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Re: NTU - Northern Uranium
NTU's Bollinger Bands doing a Roseanne Barr...
NTU's Bollinger Bands doing a Roseanne Barr...
NTU - Northern Minerals
- Thread starter YOUNG_TRADER
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Re: NTU - Northern Uranium
Ann out re recent agreement with Areva and issue of 6million shares to an Areva subsidiary and receipt of $4.8m for shares
Ann out re recent agreement with Areva and issue of 6million shares to an Areva subsidiary and receipt of $4.8m for shares
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Re: NTU - Northern Uranium
Has held up remarkably well in the market turmoil especially considering it is a U hopeful.Issue of options that are to be allocated 6 months from listing could be supporting the price and also exploration expected to commence March/April or when the wet season is over
Has held up remarkably well in the market turmoil especially considering it is a U hopeful.Issue of options that are to be allocated 6 months from listing could be supporting the price and also exploration expected to commence March/April or when the wet season is over
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Re: NTU - Northern Uranium
phew! coming to, at last.
was getting a bit worried there...watching my holding dwindle into the depths of red - as i got onto NTU late.
surely it must have found support at the 1.20s. agree with you, alankew, NTU was not very much affected by the selloff turmoil. in fact it had a mind of its own..in fact, it had a 6% increase from 28 Feb to 3 Mar, while the biggie PDN was on its skis.
phew! coming to, at last.
was getting a bit worried there...watching my holding dwindle into the depths of red - as i got onto NTU late.
surely it must have found support at the 1.20s. agree with you, alankew, NTU was not very much affected by the selloff turmoil. in fact it had a mind of its own..in fact, it had a 6% increase from 28 Feb to 3 Mar, while the biggie PDN was on its skis.
Re: NTU - Northern Uranium
NTU released their Mar 07 Quarterly Report yesterday.
Highlights are as follows:
• Formation of a strategic alliance with French nuclear group Areva NC,
via its wholly owned subsidiaries, Cogema Australia Pty Ltd and Afmeco
Mining and Exploration Pty Ltd (“Areva”).
• Areva the operator of uranium exploration and development of the
Gardiner-Tanami Super Project and Denison Range Project.
• $2.7million budget approved for Areva’s 2007 operations on Gardiner-
Tanami commencing in May.
• Several new uranium targets identified at the Kurundi Project, N.T.
following airborne survey. Follow-up on-ground exploration activities
commenced, with drilling to follow.
• Two new exploration licences applied for at the Gardiner-Tanami
Super Project.
Areva is indeed a very strong partner. This explains much of the recent euphoria concerning NTU.
Not holding as yet, but am watching with interest. They're right next door to PXR at its Tanami Project and I hold PXR options, hoping for the nearology effect upon any exploration success.
DYOR
NTU released their Mar 07 Quarterly Report yesterday.
Highlights are as follows:
• Formation of a strategic alliance with French nuclear group Areva NC,
via its wholly owned subsidiaries, Cogema Australia Pty Ltd and Afmeco
Mining and Exploration Pty Ltd (“Areva”).
• Areva the operator of uranium exploration and development of the
Gardiner-Tanami Super Project and Denison Range Project.
• $2.7million budget approved for Areva’s 2007 operations on Gardiner-
Tanami commencing in May.
• Several new uranium targets identified at the Kurundi Project, N.T.
following airborne survey. Follow-up on-ground exploration activities
commenced, with drilling to follow.
• Two new exploration licences applied for at the Gardiner-Tanami
Super Project.
Areva is indeed a very strong partner. This explains much of the recent euphoria concerning NTU.
Not holding as yet, but am watching with interest. They're right next door to PXR at its Tanami Project and I hold PXR options, hoping for the nearology effect upon any exploration success.
DYOR
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Re: NTU - Northern Uranium
come on NTU..you've been stalled for so long...on yer horses, ya beast!!
:horse:
NTU has obviously a lot of potential, for Areva to come join in...just that the sp doesn' reflect its true value, i think.
come on NTU..you've been stalled for so long...on yer horses, ya beast!!
:horse:
NTU has obviously a lot of potential, for Areva to come join in...just that the sp doesn' reflect its true value, i think.
Re: NTU - Northern Uranium
I spoke by phone a couple of days ago to Robin Wilson, NTU's General Manger to gain a better feel for the company and its prospects. He is excited about the Gardiner-Tanami Super Project. Areva has taken a placement of 6 million shares at 80c and has taken over as exploration manager for the project. Surveying, as well as surface sampling will take place this year on this massive project.
It was interesting to note that NTU initially approached Areva about the possibility of a JV. As Areva wanted to boost its uranium interests in Australia, it gladly came to the party. The exploration budget for 07 will be $2.7million on this project. Mr Wilson further told me that Areva wants to increase its uranium interests even further and finds the NT particularly attractive. Mr Wilson also said that he's aware that PXR has interesting ground prospective for uranium next door to it in the Tanami region and also noted that NTU has recently applied for 2 new exploration licences in the region.
I'm very impressed with the way in which NTU has so far delivered a strong increase in value for shareholders along with an option issue that is very attractive. I'm watching this one with interest.
DYOR
I spoke by phone a couple of days ago to Robin Wilson, NTU's General Manger to gain a better feel for the company and its prospects. He is excited about the Gardiner-Tanami Super Project. Areva has taken a placement of 6 million shares at 80c and has taken over as exploration manager for the project. Surveying, as well as surface sampling will take place this year on this massive project.
It was interesting to note that NTU initially approached Areva about the possibility of a JV. As Areva wanted to boost its uranium interests in Australia, it gladly came to the party. The exploration budget for 07 will be $2.7million on this project. Mr Wilson further told me that Areva wants to increase its uranium interests even further and finds the NT particularly attractive. Mr Wilson also said that he's aware that PXR has interesting ground prospective for uranium next door to it in the Tanami region and also noted that NTU has recently applied for 2 new exploration licences in the region.
I'm very impressed with the way in which NTU has so far delivered a strong increase in value for shareholders along with an option issue that is very attractive. I'm watching this one with interest.
DYOR
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Re: NTU - Northern Uranium
great stuff to hear, greggy. I'm a long term holder (or short term if it delivers good gains!!).
the announcements on the exploration has been relatively quiet after the euphoria of the JV with Areva.
what we need is one solid announcement on its uranium and NTU should fly.
great stuff to hear, greggy. I'm a long term holder (or short term if it delivers good gains!!).
the announcements on the exploration has been relatively quiet after the euphoria of the JV with Areva.
what we need is one solid announcement on its uranium and NTU should fly.
Re: NTU - Northern Uranium
For Areva to be so heavily involved is a great sign for NTU's future. Areva have a great history in choosing well. For Areva to be in charge of the Gardiner-Tanami Super Project shows how serious they are about the project. Areva would have done a good deal of research before joining up with NTU. As I've said previously, I don't hold any NTU at present but hold a good number of options in PXR who are next door to NTU in the Tanami area. I've got a strong feeling that Areva are going to be doing a number of deals in the NT as NT contains a lot of the most prospective and high grade uranium ground in the world. The future indeed looks bright for uranium, its just a question IMO of not overpaying for any stocks.
DYOR
Hi Purple,
For Areva to be so heavily involved is a great sign for NTU's future. Areva have a great history in choosing well. For Areva to be in charge of the Gardiner-Tanami Super Project shows how serious they are about the project. Areva would have done a good deal of research before joining up with NTU. As I've said previously, I don't hold any NTU at present but hold a good number of options in PXR who are next door to NTU in the Tanami area. I've got a strong feeling that Areva are going to be doing a number of deals in the NT as NT contains a lot of the most prospective and high grade uranium ground in the world. The future indeed looks bright for uranium, its just a question IMO of not overpaying for any stocks.
DYOR
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Re: NTU - Northern Uranium
Greggy,
i was checking out PXR too, but held back because I didn't want to over extend myself into too many explorers during May...
there's so much of the 'follow the leader' kind of thing...
ERN follows BMN, BMN follows PDN
PXR follows NTU
ECH follows SMM
wanted NTU to start showing some strong movement before I commit to PXR....that might be a bit late, but at least then it's a confirmed uptrend..
Greggy,
i was checking out PXR too, but held back because I didn't want to over extend myself into too many explorers during May...
there's so much of the 'follow the leader' kind of thing...
ERN follows BMN, BMN follows PDN
PXR follows NTU
ECH follows SMM
wanted NTU to start showing some strong movement before I commit to PXR....that might be a bit late, but at least then it's a confirmed uptrend..
Re: NTU - Northern Uranium
Fair enough, Purple. I'm following this one closely as it may well have serious implications for PXR due to the nearology effect. Any positive results from its Gardiner-Super Tanami Prject may not only push up NTU's share price, but also have the same positive result for PXR's price. Should NTU get some good results I wouldn't be surprised if Areva doesn't take it over down the track. Its very early days, but Areva's interest is very high having taken over as the operator of the project. One of Areva's directors has been also recently appointed to the NTU board. In months and years to come IMO many more uranium producers and explorers will be taken over by large foreign companies.
DYOR
Fair enough, Purple. I'm following this one closely as it may well have serious implications for PXR due to the nearology effect. Any positive results from its Gardiner-Super Tanami Prject may not only push up NTU's share price, but also have the same positive result for PXR's price. Should NTU get some good results I wouldn't be surprised if Areva doesn't take it over down the track. Its very early days, but Areva's interest is very high having taken over as the operator of the project. One of Areva's directors has been also recently appointed to the NTU board. In months and years to come IMO many more uranium producers and explorers will be taken over by large foreign companies.
DYOR
Re: NTU - Northern Uranium
NTU had a strong day today. Up 31c to $1.71 on turnover of 518,265, fairly reasonable turnover for a stock like this. No news announced today. Maybe more traders are starting to realise how serious Areva is in relation to the Gardiner-Tanami Super Project having recently taken over (1 May 07) as the operator of this project. Any other possible explanations out there?
DYOR
NTU had a strong day today. Up 31c to $1.71 on turnover of 518,265, fairly reasonable turnover for a stock like this. No news announced today. Maybe more traders are starting to realise how serious Areva is in relation to the Gardiner-Tanami Super Project having recently taken over (1 May 07) as the operator of this project. Any other possible explanations out there?
DYOR
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Re: NTU - Northern Uranium
Greggy last email I received off Robin Wilson(5th May)said that they expected to have results to announce to the market ref Gardiner project in July.Didnt ask about anything else.
Greggy last email I received off Robin Wilson(5th May)said that they expected to have results to announce to the market ref Gardiner project in July.Didnt ask about anything else.
Re: NTU - Northern Uranium
DYOR
Alankew, thanks for the info. I found Robin Wilson to be very helpful and positive about NTU's partnership with Areva. To have such a big partner with deep pockets is a major plus. No doubt this will give traders a number of opportunities to move in and out of the stock. Given that both NT and SA are uranium friendly, more traders will continue to look to these parts of Australia for uranium opportunities.
DYOR
Re: NTU - Northern Uranium
Generally I feel investing in follower can have better return than investing in leader after the leader breaks out. e.g. recently ERN performance better than BMN, BMN performance better than PDN. ECH performance better than SMM.
The question is "will PXR performance be better than NTU in the near future?"
Generally I feel investing in follower can have better return than investing in leader after the leader breaks out. e.g. recently ERN performance better than BMN, BMN performance better than PDN. ECH performance better than SMM.
The question is "will PXR performance be better than NTU in the near future?"
Re: NTU - Northern Uranium
DYOR
Ta2693, I have recently purchased a large number of options in PXR on the back of its strong ground position next door to NTU in the NT. I feel that PXR has been well and truly overlooked. With Areva having shown such strong interest in NTU, I feel that a large company may well do the same with PXR down the track. At this stage its very early days, the same could also be said of NTU. Throughout the past four years in particular, I have been lucky enough to make good use of the nearology effect in order a number of solid gains. I have also largely stuck to overlooked stocks in order to maximise profits. IMO PXR fits both my categories pretty well.
DYOR
Re: NTU - Northern Uranium
Ntu has gone up another 14c today to $1.85. It has today announced the completion of first pass on-ground field work at the Kurundi Uranium Project, 100km southeast of Tennant Creek in the Northern Territory.
The field work included geological mapping, prospecting, rock-chip sampling and spectrometry analysis aimed at checking the significance of some of the new uranium targets identified in an airborne radiometric survey and described in an ASX announcement on 20 March, 2007. An initial focus of the on-ground field work was the Munadgee prospecting shaft located near the western boundary of the Kurundi exploration licence, where previous channel sampling at a depth of 40m returned assays of 0.82% U3O8 over 1.2m. Rock chip samples along the trend were tested using a portable spectrometer and some, particularly felsic rocks from old prospecting pits 800m southeast of the Munadgee shaft, returned high spectrometric measurements for uranium. The rock chip samples have been submitted for confirmation assay.
A report is being prepared on the results of the on-ground field work, and further details will be released when assay results are available.
DYOR
Ntu has gone up another 14c today to $1.85. It has today announced the completion of first pass on-ground field work at the Kurundi Uranium Project, 100km southeast of Tennant Creek in the Northern Territory.
The field work included geological mapping, prospecting, rock-chip sampling and spectrometry analysis aimed at checking the significance of some of the new uranium targets identified in an airborne radiometric survey and described in an ASX announcement on 20 March, 2007. An initial focus of the on-ground field work was the Munadgee prospecting shaft located near the western boundary of the Kurundi exploration licence, where previous channel sampling at a depth of 40m returned assays of 0.82% U3O8 over 1.2m. Rock chip samples along the trend were tested using a portable spectrometer and some, particularly felsic rocks from old prospecting pits 800m southeast of the Munadgee shaft, returned high spectrometric measurements for uranium. The rock chip samples have been submitted for confirmation assay.
A report is being prepared on the results of the on-ground field work, and further details will be released when assay results are available.
DYOR
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Re: NTU - Northern Uranium
Greggy also noticed the rise the last few days,ann doesnt seem to contain anything we didnt already know,any idea if this is the only reason for the rise-wish all my stocks did this-another one i hold had an ann today wich seemed positive but went down
Greggy also noticed the rise the last few days,ann doesnt seem to contain anything we didnt already know,any idea if this is the only reason for the rise-wish all my stocks did this-another one i hold had an ann today wich seemed positive but went down
Re: NTU - Northern Uranium
DYOR
Alankew, NTU's share price sure looks healthier during the past 2 days, up a total of 44 cents. 2007 is set to be a very active year for NTU. With Areva on board, interest is continuing to build.
DYOR
