UMC Energy Share Discussion Threads

[ppowerscourt] 01/8/2007 17:07

A sell of 1970 shares at 26p at 9:41am could do this kind of damage? Unbelievable!

Makes buying more difficult without knowing the root causes for the persistent slide.

[papillon] 26/7/2007 17:01

Thats OK strow. It looks like a good buying opportunity to me. The company has 80% of an excellent prospect. Similar geology to URA's Tanzanian prospect, but they only have 40% because of JV with WMT. However UEP have to pay all of their exploration costs so a fund raising, or JV is always a possibility. They had £1.8 million of cash at 31/01/07 so probably have sufficient for another 12 months? Mkt Cap currently around half that of URA.

[strow] 26/7/2007 16:46

Thanks-very helpful-typical as i was just preaching the virtues of patience on the tmc thread too ! :-)

[papillon] 26/7/2007 13:55

Of course holders do know strow; just can't be bothered to post? Also not everybody has access to a computer terminal during the day to answer your query!! Don't be so impatient. UMN's major Namibia deposit has average grades of only 0.015% U308, much less than UEP, but Areva are paying US$2.5 billion for UMN. Like UMN, UEP should be a low cost producer because its potential deposit is shallow and suitable for open pit, in situ leach, extraction, like UMN's Trekkopjie. UMN's cost will only be around US$20 per lb U308. I expect UEP's costs to be similar.

[strow] 26/7/2007 12:50

Hang on-i cant believe that there is not a single holder of this share that doesnt know the answer to this-why be a holder if you dont??obviously costs are a very important factor,but it is the grades that will offset this and as far as i can see,from what we know so far,these grades are sub-economic

[mitzis] 26/7/2007 09:28

Looking even cheaper than ever.

[strow] 25/7/2007 21:00

What i cant understand is how grades of 0.037% can possibly be economical,as even the majors are now taking their cut-offs at 0.08%-does anyone know the answer to this?? thanks

[sllab101] 25/7/2007 18:58

Any views?

[nghomi] 18/7/2007 15:36

papillon, thanks for your comment. Soon after my post, I realised about the mistake I had made. We need to wait until early next year to see what would be the formal outcome of this pre-feasibiliy phase. So far, results are promising. We all know that if UEP owns proven commercial reserves, we wouldn't have a market cap of £12m.

[papillon] 16/7/2007 15:57

nghomi, resource in the ground is only ever valued at a fraction of the actual price that would be received if were to be dug out of the ground and sold. If you look at UMN their actual resource (measured, indicated and inferred) is only valued at around US$10 per lb in the ground (subject of a takeover bid from Areva) even though most of CAPEX has been raised and production is soon to start plus they have other JV's, so more exploration potential. So don't get too carried away with your valuation for UEP..

[7kiwi] 12/7/2007 17:07

IVK owns a stake in UEP.

[gooner6] 05/7/2007 13:11

What interest from IVK.

[nghomi] 05/7/2007 08:16

"IEAE expects several 5000 to 10000 tones depostis of Uranium metal depoists to be found in the basin"

Vow, even if we found only 5000 tones of Uranium, we could be talking about $1.1B worth of Uranium!!!! I am only considering Uranium prices of $100 per pound!!!! Now if we consider three 5000 tones, then we would have $3.3B. I am surprised that UEP has not attracted any more investors after her recent positive update. I am IVK holder and IMHO the current interest of IVK in UEP could be potentially more valuable than IVK's today market cap! 20% of $3.3B would be at least £300m!!!! Which 7 times more than current market cap of IVK!!!!

[papillon] 27/6/2007 20:30

Are you thinking of investing here Martin?

[ppowerscourt] 25/6/2007 14:59

Martin, thanks.

[marnewton] 25/6/2007 10:22

I don't have a position...chart posted for a fellow investor.

RSI (not shown) is overbought but can remain so for a considerable time in a strongly trending stock.

Volume (not shown) suggests this latest move up has far more sponsorship than the last, in April, which was on very little volume.

Resistance is...er obvious!

(Some familiar names here;@)

M

By

[sllab101] 25/6/2007 09:20

Umc Energy Operations Update


RNS Number:9325Y
Investika Ltd
25 June 2007

INVESTIKA LTD





URANIUM EXPLORATION UPDATE





25 June 2007



UMC Energy plc, in which Investika Ltd presently has a 20.5% interest, has
released the following announcement:

"The directors of UMC Energy (AIM : UEP) are pleased to advise the receipt of
the first assay results from its Folokara District exploration leases in the
Morondava basin in Madagascar.

These are preliminary values from the initial batch of 36 samples which were
submitted, in mid-May 2007, to Activation Laboratories in Canada for analysis.
Final values are awaited.

The samples were prepared from the diamond drill cores obtained from two, of a
total of six, initial vertical scout holes drilled just before the onset of the
Madagascan rainy season, during which these leases are inaccessible. Samples
were selected using radiometric scanning of core material.

The holes were drilled as an exploratory measure to verify the presence of
uranium mineralisation indicated in the historical exploration database which
was acquired by the Company in late 2006 and as an indication of the type of
ground conditions that could be expected for the 2007 drilling programme.

Hole FOL06-1 intersected 4.26m @ 0.019%U3O8 below 13.70m, and 3.42m @ 0.036%U3O8
below 17.43m. Core recovery was over 88%.

Hole FOL06-2, located 100m north of FOL06-1, intersected 7.60m @ 0.039%U3O8
below 23.70m, including 1.10m @ 0.251%U3O8 below 27.70m.

The latter zone contained visible secondary uranium minerals in an oxidised
sandstone, and core recovery was over 99%.

The Company is encouraged by this preliminary result and will make further
announcements when results from the 2007 exploration drilling programme, which
began in mid-June, are received.

Mr Michael Smith, CEO of the Company, is a member of The Association of Mine
Managers of South Africa and is the qualified person who has reviewed and
approved the technical information contained in this announcement."



Enquiries to:

[sllab101] 22/6/2007 13:02

Umc Energy Operations Update


RNS Number:8717Y
UMC Energy PLC
22 June 2007




UMC ENERGY PLC

("UMC Energy" or "the Company")





OPERATIONS UPDATE



London 22 June 2007. The directors of UMC Energy (AIM : UEP) are pleased to
advise the receipt of the first assay results from its Folokara District
exploration leases in the Morondava basin in Madagascar.



These are preliminary values from the initial batch of 36 samples which were
submitted, in mid-May 2007, to Activation Laboratories in Canada for analysis.
Final values are awaited.



The samples were prepared from the diamond drill cores obtained from two, of a
total of six, initial vertical scout holes drilled just before the onset of the
Madagascan rainy season, during which these leases are inaccessible. Samples
were selected using radiometric scanning of core material.



The holes were drilled as an exploratory measure to verify the presence of
uranium mineralisation indicated in the historical exploration database which
was acquired by the Company in late 2006 and as an indication of the type of
ground conditions that could be expected for the 2007 drilling programme.



Hole FOL06-1 intersected 4.26m @ 0.019%U3O8 below 13.70m, and 3.42m @ 0.036%U3O8
below 17.43m. Core recovery was over 88%.

Hole FOL06-2, located 100m north of FOL06-1, intersected 7.60m @ 0.039%U3O8
below 23.70m, including 1.10m @ 0.251%U3O8 below 27.70m.

The latter zone contained visible secondary uranium minerals in an oxidised
sandstone, and core recovery was over 99%.



The Company is encouraged by this preliminary result and will make further
announcements when results from the 2007 exploration drilling programme, which
began in mid-June, are received.



Mr Michael Smith, CEO of the Company, is a member of The Association of Mine
Managers of South Africa and is the qualified person who has reviewed and
approved the technical information contained in this announcement.



For further information:


Hugh Oram Nabarro Wells & Co Ltd Tel: [phone]

Annie Richards UMC Energy plc Tel: [phone]

Charles Vivian Pelham Public Relations Tel: [phone]

[capt bligh] 22/6/2007 12:25

seems to have upward mobility and virtual blue skies ahead canadian listing must be on the cards any mo and we have to expect some survey results over the next couple of months?

[mitzis] 22/6/2007 12:06

Enjoy your trip capt.

[capt bligh] 22/6/2007 11:19

In for a punt

[mitzis] 21/6/2007 16:30

Wow this is exciting.....

[freedosh] 21/6/2007 13:34

If only! LOLs wassapper
freedosh