URL - Universal Resources
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Mcniel nominees ramped it then sold it.....suckers
Besides being right nearby the AUM discovery, URL also has the Roseby Copper Project which is likely to go into production in 2008. With Xstrata on board, the effect of the AUM discovery can only be icing on the cake. But as always, do your own research before buying. I bought mine at 21c and feel that they have a good future irrespective of what happens to AUM.
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Its holding surprisingly well considering it went up 22% for no good reason besides being next to the AUM discovery, but theres Ernest Henry close by too and it is in the Mt Isa/Clonclurry region and that region has been known for a long time to be a popular mining area but it doesnt mean everyone who puts their feet in the ground will strike an awesome amount of orebody. It seems to have went up for a stupid reason and theres no reason for it not to go down for the same. But its been holding its high price pretty well at 23 cents for the last few days as the previous post has already mentioned.
CHEN
CHEN
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What worries me is that a major shareholder liquidated holding in the last few days.
Oh well, I have made a small punt. Lets see what gives come monday
Oh well, I have made a small punt. Lets see what gives come monday
I wouldn't be too worried about a stockbroking firm reducing its stake (Shaw). Too me, stockbrokers often get it wrong. If the AUM connection doesn't work out, you've got to remember that it already has a significant copper deposit at Roseby. I would only worry if Xstrata reduced their stake in the company. To me the AUM situation is exciting, but if it doesn't work out then there's already a substantial copper deposit (URL) to carry it through. As always, do your own research before buying.
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any idea why the sp jumped up by 17.65% today? the volume was pretty decent as well (~4mils). 
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An encouraging Feasibilty Study report yet the sp plunged. Very intriguing. Any supporters remaining ? What do the experts here think?
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Something strange here. The estimates were honest, just the costs and time frame I guess. Worth looking at but may drop further. Could be someone will just take it over....herbaltech said:
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I think one(or more) of the major shareholders is reducing his stake in the company, I hope it is Copper Co and not Xstrata leaving. We should see a Form 604 announcement in a few days if that is the case.
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The latest announcement on the high grade copper-gold discovery at Cabbage Tree Creek seems encouraging and did provide some support for the sp from the recent fall after the release of the Roseby feasiblity study report.
The thing that I dont get is that why there is a huge delay in the project at Roseby even though it's financially and technically sound. What is going to happen for practically the whole of 2007 then? I mean, what is the point of having a decent resources/reserves when you dont start digging them up quick enough?
Any thoughts of this one?
Happy trading!
The thing that I dont get is that why there is a huge delay in the project at Roseby even though it's financially and technically sound. What is going to happen for practically the whole of 2007 then? I mean, what is the point of having a decent resources/reserves when you dont start digging them up quick enough?
Any thoughts of this one?
Happy trading!
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They have to raise capital, get the mining equipment and set it up on site...all takes time, so 12 to 18 months before copper production is not unreasonable.
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I can understand that it takes time to bring a new mine into production but the Roseby project schedule seems to be a little bit way off from targeted (as anticipated in the BBY broker's report released back in Aug-05).
Am I missing anything here?
Am I missing anything here?
Sean K
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URL might see some action shortly with the Xstrata decision to take a 51% stake in the Roseby project due before 15 Dec.
Chart wise, formed a pretty solid base, but been trending down to now. Looks to be just turning up on the MACD. Might be the early stages of a rise to coincide with the Xstrata option.
The Roseby project looks pretty good. Not far from Cloncurry.
Any other thoughts now?
Chart wise, formed a pretty solid base, but been trending down to now. Looks to be just turning up on the MACD. Might be the early stages of a rise to coincide with the Xstrata option.
The Roseby project looks pretty good. Not far from Cloncurry.
Any other thoughts now?
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Sean K
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Some good results from the Roseby Project out today, but no one is watching.
Bedford North and South are two of the deposits on the tennament not far from the proposed mill so will be easy to feed these into the system relatively easily. Not much in the deposits but more fule to the fire for Xstrata when they inevitably eventually take the project over.
They currently have about 700k tns cu and 160k oz au and start mining next year. It looks like this resource base has significant potential to expand.
Watching sp with interest. Looking for some volume and break up from $0.15 for imminent news.
BBY have a $0.42 valuation on it....but of course, they have done all it's financial advising recently amd did the share placements...LOL
Spitrader, your PM box is full.
Bedford North and South are two of the deposits on the tennament not far from the proposed mill so will be easy to feed these into the system relatively easily. Not much in the deposits but more fule to the fire for Xstrata when they inevitably eventually take the project over.
They currently have about 700k tns cu and 160k oz au and start mining next year. It looks like this resource base has significant potential to expand.
Watching sp with interest. Looking for some volume and break up from $0.15 for imminent news.
BBY have a $0.42 valuation on it....but of course, they have done all it's financial advising recently amd did the share placements...LOL
Spitrader, your PM box is full.
Sean K
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CanOz
Home runs feel good, but base hits pay bills!
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Closed above the 13 ema too, but a scary looking chart hey, even the weekly chart is a whipsaw of a thing. Be good to pick a stock like this before a massive volume day wouldn't it?
Thanks for the heads up Kennas.
Cheers,
Thanks for the heads up Kennas.
Cheers,
Sean K
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All that excitment from July to mid Sep was post Rocklands/CDU fiasco. Just traders jumping on and then off. I'd ignore that completely.CanOz said:
I'm not sure if this is going to be a multi bagger, just very interested in the possibility of Xstrata buy in. This should give it a few %. Not sure how long I'll stay interested if that doesn't give a push. The Roseby Project hasn't got the biggest deposit, but they have plenty of prospective land, and Xstratas drilling it.
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