What if the drill results are deeper thicknesses and say up to 6000ppm grades. Just looking at the flipside.
WMT - Western Metals
- Thread starter crackaton
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Quite simple really. The market is factoring in a future announcement on an acquisition once the cap raising is finalised. Read between the lines as to why they are raising $25m. Clearly stated in their letter with sspp and rumours are rife on the LSE AIM that URA is being considered as a takeover target.
Yes I would be happy with consolidation at 45c. Getting a tad too parabolic.
You'll probably find they are waiting to see how over subscribed they are. If so, they will pro rater the shares out then you may find they take the approprate amount off your creidt card. I put my chq in the post today. I don't expect to get the full amount I applied for.
I don't see how an acquisition would make any difference. URA.AIM was only being valued at $25m, so how can it add more than this?
re: kromey: 6000ppm widths, thats all pure speculation! You are saying its got 0.6% uranium? I doubt it! I reckon they will hit uranium but 1-10m widths 500-1500ppm.
I wouldn't be coz if the drills are good I would be in properly, but at this stage lots of companies demanding my attention that are undervalued with REAL deposits (ERN,BMN,MTN) for example, much cheaper than WMT.
EDIT: good drills by WMT, will rerate it however, as the whole prospectivity of the project will be rerated to the 300-400m mkt cap bracket.
EDIT: good drills by WMT, will rerate it however, as the whole prospectivity of the project will be rerated to the 300-400m mkt cap bracket.
Unfortunately, you need to be on the books by 30th March
From the website:
"This schedule means that, taking into account T+3, members of the public will need to
purchase shares prior to close of trading on 30 March 2007 to be on the company’s share
register in time to participate in the SSPP."
Sean K
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I'm trying to work out why WMT are commanding such a market cap. I initially bought on the potential break and then more on the break with a 38 ish cent target from the break. Seeing the strength in this I've held on, but now obviouly wondering why the intense interest. Is it just U fever?
WMT summary:
509m @ $0.42 = $214m
Cash $4m
SPP for $25m
Management all 20-30 years in resources including; BHP, WMC, RIO, View, Arafura, Barrick, Resolute. Extended team has very good Uranium experience in Africa and Sth America.
Projects:
USA - Colorado, Glade U
JV Linx1 – WML owns 54% and project managers
Glade is under shallow cover along strike from uranium bearing channels in the Four Corner area, where there have been historical uranium production.
Exploration program begins in May
5000m program in Q3-4
Peru – Lukkacha Cu-Mo-Au
JV Partner Rustica Claudia 5 WML ownes 51% and 100% on payment of $2.5m to JV within 4 years.
3000 ha highly prospective land surrounded by RIO, NCM, NEM, and Anglo American
Tanzania – Mtonya U, Ruhuhu U, Makataporo U
Relatively low risk country
13,000km² land total
Farm in and JV’s with URA earning between 40 – 60%
WML (WMT) manager on all tenements
Mtonya – Henri - Rollfront deposit, with surface trenching 6.5% U
Australia – QLD, W Georgetown Zn-Pb
BHP conducting ‘Falcon’ airborne geophysics to generate Au and U targets for WML to drill.
BHP has claw back up to 75%
Australia – Tas, Zeehan Sn
JV with GIP NML holds 60% can earn 70% on BFS
Endowment 7.3mtn @ .69% Sn (Palmer 1982 – Aberfoyle)
Upside at depth
Sn up 75%
Where's the upside here?
Thoughts anyone?
WMT summary:
509m @ $0.42 = $214m
Cash $4m
SPP for $25m
Management all 20-30 years in resources including; BHP, WMC, RIO, View, Arafura, Barrick, Resolute. Extended team has very good Uranium experience in Africa and Sth America.
Projects:
USA - Colorado, Glade U
JV Linx1 – WML owns 54% and project managers
Glade is under shallow cover along strike from uranium bearing channels in the Four Corner area, where there have been historical uranium production.
Exploration program begins in May
5000m program in Q3-4
Peru – Lukkacha Cu-Mo-Au
JV Partner Rustica Claudia 5 WML ownes 51% and 100% on payment of $2.5m to JV within 4 years.
3000 ha highly prospective land surrounded by RIO, NCM, NEM, and Anglo American
Tanzania – Mtonya U, Ruhuhu U, Makataporo U
Relatively low risk country
13,000km² land total
Farm in and JV’s with URA earning between 40 – 60%
WML (WMT) manager on all tenements
Mtonya – Henri - Rollfront deposit, with surface trenching 6.5% U
Australia – QLD, W Georgetown Zn-Pb
BHP conducting ‘Falcon’ airborne geophysics to generate Au and U targets for WML to drill.
BHP has claw back up to 75%
Australia – Tas, Zeehan Sn
JV with GIP NML holds 60% can earn 70% on BFS
Endowment 7.3mtn @ .69% Sn (Palmer 1982 – Aberfoyle)
Upside at depth
Sn up 75%
Where's the upside here?
Thoughts anyone?
money follows management Kennas. In this case with uranium mania, even more important to find a small cap with above average management credentials, good resources and a good newsflow.
WMT fit the bill for investors around the world.
If you believe in a nuclear renaissance over the coming decade - you get in now - it's that simple.
The market never argues or lies when it comes to supply & demand fundamentals.
WMT fit the bill for investors around the world.
If you believe in a nuclear renaissance over the coming decade - you get in now - it's that simple.
The market never argues or lies when it comes to supply & demand fundamentals.
New uranium picks coming Tuesday! (by Sean Brodrick)
4/14/2007 8:00:00 AM
Sean here with an important heads-up: I'm getting ready to issue my new small-cap uranium recommendations on Tuesday, and the tailwinds in our sails couldn't be stronger.
Just this past week, the price of uranium busted the $100 level and soared to a record $113 per pound!
Holy smokes! In 2003, it was $10! That's a 1,030% move in a little over four years! But if you think $113 per pound is high, just wait. It wouldn't surprise me to see uranium DOUBLE AGAIN in the next 12 months.
That's why, since last year, I've been jumping all over uranium recommendations to my subscribers, and that's why I'm getting ready to jump on them again.
Look. This price surge is the catalyst for a chain reaction of parallel surges in uranium stocks, as one undervalued miner after another blasts off. Plus, I have several new ones that are on the launching pad right now.
I'll get to those in a sec. First, let's look at why uranium supply is so squeezed …
Uranium Miners Seem Trapped
In the Poseidon Adventure
Late last year, utilities and other uranium users were already nervous about the intense and chronic supply/demand squeeze. Then disaster struck when Cameco's Cigar Lake Mine flooded.
Cameco planned to bring Cigar Lake online in 2008, with seven million pounds of uranium in the first year and full-scale production of 18 million pounds annually thereafter. Keep in mind, 18 million pounds is more than a tenth of last year's total global demand of 171 million pounds.
That's like the global oil market losing Saudi Arabia's production! And now, Cameco says its deliveries of uranium from Cigar Lake will be delayed at least until 2010. And many analysts expect it will be longer than that before Cigar Lake comes online.
In 2008, uranium demand was already expected to exceed supply by 25 million pounds. With Cigar Lake seriously delayed, that gap will be 32 million pounds! Put another way ”” the shortfall in uranium is going to soar by 30%!
Ranger Mine
Supply Woes
Even as utilities were left reeling from the loss of Cigar Lake, we got word of serious flooding at the Ranger Mine in Queensland Australia.
This is another major disaster! ERA produces more than one-tenth of the world's uranium. On April 2, after assessing the damage, it said its Ranger mine may produce as much as 35% less uranium in the coming year due to the flooding.
Over four million pounds of uranium production that was supposed to be delivered this year is wiped out. What's more, four million pounds is more than all the new uranium production that is coming online this year!
Bad News Lights a
Fuse on Rocket Stocks
The news is so bad that many utilities that use uranium haven't been able to fully digest it. They're still sitting on their hands. This move to $113 per pound is the first indication that they might be coming out of shock straight into panic mode.
In fact, we're seeing evidence that's already beginning to happen.
On Tuesday, for example, one uranium stock went through the roof, taking it up 94% just since I recommended it in January.
Then on Wednesday, still ANOTHER one of my recommended uranium picks went blasting off, straight through the roof, thanks to a takeover bid from a larger company.
Just Wednesday alone, it was up 12.6%! And, I don't think the bidding is over on this one yet ”” I think it has a long way to go. It's also up 94%, just this year alone!
But the week wasn't over yet! A THIRD uranium pick went ballistic. This stock jumped 27% in just one day!
Despite the huge move, this is no overnight sensation ”” it's been quietly building a portfolio of uranium resources in four countries on three continents.
And now with uranium well past the $100 barrier, investors around the world are realizing this stock is grossly undervalued. It's had a huge move, but I believe even bigger gains are yet to come.
See the pattern? This is happening over and over again!
You know that I cannot guarantee results and that losses are also possible. But if you think these gains are impressive, wait till you see the potential gains on the smaller cap picks that I'll be issuing on Tuesday.
Why I Think My New Picks
Are Going to Be the NEXT
To Blast Off
These are all great returns, and I'm proud to have these stocks in my portfolios. But the big question for investors is, "Which stocks are next to blast off?" I have some ideas …
In my second uranium report, I have a whole new set of recommendations. And due to their smaller size and greater leverage, these picks have the potential to do even better.
Here's a sneak peak …
Uranium Small Cap #1:
Near-Zero Production Costs!
This is probably one of the few companies in the world that can churn out tons of uranium without spending an extra penny to do it.
How is that possible? Simple: They mine another valuable mineral which totally offsets the mining, transportation and milling costs for the uranium ore, giving the company a cost base of zero on its uranium production.
Your price for a nice stake: 16 cents per dollar of uranium reserves.
Uranium Small Cap #2:
Rich Uranium Reserves for 26 Cents on the Dollar!
This uranium company has a very small market cap right now but, in the not-too-distant future, could easily be worth a billion.
What I find especially attractive is the fact that its prime properties were originally staked in the late 1960s and explored in the late 1970s. Then came the Three Mile Island disaster, and all that valuable data went into deep storage.
Result: The company has now inherited a detailed treasure map to some of the richest uranium deposits in the world.
Your cost to buy into those reserves: About 26 cents on the dollar.
Uranium Small Cap #3:
Growing Reserves and Bringing a Mine Online by 2010!
This small uranium wonder should go into commercial production in 2010, and yet investors haven't discovered it yet. That's a pity ”” for them ”” because this company is also growing its reserve base and has a crackerjack team with enough experience and know-how to take its properties from resource to mine.
Uranium Small Cap #4:
Better Global Diversification Than Some Large Cap Miners
When you're buying a small, up-and-coming mining company, you usually don't expect to get the kind of global diversification that's associated mostly with mature, large cap miners.
But this small uranium wonder does even better: It has uranium resources in North America, South America, Asia and Australia. Its reserves aren't proven yet, but should be at least 17 million pounds, probably much more. And you can buy a stake at the effective cost of just pennies on the dollar.
Uranium Small Cap #5:
The Greatest Story Never Told
I had to pinch myself to believe this one when I found it. This company's team has about 280 years of uranium expertise ”” they can handle anything!
And right now they're poring over the company's HUGE database of drilling and survey data compiled in the 1970s and 1980s by the oil companies that were exploring for uranium all over the Western U.S. at the time. The company is constantly drilling to expand its resource base and is working hard to bring its Texas and Wyoming mines to production.
Uranium Small Cap #6:
Europe's Next Big Uranium Mine
After the Berlin Wall fell, this company scooped up old Communist-era uranium resources for pennies on the dollar. Now, it's trading for about a TENTH of what its resource base is worth.
My Next Set of Uranium
Recommendations Are Going
Out This Coming Tuesday,
Just 3 Days from Now!
Here's what I'm going to do: This coming Tuesday, April 17, I'm sending my final six picks to a small group of disciplined, profit-savvy investors, including very specific trading instructions. Exactly what to buy, at what price, how much … and why.
Next, I will send out regular follow-ups on each and every one of the picks for a full year.
Many analysts think they've done their job when they get you INTO an investment, but then they don't stick around to help you get OUT.
That's not my way. My philosophy of investing is that you're in this game to take out hard cash for yourself. And never in my lifetime have I seen a better or clearer opportunity to do just that!
Why The Small-Cap Uranium Stocks
Are Delivering Far BIGGER Gains
The uranium market is growing faster than probably any natural resource market on the planet.
I told you how, just TWO years ago, uranium was trading at $20 per pound. Now, it's over $100 per pound ”” more than FIVE times more. That's what I call jumping by leaps and bounds!
But the larger, stodgier uranium companies can't jump that fast. It takes them time to explore and develop enough new mines. Even if they could move fast, doubling and tripling their existing revenues takes more time.
The small companies are a different breed. They're in the vanguard of this boom. They're the ones in the forefront of exploration and development. They're the companies that the big behemoths are hunting down for potential buy-outs.
But these stocks are so small … so packed with potential … and sometimes so thinly traded, I must limit the distribution of my report to a small group of elite subscribers who have an appetite for big profits.
That's one reason the price is $995, including my report and a year of follow-ups.
If you feel you can't afford it, please don't buy it. But consider this: Even the gains from my WORST uranium pick would have paid for the FULL cost of the package … and just after six months!
4/14/2007 8:00:00 AM
Sean here with an important heads-up: I'm getting ready to issue my new small-cap uranium recommendations on Tuesday, and the tailwinds in our sails couldn't be stronger.
Just this past week, the price of uranium busted the $100 level and soared to a record $113 per pound!
Holy smokes! In 2003, it was $10! That's a 1,030% move in a little over four years! But if you think $113 per pound is high, just wait. It wouldn't surprise me to see uranium DOUBLE AGAIN in the next 12 months.
That's why, since last year, I've been jumping all over uranium recommendations to my subscribers, and that's why I'm getting ready to jump on them again.
Look. This price surge is the catalyst for a chain reaction of parallel surges in uranium stocks, as one undervalued miner after another blasts off. Plus, I have several new ones that are on the launching pad right now.
I'll get to those in a sec. First, let's look at why uranium supply is so squeezed …
Uranium Miners Seem Trapped
In the Poseidon Adventure
Late last year, utilities and other uranium users were already nervous about the intense and chronic supply/demand squeeze. Then disaster struck when Cameco's Cigar Lake Mine flooded.
Cameco planned to bring Cigar Lake online in 2008, with seven million pounds of uranium in the first year and full-scale production of 18 million pounds annually thereafter. Keep in mind, 18 million pounds is more than a tenth of last year's total global demand of 171 million pounds.
That's like the global oil market losing Saudi Arabia's production! And now, Cameco says its deliveries of uranium from Cigar Lake will be delayed at least until 2010. And many analysts expect it will be longer than that before Cigar Lake comes online.
In 2008, uranium demand was already expected to exceed supply by 25 million pounds. With Cigar Lake seriously delayed, that gap will be 32 million pounds! Put another way ”” the shortfall in uranium is going to soar by 30%!
Ranger Mine
Supply Woes
Even as utilities were left reeling from the loss of Cigar Lake, we got word of serious flooding at the Ranger Mine in Queensland Australia.
This is another major disaster! ERA produces more than one-tenth of the world's uranium. On April 2, after assessing the damage, it said its Ranger mine may produce as much as 35% less uranium in the coming year due to the flooding.
Over four million pounds of uranium production that was supposed to be delivered this year is wiped out. What's more, four million pounds is more than all the new uranium production that is coming online this year!
Bad News Lights a
Fuse on Rocket Stocks
The news is so bad that many utilities that use uranium haven't been able to fully digest it. They're still sitting on their hands. This move to $113 per pound is the first indication that they might be coming out of shock straight into panic mode.
In fact, we're seeing evidence that's already beginning to happen.
On Tuesday, for example, one uranium stock went through the roof, taking it up 94% just since I recommended it in January.
Then on Wednesday, still ANOTHER one of my recommended uranium picks went blasting off, straight through the roof, thanks to a takeover bid from a larger company.
Just Wednesday alone, it was up 12.6%! And, I don't think the bidding is over on this one yet ”” I think it has a long way to go. It's also up 94%, just this year alone!
But the week wasn't over yet! A THIRD uranium pick went ballistic. This stock jumped 27% in just one day!
Despite the huge move, this is no overnight sensation ”” it's been quietly building a portfolio of uranium resources in four countries on three continents.
And now with uranium well past the $100 barrier, investors around the world are realizing this stock is grossly undervalued. It's had a huge move, but I believe even bigger gains are yet to come.
See the pattern? This is happening over and over again!
You know that I cannot guarantee results and that losses are also possible. But if you think these gains are impressive, wait till you see the potential gains on the smaller cap picks that I'll be issuing on Tuesday.
Why I Think My New Picks
Are Going to Be the NEXT
To Blast Off
These are all great returns, and I'm proud to have these stocks in my portfolios. But the big question for investors is, "Which stocks are next to blast off?" I have some ideas …
In my second uranium report, I have a whole new set of recommendations. And due to their smaller size and greater leverage, these picks have the potential to do even better.
Here's a sneak peak …
Uranium Small Cap #1:
Near-Zero Production Costs!
This is probably one of the few companies in the world that can churn out tons of uranium without spending an extra penny to do it.
How is that possible? Simple: They mine another valuable mineral which totally offsets the mining, transportation and milling costs for the uranium ore, giving the company a cost base of zero on its uranium production.
Your price for a nice stake: 16 cents per dollar of uranium reserves.
Uranium Small Cap #2:
Rich Uranium Reserves for 26 Cents on the Dollar!
This uranium company has a very small market cap right now but, in the not-too-distant future, could easily be worth a billion.
What I find especially attractive is the fact that its prime properties were originally staked in the late 1960s and explored in the late 1970s. Then came the Three Mile Island disaster, and all that valuable data went into deep storage.
Result: The company has now inherited a detailed treasure map to some of the richest uranium deposits in the world.
Your cost to buy into those reserves: About 26 cents on the dollar.
Uranium Small Cap #3:
Growing Reserves and Bringing a Mine Online by 2010!
This small uranium wonder should go into commercial production in 2010, and yet investors haven't discovered it yet. That's a pity ”” for them ”” because this company is also growing its reserve base and has a crackerjack team with enough experience and know-how to take its properties from resource to mine.
Uranium Small Cap #4:
Better Global Diversification Than Some Large Cap Miners
When you're buying a small, up-and-coming mining company, you usually don't expect to get the kind of global diversification that's associated mostly with mature, large cap miners.
But this small uranium wonder does even better: It has uranium resources in North America, South America, Asia and Australia. Its reserves aren't proven yet, but should be at least 17 million pounds, probably much more. And you can buy a stake at the effective cost of just pennies on the dollar.
Uranium Small Cap #5:
The Greatest Story Never Told
I had to pinch myself to believe this one when I found it. This company's team has about 280 years of uranium expertise ”” they can handle anything!
And right now they're poring over the company's HUGE database of drilling and survey data compiled in the 1970s and 1980s by the oil companies that were exploring for uranium all over the Western U.S. at the time. The company is constantly drilling to expand its resource base and is working hard to bring its Texas and Wyoming mines to production.
Uranium Small Cap #6:
Europe's Next Big Uranium Mine
After the Berlin Wall fell, this company scooped up old Communist-era uranium resources for pennies on the dollar. Now, it's trading for about a TENTH of what its resource base is worth.
My Next Set of Uranium
Recommendations Are Going
Out This Coming Tuesday,
Just 3 Days from Now!
Here's what I'm going to do: This coming Tuesday, April 17, I'm sending my final six picks to a small group of disciplined, profit-savvy investors, including very specific trading instructions. Exactly what to buy, at what price, how much … and why.
Next, I will send out regular follow-ups on each and every one of the picks for a full year.
Many analysts think they've done their job when they get you INTO an investment, but then they don't stick around to help you get OUT.
That's not my way. My philosophy of investing is that you're in this game to take out hard cash for yourself. And never in my lifetime have I seen a better or clearer opportunity to do just that!
Why The Small-Cap Uranium Stocks
Are Delivering Far BIGGER Gains
The uranium market is growing faster than probably any natural resource market on the planet.
I told you how, just TWO years ago, uranium was trading at $20 per pound. Now, it's over $100 per pound ”” more than FIVE times more. That's what I call jumping by leaps and bounds!
But the larger, stodgier uranium companies can't jump that fast. It takes them time to explore and develop enough new mines. Even if they could move fast, doubling and tripling their existing revenues takes more time.
The small companies are a different breed. They're in the vanguard of this boom. They're the ones in the forefront of exploration and development. They're the companies that the big behemoths are hunting down for potential buy-outs.
But these stocks are so small … so packed with potential … and sometimes so thinly traded, I must limit the distribution of my report to a small group of elite subscribers who have an appetite for big profits.
That's one reason the price is $995, including my report and a year of follow-ups.
If you feel you can't afford it, please don't buy it. But consider this: Even the gains from my WORST uranium pick would have paid for the FULL cost of the package … and just after six months!
Sean K
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- 21 April 2006
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kromey, this looks like an add to me. What's the point of the post unless you can name the companies. Your names not Sean Brodrick is it?
3 directors have purchased a total of 17.5 million shares. I think that is a stunning indication of the confidence in the future growth of this company. Always happy to see directors putting their money into the company they are running.
Sean K
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- Joined
- 21 April 2006
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hmmm, I think they were just converting 5 cent options expiring April 2011. Not sure how great that is.
hmmm, I think they were just converting 5 cent options expiring April 2011. Not sure how great that is.
Yes my mistake didnt read it properly. They were converting oppies. Probably getting ready to sell, maybe not so good news lol
Sean K
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I'm out of this for the minute. Looks stretched, unless it comes out with a significant ann - like a purchase, or VG drill results. There may be some consolidation due. Will sit on the sidelines for more direction.
I'm just playing safe here, as I anticipate market correction shortly, and speccies will be hardest hit, as always.
DYOR.
I'm just playing safe here, as I anticipate market correction shortly, and speccies will be hardest hit, as always.
DYOR.
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Sean K
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Yeah you're right. Generally ASX stocks look pretty solid. Our economy is strong. Low jobless rate, low interest rates, etc. However, XAO is moving a long way from the 200d ma again, RSI also toppy. I think the US will be looking for an excuse to correct again as it's hitting new highs, and the housing market is still looking a problem. Any excuse will bring profit takers in as it did in Feb, and this will effect us. I'm not saying crash, but maybe just a few %, but that will mean many more % to the speccies we are dabbling in. This could continue for a while, but runs like these are not sustainable. If I was long term investing atm I wouldn't be worrying too much, however, my portfolio of stocks are all
speccies. I'm just locking in profits when I can at the moment I suppose. Plus, I'm getting married in 3 weeks and I need some money to pay for the reception. I'm getting married in 3 weeks and I need some money to pay for the reception.
CONGRATULATIONS KENNAS...
No more posting from you from then on...
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