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SRZ - Stellar Resources

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Agreed but at $17m with $7m in cash an investments SRZ is dirt cheap when compared to say SNU who have a mkt cap of $50m,

Just like with so many other things, I guess its a matter of patience and waiting for the mkt to come over and appreciate SRZ

An article

http://www.acnnewswire.net/press/en/35864/TORO-ENERGY-LIMITED.html

Toro Commences New 10,000m Drill Campaign On Key Warrior Uranium Project In Northern SA

Adelaide, Mar 21, 2007 (ACN Newswire) - Toro Energy Limited (ASX: TOE), is pleased to announce that detailed exploration of one of South Australia's prime Gawler Craton uranium projects has commenced.

An air-core rig has commenced drilling on the Warrior Project palaeochannels within EL's 3040, 3369W and 3372. As announced on 25 July 2006, Toro has entered into a Joint Venture agreement with Stellar Resources on two of these tenements, EL3372 and EL3369W (Toro earning 70%), which are to the immediate north and south of the tenement EL3040 (Toro earning 75% from Range River Gold Ltd). Based upon ongoing successful results, Toro plans to spend more than $3 million over the next four years on this highly prospective project.

An initial program of 200 air-core holes (~10,000m) is planned, with the objectives of scoping the potential of previously identified mineralisation and defining possible extensions at the Warrior Project, in preparation for more formal resource definition work to be commenced later in the calendar year.
 
SRZ on the move, finally through the 28c/30c level (hopefully) still dirt cheap when compared to other Sth Aust peers, value lies in Warrior Deposit

 
YOUNG_TRADER said:
SRZ on the move, finally through the 28c/30c level (hopefully) still dirt cheap when compared to other Sth Aust peers, value lies in Warrior Deposit
Click to expand...
They've also stated that they want to 'unlock value' in the Tin assets in Tassie. What do you reckon that means? Sell them off? I think a tin float perhaps.
 
kennas said:
They've also stated that they want to 'unlock value' in the Tin assets in Tassie. What do you reckon that means? Sell them off? I think a tin float perhaps.
Click to expand...

Spin off with in specie distribution + priority allocation to SRZ holders I'd say and given Wolfs performance it would be a cracker of an IPO
 
From a longer term chart perspective, looks like it had found a bottom at 25, but not confirmed yet. Need some higher lows and highs on the weekly. This may occur clearly breaking 30 cents and then 35 IMO.

The indicators all look OK to me. RSI just about to break through on the up is positive to me. Could indicate the start of a positive run. On the short term term daily, these indicators actually look more bullish, but that's because of the solid rise off 25 cents recently.


(holding)
 

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certainly looks like a promising company...
chart wise too, there looks like to be a solid floor around the 25cent area...
being only 20 - 30% above that now, there could be long way to run if results are good.
 
Just saw TOE is also having a bullish day on large volumes, considering the fact that drilling re-commenced at Warrior on the 20th of March perhaps intial results from the first few holes are about to come?
 
yeah YT i jumped on this one on breakout. looking good, not much value left in SA explorers at all apart from TOE/SRZ

if we hit a significant uranium deposit look out with these two, any large upgrades will send sp north
 
Well i hope with all these rises in SP with TOE and SRZ,that it will filter through to my HLX shares
 
YOUNG_TRADER said:
Just saw TOE is also having a bullish day on large volumes, considering the fact that drilling re-commenced at Warrior on the 20th of March perhaps intial results from the first few holes are about to come?
Click to expand...

Tend to agree and also the fact that it hasn't run yet as hard as some of the others like PNN and MTN recently. I'm going to join you for the ride on this one YT as it has alot of upside at this point in time with conference around the corner.
 
today we have seen a large run on TOE/SRZ could be due to the fact that they hold a significant deposit at small market cap.

dont know whether this increase is due to whole of uranium sector or market realising there is good chance of increase on 8.8 m pounds of uranium.

SRZ have many other projects also, the uranium farm ins with TOE and USA been the better ones. will be good to see the results that TOE can come up with.

any meaty hits or significant extensions on current resource envelope will see this one go well.
 
Got a speeding ticket.

Response:

Warrior drilling and a 'recommendation' on HC. LOL
 
YT, i'd rather ASF don't get a similar bad name as HC...


funny stuff tho.
 
only slight retrace been picked up nicely now.

only a matter of time TOE/SRZ combo is looking great
 
yeah, i'm in, 33cents...
after procrastinating about this one last week at 28c...

having U in its portfolio, fair bit free carried by larger players, is the main motivator plus the possibility of imminent drilling results.
 
I think the best thing about SRZ is we know theres a U deposit at Warrior, it may not be JORC compliant only because it was done pre the jorc code, BUT ITS THERE!

That for me de-risks the punt on SRZ, combine that with a $20m mkt cap and $7m in assets and u get a very very cheap play IMO

The drilling results we're waiting for should highlight the Warrior Deposit as a deposit and not a target
 
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