THIS LISTED AS FAR AS IM AWARE TUES. WENT UP APR 150% ON CLOSE THIS MORNING HAS GONE UP FUTHER 26% TO 10.5P CANT FIND ANY BACKGROUND ON THE CO.
BUT IS THIS GOING GO FUTHER OR NOT?

Nice one.

Hi, Ras, I've bought again.

It's really moving now.

Yes, nice breakout.

Where do you see the next consolidation?

I am not sure, i want to see what comes out at the AGM which has been put back to 7th June.
This will IMHO, move to 9 over the next two weeks.

The trend is upward, look at the spot price of uranium in USA.

Yep, agreed. I reckon the 8.4p minimum price for the aussies may turn out to be more like 10p.

Can't see this dipping much below 7p, if it even gets that far.

Then the next leg up.

Can see this hanging around 8p until the ASX price is made clearer - could be more like 10p.

Good to give both sides of the story....

From Resource Investor..

James Dines Uranium Picks Review, Part 2

By Jon A. Nones
17 May 2007 at 06:16 PM GMT-04:00


NEW YORK (ResourceInvestor.com) -- With uranium now priced at $120/lb and supply-demand fundamentals overly bullish, its hard to stomach a contrarian viewpoint. However, with so many junior uranium stocks trading near 52-week highs, more and more analysts are questioning whether the market is getting overheated.

Last month at the Uranium Stock Summit, Rick Rule of Global Resource Investments recommended taking some money off the table.




Make the money, take the money, he said. We are late in the cycle. Weve gone from homeruns of 10-baggers to doubles and triples.

Rule said there is still money to be made, but advocated being very selective when picking the right uranium stocks. At the time, he suggested Denison Mines [TSX:DML], Azimut Exploration [TSX-V:AZM] and Paladin Resources [TSX:PDN].

James Dines, editor of the Dines Letter, told listeners at this years New York Hard Assets Investment Conference that most people still dont know that a uranium bull market is going on, so theres still upside to come. However, even the original uranium bug was less confident about the longevity of the screaming uptrend.

I will be taking you out of uranium in the next few years, said Dines. This is not a sustainable boom.

But Dines was not shy about giving suggestions in a special uranium panel called Mr. Dines Uranium Picks. Last year, Resource Investor decided to review Dines uranium picks from a similar panel in an article entitled, James Dines Uranium Picks Review.

At the time of the article, six of eight picks made throughout the year were in the green. Today, however, only five of nine are still positive.

At the New York Hard Assets Investment Conference in May 2006, Dines covered Pinetree Capital Ltd. [TSX:PNP], Laramide Resources [TSX:LAM], Alberta Star Development Corp. [TSX-V:ASX; OTCBB:ASXSF] and Continental Precious Minerals [TSX-V:CZQ]. Laramide is the shining star among this group, with Continental trailing the pack.

It's good to be in one with so much near-term potential and such excellent U grades already then, in other words substance, like URA. There are so many over-priced examples out there, but this certainly isn't one of them imo. Also worth noting that although U stocks have had a bull-run on the AIM, on the TSX and ASX markets the article seems to be focussed on, U stocks have reached MUCH higher valuations.

The author also has to remember that big trends usually go on for much longer than people expect, and also that there is a genuine supply-demand issue that is not going to get better any time soon, in U. It's not just a craze or a vagiary of the market.

Western Metals Uranium Resources says decided to dual list on Australian Stock Exchange


LONDON (Thomson Financial) - Uranium Resources PLC said it has decided to
dual list on the Australian Stock Exchange to increase its exposure in the
Australian investment community.
The AIM-listed company uranium exploration and development company said in
an AGM statement it has made considerable progress in advancing its portfolio
with the latest acquisition of licences to increase its land area to about
14,000 square kilometres in the Karoo Basin.
It added it is ideally placed to progress its exploration activities over
2007 in the joint venture with Western Metals.
Uranium Resources said it has resumed its exploration programme with a
reverse circulation drilling programme on its Mytona project in southern
Tanzania. It said initially, 4,000 metres of drilling is scheduled for June on
Mytona licence areas, including the Henri prospect.
It expects the first assay results from the drilling programme in early
August.

AGM agreement to to float on ASX. This must be an excellent move and IF recent sampling results confirms the high grade U ores this share will fly, especially with the associated JV with Australian production company. Application papers ready to submit has been reported.

whats going on with these? price of U up, they have found high grade U ores and positive AGM agreements.
Whilst i am not expecting bells and whistles, a little hike in the SP would be nice.
anyone care to comment[constructively preferred]
Alex

Moving back up again this morning.

Dropped on low volumes. Suggests market shakeout before the real action starts.

robert, We know they have high grade ore, all we are waiting for now is to find out how much. Hopefully drilling results soon should give us good figures. Then watch this fly.
10p+ maybe even 20 OIMHO 8-)

Does anyone know what kind of timescale for drilling results?

"Early August"

Looks like ASX:WMT has finally turned.

Got back in on Friday, results of drilling test this week. Looking good.

Friday, July 20, 2007

The big news today for holders of Western Metals was that it went into a trading halt this morning pending an announcement.

We all know that they are currently drilling at their Mtonya project in Tanzania so everybody has been guessing that it will be the long awaited drilling results from the Henri anomaly. This evening Western Metals' joint venture partner Uranium Resources PLC made the following announcement to the London Stock Exchange:

URAs joint venture partner, Western Metals Limited (WMT), has received further drilling results from Tanzania. WMT is currently evaluating these results. URA will make a further announcement in the coming days, as soon as it receives full details.

If the drilling results are good then expect Western Metals to open at a significant premium on Tuesday.
http://crazyjimsmith.blogspot.com/

I also bought in friday driver and topped up today

Guess we will know something tonight when WMT release news