http://www.southbouldermines.com.au/

South Boulder Mines (STB) MEET 0.34 After lunch break, up 8%.

Lucky, I bought it at 0.26 .

Fertiliser fills larder in food crisis

Robin Bromby | May 05, 2008;http://www.theaustralian.news.com.au/story/0,25197,23644000-5005200,00.html
BACK in December, somewhat ahead of the rest of the crowd, we started to talk about investing in
fertiliser components --- potash and phosphate --- as the world needs more and more food.
The latest development in this story is the announcement from China last week that it will clamp down on exporting
fertiliser. With food prices rising 21 per cent in the first three months, the Beijing bosses are trying to make sure
fertiliser prices don't rise and hurt its farmers due to supply problems at home.

Orocobre (ORE) has a lithium project in Argentina, but potash could be a lucrative by-product. First sampling has
begun. Reward Minerals (RWD) has reached agreement with the Martu people in Western Australia for the
development of the Lake Disappointment potash project, while South Boulder Mines (STB) has acquired three potash
and phosphate properties in that state.

other Fertiliser STOCK: MAK,MNM,RWD

 Excited announcement! BFE makes a beautiful day in his history.

Date                             VWAP       Volume            Value          Transactions    Dilution    Open    High    Low    Close
28/05/2008                    0.21    2196529    463905.0313      108                       1.0000    0.20    0.28    0.18    0.19

PROPOSED ACQUISITION OF IRON ORE, DOLOMITE AND LIMESTONE
PROJECTS IN KOGI STATE, NIGERIA
Transaction Highlights:
· Black Fire Energy to acquire advanced package of iron deposits in Kogi State,
Nigeria.
· Package contains six projects containing magnetite style mineralisation. Potential
for hematite mineralisation also exists.
· The Company's exploration target is 400-600 million tonnes of potential iron
mineralisation grading between 15-65% averaging 30-36%. The potential quantity
and grade is conceptual in nature. There has been insufficient exploration to
define a Mineral Resource under the JORC Code and it is uncertain if further
exploration will result in the determination of a Mineral Resource.
· Potential access to existing beneficiation facilities at Itakpe as well as
transportation via an existing railway to Warri Terminus, 24km from the port.
· Project proximity to existing rail, road and power infrastructure to limit CAPEX
requirements and fast track project development.
· Availability of substantial historical geological data generated by the Geological
Survey of Nigeria and National Steel Raw Materials Exploration Agency
(NSRMEA).
· Alliance with the Sovereign Ruler of Ebira Kingdom, Kogi State, Nigeria, HM
King Dr Ado Ibrahim, provides access to further mineral opportunities within
Kogi State.
· Favourable political and regulatory environment for foreign investment. New
Minerals and Mining Act introduced in February 2007.
· Development of limestone and dolomite resources as feedstock to the Ajaokuta
Steel complex and extension as feedstock to existing cement production.

The Directors of Black Fire Energy Ltd (Black Fire Energy) (ASX:BFE, BFEO) are
pleased to announce that they have entered into a conditional Heads of Agreement to
acquire a 100% interest in AICO Ado Ibrahim Mining Company Ltd (AICO). AICO is
the beneficial owner of a package of exploration and mining licences in Kogi State,
Nigeria as follows:
Project Name Commodity Licence Details
Ebiya 1 & 2 Iron Ore EL 786 & 787 (granted)
Ajabanoko Iron Ore EL 764 (granted)
Chocochoco Iron Ore ELA 3683 & 3684 (pending)
Agbaja Iron Ore ELA 5360 (pending)
KotonKarfi Iron Ore ELA 5358 (pending)
Basse Nge Iron Ore ELA 5359 (pending)
Oguda Marble ML 788 & 2541 (granted)
Osara Dolomite/Feldspar ML 725 & 727 (granted)
On completion, Black Fire Energy will have an exclusive Alliance Deed with the
Sovereign Ruler of Ebira Kingdom, Kogi State, HM King Dr Ado Ibrahim, to securitise
mineral exploration opportunities in Kogi State and through this transaction he will
become a major shareholder of Black Fire Energy.

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Halt at today!!! After 1 year's sleeping, it begin to fire.

Black Fire Energy continued to
progress its participation in 2 onshore Western
Australian oil and gas exploration programs as follows:

Moriary Prospect (EP 426) Lake Macleod Prospect (EP 439) 

View Summary of Black Fire Projects here.

www.blackfireenergy.com.au

Black Fire Energy Ltd

Directors

David Steinepreis is a Chartered Accountant and former partner of an international accounting firm where he specialised in strategic corporate advice for listed companies. He has been a director, adviser and major shareholder of various listed companies in the oil and gas, mining and technology sectors. David is also a founder and Chairman of Ascent Capital Pty Ltd which specialises in the recapitalisation and listing of ASX companies.

Matthew Sheldrick is a Chartered Accountant and spent 10 years in the securities industry, advising domestic and international institutional clients on Australian resource equities. He has previously been CEO of ASX listed Gawler Resources Ltd and Eureka Energy Ltd.

Gary Steinepreis is a Chartered Accountant providing corporate, management and accounting advice to a number of companies involved in the resource, technology and leisure industries. Gary is also a founder and Director of Ascent Capital Pty Ltd.

STOCK EXCHANGE ANNOUNCEMENT
AUSTRALIAN CHINA CLAYS
“Green Cement Products”
Exclusive Supply Contract Signed
for High Growth Middle East Markets
Minerals Corporation is pleased to announce the signing of a 5 year renewable
exclusive supply agreement for the very high growth Middle East markets of Saudi
Arabia, Kuwait, Bahrain, Qatar, United Arab Emirates and Oman. In spite of subdued
growth expectations in major global construction markets, these rapidly developing
concrete product markets are forecast to grow by 40% in volume within 5 years. The
UAE Masdar new “green city” project alone is budgeted at US$22 billion. We are
cautiously confident of winning an attractive proportion of business in the various
cement sectors in this region and are in dialogue with a number of interested target
customers.
C V Alexander
Managing Director
About MSC:
MSC has commissioned a world class china clay (kaolin) project at Skardon River, in
northern Queensland which is currently in the marketing roll out stage. Additional
premium quality kaolin projects are being developed in China and Western Australia
which will transform MSC into a leading regional based supplier with a full range of
exceptionally high grade kaolin products for the paper, paint, concrete, polymer,
cosmetic, pharmaceutical and ceramic industries focused on S. E. Asia and selected
world markets.
Contacts: Vic Alexander, CEO Tel: 02-9290 2400

from http://www.cnbc.com/id/21206178

PetroChina Selling Accelerates at Warren Buffett's Berkshire Hathaway - Stake Now 5.4%

Posted By:Alex Crippen

Topics:Sudan | China | Warren Buffett

Companies:PetroChina Company Limited | Berkshire Hathaway Inc.

Warren Buffett's Berkshire Hathaway has sold more shares from his controversial PetroChina holdings, bringing his stake to 5.4% of the stock not held by the Chinese government.

Berkshire held over 11% of the stock in July and almost 10% at the beginning of this month.

As you can see in the table below listing the total shares held at each filing, the selling is picking up speed, especially with the most recent filing. It shows an average selling rate of 80 million shares a day since the previous filing just four days earlier. (Under Hong Kong Exchange rules, not every sale has to be disclosed, just those that take the stake across a whole percentage number.)

Berkshire has disposed of almost 1.2 billion shares since July. At this rate, it looks like Buffett may be moving to liquidate the entire position.

What's driving the selling? As we've been saying all along, that's a matter of speculation since Buffett rarely explains his actions as he's taking them.

One obvious answer: taking a huge profit, roughly 600 percent since he built the stake back in 2003. PetroChina shares hit a record high last week. Currently, in U.S. trading:

PetroChina Co Ltd PTR   186.08 4.46 +2.46%

Quote | Chart | News | Profile | Add to Watchlist

[PTR 186.08 4.46 (+2.46%) ]

Another possibility, which isn't necessarily contradictory: pressure from human rights activists unhappy with China's business ties to Sudan. Reuters quotes the director of China Oil and Gas Research of CLSA as saying, "He's being pressured by the human rights activists about PetroChina's parent's involvement in Sudan. He may sell all by the end of the month."

Responding to the September 21 sale, the group Investors Against Genocide says on its web site, "With each additional sale .. we get an increasingly clear demonstration that Berkshire Hathaway is on a path to divest its holdings."

Or perhaps, as Eric Berkowitz emailed to Warren Buffett Watch, it's the comfort factor (which is also not necessarily contradictory.) "I think the bottom line is that Buffett and Charlie Munger are much more comfortable investing in terrific All-American companies with great brands and strong, long lasting fundamentals. A major investment in an overseas company represents the same unknown factor that kept them out of the technology and internet boom and bust of the late 1990s."

=============

http://news.xinhuanet.com/fortune/2007-09/27/content_6799611.htm

巴菲特犯低级错误 没预测到中石油业绩持续增长

2007年09月27日 09:13:10 　来源：中国证券报

2000年中石油在香港上市之时，每股发行价格只有1.27港元，上市不久甚至还跌破了发行价，最低1.10港 元。而就是在这种情况下，巴菲特用自己的慧眼发现了中石油的价值所在，以1.10港元到1.20港元之间的价格买进11.09亿股中石油H股；随后又以 1.61港元至1.67港元不等的价格增持8.58亿股中石油H股，持股量增至23.48亿股，

成为仅次于英国石油公司的中石油第三大股东。如今7 年的时间过去了，中石油H股的股价于9月24日收盘达到14.30港元。巴菲特在中石油上的投资取得了丰厚的回报。但就是这样一位在中石油的投资中获得巨 大成功的“股神”，在中石油的股价节节上升的时候，却已经先后三次减持。

7月12日，巴菲特以每股平均价格12.441港元出售了1690万股中石油的股票，涉资约为2.1亿港元，将其持有的中石油股权比例从11.05%下调至10.96%。

8月29日，巴菲特再次大笔减持中石油，该次减持数量多达9265.8万股，每股平均价11.473港元，涉资约10.63亿港元，其对中石油的持股比例由10.16%下降至9.72%。

9月6日再度减持2800.4万股中石油(0857.HK)股份，并再次利用平邮“优势”巧妙拖延申报时间。在本次减持中，每股平均价11.47港元，涉资约3.2亿港元，巴菲特持股量由9.07%降至8.93%。

就这样巴菲特三度减持中石油，三次合计回笼资金约16亿港元。

但也就离他最近一次减持后的18天，在这短短的时间里中石油股价却上涨了 24.67%，大大高于他的投资年收益率（16%）！那么巴菲特为什么会犯这么低级的错误？因为巴菲特仅仅是三维投资者，没有跨越时间这条轴，没有预测到 中石油未来业绩的持续性增长，没有看到中石油价值严重低估：

1.巴菲特没有预测到石油价格趋势——石油是不可再生资源，未来石油价格必将新高不断！

2.巴菲特没有预测到中石油产能的爆发性增长——中石油发现的中国南堡油田储量要 远远高于原来的10亿吨(油当量)的储量。中国科学院院士、中国石油天然气股份有限公司副总裁贾承造9月22日于北京召开的中国油气论坛上透露说：“我们 预测最终南堡油田海上将探明10亿到16亿吨(油当量)的储量，加上陆上的储量，南堡油田的整个(探明)储量最终可能突破20亿吨。”

3.巴菲特没有预测到中石油作为大蓝筹回归A股势在必行。

号称“股神”的巴菲特其实并不神！

=======

巴菲特是价值投资型，对泡泡股不敢兴趣。

====

kenneth: 从图上可以看出，巴菲特在3/10，4/10，8/10又卖出了大量的中石油，并且会清空。 有没有犯低级错误，市场自己会说明的。

Level 2, 45 Richardson Street, West Perth WA 6005 PO Box 568 West Perth WA 6872 t: 61 8 9481 2433 f: 61 8 9322 5907
www.halcyongroup.com.au
ASX Announcement & Media Release
9 October 2007

METALLURGICAL UPGRADE POTENTIAL CONFIRMED

Highlights

• Metallurgical testing results of Canegrass Nickel Cobalt Project
• Confirms expected upgrade potential and nickel recovery from wet screening
• Similar beneficiation characteristics to Norilsk Nickel’s Cawse deposit

Halcyon Group Ltd (ASX:HCY) is pleased to announce results of metallurgical testing of its Canegrass Nickel Cobalt Project,
(tenements M24/290 and M24/39) covering an area of 15.4 km2 of the highly prospective Walter Williams Formation, located 70
kilometres north west of Kalgoorlie.
Metallurgical bulk samples of “upgradeable ore” were extracted using a Caldwell rig in the Patch-Gulch area in June 2007. The
samples were tested for beneficiation potential (wet & dry screening), grindability, abrasion index, and sizings by AMTEC.
Comparing dry and wet screening, samples from Patch-Gulch area provide expected upgrades to Ni % and Ni metal recovery. The
results confirm that wet screening is more effective than dry screening, with the grade doubling and a 50% recovery of Ni metal.
For example, a head grade sample as low as 0.45% Ni was beneficiating up to 0.9% Ni with a 50% recovery.
Managing Director, Iggy Tan said that the positive results confirm exactly what the Company expects of the Canegrass ore body.
The project is roughly 25 km along strike to the Cawse Nickel Operations owned by Norilsk Nickel.
“As we expected the beneficiation potential of our ore is very similar to the Cawse deposit. The Cawse operation utilises a
crushing and wet screening beneficiation plant at the front end of their process and obtain very similar upgrade performances”, said

Mr Tan.
Iggy Tan
Managing Director
About Halcyon
Halcyon Group Ltd is a Perth-based Nickel exploration company listed on Australian Securities Exchange, exchange code HCY. The Company’s primary focus
is on exploring, realising and expanding the economic potential of the Canegrass, Mount Pleasant, Lake Marmion, Goongarrie East and Bardoc projects in
Western Australia’s Eastern Goldfields. Halcyon acquired Mineral Rights to access and sell 140,000 tonnes of nickel metal in laterite nickel products from the
Canegrass nickel cobalt project. Members of the Halcyon Board and management team have proven records in mineral exploration, project development and
project financing.
For further information please contact
Iggy Tan – Managing Director +61 8 9481 2433 John Nayton – External Affairs +61 (0) 422 414 983
email: iggy@halcyongroup.com.au email: naytoncom@bigpond.com

===

 This morning, it touched to 0.038(20%)  just after 10 minutes opening. It is testing the resister of up.

back to 0.033 at lunch time.

14:00, big buyer comes to buy up again, 0.034 gone just a 80K$ deal.

===

Posted By:poly2006 : looks like HCY is in play today excellent volume on the back of a nice piece of news about the METALLURGICAL UPGRADE of their nickel project, basically with benefication they can double the nickel recovery

crazyjimsmith: This is a good long termer but I think there are lots of desperate sellers who paid 4c or more and are dumping into the strength

Kenneth: I am lucky because I hold it mostly.

MPJ breakout, closed at 0.011 , it will begin to run very fast in the following weeks.

http://imagesignal.comsec.com.au/asxdata/20071001/pdf/00765124.pdf

Dear Shareholder,
The past financial year has been a major success for the Company. We have continued with our
exploration efforts at the Talga Peak Project in the Pilbara, where we have continued to record
interesting base metals results. The Company recently announced its EM survey results which
have highlighted a number of strong targets that warrant further drilling.
The major transformation over the past two years has been the growth of the Company’s balance
sheet, net profit and net tangible assets (NTA). In 2005-6 Mining Projects Group Limited
(“MPJ”) had net assets of $4.1m, reported a net operating loss of $4.6m, and had NTA backing
of approximately 0.27 cents per share. As at 30 June 2007 MPJ reported that net assets have
grown to $18.5m, a net profit of $6.5m and NTA backing of 1.23 cents per share, an increase
of approximately 350% over the period.
The favourable financial position in which the Company finds itself is the result of a number
of well executed business decisions that were implemented by the board over recent periods.
MPJ has consistently invested its funds in what it believes are worthwhile mining projects and
where appropriate, has elected to leverage those investments into shares and options in listed
public companies. The growth in the value of these investments has provided MPJ with a substantial
net asset position, principally in the form of listed securities. It is the intention of MPJ to realise
the value of some of these shareholdings and use the proceeds to acquire and develop new and
potentially valuable mining projects in its own right.
The Company has been delighted with its association with, and the performance of, companies
such as Atlas Iron Limited, Mintails Limited and Eleckra Mines Limited all of which have created
significant value for MPJ shareholders.
In terms of the reported net profit of $6.5m shareholders should note that these profits are yet to be
realised as they are based predominantly on the increase in the value of investments in the Company’s
portfolio, and may therefore be subject to market fluctuations, both positive and negative.
It has been a most rewarding year for the Company. however, it would be pleasing to see MPJ
shareholders rewarded through the MPJ share price more closely reflecting the Company’s
potential and intrinsic value.
It has been an excellent 12 months for MPJ and on behalf of the board I thank you for your
ongoing support.
Bryan J. Frost
Executive Chairman

ELK fools the day traders, while ADY seems strong

ELK continue rises after in the morning, up to 0.785 from yesterday close 0.42, but it falls to 0.49 near closing time. It fools so many day traders who following ELK this morning.

ADY has 40M$ value traded near closed. Maybe some good news will come out soon. ADY is a good stock like SDL,but I don't like ADY cause it already rise 20 times from the history lowest point 2 years ago.

other STOCK keeps silent.

Kenneth CHEN report 08/10/2007

=====

http://aspect.comsec.com.au/asxdata/20071005/pdf/00767029.pdf

ADY.ax news

Admiralty Appoints New Managing Directors
Robert Michael Clarke – Admiralty Resources NL
Phillip Thomas – Rincon Lithium Limited
Highlights:
• Admiralty Resources is embarking on a demerger of its core projects, the Cia
Minera Santa Barbara iron ore operations in Chile and the ADY Resources Ltd
Rincon Salar lithium project into separate Australian listings, which will be ratified
at an extraordinary meeting of Admiralty Resources shareholders in February or
March 2008;
• Robert Michael Clarke has been appointed Managing Director of Admiralty
Resources NL and commenced his duties on 5 October 2007. He is responsible for
the Australian listed entity and its interests in the Cia Minera Santa Barbara
project.
• Phillip Thomas has been appointed Managing Director of Rincon Lithium Limited,
and will remain as a Director on the Admiralty Board and will be appointed
Chairman of the Board of Cia Minera Santa Barbara shortly. He is also
responsible for the Bulman and Pyke Hill projects.
• Anthony Blumberg currently a director of Admiralty Resources will also continue
as a Director of the Rincon Lithium Ltd business when it lists. It is currently a
100% owned subsidiary of Admiralty Resources NL. Two other directors will be
sought closer to the time of listing, expected to be March 2008.
• Admiralty will announce the cut off date to shareholders for entitlement to the new
Rincon Lithium Limited shares. Demerge details are posted on the website
www.ady.com.au under news, commentary.

14/09/2007

Seven years after buying it’s initial China Clays investment, Minerals Corporation Limited is emerging as Australia’s leading industrial minerals company – with assets spread across Australia’s major China Clay - or Kaolin – deposits at Skardon River, QLD and Swan River, WA.

With plans to float its successful china clay business in London in November, the company is now focussing on a number of highly promising projects with the potential to take the company into another major growth phase.

Managing director and CEO Mr Vic Alexander told The Australian Investor its china clay inestment has grown from an initial A$6m investment to around A$60m at cost, with an independent valuation of about A$180m.

“We recently restructured the business to consolidate all the clay assets into one entity. Registered as Australian China Clays plc, Minerals Corporation will be the dominant shareholder and operator when the new company floats on the LSE AIM Market in November, and this will be an important step in returning value to our loyal shareholders.” The float will help fund a full-scale processing plant in WA as well as port infrastructure to meet expected annual throughput of over 150,000 tpa at Skardon River.

Demand for premium grade kaolin is on the increase – it’s a major manufacturing ingredient in products ranging from coated papers, paints and polymers, rubber, ceramics, pharmaceuticals and cosmetics. The fastest growth area is Asia.

“It has taken 7 years to develop Skardon River into a world-class kaolin producer, and marketer of fine-grain premium quality Kaolin. The mine life is expected to be in excess of 100 years, and is well positioned to service the growing demand from Asia”. Over two thirds of the tenements have yet to be drilled.

“Because of delays and the long lead times - typical in building a customer base for industrial minerals - it has taken us longer than expected, and a considerable amount of fund rasing – through equity and debt. With over 1.5b shares on issue, today the share price is severely devalued , but early next month we will redeeming about half of our A$15m debentures, and some equity buy-back activity may be considered early 2008.”

In addition, the company has recently sponsored the float of private equity investment company China Century Capital Limited, (CCY), on the ASX raising A$6.6m, Mr Alexander explained, “The Chinese economy is continuing it’s strong growth, and China Century Capital is able to tap-into the huge demand for investment in China.” China Century Capital’s portfolio holds investments in renewable energy, telecommunications and construction minerals. Minerals Corporation holds a 22% stake in CCY and Mr Alexander is an executive director.

“The outcome of all this is that we expect a “new” Minerals Corporation to emerge towards the end of the year, and we have set our sights high for some major developments. For example, our 50% JV copper and uranium play in Belfield, QLD has the reasonable potential to be another Mt Isa – it is showing all the right early stage signatures. We are still at pre-drill, but the ground chemistry and recent aeromagnetic survey offer encouragement for a big potential resource,” Mr Alexander said.

“ We are watching closely our 25% share in the zircon rich Eucla Basin, as recent multi-billion dollar finds nearby discovered by Iluka and our own latest drilling results indicating a A$1b in-ground resource are very exciting. The area could well become the leading world province for heavy minerals and zircon, and we have options to increase our share with operator Diatreme Resources Limited to 35% in 2009, by which time we expect to have completed full feasibility”.

“Of course, developments continue in our WA and China premium grade kaolin projects. So, I think it’s reasonable to say that as there is strong expectation for the share price to more realistically reflect the true value of the company as these projects are better defined and become recognised by the market. The total asset value is many times the current market capitalisation.” Mr Alexander concluded.

from http://www.australianinvestor.com.au/magazine.asp?id=2526

keyword:msc.ax,china clay