EVE - Eve Health Group

nizar · 7 September 2006

Re: EVE - Energy Ventures

YOUNG_TRADER said:
Interesting to see so many selling into strength,

Shows that alot of traders were on this,

Fundamentally, drilling results are showing that what we see over at OMC ($100m Mkt Cap) we can expect here,

Grades are bouncing from 200ppm = 0.02% to 3000ppm = 0.3% Overall it is clear an avg grade of 0.06% is achievable which is comparable to OMC's Kariba and PDN's Kayelerka (I think thats what its called)

I'm not selling, this stock is so undervalued on a peer comparison basis, current mkt cap is under $20m,

I expect the fact the ALB is AIM listed will bring a few UK Fundies to jump on EVE, as they did with BKY

Thanks again Nizar, although no drinks just yet

Alot of sellers about but the volume broke through their resistance

I think we will face these guys all the way to the previous high of about 17c, but once we are in blue-skies, thats when it will run hard

Maybe we will get there by the end of the month (likely), and that will be followed by:

*JORC resource estimate
*MD appointment (notice how they dont have an MD - which probably goes partly towards explaining the lack of instos in the top20)
*Capital raising

Not necessarily in that order; but before say end of October i would expect one or more of these events to have occurred..

Casual_Investor · 7 September 2006

Re: EVE - Energy Ventures

i dont think the stock will rise too much (could drop back down after this spike) until
-JORC estimate is released

and when jorc estiamte is released and providing its good itll prolly spike up high then go back down coz of capital raising

nizar · 7 September 2006

Re: EVE - Energy Ventures

Casual_Investor said:
then go back down coz of capital raising

yeh well thats what the theory says but the trading halt that got EXT from 4c to 11c was an anouncement re a capital raising through a UK insto placement

YOUNG_TRADER · 8 September 2006

Re: EVE - Energy Ventures

I just finished doing some research,

I feel sorry for anyone selling right now as I expect 2 More great Announcements in the next 3 weeks,

If you look carefully at ther ann of 26th July you'll note that it stated Infill drilling was being completed for NJAME North AND NJAME South todays ann was for North,

So THERE WILL DEFINATELY BE ANOTHER ANN SHORTLY RE NJAME SOUTH INFILL results

Secondly, Intial Aircore drilling was completed in July for Njame North and South, 2 months later Njames North's infill results are released, my bet is they are nearing completion of the resource estimate and it will be released quite soon, before the end of September IMO, as it doesn't take that long to do once you've got the assays back.

I believe Njame North will be around 5Mt grading 0.03-0.04% for 3.3Mlbs- 4.4Mlbs of Uranium, this is a rough guess at the inferred Resource to be released for NJAME NORTH ONLY (My guess is based on an avg grade of 0.04-0.05% as significant interepts and a tested a strike size of 1km by 1km)

Given that we can expect Njame South Infill results soon, its resource estimate won't be too far off, again I'm estimating a 7.5Mt-10Mt deposit avg 0.02-0.03% (My estimates are based on avg grades of 0.03-0.05% as significant intercepts in Aircore need to see infil, but tested strike is about 2km by 1km ie 2x Njame North)

EVE Mkt Cap = Under $20M
Deposits = 2 so far probably 5Mt each grading 0.03 - 0.04%
So say 10Mt@0.035% = 8Mlb'S U

VS

OMC Mkt Cap = Close to $100m
Very Advanced Deposits, 2 big ones of 6Mt each grading 0.04%
Roughly 11mLbs of Uranium with a good confidence levels,
Well suppoted and cash backed by Instos

Clearly if my estimates are right EVE has room to move

Lets see if I'm right

Simmo · 8 September 2006

Re: EVE - Energy Ventures

There are also further historical targets very close to Njame.

There is Namakande and Chisebuka. Drilling is about to begin on Chisebuka.
The company intends to do a more detailed radiometric survey similar do what OMC has released recently to highlight other prospects for drilling within the Kariba valley.

Drilling has already been completed on Munyumbwe A also, the company mentioned in an earlier announcement that this was a weaker mineralisation.
These results may still be economic at uranium price of $60 a pound as a secondary deposit. Assuming the grade of Munyumbwe A is about 150ppm but the area is larger. I don't think the company will release these results at this stage as they are unsure how the market will react.

There will definately be a good flow of news over the next couple of months. I won't be selling anytime soon either.

nizar · 8 September 2006

Re: EVE - Energy Ventures

YOUNG_TRADER said:
I just finished doing some research,

I feel sorry for anyone selling right now as I expect 2 More great Announcements in the next 3 weeks,

If you look carefully at ther ann of 26th July you'll note that it stated Infill drilling was being completed for NJAME North AND NJAME South todays ann was for North,

So THERE WILL DEFINATELY BE ANOTHER ANN SHORTLY RE NJAME SOUTH INFILL results

Secondly, Intial Aircore drilling was completed in July for Njame North and South, 2 months later Njames North's infill results are released, my bet is they are nearing completion of the resource estimate and it will be released quite soon, before the end of September IMO, as it doesn't take that long to do once you've got the assays back.

I believe Njame North will be around 5Mt grading 0.03-0.04% for 3.3Mlbs- 4.4Mlbs of Uranium, this is a rough guess at the inferred Resource to be released for NJAME NORTH ONLY (My guess is based on an avg grade of 0.04-0.05% as significant interepts and a tested a strike size of 1km by 1km)

Given that we can expect Njame South Infill results soon, its resource estimate won't be too far off, again I'm estimating a 7.5Mt-10Mt deposit avg 0.02-0.03% (My estimates are based on avg grades of 0.03-0.05% as significant intercepts in Aircore need to see infil, but tested strike is about 2km by 1km ie 2x Njame North)

EVE Mkt Cap = Under $20M
Deposits = 2 so far probably 5Mt each grading 0.03 - 0.04%
So say 10Mt@0.035% = 8Mlb'S U

VS

OMC Mkt Cap = Close to $100m
Very Advanced Deposits, 2 big ones of 6Mt each grading 0.04%
Roughly 11mLbs of Uranium with a good confidence levels,
Well suppoted and cash backed by Instos

Clearly if my estimates are right EVE has room to move

Lets see if I'm right

YT - Nice research. Tough call about how much their resource will be but those figures seem as good as any. Its true what u say but i wouldnt hold my breath, they took a while with these results and it may be a wait for the next ones. But definately its worth it.

Also - scoping studies are only being completed on Njame North, they can still produce from this alone while drilling the other targets

Simmo - i suspect Mumyumbwe A results will not be released to the market due to them being lower grade mineralisation. Good choice by management if u ask me. Look what happened to TOE when they released announcement of drilling where grades were 15ppm-70ppm, though IMO Munyumbwe A wasnt anywhere near that bad.

sp looking good opening at 12, plenty of buyers from 10-11.5...

Beethoven · 8 September 2006

Re: EVE - Energy Ventures

nizar said:
YT - Nice research. Tough call about how much their resource will be but those figures seem as good as any. Its true what u say but i wouldnt hold my breath, they took a while with these results and it may be a wait for the next ones. But definately its worth it.

Also - scoping studies are only being completed on Njame North, they can still produce from this alone while drilling the other targets

Simmo - i suspect Mumyumbwe A results will not be released to the market due to them being lower grade mineralisation. Good choice by management if u ask me. Look what happened to TOE when they released announcement of drilling where grades were 15ppm-70ppm, though IMO Munyumbwe A wasnt anywhere near that bad.

sp looking good opening at 12, plenty of buyers from 10-11.5...

hmm some buyers before the opening but i also saw a lot of people lining up to sell as well

kariba · 8 September 2006

Re: EVE - Energy Ventures

Beethoven said:
hmm some buyers before the opening but i also saw a lot of people lining up to sell as well

Patience needed with EVE .... all the potential in the world & will reward long-term holders

cheers

nizar · 11 September 2006

Re: EVE - Energy Ventures

kariba said:
Patience needed with EVE .... all the potential in the world & will reward long-term holders

Could not agree more with the above statement

Held up well today when most other resources got smashed

Alfredbra · 11 September 2006

Re: EVE - Energy Ventures

was up about 5% as i can recall? throughout the day but still ended up closing with no change.

Beethoven · 11 September 2006

Re: EVE - Energy Ventures

Alfredbra said:
was up about 5% as i can recall? throughout the day but still ended up closing with no change.

market took a bit of a hammering today. To see it at break even is good in my mind.

ALFguy · 12 September 2006

Re: EVE - Energy Ventures

Although it closed down to 10c (eating into YT's 400k I see), wasn't too bad considering the market.

YOUNG_TRADER · 13 September 2006

Re: EVE - Energy Ventures

Well well well, did I get a suprise,

I've got Mid-Semester Exams and the studying + work has meant that since Sunday I haven't paid any attention to mkts, lol what a hammering!

So much selling,

I can't believe I got my other 400k filled (I think all maybe 2600 outstanding, haven't checked yet) So I've got my whole 1.25m I wanted @ avg price of 10c

I strapped in and ready to go for a ride, a proper ride not just to 13.5c!

Good luck to all

beach · 13 September 2006

Re: EVE - Energy Ventures

gees younger trader, i might go back to studying, over 100k to throw into the stockmarket, how times have changed fairplay to yah. regards beach

nizar · 13 September 2006

Re: EVE - Energy Ventures

Look at the credentials of Non-executive Chairman, Dr. Ian Duncan:

*Ex-WMC for 27 years, retired as GM of Olympic Dam operations
*Former Chairman of the World Nuclear Association
*PhD in radioactive waste...

(page.7 of financial report)

Hmm... former GM of O.D., i say he needs his title to be upgraded to MD, especially as EVE doesnt have an MD at this stage, hes definately got the credentials for it....

Also on page.6, the company has re-iterated that a resource estimate is currently in the process...

cuttlefish · 19 September 2006

Re: EVE - Energy Ventures

resource announcement out - YT was pretty close - the results are a little higher than the amounts he predicted.

5.5 million Tonnes of .04% (.02% cutoff) to give 4.8M lb's of U308.

within 50m of surface, open along strike and at depth with good potential for expansion of the resource.

Sean K · 19 September 2006

Re: EVE - Energy Ventures

nizar said:
Look at the credentials of Non-executive Chairman, Dr. Ian Duncan:

*Ex-WMC for 27 years, retired as GM of Olympic Dam operations
*Former Chairman of the World Nuclear Association
*PhD in radioactive waste...

(page.7 of financial report)

Hmm... former GM of O.D., i say he needs his title to be upgraded to MD, especially as EVE doesnt have an MD at this stage, hes definately got the credentials for it....

Also on page.6, the company has re-iterated that a resource estimate is currently in the process...

Inferred resource estimate out this am.

5.5m tns at 400 ppm U3O8 at 200 ppm cut off.
2,200 tns U3O8, 4.8m lbs U3O8.

How does that rate on the scale of things?

cuttlefish · 19 September 2006

Re: EVE - Energy Ventures

just beat you to it kenna's ;-).

see above - results are slightly higher than YT's estimates.

nizar · 19 September 2006

Re: EVE - Energy Ventures

kennas said:
Inferred resource estimate out this am.

5.5m tns at 400 ppm U3O8 at 200 ppm cut off.
2,200 tns U3O8, 4.8m lbs U3O8.

How does that rate on the scale of things?

Very bullish announcement...

4,8million pounds of shallow mineralisation.

Read the highlights first page. Resource is still open along strike and at depth. There is potential for an increase here as more drilling is done

Plus we still have more drilling results to come for Njame South, and Chisebuka.

Lots to look 4ward to here, and at this cheap market cap, nothing (except perhaps failure) is priced in to the current sp

Morgan · 19 September 2006

Re: EVE - Energy Ventures

Still worth grabbing more at 11.5c?
Even with the good announcement, not much upward pressure on price as yet, just the regular 10.5c crowd.
Plenty of depth on the sell side

EVE - Eve Health Group

nizar

Casual_Investor

nizar

YOUNG_TRADER

Simmo

nizar

Beethoven

kariba

nizar

Alfredbra

Beethoven

ALFguy

Trading gives me a headache

YOUNG_TRADER

beach

nizar

cuttlefish

Sean K

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cuttlefish

nizar

Morgan

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