RPT Uranium Corp: Buy
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Topic: Uranium Mining Stocks — July 30th, 2007
Despite the carnage on Uranium Street we must stay alert for buying opportunities and make good use of down turns in the uranium sector. Those of you who are regular readers will know that we sold RPT Uranium for a good profit and have been waiting patiently for an opportunity to re-invest in this uranium exploration company. Today is such a time so we moved and acquired RPT for around $0.51 per share on the Toronto Venture Exchange.
Just to recap the following is a chart that we published recently showing RPT’s stock price heading south towards the 200dma.
Recent chart:
We could have entered the market then, but decided to wait for some sign that a reversal of that down trend was underway. We may still be a little early and indeed RPT could fall further, however it looks to us that the lion’s share of this stocks correction is now behind us. The stock has fallen from $0.75 to $0.45 for a loss of 40%. As we can now see from the chart below a new upward move looks to have commenced.
The stock price appears to have bounced close to the 200dma, the stockastics have turned north, the MACD appears to have flattened and the RSI has also turned upwards. The volume is also good with the average being around 483,000 shares traded per day over the last ten days.
In a recent news release the company have announced that they will commence an additional 10,000-metre diamond-drilling program in the Split Rapids area of its Sibley basin uranium property northeast of Thunder Bay, Ontario. RPT Uranium had previously reported “Highlights of previous drilling at Split Rapids include 1.50 metres of 2.99% U3O8 (hole BS05-30), 0.72 metres of 4.68% U3O8 (hole BSE07-03) and 6.35 metres of 0.222% U3O8 (hole BSE07-31).” This makes sense as the drilling at Wolfpup Lake, lies under lake and swamp and is planned to take place next winter.
Happy Hunting.
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And the slide of RPT continues. Unbelievable with oil reaching records levels. Hope this change soon in advantage of Rampart.
Comment by MyKel — July 31, 2007 @ 7:30 pm
Rampart is out of business. Is your TA still valid?
Comment by MyKel — August 7, 2007 @ 4:17 pm
Rampart is trading today so we don’t understand your comment, can you please explain?
Comment by Uranium Stocks — August 7, 2007 @ 5:57 pm
Sorry, please ignore my comment. Better is to delete it. Just very disappointed to be honest (big % loss on RPT.V). Again my deep apologize.
Comment by MyKel — August 7, 2007 @ 8:39 pm
I really consider your TA to review again. Maybe you meant to give a sell signal?
Comment by MyKel — August 16, 2007 @ 2:54 pm
Hey MyKel they expressed a point of view which you are entitled to disagree with (you seem to do so continually). Instead of posting unneccesary unpleasant comments why not post some of your views and let others snipe at you………..
Comment by bob — August 16, 2007 @ 6:49 pm
Alright Bob. Here comes my view:
Short sell Rampart till the low of 0,22 CAD (this is the one years low). After that you could reverse your position and thus go long. None of this is based on TA, but on market experience. if all the signs are pointing to the right, just walk to the left. Let’s see how this works out.
Good luck & happy trading
Mykel
Comment by MyKel — August 16, 2007 @ 7:36 pm
That was easy wasn’t it - I don’t disagree with you at all…..I think the guys here do a great job and they have the cojones to tell all what they think and what they do….Bonne chance to you too
B
Comment by bob — August 16, 2007 @ 7:47 pm
Good luck with the short we really hope that it pays for you. However it’s not for us, when a stock has fallen some 60% then we have to consider the possibility of a rebound. We will continue to watch for some stabilisation and the opportunity to do some bottom fishing.
Comment by Uranium Stocks — August 17, 2007 @ 11:04 am
MyKel,
Be careful - US interest rates just reduced and stocks look like recovering. RPT up 7%. MGA up 13% LAM up 17% etc.
Comment by Uranium Stocks — August 17, 2007 @ 1:56 pm
We shall see.
All the best.
Comment by MyKel — September 5, 2007 @ 1:34 pm
RPT has opened well up 9.8%
This peice of recent news may have helped:
Dr. Hikmet Akin, president of RPT Uranium Corp. (TSX VENTURE:RPT) is pleased to announce that the company has signed a contract to drill a minimum of 2,250 metres on its Richards Lake uranium property near the northern edge of the Athabasca basin in Saskatchewan. The drill is expected to mobilize to the property in the first week of October.
Comment by Uranium Stocks — September 26, 2007 @ 2:37 pm
Another nice start for RPT up 11%!
Comment by Uranium Stocks — September 27, 2007 @ 2:23 pm
I really hope we have seen the bottom. Now I’m long too. Good luck 2 all other longers.
Comment by MyKel — September 27, 2007 @ 2:32 pm
does any know when rampart will sell some uranium, what is there predicted turnover when they find what they want?
any ideas……..looks like aftre all those year that they must find something?
Comment by frank — October 12, 2007 @ 7:23 pm
According to a Dutch investor site www.inveztor.nl this will be near 2017 and further. It’s a stock for the long run.
All the best
Comment by MyKel — October 14, 2007 @ 4:36 pm
2017
impossible while their cash will be burnt in 2 years!!
guess they need revuenes much sooner
who can wait that long.
lets see this winter
Comment by 2017 — October 14, 2007 @ 6:02 pm
That’s where emissions for. It is really true. U stocks are for the long term. It is no joke. About 10 years is not as long as many think. You have to think long term and ignore the noise. Buy on dips, it’s a bless.
Comment by MyKel — October 15, 2007 @ 9:29 am
Just received new info from RPT.
//snap
…
Uranium mineralization is exposed over a 35 metre by 25 metre area, and the first eight grab samples to be analysed averaged 0.242% U3O8.
…
Any U experts here? 0.242% U3O8 to looks not a very high level of radioactivity to me.
Hope I’m wrong. Anyone can explain this level to me?
Comment by MyKel — October 17, 2007 @ 12:46 pm
Great change that RPT today has bottomed. The ATL (all time low) 0,22 has been touched
Good luck 2 everybody
Comment by Mykel — October 23, 2007 @ 4:47 pm
Trading markets.com said this a few minutes ago:
RPT Uranium Corp. (TSX-V: RPT remained relatively unchanged on heavy volume, despite their recent announcement last week that the Company has commenced a 2500-metre diamond drilling program on the Frazer Creek uranium zone on its Malborne Lake claim block near the south-eastern margin of the Sibley basin north of Thunder Bay, Ontario.
Comment by Uranium Stocks — October 23, 2007 @ 5:11 pm
RPT closed at the LOD (0,24). Not a strong sign.
May a new test on 0,22
Comment by Mykel — October 24, 2007 @ 8:23 pm
RPT is in the “never see the CAD 0,22 again” mood.
finally
Comment by Mykel — October 29, 2007 @ 10:28 pm