With the ASX market picking up quite substantially over the last few months confidence is finally starting to return to the small to mid cap sector. Each and every day we are seeing a number of stocks moving aggressively and volumes increasing.
Today's star performer was Artemis Resoures, up $0.013 to $0.019 (171%) on 61.5 million units. The company announced that a "Review of Mt Clement Project identifies significant antimony mineralisation". Antimony prices have risen signficantly in the past few years and the company believes that this part of their gold project now warrants drilling.
Coal prices have been in the doldrums and we are seeing recovery in this sector now with good gains made by stocks such as Stanmore Coal (SMR), Continental Coal (CCC) and Universal Coal (UNV) today (all up over 10%).
Showing posts with label Artemis Resources (ARV). Show all posts
Showing posts with label Artemis Resources (ARV). Show all posts
Wednesday, January 16, 2013
Tuesday, November 2, 2010
Melbourne Cup Day... Trading will be quiet
It is that first Tuesday in November here, Melbourne Cup day! From my experience volumes will be low today and any share price moves will be exaggerated as a result. Whilst the ASX is open it is a non-settlement day.
Overnight European and US sharemarkets were showed modest gains and/or were flat. Oil prices were strong, base metals were only slightly stronger whilst the gold price was weaker. The RBA makes a decision on interest rate levels today. Stocks which may be of interest today include:
*Resource Star Limited (RSL) - This stock has attempted to break $0.20 the last couple of days and whilst it has breached it intraday it has not managed to close on or above it. Today could be that day. Results from drilling of it's JV Machinga REE project with Globe Metals and Mining (GBE) and pending. Closed at $0.195 yesterday.
*Artemis Resouces (ARV) - The stock hit a high of $0.10 yesterday before closing at $0.094. Again, this stock is awaiting drilling results from its Yangibana Rare Earth Project. The company stated in its Quarterly Activities report on 29/10/2010 that "The Company will release results of this drilling program once all of the results have been received from the laboratory and after the technical team has compiled and interpreted the results."
Good luck in backing a winner today.
Overnight European and US sharemarkets were showed modest gains and/or were flat. Oil prices were strong, base metals were only slightly stronger whilst the gold price was weaker. The RBA makes a decision on interest rate levels today. Stocks which may be of interest today include:
*Resource Star Limited (RSL) - This stock has attempted to break $0.20 the last couple of days and whilst it has breached it intraday it has not managed to close on or above it. Today could be that day. Results from drilling of it's JV Machinga REE project with Globe Metals and Mining (GBE) and pending. Closed at $0.195 yesterday.
*Artemis Resouces (ARV) - The stock hit a high of $0.10 yesterday before closing at $0.094. Again, this stock is awaiting drilling results from its Yangibana Rare Earth Project. The company stated in its Quarterly Activities report on 29/10/2010 that "The Company will release results of this drilling program once all of the results have been received from the laboratory and after the technical team has compiled and interpreted the results."
Good luck in backing a winner today.
Thursday, July 29, 2010
Paladin Energy snaps up Uranium junior in NGM Resources
Paladin Energy (PDN) announces takeover of NGM Resources (NGM) on 21/07/2010.
Paladin Energy had participated in a couple of share placements in NGM Resources in the past so this was a move that has been on the cards for a while. The off market scrip takeover values NGM Reources at $27 million and the consideration under the Offer will comprise one fully paid ordinary Paladin share for every 23.9 fully paid ordinary NGM shares that Paladin does not already own (equivalent of $0.15 per share at closing price on 20/07/2010).
NGM Resources owns three uranium concessions in the highly prospective area of the Tim Mersoi Uranium Basin in Niger, West Africa. Niger has a history of being a high uranium producer and is now the world’s 4th largest. Areva is a French listed company and has been operating in Niger for over 40 years and has definitely had a stranglehold and good relationship with the government. The Niger government is wishing to encourage further uranium mining to assist the economy resulting in many more concessions being granted and global interest by uranium companies. Back to Areva, after signing an agreement with the Niger government the company intends to spend up to US $1.4 billion on developing its Imouren deposit. In order to give perspective, this Imouren deposit is only second to the size of Australia’s Olympic Dam and NGM Resources concessions lie just slightly south.
Another related company is Artemis Resources (ASX: ARV) who are currently focussing on gold projects in Western Australia, their Molybdenum project adjacent to Spinifex Ridge but also have two partly owned tenements in the Tim Mersoi Uranium Basin. The tenements referred to as ‘Tag 2’ and ‘Tag 4’ lie between the major Chinese National Nuclear Corporation deposit and a Rio Tinto (ASX: RIO) deposit. I believe that Artemis Resources is a company that warrants further investigation for potential investment considering the takeover that has occurred for NGM Resources and the interest in this particular area.
For more information regarding the Tim Mersoi Uranium Basin and the companies operating in the region (including those in this article) I highly recommend the following link:
http://www.stratamodel.com/tim_mersoi.htm
I would also recommend looking at the exploration permit map for Niger link on the above website which gives a great indication of the locations of tenements. Please note that the NGM Resources tenements are shown under the company name ‘Indo Energy’, its wholly owned subsidiary.
Paladin Energy had participated in a couple of share placements in NGM Resources in the past so this was a move that has been on the cards for a while. The off market scrip takeover values NGM Reources at $27 million and the consideration under the Offer will comprise one fully paid ordinary Paladin share for every 23.9 fully paid ordinary NGM shares that Paladin does not already own (equivalent of $0.15 per share at closing price on 20/07/2010).
NGM Resources owns three uranium concessions in the highly prospective area of the Tim Mersoi Uranium Basin in Niger, West Africa. Niger has a history of being a high uranium producer and is now the world’s 4th largest. Areva is a French listed company and has been operating in Niger for over 40 years and has definitely had a stranglehold and good relationship with the government. The Niger government is wishing to encourage further uranium mining to assist the economy resulting in many more concessions being granted and global interest by uranium companies. Back to Areva, after signing an agreement with the Niger government the company intends to spend up to US $1.4 billion on developing its Imouren deposit. In order to give perspective, this Imouren deposit is only second to the size of Australia’s Olympic Dam and NGM Resources concessions lie just slightly south.
Another related company is Artemis Resources (ASX: ARV) who are currently focussing on gold projects in Western Australia, their Molybdenum project adjacent to Spinifex Ridge but also have two partly owned tenements in the Tim Mersoi Uranium Basin. The tenements referred to as ‘Tag 2’ and ‘Tag 4’ lie between the major Chinese National Nuclear Corporation deposit and a Rio Tinto (ASX: RIO) deposit. I believe that Artemis Resources is a company that warrants further investigation for potential investment considering the takeover that has occurred for NGM Resources and the interest in this particular area.
For more information regarding the Tim Mersoi Uranium Basin and the companies operating in the region (including those in this article) I highly recommend the following link:
http://www.stratamodel.com/tim_mersoi.htm
I would also recommend looking at the exploration permit map for Niger link on the above website which gives a great indication of the locations of tenements. Please note that the NGM Resources tenements are shown under the company name ‘Indo Energy’, its wholly owned subsidiary.
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