Uranium Explorers in Namibia

[canny]

WME have great potential. Their land, being next to PDN's is obviously prime acreage.
Something going on there at the moment too - trading patterns have been 'strange' last few days. Heavy support as well as heavy sells - very weird.
Haven't heard any whispers, so will have to wait for reports!

 

[Matt123]

BMN should do very well this week. They start drilling and the directors are in Namibia right now with a bunch of UK investors. I'm looking at $1 this week, if not more.

 

[canny]

BMN should do very well this week. They start drilling and the directors are in Namibia right now with a bunch of UK investors. I'm looking at $1 this week, if not more.

BMN is certainly a great trading stock. Runs up and down regularly in the 80 - 1.00 range. Thought I'd lost it as a trader when it took off recently - then the pull back!
Always interesting!

 

[chris1983]

BMN is certainly a great trading stock. Runs up and down regularly in the 80 - 1.00 range. Thought I'd lost it as a trader when it took off recently - then the pull back!
Always interesting!

hmm it hasnt hit a dollar yet since the 3 for 1 share split..

I dont believe its a trading stock. Anyone who has traded this would have had to pick perfect buy and sell times because the general pattern of BMN has been up, up and more up. I think you may be thinking about the price of BMN like 4 or so months ago..since that time they have gone to 1.50, had a 3 for 1 share split. which brought them to 50 cents per share and they have risen to 90+

I do agree with WME. I like them. Both WME and UNX. Its hard to have them all though.

 

[Halba]

There has been some rumblings in the WME news of late..some promising soil samples...being assayed currently in Safrica. Not much money to be made in the wider market, unless you are actively short selling. You can only make decent returns in these uranium specs.

 

[chris1983]

WME are looking good. Some activity building today. Could be a possible break out.

 

[Sean K]

WME are looking good. Some activity building today. Could be a possible break out.

WME is looking good again. Critical resistance around $0.17. Support at $0.125. Still not on this, but I might just have to.

 

[chris1983]

Hey Kennes,

Im in the same boat. Im not holding. They look good though. I wonder what the historical drilling results was like. Over 2000 holes drilled during the early 70's to early 80's.Only stopped exploration due to falling uranium prices.

I know Namibia has been good to me but I dont know whether to jump into another namibian uranium exploration company. Maybe its best to sometimes jump into the stocks where all the speculation and market interest is.

 

[Sean K]

Maybe its best to sometimes jump into the stocks where all the speculation and market interest is.

Sometimes these are the things that get dumped the quickest too, when the froth subsides. Better to see the potential, have some conviction, and get in early I reckon. YTs ann of EVE is a good example of seeing the facts and there not being too much froth about. When you compare it to the other speccies it's overlooked. Seems it'll just be time before it's its turn to spurt. Same said for this one.

 

[chris1983]

Sometimes these are the things that get dumped the quickest too, when the froth subsides. Better to see the potential, have some conviction, and get in early I reckon. YTs ann of EVE is a good example of seeing the facts and there not being too much froth about. When you compare it to the other speccies it's overlooked. Seems it'll just be time before it's its turn to spurt. Same said for this one.

hmm yeah. EVE look good aswell. A lot more advanced than WME. WME are going to have to raise cash though. I dont know. Past exploration in the 70's when uranium was at super high prices just triggers something in my head that there has to be something there. Or its very prospective.

30000 metres and 2000 drill holes. No company would keep drilling if they werent getting decent results.

 

[billhill]

Got to remember guys that the price of uranium is only going to go up in the short, medium and long term. So even if wme has low grades they will still probably be quite economical by the time they start mining the stuff.

Paladin was in a similar situation a couple of years ago and look where it is now. WME could be a real winner over the longer term.

Billhill.

 

[Sean K]

Article in FN Arena yesterday with various analysts quoting their target prices for uranium. Prices ranged from $60 to $110 a pound! All due to supply/demand.

 

[imajica]

I've noticed that quite a few people on this thread are on WME

Here is a bullish looking chart.

Interpretations anyone?

 

[jeppe565]

Check out Xemplar (XE.V) on the Tsx.