Up on asx - hopefully the tide is changing and we rise a fast as we declined.
Investors should look for platinum and palladium projects in safe jurisdictions as the fundamentals are extremely strong with rising industrial demand for these catalysts and declining supply from South Africa. This supply demand imbalance should impact the price over the long term. Look for location and the major partners. Watch the uranium space which is gaining a lot of attention as the Russia-US “Megatons to Megawatts” Program expires at the end of 2013. Remember the U.S. produces around 4 million of the 55 million pounds consumed annually and has depended on these secondary supplies. Japan is set to turn back on nuclear reactors this summer. China is building new reactors. The uranium price appears to be making a double bottom. Remember the U.S. produces around 4 million of the 55 million pounds consumed annually. It should be noted smart money is entering the sector in addition to Microsoft’s Bill Gates. Warren Buffet’s Berkshire Hathaway took a stake in Chicago Bridge and Iron, which recently took over the Shaw Group, a nuclear services provider. Could Buffett be signaling an opportunity in the undervalued uranium sector? Keep a close eye on the near term uranium producers the United States. Cameco just started additional production at their North Butte ISR mine. Mark my words the Powder River Basin in Wyoming is a strategic area for the future of uranium production in the United States. Obama just announced a major initiative to fight carbon emissions. Countries around the world are also fighting air pollution. The world we live in today is looking to reduce air emissions and the carbon footprint. Uranium and rare earths are critical metals for that goal. Very good article: http://www.resourceinvestor.com/2013/07/01/ground-floor-opportunity-in-the-next-commodity-sup?t=mining-investments&page=3
WHE has the largest Uranium mine in Europe. Its demise has directly affected WHE share price. Hopefully with Japan and China reinvigorating their plans in nuclear energy we will see a sharp correction; http://www.mineweb.com/mineweb/content/en/mineweb-independent-viewpoint?oid=175742&sn=Detail
Had a positive 30 minute call with Matthew this morning. I will be writing up notes this afternoon but wont share these on a public forum. Please feel free to email me at: dr_ba_brooker@yahoo.co.uk I never use this email address, but I will look tonight and send you a copy if you choose to email.
I have a call with Matt organised for tomorrow morning. If you have any questions you would like me to raise please post them here and I will do my utmost to get a response for you tomorrow evening.
I see gold hitting $1000 when it does profitable mines like MML will be excellent. Just need to appreciate why falling production and what the changes in tax mean. Anyone?
Very few people here who post seem to be in, and like me waiting. Have people looked at the fundamentals? If so, couple of questions/ concerns; - Falling revenue by 45% - Reducing gold volume - higher costs - Change in tax pending Can anyone help with the above. Any holders, what are your views on this?
Quarterly update soon so news should be with us. Furious with the BOD though for letting this drift as they have. They better have been speaking some compelling work in the background.
Move up and down for a will reflecting gold hopefully. Once gold hits the bottom this will definitely be added to my portfolio.
Pleased to finally meet someone who shares my views on gold. Not popular but will be proven accurate. I expect like me you are waiting to buy a heap of gold mines once we hit the bottom? Where else are you looking? Thanks for this immer, looks very very interesting on low costs, attractive at this time. Cheers.
I have managed to buy on volume here at various points. £10k could be straight forward tomorrow depending on what the asx does tonight. In reality today's sp is made up of the spread as there is no way the 2 sells = minus 7.69%. Pocket Aces in evade. As this is quiet you are well place to catch it on the turn. I have bout in 2x£12.5 at about 3.5 and 3.8p and very happy with that. Hoping these figures will be bypassed on the open with news and for me to be straight into profit. The buzz will be back soon and we will have primed our portfolios in preparation. Best of luck.
Won a few tournaments just waiting for the right cards and playing them hard! Just hope that we get a hand soon and WHE are experienced enough to play it right. Whatever happens we have a uranium mine worth many many multiples of the current market cap. God favours the brave. Best of luck
While the stock is showing as 7% down there was really no sales to represent this. The MM's looking to create panic or enthusiasm for a discount. Update soon enough and we will be back in action. Just hope that my average is in reach when we get some!
Patience does indeed pay. I bought Thomas Cook last October for about 14p, sold at 17p and it has since been to 140p. Find the ones you like and hold. Yale care sir.
Looks okay at the minute, people will begin to get anxious if no news in the next few weeks as it has bounced from 80's in recent times. If you are happy to sit on a paperless, medium term you will be absolutely fine there. Just expect some volatility. In Aim it is often about holding your nerve and sticking to your convictions. Much like poker, believe in your hand and see it through, but make sure you back the right cards/ companies! I believe xel medium to long term will provide good returns. I hold: LRL, EVO, whe, NUS, and premier food. Would recommend non of these, but I understand them better than most. I will move from these to gold mines in the next 6 months, may keep some LRL, but will determine that on price when gold hits my target price.
Very brave buying into gold now in my opinion. Everyone has a school of though and a reason to invest. I follow Larry Edelson, not popular and by no means an angel, but he understands the gold market. You did very well getting out of POG at the level you did. I know they have huge debt and the ride will not be easy, but I expect gold to get well above their requirements relatively quickly once we reach a bottom. Google - 21 reasons to buy gold mining stocks. A great read. Best wishes
Most investors (myself included) will make investments sound good. Really important that you do your own research and understand the sector and the potential risks associated to each. Some safe and less safe investments out there. Watch out for stocks with poor bank balances as they may dilute their sp, reducing your stock value and volatile stocks. For your ISA you may want to look at: LRL, XEL, RIA, FTE All are volatile, but depending on what your goals are could offer medium to long term investments. I typically avoid hyped stocks as these are used by traders to make a quick buck, typically at investors expense. There is nothing wrong with that but a share can be left decimated. Whe is a good example of this. Flavour of the month, ramped and then dropped. I typically follow and invest once all has calmed and short termed left, at the bottom (ish) and then wait. Alternatively, wait for gold to drop and invest in FTSE companies for the strong rebound. My intention. I will be selling p all stocks and buying ABG, CEY and POG as I see gold exceeding $3000 in the next 5 years. Gold mining stocks will be many many times current value. I also expect gold to hit $1100 before I start buying. Very best of luck. Not advice, just some friendly banter.
WHE Managing Director Matt Swinney said, "WHE continues to make the commercial and operational advancements required to deliver on our strategic objective of becoming a leading supplier of gas feedstock to power stations in Central and Eastern Europe. Our efforts to date, including our working relationship with the Hungarian Government and the positive outcome of our regulatory framework assessment for UCG development, have paved the way for the commercial application of UCG technology in our area of focus. We believe we are now at a watershed in our development and the naissance of UCG focussed power generation. "We believe that UCG is at the tipping point of recognition in the wider energy market; a view which is demonstrably supported by the significant progress made in our strategic partner selection process. We continue to hold discussions with a number of interested parties wishing to secure exposure to UCG which have resulted in the recent signing of the MOU with E.ON Hungária, a subsidiary of one of the world's leading energy companies. This agreement underpins WHE's UCG strategy, technology and team, and highlights the commercial opportunity evident in Europe and the rest of the world for the development of UCG projects. We will continue our discussions with other potential partners with the ultimate aim of leveraging our first mover position as developers of UCG technology in Europe and to found a successful partnership focussed on the roll out of UCG in Hungary and potential new international markets. "In addition, we continue to make important advancements at our Mecsek Hills Uranium Project, with the completion of crucial environmental, water protection, health and safety, resource definition, mining design, public support and regulatory studies relating to the recommencement of uranium mining. The completion of this due diligence process has yielded positive results, underpinning the quality of our uranium asset and the value in developing it towards production." A placing a 5p and the above caused a decline in the SP. Nothing he worries me, especially not investors buying at a discounted 5p.
No problem across mine and my partners ISA's. Try to add all high potential stocks in them if I can. Huds - I don't necessarily think this will fly in the coming months, but it might. Lots of irons in the fire and assest value far far exceeds market cap which I like. One deal with Eon and or Hungary government and it transforms the company outlook. Great BOD guiding us, only AIM impatience is why we are low at the moment. Advanced since our 6.5p days and we are down 50% from that. Returning will be a 100% gain and we should far exceed that on any deal. C.Europe needs to reduce its energy imports if it is to be competitive. Expect WHE to play a central role in Hungary, prove concept in Europe as it has been in Aus and SA and then wider roll out. Long term hold.
This is a longterm hold for me and sits in my ISA. Happy for the value of Uranium to grow and the UGC to be proven. Evo - This is my absolute passion. I know more about this company than many of their own staff. Watch this fly in the next few months. I do not want or expect you to buy. But my reputation on this BB will be consolidated by the work I have done on Evo. Good times ahead. Best of luck.