ALFguy
Trading gives me a headache
- Joined
- 20 April 2006
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Re: EVE - Energy Ventures
Just one $6K trade mate, relax
Alfredbra said:
Just one $6K trade mate, relax
Alfredbra said:down to 9.6 once again? whats going on here.
kennas said:Njame South JORC must be out soon don't you think YT?
Another 4-5m lbs U3O8 I hope......
Interesting the gap of punters between $0.096 and $0.105. Seems to hang like this quite often, and then someone comes in at either end to buy or sell.
Watching vol VERY closely for coming news.
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.
Alfredbra said:i picked up some more yesterday at 9.8c. Australia declined to change uranium policy to supply U to inida. could this have an impact on uranium stocks? and if so how much of an impact could be expected?
kennas said:EVE consolidating nicely since the May sell off. Was trending now, but found good support around and just under $0.09 - 0.95, and now has slight resistance at $0.10.
Pretty choppy chart but seems to be starting a new trend sideway and slightly edging up since mid August low. Next real resistance at $0.12 once it clears $0.10 IMO.
Doesn't seem to much on the immediate horizon now. Furhter scoping studies, drilling Chisebuka once they have a rig, and further airborne radiometric surveys over the basin.
I've picked up a few at $0.10, waiting patiently for the next anns......
blueroo said:Anyone else get the impression that this stock is being propped up?
I can't count the number of times it has dropped below 10 cents with the result being someone buying enough to push it back up and usually just a couple of thousand shares does it.
Can we read anything into the reasoning behind this other than to keep it at the psychological 10 cents support line?
nizar said:I think ur reading too much into it..
The spread is usually wide with this one; 10 the ask and 9.6 the bid or 10.5 the ask with the bid at 9.7. Sometimes the buyers step up and other times the sellers dump to the bid.
Seems pretty normal to me...
kennas said:Agree, but it's not really positive is it. Hardly any volume. Just off the radar of the big traders. I think it will have it's day. Getting one JORC under the belt is good darts. As YT has pointed out it's got a tiny market cap for the resource they could potentially have.
Alfredbra said:market depth is looking badthis is not going to be good if it breaks the support of 9.5c.
Beethoven said:For some reason i don't even bother looking at charts with this one because this stock is so volatile. When people want to buy... a huge amount of volume shows up and when nothing happens it goes down with small volume. The only thing the charts tell me with this one is that there is always support between the 9 and 10 cents and resistance above 10 cents. So i wouldn't worry unless it goes down below 9 cents.Which i would probably buy more if it does.
Alfredbra said:hmmmm 9.4c getting dangerously low here. not many buyers to many sellers pushing this down, lets see if we might get some big buyers at these low prices now
YOUNG_TRADER said:Alfredbra whats so dangerous about share price?
I know its annoying that this thing shoots up 30% in a few minutes, then will over a few weeks trickle down to 9c, its done it 2 or 3x now, but that doesn't change the fact that the resource is there, nor does it change the fact that its a uranium company with a decent JORC, with excellent management who are working hard to extract value from the company,
What the SP movement does show is that up to now alot of traders and short term punters have been buying this and now they are getting bored, simple
What would be dangerous would be trying to time this one because it DOES move up very quickly on volume, so if your thinking hmm its gone quiet maybe I should sella and since they're UK listing is a few weeks away I can always get back in, I say good luck to those with this strategy
And if I was going to buy more, I'd wait for it to bottom at 9c, but I have plenty
Those patient enough to ignore SP until say Early - Late Dec will certainly have a nice Christmas IMO,
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