"It should be noted that spectral radiometric assays remain provisional until chemical assays can be returned; due to extremely high demand levels for analytical services world wide, final chemical assays are
not expected for eight to twelve weeks."
... will look at buying at the lowest somewhere in July:
With the market starting to go crazy about Uranium I may have to get in a little sooner, +2.16% today, not so bad
lioness' view seems to be supported by brokers too. At least that is what the Australian reported on may 19, "What the brokers say".
Extract Resources (EXT); Foster Stockbroking; Speculative Buy recommendation; Share price target of $1.50; Last traded at $1.16
FOSTER has put a speculative buy recommendation on Extract not just because of its tenements near the big Rossing uranium mine in Namibia. It is also because of the rising oil price, which has generated new interest in the uranium sector. Extract's Husab project in Namibia borders Rio's world-class Rossing mine and is just 25km to the west of Paladin's Langer Heinrich operation. "The area was previously explored by Anglo-American, which recorded strong readings but was abandoned due to the low uranium price at the time," Foster said in a note to clients on Friday. "Extract is currently drilling at Rossing South with very positive results from the spectral radiometric assays. The results remain provisional until the chemical assays are returned in coming months." As Foster also points out, British-based uranium company Niger Uranium recently took a 1.8 per cent stake in Kalahari Mineral, Extract's majority shareholder with a 36.2 per cent stake.
While buying now may be a good long term opportunity, there is also the chance that the financial systems still have some dirt to expose and we will see another significant down move, taking everything with it. The U sector is also subject to Black Swan event trauma such as a nuclear fuel disaster which could take the entire sector into a long term down spiral which could take years to recover from. I suppose my point is that nothing is a sure thing and putting all eggs in one risky basket can be highly profitable, but also lead you to the 10th floor balcony...Golf,
Only a matter of time now, I expect in the next 3 months, U stocks to start moving strongly up, especialy with the price of oil going to $200 US.
Everyone will start surcing alternative energy supplies and U stocks will come back into flavour. Best to buy now and not when they have doubled already.
While buying now may be a good long term opportunity, there is also the chance that the financial systems still have some dirt to expose and we will see another significant down move, taking everything with it. The U sector is also subject to Black Swan event trauma such as a nuclear fuel disaster which could take the entire sector into a long term down spiral which could take years to recover from. I suppose my point is that nothing is a sure thing and putting all eggs in one risky basket can be highly profitable, but also lead you to the 10th floor balcony...
trading halt
any ideas anyone?
if anyone actually reads this thread
my first thoughts were a takeover offer...
note the recent rise, tho on small volume, but unusual given current market.
Significant move on EXT, but please keep a track of it's longer term performance.ok up 30pc, massive turnover, surely someone has news
i've just noticed. is it kalahari or a new player?
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