Wildhorse Eng Share Discussion Threads

[traidemark] 22/9/2015 07:14

Substantial resources found at just about every drill Re rate time.

[noirua] 22/9/2015 01:06

Prices on ASX:

[noirua] 22/9/2015 00:50

SUCCESSFUL SHALLOW CORE DRILLING PROGRAM COMPLETED AT LAKE WELLS PROJECT

[noirua] 21/9/2015 21:21

Only once over many years have I held a stock that recovered from a large consolidation and that was due to coal prices rising during 2003 to 2009; rose from market cap of A$10m to A$4.3 billion at the peak. PCI coal rose from $55 a tonne to $180 per tonne - only something like that would take us up enough in the case of WHE.
The present management are thinking very big indeed and maybe they do have the contacts to pull this one off.

[jarbie] 21/9/2015 19:17

I don't think we will ever recover from the 1 for 30 consolidation
that was a disaster for the shareholders - any contrary views ?

[noirua] 21/9/2015 18:18

June 30 2015 quarterly trading report:
The Company undertook a heritage clearance survey at the Lake Wells Project, with the Aboriginal Heritage Consultants agreeing the proposed drilling and resource evaluation program to be undertaken at the Lake Wells Project. Drilling and other testwork is scheduled to commence in the current quarter.

[traidemark] 21/9/2015 16:20

It's either a find or a takeover bid. Often the latter as the company would suspend to confirm.

[noirua] 21/9/2015 14:33

It would be unusual to request a 'Trading Halt' on the ASX just to say exploration has started. So it has to be more than that, however, that is not always good news but at WHE's stage of progress and an announcement in June last to expect further news in the coming months, it is likely to be favourable. No mention of further cash raising so that can't be part of the reason - we'll see on Wednesday.

[nick] 21/9/2015 10:22

All old news

[colin12345678] 21/9/2015 09:09

The Lake Wells Project comprises an area of 1,126 km2 substantially covering the Lake Wells playa near Laverton. The playa has been extensively drilled and sampled, with a high average dissolved potassium (K) content of 5,220 mg/L and brine chemistry which favours potential production of SOP by conventional methods. The high catchment area to lake ratio also indicates good brine recharge potential.

· The Lake Ballard Project comprises 775 km2 and is located 350 km to the south-west of the Lake Wells Project. Historical sampling indicates highly elevated potassium contents in the brines and the project also has a large catchment area, very good evaporation potential and access to excellent transport infrastructure and the Goldfields gas pipeline.

· The Company successfully completed its five for one renounceable entitlement issue raising $3.8 million (before costs) placing the Company in a strong financial position to progress its current projects and new projects.

· The Company appointed Mr Matthew Syme, a highly experienced resources company director, as a Non-Executive Director.

The Board believes that this acquisition provides the Company with the opportunity to build a high margin business supplying an increasingly sought after value adding agricultural product to both domestic and international markets. The Board looks forward to making further announcements to the market as the Projects progress.

[colin12345678] 21/9/2015 09:02

Wildhorse Energy (LON:WHE) has returned its first quarterly results since the transformation acquisition of two potash projects in Western Australia.

The company announced its intention to acquire the Lake Wells and Lake Ballard projects in an all-shares deal back in April, and completed on the purchase in June.

Since then, it’s been straight to work, with a heritage survey now completed at Lake Wells, and further licenses granted at Lake Ballard.

The progress at Lake Wells is particularly significant as it has involved the approval of Aboriginal Heritage Consultants for a potential drilling campaign.

That clears the way for a full resource evaluation programme and means that significant newsflow is likely to be forthcoming from Lake Wells in due course.

Meanwhile, at Lake Ballard, reconnaissance exploration work has now got underway.

Both projects look highly prospective for economic quantities of a premium form of potash, known as sulphate of potash (SOP).

Unlike standard forms of potash, usually known as muriate of potash (MOP), sulphate of potash does not contain chlorine, which can be harmful to some plants, particularly sensitive high yielding crops like fruits and tobaccos

The pricing tells the story. Whereas the prices for MOP have been under pressure for some time, and in particular since the Canadian and Russian cartels broke up a couple of years ago, pricing for SOP has held up pretty well.

For many years the prices of SOP and MOP tracked each other, with SOP selling at a significant premium, but none the less mirroring moves in the MOP price.

Within the past couple of years though, there has been a divergence.

MOP prices have weakened, while SOP prices have continued to strengthen.

That’s because SOP supply is constrained.

It’s a premium product and there’s not much of it about.

Which is why Wildhorse Energy has shown such an interest in its SOP projects in Western Australia.

At the end of June the company had just over A$3 mln in the bank to enable it to proceed with further work

[colin12345678] 21/9/2015 08:58

dont miss it this went up 162% just on this in april this news will be bigger


By Harriet Mann | Tue, 7th April 2015 - 13:48
Share this
Why Wildhorse Energy rose 162%
Suspending its shares on the Australian Stock Exchange pending news of a potential acquisition did wonders for Wildhorse Energy's (WHE) UK share price on Tuesday, which jumped by as much as 162%.

[colin12345678] 21/9/2015 08:46

Looks like it the new AFPO here Potash been found!!! will rise better than AFPO

[traidemark] 21/9/2015 08:40

good news coming?

[geoff80] 31/7/2015 09:04

Not much interest at 7.4p. Surely some better prospects showing here.

[jarbie] 13/4/2015 17:33

More licenses to our name which need cash to develop
do we never learn ? only takeover or a big rights issue
are the options - which way will the directors go
this time ? we now have rights to three diverse minerals
unlikely to appeal to any one mining company

[geoff80] 09/4/2015 08:53

Only 15m shares in issue means a strong rise with any serious buying.

[tomboyb] 09/4/2015 08:26

Potash is always interesting -

I wonder what everyone thinks of the acquisition

[jarbie] 08/4/2015 18:12

Consolidation of 1 for 30 was a disaster
it was a brave punter who took the rights
or bought at half the rights price but
it was the only way to stay above water.
Most punters lost serious money -
Directors don't care about shareholders!
where now ? is the question for most of us

[neillp] 07/4/2015 16:18

There comment on Investors Champion re Wildhorse:

[tidy 2] 07/4/2015 10:56

Lol. I used some profit for Oex resource update and production connect up news.

[gerhart] 07/4/2015 10:38

I didn't take up my rights as I lost faith in management - good money after bad etc.

Colin as Phil points out, slack, casued by lack of interest, was duly taken up.

We don't even know what they are supposed to have bought yet. Knowing our luck, probably an umbrella shop in the Australian outback!!