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CZL - Consolidated Zinc

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This company is set to list on the ASX and a prospectus was issued late last week. It is being spun off by Cazaly Resources. With all the uranium hype this year, and the big returns for those that jumped on their floats, does anyone think it is worth trying my luck? I tried to get shares with U3O8 but didn't get allocated any. Has uranium had its run or is there quick money to be made?
 
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Re: Newera Uranium

I applied straight away for the following reasons,


1. Tight Capital Structure

2. Savvy Management (associated with Caz boys who almost pulled off the deal of the century)

3. Excellent ground, W.A. ground is near Nova Lake Way Uranium deposit, + has some ground in N.T.

4. Listing 30th June, how many people will sell 30 June and crystalise a profit? Not too many I'd imagine!
 
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Re: Newera Uranium

Too risky, the WA government prohibits the mining of uraniumand has stated that this policy will remain in place until 2009. A three year wait for mining to commence, given that something is found and is economically viable in the first place, as well as the potential that this policy continues into the future means that this company could take a long time to mature and there are better uranium companies out there.
 
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Re: Newera Uranium

good points YT, and most likely by late June the resources price would recover from recent correction and reach new highs.



YOUNG_TRADER said:
I applied straight away for the following reasons,


1. Tight Capital Structure

2. Savvy Management (associated with Caz boys who almost pulled off the deal of the century)

3. Excellent ground, W.A. ground is near Nova Lake Way Uranium deposit, + has some ground in N.T.

4. Listing 30th June, how many people will sell 30 June and crystalise a profit? Not too many I'd imagine!
 
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Re: Newera Uranium

MattThomson said:
Too risky, the WA government prohibits the mining of uraniumand has stated that this policy will remain in place until 2009. A three year wait for mining to commence, given that something is found and is economically viable in the first place, as well as the potential that this policy continues into the future means that this company could take a long time to mature and there are better uranium companies out there.

Mate tell that to the shareholders of Nova Energy, Encounter Resources and U3O8 (we all saw how that float did)
 
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Re: Newera Uranium

I put my offer (priority) in on the first day, should be interesting. I think YT you have similar thoughts to myself. The risks involved are the same as any of the other uranium companies that have floated this year, and we have all seen their performaces on listing. Should be interesting come listing date.
 
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Re: Newera Uranium

IPO Closed oversubscribed in 5 days!!!!!!!!!!! :eek:


Another rocket listing? I reckon so
 
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NRU

U Float going nuts since Friday
Big buying underway
60% held by Top 20
Low Market Cap
With the pending uncertainty over Korea
U stocks revival underway!
 
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Re: NRU - Newera Uranium

Announcement Out

Newera Uranium Limited ACN: 118 554 359
ASX Release
11 July 2006

NEWERA TO ADD NEW TENEMENT CONTAINING HISTORIC, HIGH GRADE URANIUM RESULTS TO IT’S NORTHERN TERRITORY J/V WITH CAZALY IRON PTY LTD

Newera Uranium Ltd (ASX:NRU) has reached agreement to enter into a joint venture with Cazaly Iron Pty Ltd with regard to Exploration Licence Application 25296 which lies within the Harts Range, Northern Territory, northeast of Alice Springs.

Newera has agreed to pay $205,000 for an immediate 35% interest on grant, and the tenement is to be included in the Quartz Hill Project joint venture, a joint venture between Newera Uranium Limited and Cazaly Iron Pty Ltd. Under the terms of the Quartz Hill Project joint venture Newera has the right to earn a further 45% interest in all the tenements comprising the joint venture, on expenditure of $1 million within five years.

The tenement lies to the immediate west and is contiguous with the Quartz Hill project and now consolidates the project area from 42 square kilometres to 142 square kilometres. The tenement contains numerous pegmatite dykes prospective for "pegmatite-style" uranium mineralisation which were previously identified by PNC Exploration (Australia) Pty Ltd.

Historic exploration has returned very high grade uranium anomalism from rock chip and dump sampling including:

Sample HR03370 Lone Pine prospect 118,000 ppm U i.e 11.8% U
Sample HR03206 Felspar prospect 6,800 ppm U i.e 6.8 % U

The Project is situated within the SE corner of the Arunta Inlier. The Inlier comprises a sequence of sedimentary, igneous and high grade metamorphic rocks transected by a network of regional and local scale EW and NW – SE anastomosing faults.

Pegmatites are corse-grained quartz and feldspar rich dikes which typically cross-cut the surrounding country rocks, and in this case are oriented E-W and NW-SE. Pegmatite-style mineralisation at the Project comprises uranium bearing Y/Nb/Ta/REE oxide minerals within the feldspar and/or quartz minerals.
Exploration work undertaken by PNC within the Quartz Hill Project area identified a series of radioactive pegmatites and associated quartz veins which had been intruded along a NW-SE trending structure at Quartz Hill. At the discovery site, black glassy U-Nab mineralization is associated with short, narrow tension veins within the pegmatite. Additional samples taken by PNC from a small, blasted pit at the discovery site, returned values in the range 4 100 to 9 300 ppm U, 1 300 – 3 600 ppm Ta, 1.4 – 2.9 % Y, 730 – 1 720 ppm Th, 1.83 – 4.0 % Nb and 1 720 – 4 900 ppm Zr.

These pegmatite hosted styles of uranium mineralization have been known to hold potential for considerable scale, the Rossing deposit in Namibia being the largest example.

Newera Uranium Limited ACN: 118 554 359

The Company notes that the Northern Territory Government has a pro-active stance on uranium exploration and mining and looks forward to progressing exploration on the Quartz Hill Project area as soon as practicable.

Options
Newera has previously announced that the record date for its non-renounceable rights issue of options is to be six (6) business days after the lodgement of it’s prospectus due on 28th July. The issue of options to be on the basis of one (1) option for every two shares held. The options are to be issued at one (1) cent each with an exercise price of twenty five (25) cents and an expiry date of 30 April 2008. Application will be made to ASX for options to be quoted.

Further Comment;
Martin Blakeman
Managing Director
Mob: 0412 229 416
 
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Re: NRU - Newera Uranium

Announcements

NEWERA CONFIRMS URANIUM MINERALISATION IN QUARTZ HILL PEGMATITES
Newera Uranium Limited (ASX: NRU) (“Newera”) advises that analysis of soil
and rock chip samples collected from site, following recent reconnaissance
field work on Newera’s Quartz Hill project in the eastern Harts Range of the
Northern territory, has confirmed the presence of significant uranium
mineralization within Rare Earth pegmatite host rocks located at Quartz Hill.
Spot reconnaissance sampling of anomalous areas of radiation detected by
ground survey (Q05-07, below), and a site of historic sampling by PNC (TQ201
– 203), has demonstrated the presence of uranium in the pegmatites and the
dissemination of uranium, rare earth elements (REE) and thorium into the
surrounding host rocks from the pegmatites.

The results above show grades up to 0.04% U, which compares to the giant
Rossing mine in Namibia (0.035%) and are significant if found in volume.
Strong REE values are shown in the pegmatite material, with up to 1.0%
Lanthanum, indicating the materials are highly fractionated and of the
requisite nature to host uranium mineralisation.
Uranium and REEs are often found in conjunction with each other. Extraction
and processing of REE is under feasibility study by Arafura Resources at the
Nolans Bore REE deposit 230km west of Quartz Hill. Nolans Bore also contains
low grade (0.019%) uranium.

Rest of announcements here
http://imagesignal.comsec.com.au/asxdata/20061113/pdf/00666933.pdf

Anyone in this?
 
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Re: NRU - Newera Uranium

Well I'm back in NRU,

Mkt Cap
37m shares + 18m 25c opies = 45m fully dilluted

45m@37c= $17m


Cash $3m



Projects

Lake Way in W.A. Earning up to 80%
At the top of Nova (NEL's large Lake Way deposit) Clear indication of mineralistation continuing into NRU's tennement

Gascoyne
in W.A. Earning up to 80%
Previously identified 1000t@0.03% follow up work needed to expand size and grade

Quartz
in N.T. Earning up to 80%
Samples have yielded 0.4-0.9% U308
Contains Rare Earths and Thorium as well, very similar to ARU's Nolans Bore Deposit, lots of potential

Happy New Year
 
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Re: NRU - Newera Uranium

Hopefully people have noticed the U craze of late,

If so its interesting to note that NEL has risen from a low of $2.30 2 weeks ago to a high of $3.80 today,

This is interesting because NEL's 2 main deposits Lake Way and Centipede are fed by NRU's Lake Way tennement,

I jumped in on Friday, those who remember I picked GBE a few days before it ran, don't ask me why but I have the same feeling about NRU, it hasn't run that hard, its fully dilluted shares on issue is similar to AEE (45m) yet AEE is around the 60/70c mark

Time will tell but I believe NRU is due for a run,

As always I have punted the opies NRUO,

Enjoy!
 
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Re: NRU - Newera Uranium

seems like this is the only uranium stock that never goes up.
is it due to WA uranium ban regulation?
 
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Re: NRU - Newera Uranium

Patience Powerkoala, patience

The herd of sheep are busy feeding over on other pastures, soon those fields will become empty and the herd will grow hungry again.


GBE was exactly the same, was being completly ignored and I made 100% on them

This is not some pure spec punt,

It had good fundamentals in that its Lake Way project is providing the feeder channel for NEL's deposits

As well as the fact that its mkt cap @ $13.5m makes it probably the cheapest listed U play on the mkt, its Mkt structure is similar to AEE and just look at it perform now that it has a JV with Mega,

I reckon a JV would be on the cards for NRU
 
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Re: NRU - Newera Uranium

Hey Powerkoala,

Just thought I'd let you know, expect alot of selling pressure as NRU has just distributed to CAZ shareholders 9m shares
 
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Re: NRU - Newera Uranium

i thought we already have LOT of selling
starting when it was 38c ....
:banghead:
 
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Re: NRU - Newera Uranium

Having recently re-read YT's review and followed it up with further research. I rang the company the other day and spoke to the company's Exploration Manager. He was very helpful and optimistic. Drilling will take place around Mar 07 at its NT uranium prospect. The downside is that they are having difficulty with negotiations with the traditional land owners in relation to its Lake Way Project.
This stock is cashed up with $3 million in cash, but will wait for the situation to be resolved with the Lake Way project. Pity though, this company has great potential.
DYOR
 
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Re: NRU - Newera Uranium

Increasing interest in NRU the last week or so, this stock has definately lagged the rest of the pack, and so I have jumped on today hoping for a short term increase. Greggy mentions drilling not due till march for their NT projects, though I have a feeling something positive is about to happen here,maybe land rights related?
 
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Re: NRU - Newera Uranium

YOUNG_TRADER said:
Hey Powerkoala,

Just thought I'd let you know, expect alot of selling pressure as NRU has just distributed to CAZ shareholders 9m shares

I still think there is alot of selling to overcome, however the stock should find support around 25c
 
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Re: NRU - Newera Uranium

YOUNG_TRADER said:
Patience Powerkoala, patience

The herd of sheep are busy feeding over on other pastures, soon those fields will become empty and the herd will grow hungry again.


GBE was exactly the same, was being completly ignored and I made 100% on them

This is not some pure spec punt,

It had good fundamentals in that its Lake Way project is providing the feeder channel for NEL's deposits

As well as the fact that its mkt cap @ $13.5m makes it probably the cheapest listed U play on the mkt, its Mkt structure is similar to AEE and just look at it perform now that it has a JV with Mega,

I reckon a JV would be on the cards for NRU
AEE is rising for two reasons. The main reason is that they have completed a 350 hole drill program over appox 7 square klms on the Lake Wondinong uranium project in WA. This is a very large area measuring 2 kms x 3 kms long running N to S and a NE extension along an old river bed at least 1km x 1 km. U is distributed in an on surface deposit appox 1 meter thick. A positive result here will make AEE stock run very hard (the run has already started) with results probably due in about five/ six weeks time.
 
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