|Murchison United Nl
||EPS - Basic
||Market Cap (m)
Real-Time news about Murchison Utd (London Stock Exchange): 0 recent articles
|defomaybe: Hi GERRI
Having no experience of shares whatsoever could you give me your opinion as to what may happen to share value if Areva are issued a further 10%? would the share price drop because of this? Also,if Areva increases its stake to 100% and become operator of any mining operation what would become of shares then?
Thanks (couple of mates who have decided to have a dabble)|
|gerri-c: The initial placement probably dictated the drop, but as far as one man's opinion of the deal, how can he baulk at a deal with the potential to entrench Murchison's projects in vast-reaching Areva at a time of nuclear renaissance?
Even acknowledging that such deals take time to feed through to the share price, I'm optimistic of a year-end price above 10p.|
|jda: Good volume and strenghth in the share price, most of the trades look like buys when times of trades are analysed.
The fact that the trades are not small (relative to NMS and normal activity) suggests something good is afoot. Either stake building or someone in the know about the real prospects for Uranium.
I think the signs are there that this could blow north soon.IMHO.|
|jda: there might be a small blessing dadob1- as the share price is creeping up you should get more for them when they do receive the certificate and can sell them.
I think if 7p can be breached then 10p is a realistic next level of support.|
|dadob1: posted my MUU share certs onto Iweb the other day and they have lost them claiming only the crest transfer forms were in the envelope.
How do I go about getting new ones issued??
|vanbrussel: All depends on the outcome of the Maroochydore scoping study
Could be a substantial revaluation of MUU
Look for slide 33 on this mornings 'ABY' presentation (26/03/08)
Says study is commisioned!
AS FROM HOTCOPPER.COM.AU
re: scoping study commissioned 500k tonnes copper (by poster Vayama)
Covers geological review, processing and metallurgy mine design
that sounds like everything to me...
that's why I am phoning...to see how official it is...
it think an official announcement should improve the share price and re-rate hopefully to around 16 to 18 cents, even 20 cents...
re: scoping study commissioned 500k tonnes copper (by poster Vayama) on Mauritania
Frog...am I not sure about the uranium...however my knowledge is very limited...
I was reading up on in situ leach (ISL) mining, which according to the reading is for sandstane and sendiment deposits..
the Mauritania deposit is in granite, which I suppose may possibility make it less attractive if it must be mined by conventional methods..
i did email MUR about this and got the following answer:
"Thank you for your email.
I have referred your questions to our Technical Director. He advised that it is still very early in the process. Further infill drilling would be required to model a shape for possible JORC calculation. Concerning heap leach mining, yes that would be a possibility, but again, it is still too early to decide best method."|
|defomaybe: anyone think the price may still drop slightly?
and any views of share price by next december?|
|vanbrussel: URANIUM SPOT PRICE COULD REGAIN LOST GROUND BY YEAR END - HAYWOOD
Haywood Securities forecasts that, while uranium spot prices will continue to weaken "a tad more," prices could regain much lost ground by year end.
From Minesite RENO by Dorothy Kosich Friday , 24 Aug 2007
In an analysis published Thursday, Canada's Haywood Securities predicted that, by year end, the spot market for uranium could regain some of the ground it has lost since the metal reached a high of $136 in mid-June.
Analysts J.W. Mustard and Chris Thompson said the rapid price increase from April to June was generated more by speculative discretionary buying than by a demand from utilities companies.
Currently the spot price has declined 34% to the current $90/lb level. To compound the situation, the analysts noted that "as the utilities seem to have taken a collective summer break, in conjunction with a lack of discretionary buying, the price has a clear negative trend."
"Primary supply/demand issues have not changed over the past few months, and each week brings pronouncements of renewed emphasis on nuclear capacity to solve fundamental electrical needs," according to Mustard and Thompson.
"Perhaps a key insight into longer term trends is the possible impact of the recent spot price decline on those companies either at the advanced stage of development or in feasibility. With the market valuation of individual companies dropping by 35% to 50%, those most affected may curtail some expenditures, leading to a deceleration of project development-ultimately feeding into lower than forecasted long-term growth supply," they noted. "Also some companies seeking equity and debt financing may experience pushback, again affecting their project timelines."
"This, combined with production shortfalls year over year 2005 to 2006 and forecasted for 2007, upward price pressure is likely to persist for a longer period."
Haywood's analysts forecast that "while the spot price has weakened and could weaken a tad more, by the end of the year prices could regain much of the lost ground, setting the stage for a robust 2008 and beyond. With potential brownouts in some areas like India, it is possible that near-term spot could exceed the recent highs."
Meanwhile, Haywood's research found that since July 1, uranium producers have experienced an average 22% decline in equity value, compared to a 32% decline for explorers and a 37% drop for developers.
Canadian uranium miners Cameco (TSX: CCO) and Denison Mines (TSX: DML) have sold off 28% and 33% during the same time period, according to the analysts. Best performing producers during the period were France's Areva SA and Uranium One (TSX: SXR).
The analysts noted that "exploration companies, which participated the most in the upside caused by the rapid uranium price escalation, have corrected the sharpest in recent months. Share price performance within the exploration sector showed weakness even before the uranium spot price topped out at US$136/lb U3O8. "
|curlly: Its not as good as it sound why do you think the share price went down.|
|vanbrussel: NEW WEBSITE!!!!
Didn't have the time to evaluate the U-prospects in Mauritania,
the WA-Maroochydore Copper Project is certainly a share price booster
Attributable to MUU.L are 255Kt Cu and 10Kt Co
Copper valuation (in Africa) = US$ 0.10 lb/Cu + US$ 0.50 lb/Co
remember this is a basic valuation - should be higher in Oz
US$ 56,217,877 Cu + US$ 11,023,113 Co = AUD 78,534,120
Murchinson's MarketCap = ?372M shares at AUD 0.135 = AUD $50,220,000
$6M is needed to fund projects so I'm not going to discount it
! Share price has a minimum upside of 56% on Maroochydore alone
Makes a share price of 21c or 9p|
Murchison United Nl share price data is direct from the London Stock Exchange