SRZ - Stellar Resources

[Rafa]

i would like someones informed opinion on the following...
(apologies if this was covered before)...

SRZ or TOE?

I am holding SRZ at present, and whilst the fate of both compaines are somewhat linked via Warrior, who has the most to gain... and does TOE's diversified holdings present a safer proposition?

 

[motion]

I really think SRZ is not getting much support at the moment and the company is not doing much to highlight it self either.... I really think SRZ need to come up with some goods soon...

 

[gregcourageous]

ouccchhhhh... Don't know whats going on here but down 30% in the last month :-( not so happy days. Does anyone know why the lack of interest?

 

[jeppe565]

Phew, what's going on here? Or can it only be described as "lack of interest"?

best regards //j

 

[Rafa]

certainly not pleasant viewing...
long term support at 24cents still remaing, with weaker support at 28cents

tomorrow is going to be an interesting day...
but stellar has certainly performed like a true to form May stock

Ouch!
the good news is May is almost done...

 

[Dawgonnit]

Such low volumes on the recent sell down suggest a lack of interest imo. There are certainly announcements in the pipeline, just seems the pipe is very long! I think it should get back on radar screens soon enough.

 

[motion]

I really thought there would have been more interest on SRZ today when they ann Drilling at Broken Hill had resumed...

Maybe because the market is not in form today

Ann below.

Stellar Resources is pleased to announce that rigs have been secured for furtherdrilling programs at the Goldfinger zinc prospect and on the adjacent PanamaEL6556, located some 20kms south of Broken Hill, NSW.

Initial Rotary Air Blast (RAB) drilling of four gravity features in the Panama
area is scheduled to commence immediately. Further deep diamond drilling at
Goldfinger is expected to start in late July 2007.

The Panama drill program will test geochemical levels across four large
gravity targets which have been identified on the Panama license (EL6556).
The planned program is for 60 shallow RAB holes drilled at 50 metre spacing
to test gravity targets GT1 to GT4. This is the first drill program to test these
gravity targets for Broken Hill type or IOCG style mineralisation.

The Goldfinger diamond drilling program will include an additional 500m
deep hole to test the source of a major “off-hole” interpreted conductor which was identified from the downhole EM survey carried out in the drilling program completed in March 2007.

The interpreted conductor, in the western lobe of the Goldfinger gravity anomaly, lies approximately 80 metres vertically beneath the recently completed diamond hole GFDDH07.

It is also planned to deepen existing drillhole GFDDH02, which was drilled to
test the eastern lobe of the gravity target and which intersected 59m @ 0.25%Zn from 230 metres downhole, including a narrow intercept of 0.7m @ 5.6%Zn. Geochemical analysis of the mineralisation in this hole has shown a highlyelevated alteration index for Broken Hill style mineralisation.

The ‘compelling’ nature of this alteration index reading has encouraged Stellar to deepen GFDDH02, with a view to completing a downhole EM survey to identify any possible economic mineralisation in close proximity to this hole.
An additional hole to test any delineated targets will be considered in the
current program.

 

[motion]

Hi,

Another ANN just out... This is some good news for Share Holders.... Lets see if this gets any focus... =

EM survey confirms uranium prospective palaeochannels – drilling soon on USA JV targets


Stellar is pleased to have received results of UraniumSA's (USA) recently
completed airborne EM survey covering substantial areas of Stellar’s tenement
holding across the Kingoonya palaeochannel. Data mapping has defined large
palaeodrainage systems, as indicated in earlier reconnaissance lines flown by
Stellar. These are prospective for roll-front uranium deposits sourced from
known uraniferous granites in the area.

USA has announced that an air-core drilling program is scheduled to start in
mid-July on the Stellar Kingoonya Palaeochannel JV ground, to investigate the
geology of the palaeodrainages and to determine the broad controls on the
location of uranium mineralisation.

Stellar presently holds a 100% interest in these areas, with its JV partners able to earn up to 70% interest. In addition, Stellar owns a substantial 16 % shareholding in UraniumSA Ltd.

The USA JV area lies east of the Warrior palaeochannel, where recent drilling
by Toro Energy (ASX release 30 April 2007) confirmed the extent and tenor of
U mineralization in the Warrior JV ground. Stellar looks forward to receiving
further results from the drilling completed by Toro on this JV ground, and
initial USA drilling results in the coming quarter.

The drill and exploration results reported herein, insofar as they relate to mineralisation, are based on information compiled by Mr. C.G. Anderson (Fellow of the Australasian Institute of Mining and Metallurgy) who is a Director of the Company with more than twenty years

experience in the field of activity being reported. Mr. Anderson consents to the inclusion in the report of the matters based on his information in the form and context in which it appears. It should be noted that the abovementioned exploration results are preliminary.

 

[Kipp]

Hi,

Another ANN just out... This is some good news for Share Holders.... Lets see if this gets any focus... =

Not such great news for USA today... they got punished after the annct was released. Down 4c to 31.5

 

[Ruprect]

Yes, couldnt work out why USA was punished, although they did have a couple of good days so maybe profit takers moving in.

Good about SRZ, i think as Uranium stocks come back into favour (which is bound to happen given the continued high U price), SRZ will be getting some more attention again, as will TOE.

But seriously though, couldnt they have waited until Monday to release the announcement...i have SRZ as my July competition stock tip!

 

[Woody]

Stellar must be due to report on a number of its non uranium projects. The stock still flies under the radar. I have held for quite a while and have never been tempted to sell. I think it has a great balance of well researched projects and am hoping that one or more will bring home the bacon. They are not a company to ramp their prospects, but it does move fast when there's good news about. Re the uranium, Stellar has a positive interest in two of the most highly prospective areas in South Australia, risk managed. I have no problem with the JV approach. Cheers.

 

[Ken]

I disagree I think the stock is well known, the uranium sector as a whole is taking a breather.

I am very tempted to pick up SRZ shares.

I have done some research on them, and they seem like a very well organised company with good directors.

I think its close to a buy.

 

[Woody]

Ken, I hope so. They didn't really fly when uranium was red hot. I brought them originally for their non - uranium prospects. They have some very interesting traditional plays. If Toe and/or USA deliver as well, then we will be laughing. I think they are close to a buy as well.

 

[Sean K]

The uranium assets are unlikely to drive this in the U environment at the moment, but longer term it looks to have some good potential with Warrior and the USA JV. Speaking of which drilling was sceduled to commence on targets in the Kingoonya palaeochannel identified by USA EM Survey in June. So ann should be shortly, unless rig shortages will delay this.

I am interested in what they are doing with the Tin assets in Tassie and whether a spin off is in the wings.

Assay results from Alpine Copper and Devises are well overdue.

Drilling plan for Pernatty IOCGU must me ann shortly.

They seem to be having trouble sourcing drilling contractors.

Chart wise, sick old puppy, but there's a potential floor around 25 cents.

 

[hypnotic]

The uranium assets are unlikely to drive this in the U environment at the moment, but longer term it looks to have some good potential with Warrior and the USA JV. Speaking of which drilling was sceduled to commence on targets in the Kingoonya palaeochannel identified by USA EM Survey in June. So ann should be shortly, unless rig shortages will delay this.

I am interested in what they are doing with the Tin assets in Tassie and whether a spin off is in the wings.

Assay results from Alpine Copper and Devises are well overdue.

Drilling plan for Pernatty IOCGU must me ann shortly.

They seem to be having trouble sourcing drilling contractors.

Chart wise, sick old puppy, but there's a potential floor around 25 cents.

Looks like your right there Kennas... there was a floor around the 26cents mark and looking to turn around now.

Chartwise it is starting to turn around MACD is heading north again, and might just cross the 0 line soon.

With the encouraging news of its tin play in tassie confirming tin deposit!! The market reacted very positively to this. up 13% today so far..

Hypnotic

 

[Ken]

We know SRZ moves fast.

30 cents still looks relatively good value.

Some big buys again on open...

Are we getting into a bit of rally?

 

[Ken]

Are we due for another spike? I know the chart lacks any real skill. I am just going on a gut feeling, that we may be seeing some good fortune coming SRZ's way due to the announcements coming up... Going on gut instinct here. I have researched the fundamentals. It looks undervalued compared to peers. the management seems tops. Are we at buying levels....

Only concern is the big volume normally producers big gains, where as the 1million plus volume only produced a 4 cent rise... I think history says buying levels below 30 cents and selling levels above 35 cents...

I hold...

 

[moneymajix]

26.5c

ANN. on 27 May

Goldfinger Project – drilling resumes

Stellar Resources is pleased to report that a drill rig has been secured to carry out
the next round of diamond cored drilling on the Goldfinger zinc-lead-silver
prospect, south of Broken Hill, NSW.
Three additional holes are planned for a total of approximately 1,200m. Two
holes are planned on the most western existing drill section, where downhole
electromagnetic surveys run in the most recently completed holes GFDD007 and
GFDD008 indicated significant “off-hole” conductive positions. The third hole
is planned near the eastern end of existing drilling, near hole GFDD002, which
intersected a large zone of elevated lead – zinc geochemical anomalism.
Drilling is expected to commence within the next week and take approximately 6
weeks.
Stellar is earning a 60% equity in the Goldfinger project, and expects to meet the
earn-in expenditure requirement by the completion of this program.

 

[Ken]

hmmm,

I think I have made an error purchasing SRZ in the current market conditions.

Kind of feel like I am trapped at the moment... I have fairly large stake in SRZ.

I thought the Charts were ready to break 30 cents and possibly run to 36 cents...

Instead I find my self at 26.5 cents with not much to sell down to...

I suspect 24 cents will be tomorrow if it breaks below 24 cents SRZ begins to look ugly.....

Would you cut losses or hold?

I can see the pot of gold at the end of the rainbow for SRZ but I am not 100% comfortable holding right now....

I know we are approaching support but its not much really.... I am thinking if we touch 20 cents, I could buy more and round out my holdings to 24 cents....

Tough decisions, I am not going to panic though, I have time on my hands, and if SRZ is to be a real quality company, I have to hold through these tough market conditions such as the down turn we will see tomorrow.

errrr

 

[Gurgler]

Ken

I think we have to weather out the storm blowing in from the US. Nothing much has changed since YT posted info on post #79, I think it was.

Tassie still looks promising then there's the Uranium plays and some more still.

I'm still holding ... patiently.