Wildhorse Eng Share Discussion Threads

[illuminati1] 04/4/2014 14:44

"These new reactors will surely enhance Hungary's energy independence and security, Russian President Vladimir Putin told reporters.But one person's bargain is another's Faustian deal - in this case at least. Critics say the sweetheart deal may as well have been written by Mephistopheles, the demon of German folklore.They say the project was never tendered for competitive bids despite an earlier expression of interest from the French energy company Areva."http://bit.ly/1fsNAF5I wonder if AREVA is interested in taking over Hungary's and WHE's uranium asset. It's more than double in size of their Slovakian uranium asset. See above post.Blood in the streets opportunity

[pilkersa] 03/4/2014 10:47

It is indeed - but it has to turn sooner or later!

[angus17] 03/4/2014 10:45

logic would suggest so. The market thinks otherwise. I mean just look at the share price it is quite something.

[pilkersa] 03/4/2014 10:39

With the 10bn nuclear deal, it is difficult to see how we couldn't benefit.

[angus17] 03/4/2014 10:35

you are probably right. But I thought and did the same a week or so again!!!!

[pilkersa] 03/4/2014 10:26

well I have had a small top up - seems sensible at this ridiculous price

[angus17] 03/4/2014 10:19

considering the renewed interest in uranium generally what is happening to this share and its price? When are we due the uranium news? I get the impression things are dragging on for a bad reason!

[illuminati1] 02/4/2014 21:42

Hungary 10 billion euro russian nuclear deal signed

Credit agreement on Paks signed, sent on to Brussels
MTI – Econews
Tuesday, April 1, 2014, 12:30 PM CET

Credit agreement on Paks signed, sent on to Brussels
State secretary János Lázár on Tuesday confirmed that Hungary had signed an agreement with Russia on credit for an upgrade of the Paks nuclear power plant; Lázár also confirmed that the agreement has been sent on to Brussels.

Russian daily Vedomosti broke the story this morning in reporting that Russia and Hungary had signed the agreement on the €10 billion state loan. Russian Deputy Finance Minister Sergei Storchak informed Russian news agency Interfax that the agreement had been signed.

The Russian government approved a draft of the agreement on March 10 and Prime Minister Dmitry Medvedev mandated further negotiations on it among Russia's ministries as well as with Vnesheconombank and Rosatom.

In the middle of March, Hungarian state secretary Lázár stated the government would submit the credit agreement for the upgrade to Parliament, after it was approved by the Russian government. Russia earlier agreed to lend Hungary the €10 billion to build two blocks at the Paks nuclear power plant, covering 80% of the cost.

Russian state-owned Rosatom is the general contractor for the blocks.

hxxp://www.bbj.hu/business/credit-agreement-on-paks-signed-sent-on-to-brussels_77850


WHE's uranium licence is close to the power plant.
Hungary will develop their domestic uranium assets to boost local economy and to supply their new reactors.

Uranium deal could be close now that the deal is signed off.

GLA

[illuminati1] 31/3/2014 19:51

Long-Term Outlook for Uranium Continues to ImproveMarch 29, 2014 Watch stocks you care aboutThe single, easiest way to keep track of all the stocks that matter...Last month, the uranium market got a big boost from a draft of Japan's new Basic Energy Plan. Indeed, the long-term outlook for uranium market and producers such as Cameco Corporation (NYSE: CCJ ) , Denison Mines (NYSEMKT: DNN ) , Paladin Energy, Areva, and Rio Tinto's (NYSE: RIO ) subsidiary Energy Resources has certainly improved due to supply cuts and anticipated demand.One of the key drivers for uranium market in the long term will be China, which already has 20 nuclear reactors in operation and is constructing 28 more. A statement from Chinese President Xi Jinping this week has highlighted the fact that the world's second-largest economy sees nuclear energy playing an important role in ensuring its energy security.Uranium making a comebackThe spot price of uranium has continued to hover around $35 per pound, down 50% from the price prior to the Fukushima power plant meltdown in March 2011. Still, the long-term outlook for uranium has certainly improved as nuclear energy is once again being seen favorably, especially by emerging economies such as China, India, and Russia. Even before a draft of Japan's new Basic Energy Plan came out, the outlook for the uranium market had been improving, mainly due to a supply cut from miners such as Paladin and Cameco and anticipated demand. Much of that demand will come from China.China will be key driverAccording to the World Nuclear Association, China is constructing 28 nuclear reactors. That is nearly 40% of the nuclear reactors being constructed globally. In fact, China's nuclear energy growth was something even Cameco noted in its outlook for the industry. The company noted that China brought three nuclear reactors online in 2013.China's focus on nuclear energy can also be gauged from the fact that the country's top nuclear companies are getting ready for initial public offerings. According to The Wall Street Journal, the companies are hoping to raise money to fund future nuclear reactor construction.China's emphasis on nuclear energy stems from the fact that the country is looking to cut its reliance on coal and tackle its serious pollution problems. Still, in the post-Fukushima world safety is a major concern when it comes to nuclear power plants. But a statement from China's President suggests that the country remains committed to nuclear energy even as it places a great deal of importance on safety.China's commitmentEarlier this week, speaking at the Nuclear Security Summit in The Hague, China's President Xi Jinping said that development and utilization of nuclear energy gave new impetus to the progress of humanity. While Jinping noted that the development of nuclear energy has its associated risks and challenges, he sees the peaceful use of nuclear energy as important to ensuring security and tackling climate change. Jinping's statement, while placing a great deal of importance on safety, highlights China's commitment to nuclear energy.Long-term outlookWhile the debate over safety of nuclear power plants continues three years after the Fukushima meltdown, the future of nuclear energy is certainly secured. The statement from Jinping and Japan's energy plan highlights the fact that nuclear energy will play an important role in securing energy needs in countries that have limited energy resources or are looking to tackle pollution problems. In fact, in Germany, which has closed eight nuclear reactors and plans to shut down the remaining reactors by 2022, there have been calls to delay the phase-out nuclear power plants in order to cut reliance on Russian gas in the wake of the Ukrainian crisis.Given this scenario, the long-term outlook for the uranium market is continuing to improve.

[illuminati1] 27/3/2014 08:00

Impact of crisis: Uranium could spike to 120$ The Impact of the "War Cycle" on Markets: High Tension MetalsMarch 24, 2014 The Cold War supposedly ended in 1989 but it would appear that somewhere or other there has been a major regional war going on since that time. Just when it appeared that Iraq and Afghanistan were behind us, along came Syria and rising tensions over the Crimea.Of course any war is "good" for gold, both in demand and prices. The people in the war zone want the metal as a store of value if they need to flee while the broader global economy players tend to harbour gold because it's hard to think of any war that does not produce inflation or money supply expansion of some sort for the armaments ramp-up is always an extra expense with the printing press being the easiest way to fund the war and keep a restless populace at bay.On other commodities though, while the Iraqi war disrupted oil supplies, it did not appreciably effect metals. The Afghan economy has principally been known for supplying opiates, so metal markets were not drawn into the conflict. Likewise the Syrian conflict is only effecting oil supplies marginally as the country is such a bit-player in OPEC. However the latest escalation in tensions between Russia and the West is the first time in a very long age that a meaningful event might occur involving one of the world's major diversified metals producers being taken out of the equation or at least isolated from the mainstream of metals trading. The last time we can think of was back in the old Cold War days when the West tried to isolate the Soviet Union over its invasion of Afghanistan in the early 1980s. That however was a dramatically different kettle of fish then because the supply of Russian metals was very marginal to the West and thus shutting it off had minimal effect.In this piece we shall look at the metals most vulnerable to disruption from sabre-rattling in either direction. Then we shall also look at some long term consequences of the "New World Order".Throwing Stones in a GlasshouseSome have accused the EU and US of soft-pedaling on the Crimea/Ukraine issue. Well might these economic powers think twice before stirring up too much of a ruckus. The EU is particularly vulnerable to Russia cutting off natural gas exports and the US has to play nice with Russia to keep getting cheap uranium supplies.Uranium: According to the US Energy Administration, in 2011 the United States mined 9% of the uranium consumed by its nuclear power plants. The remainder was imported, principally from Russia (50%), Canada, and Australia. As uranium bulls will ceaselessly inform you the supply situation is tight and if it wasn't for those pesky Russians the price would be a lot higher. We usually do not make common cause with the tin-foil-hatted but would beg to agree with the uranium bulls. It is a truism that the unwinding of the Soviet stockpiles have beggared the global uranium mining industry and that the great day will be when an end to this attrition is seen. The current events might bring this around sooner rather than later. Just as the recent House of Cards series highlighted the somewhat mystical (and downright incorrect) applications of Samarium in nuclear energy, it is really with the far better known, and far less prosaic, uranium that the Russians have the US dancing on some rather short marionette strings. Basically if Russia decides to sit on its stockpiles, slow down supplies, cite inventory errors or whatever, then we would have a Cold War in a hot metal. Frankly, with Putin being a far better Machiavellian than any of his adversaries, it does not require us to tell him that this is the obvious play. The stockpile selling game was coming to a close anyway and it would be a good moment for him to bring it to a foreshortened end. There is no swing producer and there is no appreciable stockpile (beyond what the uranium ETF, Uranium Participation Corp has stashed away). The price could spike to over $120 per lb in the spot market easily if Russia let its intentions to place this card be known.DependenceThe USGS survey in 2011 shows the US dependence upon outside sources of supply for various metals. Do our eyes deceive is or does the table omit Uranium? Hmmm.. wonder why?Full article below...- See more at:

[bertie bee2] 27/3/2014 07:23

Marvellous news. Only confirming how weak the company's position is. No wonder the shareprice is rock bottom.

[stockonomist] 25/3/2014 23:07

It's funny all these experts claiming the price of uranium is going up

when in fact the spot price has actually fallen in last few weeks

[illuminati1] 25/3/2014 22:00

Fission (V.FCU) advisor outlines reasons why uranium price is only going upRead more at

[illuminati1] 23/3/2014 21:53

Fair point.UCG was and still is unproven on a large industrial scale and still needs a huge investment to make it commercial whereas Uranium mining has been done before in Hungary. The production cost were quite low what I can gather. Therefore with all the recent nuclear news from China and Japan it was a wise decision to focus purely on the world class uranium project considering they already have the government as a partner who have their own uranium licence.The current Ukraine crisis and Europe's push for Energy Independence puts Wildhorse and Hungary in a stronger negotiating position imo. I expect now growing interest by majors from the uranium industry who want to secure their fuel supply within the EU.Also don't forget that WHE's management includes several men with extensive experience in uranium mining, not least Mark Hohnen, who was also chairman of Kalahari Minerals, a company with interests in the Husab Hills uranium project in Namibia, one of the worlds largest deposit of the ore.He sold the company to China National for £600 million!!Then we have uranium guru and deal maker Mr Middlemas as a director, who has founded, developed and engineered the takeover of several uranium explorers including the $1.2 billion!! takeover of Mantra Resources by the Russians. He is also currently director of uranium explorer Berkley resources.Interesting times ahead.GLA

[gerhart] 23/3/2014 14:54

The problem is Illuminati, will they throw it all a way in a Jack and the Beanstalk type way, for three magic beans. As Jarbie alludes to with UCG?

[illuminati1] 23/3/2014 11:05

Uranium mining renaissance in Europe after US and EU sanctions against Russia?Worth looking at European Uranium Resources (EUU) for example and what kind of deal they secured...http://www.euresources.com/s/home.aspThey secured 2 years ago french AREVA as a partner..."Our decision to focus in Europe was a simple one: • Europe is the world's largest per capita consumer of uranium, with 160 reactors operating and more under construction • Europe has only one operating uranium mine • Our company is well positioned to be the premier uranium exploration and development company on the European Continent• Fact – the world has an installed base of 442 nuclear power reactors – 160 in Europe • Fact – There are 63 nuclear reactors under construction worldwide • Fact – there is not enough new uranium produced to keep these plants running • Fact – analysts forecast uranium shortage"Their Uranium asset Indicated Resource of 28.5 million pounds of U3O8 compares to 68 million pounds by WHE.Wildhorse Energy is well placed to become the key uranium exploration and development company in Europe.Europe is the world's largest per capita consumer of uranium with 160 reactors and more under construction or planned, but with only one currently operating uranium mine.The Crimean crisis is pushing Europe towards energy independence from russia which will suit european uranium mining well.WHE is currently holding active discussions to get a strong partner on board. CNNC? AREVA?News soon

[jarbie] 21/3/2014 18:03

Uranium licence but no cash to exploit it
UCG licences solution comes to mind
does the market anticipate a similar deal ?
what is there in it for the shareholders ?

[illuminati1] 20/3/2014 07:18

Wildhorse Energy are currently holding the largest uranium asset in Central Europe. Partnership discussions are ongoing. China National Nuclear? AtomRedMetZoloto?News update near term."WHE retains its interest in the Mecsek Hills Uranium Project in Hungary, which has a current JORC Inferred Resource of 48.3Mt at 0.072% U3O8 for 77Mlbs of U3O8. Government negotiations and strategic partnership discussions are on-going with a further update on this expected in the NEAR TERM."

[angus17] 19/3/2014 14:28

Lost an awful lot on this at the moment but looking at current market cap. and with UCG deal $4m then value placed on uranium is pretty low. Am tempted to get a few more.

[illuminati1] 17/3/2014 22:03

WHE 4 million dollar stake in LincAnn out yesterday : 23H WELL IN UMIAT ALASKA REACHES TARGET DEPTH Lincenergy.listedcompany.com/news.html/id/397495

[illuminati1] 17/3/2014 22:01

Wildhorse Energy sees significant potential for value accretionBy Jamie Ashcroft March 14 2014The sale of the Mecsek Hill UCG project marked an important new chapter in the Wildhorse Energy (LON:WHE) story, the company said in today's interim results statement.Last month, the company unveiled an all paper deal to sell the project to Linc Energy, which has proven its proprietary UCG technology and is regarded as the global leader in the field.Wildhorse is left holding an equity stake in Linc, and therefore will benefit from 'upside' in the project.In relation to disposal of the Mecsek Hill UCG project, the company said: "the most advanced asset in WHE's UCG portfolio, will be accelerated under the stewardship of a uniquely qualified partner whilst retaining the significant value upside potential for WHE stakeholders."Operationally, Wildhorse's attentions will focus on the Mecsek Hills uranium project which the company says is a "significant component" of the portfolio.It believes Hungary's uranium industry has significant potential for value accretion."Of particular importance to Wildhorse is the Hungarian Government's indication of support over recent years, bolstering the board's confidence in the strategic importance of its uranium asset."