Member Info for Arbitrage

Many thanks for sharing your excellent research findings via this BB. Very much appreciated & best wishes with your investments both here & elsewhere. Rgds, Arbitrage.

Many thanks for your informative posts/updates. Like yourselves, I concur with your sentiments in respect of the upside potential of WHE in the medium/longer term. However, whilst I welcome the prospect of WHE embarking upon the third 'grand tour of Europe' I am unclear as to how WHE protects/licences it's IP to other Cos/Governments and to that end, I would be most grateful for any clarity which you could kindly afford me. Many thanks in anticipation. Best wishes to all, Arbitrage.

http://www.mineweb.com/mineweb/content/en/mineweb-independent-viewpoint?oid=175742&sn=Detail .............................................................................................................................................................................................................. Best wishes, Arbitrage.

2013 a turning point for uranium - Chang Currently trading around $42/pound, uranium prices are poised for significant moves this year as the in-place demand exceeds visible supply for the foreseeable future. An interview with the Energy Report. Author: Zig Lambo Posted: Friday , 01 Feb 2013 PETALUMA, CA (The Energy Report) - The Energy Report: During your last interview with us in May, spot uranium was around $51 per pound ($51/lb), with some apparent stability at that level. Now spot is ~$42.50/lb. What's the source of the downward pressure? Rob Chang: The excess inventory that was available for sale, most notably from Japan, has been going back into the market, depressing spot prices. Plus, the general market malaise surrounding the commodity contributed as well. But that has notably changed in recent months. TER: Could a major short-term catalyst move uranium prices higher in the near future, or do you expect a gradual increase over time? RC: This is the year the well-publicized U.S.-Russian HEU (highly enriched uranium) agreement, or Megatons to Megawatts program, is due to expire. Those 24 million pounds (Mlb) that were available to the market will effectively disappear. The question remains as to what the Russians will do with the remaining material. Our sources and thinking suggest the Russians are probably going to stockpile this material. It's not very cost-effective for them to downblend it, given the low uranium price environment. On top of that, it's a security-of-supply issue. We're forecasting a supply deficit up to 2025, and believe the Russians see the same thing. So it makes sense for the country to keep it in its inventory, rather than to downblend it now. There are no substitutes for uranium in nuclear plants, so to continue operating, it's really important to have a supply of uranium. This isn't to say the U.S. will be left with nothing. Last year, a state-owned Russian company signed a deal that replaced the HEU agreement utilizing separative work units (SWU) instead of low-enriched uranium. The "Transitional Supply Contract" allows the company to purchase SWU through 2022. SWU is a unit of work required to enrich uranium to a level that can be used by reactors. While the SWU agreement is not an apples-to-apples exchange relative to the expiring HEU agreement, it does allow the U.S. to maintain access to fuel for its reactors, which was the point of the HEU agreement. Japan and its newly elected leadership is another possible catalyst. The country's recent election marked a return of the old leadership that was instrumental in the development of its existing nuclear program. It will likely turn more plants back on than the previous government was willing to. The prime minister has gone on record saying that it didn't make economic sense for the country to keep those plants closed. Sometime in the middle of this year, Japan will probably announce between 10 and 15 reactor restarts, w

Extract from the Sunday Mail of several months ago; 'Investors could do well to consider investing in Uranium Producers, as a vital source of Russian Uranium is due to come offline later in the year, consequential to which (and with 26 new nuclear power plants currently under construction), demand is set to considerably outstrip supply capacity. This fact is also confirmed by "Suki the Dog" over on iii who, kindly shared his research findings with others on that BB; http://www.uncommonwisdomdaily.com/uranium-a-rise-coming-for-the-green-metal-16481 .............................................................................................................................................................................................................. All appears to bode well for the medium/longer term investor in WHE and that doesn't even begin to address the significant potential of our UCG project! Rgds, Arbitrage.

Many thanks for reporting your findings - very much appreciated and sounds like realistic grounds for optimism in respect of significant upward re-rating of the Cos/sp in the near future! Rgds, Arbitrage.

Contrary to what the MMs' (Master Manipulators!) would have you believe, the 150k indicated sell at circa 15:29 today, was infact a buy . . . mine so, I am able to varify it to be so! Good try MMs' but, not good enough! and for what it's worth, WHE has considerable upside potential in respect of both it's UCG and Uranium projects/interests both of which will imo be reflected in an significantly increased sp in the not too distant future. My very best wishes to all WHE investors. Rgds, Arbitrage.

A fantastic set of figures which, indicates real quater-on-quater progress in respect of just one of Vane's diversified portfolio of projects! Massive upside potential here and much more positive news flow to follow as has consistently been alluded to via the Company's historic RNSs'. Best wishes to all VML Investors.

Whilst we all eagerly await the much anticipated and imminent drilling resultsof the Anne-Marie prospect, to be hopefully followed in time by those of the Lagavulin, North Uist/Cardhu and finally for the Corana Ridge/deep-water Atlantic margin, those of the Talisker prospect all of which, will hopefully be complemented and significantly enhanced by the on-going and corresponding drillbit successes which, FPM has and continues to enjoy on their Halton Terrace prospect, along with those of FPM's other Norwegian licence holdings, prior to hopefully moving onto what may yet hold FPM's greatest prize (contingent upon FPM's successful bidding and licence allocation) in respect of the potentially lucrative Greenland acreage. Please take a few moments to reflect upon the following significant information; To the best of my knowledge, derived from significant research and through dialogue which, I have had with a senior employee of FPM's management team, together with representatives of FPM's brokers; Ambrian and Panmure Gordon, along with two highly reputable financial journalists, it is my belief that, (for reasons which I have been unable to quantify) FPM's BOD/Senior Management team have to date chosen to value the strategic/historic oil reserves of FPM at the significantly discounted rate of only $7.80 per/barrel, compared with an industry average of $15 per/barrel used by their 'industry competitors'. Conclusion: Clearly, the significant successes which, FPM has enjoyed and continues to achieve with the drillbit can only enhance the appropriate and exceptionaly high esteem in which FPM's Management Team/BOD are deservedly held both nationally and internationally, together with that of FPM's Market Capitalisation/Value. However, the implications of the above ultra-conservative reserve valuation methodology are, in my opinion, potentially equally detrimental to FPM's many Institutional and Private Investors alike. In addition to which, it is both damaging and cumulative in the context of determining FPM's 'on-going' true market value/capitalisation, (which in my opinion, requires to be maximised in the current climate of FPM having to potentialy defend itself against what may yet prove to be a 'DANA style' hostile and unwelcome take-over bid) and is an important issue which, the BOD/Management Team of FPM continue to overlook or ignore at both their own and their Institutional and Private Investors peril. Good luck to all existing and prospective FPM shareholders. Yours sincerely and without prejudice, Arbitrage.

The following info speaks volumes and is truly imo, the BIG PICTURE being overlooked by all existing and prospective Investors in/of FPM who, should be both mindful of and circulate the following info as widely and as quickly as possible! Investors Chronicle: January 2009 (article by Martin Li) SHARE TIP SUMMARY: FPM share price: Stockbroker Ambrian reckons that Faroe's reserves are only valued at $7.80 a barrel with its shares at their current level. In contrast, the average for quoted European oil companies is $15 a barrel. In addition, if Faroe's reserves increase significantly during 2009, as seems likely, then the broker reckons that, if the increased reserves were valued at the European average per barrel, then Faroe's shares would be worth 248p each. Against the current price, that's some upside. Buy. WITH REFERENCE TO THE ABOVE ARTICLES CONTENT; CLEARLY, FPMs' RESERVES HAVE INDEED SIGNIFICANTLY INCREASED (AND CONTINUE TO DO SO AT A PACE!) SINCE JANUARY 2009, AS A RESULT OF WHICH, FPMs' SP IMO MASSIVELY UNDERVALUES FPMs' TRUE MARKET VALUE/WORTH!!! www.investorschronicle.co.uk/Tips/Buy/TipsOfTheWeek/article/20090109/5947c5ba-cb6b-11dd-a7ab-00144f2af8e8/TIP-OF-THE-YEAR-2009-Faroe-Petroleum-FPM.jsp

Question and major issue of concern for all FPM Shareholders regarding FPM's true and present market valuation: For what reason does/has the board of FPM chosen to value its historic/strategic oil reserves at only $7.80 per barrell, when compared to its industry peers which, on average, value their historic/strategic oil reserves at $15 per barrell? Clearly, given the very significant and impending take-over of DNX (27.5% stakeholder in FPM) by KNOC, and KNOC's as yet unknown intentions regarding, what may well prove to be, the potential fate of its FPM stake (possible subsequent aquisition of the whole of FPM's share capital or, the selling down of its FPM stake via the market) the above, has, very serious implications regarding FPM's true market valuation and/or subsequent take-over valuation. If the above information is correct, then IMHO this should trigger an immediate and thorough revaluation of FPM's assets/Stock Market valuation in order to reflect a true, fair and present market valuation on behalf of its many Private and Institutional Investors/Shareholders. Clearly, the concequences of the above have wide ranging implications, not least of which, is, that, such action, may well contribute further to raising FPM's already recently significantly enhanced share price. Whilst I would welcome the opportunity of receiving any relevant comments in respect of my narrative, I would none the less, strongly urge you all to take the opportunity to direct your responses and or any subsequent questions stemming from the above, directly to the Board of FPM. For information, I take this opportunity of drawing your attention to the following article which, represents one of several sources which, I was able to identify and establish through the course of my research into this topic: Ref:http:/www.investorschronicle.co.uk/Tips/Buy/TipsOfTheWeek/article/20090109/5947c5ba-cb6b-11dd-a7ab-00144f2af8e8/TIP-OF-THE-YEAR-2009-Faroe-Petroleum-FPM.jsp