hittingitbig
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just checking out threads. keeping my eye on American Energy Feilds. it's a uranium stock (AEFI.OB) with lots of potential. has been on the rise lately. i will keep watching.
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Are you sure its not just a pump and dump scam? Its an OTC stock and the SEC has wanted investors not to touch these type of stocks due to the amount of fraud that goes on.
hittingitbig
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I don't see how AEFI "qualifies" as a pump and dump. The SEC warns investors about investing in OTC securities and tells them to perform their due diligence before investing. There are many good companies on the OTC who are there because of share price or because they are a new public company. They are not fraud companies, just not followed by many investors. AEFI is current with their filings with the SEC, appear transparent on the corporate structure. I've also noticed that one of their properties has a technical report filed with industry profesionals signing off on the claims made by AEFI. That has to hold some weight, if you ask me. I'm interested in the company because I see what other Uranium companies are doing in the news and what their share prices are. I can't afford to buy many shares at $4-24 a share. But I can hold a good position at shares under a buck. I'm comfortable at those levels, but as with any investment, it comes down to the due diligence and risk tolerance.
The reason I asked was because every pump and dump scam involves stock promoters posting on boards like these to pump up the stock. Why else would you post something like this?
hittingitbig
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i'm posting here because i have an investment interest in AEFI you meatball. i'm not a pumper. these board are here for this purpose, TO POST! i'm interested in uranium stocks, have researched this one and continue with my due diligence with it.
hittingitbig
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what's your issue chump? i post about something i'm interested in, looking to see if anyone else is interested and you attack me for it? i'll admit that i don't have alot of experience in stocks, i'm still learning everyday. just don't see why so many arrogant b*stards like yourself feel the need to tear someone down just because you know a little more about something than they do. i never professed to be a pro, just said i had an interest. interested in uranium and AEFI. i'm not sorry your life is so uneventful that you feel the need to criticize me for those interests. get a dog or something, wait, you'd probably just kick it around, nevermind.
neil
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Be wary...very wary
Pump and Dump ?.....see link below
http://www.associatedcontent.com/article/100566/the_pump_and_dump_stock_market_scam.html
A chart
http://www.reuters.com/finance/stocks/chart?symbol=AEFI.OB
http://www.reuters.com/finance/stocks/analyst?symbol=AEFI.OB
Pump and dump target price maybe...
http://caps.fool.com/Pitch/AEFI.OB/4896741/this-stock-spam-was-originally.aspx
I believe they are a Canadian company with a maildrop address in Apache Junction, Arizona. They were previously called Sienna Resources, they have 2 employees.
They have zero revenue and have issued 2 million stocks for 'certain investor relations services'. Call me a skeptic but I think that might have gone to stock promoters who will sell them all when the price gets pumped higher on false good news.
http://biz.yahoo.com/e/101115/aefi.ob10-q.html
On July 15, 2010, the Company executed an investor relations agreement, pursuant to which it is required to issue 2,000,000 shares of common stock to the consultant in consideration for certain investor relations services. The shares were issued in October of 2010.
hittingitbig
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Licence approval for US uranium mill
07 January 2011
The state of Colorado has conditionally approved a radioactive
materials licence application for a conventional uranium mill to be
constructed at Pinon Ridge. The licence is the last significant hurdle
to be cleared before construction can begin.
The Pinon Ridge site
(Image: Energy Fuels)
Energy Fuels Resources Corp wants to build the 500 tonne per year
uranium and vanadium mill at a site near Naturita in south western
Colorado. It will be the first conventional uranium mill to be built
in the USA for 30 years. At the present time, only one conventional
mill is operational in the USA, and most of the country's uranium
production comes from in situ recovery (ISR) operations, also known as
in situ leach (ISL).
The announcement by the Colorado Department of Public Health and
Environment (CDPHE) is the culmination of nearly 14 months of reviews
of Energy Fuels Resources' licence application, including the
consideration of hundreds of stakeholder comments submitted through
the review process and eight public meetings. Under an agreement with
the US Nuclear Regulatory Commission (NRC), the CDPHE has the sole
authority to regulate uranium milling in the state of Colorado, while
its Radiation Program is responsible for licensing possession of
radioactive materials.
The CDPHE has approved the licence on condition that Energy Fuels must
obtain all applicable health, safety and environmental permits and
authorizations from local, state and federal bodies before
construction starts. It must also obtain CDPHE's approval of the final
design and construction plans for the plant, and must meet a list of
pre- and post-start up requirements including relevant worker training
in radiation and protection procedures, environmental monitoring, site
security and spill responses. The company must conduct at least two
emergency response exercises before the facility can receive any
radioactive material.
Energy Fuels must also comply with financial assurance requirements
including a warranty of over $11 million for decommissioning and a
long-term care fund of over $800,000 to be deposited in the Colorado
state treasury.
"Energy Fuels has demonstrated it can build and operate the mill in a
manner that is protective of both human health and the environment,"
Steve Tarlton, CDHPE Radiation Program manager noted. He added that
the department's "comprehensive" review had considered short- and long-
term impacts of the proposed mill, including radiological and non-
radiological impacts to water, air and wildlife, as well as economic,
social and transportation-related impacts.
Energy Fuels president and CEO Steve Antony described the decision as
a "major accomplishment" and said that the company would now be
shifting its focus to project financing, product sales and long-term
strategic relationships with potential uranium buyers.
Current plans envisage construction beginning later this year, with
production commencing in 2012. It will process uranium and vanadium
ore trucked from the nearby Energy Queen and Whirlwind uranium mines,
both fully permitted but currently under care and maintenance.
According to Energy Fuels, the mines are expected to produce 450 tons
of ore per day and there is enough feed within economic trucking
distance of the mill for 40 years of operation at 500 tons per day.
The mill is expected to produce about 850,000 lbs uranium oxide per
year as well as 3.7 million pounds of vanadium pentoxide.
Researched and written
by World Nuclear News
07 January 2011
The state of Colorado has conditionally approved a radioactive
materials licence application for a conventional uranium mill to be
constructed at Pinon Ridge. The licence is the last significant hurdle
to be cleared before construction can begin.
The Pinon Ridge site
(Image: Energy Fuels)
Energy Fuels Resources Corp wants to build the 500 tonne per year
uranium and vanadium mill at a site near Naturita in south western
Colorado. It will be the first conventional uranium mill to be built
in the USA for 30 years. At the present time, only one conventional
mill is operational in the USA, and most of the country's uranium
production comes from in situ recovery (ISR) operations, also known as
in situ leach (ISL).
The announcement by the Colorado Department of Public Health and
Environment (CDPHE) is the culmination of nearly 14 months of reviews
of Energy Fuels Resources' licence application, including the
consideration of hundreds of stakeholder comments submitted through
the review process and eight public meetings. Under an agreement with
the US Nuclear Regulatory Commission (NRC), the CDPHE has the sole
authority to regulate uranium milling in the state of Colorado, while
its Radiation Program is responsible for licensing possession of
radioactive materials.
The CDPHE has approved the licence on condition that Energy Fuels must
obtain all applicable health, safety and environmental permits and
authorizations from local, state and federal bodies before
construction starts. It must also obtain CDPHE's approval of the final
design and construction plans for the plant, and must meet a list of
pre- and post-start up requirements including relevant worker training
in radiation and protection procedures, environmental monitoring, site
security and spill responses. The company must conduct at least two
emergency response exercises before the facility can receive any
radioactive material.
Energy Fuels must also comply with financial assurance requirements
including a warranty of over $11 million for decommissioning and a
long-term care fund of over $800,000 to be deposited in the Colorado
state treasury.
"Energy Fuels has demonstrated it can build and operate the mill in a
manner that is protective of both human health and the environment,"
Steve Tarlton, CDHPE Radiation Program manager noted. He added that
the department's "comprehensive" review had considered short- and long-
term impacts of the proposed mill, including radiological and non-
radiological impacts to water, air and wildlife, as well as economic,
social and transportation-related impacts.
Energy Fuels president and CEO Steve Antony described the decision as
a "major accomplishment" and said that the company would now be
shifting its focus to project financing, product sales and long-term
strategic relationships with potential uranium buyers.
Current plans envisage construction beginning later this year, with
production commencing in 2012. It will process uranium and vanadium
ore trucked from the nearby Energy Queen and Whirlwind uranium mines,
both fully permitted but currently under care and maintenance.
According to Energy Fuels, the mines are expected to produce 450 tons
of ore per day and there is enough feed within economic trucking
distance of the mill for 40 years of operation at 500 tons per day.
The mill is expected to produce about 850,000 lbs uranium oxide per
year as well as 3.7 million pounds of vanadium pentoxide.
Researched and written
by World Nuclear News
traderman1
Active member
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American Energy Fields looks like an absolute dog of a stock. I would recommend that you SELL ANY STOCK that you have as quick as you can. This sucker is a real 'pump and dump' candidate.
Quote: 'financial statements from inception (November 23, 2009) through the quarter ended September 30, 2010 report no revenues and a net loss of ($2,450,722)'.
This is a post to negate your attempt to pump the stock here :cheesy: :cheesy:
Last edited:
traderman1
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Good post :clap:
