of 80 tonnes in the price revival.

It usually looks to sell 80 to 100 tonnes of by-product cobalt each month from its Australian nickel operations.

The other factor behind the price jump was China's Jinchuan stepping back from the market as well -- over the summer it had been an aggressive seller of 99.80 percent metal, and last week had an offer price of $23.50 posted on its website.

However, traders reported on Tuesday that the producer was no longer offering export metal, citing strong domestic demand.

Cobalt seems set for to embark on a roller-coaster rise, as is typical of this metal. It started 2008 on a strong note, moving above $50 a pound to 30-year highs in early-May -- the market stalled then just under the all-time peak of $53.25 set in 1978, and then fell some 54 percent over the summer.

"The bottom has been reached, it is fair to say, but we need to let the dust settle, and that may be another week -- after (US) Labour Day next Monday," another trader said.

The final period of the year, when activity picks up in cobalt's end-use sectors -- super-alloys, gas-to-liquid catalysts and batteries -- will be crucial. Buying also takes place for first-half 2009 deals, and there is pent-up demand building up, traders said.
MinorMetals.com

[pisa]

Cobalt price rises again, producers not offering under $30 a pound
By Martin Hayes - Chief Correspondent, [e-mail] ([phone])

Email this page to a friend - Printer friendly version
London, 27 August 2008 - Cobalt's explosive rally from last week''s one-year lows was maintained on Wednesday, with prices edging higher again as producers around the world raised their offer prices above $30 a pound.

This is in stark contrast to last week, when the market was languishing below $30 a pound and BHP Billiton and China's Jinchuan were freely offering at levels of $24.50 and $23.50 respectively.

"No producer is offering below $30 now -- Jinchuan is indicating only at $32.50," a trader said.

On the free-market, high grade 99.80 percent was quoted at $28.00/32.00, now up 19 percent from the Friday low-point of $23.50. Russian 99.30 percent was at $27.00/30.00, a 17 percent increase from its floor of $23.00.

Producer BHP Billiton has been behind the sharp about-turn in the cobalt market, raising its offer price for high-grade cobalt by some eight percent after a flurry of sales amounting to some 100 tonnes over the weekend and on Monday, when UK participants were absent from the market. Its offer price for five tonnes of 99.80 percent metal is $33.00 -- it traded as low as $24.50 on Friday.

The reversal in the cobalt market has been savage, as prices had drifted constantly over the summer months.

"Hell hath no fury like the cobalt market when it turns around. We saw this last year and at the same time as well -- the holiday weekend," the trader said.

Cobalt seems set for to embark on a roller-coaster rise, as is typical of this metal. It started 2008 on a strong note, moving above $50 a pound to 30-year highs in early-May -- the market stalled then just under the all-time peak of $53.25 set in 1978, and then fell some 54 percent over the summer.

"We have not even reached the peak period for long-term contracts yet, and many consumers have missed the boat," he added.

[scout]

Antwort auf Beitrag Nr.: 34.883.365 von pisa am 27.08.08 21:11:05

Ob es was hilft?
Cobalt stieg heute zwar weiter im Preis, aber der Baubeginn der Mine wird wohl nicht mehr heuer erfolgen. Und wie der Preis von Cobalt in einem Jahr ist, weiß wohl niemand genau. Das dürfte leider weiter dämpfend auf den Aktienpreis wirken, wiewohl er mit steigenden Cobaltpreisen wohl nicht mehr weiter fallen dürfte.
Auch charttechnisch ist die Situation nicht schlecht. 3-fach Tief scheint sich als Boden abzuzeichnen (Dez. 2007, Apr. 2008 und Aug. 2008). Allerdings war mein Anlageziel ein Kurs von Can$ 2,50 noch für heuer, da sind wir meilenweit entfernt. Leider.
Scout

[pisa]

Antwort auf Beitrag Nr.: 34.893.181 von scout am 28.08.08 15:51:51

hilft schon. Aber der entscheidende Faktor ist die letzte Unsicherheit der Genehmigung IMHO. Viele Juniors sind schwerst unter Druck , da hält sich FCO noch ganz gut da die Wahrscheinlichkeit der endgültigen Genehmigung und der baldigen Produktionsaufnahme übers Jahr zugenommen hat.



Enjoy,
Pisa

[pisa]

nix für Schwachen Nerven die Kapriolen des Kobaltpreises, wenn das so weiterget sind wir in zwei Wochen auf neuem ath

BHP Billiton sells high grade cobalt at $33.00/lb, ups offer price to $34.00

London, 29 August 2008 - Producer BHP Billiton reported a fresh sale of high grade cobalt on Friday at firmer price levels, as the market continued its stunning recovery from one-year lows hit a week ago.

The producer sold five tonnes of 99.80 percent cobalt at $33.00 a pound in North America, and it now offering a further five tonnes at $34.00, up $1.00 from its previous offer.

Since the sale at $24.50 last Friday, the market's low-point, BHP Billiton has achieved a 35 percent increase in its transacted price, selling in excess of 100 tonnes of by-product metal during that time.

The spot market has also risen -- high grade is quoted at $30.00/33.00, while 99.30 percent is $28.00/31.00 now.

Cobalt is now well into a roller-coaster pattern, as is typical of this metal. It started 2008 on a strong note, moving above $50 a pound to 30-year highs in early-May -- the market stalled then just under the all-time peak of $53.25 set in 1978, and then fell some 54 percent over the summer to bottom out at $24.50 last week.

[pisa]

hmmmmm


interessant

keine news

alles rot


nur Formation heute 5% im Plus.

Was sagt mir das? Es kommt was in Kürze, was Schönes

Enjoy,
Pisa

[pisa]

Antwort auf Beitrag Nr.: 34.986.037 von pisa am 04.09.08 21:24:30

Kobalt aggressiv steigend...
Vermute ist der Hybrid demand der Batterien, das wird noch ein Spass die nächsten zwei Jahre

BHP sells cobalt up to $35.25, lifts offer price to $36.25

London, 04 September 2008 - Producer BHP Billiton made further sales of high grade cobalt on Thursday at higher prices, maintaining the recent trend, as the market sustained a strong bounce from mid-August one year lows.

The producer sold two five-tonne clips of 99.80 percent cobalt at $34.50 and $35.25 a pound in North America, and is now offering a further five tonnes at $36.25, up $2.25 from its previous offer.

Since a floor sale of $24.50 in mid-August, the market's low-point, BHP Billiton has achieved a 44 percent increase in its transacted price.

The spot market has also risen -- high grade is quoted at $35.00/37.00, while 99.30 percent is $34.00/36.00 now.

Cobalt is now well into a roller-coaster pattern, as is typical of this metal. It started 2008 on a strong note, moving above $50 a pound to 30-year highs in early-May -- the market stalled then just under the all-time peak of $53.25 set in 1978, and then fell some 54 percent over the summer to bottom out at $24.50.

[pisa]

fco crashed an der tsx. Entweder unerwartet Genehmigung verweigert in letzter sekunde oder zwangsverkäufe von irgendeinem Finanzsuperhelden...

[pisa]

Antwort auf Beitrag Nr.: 35.119.036 von pisa am 15.09.08 21:26:31

http://www.kitco.com/pr/1664/article_09152008154704.pdf

wohl doch die Superhelden.. wurde aber sowieso wieder aufgefangen..


Enjoy,
Pisa

[tgfn]

@pisa,

sorry, schnorr sonst nicht so nach infos, aber hast du gerade den cash-stand von formation zur hand.
deweiteren hast du noch ne ahnung, warum die gerade so weit unter pari notieren?

[pisa]

Antwort auf Beitrag Nr.: 35.151.911 von tgfn am 17.09.08 17:18:56

Hi tgfn,
cash war ~18 mio wieviel nun noch da ist weiss ich auch nicht. 165 mio werden sie brauchen für die mine jedoch meiste wird nicht über Aktienausgabe bewerkstelligt.


Enjoy,
Pisa

[tgfn]

Antwort auf Beitrag Nr.: 35.153.804 von pisa am 17.09.08 18:50:51

danke,
ein paar hab ich jetzt auch. ist ja alles so schön bunt hier, kann mich gar nicht entscheiden bei den völlig ausgebombten explorern.

[pisa]

Antwort auf Beitrag Nr.: 35.173.253 von tgfn am 18.09.08 18:59:01

[tgfn]

ganz schön unter pari. klappt leider nicht mehr, die letzten stücke hab ich noch fast zum geldkurs bekommen, in toronto war der kurs 10%höher .jetzt will mir keiner mehr was verkaufen. oder erzähl ich hier was, was unter uns bleiben sollte? dann bitte posting löschen

[tgfn]

noch was, kennst du Impact Silver? ist warum auch immer auf einer meiner watchlists, geht grad ab

[Fruehrentner]

Gabs eigentlich inzwischen mal Firmennews?

[tgfn]

jau, die Männer vom Wald wollen da noch ein paar details geklärt haben


Formation Capital Confident Record of Decision Will Be Quickly Corrected
10/6/2008 1:13:14 PM - Market Wire

VANCOUVER, BRITISH COLUMBIA, Oct 6, 2008 (Marketwire via COMTEX News Network) --

Formation Capital Corporation ("Formation") (TSX:FCO) has learned today from its wholly owned subsidiary, Formation Capital Corporation, U.S. (the Company) that the Record of Decision (ROD) on its 100% owned Idaho Cobalt Project has been remanded. The Company's President, William G. Scales, said today's announcement by the U.S. Forest Service of the remanding of the ROD was due to what the company believes is a relatively minor issue. It revolves around the addition of language to clearly show that the approved plan meets all regulatory requirements.

"I would direct people, press and supporters to two things," said Scales, in commenting on the remand, "First, the regional supervisor clearly stated the Environmental Impact Statement complied with the National Environmental Policy Act. Secondly, they noted the importance of the project to the community and pledged to address the clarification issues as promptly as possible."

Scales said the company believes that this move by the Forest Service will ensure that the ROD, if there are legal challenges when it is reissued, will better be able to withstand them. "In the long run this is a helpful move and we take the Forest Service at their word that the delay is short and they can address the questions asked by the Regional Forester to his satisfaction," Scales added.

Scales said that in terms of the work schedule for the project, there would be little, if any, impact.

Formation Capital Corporation is dedicated to the principles of environmentally sound mining and refining practices, and believes that environmental stewardship and mining can co-exist. The Company trades on the Toronto Stock Exchange under the symbol FCO.

Formation Capital Corporation

Mari-Ann Green, C.E.O.

The statements contained in this news release in regard to Formation Capital Corporation that are not purely historical are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including Formation Capital Corporation's beliefs, expectations, hopes or intentions regarding the future. All forward-looking statements are made as of the date hereof and are based on information available to the parties as of such date. It is important to note that actual outcome and the actual results could differ from those in such forward-looking statements. Factors that could cause actual results to differ materially include risks and uncertainties such as technological, legislative, corporate, commodity price and marketplace changes.

SOURCE: Formation Capital Corporation

Formation Capital Corporation E.R. (Rick) Honsinger, P.Geo. V.P. Corporate Communications [phone] [phone] (FAX) Email: [e-mail] Website: formcap.com
Copyright (C) 2008 Marketwire. All rights reserved.

[scout]

Hallo Pisa,
lange nichts mehr von Dir gehört!
Ich dachte heute, es kann nicht mehr schlimmer werden und ich habe noch mals kräftig zugekauft (nach der Meldung, daß der ROD verschoben ist). Aber wahrscheinlich war es wieder etwas zu früh.
Was denkst Du?
Scout

[pisa]

Antwort auf Beitrag Nr.: 35.463.984 von scout am 07.10.08 21:01:13

Hi scout,
agree. Das Paradoxe ist, kannst Du 7 Jahre gehalten haben und wirst auch belohnt in den nächten 12 -18 Monaten...

Jedoch erzielst Du die gleiche Performance wenn Du jetzt kaufst und nur 12-18 Monate hältst...

Das Verrückte ist, wir sind bei vielen high quality explorern auf dem Stand von 2000 und dem enstsprechendem runup der dann folgte genau vor uns.

Enjoy,
Pisa

[pisa]

im Moment wird fco so gehandelt als ob die Mine niemals online gehen wird

[tgfn]

so langsam kommen die ersten zuckungen in den markt. schon erstaunlich, was so alles quasi zum cash-wert gehandelt wird.

[pisa]

Antwort auf Beitrag Nr.: 35.500.193 von tgfn am 09.10.08 18:58:09

nun klar, nachdem nun einige von denen, die dachten die Welt sei eine Scheibe, am Rand angekommen sind und bemerkt haben das sie doch nicht herunterfallen in den schwarzen Höllenschlund...
sieht es lustig aus mit 40% plus und so

Sogar ne harmony mining (alter Weggefährte) hat gestern 34/ geschafft

Enjoy,
Pisa

[pisa]

January 02, 2009
Li-ion Batteries Mass Production by Alliance of 14 U.S. Battery Makers and National Lab
Publisher: Metal-Pages, London

-------------------------------------------------------------------

LONDON (Metal-Pages) 02-Jan-09.

A U.S. government laboratory has formed an alliance with 14 U.S. companies with expertise in batteries and advanced materials in order develop manufacturing facilities for the mass production of lithium batteries for vehicles, as reported by Reuters.

The alliance, which includes battery industry giants such as 3M Co and Johnson Controls-Saft, intends to secure $ 1 billion to $ 2 billion in U.S. government funding over the next five years to build a manufacturing facility with an "open foundry" for the participants to develop the perfect lithium-ion battery for cars.

"It's a huge deal for the nation, and for the lab," said Mark Peters, who is in charge of transportation and battery research at Argonne National Laboratory near Chicago, which will advise the group.

China, Japan and South Korea are the current leaders in lithium battery research, he said in a telephone interview.

"A small, fragmented (U.S.) battery industry will not long survive in the face of determined Asian competition," Ralph Brodd, a consultant to battery manufacturers, said in a statement released by Argonne. The Argonne National Laboratory is one of the U.S. Department of Energy's largest research centers. It is also the nation's first national laboratory, chartered in 1946 and is recognised for its excellence in connecting basic research to innovative technology.

"(Other) countries understand that he who makes the batteries will one day make the cars," he added.

The best-selling hybrid vehicles such as Toyota Motor Corp's Prius use a nickel metal hydride battery. However, lithium batteries are widely considered to be the next technological leap forward for electric-powered vehicles, as they can be recharged in a wall socket like a computer battery.

The National Alliance for Advanced Transportation Battery Cell Manufacture was modeled after SEMATECH, the successful public-private venture created in the late 1980s to restore U.S. prominence in computer semiconductor technology.

In addition to Johnson Controls-Saft Advanced Power Solutions, a joint venture of Johnson Controls Inc and France's Saft Groupe SA, and the 3M Co the founding members of the battery alliance are ActaCell, All Cell Technologies, Altair Nanotechnologies Inc, Eagle Picher Industries Inc, EnerSys, Envia Systems, FMC Corp, MicroSun Technologies, Mobius Power, SiLyte, Superior Graphite, and Townsend Advanced Energy.

In addition to an advisory role for Argonne, U.S. truck and automobile manufacturers will be asked to join the alliance's advisory board, said James Greenberger, an attorney who was instrumental in assembling the group.


-END-

[pisa]

das Kursplus scheint in Erwartung der im Januar zu erwartenden finalen Minengenehmigung (ROD- Record Of Decision) stattgefunden zu haben...


Enjoy,
Pisa

[pisa]

http://www.commodityonline.com/news/Closure-of-Zambia-mines-…

Hat Zambia wohl übbereizt mit den Steuern...

Damit dürfte noch weniger Kobalt verfügbar sein...


Enjoy,
Pisa

[pisa]

Re: News - Wednesday, January 21, 2009
Title: Forest Service Issues Revised Positive Record of Decision for Idaho Cobalt Project
________________________________________
Vancouver, B.C., January 21, 2009 - Formation Capital Corporation ("Formation", FCO-TSX,) is pleased to announce that its wholly owned subsidiary, Formation Capital Corporation, U.S. (the "Company") is in receipt of a news release issued by the United States Department of Agriculture Salmon Challis National Forest (the "Forest Service") stating a revised Record of Decision has been issued for the Idaho Cobalt Project (the "ICP"), the contents of which are duplicated below.
"Forest Service Issues Record of Decision for Idaho Cobalt Project

Salmon-Challis National Forest Supervisor Bill Wood has approved a Record of Decision (ROD) with stipulations and mitigations to be incorporated into a Plan of Operations for approval for Formation Capital Corporation's (FCC) Idaho Cobalt Project, a proposed cobalt mining project located in the Panther Creek drainage west of Salmon.

"A new ROD has been prepared in response to the Regional Forester's appeal decision. Specifically, this ROD clarifies provisions of the plan of operations to be approved regarding management of sedimentation from initial construction activities and management and treatment of groundwater," stated Bill Wood. The ROD also documents additional efforts to consult with Native American Tribes and compilation of a Watershed Analysis as required by the Forest Plan. While the Environmental Impact Statement thoroughly discussed the potential effects to aquatic and riparian resources, that analysis had not been compiled into a Watershed Analysis report as technically required by the Forest Plan. Finally, this ROD provides a more succinct discussion of the potential effects of mining operations to the characteristics of Inventoried Roadless Areas and the management of these areas under the October 2008 Idaho Roadless Area Management Rule.
This ROD describes the decision to approve a Plan of Operations, the rationale for the decision, and includes a brief description of all alternatives considered in reaching the decision. It also includes a discussion of preferences among alternatives based on relevant factors and how those factors were used in reaching the decision.
The ROD and associated documents are being mailed to interested members of the public on the project's mailing list, and copies will be available at the Salmon-Cobalt Ranger District Office and Forest Supervisors Office in Salmon. In addition, a copy will be available at the public libraries in Salmon and Challis.

The decision is subject to a 45 day administrative period during which time individuals or groups that have established "standing" may appeal the decision. This process is described in the ROD.

For further information please contact Kimberly Nelson, Salmon-Cobalt District Ranger, at 208-756-5247."
The Company has not yet received a copy of the ROD, which is expected forthwith.
Once in production, Formation's Idaho Cobalt Project will provide the United States with high purity super alloy grade cobalt metal required for critical applications such as the construction of jet airplane engines, land based turbines, catalysts for coal and gas to liquid technologies, and batteries used in hybrid and electric cars.
Formation Capital Corporation is dedicated to the principles of environmentally sound mining and refining practices and believes that environmental stewardship and mining can co-exist. Formation trades on the Toronto Stock Exchange under the symbol FCO.

Formation Capital Corporation
"Mari-Ann Green"
Mari-Ann Green, C.E.O.

[tgfn]

bald gibt`s Kobalt an der LME
http://www.lme.co.uk/minormetals/cobalt.asp

[pisa]

sehr feine news an der Genehmigungsfront..

Die Mine kommt wohl doch noch dieses Jahr

Enjoy,
Pisa

[pisa]

http://www.eetimes.com/news/latest/showArticle.jhtml?article…

Toshiba and VW join forces re e-cars.
Fokus klar auf Lithium-Ionen batteries und Massenproduktion.

Na, da wird ne Menge Kobalt gebraucht werden, die neuen Batterien haben viele Kilo Kobalt drin...

Soooo.. was passiert nun wenn Kupfer low in demand ist und Kobalt in high demand? Würde sagen reine Kobalt producer werden eine tolle Zeit haben


Enjoy,
Pisa

[tgfn]

Antwort auf Beitrag Nr.: 36.579.371 von pisa am 14.02.09 11:51:28

selbiges gilt für silbriges

[scout]

Schlechtes Zeichen ???
Am Montag lief ja die Einspruchsfrist zur neuen ROD ab und der Kurs der Aktie fällt. Nun, nächste Woche wird das Ergebnis ja bekannt gegeben und wir wissen mehr.
Scout

[pisa]

Antwort auf Beitrag Nr.: 36.751.871 von scout am 12.03.09 12:30:04

zumindest der Kobaltpreis fängt wieder an zu steigen...

Mein Bauch sagt mir immer ganz klar das die Mine in Produktion gehen wird.

Enjoy,
Pisa

[pisa]

Wenn man mal wieder etwas in die Zukunft schaut werden ausser dem dem bevorstehenden Produktionsbeginn für Kobalt auch andere Projekte wieder interessant. Die 2% Beteligung an dem massiven Uranprojekt Virgin River kann auf 10% ausgebaut werden, andererseits haben Sie auch eine sehr vielversprechnde Sache in mexico.

http://www.formcap.com/s/ElMilagro.asp
...
Alkaline dikes and sills along the caldera ring fracture carry semi-massive sulphide stockwork zones in altered intrusive rocks. Silver grades reach bonanza levels often in excess of 2 kilograms per tonne and combined lead-zinc grades usually exceed 10%.
...
silver-lead-zinc stockworks barite-calcite-jasperoid veining, in alkaline intrusive rocks and disseminated rare earth elements in nephenilites and carbonitites.
...

Silver values across the dike in the Santa Maria workings vary from 0.8 to 3.8 kilograms/tonne over 4 metres. Accompanying base metal values include lead assays ranging from 10.3% to 12.3% and zinc assays from 2.8% to 6.8%

...

Enjoy
Pisa


Enjoy,
Pisa

[scout]

Antwort auf Beitrag Nr.: 36.769.407 von pisa am 15.03.09 13:19:56

Never ending story!

Wie befürchtet nimmt der Genehmigungsprozess einfach kein Ende.
http://www.idahostatesman.com/localnews/story/699454.html
Scout

[pisa]

Antwort auf Beitrag Nr.: 36.775.901 von scout am 16.03.09 16:39:10

nun wie immer halbvoll/halbleer

halbleer ist das Glas weil nun wieder ein delay da ist.

Halbvoll ist das Glas weil Xstrata himself sich von Formation bedroht sieht.

Enjoy,
Pisa

[pisa]

nun haben Sie den letzten Indianer überzeugt, nur Xstrata meldet sich plötzlich. Na, das ist so offensichtlich, weiss ich jetzt mal nicht ob das überhaupt Ernst genommen wird.

=======================================================================
Re: News - Friday, March 27, 2009
Major Cobalt Producer, Xstrata plc, Appeals Idaho Cobalt Project
Record of Decision
=======================================================================

Vancouver, B.C., March 17, 2009 - Formation Capital Corporation ("Formation", FCO-TSX,) announces that its wholly owned subsidiary, Formation Capital Corporation, U.S. (the "Company") has received from the United States Department of Agriculture, US Forest Service, an appeal filed by Swiss based Xstrata plc (Xstrata) through its 100% owned subsidiaries Noranda Mining Inc., Noranda Exploration Inc., and the Blackbird Mining Co. Ltd. Partnership, in relation to the January
2009 Record of Decision (ROD) for the Company's 100% owned Idaho Cobalt Project (ICP) located in Lemhi County.

Xstrata, the sole appellant opposing the project, is a major exporter of cobalt to the United States. According to information collected by the European Commission in 2006, Xstrata controls approximately 85% of the world's high purity cobalt market. As the ICP is expected to produce high purity cobalt, their actions appear to indicate they believe the ICP is in direct competition with Xstrata. All attempts to contact Xstrata executives have been unsuccessful to date. Glencore International AG, who controls Xstrata, is reported to control over 40% of the entire global cobalt market.

Xstrata owns the old Blackbird Mine site which has been impacted from past mining practices and is undergoing restoration. The Blackbird Mine is adjacent to the ICP. Xstrata is the minority stakeholder of the restoration liability for the Blackbird Mine site. The majority stakeholder of the restoration liability for the Blackbird Mine site did not appeal the ROD. Xstrata's appeal, as in their previous appeal, states, among other things, that if the ICP is approved, Xstrata should be relieved of their environmental obligations to meet water quality standards in certain creeks emanating from their site.

"Most of the issues raised by Xstrata seek to address the adequacy of the Final Environmental Impact Statement which has already been upheld"
said Preston Rufe, Environmental Manager for the ICP. He continued, "We believe the Forest Service, having already seen Xstrata's appeal last fall, will move quickly to uphold and implement the ROD".
Bill Scales, President of Formation Capital Corporation, U.S. further commented "We don't believe there were any new issues raised that would affect the positive decision made by the Forest Service."

The Idaho Conservation League, Boulder White Clouds Council, Earthworks, and Western Mining Action Project (collectively, "NGOs") had originally commented unfavorably upon the ICP's Draft Environmental Impact Statement; however, none of the NGOs challenged the ICP ROD.
Similarly, the Shoshone-Bannock Tribes and the Nez Perce Tribe have been actively engaged with the ICP, but neither Tribe chose to challenge the ICP ROD.

Thus, to summarize, the Federal permitting agencies most responsible for protecting the environment at both the old Blackbird Mine and at the ICP have approved the ICP ROD's environmental protection measures.
The relevant NGOs and Tribes have chosen not to challenge the ICP ROD.
Finally, the majority stakeholder in the environmental liability associated with the Blackbird Mine cleanup has chosen not to challenge the ICP ROD.

Former Idaho Governor Cecil Andrus, a long time and well-known friend of Idaho's environment, has stated that, "By looking at the entirety of the circumstances, and given Xstrata's percentage control of the high purity cobalt market, it does not take much imagination to understand why Xstrata is seeking to prevent the ICP from entering production, particularly when you consider that the persons and groups who would normally feel compelled to oppose any irresponsible mining project have chosen not to appeal the ICP ROD." Governor Andrus has been on the Board of Directors of Formation since 2007.

A second appeal from an individual, in favor of the ICP, but in disagreement with certain specifics of the Forest Service's ROD not related to the Company's Mine Plan of Operation, was also received by the Forest Service.

Once in production, Formation's Idaho Cobalt Project will provide the United States with high purity super alloy grade cobalt metal required for critical applications such as the construction of jet airplane engines, land based turbines, catalysts for coal and gas to liquid technology, and batteries used in hybrid and electric cars. At present, the US is essentially 100% dependent on foreign sources for cobalt.

Formation Capital Corporation is dedicated to the principles of environmentally sound mining and refining practices and believes that environmental stewardship and mining can co-exist. The Company trades on the Toronto Stock Exchange under the symbol FCO.

Formation Capital Corporation

"Mari-Ann Green"

[pisa]

Antwort auf Beitrag Nr.: 36.782.841 von pisa am 17.03.09 13:54:41

wenn Xstrata jedoch FCO so dermassen ernst nimmt.. dann wird XSTRATA sicher eine Übernahme anstreben..

Ganz neue Ideen die einem da kommen

Enjoy,
Pisa

[scout]

Es ist kaum zu glauben. Nachdem jetzt die nächste Hürde im Genehmigungsprozess genommen ist ( http://www.marketwire.com/press-release/Formation-Capital-Co… ), scheinen doch viele Skeptiker das Feld zu räumen. Der Kurs der Aktie zieht tatsächlich bei zunehmendem Volumen an. Nun, dann hat sich das Warten vielleicht doch irgendwann gelohnt.
Scout

[pisa]

Antwort auf Beitrag Nr.: 36.847.970 von scout am 25.03.09 20:39:49

Enjoy,
Pisa

[tgfn]

Hätte jetzt gedacht, die sinken auf 0,25$. hätte auch gedacht, es gibt ne kapitalerhöhung mit bezugsrecht.
anstatt dessen ein placement ca. 20% unterm letzten closing preis. verwässerung mal grob 10%
non-arms-length typen sind wohl die directors.
wer zu hölle sind qualified investors?
lichtblick: strategic investor will mal so grob die hälfte, da bin ich nu mal gespannt, wer da so strategisch ist.
noch ein lichtblick: warrants strike bei 0,40$.

verrückt: das ding steigt weiterhin in kanada
bin verwirrt
klärt mich vielleicht jemand auf?


http://www.formcap.com/s/News.asp?ReportID=343836&_Type=News…

[pisa]

Cobalt bounces on Chinese buying, eyes $20 in the short term
By Perrine Faye - Deputy Chief Correspondent, [e-mail] ([phone])

Email this page to a friend - Printer friendly version
London, 17 April 2009 - Cobalt has risen sharply in line with copper in recent weeks to hit its best for two months, as Chinese demand perked up in an environment of tight supply, with traders saying prices could reach $20 a pound soon amid a big boost worlwide for electric motoring.

On the free-market, high grade 99.80 percent was quoted at $17.50/18.50 a pound, while Russian 99.30 percent stood at $15.50/16.50 -- both are at their highest since early February.

The market had reached five-year lows of $9.00 a pound for 99.3 grades and $10.00 for 99.8 at the start of December.

"Cobalt shot up again - the Chinese paid $16 a pound for 99.3 material... I think we are going to see $20 on cobalt in the next two weeks," a trader said.

"There is very litle supply -- nothing coming out of Zambia or India. Jinchuan, which used to export 3,000 tonnes of cobalt to the West, hasn't exported anything this year and the information we have from the Chinese is that they will not look at exporting for the first six months of this year at least," he added.

Reports last week said China's State Reserve Bureau may purchase cobalt for its strategic reserves, alongside copper. Chinese traders and smelters are also believed to have bought 800 to 1,000 tonnes of cobalt since the end of last year, according to a report by the Wall Street Journal.

Cobalt, mainly used in the production of batteries and corrosion-resistant super alloys, is benefitting from a global boost for electric or plug-in hybrid cars at present, to reduce CO2 emissions.

In China, the government will invest over $1.5 billion in the next few years to support the development of electric cars and it seems determined to take a leadership role in the green car race.

"China is making a lot of batteries at the moment -- it plans to produce over half a million a year of electric vehicles compared with 20,000 now, so it is going to need at least 6,000 tonnes of cobalt for its car industry in the next 18 months," the trader said.

However, according to automotive consulting firm CSM Corp, sales of passenger vehicles using hybrid and electric technology will pass 100,000 units only in 2015, representing just one percent of China’s total passenger car sales.

Elsewhere, the US and the UK have also pushed for electric car strategies recently -- the UK government just announced a plan to offer motorists subsidies of up to £5,000 when they buy electric or plug-in hybrid cars, although this may not be available before 2011. These cars use lithium-ion batteries, which use a lot of nickel and cobalt.

"The world is going to go electric and that could use anything up to 60,000 tonnes of cobalt, which is enormous, bearing in mind that this is the current size of the market," the trader said.

At the same time, demand from the airspace industry should pick up later this year as production of Airbus A380 and Boeing Dreamliners ramps up.

On the supply side, recent production cutbacks in Zambia and the Democratic Republic of Congo are keeping the market tight, although new production is expected later this year -- in the DRC, Indonesia and China.

Despite the recent rally, cobalt prices are still a long way off their 30-year peaks and near-record highs of more than $50 a pound reached in May last year.

[Smallcappicker]

Antwort auf Beitrag Nr.: 36.916.325 von tgfn am 03.04.09 16:57:19

Ich habe gerade das Management getroffen. Die Story hört sich wirklich sehr gut an und sie sind nicht einer von vielen auf dem Kobaltmarkt.

Der Grossinvestor soll eine sehr grosse an der Börse gelistete Firma sein, das wäre ja schonmal nicht schlecht, so lange sich Formation von denen nicht über den Tisch ziehen lässt und nur die anderen profitieren.

Deine Frage mit "qualified investors" ist vermutlich von Land zu Land unterschiedlich zu beantworten. Oft musst Du angeben, dass Du ein Vermögen von XY hast usw. Also nicht jeder, der grad mal 25.000 CAD frei hat darf bei sowas mitmachen.

[pisa]

Antwort auf Beitrag Nr.: 37.010.850 von Smallcappicker am 21.04.09 17:08:07

Der Grossinvestor soll eine sehr grosse an der Börse gelistete Firma sein, das wäre ja schonmal nicht schlecht, so lange sich Formation von denen nicht über den Tisch ziehen lässt und nur die anderen profitieren.

Mein take ist das es sich um Xstrata handelt und Xstrata die lächerlichen Einsprüche nur als Schachzug in den Verhandlungen benutzt.

Enjoy,
Pisa

[pisa]

Re: News - Thursday, April 23, 2009
Title: Record of Decision Affirmed for Formation Capital's Idaho Cobalt Project
________________________________________
Vancouver, B.C., April 23, 2009 - Formation Capital Corporation ("Formation", FCO-TSX), is pleased to announce that its wholly owned subsidiary, Formation Capital Corporation, U.S. (the "Company") has received notice from the United States Department of Agriculture Salmon Challis National Forest (the "Forest Service") that the Record of Decision (ROD) issued in January 2009 for the Company's 100% owned Idaho Cobalt Project (the ICP) has now been affirmed and that the relief sought in Xstrata plc's appeal of the project has been denied.

In a letter from the Forest Service's Appeal Deciding Officer addressed to the legal counsel of Xstrata's subsidiaries Noranda Exploration Inc. and the Blackbird Mining Co. Ltd., the Appeal Deciding Officer stated, "After considering your issues and the project documentation, the Appeal Reviewing Officer recommends the Forest Supervisor's decision [the ROD] be affirmed". The letter continues, "After careful consideration of the above factors, I affirm the Forest Supervisor's decision to implement the Idaho Cobalt Project. Your request for relief is denied."

Relief was also denied for the one other appeal filed by an individual.

In a release issued today by the Forest Service, they stated, "This action completes the administrative appeal process for the Agency and is the culmination of an extensive effort involving FCC [Formation Capital] and the Forest Service. With the affirmation by the Deputy Regional Forester of my decision of January 2009, the final pathway for the company to follow has been established", stated Bill Wood, Forest Supervisor of the Salmon-Challis National Forest.

"This is the last significant permitting hurdle we needed to cross to move forward with the development of the project" stated Bill Scales, President of Formation Capital Corporation, U.S.

Mari-Ann Green, CEO of Formation Capital Corporation, stated with enthusiasm, "This is something we have been working on for a very long time -- something that countless local community members and shareholders alike have been waiting for. Now it's time to complete the final details and create sorely needed jobs for the people of Idaho."

Formation Capital Corporation is dedicated to the principles of environmentally sound mining and refining practices, and believes that environmental stewardship and mining can co-exist. The Company trades on the Toronto Stock Exchange under the symbol FCO.

Formation Capital Corporation

"Mari-Ann Green"

Mari-Ann Green, C.E.O.

For further information please contact:
E.R. (Rick) Honsinger, P.Geo., V.P. Corporate Communications
Formation Capital Corporation, 1730 -- 999 West Hastings Street,
Vancouver, BC, V6C 2W2
Head Office: 604-682-6229, Investor Relations: Email: [e-mail]
- Or visit our Web site at: formcap.com
The statements contained in this news release in regard to Formation Capital Corporation that are not purely historical are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including Formation Capital Corporation's beliefs, expectations, hopes or intentions regarding the future. All forward-looking statements are made as of the date hereof and are based on information available to the parties as of such date. It is important to note that actual outcome and the actual results could differ from those in such forward-looking statements. Factors that could cause actual results to differ materially include risks and uncertainties such as technological, legislative, corporate, commodity price and marketplace changes.
________________________________________
Copyright © 2009 FORMATION CAPITAL CORPORATION (FCO) All rights reserved. For more information visit our website at http://www.formcap.com/ or send email to [e-mail] .
Message sent on Thu Apr 23, 2009 at 11:42:41 AM Pacific Time

[tgfn]

das ich das nochmal erleben durfte

[scout]

Die unendliche Geschichte.......


NOTE: This update was sent to the Company's list of shareholders and interested parties via email on June 29, 2009.

- This is Not an Official Company News Release --
- For the Information of Shareholders & Interested Parties Only -


Dear Shareholder / Interested Party,

In response to enquiries the regarding the status of mine financing and the project schedule for the 100% owned Idaho Cobalt Project (ICP) located near Salmon, Idaho, Management is providing this informal update as received by its wholly owned subsidiary, Formation Capital Corporation, U.S. ("the Company")

The Company's goal remains to commence mine construction in late summer or early fall of this year. Management cannot say with certainty when we will be able to "break ground" as this is dependent on the successful closing of a mine financing, the subsequent placement of an appropriate reclamation bond (the amount of which has yet to be determined) and the final approval of the Plan of Operations by the lead permitting agency, the United States Department of Agriculture Forest Service (the "Forest Service"). The Forest Service has advised the Company that although they have encountered internal logistic delays over the past several weeks, they have assured the Company that they are working diligently to finalize the bond amount and approve the Plan of Operations. The plan was submitted to the Forest Service on February 27, 2009 after the Record of Decision (the "ROD") was issued in January of this year. The ROD was subsequently upheld on April 23, 2009. The Plan of Operations was again updated to conform with the approved ROD and we await the Forest Service's final comments on the re-submitted Plan of Operations.

With an anticipated six day per week construction schedule, construction is expected to be complete in approximately one year from its commencement. The mine life is currently projected to last approximately ten years, but with the resources open along strike and at depth, there could be several additional years of operation.

Multiple development projects are expected to run concurrently as construction of the ICP moves forward. Improvements to access roads, site logging and earthwork will be a high priority and will be the first to commence. The currently proposed project construction and operations schedule is not definitive and is intended as a guideline that is subject to change. Pending Forest Service approval, the commencement of construction in early fall of 2009 through to year end is anticipated to be the busiest period. During this time construction will also include the development of the portal bench, tram, tailings and waste rock storage facility, site road upgrades and the commencement of underground mine development. These and other related projects are expected to conclude next year for a targeted commencement of operations in the third or fourth quarter of 2010. Once in operation, production will ramp up to 800 tpd over the course of the next several months and require 157 personnel during the operational phase.

The Company and the Contractors will be required to carpool or bus their employees to the mine site where practical. The Company's previously purchased warehouse and staging area property located on the outskirts of town, will be used to gather smaller loads of freight into full truck loads to reduce traffic to the site.

There has been significant interest from potential financiers in the project. Management continues to advance mine finance discussions on numerous fronts including debt markets, off-take discussions, strategic partnerships, tax exempt bonds and other instruments, in an effort to ensure any financial instrument undertaking, or combination thereof, will be in the best interest of the shareholders and that it protects the Company's assets. Management remains confident it will be able to conclude a financing under favorable terms, however, at this time, the current recessional financial market conditions preclude forecasting any definitive completion date for a successful mine financing.

Formation Capital Corporation

...aber irgendwann wird es doch noch was.
Scout

_____________________________________________________

[scout]

Cobalt-Preis ist nach einiger Zeit wieder gestiegen.
Es sieht fast so aus, als würde er aus der letzten Konsolidierung nach oben ausbrechen.

http://www.minormetals.com/dynamicChart.aspx?rhs_offset=55&w…

Scout

[pisa]

Antwort auf Beitrag Nr.: 37.569.164 von scout am 14.07.09 14:57:43

genau, sieht so aus und pünktlich zur anstehenden Finanzierung ;-)
Interessant ist auch das der Preis jetzt, in der toten Zeit anzieht, offensichtlich sind die Lager leergefegt wegen Krisenangst, nun sehen die Producer das die Welt sich doch erstmal weiterdreht und werden nervös bzgl. supply der raw materials. Ist ja die grösste Scheisse überhaupt wenn man einkommende orders nicht akzeptieren kann...


Jinchuan Group, the major cobalt producer in China, raised its website offer prices for cobalt metal again yesterday on the back of the recent increase in cobalt metal prices in the overseas market. This is the company’s second price increase since the start of this month.

The Gansu-based company is currently offering 99.8% cobalt metal at Rmb 335,000/tonne ($22.29/lb), up from Rmb 310,000/tonne ($20.62/lb) which had been in place since 3 July.

Prices for 99.8% cobalt metal in the spot market have been heading north this week although suppliers said that downstream consumer demand has not been very strong. Some suppliers have raised their offer prices to Rmb 350/kg ($23.28/lb) for the minor metal. Market players reported that prices for cobalt concentrate in the Chinese spot market would be at least $ 13/lb, in comparison with about $ 12/lb seen at the start of last week.

Meanwhile, the cobalt chloride market has continued to see a lack of downstream purchases although sources reported higher prices for small quantities purchased have been visible in the recent market. Some producers have been holding prices for the chloride at about Rmb 75,000/tonne ($10,998/tonne). “However, consumers from the battery sector have been reluctant to accept prices above Rmb 72,000/tonne,” said a supplier source.

Enjoy,
Pisa

[tommy-hl]

Artikel von minesite:

July 22, 2009 - By Charles Wyatt
Formation Capital Gets Ever Closer To Production At The Idaho Cobalt Project, In Spite Of The Actions Of Xstrata

Mick Davis asserted during his after-dinner speech to the Melbourne Mining Club at Lords Cricket Ground that Xstrata gives maximum autonomy to its operations around the world. But there is a danger that this can prove to be a two-edged weapon. Back in 2002 Xstrata closed the Windimurra vanadium mine in Western Australia where it was in a joint venture with Precious Metals Australia. Bad enough to have to close a mine with all the redundancies that implies, but the major also started to dismantle the plant without the agreement of its partner. Roderick Smith, who was running Precious Metals at the time, fought back through the courts and managed to stop Xstrata from removing the kiln and a lot of other equipment. He also came away with a cheque for A$24 million.

That equipment, worth several hundred million dollars, was key to subsequent attempts to resuscitate the mine, which got underway in 2008. It is impossible to know if Xstrata’s head office was asked if the plant should be dismantled, or whether the decision was taken independently at a local level. But dismantling the plant would hardly be disadvantageous to Xstrata, given that it also produces vanadium in South Africa, and product from that operation would be more likely to fetch a higher price if Windimurra vanadium was unlikely to hit the market any time soon. It’s perhaps more likely that the local management made its own decision, but Mick Davis would certainly have known about it when he had to sign a cheque for A$24 million. Autonomy is a great thing, but local managers still have to be kept on a strong leash. And fast forward to 2009, and a similar thing seems to be happening in Idaho, only this time round the bill could be even higher if it can be proved that the local management is in breach of anti-trust law.

Anti-trust law in the States is pretty lethal. It was created to prevent monopolies and break up giant corporations like Standard Oil. The philosophy behind the laws is that trusts and monopolies can cause markets to stagnate by preventing others from engaging in healthy market competition. The fines can be mind-boggling, so it is difficult to understand why Xstrata US is tempting fate by trying to prevent the Canadian-listed company Formation Capital getting access to its Idaho cobalt project, other than to say that the Idaho project will be the first primary producer of the metal in the States. Xstrata is the minority partner in the old Blackbird minesite, which lies close to the Idaho cobalt project, and which is undergoing restoration and through which Formation Capital needs access. In January of this year the US Department of Agriculture, US Forest Service handed down a Record Of Decision which meant that the cobalt project could go ahead. But appeal against that decision was lodged three months later by Xstrata, despite the fact that Rio Tinto, the majority partner in Blackbird, decided not to join in.

Such an action seems mighty strange, until one remembers that Xstrata owns the Nikkelverk refinery at Kristiansand in Norway which has the capacity to process 86,000 tonnes of nickel, 39,000 tonnes of copper cathodes and 5,200 tonnes of cobalt annually. Most of that cobalt is sold to the US where it is considered to be a strategic material. The view is that cobalt is a commodity whose lack of availability during a national emergency would seriously affect the economic, industrial, and defensive capability of the US. Until the Idaho cobalt project comes into production the US will be importing virtually all its cobalt requirements, and a goodly slice of that is coming from Nikkelverk. When the Idaho cobalt project gets into production it should be producing 1,525 tonnes per year of super-alloy grade high purity cobalt metal for a minimum mine life of ten years.

Not hard to see why somebody somewhere might think they were doing a big favour for Mick Davis, sitting safe and sound back in Zug in Switzerland, by holding up development at the Idaho project as long as possible. The anticipated level of production at Idaho is equal to 3.3 per cent of the entire global cobalt supply and it will be able to meet no less than 15 per cent of the North American demand for cobalt. As the Idaho project would be on home territory it does not require a brain surgeon to deduce that those 1,525 tonnes per year will be sold at home and US import requirements will fall by that amount. Should be plenty to go round, one might think, as the US only consumes 20 per cent of world production, but that may not be how it appears to someone somewhere along the chain of command who’s trying to make an impression in Zug.

This hold up is yet another frustration for Mari-Ann Green, chief executive of Formation Capital, and she has encountered plenty of these in her efforts to bring the cobalt mine into production. How ironic then that it is another mining company that is chuntering on about environmental impact rather than the usual band of tree huggers. They have actually been won over by Mari-Ann who has gone out of her way to counter every objection by explaining exactly what the project involves. Her policy of meeting every problem head-on has taken the Idaho cobalt project to the point where funding is the next big hurdle to be crossed. According to Mari-Ann, plenty of interest is being shown by financiers and talks are in progress about a number of funding methods, including partnerships and off-take agreements, debt and equity. The aim is still to start construction this autumn and it will take a year after that before production is ready to start. Women usually get what they want in the end, so Mick Davis’s minions would be best advised to step aside.

[pisa]

Antwort auf Beitrag Nr.: 37.638.921 von tommy-hl am 24.07.09 11:00:04

Hi tommy,
das Xstrata sich da so dermassen querstellt zeigt mir das FCO da wirklich etwas Tolles auf die Beine stellt. Ich bin dann auch mal gespannt wann Sie mit weiterer Exploration anfangen, da liegt noch sehr viel mehr Cobalt als bisher kommuniziert. Naja werden Sie wohl nich vor nächstem Jahr respektive start der Mine anfangen.


Übrigens Glückwunsch zu Deiner korrekten Prognose bzgl. des Cobaltpreises!

Enjoy,
Pisa

[tommy-hl]

Antwort auf Beitrag Nr.: 37.641.252 von pisa am 24.07.09 15:09:57

Hi pisa,

das Projekt von Formation ist schon gut und könnte Begehrlichkeiten wecken. Leider sind die erwarteten Produktionskosten zu hoch!

Sollte der Kobaltpreis allerdings steigen, wird Formation wieder interessant.

Asian demand keeps cobalt prices buoyant: http://www.platts.com/Metals/News/7071996.xml?p=Metals/News&…

Gruß
Tommy

[pisa]

Antwort auf Beitrag Nr.: 37.645.193 von tommy-hl am 25.07.09 09:46:36

das wird er, man erlbet die letzten Wochen das Lieferfähigkeit jetzt of nicht gegeben ist, nach der Schockstorre durch alle Industrien entsteht jetzt plötzlich neuer deman, nicht nur Auffüllung leerer Läger. Und plotzlich rennen die supplier in die allocation.... Preise werden weiter zügig anziehen. Bei Cobalt kommt hinzu das ich vom LME Handel ab näcshtes Jahr auch eine Preisdruck nach oben erwarte.


Enjoy,
Pisa

[pisa]

Cobalt holds around 8-1/2 month highs, seen rising further
By Martin Hayes
London, 27 July 2009 - Cobalt prices started the week around their highest levels since early November 2008, with the recent upsurge in business and upward movement expected to continue in the medium term, traders said.

On the free market, high-grade 99.8 percent metal was quoted at $19.50/20.50 per pound, up around $1.00 over the last week, while 99.3 percent Russian metal stood at $18.00/18.75.

Consumers, who have been destocking throughout the year, are now buying in an environment of tight supply and low inventories, while there have also been signs of improving prospects in cobalt's key end-use areas.

"Everybody has de-stocked to the extent that even a five-tonne order will have an impact on the price now," a trader said. "When you think about it, the last quarter [of 2008] and first quarter [of 2009] were lousy. Even the second quarter was not up to much, so any pick-up is an improvement."

Top-grade metal is scarce, traders said, with Vale's Inco unit in Canada on strike and China's Jinchuan is making less material available.

"It is the high grade that is really dragging all the other grades up," another trader said.

Cobalt demand is fairly broad-based but around 55 percent emanates from the chemicals sector, which has started to show signs of life, while some 18 percent is used in super-alloys. Here, the production of batteries and corrosion-resistant super alloys is currently benefitting from a global boost for electric or plug-in hybrid cars that boast lower carbon dioxide emissions.

Demand is reckoned to have fallen less then 3 percent in 2008 but will still decline this year before recovering in 2010, CRU Group said at the recent Cobalt Development Institute (CDI) conference.

Up to 2007, demand had risen for six years in a row, reaching annual record levels of just under 60,000 tonnes. Supply and demand are usually roughly in balance each year.

In the short term, prices have the potential to push on further as end-users in Japan, a key market, are reluctant to commit to long-term contracts at present, turning instead to the spot market.

The market reached five-year lows of $9.00 per pound for 99.3 grade and $10.00 for 99.8 at the start of December last year. A vicious ride was seen in 2008, as the market tumbled after hitting 30-year peaks and near-record highs of more than $50 per pound reached in May.

(Editing by Mark Shaw)
MinorMetals.com

[pisa]

LME updates minor metal contract specifications, increases molybdenum lot size
London, 29 July 2009 - The London Metal Exchange has updated the contract details of its forthcoming minor metals contracts, raising the size of the molybdenum instrument in response to industry requests.

"The LME has been working closely with the minor metals industry to develop contracts that best serve its needs, " LME commercial director Liz Milan said. "The contracts build on best industry practice and will bring price transparency and new risk management techniques to the market from early next year."

Molybdenum futures will now be traded on the basis of 10 tonnes of molybdenum concentrate - previously, the basis had been five tonnes. All other details, as well as those for cobalt, remain as originally proposed.

The LME has set a target date of February 2010 for the introduction of the contracts, which will trade on the inter-office market, electronic trading platform Select and the open-outcry floor. Physically settled,q they will trade daily out to three months and then monthly out to 15 months, with delivery points in Rotterdam, Baltimore and Singapore.

The LME will now begin contacting producers to list their brands in advance of the first delivery date in May next year.

The specifications are as follows:

Cobalt -

1- Lot size: 1 tonne of minimum 99.3 percent cobalt
- Deliverable in 4 x 250kg or 2 x 500kg drums
- Delivery by brand
- Impurities set according to standard producer specificationMolybdenum

- Lot size: 6 tonnes of molybdenum delivered in 10 tonnes of roasted molybdenum concentrates
- Deliverable in 100, 200 or 250kg drums
- Roasted molybdenum concentrates deliverable with a molybdenum content of 57-63 percent

[pisa]

Cobalt established above $20/lb at 9-mth highs, further rises seen as market tightens By Martin Hayes

London, 06 August 2009 - Cobalt prices continued to push higher in Europe on Thursday, with growing tightness for high-grade metal lifting the market to its highest for nine months.

Further gains are expected in the short term, traders said.

On the free market, high-grade 99.8 percent metal was quoted at $20.00/21.50 per pound, up around $0.75 over the last week, while 99.3 percent Russian metal stood at $18.25/19.25, also up around $0.75

"It did stabilise last week but there has been demand for high-grade out of the US," a trader said. "Jinchuan have also raised their price considerably [to $23.24]."

The major Chinese producer is also making less metal available.

Already-tight supply at the top end of the market has been exacerbated by a continuing strike at Vale's Inco unit in Canada, where a stoppage at Sudbury has spread to Voisey’s Bay - cobalt is a by-product of nickel.

Force majeure, which has been declared on nickel deliveries, has also been invoked for cobalt, trade sources say.

"That will impact on sentiment, as I am not sure there was that much availability anyway," the trader said.

This will add to pressure on consumers, who have been destocking throughout the year and who must return to an environment of tight supply and low inventories, while there have also been signs of improving prospects in cobalt's key end-use sectors.

Demand is believed to have fallen less then 3 percent in 2008 but will still decline this year before recovering in 2010, CRU Group said at the recent Cobalt Development Institute (CDI) conference.

Up to 2007, demand had risen for six years in a row, reaching annual record levels of just under 60,000 tonnes. Supply and demand are usually roughly in balance each year.

Even before the final quarter, the rest of the summer is likely to see a scramble for supplies of high-grade metal, as alternative suppliers, such as African producers, have had lower availability this year so far.

The market reached five-year lows of $9.00 per pound for 99.3 grade material and $10.00 for 99.8 at the start of December last year. A vicious ride was seen in 2008, as the market tumbled after hitting 30-year peaks and near-record highs of more than $50 per pound reached in May.

(Editing by Mark Shaw)
MinorMetals.com



Enjoy,
Pisa

[pisa]

Cobalt - A Unique Way to Profit from Lithium ?

The Lithium sector of the junior resource market has seen huge gains in the last month. OK, let's not be coy. The Lithium space is experiencing investor mania.

Look at some of the gains. Canada Lithium (TSXv:CLQ) is up 30% in a month on over 7 times its usual volume. Lithium One (TSXv:LI) up 300% in 2 months from 50 cents to $1.50, and First Lithium up 300% from 8 cents to 24 cents in just 1 week. Tell the world that you have a piece of moose pasture with Lithium on it and junior exploration companies will beat a path to your door in no time like a herd of stampeding cattle.

The tipping point for this surge higher was a CNBC report aired on August 13 2009 that spoke about the brilliant future ahead for Lithium thanks to the growing demand for Lithium-ion batteries. This was followed by Barrack Obama giving $2.4 billion in stimulus money to the electric vehicle industry and Ontario Premier Dalton McGuinty offering up $16.7 million for battery research. But caveat emptor....buyer beware - these lithium stocks have gotten a tad too expensive too quick. Piling in to Lithium stocks at this juncture may invite trouble to your portfolio.


But the growth in lithium is happening, with General Motors planning to unleash its new VOLT electric car in 2010, with Diamler AG having just acquired a 10% interest in electric car maker Tesla and with Toyota having recently announced that its 2010 model Prius will now use Lithium-ion batteries instead of Nickle-Metal-Hydride batteries. So what should investors do? Where can one find value? The answer may surprise you.



Consider investing in cobalt. You see, what has been overlooked in this investor stampede into Lithium stocks is the notion that Lithium-ion batteries use cobalt in the chemical make-up of the battery. A Lithium-ion battery consists of a Lithium-cobalt-oxide cathode (positive electrode) and a Lithium carbide graphitic anode (negative electrode).



One of the main advantages of a Lithium-ion battery is its high energy density. That is, a lot of charge can be stored in a small area. This is precisely why your laptop computer, your camcorder, your cell phone and your iPod all use Lithium-ion batteries. Combine this with the long run time and the notion that Lithium-ion batteries have no memory effect ( that is, they hold their charge for a long time once charged up), and you can begin to see the popularity of this type of battery.

What really intrigues me is the recently announced move by Toyota to gravitate to Lithium-ion batteries. There are 3.2 lbs of cobalt in the Nickel-Metal-Hydride battery of an older model Toyota Prius. The lithium-ion battery in the new 2010 Prius will have over eight pounds of cobalt - more than twice the cobalt content of the older Nickel-Metal-Hydride battery. The new 2010 Toyota Prius with this lighter weight, more efficient Lithium-ion battery will save 70% of the braking energy of the car vs a 30% energy savings on braking with a heavier, bulkier nickel-metal-hydride battery. This means the miles per gallon will jump up from roughly 50 MPG to near 70 MPG.

It’s hard to play cobalt directly, in that it is mostly a by-product that comes out of copper refineries and nickel refineres. But, there is one stock that represents an excellent way for value oriented investors to position themselves in this strategic metal. Geovic Mining - which trades on the TSX under the ticker GMC (and on the OTC market under the ticker GVCM). GMC is trading in the C$0.70 cent range right now. This price point places it at just over its cash value per share as the company has $60 million in the bank. As the Lithium mania has unfolded, Geovic has risen only from 60 to 70 cents. Daily trading volume was higher than normal which tells me this price move was all about the smart investors getting well positioned for what they feel will be a move higher.

Geovic (www.geovic.net) has one of, if not the largest, primary cobalt deposits in the world in the African nation of Cameroon. On one of its projects, Geovic has a measured and indicated resource of 54.7 million tonnes at average grades of 0.25% cobalt, 0.69% nickel, and 1.33% manganese. A second nearby deposit has an inferred 154 million tonne resource.


Smaller players in the cobalt space include Formation Capital and newcomer Puget Ventures. Formation Capital (FCO-TSX), continues to work towards getting its Idaho Cobalt Project (ICP) in Idaho,USA into production. This project contains 3.7 million tonnes of ore grading 0.559% cobalt and 0.559% copper. But, Formation cautions it does not know exactly when the US Forest Service will formally approve its Plan of Operations. Add to this a bizarre argument that Formation is having with Xstrata who owns an adjacent property and the picture gets even murkier. Until these issues are resolved, project financing will be hobbled. Formation’s stock has been in a very tight trading range around 35 cents, though volume is picking up. There are 240 million shares outstanding. Puget Ventures, (PVS-TSXv), aims to place an old cobalt mine – Werner Lake West - in northwestern Ontario, Canada, back into production. The Werner Lake West copper-cobalt mine includes historically reported reserves and resources (not NI 43-101 compliant) totalling only 1.1 million tonnes of 0.31 per cent cobalt, 0.29 per cent copper and 0.011 ounce per ton gold in all categories.The company says that with minimal additional work, a production decision could be made. After completing its current $3.5 million financing, there will be roughly 20 million shares out and $3.5 million in cash.

We have now seen what the future prospect of more Lithium batteries has done for the Lithium stocks. As Lithium-ion batteries containing cobalt gain more attention - ask yourself - can the cobalt stocks be far behind?

[Fruehrentner]

Antwort auf Beitrag Nr.: 37.854.763 von pisa am 26.08.09 12:59:33

hervorragender Artikel, danke

[tgfn]

bis zum nächsten Einspruch dürfen se jetzt mal mit dem Auto fahren

September 15, 2009
Permanent Access Across Blackbird Mine Site Authorized for Formation's Cobalt Project
Vancouver, B.C., September 15, 2009, Formation Capital Corporation (FCO-TSX), has been informed by its wholly owned subsidiary, Formation Capital Corporation, U.S. ("the Company") that the Seventh District Court of the State of Idaho received a report from the Commissioners (see September 09, 2008 Company News Release) and issued a formal Notice of Report of Commissioners and Award. This Notice, followed by the tender of the award, gives the Company the Right of Way to proceed with access across the historic Blackbird Mine Site for the purpose of mining cobalt from its 100% owned Idaho Cobalt Project, in accordance with State of Idaho Statute 47-902, Rights of Way and Easements for Development of Mines. The Blackbird Mine Site is indirectly owned by Swiss based Xstrata PLC through its subsidiaries Noranda Mining Inc. and the Blackbird Mining Company.

The Commissioners' letter to the district court Judge stated they had unanimously determined a dollar value for the easement payable to the land owners in the amount of US $52,500. As with any legal proceeding this determination may be subject to appeal. Notwithstanding, payment in full of this one time compensation has been tendered thus satisfying the State of Idaho Statute 47-908, which states;

"Upon the payment of the sum assessed as [compensation] as aforesaid, to the persons to whom it is awarded, ... then the person petitioning...may immediately proceed to occupy the same and erect thereon such works and structures, and make therein such excavations, as may be necessary to the use and enjoyment of the right of way so awarded.

"Although not unexpected, to have this behind us is very welcome news", stated Bill Scales, President of Formation Capital Corporation, U.S. He continued, "This will allow us to move quickly to begin road upgrades necessary to move mine equipment to the mine site after we have posted the reclamation bond and sorted out the last few details". The Company has already stored mine equipment in staging areas near the mine site that include the ball mill, flotation cells, vibratory feeders, grizzly and hoppers, crusher and concentrator buildings, power transformer and parts for the aerial tram that will deliver ore to the mill.

Formation Capital Corporation is dedicated to the principles of environmentally sound mining and refining practices, and believes that environmental stewardship and mining can co-exist. The Company trades on the Toronto Stock Exchange under the symbol FCO.

Formation Capital Corporation
"Mari-Ann Green"
Mari-Ann Green,
C.E.O.

[tgfn]

könnte ein bischen knapp werden, der Stoff

Volatility forecast for 2010 cobalt supply, prices
New LME cobalt contract could add to unpredictability
Tom Stundza -- Purchasing, 9/2/2009 2:30:26 PM EDT
Buyers may see erratic and volatile supply of cobalt in coming months as the U.S. government and a major world producer abandon the market and the London Metal Exchange (LME) begins spot and futures trading early next year. That's the view of Paul Helsel, partner and founder of Pittsburgh-based Phoenixx International, speaking at an Institute of Scrap Recycling Industries (ISRI) conference last week in Farmington, Pa.

Cobalt is used in numerous diverse commercial, industrial and military applications--ranging from rechargeable battery electrodes to superalloys--many of which are strategic and critical. Spot cathode sold in the U.S. in August averaged $20.03/lb, according to calculations posted on Purchasingdata.com, as the metal has progressed upward from a cyclical low of $14.25 in March.

More than 80% of cobalt used in the U.S. is imported, which may increase in 2010 since the U.S. Defense National Stockpile Center is down to 600,000 lb in inventory, compared with 96 million lb at the peak in 1992. The stocks "will be depleted by the end of this calendar year, or certainly within 6 months," Helsel tells the ISRI conference. "That throws out a big swing supplier."

The global market is bound to be affected by BHP Billiton's withdrawal from the cobalt market, Helsel says, since it will leave Switzerland's Glencore International, which markets other material for remaining cobalt ore processor Xstrata, in control of a lot of the high-grade cobalt. BHP Billiton last week announced its withdrawal from the cobalt spot market, following the end of its tolling agreement with Xstrata.

"That, along with the LME, could be a recipe for extreme volatility," Helsel says, referring to the imminent launch of cobalt trading on Feb. 22, 2010, and the need for the market to obtain sustainable and stable liquidity. Helsel worries that the first few months of trading will show a decoupling the LME futures and the physical spot markets.

Atop all that, Platts Metals Week newsletter reports that Zambia's cobalt producer,

Chambishi Metals, is postponing the resumption of cobalt production indefinitely until there is further improvement in the price of cobalt to between $24 and $30/lb. The company shut the cobalt plant in December 2008, following a slump in the world price of cobalt below $10/lb. Until its shutdown, Chambishi Metals was Zambia's largest producer, producing 3,500 metric tons/year.

Production had been due to restart in July but has been delayed and now postponed, according to CEO Derek Webbstock, who says it would not make sense to resume production when the world price remains low. Platts says this week's 99.8% high-grade cobalt price is $21.50/lb delivered to the U.S.

[Fruehrentner]

Danke für die Infos, tgfn.

Welche Cobalt-Aktien gibt es noch, von Geovic mal abgesehen?

[tgfn]

ein paar findest du da

http://siliconinvestor.advfn.com/subjectrevisions.aspx?subje…

[Videomart]

Long-term cobalt to average $10 per lb as supply builds, demand growth slows - CRU

London, 13 October 2009 - Cobalt prices may improve next year from 2009 levels below $20 per pound but, further ahead, will average $10 as the supply/demand picture alters, Eric Taarland, senior consultant at industry analysts CRU, said on Tuesday.

"We expect prices to remain below $20 per pound for the rest of 2009 and prices to firm in 2010," he said at an LME minor metals presentation today. "But as [new] supply comes on-stream, our long-term average remains $10 for 99.30 percent low-grade [metal]."

On the demand side, which is underpinned by the chemicals and super-alloys sectors, growth will not continue at the average rate of 5.6 percent seen over the last decade. Instead, it will fall to around three percent.

Meanwhile, more availability is on the cards, as the demand boom seen in recent years has prompted the establishment of several fresh projects.

"This could cause serious oversupply, although the downturn could put some of those at risk," Taarland said.

(Editing by Mark Shaw)

http://www.minormetals.com/news/editorial.aspx?GUID=60910131…

[scout]

Wieder mal ein Lebenszeichen:

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 6, 2009) - Formation Capital Corporation (TSX:FCO - News; the "Company") is pleased to announce that a very productive meeting was held in Ogden, Utah, on November 03, 2009, between representatives of the United States Department of Agriculture Forest Service (the "Forest Service") and Company representatives. All substantive issues surrounding the Company's Mine Plan of Operations (the "MPO") for its 100% owned Idaho Cobalt Project (the "ICP"), including reclamation bonding requirements, were addressed.

At the conclusion of the day-long meeting, key representatives from both the Company and the Forest Service had established the critical tasks required to finalize the ICP's MPO. The preparation of the paperwork to complete these tasks is in progress and the Company is optimistic that this can be completed by the end of November.

"We are very pleased with the outcome of the meeting and appreciate the Forest Service's willingness to meet and work with us on these last remaining issues," stated Mari-Ann Green, Chairman and CEO of Formation Capital Corporation, who was present at the meeting. "These developments will assist the Company's efforts to secure the necessary funding for project development."

Formation Capital Corporation is dedicated to the principles of environmentally sound mining and refining practices, and believes that environmental stewardship and mining can co-exist. The Company trades on the Toronto Stock Exchange under the symbol FCO.

Formation Capital Corporation

Mari-Ann Green, C.E.O.

Den von mir fett markierten Satz finde ich erschreckend, um nicht zu sagen empörend. Da muß sich die Firma bei einer Berhörde noch dafür bedanken, daß diese mit dem Kunden (FCO) zusammenarbeiten will (endlich?), nachdem eben diese Behörde alles bisher möglichst verzögert hat. Unglaublich, dachte nicht, daß das in den USA möglich ist.
Scout

[Smallcappicker]

Hier das nächste Lebenszeichen. Muss mir die Aktie und die Entwicklung seit meinem Gespräch mit Mari-Ann Green nochmal genauer anschauen. Damals kam ich leider einen Tag zu spät wegen dem Private Placement bei 0,25 CAD. Heute sind die Aktien wieder auf einem ähnlichen Niveau - halt ohne Warrants.

Hier die Meldung:

Monday, November 09, 2009


Formation Capital Corporation Announces Name Change and Share Consolidation

--------------------------------------------------------------------------------


Vancouver, B.C., November 09, 2009, Formation Metals Inc. (formerly "Formation Capital Corporation") (FCO-TSX) (the "Company") announced today that, in preparation for commencing the finance phase of construction of the 100% owned Idaho Cobalt Project, the Company's name has been changed to "Formation Metals Inc." and all of its issued and fully paid common shares without par value have been consolidated on a 7 old for 1 new share basis. Upon the name change becoming effective for trading purposes on the TSX, the consolidated shares of the Company will continue to trade under the symbol "FCO".

"Formation Metals more accurately reflects the coming changes in the Company as we move the Idaho Cobalt Project to production. The share consolidation provides the Company more flexibility to negotiate the best possible arrangements for financing the capital costs of the project", stated said Mari-Ann Green, Chairman and CEO. "This is a new era for the Company and the new share structure will align the Company with a peer group of base metal produces."

Letters of Transmittal will be sent advising that one (1) common share of Formation Metals Inc. will be issued in exchange for every seven (7) common shares of Formation Capital Corporation outstanding. No fractional shares will be issued. The Toronto Stock Exchange has conditionally approved the name change and consolidation and it is anticipated that the Company's common shares will commence trading on the TSX on a consolidated basis under the name Formation Metals Inc. and stock symbol "FCO" on or about November 13, 2009.

Formation Metals Inc. is dedicated to the principles of environmentally sound mining and refining practices, and believes that environmental stewardship and mining can co-exist. The Company trades on the Toronto Stock Exchange under the symbol FCO.

Formation Metals Inc.
"Mari-Ann Green"
Mari-Ann Green,
C.E.O.


For further information please contact:
E.R. (Rick) Honsinger, P.Geo. V.P. Corporate Communications
Formation Metals Inc., 1730 -- 999 West Hastings Street, Vancouver, BC, V6C 2W2
Tel: [phone] - Email: [e-mail] -- Web: formcap.com

[scout]

Antwort auf Beitrag Nr.: 38.338.632 von scout am 06.11.09 20:00:01

Nun, vielleicht spricht es sich nun doch langsam herum, dass die Mine wirklich gebaut wird. Wahrscheinlich werden die Anleger aber weiterhin zuwarten, bis die Finanzierungsdetails bekanntgegeben werden. Aber ich habe das Vertrauen in Mari-Ann, dass sie die Finanzierung einigermaßen ausgewogen für uns Altaktionäre hinbekommt (d.h. ohne gigantische Verwässerung unseres bisherigen Aktienanteils).
Scout

[wallw]

Antwort auf Beitrag Nr.: 38.354.881 von scout am 10.11.09 11:19:57

Guten Tag zusammen!

Bin ganz neu hier in diesem Thread und habe mal eine Frage zu Formation Metals mit der Aktienkonsolidierung.
7 alte Aktien zu 1 neuen Aktie, ist das vergleichbar wie ein Aktiensplit? Oder liege ich ganz falsch? Wenn bei der Aktien ein Split ausgeführt wird, ist es ja besser noch ein paar Tage zu warten oder?

Danke für eure Meinung

wallw


Formation Capital Corporation meldet Namensänderung und Aktienkonsolidierung

Vancouver (British Columbia), 9. November 2009. Formation Metals Inc. (ehemals Formation Capital Corporation) (FCO-TSX) (das Unternehmen) gab heute bekannt, dass der Name des Unternehmens als Vorbereitung für den Beginn der Finanzierungsphase der Errichtung des zu 100 % unternehmenseigenen Projektes Idaho Cobalt in Formation Metals Inc. geändert wurde, und dass sämtlichen emittierten und vollständig bezahlten Stammaktien ohne Nennwert auf einer Basis von 7 alten Aktien zu 1 neuen Aktie konsolidiert wurden. Sobald die Namensänderung für den Handel an der TSX in Kraft tritt, werden die konsolidierten Aktien des Unternehmens unter dem Kürzel FCO an der Börse notieren

[scout]

Antwort auf Beitrag Nr.: 38.361.620 von wallw am 10.11.09 22:55:05

Hallo wallw,
also ich würde jetzt warten. Denn selbst wenn die Firma das Symbol FCO in Kanada beibehält wird es eine neue Wertpapierkennummer geben. D.h. die vor dem Stichtag gekauften Aktien müssen gewandelt werden und die neuen stehen meist erst Wochen später zur Verfügung. (Für eine Langfristanlage sollte dies allerdings keine Rolle spielen). Außerdem würde ich die Reaktion der Börse auf den gestern Abend veröffentlichten Finanzierungsplan abwarten.
Reverse Splits wie hier bei FCO führen meiner Erfahrung nach fast nie zu nennenswerten Kurssteigerungen, da sie meist nur aus optischen Gründen oder wegen Zulassungsgründen an Börsen oder wegen Beschränkungen beim Kauf durch Fonds etc. gemacht werden. Auch bei FCO wurde der Reverse Split klar wegen der besseren Absatzmöglichkeiten der Anleihen bei professionellen Anlegern gemacht.
Fundamental hat sich bei FCO allerdings nun doch etwas geändert: Es kann nun wirklich keinen Zweifel mehr daran geben, daß die Mine gebaut wird. Dies sollte sich doch endlich positiv auswirken. Weiters kann man vielleicht davon ausgehen, daß die drohende Verwässerung des Aktienkapitals bereits in der sehr enttäuschenden Kursentwicklung der letzten Wochen vorweggenommen wurde. Ein ganz kleiner Lichtblick ist auch, daß der Aktienkurs sich gestern Abend in Toronto unmittelbar nach Veröffentlichung des Finanzierungsangebotes von 25 cents auf wieder 27 cents erholt hat.
Scout

[wallw]

Antwort auf Beitrag Nr.: 38.363.045 von scout am 11.11.09 09:51:22

Hallo scout,

Danke für deine Meinung. Denke ich warte dann noch mit dem Kauf. Laut der PR wird die Namensänderung ab dem 13/11/2009 in Kraft treten. Aber wenn du sagst, dass es noch Wochen dauert bis die neuen Aktien zu Verfügung stehen, werde ich mich noch etwas gedulden müssen. Weil, wenn ich jetzt zuschlage tritt ja die 7 alte für 1 neue Regel in Kraft, dann habe ich ja automatisch weniger Aktienanteile? Zum Beispiel: Ankauf von 7000 Aktien bleiben 1000 Aktien,oder?
So gesehen ist das für die Altaktionäre schon ärgerlich, dass sich der Aktienanteil an Formation Metals verringert, da sie ja jahrelang die Aktien der Gesellschaft eingesammelt haben und nun gezwungen sind neue Aktien nach zu kaufen.

Naja, du als Aktionär von Formation Metals wirst ja dann in der gleichen Situation sein und muss nach kaufen, um wieder einen schönen Aktienbesitz von Formation Metals zu haben.

wallw

[burgljoschi]

Antwort auf Beitrag Nr.: 38.363.975 von wallw am 11.11.09 11:34:36

Sorry ,
aber das ist ziemlicher Blödsinn. Die Aktienzahl sinkt, aber deshalb ändert sich an der Bewertung doch nichts. Beispiel:

Firma hat 1 Mio Aktien ausgegegebn; Kurs 16cent; Börsenwert damit T€ 160. nun kommt der Aktiensplit 1:10

Das heisst nur noch 100.000 Aktien; Kurs jetzt 1,6 Euro; damit Börsenwert T€ 160.

Du verstehen?

Und natürlich sind die neuen Aktien sofort handelbar und nicht erst nach Wochen;

[scout]

Antwort auf Beitrag Nr.: 38.363.975 von wallw am 11.11.09 11:34:36

Hallo wallw,
ich glaube ein paar Dinge präzisieren zu müssen, um nicht missverstanden zu werden:
1) Die Verwässerung tritt nicht mit dem Reverse Split ein, sondern erst mit der späteren Wandlung von Anleihen und Warrants in Aktien. Der Reverse Split ist prinzipiell völlig neutral, denn der Aktienkurs ist zumindest rechnerisch nach dem Split 7x so hoch wie vor dem Split. D.h. aber auch, daß die Verwässerung auch die neuen Aktien betrifft. Hier gibt es keinen Unterschied!!!
2) Wenn Du am 13.11. (wenn es wie geplant so bleibt) in Toronto kaufst, kaufst Du auf alle Fälle neue Aktien. In Deutschland sollte es eigentlich auch so sein, da muß man aber höllisch aufpassen. Vielleicht ist die Aktie an diesem Tag hier ausgesetzt.
3) Das "es dauert vielleicht Wochen, bis die neuen Aktien zur Verfügung stehen" betrifft nur Aktien die vor dem Split erworben wurden und im Depot liegen. Üblicherweise bekommt man von der Bank eine Mitteilung folgender Art:

Die Gesellschaft XYZ hat per Ex-Tag xx.yy.zzzz einen obligatorischen Umtausch der Wertpapierkennummer im Verhältnis ..... beschlossen. Wir buchen Ihnen daher Ihren Altbestand aus und gegen Stück ..... auf Verwahrart "nicht belieferter Depotbestand" zu. Die zugebuchten Aktien sind derteit nicht verfügbar. Sobald die Aktien bei unserer Lagerstelle eingegeangen sind, können Sie über die neuen Stücke verfügen. Das kann bis zu ....Wochen dauern.

D.h. alte Aktien können nach dem Split-Tag ein paar Wochen nicht verkaufbar sein. Alle nach dem 13.11. gekauften können auch am gleichen oder nächsten Tag schon wieder verkauft werden.

Scout

[wallw]

Antwort auf Beitrag Nr.: 38.365.112 von scout am 11.11.09 13:57:51

Hallo scout,

danke für die ausführlichen Erklärungen. Tut mir leid, wenn ich was Verwirrung im diesem Thread bringe. Jetzt weiß ich aber bescheid.

Schon mal danke

wallw

[wallw]

Antwort auf Beitrag Nr.: 38.365.266 von wallw am 11.11.09 14:14:51

tja, hätte ich mal besser gekauft...

[scout]

Antwort auf Beitrag Nr.: 38.397.074 von wallw am 16.11.09 18:34:44

Hallo wallw,
ich glaube nicht, daß Du irgendwie verzweifelt sein mußt. Der Kurs in Toronto ist derzeit rund 8 % höher als vor dem Split und ca 11% höher als am Freitag. Also was soll's? Am Freitag hättest Du wahrscheinlich ohnehin nicht kaufen können, denn in Deutschland war der Kurs - wie von mir vorhergesagt - ausgesetzt, und ob eine deutsche Bank am Freitag einen Auftrag nach Toronto weiterleiten konnte, wage ich fast zu bezweifeln. Wenn Du unbedingt einsteigen willst, dann tue es vielleicht mit ca. 30% - 40 % des geplanten Umfangs und setze für den Rest Abstauberlimits 10% bis 15% unter dem heutigen Toronto-Kurs.
Das würde zumindest ich tun. Aber da ich leider nicht in die Zukunft blicken kann, kann diese Empfehlung auch völlig falsch sein.
Ich wünsche ein glückliches Händchen!
Scout

[Videomart]

Formation Metals: Top-Chance im Kobalt-Sektor
B.Junker am 16.11.2009, 09:18 (Gastkommentar)

Denn Formation (WKN A0YEA0) befindet sich bereits in einem fortgeschrittenen, sehr interessanten Abschnitt der Unternehmensentwicklung. Derzeit steht man am Ende der Machbarkeitsuntersuchungen und des Genehmigungsprozesses und damit auf der Schwelle zur Konstruktions- und Start-up-Phase.

Laut einer Machbarkeitsstudie aus dem Jahr 2007 verfügt die Ram-Lagerstätte auf dem ICP-Projekt über Reserven von 2,64 Millionen Tonnen mit Gehalten von 0,56% Kobalt, 0,60% Kupfer und 0,014 Unzen Gold pro Tonne der Kategorien nachgewiesen und wahrscheinlich. Und hinzu kommen gemäß eines NI 43-101 konformen Berichts noch einmal 33,3 Millionen Pfund Kobalt, 32,9 Millionen Pfund Kupfer und 41.400 Unzen Gold der Kategorien gemessen und angezeigt, sowie 13,3 Millionen Pfund Kobalt, 17,8 Millionen Pfund Kupfer und 19.000 Unzen der Kategorie geschlussfolgert.

Das würde laut Unternehmen für ein Minenleben von über 10 Jahren – 14, wenn man die geschlussfolgerten Ressourcen hinzunimmt – reichen. Bei einer geplanten Produktion von 1.500 Tonnen hochreinem Kobalt pro Jahr, wenn die Anlagen erst einmal in Betrieb sind! Der Clou am Plan von Formation: Man errichtet eine Verarbeitungsanlage, die neben dem Hauptprodukt Kobalt auch Kupfer – geplant sind 5 Millionen Pfund pro Jahr - und Edelmetalle produziert.

Und das sollte sich lohnen: Formation rechnet bei einem Preis von 22,52 Dollar je Pfund Kobalt mit einer internen Rendite (IRR) von 22,3%, einem Kapitalwert (NPV, Discount von 7,5%) von über 87 Millionen Dollar und bereits im ersten Jahr mit einem Ebitda (Gewinn vor Zinsen, Steuern und Abschreibungen) von fast 44 Millionen Dollar. Bei einem Anstieg des Kobalt-Preises auf 27,52 Dollar pro Pfund würden sich diese Werte bereits auf 34,18% (IRR), 167,5 Millionen Dollar (NPV) und rund 58 Millionen Dollar (Ebtida) erhöhen.

Bis dahin hat Formation Capital allerdings noch eine Menge Arbeit vor sich. Allerdings hat sich die Lage vor Kurzem entscheidend verbessert, denn wie das Unternehmen mitteilte, legte das US-Ministerium für Land- und Forstwirtschaft gemeinsam mit Formation nun die wesentlichen Rahmenbedingungen für den Abschluss der Abbauplanung für das IPC-Projekt fest. Die notwendigen Dokumente will Formation bis Ende dieses Monats zusammen haben, sodass dann eine deutlich verbesserte Planungssicherheit bestehen sollte.

Das wiederum hat die Bemühungen um eine Finanzierung des Projektausbaus wesentlich erleichtert – und Formation Metals hat auch gleich den nächsten Schritt getan und bekannt gegeben, dass man bis zum 15. Dezember bis zu 115 Millionen US-Dollar und 45 Millionen kanadische Dollar über die Ausgabe von besicherten Anleihen und Aktienoptionen erlösen will. Womit das Projekt, Formation veranschlagt Kosten von rund 138 Millionen Dollar, bis zur Produktion durchfinanziert wäre.

Viel hängt für Formation natürlich von der Entwicklung des Kobaltpreises ab. Dieser hat sich von seinen Tiefs bereits wieder deutlich erholt, doch gehen wir davon aus, dass insbesondere hochreines Kobalt sich weiter verteuern wird. Denn erst vor einiger Zeit hat sich der Minenriese BHP Billiton aus dem Markt zurückgezogen und auch der Kobaltproduzent Chambishi Metals aus Sambia beginnt gerade erst, seine Produktion nach einer längeren Pause wieder hochzufahren, sodass der Markt mittlerweile zu einem großen Teil von der in der Schweiz ansässigen Xstrata kontrolliert wird. Hinzu kommt, dass die London Metal Exchange (LME) beabsichtigt, den Handel mit der Gruppe der so genannten „Minor Metals“ aufzunehmen, zu der auch Kobalt gehört.

Wir werden uns des Themas Kobalt in naher Zukunft noch ausführlicher annehmen, da eine ausführliche Untersuchung den Rahmen dieses Berichts sprengen würde. Angesichts der neuesten Informationen von und zu Formation, insbesondere auf Grund der kurz bevorstehenden Projektfinanzierung, sind wir aber der Ansicht, dass jetzt ein ausgezeichneter Zeitpunkt sein könnte, sich bei Formation Metals Inc. (WKN A0YEA0) zu engagieren.

Anleger, die dabei sein wollen, wenn Formation die nächsten Entwicklungsschritte hin zum Produzenten macht, sollten sich unserer Meinung jetzt positionieren, denn wir gehen davon aus, dass bald nach Abschluss der Finanzierung ein Newsflow zur Projektentwicklung einsetzt, der die Aktie beflügeln könnte.

Um den jüngsten Entwicklungen im Unternehmen, insbesondere dem Eintritt in die Finanzierungsphase, gerecht zu werden, hat man sich von Formation Capital in Formation Metals Inc. – das Symbol an der Börse Toronto ist weiterhin FCO – umbenannt und einen Reversesplit im Verhältnis von 7:1 durchgeführt.

Bei jetzt noch rund 34,5 Millionen ausstehenden Aktien und einem Kurs von 1,60 CAD weist Formation ein Marktkapitalisierung von 55,2 Millionen kanadischen Dollar aus, was unserer Ansicht nach deutliches Steigerungspotenzial birgt. Seien Sie sich aber des Riskos bewusst, das Minenfirmen auch in diesem bereits fortgeschrittenen Stadium der Entwicklung aufweisen und sichern Sie eventuelle Positionen über Stop-Loss-Orders ab.


http://www.de.sharewise.com/finanznachrichten/11848-Formatio…

[TheQueenIsDead]

hat sich ja nicht schlecht entwickelt seit dem Reversesplit die Aktie. Mal abwarten, wie das alles mit der Finanzierung läuft, aber imho sieht es im Moment gar nicht so schlecht aus

[TheQueenIsDead]

das volumen leidet durch den höheren Kurs nach Reverse Split aber schon...

[TheQueenIsDead]

hier mal nen aktuelles Interview:

http://rohstoffe.wallstreet-online.de/rohstoffe/nachricht/28…

[TheQueenIsDead]

mal nen schöner grüner Tag auf der anderen Seite des grpßten teichs gestern

[scout]

Es ist geschafft!!! Endlich.
Formation Metals Inc. Receives Approval From Forest Service to Begin Construction on Idaho Cobalt Mine

* Press Release
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 9, 2009) - Formation Metals Inc. (TSX:FCO - News; "Formation") has been informed by its 100% owned subsidiary, Formation Capital Corporation, U.S., (the "Company") that the Company and the United States Department of Agriculture - Forest Service, Salmon Challis National Forest, Salmon/Cobalt ranger District (the "Forest Service") have signed the "Forest Service Evaluation" which approves and finalizes the Company's Mine Plan of Operations for its 100% owned Idaho Cobalt Project (the "ICP").
"What this means," stated Bill Scales, President of Formation Capital Corporation, U.S., "is that the Company can now begin construction activities for the mining and milling operations for the ICP. We can now refer to the Idaho Cobalt Project as the Idaho Cobalt Mine. The Forest Service and the Company have worked very hard to develop a Mine Plan that is economically viable, socially beneficial and environmentally sound. We are pleased to finally be able to get underway."

The Forest Service Evaluation states, "This Plan of Operation, including all provisions made herein and attachments thereto, meeting requirements under 36 CFR 228.4, are approved and mutually agreed upon by the UNITED STATES OF America, acting through the USDA-Forest Service, Salmon Challis National Forest, Salmon/Cobalt ranger District and (Formation Capital Corporation, U.S.):"

The financial assurance for reclamation of the ICP has been estimated at US$29.6 million and will be staged commensurate with certain disturbances. The portion of the bond required for surface reclamation is approximately US$9.1 million while the remaining portion is for long term water treatment, should it prove to be necessary. The Company is currently negotiating a suitable financial instrument that will cover the financial assurance obligation while minimizing the outlay of corporate funds.

The project construction will be completed in three stages. Stage I is planned for snow and frozen conditions for the period from January 2010 to March 2010 and the Company has already forwarded funds to put the appropriate surface bond in place. This first stage will consist of timber clearing operations for the tailings and waste rock storage facility, topsoil stock pile area, roads around the mill site and concentrator pads. Stage II is scheduled for second quarter of 2010 and will see facility construction and mine development fully underway. Stage III allows for mine development below the water table and is scheduled for the fourth quarter of 2010.

Mari-Ann Green, Chairman and C.E.O. of Formation Metals Inc. stated, "I commend the efforts of the Forest Service and our operational team in finalizing the Mine Plan of Operations. We now have a clear path forward to start construction. Once mine financing is in place, we can build the mine and commence cobalt production in early 2011."

Formation Metals Inc. is dedicated to the principles of environmentally sound mining and refining practices, and believes that environmental stewardship and mining can co-exist. The Company trades on the Toronto Stock Exchange under the symbol FCO.

Formation Metals Inc.

Mari-Ann Green, C.E.O.

The statements contained in this news release in regard to Formation Metals Inc that are not purely historical are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including Formation Metals Inc.'s beliefs, expectations, hopes or intentions regarding the future. All forward-looking statements are made as of the date hereof and are based on information available to the parties as of such date. It is important to note that actual outcome and the actual results could differ from those in such forward-looking statements. Factors that could cause actual results to differ materially include risks and uncertainties such as technological, legislative, corporate, commodity price and marketplace changes.
Contact:

E.R. (Rick) Honsinger, P.Geo.
Formation Metals Inc.
V.P. Corporate Communications
604-682-6229
604-682-6205 (FAX)
[e-mail]
www.formationmetals.com

[TheQueenIsDead]

sehr schön und in Kanada ging es ja auch schön hoch

das hier war gerade in meinem Postfach:

Entscheidende Hürde genommen: Formation Metals kann mit Bau von Kobaltmine beginnen.


Exzellente, entscheidende Neuigkeiten von unserem jüngsten Top-Pick aus dem Kobaltsektor Formation Metals. Wie gestern über den Ticker lief, hat das Unternehmen die lang erwartete Zustimmung zum Minenplan für das ICP-Kobaltprojekt im US-Bundesstaat Idaho erhalten. Das bedeutet, so Formation President Bill Scales, dass sein Unternehmen ab sofort mit dem Bau der Kobalt-Mine beginnen kann!

Um genau zu sein, kann Formation Metals (WKN A0YEA0) ab jetzt von einer Kobalt-Mine sprechen statt von einem Kobalt-Projekt. Jetzt muss das Unternehmen noch Sicherheiten für die Rückgewinnung des Geländes nach Ende des Abbaus in Höhe von insgesamt geschätzten 29,6 Millionen Dollar hinterlegen, was man durch ein Finanzinstrument erledigen will, dass möglichst geringe festzulegende Mittel bindet.

Wichtig auch: Dass die Genehmigung des Minenplans nun vorliegt, sollte es Formation Metals erheblich erleichtern, die geplante Projektfinanzierung in Höhe von rund 160 Millionen Dollar bis zum 15. Dezember abzuschließen, wie es vorgesehen war. Denn die Planungssicherheit erhöht sich durch die aktuelle Entscheidung deutlich.

Geplant ist der Bau der Mine in drei Phasen, deren erste Schnee und gefrorenen Boden voraussetzt und von Januar bis März 2010 laufen soll – wofür das Unternehmen bereits die entsprechenden Mittel bereitstellt. Hierbei wird vor allem das Gelände für die späteren Bauten und Anlagen vorbereitet. Die zweite Phase ist für das zweite Quartal eingeplant und dann erfolgt die Errichtung der Infrastruktur und der Mine. In der dritten Phase ist die Minenentwicklung unterhalb des Wasserspiegels geplant, die im vierten Quartal 2009 erfolgen soll.

Entsprechend positiv gestimmt ist Mari-Ann Green, Vorsitzende und C.O von Formation Metals, die sich erfreut zeigt, dass nun der Weg voran frei und klar sei. Sie geht davon aus, das Formation bereits Anfang 2011 mit der Kobaltproduktion beginnen kann!

Die gerade gemeldete Genehmigung des Minenplans ist unserer Ansicht nach ein entscheidender Schritt, den Formation Metals auf dem Weg zur Produktion erfolgreich hinter sich gebracht hat. Dies sollte auch dafür sorgen, dass das Unternehmen wie geplant und im Zeitrahmen den Vollzug der Projektfinanzierung abschließen kann. Wer noch nicht dabei ist, sollte unserer Ansicht nach das aktuelle Kursniveau nutzen, um sich an diesem äußerst aussichtsreichen Unternehmen zu beteiligen, dessen Plan zu einem der größten Kobaltproduzenten der westlichen Welt aufzusteigen, wie wir denken, durchaus Realität werden könnte.

GOLDINVEST.de bietet seinen Lesern Hintergrundberichte und aktuelle Kommentare zum Geschehen an den Rohstoffmärkten und verfolgt die Entwicklung ausgewählter Minengesellschaften aus dem Bereich der Edelmetalle, Basismetalle und sonstiger Rohstoffe. Weitere Informationen unter: www.goldinvest.de

Die hier angebotenen Artikel stellen keine Kauf- bzw. Verkaufsempfehlungen dar, weder explizit noch implizit sind sie als Zusicherung etwaiger Kursentwicklungen zu verstehen und GOLDINVEST.de und seine Autoren schließen jede Haftung diesbezüglich aus. Die Artikel und Berichte dienen ausschließlich der Information der Leser und stellen keine wie immer geartete Handlungsaufforderung dar. Zwischen GOLDINVEST.de und den Lesern dieser Artikel entsteht keinerlei Vertrags- und/oder Beratungsverhältnis.

Quelle: www.goldinvest.de

[TheQueenIsDead]

Mahlzeit, noch was Neues gefunden:

http://rohstoffe.wallstreet-online.de/rohstoffe/nachricht/28…

auf Englisch ist die News dazu draußen, deutsche Version hab ich aber noch nicht gesehen...

[tgfn]

Antwort auf Beitrag Nr.: 38.674.804 von TheQueenIsDead am 06.01.10 13:34:35

mich würd ja immer noch interessieren, unter welchen Vorraussetzungen die 2% von Coronation auf 10% erhöht werden können.
Hat irgendjemand nen Schimmer?

[TheQueenIsDead]

!

Dieser Beitrag wurde vom System automatisch gesperrt. Bei Fragen wenden Sie sich bitte an [e-mail]

[TheQueenIsDead]

!

Dieser Beitrag wurde vom System automatisch gesperrt. Bei Fragen wenden Sie sich bitte an [e-mail]

[TheQueenIsDead]

es gibt ein neues Interview zu Formation hier auf w:o

mal in der Rubrik Rohstoffe schauen

[Fruehrentner]

Antwort auf Beitrag Nr.: 38.926.706 von TheQueenIsDead am 11.02.10 15:41:35

danke, hast du einen direkten link dorthin?

[TheQueenIsDead]

ja, aber das System lässt ihn mich nicht posten

[Fruehrentner]

Antwort auf Beitrag Nr.: 38.927.176 von TheQueenIsDead am 11.02.10 16:20:48

[Fruehrentner]

!

Dieser Beitrag wurde vom System automatisch gesperrt. Bei Fragen wenden Sie sich bitte an [e-mail]

[Fruehrentner]

!

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[Fruehrentner]

Antwort auf Beitrag Nr.: 38.927.176 von TheQueenIsDead am 11.02.10 16:20:48

Sehr geehrtes Community-Mitglied,

Ihr Beitrag wurde von unserem System automatisch entfernt. Die automatische Löschung wird angewandt, wenn der Verdacht besteht, dass Urheberrechte bzw. Persönlichkeitsrechte Dritter verletzt werden.
Sollten Sie weitere Fragen dazu haben können Sie sich gern unter [e-mail] an uns wenden.

Vielen Dank
Herzliche Grüße
Ihr wallstreet:online-Team


tatsächlich!

[Fruehrentner]

!

Dieser Beitrag wurde vom System automatisch gesperrt. Bei Fragen wenden Sie sich bitte an [e-mail]

[Fruehrentner]

!

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[Fruehrentner]

!

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[Fruehrentner]

dann eben so:

http://www.goldinvest.de/public/story_detail.asp?l=&c=10,200…

[hobiewaters]

Guten Abend,
bin bei goldinvest auf den aktuellen Artikel über FCO gestossen.

Weiss Jemand den Grund, warum sich das Projekt seit Anfang Dez. 09 verzögert hat, eigentlich wollten sie doch im Jan. mit dem Bau beginnen?

Gruß
hobiewaters

[TheQueenIsDead]

da hat sich doch nichts verzögert. Lies den Text

Sie haben im Dezember die abschließende Genehmigung bekommen. Die erste Bauphase läuft und man beginnt, wie vorgesehen, als erstes mit der Vorbereitung des Geländes - Bäumefällen und so:

aus der PM vom 09. Dezember:

Die Errichtung des Projektes wird in drei Phasen erfolgen. Phase I ist geplant zwischen Januar und März 2010 und auf Schnee- und Frostbedingungen ausgelegt; das Unternehmen stellte bereits Gelder bereit, um die entsprechende Oberflächensanierung durchzuführen. Diese erste Phase wird aus der Rodung von Nutzholz für die Auffangbecken (Tailings) und Taubgesteinlager, Humuslager, Straßen am Mühlenstandort und Konzentratorplatten bestehen. Phase II soll im zweiten Quartal 2010 stattfinden und die Errichtung der Anlagen und der Mine umfassen. Phase III ist für das vierte Quartal geplant und soll die Minenerschließung unterhalb des Grundwasserspiegels ermöglichen.

[hobiewaters]

Antwort auf Beitrag Nr.: 38.932.184 von TheQueenIsDead am 12.02.10 10:20:08

aus #430:
Wichtig auch: Dass die Genehmigung des Minenplans nun vorliegt, sollte es Formation Metals erheblich erleichtern, die geplante Projektfinanzierung in Höhe von rund 160 Millionen Dollar bis zum 15. Dezember abzuschließen, wie es vorgesehen war. Denn die Planungssicherheit erhöht sich durch die aktuelle Entscheidung deutlich.

Geplant ist der Bau der Mine in drei Phasen, deren erste Schnee und gefrorenen Boden voraussetzt und von Januar bis März 2010 laufen soll – wofür das Unternehmen bereits die entsprechenden Mittel bereitstellt. Hierbei wird vor allem das Gelände für die späteren Bauten und Anlagen vorbereitet. Die zweite Phase ist für das zweite Quartal eingeplant und dann erfolgt die Errichtung der Infrastruktur und der Mine. In der dritten Phase ist die Minenentwicklung unterhalb des Wasserspiegels geplant, die im vierten Quartal 2009 erfolgen soll.

- Abschluss der Finanzierung über 160 M$ bis 15.12.2009
- Bau der Mine+Infrastruktur im Q2 2010, Q2 beginnt ja schon in 2 Wochen ....

daher mein EIndruck, dass es sich etwas verzögert, vielleicht aber auch falsch verstanden ...?

Gruß
hobie

[TheQueenIsDead]

Antwort auf Beitrag Nr.: 38.934.731 von hobiewaters am 12.02.10 15:09:16

okay, da haste recht: Die Finanzierung ist nicht durch wie geplant. aber ist ja auch nicht so einfach.

hat aber (noch) keine Auswirkungen auf den, planmäßig laufenden, ersten Teil der Minenkonstruktion, wenn man den Aussagen im Interview Glauben schenken darf: sie haben die Kohle und Phase I ist mit Auswahl der Auftragnehmer angelaufen.

d.h. solange sie bis zum Frühjahr die Finanzierung hinbekommen ist noch alles in Butter.

Ist jedenfall meine Lesart...

[zechn16]

schaut momentan vielversprechend aus, vor allem wenn man bedenkt wo formation kursmäßig schon einmal war!

[hansi_987]

tach,
8,6 mio cad haben sie eingenommen und die equity finanzierung abgeblasen. von 160 geplanten mio ist das weit entfernt. hoffentlich sinken die aktien nicht.

gruß hansi


March 18, 2010
Formation Metals Announces Non-Brokered Private Placement

--------------------------------------------------------------------------------

THIS NEWS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS, IS NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES, AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN. THESE SECURITIES HAVE NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS, AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OR TO U.S. PERSONS UNLESS REGISTERED OR EXEMPT THEREFROM.

Vancouver, B.C., March 18, 2010, Formation Metals Inc. (FCO-TSX) (the "Company") is pleased to announce a non-brokered private placement of up to 5,750,000 Units of the Company to qualified investors at a price of $1.50 per Unit (the "Offering"), for gross proceeds of up to $8,625,000. The Offering, which is subject to regulatory approval, is anticipated to close on or about April 30, 2010 or such other date as may be determined by the Company (the "Closing Date"). Each Unit is comprised of one common share and one-half of one transferable common share purchase warrant, each whole common share purchase warrant entitling the holder to purchase one common share of the Company at a price of $2.00 per share for a period of twenty four months from the Closing Date, subject to the Company's right to accelerate the expiry date as described below (the "Acceleration Right"). The securities issued pursuant to the Offering are subject to a 4 month hold period in Canada. Non-arm's length parties may participate in up to 10% of the Offering.

If, at any time following the Closing Date, the volume weighted average trading price of the Company's common shares on the Toronto Stock Exchange for any 10 consecutive trading days is $2.55 per share or more, the Company may reduce the period within which the warrants may be exercised by giving notice to the holders of the warrants, by way of news release, that the expiry date for exercise of the warrants has been accelerated, in which case the warrants will expire on the twenty first day following the date of such notice.

Proceeds from the private placement are intended to be used for general corporate purposes and for working capital of the Company. The Company is proposing to pay a fee in cash to finders who introduce participants in the private placement to the Company.

The common shares and warrants that will be issued in connection with the private placement will not be registered under the United States Securities Act of 1933, as amended, or any State securities laws and may not be sold or offered for sale in the United States or to U.S. Persons or otherwise distributed in the United States, except in reliance on available registration exemptions.

Formation Metals Inc.
"Mari-Ann Green"
Mari-Ann Green,
C.E.O.

March 16, 2010
Formation Metals Withdraws Current Prospectus

--------------------------------------------------------------------------------

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Vancouver, B.C., March 16, 2010, Formation Metals Inc. (FCO-TSX) (the "Company") is reporting that it has decided not to proceed with the equity offering announced February 24, 2010. Consequently, a notice of withdrawal of the Company's Preliminary Short Form Prospectus dated February 23, 2010, has been filed with the British Columbia Securities Commission.

"The Company has determined that the uncertainty surrounding cobalt's recent listing on the London Metals Exchange together with the pressure on the Company's share price does not create favourable conditions in which to complete the equity portion of the Idaho Cobalt Project [ICP] mine finance", stated Mari-Ann Green, C.E.O. of Formation Metals Inc. "Positive things are happening within the Company which are not being reflected in the Company's share price." She continued, "The ICP continues to move toward production with phase one construction nearing completion and long lead time mining equipment purchased and delivered to the staging area. In addition, the Company continues to make progress in its discussions with banks for project debt financing, and continues its dialogue for off-take arrangements. These are very positive developments".

"A more viable option is to seek a smaller working capital equity financing during these negotiations and then, once the terms of the debt financing and off-take arrangements are clarified, we can continue with the equity portion of the ICP mine finance. This is exactly what we intend to do. We are confident we can get this project built and deliver the value that we have promised our shareholders" concluded Ms. Green.

Formation Metals Inc. is dedicated to the principles of environmentally sound mining and refining practices, and believes that environmental stewardship and mining can co-exist. The Company trades on the Toronto Stock Exchange under the symbol FCO.

Formation Metals Inc.
"Mari-Ann Green"
Mari-Ann Green,
C.E.O.

[TheQueenIsDead]

So, hier sagt mal einer, was Sache ist (meiner Meinung nach):

Enough is Enough When It Comes to Formation Metals

Posted by Peter Grandich at 12:12 PM on Wednesday, March 24th, 2010

I spoke with FCO (T-FCO $1.22) management today to see if they had any insight for me on their recent rapid decline in share price. The short answer is no. They, like me, have been fielding a lot of enquiries lately and are quite stumped at this market reaction. I could sense the frustration in their voice, when they have worked diligently to get their 100% owned Idaho based cobalt mine to the final permitting and construction stage only to see a lackluster response in their share performance. According to this persistent management, there is no material reason for the panic selling we've seen of late. At the risk of being wrong on defining a "bottom" of any stock, it seems to me the stock is over done to the downside.

Management pointed out to me the valuation given them by a respected independent mining analyst as recently as last month. Readers can check out their website to track down this source. Remember, this valuation was made when the then current proposed financing arrangements ($60 million in equity and $100 million in high yield notes) was much more dilutive than today's proposed financing arrangements.

Regarding their financing efforts, it seems they have changed paths at least three times in as many months, and although this may have sent a confusing message to the public, each time the terms were re-done under more seemingly favorable conditions for the existing shareholders (less equity to issue, and/or better terms on the debt) -- although once again, the markets failed to react favorably to this.

At the end of the day management decided to go it alone on a small equity raise (the current $8.6 million non-brokered equity financing at $1.50 announced March 18), as they have been working with commercial banks on the debt side versus dealing with hedge funds and high yield notes. It seems that cobalt's recent listing on the LME has given cobalt some credibility in the markets and has drawn the attention of commercial banks to funding the project, although this won't likely happen overnight. This should be very good news for the shareholders as commercial bank rates are usually far better than the previously proposed high yield notes. They have also informed me that there exists a lot of interest in off-take arrangements (selling product forward) for all of their proposed production metals, namely copper, gold and of course cobalt. This is another way management is seeking to minimize equity dilution in raising the funds to build the mine.

They still have time to pull this off without impacting their proposed production start-up date of Q2, 2010. Stage I of construction, designed for the winter months, is underway and is comprised of surveying, site preparation and tree clearing -- you can review some of this progress in new photos posted on their website. Stage II is planned for later in the spring, when the bulk of the snow is off the hills and breaking ground and concrete pouring starts. They won't need to raise the bigger dollars until then, and this current smaller financing is designed to get them to that stage. Stage III expected to start later in the summer or in the fall, and is the final stage of construction. It is at this stage management hopes to have the bank debt in place to take their first draw down, and the later the better for that move as, logically, they are looking to minimize the time between starting to pay interest and starting to generate cash flow from mining operations.

As far as upcoming news goes, most likely it can be finance related as management is anxious to get this behind them. This could either be regarding current non-brokered equity financing, or news on commercial bank debt financing and possibly associated off-take arrangements.

They could also put out news on an update on Stage I of construction although that is no secret and would unlikely have an effect on the share price. As well, they could announce an update on their Athabasca Basin Virgin River Uranium Project, joint ventured with Cameco and AREVA, where two rigs have been turning. Cameco (the operator) has been spending al lot of time and money defining the extent of their Centennial Deposit on that project, where quite spectacular results have been coming from in the past. That program must be drawing to a rapid close with the approach of spring breakup.

FCO Management has taken a number of hits over the years, and they appear not about to back down now. This is one persistent and dedicated group of people. It seems more patience is the current prescription for ailing FCO shareholders.

Remember it's always darkest before the dawn.

http://grandich.agoracom.com/2010/03/client-update-enough-is…

[TheQueenIsDead]

noch jemand hier?

mal was neues:

Formation Metals schließt erste Bauphase seiner Kobaltmine erfolgreich ab

Der angehende Kobaltproduzent Formation Metals Inc. (WKN A0YEA0) kommt mit der Errichtung seiner zu 100 Prozent im Unternehmensbesitz befindlichen Kobaltmine Idaho wie geplant voran. Ende vergangener Woche meldete das kanadische Unternehmen, dass die erste Bauphase erfolgreich abgeschlossen werden konnte.

Dabei handelte es sich vor allem die Baumrodung am ausgewählten Minenstandort, um das Fundament für die Strukturen der Mine legen und die Abfallerzanlage sowie Straßen errichten zu können. Die nun fertig vorbereitete Fläche umfasst etwa 45,2 Hektar.

Die zweite Phase der Minenkonstruktion ist, abhängig vom rechtzeitigen Abschluss der zugehörigen Finanzierung bereits für das zweite Quartal 2010 vorgesehen. Dabei soll die Errichtung von Zufahrtsstraßen, von Abfallerzanlage, Absatzanlagen und Portalsims in Angriff genommen werden. Vor allem in Hinsicht auf die geplante Finanzierung für die zweite Phase ist der erfolgreiche Abschluss der Phase Eins sowie die Tatsache, dass die Preise für hochreines Kobalt wieder steigen, positiv für Formation zu werten, erläutert Mari-Ann Green, CEO des Unternehmens.

Hochreines Kobaltmetall (> 99,8 Prozent Kobalt) wird aktuell mit etwas über 24 US-Dollar pro Pfund gehandelt und damit mit einem deutlichen Aufpreis zu 99,3 Prozent reinem Kobaltmetall. Dieses wird übrigens seit Ende Februar dieses Jahresmit 3- und 15-Monats-Kontrakten an der London Metals Exchange. Die Kobaltmine Idaho von Formation Metals wird in der Lage sein, mehr als 99,8 Prozent hochreines Kobaltmetall zu produzieren, das für die entscheidenden Anwendungen in der Luftfahrt bei der Herstellung von Düsentriebwerken sowie für wieder aufladbare Lithium-Kobalt-Ionen-Batterien der nächsten Generation, die in Elektro- und Hybridfahrzeugen zum Einsatz kommen, geeignet ist.

Trotz der Konsolidierung der letzten Wochen und Monate, die eine für das Entwicklungsstadium, in dem sich Formation aktuell befindet, relativ typische Entwicklung darstellt, halten wir Formation Metals nach wie vor für einen sehr aussichtsreichen Player im Kobaltsektor. Sollte es dem Unternehmen gelingen, die Finanzierungen für den weiteren Ausbau der Minen zu vernünftigen Konditionen zu erlangen und den Bau im Budget und geplanten Zeitrahmen abzuschließen, stünde eine völlige Neubewertung von Unternehmen und Aktie an.

Vorausschauende Investoren, die ein in dieser Entwicklungsphase eines Minenunternehmens übliches Risiko nicht scheuen, könnten die niedrigen Kurse zum Einstieg nutzen.


Die hier angebotenen Artikel stellen keine Kauf- bzw. Verkaufsempfehlungen dar, weder explizit noch implizit sind sie als Zusicherung etwaiger Kursentwicklungen zu verstehen und ROHSTOFFE-GO.de und seine Autoren schließen jede Haftung diesbezüglich aus. Die Artikel und Berichte dienen ausschließlich der Information der Leser und stellen keine wie immer geartete Handlungsaufforderung dar. Zwischen ROHSTOFFE-GO.de und den Lesern dieser Artikel entsteht keinerlei Vertrags- und/oder Beratungsverhältnis.

[Fruehrentner]

Antwort auf Beitrag Nr.: 39.443.116 von TheQueenIsDead am 03.05.10 10:23:29

Danke der Nachfrage. Zumindest ich bin noch hier (watch list).




gruß
Frührentner

[SommerSonneSandMeer]

Ist der Threat hier eingeschlafen:

++++ NEWS +++

May 07, 2010
Formation Metals Raises $10 Million
THIS NEWS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS, IS NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES, AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN. THESE SECURITIES HAVE NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS, AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OR TO U.S. PERSONS UNLESS REGISTERED OR EXEMPT THEREFROM.

Vancouver, BC, May 07, 2010, Formation Metals Inc. (FCO-TSX) (the "Company" or "Formation") is pleased to announce the successful completion of financings totalling $10 million. The proceeds of these transactions are intended to be used by Formation to finance the further development of its Idaho Cobalt Project and for other general corporate purposes and working capital. The financings were comprised of non-brokered private placements of an unsecured convertible debenture and units comprised of common shares and common share purchase warrants at $1.50 Unit.

"We are pleased to be able to conclude this interim financing", stated Mari-Ann Green, CEO of Formation Metals Inc. She continued, "With Stage I timber clearing recently completed at the Idaho Cobalt Project we are eager to continue with Stage II Construction. These funds will provide capital to further prepare the mine site and provide working capital as we continue to evaluate the most favourable project construction financing options."

The Debenture Offering

The Company has sold, on a non-brokered private placement basis, an $8,000,000 unsecured convertible debenture (the "Debenture") to Coalcorp Mining Inc. ("Coalcorp"). Coalcorp is a Toronto Stock Exchange listed company (CCJ-TSX) that capitalizes on the mining sector expertise of its board members and management and uses its cash resources to pursue early-stage opportunities in the mining, metallurgical and mineral industries.

The Debenture will have an initial term of 18 months with an interest rate of 12% per annum (the "First Term") and may be extended in whole or in part, (the "Extended Debenture") by either party for an additional term of 18 months (the "Second Term"). If the First Term is extended by Formation, the Extended Debenture will bear interest at the rate of 15% per annum. Interest on the Debenture or Extended Debenture will be calculated daily and is payable quarterly, subject to regulatory approval, in common shares of Formation at a price per share equal to the 5 day volume weighted average trading price (the "Market Price") at the time of issue.

Coalcorp may, at any time during the First Term, convert the Debenture into common shares of Formation at $1.50 per share and, during the Second Term, subject to regulatory approval, convert the Extended Debenture into common shares of Formation at the Market Price of the shares at the end of the First Term. In addition, Formation has the right to call or redeem the Debenture and the Extended Debenture upon payment of a penalty, subject to certain conditions and, in certain circumstances, regulatory approval.

Formation appreciates the support of Coalcorp and welcomes the appointment of Dr. Charles Entrekin, who sits on the board of directors of Coalcorp, to Formation's board of directors. Dr. Entrekin has over 35 years of experience in the more exotic non-ferrous metal industries including cobalt.

The Company has agreed to pay a finder's fee, in cash in an amount to be negotiated, in connection with the Debenture.

The Unit Offering

The Company has closed the previously announced non-brokered private placement of 1,333,375 Units at a price of $1.50 per Unit (the "Unit Offering") resulting in gross proceeds of $2,000,063. Each Unit is comprised of one common share and one-half of one transferable common share purchase warrant, each whole common share purchase warrant entitling the purchase of one common share of the Company at a price of $1.60 per share until May 06, 2012, subject to the Company's right to accelerate the expiry date in certain circumstances.

The common shares and warrants issued in connection with the Unit Offering and any common shares issued pursuant to the terms of the Debenture, have not been registered under the United States Securities Act of 1933, as amended, and may not be sold or offered for sale in the United States or otherwise distributed in the United States, except in reliance on available registration exemptions.

No finder's fees were paid in connection to the Unit Offering.

Formation Metals Inc. is dedicated to the principles of environmentally sound mining and refining practices, and believes that environmental stewardship and mining can co-exist. Formation Metals Inc. trades on the Toronto Stock Exchange under the symbol FCO.

Formation Metals Inc.
"Mari-Ann Green"
Mari-Ann Green,
C.E.O.

For further information please contact:
E.R. (Rick) Honsinger, P.Geo., V.P. Corporate Communications
Formation Metals Inc., 1730 -- 999 West Hastings Street, Vancouver, BC, V6C 2W2
Tel: [phone] - Email: [e-mail] - Web: formationmetals.com

________________________________________

Quelle: http://www.formationmetals.com/s/News.asp?ReportID=398375

SSSM

[Martsch]

IRW-PRESS: Formation Metals Inc.: Grandich Kunden-Update - Formation Metals
Grandich Kunden-Update - Formation Metals


FCOs Pressemitteilung vom vergangenen Freitag (7. Mai 2010, Formation Metals bringt $ 10 Million auf) scheint untergegangen zu sein. In der ersten Pressemitteilung vom 18. März wurde eine Finanzierung in Höhe von $ 8,6 Millionen zu einem Preis von $ 1,50 vorgeschlagen, als die Aktie an diesem Tag bei $ 1,43 schloss. Formation war nach wie vor in der Lage, diese jüngsten Privatplatzierungsangebote bei $ 1,50 abzuschließen, als die Aktie bei $ 1,25 schloss im Grunde ein Aufschlag um 20 % auf den Marktpreis. Das Unternehmen stand natürlich unter Druck, den Angebotspreis zu verringern, um die Finanzierung früher abzuschließen.


FCOs Finanzierung umfasste $ 8 Millionen, die mittels einer ungesicherten (Wandel)-Schuldverschreibung ($ 1,50) aufgebracht wurden, sowie $ 2 Millionen, die im Rahmen eines Einheitenangebots ($ 1,50) aufgebracht wurden. Natürlich konnte man die Finanzprobleme in Griechenland und die Verluste am Vortag die größten, die beim Dow im Laufe eines Handelstages jemals verzeichnet wurden nicht vorhersehen. Der Zeitpunkt der Veröffentlichung hätte nicht schlechter sein können und es hat den Anschein, als wäre jeglicher Impuls, den die Pressemitteilung ausgelöst haben könnte, im Keim erstickt worden. Börsennotierte Unternehmen genießen jedoch nicht das Privileg, sich den Zeitpunkt der Veröffentlichung von wichtigen Neuigkeiten aussuchen zu können.


Abgesehen von der dürftigen Performance der FCO-Aktien ist das Management von FCO bisher seinen Verpflichtungen nachgekommen getreu dem Statement des CEOs in der Pressemitteilung vom 16. März, in der die Zurücknahme des zuvor eingereichten Prospektes gemeldet wurde: Eine rentablere Option würde bei diesen Verhandlungen eine kleinere Betriebskapital-Aktienkapitalfinanzierung darstellen und sobald die Bedingungen der Fremdfinanzierung und der Abnahmeabkommen festgelegt sind, können wir mit dem Aktienkapitalanteil der ICP-Minenfinanzierung fortfahren. Genau das beabsichtigen wir. Wir sind zuversichtlich, dass wir dieses Projekt errichten und für jene Gewinne sorgen können, die wir unseren Aktionären versprochen haben." Bei dieser Aussage könnte man zwischen den Zeilen lesen und daraus schließen, dass Formation die Aktienemission zu den aktuellen Aktienkursen minimieren möchte und beabsichtigt, eine umfangreichere Kapitalaufbringung zu potenziell höheren Preisen durchzuführen wahrscheinlich in Zusammenhang mit einem Schulden-Arrangement zur Einschränkung der Verwässerung.


Das Bemerkenswerte an dieser letzten Finanz-Pressemitteilung ist die Tatsache, dass es sich um eine ungesicherte Wandelschuldverschreibung handelt. Das ist ein wichtiger Aspekt der Schuldverschreibung, da dies bedeutet, dass die Schulden nicht gegen Aktiva des Unternehmens gesichert sind. Dies schützt nicht nur die Kobaltmine und die Raffinierungs-Aktiva, sondern stellt auch die Kreditsicherheit für die Aufnahme einer kommerziellen Bankschuldenfinanzierung zur Verfügung, die voraussichtlich eine Schlüsselkomponente der Minenfinanzierung sein wird. Sie scheinen hier bereits über den Tellerrand hinauszublicken.


Eine weitere erwähnenswerte Information ist die Tatsache, dass die Zinsen der Schuldverschreibung in bar oder in Form von Aktien bezahlt werden können und dass der Aktienwert anhand des gewichteten Fünf-Tages-Durchschnittskurses zu diesem Zeitpunkt berechnet wird. Unter der Annahme, dass der Aktienkurs viel höher sein könnte, wenn die Finanzierung und die Errichtung des Kobaltprojektes vorangehen, müssen weniger Aktien emittiert werden, um die Zinsen zu bezahlen.


Zu guter Letzt kann diese Schuldverschreibung im Ermessen von Formation jederzeit getilgt werden was jedoch die Zahlung einer Pönale zur Folge hat. Es hat den Anschein, als wäre dies ein Teil der Schuldverschreibung, um die Zinszahlung und verringern und die Aktienemission einzuschränken.


Das Management hat mich darauf hingewiesen, dass sie abgesehen von Eigenkapital- und kommerziellen Schuldenfinanzierungen auch an mehreren anderen Finanzierungsmöglichkeiten arbeiten, von denen gemäß FCO allesamt beträchtliche Zinsen einbringen. Diese beinhalten VPPs (volumetrische Produktionszahlungen) sowie Off-take-Arrangements. Beide sind einander insofern ähnlich, als sie Bargeld im Voraus für einen Teil der zukünftigen Einnahmen (VPPs) oder Bargeld im Voraus für einen Teil der zukünftigen Rohstoffproduktion (Off-takes) erhalten. Beide Arrangements scheinen den kommerziellen Banken eine zusätzliche Garantie für die formelle Zustimmung zu geben, wohl wissend, dass andere Konzerne ihrer Sorgfaltspflicht nachgekommen sind und auf die zukünftige Fähigkeit von Formation wetten, reinstes Kobaltmetall, einschließlich der Nebenprodukte Kupfer und Gold, zu produzieren.


Kobalt hat nach der Notierung von LME im Februar großes Aufsehen erregt und seither sehr gute Performances gezeigt. Es gibt ein interessantes (und zeitgemäßes) Interview mit Gordon Monk von The Energy Report, das FCO auf seiner Website veröffentlicht hat: http://www.formationmetals.com/s/CobaltNews.asp. Gordon Monk ist ein Principal von Performance Capital Advisors, einer Handelsbank aus Vancouver. In diesem Interview spricht Gordon Monk über die Kobaltmärkte und die limitierte Zahl an daran beteiligten Unternehmen. Er sagte unter anderem, dass er der Auffassung wäre, dass großartige Möglichkeiten und Anreize für Investments in primäre Kobaltkonsumenten bestünden vor allem in nordamerikanische Unternehmen wie Formation Metals, das er namentlich erwähnte.


Über Formation Metals Inc.


Formation Metals Inc. hält sich an die Prinzipien von umweltfreundlichen Bergbau- und Raffinierungspraktiken und vertritt die Ansicht, dass Umweltschutz und Bergbau keinen Widerspruch darstellen. Formation Metals Inc. notiert unter dem Kürzel FCO" an der Toronto Stock Exchange.


Formation Metals Inc.


"Mari-Ann Green"


Mari-Ann Green


C.E.O.


Nähere Informationen erhalten Sie über:


Rick Honsinger, P.Geo, V.P. Corporate Communications


Formation Metals Inc., 1730 -999 West Hastings Street, Vancouver, BC, V6C 2W2


Tel: [phone], Email: [e-mail] bzw. auf der Website formationmetals.com.


Für die Richtigkeit der Übersetzung wird keine Haftung übernommen. Bitte englische Originalmeldung beachten.


Die englische Originalmeldung finden Sie unter:


http://www.irw-press.at/press_html.aspx?messageID=16854

[pisa]

fco hat operativ über viele lange Jahre alles richtig gemacht, nur konnte mal als shareholder nur phasenweise damit Geld verdienen. Der frühe Langfrrstinvestor hat bisher nicht soooooo den Schnitt machen können.

Letztlich läuft es für FCO auf die Frage hinaus was es wert ist eine nordamerikanische Cobaltmine zu haben. Man wird immer mit entsprechend Unterdrückung und Blut Cobalt sehr billig aus Afrika bekommen können. FCO bietet an Cobalt für den US Markt ohne dies bereitstellen zu können. Somit die Frage wie entwickelt sich der weltweite Cobaltprice bzw. was ist die USA bereit zu zahlen für lokal produziertes Cobalt? Schwierig hier ist wie bei den vergangenen Solarinvests in Germany das Pleite oder stellar performance in erster Linie von politischen Gegebenheiten abhängen.

Enjoy,
Pisa

[maupiti]

20.07.2010 17:38
IRW-PRESS: Formation Metals Inc.: Formation Metals Inc.: Kunden-Update von Newsletter-Verfasser Peter Grandich

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IRW-PRESS: Formation Metals Inc.: Formation Metals Inc.: Kunden-Update von Newsletter-Verfasser Peter Grandich

Formation Metals Inc.: Kunden-Update von Newsletter-Verfasser Peter Grandich

Ich erhielt zahlreiche E-Mails von FCO-Aktionären (von den verärgerten), die mich ersuchten, zu erklären, warum der Aktienkurs so niedrig ist. Gemäß dem Management von FCO gibt es keinen erheblichen Grund für den Fall des Aktienkurses abgesehen von der Tatsache, dass über den Fortschritt der Minenfinanzierung zur Errichtung der Mine, Mühle und Raffinierungsanlage beim Idaho Cobalt Project noch berichtet werden muss. Aufgrund der Geheimhaltungs- und Vertraulichkeitsvereinbarungen hat mich das Management darauf hingewiesen, dass es keine Details über potenzielle Geldgeber bekannt geben kann. Man sagte mir und allen anderen, dass es den Anschein habe, als ginge die Finanzierung gut voran. Man befände sich in Gesprächen mit potenziellen Abnehmern sowie einigen Handelsbanken bezüglich der Fremdfinanzierung. Doch dies ist kein Geheimnis das ist seit Monaten geplant.

Die Pläne des Managements sind weiterhin dieselben. In seinen Pressemitteilungen vom 24. Februar und 16. März 2010 gab das Unternehmen bekannt, dass es sich in Gesprächen mit Abnehmern und Handelsbanken befände. In einem jüngsten Interview von Minesite.com bekräftige CEO Mari-Ann Green die Absicht, eine beträchtliche Minenfinanzierung mittels Abnahme-Arrangements aufzubringen. Ein solches Arrangement würde den Handelsbanken zusätzliche Kaufprüfungssicherheiten geben, um über ein Handelsbank-Schuldenabkommen zu verhandeln. Nun, da diese beiden Finanzierungswege und hoffentlich auch ein Aktienkurs, der diese Entwicklungen widerspiegelt vorhanden sind, könnte die Minenfinanzierung mit Aktienkapital abgeschlossen werden. Eine Abschrift dieses Interviews ist auf der Website des Unternehmens unter www.FormationMetals.com abrufbar.

In diesem Frühjahr schlossen das Unternehmen eine Finanzierung in Höhe von 10 Millionen $, 2 Millionen $ an Aktienkapital (1,50 $), an dem sich das gesamte Management beteiligte, und 8 Millionen $ aus einer ungesicherten Wandelanleihe (1,50 $) ab. Das ist eine großartige Leistung, wenn man bedenkt, dass diese Finanzierungen bei einem Aktienkurs von 1,25 $ abgeschlossen wurden. Für diese Anleihe erntete das Unternehmen viel Kritik, doch ich denke, man hatte keine andere Wahl man musste die Kasse aufbessern und Geld aufbringen, anderenfalls hätte man bei den Verhandlungen über die Minenfinanzierungen mit dem Rücken zur Wand gestanden. Das Unternehmen strukturierte die Anleihe auf diese Weise, um seine Aktiva zu schützen. Ungesicherte Anleihe lautet das Schlüsselwort dies bedeutet, dass man in einem Worst-Case-Szenario die Zinsen in Form von Aktien bezahlen kann, wenn die Anleihe nicht zurückbezahlt werden kann. Die Aktiva, die Kobaltmine und die Raffinierungsanlage des Unternehmens können nicht als Pfand verwendet und nicht weggenommen werden.

Es wurden mir einige Fragen bezüglich des Status des Unternehmens gestellt, an das FCO die Anleihe verkaufte, nachdem es alle zwei Monate Default Status Reports mit der TSX veröffentlichte. Das ist kein Kunde von mir, weshalb Fragen direkt an das Unternehmen gerichtet werden sollten. Ich hörte, dass die Partei, an die FCO die Anleihe verkaufte, gezwungen war, im letzten Jahr ihre Aktiva in Zusammenhang mit Kohlegewinnungsbetrieben in Südamerika zu verkaufen. Das neue Management fand ein Unternehmen ohne Umsatz und mit über 100 Millionen $ Schulden vor. Man sah sich zahlreichen Problemen konfrontiert, die auf unterschiedliche Faktoren zurückzuführen waren, einschließlich der fallenden Kohlepreise und des Zusammenbruchs des Finanzmarktes, und man hatte keine andere Wahl, als bei der Toronto Stock Exchange den finanziellen Notstand zu erklären. Das Unternehmen ist angesichts des Bargeldes auf der Bank aus dem Verkauf seiner Aktiva nun anscheinend zahlungsfähig. Das neue Board entwickelt eine neue Geschäftsstrategie für das Unternehmen, um in das Wachstum von Projekten in der Bergbau-, Metallurgie- und Mineralbranche zu investieren und diese zu fördern, was die Investition in Formation Metals erklärt.

Ein weiterer Kritikpunkt an der Anleihe ist die Tatsache, dass FCO 15 % des Unternehmens für nur 8 Millionen $ abgetreten hatte. Diese Annahme basiert auf der Prämisse, dass die gesamte Anleihe in Aktien (1,50 $) konvertiert wird. Ziel des Managements ist es, diese Anleihe in bar mit den Einnahmen der Minenfinanzierung oder mit den Einnahmen von zukünftigen Bergbaubetrieben zurückzuzahlen, bevor die Konversion stattfindet. Soweit das Management weiß, besitzt das Unternehmen, an das es die Anleihe verkaufte, keine einzige Aktie von FCO. Auch wenn die gesamten Zinsen der Anleihe in Form von FCO-Aktien zu bezahlen wären, würde man schließlich nur mit einem Bruchteil der ausstehenden Aktien dastehen. Man wird sehen, wie es am Ende des Tages aussieht.

Um Kredite zu gewähren, wo Kredite nötig sind, hat Formation Metals die Phase-I-Errichtung bei seinem Idaho Cobalt Projekt abgeschlossen und wartet nun auf den Abschluss (oder zumindest den immanenten Abschluss) der nächsten Phase der Minenfinanzierung, um mit der Phase-II-Errichtung beginnen zu können, was sehr vernünftig ist. Phase I umfasste die Standorterrichtung, die Vermessung und die Waldrodung zu nominellen Kosten, während Phase II mehr finanzielle Mittel beanspruchen wird, um mit der Erdabtragung und der Betonierung beginnen zu können.

Formation meldete im Juni, dass es sein Board mit zwei neuen Directors verstärkt hat, von denen einer eine beträchtliche Summe in die 1,50-$-Privatplatzierung investierte. Gemäß der Pressemitteilung des Unternehmens bringen diese Herren eine beachtliche Erfahrung in den Bereichen Bergbau, Finanzierungen, Steuerrecht und Regierungsberatung in das Unternehmen mit ein. Diese Aktionen zeigen das Engagement des Managements bei der Weiterentwicklung des Unternehmens zu einem profitablen Produzenten mit einem erfahrenen und qualifizierten Board an der Spitze.

Ebenfalls im Juni meldete das Unternehmen, dass es ein Abkommen bezüglich des Wegerechts einer Stromleitung für sein Kobaltprojekt finalisiert hat. Dies ist eine bedeutsame Entwicklung und genau jene Art von Fortschritt, von dem Geldgeber für Minen hören möchten. Das Management versicherte den Aktionären stets, dass das Wegerecht der Stromleitung kein kritisches Problem darstellen würde, da das Gesetz auf seiner Seite wäre, doch Tatsache ist, dass dieses außergerichtliche Abkommen ein gutes Omen und ein gutes Zeichen für eine nachbarschaftliche Kooperation darstellt.

Zu guter Letzt möchte ich die Pressemitteilung von Formation zu Beginn dieses Monats hinsichtlich seines Uranprojekts Virgin River im Athabasca Basin kommentieren, das einem Jointventure mit Cameco und AREVA unterliegt. Es hat den Anschein, als wäre diese Meldung auf taube Ohren gestoßen, doch die positiven Auswirkungen der Entdeckung eines neuen mineralisierten Horizonts, der parallel zur bestehenden Lagerstätte Centennial verläuft, können nicht oft genug betont werden. Dies könnte eine äußerst bedeutsame Entdeckung für dieses Projekt darstellen. Cameco (der Betreiber) wies darauf hin, dass er diese Entdeckung mit Bohrungen in diesem Sommer weiterverfolgen und gleichzeitig mit der Erschließung und Erweiterung der Lagerstätte Centennial mittels weiterer Step-out- und Infill-Bohrungen fortsetzen würde. Nun, da sich die Uranmärkte langsam zu erholen scheinen, könnte diese Entdeckung genau zur richtigen Zeit gemacht worden sein. Ich freue mich bereits auf die Ergebnisse dieses Bohrprogramms, das zurzeit im Gange ist.

Wie ich bereits in meinem letzten Update über FCO sagte, scheint kontinuierliche Geduld das Rezept für leidende FCO-Aktionäre zu sein zumindest im Moment. Die Versicherung des Managements, dass hinter verschlossenen Türen vieles voranginge und dass bei der Minenfinanzierung Fortschritte erzielt würden, sorgte bei einigen Aktionären für Augenrollen. Doch angesichts der Erfolge bei der Weiterentwicklung des Kobaltprojektes in die Minenfinanzierungs- und -errichtungsphasen scheinen Fortschritte bei der Minenfinanzierung weiterhin möglich zu sein.

Über Formation Metals Inc.

Formation Metals Inc. hält sich an die Prinzipien von umweltfreundlichen Bergbau- und Raffinierungspraktiken und vertritt die Ansicht, dass Umweltschutz und Bergbau keinen Widerspruch darstellen. Formation Metals Inc. notiert unter dem Kürzel FCO an der Toronto Stock Exchange.

Formation Metals Inc. "Mari-Ann Green" Mari-Ann Green C.E.O.

Nähere Informationen erhalten Sie über:

Rick Honsinger, P.Geo, V.P. Corporate Communications Formation Metals Inc., 1730 -999 West Hastings Street, Vancouver, BC, V6C 2W2 Tel: [phone], Email: [e-mail] bzw. auf der Website formationmetals.com.

[TheQueenIsDead]

wat neues:

http://www.wallstreet-online.de/nachricht/2990468.html

[maupiti]

China reduziert Export seltener Erden
30.08.2010 | 11:25 Uhr | Hahn, Rainer
RTE Peking - (www.emfis.com) - Pekings Entschluss, den Export seltener Erden im zweiten Halbjahr um 72 Prozent herunterzufahren, ist auf internationale Kritik gestoßen. Insbesondere Japan befürchtet, dass dieser Schritt einen negativen Effekt auf die Weltwirtschaft haben könne.

Der chinesische Handelsminister Chen Deming wies diese Vorwürfe jetzt öffentlich zurück. Die Beschränkung der Exporte habe vor allem das Ziel, die Umwelt zu schützen. Außerdem entspreche Pekings Handeln den Richtlinien der Welthandelsorganisation WTO. Derweil sammelt der US-amerikanische Handelsvertreter Fakten für eine mögliche Klage bei der WTO. Er will belegen, dass China die seltenen Erden hortet, um sich einen Wettbewerbsvorteil zu verschaffen.

China ist der weltweit größte Produzent von seltenen Erden, die bei der Herstellung von Computern, Motoren für Hybrid-Autos und andere Hightech-Produkten Verwendung finden. Während China 2009 im zweiten Halbjahr noch 28.417 Tonnen exportierte, werden es dieses Jahr im gleichen Zeitraum nur 7,976 Tonnen sein.

[maupiti]

16.09.2010 13:02
Formation Metals Receives Stimulus Act Recovery Zone Facility Bond Allocation of $46.7 Million From State of Idaho


VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 09/16/10 -- Formation Metals Inc. (TSX: FCO) ("Formation") is pleased to announce that its 100% owned subsidiary, Formation Capital Corporation, U.S., (the "Company") has received two Certificates of Allocation from the State of Idaho authorizing a total of $46.7 million in Recovery Zone Facility Bond volume cap to the Company as Ultimate Beneficiary to be issued by The Industrial Development Corporation of Lemhi County, Idaho and the Industrial Development Corporation of Shoshone County, Idaho. The Company's 100% owned Idaho Cobalt Project mine site is located in Lemhi, County and its hydrometallurgical facility is located in Shoshone, County (the "ICP").

"This is excellent news," stated Mari-Ann Green, Formation's Chairman and C.E.O. "We are very pleased that Idaho's Department of Commerce has reviewed its many applications and allocated a total of (US) $46.7 million to Formation for the development of its ICP in the form of tax exempt Recovery Zone Facility Bonds to be issued by the local Industrial Development Corporations of these two counties. That was the first step. In addition, it is anticipated that the bonds will be structured on a variable rate basis with weekly interest rate adjustments and will be secured by a letter of credit. The Company is in the process of establishing which institution, or institutions, would be best to provide that support." The bonds must be issued and completed prior to a December 31, 2010 expiration date applicable to the Recovery Zone Program.

In addition, the Company is finalizing the amount of ICP project capital costs eligible for financing with solid waste private activity bonds ("SWBs"). This amount is expected to be US$45.4 million. Commenting on the SWBs, Ms. Green stated that, "Together with the Recovery Zone Facility bonds the amount would total US$92.1 million, which accounts for approximately 66% of the $138.7 million capital expenditures estimated in the ICP feasibility study. In addition to a letter of credit supporting the Recovery Zone Bonds, a letter of credit must also be secured to support the SWBs. Once we can determine that a letter of credit can be secured for both types of bonds, the Company will apply to the State for allocation in connection with the SWBs." Ms Green further noted that, "The SWBs do not have the December 31, 2010 expiration date."

The Company intends to engage Thornton Farish Inc., Investment Bankers as the underwriter for the recovery zone facility and solid waste bonds. Thornton Farish is widely recognized as one of the early pioneers of industrial revenue bond financing. The firm has extensive expertise and experience in all forms of tax-exempt bond financing, particularly with solid waste financing in many industrial and agricultural sectors.

The Company is confident that it will be successful in its endeavours and that it will be able to secure the additional funds required utilizing minimally dilutive means.

The 100% owned Idaho Cobalt Project is a unique, fully permitted primary cobalt deposit that will be capable of producing high purity cobalt metal. Cobalt is used in a wide variety of environmental and high-tech applications that include the re-chargeable battery and aero-space sectors.

Formation Metals Inc. is dedicated to the principles of environmentally sound mining and refining practices, and believes that environmental stewardship and mining can co-exist. Formation trades on the Toronto Stock Exchange under the symbol FCO.

FORMATION METALS INC.

Mari-Ann Green, C.E.O.

[scout]

Antwort auf Beitrag Nr.: 40.161.326 von maupiti am 16.09.10 13:21:03

Nun wirklich endlich geschafft?
Vor fast einem Jahr dachte ich, es ist wirklich geschafft (als FCO alle Permits hatte, mein Posting am 9.12.09) und die Finanzierung der Mine nur eine Frage von Tagen. Welch ein Irrtum! Und ich dachte wirklich nicht, dass das sooo schwierig werden wird. Andererseits hat Mari-Ann ja trotz aller Rückschläge bei den Genehmigungen immer den klaren Willen geäußert, die Mine zu entwickeln, und irgendwie war ich davon auch überzeugt, dass ihr das gelingt.
Also mit der heutigen Nachricht dürfte die komplette Finanzierung der Mine [und zwar eine vorteilhafte für die Aktionäre, nämlich ohne (?) weitere Verwässerung des Aktienkapitals] wirklich kein Problem mehr sein.
Wer bisher durchgehalten hat, sollte es erst recht jetzt weiterhin tun.
Scout

[maupiti]

Antwort auf Beitrag Nr.: 40.164.691 von scout am 16.09.10 21:12:01

Hallo Scout
Da kann ich dir nur uneingeschränkt zustimmen. Frauen sind sowieso die besten Verhandlungsführer. Mal sehen, wie die restliche Finanzierung aussieht.
Gruß
Maupiti

[donnerpower]

Antwort auf Beitrag Nr.: 40.164.691 von scout am 16.09.10 21:12:01

Das beste was Formation Metals passieren konnte….schon interessant das auf_eimal solch ein Deal eingefädelt wurde seit Pala über Coalcorp mit seinem fähigen Managern dort die Fäden mitzieht…

Vermutung: Coalcorp wird an einem Teil der letzten Finanzierung beteiligen

Cash hat Coalcorp genügend,weitere 8Mio. Dollar müssten jetzt Ende dieser Woche auf dem Konto sein.
…hoffe nur als Coalcorp Aktionär das wir bald euch mit dem Kurs nachziehen werden.

[maupiti]

Antwort auf Beitrag Nr.: 40.165.214 von donnerpower am 16.09.10 22:31:48

Ein Gutes hat der Deal für mich.
Durch Coalcorp bin ich erst auf Formation aufmerksam geworden und kann so Verluste bei CCJ reduzieren. Jetzt muß nur noch Coalcorp "in die Puschen kommen"

[maupiti]

Formation Metals Aktiviert Auramet für Kobaltmine Finanzen
VANCOUVER, BRITISH COLUMBIA, 27. September 2010 (Marketwire) - Formation Metals Inc. (TSX: FCO) ("Bildung" oder das "Unternehmen") freut sich bekanntzugeben, dass es Auramet Trading, LLC ("Auramet" engagiert hat ) von Fort Lee, New Jersey, an die Gesellschaft in das Verfahren zur Errichtung der Mine Finanzierung für ihre 100% ige Projektes Idaho Cobalt ("ICP") zu unterstützen. Auramet ist in allen Aspekten meiner Finanzen einschließlich Abnahme, volumetrische Produktion Zahlungen, Vereinbarungen über Verbindlichkeiten und Strukturierung Sicherheit für verschiedene Formen von Anleihen, einschließlich steuerfrei Bindungen erlebt.

"Wir sind sehr erfreut, dass Auramet hat sich bereit erklärt, uns mit der Finanzierung der ICP unterstützen", kommentierte Mari-Ann Green, CEO von Formation Metals Inc. "Wir haben eine langjährige Geschichte mit Auramet zurück bis 2004, als wir zuerst ihre engagierte Dienstleistungen zur Entwicklung einer Marketingstrategie für unsere Sunshine Precious Metals Raffinerie, die inzwischen eine sich selbst erhaltende, profitables Unternehmen. Wir haben volles Vertrauen in die Fähigkeit Auramet zur Entwicklung und Unterstützung starken Beziehungen zwischen Kreditgebern und Kreditnehmern. "

Auramet Team wird geleitet von Jim Verraster, Mark Edelstein und Justin Sullivan. Beide Jim Verraster und Mark Edelstein haben umfangreiche Erfahrungen in der Bankenbranche während Justin Sullivan verfügt über umfangreiche Erfahrung als einer Anleihe und Finanzen Anwalt Arbeiten an großen öffentlich aufgelegte Projektfinanzierungen. Sie bieten eine Vielzahl von Dienstleistungen für ihre Kunden einschließlich Bergbau physisches Metall Handel, Metall Merchant Banking, Finanzberatung und Überbrückungskredite.

In der Gesellschaft Pressemitteilung vom 16. September 2010, kündigte Formation Metals es war ein Stimulus Act Recovery Zone Facility Bond Zuweisung von US $ 46.700.000 aus dem Staat Idaho erhalten, und dass es im Prozess der Fertigstellung der Höhe von ICP Projekt Kapital förderfähigen Kosten mit Solid Waste private Tätigkeit Bonds zu erwartende US $ 45.400.000 ist. Die Recovery-Zone Facility Bonds zusammen mit dem Abfall Bonds würden insgesamt US $ 92.100.000. Beide sind steuerfrei und benötigen Unterstützung Letters of Credit. Das Unternehmen mit Auramet, ist im Prozess der Auswertung einer Reihe unterschiedlicher Quellen für die Bereitstellung dieser notwendige Unterstützung.

Die 100% ige Projektes Idaho Cobalt ist ein einzigartiges, vollständig genehmigt primären Kobalt Lagerstätte, die in der Lage sein Herstellung von hochreinem Kobalt Metall wird. Kobalt ist in einer Vielzahl von Umwelt-und High-Tech-Anwendungen, die wieder aufladbare Batterie und Raumfahrt umfassen verwendet.

Formation Metals Inc. ist auf die Grundsätze der umweltverträglichen Abbau und die Raffination verschrieben und glaubt, dass Umweltschutz und Bergbau koexistieren können. Formation Aktien werden an der Toronto Stock Exchange unter dem Kürzel FCO.

Formation Metals Inc.

[maupiti]

October 21, 2010
Formation Drills Cobalt Project to Optimize Mine Design
Vancouver, B.C., October 21, 2010 Formation Metals Inc. (FCO-TSX) ("Formation")Z is pleased to announce that its 100% owned subsidiary, Formation Capital Corporation, U.S., (the "Company") has reported the successful conclusion of its diamond drill program with favourable initial assay results from its 100% owned Idaho Cobalt Project, located in Lemhi County, Idaho.

The diamond drill program was conducted in a previously untested area on the project along the southern extension of the Ram deposit. A total of 5,727.5 feet were drilled in six drill holes between Sections 12+00 South and 16+00 South. The results from DDH-R10-01, tabulated below, demonstrates the continuity of economic cobalt mineralization 200 feet down dip and 100 feet along strike from previous drilling at the southern extension of the Ram deposit. Core logging results from the remaining five drill holes indicates favourable cobalt mineralization was intersected for an additional 400 feet along strike to the south. This drilling has extended the previously defined strike length of the Ram deposit an additional 14% from 2,800 to 3,200 feet.

In addition, the drill program has provided material for initial metallurgical test work to determine the economic viability of extracting the Rare Earth Elements ("REE's") that are known to occur on the property. Values of total rare earth oxides from previous Formation core drilling on the property are reported as high as 1.92%, (noting that the average value reported is 0.10%) while values for light rare earth oxides and heavy rare earth oxides have been reported up to 1.63% and 0.52% respectively. Once all final data is returned from the laboratory, more REE values will be compiled and reported by the Company.

Initial indications suggest the REE's are closely associated with the cobalt mineralized horizons, and as such, provisions for these horizons to be mined, milled and concentrated are already included in the existing approved mine plan. Thus, any potential future REE production would be considered by-product production.

Table 1: Ram 2010 drill results to date:

click to enlarge



As expected, this verification drilling program is providing information needed to optimize mine design and production plans with the primary goal of maximizing ore production as early in mine life as possible. Results from the program are expected to have a positive impact on the overall economics of the project.

Mr. George King, B.Sc., P.Geo., is the Qualified Person working directly on the project and has reviewed the contents of this release. Cut drill core samples were sent to ALS Chemex Labs Ltd in North Vancouver, B.C. for assaying. The Company will announce further results of the program when available.

The 100% owned Idaho Cobalt Project is a unique, fully environmentally permitted primary cobalt deposit that will be capable of producing high purity cobalt metal. Cobalt is used in a wide variety of environmental and high-tech applications that include the re-chargeable battery and aerospace sectors.

Formation Metals Inc. is dedicated to the principles of environmentally sound mining and refining practices, and believes that environmental stewardship and mining can co-exist. Formation trades on the Toronto Stock Exchange under the symbol FCO.

FORMATION METALS INC.
"Mari-Ann Green"
Mari-Ann Green,
C.E.O.

[emf]

Antwort auf Beitrag Nr.: 40.371.306 von maupiti am 22.10.10 09:25:47

Hallo Maupiti,
danke für die Info - diese hatte ich noch nicht bekommen. ich glaube, daß
diesen Unternehmen sehr gute Chance hat und ich habe es sehr lange beobachtet,
bevor ich zugeschlagen habe. hoffe, dass es sich weiterhin gut entwickelt.

[maupiti]

Moin emf
Wenn Auramet die Restfinanzierung im vorgesehenen Zeitrahmen hin bekommt, werden wir im nächsten Jahr ganz andere Kurse sehen. Bis dahin heißt es leider Warten.
Gruß
Maupiti

[donnerpower]

Seltene Erden
China kürzt Exporte erneut drastisch

Ohne sie geht bei Zukunftstechnolgien nicht viel: Seltene Erden, eine Gruppe von 17 Rohstoffen. China dominiert den Weltmarkt und will offenbar seine Lieferungen zum Entsetzen der Wirtschaft weiter senken.
China wird einem Zeitungsbericht zufolge die Exportquoten für seltene Metalle im kommenden Jahr um bis zu 30 Prozent weiter reduzieren. Das meldete die Zeitung „China Daily“ am Dienstag unter Berufung auf einen Mitarbeiter des Handelsministeriums. Die Volksrepublik kontrolliert 97 Prozent des Marktes für Seltene Erden, die unter anderem in Computern, DVD-Spielern, leistungsstarken Akkus, Hybrid-Akkus und Windturbinen eingesetzt werden. Das Land hat seine Exportquoten seit 2005 reduziert. In diesem Jahr wurden sie um 40 Prozent gegenüber 2009 gekürzt.

Die Rohstoffe der Zukunft

In der deutschen Wirtschaft wächst bereits die Sorge vor einer zunehmenden Knappheit seltener Technologiemetalle. „Die Nervosität in den Unternehmen wird immer größer und größer“, sagte der Aufsichtsratschef von Salzgitter, Rainer Thieme, kürzlich bei der Vorstellung einer Studie. Demnach rechnen mehr als die Hälfte der 100 befragten Unternehmen aus der metallverarbeitenden Industrie bei bestimmten Rohstoffen mit drastischen Preiserhöhungen, die zu empfindlichen Kostensteigerungen führen könnten. Knapp ein Drittel befürchtet, dass eine weitere Verknappung der Technologiemetalle die Wettbewerbsfähigkeit der Unternehmen gefährden könnte.


http://www.focus.de/finanzen/news/seltene-erden-china-kuerzt…

[pisa]

Antwort auf Beitrag Nr.: 40.375.944 von donnerpower am 22.10.10 18:38:20

lol jetzt wollen alle auf dem rare earth ticket fahrstuhl fahren. Wobei mir das Uranprospekt mit Cameco viel besser gefällt

Enjoy,
Pisa

[tgfn]

Antwort auf Beitrag Nr.: 40.376.484 von pisa am 22.10.10 19:50:34

man muß die sau reiten, solange sie durchs dorf getrieben wird, oder so ähnlich

[scout]

Hallo Cobaltfans,
ein neues Nachrichtenmagazin zu Cobalt wurde gegründet, zusammen mit Formation Metals.

http://cobaltinvestingnews.com/

Scout

[maupiti]

Date: 19/11/2010
510 Burrard St, 3rd Floor Vancouver BC, V6C 3B9 www.computershare.com
To: All Canadian Securities Regulatory Authorities
Subject: FORMATION METALS INC.
Dear Sirs: We advise of the following with respect to the upcoming Meeting of Security Holders for the subject Issuer:
Meeting Type :
Extraordinary General Meeting
Record Date for Notice of Meeting :
23/11/2010
Record Date for Voting (if applicable) :
23/11/2010
Beneficial Ownership Determination Date :
23/11/2010
Meeting Date :
23/12/2010
Meeting Location (if available) :
730 - 999 West Hastings Street, Vancouver, BC, V6C 2W2
Voting Security Details:
Deion
CUSIP Number
ISIN
COMMON
34637V101
CA34637V1013
Sincerely, Computershare Trust Company of Canada / Computershare Investor Services Inc. Agent for

[Martsch]

Formation Metals - A “Safer” Way To Speculate (Gamble) In The Rare Earth Market?

Contact Peter Grandich at [e-mail]

Back in September I gave an update in The Prospector on one of my clients, Formation Metals Inc (TSX-FCO), a company I have been following for a number of years. As a refresher, Formation Metals, after over a decade of exploration, development, feasibility and permitting, has reached the financing phase for construction and production on their 100% owned Idaho Cobalt Project. Why then the mention of Rare Earth metals? More on that in a moment.

Recall that cobalt is an essential metal used for the manufacture of key components for jet engines, and re-chargeable batteries for wireless devices and hybrid vehicles. A Lithium-Ion battery, the preferred choice for next generation re-chargeable batteries for electric and hybrid-electric cars, contain on average 4-5% lithium, while they can contain over ten times that amount of cobalt by weight. As the US is the second largest consumer of this critical metal (China is the first) and there is no current domestic source for cobalt, Formation Metals’ Idaho Cobalt Project has been getting a lot of attention lately - and for good reason:

* The Idaho Cobalt Project is a primary cobalt mine, unique to the U.S. The vast majority of cobalt is produced worldwide is as a by-product from copper and nickel mining operations
* The cobalt to be produced is expected to meet very high purity standards suitable for critical applications in the super-alloy sector, such as in the manufacture of jet engine turbine blades
* The Company not only owns the mine 100%, but also the refinery that will produce the high purity cobalt metal
* In addition to cobalt, the Idaho Cobalt Project is expected to produce by-product copper and gold.

Aside from the above, a potential new player has joined the list of by-product production -Rare Earth Elements.

Of course the Rare Earth Elements (REE’s) just didn’t recently appear - they have been there all along (in albeit lower concentrations), but it seems only now that management has decided to talk about them. “The occurrence of REE’s in our mineralized horizons has been known for quite some time”, commented Rick Honsinger, a geologist and V.P. Corporate Communications with Formation Metals, “but we have never had enough sample material to initiate preliminary metallurgical test work to determine the viability of concentrating, extracting and separating the REE’s until this latest round of drilling.”

In October and again earlier this month, Formation Metals announced results of its “mine optimization” drilling, with positive results that have extended the known strike length of the deposit and is expected to ultimately increase its reserve and resource base and hence mine life. The drilling was initiated to assist in mine optimization studies, which basically boils down maximizing ore production as early in mine life as possible, resulting in a positive impact on the overall economics of the project. No doubt these studies are being done to help appease potential mine financiers.

The second goal of the diamond drill program was to provide material for metallurgical test work on the REE’s. In their latest news release dated November 5, 2010, the Company stated “Any potential future REE production would be considered by-product production with provisions for mining, milling and concentrating already included in the existing approved mine plan.” This is an important point - and the reason I believe that Formation Metals is an interesting way to play the REE markets while hedging against not being able to extract any REE’s at all - the success of their project has nothing to do with REE production. If at the end of the day they find that it is not feasible to extract the REE’s, then the investor knows that the refuge of cobalt, copper and gold production is still there - at least according to the company’s Feasibility Study and their National Instrument 43-101 Technical Report.

Getting back to cobalt, I note the company, in partnership with Puget Ventures and Dig Media, has created a CobaltInvestingNews.com website, designed to provide its audience with insight on the economics influencing the cobalt markets and on the very limited public companies that are involved in primary cobalt exploration and production. The website also highlights another point worthy of note; being a future North American producer, Formation Metals’ cobalt will be “conflict free” with a known supply chain. Recent legislation in the United States has called for electronic manufactures to provide disclosure on the sources of the material used in the production of their products - cobalt is widely used in everything from computers to magnets. Currently, much cobalt is derived from overseas countries with serious social responsibility and sustainability issues.

Ultimately of course, the Company needs to secure an adequate financing to continue construction (they have already completed Stage I), which based on my discussions with management, is more a matter of when, not if. The capitalization expenditures to build the mine are on the order of some US$140 million, relatively not expensive in mining terms and they seem quite confident that positive updates on financing progress, perhaps announced in the form of tranches, can be out before the end of the year. Based on what I know about this management’s track record of tenacity, whether they announce anything on financing before the end of the year or not, they are not about to give up until it’s done.

Peter Grandich is the founder of Grandich.com and Grandich Publications, LLC, and is editor of The Grandich Letter which was first published in 1984. On his internationally followed blog he comments daily about the world’s economies and financial markets and posts his views on social and political topics. The result is an insightful and intuitive look at business, finances and the world, set in a vernacular that just about anyone can understand.

He is a member of the National Association of Christian Financial Consultants, and a long-standing member of The New York Society of Security Analysts and The Society of Quantitative Analysts.

Quelle: http://www.theprospectornews.com/weekly_1122_02.php

[donnerpower]

Sehr starke News bei Formation metals

http://www.marketwatch.com/story/formation-metals-mandates-b…

Formation Metals Mandates BNP Paribas to Arrange Idaho Cobalt Project Debt

VANCOUVER, BRITISH COLUMBIA, Nov 30, 2010 (MARKETWIRE via COMTEX) -- Formation Metals Inc. (CA:FCO 2.11, 0.31, 17.22%) ("Formation") is pleased to announce it has signed an Engagement Letter with BNP Paribas Securities Corp. ("BNP Paribas") to act as sole Mandated Lead Arranger and bookrunner for a senior secured debt facility (the "Facility") for the construction and operation of Formation's 100% owned Idaho Cobalt Project (the "ICP"). Based on an indicative term sheet negotiated between BNP Paribas and Formation through its financial advisor, Auramet Trading, LLC ("Auramet"), the Facility may take the form of an amortizing construction / term loan or Letter of Credit supporting the issuance of tax exempt industrial bonds. The establishment of the Facility remains subject to, amongst other things, customary due diligence by the lenders and credit approval. All parties are excited at working toward the execution of the Facility as an integral part of the mine financing.

About BNP Paribas

BNP Paribas (www.bnpparibas.com) is one of the six strongest banks in the world (rated AA by Standard

[donnerpower]

Antwort auf Beitrag Nr.: 40.620.734 von donnerpower am 01.12.10 09:05:33

Formation Metals Mandates BNP Paribas to Arrange Idaho Cobalt Project Debt

VANCOUVER, BRITISH COLUMBIA, Nov 30, 2010 (MARKETWIRE via COMTEX) -- Formation Metals Inc. (CA:FCO 2.11, +0.31, +17.22%) ("Formation") is pleased to announce it has signed an Engagement Letter with BNP Paribas Securities Corp. ("BNP Paribas") to act as sole Mandated Lead Arranger and bookrunner for a senior secured debt facility (the "Facility") for the construction and operation of Formation's 100% owned Idaho Cobalt Project (the "ICP"). Based on an indicative term sheet negotiated between BNP Paribas and Formation through its financial advisor, Auramet Trading, LLC ("Auramet"), the Facility may take the form of an amortizing construction / term loan or Letter of Credit supporting the issuance of tax exempt industrial bonds. The establishment of the Facility remains subject to, amongst other things, customary due diligence by the lenders and credit approval. All parties are excited at working toward the execution of the Facility as an integral part of the mine financing.

About BNP Paribas

BNP Paribas (www.bnpparibas.com) is one of the six strongest banks in the world (rated AA by Standard & Poor's i.e. 3rd rating on a scale of 22) and the largest bank in the eurozone by deposits. With operations in 85 countries BNP Paribas provides a full range of product and distribution capabilities, including a dedicated group specializing in providing debt solutions to the energy, metals and mining industries for project and structured finance. BNP Paribas is perennially a highly ranked market leader in global project finance and mine project finance, respectively, with a global syndication capability.

About Auramet Trading, LLC

Auramet is a global physical precious metals merchant run by experienced professionals providing a full range of services to all participants in the precious metals chain, from extraction and production to manufacturing and consumption. Auramet prides itself on building strong and loyal relationships and provides physical metal merchant, merchant banking and structured finance and advisory services for its clients.

About Formation Metals, Inc.

Formation is a well established mineral exploration, development and refining company who, through its 100% owned subsidiary, Formation Capital Corporation, U.S., is developing the ICP. Through its wholly owned subsidiaries, Formation has additional interests in base, precious metal and uranium projects in Canada, the United States and Mexico. Formation is dedicated to the principles of environmentally sound mining and refining practices, and believes that environmental stewardship and mining can co-exist. Formation trades on the Toronto Stock Exchange under the symbol FCO.

About the Idaho Cobalt Project

The 100% owned ICP is a unique, "shovel ready" and fully environmentally permitted primary cobalt deposit and refining facility that will be capable of producing high purity cobalt metal. Cobalt is used in a wide variety of environmental and high-tech applications, including re-chargeable batteries and superalloys required in the aerospace sectors. Currently, the United States is the world's second largest consumer of cobalt and is totally reliant on foreign sources for this essential metal.

Formation Metals Inc.

Mari-Ann Green, C.E.O.

This press release contains "forward-looking statements" within the meaning of applicable Canadian securities legislation. Generally, forward-looking statements can be identified by the use of forward- looking terminology. Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company does not undertake to update any forward-looking statements that are contained herein, except in accordance with applicable securities laws. Further information on the Company is available at www.sedar.com.

The statements contained in this news release in regard to Formation Metals Inc. that are not purely historical are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including Formation Metals Inc.'s beliefs, expectations, hopes or intentions regarding the future. All forward-looking statements are made as of the date hereof and are based on information available to the parties as of such date. It is important to note that actual outcome and the actual results could differ from those in such forward-looking statements. Factors that could cause actual results to differ materially include risks and uncertainties such as technological, legislative, corporate, commodity price and marketplace changes.


Contacts:
Formation Metals Inc.
E.R. (Rick) Honsinger, P.Geo.
V.P. Corporate Communications
604-682-6229
[e-mail]
www.formationmetals.com

[maupiti]

“The availability of a number of these materials is at risk due to their location, vulnerability to supply disruptions and lack of suitable substitutes,” the report says, which also mentions some concerns about a few other minerals imported from elsewhere, such as cobalt from the Congo.

Den ganzen Artikel auf:
http://www.nytimes.com/2010/12/15/business/global/15rare.htm…

[Fruehrentner]

Antwort auf Beitrag Nr.: 40.721.424 von maupiti am 16.12.10 14:02:55

danke

http://www.nytimes.com/2010/12/15/business/global/15rare.htm…

[maupiti]

Sehr gute Nachrichten

Formation’s Stimulus Act Recovery Zone Bond Allocation
Increased to US $77.7 Million by State of Idaho
Vancouver, B.C., December 16, 2010 Formation Metals Inc. (FCO-TSX) (“Formation”) is pleased
to announce that its 100% owned subsidiary, Formation Capital Corporation, U.S., (the “Company”)
has been issued two revised Certificates of Allocation from the State of Idaho authorizing an
additional US $31 million in Federal Stimulus Program Recovery Zone Facility Bonds with the
Company as Ultimate Beneficiary. The bonds are to be issued by The Industrial Development
Corporation of Lemhi County, Idaho and the Industrial Development Corporation of Shoshone
County, Idaho. Any funds received from the sale of tax exempt bonds will be used to develop the
Company’s 100% owned Idaho Cobalt Project mine located in Lemhi County and retro-fit its
hydrometallurgical facility located in Shoshone County, Idaho (the “ICP”).
“This [US] $31 million is in addition to the allocation of [US] $46.7 million granted by Idaho’s
Department of Commerce to the Company in September”, stated Mari-Ann Green, Formation’s
Chairman and C.E.O. (see Company news release dated September 16, 2010). “The Company,
along with the two Industrial Development Corporations and the bond underwriter, can now
concentrate its efforts on getting the Recovery Zone Facility Bonds issued prior to the December 31,
2010 expiration date for this category of bonds. This affords the Company the flexibility to apply for
approximately [US] $45.4 million in Solid Waste Private Activity Bonds at a future date, as these
types of bonds do not have an expiry date. Following the expected issuance of the Recovery Zone
Facility Bonds, the Company will continue to work to secure credit approval for long term bank
project financing as outlined in the Company’s news release dated November 30, 2010”, Ms. Green
concluded.
The Company has engaged Thornton Farish Inc, Investment Bankers as the underwriter for the
Recovery Zone Facility Bonds. Thornton Farish is widely recognized as one of the early pioneers of
industrial revenue bond financing. The firm has extensive expertise and experience in all forms of
tax-exempt bond financing; including recovery zone facility bonds and solid waste bonds.
The 100% owned Idaho Cobalt Project is a unique, fully permitted primary cobalt deposit that will be
capable of producing high purity cobalt metal. Cobalt is used in a wide variety of environmental and
high-tech applications that include the re-chargeable battery and aero-space sectors.
Formation Metals Inc. is dedicated to the principles of environmentally sound mining and refining
practices, and believes that environmental stewardship and mining can co-exist. Formation trades
on the Toronto Stock Exchange under the symbol FCO.
FORMATION METALS INC.
“Mari-Ann Green”
Mari-Ann Green,
C.E.O.
For further information please c

[donnerpower]

Reuters:

China fährt Export Seltener Erden stärker zurück

Mittwoch, 29. Dezember 2010, 15:04 Uhr


Peking (Reuters) - China beschwört mit einer weiteren Drosselung der Exporte Seltener Erden einen Handelsstreit mit den USA herauf.
Die Volksrepublik senkt die Ausfuhr der begehrten High-Tech-Rohstoffe in der ersten Jahreshälfte 2011 faktisch um 35 Prozent im Vergleich zum Vorjahreszeitraum und damit stärker als erwartet. Das geht aus einer Mitteilung des Handelsministeriums in Peking vom Mittwoch hervor. Der deutlichere Rückgang nährt Befürchtungen, die Metalle für den Herstellung von Computern, Halbleitern, Elektromotoren und Windturbinen könnten knapp werden und ihr Preis deutlich steigen. Zudem wird wahrscheinlicher, dass die USA ihre Drohung wahr machen und in der Angelegenheit die Welthandelsorganisation anrufen.

Erst am Dienstag hatten die Chinesen einen Rückgang um zehn Prozent angekündigt und bereits damit Besorgnis der US-Regierung ausgelöst. Ein Sprecher der EU-Kommission sagte, die Europäische Union beobachte die Ausfuhrquoten. Es werde erwartet, dass sich die Volksrepublik an die Zusicherung halte, die Exporte nach Europa zu garantieren. Über die Gesamtausfuhren für 2011 sei noch nicht entschieden worden, teilte das Ministerium am Mittwoch weiter mit. Gleichzeitig versuchte China, die Wogen zu glätten und Sorgen vor drohenden Engpässen zu zerstreuen: Die Gesamtquote könne nicht allein aus der Zuteilung für die erste Jahreshälfte hochgerechnet werden, hieß es.

Unter dem Protest von Industrieländern hatte China angekündigt, die Ausfuhr der für die Technologiebranche unersetzbaren Metalle zu drosseln und im kommenden Jahr mit höheren Zöllen zu belegen. Dies geschieht der chinesischen Regierung zufolge, um die Umwelt zu schützen und die Belieferung der eigenen Wirtschaft zu sichern. In der Volksrepublik werden gegenwärtig 97 Prozent der weltweiten Menge der 17 Metalle gefördert, die unter dem Sammelbegriff Seltene Erden zusammengefasst werden. US-Konzerne wie der iPhone-Hersteller Apple als auch japanische Firmen bemühen sich seit einiger Zeit, Lieferungen Seltener Erden anderer Länder zu ergattern.

SONY LÄUFT STURM, DAIMLER UND BOSCH WINKEN AB

Während der japanische Elektronikriese Sony die jüngsten Quoten kritisierte, gaben sich deutsche Autobauer und -Zulieferer entspannt. Die geplanten Einschränkungen beeinträchtigten Sony zwar nicht direkt, aber sie behinderten den freien Handel, sagte ein Sprecher des Unternehmens. Sony bemühe sich, die Abhängigkeit von den Metallen zu verringern. Seltene Erden werden in einer Reihe von Bauteilen für Sony-Produkte wie Flachbildschirme, PCs und Spielekonsolen benötigt.

Der Stuttgarter Autobauer Daimler erwartet keine Engpässe. "So selten wie man annimmt, sind die Seltenen Erden nicht", sagte eine Sprecherin. Daimler beziehe die in vielen Ländern vorkommenden Metalle von Zulieferern und könne künftig auch Elektromotoren einsetzen, die keine seltenen Erden benötigten. Auch der Autozulieferer Bosch winkte ab: "Das ist kein großes Thema für uns", sagte ein Sprecher. Noch sei das Zeitalter der Elektromobilität nicht im großen Stil in der Autobranche angebrochen. Die Auswirkungen der gedrosselten Exporte auf die Elektronikindustrie seien größer. Noch im Herbst hatte Bosch-Kfz-Technik-Chef Bernd Bohr hingegen vor Engpässen und der Abhängigkeit von China gewarnt. Bosch benötigt die Seltenen-Erden-Metalle Neodym und Dysprosium für Elektromotoren, Zündspulen und Sensoren, um elektromagnetische Effekte zu erzeugen und nutzen zu können.

Die Nachricht der verringerten Ausfuhrquoten ließ den Aktienkurs von China Rare Earth Holdings, einem Förderer Seltener Erden, um fast 14 Prozent steigen. Die Papiere des australischen Konzerns Lynas, der über die größten Vorräte Seltener Erden außerhalb Chinas verfügt, legten um mehr als zehn Prozent zu. Auch die Anteilscheine anderer Anbieter wie Arafura Resources und Alkane Resources waren gefragt.

Coalcorp`s Formation M. schafen dagegen noch

[donnerpower]

Antwort auf Beitrag Nr.: 40.775.811 von donnerpower am 29.12.10 20:35:13

nicht schafen sondern schlafen

[scout]

Hallo, aufwachen,
falls es noch einen Investor hier gibt!
Es ist unglaublich aber wahr: Die Finanzierung der Mine steht nun.
http://finance.yahoo.com/news/Formation-Metals-Receives-ccn-…
Altaktionäre können jetzt hoffen, ihre bisherigen horrenden Verluste ausgleichen zu können. Für Neueinsteiger sind die Chancen für gute Kursgewinne groß!
Scout

[ooy]

Warum der Absturz, sieht doch Alles gut aus:

IRW-PRESS Formation Metals Inc.: Formation Metals unterzeichnet Abkommen für untertägigen Bergbaubetrieb und gibt aktuellen Stand der Bautätigkeiten im Kobaltprojekt Idaho bekannt


Autor: IRW Press
| 30.08.2011, 14:00 | 116 Aufrufe | 0 |





Formation Metals unterzeichnet Abkommen für untertägigen Bergbaubetrieb und gibt aktuellen Stand der Bautätigkeiten im Kobaltprojekt Idaho bekannt

Vancouver, B.C., 29. August 2011, Formation Metals Inc. (FCO-TSX) („Formation“) hat heute bekannt gegeben, dass seine 100 %-US-Tochter Formation Capital Corporation (das „Unternehmen“) mit Small Mine Development, L.L.C. (SMD) ein Abkommen für einen untertägigen Bergbaubetrieb auf dem zu 100% unternehmenseigenen Kobaltprojekt Idaho („ICP“) unterzeichnet hat. Weiters hat das Unternehmen von JDS Energy & Mining (JDS) die aktuellen Ergebnisse der laufenden Bautätigkeiten erhalten.

Die von JDS zur Verfügung gestellten Aufnahmen von den Bautätigkeiten sind in den entsprechenden Bildergalerien auf den Webseiten www.formationmetals.com und www.idahocobalt.com ersichtlich.

Das mit der Projekt- und Bauleitung betraute Unternehmen JDS hat mitgeteilt, dass der Bau planmäßig voranschreitet.

Fortschritt der Bautätigkeiten - Mine und Verarbeitungsbetrieb Salmon, Idaho:

Straßenarbeiten:

• Ausbau der Zufahrtsstraßen ist abgeschlossen

• Profilierung und Planierung der Straßenoberfläche und Begradigung der Bankette im Zugangsbereich der Mine ist im Gange

• Zerkleinerung von Gesteinsmaterial für Bauzwecke ist im Gange

Brecher und Konzentrationsanlage:

• befinden sich auf der Bergspitze in einem Bereich namens Big Flat - das Erz wird mittels Schwebebahn hierher verbracht und zerkleinert bzw. zu Konzentrat verarbeitet

• Fundamente für Brecher und Konzentrationsanlage befinden sich in Bau und stehen kurz vor Fertigstellung

• mit der Betonierung soll im September begonnen werden

• anschließend Errichtung der Gebäude, in denen Konzentrationsanlage und Brecher untergebracht sind

Schwebebahn:

• Über die ungefähr 2.500 Fuß lange Schwebebahn wird das Erz in einem 6 Kubikyard großen Förderbehälter vom Minenportal hinauf zum Brecher und zur Konzentrationsanlage von Big Flat transportiert

• Die Errichtung des Bahnturms erfolgt nach Sondierung der eingereichten Angebote

Stromversorgung:

• Idaho Power Corporation hat die Aufrüstung der Schaltanlagen abgeschlossen

• Mit dem Bau der Stromversorgungsleitung wird kommende Woche begonnen

Bankette im Minenportalbereich:

• Auf 7.060 Fuß Niveau (Minenzugang) wird eine Plattform für einen Shop, ein Stromumspannwerk und die Schwebebahn errichtet

• Die Grabungsarbeiten schreiten voran

• Ein mechanisch stabilisierter Erdwall zur Befestigung der Portalbankette wird derzeit von Hilfiker Retaining Walls errichtet

• Die Anlieferung der für den Erdwall erforderlichen Materialien ist in der ersten Septemberwoche geplant

Zusätzliche Erdarbeiten vor Ort:

• Aushub eines Abraumteichs ist im Gange

• Bau der Anlage für die Zwischenlagerung von Abraummaterial und Gesteinsrückständen schreitet voran

Fortschritt der Bautätigkeiten - Kobaltproduktionsanlage, Kellogg, Idaho:

Betonarbeiten:

• Absichtserklärung mit Contractors Northwest Inc. (CNI) aus Coeur d´Alene/Idaho unterzeichnet

• CNI will in der kommenden Woche mobile Baustrukturen errichten und Maschinen und Anlageteile auf den Standort Kellogg verbringen

Gebäudeerrichtung:

• Garco Building Systems aus Spokane/Washington wird mit der Errichtung der Gebäude beauftragt, die Vertragsverhandlungen befinden sich in der Endphase

Vertrag für untertägigen Bergbaubetrieb:

Small Mine Development, L.L.C., wurde 1982 vom ehemaligen Marineoffizier und Bergbautechniker Ron Guill gegründet. Das Unternehmen mit Sitz in Boise/ Idaho ist Branchenführer im Bereich der untertägigen Bergbauverfahren. SMD verwendete als erstes Unternehmen Zement zur Hinterfüllung im Cut-&-Fill-Bergbau. Heute kommt dieses Verfahren in vielen untertägigen Projekten in Nevada zum Einsatz; auch in der Kobaltmine Idaho wird es eingesetzt. SMD ist für die Gründung und Leitung eines ambitionierten Teams aus Bergarbeitern sowie für die Beschaffung von Werkstoffen und Maschinen für einen sicheren, produktiven und kosteneffizienten Bergbaubetrieb in der Kobaltmine Idaho zuständig. Bill Scales, President der US-Tochter Formation Capital Corporation, meint dazu: „SMD ist für seine sicheren und effizienten Bergbaumethoden bekannt und wir freuen uns, dass wir mit ihnen zusammenarbeiten dürfen.“

Formation Metals Inc. ist ein etabliertes Rohstoffexplorations-, -erschließungs und -verarbeitungsunternehmen, das sich den Prinzipien einer umweltfreundlichen Bergbau- und Verarbeitungspraxis verschrieben hat und der Ansicht ist, dass Umweltschutz und Bergbau keinen Widerspruch darstellen. Die Aktien von Formation werden an der Toronto Stock Exchange unter dem Börsensymbol FCO gehandelt.

FORMATION METALS INC.

„Mari-Ann Green“

Mari-Ann Green,
C.E.O.

[Videomart]

Rick Mills: Cobalt Is the King of Critical Metals

Source: Zig Lambo of The Critical Metals Report (8/30/11)
http://www.theaureport.com/pub/na/10736

[ooy]

Antwort auf Beitrag Nr.: 42.024.559 von Videomart am 31.08.11 09:30:00

Bin gestern mit Startposition rein...

[maupiti]

Formation Metals Provides Construction Update on Idaho Cobalt Project
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 09/08/11 -- Formation Metals Inc. (TSX: FCO) ("Formation") announced today that its 100% owned subsidiary, Formation Capital Corporation, U.S., (the "Company") has been provided an update on the progress of construction being managed by JDS Energy & Mining (JDS) on its 100% owned Idaho Cobalt Project ("ICP").

Pursuant to Formation's news release dated August 29, 2011, earthworks at the ICP mine site have progressed well and planning is underway for future execution of key milestones such as grid power establishment, concrete pouring and construction of the portal bench to allow for the commencement of underground mining.

The Power line contractor has been mobilized and has started demolishing the existing line and clearing the right of way for the new line. New power line poles are secured at the Company's staging area outside the town of Salmon awaiting transportation to the mine site. The concrete supply and construction contract has been awarded with construction kick-off meetings scheduled for later this week. Dahle Construction is on site with the portal bench, concentrator and crusher pad under construction in preparation for concrete pouring. The topsoil stripping and storage stage of construction is complete at the Tailing Waste Storage Facility ("TWSF"), water management ponds, and wetland mitigation areas with construction continuing on these structures.

Construction is advancing at the Cobalt Production Facility located outside of Kellogg, Idaho, where the cobalt concentrate will be processed into high purity end product metals. Foundations of a pre-existing structure have been demolished. The concrete curb and pad demolition and concrete removal was done in preparation for the laying out of footing excavations for the new Cobalt Production Facility building on the old site. As they become available, additional construction photos will be posted on the company's websites at www.FormationMetals.com and www.IdahoCobalt.com.

Natural forest fires at this time of year in the Salmon-Challis National Forest are a common occurrence as evidenced by the Clear Creek fire that burned through the ICP project area in 2000. Currently, the Salt Fire is burning approximately 12 miles south east of the ICP mine site and, as a precaution, the Idaho Cobalt Mine construction crews have been temporarily evacuated from the mine site. The evacuation order, issued by the Lemhi County Sheriff, is currently not expected to cause any significant delays in construction of the Idaho Cobalt Mine.

"Our first priority is the safety of our crews," commented Preston Rufe, Environmental Manager for the Company. He continued, "The fire is not expected to reach the project and is not considered a threat to any structures or equipment at this time. We are more concerned about the access roads to the project that lie at lower elevations and are more susceptible to fire exposure which could create a safety issue for workers using the limited ingress and egress to the mine site. Regardless, as an additional safeguard, heavy equipment has been moved to safe areas that include the center of the TWSF, which is a large cleared area encompassing tens of acres with no vegetation to act as fuel."

Formation Metals Inc. is a well established, mineral exploration, development and refining company that is dedicated to the principles of environmentally sound mining and refining practices, and believes that environmental stewardship and mining can co-exist. Formation trades on the Toronto Stock Exchange under the symbol FCO.

Formation Metals Inc.

Mari-Ann Green, C.E.O.

http://www.finanznachrichten.de/nachrichten-2011-09/21291969…

[maupiti]

Neue Präsentation (September) ist verfügbar.

http://www.formationmetals.com/s/Presentations.asp

[maupiti]

MarketWire · Mehr Nachrichten von MarketWire · Archiv
Formation Metals' Bond Issuers Extend Date for Idaho Cobalt Project Credit Facility
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 10/06/11 -- Formation Metals Inc. (TSX: FCO) ("Formation") announced today that the date to provide letters of credit (the "Facility") to back the US$77.7 million raised in Federal Stimulus Program Recovery Zone Facility Bonds (the "Bonds") has been extended from October 6, 2011 to November 21, 2011 (see news release dated December 30, 2010). Proceeds raised from the issue of the Bonds are to be used exclusively for the development of Formation's 100% owned Idaho Cobalt Project ("ICP").

The Boards of Directors of the Bonds' issuers, The Industrial Development Corporation of Lemhi County, and The Industrial Development Corporation of Shoshone County, Idaho, both met in special sessions on Tuesday to approve the extension. The original indentures are amended effective October 5, 2011 to provide that the Facility must have an effective date not later than November 21, 2011. The investment banking firm Thornton Farish Inc. is acting as the remarketing agent for the Bonds.

Per the Company's news release dated July 29, 2011, the Facility being arranged by BNP Paribas contemplates two letters of credit totaling US$79.5 million that will support the payment of principal and interest accruing on the Bonds: (1) a Project Financing Letter of Credit, which is currently being syndicated by BNP Paribas on a best effort basis, consisting of US$58.5 million in support of the Lemhi County bonds for the construction and development of the ICP mine and mill facility and (2) a $21.0 million Financial Letter of Credit, in support of the Shoshone County Bonds for the retrofitting of the ICP hydrometallurgical plant and construction of the cobalt beneficiation plant.

It is now contemplated that the Project Financing Letter of Credit will be supported with a charge against the ICP and the Financial Letter of Credit will need additional support. Formation is currently reviewing its options to secure the additional support required for the Facility for the Shoshone County Bonds.

The 100% owned Idaho Cobalt Project is a unique, fully permitted primary cobalt deposit that will be capable of producing high purity cobalt metal. Cobalt is used in a wide variety of environmental and high-tech applications that include the re-chargeable battery and aero-space sectors.

Formation Metals Inc. is dedicated to the principles of environmentally sound mining and refining practices, and believes that environmental stewardship and mining can co-exist. Formation trades on the Toronto Stock Exchange under the symbol FCO.

Formation Metals Inc.

Mari-Ann Green, C.E.O.

http://www.finanznachrichten.de/nachrichten-2011-10/21563103…

[maupiti]

MarketWire · Mehr Nachrichten von MarketWire
Formation Metals Enhances Management Team
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 10/20/11 -- Formation Metals Inc. (TSX: FCO) ("Formation") announced today that it has appointed Mr. Michael G. Lee as General Manager of its 100% owned Idaho Cobalt Project ("ICP"). Mr. Lee will oversee all operations for the ICP.

Mr. Lee is a graduate of Mining Engineering from the Montana College of Mineral Science and Technology with over 33 years of mining related experience, specifically in the Pacific North West. He brings a wealth of knowledge and expertise in developing and operating both underground and open pit mines and milling and concentrating facilities through to closure and reclamation. He has a proven track record of developing and running safe, profitable mines and mineral processing plants.

Mr. Lee has previously held the roles of Vice President and General Manager of the Coeur - Galena Silver Mine as well as several management positions with ASARCO's projects including Mine Superintendent and Manager of Development Projects and Services. Prior to joining the Company, Mr. Lee held the position of Mine Superintendent for Montana Resources' copper and molybdenum Continental Mine in Butte, MT, and Vice President and General Manager for Apollo Gold's Montana Tunnels. His focus on quality control and his proven and proactive mine safety initiatives are aligned with the Company's dedication to environmentally sound and safe mining practices.

Formation also announces the appointment of Ken Mayer at the Hydrometallurgical Facility, who will be acting as Senior Accountant assisting the Comptroller and General Manager for the ICP. Mr. Mayer is a Certified Public Accountant and a Bachelor of Science graduate from Boise State University and an MBA graduate from Regis University in Denver, Colorado. He has over 30 years of diverse experience in public accounting, forecasting, and income tax auditing with a number of firms in both Idaho and Alaska. His last public position was with Native American Services Corporation in Idaho acting as Senior Accountant and Financial Analyst.

Formation Management welcomes the addition of these skilled individuals to their team which continues to grow in step with progress on the financing and construction of the ICP.

Formation's second quarter condensed interim consolidated financial statements were SEDAR filed on Oct 17th and exhibit a strong cash position of $54.7 million (as at August 31, 2011). The second quarter financial statements are also available at the company website at www.formationmetals.com.

Formation Metals Inc. is a well established, mineral exploration, development and refining company that is dedicated to the principles of environmentally sound mining and refining practices, and believes that environmental stewardship and mining can co-exist. Formation trades on the Toronto Stock Exchange under the symbol FCO.

Formation Metals Inc.

Mari-Ann Green, C.E.O.

http://www.finanznachrichten.de/nachrichten-2011-10/21692971…

[AcrossAsia]

was derzeit bei Formation abgeht...........ist erschreckend und faszinierend zugleich. Schade eigentlich, dass sich hierzulande kaum einer dafür interessiert.



Eine Leihgabe aus stockhouse:


Formation is a remarkable buying opportunity.

The current sitiation reminds me of the same period in 2008 when forced selling by redemtion calls on invesstment funds along with mindless selling by retail investors drove many stocks below their cash values.

Those who loaded up on such risk free stocks were well rewarded with huge gains.

T.ORV comes to mind.

I bought it around
.45 or about 50 % of its cash value and it subsequently went to over $3.

Lets look at the current situation with Formation..

1.....Current cash position is $55 million or
.61 per share.

2....it has a fully permitted and profitable mill that has a hard value of $20.5 million and is currently toll milling silver and gold at annual rates of $15 to $20 million in gross sales.....and at least another
.30 per share

3....it has a very strong project ............ICP....which will be the only supplier of high quality cobalt to the US which currently imports most of its requirements from China

4...cobalt prices remain robust and should increase once this temporary slowdown in world growth end

5...the ICP with its bymetal credits is a low cash cost mine ( about $8 per lb ). The project will get done.

6...even if the ICP is temporarily suspended, profits from Formation's tolling mill should be sufficient to pay reduced operating costs which will reduce the cash burn rate to zero.

As was the case in 2008 , there is a complete disconnect between what the markets are valuing companies at and reality right now.

Regardless, ICP construction is continuing on track and they are moving forward with the financing.

Those who use tradestation data know that 1 Anonymous has been a persistent seller over the past several months.

Undoubtedly, this has triggered some panic and tax loss selling by retail investors.

Note that Formation issued 53 million shares at $1.50 earlier in 2011. This is probably the source of this stressed selling. There is little that can be done while this is taking its course.

But, it will end at some point and recently block crosses have been appearing in the trade data which indicates that those shares can be taken out much quicker and with less impact on the share price.

In summary, the ICP is an outstanding project that will, if not now, eventually get done.

It is a very strong asset that is 30 % thru its development costs and remains a viable project.

Cash on hand and profits from the tolling mill downsides any current risks to zero.

That means a perfect buying opp.

If you wish to keep yourself updated, you can call or email the corporate IR....... [e-mail]

http://www.stockhouse.com/Bullboards/MessageDetail.aspx?s=FC…

[pisa]

Antwort auf Beitrag Nr.: 42.276.914 von AcrossAsia am 30.10.11 11:30:26

Ja ist kaum zu glauben. Sie haben 55 mio cash , die marketcap im Moment ist aber nur 40 mio. Wenn man jetzt kauft, bekommt man eine Firma mit ABschlag (!) auf Ihre cash position sowie folgendes für genau umsonst:
1. Das einzige pure cobalt Project in USA
2. Die existierende Refinery fuer Gold und Silber die mit Gewinn arbeitet
3. Den Anteil am high grade Uran Projekt das mit Cameco betrieben wird.

Der Markt spielt im Moment folgendes
- Formation bekommt sein 80 mio Finanzierung (debt) nicht hin
- sie verbrennen die 55 mio cash

Was natuerlich Bloedsinn ist. Im schlimmsten Falle verzoegert sich der ramp up der Produktion. sie koennen die Kosten runterfahren und auf dem cash sitzenbleiben bis sich die Rahmenbedingunen verbessert haben. Alternativ koennten sie natuerlich noch uns um Geld fragen, das wuerde bedeuten das man dann mitmachen muesste da der momentane Preis zu einer erheblichen Verwaesserung bei einer hypothetischen KE fuehren wuerde.
Enjoy,
Pisa

[AcrossAsia]

So wie heute kann es gerne weitergehen....bislang über 30 % plus in Kanada... und das bei hohem Volumen.

[Tschonko]

Antwort auf Beitrag Nr.: 42.290.550 von pisa am 02.11.11 13:05:54

@pisa,
na ja, ganz so ist es auch nicht.

Du musst schon die Schulden noch einrechnen und was das ramp up noch kosten wird.

Die Refinery ist auch noch da und unbewertet oder haben sie die verklopft.

Zum ersten mal hab ich die 2004 gekauft, noch als Silberwert.

Vorgestern wieder mal eingestiegen. Nenn ich Glück, hab zufällig den Anstieg von den 0,42 gesehen.

Grüße

[brocklesnar]

Hallo zusammen,

kann jemand einen RT-Chart aus CAN einstellen?

klingt interessant die Story

gruss brocki

[Tschonko]

Antwort auf Beitrag Nr.: 42.292.538 von brocklesnar am 02.11.11 19:01:43

BNP ist aus der Finanzierung ausgestiegen.
So ein Mist!
Na, die haben andere Probleme zur Zeit!

http://www.istockanalyst.com/business/news/5518492/formation…

War nur als Buchgewinn schön....
so geht´s!

[ooy]

Antwort auf Beitrag Nr.: 42.297.403 von Tschonko am 03.11.11 15:50:20

Habe gestern 40% der Stuecke verkauft und dachte schon, es war ein Fehler...
Die Frage ist, wann zurueckkaufen, heute jedenfalls noch nicht...

[hasi22]

Antwort auf Beitrag Nr.: 42.297.403 von Tschonko am 03.11.11 15:50:20

Heute etwas zugelegt und lese mich langsam ein:


BNP wäre eh kein idealer Partner zu dieser Zeit.

Mit dem Bilanzzustand der Firma sollte eine Finanzierung eigentlich nicht wirklich ein Problem sein.