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ENR - Encounter Resources

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YOUNG_TRADER

YOUNG_TRADER

Joined
18 February 2006
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People exercise caution!!!!! Please don't get burnt in this Uranium Upswing!

Buy smart and buy low and most importantly buy stocks that actually have some potential

ie PDN, TOE, UXA, MTN, RPT, NEL, EME, VUL, SMM

What does ENR have going for it?

20c IPO thats hit $1 today, has 60m shares on issue,

@ 80c = Mkt Cap of $50m approx how can that sort of mkt cap be justified, other runners like GBE at least had operations in Africa, Malawi to be specific near PDN's new ground, but ENR is just working in West Aust near NEL's ground,

This is just my opnion, if you have a different opnion on the merits of why at these astronomical prices this stock should be bought please do tell
 
Y.T.
The market obviously does not agree with your analysis.
It has incredible buyer support.
Someone out there (of influence) must think it has potential... ;)
 
Market also didn't agree with what I thought about GBE after it ran from 30 -95c in 3 days, I thought that 45-55c was spec but anything above 60c was way too spec, well see the chart on what happened when it ran from 60 -95c on the 3rd day (was back down @ 55c 2 days later)

All I'm saying is sometimes greed can blind and (IMO) ENR is a good example (GBE was also an example)

But then what do I know,

Good luck to all those who are punting on this one :)
 
Awwwww would you look at that,

Gee who would have thought that, that this stock would drop, oh wait thats right me :p:
 
Invest 4 Profit was the reason that the SP went crazy.......
Feel sorry for those members who follow the recommendation blindly.... :eek:
 
Hi, guys. I am very concerned about the trend of ENR as well.
Do the comany and its shareholders simply rely its future on the "possible" changes of state government policies to uranium mining in WA & QLD? What is the purpose for exploration if there is no or little possibility to mine? I am confused. Help me out pls.
 
i have to stick with young trader on this one, i bought into redport knowing about the boom. however, redport is also good in the long run, people who just buy on the basis of not reading information first will be the lo$ers.
 
I agree with what you've said. I try to keep clear of uranium stocks that have tripled etc on what I call just hype and try to buy uranium stocks that have yet to have a run. I've recently come across (thanks to greggy) Intermet Resources (ITT) which is the Hillgrove spin off. It has all its leases in SA and is drilling 22 holes on 1 of its prospects (Watson Project) this month. At 25cents and haveing only been listed for 2-3 weeks I think it has been overlooked. I especially like the fact that its prospects are in SA as the other state governments don't like uranium. Any thoughts?
 
YT, your thoughts on potential following the new discovery?

• Encounters’ maiden drill program has identified a new, near surface zone of
uranium mineralisation within the Yeelirrie Channel Project (80% Encounter,
20% Avoca).
• Significant intersects:
- 8m @ 123ppm U3O8 from surface, including 3m @ 204ppm U3O8
from surface
- 7m @ 100ppm U3O8 from 1m, including 2m @ 165ppm U3O8 from
5m
• Follow up drill program to commence in early July.
 
Despite all the comments here - I dabbled with a mere $1000 into this one. As a punt - I'm bored at the moment ok.

I'll jump at any hint of a fall of course - because I do agree with the comments.

But it is sky rocketing at the moment. Up 20% today. :eek:
 
cuttlefish said:
throwing money at everything that moves now realist :confused:

so why this one?
Click to expand...


YEP... :D

95% of my money is invested safely, and I'm trading with 5% at the moment. And doing well.

I've got CQT rocketing - did you hold it? :confused:

I own MTN - doing nothing at the moment. But potential for a takeover bid soon.

and this one ENR - only 2000 shares.
 
Cuttlefish to answer your question....

With Kim Beazley saying today it is in Australia's interest to stop the "no new mines" policy.

And that he will fight to have the policy removed as early as next year. And with this company seeming to have found a large source of Uranium only announced today (more details). And it having such a low market cap - I am thinking tomorrow this stock and other Uranium stocks will rise.

We'll see if I am right. I have this and MTN. ;)
 
Reallist - time for some rockets on this one.

Again benchmarked against the others in its industry this has yet to rocket as most of the others have been predictably doing one after another in the last couple of weeks.
 
Nicks said:
Reallist - time for some rockets on this one.

Again benchmarked against the others in its industry this has yet to rocket as most of the others have been predictably doing one after another in the last couple of weeks.
Click to expand...

Oh, yes, I almost forget about this uranium stock. A former darling, together with TOE.

It might be the time for ENR, or TOE to glow again, so what is the catalyst? Have you find anything need further investigation, or speculation?

Thanks.
 
well im getting in, it seems to be at the beginning of making a run just like all the other U308 stocks have in the last few days, perhaps its ENRs turn now.

Fed Gov softening big time and pushing and promoting more mines and mining, plus nuc power. World demand far exceeds supply - no brainer - hence my pick for stock tip next month. :)
 
nicks mine policy no use if ENR doesn't have a resource. its drill resutls are poor :confused:. Why don't you go for NOVA energy or something more established


Assays results include 2m @ 210ppm U3O8 and 194ppm vanadium from 7m.

that smells of manure
 
up 20% today, plenty of buy support around 0.55

manure good for garden, garden growing strong.

AVO (has 25% interest in ENR) also up very strongly today (12% so far). Perhaps something in the wind I thiknk if both up so strong with good buy support.

Yeleerie channel has good fundamental.

Looking good!
 
Halba said:
nicks mine policy no use if ENR doesn't have a resource. its drill resutls are poor :confused:. Why don't you go for NOVA energy or something more established

Assays results include 2m @ 210ppm U3O8 and 194ppm vanadium from 7m.

that smells of manure
Click to expand...

Hmmm, is that a 'highlight' result? :eek: Maybe 200m @ 210ppm, or 2m @ 500ppm would be interesting.....
 
GOLD up strongly today - good for both. Should be another stellar day for ENR and AVO.

Remember ENR has other mineral interest other than U308 - though the U308 does help!

I think both these companies have good fundamentals, the fact that they arent a day traders theme park doesnt bother me at all. The big end of town is catching on now too.
 
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