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All you say is correct. The winter drilling program could bring plenty of fresh interest to this stock.
In the meantime the SP has edged up nicely from 21/22 cents at the end of the previous week to the close yesterday of 26/27 cents.
alj
I took some time absorbing this potential before taking a position. In fact, I have now bought twice.
I see no negatives. I like that they indicate a heavy winter drilling program.
Expect to see more and more familiar faces here.
Ralph
I'm glad I found the time this evening to go right through the posts so far appearing on this board, just the 21 of them. Thanks especially to yourself for discovering this low-float, especially well located prospect.
I reckon the interest only this one is destined to grow. The interview attached to the link is easy to follow and offers an array of indispensable information.
bid seems to be increasing daily will be interesting winter play
Athabasca Uranium interview
http://www.webeatthestreet.com/media/archives/AthabascaUranium20100831.mp3
Yes I will mention that to Todd the next time we talk, I sent him a link to the new ticker.
Excellent; hope they list both for PR's. eom
wow that was quick, the company contacted an agency yesterday to get a market maker to sponser them and get a ticker, record time I think.
Added to my favorites.Thanks.
http://tmx.quotemedia.com/quote.php?qm_symbol=uax&locale=EN[/tag]
well the little chart abouve the posts. I have ordered up the stockcharts chart for this ticker
Chart, where?
I see the chart is working now too, with a 4 million float I am not sure what this will really do with another section of buying pressure but I think it will definitely do something positive.
Looking very nice.
Congratulations everyone daily volume 512,642 from a 4.4 million float in one day, great, chew threw a little more overhang and it rockets.
thanks bmarked and reading...
Doubloon...thanks for the tip on this play!
Got it on my watchlist (might wait for US ticker), and BM added.
Couple questions if you get a chance:
When do you think they'll start phase 1 on the McCarthy property?
What's Hanas' connection to the company now...I see he's resigned his CEO and Director positions?
What is a cross trade?
TIA
Yes the company is working on it, they just need amarket maker to sponsor them and they should have it within 3 weeks. I think it will stay quiet till then. After we get the F ticker look out.
The US (F) trading symbol will help volume...
I just took a few shares today. My broker is also forwarding the request for the new symbol.
A few days and they should also add it for coverage on their website; trading platform, news, charts, etc.
2.2mil available ~ this morning the cross trade is to take out the original financiers is happening now, look at the volume, when it is done next bid .30
Dear Shareholders & Investors,
30 - August - 2010
Athabasca Uranium Inc.( UAX:TSX.V) is not your typical start-up company - we have partnered with scientists employing the latest proven uranium-finding technology and our initial property/target is highly prospective, shallow and on trend – in fact, its surrounded by uranium mines (MacArthur River & Cigar Lake) and recent discoveries of high-grade uranium (Hathor and Denison). UAX has positioned itself to capitalize on the strategic advantage of its partnership with Kinetex Resources, who use leading-edge exploration technology to find uranium where others have had little success – Hathor’s recent high-grade find is a great example.
Timing is everything and the time is now to invest in uranium - the commodity is trending on a global upswing. You can find out more about UAX at our website: www.athabascauranium.com.
Please call me if you have any questions or let me set up a time to meet/conference call with our new president, Gil Schneider.
I appreciate your time.
Best regards,
Todd Hanas
Corporate Communications
Athabasca Uranium Inc.
www.athabascauranium.com
email : thanas@athabascauranium.com
1040 – 885 West Georgia Street
Vancouver, BC V6C 3E8
Toll free: 1-866-869-8072
Fax: 888-691-0529
Athabasca Uranium Inc. is a Vancouver-based junior resource company focused on uranium exploration in the Athabasca Basin of northern Saskatchewan, home to some of the highest grade deposits and mines in the world.
Athabasca Uranium's strategy is to acquire and develop conceptual and early stage exploration opportunities and, through the use of cutting edge technology and geological understanding, advance towards resource development through the creation of strategic alliances or joint venture partnerships with major exploration and mining companies, investment funds and government agencies.
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Athabasca Uranium Inc. ( UAX.v / ATURF)
The CUSIP Number is 04682Q109 and the ISIN number is CA 04682Q1090
http://www.athabascauranium.com
~~~~~~~~~~~~~~~~~~~~~~~
Share structure
Shares Outstanding Basic 15,000,000
Float 4,000,000
Shares Fully Diluted 20,325,000
Cash Position $ 800,000
Fully Diluted Cash $ 1,825,000
Debt $ 0
Insider Holdings ~ 27% 4,000,000
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
NEWS
09 July 2010 BOE Capital Announces Closing of its Qualifying Transaction and Concurrent Private Placement
21 July 2010 BOE Announces change of name to Athabasca Uranium Inc. & New Symbol "UAX"
04 August 2010 Athabasca Uranium appoints Maddison as Director - Grants Options
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Athabasca Uranium Inc. is a Vancouver-based junior resource company focused on uranium exploration in the Athabasca Basin of northern Saskatchewan, home to some of the highest grade deposits and mines in the world.
Athabasca Uranium's strategy is to acquire and develop conceptual and early stage exploration opportunities and, through the use of cutting edge technology and geological understanding, advance towards resource development through the creation of strategic alliances or joint venture partnerships with major exploration and mining companies, investment funds and government agencies
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Applying Science
In 2001, Leonard Van Betuw founded Kinetex Resources Corporation as an “applied sciences" company rather than just another seismic company, by designing and bringing to market (with ION Geophysical of Houston) a new generation of seismic sensors - digital accelerometers called VectorSeis, incorporating advantages in miniaturization, digital signal capture, much higher resolution, and true spatial wave capture - basically a better mousetrap.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Don McCarthy Property
The Don McCarthy claims (S-110884 & S-110885) cover 7,584 hectares (18,580 acres) and lie 40 kilometers east of the MacArthur River Mine and 29 kilometers southeast of the Cigar Lake Mine (both owned by Cameco Corp.) on the eastern edge of the Athabasca Basin in Northern Saskatchewan, the heart of uranium in Canada.
The Company owns 50% of the claims with no encumbrances save a 2.5% net smelter royalty. The property acquisition constitutes the Company’s Qualifying Transaction.
In 2007, a 4,600 kilometer airborne Tempest MAG/EM survey was flown over the Property to test for the presence and extent of graphitic zones that can host uranium mineralization, as well as to map contacts and faults on the property.
The results of the survey were extremely positive, mapping several large conductors identified at shallow basement depths that were coincident with magnetic lows and with faulting on the property. The survey also showed the northern and northwestern parts of the area to exhibit higher conductivity for the most attributable to conductive cover. A smaller area of higher conductivity with increasing conductivity at depth can be seen near the southeastern corner of the block, coincident with a small elongated magnetic high.
full profile
http://www.athabascauranium.com/projects/don-mccarthy-property.html
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MANAGEMENT AND BOARD
Gil Schneider - President & CEO , Director
•Founder / CEO / Director - Kinetex Resources Corporation
•32+ years senior management experience
•Director - AgriMarine Holdings Inc. / AXEA Capital Corp.
Leonard Van Betuw BSc - VP Exploration
•Founder / CEO / Director - Kinetex Multi-Component Services
•Geophysical experience – participation in over 100 projects world-wide
•20+ years technical experience - 3D seismic design, modeling & processing
D. Barry Lee, BA - Chairman & CFO
•Founder / former Co-Chairman - Canadian Phoenix Resources Corp.
•Co-founder / former COO - Choice Resources Corp
•20+ years senior management experience & resource sector M&A expertise
Ken Maddison, FCA - Director
•Former partner - KPMG (retired 1997) with 30+ years audit & business advisory experience
•Former Director & Officer - uranium explorer Northern Continental Resources
•Elected a Fellow of the Institute of Chartered Accountants of BC in 1975
Steven Bruk, BA - Director
•Resource sector management expertise
•Co-founder / former President & CEO - Choice Resources Corp.
•Corporate finance for natural resource and hi-tech industries
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Power point presentation
(required reading)
http://www.athabascauranium.com/images/files/UAX-Corp-Presentation-August-2010.pdf
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Other Notes of Interest
Currently applying for pink sheets US ticker.
Property is situated in the middle of a heavy Uranium basin.
Property is 40KM from the largest Uranium mine in the world.
Shallow strike zone, means open pit mining potential
Property is 7,584 hectares (18,580 acres) in size
Radical new mobile imaging technology is holding a very high success rate on previous discoveries.
NI 43-101 has been completed on June 4th 2010.
Other properties to be announced shortly.
Extensive winter drilling program scheduled.
Complete financials and NI43-101 report at www.sedar.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Contact
Suite 1040, 885 West Georgia Street
Vancouver, B.C.
V6C 3E8
1-866-869-8072
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
[chart]stockcharts.com/c-sc/sc?s=ATURF&p=D&b=5&g=0&i=t04537810686&r=1638[/chart]
DISCLAIMER
Nothing in the contents transmitted on this board should be construed as an investment advisory, nor should it be used to make investment decisions. There is no express or implied solicitation to buy or sell securities. The author(s) may have positions in the stocks discussed and may trade in the stocks mentioned. Readers are advised to conduct their own due diligence prior to considering buying or selling any stock. All information should be considered for information purposes only. No stock exchange has approved or disapproved of the information ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
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