Tax Season is Here! Save 15% on H&R Block Online
iconAll times are GMT -4. The time now is 01:57 AM. | Search:

» StockRants Stock Forum » Public Stock Forums » Canadian Stock Picks » Strong Buy: European Uranium Resources



Reply
 
Thread Tools Search this Thread
Old 01-29-2015, 03:19 PM   Nav to Top  #1
the old trout
Junior Trader
 
the old trout's Avatar
 
Join Date: May 2009
Location: Cardiff
Posts: 1
Favorites: jpr, gkp, ros
Rep Power: 130
Reputation: 10
the old trout is on a distinguished road
Money European Uranium Resources

You need to check this one out very quickly if you want to make some easy gains. It has a high grade uranium resource in Slovakia, where it is partnered by a UK listed company Forte Energy (FTE). FTE has recently announced a significant upgrade to the resource under the JORC code: 403 Forbidden

FTE's stock price has soared in the last few months and today it announced that "The Company has been actively looking at other opportunities for acquisition in the Uranium sector that will provide synergies with its existing assets. The Company has identified certain assets that it believes would fit those criteria and is pursuing talks and negotiations with the relevant parties and will advise shareholders of progress." 403 Forbidden

Now personally I can't think of anything which would provide more synergy for FTE than acquisition of EUU or at least it's 50% share of the Slovakian JV. It currently has a market cap of only $1.3m, trading at all time lows, and is completely off the radar as unlike FTE it has not bothered to update the market on the resource upgrade, which to me confirms that it is in discussions. Given the low capitalisation there has to be a very substantial bid premium here imho so probably the easiest money you will ever make if you can move before the market cottons on.
the old trout is offline   Rate this post Yes | No Reply With Quote
Reply

Tags
EUUNF, TVCFD, V.EUU

Similar Threads
Thread Thread Starter Forum Replies Last Post
European countries are being Downgraded, NZD/USD Jumps dodjit Traders Lounge 1 07-05-2013 11:14 PM
Strong Buy: How to profit from European trouble StockRanger US Stock Picks 0 11-19-2011 03:07 PM
Watch: European Goldfields (AIM / Gold) - Watch VicVan Euro / UK Stock Picks 2 06-11-2009 02:06 PM
Long: URRE Uranium Resources AKrider US Stock Picks 5 05-18-2009 09:57 PM


Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On