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PXR - Palace Resources
- Thread starter imajica
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Hi Chris1983,
When researching stocks, I start off by reading the ASF threads. The brilliant Young Trader first alerted me to PXR. I then followed it up by reading all tha available material on the PXR website including the RM Research report. Lastly, I did a search via Google and then compared PXR to other uranium stocks.
Once it passed through all my filters I then purchased 700,000 options in PXR. My father has also bought 300,000 options. Sometimes one has to be patient with overlooked stocks. I did the same with both MZMO and ERL. Luckily it paid off in both those cases. I'm hoping that PXR and PXRO will do the same.
DYOR
Just looking at NAE.
It has been sold off of late, and PXRO has followed.
I am looking for an entry but haven't built up the courage to buy any options.
I just dont know what they're worth I would like to pay around 4 or 5 cents to be honest but cant see it happening.
It has been sold off of late, and PXRO has followed.
I am looking for an entry but haven't built up the courage to buy any options.
I just dont know what they're worth I would like to pay around 4 or 5 cents to be honest but cant see it happening.
I dont have the courage to buy that many. You have gone in quite heavy. All the best. PXR didn't meet all the criteria I look for but they are quite cheap and have some good things going for them. ECH was a stock that met all my criteria and in the past few weeks my entry has paid off. Hopefully PXR can replicate that. If it does you can pretty much quit work for quite some time if you hold onto your oppies. My main reason for having an entry on them was because I think news on an African project could be looming. Once they get this and it is a project with good prospects.. the upside potential is huge especially with the small amount of shares on issue. The Australian projects look good too but they still have work to do..definately upside with these also so these Australian grounds will support the sp and even push it a lot higher with decent news. Lots of upside potential in this stock.
The oppies expire in 2012. They are a good buy at this level. 20 cents exercise price. Whats the head share trading at? 19? Say you got 10,000 PXR at 20. Thats 2 grand. You could get 30,000 oppies at 6.6 cents.
The head share runs up 10 cents to 30 cents..thats 1 grand profit.
if the head share is at 30 cents the oppies should be a minimum of 10 cents..as they are 20 cents exercisable. You would think the oppies will trade a little in front of the heads due to the greater leverage..you have untill 2012!
Say the head share is at 30..I would expect the oppies to atleast be 12 cents. The profit you would make is greater on the oppies and further gains with the head share will be greater with the oppies as you will hold a greater amount. Thats why PXRO are very attractive. Especially with all the upside potential.
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Yep That is one way to look at leverage
The other way to look at leverage is
"When things don't go expected to plan"
How do the figures look then?
What I mean is Does the parrabolic nature of Leverage work the same on the upside as it hurts "parrabolicly" on the down-side
scenario
Such a dramatic parrabolic downturn would surely destroy the confidence of any a brave seaman IMO
Salute and Gods Speed
The other way to look at leverage is
"When things don't go expected to plan"
How do the figures look then?
What I mean is Does the parrabolic nature of Leverage work the same on the upside as it hurts "parrabolicly" on the down-side
scenario
Such a dramatic parrabolic downturn would surely destroy the confidence of any a brave seaman IMO
Salute and Gods Speed
Chris,you can post your thread now ,I already finished buying my options
yesterday. Thanks to Greggy who mention PXR on NTU threads,so it gets my
attentions.
haha
Yeah I had these eyed off before but when you metioned them to me I remembered the potential. I have another couple of stocks Im after that I believe will be clear winners. I'll post on them when I get back to Perth..currently at Sydney and im on an annoying internet kiosk..dial-up access off my laptop is soooo slow!!
Well if you cant afford to lose anything or take any risk in the stock market you shouldnt be in the market to begin with
Thats what I have to say for those who worry about "when things don't go expected to plan"Hi Chris1983,
IMO its the Tanami tenements and possible West Africam uranium projects which will be the main drivers for this stock. Of the 46.2 million shares on issue, only 24.2 million of them are quoted. There's also 40 milion options on issue. Before buying the options, I looked at buying the shares. Whereas 700,00 shares would have cost me around $175,000 at the time I got the same leverage (to 700,000) for only $56,000. Also, with not many shares quoted it would have been harder to get them. As there are not many shares on issue, there may be a greater effect on the share price on the back of any positive news. The opposite could also be said if any neagative news were to come out. Risk indeed works both ways.
DYOR
Has anyone any idea when the company road show is to begin? People we start to reliase how bright this unpolished gem can become, especially with a current market cap of only $5million!
When I recently spoke with 2 of PXR's directors, they told me that a roadshow will soon take place. No definitive dates were given. The current market cap (of all quoted shares) is now around the $4.5 million mark. As at the end of Mar 07, it had $2.783 million in cash and 3 interesting exisitng uranium projects (2 in NT and 1 in WA) with the likelihood of finding new uranium projects in West Africa. This stock indeed has been truly overlooked. Hopefully, the looming roadshow will increase interest.
DYOR
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PXR is trading at the bottom of its trading range. I generally try to avoid the high flying hot stocks of the moment, but instead look for the overlooked stocks within the market that have strong potential that haven't been widely recognised. Time will tell whether my strategy will work with PXR. However, it has definitely worked with a number of shares of late including ERL and MZM. There are often great rewards for those of us who are patient.
DYOR
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Ahoy Officer Greggy
Are you suggesting that
The Good Get Gooder because they are Good
Or
The Bad get Gooder because they have Good intentions and Hence are
overlooked by the most Goodest?
Salute and Gods' Speed
Thank God it is almaost FrIday on the EOD Global Stock Exchange!
Are you suggesting that
The Good Get Gooder because they are Good
Or
The Bad get Gooder because they have Good intentions and Hence are
overlooked by the most Goodest?
Salute and Gods' Speed
Thank God it is almaost FrIday on the EOD Global Stock Exchange!
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fancy puns and nursury rhimes can't summarise the fact that pxr's market cap is nearly worth the same as its cash in bank. what a joke its a steal! load up and build a position, as this one's firing up to go to the moon, if a sniff of positive news in announced!
enjoy the ride boys and girls!
enjoy the ride boys and girls!
Sean K
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Boy 888, this is a very funny post for ASF. Rarely do we see stocks going to the moon here. Cheers.fancy puns and nursury rhimes can't summarise the fact that pxr's market cap is nearly worth the same as its cash in bank. what a joke its a steal! load up and build a position, as this one's firing up to go to the moon, if a sniff of positive news in announced!
enjoy the ride boys and girls!
Having enjoyed this post for the moment, please leave these at HC for their amusement in the future.
Cheers!
Sean K
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Capt Chaza has his own unique style, but he rarely, if ever, is unobjective in his comments. A reasonable rationalist at sea. Maybe.your welcome kennas! but whats the deal this whishy away ahoy cr..! lol!
HC is an acronym for another site known as HotCopper, where stocks go to the moon on a daily basis. Well, they launch to the moon before they expload into a million pieces and scatter into the ocean taking unsuspecting astronauts to a watery grave. ASF rides on a slower train powered by a little more justification and analysis. If you don't provide some facts to support an argument here, you end up in the ocean.
All the best! kennas
thanks for the the reply kennas. as constructing an argument towards pxr's real value i'll let greggy do the talking. we all know what pxr is all about, its just a matter of time and patience! essentially riding this slow ASF train you've just made me aware of!
cheers!
cheers!
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