SO4 - Salt Lake Potash

[donteatme]

Re: WHE - Wildhorse Energy

Started picking up after this was released:

http://www.wildhorse.com.au/images/stories/WHE110128x.pdf

"Wildhorse Energy (WHE.ASX) – Hugely undervalued energy play.
Buy. PT $1.62, (Price: $0.42; ~Market Cap $97m)."

 

[donteatme]

Re: WHE - Wildhorse Energy

Looks like the retrace is over, topped up today. Should see this beast picking up now.

Heads up to anyone who reads the above report, that the derisked mc of around 1bill is calculated using only the company's uranium assets, ignoring their UCG project. Good times ahead imo

all in my own opinion, research should be done by yourself before deciding to make a purchase. Disc: I hold.

 

[panikhide]

Re: WHE - Wildhorse Energy

Looks like the retrace is over, topped up today. Should see this beast picking up now.

Heads up to anyone who reads the above report, that the derisked mc of around 1bill is calculated using only the company's uranium assets, ignoring their UCG project. Good times ahead imo

all in my own opinion, research should be done by yourself before deciding to make a purchase. Disc: I hold.

I'm not so sure I can see why this retrace is at an end. What are you seeing that I am not?

 

[Clansman]

Re: WHE - Wildhorse Energy

I'm not so sure I can see why this retrace is at an end. What are you seeing that I am not?

the direction of the momentum has changed somewhat.

 

[donteatme]

Re: WHE - Wildhorse Energy

I'm not so sure I can see why this retrace is at an end. What are you seeing that I am not?

Uranium prices have been to blame for this going further. Good article on this stock from Proactive Investors.

http://www.proactiveinvestors.co.uk...ean-gas-story-with-a-uranium-twist-25847.html

 

[Wysiwyg]

Re: WHE - Wildhorse Energy

Pending no relentless dumping on the American markets in the future, Whitehorse appears to me to have the markings of an upturn in price. Listing on London AIM market (2/8/2011) as they said will expose them to investors in that region, a significant coal resource for gasification (non fracking apparently) and a significant uranium deposit of which Hungary's power is 40% reliant on, appeals to me as a viable business proposition.

For further clarification on my disjointed post please do the research and charting.

 

[RandR]

Re: WHE - Wildhorse Energy

Interesting company, was alerted to it by someone who has a long history of picking penny stocks.

It appears to me that they are trying to sell off the JO Uranium deposit, im not really sure how many buyers there would be though considering I think the joint parner is the Hungarian goverment.

There UCG is interesting, they have some Huge coal tenements that were previously considered worthless because of the extreme difficulty in getting to the coal. WHE plan is to simply draw the gas out of these large coal deposits that are otherwise worthless.

The sticking point for me is that the particular method hasnt been done before, and the fact the company WHE has seemingly spent a long time coming up with feasibility studies on the profitability of doing so raises some questions. I tend to think if it was highly profitable it would be a pretty quick process to declare so. My thought is there probably waiting to announce a sale of the Uranium deposit first, see some sort of rise in the SP and then release the plans (and inevitably large capital raisings) to potentially develop the UCG.

The only thing I know for certain, is this company will most definitly have to raise a lot of money to develop the Gas, the current economic and market environment is probably not very conductivee to doing so.

 

[springhill]

Re: WHE - Wildhorse Energy

WHE announcement today. Not a follower of them but this may be of interest to some.

HUNGARIAN GOVERNMENT ISSUES FORMAL DECREE PLEDGING ITS SUPPORT FOR A JOINT VENTURE BETWEEN STATE OWNED ENTITIES AND WILDHORSE TO DEVELOP THE MECSEK HILLS URANIUM PROJECT
http://www.asx.com.au/asxpdf/20120627/pdf/42726zhs02y6qp.pdf

Highlights:
● Government resolution is a major step in the development of this strategically important uranium deposit, which combines WHE’s 42.9 sq km Pécs-Abaliget uranium licence and MO’s adjoining 19.6 sq km MML-E uranium licence.
● Total project JORC Inferred Resource of 48.3Mt at 0.072% U3O8 for 77Mlbs of U3O8 and an Exploration Target1 of an additional 55-90Mlbs of U3O8 with a grade range of 0.075-0.10% U3O8 – one of the largest uranium deposits in Europe
● The government instructs the minister responsible for asset management policy to provide for the participation of Mecsek-Öko, Mecsekérc and MVM (owner of Paks Nuclear Power Plant) within a WHE-established JV Company
● Support for the JV granted due to its potential importance to the national economy, the potential to create employment and its favourable effect on the security of energy supply
● The involvement of MVM demonstrates the continued importance of nuclear in providing energy security in Hungary – Paks currently supplies 40% of Hungary’s power and is developing two new nuclear reactors
● WHE’s immediate focus is to finalise the JV – following its completion, the Board will actively review all options with regards to developing the asset and to maximising the value for all stakeholders

 

[noirua]

Re: WHE - Wildhorse Energy

springhill, WHE is an interesting stock as countries follow France's banning on fracking. I hold shares on the ASX and AIM but have not considered going long due to lack of trading in London - if it is possible to go short or long on LSE:WHE, I haven't tried. I have not seen any speculative or very large punts on AIM (a few stocks jump when big punters arrive $20k to $150k) at all so I remain a bit wary even though there is a little more interest.

A few of my contacts have not really been inspired by the stock but they say it is the bulls who are very nervous with finger hovering over the sell button that may stop the Wildhorse from galloping -- I disagree and feel the stock just needs patience, some do.
May be more interest once the excitement of oil discoveries in offshore Republic of Ireland cools down.

 

[Clansman]

Re: WHE - Wildhorse Energy

Bounced very hard off recent low and sustaining a strong run.
I believe proving the validity of stranded coal as an energy source is part of their repertoire.

 

[springhill]

Re: WHE - Wildhorse Energy

springhill, WHE is an interesting stock as countries follow France's banning on fracking. I hold shares on the ASX and AIM but have not considered going long due to lack of trading in London - if it is possible to go short or long on LSE:WHE, I haven't tried. I have not seen any speculative or very large punts on AIM (a few stocks jump when big punters arrive $20k to $150k) at all so I remain a bit wary even though there is a little more interest.

A few of my contacts have not really been inspired by the stock but they say it is the bulls who are very nervous with finger hovering over the sell button that may stop the Wildhorse from galloping -- I disagree and feel the stock just needs patience, some do.
May be more interest once the excitement of oil discoveries in offshore Republic of Ireland cools down.

How do you feel about UCG in Australia noirua? Are you also watching the development of UCG in China and South America?

40+% of Hungary's power comes from one nuclear power station.
They are a net importer of energy, so diversification wouldn't hurt.

 

[noirua]

Re: WHE - Wildhorse Energy

How do you feel about UCG in Australia noirua? Are you also watching the development of UCG in China and South America?

40+% of Hungary's power comes from one nuclear power station.
They are a net importer of energy, so diversification wouldn't hurt.

Australia is of course quite different to the much smaller European countries in that it has largest populations around the coast. That means that Aussie fracking is all systems go. I think the UK has concentrations under large cities like Liverpool and that is a good reason for outlawing it. French websites are full of American videos showing flames coming out of taps.

As to WHE, things can go wrong and lead to holdups and the need then for cash raising and placings. So UCG is yet to be proven in Hungary so risk remains high.

On China -- UCG 'ho humm', I think they are playing games and progression will be slow using a subsidiary of China's largest quoted company CNOOC (CNOOC are more interested in oil and gas from Far North South Australia in the Arckaringa; a feasibility study is due to be completed in the spring, 2012) I know little about South America and trust is low.

 

[Clansman]

Re: WHE - Wildhorse Energy

The technology Wildhorse plans to develop does not involve fraccing.
The WHE website details, this type of UCG does not require

: large open cut mines or shafts
: coal transportation facilities at surface
: stockpiles
: ash heaps
: large water dams
: Removal of groundwater
: fraccing

 

[springhill]

Re: WHE - Wildhorse Energy

The technology Wildhorse plans to develop does not involve fraccing.
The WHE website details, this type of UCG does not require

: large open cut mines or shafts
: coal transportation facilities at surface
: stockpiles
: ash heaps
: large water dams
: Removal of groundwater
: fraccing

Are they using a CNX type model or some other?
Sorry, in the orchard atm mate so cant look this up.

 

[noirua]

Re: WHE - Wildhorse Energy

The technology Wildhorse plans to develop does not involve fraccing.
The WHE website details, this type of UCG does not require

: large open cut mines or shafts
: coal transportation facilities at surface
: stockpiles
: ash heaps
: large water dams
: Removal of groundwater
: fraccing

I realise WHE are not involved in fraccing at all; I was just trying to advance WHE UCG useage against the reasons fraccing is unacceptable. Also, of course, the problems WHE could have on the financial side because Hungarian Government support does not necessarily mean financial support.
WHE's stock price fell on the ASX and continued on down in London -- maybe I missed something.

 

[Clansman]

Re: WHE - Wildhorse Energy

This stock has been intriguing of late, a watch could have been set to the upturn on fortunes of the ticker.
Sold down to just about historical lows prior to financial year end, it turned north within a day of the last trading day of the financial year end and continued north since, taking a breather in the week gone by.
Volume has been quiet on the down days and the buy side's been stacking up strongly generally.

 

[noirua]

Re: WHE - Wildhorse Energy

This stock has been intriguing of late, a watch could have been set to the upturn on fortunes of the ticker.
Sold down to just about historical lows prior to financial year end, it turned north within a day of the last trading day of the financial year end and continued north since, taking a breather in the week gone by.
Volume has been quiet on the down days and the buy side's been stacking up strongly generally.

At least the video is interesting as to likely future achievements with Syngas in Eastern Europe, worth listening to. As to the value of WHE I'm not quite sure, needs a fair bit of researching : http://www.wildhorse.com.au

 

[springhill]

Re: WHE - Wildhorse Energy

UCG stocks can all the resources in the world available at their disposal. They will go nowhere as long as the environmental issues have been addressed.
Until then, as you can see with the Australian based UCG stocks, they will flatline, making the value of their resouces negigible and impossible to analyse.

 

[System]

On December 2nd, 2015, Wildhorse Energy Limited (WHE) changed its name and ASX code to Salt Lake Potash Limited (SO4).

 

[OmegaTrader]

Anyone else watching this stock ??

been going up for a while now

No idea of the fundamentals

Looking at break
from ~ .55 level/s, maybe a punt.

Excuse poor charts.

Just putting it out there

cheers