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EVE - EVE Investments

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Hi there, does anyone here follow this one?

I don't know much about it, it came up on a volume search today, they have an interest in a company that has Uranium leases in Zambia and interests in a new float called Cool Energy. That's all I know.

It looks interesting!

Any help and or nay say is appreciated. Thanks Julles
 

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Re: EVE - Energy Ventures

Ok, I've done more research and here are the details of the uranium mining in Africa.

According to Eve's announcements, drilling has commenced and are expected to be finished by mid May. Results soon thereafter.


ALBIDON LIMITED
NEDLANDS 6009
WESTERN AUSTRALIA

ASX CODE: ALB
AIM CODE: ALD

25th October 2005

Exploration Agreement on Albidon’s Uranium Prospects
OVERVIEW

• Albidon Limited and Energy Ventures Limited (EVE) have entered into an
agreement for the exploration and development of a number of uranium and
coal prospects that have been identified on Albidon’s tenements in Zambia.

• Under the Agreement major exploration programs will commence immediately
with A$500,000 to be spent by EVE within two years to maintain an option to
enter a Joint Venture on one or more project areas.

• Following these programmes EVE may earn a 30% interest in each project area selected by it for farm-in by expending A$1 million on the selected project area, and may then proceed to earn a 70% interest by drilling up a JORC Indicated Resource and completing a Prefeasibility Study.


Albidon’s uranium prospects comprise a number of occurrences of mineralisation withinsediments of the Karoo Basin which is the host sequence for several uranium deposits in southern Africa. The prospects were identified during uranium exploration of the Kariba Valley in the 1970’s and 1980’s however documentation is sparse and there has been no follow up exploration the past 20 years.
The areas of interest for uranium and other energy minerals are adjacent to but geologically separate from those that are the focus of Albidon’s ongoing nickel exploration activities.
The Company has decided to farm out these uranium prospects to a specialist, Africa focused energy exploration company upon terms considered attractive for Albidon. This approach has the benefit of bringing focussed exploration activity to the early stage uranium prospects whilst not diverting funds or management resources from Albidon’s nickel activities.

ENERGY VENTURES LIMITED
Energy Ventures Limited is an ASX-listed company specialising in the exploration of uranium, coal and coal-bed methane projects in Mozambique, Zambia, Botswana, Zimbabwe and Malawi. The company is run by experienced Africa-based exploration management and chaired by Dr Ian Duncan who, through a number of previously held senior management positions at WMC’s Olympic Dam Operations, has extensive
experience of all technical and commercial aspects of the development of energy minerals projects.

DETAILS OF THE AGREEMENT
• EVE must expend a minimum of A$500,000 on exploration of the specified projects during an Evaluation Phase that expires in two years.

• This expenditure will secure for EVE the exclusive right to enter farm-in agreements on one or more projects under pre-agreed terms as set out below.

• EVE may select the areas it wishes to farm-into within two years. Each project area selected requires a separate farm-in agreement. The following terms apply to each farm-in agreement:

?? EVE must expend at least A$300,000 per annum.

?? EVE may sole-fund A$1 million of project expenditure to earn a 30% interest in the project. EVE’s expenditure during the Evaluation Phase on the areas the subject of the farm-in will be credited towards this.

?? EVE may earn a 70% project interest by sole-funding exploration and
development expenditure by drilling up an Indicated Mineral Resource as defined in the JORC Code and completing a Prefeasibility Study.

?? Thereafter Albidon may elect to contribute 30% of project funding.

?? In the event Albidon elects not to participate at a 30% interest, EVE’s interest will increase to 80% in return for committing to a Bankable Feasibility Study and solefunding the first A$10 million of the study.

?? Albidon may then elect to fund its 20% share of further project costs; or may require EVE to fund Albidon’s share of project costs in return for an additional 5% interest (leaving Albidon with 15% carried into production); or alternatively Albidon may elect to convert its interest to an agreed NetSmelter Return (for example 1 to 3% sliding scale in the case of uranium).

DISCLOSURE
Three of Albidon’s directors have a declared interest in EVE. These directors have notbeen involved in the negotiations with EVE. All discussions between Albidon and EVE have been conducted by the Company’s independent directors acting under external legal and technical guidance in accordance with the highest standards of corporate governance.
The Company is looking forward to working closely with EVE to realise the discovery potential for uranium on these projects.

ENDS

Looks good to me :)
 
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Re: EVE - Energy Ventures

I agree ,it appears to be close to OMC area,just down load the charts like the vol in it on day week and mth.current low sits on a cluster of fibbo numbers i think i will take a baby step.Any insight on ALB.
 
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Re: EVE - Energy Ventures

I an in!

IMO this is WAY undervalued ... pretty confident we will get in increase in the resource. Certainly worth picking up a few at these prices as there seems to be little downside form here

cheers
 
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Re: EVE - Energy Ventures

The market still has not woken up to the potential of EVE

The Kariba uranium leases are MASSIVE & the defined uranium resource at the Njame deposits is already economical & looks pretty likely that it will be significantly extended!

The only reason I can think of why the market has missed it is the structure of EVE - essentially a "holding" company

Absolute bargain ATM

cheers
 
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Re: EVE - Energy Ventures

yes a holding company with investments in COlltech and another technology company

they should get rid of these and use cash to ramp up exploration of uranium at Kariba

they only got 1.3m in the bank and 2 me that seems like a better thing to do than capital raising and then dilution
 
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Re: EVE - Energy Ventures

these guys have twice as much land holding as OMC in the kariba district; drill results out this week were spectacular; very high grades; shallow mineralisation; already working on a resource estimation so must be fairly confident the grades are economic

More drilling results to come shortly and of course the potential for take-over is there

Have a look also at the most recent AER presentation

Sub $20mil market cap - u better believe it - but i dont think it will be there for long
 
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Re: EVE - Energy Ventures

I followed this company a while back when it was around the 5c level, anyway after having a fresh look at it and seeing how far OMC's Kariba ($90M + Mkt Cap, 12.5Mt@0.04%) and PDN's Kaleekera (20Mt @ 0.08%) projects have come,

and seeing the sheer size of EVE's land holding in this highly mineralised Zambia/Mozmbique/Malawi/Tanzanian Corridoor and recent drill results indicating an avg grade of 0.05 - 0.06% ie better than OMC's, (note some of the tennements are a JV with ALB, whereby EVE is earning up to 70%)

All combined with a company that has a fully dilluted mkt cap of around $16m, with $1.5m cash to see it through drilling and JORC Resource establishment

I didn't hesitate to buy 200,000 today at 10.5c,

I may look to buy another 300,000 depending on if I can free up capital,

Thanks peeps, I wouldn't have taken another look at this if it wasn't for me stumbling upon thread :D
 
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Re: EVE - Energy Ventures

YOUNG_TRADER said:
I followed this company a while back when it was around the 5c level, anyway after having a fresh look at it and seeing how far OMC's Kariba ($90M + Mkt Cap, 12.5Mt@0.04%) and PDN's Kaleekera (20Mt @ 0.08%) projects have come,

and seeing the sheer size of EVE's land holding in this highly mineralised Zambia/Mozmbique/Malawi/Tanzanian Corridoor and recent drill results indicating an avg grade of 0.05 - 0.06% ie better than OMC's, (note some of the tennements are a JV with ALB, whereby EVE is earning up to 70%)

All combined with a company that has a fully dilluted mkt cap of around $16m, with $1.5m cash to see it through drilling and JORC Resource establishment

I didn't hesitate to buy 200,000 today at 10.5c,

I may look to buy another 300,000 depending on if I can free up capital,

Thanks peeps, I wouldn't have taken another look at this if it wasn't for me stumbling upon thread :D

No worries YT,

we are gonna make a stack out of this beauty
 
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Re: EVE - Energy Ventures

THis is looking good; looks like the capper has accumulated enough shares!

SOme large buy orders in the depth of 350k and 400k

SOme news leaked perhaps?... :D
 
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Re: EVE - Energy Ventures

Hi,

I was just wondering does anyone know when news is expected from this company. This company hasn't posted any news in over 4 weeks.

thx
 
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Re: EVE - Energy Ventures

dangerman said:
Hi,

I was just wondering does anyone know when news is expected from this company. This company hasn't posted any news in over 4 weeks.

thx
very soon according to their most recent presentation was meant to be 2 weeks after the july 26th announcement, now its been 4 weeks...


disc: holding eve
 
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Re: EVE - Energy Ventures

hmm perhaps it is a good time to buy at these low prices and as an annoucnement is about to be released?
 
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Re: EVE - Energy Ventures

ALB:Uranium Mineralisation confirmed - Njame Prospect Zambia announcement released yesterday
 
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Re: EVE - Energy Ventures

wtf my bad got dates mixed up, even forgot today was sunday!! :banghead:
 
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Re: EVE - Energy Ventures

Alfredbra said:
hmm perhaps it is a good time to buy at these low prices and as an annoucnement is about to be released?
i cant say to be honest

but what i do know is that if the next results are decent, they already working on a JORC resource estimate from last months results, when the JORC comes out (end of the year is possible), the market cap could easily be in the region of $40million, which is 25-30cps, and i think it will be similar to OMC, in that it wont run for ages, but when it does, it will go very fast

disc; i hold EVE
 

kennas

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Re: EVE - Energy Ventures

I'm watching EVE closely atm also. Noticed it's come off a little recently. Been on a steady road sth since April. Between .08 and .09 should be good support for bounce with good news. Probably a good time to take a punt on this imo. The market cap premises presented here seem pretty reasonable. Interesting. Don't hold.
 
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Re: EVE - Energy Ventures

any ones opinon on eve atm? alot of sellers and hardly any buyers? not looking good for sp
 
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Re: EVE - Energy Ventures

A bit of selling was done today however, there is a bit of support at the 8.7 and 9 cent levels. I think the price is suffering due to the long wait for some news. EVE hasnt released any news in almost 6 weeks :eek: . I wish this company would just keep us informed in what they are doing. :banghead:
 

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