CUY - Curnamona Energy

[adobee]

ASX / Media Release 22 June 2007 RESEARCH REPORT BY STRACHAN CORPORATE Curnamona Energy Limited (Curnamona Energy – ASX : CUY) is pleased to advise that a research report by respected resource analyst, Peter Strachan of Strachan Coporate is now available on the Company’s website at www.curnamona-energy.com.au. This research report provides a good perspective on Curnamona Energy’s current activities, including its 100% owned Oban prospect, where ongoing drilling continues to indicate economic grades of uranium in sands amenable to situ leach recovery. Strachan Corporate notes that Curnamona Energy : 1. Is on track to be Australia’s next uranium producer, partly because of a favourable state government regulatory regime, and the relative ease of bringing an in situ recovery uranium mine on stream. 2. Has the financial resources, management expertise and technical capability to achieve its stated objectives, including a field leach trial by 2008. 3. Has outlined an area with potential for at least 2300 tonnes of eU3O8 within its current mineral claim, with considerable exploration upside in the region. Curnamona Energy is 48.2% owned by Havilah Resources, and holds Tertiary palaeochannel uranium exploration rights over an area in excess of 5000 square kilometers in the world class Curnamona Craton uranium province of northeastern South Australia. It has identified numerous palaeochannel uranium prospects on its tenement area and plans to systematically explore these with its owner operated integrated drilling and logging equipment. Yours faithfully CURNAMONA ENERGY LIMITED Bob Johnson, Ph.D, FAusIMM, Chairman

 

[adobee]

Article on CUY on intersuisse morning notes follow the link may be of interest to anyone still holding they have listed this as a speculative buy:

http://www.intersuisse.com.au/files/Morning Notes.pdf

 

[purple]

ASX / Media Release 22 June 2007 RESEARCH REPORT BY STRACHAN CORPORATE Curnamona Energy Limited (Curnamona Energy – ASX : CUY) is pleased to advise that a research report by respected resource analyst, Peter Strachan of Strachan Coporate is now available on the Company’s website at www.curnamona-energy.com.au. This research report provides a good perspective on Curnamona Energy’s current activities, including its 100% owned Oban prospect, where ongoing drilling continues to indicate economic grades of uranium in sands amenable to situ leach recovery. Strachan Corporate notes that Curnamona Energy : 1. Is on track to be Australia’s next uranium producer, partly because of a favourable state government regulatory regime, and the relative ease of bringing an in situ recovery uranium mine on stream. 2. Has the financial resources, management expertise and technical capability to achieve its stated objectives, including a field leach trial by 2008. 3. Has outlined an area with potential for at least 2300 tonnes of eU3O8 within its current mineral claim, with considerable exploration upside in the region. Curnamona Energy is 48.2% owned by Havilah Resources, and holds Tertiary palaeochannel uranium exploration rights over an area in excess of 5000 square kilometers in the world class Curnamona Craton uranium province of northeastern South Australia. It has identified numerous palaeochannel uranium prospects on its tenement area and plans to systematically explore these with its owner operated integrated drilling and logging equipment. Yours faithfully CURNAMONA ENERGY LIMITED Bob Johnson, Ph.D, FAusIMM, Chairman

Adobee,

the Strachan report sort of recycled the old news, most of it was already presented by CUY at the Uranium conference earlier this year.

while CUY has good potential compared to the rest of the other U explorers, the market is waiting for the hard facts - the quality of the U in the ground.

I might be wrong though, and the train might have left...the sp seems to be picking up lately. however my take on the U sector is that there seems to be a general consolidation.

 

[Pat]

Adobee,

the Strachan report sort of recycled the old news, most of it was already presented by CUY at the Uranium conference earlier this year.

while CUY has good potential compared to the rest of the other U explorers, the market is waiting for the hard facts - the quality of the U in the ground.

I might be wrong though, and the train might have left...the sp seems to be picking up lately. however my take on the U sector is that there seems to be a general consolidation.

Gday Purple, agree 100%. This jump from $1.40 took me by surprise, perhaps the consolidation is at it's end?

 

[purple]

Gday Purple, agree 100%. This jump from $1.40 took me by surprise, perhaps the consolidation is at it's end?

Time will tell, Pat. i compared the slew of SA U explorers of 4 June and 22 June, 50% have gone lower.

my thoughts are that it's not exactly that safe to get into the water yet; I'm still mortified to see CUX do so badly, they have, imho, one of the best management team across Aus. AGS with their prime location and politician support, still slide.

on the gossip side, i wonder if jP Morgan has put any pressure on CUY..Bob Johnston has gone into overdrive with the promotion and advertising, maybe to shore up the sp.

 

[Jikx]

Shocking, the price has dropped to a low of $0.80! Surely a good speculative buy.. if you think the market is going to recover in the medium term.

 

[moses]

CUY has bounced back hard today! Its now up 42.5% to $1:14 and rising, probably because it fell so hard. Its still a bargain compared to what it has been.

 

[adobee]

I had just sold it as I wanted my money else where for a quick profit which didnt prevale.. thats the way the cooke crumbles..

 

[siempre33]

UNBELIEVEABLE!!
no posts here in months.....

Curnamona has to be one of the most undervalued stocks on the ASX,
and will be producing from their test wells by next year....
parent co. Havilah is preparing for a hostile takeover bid for CUY already,
so be aware that these shares could launch at anytime, but most likely in '08

...up nicely yesterday...

CURNAMONA FPO (ASX:CUY.AX)
Last Trade: 1.30 Volume 169,891
Trade Time: 1:11AM ET Ave. Vol. 87,218
Change: Up 0.28 (27.45%)
Prev Close: 1.020

 

[56gsa]

Siempre... why hostile?? I thought HAV were preparing to sell their CUY investment after they had figured out tax implications for distribution of proceeds to shareholders? given the links between HAV & CUY I don't think they'll sell to anyone CUY doesn't want them to?

HAV (and CUY) look to have triple bottomed ?

 

[Sean K]

CUY is one of only a few who could be U mining in oz in the next 3-5 years. I had held on funnies, but sold on technical breakdown a while ago, thank dios!

Chart comming to an interesting juncture here. Should be good support here (75 cents next stop), big descending triangle perhaps. Watch for potential breakup around the green circle.

 

[Bushman]

CUY is one of only a few who could be U mining in oz in the next 3-5 years. I had held on funnies, but sold on technical breakdown a while ago, thank dios!

Chart comming to an interesting juncture here. Should be good support here (75 cents next stop), big descending triangle perhaps. Watch for potential breakup around the green circle.

Yep picked some up yesterday based on Warwick Grigor recommendation and the fact that it is in SA and has the chance to produce in the near future and lock in the higher U prices. WG also emphasised that they have been on the front foot regarding the regulatory environment and that has to be a good thing. Oban is smallish but cheap to mine with the ongoing potential to extend the resource. Anyway the musing of a small time investor...

Not sure about charts (not my forte but increasingly seem a very useful ally) but it has been trading in the $1.05 to $1.15 channel for a few months now. Off course the day after I buy the faaarrrkkkeennn DOW tanks again but that is an occupational hazard at the moment. I might get the US reporting calendar for Jan/Feb and make sure I trade the day after big industrial and financial corporates report!!

 

[Bushman]

When does this one bottom out? It has hit 82.5c today.

I ended up having to sell awhile back at $1.06 from memory as the volume was so shizen. But it is one of the few Aussie uranium stocks that has a chance of producing in the next 5 years.

Dangerous to catch falling knives or is it starting to be a no brainer at these prices? Directors recently excercised their options too.

Guess Aussie U explorers are dead at the moment as sentiment has shifted elsewhere. Waiting for an entry point when it has some (any?) volume again.

 

[Nicks]

Bushman et al, check it out, this morning.... Very few sellers. Ripe for big jumps in SP %.

 

[Nicks]

There is a Big jump in CUY share price happening this morning. There are almost no sellers! Take a look.

 

[Nicks]

Are there any other holders, or anyone interested in this stock? curious to hear what others think about CUY. Any thoughts on their significant Oban Uranium minerlisation? Geothermal energy? Any thoughts at to why there are no sellers?

 

[Bushman]

Are there any other holders, or anyone interested in this stock? curious to hear what others think about CUY. Any thoughts on their significant Oban Uranium minerlisation? Geothermal energy? Any thoughts at to why there are no sellers?

Hey Nicks;

I have been watching this one for ages. Oban field trial is about to go underway if there are no significant objections. It went down to 37cps on very low volume so it is not surprising that it is now going up on low volume (90,000 traded today up to 55 cps). Spike or permanent turnaround? I do not catch falling knives or shooting rockets through bitter experience. So will see what is driving this first.

Wonder what has happened to spike the interest? Maybe some insider trading re the field leaching trial.

Warwick Gregor from Far East Capital is a man who knows Aussie Uranium explorers and he had this is representing excellent 'value' (as far as a U explorer can have 'value' given it has no cashflow).

Need to see if this is just a spike or if there is something more to it. But is a good prospect compared to some of the other U explorers IMO.

Cheers
B'man

 

[56gsa]

Up over 30% today - perhaps on takeover possibilities?? HAV own 50% of this and are looking to sell their stake and get cash for their projects - they have said HAV shareholders will be offered shares but likely they could be tempted to sell whole stake to a 'friendly' who may want to bid for the rest of the shares as well...

 

[freebird54]

Anyone got the CUYO options free

and if so worth keeping?