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CUY - Curnamona Energy

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Pat said:
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.
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Program tomorrow on SBS about leech drilling and potential enivironmental problems. Mindless selling. I sold out at 2.20...will buy in tomorrow morning
 
Looks like a bounce to me at 1.64. Will it hold though. This stock has been hit hard the last 2 weeks I'm thinking it may form a bottom here for a bit.
I'm on again at 1.72, fingers crossed.
 
and i thought you were going to say something about CUY!

patiently waiting for qtrly, should be out this week or next
 
Sorry DJ, But is see the post is already gone...

This total lack of volume in CUY has me worried. Quaterly due within 8 days, Market does not seem to expect any new news on trial leech, drill upgardes or a JORC for that matter.
I suppose i'll be eating my words soon.
 
market seems to be waiting for an ann with drill results/leaching trial etc before taking it anywhere. IMO this is why volume has backed right off.

expect a lot of money waiting on sidelines for this one
 
This is tenuously holding flimsy support formed at 1.75. Wouldn't take much for it to tumble further. Hopefully the general market holds and doesn't cause this to disintegrate down to next support at 1.00. If they've got news on the trial it really should be released when the info is available because I'm sure it's market sensitive.

This is still one of the better U plays in my opinion. SA, JV, highly prospective EPL, moving forward, Mike Rann in the back pocket, will get a mining lisence and along with AGS will be one of the first new U miners in Australia. Long term good play IMO. Short term
 
My concern is there wont be any new news in the quaterly due soon, and if so, there might be a dump until some news does come.
 
Kennas, nice fish.

Well that 100k is all gone now, Anyone on this stock still? I've got a very small amount of shares left that I couldn't care much about so i'm still holding and will be till ??? later. I'm just glad I made a little profit.... this time.

What are peoples opinions of CUY? If any at all.
I don't know what to think ATM, no jorc, not much news, I think quaterly is due tomorrow but no hype (could be mistaken).
Where to from here CUY?
 
hmmm that 100 k was forming some sort of support, i still like these guys but the trend is not their friend at the moment.

ive jumped on ERN higher volume traded and in an uptrend at the moment.

look for re-entry on CUY some time in near future, when south australian uranium stocks are back in favour.
 
dj_420 said:
i still like these guys but the trend is not their friend at the moment.
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Agree DJ but a good ann tomorrow, like a big resource upgrade (doubt it), news on trials, will see CUY snap back to better levels, break the trend, U is out of favour but every step closer to production will have $$$ forming in peoples eyes. They want to fast track this and take advantage of the U spot price.

No news in the very near future will only see further downside for CUY, and continue DJ's unfriendly trend.
 
Market cap of this is now down to about $90m. Even with the field leach tial go ahead and Labour moving to change its policy, this has found no support. Since breaking that pennant to the downside it has lost all interest. Mr Market has spoken on this one I think, and he's not impressed for whatever reason. Watching with interest for a trun around. Wherever that might be? around at $1, maybe??? Market cap will be $60m ish then. Perhaps where it should be?
 

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Kennas, I personally think the turnaround will come from news released by the company. I believe this is what "Mr Market" is waiting for. I see a slow but steady decline in sp until then. I'm all out at today, sold most 2 weeks ago so lucky I made at least brokerage lol! I'll be watching very close, just like everyone else I think...
 
yes agree here pat, i will jump on if it drops to $1

i dont think there will be any news for a while yet so maybe further downside to come. esp with drilling delayed.
 
dj_420 said:
yes agree here pat, i will jump on if it drops to $1

i dont think there will be any news for a while yet so maybe further downside to come. esp with drilling delayed.
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More than a month easily. Emailed CUY and got a reply that the SA gov approval would take a couple of weeks. The FLT itself would take an additional couple of weeks.
 
trading halt pending release of drilling results - not too much excitement on the boards however....
 
56gsa said:
trading halt pending release of drilling results - not too much excitement on the boards however....
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I hope it's good for holders but considering the way the stock has come off, I'd be nervous. Hope it's all good!!!
 
well its out now - their highest grade drill hole 8m @ .08%.... thats all to report

but they are planning to drill on the open north eastern side up to the northern boundary of their claim area - does anyone know who has surrounding tenements (or can they access this???)

only hold this via HAV but remember HAV have said they are now interested in selling off their 50% holding so could see a JV/takeover offer?

remember too that JP Morgan Asset Mgmt bought 3.2m shares at $2 so they will be keen to see a return to those levels....

currently back up to $1.70 mark ... well now 1.93 -- the sleeping dog has awoken??!!
 
56gsa said:
well its out now - their highest grade drill hole 8m @ .08%.... thats all to report
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Thats what i thought too when i read the ann. Buy Mr market seemed to like it. IMO nothing has changed. I still see further down side for CUY, until a JORC upgrade that is.
 
Pat said:
Thats what i thought too when i read the ann. Buy Mr market seemed to like it. IMO nothing has changed. I still see further down side for CUY, until a JORC upgrade that is.
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Agree with you Pat. call me a bear, but I think the announcement was a bit thin. Only 1 hole, and a the title of the announcement was in superlatives.

HEre's a chart of the 2 days after the announcement. after the initial surge after the annoucement, the sp does not seem to sustain itself.
 

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CUY is making a nice comeback at last. CUY is back over $2, up about 14% this morning and up about 33% from $1:50 from a week ago.
 
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