DEV - Devex Resources

[dogwithflees1983]

UEQ up 26% today already, on the back of a possible large uranium find in Qld...very exciting times ahead.

anybody still rating this stock?

 

[Eddyl]

Any thoughts on this company. It has a small market cap, but it is involved in a few JV with big companies. As well resolute owns about 9% of this company.
I bought this during the uranium rush and this stock has completely tanked.

 

[Eddyl]

This company has lots of excellent tenements and I expect it to continue to impress. It seems to be only exploration based at the moment, but I would say its a pretty likely take over target once uranium comes into favour again. One of its joint venture parties is Cameco.

It'll be interesting what today's result does to the price.

"OUTCROPPING HIGH-GRADE URANIUM MINERALISATION AT NARRAWEENA,
QUEENSLAND"

 

[lucifuge]

Interesting that this post was initiated so recently as I too found myself very interested in this stock. But, purely from a charting perspective. It was one of a handful of stocks that satisfied the criteria I was using from a purely charting means only. The increase in volume and positive money flow from March 2008 have made this one too hard to ignore. So much so, I bought a bundle of it on that basis alone. Fingers crossed!

 

[Kalvin]

I think their Ur-Phos separation process is fascinating. As far as I can see its the first Uranium related patent thats been issued in 2o years, in addition, the strong drill results from their Narbalek prospect now look really exciting.

 

[Kalvin]

There has been a big spike in the volumes and price of this stock over the past week or so; makes me wonder if some drill results have been leaked.....either that or uranium is sexy all of a sudden again....we'll see.

 

[Kalvin]

UEQ has gone ballistic over the past week or so: Major spike in both prices and volumes, without any major price sensitive announcement, and against Uranium trends, suggesting maybe the drill results from their Nabarlek JV with Cameco have been leaked...we'll see.

 

[noirua]

UEQ has gone ballistic over the past week or so: Major spike in both prices and volumes, without any major price sensitive announcement, and against Uranium trends, suggesting maybe the drill results from their Nabarlek JV with Cameco have been leaked...we'll see.

Leaked they had and Uranium Equities' have upgraded their uranium find at Nabarlek since then, first exploration start in Jul 10: http://www.businessspectator.com.au...egins-Nabarlek-exploration-7DE2C?OpenDocument
Company website: http://www.uel.com.au For further drilling updates.

 

[springhill]

UEQ have an interesting little project going in partnership with Cameco.
Uranium Equities Limited and Cameco Corporation are jointly commercialising a technology for the extraction of uranium from phosphate streams produced in the production of phosphate based fertilisers (“the PhosEnergy Process”).
http://www.asx.com.au/asxpdf/20120622/pdf/426zf7d1n4c6hm.pdf

They also have an investor presentation that is worth looking at.
http://www.asx.com.au/asxpdf/20120420/pdf/425qswk05zjsl0.pdf

 

[System]

On December 4th, 2017, Uranium Equities Limited (UEQ) changed its name and ASX code to Devex Resources Limited (DEV).

 

[greggles]

Devex Resources at 18 month highs today.

I don't know much about this one so had a quick look at a recent Investor Presentation and a couple of recent announcements. They have three active projects at varying stages of development, as set out below:

Recent geological compilation and interpretation of results from fieldwork at its Junee Copper-Gold Project (located in the highly endowed Lachlan Fold Belt in NSW), have further enhanced the potential to discover a large-scale porphyry copper-gold similar to those seen elsewhere in the district. Follow-up testing including Induced Polarisation (IP) geophysics is now scheduled for Q4 2019 and will be used to prioritise drill targets.

Lots of potential here if good news continues to come in. It's up a very healthy 27.27% today to 9.8c.

 

[barney]

Devex Resources at 18 month highs today.
Lots of potential here if good news continues to come in.

Couple of very nice Copper grades in the reported past drill results … could be a Smokey this one

 

[greggles]

Couple of very nice Copper grades in the reported past drill results … could be a Smokey this one

Diamond drilling has now commenced at the Bogong Copper-Gold Project to test beneath historical near-surface copper intercepts. The company has just recently received the results from a maiden dipole-dipole IP survey in the same area which has revealed a significant chargeability IP anomaly beneath these historical intercepts.

The market is feeling pretty confident about what's under the ground at Bogong with the share price up 12.90% today to 10.5c with volume increasing.

Watching this one closely.

 

[tinhat]

Gold explorer actively exploring in NSW and WA. An interesting presentation by the MD:

https://www.sharecafe.com.au/2020/07/24/devex-resources-sharecafe-hidden-gems-webinar-presentation/


I hold this stock.

 

[finicky]

Just read that chairman's wife spent $100 grand for on market purchase @ 21cps
DEV is a cousin to CHN and also I think has Lachlan fold gold prospect interest?
Something irrational made me ignore this even though I knew it was a Goyder company and had staked ground near Julimar (CHN). Feel I've missed the boat now but will have it in mind if there's a crash.

10 Yr Mthly

 

[Dona Ferentes]

...
DEV is a cousin to CHN and also I think has Lachlan fold gold prospect interest?
Something irrational made me ignore this even though I knew it was a Goyder company and had staked ground near Julimar (CHN). Feel I've missed the boat.

Know what you mean. I have a goldie/ Lachlan Fold watchlist, and at the top are DGO & DEV. Been there since this sector got interesting. But ... have I done anything?

 

[greggles]

DEV is another uranium hopeful that is diversified with copper-gold projects as well. I won't go into the projects in detail, but those interested should take a look at yesterday's "Updated Presentation - May 2021".

Their current focus is the Sovereign Project in the Julimar Region of Western Australia, targeting nickel-copper-platinum group element (PGE) mineralisation. The maiden drilling program commenced a few months ago with an expanded air-core drilling program commencing next month. Initial drilling has defined extensive elevated palladium, platinum and copper (Cu) associated with a differentiated mafic-ultramafic intrusion.

One to watch in the coming months as new flow ramps up.

 

[greggles]

The DEV share price has climbed another 26.79% today on volume of around 4.5 million shares. It is now back to the highs it hit in September and October last year when it formed at double top at 37c before retreating back to 20c soon after.

News regarding the Sovereign Hill project should be coming soon. DEV is primed to hit new highs if the news is good.

 

[finicky]

Helped by the CPN burst perhaps. Chalice (CHN) owns 9% of CPN.
I never did get on to DEV even though there was plenty of opportunity. Needed one of my specs to bloom before I took on new risk.

 

[greggles]

Helped by the CPN burst perhaps. Chalice (CHN) owns 9% of CPN.
I never did get on to DEV even though there was plenty of opportunity. Needed one of my specs to bloom before I took on new risk.

Trading halt announced after the close yesterday:

Pursuant to ASX Listing Rule 17.1 DevEx Resources Limited (ASX: DEV) (Company) requests an immediate trading halt over the Company's securities pending an announcement by the Company in respect of a response to an ASX Price Query received by the Company on 24 May 2021 and reconnaissance air-core drilling results at the Junee Project.

The trading halt is requested until the earlier of the commencement of trading on Thursday 27 May 2021 or upon the release by the Company of an announcement to the market regarding the above.

Will be interesting to read what they have to say.