ORP - Orpheus Uranium

[bliimp]

ARE's price will be rumour driven and results driven for at least the next 2 to 3 months.

They are drip feeding the the Kroombit zinc/copper drill results; and will commence in the next few days the drilling of the Torren's IOCGU play ... which should probably see out the year and the early part of next year.

Expect volatility!

 

[ttnt]

Wow, the SP is getting crazy this morning.
wat a Surprsing... ....
Must have some 'special' report released later.

 

[adobee]

This is ridiculous... I thought for sure today I can buy in and whats up 11% ... seriously what is going on here!!???

 

[hector]

Sold half my holding at 73c today - I forgot that I'd set that profit target. With ARE being one of the few stocks trading above Friday's close I would prefer to be holding the lot.

I'm looking forward to some news. I suspect ARE may have investor appeal and not just my meagre speccie dollars.

Cheers to all on board!
hector

 

[ttnt]

Is on the trading halt now, a new announcement is going be out.
hope it's a good report.
Let's see.

 

[ttnt]

New Ann:

(Australia) Pty. Ltd. (Straits) has exercised its option under the Torrens Option and
Joint Venture Agreement (JVA).
Straits has advised that the commencement of drilling at EL3195 is a significant step
forward and it therefore chooses to exercise its option as of 5 November 2007.
Straits and Argonaut have now entered a contractual joint venture governed by the
terms of the JVA. The joint venture has entered the farm-in period whereby Straits
must spend $7million over a maximum of 5 years to earn a 70% interest in the project.
The companies look forward to an exciting and fruitful joint venture partnership in the
Torrens Project.

 

[emerger]

ARE,,,,closed the gap to the left and put in a double bottom on the 50% return and now bouncing off the 20 period ma,,,with volume building.

ready to emerge through the breakout line and back into the uptrend,,drilling Torren's daughter hole to resume this week with zinc/copper play in QLD ready for production with nearby infrastructure,,,Gold in Laos.

price has been contained in a base range for years with breakout confirmed at 30c plus big volume as seen here on the chart,,,this is the first natural reaction back to the 50c area on very little volume and now volume building again.

Shares on issue at 165mill small market cap = big moves,,,,
explorer to producer dyor

Emerger

 

[bliimp]

ARE announced last week of drilling to a jorc standard at Kroombit to commence mid-June.

When this happens and based on all the company reporting of a fast track mine due to surface mineralisation and closeness to port, power, rail and road, then ARE should be able to throw away the "spec" tag and call itself a MINER ... but of course, with a couple of sideshow "spec plays" in Laos and Mt Torrens.

And that will be no mean feat !!! ... look at the 100s of spec plays vying for attention in today's tight-money environment! ... and how many of them will make it to miner? ... is 1-5% realistic?

An informative valuation will be possible on ARE on just the Kroombit results ... and I wonder if it will be 25c as per today's SP!

And let's not forget that ARE placed 30million shares at 40c to "sophisticated investors" back in October last year ... towards the end of the confirmitory drilling at Kroombit.

Since that time, Laos is coming up with better gold grades as well as a surprising nickel discovery, and the Torrens drilling is "keeping on keeping on".

Interesting times ahead!

 

[Ding]

All has gone quiet with ARE. anybody have any news? It seems the Laos side of things has gone quiet but what about the Australian part??? Any new would be great.

 

[pixel]

It's been quiet for a reason:



Mention the L-word, and you double or quadruple your money:
http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=01732266



The day traders are all over it.
I find these swings rather predictable, especially when there is a lot of liquidity.

 

[El Pedrino]

Looks like news coming soon. Results look promising for the 4 other drill cores! Argentina soon hopefully.

 

[Metal Teeth]

Out of a trading halt today after a raising $2.7 mill in a private placement. No change in SP, perhaps due to additional fund raising with a SPP to investors which closes Oct 16. What's the money for? In SA's Murdie Project they'll be surveying and dril tests for copper, while in Zambia there's testwork to be done on copper-coblat. Nothing too exciting just yet. I've yet to receive my SPP email, possibly due to timezone differences, anyone got there's?

 

[Dona Ferentes]

getting busy again.
.
Mundaerno and Radium Hill South Projects granted, Sentinel-2 satellite imagery and thermal studies underway

Argonaut Resources NL, to be renamed Orpheus Uranium Limited, is pleased to announce the formal grant of two projects highly prospective for sedimentary-hosted roll-front and tabular-style uranium mineralisation, located within proximity to the Company’s Frome project in the Frome Embayment, in the Southern Curnamona Region and Murray-Darling Basin of South Australia.

Highlights
URANIUM PROJECTS GRANTED
Mundaerno Project – Exploration licence granted
• EL 6958 Mundaerno project is located approximately 12 kilometres south of the Honeymoon Uranium Mine, comprises a portion of the headwaters of the highly prospective Yarramba Palaeochannel and is positioned directly on top of Mesoproterozoic granitic rocks that are potential source rocks of the uranium.
• The Yarramba Palaeochannel hosts significant sedimentary-hosted uranium deposits, including: Honeymoon Uranium Mine (36 Mlbs contained U3O8), Yarramba (Jasons) deposit (11 Mlbs contained U3O8); held by Boss Energy Ltd (ASX: BOE), as well as a number of uranium occurrences.
• Limited historic drilling during 2011 intercepted Tertiary sequence sediments of the Yarramba Palaeochannel and confirmed uranium mineralisation in weathered basement which yielded a peak uranium value of 130 ppm U.

Radium Hill South Project - Competitive exploration licence granted
• EL 6960 Radium Hill South project was awarded to Orpheus by the Government of South Australia via a competitive application process.
• The Radium Hill South project contains five (5) exceptional uranium prospects with drill ready targets, located within the Olary Palaeovalley System containing up to five kilometres strike length of Tertiary palaeochannels prioritised for geophysical targeting and drilling.

.
market cap $15million
.

 

[frugal.rock]

Just don't mention the recent share consolidation to long term holders.

 

[Dona Ferentes]

Just don't mention the recent share consolidation to long term holders.

I assumed there'd be one (or two).

 

[brerwallabi]

My pick for the February monthly tipping competition.
ARE have joined the uranium bandwagon, a pretty failed company over the years.
They might have better luck this time with uranium.
Name change is on the way too, just to let one and all know we are uranium now, the new company name will be Orpheus Uranium.
Drill will be in the ground early this year, considerable projects in Australia.
The moral of the story of Orpheus in Greek mythology is be patient and to keep faith.

 

[brerwallabi]

I am so glad I never bought this one and instead added a few more LOT.

 

[System]

On February 22nd, 2024, Argonaut Resources NL (ARE) changed its name and ASX code to Orpheus Uranium NL (ORP).