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NUP - Nupower Resources

Discussion in 'Stocks I-P' started by laurie, Feb 25, 2007.

  1. laurie

    laurie

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    Not long to go for this to hit the market on the 8th March 07 as this is a demerger from ARU there is no firm price set on opening day so expect anything from .40c--->$.00 :D

    cheers laurie
     
  2. Halba

    Halba

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    Re: NUP - NuPower Uranium

    obviously u hold

    lol

    but nupower is just another explorer.

    it'll prolly do a toro
     
  3. mmmmining

    mmmmining

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    Re: NUP - NuPower Uranium

    I'm always puzzled, why ARU want to spin off those uranium assets since the Nolan Bore still has the radioative staff, uranium and thorium, might a lot of them. How to extract them is another story. At least Warwick thought ARU is still a uranium play.

    The other days when I study SIM, I found a land next to it is extremely hot, looks like very promising in finding more uranium. When I located it at "The Investor's Australian URanium Hot Play Map", It is Nolan Bore...

    So a pure uranium company NUP, and a partial uranium company ARU, that is what you can get.

    As I posted before, I think NUP will be an excellent uranium play. Right now, the market is giving NUP like 60c openning. But it could be much higher, giving it NT address, particularly, the Loogan Creek.

    I guess there are tons of drilling reports to be released around the official listing time. Traditionally, ARU is good at this kind of "timing the release"
     
  4. Halba

    Halba

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    Re: NUP - NuPower Uranium

    how many shares on issue anyone know?
     
  5. laurie

    laurie

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    Re: NUP - NuPower Uranium

    If I was an explorer and had what NUP had then I probably end up like PDN NOT TOE and I hope it does do a TOE then I will be able to top up :2twocents

    cheers laurie
     
  6. Halba

    Halba

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    Re: NUP - NuPower Uranium

    Lets see what nupower really has i'd rather have a drill result first. Also bear in mind NUP is just has JV interests, it does not own 100% of its tenements.
     
  7. YOUNG_TRADER

    YOUNG_TRADER

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    Re: NUP - NuPower Uranium

    NUP will be $1 within 1 month of listing,

    Unfortunately I don't have any rights to them or anything, so I'll have to sit back and watch, but you see NUP like NTU has a JV with Laramide if I'm not mistaken, one of the big U power plays,

    That and the fact that its grounds are far more prospective than NTU's ensure a $1 price soon,

    Wait and see
     
  8. Halba

    Halba

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    Re: NUP - NuPower Uranium

    LAM isn't even a producer - they are an explorer with a mkt cap of over 800m CAD.
     
  9. mmmmining

    mmmmining

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    Re: NUP - NuPower Uranium

    Just as I predicted, the company release the results at a "very convenient timing".

    The bad news, the uranium finding is not very impressive.

    To me, the good news is one of the results is NEWM204 with 5m width at 1760ppm. If you cross reference the spot of NEWM204 and a Radiometric Anomalies Map on July 06 presentation, it is right on one of the white spot No "7". So we can roughly establish white spot = highly likely uranium.

    There are spot No "9", "10", "11" with hot white spots all over, I believe the chance to find high grade uranium is very high.

    Another development is I believe the NUP could release of Lucy Creek drilling result in a couple of days since they have finished the drilling last Nov. If it is true, it must be very good news.
     
  10. chris1983

    chris1983

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    Re: NUP - NuPower Uranium

    A quick glance at the results and its very ordinary

    5 metres at 0.18% (3.9 lb/T) U3O8 from 124 metres in NEWM204
    5 metres at 0.06% (1.2 lb/T) U3O8 from 73 metres in NEWM222
    4 metres at 0.02% (0.4 lb/T) U3O8 from 61 metres in NEWM217
    2 metres at 0.05% (1.2 lb/T) U3O8 from 65 metres in NEWM216

    they report 5 meters at 0.18 but look at the depth they hit it at. It shows potential but its pretty ordinary to me so far.
     
  11. YOUNG_TRADER

    YOUNG_TRADER

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    Re: NUP - NuPower Uranium

    I stand by my call
     
  12. Halba

    Halba

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    Re: NUP - NuPower Uranium

    Agree with chris. Much ado about nothing this nupower. Needs >10m intersections or high % hits. But I've seen worse. If its over a small strike length then its not really viable.
     
  13. laurie

    laurie

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    Re: NUP - NuPower Uranium

    What have I got to loose I got them for nothing oh what about Lucy Creek 100% NUP :rolleyes:

    cheers laurie
     
  14. mobcat

    mobcat

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    Re: NUP - NuPower Uranium

    Time will tell interesting times for u stock with limited firm dirt we ALL LOVE A+ #ON RESULTS I think i might have a look at this one a little closer :cautious:
     
  15. laurie

    laurie

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    Re: NUP - NuPower Uranium

    mobcat DYOR and like you said keep an eye out allow hype to hit it for a few days after floating then hopefully you should see it settle down to a more realistic price IMHO it may hit a $1 then back to say .85cents or there about assuming the market is in a stable phase good luck

    cheers laurie
     
  16. chris1983

    chris1983

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    Re: NUP - NuPower Uranium

    I agree with you Laurie. I was actually looking to get into these to have exposure to the NT..but I wont be now. I'll just stick to the 2 uraniums I allready have in Namibia. YT did bring Gawler resources to my attention. They look alright for a spec play.
     
  17. SBBH

    SBBH

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    Re: NUP - NuPower Uranium

    Nice report for NUP.... anyone know if NUP will still be listed on monday?
    I still havn't got my free NUP shares in my commsec account.... :confused:


    02 Mar 2007 Minebox headline

    Lagoon Creek uranium project results promising

    Drilling by Arafura Resources and NuPower Resources at the Lagoon Creek uranium project in the Northern Territory has delivered significant uranium results, with the best intercept being 5m @ 0.18% (3.9 lb/T) U3O8 and the highest grade intercept assaying 9.1 lb/tonne.

    The drilling program was undertaken by Toronto-based Laramide Resources, as part of an agreement with Arafura where Laramide can earn a 60 percent interest in EL 23573 by spending $5.5m on exploration over five years.

    Arafura is currently demerging its uranium interests into NuPower, which is scheduled to commence trading on the ASX in early March.

    Arafura and NuPower signed a memorandum of understanding to assign Arafura’s interest in the Lagoon Creek project to NuPower on February 23, with Arafura retaining a 10 percent interest in the new company.

    Arafura’s Managing Director, Alistair Stephens said the company’s Board had made a strategic decision to demerge its uranium assets into NuPower Resources, enabling Arafura to focus on its Nolans rare earth specialty metals project.

    NuPower Resources’ Managing Director, Dennis O’Neill said the results of Laramide Resource’s drilling program were an excellent indication of the quality of the Lagoon Creek project, which is one of the key prospects in NuPower Resources’ suite of uranium assets.

    “To have NuPower start its independent corporate life with such an attractive and well developed project is a big bonus. Mr O’Neill said. “NuPower can now focus on also growing shareholder value through our other Northern Territory uranium projects at Lucy Creek and in the Aileron Basins.”

    The 2818 metres of drilling were completed in 23 holes in the Northeast Westmoreland prospect area throughout October and November 2006.

    Twenty-nine samples returned results in excess of 100 ppm (0.01%) U3O8, with a further 20 samples returning 50-100 ppm U3O8. The highest uranium result was 0.42% between 127m to 128m in NEWM204.

    Laramide plans to conduct further drilling at Northeast Westmoreland during the 2007 field season commencing in about May/June. This will include core drilling to extend the holes that did not reach their target depths in 2006.

    - 02 Mar 2007
     
  18. mmmmining

    mmmmining

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    Re: NUP - NuPower Uranium

    March 5 still the list day?

    Any ARU holders received the free shares yet? My friends have not received them yet (I sold out ARU). If not, how can it be listed on Monday? I doubt it.
     
  19. mmmmining

    mmmmining

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    Re: NUP - NuPower Uranium

    I have not seen it is listed today. What is going on? I heard that NUP chicken out, postpone it to the end of this week. I might use the reserved fund for something else for a quick trading..
     
  20. laurie

    laurie

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    Re: NUP - NuPower Uranium

    NUP admitted to the official ASX listing today will float on Friday the 16th March :D :D

    cheers laurie
     
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