WCU - White Canyon Uranium
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bigdog
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WCU White Canyon ASX ANN
29/04/2009 Change in substantial holding from GDN
http://www.asx.com.au/asx/statistics...idsId=00948004
Golden State has sold 6,000,000 White Canyon Uranium shares to a number of domestic and international clients of RBC Capital Markets.
-- proceeds were $1.2 million
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Very interesting action today. After an article on Proactive Investors.
Article link
The article indicated that :
- a mining permit is a given, expected 20th May. No environmental or public concerns voiced.
- Co. expect to have the mine operational using current cash
- Ramp-up to production to start immediately after permit recieved
- Production expected later 2009
The next ASX-listed uranium miner has come from leftfield and, given the recent buying, surprised a lot of people. Options look good value for leverage.
Article link
The article indicated that :
- a mining permit is a given, expected 20th May. No environmental or public concerns voiced.
- Co. expect to have the mine operational using current cash
- Ramp-up to production to start immediately after permit recieved
- Production expected later 2009
The next ASX-listed uranium miner has come from leftfield and, given the recent buying, surprised a lot of people. Options look good value for leverage.
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I bought some options this week Im very happy to say. Seems to be pretty much under the radar although for this stock the last two weeks could be considered major activity. Perhaps next week it will get noticed.
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Permit has been granted
http://www.proactiveinvestors.com.a...um-mining-in-utah-first-in-30-years-1562.html
http://www.proactiveinvestors.com.a...um-mining-in-utah-first-in-30-years-1562.html
G'Day, Mates!
I just discovered WCU on a Yahoo uranium forum for UEC. I've read the info on the WCU web site and the info on the ASX. I haven't seen, though, any reference if the construction has started at the Daneros site. Does anyone know if this happened?
The press release on 27 May 2009 indicated it would start immediately and continue for the next 100 days. I want to invest in WCU but also want all the info I can get. The Yahoo quote page for WCULF.PK has zero info. WCU is listed in the USA on the Pink Sheets, which are very risky and usually avoided.
Thanks in advance for any further details you can provide.
Cheers!
Bob
I just discovered WCU on a Yahoo uranium forum for UEC. I've read the info on the WCU web site and the info on the ASX. I haven't seen, though, any reference if the construction has started at the Daneros site. Does anyone know if this happened?
The press release on 27 May 2009 indicated it would start immediately and continue for the next 100 days. I want to invest in WCU but also want all the info I can get. The Yahoo quote page for WCULF.PK has zero info. WCU is listed in the USA on the Pink Sheets, which are very risky and usually avoided.
Thanks in advance for any further details you can provide.
Cheers!
Bob
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Hiya,
I hold WCU - bought in just before they got there approval to mine a few weeks back.
Although many still see the stock as being risky, I see lots of upside and have done a fair amount of my own research to verify my holding. Some good points:
Approval to mine issued - I've looked through it and it looks pretty standard - I'm in the planning/approvals indsutry)
First approval for a U mine in The Utah in 30 years.
On the hotcopper forum members have received emails from managment sayting consruction is underway and going to schedule (I have no reason to disbelieve them but have not verified myself)
Directors buying on market a few weeks back.
White Mesa Mill a few hundred clicks away to process U, mill currently shut down for maintenance - go to the management mneeting minutes of the company that run the mill and they are upgrading their feeding facilities. PLanned start-up for mill (direct from mill company) is August.
America showing renewed interest in nuclear fuel to reduce reliance on overseas fuel supplies - recently announced funding for 3 new nuclear power stations.
Meant to be production Sept/Oct - I'm holding out till the first product leaves the mine site!
I hold WCU - bought in just before they got there approval to mine a few weeks back.
Although many still see the stock as being risky, I see lots of upside and have done a fair amount of my own research to verify my holding. Some good points:
Approval to mine issued - I've looked through it and it looks pretty standard - I'm in the planning/approvals indsutry)
First approval for a U mine in The Utah in 30 years.
On the hotcopper forum members have received emails from managment sayting consruction is underway and going to schedule (I have no reason to disbelieve them but have not verified myself)
Directors buying on market a few weeks back.
White Mesa Mill a few hundred clicks away to process U, mill currently shut down for maintenance - go to the management mneeting minutes of the company that run the mill and they are upgrading their feeding facilities. PLanned start-up for mill (direct from mill company) is August.
America showing renewed interest in nuclear fuel to reduce reliance on overseas fuel supplies - recently announced funding for 3 new nuclear power stations.
Meant to be production Sept/Oct - I'm holding out till the first product leaves the mine site!
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For a stock that has been completing its mine in order to dig up its Uranium and should any day now be announcing that it has hit its Uranium resource and so will become the next ASX listed Uranium producer it has a non existant stock following
very strange
very strange
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so very quiet
flying under the radar
one announcement due soon will change all that
for those that follow and invest in Uranium well worth a look as this will be the next ASX listed Uranium producer
flying under the radar
one announcement due soon will change all that
for those that follow and invest in Uranium well worth a look as this will be the next ASX listed Uranium producer
YT I haven't looked over this much but i seem to be having some issue finding details on there actual resource size and there actual expected output.. all the numbers seem to be non existent.. either that Or i haven't looked far enough back yet..
Info like what are there operating cost per lb going to be profit per lb these are the important details no point i guess digging the yellow stuff out of the ground if it is going to cost nearly the same as you sell it for..
But interesting stock neither the less.
Info like what are there operating cost per lb going to be profit per lb these are the important details no point i guess digging the yellow stuff out of the ground if it is going to cost nearly the same as you sell it for..
But interesting stock neither the less.
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Hey Enigmatic
yes those things are all very important fundamentally
but to begin with the mere fact that this is the next ASX listed Uranium producer carries with it alot of weight
to which the market is yet to fully wake up to
WCU has effectively now joined the ranks of PDN and ERA by becoming a Uranium producer
the market cap differences between those and WCU are huge then again so are the resource profit and production profiles
but you get my point
yes those things are all very important fundamentally
but to begin with the mere fact that this is the next ASX listed Uranium producer carries with it alot of weight
to which the market is yet to fully wake up to
WCU has effectively now joined the ranks of PDN and ERA by becoming a Uranium producer
the market cap differences between those and WCU are huge then again so are the resource profit and production profiles
but you get my point
Fundamentally the size of the resource and cost to produce is a big factor however I can see were your coming from, being the next possible Uranium Producer on the ASX will be a big thing and with a current market cap of about 25mil. With very few peers and with energy and low carbon emissions becoming a big thing by 2012 I'm actually surpised at the price..
I'm sure there are alot of other uranium explorers not even close to production with far larger Mrk Cap.
If this breaks 27c and closes above it could possibly be a breakout and I might enter. from a TA prospective see chart below.
I'm sure there are alot of other uranium explorers not even close to production with far larger Mrk Cap.
If this breaks 27c and closes above it could possibly be a breakout and I might enter. from a TA prospective see chart below.
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WCUO offers some very very nice leverage at 2c... esp with the TSX listing on its way
cant see why WCUO isnt higher - oppies lagging again - granted they expire at the end of Jan, but they seem like a no brainer... so i'm in
cant see why WCUO isnt higher - oppies lagging again - granted they expire at the end of Jan, but they seem like a no brainer... so i'm in
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Hey Enigmatic
I could be wrong but for me this was a breakout above 25c on much larger than average volume
but the stock is still very tightly held with 80%+ being with the top 20 so dont expect too much volume to swish around either
I could be wrong but for me this was a breakout above 25c on much larger than average volume
but the stock is still very tightly held with 80%+ being with the top 20 so dont expect too much volume to swish around either
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25c support looks to have held and now its making a crack at 30c it seems
Given this is about to become the next ASX listed Uranium producer Im surprised its not higher
Given this is about to become the next ASX listed Uranium producer Im surprised its not higher
Definitely with you on that YT, looking over the buy and sell orders looks like there is far more buying then selling and some strong support a round 28.5-29.5c so glad I got in when i did.
Will be interesting to see how this plays out come Mid Jan when they announce there first sale.
I was looking though there announcements and it stated they were looking at about .5million Pounds a year, not really to knowledgeable about the cost and profit of Uranium mining.. Until i know those figures can't really make any calcs on expected value.
However looking promising.. DYOR
Will be interesting to see how this plays out come Mid Jan when they announce there first sale.
I was looking though there announcements and it stated they were looking at about .5million Pounds a year, not really to knowledgeable about the cost and profit of Uranium mining.. Until i know those figures can't really make any calcs on expected value.
However looking promising.. DYOR
