AEE - Aura Energy

[mick2006]

Looks like it has taken a bit of a lunch time break off highs for the day although it has recently started moving up again. It may be a bit overbought today but the fact remains they are shortly going to release drill results on a 300+ hole drilling program in a known area of Uranium Deposits where they contain an area of 20 square km. It may settle down around this level but not many are willing to sell and upon any sniff of the drill results will send the stock higher again.

Remember DYOR

 

[greggy]

Looks like it has taken a bit of a lunch time break off highs for the day although it has recently started moving up again. It may be a bit overbought today but the fact remains they are shortly going to release drill results on a 300+ hole drilling program in a known area of Uranium Deposits where they contain an area of 20 square km. It may settle down around this level but not many are willing to sell and upon any sniff of the drill results will send the stock higher again.

Remember DYOR

Still a nice rise for one day.
DYOR

 

[mick2006]

don't miss this one today as one of the big gainers today it will get some press overnight and when the punters read about it it will pop at the open tomorrow

 

[michael_selway]

don't miss this one today as one of the big gainers today it will get some press overnight and when the punters read about it it will pop at the open tomorrow

thisoenhas jumped 50% today, amzaing

thx

MS

 

[mick2006]

just having a look a bloomberg's aussie market report it states that Aura Energy has said it has completed drilling at Wondinong Uranium project and that it has commenced testing samples, so maybe an announcement is closer than we thought. I thought that AEE may get a mention in the Australian Media overnight but bloomberg that is a bit of a surprise it might attract a few more investors tomorrow.

 

[mick2006]

a bit of profit taking today, but if patient a good time to top up. Nothing has changed since yesterday we are still awaiting results from a 300+ hole drilling program at Wondinong, an area that has already produced figures of uranium of up to 800ppm.
Also the joint venture with Mega Uranium will shortly commence field work so no shortage of news flow to keep the stock bubbling along.

Remember DYOR

 

[greggy]

a bit of profit taking today, but if patient a good time to top up. Nothing has changed since yesterday we are still awaiting results from a 300+ hole drilling program at Wondinong, an area that has already produced figures of uranium of up to 800ppm.
Also the joint venture with Mega Uranium will shortly commence field work so no shortage of news flow to keep the stock bubbling along.

Remember DYOR

I'm not surprised AEE has fallen today after a tremendous rise yesterday. I missed ouit on buying this one, but it will be interesting to see the Woondinong results. Until a couple ofweeks ago this one was well and truly overlooked.
DYOR

 

[jasoni]

WHats everyones take on this for a long term? Say 1 year and +?

 

[greggy]

WHats everyones take on this for a long term? Say 1 year and +?

Hard to tell with so much volatility. Its prospects look very interesting.
DYOR

 

[mick2006]

seemed to bounce well off the 53-54c mark twice today, maybe that is the downside for the moment, hopefully it will consolidate and start to move higher as the drill results are released over the coming weeks

remember dyor

 

[sydneysider]

seemed to bounce well off the 53-54c mark twice today, maybe that is the downside for the moment, hopefully it will consolidate and start to move higher as the drill results are released over the coming weeks

remember dyor

Hit a low of 45 cents (filling a gap), then turned and ran to 60 cents. looks very positive with very decent volumes running to the upside.

 

[sydneysider]

I'm not surprised AEE has fallen today after a tremendous rise yesterday. I missed ouit on buying this one, but it will be interesting to see the Woondinong results. Until a couple ofweeks ago this one was well and truly overlooked.
DYOR

My broker tells me that AEE Uranium drill assays on Wondinong should be out in about the third week of February. That is (from memory) about 350 holes in total over an extremely large area. IMHO there is high potential for this drilling to lead to a JORC resource in the very near future. The area that was drilled out is about 9 square kms and the on surface U target is about one meter thick so the potential tonnage of the target is 22,500,000 tonnes of low grade BUT very easily extractable uranium. Guessing a grade and quantity of uranium at this stage is a little premature but I would assume that AEE are looking for +10-12,000,000 pounds or around 5,500 tonnes of U or more. This type of deposit could be fastracked into production very quickly as it is essentially a very shallow strip mine. At current prices of US$72 pound for U and assuming that the price gets above US$100 pound and at a mine rate of 2,000,000 pounds per year, annualized revenues would be US$200,000,000 / A$256,000,000.

There is a reason why Mega Uranium has said very nice things about Aura and why it is involved in a JV. IMHO AEE is one of the better run U explorers, that has potential to get to a market cap of at least $50 million giving it a stock price of around $2.00 a share (currently 50 cents, oppies 30 cents). This assumes that Wondinong turns into a low grade strip mine (similar to its neigbor Nova) Additional finds on its multiple targets would be a plus. I would not be surprised to see Mega takeover AEE down the road. Good luck to all longs.

 

[bigt]

I like this one, the shallow U would (as had been said) make this a relatively easy extract..so bought in on the recent mid-forties low. Results should be out very soon, hopefully positive. I think I read in this forum they have over 40 U projects in total.

 

[sydneysider]

I like this one, the shallow U would (as had been said) make this a relatively easy extract..so bought in on the recent mid-forties low. Results should be out very soon, hopefully positive. I think I read in this forum they have over 40 U projects in total.

AEE has run from 50 to 55.5 to-day. The oppies are extremely tightly held and are very well bid at 33 to ask at 39 cents. This may be the next major leg up on this IMHO undervalued U explorer.

 

[sydneysider]

With the Mega Uranium JV, this stock is looking more interesting by the minute.
DYOR

Went in a straight line from 55 to 65 this morning. Oppies reached 46 +13 cents. Volume is approaching one million. The joys of a roaring Uranium bull market. IMHO the market is expecting good news and soon.

 

[sydneysider]

Mega Uranium JV with AEE is over 6 Gunbarrel tenements nearby Mulga Rocks and Ponton which host 50,000 tonnes of U (a very big number). These are 6 calcrete targets in very large paleochannels. Mega has committed $3,000,000 for a 50% interest (must spend half in the next 18 minths so lots of action here) and another $3,000,000 to add another 20%. The fact that Mega is prepared to spend this amount of money attests to the quality of the targets. AEE's Bob Beeson will run the program. Mega have said very nice things about AEE management and IMHO the AEE Mega relationship will grow. ZFX have also JV'd with Drake which is the same AEE management on worldwide elephant targets.

AEE's JV at Gunbarrel gets underway shortly with airborne radiometrics. They are hunting in elephant country. Total number of U properties in WA is now around 40. AEE is a very underated, underfollowed stock but its technicals indicate that it could very quickly break out to much higher levels. at 57 cents valuation is $14.8 million which IMHO in this market is a severe undervaluation that will not hold (Wondinong U prospect alone could send AEE much higher).

 

[Sanhedrin]

Need we still keep firmly in the front of our minds that Western Australian Premier Dr Geoff Gallop is staunchly opposed to U mining still this is the stated policy of the WA Labour party.
Unless they have a major shift of policy in the April party confrence, AEE will not be able to mine any U in the WA.

 

[sydneysider]

Need we still keep firmly in the front of our minds that Western Australian Premier Dr Geoff Gallop is staunchly opposed to U mining still this is the stated policy of the WA Labour party.
Unless they have a major shift of policy in the April party confrence, AEE will not be able to mine any U in the WA.

This policy will change soon. Almost every nation on earth is now discussing ways to reduce Global warming. Last night President Bush spoke to the U.S. Congress and sounded like Al Gore on green house gas reduction. Remember that one pound of U replaces 50,000 pounds of coal and that the Australian Federal Government has the legal mechanism in hand to "open up" the WA uranium industry. The Federal Labor party will soon change its Federal policy also.

Major exploration money is pouring into WA U projects.

 

[bigt]

Appears they are applying for tennements in Sweden...interesting...there is apparently some very good ground in scandanavian countries, prospective for U.

(If I read their last ann correctly).

 

[Taurisk]

Need we still keep firmly in the front of our minds that Western Australian Premier Dr Geoff Gallop is staunchly opposed to U mining still this is the stated policy of the WA Labour party.
Unless they have a major shift of policy in the April party confrence, AEE will not be able to mine any U in the WA.

Hi

Dr Gallop retired for health reasons over a year ago - the present Premier of Western Australia is Alan Carpenter, an ex journo, but also opposed to U Mining, a fairly tightlipped man, impossible to read. Recently he was overseas and his deputy, Eric Ripper 'floated' a few ideas to the media, including a cautious statement about energy, i.e. Uranium, so there is hoping. Maybe I read too much into Ripper's statements.
Cheers

Taurisk