Wildhorse Eng Share Discussion Threads

[nick] 24/2/2014 21:32

Clearly they weren't getting anywhere with UCG in terms of generating value and have cut their losses.

In short the UCG adventure has been a 3yr value destroying debacle. And that value destruction of 6Mil GBP or whatever it is is in the price.
Its good that others see value and will try and do something with the asset.

[stockonomist] 24/2/2014 21:00

This should continue going down now because the have just admitted they are so desperate for cash and to stop haemorrage of money out they had to fire sell the supposedly brilliant UCG asset. You only do that if you are desperate. I'd expect loads of shorts will be looking to short this down now until the Company get themselves funded properly.

[illuminati1] 24/2/2014 20:56

US Government issues $6.5 Billion for nuclear reactors
Posted on February 21, 2014 by Asher Berube

February 21, 2014 (Source: Energy Live News) - The US Government is providing loans worth $6.5 billion for the construction of the nation's first new nuclear reactors in more than 30 years.

The two 1,100MW nuclear reactors, which will be built at the Alvin W.Vogtle Electric Generating Plant, is a "first mover for a new generation of advanced nuclear reactors", the US Department of Energy said.

The project is expected to create 3,500 construction jobs and around 800 permanent jobs and once operational, the new reactors are expected to provide enough electricity to power nearly 1.5 million homes.

Energy Secretary Ernest Moniz said: "The construction of new nuclear power facilities like this one – which will provide carbon-free electricity to well over a million American energy consumers – is not only a major milestone in the Administration's commitment to jump-start the US nuclear power industry, it is also an important part of our all-of-the-above approach to American energy as we move toward a low-carbon energy future."

- See more at: hxxp://investorintel.com/nuclear-energy-news/us-government-issues-6-5-billion-nuclear-reactors/#sthash.gHCipIIl.dpuf

[jarbie] 24/2/2014 20:17

a bad deal is a bad deal - full stop
why did the directors go for it ?
we don't know - they must have had a reason
perhaps to concentrate on uranium assets
but they sold off UCG cheaply - why ?
there must be more information to come

[stockonomist] 24/2/2014 19:27

It was a fire sale. The house is burning down. You'd sell it for a fire extinguisher.

[gerhart] 24/2/2014 19:16

Is the value of the coal in place not actually worth more than this proposal? Why did they go to all that trouble of doing the prep and get the Hung' Gov to do legislation if they were going to chuck it away like this? Even if Linc double or treble in value in next few years we'll still have sold short? Confused...??

[illuminati1] 24/2/2014 19:01

Global Uranium Shortage Spurs New Exploration, January 2, 2014

hxxp://m.fool.com/investing/general/2014/01/02/what-profits-yellow-cakep

Citi and Blackrock are financing uranium exploration again.

Wildhorse Mescek Hills uranium asset prospects 77 million pounds of uranium plus a further 90 million pounds exploration potential.

At a market cap of currently 6 million WHE is way undervalued on the uranium alone.

Plus we will be holding $4 million dollar worth of Linc Energy shares.

[treade32] 24/2/2014 18:21

lockup yer sons n daughters, loverat aka bottom-sniffer is about

failed bottom-sniff just below 3p
22 Oct'13 - This looks to be getting a little stronger.

ribbed someone's stop-loss at 2p
15 Nov'13 - illuminati1, I'm surprised you had a stop loss on this.

after stinker of an update, 1p beckons

[stockonomist] 24/2/2014 17:08

2p down to 1.4p in a day

Well done...

WASC


Loverat
24 Feb'14 - 09:23 - 598 of 615 0 0

The fact Stockonomist is also bashing this stock is a possible buy signal too. 94% of stocks he has bashed sinced November last year have multi bagged at a given time since.

[loverat] 24/2/2014 16:01

This has taken a hammering. I might take another look later to see what value can be attributed to this company with this deal. Interesting that it started up and has moved steadily down.

[illuminati1] 24/2/2014 14:41

@BNAfrica: Paladin Energy agreed to sell 25% stake in Namibian uranium mine to China National Nuclear Corp for $190m WHE is holding the largest Uranium asset in Europe. Could get interesting...

[noirua] 24/2/2014 14:33

Market cap is £6.6m at 1.425p a share. The offer, lock, stock and barrel, is only £2.2 million. So that leaves the uranium assets in a still depressed sector and a number of tenements, but no cash. Does look like a small hint of desperation to get a deal done here.
On the otherhand, there is now more certainty and safety with linc Energy driving.

[angus17] 24/2/2014 14:30

illuminati

based on what we've seen today, I wouldnt get too hopeful. Really quite astonished and disappointed.

[illuminati1] 24/2/2014 14:27

One aces left up its sleeve. Uranium asset deal soon $$$$The management team was also behind uranium investment vehicle Kalahari Minerals, sold to the Chinese some time ago.Hungarian Prime Minister Viktor Orban Makes Successful China Tour, Discusses Economic CollaborationFebruary 16, 2014 http://larouchepac.com/node/29851Hungary is looking to China to become its key economic partner as the European Union can no longer finance infrastructure projects. On Feb. 12 Hungarian Prime Minister Viktor Orban held talks with Chinese Prime Minister Li Keqiang during a visit that marked the 65th anniversary of China-Hungary diplomatic ties and 10th anniversary of their friendly and cooperative partnership.Orban talked with Li and other officials, discussing the implementation of the major infrastructure projects, including the high-priority railway upgrade between Budapest and Belgrade, Serbia, promotion of regional inter-communication, AND NUCLEAR POWER cooperation between the two countries. Orban and Li had reached an agreement on the rail upgrade project in November 2013, when they met during the Bucharest, Romania summit for China and Central and Eastern European (CEE) countries, where they also made plans for Budapest to become a regional hub for Chinese trade in Central and Eastern Europe.Russia multi billion dollar deal few weeks back and now China.Our Uranium asset is looking good

[vitamal] 24/2/2014 14:13

Where's the cash to continue? That lousy loan deal announced previously?V disappointed

[gerhart] 24/2/2014 13:15

There seems to be a touch of Jack and the Beanstalk about this deal. And with not much prospect of a beanstalk either!

We get to vote, so vote against and hope someone else will see the value of the company as a whole and make a bid for the lot at a much better price.

[angus17] 24/2/2014 13:02

Are we missing something here? It just seems such a bad deal.

How can they be pleased with such an annoucement?

[illuminati1] 24/2/2014 12:04

No need to dig it up...Sell it to the Chinese $$$$The management has done it before...News soon as per RNS

[stockonomist] 24/2/2014 11:28

Uranium price is sub $40/lb

i.e. hardly worth digging it up

[comet5d] 24/2/2014 11:04

WHE"Their world-class uranium asset of 77 million pounds in Hungary, with an exploration target of another 70 million pounds, gives a share price of A$0.89 ~ 47p excluding any addition for the gas potential, which should more than double even that value."

[oiht] 24/2/2014 10:48

Desperately short of cash, we didn't have much, if any, leverage.

[harijan] 24/2/2014 10:28

I am entirely displeased with the Board for having concluded this deal. Didn't anybody tell them that even a cash deal at this price would not have been satisfactory? Linc got all those assets just for a small number of their own mostly worthless shares. WHE could and should have stuck out for at least 3 or 4 times that amount for a shares-only deal.

Linc are laughing all the way to the bank, as they seem to be doing, if you read their statement. There may be more to this deal than we know, I fear....... These internationally based companies seem to be able to do what they like despite being quoted on the UK AIM.

I suppose we all know that, but we never learn, do we? Alas, I speak for myself at any rate!