Uranium stocks
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michael_selway
Coal & Phosphate, thats it!
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ozewolf said:
AEE went crazy today!
thx
MS
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MalteseBull said:yes, not only do I hold them but if you keep tabs of their announcements like substantial buyers you will find that these are very prosperous compared to other small juniours
not only DYL and PDN are close together in Nambia, PDN hold a 3% stake in DYL which i think one day will lead to a takeover
DYOR as they say
I think PDN own (or did till recently) own about 11% of DYL Maybe Joint Ventures down the track on DYL's Namibian tenements is a likely prospect
qqqqq said:
Hi 5Q,
Check this one out...
http://www.mysharetrading.com/taxonomy_menu/8/58/101
Ozewolf
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Ozewolf just had a look at the link above and the stocks listed.I have come up with a shortlist(too bloody long and not enough money)of stocks that have U exposure but have moved relatively little compared to some of the star performers of recent days.Heres the list anyone care to comment ADN,ATN,AXM,CAZ,CTS,DMA,MEP,MGO,MLSMTB,NKL,RSG,RTM,SIM,SRZ.Couldnt get the codes for some stocks as presume they have had name changes/takeovers etc
I actually think that PDN holds 11% of DYLMalteseBull said:yes, not only do I hold them but if you keep tabs of their announcements like substantial buyers you will find that these are very prosperous compared to other small juniours
not only DYL and PDN are close together in Nambia, PDN hold a 3% stake in DYL which i think one day will lead to a takeover
DYOR as they say
MalteseBull said:
I won't buy into any argument on which is the best U company at present, but the term "prosperous" in describing these companies is not quite anywhere near the ball park. Prosperous for traders who have bought low and locked into profits already maybe, but neither PDN or DYL have pulled any yellow out of the ground yet. Sales zero, profits zero.
And to have a company (PDN) market valued at $4.5b without any revenue to date could just about be an ASX record (?). I know a few years ago a start-up company named one-tel was capitalised at nearly $2b with no profit and FA revenue, and well 'nuff said. What I'm getting at is much of the blue-sky is already priced in, it will take years for PDN to justify such a valuation.
Cheers
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samson said:
"neither PDN or DYL have pulled any yellow out of the ground yet"
true but when they do what then?
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any thoughts on UXA compared with DYL?
MalteseBull said:
geez MB, I dunno, that's the beauty of the market, so many variables and so many people who come to different conclusions based on these variables.
Uranium price goes up? price goes down? Competitive issues? Production issues? Further finds? Legislative issues? Economic issues? etc
Cheers
Sean K
Moderator
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Guys I'm trying to do a comparison of the main Australian U stocks to see where the value lies. I posted this on the DYL thread but it's probably better here.
This is what I currently have:
DYL's market cap at about $350m at the moment, sp $0.57, with historical drill results for 39m lbs in Namibia (to be explored and drilled), some very good drill results (many between 500-1000ppm) for a JORC at Napperby, and some 'prelim' results at Western Gawler for follow up.
SMM market cap about $670m, sp $3.35, with 57m lbs JORC at Valhalla in the IUJV and 6 more JORCs to be provdied shortly with some excellent results ann. Possibly another 30-40m lbs perhaps.
MTN market cap about $92m, sp $2.07, with inferred JORC 68m lbs at 300ppm cut off and 45m lbs 500ppm cut off with possible increase.
AGS market cap $500m, sp $2.20, with some grades between 800 and 2100ppm with Quasar JORC on the high grade part to be prov very shortly. Hard to tell how big it will be.
On that basis, perhaps MTN looks a little undervalued to me, pending what else the other companys finally get. Perhaps AGS through Heathgate/Quasar will be the first to mine due to Beverley 4 Mile being only 8km from the currently operating Beverly Mine.
(holding MTN, AGS and SMM)
This is what I currently have:
DYL's market cap at about $350m at the moment, sp $0.57, with historical drill results for 39m lbs in Namibia (to be explored and drilled), some very good drill results (many between 500-1000ppm) for a JORC at Napperby, and some 'prelim' results at Western Gawler for follow up.
SMM market cap about $670m, sp $3.35, with 57m lbs JORC at Valhalla in the IUJV and 6 more JORCs to be provdied shortly with some excellent results ann. Possibly another 30-40m lbs perhaps.
MTN market cap about $92m, sp $2.07, with inferred JORC 68m lbs at 300ppm cut off and 45m lbs 500ppm cut off with possible increase.
AGS market cap $500m, sp $2.20, with some grades between 800 and 2100ppm with Quasar JORC on the high grade part to be prov very shortly. Hard to tell how big it will be.
On that basis, perhaps MTN looks a little undervalued to me, pending what else the other companys finally get. Perhaps AGS through Heathgate/Quasar will be the first to mine due to Beverley 4 Mile being only 8km from the currently operating Beverly Mine.
(holding MTN, AGS and SMM)
rub92me
Don't look back
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Reece, I am probably one of the few that agrees with your observations made in this thread. The reactions you are getting are remarkably similar to what happened to anyone trying to expose the .com bubble for what it was. (You're just jealous because you missed the boat, earnings are not important, it's a paradigm shift, etc. etc.).
Personally happy to ride the occasional U rocket, but remember to jump off after a quick profit...
Personally happy to ride the occasional U rocket, but remember to jump off after a quick profit...
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rub92me said:
And what ship might that be Rub, some are obvious Titanics and others are Catamarans just commencing to trim their hulls. Unlike the dotcom bubble, we never needed a Sausage for sqillions a share but we do need a bit of PDN for a reasonable 7 bucks a share, now I think all would agree a select few U stocks represent real fundamental value.
Sausages Chart from the dot com era is an eye opener, probably similar value to many U stocks that are essentially rehashed dot com companies with the same bug eyed management
. But their certainly are also some real U gems out their, I'm sure Borshoff is happy with the way he spent his 50k mortgage seed money on PDN, probably only needs to pump out half a drum of cake at today's prices.
