POW - Protean Energy

[springhill]

Re: SHE - Stonehenge Metals

MC -
SP -
Shares - 424m
Options -
Cash -
Top 20 SH - 45%

Directors
•Warren Staude – Chairman
•Richard Henning – Managing Director
•Bevan Tarratt – Non Executive Director
•Bob Cleary – Non Executive Director

DAEJON URANIUM AND VANADIUM PROJECT UPDATE ON TENEMENT STATUS
o Stonehenge continues to increase its land holding area across the Daejon Project.
o Three new Mining Exploration Right applications for uranium, vanadium and molybdenum were submitted for approval in June 2012.
o Four new Mining Exploration Right applications for vanadium and molybdenum were submitted in April 2012, which overlap existing granted uranium Mining Right licenses held by Stonehenge.
o Fifteen new Exploration Permits have been granted across the Daejon Project Area since March 2012.

Daejon Project
•Daejon Project largest known uranium resource in South Korea
•65 Mlbs contained uranium (Inferred Resource) with significant upside exploration target 17-39Mlbs U3O8 at Yokwang
•Daejon: focus of current work
•25-year mining rights
•Opportunity to provide Korea with 25% of Uranium requirement annually
•JORC inferred - 92Mt @ 320ppm U3O8 for 65Mlbs U3O8

Yokwang
•Yokwang offers significant exploration upside
•Yokwang has a current exploration target1 of 17-39Mlbs U3O8
•Additional resource upside along strike
•Exploration tenements extended to secure area
•Mine modelling indicates 12 years of open cut ore at strip ratio of 2.5:1
•Drilling targets identified

Daejon Project: Vanadium target
70-90Mt @ 250-300ppm V2O5 for 385-695Mlbs V2O5

 

[pixel]

Re: SHE - Stonehenge Metals

It seems they've had a rather chequered history over time:
Base metals, uranium, Tasmania, Korea, ...

Now they try wane energy, teaming up with KORID in California.
The Market seems to see it as a breakthrough.

Can the bounce off Fib .618 support bring it back up past 5c?

 

[pixel]

Re: SHE - Stonehenge Metals

Resistance at 4.7 seems to hold after all and I might have been better off selling into the pullback towards 5c. Let's wait till tomorrow morning and see in which direction the overlap might occur.

 

[pixel]

Re: SHE - Stonehenge Metals

After a few swing trades, I decided to hold on to my latest full position in anticipation of 4.7 turning support with new resistance - about to be broken - at 5.2c.



Current resistance = 5.2c
Fibonacci target (Phi) = 8.2c
Trailing Stop = 4.6c as that would violate the assumption "support = 4.7"

Fundamentally, I am impressed by their advances into wave energy conversion. Early stages yet, but economically, it seems to compare favourably to CWE's concept.

 

[Joules MM1]

Re: SHE - Stonehenge Metals

clean energy ...

Joules MM1
2015-Aug-25 10:31:03
bought some AJX at 84's and SHE at .034's yesterday ...a tad too early

video wave testing

https://vimeo.com/lushdigital/review/136588591/d6a70783aa

https://content.markitcdn.com/resea...CTEYySkwiLCJmaWQiOm51bGwsImR0IjpudWxsfQ==.pdf

 

[System]

Re: POW - Protean Wave Energy

On January 21st, 2016, Stonehenge Metals Limited (SHE) changed its name and ASX code to Protean Wave Energy Limited (POW).

 

[System]

On November 28th, 2016, Protean Wave Energy Limited changed its name to Protean Energy Limited.

 

[greggles]

Protean Energy has been seeing a bit of an uptick recently. Some good news came through last week concerning POW's Daejon vanadium project in South Korea. The company is confident that a 2012 JORC Code compliant vanadium mineral resource will be achievable through the upcoming non-destructive assaying programme of core, from the Daejon project area, held by the Korean Institute of Geoscience and Minerals (KIGAM).

The resource update, which is expected during Q2 2018, is expected to increase the vanadium metal at the project.

Protean Energy's share price rose from 2.3c to 3.4c today, a 41.67% increase.

 

[greggles]

POW out of the gate strongly this morning, but nothing has been announced to the market. Up 21.88% so far today to 3.9c on high volume of more than 26,000,000 shares.

I guess there will either be an announcement or an ASX speeding ticket this afternoon.

 

[Joules MM1]

more vanadium ?

 

[greggles]

more vanadium ?

As I predicted, the ASX speeding ticket arrived. As expected, the company said that they are not aware of any information concerning it that has not been announced which could account for the recent trading. However, the company also said:

The Company notes the following:

a. On 30 January 2018 the Company advised of the commencement of a pXRF program to assay KIGAM core. The Company is utilising non-destructive assay testing with the aim to update the current vanadium and uranium JORC-code compliant resources over the entire Daejon Project strike area. Completion of the pXRF program is anticipated to complete during Q2 of 2018; and

b. The price of Ferro Vanadium, a universal hardener, strengthener and anti-corrosive additive for steels, is at 52-week highs which has translated into positive market sentiment towards vanadium and vanadium explorers as a whole.

Personally, I don't buy the company's explanation. There is simply too much volume being traded today. When I posted less than three hours ago it was around 26,000,000 shares. Now it's almost 37,000,000 shares.

Something is going on. Either someone is buying in big time, or price sensitive information has leaked out. Whatever it is, we will know soon enough.

 

[Joules MM1]

POW out of the gate strongly this morning, but nothing has been announced to the market. Up 21.88% so far today to 3.9c on high volume of more than 26,000,000 shares.

I guess there will either be an announcement or an ASX speeding ticket this afternoon.

Element Vanadium (V), Group 5, Atomic Number 23, d-block, Mass 50.942.

 

[greggles]

POW is certainly holding up well since my post on Monday. Plenty of interest in this one.

 

[Joules MM1]

watched this on the weekend....thought was; hey if this battery works out...ok, ramp done
https://www.netflix.com/au/title/80135587

 

[Joules MM1]

bid 0.018 offer 0.019
high 0.021 low 0.014
vol 11,279,571 98 199,463
prev 0.014 0.013

no news i can see thus far, so the rip is endogenous, prob a leaky boat

bought at .018's

a company that owns it's product source for making its own product

 

[Joules MM1]

Element Vanadium (V), Group 5, Atomic Number 23, d-block, Mass 50.942.

View attachment 86297

we've been down this road before, my friend.....

after the weekend gurus's have been at the avocado crowd we'll see how much this is going to run

 

[Joules MM1]

waited to get on this, got on a fake low and sucked a kumera, trapped in a hustled auction

do not try this at home kiddies....guessing there wont be any gurus spruiking the avocado crowd afteral

the question now is how to get out at best loss ?

 

[Ann]

waited to get on this, got on a fake low and sucked a kumera, trapped in a hustled auction

do not try this at home kiddies....guessing there wont be any gurus spruiking the avocado crowd afteral

the question now is how to get out at best loss ?

You never know Joules, .014 may be seen as a tested level from which to rise. The aviontoast mob may see the big volume and the high of .021 and think it is a buy-in as opposed to a dive-out as witnessed by Twiggs Money Flow. It may rise a bit trying to achieve those highs of Friday.
You were given a hint though on your chart if you look at the daily Twiggs Money Flow, it had already turned down. I only ever trust the weekly Twiggs Money Flow on the weekend with my poached eggs, goats cheese and avi, no toast!

Good luck with the save, you may be OK if the punters tell themselves a bedtime story, plus there was no negative announcement other than a speeding ticket reply.

The daily Twiggs Money Flow is telling the horrible story in full today...

Note I am trying really hard not to make any POW jokes!

 

[Joules MM1]

You never know Joules, .014 may be seen as a tested level from which to rise. The aviontoast mob may see the big volume and the high of .021 and think it is a buy-in as opposed to a dive-out as witnessed by Twiggs Money Flow. It may rise a bit trying to achieve those highs of Friday.
You were given a hint though on your chart if you look at the daily Twiggs Money Flow, it had already turned down. I only ever trust the weekly Twiggs Money Flow on the weekend with my poached eggs, goats cheese and avi, no toast!

Good luck with the save, you may be OK if the punters tell themselves a bedtime story, plus there was no negative announcement other than a speeding ticket reply.

The daily Twiggs Money Flow is telling the horrible story in full today...

View attachment 93213

Note I am trying really hard not to make any POW jokes!

fave speaker Colin Powell
fave sport powder-snowboarding
fave batman/catwoman speak-bubble kapow ......you were going there...right

i got caught in my own 'this company has all the right ingredients to be a longterm investment' shtick while confusing it with a short term money spin

under the axiom of 'the previous trade is not connected to the current trade' i should have taken more time to get confirmation as there was no news and typically before major index swings there are a few penny stocks that get ripped ....a decent make on one stock and decent whack on the next stock ...on the upside my index shorts looking good for a few more tiks

if the stock can salvage a cupla cents in the midst of major indexes sells and add more transactions at the bid than the offer, i'll take that as a good sign, but clearly, the stock was rifled, which doesnt change the outlook from a longerterm perspective, imho, it just changes how friggen long it'll play out !!

edit: i shouldnt powt ?

 

[Ann]

i got caught in my own 'this company has all the right ingredients to be a longterm investment' shtick while confusing it with a short term money spin

I hear what you are saying Joules, it is why I avoid as much FA as I can, it is the stories one tells oneself as to why it is going to be a great stock which can make you a Prisoner Of Wonderland!
I am trying to train myself off the stories and on to a strict discipline of TA assessment of indicators, MAs and indices. The story why it will be great, I shall leave for others!