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Forum Uranium Corp. (FDC)
As of February 4th, 2011
Filing Date Transaction Date Insider Name Ownership Type Securities Nature of transaction # or value acquired or disposed of Unit Price
Feb 04/11 Feb 02/11 Wheatley, Kenneth Lewis Direct Ownership Options 50 - Grant of options 50,000 $0.300
Feb 04/11 Feb 02/11 Cowan, David John Direct Ownership Options 50 - Grant of options 25,000 $0.300
Feb 04/11 Feb 02/11 Mazur, Richard James Direct Ownership Options 50 - Grant of options 150,000 $0.300
Feb 04/11 Feb 02/11 Steeves, Michael Albert Direct Ownership Options 50 - Grant of options 25,000 $0.300
Feb 04/11 Feb 02/11 Balme, Anthony David Nettleton Direct Ownership Options 50 - Grant of options 100,000 $0.300
Feb 04/11 Feb 02/11 Okada, Larry Minoru Direct Ownership Common Shares Stock options 50 - Grant of options 25,000 $0.300
More good news and more too come. http://www.marketwire.com/press-release/Ian-Stalker-Joins-Forum-Board-of-Directors-TSX-VENTURE-FDC-1389152.htm
Hi. I think this may be a prime time to buy some more Forum. Not to be a pumper but after this small pullback and the uranium price rising and Forum drilling on Henday. What do you think?
Sounds good. Hopefully we have another Roughrider type at Henday. If so, combine that with a rising uranium price and we will have a winner in 2011. How are the Coffin Bros by the way?
Hathor releases great news today on Rough Rider. More high grade uranium. This should be good for Forum. Buying on this pullback.
I like your joke at the bottom of your post. Lol..
Hi. I'm not sure if he recommended Fission Energy before but they did do very well. From what I read Fulp is very respected and this should be very good for Forum. Very good timing also. Cheers.
Mickey Fulp recommends Forum Uranium http://watch.bnn.ca/#clip379238
Hello. Do you think Forum will hit High grade uranium drilling with Hathor starting in January? Forum seems to be in the right areas. Pinetree Capital keeps acquiring shares of Forum lately. I think we will be pleased with the results.
More good tax info. Should be good for Mega U. http://www.marketwatch.com/story/rio-tinto-original-mining-tax-plan-is-dead-2010-06-25
Would have been nice to see a new website at the same time of the name change. I thought the new ticker was "PIT" ?
FJ, will this board still be here since the new name change ? Will Investors Hub change it to Pitchblack?
I sure wish I would of waited to buy in at this time instead of .64!!!What a great time to buy now. But I got the Austrailian tax bomb dropped on me. Who would know of such a stupid idea was coming. Well, if it doesnt pass this stock will explode from here. I think it was just to get the public behind these politicians when they well know it was the mining industry that saved their ass from the meltdown. This crap tax is not gonna pass... Whats the logic? If 30% tax is good why not 40%? Well, why not 70% and so on.... Real smart!!!!That logic never works. Thats why were(U.S.) not socialists. Athough we seem to be sliding that way with the latest election. In three years or so, uranium producers are gonna be doing awesome. Its either coal, solar , wind mills, or nuclear. Look at those four. What would you pick to be the best! Lol... Its coming but its been a hard road.
Anyone know any news on the reverse-split if it passed? I voted via internet. Also did the name change pass? I kept all my shares through this change. I believe this company will be much better in the future. Please post any info if you got it . Thanks.
Nice going Mr. Basil Botha! Lol....
Bloomberg
Kepco Is in Talks to Buy Australian Uranium Assets This Year
May 10, 2010, 1:52 AM EDT
By Jason Scott
May 10 (Bloomberg) -- Korea Electric Power Corp., South Korea’s biggest electricity provider, is in talks to buy Australian uranium assets this year to meet demand for the nuclear fuel, an executive said.
“We’re talking with some Australian companies, so I think we can get a result this year,” Chung Jae Wan, general manager of the energy resources team at the utility known as Kepco, said in an interview today. Kepco is open to buying a stake in a project or a company, he said.
South Korean uranium demand is expected to double to 8,000 metric tons a year by 2020 because of increased construction of nuclear power plants, Chung told a conference earlier in Perth. South Korea, which imports about 97 percent of its energy requirements, plans to add eight atomic plants by 2016.
Kepco wants to buy mines that are in the construction stage, and isn’t interested in companies that only have exploration projects, Chung said. The Seoul-based utility is now progressing toward its goal.
“Given the uranium price, operating costs need to be reasonable,” he said. “If they’re too high, it cannot be developed into a mine. We need to be very cautious. We need some projects with reasonable operating costs which can be developed into mines under the current uranium price.”
Spot-market uranium prices fell 6.7 percent between the start of this year and early May on reduced purchases from China and concerns about U.S. Department of Energy plans to cut uranium inventories.
Resources Tax
In remarks to the conference, Chung said Kepco is “taking steps” to increase its holdings in uranium resources. “We will need one or two investments in uranium mines every year,” he said. Kepco is keen to buy stakes in uranium mines in Africa, Mongolia, Australia and Europe, the company said in March.
South Korea currently operates 20 nuclear power plants and had imported its uranium mainly from Canada, Australia and Kazakhstan until Kepco invested in overseas mines last year.
Australia’s proposed tax on resource company earnings won’t have a bearing on the South Korean company’s potential investment because Kepco is focused on uranium security more than the profitability of any purchased asset, Chung said.
“Kepco is a very big company,” Chung said. “We don’t have any limits in our investments. It depends on how attractive the investment is to Kepco.”
Stories on Korea Electric Power: 015760 KS <Equity> BN <GO> Stories on South Korean utilities: TNI KOREA UTI BN <GO> South Korea’s energy statistics: ENST <GO> Top energy stories: ETOP <GO>
--With assistance from James Paton in Sydney. Editors: John Viljoen, Ryan Woo.
To contact the reporter on this story: Jason Scott in Perth at jscott14@bloomberg.net
To contact the editor responsible for this story: Amit Prakash at aprakash1@bloomberg.net
China is gonna want Cash's Mongolian uranium. Its very close to the border of China. It's about time for the new website. (Australia is stupid!)
Just posting an email. More info for anybody who didn't recieve it. Please take a look at the attached Press Release which Cash Minerals has issued this morning to announce the acquisition of an exciting portfolio of uranium properties in Mongolia.
The properties include three which are well advanced, with historical Soviet mineral resources (Not NI43-101 compliant, yet) which have, in-part, been verified by drilling completed by East Asia Minerals.
As you are aware, Cash Minerals has been pretty inactive for almost two years, due in part to a declined uranium price and the world financial situation. Since my appointment in January I have been reviewing current assets, primarily the Wernecke uranium properties, a few scattered gold/base metal properties, including the Mike Lake project, and the Division Mountain Coal Project, all in the Yukon and have been becoming familiar with various outstanding corporate issues.
At the same time, I have reviewed many potential new opportunities upon which to rebuild the company, with a continued focus on uranium projects. I believe that this acquisition is the first step towards reaching that goal.
I was in Mongolia last October-November to review the data on these properties and was impressed by the changing political and economic reforms there. With the signing in July last year of an Investment Agreement between the Government of Mongolia and Rio Tinto and Ivanhoe Mines to develop the massive Oyu Tolgoi Copper-Gold Deposit there is an air of optimism and new mining investment capital is flowing into the country once again.
We believe there is a future in the uranium industry for junior explorers like Cash and continue to review other potential acquisition targets.
I look forward to working with our shareholders to revitalize the Company.
Unfortunately, I continue to apologize for the website being woefully out of date; we are working on that, soon it will disappear for a couple of weeks entirely, then a new, more informative site will emerge. Thanks for your patience.
I am heading to Mongolia in a couple of days to join with Sarah Palmer, Cash’s Exploration Manager, who has been in Mongolia for a few weeks working with our new Mongolian associates, to plan the details for the first exploration program, expected to commence in July. Should you have any questions regarding this acquisition please send me an email and I will either reply by email or call you upon my return after May 19th.
Regards
Shareholders, Associates & Colleagues
Just in case you missed our second press release this week, I am sending you an announcement we made this morning regarding a second transaction I have completed with Forum Uranium to earn a 60% interest in their North Thelon Uranium & REE properties in Nunavut.
Located west of Baker Lake and immediately adjacent to Areva’s Kiggavik Deposits (114M-lbs uranium) I believe the property has excellent potential for a substantial discovery. Although perhaps at a slightly more grassroots level than the properties within the Mongolia Uranium Portfolio which we plan to purchase from EAM Exploration LLC, announced in our press release yesterday, work completed by Forum has already identified a number of good drill targets, some of which we will be testing this summer.
The properties also have an exciting, newly discovered REE anomaly, “Nutaaq”, which we also intend to follow-up on this summer. Field work will begin in July and drilling is likely to be conducted during August, depending on drill rig scheduling.
In both these new projects we plan to utilize the existing technical teams who have been working the ground for several years, which gives us a tremendous head start; they know the geology, logistics, environmental issues and local politics very well. It will also allow Cash to keep our overhead low by not having to assemble new exploration teams.
I am quite pleased that I had a number of comments and questions from shareholders and associates regarding yesterday’s announcement and have already had a few emails today after the attached release was issued this morning. Please bear with me over the next few days as I attempt to reply to everyone. I am actually heading to Mongolia tomorrow but I promise to get back to those who require a response.
As time allows over the next few weeks, we will be updating our website with technical information on these two new, exciting projects.
In the meantime, should you have additional questions or comments please feel free to send me an email.
Thanks for your support and patience as we start moving Cash forward.
Regards
Looks like they are going for Rare Earth Elements also. This is really good news. http://www.marketwire.com/press-release/Cash-Minerals-Signs-Option-Agreement-Explore-Uranium-REE-on-Forum-Uraniums-North-Thelon-TSX-VENTURE-CHX-1159116.htm
Was wondering if you read the news.Look at CHX volume. Maybe this dog will go somewhere finally. http://www.marketwatch.com/story/cash-minerals-signs-heads-of-agreement-to-purchase-100-interest-of-eam-exploration-llc-from-east-asia-minerals-corporation-2010-05-04-832280?reflink=MW_news_stmp
I thought it was strange that Valencia Ventures gets a new ceo on the 27th and Cash's volume goes way up the same day. Maybe just a coincidence but I dont think so. Something is going on quietly and I hope its good. Who knows though.
Lame. On a .035 stock thats a 15% charge. Commission everywhere. Cash has a special meeting in about 6 weeks says Sedar. Maybe their waiting after that for any kind of news.
Maybe the volume yesterday was related to this news. I'm not sure if this could benifit Cash Minerals. http://www.marketwire.com/press-release/Valencia-Appoints-Fred-Leigh-as-President-and-Chief-Executive-Officer-TSX-VENTURE-VVI-1154509.htm
Good article. Thanks
Higher volume on CHX. 1.6 million so far. I cant find any news though. Did your limit trigger today?
Anybody know why this stock is falling? Something i'm missing? Making me a little nervous. Still in at .64. I would appreciate any info . Thanks.
Southpen, Was that you who picked up over 435k shares today?
All I know is from the email Mr. Currie sent me. It started out by saying(My apologies for the delay in reply but I have been out of the country with limited email access). Maybe they are quietly trying to get funding. I think they are going the uranium route from the info in the email. They also appointed Dr. Sarah Palmer, PhD, as Exploration Manager. She worked with uranium. Mr. Barhti bought shares in Feb. so that looks positive also. I check for news everyday so I am just waiting patiently. I really hope this will work out well cause I'm getting pounded down on my 53k mgaff shares. Mr. Currie is also President of Gwynva Resources Management Inc, a private mineral exploration consulting firm, so that may be another positive. Thanks.
I think someone is manipulating this stock down. When I purchase shares it is usually brought back down with very little volume. Who is only going to sell 100 shares or so at this price? Notice this?
Cash Minerals Ltd acquired the entire share capital of Tau Mining Ltd, a platinum and nickel mining company, from Dynamite Resources Ltd. In consideration thereof, Cash Minerals has issued 22,750,000 common shares of Cash Minerals (the "Cash Shares") and 11,375,000 common share purchase warrants of Cash Minerals (the "Cash Warrants") (the Cash Shares and Cash Warrants collectively referred to as the "Cash Securities") to Dynamite. Each Cash Warrant entitles the holder thereof to acquire one Cash Share at an exercise price of $0.10 at any time prior to May 5, 2011. The Cash Securities have been distributed to Dynamite shareholders as at the close of business on May 5, 2009 as part of the plan of arrangement between Dynamite and Avion Resources Corp. that was completed on May 6, 2009 (See Dynamite Press Releases dated May 6, 2009 and March 19, 2009.
They picked it up last year from Dynamite Resources. The Kokomeren, Barskaun, Arabeslsu and Moldatu properties (collectively the "Kyrgyz Properties") represent four mineral licences located in the Kyrgyz Republic. Gold/uranium.