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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.
@SFtrader@TheHolyBuyBull what is it in particular that you like about $ARY? I understand that they have numerous ISR projects and a mill, as well as some royalty agreements with #UUUU#EFR and #WSTRF#WUC. I'm not really sure of the nature of these agreements, I'm just starting to look into this company. Do you have any insights that you can share?
@ExcelsiorAnfield Resources Announces Vice President, Uranium Sales and Marketing
(Marketwired – March 13, 2017) – $ARY$ANLDF Anfield Resources Inc.
Corey Dias, Anfield’s CEO, stated, ” We are very pleased with the addition of Scott Lumadue as Anfield’s Vice President of #Uranium Sales and Marketing. Mr. Lumadue’s extensive experience within the #nuclear sector will be a tremendous asset to the Company. His long-term relationships with U.S. utilities and nuclear conversion facilities provide Anfield with a unique opportunity to leverage its improving #uranium#production position through the pursuit of long-term utility sales contracts. Anfield continues to strengthen its market position not only through strategic property and process acquisitions, but also through the addition of key personnel. By executing on this strategy, Anfield’s value proposition continues to gain greater appeal.”
* Arizona/Colorado/Utah – Shootaring Canyon Mill
“The key asset in Anfield’s conventional uranium portfolio is the Shootaring Canyon Mill in Garfield County, Utah. The Shootaring Canyon Mill is strategically located within one of the historically most prolific uranium production areas in the United States, and is one of only three licensed #uranium#mills in the United States.”
** Wyoming Properties – Irigaray ISR Processing Plant (Resin Processing Agreement)
“Anfield’s #ISR mining projects are located in the Black Hills, Powder River Basin, Great Divide Basin, Laramie Basin, Shirley Basin and Wind River Basin areas in Wyoming, and comprise 2,667 federal mining claims, 56 Wyoming State leases and 15 private leases acquired from Uranium One in September 2016.”
@Excelsior$ARY$ANLDF ANFIELD RESOURCES COMMENCES ADVANCEMENT OF WYOMING #URANIUM PROJECTS
21 Mar 2017
Corey Dias, Anfield’s CEO, stated, “We are delighted to begin the initial phase of our work on these Projects in order to both identify and delineate uranium resources. Importantly, many of these Projects are in areas of Wyoming in which a number of uranium producers have already established #ISR production bases. Moreover, Anfield signed a Resin #Processing Agreement with #UraniumOne in late 2016 whereby Anfield can process up to 500,000 pounds of uranium per year at Uranium One’s Irigaray Central Processing Plant."
"Uranium analysts are now noting that the #uranium market is at an inflexion point where prices are bound to rise sharply in 2017. With depressed prices, mine #production is being cut while uranium demand is steadily increasing in Asia and elsewhere. And long-term contracts are rolling-off with significant uncovered demand being forecast. These market dynamics converges with Anfield’s strategy of acquiring quality assets and proceeding with disciplined, staged development. We are confident that developing these properties will facilitate the execution of our Company strategy and will be a significant step towards becoming a top-tier U.S. uranium company.”
@Vaughanfor the long run, sure, but this could be said for any commodity closer to the bottom then the top. #uranium I have always felt we will see share prices continue to decline into the summer from the top earlier in the year. Its a layman opinion mind you, but I sold my uranium plays much earlier in the year after the big run up ($GXU, $ARY, $EFR, $NXE) thinking I'd get favourable re-entry points in August September. Thoughts @Bullionaire ?
@Excelsior$ARY$ANLDF Anfield Resources Announces Resource Report for First of 24 #Uranium Projects in Wyoming
(Marketwired – April 04, 2017) –
“Anfield Resources Inc. is pleased to announce the receipt of an NI 43-101 mineral resource technical report for the Red Rim uranium project…”
Corey Dias, Anfield’s CEO stated, “This report is a significant first step in identifying and delineating the uranium resource on the Company’s properties in Wyoming, an important part of our multi-state U.S. portfolio. Over the coming months we aim to delineate further uranium resources on our acquired Wyoming properties and plan to identify the most prospective. Crucially, Anfield has a Resin #Processing Agreement in place with #UraniumOne in Wyoming whereby it can process up to 500,000 pounds of #uranium per year at Uranium One’s Irigaray Central Processing Plant, and the pairing of a future viable uranium resource with that Agreement would place Anfield in a strong position to take advantage of the expected uranium price rebound.”
@Excelsior@Vaughan - Thanks. Yes Ur-Energy is a nice little In-situ #producer & reseller, and they have nice upside/downside torque to moves in the #Uranium mining stocks. A fun company to trade, but I always keep a small core position in place in case a larger company decides to gobble them up one day. It also seems prudent to have a few irons in the fire in the US production sub-sector because the US still has the largest fleet and most energy demands as it relates to #Nuclear power.
It isn't common to hear $URG discussed very often though. Same thing with the small producer $PEN.AX Peninsula energy and the near term producer $ARY Anfield Resources. Most generalist resource investors, that only give Uranium a cursory look, tend to focus on Canada and the Athabasca Basin, or sometimes in Africa or Australia, but these smaller US producers are still flying under the radar.
@Excelsior@Slmjr - Most companies keep the specifics of their #Uranium off-take contracts close to their chest, and don't reveal all the details, but in interviews I've listened to with Energy Fuels and pieces I've read on various Uranium sites it seems many expire from 2018-2020. Most are staggered anyway.
Here was guidance from $URG for the remainder of this year:
Continuing Guidance for 2017
"We expect to have contract sales of 241,000 pounds U3O8 in 2017 Q2 at an average price of $49 per pound. We plan to purchase 210,000 of those pounds at an average cost of $23 per pound. The balance will be delivered from Lost Creek production. The 2017 Q2 production target for Lost Creek is between 60,000 and 75,000 pounds dried and drummed."
$PEN.AX Peninsula strategy has already delivered prior to the start of Lance Projects production
(from page 19 of their corporate presentation)
– Approx. 8 million lbs under Term contracts (5 agreements)
– US$55/lb weighted average delivery price under existing contracts
$ARY Anfield Resources is getting ready to go into #production and they'll likely do something similar to what Penisula did.
@OnekeySo how are are you #uranium people doing? Personally I am down 18 percent as of today. I mostly own $URA, $GXU, $UUUU, $ARY and $AZZ. I am hopefull though. From what I am hearing there is not much buying going on now. So that means there will be all the more buying later on (I assume). Anybody else care to share their missery?
@ExcelsiorThe Greatest Benefactor of US-Russian Relations – Anfield Resources $ARY$ANLDF
Palisade Research May 25, 2017
Like many other commodities, the price of Uranium is cyclical….
“Anfield is a near-term production company with assets all in the United States. Its low-risk profile and high return potential have not attracted as much investor attention as this company deserves. Anfield has managed to bypass the long lead times associated with advancing to #production through both the acquisition of an existing mill in Utah and an RPA signed with Uranium One to use its existing #processing plant. This is a significant differentiator when comparing Anfield to other non-producers or those who aim to reach production in the coming years.”