CTS - Contact Resources
- Thread starter Sean K
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The price of U isn't working favourably for them.. but I dont think we'll be seeing much action happening here until after the election and the govt affirms their position on U.
It would be good to have a crystal ball.
It would be good to have a crystal ball.
Just a couple of videos doing the rounds on CTS
a) http://www.investortv.com/stories/6868,806-18401,36652.html
This one's an interview with Napier (exec chairman); and in particular, take note of his final comment :-
“At the moment we are spending about $2 million on exploration programmes and drilling programmes in Peru and Kyrgyzstan. Next year we are going to increase that to around $5 million, and I think we’d be disappointed if we didn’t at least double the size of our resources after that next phase of exploration, and we’re aiming for much higher than that.”
b) http://au.youtube.com/watch?v=xvl5iEVWjdg
This 'silent film' has been out for a while now and is quite an impressive graphical presentation of the Peruvian tenements
a) http://www.investortv.com/stories/6868,806-18401,36652.html
This one's an interview with Napier (exec chairman); and in particular, take note of his final comment :-
“At the moment we are spending about $2 million on exploration programmes and drilling programmes in Peru and Kyrgyzstan. Next year we are going to increase that to around $5 million, and I think we’d be disappointed if we didn’t at least double the size of our resources after that next phase of exploration, and we’re aiming for much higher than that.”
b) http://au.youtube.com/watch?v=xvl5iEVWjdg
This 'silent film' has been out for a while now and is quite an impressive graphical presentation of the Peruvian tenements
Further to the above post, where Napier talks of 'at least doubling resource size' for all tenements, he mentions the Corachapi deposit specifically in the following article :-
http://www.theaustralian.news.com.au/story/0,25197,22403926-21703,00.html
where he says that, 'We actually think we can easily triple that resource'
Is he just ramping his beloved CTS?
Maybe he's just a positive, exuberant and excitable type? (irrational exhuberance!)
Or does he already know something that we dont know?
I mean,
a) it's not a case of just 'thinking', he is actually thinking ... does 'actually thinking' mean you 'know'
b) it's not a case of 'we can', but we can easily
b) it's not a case of 'increase' or 'double' the resource, but triple the resource.
Boy, I might appear to be pedantic here ... I suppose he is allowed to think aloud, but afterall, he is the executive chairman and he has made a BIG statement!
Oh well! ... the annual report did say that we should 'expect a flow of positive results coming through in the last quarter of 2007' ... and taking CTS literally, I suppose they still do have another 6 weeks to deliver the positive results!
But it would be interesting to know if they actually think they can easily deliver the positive results ON TIME!
Spoke to a CTS spokesperson in Perth this morning ... they are perhaps a week or two away in announcing Peru drilling results ... samples caught up in laboratory testing delays in Peru.
At least drilling has occurred!
At least samples are in the laboratory!
And at least they will be true to their earlier announcements when they indicated that results will be out by end of year!
At least drilling has occurred!
At least samples are in the laboratory!
And at least they will be true to their earlier announcements when they indicated that results will be out by end of year!
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Well it has been a long long wait for me, I am starting to lose patience with CTS
But 2 weeks more isn't that long, thats if its only another 2 weeks
Well it has been a long long wait for me, I am starting to lose patience with CTS
But 2 weeks more isn't that long, thats if its only another 2 weeks
Agree ... I cannot understand why companies in general do not give progess reports ... especially if they are experiencing delays ... just simple announcements to keep the market better informed!
And to quote CTS from previous announcements .... they 'expect a flow of positive results coming through in the last quarter of 2007'
Well ... I don't think ONE announcement in early December consitutes a FLOW!!! ..... It better be good!!!
Drill results here we come. And the halt comes at a time where the shareprice breached the longterm support of 50c which is strategic. Whether CTS will finally be revalued and stay above 60c after the drill results (if this announce is about that) is another story.
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I sure hope its the drill results, we've been waiting for what seems like forever!!!!!!!!
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Correct me if I'm wrong but trading halts are more likely to occur before negative price sensitive ann's about drill results, fundraising or positive ann's about JV's.
Positive drill results seem to just be announced. Am I right there?
Positive drill results seem to just be announced. Am I right there?
They seem to be getting used alot on stocks I watch even for positive announcements, I think it's another way of preventing news leaks driving the price up before the announcement.
FDL comes to mind where there was no price rises, a halt, and then a massive jump up. As opposed to other stocks where theres a massive rise pre announcement, then the announcement comes and the price falls!
FDL comes to mind where there was no price rises, a halt, and then a massive jump up. As opposed to other stocks where theres a massive rise pre announcement, then the announcement comes and the price falls!
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Drilling results are up.
Key points:-
· Very long eU3O8 intersections include:-
54.73m @ 0.026% eU3O8
41.34m @ 0.034% eU3O8
35.09m @ 0.033% eU3O8
34.17m @ 0.056% eU3O8
· Mineralisation at or near surface
· Mineralisation significantly thicker than previously estimated
· New mineralisation also identified in areas between
resource blocks
· Highest mineralisation grade is 2.07m @ 0.425% eU3O8
Key points:-
· Very long eU3O8 intersections include:-
54.73m @ 0.026% eU3O8
41.34m @ 0.034% eU3O8
35.09m @ 0.033% eU3O8
34.17m @ 0.056% eU3O8
· Mineralisation at or near surface
· Mineralisation significantly thicker than previously estimated
· New mineralisation also identified in areas between
resource blocks
· Highest mineralisation grade is 2.07m @ 0.425% eU3O8
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Hmmm well the grades are about 1/3rd what I was expecting so I am somewhat confused and dissapointed,
However the grades are comparable to BMN and BLR, both of which have mkt caps many multiples of CTS's, however unlike BLR and BMN, CTS's mineralisation is at or near surface , not 100m's-200m's underground so this is a big advantage as CTS's deposit will be amneable to open pit mining
The other positive thing is that I was only expecting 10m hits , not 50m hits, so this should easily allow for a trippling of the resource
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Correct me if i'm wrong but there are some very high grades 4250ppm @ 2m and 1190ppm at 2.2m, be happy to see more of these results in future drilling results
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No your right, its just the avg grade is probably 0.03% where as I was expecting an avg of at least say 0.075%
But yes there are high grade hits, we'll have to wait for more results to see how much high grade ore there is,
I think todays sell off is people fed up with waiting, they've waited and waitied saying to themself, wait for the drill results, wait for the drill results and now they're selling, or dumping should I say
I'm still holding, CTS looks cheap compare to peers
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yeah the grades are on the lower end of things but i think coupled with the country of the tennemants and access issues will make this project a dud.
coincidently off topic MHL has some historic U results which cr@p all over CTS's grades
coincidently off topic MHL has some historic U results which cr@p all over CTS's grades
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I don't think u realise how many Canadian companies are working around CTS my friend,
There's about 5, if you dig back through this thread you'll see I put up all the research on them,
Time will tell, but I woudln't write off the project at all
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yeah there are a few but i think that the fact that other people around them have operations doesn't really make that much of a difference to CTS. Uranium supplies aren't that sparse at the moment sure the spot price is high but realistically there aren't more reactors been built or proposed to be built than there are reactors due to be decommissioned. The U market is nowhere near as strong as the iron ore market is and CTS's grades just aren't that good.
I think the U op's that will make good returns in the near term are those with high grades and in established areas. That been said though that doesn't mean you can't make a profit trading CTS these days all you need is a fav ann or two or a bit of spec rumours and you can make dollars.
I just don't believe CTS will be a U miner anytime soon and would require improvements in things outside of its control to turn its deposit into an operation.
I think the U op's that will make good returns in the near term are those with high grades and in established areas. That been said though that doesn't mean you can't make a profit trading CTS these days all you need is a fav ann or two or a bit of spec rumours and you can make dollars.
I just don't believe CTS will be a U miner anytime soon and would require improvements in things outside of its control to turn its deposit into an operation.
