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Did someone find away around Naked Short Selling?
Don't you love it when the authorities make things so complicated that they can make your head spin even when they try to explain it.
Lets keep things simple. Ban ALL Short Selling. Naked or Otherwise. If it belongs to you or me then NOOOOOOBODY else should have the right to sell it.
Write to your MP & MPP TODAY.
Exchang Traded Fund or something else - Legalized?
ETF? Exchange Traded Fund? What does the F really stand for?
1. Will our Uranium Mining CEO's start asking questions collectively to support their shareholders? Will they send letters to their elected officials? Will they address this issue at the PDAC? The PDAC is less than two weeks away. This would be a great time to speak up LOUD AND CLEAR about this. Your jobs are to work on behalf of shareholders.
2. Will our elected officials address this issue QUICKLY?
3. Will our elected officials ban shortselling immediately?
4. Will BNN produce a show about this URGENT issue IMMEDIATELY?
click and wait a few seconds for the video to activate
If the video does not activate copy this into your browser
https://www.bnnbloomberg.ca/video/larry-berman-a-dispatch-from-inside-etfs-2020~1885603
Has BNN's expert, Larry Berman, ever outlined the Operational Short Selling on BNN or at any of his Free Seminars? If yes, please post links to that explanation. I think there are many that would like to see that.
Are you attending a FREE ETF seminar in the future? Will anyone/everyone attending, ask Larry Berman to talk about the above article.
5. Will shareholders of the impacted stocks just continue being kept in the dark?
I close this post as I opened it. Write to your MP and MPP today. Copy the Ontario Securities Commission.
Fortunately for UEX shareholders, URANIUM ETFs no longer hold extensive positions in our stock. But most Uranium Investors do hold shares in other Uranium Mining stocks. Are shareholder just going to sit by and let this happen? How does Operational Short Selling impact other industries? The solution is simple. Ban ALL Short Selling.
Twitter Links to Stockhouse are allowing access again.
I recently clicked on some links to stockhouse from someones twitter feed - probably aligongo888 and I suddenly had access to Stockhouse. Damn. I no loger get the blocked message. So I took a look at many of the more recent posts on Stockhouse.
I see that some of my posts here are being re-posted onto stockhouse. No wonder I get so little response on this board. LOL.
What matters is that the word gets out. Much of it has been by way of Alibong888 twitter feed and Mangoe on Stockhouse.
Still, I will not partake in a forum that is prone to spam and abusive behaviour which is what ultimately brought me to Investor Hub. With Investor Hub Off topic, spam, abusive behaviour are removed by the board moderator instead of having to wait until stockhouse removes the offenders which can take days. The downside here is that there is no read count which keeps posters in the dark as to whether or not people are actually reading whay one writes.
In any event, I saw this very usefull Tweet from UEX and feel that it needs to get as much traction as possible. The timing is right especially since I see Greenview has reposted some quotes from UEX about the final West Bear Results still being outstanding. Indeed, we are still waiting for that interpretation though I really never understood what the company means by that statement. What format is this NEW INTERPRETATION going to be in?
Orano Choices
Once you open this link CLICK ON THE GRAPHIC TO ENLAGER IT
Once you do that, look at which properties Orano has to work with. One is called Midwest and the other is called Shea Creek.
If Orano wants to be producing then MidWest wont take them too far.
Shea Creek has over 90,000,000 lbs which would provide them with ample supply. If Roger's theory is right, there could be 140,000,000 to 180,000,000 lbs at Shea Creek. UEX owns 49% of Shea Creek.
So if Orano wants to get into production Shea Creek is a VERY LIKELY choice.
Meanwhile, UEX has the 100% owned HIDDEN BAY's shallow discovery of over 30,000,000 lbs which are likely amenable to the much less expensive Heap Leaching mining process.
I'm no expert so take this with a grain of salt but it seems to me that UEX is a definite contender to be a large stakeholder in one of the next Uranium producing properties in the Athabaska Basin.
UEX shareholders expect a dividend sometime this year in the form of the CoEX spinout. Will there be future dividends as well in the form of Uranium production or propetry buyouts?
Once again I urge those with sell orders to simply remove them off the table. Sell if you must but don't show your cards to the algorithms. And if you have not yet done so, take a few minutes this weekend to write to your MPs and MPPs & Ontario Securities Commission to address the deadly cocktail of trading rules that are hurting our junior miners.
here is what you need to do
Listen to this interview for two things.
Firstly, this interview is about gold but it can apply to Urnanium shares as well. At least one commpany that we know of anyway. Can you guess which one?
1 - The part about dividends. Is UEX poised to be ahead of the curve? After all, a Spinouot Dividend is what gave birth to UEX. So it could be said that a Spinout Dividend in in the UEX's DNA or its deja-vu all over again.
2 - The ETF aspect of the discussion. Why Funds are better than ETFs. Is the word finally getting out? I have called on fund managers to start promoting themselves more. At least one has listened.
Kitco Interview
Unconformity Definition
In case anyone is wondering here is a link to the definition of an unconformity. I take back what I stated in an earlier post. Defining unconformity would be too much information and wouuld lose most investors. My bad.
The best way to communicate drill results is with graphics. The world is becoming increasingly visual as any website designer would likely tell you.
Wikipedia
LME vs Fastmarkets
Fastmarkets
LME Cobalt
Fastmarkets show that Cobalt is staying flat while LME shows cobalt is dropping.
Is this the is same FAKE stuff as LT vs SPOT?
Anyone planning on attending? Apparently UEX is going to be displaying core from the new West Bear discovery. Roger I think it's almost time to spin-out coex.
PDAC 2020 - Core Shack
Mar 01 - Mar 02, 2020
Metro Toronto Convention Centre 222 Bremner Boulevard, Toronto, ON
Core Shack - PDAC 2020
Displaying core from our new West Bear Cobalt Deposit
Booth #3112A
PDAC 2020 - Investor presentation
Mar 02, 2020
Metro Toronto Convention Centre 222 Bremner Boulevard, Toronto, ON
Corporate Presentation Forum for Investors - PDAC 2020
Forum Presenter: Roger Lemaitre
Presentation time: 3:30 PM
Room 801B
First Casey, Now Energy Investor, Blue Gold
Energy Investor is touting BLUE GOLD
Did UEX increase its land package?
Good catch alibongo888
VRIC UEX Feb 2020 Presentation Page 4
Analysis and some questions for UEX at the PDAC for anyone attending.
First, allow me to say that it looks like UEX has been really busy these past few months. They have a LOT going on with Christie Lake, West Bear and Hidden Bay. I was getting pretty numb on Christie Lake but the VRIC presentation has revived my interest. I’m still rather confused as to the status of West Bear and I am really optimistic about Hidden Bay’s potential. The VRIC presentation, assuming that I understand what Roger is trying to say, has really woken my interest in Shea Creek as well.
Finally, I have to stop myself when it comes to the fact that both Cameco and UEX home pages contain such similar messaging. Coincidence or a sign of what is on the horizon?
Below is my analysis of the UEX Corporate presentation delivered at VRIC 2020 that is now replaced the Nov 2019 Corporate presentation on the UEX website. Here is the link. You may want to have it open as you read this post.
UEX Corporate Presentation
As a shareholder, I can be critical at times but I prefer to provide constructive input to help in any way that I can. Today’s analysis is intended to be constructive though some may see my content get critical at times. I don’t mean to be. I merely want to provoke thought for those reading it and for management if they can find any points to be beneficial to them. If only one or two of my points serve to make the presentation even better before PDAC, than it is now, then I have met part of my goal.
Christie Lake
Page 9
Observation: Notice the border line between Cameco McArthur (Not to be confused with McArthur Lake Mine) and Christie Lake. This could be significant, if you review my earlier post about the Home Pages.
Observation: Notice the blue showing that straddles the border. Slightly more than ½ lies on the UEX side.
Question: What does the big red star to the immediate right represent? What is its significance?
Page 10
Observation: Notice the top part of the grey hockey stick formation. What can’t be seen on this map is that under that grey lies a similar blue spot to that I observed in my page 9 comments. You will have to go to previously published maps to see that. From what I understood of the VRIC presentation, this grey area (covering up the blue) is what Roger is targeting.
With that said, look down to Ken Pen and Paul Bay. Much of that find (which forms the bulk of Christie Lake’s maiden resource, was within a similar blue showing. Hence drilling closer to similar readings, makes perfect sense to me but then I’m not a geologist.
Observation: In his VRIC presentation, Roger mentions that Uranium explorers get excited about 2 ppm and that UEX is finding over 10 ppm. That comment is supported by the boxed graphic to the left of the map where drill holes show 8.3 ppm, 23.8 ppm, 11.2 ppm 12 ppm and 44.3 ppm.
Question: Do investors recognize ppm reportings? Personally, I don’t think the market (rightly or wrongly) recognizes ppm as exciting no matter what the number is in front of it is. For now, I will trust this to be a significant number for Uranium Geologists.
Page 11
[b[color=blue]]Observation:[/color] This page suggests that the string of Uranium ‘pearls’ continues to align south west. One such hole is almost 2 KM south west of Paul Bay. Still, the grades are expressed in ppm which I don’t think does much for the Market.
West Bear
Page 14-15
Observation: I’m still confused as to what was and what was NOT drilled from this map. The VRIC presentation seems to suggest that there are still holes to be drilled under West Bear’s Uranium discovery. Conversely, Roger states in the presentation that they think they have found all that there is to find at the original West Bear drill site depicted on page 14 of the Feb 2020 VRIC presentation.
At the risk of digressing a bit, it is important to remember that the drill holes from the 2019 Summer Program are EXCLUDED from the Maiden 43-101 report. Most of the 2019 Summer holes were drilled in the area of the oval (formerly Big Foot outline). But that is different than saying some areas have never been drilled because they stopped at 30 meters or so. I think he is referring to the area below the West Bear Uranium Discovery. That said, I thought UEX drilled there at some point and included those holes in the Maiden West Bear 43-101. Is anyone else confused by this or is it just me? Please help me out if you can see what I am missing.
Observation: In most maps, red is used to indicate Uranium such as page 14. Then, suddenly on page 15, red is used to indicate cobalt nickel. This really confused me for a while until I figured it out. I would suggest that Uranium be one color regardless of map and Cobalt Nickel be another color regardless of map. It is true that the line numbers are provided, but unless you have a big screen like I do, those numbers are hard to read without using the zoom and even then they are hard to make out.
Suggestion: I believe that Roger really has a great opportunity if he clears up West Bear for his audience before the PDAC. Excluding Umpherville, is there more potential / drilling that needs to be done at West Bear or not? If not, could he clarify why he stated at the VRIC that they have found all that they are going to find? Previous reports suggested that there was drilling done under the Uranium discovery at West Bear. I’m not suggesting that they need to drill it more at this time. I’m merely asking for clarification for what I see as being mixed messages. Maybe I’m just too tired of writing this today!
Suggestion: Usage of the words ‘unconformity’ leave most of the audience saying ‘Whaaat’? If there is more potential then show it on a map. Most people don’t know what an unconformity is or which one Roger is referring to. Also, tell the audience clearly what has never been drilled. Every time I think I understand it, I hear another statement that this area has never been drilled. There is no question that this is a great discovery. It just needs to be described in simpler terms. Use color coding and lay it out on a legend. One color for Uranium and another for cobalt nickel. Then keep the colors consistent from map to map and any new iterations thereafter. Throw in a third color for NOT YET DRILLED if you think there is added potential for more.
Page 16
Observation: Roger states that early indicators show that Umpherville may be even better than the original Cobalt find 2 km south of Umpherville. That is certainly exciting to hear but I’d like to better understand the basis for that view. I realize that the presentation was only allowed 10 minutes and that only so much could be covered in that short time frame, but I’m hoping that this could be clarified somehow before the PDAC.
Questions: Is it the discovery of 200 ppm nickel below the lost holes that provides this optimism? If the holes were lost in the clay above the nickel, how do we know there is nickel below the clay?
Note: UEX will be displaying a CORE SHACK at the PDAC. It would be interesting to see the Cobalt Nickel cores from the Big Foot area compared to any Umpherville cores that may be completed by then.
Hidden Bay
Observation: This is a great area of potential when one looks at the historical open pit mining that has taken place at the bordering property to the north east. It is however getting confusing to discern the placement of Eagle Point from McLean South. The Holes along the Telephone fault are right on the fault whereas the discoveries at Sue are just to the west of the fault line.
Question: Why are we looking at the Radon Reading to the East of Telephone fault? I realize that Radon may be an indicator but there is no indication of Uranium to the East of the Sue fault other than the pearls that straddle the line. Perhaps we don’t know the answer, but I wonder if there ever were any recorded radon readings to the east of Sue and if so, were they ever followed up by Orano?
Shea Creek
Comment: I recall the exploration of Shea Creek 15 years ago. The excitement was incredible and I can see why some would want to recreate that excitement today. That said, I never saw the need to drill it any more. We know the uranium is there so why drill it now.
That said, it took me several listens to the VRIC presentation to see exactly what Roger was getting at when talking about Shea Creek. From what I gathered, the red on page 25 represents discovered uranium as represented in the 43-101 while the blue areas are target areas that are believed to contain more uranium. I don’t know how such an assessment can be arrived at but, if all those blue areas do in fact contain uranium in similar grade, Shea Creek could almost double in size.
Uranium is the heaviest metal in the world. What I am unsure of is whether or not the principle of ‘heaviest at the bottom’ applies here. If it does, then the grades could actually increase and Shea Creek could grow by more than that. Judging by what Roger stated in some previous interview (I believe it was with CRUX) the blue areas caught Orano’s attention when he presented them to Orano. Orano is a bigger and slower company to make any decisions so we may have to wait for any drill program there.
Meanwhile, we have Hidden Bay, Christie Lake and a potential spinout/dividend to keep Roger and his staff really busy this coming year.
Do you notice any similarities on HOME PAGES?
Cameco Home Page
UEX Home Page
Claims of Toilet Paper Shortage cause Panic Buying.
Panic Buying for Toilet Paper
Imagine what will happen when the world realizes that we are running out of readily available Uranium supply.
Will UEX be the SUPER BOWL of Uranium stocks?
The Superbowl and EV's.
Short Selling actually helped Tesla recently.
Here is another link courtesy of alibong888
How Short Selling can backfire
This is dear to my heart because I am greatly opposed to the Short Selling scheme. That said, there are only a few things that can really cause Short Positions to help a stock and I don't count on them though I do love drinking freshly squeezed orange juice.
Here are three things that can cause a runup.
1) Some awesome news comes out that attracts buyers to a stock that has a short position against it. Investors start to pile in and the Short holders have to buy back at whatever price the sellers are asking. This is why I tell people NEVER to place a sell order unless they really plan to sell.
2.) In the case of UEX, if the price of SPOT was to rise suddenly by $5.00 that would have the same effect as #1 above.
3.) In the case of UEX, the CoEX spinout would be considered to be a Dividend and that means that the ones holding the Short positions would have to PAY the dividends on the short positions that they hold plus any price that Sellers are asking on the day that the shorters have to sell. That can cause a MELT UP so long as there are NO REAL SHARES up for sale. See the links that I provided a few days ago to articles regarding short selling.
Don't get me wrong. I despise Short Selling and urge you all to fight for it to be banned. That said, while we are still being subjected to this practice, as long as somebody thinks that it is OK to short a Uranium Stock in today's environment, I have ZERO empathy for anyone caught holding short positions and I just happen to be craving a very large glass of orange juice. If Roger should decide to announce a spinout while there is a large short position, you could see the stock run up faster than a squirrel up a tree. I don't think he is ready just yet but until he is you can do something to help.
The short positions for UEX increased to 2.3 million shares as of Jan 31, 2020. Now would be a good time to pull all your sell orders. Don't believe that nonsense about placing your shares up for sale so that nobody can short them. That is an excercise in futility designed to help protect short positions. As long as Short Selling is allowed, there will always be shares available to borrow whether or not you put your shares up for sale.
UEX Presenation at VRIC has great potential
I found this on Alibongo888 twitter feed. I presume he got it from the UEX site.
UEX presentation at VRIC
After watching this, I get the immpression that 10 minutes is simply not enough time to try and describe all that UEX has. Roger seems to have some really good information in this presentation but I'm not sure that anyone new to the company would be able to follow. Too much good information vs not enough time. It is unfortunate that the VRIC could only allow him 10 minutes.
With some more work and more time to deliver, this presentation could be a game changer at a very good time. I'm going to have to study it some more but I like some of the things I heard. Hopefully it can be tweaked in time for PDAC.
Here is what needs to be done to Drain the Swamp in the Canadian Markets.
-First and foremost, Ban Short Selling outright. When it comes to the junior mining sector, it is my view that short selling is the root of what appears to be illogical market performance to most private investors. China has recently banned short selling to help prop up their markets. Too bad they waited until it was too late. How long will our representatives wait?
-Demand Live Transparency for Alternate Trading Systems (ATS) BID / ASK prices and volumes. Users must be allowed to select the exchange they want to trade on. No house or brokerage should be allowed to switch any part of an order from one exchange to another. First order in must always be respected provided that the volume being offered is availabe at the price of the order. If the Exchange shows that there are 25,000 shares offered at $1.30 and someone offers that before any other manually placed or algorithm order, then that order must be filled. First in first filled. No transfer to another exchange unless the person placing the order agrees to moving that specific order to another exchange using a new time stamp at the time that the change is approved for any residual order. No new tricky ways to get around this such as pre-screening of orders is ever to be allowed to be communicated in any way to any other bodies prior to the Send Order button being activated.
-Review ETF regulations and the role their process plays in the predictability which benefits short sellers. Scheduled Re-distribution rule forces predictable selling which leads to massive short selling opportunities for those in the know. To an extent, Forced scheduled re-distributions are akin to serving as advanced information that is of particular value to high volume traders who can afford to short sell. Note that if short selling is banned, then the ETF issue could become much less of an issue. Re-distributions are fine as long as they are done daily instead of en-masse every 6 months or any longer period than daily.
So what are you waiting for? If you want to bring back order to this aspect of the Canadian Junior markets, then copy the above three points into your letter. Just be sure to write some works from yourself.
Contact your MPP first. Find your MPP here if you live on Ontario. Otherwise access your Province's equivalent site. Other countries are doing this. So must Canada.
Ontario MPPs
Carbon Copy the OSC
Ontario Securities Commission
20 Queen Street West
20th Floor
Toronto ON M5H 3S8
inquiries@osc.gov.on.ca
Carbon Copy IIROC. They have Regional offices. Pick the one that suits you.
IIROC Regional Addresses
Brittain moves up ban on gasoline cars 5years
I just heard Fox News reporting that Brittain is moving up the ban on Gasoline vehicles to 2035 from 2040.
Is it doable? I doubt it. Will it bring more attention to Cobalt needs? I doubt it. That said, it could help accelerate timelines for Cobalt mine development.
It is time to END the GAMES.
It is time to Drain the Swamp from the Canadian Markets.
For years I have objected to Short Selling and to ETFs as well as the opaque trading tools such as ATS (Alternate Trading Systems) and Anonymous House 01 which is used by select users only.
The rules have been written in such a way that the mining industry has been brought down to its knees including the URANIUM MINING INDUSTRY which is at the very cusp of one of its most devastating supply shortage situations. If it does not pass the smell test that is usually because there is something rotten in the package. None of the above pass the smell test for me. BTW why is there no spokesperson for the MINING INDUSTRY on this ISSUE? I speculate that everyone is too afraid of speaking out because of the threat to being cut off from financings. That is something that needs to stop. How is silence working for your shareholders mining executives?
Also where is the media? Why is the CBC's BNN not all over this? Instead, they promote ETFs with a special guest on a regular basis. Never a tough question have I heard from them in this regard. Eventually I stopped watching. Is it because the CBC is funded by the very government that passed these regulations and the same goernment that funds the CBC?
Do you think I'm nuts? I may be mad as hell but I know what I am talking about.
Here are a series of articles that will help you begin to understand if you don't already. Even with all that has gone on NOOOOOBODY in government has EVER brought this up as an election issue. NOOOOOOBODY!
ETFs hurt Click Here
Short Selling Click here
despite this high risk process Short Sellers are still shorting the greatest Uranium Bull market becasue they know how rebalancings of EFTs work. Click Her
NOTHING will EVER get fixed unless everyone reading this note takes a few minutes out of their day and sends a letter with these links to your MP and MPP and IIROC and the ONTARIO SECURITIES COMMISSION.
If you are still unsure that you want to get involved, think of it this way. If you get robbed in the streets would you not call a cop? Of course your would. Then why would you not call them if your investments are being robbed by LEGALIZED MEANS. Don't procrastinate any longer. Copy the above links. Take the time to write your own message. Tweet the links out to everyone you know. Facebook it. E-mail it. Do whatever it takes to get this message out to their elected officials and the Ontario Securities Commission as well as IIROC. Don't get discouraged by their form letter responses. Demand ACTION NOW. Tell them that YOU WANT THIS CORRECTED NOW.
And here we have UEX. Over 2,000,0000 shares held as short positions despite the fact that UEX has Uranium and Cobalt to its name. Two essential products that are going to help the environmentalist reach their carbon reduction goals.
If government truly believes so much in the need to reduce Carbon Emissions why is it doing NOTHING to help the MINING INDUSTRY? Why is it left to me to raise these issues on the internet without being able to get compensated for my efforts?
ARE ETF and ATS managers concerned about the environemnt? Do they give hoot about the people who pay their listing fees? Why are THEY not being challenged? Write, Tweet, Facbook ... take social media to the max on this issue if you ever want to make the returns that you deserve for having funded the exploration efforts that are the best solution towards Carbon Reduction, DO YOUR PART to get the word out.
LME Cobalt is catching up to FastMarkets.
LME Cobalt
Mike Alkin agrees with 'Fake' nature of SPOT PRICE
Spot is a BS nonsense market
So why does anyone buy uranium from Kazakstan?
The world wants Ethhical Cobalt.
Why would the world not want Ethical Uranium too?
Does anyone know of a company that has both? UEX CoEX perhaps? Ya Think?
Haven't I suggested this before? Sounds like somebody is listening.
I found this link via one of quakes99 Twitter feeds. Don't just view the video. Read the article too. Look for the quote that I posted below.
see video and article
SPOT bounces back!
See numerco twitter feed.
numerco
Haywood project a 60% increase in #U3O8 Spot price this year.
Important Tweet from quakes99
Haywood is expecting a fairly linear 'MULTI-YEAR' recovery.
Now this is very IMPORTANT for those thinking that the next rise in Uranium share prices will be just a short blip that will allow investors to take quick profits and move on. If Haywood is correct, and I believe they are actually being conservative, this is shaping up to be a long steady rise that will offer more security to those buying up along the way. The reason I believe Haywood is correct, is because I believe that Uranium producers have learned from their past mistakes.
And that ladies and gentlemen, means that early investors stand to see multiples that they have never experienced before - unless they were there in 2004. I'll give Roger credit for this statement in his presentation.
"It is 2004 all over again".
Stay tuned.
This has GOT TO STOP!
When you place your bids you do so based on the BID and ASK showing on the TSX. Few traders have access to live ATS transactions.
But the order you place disappears and shows as filled yet the transaction is not included in the volume that most people see.
At time of posting this message 294,000 vs 26,000 were traded on the ATS and thus are still not reflected in the TSX volume which shows only the 26,000. Hence it looks like there is much less interest in the stock than there really is. THIS HAS GOT TO STOP!
It is time to write to your MPs and MPPs to stop this unfair trading practice. How can anyone place an order in good faith when the BID and ASK figures are only available to those that can afford to pay for the ATS?
Why are short selling transactions not displayed in real time? THIS HAS GOT TO BE STOPPED.
The system needs to FIXED so that it is no longer FIXED in the favour of just the few.
Rick Rule interview
Stephen Moore interview / advising Trump
Trump is about to announce a Mid East Peace plan.
This is a monumental proposal which will include a Pelestinian state.
This will affect the IRAN Nuclear deal in some way shape or form.
Stay tuned. This is BIG.
Get America Mining Again!
Unless the Democrats remove Trump that is.
Thanks to quakes99 and Stian Flage twitter feeds.
Get America Mining Again
Interview worth the listen only 5 minutes in length.
https://petergrandich.com/2020/01/22/the-only-group-i-can-find-greatly-undervalued/
In another interview posted on Stackhouse just yesterday Peter Grandich says as of Friday his largest holding is Uranium.
Interesting, so is mine ;)
Battery Shortage causes problems for Mercedez EV Production
Not Enough Batteries
In this context, I wonder what the significance of page 23 of the UEX Nov 2019 Corporate Presentation will prove to be. Just how much Cobalt will be added to the West Bear 43-101 when the Summer Drill program gets included.
UEX Corporate Presentation. Scroll to page 23
Will there be a new 43-101 for West Bear or will the notion that the 43-101 process prohibits the inclusion of all the holes that were drilled at West Bear prevail? What ever happened to that 9% hole? Did the groundhogs eat the blue stuff? What will it take to allow inclusion of all West Bear holes in the next 43-101? Do we have to petition the government to relax the 43-101 process so that key information is not withheld from those risk takers that invest in products that will help to solve the perceived Global Climate Change problem? When will the Canadian Govt see fit to give Cobalt Mines some incentive to help that EV market deal with the shortages that they face? Either we have a climate change problem or we don't.
If we do, and the government truly wants EVs to be part of the solution, why is the government not doing anything to help Cobalt miners instead of tightening the screws on them with overly stringent 43-101 regulations? Roger once stated somewhere that many holes found by UEX were not allowed to be included in the maiden 43-101. Will they get included with the next 43-101? If not, why not? Is it because the Federal Govt prefers to charge a Carbon Tax rather than allow the miners to supply the materials needed to build the EVs on the road ASAP?
Will the future see UEX/CoEX in a selling position that sees all their ethical Cobalt, on some direct or indirect basis, being used to supply a given end user such as Mercedez so as to ensure that the end user can meet the government requirements for EVs? Is this where the Cobalt business is headed? Will such suppliers be able to command a premium price for such a secured supply of ethically supplies cobalt? These are questions that I would like asked and answered. Perhaps CRUX needs to start interviewing Govt officials.
This is what investing in Uranium feels like these days.
The Tiger usually fleeces the lambs but when it come to Uranium these days, it is not only the lambs getting fleeced. The Tiger gets pushed out too.
LOL
It must be due to climate change.
You have to dig deep into the technical reports.
This is an extract from an old Hidden Bay Technical report.
WARNING: These Technincal reports can give you a really bad headache. LOL
If you don't want to read the full report just scan for the word metal. In this report you get 80 hits most of which are part of Metallurgical. All I find is U308, Nickel, Cobalt and Arsenic.
go to page 118 for the quote below
My minds been racing, I'm so curious what else has been identified or missed in UEX copious amounts of past drill results. :)
Hey NewCoreFish. This is for you!
I found this article posted on quakes99 Twitter Feed. He's like a friggin library that guy.
I thought of your recent post the minute I saw it. Alces Lake is approx 80-100 KM North West of Black Lake. Maybe I should not post this. We need Roger to stay focused. LOL.
High Concentrations of Gallium Within the Rare Earth Element Mineralization System, Alces Lake Property
Keep up the pressure fellow investors.
What did it feel like?
Over the past year I have been asked several times what did the last Uranium Bull Market feel like. I usually point those people to the 20 year chart for UEX. However, for some reason a 20 year chart seems too much like it can't happen again even though the Uranium is still there in the ground unless the groundhogs ate it.
So today, I draw your attention to two gold stock that gained tremendous amounts RECENTLY. Many people are kicking themselves for not getting in while noone else wanted to get in.
This is not meant to be spam. I am not trying to advocated for either of these two companies. I merely want provide readers with a couple of more current meteoric rides that many people missed out on. The first one is AZM which I mentioned the other day. It rose from $0.50 to $1.50 in JUST ONE DAY and still sits at that level less a few cents.
For the second CURRENT EXAMPLE, I provide a link to a VRIC interview with the CEO of Great Bear. The rise of Great Bear has been going on for the past year. Listen to the DEO describe how his company's price rose as he was raising money.
How Great Bear made Great Gains-Kitco Interview
Can it happen again with Uranium Stocks?
FUN-damentally speaking - How can it not happen?
With Uranium it will be the SPOT Price (what I like to call the FAKE uranium PRICE) that will drive the Uranium shares upward.
Where do you think the price of Long Term Uranium is headed? How fast do you think the SPOT price will rise when operators realize that the primary and secondary supplies are insufficient to keep their Nuclear Power plants going?
If I sound like a broken record it is because EVERONE that understands the Uranium market is saying the same thing in one form or another. The problem has been that too few people get it at this point. Those are the ones who will notice only once the Wayne Gretzky autographed hockey stick gets thrown onto the ice and everyong jumps onto the rink at the same time to get it. Check the AZM chart this past month to see what a Hockey Stick looks like. Hopefully, this will answer that question that I heard so much in the past year. What did it feel like?
On page 10 of the Nov 6, 2019 Corporate presentation, The last bullet reads, it is 2004 all over again. Hopefully soon, it will start to feel like groundhog day.
I just noticed that the Corporate Presentation was released in Nov 2019. My apologies for stating that it was a new presentation.
Nevertheless, I can't help but wonder why are we not talking more about Hidden Bay's potential. Pages 13 and 14 speak volumes when it comes to selecting drill targets at Hidden Bay. This area is long overdue for some exploration to the North West of the Telphone Fault. I'd also like to know what hole numbers are represented by the three red stars on page 15. One of the stars is faded out by the whitish overlay but it is there for all to see.
I'm not a geologist by any stretch of the imagination but hope that we don't focus all our attention on the radon anomolies. We need to check west of the fault since that is where the mined Uranium pearls were located.
I am puzzled by the relevance of the menntion of VLF anomalies in East North East orientation. Does anyone understand the significance of that?
UEX new Corporate Presentation is now available.
UEX Corporate Presentation
Check out the slide on McLean Lake South. The Sue Pearls look exactly like those at Christie lake. Look what lies below the string of pearls at Christie Lake. Paul Bay and Ken Pen.
Check out page 14 to see why we should be drilling on the Hidden Bay side of the diaganol lines along the Telephone fault.
I don't think so. I believe that he has an obligation to release such information within two weeks of getting lab results.
I would not read too much into the tag line at this point other than Uranium and Cobalt. He may include nickel in his thought process but that would leave UEX with the Cobalt and any CoEX spinout.
If there is any long lasting meaning to the Energy Minerals aspect, I would think that it has something to do with future joint ventures with other companies searching for Cobalt in the Athabaska Basin.
Perhaps Roger has identified some other rare earth minerals in his drill results and that's why it's taken so long to release West Bear final results from 2019... At least this is what hoping
NewCoreFish, Uranium and Cobalt certainly are rightly considered Energy Metals.
So can Lithium, but I don't know of any in the Athabaska Basin.
Can Nickel be considered an energy metal? I have never heard of it being referred to in that way but the EV battery revolution might change that. With that in mind, see my copper comment.
Can Copper? It has been used to carry energy for years but I have never heard it being referred to as an energy metal. Besides there is no copper in the Athabaska Basin that I know of.
I think the new LOGO is a very appropriate LOGO for today's Nuclear environment but the tag line has a limited life once CoEX gets spun out. So why put it in at all? That is something that Roger needs to answer.
Short positions still being held.
The short positions for UEX are not being covered a quicly as one would imagine. Why is that?
Given the uranium situation that the world faces today, the fact that short positions are reducing so little over such a long period of time, lends credence to the opinions about short selling being dangerous to the mining industry.
Anyone with average wealth would have covered their short positions a long time ago. These short positions are clearly being held by those rich enough to risk a sudden uptick in price. They are there to squeeze the retail investor out of the market. There is no other explanation and our regulators and politicians need to investigate and stop this damaging trading practice. Our politicians and regulators must fall in line with other jurisdictions and ban short selling on this important industry.
UEX is one of the lucky ones. Short positions on UEX have decreased in the last 3 short reporting periods while other uranium shares have increased this last period.
We are all in this together and all Uranium miners must join forces and speak out LOUDLY NOW! Stop cowering in the corner of the school yard. Show some charater and SPEAK UP! Your silence is killing your shareholders and you have an obligation to your shareholders to speak up.
Interesting read, another company with a leader that formally explored for uranium in saskatchewan now looking to uncover rare-earth minerals with-in Saskatchewan. Perhaps Roger is onto something that he is keeping close to his chest and perhaps the first clue was the changing of the logo and the slogan something about rare earth rather than Uranium. Fingercrossed we need a boost.
https://www.google.com/amp/s/thestarphoenix.com/news/local-news/toronto-mining-company-eyes-rare-earths-near-uranium-city/amp
A clearer message would be.
This is what was stated in today's release.
As expected a news release is released today.
UEX Update
Space X does it again.
This may seem a bit off topic but I post it to remind the world that without miners and mining investors none of this would be possible. It is time to change the world's attitude towards the mining industry.
Space X, is a private enterprise headed up by a visionary, Elon Musk, who is an individual who understands that it takes risk and marketing to succeed launched a new TECHNOLOGY into near space to test an engineering wonder that will save our brave Astronauts in the event that their booster rocket explodes they way that Challenger's did.
This test was the fist of its kind and it succeeded with great success.
It is important to remember that many of the parts going into the Space Program could not be possible without the miners who also need to take risks. If we are to progress as a species, we need to stand up for the mining industry and support it so that it CAN SUCCEED.
Congratulations to Elon Musk and NASA for teaming up to get this wonderful technology off the ground. This is the stuff that prosperity is made of. And to think that it all starts with mining while our regulators continue to strangle rather than help the miners. I understand the need for regulation, but does it always have to come at the price of stagnation? NO IT DOES NOT! We CAN and we MUST DEMAND BOTH Regulation and Facilitation for the industry.
Space X Suceeds Extreme Test
One way to help the miners along is to stand up to your politicians/regulators and DEMAND that short selling on such companies be BANNED. Note my view is MUCH MORE extreme than Eric's is. But I will take whatever I can at this point. See the link below to see Eric's support for efforts to help the miners. Personaly, I think we need short selling banned totally.
Eric Sprott takes on Predatory Short Selling
Great response. Thank you. You should work for the company. That was a whole bunch more confidence instilling than the financial's strategy statement:
"The main strategies of UEX are:
.....
• To advance the evaluation/development process at our 100%-owned Horseshoe and Raven uranium deposits to a production decision once uranium commodity prices have demonstrated a sustained recovery from current spot and long-term prices."
Seems like this says they won't advance these deposits to production "decision" (not sure how that corresponds to production ready) until "uranium commodity prices have demonstrated a sustained recovery from current spot and long-term prices." That says to me they may likely miss the first leg up, or any leg, unless it is substantial and sustained. I hear what you are saying and they likely believe similar to your thoughts but this is worded very conservatively.
My take on joe-techi questions
Firstly, nice to see someone else showing interest in this board. I'd like to respond.
Joe,
Horseshoe & Raven is within 5 KM of Cameco's Rabbit Lake Operations. It may be amenable to Open Pit and Heap Leaching mining. It has indicated and inferred resoures of just under 38 million lbs.
The Heap Leaching process is what Kazatomprom used in its early days to produce low cost Uranium. That said, Kazatomprom wages and environmental costs pale in comparison to a similar operation when run in Canada. Nevertheless it IS a highly profitable way to mine Uranium.
Furthermore, if one reads what UEX has to say on their website, I definitely think that UEX is a strong contender to become one of the more ready junior miners to go into production.
Here is why I think that.
Given that 38 million lbs would not be seen as a major market disruptor, it makes sense to me that Cameco would be interested in Horseshoe & Raven to be used as a carry over supplier once Cigar Lake is tapped out.
Hence, while I don't see UEX ever becoming a producer, Horseshoe & Raven would certainly be a spinout candidate for the reasons that I mention above. In order to be ready for the Cigar Closure, developement of Horseshoe & Raven would have to start sooner rather then later, and that means that any spinout of Horseshoe & Raven would have to take place in the Short Term (relatively speaking).
Add to that, the nearby Hidden Bay HIGHLY PROBABLE additional potential and that whole area becomes a RAPID development candidate (relatively speaking) when compared to other major finds that have occurred over the past few years.
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