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HDN - Haddington Resources

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YOUNG_TRADER

Joined
18 February 2006
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HDN Break out

Only 55m shares on issue @ 20c Mkt Cap = $11m

Cash $4m+

Uranium Project in N.T. where research by company has shown good previous exploration results

Significant values are:
19m @ 0.12% (2.63 lb/t) U3O8;
9m @ 0.18% (4.06 lb/t) U3O8 (inc 3m @ 0.53% (11.7 lb/t) U3O8);
8m@ 0.036% (0.79 lb/t ) U3O8;
and the presence of torbernite, a secondary uranium mineral, was reported.
Limited scout RC drilling by Dominion in the area returned:
9m @ 0.047% (1.03 lb/t) U3O8 & 0.098% Cu;
8m @ 0.027 (0.59 lb/t) U3O8 ;

Watch out!
 
I'm surprised it hasn't attracted more attention yet,

Fair Value based on peers would be a mkt cap closer to $20m = 36c
 
I can't see as to why either, maybe since they are not drilling until next quarter?

(RWE Aust Business News) - Haddington
Resources Ltd (ASX:HDN) has identified new uranium targets at its
Shoobridge project in the Northern Territory.
Ongoing literature research ahead of the commencement of an
extensive field exploration program in April has revealed several new
targets near the Liberator prospect, where anomalous uranium
mineralisation has been reported.
Additional anomalous uranium values have been identified from
previous exploration by Dominion Mining (ASXOM) in the early 1990's, in
three costeans approximately two kilometres to the north of the
previously identified costean.
Significant values are: 19m at 0.12pc uranium, 9m at 0.18pc and
8m 0.036pc.
The exploration program will involve systematic geochemical
sampling and ground mapping to define potential drill targets and results
are expected in the next quarter.
 
Finally getting the interest it deserves now YTrader up 100% from opening trade this morning.
 
Beethoven said:
lol hey YT havent you made enough on it already??? going up 114% isnt something to be sad about.
Click to expand...

Tears of joy my friend, tears of joy

But I still think it should be higher, just going by peer comparisons
 
Didn't like the look of its depth this morning so I sold on open,

Still seems undervalued on a peer comparison, but it was a good trade nevertheless
 
Get back in again YT. Yesterday was just the start with this one. No buy on rumour sell on announcement.

Announcement was there.
 
Check out SMC tomorrow. It might repeat HDN's performance. The historic results are equally impressive. And even provided a map to show the location of the drilling.
 
Closed at 28.5c. Really confused with this one as there is no talk on all the boards about it but it is a long term strong one.
 
34c trading here so YT's prediction of 36c might be on the money.

I too am unsure why there's been so little interest in this stock.

Pretty good historical results, lowish mkt cap and sellers thin.

Already trading above it's original 'run up' price.
 
Umm I go away for a week and come back to c this! Missed out on my entry price by about hmm 25c....lol
 
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