ENOUGH IS ENOUGH ALREADY! Typically I am happy to see people making wealth, but this has GONE TOO FAR! I have a mental log of all the times I thought about buying burning into my brain like a hot poker...
As expected. Solid background developments with indicators to future milestones.
I have explored URA. Look good for a bounce, but unsure about the management. Very best of luck, but looking for a company with larger assets. Got some people onto it. Cheers
http://www.youtube.com/watch?v=JYECTI2FKNU 4.20 mins onwards. Can someone please recommend some more uranium companies/ funds?
While the share price is NOT reflecting this, WHE is currently situated pretty much centrally within a rapidly changing sector and location. Presence/ locality/ legislation; - Occupy a number of stranded coal streams/ Hungary - 80% reliant on imported energy/ Parliament pass UCG legislation - Occupy Europe's largest Uranium mine/ Hungary - focused on engaging a number of energy strategies of which uranium is one/ Polical/ environmental - Russia committing $14 billion to the area for the development of Nuclear Changing Environment; - Likely that UCG will be increasingly recognised as an sound alternative to fracking in C. Europe with the presence of Linc Energy and supporting legislation in Poland. - Likely that the Asian movement and support of Nuclear energy will cause for a correction in Uranium prices - while larger mines are still operationg, new mines are not economically viable until $60+ per lb is achieved. Projections already suggest a shortage is inevitable by 2017. Supply is still high, however will a fall in production and an increase in demand this will soon meet an inflection point. The above is either fact OR a well reasoned projection. As a holder of WHE I hope/ expect us to be positioning ourselves as; A) Holders of a currently undervalued commodity (Uranium) and leaders of a potentially symbolic change in energy production in Hungary (UCG). and B) Well connected within C. Europe and perceived as 'trailblazers' within government and policy. If the company are effectively able to project the above we 'should' be very wealthy through our early speculation.
I missed the call, apologies. Received a voicemail and was invited into London for a meeting, however, so busy this week it is not possible. Sorry for the letdown.
Some good buying action today and very little movement.
Hello mate. Completely unrelated to LRL, however, the world is far far far from coming out of recession. We are not far 1-5 years away from the largest global crash of fiat currency ever seen. Gold will bottom at $900-$1150 soon, and then we will see a sharp correction. The idea that ANYONE believes things are improving is beyond me. Happy to discuss and share some ideas with you. Very best of luck. I am only on WHE nowadays so you can get me there.
Wow - this has been hit hard by what looks a sensible operational move and a director resignation. As with all miners it will be affected largely by gold price, however, this appeared to be holding up okay until the 2 points above. Struggling to find implied resources. One to watch.
Following now. Can anyone tell me the implied resources?
Adam Bond is in the UK next week and I have a call with him on Monday. Any questions you have regarding UCG please post and I will discuss with him. Key points from speaking with office is that progress is being made in Poland and expansion is very much in their mind.
That is an absolutely incredible point. The old mining communities could be reinvigorated with this technology. Unlike fracking this would be embraced and is considerably greener.
Within Europe UCG could prove to be the answer. I know from living near potential Fracking areas this has not been welcomed. IF UCG can prove to deliver what it projects, and as An investor I hope it does, then Cameron needs to be looking at this.
All medium to longterm investors are well down. I have been as far as 85% down, even with averaging. However, I have held and continue as I hope/ pray and expect a strong recovery. This is by no means a 'banker' but should it come off then we could be part of the next generation of energy providers. Unlike oil/ gas,we know the asset is there and the tech works. All about the money now.
Good to see that we have supported the government take this important step. Only barrier now is funding and I believe we are talking to some solid partners. If we get the above, we can expect to exceed last years highs. Uranium improves and I'd expect last years highs regardless. Had the lows, now keen to see the highs.
Uranium carries an 'in the ground value' of; Pre feasibility - $2.53 upto Producer- $6.87 These figures are from 2011 when uranium was higher, however, serve as a broad brush indicator of what our uranium assists are worth now - in situ. My play here is the UCG, as I see this having ramifications across Central Europe. With the Ukraine agreeing a deal on discounted energy with Russia, this will surely polarise the issue to other energy reliant countries. ..... Looking at other Uranium miners though it is clear to see almost all have been decimated. At least we have a relatively secure play in Europe, rather than Africa/ South America.
Thanks SS Arminius, interesting from your posts that you see the value in WHE being the Uranium asset. I say this as I believe the short term news will be largely around UCG and this will be our initial traction in SP rise - government announcement this quarter and partnership. Short term (12 months) I can only see us benefitting on a buyout for our uranium assets from a Chinese or Russian company looking to acquire uranium cheaply. My average is 3.3 at the moment, I am however holding a very large amount so always paid over the ask. Over the next 12 months I would be surprised if I don't get the opportunity to sell out at last years high of 7p. It all depends on this partnership, when and under what agreement.
Someone/ individuals are accumulating quite a holding here. This level of buying has not been seen since April/ May period last year. I cannot comprehend this beyond a imminent piece of news. Other views welcomed.
With a good rise here, I would expect ASX to mimic as it did in August when we bounced to 4.4p. I really hope this time around the news is on the button.
Unsure of the % of shares in free float. Judging by the speed to movement/ volatility I would suggest a minority, however I am not certain. A long way to go, but nice to see buys coming in. These presumably are not from forum members, which makes this all the more positive. This is my only holding at the moment in Aim so I have a strong bias towards it doing well!