Hi, Brian:
I've been away for a while - just got back in and looked at these recent postings.
I empathize with the previous postings - they reflect a healthy scepticism towards a company that's been pretty quiet lately, with relatively small interest in the stock.
The lack of news from UKH, along with its small following, has kept prices on its stock low. There are a lot of "bottom fishers" out there, as evidenced by the low bid this last friday. The only trade was about 9:35 am Friday morning, when, first 300 shares at $1.50, then 1,500 more at $1.42, traded, with the same brokerages doing the buying and selling both times. One has to keep in mind many other factors, though. Remember the Yukon govt. just saw Cyrus Anvil shut down a couple of months ago, resulting in temporary layoffs. It's trying hard to get an operation up there going - and Keno is well-poised. It may get further breaks - probably taxwise - whatever, to ensure it opens its mines.
Meanwhile, eyes are focussed elsewhere at this time - for example, I think the Voisey Bay juniors and specs are starting to show signs of life. Go to Canada-Stockwatch.com and look at the charts for NDE (NDT Ventures), which has property staked out ALL AROUND the strike area, or ICA (Int'l CanAlaska), and you see a pronounced upward trend. You'll also note that these stocks peaked out around May last year, when drilling results are released after the winter drilling programs (on solid ice).
Going back to silver, though, I follow the 3 other silver plays, IVV being one of them, and I agree this one is another good buy. The remaining two I'm aware of is SSO (Silver Standard - Vancouver), and PAA (Pan American Silver), both of which are around $3.70 and $10.50 respectively.
However, if you print out the curves for all 4 of the silver stocks show a turnaround about the first of the year, a rise, then a "retrenchment", which I figure will last a couple of weeks, maybe three. Then the metal should rise again - and they'll ALL start to climb again. ALso, and importantly, I'd say, note the VOLUME in Keno picked up in November and December, 1996, just below the turnaround point - after which there have been growing numbers of large-volume days. Awareness is growing, I would say.
However, as UKH is planning to reopen their mines this June/July, the stock will begin to rise soon in anticipation. Also, its momentum will carry it higher as others, including the small-cap mutual funds, start to load up for a "one-year flip" to spruce up their waning portfolio performances. And finally, another bullish sign, but not the last word! :), I've noted the SHORT positions in UKH have dropped from about 431,000 to about 391,000 shares - the first drop in months, maybe a year or so. When these short-sellers start covering in earnest, it will add to the "ballistic effect". The shares may well hit $3 to $4 before settling back to await production results. So, if you buy in now, below $2, space out your sell orders at $2.50, $3, $3.50 and $4, and be patient!
As for the other plays in silver, sarting with the safest and most established, PAA is a "sure thing" in the longer run, SSO the next one in line, then IVV. The greatest potential for doubling short term would be Keno, then the above in reverse order.
Anyway, that's how I see it at this point in time.
Let's keep this thread going - I'll pass along any info I come across.
[Right now, I'm trying to decide what to do with my TrizecHahn warrants, currently at $7.50, which I picked up around $2 just last September or thereabouts, (not $0.95 when nobody wanted it) - like UKH today!]. |
