NUP - Nupower Resources

[nizar]

Re: NUP - NuPower Uranium

Especially when you got it for nothing if you held ARU

cheers laurie

Yeh thats gold the structure.
ARU went up anyway.
So its like free money.

 

[alankew]

Re: NUP - NuPower Uranium

Why is this down so much today - I dont hold yet but might be tempted now.

 

[nizar]

Re: NUP - NuPower Uranium

Why is this down so much today - I dont holdy et but might be tempted now.

UMM.... its a 7-bagger!
How much more up did you want or expect it to go, I mean, seriously??
Were you waiting for 10-bagger? LOL

 

[Sean K]

Re: NUP - NuPower Uranium

why is this down so much today - I dont hold yet but might be tempted now.

Alan, have you read the ann regarding the drilling results. You should read this before investing I think. You really need over 250ppm to have something close to economical, depending on widths, and loc to surface etc...

 

[BIG BWACULL]

Re: NUP - NuPower Uranium

UMM.... its a 7-bagger!
How much more up did you want or expect it to go, I mean, seriously??
Were you waiting for 10-bagger? LOL

6 bagger 5 bagger 4 bagger 3 bagger 2 bagger 1 bagger BOOM LOL

 

[alankew]

Re: NUP - NuPower Uranium

Kennas thanks for the sensible reply.

 

[Gutterboy]

Re: NUP - NuPower Uranium

Kennas,
If those results were over a wide width,is it possible they could be economic or is that grade just not worth the processing cost?

 

[Sean K]

Re: NUP - NuPower Uranium

Kennas,
If those results were over a wide width,is it possible they could be economic or is that grade just not worth the processing cost?

You'd need a massive resource and very near surface for average grade under 250ppm to be economical, if at all. There's a few factors at play, including what type of deposit it is. Others might be able to shed more light on this, or have another opinion.

POU is obviously a factor too. There's plenty of old deposits being opened up now which were abondoned in the 80s because POU was so depressed. Perhaps at $150+ a lb, less than 250 ppm could be economical...??

 

[Gutterboy]

Re: NUP - NuPower Uranium

Thanks mate.

 

[chris1983]

Re: NUP - NuPower Uranium

A number of guys got burnt on this one due to getting in late. I didn't like it much from the start but it still does show potential with their tenement holdings. All the ones in early are happy..but the grades are not impressive at all. Pick carefully in the uranium sector. I dont know what a good entry level would be on this one right now.

 

[mmmmining]

Re: NUP - NuPower Uranium

Don't underestimate the Lagoon Creek's potential. It could be a copycat of AGS.

Lucy Creek is just outside a geological region up to 50,000t uranium. So the results is not a big surprise to me.

But Lagoon Creek is well in one of these region. Go to Geoscience Australia, download a map about it.

 

[chris1983]

Re: NUP - NuPower Uranium

Don't underestimate the Lagoon Creek's potential. It could be a copycat of AGS.

Lucy Creek is just outside a geological region up to 50,000t uranium. So the results is not a big surprise to me.

But Lagoon Creek is well in one of these region. Go to Geoscience Australia, download a map about it.

Agree the potential is there. Its just the recent results were poor hence the SP drop. It had gone up way too fast anyway. Profit takers jumping in. Their grounds are good and still a lot more area to drill yet. I'm waiting on the sidelines for the time being.

 

[mildew79]

Re: NUP - NuPower Uranium

Ahha uranium nice nick there. Well you can join people like me who has quit their day job. Good luck in your trades.



Yep will do. But market will sort you guys out in time. The 'wheat from the chaff'. If NUP doesn't have anything it will fall. In the case of me being wrong, not one announcement of substance has come after listing. NUP has just gone up due to hype. I don't see anything to back up its increase in market value.

who said we were holding when it fell???? statements merely said there was money to be made. admittedly if you take a long term perspective it doesnt look to good yet imo. but short term people have made alot of money on this one.

your fundamentals do not factor in hype. there is and has been much money to be made in this hype factor over the past year or so. this is a prime example. i prefer to use both technical and fundamentals for this exact reason.

for example: using your logic, you would have made very little money during the tech boom, yet stocks were moving 1000 percent plus in weeks. there are traders smart enough to be aware of the hype factor yet not disregard a good chance to make money. during the tech boom, those who were aware of the hype factor were out at the first sign of weekness and made bucketloads. the dummies were the people that held on to hope.

dont get me wrong halba, all my larger long positions are held using your sentiment, especially any leveraged positions. however i believe i can see an opportunity in some of this hype and the $$ back it up.

ps its not about being wright or wrong guys, seems to me like halba knows his/her stuff and is making money also this is what trading is all about. and i agree halba, there will be a wake up call eventually for the people with there pants down...there has been already for many

 

[Wysiwyg]

Re: NUP - NuPower Uranium

Some interest at NUP this morn. with no drill results till Sept. so might be steering the trend up maybe :frosty:

Not much in the sellers depth too.

 

[craigj]

Re: NUP - NuPower Uranium

anyone still own this?

market cap only 7 m

drilling for phosphorus in NT

had recent capital raising

any thoughts ?

 

[jonojpsg]

Re: NUP - NuPower Uranium

Heads up people! Latest ann from Eva exploration for U and Au in NT:

Major hits include

16m @ 13800ppm and 8.53g/t from surface, 7m @ 4600ppm and 3.77g/t from 19m to 26m

21m @ 6000ppm and 5.32g/t from 6m to 27m inc 4m @ 26000ppm and 19.41g/t from 12m to 16m

12m @ 5900ppm and 13.39g/t from surface and 30m @ 2500ppm and 2.07g/t from 14m to 44m

These are awesome results IMO, particularly in that they are from surface. At this stage strike length is only 100m but with these grades, if they can extend that will provide some pretty good resources.

Current MC at todays price (up 40% to 11.5c atm) is about 25m with about $2m cash.

Disc: I bought a small parcel at 12c today

 

[Bushman]

Re: NUP - NuPower Uranium

Heads up people! Latest ann from Eva exploration for U and Au in NT:

Major hits include

16m @ 13800ppm and 8.53g/t from surface, 7m @ 4600ppm and 3.77g/t from 19m to 26m

21m @ 6000ppm and 5.32g/t from 6m to 27m inc 4m @ 26000ppm and 19.41g/t from 12m to 16m

12m @ 5900ppm and 13.39g/t from surface and 30m @ 2500ppm and 2.07g/t from 14m to 44m

These are awesome results IMO, particularly in that they are from surface. At this stage strike length is only 100m but with these grades, if they can extend that will provide some pretty good resources.

Current MC at todays price (up 40% to 11.5c atm) is about 25m with about $2m cash.

Disc: I bought a small parcel at 12c today

Fantastic grades those Jono. Follow-up drikking will be keenly followed. Massive volume today as the traders trade the announcement.

 

[jonojpsg]

Re: NUP - NuPower Uranium

Fantastic grades those Jono. Follow-up drikking will be keenly followed. Massive volume today as the traders trade the announcement.

Hmm, looks like the traders had me for lunch

Oh well, teaches me to be a bit more patient with jumping in on these trades

Still, with those grades there would have to be more upside to come down the track...wouldn't there

 

[Gringotts Bank]

Re: NUP - NuPower Uranium

Grabbed a few at 42. Looking to sell Monday, into some continued strength.

 

[springhill]

Re: NUP - NuPower Uranium

NUP is now showing as NuPower Resources, not Nupower Uranium.

Annoucement out today.
http://www.asx.com.au/asxpdf/20120621/pdf/426ysrbwhsk0fg.pdf


NuPower is pleased to announce that that is has completed its Phase 3 reverse circulation (RC) drill program on the Arganara Phosphate Project in the Northern Territory. Assay results are pending.

9,110m were drilled over 34 days at an average rate of 268m per day. The average final depth of each hole was 36m. A scheduled mid program break of one week and a number of mandatory maintenance days were the only interruptions to drilling.

An additional 1,110m have been drilled over the initial planned program to support resource calculations. Due to the extra drilling a number of holes have been delayed and will move Phase 4 drilling later in the year. A small Diamond drill program will commence over the coming weeks to provide density information and material for metallurgical studies.

The primary aim of this program is to establish a maiden JORC Mineral Resource for the Arganara Prospect by extending and infilling the 2011 Phase 1 & 2 drill programs. Due to preliminary resource modeling and QA/QC already being completed using data from the 205 hole Phase 1 & 2 drill programs, the integration of the Phase 3 results should be swift, enabling the timely estimation of a maiden JORC Mineral Resource.

449m shares, $1.7 cash available.