GBE - Globe Metals & Mining

[mmmmining]

Re: GBE - Globe Uranium

GBE has a very good new result today. It confirms my believing that Argentina is a very promising, but overlooked place for hunting uranium.

I feel very comfortable with the management, and the quality of the reports. But I do noticed a very weak price pattern. I sold half, and ready to buy back in a week or two. But tomorrow's quarterly ann. might screw up my plan. Let's see.

 

[jemma]

Re: GBE - Globe Uranium

Yogi what happened to AOI?????????

 

[mmmmining]

Re: GBE - Globe Uranium

If you think that you cannot find any uranium stock with good value, try this one GBE. It's share price has done absolute nothing over past 3 months.

It is a quality uranium company with two projects in Malawi, and one in Argentina. All properties has done the first pass with significant uranium samples.

I have dealing with the management a few times. I found they are very capable, modest, and credible.

Not much fancy promotion, but down-to-earth hard worker. Just need a bit of time to get some drilling results, and target to have at least one JORC resources by the end of this year or early next year.

 

[mmmmining]

Re: GBE - Globe Uranium

While we have seen other uranium stocks, particularly in SA skyrocketing. This gem is completely buried, with absolute no interests because everyone's focus is on near-term producers.

If you are looking for some good medium stage explorers, this is the one worth to do further research and study.

GBE is going to compile a JORC resources for projects in Malawi. But I like the prospects in Argentina.

Argentina is a totally overlooked country in Aussies eye. It is no Bolivia, no Venzilamania, it a very mining pro-country, and with nuclear plant, and pro-uranium mining history.

But this stocks required patient, not for a quick killing, and still in a pattern of ann. driven. It needs to break that pattern.

 

[mmmmining]

Re: GBE - Globe Uranium

GBE has a bit of moment today, up 12c today, and 18c from intra-day low. I guess an ann is imminent regarding Malawi.

Funny GBEO is traded at 10c discount to GBE. Cannot believe it.

 

[mmmmining]

Re: GBE - Globe Uranium

Very interesting event.

GBE executive has exercised 2010 options at 75c, raise $56,250.

Around the date of exercising, which is April 4, the share price is traded between 70c and 80c.

I don't know what is the logic behind this exercise when the option is barely in or just on the money, and exercise date is still 3 years away.

The only three reason I can think of:

1. The executives are stupid;

2. Company is short of money, executives are under pressure to exercise the option;

3. Executives are anticipate good news is coming, and ready to make some quick money.

I believe the combination of 2 and 3 is more likely. The rising share price confirm this.

But it could be an excellent buying signal when executives exercise on the money options...

 

[mmmmining]

Re: GBE - Globe Uranium

If you think that you cannot find any uranium stock with good value, try this one GBE. It's share price has done absolute nothing over past 3 months.

It is a quality uranium company with two projects in Malawi, and one in Argentina. All properties has done the first pass with significant uranium samples.

I have dealing with the management a few times. I found they are very capable, modest, and credible.

Not much fancy promotion, but down-to-earth hard worker. Just need a bit of time to get some drilling results, and target to have at least one JORC resources by the end of this year or early next year.

Well, I am totally disappointed that nobody else on this forum has a interest on this stock.

Since the post, in went from 77c close to 72c low on April 4, and shot up as high as 107c, and close at 104c.

Cannot say the performance is great, but 30%+ gain within less than 2 weeks is not too bad, right?

Alright, I have share my thought with you guys. This will be my last post under this thread if none is interested in.

 

[j4mesa]

Re: GBE - Globe Uranium

hi....mmmmmining,

don't be so discouraged.
I think some other people was just interested with something else which made them quick money.

Just checking the chart, the graphic looks good to me. Outstanding breakouts !!!
btw is the oppies exercise price 20 c ????

 

[mmmmining]

Re: GBE - Globe Uranium

hi....mmmmmining,

don't be so discouraged.
I think some other people was just interested with something else which made them quick money.

Just checking the chart, the graphic looks good to me. Outstanding breakouts !!!
btw is the oppies exercise price 20 c ????

I don't want to post anymore just to protest the censorship done by DoctorJ which I consider as totally insane and unwise.

But I do need to answer your question. The option is 20c exercise price, trading at a massive discount. I guess its expiration date is this Oct., and people anticipating a right issue, or SPP.

 

[REA]

Re: GBE - Globe Uranium

Hi Mmmmining

I don't know re the censorship but I think that we just can't keep up with the amount of shares at the moment. I reviewed interesting shares and there are about 10 I would like to buy (if I had enough money).

There are other shares that are also creeping up that are not popular UTO for example. I enjoy your reviews.

 

[j4mesa]

Re: GBE - Globe Uranium

Hmmm.....mmmmining, I am thinking to make quick money by buying the oppies and then straight away converting them n selling them in the market....

Around 10c diff and if you buy 50,000 units easy 5,000 dollars yeah ?? hehehe

 

[philby3]

Re: GBE - Globe Uranium

hi mmmmining and others

Just to let you know I think you should keep posting to this thread as like myself, i am sure there are others who read - but not participate.

I find it hard to get info on Globe and it's good just to tune in and see what you guys think.

I don't understand a great deal about trading, but i have a bunch of Globe shares I bought quite a while ago based on the market/industry and reinforced by certain similarities to Paladin - shares I have also done well with. Naiive perhaps but it's worked out ok so far.

One question tho - the trading halt placed on GBE. What do you guys think? A takeover perhaps?

cheers
P

 

[philby3]

Re: GBE - Globe Uranium

Just wondering what the general thoughts are re GBE? A couple of good ann and director taking up a further 500 000 options this month. State One Stockbroking have a (speculative buy) 12 month target of $2/share

Anyone care to run their analysis charting over GBE and offer some feedback as to what they see/interpret? I don't use charting yet but am i correct that there is a huge ascending triangle forming since Nov 2006? And what's the analysis on share activity since the April spike?

Like to know what you guys think.

 

[philby3]

Re: GBE - Globe Uranium

GBE announced a trading halt today. Anyone care to offer their opinion? Possibly drill results - is that enough to request a halt?

 

[philby3]

Re: GBE - Globe Uranium

why would someone dump 178 000 shares at .92 - the day before an announcement we all expect to be positive?

Although I haven't been able to out anything more (specific examples), someone else has mentioned they've noticed someone trying to keep the lid on the sp each time it looks to edge it's way up.

What would they be trying to achieve as result? Anyone have any ideas they want to throw into the ring?

 

[Sean K]

Re: GBE - Globe Uranium

why would someone dump 178 000 shares at .92 - the day before an announcement we all expect to be positive?

Although I haven't been able to out anything more (specific examples), someone else has mentioned they've noticed someone trying to keep the lid on the sp each time it looks to edge it's way up.

What would they be trying to achieve as result? Anyone have any ideas they want to throw into the ring?

Yes, odd, maybe someone's making a protest to the shares and options being granted to the directors etc. Maybe not. That can't be the reason for the halt though. Must be something else going on, and someone knows it's not good perhaps.

As far as the chart goes, pretty choppy. Should be support at 90 cents and resistance around the red lines perhaps. No indication as to which way it will go from this consolidation to me.

 

[philby3]

Re: GBE - Globe Uranium

nice one kennas. thanks for the charts too. i think many believe the drilling reports have come in early. most of that 178k dumping has been taken up already so hopefully a sign of investor confidence the sp is going to move up.
have to keep an eye on the volume.
would be nice to see a breakout.

 

[powerkoala]

Re: GBE - Globe Uranium

wow... anyone knows what is going on with this sp?
market got smashed, and out of no where, this sp up 20% to 70c.
no news at all.
any idea fellas ?

 

[moses]

Re: GBE - Globe Uranium

Its such a lovely chart I thought I'd better post it up. Its been going up for a few days though, so not quite out of nowhere. No news of course...

 

[exgeo]

Re: GBE - Globe Uranium

One tonne of rock from the current drilling at Kanyika is worth in the order of AU $203/tonne. This is calculated using the following grades which I visually averaged by scanning the recent drilling results:

U308.. (US $75/lb) = 200ppm (0.44 lb/t) = US $33
Nb205 (US $7/lb) = 8000ppm (17.6 lb/t) = US $123.3
Ta205 (US $40/lb) = 300ppm. (0.66 lb/t) = US $26.4
Total Value $/tonne rock......................= US $182.7 or AU $203/tonne rock

For context, Arafura (ARU) Nolan's Bore ore is worth AU $280/tonne (at US $80/lb U308 and US $1.75/lb REO). The ore composition is different for Nolan's bore and Kanyika; I'm comparing dollar values only, not grades. I used AUD/USD = 90c. The mineral prices came from today's company announcement 15/10/07.