URC.V has 40 million pounds and expanding.
Uranium as a realistic project requires approximately 40 million pounds (from conversations I have had with other investor relations departments that toss this number around) in the ground, and from the research I have done, if the project is low grade, then open pit, opens up the possibility big time... if the uranium was at depth and required shafts, then a higher concentration would be desirable.
If the pounds were spread out around the world, then 40 million pounds would be misleading. For URC this is a consideration relatively safe to ignore. The double S drillings are about 200 meters apart.
There are good arguments that low grade is viable and so, consider Paladin.
Consider safe environment.
You need money to operate so...
Financing at a premium or discount is a gorilla consideration because the market follows the financing differently in different settings of a broad market.
This market is great bear rally IMOP and looking for a stock long term that can survive a bear rally is not an easy task.
When a company needs to finance operations it is best for investors to be aware of the real potential of the type of financing and whether it will come in above or below the current share pricing, and as that is a function of the market and fundamentals and need of the company and the protocols of the financier, it can be hard to predict pre-financing.
This consideration is not a function of fundamentals as much as it is powered by sentiment, however if we can factor in fundamentals of good speculation, then it becomes a tool that we can use to position ourselves.
URC needs to finance, but the wiggle that it will cause should be minimal if the current price is low as it is now
A good news release and subsequent financing at higher prices should move the price up considering the fundamentals of URC IMOP.
Presently I'm doing research gorilla style, looking for something that fits my profile of long term.
Identifying the motivations that are causing the price to be what it is will answer the question "How come the price is so low"?
I do have a position under .23 cents and am looking to add on weakness.
I will be posting more gorilla considerations in the next few days and updating commentary in the public chart list.
Charting suggests a breakout to the upside soon and along with Level II observations, this is looking particularly bullish.
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This blog does Technical Charting on Online Canadian, and American Stock Plays to find the movers
( This site is not about being pretty... It's about self education in the art of gorilla charting and swing trading!
Thursday, October 8, 2009
Tuesday, October 6, 2009
Uranium
Both are languishing and taking downward selling pressure, so caution is advised and buying the cusp is the only choice at this point.
Keep a watch full eye on KIV.V as a bottom pick ready to make a 30 to 100% move in a Santa Rally or sooner.... all it needs is some momo... Support appears to be .155 with some bullish gap between the bid and ask.
URC.V by most gorilla standards is making me scratch my head , but is showing some accumulation and for good reason.... put it up on your Level II...
StockCharts Public Chart List
GLTA Lostoutwest
Kenuck SmallCap Trader
National Post
Grandich
CBCnews
Please read our Complete Disclosure
Keep a watch full eye on KIV.V as a bottom pick ready to make a 30 to 100% move in a Santa Rally or sooner.... all it needs is some momo... Support appears to be .155 with some bullish gap between the bid and ask.
URC.V by most gorilla standards is making me scratch my head , but is showing some accumulation and for good reason.... put it up on your Level II...
StockCharts Public Chart List
GLTA Lostoutwest
Kenuck SmallCap Trader
National Post
Grandich
CBCnews
Please read our Complete Disclosure
Three gold stocks breaking out
SGC.V
TMM.V
CSG.V
This is short notice and at a time of the worst entry in terms of the upcoming tax sell off, but recent momentum suggests all 3 stocks will register some type of gain over the next few weeks. Buy the dip or average in is my strategy
SGC.V (has been consolidating a continuation move off an already great move) and appears to have the best chance of a superior pop with a tossup over TMM.V (has been consolidating a continuation move off an already great move)with CGS.V trailing (has been ranging)as the one in the earliest stages of movement.
Touching silver..... the poorman's gold
FVI.V is an extremely bullish chart and with a great bank account, Level II suggests the recent consolidation is breaking to the upside. The consolidation in the price area of 1.38 to 1.59 was a nice pop in itself from under $1.00, however continuation patterns are developing, so I am now buying the dips and/or averaging in.
StockCharts Public Chart List
GLTA Lostoutwest
Kenuck SmallCap Trader
National Post
Grandich
CBCnews
Please read our Complete Disclosure
TMM.V
CSG.V
This is short notice and at a time of the worst entry in terms of the upcoming tax sell off, but recent momentum suggests all 3 stocks will register some type of gain over the next few weeks. Buy the dip or average in is my strategy
SGC.V (has been consolidating a continuation move off an already great move) and appears to have the best chance of a superior pop with a tossup over TMM.V (has been consolidating a continuation move off an already great move)with CGS.V trailing (has been ranging)as the one in the earliest stages of movement.
Touching silver..... the poorman's gold
FVI.V is an extremely bullish chart and with a great bank account, Level II suggests the recent consolidation is breaking to the upside. The consolidation in the price area of 1.38 to 1.59 was a nice pop in itself from under $1.00, however continuation patterns are developing, so I am now buying the dips and/or averaging in.
StockCharts Public Chart List
GLTA Lostoutwest
Kenuck SmallCap Trader
National Post
Grandich
CBCnews
Please read our Complete Disclosure
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