Sunday, November 19, 2006
Monday, November 13, 2006
Off to Nawlin's
Friday, November 10, 2006
Breakout!
This is it. The day I've been awaiting for...three years. I can take some comfort in Peter Lynch's observation that some of his biggest winners didn't do anything for 2-3 years before they did their thing. Perhaps Amarillo will fit that mold. After taking an initial position in early 2004, I averaged down a few times, lowering my cost basis. And then I waited...
Amarillo Gold is a junior exploration company with properties in Brazil. They are part of the Ironbark group of companies, which includes Aquiline Resources and a few others. Their main property has a historical resources of 700K ounces of gold, but further work has demonstrated that there is more than that. Recently the company staked additional ground adjacent to Mara Rosa based on their current work. They are also in the process of acquiring another property, Lavras del Sul, from Rio Tinto. Rio was looking for a 5-10MM ounce deposit. When they determined that was not likely to pan out at Lavras, they decided to let it go. They left a string attached though, that will allow them a substantial back-in option if in fact, it turns out to be a multi-million ounce deposit. Initial work on the property indicates a potential for 3MM ounces.
As far as I know, there aren't any imminent major announcements, but something lit the fuse today and buyers piled on, driving the stock up 20% on over 1/2 million shares (which is a lot, for Amarillo). This took the stock up through the .50 level which was roughly the last point of resistance and the rim level of a cup and handle formation that is traced out over the preceding three years. Could be good for a move to .80, short term. Depending on whatever is behind the action today, could be even more juice. We will have to see...
Wednesday, November 08, 2006
Sunday, November 05, 2006
Thursday, November 02, 2006
Wednesday, November 01, 2006
Article on Universal Uranium
This article was sent to me by investor relations at Universal Uranium. It was posted at Stockhouse, but they did not attribute it.
Uranium in
Extreme opportunity
As most uranium investors know,
This is actually quite significant to me that the there is only a fixed amount of speculative money in this area and that the spotlight and big institutional speculative dough has yet to participate in this area of exploraration. Most speculative bucks are still finding their way to regions like
Symbol | Company | Land Position (acres) | Share Price | Market Cap | % gain or loss |
AXU | | 200,000 | 12.50 | 725MM | up 350% from lows |
CXX | Crosshair | 168,583 | 2.23 | 130MM | up 320% from lows |
BAY | Bayswater | 979,227 | 1.24 | 73MM | up 60% from recent lows |
SAN | Santoy | 115,148 | .385 | 30MM | down 56% from highs |
MNS | Monster Copper/Santoy(jv) | 70,225 | .33 | 7MM | down 27% from highs |
UUL | Universal Uranium 60% | 305,423 | .39 | 11MM | down 58% from highs |
SSE | Silver Spruce 40% | 305,423 | .38 | 9MM | down 55% from highs |
Here are some factors that make uranium exploration looks very rosy for Canadian companies...
Cameco's taking a hit on their flooded Cigar lake mine... there are thoughts now that they may not be able to put it into production... 20MM lbs of uranium supply from 2008 - 2010 that now needs to be made up.
Governments are less willing now than ever to sell enriched uranium from weapons for energy, meaning we are losing a supply of uranium which had helped fill the production vs demand gap.
World demand for uranium and nuclear energy is ever increasing...
Other countries are aspiring to be nuclear proficient
Global Warming - not only is it considered a green fuel that combats global warming. Global warming contributes to easier accessibilty to areas previously thought to harsh to mine and extends the seasons in areas such as the
So lets look at
The area is obviously coming a hot play with success' of Crosshair and
Newletter writers are starting to focus on the area as well as everyone knows how Grandich loves his Crosshair minerals. Now the other chiuauas in the area are making headlines as well as companies are mobilizing thier exploration programs.
Fishing for the undervalued potential winners...
UUL and SSE are at the beginning of their 1 year $2 million work program and have finished trenching with results pending; drilling is imminent if assays come back good. They have the second largest land position in CMB besides Bayswater Ventures and seem to be undervalued on land position alone. Their properties border
Heres to positive assays and an aggressive drill program...