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WCU - White Canyon Uranium

Discussion in 'Stocks Q-Z' started by shanty, Jan 11, 2008.

  1. shanty

    shanty

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    Hi, any fresh thoughts out there? RC is no fool and Mr Shumway has an impressive cv along with his family.
     
  2. shanty

    shanty

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    Well, well! Not a lotta comment! How about WCU being one of the few shares showing green in a sea of red.
     
  3. BULLFROG

    BULLFROG

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    Does any body know how the mining lease supposed to be issued is looking. A large volume a shares traded on Wednesday this week Looking for some announcements in the coming week.
     
  4. bigdog

    bigdog Retired

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    WCU White Canyon ASX ANN

    29/04/2009 Change in substantial holding from GDN
    http://www.asx.com.au/asx/statistics...idsId=00948004

    Golden State has sold 6,000,000 White Canyon Uranium shares to a number of domestic and international clients of RBC Capital Markets.
    -- proceeds were $1.2 million
     
  5. sigmadelta

    sigmadelta

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    Very interesting action today. After an article on Proactive Investors.

    Article link

    The article indicated that :

    - a mining permit is a given, expected 20th May. No environmental or public concerns voiced.
    - Co. expect to have the mine operational using current cash
    - Ramp-up to production to start immediately after permit recieved
    - Production expected later 2009

    The next ASX-listed uranium miner has come from leftfield and, given the recent buying, surprised a lot of people. Options look good value for leverage.
     
  6. STRAT

    STRAT

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    I bought some options this week Im very happy to say. Seems to be pretty much under the radar although for this stock the last two weeks could be considered major activity. Perhaps next week it will get noticed.
     
  7. Oracle

    Oracle

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  8. brewbob

    brewbob

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    G'Day, Mates!

    I just discovered WCU on a Yahoo uranium forum for UEC. I've read the info on the WCU web site and the info on the ASX. I haven't seen, though, any reference if the construction has started at the Daneros site. Does anyone know if this happened?

    The press release on 27 May 2009 indicated it would start immediately and continue for the next 100 days. I want to invest in WCU but also want all the info I can get. The Yahoo quote page for WCULF.PK has zero info. WCU is listed in the USA on the Pink Sheets, which are very risky and usually avoided.

    Thanks in advance for any further details you can provide.

    Cheers!

    Bob
     
  9. AndyTheMan

    AndyTheMan

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    Hiya,

    I hold WCU - bought in just before they got there approval to mine a few weeks back.

    Although many still see the stock as being risky, I see lots of upside and have done a fair amount of my own research to verify my holding. Some good points:

    Approval to mine issued - I've looked through it and it looks pretty standard - I'm in the planning/approvals indsutry)

    First approval for a U mine in The Utah in 30 years.

    On the hotcopper forum members have received emails from managment sayting consruction is underway and going to schedule (I have no reason to disbelieve them but have not verified myself)

    Directors buying on market a few weeks back.

    White Mesa Mill a few hundred clicks away to process U, mill currently shut down for maintenance - go to the management mneeting minutes of the company that run the mill and they are upgrading their feeding facilities. PLanned start-up for mill (direct from mill company) is August.

    America showing renewed interest in nuclear fuel to reduce reliance on overseas fuel supplies - recently announced funding for 3 new nuclear power stations.

    Meant to be production Sept/Oct - I'm holding out till the first product leaves the mine site!
     
  10. YOUNG_TRADER

    YOUNG_TRADER

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    For a stock that has been completing its mine in order to dig up its Uranium and should any day now be announcing that it has hit its Uranium resource and so will become the next ASX listed Uranium producer it has a non existant stock following

    very strange :confused:
     
  11. YOUNG_TRADER

    YOUNG_TRADER

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    so very quiet

    flying under the radar

    one announcement due soon will change all that ;)

    for those that follow and invest in Uranium well worth a look as this will be the next ASX listed Uranium producer
     
  12. enigmatic

    enigmatic

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    YT I haven't looked over this much but i seem to be having some issue finding details on there actual resource size and there actual expected output.. all the numbers seem to be non existent.. either that Or i haven't looked far enough back yet..

    Info like what are there operating cost per lb going to be profit per lb these are the important details no point i guess digging the yellow stuff out of the ground if it is going to cost nearly the same as you sell it for..

    But interesting stock neither the less.
     
  13. YOUNG_TRADER

    YOUNG_TRADER

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    Hey Enigmatic

    yes those things are all very important fundamentally

    but to begin with the mere fact that this is the next ASX listed Uranium producer carries with it alot of weight

    to which the market is yet to fully wake up to

    WCU has effectively now joined the ranks of PDN and ERA by becoming a Uranium producer

    the market cap differences between those and WCU are huge then again so are the resource profit and production profiles

    but you get my point
     
  14. enigmatic

    enigmatic

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    Fundamentally the size of the resource and cost to produce is a big factor however I can see were your coming from, being the next possible Uranium Producer on the ASX will be a big thing and with a current market cap of about 25mil. With very few peers and with energy and low carbon emissions becoming a big thing by 2012 I'm actually surpised at the price..

    I'm sure there are alot of other uranium explorers not even close to production with far larger Mrk Cap.

    If this breaks 27c and closes above it could possibly be a breakout and I might enter. from a TA prospective see chart below.
     

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  15. swm79

    swm79

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    WCUO offers some very very nice leverage at 2c... esp with the TSX listing on its way

    cant see why WCUO isnt higher - oppies lagging again - granted they expire at the end of Jan, but they seem like a no brainer... so i'm in
     
  16. enigmatic

    enigmatic

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    Well this didn't close at or above 27c however it was reasonable close and has opened higher the chart is looking interesting
     

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  17. YOUNG_TRADER

    YOUNG_TRADER

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    Hey Enigmatic

    I could be wrong but for me this was a breakout above 25c on much larger than average volume

    but the stock is still very tightly held with 80%+ being with the top 20 so dont expect too much volume to swish around either
     
  18. enigmatic

    enigmatic

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    Yeah that was what my blue line on the first chart was however would like to see it stay above old support rather then just break resistance for a day or two.. if it stays above 25c for tommorrow Ill most likely get it.
     
  19. YOUNG_TRADER

    YOUNG_TRADER

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    25c support looks to have held and now its making a crack at 30c it seems

    Given this is about to become the next ASX listed Uranium producer Im surprised its not higher
     
  20. enigmatic

    enigmatic

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    Definitely with you on that YT, looking over the buy and sell orders looks like there is far more buying then selling and some strong support a round 28.5-29.5c so glad I got in when i did.

    Will be interesting to see how this plays out come Mid Jan when they announce there first sale.

    I was looking though there announcements and it stated they were looking at about .5million Pounds a year, not really to knowledgeable about the cost and profit of Uranium mining.. Until i know those figures can't really make any calcs on expected value.

    However looking promising.. DYOR
     
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