RPT - Redport Limited

[Ann]

Re: RPT - Redport Limited FPO

Hi BraceFace,

Please don't for a second think I am having a go at anyone who invests in uranium miners or any miner for that matter. I don't buy them but I am interested in the markets and charting. I leave my bias at the front entrance when I enter the market. I spend most of my time cheering the guys on and putting up charts and info. I am completely neutral about these companies when I am discussing stocks.

My comments on the thread I mentioned were purely in reply to one of our regular posters.

Apart from that, Laurie is one of the mainstays on the Uranium thread and I would be loath to offend him.....wouldn't I Laurie?

Here is an article I posted on the thread recently. It is about SA but it does mention a time table for the Labor Party and the Uranium question. For your interest....

Uranium mines: the rush is on
Chris Pippos
15jan06

URANIUM exploration is booming in South Australia as the State Government pushes for more mines, saying that not to allow them would be akin to "the Saudi Arabians keeping their oil in the ground".

New figures show 25 Australian and international companies have 86 uranium exploration licences in SA – an increase of about 100 per cent in three years.

And a further 30 licence applications are being considered.

However, uranium opponents say the Government has wasted more than $1 million of taxpayer dollars to fund the boom and help companies drill for uranium.

The uranium industry is now rushing to peg out sites in the state's north and cash in on the threat posed by high oil prices.


SA Mineral Resources Minister Paul Holloway said SA would expand its number of uranium mines some time about 2010 if Labor's three-mine uranium policy was overturned at the party's 2007 national conference.

"We can't avoid it – it would be like the Saudi Arabians keeping their oil in the ground," Mr Holloway said.

"I think it's inevitable the policy on uranium will be changed.



Balance of article....

http://www.theadvertiser.news.com.au/common/story_page/0,5936,17823785%5E2682,00.html

 

[Ann]

Re: RPT - Redport Limited FPO

Talking about charting, it is probably time to post a chart....

 

[laurie]

Re: RPT - Redport Limited FPO

Uranium up again

January 16, 2006*
US$37.00/lb
(+0.50)

cheers laurie

 

[BraceFace]

Re: RPT - Redport Limited FPO

I doubt there is a single politician from any party over here with gonads large enough to stand up and say "Nuclear energy is the way of the future"

Well it seems even Big Bomber Kim Beazley doesn't have the gonads either.
Nuclear Energy (and therefore by default uranium mining) is off federal Labor's agenda for now - based on Kim's comments yesterda.

I think I'm going to buy shares in coal. :screwy:

 

[Market Cap]

Uranium up - Ux U308 price: 38.25
Change from
previous week +0.75
I am very new at technical analysis. Could someone comment on the RPT's SP chart,please? Thanks in advance.

 

[Ann]

Hi Everyone,

Here is a February recommendation report for RPT...

http://www.redport.com.au/IRM/Compa...034&PageName=Intersuisse Report - Redport Buy

 

[BraceFace]

" Its resource valuation is Currently the Lake Maitland resource is the ninth largest in Australia outside of producing operations. The likelihood that the Lake Maitland project will receive mining approval from the Western Australian government is a matter of conjecture. However, with changing public sentiment towards nuclear power generation cracks are starting to appear in what was previously staunch opposition."

This is quoted directly from the report Ann listed in her post.

Sure, the nuclear power debate has been stimulated in recent months but as I have stated previously, I seriously doubt we are going to see any government, federal or state, change its POLICY on uranium mining for a while. They might throw the idea out there, but there are too many people who are opposed to anything nuclear that the pollies wouldn't risk their re-election chances. It would be political suicide, despite the fact that nuclear power is far cleaner than coal powered generation.
Cracks appearing - yes, policy change - no.

There is no doubt that this is Speculative stock, but a buy I'm not so sure - but be prepared for a rollercoaster ride if you do!

 

[YOUNG_TRADER]

Sure, the nuclear power debate has been stimulated in recent months but as I have stated previously, I seriously doubt we are going to see any government, federal or state, change its POLICY on uranium mining for a while. They might throw the idea out there, but there are too many people who are opposed to anything nuclear that the pollies wouldn't risk their re-election chances. It would be political suicide, despite the fact that nuclear power is far cleaner than coal powered generation.
Cracks appearing - yes, policy change - no.

I agree I doubt we will see policy change re uranium mining for awhile, ooops wait didn't the Government declare N.T. open for Uranium Mining, thats right under the Constitution they overuled the Teritory governments stance, oooh and they have been having long talks with the Chinese and Indians about exporting the stuff (so long as they sign the treaty)

Your kidding yourself if you can't see the 'sea change' thats happening

 

[BraceFace]

and they have been having long talks with the Chinese and Indians about exporting the stuff (so long as they sign the treaty)

Your kidding yourself if you can't see the 'sea change' thats happening

It doesn't really matter if they decide to export Uranium to Asia - you still have to actually dig a hole in the ground to get the stuff. At the moment that's not permitted. Therefore these companies (like Redport) can keep reporting on the wonderful discoveries they've made, but they still can't mine it, hence share prices fluctuate but essentially continue to go sideways.

When mines go into production, then share prices might go up (or if they get taken over by someone else who can mine it).

A "sea change" implies exactly that - CHANGE. So far nothing has really changed, the issue is just more open for discussion at the moment.

 

[YOUNG_TRADER]

I think you need to read this line from my post again

ooops wait didn't the Government declare N.T. open for Uranium Mining, thats right under the Constitution they overuled the Teritory governments stance

I.E. New Mine Approvals (In the NT only for now) will be handled by the Fed Goverment who are very open to U3O8 Mining hence why it was reffered to as the Fed Gov putting an open for business sign up in the N.T.

That is 'Sea Change', using the Constitution to overrule a State(Well Territory) Governments position on Uranium Mining is A BIG CHANGE!!!!!!

 

[BraceFace]

I think you need to read this line from my post again

ooops wait didn't the Government declare N.T. open for Uranium Mining, thats right under the Constitution they overuled the Teritory governments stance

I.E. New Mine Approvals (In the NT only for now) will be handled by the Fed Goverment who are very open to U3O8 Mining hence why it was reffered to as the Fed Gov putting an open for business sign up in the N.T.

That is 'Sea Change', using the Constitution to overrule a State(Well Territory) Governments position on Uranium Mining is A BIG CHANGE!!!!!!

OK,

So how many new Uranium Mines have opened in the NT recently?
How many are approved and in the pipeline?
How is this beneficial to shareholders of Redport and other companies who have no leases in the territory?
IMO, what you are hearing is rhetoric - nothing has actually changed in the Uranium mining industry(yet).

 

[YOUNG_TRADER]

What was that hair commercial add from a few years ago?

Something like "It won't happen overnight but it will happen"

Mind you I was never discussing the merits of RPT or other Uranium Explorers, simply stating that the Fed Gov has STARTED to take a positive stance on Uranium Mining,

Just because the N.T. is open for business doesn't mean that the mines don't have to meet environmental approvals etc and this will take some time at least 6-12months not to mention the fact that these Companies still hae to come up with suffcient JORC resources to mine (but then we're talking about how much of the stuff is in NT which is not relevant)

But imo for spec Uranium Explorers, the best land to hold is NT then SA then WA the QLD

 

[BraceFace]

What was that hair commercial add from a few years ago?

Something like "It won't happen overnight but it will happen"

Dude, I hope you are right.
Coal and Gas fired power generation is a dying technology that is killing our biosphere.
The greenies choices - solar, wind etc although great in theory, are unrealistic and could only provide a tiny percentage of our nation's power requirements.

Bit of a hot potato that no one wants touch.

 

[petee]

Redport has very little cash,the so called royalty from Langer hienrich uranium mine in Nambia is soo speculative and with such a huge number of shares on issue and hanging over the market the downside back to under 3cents is very real..

 

[el_ninj0]

Dude, I hope you are right.
Coal and Gas fired power generation is a dying technology that is killing our biosphere.
The greenies choices - solar, wind etc although great in theory, are unrealistic and could only provide a tiny percentage of our nation's power requirements.

Bit of a hot potato that no one wants touch.

Coal and Gas is out of the question yes. Solar and Wind however are not unrealistic with todays technological advancements in the manufacturing processes. I would advise you to look at germany if your wanting a glimpse into the future of energy generation. But if your looking for a real alternative to solar and wind, or even tidal power. Then have a look at Geodynamics(GDY) http://www.geodynamics.com.au/ . They are attempting to harness the power of hot granite belts about 3-5km deep. They are leading the world in this field.

 

[BraceFace]

Coal and Gas is out of the question yes. Solar and Wind however are not unrealistic with todays technological advancements in the manufacturing processes. I would advise you to look at germany if your wanting a glimpse into the future of energy generation. But if your looking for a real alternative to solar and wind, or even tidal power. Then have a look at Geodynamics(GDY) http://www.geodynamics.com.au/ . They are attempting to harness the power of hot granite belts about 3-5km deep. They are leading the world in this field.

These options are all well and good, and don't get me wrong - I am all for them if they are viable. But, in 50 years or so when these technologies become more "mainstream" we will all be choking on coal emmisions and wondering why the leaders in early part of the 21st century didn't pursue nuclear energy at the time.
Too little , too late perhaps........?

Even green-tinged forward thinkers like Peter Garrett have suggested a more open public debate on the issue of nuclear power. Problem is - he (and others) come from a political party in this country that appears to have a rudderless boat and may be sailing into the political never-never for quite a while.

 

[laurie]

Found an interesting site hope this may open a few doors for RPT !
http://www.paydirtsuraniumconference.com/

cheers laurie

 

[laurie]

Shares in Redport Limited (RPT) surged 40% in early trading after advising that a drill programme targeting and “Olympic Dam” style copper-uranium-gold mineralisation is due to start at their Herakleion Prospect at their Edward Creek project in South Australia. They said the drilling program, consisting of an 850-meter deep diamond drill hole, will start early April and should take 1 month to complete. Redport advise that review data has suggested uranium mineralisation and historic copper values of up to 37%

cheers laurie

 

[rederob]

I sold my holding half an hour into trading, so missed the top by a whisker.
Might buy back in a few weeks, or add more AEX (preferred).
The heat will be taken off uranium by then and the inevitable correction should alllow a reasonable buy price.

 

[laurie]

The heat will be taken off uranium by then and the inevitable correction should alllow a reasonable buy price.

Well it's a 50:50 bet each way

cheers laurie