LTBR

[eliteG]

I think we are going to have to have patience on this one...at least I will...not looking at it intra-day.  6000 shares brought it up 10% maybe this is a sign that there is no supply? 
come on NVAS

[Loffigus]

Still in here.  

[Loffigus]

News out.

Novastar Resources In Negotiations to Acquire Interest in Second Australian Thorium Property
Wednesday July 13, 12:45 pm ET


NEW YORK--(BUSINESS WIRE)--July 13, 2005--Novastar Resources Ltd. (OTCBB: NVAS - News) has announced that it is in negotiations to acquire an interest in a second Thorium property in Australia. In April of this year, Novastar Resources acquired its first Thorium property in Queensland, Australia.
Negotiations for the second property commenced two weeks ago as Novastar is committed to pursuing the acquisition of both domestic and international Thorium stockpiles and in-ground reserves. Consummation of any final agreement is subject to positive feasibility and drilling reports. The Company has also noticed a significant increase in Thorium mining activity within Australia.

As part of Novastar's overall business strategy, the Company has prioritized the positioning of itself as a major global supplier of Thorium compounds. The company anticipates a surge in international demand, for Thorium, as world governments learn about the economic, environmental and social benefits of Thorium utilization. In addition Novastar Resources is focusing on strategic partnerships with United States based companies, as a means of generating national interest in Thorium based solutions.

Paul Carter, President of Novastar Resources, stated "Novastar is actively seeking to secure interests in as many econimically feasible Thorium properties as possible. Novastar will continue to invest in the future of alternative energy, through future acquisitions in the space"

There is increasing interest in utilizing Thorium as a nuclear fuel because Thorium is a more efficient nuclear fuel and far less radioactive than Uranium. Also, all of the mined thorium is potentially useable in a reactor, compared with the 0.7% of natural uranium, so some 40 times the amount of energy per unit mass might be available. Therefore, the thorium fuel cycle, with its potential for breeding fuel without the need for fast-neutron reactors, holds considerable potential long-term. It is a key factor in the sustainability of nuclear energy.

About Novastar Resources

Novastar Resources, Ltd. is a publicly traded company within the commercial mining sector and is a significant commercial mining source of Thorium, a naturally occurring nuclear energy more efficient and far less radioactive than Uranium. The company's stock is traded and quoted on the OTC Bulletin Board under the symbol NVAS. Further information is available on the company's website at www.novastarresources.com.

Safe Harbor Statement This press release may include certain statements that are not descriptions of historical facts, but are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities and Exchange Act of 1934. These forward looking statements may include the description of our plans and objectives for future operations, assumptions underlying such plans and objectives and other forward looking terminology such as "may," "expects," "believes," "anticipates," "intends," "expects," "projects," or similar terms, variations of such terms or the negative of such terms. Such information is based upon various assumptions made by, and expectations of, our management that were reasonable when made but may prove to be incorrect. All of such assumptions are inherently subject to significant economic and competitive uncertainties and contingencies beyond our control and upon assumptions with respect to the future business decisions which are subject to change. Accordingly, there can be no assurance that actual results will meet expectations and actual results may vary (perhaps materially) from certain of the results anticipated herein.

[eliteG]

thx for the news! (applaud) if only that translated to big $    still I love the action on NVAS today.  lets see if we can crack 0.2000

[gmarc66]

im still holding too...need it to hit .3 just to break...so here i wait!

good luck!

julia

[cumulina]

More news :

Thorium Power CEO Takes Seat on Novastar Resources Board
07/14/2005 10:30
Novastar Resources (OTCBB: NVAS) a significant global supplier of Thorium, a naturally occurring nuclear energy source, today announced that Seth Grae, President and CEO, Thorium Power, Inc., a privately-held Washington, DC area-based company that develops and deploys nuclear fuel designs developed to stop the production of weapons suitable plutonium and eliminate existing plutonium stockpiles, has been appointed to Novastar's Board of Advisors.

In addition to leveraging existing energy industry and government relationships, Mr. Grae will work with Novastar's executive team to effectively structure and implement a wide range of international business transactions in the areas of nuclear non-proliferation and energy generation.

"We are delighted to have Seth join our board," said Paul Carter, CEO, Novastar Resources. "He has a number of years of nuclear industry experience under his belt and is highly regarded as an innovator and savvy business leader. His skills, expertise and leadership will benefit us greatly."

Mr. Grae joined Thorium Power in 1992 and has held various executive positions with the company. He has set and implemented the company's strategy and led the company's efforts in structuring relationships with major companies, government agencies, universities, laboratories, and international organizations in several countries. Mr. Grae holds a B.A. Cum Laude in Economics from Brandeis University, a J.D. from American University, an LL.M. with Honors in International Law from Georgetown University, and an MBA from Georgetown University.

Over the last 30 years there has been increasing interest in utilizing Thorium as a nuclear fuel because Thorium is a more efficient nuclear fuel than Uranium. Also, all of the mined thorium is potentially useable in a reactor, compared with the 0.7% of natural uranium, so some 40 times the amount of energy per unit mass might be available. The thorium fuel cycle holds considerable potential long-term. It is a key factor in the sustainability of nuclear energy.

About Novastar Resources

Novastar Resources, Ltd. is a publicly traded company within the commercial mining sector and is a significant commercial mining source of Thorium. The company's stock is traded and quoted on the OTC Bulletin Board under the symbol NVAS. Further information is available on the company's website at www.novastarresources.com.

Could this push things a bit, perhaps?

[Loffigus]

All I know is that lately, every stock I pick I end up immediately losing 10-25% on it, usually the same day if not a couple days later.  It is getting very annoying.

[eliteG]

man that hurts  ..falling with every news piece..hate that  ... i'm thinkin this became a longer term play and I promised myself it wouldn't happen.  What do you guys think?

[anthony420]

I dumped all of mine last week at .195. I said that the PR announcement from the CEO was bullshit and these latest announcements are the same. Cut your losses and dump it. Buy some MYNG, much more promising in my opinion.

[Loffigus]

I am out at $.161
That hurt big time lost -39%
Oh well, gotta move on.

[gmarc66]

well..hoping not to have to take another loss..is there any possibility this will still move evenutally, say past .025 at least....cause if that's so..then i would just rather hold until it gets there? any speculations?

thanks very much,

julia

[anthony420]

You cannot think like that, you must sell, take your losses and buy something else. If you wait around for stocks to rebound, you will grow old doing.

[cumulina]

anthony420...I really do like the idea of the company.

I hope it'll come back up again.

I know that it's not right - seen from the perspective of a trader, so maybe I'll just have to mark this one "Investment".

Yes!
Investing in the future 

I'll hang on for a while longer.

[TRUNK]

Dang, I leave for the day and this is how the stock acts .. If I wasn't already holding a boatload I would certainly buy more at these levels so I certainly won't sell..

[agatto2]

soooooooo much change in volume in the last 10 months. Something is up elite,,, if you have a dime , i would say its worth the rhyme. mho. Im buying some later in the day,, friday and all ,  i have like a dollar floating around. Just kidding