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I have had an order in for a half a million shares at .03 but it just wont fill.
I doubt this stock will be trading under .10 for that much longer. Discount days are running out.
Doesnt look like any major news this week though. Stock would start climbing north several days before any big news.
iswt...
I think he is telling you to buy as many shares as you can afford as it will only be this low temporarily. Thats what I got from them anyways!
...im pretty sure it will! em
I would look for the NI results to be put out towards the end of next week.
I will be buying quite a bit more early next week.em
Has anybody else been doing some bottom fishing?
Get ready folks! I believe things are just starting to heat up!
I would look for a spike in the stock price prior to the release. There are people who will be given an opportunity "first" if you know what i mean to buy before the actual release comes out. Insiders own a lot of shares and they want this thing to fly sky high. Over the next few months look for all of this to take place. NI's, TSX, uplisting etc. They want this to go in the dollars. Remember though, when you see another spike in the stock price on no news know that the string of news is getting very close.
Umining already recieved the NI's otherwise how would colonel Krilich know that they were very good??? The company has the NI's and is waiting for the right time to release it.
The NI's will be good! em
I have a feeling we are going to see another pop here soon. em
none yet, still digging
"In spring 2007, the Company retained the services of the geologist firm "InnovExplo" (www.innovexplo.com) to conduct a full NI-43-101 report on this property.
According to the latest correspondence with the Chief Geologist, the Company will receive the final results before the end of August 2007."
*If UMNG recieved the NI-43-101 this week from the geologist like stated on the company website, I would expect atleast a couple of days to even a week in order to put the 43-101 in PR form. Hopefully we will get a PR stating that they recieved the 43-101 and are doing that.
Are you thinking possible uplisting to otcbb by merging with MRES which leads to merger with tsx shell? All of which cortellazzi has his hands in??
If amhd were to actually start producing bio-fuel from all of these plants...this stock would fly high. I wonder how close they actually are? I'm surprised it trades as low as it does.
Anybody hear about a connection between amhd and umng?
No,
I believe we will see a stronger rise in the stock price prior to its release.
**Lets take a vote: You can reply either YES or NO.
Do you think that Umining will announce news this week in regards to one or more of their 43-101's?
Loanstew, you are very right in what you say. Lets see if things change. I'm in it for the possibility that what they are saying... they will do. If they do what they say we will make a ton of money here and i mean ton. If they dont do what they are saying then nothing. I still completely agree with you in regards to the pr's etc. Many questions unanswered, and statements incomplete. Those who are invested and continue to invest in UMNG are taking a big chance. A big chance with a massive payoff! Lets see if we hear anything by this upcoming weekend.
Bringing it down on buys again?
I'll have to check it out. Thanks
Big News to be announced Tomorrow??
I believe we will see a climbing stock price!em
This is from their website:
"In spring 2007, the Company retained the services of the geologist firm "InnovExplo" (www.innovexplo.com) to conduct a full NI-43-101 report on this property.
According to the latest correspondence with the Chief Geologist, the Company will receive the final results before the end of August 2007.
Based on recent privileged information made available to our Company by an external third party who conducted geological surveys on our properties, management discovered that in a key specific area covering 2 square Kilometers, Uranium would be present at approximately 2-4 meters below the surface. This would allow the Company to extract the uranium via the open pit mining method rather than the underground (box cut) mining technique, which presents unique economic advantages."
Uplisting is also still planned to take place at about a month from now.
If what I believe is beginning to transpire with UMNG in regards to its mining claims and now bio-fuel business with the current share structure there is a definite possibility for this stock price to appreciate into the dollars. This is all my opinion as you know nothing is written in stone, and with this companys past we all can recognize that. None-the-less if these things that UMNG claims to be doing actually take place, BIG MONEY to be made and I mean BIG!
$1.00 is coming! em
How long do you guys think until take-off? em
It wont take much buying pressure at all to move this stock price much much higher! If your on the sidelines it might be a good time to get in before the rush. Once the buys start coming in look out.
Things are heating up. em
analogdog,
What is about to be unveiled?
Are you talking about the 43-101's?
Klon...where have you been?
I wonder if some will try to bring this stock down for another low ride again before another spike?
Howard,
You must know something very good in regards to UMNG.
It seems we might be at a new bottom in this stock. .04-.055. No shares traded as of 11:10.
Daily Reckoning Special Report #2: Uranium Market
Uranium Demand
The demand side finishes the bullish picture for uranium. The main catalyst is the move to green energy. Nuclear power plants have no carbon emissions. The growth of nuclear power is just beginning, but planned production is expected to greatly increase the demand for uranium.
Here is a list of the amount of power plants planned for production: U.S., 34; China, 40-plus; Russia, 42; S. Korea, 11; and many others. That is combined with the 448 nuclear power plants currently in production.
The end result of this is an annual rate of consumption currently running at 188 million pounds of U3O8 per year, compared with an annual mine production of 100 million pounds of U3O8 per year. The difference is made up in excess ore pilings and old Soviet warheads being converted into nuclear fuel.
For a brief snapshot of the market, last month, active supply (the amount of U3O8 for sale) was approximately 2 million pounds. Active demand (buyers currently seeking uranium for shipment) was 4.4 million pounds. These buyers are the reason that the price of yellowcake has been getting bid up at such an extreme pace. And not all of these buyers were able to secure U3O8 for shipment.
The uranium market is very transparent. This makes the supply and demand fundamentals extremely easy to read and interpret. Supply disruptions have increased the shortages of available uranium for delivery. Junior and intermediate miners are all racing to get production online, but the general public has trouble understanding the time and money it takes into turning these properties into profitable ventures. The use of nuclear energy as an alternative to carbon-based fuel sources has really set into place the emergences of a fantastic bull market.
There is going to be a very innovative way to play this market. This fall, a nuclear energy ETF will be released here in the U.S. It is set to follow the DAXglobal Nuclear Energy Index. This is an ETF that invests in the following fields: uranium mining, uranium enrichment, uranium storage, nuclear power plant builders, nuclear fuel transportation, nuclear equipment and generation. Market Vectors is the company that is getting the U.S. version of this ETF up and running. This is really exciting stuff, and once this ETF IPOs, its price will very likely jump, being that it is one of a kind here in the U.S. Given a good buy price, this one is a safe and potentially highly profitable way to play the uranium market. Sign up for the Daily Reckoning Free Daily Email.
Bonus Report:
Washington and Wall Street just perpetrated one of the biggest stock market FRAUDS of the last 100 years. And they're just getting started, too. I think you know what I'm talking about. After all, every politician still babbles on about it. Every hype jockey on Wall Street still wants you to buy into it. In fact, I'm so sure you've heard way too much about it… you've probably got it pouring out of your ears. I'm talking, of course, about the so-called liberating, enabling, America-saving, ever-lovin', environment-protecting "miracle" of the alternative energy scene…Ethanol. To read on click here.
Daily Reckoning Special Report: Uranium Market
A "Yellowcake" ETF
On July 24, Westinghouse Electric signed a deal to build four nuclear reactors in eastern China. The price tag on the deal is $8 billion. This is just one tiny piece of the puzzle. China plans to spend approximately $50 billion to build 30 nuclear reactors by 2020. This will increase its nuclear energy production by 40 gigawatts. That's basically enough power to supply all of Spain with electricity. The growth in the nuclear market has resulted in a very large increase in the demand for yellowcake.
I'm not talking about the cake your grandmother brings to your birthday party, either. I am talking about refined uranium (U3O8). The price of uranium has seen a kind of growth second to no other commodity, equity index, or virtually any other investment vehicle available. From 2003 to the present, the spot price of uranium went from $7 to $130 per pound without declining once. That's a 1,700%-plus increase over a five-year span.
I'm here to tell you that this amazing price run is not over yet, not even close. In fact, this market is just barely starting to catch the public eye, but once it becomes mainstream, the uranium market will really take off.
What is the deal with the press releases using such terms as "imminent" & "Timely basis" and nothing ever coming out of them? We might have believed them the first time but three strikes and your out! Whats up with press releases that also never give the names of the companies or institutions they are doing business with or talking with and never any concrete facts about the deal or situation? Why? Do they think that investors are that stupid to throw their money into a company that issues press releases that a third grader could write?
Hey, I believe there is a huge opportunity out there in uranium stocks. Like I have said before demand is going to seriously continue outstripping supply. There is a large number of nuclear power plants that will be going online over the next several years which is going to make the demand even stronger. This company still has a very attractive share structure with very attractive claims. If they can get their act together it can be HUGE...but with press releases like the one the company put out today they will be turning away investors.