This is a mobile optimized page that loads fast, if you want to load the real page, click this text.

CTS - Contact Resources

Jump to new
I do think CTS has alot going for it i just think that in the current market environment its having a bit of a hard time 12 months ago ann like this would see a jump in SP. But i think people are wary of investing in anything atm and even holding over night.

Hopefully they do get some better results from the next round of drilling, Im sitting in a cash position waiting for good buying opportunities and im keeping a close eye on CTS amoungst others.
 
Looks like a recovery back to baseline support of around 50c might be underway, I'm guessing that a few investors got a bit angsty once the drilling results actually came out and were a bit disappointed with the grades.... I haven't actually had a detailed look at the results myself, but from what YT is saying they are comparable to industry peers, and this IS a shallow deposit.

jman2007
 
Salman forecasts that the spot price of uranium will average $102/lb this year, $162.50 in 2008, $186.85 in 2009, and $191.87 in 2010. Goldie predicted that the world's top uranium producer, Canada's Cameco, will realize average prices of $38.69/lb this year, $71.92 in 2008, $88.94 in 2009, and $106.25 in 2010.
Recommended stocks include Denison Mines (TSX: DML), Paladin Resources (TSX: PDN) and Uranium One (TSX: UUU).
 
I have been watching CTS for some time and looking to time an entry. Today looks like a good day. Of course another day on the DOW like the last two and they will be even cheaper tomorrow.

Disc : Although this post lacks any real substance it is intended as genuine and in no way constitutes a ramp
 
Ouch,

this one is really beginning to hurt me now after coming in at 51.5c. I'm not completely sure what sparked the mini-rout after this held around 50-52c for so long, but the chart is starting to look a bit tenuous. The trading volumes haven't been huge this morning, but do I intend to hold this long term, so my current position remains unchanged. Current levels around 37c might provide a good entry for the brave investor.
 
new results out anyone wish to give an opinion? Sounds positive but I am not sure how to analyze them.
 
IOT said:
new results out anyone wish to give an opinion? Sounds positive but I am not sure how to analyze them.
Click to expand...
Outstanding grades and much thicker than previous. Should be the basis for a significant upgrade to the JORC. Need to look at it a bit more to see the strike length and depth changes. Looks like they'll be able to move on to a PFS and probably BFS on this.
 
I think the results were great, well outstanding if you go off what the company said

The company appears to have a very large good grade deposit ie 500ppm-800ppm (0.05% U - 0.08% U) but also has a very high grade core 1000ppm - 3000ppm (0.1% u - 0.3%U)

Here's an extract from the ann, note the words "Based on initial drilling results, the resource is expected to increase significantly and a prefeasibility study is planned."
 

Attachments

  • CTS.JPG
    81.4 KB · Views: 201
Hmmm CTS have certainly been busy

The Chairman Richard Napier has done some inteviews etc re the project

To view the interview video link please visit: http://www.finnewsnetwork.com/Display.aspx?Site=FNN117&Vs=DIR&Vc=IV&Vm=Int_CTS_150408.wmv
To view the audio link please visit: http://www.finnewsnetwork.com/Display.aspx?Site=FNN117&Vs=DIR&Vc=IV&Vm=Int_CTS_150408.wma


And Warrick Grigor of FAR East Capital has also done an updated research report on CTS, see below for a link and extract

http://www.contacturanium.com.au/_content/documents/623.pdf
 

Attachments

  • CTS 2.JPG
    23.3 KB · Views: 354
Any thoughts on the 3 000 000 (yes 3 million) sell at 59c??

Thats a big slice of pie! Could this be someone trying to push down the price by scaring holders, having no intention to sell?
 
bigt said:
Any thoughts on the 3 000 000 (yes 3 million) sell at 59c??

Thats a big slice of pie! Could this be someone trying to push down the price by scaring holders, having no intention to sell?
Click to expand...

If its UBS nominees selling then holders/traders are in big trouble! Can anyone see who the seller is?
 
WOuldnt have thought UBS would "advertise" such a big sell, with the potential impact of knocking down the price and having no hope of getting 59c. They'd sell parcels over a period of time, probably into some strength. I'm no insti expert though, it may be a tact to snap up more.
 
That's not uranium, that's krypronite!!

Minor intersection, but geeesh!

Around 5% is the highest grades I've seen before. Surely they jest?
 
It was only a tiny pocket 0.8 m wide by 0.8 m deep maybe a few hundreds metres of the stuff would be spectacular and probably visable from space:
 
Is 34.75% = 34,750PPM?

Because that is huge rock/chip sample, biggest I've ever seen so far.

 
Perhaps they just chipped out the visible lumps to be tested for rock chip samples.

It has been suggested before that they do that to dress up results.
 
dj_420 said:
Perhaps they just chipped out the visible lumps to be tested for rock chip samples.

It has been suggested before that they do that to dress up results.
Click to expand...

I thought so too,

I mean at those levels of U it would be dangerous to humans wouldn't it?

CTS are still plugging away but with the market in subprime/credit fallout and U out of flavour not many
 
Opps I got it wrong

345 000PPM uranium lol.

Whats the high ever record value?

But u all are right, there is no sentiment in Uranium at the moment, plenty of time to accumulate this one.
 
Well a stunning intersection,

But representative of the overall grade here? Probably not. Glad to see that investors are finally starting to be more objective with these types of releases. I get the impression they were desperate to get some "feel good" news out in light of the recent sp performance.

If you want a high-grade uranium deposit, then check out Cameco's Macarthur River mine, approx 20% grade and they use remote controlled robots to mine the ore after freezing it with liq nitrogen.

Sorry a bit off topic there, but thought it would be worth mentioning.

jman
 
Becoming a substantial holder from RRS after the close today... 8million shares or 8.36%...but it's dated 28/11/2007 anyone able to explain what is going on?
 
You must log in or register to reply here.

Similar threads

April 2025 DDD
2 3
Replies
53
Views
10K
ducati916
February 2025
2 3 4
Replies
64
Views
13K
ducati916
March 2025 DDD
2 3 4
Replies
75
Views
14K
ducati916
KOB - Koba Resources
Replies
7
Views
3K
noirua
MTH - Mammoth Resources Corp (TSX.V)
Replies
1
Views
3K
Userman
Menu
Log in
Register
Cookies are required to use this site. You must accept them to continue using the site. Learn more...