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CEO.CA members discuss high-risk penny stocks which can lose their entire value. Only risk what you can afford to lose.
@murat@greg updated thx.
$WUC chart only has 1 week data on Yahoo (which is our free tier data feed) so there isn't much i can do to fix it.
BUT if you enable our paid CSE Pro account, it'll have full real-time and historical charting, from our paid data feed
anonymous@Excelsior The great thing about this rally is that we are now seeing which companies have the torque as the underlying commodity price moves up. It's like the market "showing its hand". I still think we're going to get a massive correction prior to the "big move", as it will take time to eat through the supply overhang. Long #UUUU#WUC#DNN and will be adding some #GXU once it comes back down to earth.- SFtrader
@Pon$GXU, $WUC, and $UUUU are currently in my portfolio. I've recently sold my positions in $UEC recently. Choosing the right company is very important right now, we don't want to be stuck with in poor performer in a bull market (one day). But I don't find $WUC very liquid. From an earlier report ( from 2016), I recall the $/lb for U is quite low for $WUC, like $0.33/lb, and George Glassier headed $UUUU in the last major rally, so I think $WUC should have a lot of potential. Anyone have feedbacks on $WUC? I'm still new to #uranium investing as U just caught my attention last year.
@greg@Pon;if you go back to Dec 1st, 2016, there are some helpful posts on the western uranium chat channel from several investors regarding $WUC. I own some and am in L/t, and I like particularly the potential for multiple income streams, including U, V, ablation leasing, environmental clean-up services, and toll milling. The permit for Pinyon Ridge is very valuable, the mgmt team is A plus, and future equity/debt raises for the mill, etc. will help the liquidity, may happen once the U price rises to where they feel they can make a profit. #uranium
@greg@Pon, on the Palisade interview, I heard what will also certainly help liquidity, which is possible future listing on TSX, NASDAQ, and/ or NYSE, rather than just CSE and OTC. So many funds and institutions need those listings to trade the stock, especially indexes.
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@greg@Lukester599, I agree with your comments regarding "current" market valuation of a mill permit. The market not only values the mill permit as zero, but the ablation technology as well (or near zero).This part of the $WUC speculation is about the future, assuming a Uranium bull market, I'm looking at one Uranium hard rock mill (White Mesa) in the US, with probably 3-5 years to permit a new one if you could actually find a community to ok it. Western claims they can have it built within 18 months of a go decision. In my speculation mind, the permit does have future value, a time value and scarcity value. Its part of why I like the company; its certainly full of ifs though. Cheers
@Pon@Greg thanks. I've been closely following ceo since I take people's comments more seriously here. I watched the recent Palisade video with George, and heard their attempt to improve liquidity. $UUUU is great imo, being the second biggest producer, ISR, Copper discovery, all that jazz. I think $WUC have potential, and based on their $/lb and management, I suspect it may do better than $UUUU if $UUUU management decides to screw everyone over
@Vaughan$WUC still advertising the ablation process in their advertisements even though the US Nuclear Regulator Commission provided an advisory opinion that ablation should be regulated as a milling operation which is considered unfavourable to ablation processing by $WUC. #uranium
@greg@Vaughan, what you wrote is true, although according to Russell Fryer, co-founder and Director of $WUC, (from a phone conversation about 2 months ago) there has been an ongoing discussion with the Commission and WUC lawyers about a revision and clarification to that opinion. I will call him this week to get an update.
@martin@vaughan@greg Ablation would save considerable expense if used at the mill. Doing it on the mine site is preferable to save transportation costs. Either way it's a money saving process. $wuc$wstrf
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@greg@martin,@Vaughan, I spoke to both Russell Fryer, DIR, and George Glasier, CEO this morning. $WUC has had several meetings w/ US NRC staff, and most recently met w/ 3 commissioners. 2 spots are open and will be appointed by Trump admin. The acting chairman is in favor of a revision to the advisory ruling, which was a staff advisory, not a commission ruling. WUC is preparing a "white Paper" for both Colorado and USNRC regarding this issue. Stay tuned...Depending on how this works out, WUC has other options, including mobile milling as an extension of the Pinyon Ridge facility. Other stuff:raising about another $1m cdn, which will fund the company till end of 2017, which will include producing larger amounts of ablation sands for testing by Colorado Health. Also, the company expects a ruling within 2 months regarding lawsuit brought against Colorado Health by "sheep mtn alliance" regarding Pinyon Ridge licensing process. .....The $26 spot price is not favorable to starting up the Sunday Mine complex nor financing the construction of the Pinyon Ridge mill. George Glasier's # 970-864-2125 in USA.
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@martin@greg It's good to hear about the work being done with the NRC. I took part in the financing. I am hoping they will soon officially bring the Pinyon Ridge project into Western Uranium.
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@greg@martin, George Glasier mentioned he was finalizing the transfer of the Pinyon license, presently owned by Pinyon Ridge Corporation, 50% owned by George, 5% by his wife, and 45% by Russell Fryer. I didn't know that till today.
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@schischiWell if Glasier and Fryer own Pinyon it should be a no brainer that they transfer the license to $WUC . Not allowed to use Ablation Mining will be a much bigger issue - right ?
@greg@schischi, they set up this corporation to avoid paying the $120K that Energy Fuels was paying for a license fee. The past few years Pinyon paid $600 per year. Once WUC earns revenue the fee goes back up. Ablation at new and old mine sites is a competetive economic advantage, affects total cost structure. Big issue, but it isn't an all or nothing one. One of the future income streams envisioned was to get paid by US gov't and Colorado to clean up the many (1000 plus) legacy U sites, some of which blow U dust into the air and pollute water. That idea is in limbo, along with uneconomic lo grade mines using ablation prior to trucking long distances to Energy Fuels mill in Blanding, Utah.
@Excelsior@SFtrader - I'm not too familiar with $EU and just had someone PM in the last 2 weeks about them, but all I remember is that they have some JVs with $UUUU and may be getting into production mix. It reminds me to bring up $WUC as well due to George Glassier's old connections with Energy Fuels, and they are also near term producers.
It's about to get interesting in the US with all these smaller insitu miners. I wonder if they'll get consolidated into the Cameco's & Energy Fuels of the world, or if 2-3 will join together into a larger operation?
@SFtrader@Excelsior- Yes, given their size, I can see the potential for some major consolidation going on. I recently heard about $EU from looking into one of the investment letter writers. I believe they have a 30Mlb Insitu project and that Energy Fuels $UUUU is a major shareholder and under$10M market cap. I own a decent position in $WUC, as I really like what George Glassier is doing with the company, acquiring assets and sitting tight until the prices are economical for production.
@Excelsior@MiningBookGuy - I believe anyone listening to Palisade could have gone as Collin talked about that Palisade Hard Asset Conference a few times leading up to it. Jeff Berwick hosted it with him, and Bix Weir was there, and David Cates from $DNN$DML Denison was the Keynote, and George Glassier from $WUC was there. You just had to fly down to
Here's the next one with a lineup of speakers. I didn't see @MiningBookGuy on the roster (YET):
* This Bix Weir #VIDEO was my favorite from the conference as it was right as he arrived, and he just makes me laugh. They'd be a fun crew to throw down with.
Bix Weir LIVE From Anarchapulco!
RoadtoRoota Feb 23, 2017
"Bitcoin is on a roll with little resistance until around $1,400 so load up!! I'm down in Southern Mexico after Amy & I endured many hardships getting down to the Anarchapulco Conference but we make it! Resting up tonight for a big day tomorrow with lots of great speakers and what's sure to be a memorable party afterwards."
@MiningBookGuy - Correction:
** I remembered this audio from David Cates coming out around the same time, but now realize that Collin's event may have been a few days before Anarchapulco. That event above was Feb 25-28th, but this audio is from Feb 22nd. (listen to the 27 mins and 43 sec mark at the end of this video and you'll hear this the smaller conference that was in Belize - Palisade Hard Asset Conference)
--- I apologize for mixing the 2 conferences up above, but they were back to back.
David Cates: Welcome to The Uranium Supercycle
BY COLLIN KETTELL ON FEBRUARY 22, 2017
@Excelsior@MiningBookGuy - Here was that event for the Palisade Real Asset event: (for clarity)
Feb 15-19, 2017 in Belize [to attend you needed to be accredited and vetted]
"As many Investors already know Hard Assets and Real Estate are the two single best ways to protect and grow your wealth…
That is why Palisade Global Investments is teaming up with The Real Asset Investor team and one of the largest Real Estate Developers on the Island of Ambergris Caye Belize to throw an amazing 4 day event in Ambergris Caye, ranked #1 Island in the World by Trip Advisor!
We are gathering an exclusive group of 25 individuals to meet on the island of Ambergris Caye, Belize.
Network with like minded individuals, learn new ideas from experts on how to grow and preserve your wealth, all while staying at Ambergris Caye Belize’s newest resort Mahogany Bay Village, Curio Collection by Hilton, not even open to the public yet!
*This was the event with David Cates from $DNN$DML and George Glasier from $WUC at it and where he did those Feb audio interviews afterwards. Matt Geiger was also at that event as a speaker, and we had all discussed his #PalisadeRadio interview a few times after that.
@fbx258Picked up some for 1.50CAD, this is a very long term play. I reckon 1.20-.1.30CAD could be on the cards... WIll add again.
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@Rulingmining@Slmjr I made these comments about the article yesterday on BDM's channel. Added a bit today.
A few things the article doesn't say is that Korea's crazy new President is banning the construction of any planned reactors.
That China has only actually started construction of 1 new reactor in the last 18 months and they are waiting until that AP1000 or whatever it's called is completed in 2018 and a success before they start any new construction.
Unfortunatlely, China is putting funds to renewables, wind and solar for now.
This is similar for most of asia except India which seem to be developing both renewables and nuclear as they rightly realize they need baseload to support the renewables.
Japan just started a 5th reactor which is good, but still on the slow end. Hoping they get to at least 10 by the end of the year.