Wildhorse Eng Share Discussion Threads

[oiht] 07/8/2014 09:12

Not for me I'm afraid gerhart. I'll just take what I can from the wreckage. I invested here for the UCG and it just feels like a wasted opportunity, especially considering the state of relations with Russia now, the need for energy independence from them is even more imperative and we should have been storming ahead. How could they get it so wrong?

Good luck to you though.

[gerhart] 06/8/2014 13:35

I'm deffo going to take up my rights. Can't get any worse can it? I mean we have assets, so the rights should provide a decent return in time.

Plus I think maybe Linc are holding off to see how the rights offer goes, and if it doesn't go well they will try and shaft us.

So in our best interests I think to support the rights and show a united solid front, even if we feel the managagement are a let down and have failed to get a better end to the UCG.

GLA

[angus17] 22/7/2014 08:01

should we have heard something today re. the Lincs deal?

[vitamal] 21/7/2014 11:45

Sorry I now see hoa have been extended for a month

[vitamal] 21/7/2014 10:23

They have extended the rights offer period which doesn't surprise me21 July is supposed to be d day for lincs deal. If that goes ahead then presumably there would be some incentive to take up the rights otherwise there is nothing, with the uranium price so low

[oiht] 18/7/2014 08:49

Not much to say is there jarbie and I'm not for throwing good money after bad.

[jarbie] 16/7/2014 18:08

Silence here is surprising - I have taken up my rights
having apparently gambled with much larger sums earlier on
additional costs are relatively small and the only chance
of some recovery / reduction of the guaranteed losses.
What is the position on the Lincs deal ? I hope it falls.

[bertie bee2] 15/7/2014 13:44

I've just received notification of the rights issue via iDealing. How about 'no' Scotty.

[oiht] 01/7/2014 12:00

I think even illuminati has taken the hit and moved on, he's still posting though, mainly on the - wait for it - top traders thread! LoL!

[vitamal] 30/6/2014 11:26

Not a great incentive to take the rights!Very sad

[stockhope syndrome] 30/6/2014 11:05

This should surely go sub 0.4p now ?

[stockhope syndrome] 30/6/2014 11:04

well done illuminati

UPDATE 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.

[oiht] 25/6/2014 10:50

Up twice in two days and nearly back to half a penny! He was right after all LoL.

Anyone taking up their rights by the way? Not me.

[stockologist] 12/6/2014 23:02

hmmm...



Touchstone Gold Ltd - TGL

Loverat - 13 Aug 2013 - 12:49:26 - 263 of 1061

Been taking a look at this one. I like what I see so bought a few earlier.



Touchstone Gold Ltd - TGL

Loverat - 15 Aug 2013 - 17:56:17 - 277 of 1061

Well, who was it who was ramping this stock. Wish I had never taken a look at this pile of junk.

[loverat] 12/6/2014 22:54

Indeed - a hopeless tip and galling for long standing holders that the recommendation to sell comes at this late stage. Best tip is to ignore the tipsters and commentators who are universally hopeless.

[comet5d] 12/6/2014 19:38

RHPS at its bestWildhorse Energy (WHE) has announced a rights issue to raise AUS$1.4m. This will be used for working capital and to identify further resource projects. WHE has been an extremely disappointing tip. I have an aversion to long- term, capital- intensive resource projects and have been reducing RHPS exposure to these plays. Sadly, I recommend taking a loss on WHE and moving on. Sell (today's close 0.54p)

[stockologist] 12/6/2014 08:59

Well done illuminati

[oiht] 12/6/2014 08:58

There you go. Rights issue!

[jarbie] 10/6/2014 23:47

Germany is setting out new rules for fracking
taking care of the environmental issues
to gain energy independence from Russia and Mid East
we gave away cheaply our resource in that market

[oiht] 04/6/2014 19:45

Great, as long as we don't run out of cash before it rebounds.

[illuminati1] 04/6/2014 17:44

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.

[illuminati1] 04/6/2014 17:32

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.Uranium Participation Corp. Daily ChartHowever, for the past two and a half months the spot price has taken a nasty tumble. It is similar to the recent shakeout in the copper ETF (iPath DJ-UBS Copper Subindex TR (NYSE:JJC)) when copper fell below $3. The marginal players may be shaken out but the long term value investors may be continuing to accumulate uranium miners at decade-low uranium prices below $30.The end of the 20 year Megatons to Megawatts Program will force the United States which is the largest consumer of uranium in the world to look to the domestic uranium producers such as Cameco (CCJ) and Uranerz (URZ).Look for Japan to turn nuclear reactors back on this summer as they can't afford to import record amounts of liquefied natural gas. Remember Asian nations pay 4 to 5 times higher for natural gas. China is making a major IPO to raise money for expansion of nuclear power as well. Japan and China is confirming to long term contrarian uranium investors that nuclear will remain a key base-load power source.However, the big news will come from Germany which went away from nuclear after Fukushima and further relied on imported Russian natural gas through the Ukraine. Electricity costs are skyrocketing in the EU. The tensions and sanctions on Russia has left Western Europe in a vulnerable situation. The German People may want to rethink nuclear as did the Japanese and come to the reality that it is either nuclear or be at the mercy of Putin.Uranium prices are still irrationally low. This basing period is the best time to accumulate if you are a long term investor who believes uranium will rebound. Remember there are more nuclear reactors being built and operated now then before Fukushima. Supply from mines are declining everyday as most current operations are a losing proposition. Cameco, BHP (NYSE:BHP), Rio (NYSE:RIO), Areva (PARIS:AREVA) and Paladin are all cutting back operations at these low price levels.These are the best times for contrarians some of who are doubling down at these levels. They realize that big money continues to wait on the sidelines to enter the spot market. Uranium Participation Corp (OTC:URPTF) raised $58 million to buy spot uranium. There has not seemed to be much buying since this raise which may mean they are looking for a time to enter. When the buying begins, look for the uranium spot price to gap higher.This recent capitulation in the uranium spot price to below $30 may signal the shorts are exhausted. After arguably seven years of basing, uranium has all the characteristics for a sector about to bounce off a major bottom.