SRZ - Stellar Resources

[Ruprect]

Lol, dont hope too much for a correction Ken! What about us poor holders?!

The placement for $2.9 million recently was at 35cents. In my opinion, anything under that is not a bad buy. Id get more at the moment and sit it out, but it would mean cutting back on AAR, MGO or BYR, or something else ive planned to hold longer term. Oh, too many good opportunities, not enough cash!

Uranium with Toro is very promising, they have been rated as a good Uranium explorer, and their are certainly some questionable ones out there. But SRZ have a hell of a lot of other fingers in a lot of pies, and have solid potential even excluding uranium.

I especially liked YT's thoughts on Tin in Tasmania. A spin off would be fantastic. YTC, tin explorer in NSW, listed last week, 25cent issue, opened 63cents, hit a high of $1.50 5 days later. Wow.

 

[YOUNG_TRADER]

Well TOE Toro just did a presentation at the Uranium conference, no mention of Napperby project in N.T. or any other project, just Warrior

In Sth Aust their are 5 advanced plays

AGS with Beverly 4 Mile
CUY with Oban
PNN with Crocker/Mt Victoria
MTN with Mt Gee
TOE/SRZ with Warrior

Yet where as the others carry mkt caps of $100m - $500m, SRZ is only capped at $25m like MTN which for a long time wa only capped at $#6m even though it should have been much much higher the mkt will eventually value SRZ properly

 

[TheAbyss]

Extract from the Toe Darwin presentation re the Toe/ SRZ JV for Warrior

Warrior Project
Verified historical mineralisation :
Obtained a maximum Uranium sample of over 424ppm U3O8
Confirmed boundaries of palaeochannels:
Sediments to 50m overlying granite and containing
carbonaceous units
Granites defined the margins.
To increase the area to be explored for uranium Toto entered
a JV with Stellar Resources Jul 2006 for adjoining Tenements
EL3372 and EL 3369W.
AEM surveys were undertaken [HoistEM by Stellar and Fugro
“Tempest” Airborne Electromagnetics survey by Toro];

 

[bigt]

Hi YT - great fundamental analysis of SRZ, it is very clear that they have interests in a lot of quality projects (in comparison to prospective explorers).

Maybe the lack of interest is down to a seeming lack of outright ownership? (I know this is not the case with all their projects)...though that didn't stop AGS powering.

SRZ will have it's day..the market just needs to have confidence..one good day of volume is all it needs..(hopefully).

 

[Pommiegranite]

Uranium, 30% Free Carried by Toro, S.A.
Pre JORC Compliant Deposit 11.8Mt@0.034o8 = 8.8M lb's u3o8

Can someone please explain to me how 11.8MT *0.034 = 8.8Mlbs?

11,800,000*0.034 = 405,920

405,920*2.2 = 893,024lbs

I'm sure I must be missing something as I can't believe YT to be wrong with his calcs. I'm assuming that I'm reading "0.034o8" incorrectly.

Thanks
PG

 

[Pommiegranite]

...and can anyone offer any kind of explanation as to why this stock as traded in the same 20-50 cent range for 2 years!!!

I just don't get it! Is it a self fulfilling prophecy? i.e the long it fails to breakout, the longer it will take because the money goes elsewhere.

I guess the sooner we get a production timeline the better.

 

[kransky]

Can someone please explain to me how 11.8MT *0.034 = 8.8Mlbs?

11,800,000*0.034 = 405,920

405,920*2.2 = 893,024lbs

It's 0.034%.. so

11,800,000 * 0.034 * 1/100 = 4,012 tonnes

2200 pounds per tonne

4,012 * 2200 = 8,826,400 = 8.8Mlbs

 

[Pommiegranite]

It's 0.034%.. so

11,800,000 * 0.034 * 1/100 = 4,012 tonnes

2200 pounds per tonne

4,012 * 2200 = 8,826,400 = 8.8Mlbs

Thanks Kransky...I can't believed I asked that seeing the profession I'm in!

Late night last night

 

[motion]

srz seems to be on a good run today.... I have not heard of any news yet... anyone got any thoughts on this ?

 

[Sean K]

SRZ looks like the short term consolidation back from 40 resistance has finished. Might be heading back up. Volume not very impressive though.

 

[motion]

thanks kennas nice graph.. I'm yet to get such good skills... but getting there.... ok intereting around the 40c is a good point for the company at the moment....IMO...

 

[Ruprect]

srz seems to be on a good run today.... I have not heard of any news yet... anyone got any thoughts on this ?

Both Toro (TOE) and SRZ are up today, Toro has jumped back to being over $1.20 today, having hit under $1.10 last week.

The updated assays from the Uranium JV might not be far away im guessing.

 

[Pommiegranite]

Both Toro (TOE) and SRZ are up today, Toro has jumped back to being over $1.20 today, having hit under $1.10 last week.

The updated assays from the Uranium JV might not be far away im guessing.

SRZ has been in the same trading range for nigh on 2 years!!!

Not only is the champagne on ice...its in deep freezer.

Needs substantial news to breakout.

 

[nizar]

Well looks like some interest flowing back into the U sector today.
Iv noticed SRZ/TOE up, and also MTN up 5% and BLZ making baby steps...

 

[motion]

Hi,

Looks like the Research report for SRZ by Taylor Collison Limited has come out...I can not get to it at the moment but this will be interesting.....some rerating I hope... =

 

[nizar]

Hi,

Looks like the Research report for SRZ by Taylor Collison Limited has come out...I can not get to it at the moment but this will be interesting.....some rerating I hope... =

No price targets.
Just rated a speculative BUY and some peer comparions given to PNN and TOE, and they conclude it has "Further upside" with market cap of only $23.8m fully diluted.
Lets see how she opens.

 

[motion]

No price targets.
Just rated a speculative BUY and some peer comparions given to PNN and TOE, and they conclude it has "Further upside" with market cap of only $23.8m fully diluted.
Lets see how she opens.

ok interesting.... thanks for the update... I'm just downloading it now...well atleast it some news has been alittle dry for a while. =

 

[Sean K]

Hi,

Looks like the Research report for SRZ by Taylor Collison Limited has come out...I can not get to it at the moment but this will be interesting.....some rerating I hope... =

Here is the front page. The detail is worth reading. The report is on their web site.

Recommendation says that "in comparison of market caps with other SA explorers TOE and PNN this represents an attractive small capped stock with further upside."

 

[Ken]

SRZ is seen as a diversified mining company so its not being rated as a pure uranium play.

I think the tasmanian side of the exploration is just as exciting as the uranium.

I was trying to find an entry at 33.5 but I missed it as not enough big orders were going through at that price.

Bugger.

 

[timelord]

SRZ is seen as a diversified mining company so its not being rated as a pure uranium play.

I think the tasmanian side of the exploration is just as exciting as the uranium.

I was trying to find an entry at 33.5 but I missed it as not enough big orders were going through at that price.

where do people think this stock will head?? Lots of good news.