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Re: bear raids ??? ...... The share price is here for a reason, including what I've mentioned below. To raise funds at these levels would be massively dilutive and would most likely require a share consolidation. The only way out IMO is to find a buyer, or a partner, for Mecsek Hills, and that would have to be someone willing to sit out the low price of uranium. Who is going to throw large amounts of money at a possible loss producing asset ? Securing a u asset for later production and a supply base for Pecs is a different kettle of fish. Let's hope it eventuates.

With the spot price of Uranium at an 8yr low, how could they make money producing the stuff ?

That deal has to be put to a vote, so we don't really even own them yet. Can't remember if the issue price was fixed at the time but if so, I'd say we would be down on our "investment" already.

It will be interesting to see how much cash is left when the quarterly is released next week. I reckon they'll almost be out of funds. What ever happened to the $3mil convertible note issue ? Notes convertible at 80% of the five day vwap .... Lol, that's about 200,000,000 shares at last trade ! I don't know what the options are apart from flogging the u assets, or join developing them with a big brother, but the latter would also require funds.

More importantly ........... Stop loss & never average down.

I was a buyer today but only managed to get a few at the lows.

WHE smashed to .8p on ASX today

Arminians, you certainly show tenacity with this one, as the share price is hitting all-time lows. Hit 1.05p equivalent on the ASX today or 1.9c. Market cap is now A$8mil, valuing the "U" side of the business at $4mil, the same as the UCG sale. Linc down another 5% on top off that. Not sure what the catalyst will be to reverse the trend but can only hope something comes out of left field fairly soon because raising funds at these levels is devastating in terms of dilution.

"Once the Umiat field has a gas drive applied to the field, initial internal calculations suggest oil flows could achieve approximately 2,000 BOPD" http://www.lincenergy.com/php/ic-dlAnnouncement.php?id=590

Impressed they are indeed. Pity the market isn't, sending the share price of Linc down by 5.66%. What were they expecting ???

http://www.oilvoice.com/n/Oil_flows_at_Umiat_Alaska_for_Linc_Energy/644548c78029.aspx

Technical traders stop-loss getting hit IMO. No too concerned and I'm buying.

I reckon the cheap sale of the UCG assets was a trade off. Time will tell !

Gazprom threatens to cut Ukraine gas over debts. http://www.marketwatch.com/story/gazprom-threatens-to-cut-ukraine-gas-over-debts-2014-03-07?dist=countdown

Morning SS and crew, Our market is wanting to go higher, with the buy side quite heavily stacked. Punters are "teasing" on the sell side, trying to induce people to sell, by sitting a few points out of the market but retreating when approached. This is going to spike higher any day now.

Expect games with light volume, trying to drive the share price lower. Don't get sucked in !

Sorry couldn't help you out more than a few % rise today but it was a very thin market and the buyers came in late with decent bids. I'll be very surprised if we don't see 3c early next week. Saying that you guys are almost there. 2p on the cards next week.

Wow, you are excited

"The Ian Middlemas-backed Berkeley Resources (ASX:BKY) was another star, surging to close on its day high of $0.37, from $0.29." Ian is also a director of WHE and was also a director of Mantra Resources, the Uranium company I mentioned the other day that was sold to the Russians for over a billion dollars.

That was of course meant to be 1.45p but the other figure won't be too far away.