Novastar Resources LTD - Neuer Anlauf ! - 500 Beiträge pro Seite

[barabo]

Die Firma hat sich neu aufgestelle und das Volumen zieht wieder an :

[barabo]

Antwort auf Beitrag Nr.: 22.839.429 von barabo am 21.07.06 11:55:21

homepage :

http://www.novastarresources.com/phoenix.zhtml?c=121550&p=ir…

[barabo]

Antwort auf Beitrag Nr.: 22.839.493 von barabo am 21.07.06 11:58:37

Hinweis :
Novastar Resources macht aktuell Verluste und ob ein turn around geschafft wird, steht in den Sternen.

Die Empfehlung basiert ausschließlich auf den Chart.

Hier noch ein Auszug aus der Selbstdarstellung der Firma :

FORWARD-LOOKING STATEMENTS

This quarterly report contains forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. These statements relate to future events or our future financial performance. In some cases, you can identify forward-looking statements by terminology such as “may”, “should”, “expects”, “plans”, “anticipates”, “believes”, “estimates”, “predicts”, “potential” or “continue” or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors, including the risks in the section entitled “Risk Factors”, that may cause our or our industry’s actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements.

Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. Specifically, we cannot guarantee closing of our pending acquisition of Thorium Power, Inc. pursuant to the definitive merger agreement we signed with them on February 14, 2006.

Except as required by applicable law, including the securities laws of the United States, we do not intend to update any of the forward-looking statements to conform these statements to actual results.

Our financial statements are stated in United States dollars and are prepared in accordance with United States Generally Accepted Accounting Principles. In this quarterly report, unless otherwise specified all dollar amounts are expressed in United States dollars.

As used in this quarterly report, the terms “we”, “us”, “our company”, “the Company”, “Novastar Resources” and “Novastar” mean Novastar Resources Ltd., a Nevada corporation, unless otherwise indicated.

Background

We were incorporated under the laws of the State of Nevada on February 2, 1999, under the name of Aquistar Ventures (USA) Inc. Our company was organized for the purpose of exploring for and developing mineral properties primarily in the province of Ontario, Canada, through our wholly-owned subsidiary, Aquistar Ventures Inc. Aquistar Ventures Inc. was incorporated under the laws of the province of British Columbia, Canada, on April 13, 1995 and is now inactive.

On February 2, 2001 our company acquired 100% of the issued and outstanding capital stock of Custom Branded Networks, Inc., a Delaware corporation, in exchange for 25,000,000 shares of common stock of our company. Our company then changed its name to Custom Branded Networks, Inc. The business of Custom Branded Networks, Inc., which was our company’s wholly-owned subsidiary, was the provision of turnkey private label internet solutions to businesses and private organizations.

Effective May 10, 2005 our company changed its name to Novastar Resources Ltd. Its legal predecessor Custom Branded Networks, Inc. had ceased its business of providing private label internet solutions and was searching for new business opportunities in hopes of enhancing shareholder value. Our board of directors decided to pursue a business model within the mining and exploration sector and proposed a name change accordingly.

On February 14, 2006 we entered into an agreement and plan of merger with Thorium Power, Inc. (“Thorium Power”), a Delaware incorporated, Washington, D.C. area-based company that designs proliferation-resistant thorium-based nuclear fuels, and TP Acquisition Corp., a direct wholly-owned subsidiary of Novastar Resources we formed in connection with the planned merger .






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Our Business

Novastar is a minerals exploration company with the objectives of both driving global demand for thorium and becoming a global supplier of thorium to the nuclear energy industry. To this end, we have acquired and plan to acquire both physical properties and rights to properties that contain monazite deposits. The phosphate mineral monazite, which exists as a sand, contains concentrations of thorium oxide as well as other Rare Earth Minerals (REM). All commercial grade thorium metal (in Oxide Form) is extracted from mineral monazite.

On September 14, 2005 we entered into an agreement under which we were assigned certain mineral leases in Alabama, USA, prospective for mining thorium and REM. On December 31, 2005 we entered into an agreement to acquire a 51% (up to 91%) interest in certain other mineral leases located in Alabama, prospective for REM and Platinum Group Metals (PGM). On September 30, 2005 we entered in to an agreement to acquire a 100% undivided interest in three mineral interests located in the state of North Queensland, Australia prospective for mining Thorium and REM .

Effective January 10, 2006 we entered into a non-binding letter of intent for a business combination with Thorium Power, Inc. (“Thorium Power”). Thorium Power is a privately-held Washington, D.C. area-based company that develops and deploys thorium-based nuclear fuel technologies designed to stop the production of weapons-suitable plutonium and eliminate existing plutonium stockpiles (see www.thoriumpower.com ) . On February 14, 2006 we entered into a definitive Agreement and Plan of Merger (the “Merger Agreement”) with Thorium Power.

Effective March 17, 2006 Seth Grae, Chief Executive Officer and President of Thorium Power, became Chief Executive Officer, President, Interim Chief Financial Officer and Interim Treasurer of Novastar Resources.

On April 12, 2006 Thorium Power stockholders holding a majority of that company’s common stock approved the Merger Agreement by written consent, satisfying an approval condition contained in the Merger Agreement.

Upon consummation of the merger, which has been approved by the board of directors of both Novastar Resources and Thorium Power, Thorium Power will become a wholly-owned subsidiary of Novastar Resources, and the combined company will operate under the name Thorium Power Ltd.

Overview

Utilizing thorium based nuclear fuels has several important societal benefits, such as safety benefits, environmental benefits and non-proliferation benefits. Thorium is more abundant, more efficient and safer to use as a reactor fuel than uranium. Also important, thorium reactors leave behind very little weapons grade plutonium.

As of March 31, 2006 there was not yet global demand for thorium as a source of nuclear fuel. We believe that there will be significant surges in demand for thorium at some future point; however we are unable to predict when or if this will occur.

In addition to the acquisition of thorium properties and mineral rights, we have identified potential short-term revenue opportunities to supplement our business since other metals of commercial significance can be extracted from monazite, namely, REM of the Yttrium Group. REM can be divided into two groups, the first containing Yttrium, Lanthanum, Cerium, Neodymium (“Yttrium Group”), and the second containing Europium, Gadolinium, Terbium, Dysprosium, Holmium, & Erbium (“Dysprosium Group”). Mineral monazite only contains concentrations of REM classified in the Yttrium Group. We plan on processing and stockpiling REM as a by-product of mining and refining monazite into thorium oxide. We are in the process of identifying potential buyers of REM both in the United States and abroad.

Merger Agreement

On February 14, 2006, Novastar Resources entered into an Agreement and Plan of Merger (the “Merger Agreement”) with Thorium Power and TP Acquisition Corp., a direct wholly-owned subsidiary of Novastar Resources formed in connection with the transactions contemplated by the Merger Agreement. Concurrently therewith, Novastar Resources (1) adopted its 2006 Stock Plan, (2) entered into an employment agreement with Seth Grae, President and Chief Executive Officer of Thorium Power, (3) granted certain nonqualified stock options to Mr. Grae and (4) entered into a subscription agreement with Thorium Power for the purchase of 150,000 shares of






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common stock of Thorium Power for $4.00 per share. In addition, Novastar Resources amended and restated its consulting agreement with Alan Gelband.

Prior to and in connection with the execution of the Merger Agreement, Novastar Resources owned 37,500 shares of common stock of Thorium Power, also purchased for $4.00 per share. As at March 31, 2006 and currently, Novastar Resources owns 175,000 shares of Thorium Power’s common shares, or 4.74% of Thorium Power’s total common shares issued and outstanding. Upon consummation of the merger, these 175,000 shares will be converted to shares of Novastar Resources and retired to treasury.

In anticipation of consummation of the merger, on April 2, 2006 Paul G. Carter and Charles H. Merchant resigned from our board of directors and Seth Grae, Thomas Graham, Jr. and Cornelius J. Milmoe became the new members of our board of directors.

Upon consummation of the merger, which has been approved by the boards of directors of both Novastar Resources and Thorium Power as well as approved by stockholders holding a majority (57.9%) of the shares of Thorium Power, Thorium Power will become a wholly-owned subsidiary of Novastar Resources and the combined company will operate under the name Thorium Power Ltd. Under the Merger Agreement, each common share of Thorium Power will be converted into securities of Novastar Resources such that Thorium Power’s current stockholders will own less than 50.0% of the combined company, and each share of Novastar Resources common stock will remain outstanding. The combined company will be headquartered in the Washington D.C. area.

The merger is conditioned upon, among other things, approvals by stockholders of Novastar Resources and Thorium Power of certain corporate matters (received), no legal impediment to the merger, the absence of any material adverse effect on Novastar Resources or Thorium Power, completion of due diligence reviews by both companies, the declaration of effectiveness of a registration statement by the Securities and Exchange Commission and any other necessary regulatory approvals. The Merger Agreement contains certain termination rights for both Novastar Resources and Thorium Power, and further provides that, upon termination of the Merger Agreement under specified circumstances, either company may be required to pay the other company a termination fee of $500,000.

[Buddah]

Bodenbildung abgeschlossen?
grüsse b.

[Jannik04]

hab mich hier mal bei 0,38 USD 10K positioniert.... mal schauen obs ein kurzer zock oder was längeres wird?