- Joined
- 19 April 2006
- Posts
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Alfredbra said:whats it gonna take to get this one heading the right direction?
nizar said:Probably time.
When OMC released their JORC nothing happened either. Then a few months later it exploded.
maverick11 said:I think the JORC is expected closer to xmas.
Casual_Investor said:tossing between taking a punt on this or EXT. Whats your opinions on the two stocks and why one has more upside than the other?
sydneysider said:One point needs to be corrected after checking with EVE. They will not be doing a resource evaluation at Njame South at this time. They have a number of prperties and the terms of the JV require EVE to expend $1,000,000 to earn 30% in each prospect. So Njame North & South are on one prospect and Chisebuka (now ready for drilling/being drilled) and Mumyumbwe on another.
EVE is also identifying a number of other U targets on the other prospects by surface sampling and airomagnetics in preparation for a new round of drilling. The prospect blocks are very large. They also have done an independent evaluation for coal seams and coal bed methane on the African properties. Lastly, Cool Energy (EVE interest +10%) is in the very final stages of plant trials to commercialize its CO2 removal technology (Shell & Woodside are major shareholders). at 9-10 cents EVE is cheap as chips.
IMHO the stock sell down may have been a function of the drawn out nature of the U drilling program and the realization that the size of that program covers a huge amount of ground that will require substantial funds to complete. I am holding here and bought more at these very low levels.
Ken said:if the price didnt go up and down,
the stock market would be rubbish. cant just go up all the time
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