SO4 - Salt Lake Potash

[Kauri]

Re: WHE - Wildhorse Energy

m8 - i dont see your posted evidence for these claims

....

Wildhorse Energy Ltd commissioned RCR to compile this report. In consideration, RCR received a cash consultancy fee of less than $15,000.

Important Disclosures:

Argonaut Securities was appointed broker to the initial public offer of WildHorse in July 2006 and received fees commensurate with this service. Argonaut Capital was appointed Corporate Advisor to WildHorse Energy in July 2006 and has and will continue to receive fees commensurate with this service.

Argonaut holds and / or controls 6,757,500 (8.71%) shares in WildHorse Energy

Argonaut Securities may receive brokerage income from clients who buy and sell securities subject to this report;

No assistance has been received from WildHorse Energy in producing this report;

Troy Irvin has an immaterial interest in WildHorse shares.

Grass Roots Explorers.....Quality.......Value............Mkt Cap...Wild Horse Energy.......Ave...........Overpriced.....85m

 

[2020hindsight]

Re: WHE - Wildhorse Energy

..sources given..

thanks Ok maybe you've set a new standard for posting fully justified claims
If so it will be the best thread around, and rare in that regard.

hint:- AS IF there haven't been other cases of "untested evidence" being put up here. And how far back do we go to test the evidence of any post?

But also :-
a) I'm just saying that once we insist on perfection - we all have to upgrade from our glass houses.

b) Lady stays up to early hours of the morning (about 4am) to post on ASF, and gets the most severe judgments I've seen for a while.

c) Personally I'd like to see anti-ramping rules permit posts where someone says - here are some facts / alleged facts / even rumours / on XYZ " DYOR".

d) or that as a project they researched a heap of U companies, and came up with some "top 20". - Best thing here is that you may not have considered these yourselves - again DYOR.

e) If these constitute ramping it's the most subtle ramping I've ever seen.

f) Granted WHE is worth challenging. She gave a heap of facts , (which you didnt mention

g) PLUS the further reading to which you referred. (see below)

h) But I think if you applied the tests being applied to panem, then there would be heaps of posts that wouldn't "make the grade".

i) Here's a hypothetical. Suppose her source is in German? - is that acceptable?

j) End of the day, if she added "DYOR", she'd be ok surely. (imho).

k) PS Did you have any problems with her other points as well ? You make no reference - does this mean accept? Or are all these "facts" back in her court to translate for us lazy antipodeans as well.?

1. WHE is 100% focused on uranium. It has an exploration budget of A$2.7m in 2007.
WHE targets uranium assets close to energy markets in pro-mine development countries.
Advanced exploration projects in the western USA (Bison Basin, Sweetwater) and Hungary (Pécs).
Wyoming projects: 20mlbs U JORC targeted 4Q07.

Bison Basin: (WY) historic ISL production with potential to fast track. JORC and scoping study targeted 2007. Potential production target 2010.

Hungary: early stage review of historic data. Radiometrics and drilling expected 2007.

WHE is acquiring and expanding projects in line with its strategy to take 3 projects through BFS by 2009.

Summary, surely there's a point where broad ranging facts can be posted, suitably qualified. It would obviously take her a month of Sundays to post the work done on 20+ companies.

PS sometimes "whistleblowers" have to wing it - "eg appears to be a run for XYZ / against XYZ" , again - DYOR??
Heck - even the interpretation of TA graphs can be highly subjective ( or dont you agree?) - what then of the perfection we pretend to uphold?

PS Is consultancy fee of "less than $15K" a hanging offence? - I would have thought that was typical. Even the administrators of international food aid programs take those sorts of commissions surely?

Incidentally, you dont quite prove that WHE's report is "disguised as a brokers research/report" - you post only the (honest) disclosure surely.

 

[Kauri]

Re: WHE - Wildhorse Energy

2. The recent Resource Capital Research analysis of the Australien Uranium sector points out, that Wildhorse is with over 12.000 meters of announced drillings in 2007 and a budget of more then 2 milion $ one of the top uranium stocks to pick - if you put in mind that they have some very interesting resources waiting to be JORC'ted in 2007.

..

Notwithstanding the Fact that WHE paid them to produce this report, please show me where this is stated in the report.

About 50. Million lbs of Uranium for 76 Mio. Marketcap makes this share one of the cheapest in the market, as you will realize, that both deposits are ready for mining!

And yet the only one of the sources/reports quoted that addresses the Mkt Cap states quite clearly that it is overpriced.

But also :-
a) I'm just saying that once we insist on perfection - we all have to upgrade from our glass houses.

Perfection... we must have a different perception of that..

a)Marketcap makes this share one of the cheapest in the market...
b)Market Cap= Overpriced

a) Resource Capital Research.. one of the top uranium stocks to pick
b) Not in the report???

 

[2020hindsight]

Re: WHE - Wildhorse Energy

Notwithstanding the Fact that WHE paid them to produce this report, please show me where this is stated in the report.
Perfection... we must have a different perception of that..

lol -
you make a good point - for DMOR for me.
I dont have the report to check.
and never planned to buy WHE in the first place
I dont much like U stocks in general - keep getting fried
I'm probably naive, and
although I might look at one of the 20 mentioned, namely XYZ - I won't say which because that would be ramping
thanks for the discussion.

 

[Kauri]

Re: WHE - Wildhorse Energy

2020.
It's just that the opening post got my goat..

Wildhorse will be a very big winner in 2007 - trust me.

I heard, the Germans love it!

As for the some of the facts quoted in subsequent posts, surely poetic license belongs in the poetry thread.
By the way, this site is a usefull place to get background info on Aus. uranium miners/hopefulls..
http://www.uic.com.au/pmine.htm

 

[Sean K]

Re: WHE - Wildhorse Energy

2020.
It's just that the opening post got my goat..

LOL. I actually deleted the ramp too.......

This has got more air time today than it has since the first post. Perhaps that was the intent.....

Good to see some good information on this stock anyway....it's gone up 50% in the past 3 months so it can't be all bad....Must have a better look at it.

Thanks to you guys for keeping this a sane discussion too. Nothing wrong with differing opinions, or people being reasonably called into question on their picks.

 

[2020hindsight]

Re: WHE - Wildhorse Energy

thanks all, panem, kennas, doctorj...specially kauri... hopefully we've all learnt something - including panem.
As Joe keeps saying "you are now entering ASF, please leave all ramps, intentional or otherwise, in the cloakroom"

all moderators get a 100% payrise !( ?)
- meanwhile I'll go back to mopping the floors - stick to what you're good at as they say.

 

[2020hindsight]

Re: WHE - Wildhorse Energy

PS panem - maybe you were closer to the truth when you posted on "U raging bull" that there might be a downturn in this sector - we'll all know soon enough. que sera sera, ...

incidentally, my granma used to say :-
"schlafen sie wohl, essen sie kohl, drinken sie wein, gedanken sie mein." (something like that anyway).
sleep well, eat cabbage, drink wine, think of me .
not sure that the cabbage was such a good idea - probably influences the way i recall my gran lol.

 

[panem]

Re: WHE - Wildhorse Energy

OK, dear Aussies, you need facts.

PURE, undeniable fact.

Sources of information, that are 101% reliable.

Have you EVER invested in a company at early stage?

Into a grass root?

What about ESO Uranium - one of my favourites?

They have NOTHING! They are worth nothing?

SO:

What is the point at Wildhorse (only one of 15 uranium shares I am holding - and NOT my top favourite)?


GO AND READ THE HISTORICAL DRILL RESULTS!

The was a MINE operating - in Hungary AND Wyoming!

MY GOD!

There are 95% of the explorers that are worth NOTHING! And will be worth NOTHING as they have NOTHING in the ground.


I agree:

That is a no-go for the buying.

What do you want me to buy?

Cameco?

Mega?

Western Pros.?

Got them already!

What dio you want me to announce as good?

Scimitar?
Monaro?
Acclaim?

You are welcome! I did it!

But taking your standard as minimum YOU ARE NOT ALLOWED TO INVEST AT ANY EXPLORER at ALL!

More FACTS:

-----------------------
Hungarian Projects

WildHorse has three projects in the Western Mecsek Mountains of southern Hungary, approximately 170 km south southwest of the capital city Budapest.

WildHorse’s Pécs and Dinnyeberki projects are approximately 3 km and 25 km west, respectively, of the town of Pécs, while WildHorse’s Bátászék project is approximately 60 km northeast of Pecs.

The Mecsek deposit was first discovered in 1954. Production commenced in 1956 and the mining and milling operations at the Mecsek site were shut down at the end of 1997. Cumulative production of uranium from the Mecsek site was approximately 21,000 tonnes (46 millions pounds) of uranium metal. The mine site and surrounding area have been subject to comprehensive rehabilitation in recent years.

The Pécs Project consists of 3400 acres covering extensively explored ground, with uranium mineralisation, adjacent to the historic major uranium producing centre in the Western Meczek Mountain.

The Bátászék Project consists of 3380 acres of explored ground with uranium mineralisation and exploration potential.

The Dinnyeberki Project consists of 2600 acres, previously drilled with experimental in situ leach (ISL) testing carried out.

WildHorse has established programs of work for all three Hungary projects, involving data analysis, surveying, drilling, scoping and pre-feasibility studies, environmental impact assessments and community engagement processes.



Project Location Plan

Click Here for Map

NOTE: All ‘resources’ and ‘reserves’ quoted were defined under the Hungarian Classification System which does not comply with the December 2004 JORC Code Guidelines and as such cannot be relied upon to estimate current mineralisation.

---------------

So there are 20 Mio. lbs in the ground, measured by European standard.

It is not JORC - does that mean that it is bull****?


By the way: To have 20 Mio lbs. in Ground alone qulifies you above 99% of ALL Explorers in the world. Check THAT!


-----------

More facts:

Wildhorse owns two projects in Wyoming:

1. Sweetwater Project
2. Bison Basin Project

Both projects are located in the Red Desert Region of Wyoming. The mineralisation in the area is contained in roll-front deposits and the host rock is permeable sandstone.

The Sweetwater Project encompasses 9300 acres of land containing historic uranium mineralisation trends. These trends run alongside the Sweetwater Uranium Mine and Mill complex, owned by Rio Tinto Energy America.

The Bison Basin Project consists of 7800 acres of land, which covers a large part of the area that was previously operated Ogle Petroleum’s ISL mine.

Both the Sweetwater and Bison Basin Projects will be evaluated for their potential as in situ leach (ISL) operations. This mining technology is used widely in the uranium industry. It minimises ground disturbances and allows rehabilitation of mined areas in relatively short periods of time.

WildHorse will undertake data analysis and drilling at both its Sweetwater and Bison Basin Projects to seek to define JORC compliant mineralisation, and where defined, will undertake scoping and/or pre-feasibility studies including further drilling resource modelling, metallurgical testing and associated hydrogeological and environmental studies.



Project Location & Geological Setting

Click Here for Map

Note: The Company has obtained draft in principle advice from ASX regarding the use of historical estimates of “resources” and “reserves” for the Wyoming tenements or mining claims in the United States in which the Company has an interest which are not compliant with the JORC Code.

Previous estimates of quantum of mineralisation associated with the Wyoming tenements were generated prior to the introduction of the JORC Code guidelines for the reporting of identified mineral resources and ore reserves. Due to a lack of original digital data Peter Christopher & Associates Inc is unable to fully determine the consistency of the estimates with the JORC Code guidelines. On this basis, Applicants should be aware that the estimates therefore cannot be reported as “resources” or “reserves” under the JORC Code guidelines. Whilst Peter Christopher & Associates Inc considers that the estimates of previous mineralisation generated for the Wyoming tenements provide a reasonable reflection of the quantum and grade of mineralisation, there is no guarantee the re-classification will occur in the short term or at all. Please refer to the Independent Geologists Report by Peter Christopher & Associates Inc for further information.


Sweetwater Project

The Sweetwater Project is situated in the Great Divide Basin of south-central Wyoming, 53km from Rawlins and 117 km from Casper. Local roads and tracks provide access to exploration and development.

The project is in the south-central portion of the Great Divide Basin, which is a structural and topographic basin enclosed by a split in the Continental Divide.

In the 1970s and 1980s, this area was explored with over 65,000 holes, identifying uranium mineralisation trends occurring within sediments of the Eocene Battle Springs Formation.

The Sweetwater Uranium Mine and Mill, presently held by Rio Tinto Energy America, was previously operated by Union Oil. Several open pits were mined close to the Sweetwater Uranium Mill. From February 1981 to April 1983, the Mill produced a total of 1,292,000 pounds of U3O8 from a total of 2,340,535 tonnes of ore at a reported recovery rate of 90 per cent.

WildHorse has five separate claim blocks, totalling over 400 claims, covering more than 9300 acres of land in Sweetwater County. This equates to approximately 70 per cent of the ground covering the areas on or close to uranium trends REB, A and B (marked on diagram below). WildHorse intends to further explore its mining claims to discover the extent of the historical mineralisation present.


Bison Basin Project

WildHorse has over 350 claims in three separate blocks, covering more than 7,800 acres. The Bison Basin project area covers part of a roll-front uranium mineralised trend, previously explored with over 2,500 drill holes. WildHorse’s claims cover approximately half of the original project area, which was developed and operated as an ISL mine in the early 1980s. The original project produced approximately 60,000 pounds (30 tonnes) of U3O8.

The original project estimated historical uranium mineralisation at over 10 million pounds of U3O8, with potential for over 20 million pounds of U3O8. Further exploration will be undertaken to establish the extent of the historical mineralisation present within the mining claims held by WildHorse, and whether such mineralisation is JORC compliant.


-----------------------

Sorry, but I don' t get it:

Do I have to pull out the historical measurements and rated resources at those locations?

They are at 40 Mio. lbs together.

You can say: "That is a poor standard - there is nothing!"


You are welcome and help you god.


At WHAT POINT is a share worth buying?

After JORC?

When the price stands at a maximum?


I am out of here - this is rediculous.


You are living on a different kind of planet here at this board.

How many of you are bankers?

Has anyone the licence as a financial advisor?

I have both - so I KNOW that standards.

 

[Wysiwyg]

Re: WHE - Wildhorse Energy

Well panem in bottom....I think the babe in the avatar is mmmmm yummy but you, my skippy friend, do waffle on a bit.

Oh and not to say you are a great salesman and you may hit a winner now and then (won`t that bring the house down) but you ain`t gonna persuade a single person to follow you.If you keep trying you are a fool.

 

[panem]

Re: WHE - Wildhorse Energy

I'll give you something to think about:

http://www.westernprospector.com/s/Home.

They have NO JORC at all!

One of my TOP Favs!

42% of the shares are already in hands of investment companies and banks.

This company is worth about 150 Mio €.

There is NOTHING proven - even Mongolia has not given the permission for a mine yet!

So that is a no go?

I am laughing, indeed...

-----------
"Meine Herren, Sie machen Witze, oder?"

 

[panem]

Re: WHE - Wildhorse Energy

Well panem in bottom....I think the babe in the avatar is mmmmm yummy but you, my skippy friend, do waffle on a bit.

It is me?

Some guys say, I look a little bit like Hermione from Harry Potter now:

http://www.reflections.it/interviste/2004/emma_watson/01.jpg

 

[Wysiwyg]

Re: WHE - Wildhorse Energy

It is me?

Some guys say, I look a little bit like Hermione from Harry Potter now:

http://www.reflections.it/interviste/2004/emma_watson/01.jpg

Oh yeeessss.....come to Australia, marry me, have babies and a enjoy the richness life has to offer with me.

 

[panem]

Re: WHE - Wildhorse Energy

Oh yeeessss.....come to Australia, marry me, have babies and a enjoy the richness life has to offer with me.

Thank you, sweetheart, but I will go to Shanghai this summer to check out some investment news there.

A friend invited me....

Anyway: very kind, Süßer!


One tip for your wealth:

1. Pele Mountain
2. Western Prospector
3. Ditem


Just get yourself some infos, OK?

Kisses...

 

[Sean K]

Re: WHE - Wildhorse Energy

Sorry to interupt this little love affair, but the grades on the ann just out on their Sweetwater Project look pretty good don't they? Most between 500 and 1100 ppm...depths between 70 and 170m - that can be open pit can't it? Not really that think though, so might depend on the type of deposit to determine how economical this is. Obvioulsy it's going to take a little while to get a JORC out of it...

 

[panem]

Re: WHE - Wildhorse Energy

Dear Aussies,

I know that it is not JORC,
so in your eyes it is not more then sandstone,
but we have some news, the rest of the world would interpret
as excellent:

http://www.asx.com.au/asx/research/...panyName=&principalActivity=&industryGroup=NO

So hang on till 2010 when it is JORC!

Would be a buying opportunity then, I guess!

Watch out what the Germans will do with this share the next weeks!


Kisses,

panem

 

[2020hindsight]

Re: WHE - Wildhorse Energy

Thanks for the tip and your posts panem - worth keeping an eye on those wild horses of yours.
Unfortunately the saying "If it's good enough for a Packer, it's good enough for me" doesn't work for all of us
Maybe you can handle the hurdles - good luck.
But you're right today was a nice gain. - you should've told us last week

 

[Halba]

Re: WHE - Wildhorse Energy

This stock is pathetic. For my 2 cents, meterage only <3m and under 1000ppm hits. I wonder why this company is valued at over $100million dollars. There are far better prospects on the australian bourse with 1/4 of the mkt cap and bigger potential in terms of deposit scale and size.

I struggle to understand how you can possibly get jorc out of those meterage hits. Or an economic resource at long term U prices mind you.

This U.dotcom mania sometimes suffers from irrationality. WHE is one of them.

 

[gordon2007]

Re: WHE - Wildhorse Energy

Noboby getting excited about the ann this morning?

 

[panem]

Re: WHE - Wildhorse Energy

Has anybody seen me riding my Wildhorse today?

I was on the track to Hungary!

Kisses,


panem