short term trading - week starting 21st may, page-2

Weekly Fundamental and Technical Analysis Prospects - Week Starting 21st May 2012 (No. 16)

Here’s this week’s FA and TA List. The newer items first and those carried forward from last week towards back of list (some of the items from last week have a time horizon of more that one week).
Again, I have taken the liberty of adding some info where it was unclear or fixing typos where I came across them. Hope no one minds. I have reduced the list to 10 or so items again. If you would like me to change your item then please let me know and I will update and I will re-issue. Will open for submissions on next week’s list this Friday after market close. All market caps are undiluted and were correct at time of posting (Note: Max time for any entry on list will be 4 weeks after which time it will be removed).

Important Note: Remember just because it appears on the list does not necessarily mean it will rise in price... it may actually fall or do nothing. So it is critical that research it first and make your own mind up to invest or not. I suggest you run a stop-loss at all times when trading/investing. How tight your stops are depends on your threshold to risk and financial pain. Lastly I take no responsibility for the accuracy of the information provided by Spotters as I do not have the time to research all the facts that have been provided. Best of Luck.!


Weekly Fundamental Analysis Prospects
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WHE - UCG & Uranium in Hungary, Pre Feasibility Study for UCG encouraging. Bankable Feasibility underway. Favourable energy dynamics & pricing in current economic environment. Has 77m lb U308 with upside target of 100mlb. Non binding co-operation agreement with state owned entities that want to develop Macsek Hils Uranium project. Mecsek Hills updated JORC Inferred coal resource of 383 million tonnes for UCG The ONLY stock trading at a premium to placement @ 0.077, specially in this highly sceptical market. Has a cash balance of $10m (Mcap $23.9m)
[Trading a premium to placement]
Spotted By: “3500” (Position Held)

GLA - Magnetite in Uruguay, Best intersection 90m@ 35%fe Pre- feasibility study on development of a pig iron project utilising mini blast furnace technology due. Project approvals process commenced following lodgement of the Project Communication Document at the Uruguayan Department for the Environment. SRK consulting has been engaged to update the resource estimate for the project area (Mcap $15.8m)
[Takeover looming as per recent Sub Notices]
Spotted By: Pgamble76 ( Position Held)

OBL - Oil/Gas in Canning Basin WA. Oil Basins Limited is involved in exploration for oil and gas in the offshore Gippsland Basin waters of south-eastern Australia, the onshore Canning Basin of Western Australia and the offshore Carnarvon Basin waters of Western Australia, importantly (as stated in its Business Model) all assets are situated in good hydrocarbon addresses and all are strategically close or adjacent to existing or future development infrastructure. The forthcoming Backreef-1 well production tests are to occur shortly (Mcap:$24.3m)
[Upcoming well production testing 17 – 20 May]
Spotted By: Janus (Position Held)

ZYL - Anthracite Coal in South Africa. Jorc 193mt want to start production in 2013, Coal exploration and development company operating in South Africa focused on becoming a leading producer of high quality anthracite coal for export and South African markets. It has prioritised development of its Mbila Project in KwaZulu-Natal province for delivery of high-grade anthracite, primarily to South African industrial consumers. Medium-term, the company plans to develop its Kangwane Project (consisting of Kangwane Central and Kangwane South) in Mpumalanga province, which will produce anthracite for export. Awaiting announcement resource upgrade - good summation in the Canaccord BGF valuation released (publicly) today which can be found at http://www.zyllimited.com.au/images/stories/fact-sheets/CBGF_ZYL_23042012_research_report.pdf , Warwick Grigor who is highly regarded in the resources sector gives a price target multiples above current price. (Mcap:$72m)
[Resource upgrade drilling at Kangwane and ?Mbila, DFS is expected end of Q2 2012.]
Spotted By: KookE (No Position Held)

TLG - Graphite in Sweden, World class Jorc inferred resource (Nunasvaara: 3.6Mt @ 23.0% C, • Raitajärvi: 0.5Mt @ 10.8% C). Company is targeting 11.6 - 38.8Mt @ 3.4 - 40.9% C (to 50m depth). Recent Ann to the ASX stated that TLG Jorc “..includes the highest grade graphite deposit published by any public company in the world...” (Source: TLG Investor Presentation ASX, 3 May). Company has a series of high grade deposits all within 50km radius and almost all have historic or current high grade trench/drill results. Even through this company has one of the biggest defined resources outside of China there is the potential for massive upside with the Nunasvaara strike currently at 700m long and open at depth and along strike (with potential 15km outcrop mapped but not tested), Raitajärvi strike at 200m is open at depth and along strike (growth potential: 3km mapped EM conductors) and with Liviovaara prospect with 700m of EM conductors. Mcap for TLG is trading at a significant discount to TSX listed graphite companies with similar resource. Cash balance is on the low side so expect a Cap raise in the next few months. (Mcap: $17.8m)
[World class resource over due for rerating]
Spotted By: Freehold (Position Held)

IDC - Gold exploration in PNG and Cambodia, Large intercepts of very high grade gold/silver assays have been returned from the mineralised zones in a further 3 drill holes, and highlight the potential at the major gold/silver project at Mt Kare, in Papua New Guinea (PNG). Best results include: 17.7m @ 100.3g/t Au, and 134 g/t silver from 59m, including 4 m at 420 g/t gold, 170 g/t silver from 67m. Over 25 holes are pending assays, the results of which will be released soon. (Mcap:$68m)
[Expectation of Announcement of possible high grades of Au coming up in the next two weeks]
Spotted By: Janus (Position Held)

TIS - Health wound healing therapies, VitroGro developed by QUT, a cost-effective, easy to apply treatment for acute wounds and chronic ulcers, trials have shown it to be superior to other products available. Currently waiting on UK and EUR approvals prior to sales, ie CE Mark. Have partnerships with a marketing and sales, and also a logistics group, so are targeting sales for end of June 2012. Fundamentally has huge potential, if approvals all given in UK and Eur - the next move would be US market, market sentiment anticipating the CE Mark approvals. Risks of course, if approvals are delayed, otherwise are all primed and ready to go. (Mcap: $76m)
[Possible UK/Euro approval of product for use]
Spotted By: Anonymous (Position Held)

MYG - Gold Explorer in WA. At Defector prospect (East of Geraldton). It has a Jorc resource of 3.4mt @ 4.9 g/t Au for 505k oz contained Au. Recent step out drilling has intersected 11m @ 14.4 g/t Au from 54m, and 4m @ 10.23 g/t from 75m. Currently working on Definitive Feasibility Study and a upgraded resource estimate which is expected this Qtr. (Mcap: $33.7m)
[Expecting more impressive drill results to expand resource]
Spotted By: Hoodlum (Position Held in Option MYGOB)

KPL -Oil/Gas in PNG, Currently maintains working interests in 5 exploration licences in PNG for Approx 21,00km2 of ground. Company has an experienced board and mgmt and has JV's and farmins with experienced and well funded partners.. It intends to be an aggressive explorer and all indications are for a regular news flow. Quarter ended 31 March 2012 was a positive period for the company with 2 successful appraisal wells drilled on the Elevala and Ketu Fields and a significant upgrade of the resource numbers for Elevala Field. The company has plans to move from explorer to producer and wants to be cash flow positive asap. On Friday the company announced that it had perforated the gas column in the Ketu-2 well and the well was flowing gas with a wellhead pressure of 2,600 psi (through a 48/64” choke) which was continuing to increase as the well cleans up. (Mcap: $59.7m)
[Expecting further news/results from the current drilling campaign]
Spotted By: Anonymous (Position Unknown)



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Weekly Technical Analysis Prospects
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MZI - (Zircon/Rutile production on Tiwi Islands and Leucoxene in SW WA) Reversal ascending triangle. The 1.3c depth of the triangle gives a price target of 3.6c once the resistance of 2.3c is gone. (Mcap $25.5m)
Spotted By: Timbosivic (Position Unknown)


THR - (Tungsten / Molybdenum / Au in NT) Ascending triangle since early May. Showing support on the 30 week MA (or 150 day MA). Needs to break .028 with some volume.
(Mcap $5.34m)
Spotted By: Jimmy64 (No Position Held)

AGO (Short) - (Iron Ore in Pilbara) Breaking supports with relative ease. Approaching next major support around $2 at a fast rate...I don't expect it to hold. The OBV paints a grim picture ( in negative territory of some 250m from where it stood when the SP was 0.40 in 2008)....Smart money is fleeing in a sinister way (Mcap $2.06b)
Spotted By: “3500” (No Position Held)

GOR (Short) - Persistent and almost uniform downtrend in place since Feb (when rest of market was rallying) expect that overall market volatility will not improve the situation for this stock and down trend to continue on its current trajectory. (Mcap $80m)
Spotted By: Freehold (No Position Held)

JIN (Short) - (Lotteries) Strong uptrend that has been in place since Jan 2012 has now been broken to the downside. Expect further weakness on continued general market volatility (Mcap $58m)
Spotted By: Freehold (No Position Held)

KNL - (Graphite/Nickel in Tanzania) Spiked last week on the announcement of a possible graphite project acquisition. Expect that chart will develop into a bull flag over the coming days. Wait for break to the upside of the bull flag with Volume.(Mcap:$9.2m)
Spotted By: Sam91 (No Position Held)

AVH - (Health, Spray on Skin) Also has bullishly reversed a retrace in an uptrend on decent relative volume. Stoch turned up, Macd turning and share price positioned above the 15,30, 50 and 200EMA's (Mcap:$62m)
Spotted By: Wesr (No Position Held)




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