Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Agreed, similiar thing happened with sino forest. down 60% then bounced 20%. Chances are that once the repurchase plan runs out and this isnt settled it's going to start the classic decline. Unless theres some good news of course. Fact remains that the sentiment is now "tainted goods". But im no expert, this is only speculation. I've read the full report from muddy waters and i have mixed feelings about it.
Agreed, I'm gonna add in a position tommorow so im in line for the end month payout. HOPEFULLY they announce the 3rd quarter dividends soon. I'm expecting them to be less, maybe by a cent just because the interest rates are "supposedly" going to increase intrest rates for borrowing.. but this is just speculation.
Well as ive said many times before, I'm holding till septemeber
Uranium Spot price up 1.25 to 57.75
I also added more in today at .7844.. I am VERY confident that We are going to see alot of green over the coming months.
this is honestly making me drool just thinking about much money this is going to make me over the next few months.....
looks like some nice green going on, hopefully it keeps up
I'm not worried, she said that the committee is meeting this month so they might come to a decision sooner then we think.
REPLY:
"To this point there has not been any official word from the Nunatsiavut government regarding the moratorium being lifted or extended.
As taken from the minutes to the Second Assembly of the Nunatsiavut, 1st session, 1st sitting, a review of the draft land use plan was due to be completed by the end of March 31, 2011. This process was behind schedule and the two levels of government (provincial and local) approved an extension that must now be submitted by September 2011.
Also taken from the question period of this assembly, the legislation states that the moratorium shall be revisited after March 31, 2011 with no date given and that no extension has either been requested. It is entirely up to the assembly to review or revisit the moratorium deadline.
I recently did read from a report that the Assembly is scheduled to meet sometime this spring, possibly this month. Kindly get back in touch with me sometime later this month to see if anything like this has occurred and if any official comments are made.
A link to the Nunatsiavut website follows; *http://*www.nunatsiavut.com/index.php?option=com_content&view=frontpage&I
temid=1&lang=en .
In the interim, the share price of Crosshair has dropped due in part to a financing that came out of its four month hold period that was in the money and also due to general market weakness. Crosshair is not alone in this regard and I would expect to see a change in this pattern as selling pressure subsides and news flow from the three work programs the company announced - the first of which begins on Juniper Ridge, later this month. I would also hope that a more positive sentiment in the uranium sector helps to bring back into focus the demand and supply fundamentals that once drove the uranium sectors re-emergence late last year as well."
I just sent them an email asking about it
Agreed, I'm 100% long on Crosshair. I emailed Crosshair asking for more information on when the date is that they will hear if its being lifted or renewed.. so hopefully I hear back soon.
what i mean is, if it does get renewed and the summer program is cancelled, share price will drop, if it doesnt get renewed and we're open for business I dont think we will see what warrenbuffetjr is foreseeing, 1.75 by june is very optimistic. I hope he is right.. but we shall see i guess lol. Thats all im saying
Because I beleive the share price is already reflecting that it will be lifted in time for the summer project
****Also, If it stays at .79 till the end of the day, it'll form a reversal, PLUS its beating the market right now, which means the buyers arnt thinking, i want mining stocks, they are thinking, i want Crosshair.. Just thought id throw that in there lol
The Moratorium is actually a big deal.. because since 2008 they havnt progressed on a property that has 50% of their mineral assets on it. It wont jump up if it doesnt get renewed because everyone is ASSUMING that it will get lifted.. if it doesnt and it gets another 3 year renewal, that will definitly drag us down lol. But even still i wouldnt sell, I have a firm faith in this company.
So judging that there hasnt been a post in 4 days, everyone is just kindof holding at this point? haha
Good stuff, yea i'll be picking up some more if it dips down into the 70's. Not too worried, Crosshair has all its ducks in a row.
I agree with your earlier post though lol
Hm.. slow morning.. on the upside the book value went up 1 cent lol.
I appreciate your input, especially since it sounds like your watching the technicals a little closer then i am. But I guess we just wait and see where Crosshair takes us.
Not an intraday chart, All i said was if it manages to close in low 90's it'll form a reversal pattern, just my high hopes talking lol
yea no worries, i think tommororw morning should be interesting ethier way.
Agreed, but when i say reversal i dont mean its going to sky rocket, it might go to 1.00 or so and then retreat again. Even so, candlesticks arnt 100% accuarate, I'm just saying the technicals are starting to look better lol
Yea i would be buying more but im also out lol. I was actually planning on flipping it at a dollar and buying back in low 90's but it only stayed at .99 for about 3 seconds this morning lol. I'm kinda hoping it gaps up tommororw and back down on friday.. even right now the charts looking pretty good. RSI will be back into the oversold range and candlesticks are showing a weak reversal.. nethier are STRONG indicators but something positive is better then something negative lol
If this closes around .93 -.94 the technical chart will literally go from strong bearish.. to strong bullish because it will have the biggest hammer reversal ive ever seen lol .. a hammer reversal with a variance of over 15% is going to send an alert to anyone to uses a trend program.. and hopefully that will make a small rally.. but its just wishful thinking on my part lol
Yea, URRE being in the green is kinda strange, which is really weird because its book value is .35 lol. But let me put it this way, if Crosshair liquidated everything it had right now and redistributed to shareholders... we would actually make money lol. Tehy have a book value of .93.. which is actually inaccurate now with golden promise having an updated estmiate. It should be higher. People are just scared because its going down, which i can understand if this company didnt have anything solid to stand on. But crosshair and paragon pulled together 430,000CAD from golden promise.. on 314 Oz of gold.. and there is still 89,000 more Oz left down there. plus they have 2 projects that are bigger then Golden promise. I know everyones all on edge because they're watching the value of their portfolio decrease, But like i said before, it could drop into the 70's today and i would still hold. If its still down a month from now, i'll probably buy more lol
People see the selloff's and get scared, its market wide right now. 3rd Day in a row for selloffs in uranium small caps. So its not Crosshair failing as a company, people just havnt warmed back up to uranium lol
Like i said before, i never expected a PR to shoot it up. I bought in because it's a solid company, with solid numbers and Golden Promise adds to that, It has alot of potential. I actually owned stock in a company very simliar to this, New Milenium. Went from .70 to 1.44 then back to .80. a year later it toped out at 4.65 and is now sitting at 3.25. Now i dont think Crosshair will go that high in a while, but i do beleive this is a smart investment. Crosshair has one of the best financial situations ive seen in a small cap mining stock. Plus they have a Ton on the go, And they arnt working alone, the majority of their projects are joint interests. So im truthfully not worried that its dipped a bit, people are just fearful. It could open today at 70 cents, and i would still hold.
I dont beleive its going to shoot up ethier, but i have no doubt that over the next few months it will average higher.
Thats very nice news..
Agreed, I'm not worried, considering the majority of the smaller uranium companies are selling at around book value as well. So i wouldnt attribute the fall in share price to Crosshair itself. The news about the gold isnt just something "pumpers" made up. If the PR comes out saying that the 2008 estimate was right, that means that Crosshair has a 60% interest in 89,500 Ounces of Gold, which I beleive they acquired for 5 million. As it stands right now, the number included in their book value, and in their financial statements for Golden Promise is 6 million. SO if it turns out that the estimate gets legally confirmed, they can include that number in their financial statements, and theoretically their worth as a company in just sheer assets could more then double. That being said, I'm not telling anyone to buy, im just stating that ive done my research and this was my reason for buying. will CXZ double in the next 2 weeks.. highly doubtful, theres alot of politics involved with apprasals, they need feasibility studies, more estimates.. etc.. But is this a sound long term investment? I'm betting So.
Well i guess its just a waiting game now, another slow morning.
Yea, their corporate summary is pretty good too.. Also on a side note, cause i know everyone is wondering.. i emailed Crosshairs investor relations, just the email they give on the website, and they said the bulk sampling will be publicly relesed within 2 weeks, the 2008 estimate was 89500 ounces of gold in the property.
Added in at 1.10, hopefully we've got a rally coming soon.
Hm... I'm actually going to wait a bit longer before adding to my position.. simply because of the technical chart.. RSI keeps climbing while price keeps falling... To me that spells continued downtrend, but im no expert with technical charts, It could very well jump tommorow and i've missed my chance. Can anyone else confirm? opinions? I'm still obviously long on CXZ, no questions, but if this is going to dip down into the 90's again, i'd like to wait till then to add in.
Yea, if it goes back down to around 1.06 or 1.08 i'll be doubling my position for sure.
For sure, Even from a technical standpoint this is a ridiculous bargain.. With a book value of .98 , properties valued at 31 million, 10 million in cash, and only 8 million in liabilities.. this is a hot buy, I havnt seen a small cap mining company look this good since 2008.. I plan on buying up as much as i can while prices are down.
Well, i would certainly be pleased with 2.50, I honestly can't see any major reason it would stay down.
Good stuff! Although its been fairly weak so far this week.. considering the RSI is just starting to dip below the 20's today my fingers are crossed that we see a nice bounce around thursday, it would be nice haha.
Agreed, Its massively oversold like every other company involved with uranium. Lots of opportunity in this one for an easy 30 - 40% return
I also jumped in this morning, bought 9K shares.. I'm going to hold for a couple months, hoping to get out at 1.65 . It doesnt look like it'll have the momentum to get back into the 2.20 range for a long while