RPT - Redport Limited

[el_ninj0]

Looks like is going for another run today. Get in quick and might get a good short from it.

Its at 6.8cents close yesterday, should open at around 7.5cents today. Uranium Fever i think.

[Cash cow]

RPT Commence drilling in lake Maitland within the next week. Watch the share price surge on monday or tuesday when they announce the beginning of their drilling program.

[pussycat2005]

Looks like is going for another run today. Get in quick and might get a good short from it.

Its at 6.8cents close yesterday, should open at around 7.5cents today. Uranium Fever i think.
its going nuts could close at ten cents :swear:

[tarnor]

looks like the big u buyer was pulled, doesn't look to flash now... after fsl i'm sure lots of traders seeing quick $$$

[Kauri]

Has been a good little day trade,managed to take 30+% out of it today.Was tempted to hold overnight for the usual 2nd day spike, but am a tad cautious on this one as I think the activity today was brought on by a combination of the well worded ann.. Buys stake in Kintyre uranium project... and also W.A Libs endorse U mining in W.A.
The Kintyre U project was developed by CRA (RIO) 20 years ago and they still hold it, RPT has just aquired some nearby leases which may in part be in the Rudall River national park, and the Libs are still 31/2 years from possibly getting in Government. So I have settled for a slice of bread, will leave the butter for someone else. :D

[pussycat2005]

rpt just smashed a record closing at 12.5 cents today!

[amohonour]

Any thoughts on where to from here? Certainly has held up well even with traders hitting it. It looks if any state is going to move on its uranium policies it seems that WA its a bit further along than others. Govt getting a lot of pressure on the issue. When they can mine RPT will run hard as it wont take much to get the uranium out of the ground at a fairly low cost.

[darian]

Hi All,
Anyone holding rpt at the moment?
this stock has hit my stop loss today, don't know if i should hold it for a price rebound on monday. any thoughts??

Darian

[Meso1973]

if this one does come to fruition, then it will be medium to long term (over the next few yrs); so i got myself a packet of options......they been at 5cent recently, but went as low as 4cents.......tis a nice way to get in and simply leave it.......as the short-term trading opportunites will eventually thin out, cos apart from redrilling Lake Maitland, everything else is practically greenfields and could go either way.....

[amohonour]

drilling results will certainly push this back up imo redport is possibly in one of the best positions out of all the u players with their royalties from paladin they will have dollars coming in and it appears to me that it is only a matter of when with the uranium issues in australia time will tell but when the laws for mining change anybody with rpt will be smiling for a very long time imho

[laurie]

In trading halt!!

cheers laurie

[amohonour]

any thoughts on tomorrows ann? imo it will be good. cheers to all

[laurie]

Maybe selling their Gold tenants! drilling results! someone wants RPT who knows OR they could do a DYL and announce BAD news! :banghead:

cheers laurie

[laurie]

FMD!! a trading halt for 2 days just to say they are raising capital....what a load of crap :swear:

cheers laurie

[amohonour]

wasnt a good outcome

[BraceFace]

So what's the deal here? They're raising capital at 8c a share, but trading above that level. I read today that someone (can't remember who) has put them as a speculative buy.
My question is - do you buy at 8.5-9c in view of broker recommendations or wait until they pull back to 8c and then buy in?
I am thinking of picking up more of this stock but am a little unsure what to do now!!! :confused:

[jian]

it seems this stock is on the way up again, after bottom up,heading 13 cents this time?

[laurie]

Why would RPT sp go anywhere unless the W.A. Goverment give U mining the go ahead!!

cheers laurie

[Porper]

it seems this stock is on the way up again, after bottom up,heading 13 cents this time?

RPT came up on one of my scans, but the spike in price was on next to no volume.Unless there is something brewing the price is in a fairly steep downtrend.If it bounces off short term support at 0.064 again, may be one to watch, but seems a risky trade to me.

Any contributions welcome.

[Ann]

Why would RPT sp go anywhere unless the W.A. Goverment give U mining the go ahead!!

cheers laurie

Hi Laurie,

Most of the analysts look at a stock's potential and build a price to the future growth of a company. I find it a very encouraging sign whenever I see a smaller stock honour the 200dEMA. This appears to have just happened to RPT. Overall, most speccie companies don't react to this EMA.

...and of course, the chart!! :)

[Porper]

Hi Laurie,

Most of the analysts look at a stock's potential and build a price to the future growth of a company. I find it a very encouraging sign whenever I see a smaller stock honour the 200dEMA. This appears to have just happened to RPT. Overall, most speccie companies don't react to this EMA.

...and of course, the chart!! :)

I am not contradicting you Ann, but the tools we use are all subjective.

Using anything other than a 200 day MA wouldn't make the chart look quite so good.I use ADX crossovers as part of my scans and this is why RPT came up.Totally agree most indicators are looking better, but the lack of volume would stop me buying in yet.

[Ann]

I am not contradicting you Ann, but the tools we use are all subjective.

Using anything other than a 200 day MA wouldn't make the chart look quite so good.I use ADX crossovers as part of my scans and this is why RPT came up.Totally agree most indicators are looking better, but the lack of volume would stop me buying in yet.

Hi Porper,

I agree about tools being subjective, in fact I feel charting is an extremely subjective tool in itself. I can take a chart and with a few strategically placed lines and certain indicators, I can make it look as though it is the worst dog stock or the biggest potential bargain in the world!

The reason I choose to view Australian stocks with the 200dEMA is because this is with which the All Ordinaries XAO reacts the best. To me it is the main support line valued by institutions and traders. Volume will only happen after the stock has taken off. At this stage of the stocks life, I would have expected the majority of the funds and institutions would well and truly be in, so no volume spikes are likely.

[Porper]

Hi Porper,

I agree about tools being subjective, in fact I feel charting is an extremely subjective tool in itself. I can take a chart and with a few strategically placed lines and certain indicators, I can make it look as though it is the worst dog stock or the biggest potential bargain in the world!

The reason I choose to view Australian stocks with the 200dEMA is because this is with which the All Ordinaries XAO reacts the best. To me it is the main support line valued by institutions and traders. Volume will only happen after the stock has taken off. At this stage of the stocks life, I would have expected the majority of the funds and institutions would well and truly be in, so no volume spikes are likely.


Thanks for your explanation Ann, I am pretty new to charting so your explanation is appreciated.

I understand that your aim (If you were to buy RPT) is to get in before the rise in volume, and subsequently the rise in price.I am a bit more defensive in that I don't mind losing a part of the trend if I get the confirmation first.Each to their own though.

As you say, a very subjective subject and as you know it isn't the tools that maketh the money,( A quote from Nick Radge's new book) it is managing the trade itself.I think a lot of people on ASF will learn something from your charts.

[Ann]

I understand that your aim (If you were to buy RPT) is to get in before the rise in volume, and subsequently the rise in price.I am a bit more defensive in that I don't mind losing a part of the trend if I get the confirmation first.Each to their own though.

Hi Porper,

Please don't misunderstand me. I am not suggesting a particular entry point. I like to wait for confirmation of trend continuation as you have suggested. Having said that, I don't buy mining stocks so I wouldn't enter at any point!

Best
:) Ann

[laurie]

Maybe Mr Gallop the W.A. Premier is buying RPT shares.... :eek:

cheers laurie

[laurie]

I don't buy mining stocks so I wouldn't enter at any point!

Best
:) Ann

Why is that ann??

cheers laurie

[Ann]

Oh dear Laurie,

Trust you to ask the hard questions......

If I answered, the greeny in me might start ooooozing out! Not a pretty sight. Can get a bit shrill. Didn't you notice my tirade about Uranium on the Uranium thread a few posts from the beginning on {shares.com.au} shhhh, that's naughty to flick people to another forum...still you live at Shares sometimes, don't you sweetheart? As do a lot of the people who post here. They just use different names.

:) Ann

PS Go on Aussiestock Mods, feel free to flick a post of mine sooner or later!!! I promise I will keep posting here,even if you do. There is a prat in the ether who would probably say I am an exhibitionist, not true. I just want to share what I find with as many people as I can. I just don't have the time to regurgitate everything I write elsewhere.

[RichKid]

Oh dear Laurie,

Trust you to ask the hard questions......

If I answered, the greeny in me might start ooooozing out! Not a pretty sight. Can get a bit shrill. Didn't you notice my tirade about Uranium on the Uranium thread a few posts from the beginning on {shares.com.au} shhhh, that's naughty to flick people to another forum...still you live at Shares sometimes, don't you sweetheart? As do a lot of the people who post here. They just use different names.

:) Ann

PS Go on Aussiestock Mods, feel free to flick a post of mine sooner or later!!! I promise I will keep posting here,even if you do. There is a prat in the ether who would probably say I am an exhibitionist, not true. I just want to share what I find with as many people as I can. I just don't have the time to regurgitate everything I write elsewhere.

Ann,
I'm afraid the posting guidelines and code of conduct apply equally to all and we don't encourage people to link to competing forums except in rare instances. Most people accept that as good form so it's best if you cut and paste your comments if they are exactly on point, otherwise a fresh post would be appreciated. Just for the record, ASF has nothing against people reading and posting on other forums- we encourage free speech but we'd like to exist as an independent forum rather than a collection of links to other forums or a patchwork of rehashed quotes or conversations. I trust you will understand as you appear to be an experienced poster.

[laurie]

Oh dear Laurie,

Trust you to ask the hard questions......

If I answered, the greeny in me might start ooooozing out! Not a pretty sight. Can get a bit shrill. [/SIZE]

Had an idea that was the case ;) but I respect you ann for still giving an honest opinion when you do charts for those stocks ;)

cheers laurie

[laurie]

Hmmmm seems my last post was deleted.......would like to know why :swear:

cheers laurie

[Ann]

Because Laurie, I suggested some of the posts were not relevent to the thread and I guess management agreed.

I think your last one just got sucked up in the vacuum cleaner at the same time!!!

Sorry about that but I saw it and you were very sweet and gallant ;)

:) Ann

[laurie]

Fair enough.....on with the show it's another year :2twocents

cheers laurie

[laurie]

Breaking news Geoff Gallop has resign as W.A. premier while the reason is a health matter its a 50:50 bet which way the replacement treats Uranium mining!

cheers laurie

[chansw]

Breaking news Geoff Gallop has resign as W.A. premier while the reason is a health matter its a 50:50 bet which way the replacement treats Uranium mining!

cheers laurie
I think the uranium ban in WA is the ALP policy (I believe that applies to a few other states as well), not just Geoff Gallop himself. Don't get excited yet.

[BraceFace]

Laurie, pigs might fly south for winter before a ban on Uranium mining is lifted in WA.
I doubt there is a single politician from any party over here with gonads large enough to stand up and say "Nuclear energy is the way of the future" - Particularly when WA continues to be a huge producer of other carbon based energy sources. The Libs have reluctantly hinted at it, but talk is cheap.
Unfortunately the minute you mention Uraniun mining, many emotive and essentially non-relevant issues are brought into the agenda and the green movement usually prevails. Think Chernobyl, think nuclear weapons proliferation, think terrorism - on it goes. Yada Yada Yada....
Also, in view of our federal government's non-cooperative stance on the Kyoto Protocol (ie they believe it is our best interests to keep burning fossil fuels instead of ultilizing other non-greenhouse energy sources) - I doubt nuclear energy will seriously be on the feds agenda in the forseeable future.

Now it would be a tad hypocritical to sell uranium overseas in massive quantities when Australia refuses to utilize this energy source wouldn't it?
Not to mention our flat out refusal to accept nuclear waste, despite our extremely ideal geo-physical conditions.

Uranium is, and will continue to be a red herring in this country (at least until one of those well-endowed politicians steps up to the plate!)

:2twocents

[Ann]

Hi BraceFace,

It sounds like you have been reading me on the other forum [which may not be mentioned] I named a few posts back on this thread.

You didn't read far enough back into the thread about accepting Nuclear waste. It's old news now but I will catch you guys up on it here.


NT nuclear waste dump gets thumbs up
Date: 29/11/05



The Northern Territory will be forced to accept a nuclear waste dump after a government-dominated Senate committee recommended it go ahead.

After just one day of public hearings, a Senate committee majority has backed the government's plans to override NT laws preventing a radioactive waste dump there.

The Commonwealth Radioactive Waste Management Bill 2005 and the Commonwealth Radioactive Waste Management (Related Amendments) Bill 2005 give the federal government sweeping powers to override a range of laws, including any passed by the NT government that might frustrate the project.

Despite opposition from Aboriginal land owners, the NT government, environment groups and Labor, the laws look set to pass the Senate before the end of the year.



Balance of article at this link......

http://seven.com.au/news/nationalnews/124966

[laurie]

Despite opposition from Aboriginal land owners, the NT government, environment groups and Labor, the laws look set to pass the Senate before the end of the year.

And if Labor was in power in the same position as the present Goverment it will read


Despite opposition from the Federal Liberal Party,NT Country Liberal Party,Mining Council Of Australia the laws are set to pass the Senate as the nuclear waste dump is outside the Labor "3 Hole Policy"

cheers laurie

[BraceFace]

Hi BraceFace,

It sounds like you have been reading me on the other forum [which may not be mentioned] I named a few posts back on this thread.

You didn't read far enough back into the thread about accepting Nuclear waste. It's old news now but I will catch you guys up on it here.

Don't flatter yourself Ann.

My postings are my own personal opinions/ideas, not regurgitations of anyone else's.
For the record, I havent even visited the other forum you mentioned. Why would I?
Like my signature says, everyone has an opinion. Sometimes people's opinions actually agree.

If you feel that information you have posted elsewhere is applicable on this forum, perhaps you should take the time to post it over here as well. Do us all a favour.

[Ann]

Sorry BraceFace,

From your reaction you must have thought I sounded 'uppy'. It was only last night I was doing my greeny carry on and you appeared to be quoting all my points against Uranium from that particular thread.

I had meant my comment in good nature, thinking you were having a good natured go at my greeny comments related to that thread. Obviously I was terribly mistaken going by your reaction.

I think each Forum has its particular character and strengths. I have actually shared some 'common information' with this forum as in Miners who are mining for Magnesium and Nickel. Both threads appeared to be completely ignored and have since been crushed to death under the weight of other threads.

I am unable to transplant six months of information including a long list of miners as a lot of the market capitalization would be slightly out of date and it is a mind blowing task pulling all that sort of information together.

I have noticed the most successful traders try to make the rounds of the good forums picking up the best information.

I merely thought you could have been one of these informed traders....there you go. Wrong again.

[BraceFace]

Sorry BraceFace,

From your reaction you must have thought I sounded 'uppy'. It was only last night I was doing my greeny carry on and you appeared to be quoting all my points against Uranium from that particular thread.


No worries Ann, apology accepted! :)

I don't really consider myself a "trader" as such (although I do some speculating on the side). I am an interested bystander who takes a longer term view on share investments.I try to focus on this forum as it seems very solid with little ramping. I try to do my own research rather than relying on others opinions.

I am particularly interested in the Uranium issue and I personally believe there are more "pros" then "cons" when comparing it as an energy source versus non-sustainable fossil fuels.

The West Australian newspaper today actually ran an article suggesting that the Uranium mining ban could be lifted now a change of ALP leader is imminent. I just can't see it happening in WA (WA = Wait Awhile).
Even with Dr Gallop off the scene.....

I hope they arent that short-sighted and prove me wrong.

If they do lift the ban, Redport, and Paladin and other Uranium companies will go through the roof. Watch CUY - if the Uranium mining issue spins around again .

In the mean time I think I'll invest my dirty money in dirty coal and dirty oil companies (Ive already made a squid on WPL)

As Yogi says

Happy Days..

[Ann]

Hi BraceFace,

Please don't for a second think I am having a go at anyone who invests in uranium miners or any miner for that matter. I don't buy them but I am interested in the markets and charting. I leave my bias at the front entrance when I enter the market. I spend most of my time cheering the guys on and putting up charts and info. I am completely neutral about these companies when I am discussing stocks.

My comments on the thread I mentioned were purely in reply to one of our regular posters.

Apart from that, Laurie is one of the mainstays on the Uranium thread and I would be loath to offend him.....wouldn't I Laurie? :)

Here is an article I posted on the thread recently. It is about SA but it does mention a time table for the Labor Party and the Uranium question. For your interest....


Uranium mines: the rush is on
Chris Pippos
15jan06

URANIUM exploration is booming in South Australia as the State Government pushes for more mines, saying that not to allow them would be akin to "the Saudi Arabians keeping their oil in the ground".

New figures show 25 Australian and international companies have 86 uranium exploration licences in SA – an increase of about 100 per cent in three years.

And a further 30 licence applications are being considered.

However, uranium opponents say the Government has wasted more than $1 million of taxpayer dollars to fund the boom and help companies drill for uranium.

The uranium industry is now rushing to peg out sites in the state's north and cash in on the threat posed by high oil prices.


SA Mineral Resources Minister Paul Holloway said SA would expand its number of uranium mines some time about 2010 if Labor's three-mine uranium policy was overturned at the party's 2007 national conference.

"We can't avoid it – it would be like the Saudi Arabians keeping their oil in the ground," Mr Holloway said.

"I think it's inevitable the policy on uranium will be changed.



Balance of article....

http://www.theadvertiser.news.com.au/common/story_page/0,5936,17823785%255E2682,00.html

[Ann]

Talking about charting, it is probably time to post a chart....

[laurie]

Uranium up again

January 16, 2006*
US$37.00/lb
(+0.50) :D :D

cheers laurie

[BraceFace]

I doubt there is a single politician from any party over here with gonads large enough to stand up and say "Nuclear energy is the way of the future"



Well it seems even Big Bomber Kim Beazley doesn't have the gonads either.
Nuclear Energy (and therefore by default uranium mining) is off federal Labor's agenda for now - based on Kim's comments yesterda.

I think I'm going to buy shares in coal. :screwy:

[Market Cap]

Uranium up - Ux U308 price: 38.25
Change from
previous week +0.75
I am very new at technical analysis. Could someone comment on the RPT's SP chart,please? Thanks in advance.

[Ann]

Hi Everyone,

Here is a February recommendation report for RPT...

http://www.redport.com.au/IRM/Company/ShowPage.aspx?CPID=1034&PageName=Intersuisse%20Report%20-%20Redport%20Buy

[BraceFace]

" Its resource valuation is Currently the Lake Maitland resource is the ninth largest in Australia outside of producing operations. The likelihood that the Lake Maitland project will receive mining approval from the Western Australian government is a matter of conjecture. However, with changing public sentiment towards nuclear power generation cracks are starting to appear in what was previously staunch opposition."

This is quoted directly from the report Ann listed in her post.

Sure, the nuclear power debate has been stimulated in recent months but as I have stated previously, I seriously doubt we are going to see any government, federal or state, change its POLICY on uranium mining for a while. They might throw the idea out there, but there are too many people who are opposed to anything nuclear that the pollies wouldn't risk their re-election chances. It would be political suicide, despite the fact that nuclear power is far cleaner than coal powered generation.
Cracks appearing - yes, policy change - no.

There is no doubt that this is Speculative stock, but a buy I'm not so sure - but be prepared for a rollercoaster ride if you do!

[YOUNG_TRADER]

Sure, the nuclear power debate has been stimulated in recent months but as I have stated previously, I seriously doubt we are going to see any government, federal or state, change its POLICY on uranium mining for a while. They might throw the idea out there, but there are too many people who are opposed to anything nuclear that the pollies wouldn't risk their re-election chances. It would be political suicide, despite the fact that nuclear power is far cleaner than coal powered generation.
Cracks appearing - yes, policy change - no.

I agree I doubt we will see policy change re uranium mining for awhile, ooops wait didn't the Government declare N.T. open for Uranium Mining, thats right under the Constitution they overuled the Teritory governments stance, oooh and they have been having long talks with the Chinese and Indians about exporting the stuff (so long as they sign the treaty)

Your kidding yourself if you can't see the 'sea change' thats happening

[BraceFace]

and they have been having long talks with the Chinese and Indians about exporting the stuff (so long as they sign the treaty)

Your kidding yourself if you can't see the 'sea change' thats happening

It doesn't really matter if they decide to export Uranium to Asia - you still have to actually dig a hole in the ground to get the stuff. At the moment that's not permitted. Therefore these companies (like Redport) can keep reporting on the wonderful discoveries they've made, but they still can't mine it, hence share prices fluctuate but essentially continue to go sideways.

When mines go into production, then share prices might go up (or if they get taken over by someone else who can mine it).

A "sea change" implies exactly that - CHANGE. So far nothing has really changed, the issue is just more open for discussion at the moment.

[YOUNG_TRADER]

I think you need to read this line from my post again


ooops wait didn't the Government declare N.T. open for Uranium Mining, thats right under the Constitution they overuled the Teritory governments stance

I.E. New Mine Approvals (In the NT only for now) will be handled by the Fed Goverment who are very open to U3O8 Mining hence why it was reffered to as the Fed Gov putting an open for business sign up in the N.T.

That is 'Sea Change', using the Constitution to overrule a State(Well Territory) Governments position on Uranium Mining is A BIG CHANGE!!!!!!

[BraceFace]

I think you need to read this line from my post again


ooops wait didn't the Government declare N.T. open for Uranium Mining, thats right under the Constitution they overuled the Teritory governments stance

I.E. New Mine Approvals (In the NT only for now) will be handled by the Fed Goverment who are very open to U3O8 Mining hence why it was reffered to as the Fed Gov putting an open for business sign up in the N.T.

That is 'Sea Change', using the Constitution to overrule a State(Well Territory) Governments position on Uranium Mining is A BIG CHANGE!!!!!!

OK,

So how many new Uranium Mines have opened in the NT recently?
How many are approved and in the pipeline?
How is this beneficial to shareholders of Redport and other companies who have no leases in the territory?
IMO, what you are hearing is rhetoric - nothing has actually changed in the Uranium mining industry(yet).

[YOUNG_TRADER]

What was that hair commercial add from a few years ago?

Something like "It won't happen overnight but it will happen"

Mind you I was never discussing the merits of RPT or other Uranium Explorers, simply stating that the Fed Gov has STARTED to take a positive stance on Uranium Mining,

Just because the N.T. is open for business doesn't mean that the mines don't have to meet environmental approvals etc and this will take some time at least 6-12months not to mention the fact that these Companies still hae to come up with suffcient JORC resources to mine (but then we're talking about how much of the stuff is in NT which is not relevant)

But imo for spec Uranium Explorers, the best land to hold is NT then SA then WA the QLD

[BraceFace]

What was that hair commercial add from a few years ago?

Something like "It won't happen overnight but it will happen"


Dude, I hope you are right.
Coal and Gas fired power generation is a dying technology that is killing our biosphere.
The greenies choices - solar, wind etc although great in theory, are unrealistic and could only provide a tiny percentage of our nation's power requirements.

Bit of a hot potato that no one wants touch.

[petee]

Redport has very little cash,the so called royalty from Langer hienrich uranium mine in Nambia is soo speculative and with such a huge number of shares on issue and hanging over the market the downside back to under 3cents is very real..

[el_ninj0]

Dude, I hope you are right.
Coal and Gas fired power generation is a dying technology that is killing our biosphere.
The greenies choices - solar, wind etc although great in theory, are unrealistic and could only provide a tiny percentage of our nation's power requirements.

Bit of a hot potato that no one wants touch.

Coal and Gas is out of the question yes. Solar and Wind however are not unrealistic with todays technological advancements in the manufacturing processes. I would advise you to look at germany if your wanting a glimpse into the future of energy generation. But if your looking for a real alternative to solar and wind, or even tidal power. Then have a look at Geodynamics(GDY) http://www.geodynamics.com.au/ . They are attempting to harness the power of hot granite belts about 3-5km deep. They are leading the world in this field.

[BraceFace]

Coal and Gas is out of the question yes. Solar and Wind however are not unrealistic with todays technological advancements in the manufacturing processes. I would advise you to look at germany if your wanting a glimpse into the future of energy generation. But if your looking for a real alternative to solar and wind, or even tidal power. Then have a look at Geodynamics(GDY) http://www.geodynamics.com.au/ . They are attempting to harness the power of hot granite belts about 3-5km deep. They are leading the world in this field.


These options are all well and good, and don't get me wrong - I am all for them if they are viable. But, in 50 years or so when these technologies become more "mainstream" we will all be choking on coal emmisions and wondering why the leaders in early part of the 21st century didn't pursue nuclear energy at the time.
Too little , too late perhaps........?

Even green-tinged forward thinkers like Peter Garrett have suggested a more open public debate on the issue of nuclear power. Problem is - he (and others) come from a political party in this country that appears to have a rudderless boat and may be sailing into the political never-never for quite a while.

[laurie]

Found an interesting site hope this may open a few doors for RPT :D !
http://www.paydirtsuraniumconference.com/

cheers laurie

[laurie]

Shares in Redport Limited (RPT) surged 40% in early trading after advising that a drill programme targeting and “Olympic Dam” style copper-uranium-gold mineralisation is due to start at their Herakleion Prospect at their Edward Creek project in South Australia. They said the drilling program, consisting of an 850-meter deep diamond drill hole, will start early April and should take 1 month to complete. Redport advise that review data has suggested uranium mineralisation and historic copper values of up to 37%

cheers laurie

[rederob]

I sold my holding half an hour into trading, so missed the top by a whisker.
Might buy back in a few weeks, or add more AEX (preferred).
The heat will be taken off uranium by then and the inevitable correction should alllow a reasonable buy price.

[laurie]

The heat will be taken off uranium by then and the inevitable correction should alllow a reasonable buy price.

Well it's a 50:50 bet each way

cheers laurie

[rederob]

Well it's a 50:50 bet each way

cheers laurie

Well, it's a bet I would have won if I had bought back at day's end.
But I think a retrace to 10 cents is probable as a line of secondary support.
So I will bid 9 cents next week and wait a while!

[laurie]

Wow .09c that's low I think the bottom line will be .12c ;) :2twocents

cheers laurie

[rederob]

Wow .09c that's low I think the bottom line will be .12c ;) :2twocents
cheers laurie
Laurie
The "bet" is on.

[nizar]

Might buy back in a few weeks, or add more AEX (preferred).
The heat will be taken off uranium by then and the inevitable correction should alllow a reasonable buy price.


OOoooo... I have to say im with laurie on this one...

According to Redport's announcement, drilling will be done in 1 month (so end of april), and due to the anticipation of good results, Id say the sp would go north... :2twocents

But for the record, i too prefer AEX :D

[michael_selway]

OOoooo... I have to say im with laurie on this one...

According to Redport's announcement, drilling will be done in 1 month (so end of april), and due to the anticipation of good results, Id say the sp would go north... :2twocents

But for the record, i too prefer AEX :D

thsi Uranium bubbel is goign to last longer than u think, wont burst just yet imo, needs a trigger

thx

mS

[laurie]

Laurie
The "bet" is on.

Hmmmmmmmmm......... 0.14c at mid afternoon trade ;)

cheers laurie

[rederob]

Hmmmmmmmmm......... 0.14c at mid afternoon trade ;)

cheers laurie
Laurie
Note that 13c, then 12.5c have been hit since the huge leap north.
I agree that uranium's bubble is a long, long way from over, but a lot will happen before RPT has a mine in place, and even the drilling results won't be in until some time in May.
The numbers show that in RPT's recent history it has only closed above 10cents on 9 occasions. Moreover, until last October RPT had never touched 9 cents; and it fell below that level for much of the period from late November until last week.
Put simply, many holders can quit RPT at significant profits now, realising that 17cents has come and gone for a while.
So I will stick with a buy bid at 9 cents for now, and will see if I can wind it lower in a fortnight.

[laurie]

Laurie
So I will stick with a buy bid at 9 cents for now, and will see if I can wind it lower in a fortnight.

I would do the very same thing RPT going nowhere for now :2twocents

cheers laurie

[champ2003]

IMO i think that the cheapest you will be able to get it at is .125 to .13 cents as thats the trend thats being created ATM but time will tell.
:)

[stiger]

its up up and away today!!!!

[rederob]

Wow .09c that's low I think the bottom line will be .12c ;) :2twocents

cheers laurie
10.5 hit today
More lows to come?
I think it's possible.
Just my 9cents worth.

[kennas]

Possibly.

Any idea what Lake Maitland is worth to the sp if WA allow it to be mined?

[kennas]

Found great support at .10c. Looks to have bottomed and now climbing through .115c on good volume. Buying the rest of lake maitland must be seen to be a good thing. Glad I held on on the way down. :)

[stiger]

RED HOT.

[$unny]

does any one know what is really happening with this stock? i bought some at 9cents just before the boom should have sold but didnt, i have heard this stock is going to be around 1dollar in 6 months, i have also bought some at 0.105 etc, good news coming soon?

[kennas]

Lake Maitland is a real U3O8 resource, but can't be mined obviously. The uranium debate the PM restarted last week should continue over the next few weeks and cause a stir. Big Kim has stated that he thinks Labor should change the 3 mine policy and if this is agreed on at their next national conference, then all the uranium explorers out there will be boosted. Obviosly those with a measured resource and closer to production will do well. There are a few who are closer to being able to start mining I think, and this is reflected in their market valuation, but LM seems to have massive potential.

[Fab]

Who is close to go to Production ?

[chris1983]

I sold out of this stock. Anyone who does want a longterm hold we all know redport will have a great chance of being successfull. We also know due to mine restrictions it isnt going to fly up anytime soon. I will definately come back into this stock when I get some more cash.

[kennas]

Up 13% to .125c on 10M turnover on a very crappy day.

Heading back to .14c imo. Then you'll see some resistance, unless there's a good report out.

[The Barbarian Investor]

Any thoughts on Redport of late?

I've heard some of the uranuim miners may look to Africa as potential areas to mine as well ?

[The Barbarian Investor]

Just noticed, Mr Robert Grover also sits on the board of Redport and Contact resources (if thatmeansanything?), both WA Uranuim miners..Both seem tobe in a decilne of late- be interesting to see how John Howards enquiry into N ENERGY affects the shareprices here

[kennas]

Trading Halt.

Any other RPT holders out there want to speculate?

Capital raising?
Drilling report?
Resource upgrade?

There was no increase in volume or price action really so capital raising perhaps?

[laurie]

Yeh the W.A. Goverment is doing a JV with Redport ! you did say speculate? joke aside I think it may be an resource upgrade or S.A. drilling report

cheers laurie

[stiger]

JV with AUM?

[kennas]

The Fin reported this am that it could be a tie up or merger with a 'Canadian miner'. Could be announced today. Hopefully good for the sp anyway!

[stiger]

Spot on MEGA!!!!

[kennas]

The directors of RPT are obviously happy with this price.

I wonder if anyone else is sniffing this?

I HOPE SO!!

[kennas]

I don't understand!

Mega are offering .14c a share, and it's selling at .13c a share!

What the?

[laurie]

Piss weak directors I have sent a email blasting them for giving away RPT anyone here that sells is STUPID look at what happen at Hindmarsh they statred at .78c then ended up paying $1.10 sorry I'm frigin mad at this cough out here is the address if anyone is interested in getting more money gees for christ sake FIGHT and what about the PDN Royality
admin@redport.com

cheers laurie

[kennas]

Done Laurie.

I'm not sure if they'll listen to Kennas at the Black Cat in Fitzroy though.

[YOUNG_TRADER]

Guys I should point out that Mega didn't vary its bid for HMR, it offered script and during the T/O process Mega's shares rose to $11 from $6 hence the value of the T/O increased so hold on to those RPT's because if we see another burst in uranium Mega's price will soar and the value of those 10mega to 500+ RPT will increase

Still I agree directors shouldn't have said ok so quickly, something a little stinky there!

[$unny]

I dunno, i dont think the offer is worth it. however, if redport directors have made their mind up, mega will own 50% of the company rite? 14 is to low, i could buy options at 0.08 and then resell to mega at 0.09...i think we should wait till monday to see what happens, but good to see the company has a good future! well lets hope, i think i will hold on to them, see what happens, u never know. i should have bought options

:2twocents :2twocents :2twocents :2twocents

[YOUNG_TRADER]

hmmmmm RPT holders seriously don't want MEGA Script, the offer is roughly equal to 14c RPT, yet there is mass selling @ 12.5c-13c very strange,

[laurie]

So how are you going to sell them if they are not listed on the ASX :2twocents that's why people are selling and Mega knows that :rolleyes:

cheers laurie

[kennas]

How weird is it that they're offering .14c a share, and they're selling at .125 today?? What the?

They'll have to come up with some cunning plan for us to trade them after the merge/takeover. Perhaps dual list?

[stiger]

The only mistake I made was not to sell @.17 .I :confused: hung on then so I might as well hang on now. :confused:

[michael_selway]

So how are you going to sell them if they are not listed on the ASX :2twocents that's why people are selling and Mega knows that :rolleyes:

cheers laurie

but isnt Mega buyign of you for 14c?

liek u are sellign to them not ASX?

thx

MS

[YOUNG_TRADER]

So how are you going to sell them if they are not listed on the ASX :2twocents that's why people are selling and Mega knows that :rolleyes:

cheers laurie


Mate I wouldn'd mind Mega Script, may buy some RPT just to get exposure to Mega, how would you sell you ask? Via your normal Broker, just generates larger feee, I know what you mean though, different mkt, hard to watch, information hard to come by etc etc, but if you recall, when Mega first made the script offer for HMR it valued them at 70c or so a share, by the time the deal was done, Mega's shares (and the Canadian/AUD exchange) had played out so favourably that it resulted in a value of $1.60 ish per HMR shares!,

My point is I wouldn't be selling for below 14c :)

[laurie]

YT
Also holding Mega shares may not give you access to future spp as you will be an overseas investor I see many ASX companies state that when doing a local spp,I'm not too sure if that applies to Mega :confused:

cheers laurie

[kennas]

Quite a bit of action now and finally trading at the offer price. Perhaps something else is in the air? Go RPT!

[laurie]

Quite a bit of action now and finally trading at the offer price. Perhaps something else is in the air? Go RPT!

so what price Kennas will you sell at, or are you going the Mega way!

cheers laurie

[kennas]

Good question laurie. I'm going to wait on more information and hopefully some other interested party bobs up.

If it does go to Mega, I'll have to look closer at what Mega actually own. More research required.

[kennas]

RPT directors are recommending accepting the new offer afetr Mega have split their shares in 2. Deal will make Mega/Redport a top 10 uranium digger.

The question about how we trade the shares is interesting. Apparantly Mega are going to make a Canadian broker available for us in the future if we want to sell. Seems like a bit of a dick around to me....

I think I'll sell mine before hand to reduce the hassle.

[the_godfather4]

The question about how we trade the shares is interesting. Apparantly Mega are going to make a Canadian broker available for us in the future if we want to sell. Seems like a bit of a dick around to me....


Will there be any additional tax implications or do the normal Oz rules apply?
This is all getting to be a little more of a hassle than its worth :mad:

[gremlin51]

I received Mega shares from the Hmr take over and still hold them. I sent my stock certificate in to my on line broker Directshares with a "Stock Power" form and I can sell them but only over over the phone. However the proceeds take about 4 weeks to arrive in my account.

[stiger]

If it hits 16 this week or next I,ll sell for a tidy profit.Dyor.Cheers :)

[kennas]

I sold out at $0.145. Money gone into SMM.

[stiger]

Edging closer to 16cps .I,ts worth more but 16 will suffice.Dyor.cheers :o

[Caliente]

Hi, called redports line and the ladies on the phone there were completely useless in regards to helpful information.

Here's what I found out.

-Any residual shares will get rounded up. (so if your holding doesnt divide exactly into 574 its ok ^_^ )

- Tax implications. "Talk to your financial advisor". They wouldn't say, as they're not legally allowed to.

- Broker. Gotta use international brokerage. This is going to bite. Commsec is $US 65 minimum or 0.75%.

- As for the final valuation, at 20 Mega shares per 574 redport, its essentially, Value = mega/redport price. At the moment, mega is trading at $4.50 canadian or ~ $AU5.27

Thus, this values our redport shares at 18.4c

Hence, despite all the weird issues I think I'll hold and accept the offer.

[Caliente]

Oh yes, can ANYONE shed light on canadian tax laws? I'm just reading through the bidders statement now.

From the bidders statement. Tax considerations start at page 81 of the document.

I cant seem to extract text from the pdf, its coming up all ???? ???? so I'm going to attach images of some interesting portions of the document.

WARNING: I am not licensed or qualified to give tax advice, so in the words of chicken "make your research".

[vert]

MGA as of 06/08/06 have changed from TSXV to the TSX which considered to be an important milestone and is expected to provide the company with improved access to capital, broarder market recognition and exposure to new business prospects.

I'm sitting on a nice profit @ 0.185 and the way MGA is going will probably be more once the offer is complete, as for the brokerage i don't care, MGA's value is roughly 15% - 16% more than RPT.

Holding for now.

[stiger]

Vert you've convinced me to hold for now. Cheers.Dyor.ps and the to doc.

[Caliente]

hey, is it necessary to do anything to accept the offer, or can we just hold our shares and wait to be consumed?

[stiger]

hey, is it necessary to do anything to accept the offer, or can we just hold our shares and wait to be consumed?
I am just waiting for Mega to have a big nights increase in Canada ,then i'm jumping.Cheers Dyor.

[vert]

does anyone know when we are allocated or phisically own mga shares. just getting a little bit excited as mga hit $4.90 cad, thats equal to $0.199 aud in rpt shares. mga's 12mth high is $5.40 cad and with uranium hotting up this high might get broken soon. $$$$$$

[The Barbarian Investor]

I'm not up to speed with RPT....how are they going now?

They were looking at S-Africa at one stage as well weren't they?

[Caliente]

Morning Barbarian, things are looking sunny for Redport aka Mega Redport. Check megas website for announcements. Last I checked, they bought tenements in columbia and also have a 6.25% in the new IPO NorthernUranium.

[$unny]

Hey what has happened to this stock now? Is it on suspend for a while? I mean I tried to look up the stock code, couldnt find anything, any one can help me? thanks

[kennas]

Hey what has happened to this stock now? Is it on suspend for a while? I mean I tried to look up the stock code, couldnt find anything, any one can help me? thanksBeen taken over.....yonks ago. :confused:

[$unny]

ah i know that, but i mean but options would i have with my shares? ta

[Caliente]

lol - I thought we all said goodbye to this one a long time ago?!?!?!

Lock the thread?

[exgeo]

The price per-pound of resource is about 2-3 times that for recent transactions such as Valhalla (VUL), Omega (OMC), Redport (whose main asset was Lake Maitland before the takeover by Mega Uranium) and the sale of Kintyre by RTZ. However, Lake Maitland is more advanced than these other projects.

This might have interesting consequences for the likes of Toro (TOE) who also have a similarly-sized calcrete uranium project in WA at a similar or slightly more advanced stage of development.


Mega Uranium To Sell 35% of Lake Maitland Resource for US$49 Million to Japan Australia Uranium Resources Development Co. Ltd. And ITOCHU Corporation

Toronto, Canada, February 27, 2009 – Mega Uranium Ltd. (MGA-TSX) (“Mega Uranium”) is pleased to announce a significant milestone for the company welcoming JAURD (the Japan Australia Uranium Resources Development Co. Ltd.) and ITOCHU Corporation (ITOCHU) as its proposed 35% joint venture partners to advance the development of its Lake Maitland Project. Lake Maitland, located in the Eastern Goldfields area of Western Australia, contains a national instrument 43-101 compliant Inferred Resource of 23.7 million pounds U3O8.

JAURD is a Japanese company mandated to acquire uranium resources in Australia on behalf of its shareholders, being three Japanese utilities -- The Kansai Electric Power Company, Incorporated (50%), Kyushu Electric Power Company, Incorporated (25%) and Shikoku Electric Power Company, Incorporation (15%) -- and ITOCHU Corporation (10%), the world’s second largest uranium trading house.

Stewart Taylor, President of Mega Uranium, commented, “After many months of negotiations, we have reached a favourable deal and are pleased to welcome our Japanese partners to help us advance the Lake Maitland Project to production. JAURD’s expertise in the uranium industry and their specific experience of the Australian uranium market make them an ideal partner for us in this project. Their shareholders, Kansai, Kyushu and Shikoku, will have access to uranium produced at Lake Maitland for their own use and ITOCHU will be able to participate in additional uranium off-take arrangements from the project”.

Farm-In and Joint Venture Agreement

Mega Uranium, JAURD and ITOCHU have entered into a non-binding memorandum of understanding in respect of the proposed farm-in and joint venture, which provides for aggregate payments of US$49 million by JAURD and ITOCHU to Mega Uranium in order to earn their aggregate 35% interest in the Lake Maitland Project.

Mega Uranium, JAURD and ITOCHU will enter into a definitive farm-in and joint venture agreement which initially provides that JAURD and ITOCHU will make payments to Mega Uranium for feasible studies at Lake Maitland Project in order to earn 35% interest in the Project, with further payments in the due course, subject to favorable results in feasible studies, including those for the alkaline leaching process.

Entering into a definitive agreement farm-in and joint venture agreement by the parties is subject to a number of conditions, including satisfactory completion by JAURD and ITOCHU of their due diligence, approvals of the transaction by the boards of directors of Mega Uranium, JAURD and ITOCHU, approvals required under the Foreign Acquisitions and Takeovers Act 1975 and related Australian regulatory approvals.

Chairman and CEO of Mega Uranium, Sheldon Inwentash, stated, “I am very pleased with the progress made by Peter McNally, our Vice President, Project Development, and his team at Lake Maitland in the past few years. We completed early prefeasibility studies and advanced metallurgical work ahead of the Western Australian government’s positive stance on uranium mining, which positioned Mega to be at the forefront of uranium activity in the State and allowed us to demonstrate the viability and robustness of this project to JAURD and ITOCHU.

Mega Uranium is well financed and, together with JAURD and ITOCHU, can meet the capital expenditure requirements for the Project as set out in the recently completed and announced Lake Maitland scoping study (see press release dated October 21, 2008).