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JP Morgan Asset management Ltd has become substantial SH in CUY with 3 million shares...
CUY - Curnamona Energy
- Thread starter johnmwu3
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loko - CUY are yet to provide a JORC resource so while they say they have lots of potential this is yet to be seen - what makes them interesting is this trial treatment plant - if they get this in place this gives them (1) some cash to fund further developments (2) a foundation from which they can more easily ramp up production - its the approach Beverley used as well
They also have their own drill rig and claim lots of drilling plans - but also have identified that need to find a higher grade resource
Just made placement of 3.2m shares @ $2
They also have their own drill rig and claim lots of drilling plans - but also have identified that need to find a higher grade resource
Just made placement of 3.2m shares @ $2
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So this one looks set to run with the U ban out of the way now?
It has been slowly strengthening..
It has been slowly strengthening..
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yes i like these guys for a few reasons
- JPMorgan placement - solid backing
- starting insitu leach field trials
- own drill rigs
- low costs of exploration due to nature of resource and own drill rigs
- low amount of shares (only 33 million tradeable parent company has 50%)
- oban project up for SA approval
- JPMorgan placement - solid backing
- starting insitu leach field trials
- own drill rigs
- low costs of exploration due to nature of resource and own drill rigs
- low amount of shares (only 33 million tradeable parent company has 50%)
- oban project up for SA approval
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CUY has come well off the highs it found yesterday, is anyone from ASF on these guys?
next qtrly for CUY is due end of next month, does anyone know when next lot of drill results are due?
next qtrly for CUY is due end of next month, does anyone know when next lot of drill results are due?
Sean K
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Yep, I am. It's not behaving as I would like at the moment though. I was expecting a break up from this consolidation/pennent looking formation, but it could fall out of it now. Indicators are all turning to poo. I've got a stop at 2.25 at the moment. Longer term it might go OK. The tennements around Lake Frome look pretty prospective.
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CUY and AGS are only two stocks in SA that are undergoing mining approval, CUY already starting insut leach trials so its looking good, just need a JORC now to go with the trial plant.
Sean K
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Interesting they started a trial without confirmation of a resource. Obviously they're cashed up for this and confident that have a sizeable resource. I bought when it was clear SA was going to be allowed to approve mining, and Rann confirmed his position to hand out uranium mining lisences like they're footy cards. He's out there digging in the Frome Basin as we speak! Obviously he sees the future roaylties flowing into the SA Gov purse as a good thing.
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yeah i bought yesterday after confirmation of 3 mines poilcy been dropped, only really bought half as many as i wanted though and will be topping up more if it drops any lower.
i liked the fact that they have started the trial, IMO they want to fast track into production as quickly as possible which is a great thing
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wow been sold down on smallish volume now! what is going on for this stock, had a good run and now its completely re-traced.
hmmmm maybe back to 2.30 's today?
hmmmm maybe back to 2.30 's today?
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CUY and AGS actually look like the ones that will be producing in the near future. dont know if anyone has seen this article but here it is:
http://www.im-mining.com/Articles/Australianuraniumexportstodouble.asp
http://www.im-mining.com/Articles/Australianuraniumexportstodouble.asp
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well looking at CUY could be forming an triangle, what do others think? kennas? (hopefully to breakout on this one)
i do like the fact that despite huge re-rating CUY has held its sp, see bottom of triangle has formed some good support lines.
MACD has crossed however. BUT slow stochastics is pointing to slightly oversold.
maybe some consolidation around the 2.50 mark would be good. funny pattern on chart up one day down next almost every day in a row.
any other comments?
i like these guys as they plan to have operational trial leach mine by second half this year. resource upgrade coming soon also. green field exploration on several areas of their tenements including massive paleochannel system that extends from honeymoon.
oban looks good and i would like to see those high grade sections extended on the next ann.
i do like the fact that despite huge re-rating CUY has held its sp, see bottom of triangle has formed some good support lines.
MACD has crossed however. BUT slow stochastics is pointing to slightly oversold.
maybe some consolidation around the 2.50 mark would be good. funny pattern on chart up one day down next almost every day in a row.
any other comments?
i like these guys as they plan to have operational trial leach mine by second half this year. resource upgrade coming soon also. green field exploration on several areas of their tenements including massive paleochannel system that extends from honeymoon.
oban looks good and i would like to see those high grade sections extended on the next ann.
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According to Matthew Smith of TheInvestar.com chart-tracking service, “The Australian Index seems to be forming a base, and at this point one cannot determine whether it will move down or is getting ready to move higher.” Smith pointed out, “We are now in uncharted territory.”
Smith, who is not a registered investment advisor, suggested, “I would focus on companies with deposits or projects in South Australia or the Northern Territory. The local government in South Africa is very receptive to uranium mining and exploration, and the Northern Territory is governed by the Federal Government. South Australia is going to fast track something like 100 projects now (exploration stage).”
He admitted, when referring to companies hoping to develop uranium properties in other states, “Queensland and Western Australia scare me at this point.”
Of specific Australian stocks, Smith favors Compass Resources (CMR.AX), PepinNini Minerals (PNN.AX), and Curanoma Energy Limited (CUY.AX).
“Compass Resources could provide investors an interesting play in the Northern Territory as they are looking into spinning out their uranium properties into a new company,” Smith told StockInterview. “They actually have a deposit with 14.5 million pounds at a cut-off grade of 0.5lbs/ton U3O8 in the Northern Territory. Theoretically, they could be one of the first to bring on a new project.”
Smith remained committed to PepinNini Minerals. “This company could have the fifth mine after Uranium One (TSX: SXR) starts their Honeymoon Project. PepinNini could have some downward pressure in the coming weeks as 36 million shares came available for sale by the company’s executive.”
Rounding out his top Australian favorites, Smith said of Curanoma, “It has had a really nice run-up and has been one of the top performers in the Australian Index.” Smith also invests in both Canadian and Australian uranium stocks found in his indexes.
(Editor’s Note: StockInterview.com has no relationship with either TradeTech or TheInvestar.com. Neither TradeTech nor StockInterview.com, or their employees, invest in, or trade, uranium stocks.)
Smith, who is not a registered investment advisor, suggested, “I would focus on companies with deposits or projects in South Australia or the Northern Territory. The local government in South Africa is very receptive to uranium mining and exploration, and the Northern Territory is governed by the Federal Government. South Australia is going to fast track something like 100 projects now (exploration stage).”
He admitted, when referring to companies hoping to develop uranium properties in other states, “Queensland and Western Australia scare me at this point.”
Of specific Australian stocks, Smith favors Compass Resources (CMR.AX), PepinNini Minerals (PNN.AX), and Curanoma Energy Limited (CUY.AX).
“Compass Resources could provide investors an interesting play in the Northern Territory as they are looking into spinning out their uranium properties into a new company,” Smith told StockInterview. “They actually have a deposit with 14.5 million pounds at a cut-off grade of 0.5lbs/ton U3O8 in the Northern Territory. Theoretically, they could be one of the first to bring on a new project.”
Smith remained committed to PepinNini Minerals. “This company could have the fifth mine after Uranium One (TSX: SXR) starts their Honeymoon Project. PepinNini could have some downward pressure in the coming weeks as 36 million shares came available for sale by the company’s executive.”
Rounding out his top Australian favorites, Smith said of Curanoma, “It has had a really nice run-up and has been one of the top performers in the Australian Index.” Smith also invests in both Canadian and Australian uranium stocks found in his indexes.
(Editor’s Note: StockInterview.com has no relationship with either TradeTech or TheInvestar.com. Neither TradeTech nor StockInterview.com, or their employees, invest in, or trade, uranium stocks.)
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Is that a Drogon Fly Doji today?
Is the end of this correcting wave?
When are these guy's going to release a JORC?
Aparrently they are to release a resorce upgarde first?
So many questions.
Is the end of this correcting wave?
When are these guy's going to release a JORC?
Aparrently they are to release a resorce upgarde first?
So many questions.
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maybe 50% retrace from recent highs?
bring sp back around 1.60 odd
it will be a bargain then IMO
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Quite possibly DJ. Smashed again today, but a few buyers in the low $1.60's.
I know its a screaming buy. but... Seems no one like U anymore.
