URL - Universal Resources
- Thread starter amohonour
- Start date
-
- Tags
- universal resources url
- Status
- Joined
- 15 March 2006
- Posts
- 469
- Reactions
- 0
Took-off this afternoon with 5m traded on no news.
From $0.16 to $0.19 in the space of half an hour
Would appear something is afoot!
From $0.16 to $0.19 in the space of half an hour
Would appear something is afoot!
- Joined
- 22 December 2005
- Posts
- 338
- Reactions
- 1
On a bull run at the moment! Going to hit 30 I reckon.
ALFguy
Trading gives me a headache
- Joined
- 20 April 2006
- Posts
- 457
- Reactions
- 0
amohonour said:
Plenty, like AUM?
Any thoughts on why the sudden rise in both volume and interest?
Thinking Cloncurry?
- Joined
- 29 June 2006
- Posts
- 5
- Reactions
- 0
Thank-you cracka. you are a true genious.crackaton said:
- Joined
- 23 May 2006
- Posts
- 10
- Reactions
- 0
ALFguy said:Plenty, like AUM?
Any thoughts on why the sudden rise in both volume and interest?
Thinking Cloncurry?
Frenzy has been due to articles put out and a hive of activity on other stock forums regarding companies surrounding AUM. Found this from another forum..
Neighbours share AUM luck
Barry Fitzgerald
July 5, 2006
AdvertisementAdvertisement
NEAROLOGY has taken hold of junior northern Queensland copper-gold stocks in response to claims by Australian Mining Investments of a big find at its Rocklands project.
Juniors with exploration ground anywhere in the vicinity of Rocklands made big gains yesterday, while Australian Mining (AUM) continued to astound with a $2.32, or 80 per cent, share price gain to $5.25 ”” taking its gain in the past month to 1180 per cent.
Nearby explorers to benefit from having tenements in the vicinity included Universal (up 7.5 ¢, or 41 per cent, to 25.5 ¢), Exco (up 9 ¢, or 34 per cent, to 35 ¢) and CopperCo (up 3 ¢, or 7.8 per cent, to 41.5 ¢).
The frenzied activity in the northern Queensland copper-gold explorers is a response to last week's claim by AUM that its Las Minerale deposit at Rocklands, near Cloncurry, contained an inferred resource of 59 million tonnes grading 2.04 per cent copper equivalent.
By any measure, the inferred resource was impressive, particularly as it was only back in May that the Gold Coast-based AUM ranked Rocklands as only a 5-million-tonne discovery grading 0.77 per cent copper. That it was able to upgrade the inferred resource to 59 million tonnes at a higher grade reflects a bag of impressive high-grade and broad hits. Best recent results included 40 metres grading 5.05 per cent copper from 44 metres in one hole.
But the rapid increase in the inferred resource estimate has caught some by surprise.
After the share price gain yesterday, AUM was valued by the market at $269 million. So far, the Australian Stock Exchange has yet to ask AUM for further detail on its new upgraded inferred resource estimate, despite the share price gain yesterday.
On January 5, the ASX queried AUM on an increase in its share price from 16 ¢ on December 30 to 22 ¢. That was a month after the group had acquired the Rocklands property. The property was previously explored by CRA (now part of Rio Tinto) in the early 1990s.
AUM said last week that so far 106 holes had been drilled at Rocklands. "It has become apparent that the more we drill the more drilling is required to follow up the welcoming results," the group's chairman, Wayne McCrae, said last week.
http://www.theage.com.au/news/business/neighbours-share-aum-luck/2006/07/04/1151778936474.html
- Joined
- 26 June 2006
- Posts
- 168
- Reactions
- 0
If AUM rallies tomorrow, will this helps other junior mine company like URL?
- Joined
- 22 December 2005
- Posts
- 338
- Reactions
- 1
Have been watching this for the majority of the day (yes i don't have a life)..two things I noticed:
- Number of sell orders has reduced (particularly around 24c-25c)
- Number of buy orders has increased
support building now at 21
- Number of sell orders has reduced (particularly around 24c-25c)
- Number of buy orders has increased
support building now at 21
- Joined
- 26 June 2006
- Posts
- 168
- Reactions
- 0
MalteseBull said:
There is still large volume for the price of 21c, i fink once that price is through, the share is very likely to have another rally and may achieve 28c again. What do u fink M?
- Joined
- 22 December 2005
- Posts
- 338
- Reactions
- 1
stockmaster said:
yes, 28c is definitely not out of the picture, when people see this moving up they tend to jump on it on the likeness of another bull run (like at the moment from 19c to 21c is substantial)
Have been told that URL is close to AUM as well (think it is mentioned above too) so that may be another reason to hold it considering AUM's price leap
- Joined
- 26 June 2006
- Posts
- 168
- Reactions
- 0
It has been a heavy trading day including a single trade over 1M, there seem to be a very interesting day for tomorrow.
- Joined
- 26 June 2006
- Posts
- 168
- Reactions
- 0
greggy said:
I agree, it seems to be another boom earlier on tomorrow, market also seems to be positive, but man not as lucky as u, miss the last bargain
With other share booms companies also operating in the area also tend to have major runs. Thats part of the reason I bought URL, besides the fact that Xstrata is one of its major shareholders and has quality assets.
Should be an intersting day tomorrow with AUM relisting. URL looks like good value with its quality assets, Xstrata as a major shareholder and is near AUM. Do your own research before buying.
Should be an intersting day tomorrow with AUM relisting. URL looks like good value with its quality assets, Xstrata as a major shareholder and is near AUM. Do your own research before buying.
- Joined
- 26 June 2006
- Posts
- 168
- Reactions
- 0
greggy said:
Wat is ur expectation for tomorrow? up to 30c or over? Another AUM?
- Joined
- 26 June 2006
- Posts
- 168
- Reactions
- 0
There seems to be strong expectation from AUM, hence i believe this will also reflect on URL. I believe the share prob is going to start at 23 cents and if the market is strong tommorrow, and if it surplus 28c barrier, then anything may happen. 40c?50?60? Any other suggestions? Keep Watching!
- Joined
- 31 May 2006
- Posts
- 1,941
- Reactions
- 2
stockmaster this tendency of yours to come into threads and randomly speculate on prices doesn't particularly make for interesting reading.
I think it will probably start at 23 cents go down to 22 cents then plummet to 5 cents before soaring back up to $1.53 then come down to 48 cents before drifting lower to 38.2 cents then it will stay level at exactly 38.2 cents for 1 hour, 28 minutes and 6.4 seconds after which it will oscillate between 31 and 32 cents before spiking up to $4.00 then leaping to $5,000 per share before eventually plumetting back down to close at exactly 23.5 cents.
There are you happy now
(and in case there's anyone stupid enough to think the above scenario has any relevance to reality - IT DOESN'T ).
I think it will probably start at 23 cents go down to 22 cents then plummet to 5 cents before soaring back up to $1.53 then come down to 48 cents before drifting lower to 38.2 cents then it will stay level at exactly 38.2 cents for 1 hour, 28 minutes and 6.4 seconds after which it will oscillate between 31 and 32 cents before spiking up to $4.00 then leaping to $5,000 per share before eventually plumetting back down to close at exactly 23.5 cents.
There are you happy now
(and in case there's anyone stupid enough to think the above scenario has any relevance to reality - IT DOESN'T
).- Joined
- 22 December 2005
- Posts
- 338
- Reactions
- 1
.235 gone
could we see a rally towards end of day ??
could we see a rally towards end of day ??
- Status
Similar threads
