NTU - Northern Minerals

[KurwaJegoMac]

Re: NTU - Northern Uranium

My apologies, you do not have to pay for the rights by 13th sept - that applies to option holders only. You do however, need to be a shareholder on 17th Sept

 

[skc]

Re: NTU - Northern Uranium

It's a renounceable rights issue which means the rights are tradable in this case. The code would most probably be NTUR and the price of the rights would be similar to (Last price - exercise price + value of attached option) in a perfect world.

So you don't need to buy the shares if you don't want to.

 

[Southern X]

Re: NTU - Northern Uranium

Not too happy with the proportion of the monies dedicated to drilling for HREEs, $2.0 million when compared to the $4.5 million for Ux exploration (see p. 12 of prospectus). Although it being underwritten by Paterson's is very positive.

According to historical drilling, ie. not JORC or NI-43101 compliant the HREEs are associated with 0.2% Ux, but the proportion of HREE to LREE 65-75% HREE makes my spider senses tingle, p. 19. With the Greens being energy-Luddites the risk is significant, however the Galt property being located in WA is a positive, p. 19.

I've taken my eye off the ball here as I'm holding, watching in sheer awe, and buying more of Atac, ATC:TSX-V (it was what I purchased after missing RVC:TSX-V, ie. short-listed but still lucky). This is the Ventana, Aurelian, Sandfire-like stock we all want to be in at/near the ground floor.

The last 30 minutes is coming up and I want to see what the big fellas do.

SX

 

[Southern X]

Re: NTU - Northern Uranium

Two things I forgot to mention:

1) Anyone know of an ASX listed exploreco in the Yukon?
2) Good call on the trade Kurwa!

SX

 

[KurwaJegoMac]

Re: NTU - Northern Uranium

Not too happy with the proportion of the monies dedicated to drilling for HREEs, $2.0 million when compared to the $4.5 million for Ux exploration (see p. 12 of prospectus). Although it being underwritten by Paterson's is very positive.

According to historical drilling, ie. not JORC or NI-43101 compliant the HREEs are associated with 0.2% Ux, but the proportion of HREE to LREE 65-75% HREE makes my spider senses tingle, p. 19. With the Greens being energy-Luddites the risk is significant, however the Galt property being located in WA is a positive, p. 19.

I've taken my eye off the ball here as I'm holding, watching in sheer awe, and buying more of Atac, ATC:TSX-V (it was what I purchased after missing RVC:TSX-V, ie. short-listed but still lucky). This is the Ventana, Aurelian, Sandfire-like stock we all want to be in at/near the ground floor.

The last 30 minutes is coming up and I want to see what the big fellas do.

SX

Some interesting things you pointed out SouthernX. I find it concerning there's lower spend on drilling - could it be that they're exceptionally confident of achieving a good result? I confess that i'm not that strong from the fundamental side of things on NTU, mainly picked up on a TA signal. Was thinking about popping back in at some point - you've definitely given some food for thought. Appreciate it SouthernX!

 

[AngusSmart]

Re: NTU - Northern Uranium

Not too happy with the proportion of the monies dedicated to drilling for HREEs, $2.0 million when compared to the $4.5 million for Ux exploration (see p. 12 of prospectus). Although it being underwritten by Paterson's is very positive.

According to historical drilling, ie. not JORC or NI-43101 compliant the HREEs are associated with 0.2% Ux, but the proportion of HREE to LREE 65-75% HREE makes my spider senses tingle, p. 19. With the Greens being energy-Luddites the risk is significant, however the Galt property being located in WA is a positive, p. 19.

I've taken my eye off the ball here as I'm holding, watching in sheer awe, and buying more of Atac, ATC:TSX-V (it was what I purchased after missing RVC:TSX-V, ie. short-listed but still lucky). This is the Ventana, Aurelian, Sandfire-like stock we all want to be in at/near the ground floor.

The last 30 minutes is coming up and I want to see what the big fellas do.

SX

Where to find info on ATAC Resources Ltd?

its got a nice last 1 week, how high is it set to go? its still got a rather nice looking RSI

 

[Southern X]

Re: NTU - Northern Uranium

NTU can't yet be certain/confident of what HREEs they have hold of. Two salient points though are: a) LYC taking a 9.44% position, I'm assuming they took these funds from the "cost over-run" allocated to LAMP, so they better be sure, and; b) from p. 32 insiders have sub-underwritten the issue to the tune of $464,000: Griffin $264,000, $100,000 for McCavana and Bauk. I like it when the insiders have their own skin in the game, after all who knows better.

With reference to ATC: website atacresources.com (note SMD's share position)

With reference to potential: a paltry 2 million ounces valued at $2 billion divided by shares gives a price of $20/sh. This is NOTHING in comparison to a new Carlin trend, ie. an entire gold DISTRICT has been discovered, and located within ATC's 100% owned 1400Km²! I can't look at the chart for fear of a nose bleed.

Now back to Earth.

SX

 

[Southern X]

Re: NTU - Northern Uranium

Five Things:

1) Australian policy on Ux, especially with the Greens' new power.
2) The massive share dilution.
3) Allocating significantly more money to Ux drilling rather than HREE discovery.
4) Mr. Market says sell.
5) Our shower is leaking!

So I'm out with a tidy, not great, profit (which our plumber will share in) and may re-enter under $0.20.

Good Luck and Happy Hunting

SX

 

[AngusSmart]

Re: NTU - Northern Uranium

Mr X,

avoca and anatolia (canadian) gold are apparently joining up. so theres your canadian asx listed aussie company.

 

[Southern X]

Re: NTU - Northern Uranium

Seems Areva had the same thought as me as far as selling...

http://imagesignal.comsec.com.au/asxdata/20100909/pdf/01096777.pdf

...Eight and a half million shares.

Prior posts have calculated entry points, well reasoned too. I'm in the sub $0.20 camp based primarily on dilution, 40% give or take at $0.16. This was announced prior to open on 3.9.10, with NTU closing that day at $0.235. Before the trading halt NTU closed at $0.26.

Knocking a third off: the 40% being offset by a) cash infusion, and b) HREE speculation (I could give a rat's tinker about the Ux, Phospahate, etc!!) I'll ballpark a third off. Using $0.235 as a base, taking a third off, et voila, $0.156.

Right then, I'll be preying around/below $0.16.

All a guess as I debate whether or not to bother. Speaking about bother, there seems to be a bit of that about concerning gold. The ASX is full of Au explorecos and near term producers (Uh, Angus, the ANO AVO merger with their respective holes in Turkey and WA put them a ways from the Yukon) now to begin the search. (Last night was an ATC buying opportunity. At least I hope so ;-)

Good Luck, and guesses welcome, but don't forget to show your rough work, reasoning.

SX

 

[nioka]

Re: NTU - Northern Uranium

There seems to be a popular opinion that when there is a company capital raising that the shares are diluted to a point where the SP should be reduced according to the degree of dilution. In the case of NTU I see some calculations that reduce the future SP even as far as the price of the newly offered shares.

History in some cases supports this but it should not be the case here. Take a company that is prospecting. It uses up all the cash it has without finding that Eldorado and to continue it needs new cash. That company is basically starting again and at the value of the new issue. I can name a few that are the real penny dreadfuls. I dont consider NTU as one of those.

Then there are companies that do find something. They get value for the past expenditure but to go further with their project they need more funds. Those funds will be used to put further value in the company. The do not just replace funds used up but they add to funds that were NOT used up.

NTU has value for the use of past funds and it will add value by using new funds. What these values are will be seen in time. In the meantime the market will be subject to the whims of traders, funds and possibly those with eyes on NTU as a takeover target. Remember that most mineral explorers are eyed by their bigger brothers as a source of new raw materials.

Which leads to an examination of the fundamentals. These suggest that NTU may have found valuable rare earth deposits. This is assumed because both the Chinese government and the biggest Rare earth company outside China, Lynas, have both taken more than a token interest in NTU. This does not even take into account the uranium potential.

Even after the cash raising NTU will be a small cap company with big potential. The potential is enormous in my opinion so I will not be prepared to sell at this stage regardless of the SP. If the falls that some predict arrive I will be adding to my holding. I am not even prepared to trade for freebies as I would not like to "out" at any stage of this interesting company.

DYOR these are my opinions only.

 

[Southern X]

Re: NTU - Northern Uranium

Nioka, at the risk of contradicting my last post, Ampella AMX, spectacularly illustrates your point today

SX

 

[foxtrot]

Re: NTU - Northern Uranium

I agree NTU looks promising.. but i have to admit, this is the first time Bob Brown has ever scared me (I though i'd never see the day):

 

[springhill]

Re: NTU - Northern Uranium

History in some cases supports this but it should not be the case here. Take a company that is prospecting. It uses up all the cash it has without finding that Eldorado and to continue it needs new cash. That company is basically starting again and at the value of the new issue. I can name a few that are the real penny dreadfuls. I dont consider NTU as one of those.

Hi Nioka, would it be overstepping the line in asking what are those you consider to be the 'penny dreadfuls' as i always consider them a rebound play if there is potential for other projects that are worth researching? Bear in mind i'm not asking for free info, just an idea of those you have in mind and am more than willing to fully research them myself and see if they suit my investment style.
I would be more than willing to collaberate my thoughts with you/and/or ASF members via discussion
from public post, PM or not at all. Whichever suits you.

 

[nioka]

Re: NTU - Northern Uranium

Hi Nioka, would it be overstepping the line in asking what are those you consider to be the 'penny dreadfuls' as i always consider them a rebound play if there is potential for other projects that are worth researching? Bear in mind i'm not asking for free info, just an idea of those you have in mind and am more than willing to fully research them myself and see if they suit my investment style.
I would be more than willing to collaberate my thoughts with you/and/or ASF members via discussion
from public post, PM or not at all. Whichever suits you.

An example of some stocks that I have held that I consider penny dreadfuls are MHL, ESI, and LKO. I still hold MHL and LKO as I traded for freebies in them. LKO now has a deal with Beach that MAY pay off and CFE took an interest in MHL that also MAY pay off. These companies have a massive number of shares as they continually offer SPPs to remain solvent. ESI is a question mark but never seems to come up with the goods and is always on the brink of progress.

I mention those as there is a faint possibility of them going somewhere. There are others that I am not prepared to name as I can not think of anything good to say about them to offset the disgust that they are still allowed to remain listed.

I keep looking at penny dreadfuls but they need to come up with positive fundamentals before I give them more than a glance. NTU was one of those that I kept away from until the rare earth possibilities came to light. In my estimation it was then out of one class and into another.

CER at one stage was entering the penny dreadful stage but the fundamentals were good in my eyes so I jumped in there near the bottom for what became a proverbial ten bagger. LYC was another that is now close to a ten bagger also.

So there are penny stocks around that are not so dreadful. There are others that are used as director and management petty cash funds, they are the dreadful ones.

 

[basg4]

Re: NTU - Northern Uranium

LYC was another that is now close to a ten bagger also.

LYC is ten bagger in terms of EUR, up more than 1400% from March 2009 and I hope it is just begining. As of NTU, I am prepared to jump into for everything looks very promising ( other speculative play is ORM, IMHO )

 

[nioka]

Re: NTU - Northern Uranium

LYC is ten bagger in terms of EUR, up more than 1400% from March 2009 and I hope it is just begining. As of NTU, I am prepared to jump into for everything looks very promising ( other speculative play is ORM, IMHO )

LYC is a tenbagger plus IF you bought all your holding at the bottom and held till now. This is the difference in paper trades and actually being in the market. In fact my first purchase in LYC was around 37c and I bought again on the way up to 72c. I then followed it down to the bottom averaging down and have bought on the way up as far as 83c. That way I am a bit off a ten bagger.

Not many investors can invest at the bottom and hold till the top but I do see your point. I did however get into NTU near the bottom with a fair number, will not be adding and will hold long term so maybe it will be the ten bagger.

 

[skyQuake]

Re: NTU - Northern Uranium

LYC is a tenbagger plus IF you bought all your holding at the bottom and held till now. This is the difference in paper trades and actually being in the market. In fact my first purchase in LYC was around 37c and I bought again on the way up to 72c. I then followed it down to the bottom averaging down and have bought on the way up as far as 83c. That way I am a bit off a ten bagger.

Not many investors can invest at the bottom and hold till the top but I do see your point. I did however get into NTU near the bottom with a fair number, will not be adding and will hold long term so maybe it will be the ten bagger.

If you're a holder, you can sell your NTU's and buy the oppies to convert, effectively lowering ur entry price.
or increasing holdings at no cost/

 

[nioka]

Re: NTU - Northern Uranium

If you're a holder, you can sell your NTU's and buy the oppies to convert, effectively lowering ur entry price.
or increasing holdings at no cost/

I should have said that I would be taking up the offer and I do also hold NTUOB. Anyone not taking up the offer could sell the rights at a fair price.

 

[5424577]

Re: NTU - Northern Uranium

When is the drilling in John galt and browns ranges scheduled to commence? - im getting a feeling after reading their prospectus thoroughly that this is not on their priority list and will continue to ride their hype on rock chip samples.