3SOF

Quote from: n1notesguy on September 26, 2008, 08:50:32 AM


Kindest personal regards,

Birk

T. J. Birkenmeier, A Creative Guy & Citizen of the Republic

Yeah, he's creative alright. His math is only off by x1000.

$85B / $200M = $425,  and not $425,000

What's the source of this "creative" writing?

Uranium Resources Takeover Looms as Stock Price Drops (Update1)

By Kelly Riddell

Sept. 3 (Bloomberg) -- Uranium Resources Inc. is sitting on as much as $7 billion worth of the radioactive mineral and may become a takeover target after the shares plunged 83 percent this year, along with the fuel's price.

The Lewisville, Texas-based company has proven uranium reserves in the state of about 800,000 pounds, plus an estimated 101.4 million pounds of the material in New Mexico, according to a regulatory filing. The deposits could power the world's 438 active nuclear-generating plants for a year.

David Dreman, 72, who oversees $13.7 billion as chairman of Jersey City, New Jersey-based Dreman Value Management LLC, bought 51,060 shares this year, boosting his stake to 4.5 percent. The company's biggest investor, Zesiger Capital Group LLC, also increased holdings, according to regulatory filings.

``Uranium Resources is one of the cheapest uranium stocks out there right now, given its assets,'' said Mark Roach, who runs Dreman's $1.8 billion DWS Dreman Small Cap Value Fund. An increase in nuclear power's appeal as a clean-energy source may raise the company's profile as an acquisition target, he said.

The shares, which reached a record closing price of $14.02 on Nov. 6, closed at $2.18 in Nasdaq Stock Market composite trading yesterday. They may be worth $20 each, based on past acquisitions of companies with similar reserves, said Peter Homans, a hedge-fund manager with Parkman LP in Boston. The fund owns the shares, he said.

Uranium Resources rose 44 cents, or 20 percent, to $2.62 at 9:32 a.m. after earlier climbing to $2.67 for the biggest intraday gain since Aug. 13.

`Meaningful Upside'

``From my perspective, the company has 100 million pounds of proven reserves, which is more than any other American company,'' Homans said. ``The contract price for uranium is somewhere around $70. Multiply that by 100 million and you have a present value of $7 billion. For a stock whose market cap is $100 million, there's meaningful upside.''

Calls and e-mails to Bobby Winters, a managing director at Zesiger in New York, weren't returned. The firm owned 14.2 percent of the shares as of June 30, according to data compiled by Bloomberg.

Uranium Resources trades at half the price of Canadian competitors based on the value of its reserves, analyst Paul Stouse at Rice Voelker LLC of Covington, Louisiana, said in an interview.

Saskatoon, Canada-based Cameco Corp. might acquire the company to strengthen its position as the world's biggest uranium miner, Roach said.

Cameco doesn't comment on acquisition targets before investors are informed, spokesman Gord Struthers said.

``However, we are looking for ways to expand our production and have said we're in a growth mode,'' he said. ``It's a small industry; we've probably talked with every company out there.''

Uranium Resources produced 417,000 pounds of the mineral in 2007 and 196,900 through the first half of this year, the company said. By 2014, new and existing mines in Texas may yield as much as 2 million pounds annually, Chief Executive Officer David Clark, 53, said in a presentation June 4.

As much as 9 million pounds may be mined in New Mexico, Clark said.

Unexplored Land

The company also owns 183,000 acres in New Mexico, 70 percent unexplored, Clark said. As much as 588 million pounds of uranium may be found in the state, he said.

``We plan to become a 10-million-pound-a-year producer,'' Clark said in an interview. ``We have some of the largest reserves in the largest reserve area in the country, in the largest uranium-consuming country in the world.''

Uranium Resources has declined 80 percent since the end of June 2007 as the mineral's price slid by about half from a record $138 a pound. Selling by hedge funds and speculators, who had bet prices would rise with oil, accounted for the drop, said analyst Eric Webb of Roswell, Georgia-based Ux Consulting Co.

Mill Purchase

Dropping prices forced the company to abandon an acquisition of a mill in New Mexico after the deal became too expensive, Clark said. Scrapping the plan was a disappointment to some investors because it delayed production in New Mexico, Homans said.

The company won't meet a forecast of 400,000 pounds of uranium production this year because of aging properties and difficulties extracting the mineral from the Rosita mine in Texas, Clark said in a conference call with investors Aug. 11.

Uranium Resources sold stock at a discount in a private equity offering in May to raise money for exploration and well repair. The sale angered some investors as it diluted the value of their stakes and didn't help save the mill purchase, Homans said.

``The falling price of uranium has taken its toll,'' Clark said in an interview. ``We don't have the same level of interested investors as we had a year ago, but we have seen a rotation to people interested in the long-term fundamentals of the market and those fundamentals remain strong.''

Uranium Demand

Atomic reactors consume about 165 million pounds of uranium worldwide annually. Only 110 million pounds are produced each year, according to the World Nuclear Association, a London-based industry group. The remaining 55 million pounds come from gradually declining sources, including former weapons material. Those stores are forecast to run out by 2013.

The number of reactors may expand to 740 worldwide by 2030 as China and India build new plants and other countries increase their use of atomic energy, the association said.

Primary uranium supplies would have to triple by that date to meet predicted demand, the association said. New producers will be needed or current suppliers will have to add capacity through acquisitions, said Justin Reid, a mining analyst at Cormark Securities Inc. in Toronto.

Navajo Land

Uranium Resources has been unable to extract ore from a section of its 2,200-acre Church Rock property in New Mexico because of a dispute over the authority to issue a mining permit. The U.S. Environmental Protection Agency ruled last year that the Navajo Nation and not the state has jurisdiction, the company said in a statement.

It could begin producing 1 million pounds of uranium a year within the next 18 months if an appeal is successful, the company said. The case will continue if the court sides with the EPA.

The U.S. Court of Appeals for the 10th Circuit in Denver may rule in the next three to six months, Homans said.

``These are just bumps in the road,'' Roach said. ``The company is an asset play and management is doing all of the things it should to build shareholder value. Wait for uranium prices to recover. This will be a stock to own.''

The case is HRI, Inc., v. EPA, 07-9506, U.S. Court of Appeals for the Tenth Circuit (Denver).

To contact the reporter on this story: Kelly Riddell in Washington at [email protected].

Last Updated: September 3, 2008 09:45 EDT

12:36AM Sciele Pharma acquired by Shionogi & Co for $31/share in cash (SCRX)

chart update

chart update

Thanks for the reply Rick, and good luck to you.

Nice find Rick. Just wondering since it doesn't appear too likely to close the gap today, will you hold overnight?

I figured you would delete your posts yet AGAIN.

And I know why you ask to now have the entire thread deleted.

This is a public thread and no matter that you started the thread, what right do have to ask the entire thread be deleted? What you would really like is for my posts to be deleted.

I do not wish to have my posts deleted from this thread or the thread deleted in totality. I wish them to remain public record and would take great insult if the posts or the thread is removed.

If this thread is deleted, I would assume that 3SOF does endorse your sickeningly deceitful tactics, giving you free reign to start all over with a new thread, and back you would be, I have no doubts.

If the moderators do decide to delete this thread, I ask that they also delete all threads, in their entirety I have ever started, and I will no longer be a contibutor of 3SoF in any way whatsoever.

I purposely put SINA on the message board yesterday as an ER loser even though the ER was not particularly bad. I put it there hoping others would take a closer look at your SINA buy and then some of your other purported trades.

Are you also the former shawfund that used to post here? Was that an attempt to get people to believe you are affiliated with the infamous D.E. Shaw (hedge) fund?

I find it very sad  that you are such a master of deceit and little else.

I caught on to you long ago and I hope 3SOF moderators and other good people will also before  further endorsing your activities further and possibly injuring more innocent people.

I think it would be an extreme disservice to readers to for 3SOF to continue to endorse your tactics here . And thats my opinion.

Quote from: wpSoft2008 on August 08, 2008, 12:39:35 PM
Hi, BigSully1:

1. The reason:

X - I made several posts for X in my blog, not here. When the market crushed Monday and X was at 139, I said that holding all stocks including X and I believe that I can make X break-even and that was what happened Tuesday. I did make it break-even

What does Monday and Tuesday have to do with it, when you tried to weasle out of getting stopped out of both TSL and X Monday/Tuesday and then claimed Wednesday afternoon that you were still holding all 5 positions WEDNESDAY at 2:35P.M. and then After the close WED you then claimed to have closed all positions.  X never made it back to $147.35. Will you now try to modify your posts again?

And the B.S. just keeps getting deeper.

I believe you are aardvark. If you are not then which one are you? You've nothing to hide right?

Quote from: wpSoft2008 on August 08, 2008, 11:52:39 AM
Out

Also any questions about last round of trades (GME, GIGM, TSL - traded as high as 28.78 yesterday, XOM) please let me know. 1 loser, 1 even, 3 winers.

Why do you leave X out of your question welcoming? You still never explained the miracle of selling X at $147.35

Are you aardvark? If so, as the winner of the qualifying round, why were you disqualified from any prizes AND disqualified from winning an entry into the actual Strategy Lab?? If it was for what I believe, you'll never make it past the qualifying round, no matter what your game playing results are.

Thanks for the invite, but I don't play those kind of games

Have fun anyway

WOW, absolutely stunning trade you made on SINA. Another recent eye boggling trade you made yesterday was selling X for $147.35 after 2:25:36 P.M. yesterday. OMG, I'm amazed

Ares, I'm really baffled trying to understand your UYG/SKF endeavour.

I can understand that you are only "realizing" profits, but it seems to me that you are also gaining an ever-growing inventory of much bigger unrealized losses. Right or wrong? Also with you now accumulating SKF "inventory", you have effectively neutralized 3 of your UYG positions - er kind of.

Maybe I'm real dense and missing something, but with the ETF management fees, trading commissions, etc., I don't see how you can possibly ever come out on this kind of strategy.

Also since these are 2X inverse funds and are designed to only approximate 2X (DAILY) inverse, not weekly nor monthly, and with the effects of compounding, I would think the UYG/SKF charts would become skewed beyond much predictability. Seems to me that UYG/SKF chart reflects the "effect" and not the "cause" and therefore the $DJUSFN chart, or I guess the XLF chart in your case, since you try to rely on more immediate insight, would be a more reliable predictor of future movement, IMO.

I hope this works out for you somehow Ares, I just cannot imagine how.

USD is rallying again for whatever reason

http://quotes.ino.com/chart/?s=NYBOT_DX&v=d1&w=1&t=c&a=50