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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Wildhorse Eng | WHE | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
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|---|---|---|---|---|
| 0.00 | 0.00% | 10.75 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 10.75 | 10.75 |
| Top Posts |
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Posted at 07/4/2015 16:18 by neillp There comment on Investors Champion re Wildhorse: |
Posted at 12/2/2015 10:01 by oiht Quelle surprise! Only 25% of investors took up their entitlement, Fill your boots directors. |
Posted at 30/6/2014 11:04 by stockhope syndrome well done illuminatiUPDATE ON SALE OF UCG ASSETS The Company's half yearly financial report for the half-year ended 31 December 2013 included a going concern risk. It was noted that as at 31 December 2013, the Company had cash and cash equivalents of $1,223,840 (30 June 2013: $5,417,836) and the cash flow forecast at that time showed that it did not have sufficient funds to meet its minimum committed administrative and exploration expenditure for at least twelve months from the date of signing those financial statements. It was further noted that in order to continue funding its operations, the Company will need to raise additional capital in the future and/or sell the assets. The going concern risk noted that in February 2013 the Company entered into a Heads of Agreement to sell its UCG assets to Linc Energy. Investors need to be aware that the Heads of Agreement has been extended and is now due to expire on 21 July 2014 (unless extended by mutual agreement). At the date of this Prospectus, the sale of the UCG assets to Linc Energy has not proceeded to a formal agreement stage and has not been finalised, and there is a risk that the sale will not be finalised. If the sale is not finalised, the Company will not receive the consideration set out above and the Company will cease funding the UCG assets. At the time of signing the HOA, the Company also signed a Funding Agreement with Linc Energy whereby Linc Energy would provide A$400,000 in four equal tranches of A$100,000 payable at the beginning of each month as a contribution towards the Company's costs associated with the operations of the UCG entities. With a payment made at the beginning of June, 2014 Linc Energy has now completed all four payments. Until the Company is certain that the sale to Linc Energy will proceed and the project is funded, the Company is now reducing all costs on site. If the sale to Linc Energy does not proceed, the licence will not be current and will be at risk of termination. |
Posted at 04/6/2014 17:44 by illuminati1 Junior Uranium Market Attractive Once AgainBy Johan SeijkensJune 4, 2014 Uranium prices are still depressed, but junior uranium miners have performed well this month. Could the bottom have been reached in the price of u3o8?The overall sentiment about uranium has never been worse; this has been beneficial for junior miners this month. Contrarian investors are taking positions because they think the worst is behind, and M&A activity will soon start.Stock prices of juniors such as Uranium Energy (NYSEMKT: UEC ) , and Ur-Energy (NYSEMKT: URG ) have performed well in May but are still well below the highs of 2011.UEC data by YChartsA rebound in the price of u3o8, better known as uranium, could happen anytime soon. The Fukushima Daiichi disaster in Japan on March 11, was a catastrophe for the price of uranium, but things will get better despite the fact that the Japanese court ruled out a restart plan of two nuclear reactors last week.Anti-nuclear suits brought by civilians could have a temporary effect, but in the end the government decides. So Japan's nuclear reactors will be brought back in operation going forward. On April 11, 2014 the government of Prime Minister Shinzo Abe decided on a national energy policy that backs the use of nuclear power.Uranium rebound could be nearThe spot price of uranium just recently collapsed below $30 per pound, more than a 50% decline from the price prior to the Fukushima disaster. The long-term outlook for uranium is still intact and is once again being seen favorably, especially by emerging countries such as India, Russia, and China. The supply cut from major miners such as Paladin and Cameco will also lead to increased demand. Much demand will come from China.The low price in uranium may be the catalyst to look for higher grade and more economic viable uranium deposits. Junior miner Uranium Energy Corp., for example, announced on May 20, that it has acquired the Longhorn Project in Texas. Located in Live Oak County, this specific area has a long history of significant uranium production. The South Texas Uranium Belt has several development projects going on with near-term production potential, including the Longhorn Project.This current low price of uranium may be causing a uranium rush for these low-cost production deposits and could finally lead to M&A activity between uranium miners. Growth is coming your wayThe 2014 Annual Report of the AAPG Energy Minerals Division Committee gives an interesting insight about the state of the state of uranium in the world. James Conca, Ph.D., a member of the Advisory Group of this UCOM, contributed an article on Forbes giving a short and brief overview of the report. Highlights of the report include:The International Energy Agency (IEA) claims that nuclear power will increase by 2.5% per yearJapan will likely restart many of their nuclear reactors with improved safety factors over the next few years because Japan has no realistic alternatives. It will remain the third-largest user of uranium in the world.The current status of U.S. reactors includes 100 reactors in full operation, five under construction, 25 in the planning/permitting stage, and 32 in permanent shut-down or retirement. China has 20 operating nuclear power plants (only 1% of its total power produced), another 28 under construction, and has brought three nuclear plants on-line in 2013. An additional 50 nuclear plants are in the various stages of planning and permitting.2013 U.S. uranium production increased by 16% over that of 2012, the highest production since 1997. At present, 83% of U.S. nuclear fuel demand is met by foreign sources, such as Canada, Australia, and Kazakhstan.Uranium spot prices will likely remain around $35/lb. However, upward cost pressure is growing because of future demands from China, Japan, and new construction projects.Final noteThe U.S. Energy Information Administration recently released its International Energy Outlook 2013. This report projects that world energy consumption will increase by 56% between 2010 and 2040, to a level of 820 quadrillion Btu from 524 quadrillion Btu.The urgency for electricity, for example, has never been greater, fueled by emerging market growth. Since 1980, worldwide electricity consumption has tripled and is forecasted to grow by 70% over the next two decades. Cameco, one of the world's biggest uranium producers, plans to increase its production to 36 million pounds annually by 2018, an increase of 60%. Despite the depressed price of uranium, junior miners such as Uranium Energy could be interesting investments going forward. The current stock prices bode well for some M&A activity in the sector. |
Posted at 04/6/2014 17:32 by illuminati1 The Lower The Uranium Price, The Higher The ReboundBy Jeb Handwerger | Commodities | May 28, 2014 At the end of 2013, I was very bullish on uranium as I believed the end of the 20 year Russian Nuclear Agreement would spark a rally as utilities would have to buy in the spot market. From December to March many of the uranium miners such as the uranium mining ETF (Global X Uranium (NYSE:URA)), Cameco (NYSE:CCJ) and Paladin (OTC:PALAF) were up significantly.Uraniu |
Posted at 04/3/2014 07:04 by illuminati1 Financial TimesUranium: Glow with it March 3, 2014 The reaction is easy to understand. The price of uranium for use in nuclear reactors - U3O8 - has halved over the past three years, to $35 a pound. After the Fukushima disaster in 2011, any previous positive charge from this metal quickly turned negative.Uranium prices have dropped so low that about a quarter of the world's production is now unprofitable. Paladin Resources, for example, announced this month that it would curtail production at its Kayelekera mine in Malawi, thought to have cash costs of around $50 a pound. It's a small mine, but such closures hint at the stress miners feel. RBC believes a long-term price of $80 is required to encourage more uranium supply; meanwhile, 2018 forward prices hover near $45.Now the current Japanese government wants to restart some or all of Japan's nuclear reactors; something the public fears, but the country may need. The nuclear sector had supplied more than a quarter of Japan's electricity; suddenly it fell to zero, putting acute pressure on Japan's trade account as it imports more fossil fuel. Japan's uranium inventory sits at 100m tonnes and will swell by about a fifth this year if its nuclear generators remain idle.The mere possibility that this excess supply might not be all sold back into the world market has cheered investors, and put a new glow on uranium miners in recent months. Shares in Canada's Cameco, the largest listed U3O8 miner, and one of the world's lowest cost producers, have rallied 35 per cent in six months. One proxy for the commodity, Uranium Participation Corporation - which invests directly in U3O8 - is up less than a quarter. Cameco's shares don't look like a bargain at 30 times forward earnings, but that ratio is based on an earnings estimate 20 per cent below even last year's level. Uranium shares are looking safer and safer. http://on.ft.com/1gN |
Posted at 27/2/2014 08:40 by illuminati1 How uranium stocks could make U-turn as Japan edges closer to restart nuclear reactorsThursday, February 27, 2014 by Proactive InvestorsUranium stocks make U-turn as Japan moves to restart nuclear reactorsUranium stocks across world markets lifted off yesterday after Japan revealed a pro-nuclear energy plan involving the restart of Fukushima reactors, left dormant following damage caused by the 2011 Tohoku earthquake and ensuing tsunami. The Japanese government released the anticipated draft of its Basic Energy Plan, which committed to nuclear power as a central source of Japan's ongoing energy requirements.Cabinet approval for the proposition is anticipated in weeks, and should pave the way for many of Japan's 48 idled reactors to resume operations prior to year's end.Prime Minister Shinzo Abe's proposal also touched on the possibility of new reactors being constructed. Abe was elected prime minister in 2012, and began implementing new safety standards that established a socio-political environment in which production of nuclear energy could recommence. On the ASX, small cap uranium stocks stirred then flew, with Peninsula Energy (ASX:PEN) trading record volumes during its climb to $0.028 intraday from Tuesday's closing price of $0.023.Paladin Energy (ASX:PDN) rocketed to $0.575 intraday, from $0.43, while Toro Energy (ASX:TOE) jumped to $0.08, from $0.069.The Ian Middlemas-backed Berkeley Resources (ASX:BKY) was another star, surging to close on its day high of $0.37, from $0.29.Cauldron Energy (ASX:CXU) could be another to watch over coming days, boasting a 15.7 million pound uranium resource in Western Australia. Several commodity analysts have tipped uranium to outperform over the coming years, and Japan's announced pro-uranium energy strategy is likely the catalyst that will bring those forecasts to fruition. Uranium prices will remain leveraged to the news of the Japanese reactor restarts and a return to term contracting by utilities.The long-term outlook on the uranium market is tipped to remain the same at US$65/pound ($65/lb) U3O8. The uranium price has dropped significantly and now appears stable at levels not seen for almost eight years.With some analysts forecasting a $42/lb price estimate for the year, with prices to about $48/lb by Q4/14 it could be time to look at uranium stocks again.-------------- |
Posted at 28/1/2014 07:54 by illuminati1 Uranium Stocks Awake Like LazarusBy John Licata January 26, 2014 Uranium stocks have been laggards in the energy sector, largely due to concerns about safety issues after the tragic Fukushima incident in Japan. Since the event, there has certainly been investor aversion to the space, especially since Germany moved to abandon its nuclear program to focus on renewables. Yet that move has caused a surge in power prices, largely due to renewables maybe being asked to do too much too soon in the aftermath of Fukushima. With that said, subsidies galore in Germany are now being curtailed and lofty power prices remain, well, lofty. China recently announced it would put another five reactors into operation this year. Japan, yes the same Japan that experienced Fukushima, may restart 10 out of 50 reactors this year after safety reviews, according to Bloomberg News. Here at home, the U.S. is forging forward with supporting development of small modular reactors (SMRs). Add on top of that a growing concern about focusing on reducing global carbon issues, and nuclear power is quietly starting to regain investor interest. This, coupled with uranium moving above $35 per pound (still down from pre-Fukushima levels above $70), is likely behind the upside moves with above-average trading volume seen recently in shares of Energy Fuels, Denison Mines, Cameco, Uranium Energy Corp. and the Global X Uranium ETF.http://www.fool. |
Posted at 14/1/2014 07:21 by granitetim Now if my thinking is correct,then a lot of investors that did extremely well from Kalahari minerals will have followed the management team to WHE.The low volume movements were magnified by the relatively low free float..So expect some fun! |
Posted at 10/1/2014 04:07 by illuminati1 Essential reading for new investorsFinancial times, David Stevenson, End of Jan 2013 David has apparently an uncanny knack of picking the right sectors at the wrong time, usually too early and now could be a good time to jump in here. 5.5p at the time Eastern Europe is much more promising terrain and I’m currently researching a few ideas here, but I’ve decided to buy into an alternative, truly unconventional energy source: underground coal gasification. My chosen vehicle for this theme is Wildhorse Energy, which is listed on both the UK and Australian exchanges with the ticker WHE. Wildhorse has the enthusiastic co-operation of the Hungarian government, plus a series of licences throughout eastern Europe (especially Poland). Its directors are also in advanced discussions with local utilities which should bring a deal within the next 12 to 18 months. Wildhorse is focusing on using synthetic gas from coal seams in eastern Europe for two simple reasons – the first is that there’s lots of it, and there’s a huge demand for alternatives to the dominant Russian supply of natural gas, and the many political complications it brings. At the moment this a pure development project and it’ll need a lot of capital expenditure to get the project actually producing. That means either a big and dilutive fundraising or some kind of trade deal. Both options mean that Wildhorse is a risky play, like any other explorer or early-stage mining developer. But it has one or two aces up its sleeve. The market opportunity huge, and the company has a superb South African technical team which is busy doing deals with those local utilities. I also like the look of the executive management team, which was also behind uranium investment vehicle Kalahari Minerals, sold to the Chinese last year. Its investor base also includes some very smart resource focused institutional investors. My sense is that the markets will start to wake up to unconventional energy in Europe but soon realise that coal gasification is probably the only reliable way to go. That’ll prompt investor interest in Wildhorse, which will hopefully have supply contracts in place by then. The share price is also underpinned by Wildhorse’s other big assets, which include a big uranium deposit in Hungary it has the right to develop. This neatly hooks into my other big long-term bet, which is that we need nuclear energy whether we like it or not. My preferred nuclear play is UK-listed uranium fund Geiger counter. By my sums, if you buy Wildhorse you effectively get the uranium asset for free, which seems like a fairly good value play given that I think we’re all about to go mad about unconventional energy. |
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