CTS - Contact Resources

[KIWIKARLOS]

I do think CTS has alot going for it i just think that in the current market environment its having a bit of a hard time 12 months ago ann like this would see a jump in SP. But i think people are wary of investing in anything atm and even holding over night.

Hopefully they do get some better results from the next round of drilling, Im sitting in a cash position waiting for good buying opportunities and im keeping a close eye on CTS amoungst others.

 

[jman2007]

Looks like a recovery back to baseline support of around 50c might be underway, I'm guessing that a few investors got a bit angsty once the drilling results actually came out and were a bit disappointed with the grades.... I haven't actually had a detailed look at the results myself, but from what YT is saying they are comparable to industry peers, and this IS a shallow deposit.

jman2007

 

[rhen]

Salman forecasts that the spot price of uranium will average $102/lb this year, $162.50 in 2008, $186.85 in 2009, and $191.87 in 2010. Goldie predicted that the world's top uranium producer, Canada's Cameco, will realize average prices of $38.69/lb this year, $71.92 in 2008, $88.94 in 2009, and $106.25 in 2010.
Recommended stocks include Denison Mines (TSX: DML), Paladin Resources (TSX: PDN) and Uranium One (TSX: UUU).

 

[STRAT]

I have been watching CTS for some time and looking to time an entry. Today looks like a good day. Of course another day on the DOW like the last two and they will be even cheaper tomorrow.

Disc : Although this post lacks any real substance it is intended as genuine and in no way constitutes a ramp

 

[jman2007]

Ouch,

this one is really beginning to hurt me now after coming in at 51.5c. I'm not completely sure what sparked the mini-rout after this held around 50-52c for so long, but the chart is starting to look a bit tenuous. The trading volumes haven't been huge this morning, but do I intend to hold this long term, so my current position remains unchanged. Current levels around 37c might provide a good entry for the brave investor.

 

[IOT]

new results out anyone wish to give an opinion? Sounds positive but I am not sure how to analyze them.

 

[Sean K]

new results out anyone wish to give an opinion? Sounds positive but I am not sure how to analyze them.

Outstanding grades and much thicker than previous. Should be the basis for a significant upgrade to the JORC. Need to look at it a bit more to see the strike length and depth changes. Looks like they'll be able to move on to a PFS and probably BFS on this.

 

[YOUNG_TRADER]

I think the results were great, well outstanding if you go off what the company said

The company appears to have a very large good grade deposit ie 500ppm-800ppm (0.05% U - 0.08% U) but also has a very high grade core 1000ppm - 3000ppm (0.1% u - 0.3%U)

Here's an extract from the ann, note the words "Based on initial drilling results, the resource is expected to increase significantly and a prefeasibility study is planned."

 

[YOUNG_TRADER]

Hmmm CTS have certainly been busy

The Chairman Richard Napier has done some inteviews etc re the project

To view the interview video link please visit: http://www.finnewsnetwork.com/Display.aspx?Site=FNN117&Vs=DIR&Vc=IV&Vm=Int_CTS_150408.wmv
To view the audio link please visit: http://www.finnewsnetwork.com/Display.aspx?Site=FNN117&Vs=DIR&Vc=IV&Vm=Int_CTS_150408.wma


And Warrick Grigor of FAR East Capital has also done an updated research report on CTS, see below for a link and extract

http://www.contacturanium.com.au/_content/documents/623.pdf

 

[bigt]

Any thoughts on the 3 000 000 (yes 3 million) sell at 59c??

Thats a big slice of pie! Could this be someone trying to push down the price by scaring holders, having no intention to sell?

 

[prophet174]

Any thoughts on the 3 000 000 (yes 3 million) sell at 59c??

Thats a big slice of pie! Could this be someone trying to push down the price by scaring holders, having no intention to sell?

If its UBS nominees selling then holders/traders are in big trouble! Can anyone see who the seller is?

 

[bigt]

WOuldnt have thought UBS would "advertise" such a big sell, with the potential impact of knocking down the price and having no hope of getting 59c. They'd sell parcels over a period of time, probably into some strength. I'm no insti expert though, it may be a tact to snap up more.

 

[Sean K]

That's not uranium, that's krypronite!!

Minor intersection, but geeesh!

KIHITIAN, PERU UPDATE: THREE NEW PROSPECTSKIHITIAN, PROSPECTS IDENTIFIED, GRADES UP TO 34.75% U3O8

Highlights:
•
Recent field exploration identifies 3 new uranium prospects at Contact’s Kihitian Project, Peru
•
Sampling programme returns spectacular uranium grades in massive mineralisation of up to 34.75% U3O8
•
Sampling and detailed mapping planned - drill ready targets envisaged by mid 2008

Around 5% is the highest grades I've seen before. Surely they jest?

 

[KIWIKARLOS]

It was only a tiny pocket 0.8 m wide by 0.8 m deep maybe a few hundreds metres of the stuff would be spectacular and probably visable from space:

 

[pk_wasp]

Is 34.75% = 34,750PPM?

Because that is huge rock/chip sample, biggest I've ever seen so far.

 

[dj_420]

Perhaps they just chipped out the visible lumps to be tested for rock chip samples.

It has been suggested before that they do that to dress up results.

 

[YOUNG_TRADER]

Perhaps they just chipped out the visible lumps to be tested for rock chip samples.

It has been suggested before that they do that to dress up results.

I thought so too,

I mean at those levels of U it would be dangerous to humans wouldn't it?

CTS are still plugging away but with the market in subprime/credit fallout and U out of flavour not many

 

[pk_wasp]

Opps I got it wrong

345 000PPM uranium lol.

Whats the high ever record value?

But u all are right, there is no sentiment in Uranium at the moment, plenty of time to accumulate this one.

 

[jman2007]

Well a stunning intersection,

But representative of the overall grade here? Probably not. Glad to see that investors are finally starting to be more objective with these types of releases. I get the impression they were desperate to get some "feel good" news out in light of the recent sp performance.

If you want a high-grade uranium deposit, then check out Cameco's Macarthur River mine, approx 20% grade and they use remote controlled robots to mine the ore after freezing it with liq nitrogen.

Sorry a bit off topic there, but thought it would be worth mentioning.

jman

 

[IOT]

Becoming a substantial holder from RRS after the close today... 8million shares or 8.36%...but it's dated 28/11/2007 anyone able to explain what is going on?