Cap Nwt
Cap Nwt
In a company press
Most investors read feeds of news organization, but not read between the lines to understand what direction the company is run. Too often, a company tries to say everything in the headline and first paragraph. Why? Because they know, like us that most investors analyze the title, a few sentences and perhaps look at some intersections in drilling or technical data (which few actually understand). Then, the investor sees the share price reacts to news, rejoicing or complaining on a stock chat board. Often, key phrases or phrases are buried in freedom, sometimes near the bottom. This can give you an idea of what is really happening with the company.
We stopped for a bit of press recent news of several uranium companies that have been following to help investors read between the lines. Only one acute assessment, each statement ruthless press, or a series of news releases, could give an accurate interpretation of how well the company is doing. We hope the following guidance may help better understand what is really going on with the plans of the company.
Northwestern Mineral Ventures (TSX-V: NWT; OTCBB: NWTMF) announced on Thursday the completion of its inquiry into the air. He also announced several possible uranium targets in the country of Niger (Africa). Reading a previous interview was conducted with Dr. John North, director of the company, he said: "There seems to be no shortage of drill targets on the concessions." So what was the big news? The CEO announced that it had "identified several targets near the surface with a significant potential for uranium mineralization." That was not the news. Not even close. I knew that!
The company covers 24 thousand kilometers of line, more than 14,000 miles. His first step was to cherry picking. The real news was buried in the third paragraph, "… a survey on air second to more narrow areas with strong uranium potential is expected to start in the summer. "That should select the strongest of drill targets at a later stage exploration company. That line also told us there was a very encouraging news. If the second in the air confirmed the strong uranium potential, raising money to promote the project through the drilling and advanced exploration will come more easily.
Forsys Metals Corp (TSX: FSY) announced on May 28 a new "detailed drilling" program deposit Valencia uranium company in Namibia (Africa). Closely spaced reverse circulation drilling will help add more "Measured" resource to study the viability of the company. The increase in measured resources, it is easier for the company to raise money to develop a uranium mine or sell its deposit liabilities to a large company. Sounds good, but a news article Forsys Metals posted on its website has been of greatest interest to us.
A major obstacle to further development of deposits of low-grade uranium in Namibia is water. These projects are in a desert. It takes water, much of it, to mine. On 26 May, the Namibian newspaper published an article very encouraging – good news not only for the Rossing mine, but also for Forsys Metals and UraMin (which also hopes to start mining uranium in Namibia). What was the news? In a breakfast meeting in the conservation of water management organized by the Namibia Economic Society (NES) on Wednesday, NamWater CEO Väino Shivute, said: "The desalination plant is back on the table. We are investigating how to restart again, see the problems of the past and learn from that. "With the theme of water on its way to a possible solution, we expect increased interest in Namibia.
Energy Metals Corporation (TSX: EMC.TO) announced it will begin trading on the Toronto Stock Exchange Thursday. quote EMC Chief Executive Paul Matysek as explained, because it is possible that "… the company to reach a broader base of individual investors, investment funds and institutional investors. "In other words, there is less dependence on individual investors, and greater reliance on large stack funds EMC stock. Of course, little will join the party too.
UR-Energy Inc (TSX: URE.TO) issued a series of press releases between 05 June and Thursday, announcing a series of important events. First, they confirmed their uranium resources in its two primary properties, Lost Creek and Lost Soldier in Wyoming, by filing National Instrument 43-101 of the documents. Both petitions were above historical resource estimates. Second, the company confirmed the leachability of uranium on its Lost Soldier.
Why is it so important? Without the ability to leach the uranium through an in situ recovery project, the company has been forced to raise money for an operation to open a lot more expensive. In a previous interview, President executive Bill Boberg told us the permeability would be a "go, no go" account on the project. It seems to be an opportunity. Thursday's press release confirmed that But buried in the bottom of the press release was more revealing news. The company is conducting environmental and hydrological engineering studies to "generate reference data. "
During the course of our research in Wyoming, we discovered a company must provide at least one year of baseline data before you can submit your application for a permit to mine in that state. The other piece of data in the press release was UR-Energy has been working on this and it is expected submit its request in mid-2007. In other words, the company is moving forward quickly to establish its In Situ Recovery operation.
Uranerz Energy (OTC BB: URNZ) issued some press releases saying, what can explain the direction you are heading. On June 5 announced the company's new CFO. URNZ also announced it had closed a financing, money comes across a little less than $ 12 million. President URNZ executive Glenn Catchpole told us he expects to launch its first In-situ recovery operation around, or less, $ 10 million. This is a good sign. However, was the next day news release confirming the news earlier and reinforced where the company is going. The company announced the appointment of three independent directors to its Board. The three were appointed to the audit committee. There are two counters with an impressive track record and the third has an MBA from the University of Western Ontario, a of the best MBA schools in North America. How to interpret this press release? URNZ probably intends to move from the poor in the struggle newsletter from aboard a higher exchange: Amex or NASDAQ Small Cap would be our guess.
What to do with a company that was not the issue a barrage of press releases? Take Strathmore Minerals (TSX: STM; Other OTC: STHJF) as an example. There is progress, but the news flow has been pretty quiet. Have reached an impasse? No, quite the opposite is true.
We did what any investor should always do in the absence of significant news. We picked up the phone and called their investor relations department. During a brief chat with Craig Christy, the company spokesman, asked about the cash position of the company. He said: "We have about C $ 0.55/share in cash." Based on the closing price on Thursday, amounting to more than 30 percent what the market is valuing STM. That depends on C $ 0.37/share earlier this year. MCI has a lot of cash and is in dire financial excellent.
We looked through our copy of Hargreave Hale Report, entitled, "Too Hot to Handle or just heat? This is a major UK financial institutions based in London. This is a major shareholder in MCI, and have been recommending STM shares. On page 32 of your document, we reviewed a large financial analysis of 33 Canadian uranium producers and Australia and development companies. The bar graph represents the Uranium Enterprise Value (UREV) per pound risk-adjusted U3O8 reserves and resources of those thirty-three companies. A horizontal line across the graph, which shows the "fair value" of about U.S. $ 4 million for each company UREV per pound adjusted.
It is interesting to study how STM stacked against many of the most popular uranium companies. Companies like Mega Uranium (TSX: MGA) rated at over U.S. $ 28 million – about 700 percent more than the Hargreave Hale "fair value" analysis. Focus Exploration and Mining traded around 500 percent of their fair value. UEX scored twice above its fair value. Companies such and resources of uranium, Western Prospector, Paladin Resources and Energy UrAsia scored at or very close to its fair value. Strathmore Minerals was the level lowest fair value – An absolute bargain at about 30 percent of their fair value. About 16 companies listed above fair value, some well above Hargreave Hale analysis of fair value. It was enlightening to find Strathmore was in the company of producers and ERA of Australia, IUC, Uranium One and Denison as an undervalued uranium company. In this case, was the most undervalued of all the 33 companies analyzed by the City of London financial institution.
Also was found a week ago, Strathmore Minerals president David Miller presented at the invitation-only Raymond James In-Situ Leach Uranium Mini-Conference in Toronto Montreal on June 7 and 8. You can visit the Raymond James website for the webcast of the presentation of David Miller, but has restricted access. Others who were present uranium resources and power metal. We were fortunate to review the PowerPoint presentation by David Miller. One word describes the presentation of Miller: Wow! Is really pack a punch. We hear Raymond James may be the release of these presentations to the public in the near future.
Sometimes when there is a lack of news, you can learn to dig around and find a company may be doing very well. In other cases, one can study the press releases and try to piece together where the company is headed. We hope this guide will help you become a more sophisticated investor. We do not recommend stocks or give advice on buying and selling. As always, speculating on natural resource companies can be very risky and suitable only for certain investors. One should always consult with their registered financial advisor about what is appropriate or not for an investment decision.
About the Author
James Finch contributes to StockInterview.com and other publications. Sign up now and get your free copy of our new book, “Investing in the Great Uranium Bull Market: A Practical Investor’s Guide to Uranium Stocks.” Just visit StockInterview.com for detail
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