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donmielke

donmielke
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  • Commodities Today: Takeover Names We Are Watching [View article]
    Matthew
    You are behind the times. URG sarted producing and selling at $60 (to US energy companies under contracts they negociated before the price dropped) end of last year and closed the Pathfinder deal. Long URG
    Don
    Mar 25 03:41 PM | 1 Like Like |Link to Comment
  • Uranium Plays: Don't Overlook The Little Guys [View article]
    Adam
    Good article. Thanks for the analysts forecasts. But you did not mention the newest producer, with in-situ design and low costs that expanded by buying Pathfinder,--- UR Energy (URG), they have recently surged becuase the are producing and had long term contracts in place with US energy companies selling part of their production at $60 now. Long URG
    Don
    Mar 24 11:08 AM | 2 Likes Like |Link to Comment
  • As Annaly And American Capital Disappoint, This MREIT Rises - Don't Short It [View article]
    Christofer and all current owners of WMC
    WMC Senior VP Larry Clark responded to my comments this morning saying their transfer agent sent out a letter last week (no pulic announcement or press release) that the dividend will be determined by "the average closing price of our common stock for the three day period from January 21 to January 23, 2014" by an election to them by January 17, for either all stock or "cash" but the cash total is no more than $0.80 times their stock float (24 mil shares) and is $19.45 mil total. So which traders do we bet on that will try to manipulate the market with high share trading in the closing minutes of those three days? This is going to be manipulated, but which way? Happy decision making to all.
    Don
    Jan 13 03:58 PM | Likes Like |Link to Comment
  • As Annaly And American Capital Disappoint, This MREIT Rises - Don't Short It [View article]
    Hampton108,
    WMC's press release and E*trade's memo to me stated the option was all stock or cash (everyone gets $0.80 and more cash if available but I do not think that will be the case and "a pro-rata of the remaining $ amount in stock, which is probably $1,55 of stock") BUT, the descision is when the stock price will be (or if already has been) determined. Do we guess or gamble it is going down and we get more shares, or is the price per share going up and we get less? How does your broker know otherwise-is it an insider instituion and knows more than the public. I wonder how the directors, officers, and any insiders are determining their choice (and when they can make that choice vs us investors forced to make the choice 1/16 on an event taking place 1/28) on the stock they own. Without more information the dividend is a pure gamble--that is not right or fair to shareholders. I have left a message on WMC's web site investor relations comments. I suggest all investor leave similar comments so they know of our concerns. As retired lawyer (as well as 5 other professions including engineering where I have 3 degrees) I think the trial bar will be asking these questions and the company is setting itself up and our investments for future litigation.
    Don
    Jan 11 03:30 PM | Likes Like |Link to Comment
  • As Annaly And American Capital Disappoint, This MREIT Rises - Don't Short It [View article]
    Christofer,
    What is the answer to Billr861's question about WMC? And question to all, should we take all stock or $0.80 and stock (worth $1.55), determined on what date? Will the date be the dtate the dividend is payable to those of record (12/30 and @ about $14.75) or will it be the date payable !/31 or how will WMC determine the date it is payable ? Does anyone know? My broker has requested my election of all stock or $0.80+stock by Thursday 1/16/2014. Any advice or comments of who has determined which approach and why?
    Don
    Jan 10 06:38 PM | Likes Like |Link to Comment
  • Ur-Energy: A Uranium Giant In The Making [View article]
    Christopher,
    According to Cameco's (http://bit.ly/twFzqZ) last reported results (October 30, 2013) their cash costs were close to your comment $17-19 (versus $11.54 for URG) and their "total costs" which (even according to their financial notes "do not have a standardization measuring or consistant basis of calculation") include in addition only "royalty, stanby (whatever that is) and other selling costs, changes in inventory and also have "purchased costs". Nowhere did I find CCJ's costs for taxes and capital, so I do not think Cameco's costs are even closely "equivalent". I think they are a good company and now with the new Canadian/China Treaty are selling uranium to China, but I beleive URG is a much better investment
    I am not an accountant, but I have never seen cash operational costs as low as URG's $11.54. Long URG.
    Don
    Jan 2 12:36 PM | 1 Like Like |Link to Comment
  • Ur-Energy: A Uranium Giant In The Making [View article]
    As a New Years present, URG announced today an updated Preliminary Economic Assessment (PEA) for Lost Creek, prepared (as required) by an "Independent Qualified Person" that showed a 16% increase in measured and a 65% incresase in indicated reserves. The mineralization at Lost Creek is thicker, higher grade and more extensive. The PEA showed a net cash flow, before taxes, of $319.7 million. URG also stated that the operational cost is $11.54/pound and the total costs (taxes, ops and cap spending) are $29.13/pound. URG is one of the lowest (or the lowest) cost producer in the world.
    Happy News Years to all those who are LONG URG.
    Don
    Dec 31 02:08 PM | 2 Likes Like |Link to Comment
  • Ur-Energy: A Uranium Giant In The Making [View article]
    Thank you for your excellent article. I agree with all of your analysis. Some of us have been buying when the price did not move with all of the positive things they have done. Long URG.
    Don
    Dec 26 12:30 PM | Likes Like |Link to Comment
  • Ur-Energy: A Low-Risk, High-Return Investment [View article]
    Nazim,
    Thank you for your excellent article.
    Dennis Beaudet also had an excellant article in November for Seeking Alpha Pro on URG at http://seekingalpha.co....
    After I heard about the company, I attended their annual meeting (they are a local-Littleton/Denver area company), and have attended now for the past 3 years. I bought a little at first, did more due diligence.
    I have met their management team. Saw how conservative they were, not over-selling. Followed how their technical people discovered the mine, and how their managers constructed the plant on-time, at budget. Bought more. Saw how the financial community supported them with funding which was sufficient to become a producer, with the caveat that the Wyoming bond would be even better. After reviewing the law suit and the outstanding opinion of the Federal Judge denying an injunction, bought more. The Pathfinder purchase adds acreage, but it also has thousands of historical drilling logs, that in my opinion, are more valuable for future planning. I am very impressed with all of the company's employees The Pathfinder purchase also comes with the disposal site with it's federal permit, one of only a few in the US, that URG was going to contract with for their disposal needs. Now they will own it. Again very good planning
    Finally, I believe that all of the pre-sales contracts are in the $60+ range.
    Long URG.
    Dec 23 06:16 PM | 1 Like Like |Link to Comment
  • UR-Energy: A World-Class Junior Uranium Producer Right Here In The USA With Huge Potential [View article]
    Dennis
    URG just announced a determination of more uranium at the Lost Creek site based upon their further drilling and analysis of the deposit.
    Don
    Nov 21 01:03 PM | Likes Like |Link to Comment
  • UR-Energy: A World-Class Junior Uranium Producer Right Here In The USA With Huge Potential [View article]
    Dennis
    Thank you. One other thought others should know about--the Pathfinder purchase also comes with the disposal site with it's federal permit, one of only a few in the US, that URG was going to contract with for their disposal needs, Now they will own it. Again very good plannning.
    Don
    Nov 4 03:57 PM | Likes Like |Link to Comment
  • UR-Energy: A World-Class Junior Uranium Producer Right Here In The USA With Huge Potential [View article]
    Dennis
    Thank you for your excellent article. After I heard about the company, I attended their annual meeting (they are a local-Littleton/Denver area company), and have attended now for the past 3 years. I bought a little at first, did more due diligence. Saw how conservative their management was, not over-selling. Followed how their techincal people discovered the mine, and their managers, constructed the plant on-time, at budget. Bought more. Saw how the finacial community supported them with funding which was sufficient to become a producer, with the caveat that the Wyoming bond would be even better. After reviewing the law suit and the outstanding opinion of the Federal Judge denying an injunction, bought more. As you mentioned the Pathfinder purchase adds acreage, but it also has thousands of historical drilling logs, that in my opinion, are more valuable for future planning. I am very impressed with with all of the company's employees. Long URG.
    Don
    Nov 4 02:15 PM | 1 Like Like |Link to Comment
  • Nanosphere's CEO Discusses Q2 2013 Results - Earnings Call Transcript [View article]
    I would like to see some positive statement by the officers and directors that they believe in the future - like buying some stock like 2 did in Feb after the stock tanked.
    Don
    Aug 19 02:09 PM | Likes Like |Link to Comment
  • UR-Energy - A Recent Uranium Explorer Turned Producer With More Than 35% Upside [View article]
    Joshua,
    Good article. URG has even more going for it. It received NRC approval to transfer the license and purchase the Pathfinder Mines Shirley Basin from ARVEA, which also includes thousands of historic logs and the disposal mine license. They also have the access to the financial markets to get the "bridge" loan with RMB to finish construction and the State of Wyoming and Sweetwater County bonding/finacing loan which may shortly be approved. Long URG
    Don
    Aug 13 12:26 PM | Likes Like |Link to Comment
  • Uranium Miners Analyst Watch: August Edition [View article]
    Itinerant,
    Your article is out of date (URG is not a "near-term producer") -- on August 2 UR-Energy (URG) was given final federal approval and started producing uranium, the FIRST new producer in 20 years, check out their web site and news releases. They have also signed at least 3 sales agreements at the old-higher long term prices (+$60).
    Long URG.
    Don
    Aug 13 11:41 AM | 1 Like Like |Link to Comment
COMMENTS STATS
90 Comments
51 Likes