PNN - Power Minerals

[yogi-in-oz]

Hi folks,

PNN ... time cycles, through to early-July 2007:

February 2007.

06022007 ... positive news expected here.

22022007 ... minor and intraday rally?

23-26022007 ... minor and positive

-----

March 2007.

05032007 ... significant and negative

22032007 ... significant and positive news ...

23-26022007 ... positive news expected.

27032007 ... minor

-----

April 2007.

13-16042007 ... 2 minor and positive cycles here

17042007 ... minor

26042007 ... positive spotlight on PNN ...

30042007 ... positive news expected here

-----

May 2007.

11-14052007 ... 2 minor and positive cycles here

23052007 ... minor

25-28052007 ... minor

-----

June 2007.

01-04062007 ... minor and positive news

11-12062007 ... significant and negati ve ... finances???

27-28062007 ... minor, positive light on PNN

30062007 ... minor and positive news

-----

July 2007.

02-03072007 ... good news, but flat trading here ???

happy days

yogi

 

[Wysiwyg]

What I`m picking up on the U issue is that the `peers and self righteous`(you know,the ones that are already set up,the hypocrites on their soap box)are coming out of the woodwork.The self righteous trying to conquer the world ...what a laugh. :twak: You know the ones...they complain about the direction and state of the world as they jump into their car and spew some toxic fumes into the air.The same ones that switch on their lights with power generated from the big polluting power station.What a laugh.Have a look at ya selves you self-righteous pompous jokes.

 

[UraniumLover]

How far down is PNN going to go ?
Last time profit taking occured it wasn't this severe from memory.
I hope that's all it is as i don't recall any bad news with Sinosteel or anything.

 

[Wysiwyg]

How far down is PNN going to go ?
Last time profit taking occured it wasn't this severe from memory.
I hope that's all it is as i don't recall any bad news with Sinosteel or anything.

Good question...seems to be a lot following it down.Don`t want to see their profits dwindle away.The chinese have coughed up some millions already to seal the deal (non-refundable) and the 1st of this month it was open trading in U to the chinese.All deals failing it is still an interesting little number to watch unfold. This uranium business has been building up for years and uncertainty will surround the stocks until the April meeting.

 

[56gsa]

Hi folks,

PNN ... time cycles, through to early-July 2007:

06022007 ... positive news expected here.

yogi

Yogi - I like your first predicition... PNN due to make announcement re Sino Feb 8th... lets hope its 2 days earlier with positive news!

 

[56gsa]

Got stopped out of this but watching with interest

This is all over the shop today 158 to 138 back to 157 and now back to 140 -highest volume day since they announced Sino deal in Sept06

Whats going on? Some options...

1) The fall from 220 over the last week would suggest Sino deal is not happening. People trying to find fair value for PNN based on no Sino. If Sino deal fell through because of approvals or paperwork etc then PNN U deposits still have value, if it fell thru because Sino due diligence found U deposits were worthless then PNN goes back to the dog house

2) Another option is Sino deal will go ahead - however they are getting 60% of U deposits in return for $30m cash - this will be in shares but not clear if this means they'll end up with 60% ownership of PNN or something less than that recognising value for other PNN projects.

If they are to have 60% ownership of PNN I estimate this increases share capital to 179m (based on 71m now), which would mean at $1.40 PNN has $250m market cap and EV of $17/lb U. probably fair value .....

So which do I think - something strange about the fall is that someone has been placing 100k orders along the way (191, 175, 145 & 138) - is this the same buyer... do they know something?

we'll know in next couple of days....

 

[mmmmining]

If they are to have 60% ownership of PNN I estimate this increases share capital to 179m (based on 71m now), which would mean at $1.40 PNN has $250m market cap and EV of $17/lb U. probably fair value .....

56gsa, if the deal goes ahead, Chinese will have minority share holding (through previous placement, and first payment for the extension), but 60% of the uranium properties in SA. PNN will own 100% of nickel project in Masgrove, and gold/uranium project in Georgetown, QLD

 

[56gsa]

mmmmining - this has been bugging me so i checked the original announcement again which said

Subject to appropriate legally binding agreements and government approvals, Sinosteel will pay PepinNini $A30.5 million for a 60% stake in the newly formed company that holds the project and tenements.

so it reads as if they will spin of new company for uranium deposits. However in later references they drop the 'newly formed company' reference.

if sino agree would be interesting to see if they do this - and what sort of float this may entail... would be a good one to be on!!

if sino don't sign, PNN might decide to spin of U deposits anyway??

 

[mmmmining]

Form a new company does not need to be a public list company. Private subsidiaries, or joint ventures owned by public traded company is very common.

There is no need to spin off uranium assets because PNN is a uranium company, and current the nickel and gold has no value. But I always believe the nickel project could be very big.

I called the company, nobody answer. I guess they might be in China already. I guess the deal will go ahead. The PNN's uranium deposit is not very attractive, but it has almost passed scope study, and feasibility study 20 years ago. It is still much better than anything they can find in China.

If not go ahead, I guess it must be bureaucratic issue, not technical problem. I guess Chinese might asked for more extension to push it through.

I stick my neck out ..... Please be gentle....

 

[Accaeric]

will convert A$2.00 per share to Sinosteel

 

[tech/a]

PNN

There is massive supply here.All sellers are coming down to buyers and selling into any voulme surge from buyers trying to pick bottoms.

I would want to see a great reduction of price range and volume to see sellers drying up OR a small range day on high volume to soak up sellers.
OR a low volume upday to show no more sellers support.


This could now drift down to 50-61.8% retracement of the full move $1.00 to $1.20

Simply my opinion.

 

[56gsa]

there it is.... sino announcement - agreement extended for another 2-3 months to gain government approvals

U exploration and BFS will continue

this should soak up a few of those sellers tech?

mmmining - u were right - they were in China!

 

[tech/a]

I gotta hand it to yogi.
How can a chart predict an announcement a day apart!! Amazing.

Test here will be to see how long and sustained the rally is.
This is part of a wave 3 (normally) corrective move.

It goes down then rallies then goes down again. These can be protracted corrections rather than impulsive up moves.

Watch volume and bar ranges.

If you read yogi's predictions that sort of mirrors that type of scenario.

 

[mmmmining]

56gsa

The Tough Aussie vs Mighty Chinese - Round Two

The Tough Aussie Said: hurry up, no more free ride, you have to pay in advance, and in full price, no concession anymore;

The Mighty Chinese Said: OK, OK, I just had a nap. I still want to ride, how about $2 per ticket......

The approval on Chinese side is a easy one, but time consuming. But on Australian side, it is a bit of new thing. The new law has just in place in December, and it is the first of this kind to own a majority of a uranium mine by Chinese.....

But Aussie will get over it. The Canadian can do it, The American can do it, The South African can do it, and the French can do it, why not Chinese?

Besides The Aussie's wealth will largely depends on the Chinese for exporting the raw materials, and drawing the tourists, just like the Americans who have to beg the Chinese to keep buying IOU.....

 

[mmmmining]

I Quote from Gurgler in the thread of Uranium, a Raging Bull :

China National Nuclear Corp's English website doesn't mention anything about it so we'll have to trust the journalists at the local Xinhua press agency to report that the state controlled company has signed a strategic cooperation agreement with Sinosteel Corp to "jointly invest and explore overseas for uranium resources".

--------
Comments: PNN is only a prelude for big Chinese invasion in uranium asset. Watch out, all undervalued uranium stocks!

 

[Noskcid]

Hi Guys im kindda new to this, been in property for the last few years but thinking about looking at shares. I've been looking at the PNN news for the last 2 months. From what I been reading, because sinosteel invested 60% ownings on PNN's U mine. Also as China would be one of the biggest comsumptions of this material, they would obviously buy from a company that is part chinese owned (as the money would still be circulating between themselves). Also with the agreement with Australia for exporting U to China, would this mean PNN at the current price is a good buy?, as it is a junior company but with the input from sinosteel bringing up their cash flow for exploration and mining also from memory bringing up their networth from 90mil to 190mil??

What do people think? Or how else would I analyze this?

What other ones would you recommend I have a look at and why??
(some others I have been looking at include AGS,BMN,WMC,PDN,SMM,ERA???)

Also whats the sp?? As in how does it work?

And if this is the wrong thread for questions beside PNN, I would like to appologise.

mmmmining:
Comments: PNN is only a prelude for big Chinese invasion in uranium asset. Watch out, "all undervalued uranium stocks!" = ????

 

[Halba]

we can't advise whether its a good buy or not. check with ure broker lol. but most u stocks are now approaching full value, bear in mind PNN's reserves are really low, and it faces the usual australian regulatory requirements

 

[Noskcid]

LOL, obviously Im not asking if its a good buy or not, but just asking for advise from people and what they think on it, im not going to base it on what people say here haha, but mainly looking at peoples views.

 

[Sean K]

LOL, obviously Im not asking if its a good buy or not, but just asking for advise from people and what they think on it, im not going to base it on what people say here haha, but mainly looking at peoples views.

Have you had a good read though the thread Novskid? Lots of views there. Have you anything new to add, or just fishing for some updates, and/or interest? Out of interest, are you holding, or looking for an undervalued U play? Lots of info in the Uranium Raging Bull thread too...

 

[Noskcid]

Have you had a good read though the thread Novskid? Lots of views there. Have you anything new to add, or just fishing for some updates, and/or interest? Out of interest, are you holding, or looking for an undervalued U play? Lots of info in the Uranium Raging Bull thread too...

Yes I have read it, I've read all of it (some just a lil old thou). And if you have read my info, im new to this atm, if you ask me property or what I think about interest rates ill have a lot to say, but here yes Im looking for peoples ideas and expressing what I think of it as a new commer

Im not fishing for updates, as I have been reading up on it, but just wanna know if how I look at it is correct or if im missing anything

I have asked what some abrevs was, what some quotes mean etc. I have pre-apologised if the questions was in the wrong thread, so if they are where can I ask those questions? I do hold some BHP from a while ago and other shares but not a pro.

Undervalued U play?? As in the share value is under estimated value??