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Any thoughts on this stock?
BTV - Batavia Mining
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I have been doing a little research on this company last night. Seems to have reached agreement with AIM-listed specialty metals company Thor Mining to acquire the Uranium Exploration Rights over a portfolio of exploration licences in the Eastern Arunta Province of the Northern Territory.
Not sure if the latest news regarding the Federal Government taking control of Uranium mining in the Territory will have any affect.
I have noticed that Uranium stocks seem to be hot at the moment, wonder how long this run will last?
Not sure if the latest news regarding the Federal Government taking control of Uranium mining in the Territory will have any affect.
I have noticed that Uranium stocks seem to be hot at the moment, wonder how long this run will last?
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Feds seize uranium mines
August 04, 2005
From: AAP
THE Federal Government has declared the Northern Territory open to uranium mining, taking control of the future of its rich uranium deposits.
The move came after the NT Labor Government, vehemently opposed to uranium mining, walked away from any responsibility for new mines during a 15-minute meeting between the federal and territory resource ministers in Darwin.
Federal Resources Minister Ian Macfarlane said the Government had sought legal advice after NT Chief Minister Clare Martin vowed in June, in the lead-up to the NT election, to ban new uranium mines.
The NT Government had obtained its own similar advice, which found the commonwealth had the power to override any ban.
"For the good of the Territory and for the good of the resources industry in territory, we can't allow this confusion to continue," Mr Macfarlane said.
"This no uranium policy is a nonsensical policy.
"The Northern Territory is open for business on uranium mining.
"We were (reluctant) to go down this road, even as late as this morning I was asking the Territory Government to co-operate.
"But if they're not prepared to do that ... the commonwealth will act to accept that responsibility."
About a dozen companies are exploring for uranium in the resource-rich Territory, home to some $12 billion worth of known uranium deposits, Mr Macfarlane said.
"There is a worldwide demand for uranium at the moment, ... and people are literally coming and beating on your door," he said.
"It's simply not feasible to refuse the opportunity to develop a resource based on a political whim."
But confusion remains, with NT Mining Minister Kon Vatskalis contradicting the federal minister, saying the NT Government had not walked away from the meeting but was "bulldozed".
"Our Government will not approve any new uranium mines in the Territory, we don't want new uranium mines," he said.
"We didn't abdicate, we didn't roll over.
'Simply the Federal Government bulldozed us, and they said 'tough, we are going to say that you are going to have uranium mines in the Territory'."
Ms Martin later weighed in saying the Territory had not given up any power on the mines because it never had any power to begin with.
"The Federal Government ... has full control over uranium mining because we are not a state," she said.
However, the NT Government is a regulator of the Territory's only operating uranium mine, Ranger, surrounded by the World Heritage-listed Kakadu National Park.
The NT Government prosecuted Ranger owner Energy Resources of Australia in June after 28 workers fell ill after drinking or showering in water contaminated with uranium last year.
Environmentalists described Canberra's attempt to override the NT ban as "bully boy" tactics, while federal Labor MP Warren Snowdon said the Federal Government had "fired the first shot in the dismembering of self-government in the NT".
Federal Country Liberal Party Senator Nigel Scullion said the NT Government had abdicated any right for the NT to be involved in any prospective uranium mining ventures.
"In washing its hands of the opportunity for joint decision making with the commonwealth, the Martin Government has torn up the right for Territorians to be party to an agreement on uranium mining in the territory," Mr Scullion said.
Already grappling with federal moves to establish an unwanted nuclear waste dump in the Territory, the NT Government said the uranium issue would add to the push for the Territory to become a state
August 04, 2005
From: AAP
THE Federal Government has declared the Northern Territory open to uranium mining, taking control of the future of its rich uranium deposits.
The move came after the NT Labor Government, vehemently opposed to uranium mining, walked away from any responsibility for new mines during a 15-minute meeting between the federal and territory resource ministers in Darwin.
Federal Resources Minister Ian Macfarlane said the Government had sought legal advice after NT Chief Minister Clare Martin vowed in June, in the lead-up to the NT election, to ban new uranium mines.
The NT Government had obtained its own similar advice, which found the commonwealth had the power to override any ban.
"For the good of the Territory and for the good of the resources industry in territory, we can't allow this confusion to continue," Mr Macfarlane said.
"This no uranium policy is a nonsensical policy.
"The Northern Territory is open for business on uranium mining.
"We were (reluctant) to go down this road, even as late as this morning I was asking the Territory Government to co-operate.
"But if they're not prepared to do that ... the commonwealth will act to accept that responsibility."
About a dozen companies are exploring for uranium in the resource-rich Territory, home to some $12 billion worth of known uranium deposits, Mr Macfarlane said.
"There is a worldwide demand for uranium at the moment, ... and people are literally coming and beating on your door," he said.
"It's simply not feasible to refuse the opportunity to develop a resource based on a political whim."
But confusion remains, with NT Mining Minister Kon Vatskalis contradicting the federal minister, saying the NT Government had not walked away from the meeting but was "bulldozed".
"Our Government will not approve any new uranium mines in the Territory, we don't want new uranium mines," he said.
"We didn't abdicate, we didn't roll over.
'Simply the Federal Government bulldozed us, and they said 'tough, we are going to say that you are going to have uranium mines in the Territory'."
Ms Martin later weighed in saying the Territory had not given up any power on the mines because it never had any power to begin with.
"The Federal Government ... has full control over uranium mining because we are not a state," she said.
However, the NT Government is a regulator of the Territory's only operating uranium mine, Ranger, surrounded by the World Heritage-listed Kakadu National Park.
The NT Government prosecuted Ranger owner Energy Resources of Australia in June after 28 workers fell ill after drinking or showering in water contaminated with uranium last year.
Environmentalists described Canberra's attempt to override the NT ban as "bully boy" tactics, while federal Labor MP Warren Snowdon said the Federal Government had "fired the first shot in the dismembering of self-government in the NT".
Federal Country Liberal Party Senator Nigel Scullion said the NT Government had abdicated any right for the NT to be involved in any prospective uranium mining ventures.
"In washing its hands of the opportunity for joint decision making with the commonwealth, the Martin Government has torn up the right for Territorians to be party to an agreement on uranium mining in the territory," Mr Scullion said.
Already grappling with federal moves to establish an unwanted nuclear waste dump in the Territory, the NT Government said the uranium issue would add to the push for the Territory to become a state
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July 13th. BTV started a new deep drilling program at the Deflector Deposit, targeting an increase in the current resource base.
Hopefully the assay results confirm an increase.
Must be a factor in BTV's current share price, along with the Uranium Portfolio.
Below is a 2 month chart of BTV. A marked increase in share price.
Trading of late has been very heavy. My entry price is 5.9 cents.
Hopefully the assay results confirm an increase.
Must be a factor in BTV's current share price, along with the Uranium Portfolio.
Below is a 2 month chart of BTV. A marked increase in share price.
Trading of late has been very heavy. My entry price is 5.9 cents.
Attachments
I haven't looked at it, but I have looked at your posts , and the subsequent rise with LVL, so will have a look at this one.
Funny, with LVL I thought it was a go, but I didn't get to leave my employment, so never invested. But now I am finally non working, and can devote some time to stocks. (At least I hope I am non working..don't knock on my door and say..)
sorry, warped sense of humour..bit of the goons and Python, will shut up now..
Oh, but if the middle east keeps boiling, with all the research that has gone into nuclear energy, maybe uranium is the fuel source to replace oil...just a thought..n
Funny, with LVL I thought it was a go, but I didn't get to leave my employment, so never invested. But now I am finally non working, and can devote some time to stocks. (At least I hope I am non working..don't knock on my door and say..)
sorry, warped sense of humour..bit of the goons and Python, will shut up now..
Oh, but if the middle east keeps boiling, with all the research that has gone into nuclear energy, maybe uranium is the fuel source to replace oil...just a thought..n
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Just checking your reasoning...
Why 4.5 cents, is that a support level?
And why the wait?
I was thinking that the level of support shown for Uranium stocks over the past 6-9 months would justify this stock as being a resonable buy @ 5.9 cents, considering last few annoucements.
Thanks,
Kris
First reason, uranium will not be the replacement energy source for oil. There is only around 100 years with of uranium to supply the western world with power, and its nuclear waste is far to dangerous for that.
Secondly, the price increase is because of the hype surounding the governments decision to take over the uranium mining operation in the NT.
4.5cps because thats what the fundementals charting shows.
Secondly, the price increase is because of the hype surounding the governments decision to take over the uranium mining operation in the NT.
4.5cps because thats what the fundementals charting shows.
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Alpaca said:
Yes...the Federal Goverment have to find ways to reduce oil consumption and look into alternate energy sources. I am very glad they have taken over the the ownership of Uranium mining in the Territory. Makes stocks like BTV more valuable
Petrol just hit 1.26 in Adelaide. Ouch!
Coal, Gas and Oil are depleting at such a rapid rate and Electricity prices have risen dramatically, I think now is the time!
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el_ninj0 said:
Thanks,
I understand your reasoning.
I am aware that oil will run out within 50 to 80 years so there is room for new sources of energy that will last at least 3 generations.
I also think that scientist/enviromentalists etc will be employed to find ways to eliminate the the dangers envolved with the use of uranium.
krisbarry said:
Not oil, uranium, oil will be gone within 25 years.
And i have no doubt they will figure out a safe way to combat the hazards of uranium, however, how much will it cost? what safety measures will be in place to make sure companies follow these laws to the utmost? what effect will it have on the bottom dollar for the companies involved with uranium in the future? will government have to subsidise these companies for providing energy by uranium use?, why should they subsidise when other forms of power less costly and of far less risk are available right now today?, tidal power, wind power, solar power, geothermal power, etc....
Personally, i think uranium is a waste of time, too much money to be spent on something that we know has such huge risks as such little benefit. Nuclear power cannot be used in vehicles for multiple reasons, therefore carbon emissions will continue to increase, therefore global warming will also. Lose lose situation.
Should be looking into companies such as Origin Energy which are searching for viable alternatives, like GDY(GEODYNAMICS LIMITED FPO).
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el_ninj0 said:
I saw a recent news report on GDY, as its work is being carried out in S.A. Seems very interesting.
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On the 14th of June 2005 Hartleys Research Report concludes that BTV is a speculative buy stock @ 1.9 cents. 2 months on and the share price has increased to as high as 6.6 cents just last week. Could be another DYL in the making.
Source : http://www.bataviamining.com.au (broker report)
Source : http://www.bataviamining.com.au (broker report)
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IMO - it doesn't matter how many years of uranium or oil we have left on the planet.
The main thing right now is the 'flavour of the month' attitude to uranium.
Anyone who remembers the days of making bucket loads on the dot com boom, will be happily raking in good profits at the moment.
It's similar to the run that oil had late last year.
BTV looks as if it has more potential than most of the "U" possibles.
If you are looking at options - BTVOA is the better buy with a 5c exercise versus BTVO with a 20c exercise just 3 months later. Avoid BTVO if you like making money! Far better value in the heads or the OA oppies.
Cheers.
The main thing right now is the 'flavour of the month' attitude to uranium.
Anyone who remembers the days of making bucket loads on the dot com boom, will be happily raking in good profits at the moment.
It's similar to the run that oil had late last year.
BTV looks as if it has more potential than most of the "U" possibles.
If you are looking at options - BTVOA is the better buy with a 5c exercise versus BTVO with a 20c exercise just 3 months later. Avoid BTVO if you like making money! Far better value in the heads or the OA oppies.
Cheers.
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BTV will be a high risk, high reward stock!
Lots of similarities with DYL, as both have been suspended stocks in previous hands. Have come out of suspension, mentioned Uranium and the share price and volume and increased substantially.
My feeling is very optimistic, with China's growth rate running at 8% and an insatiable appetite for raw materials coupled with a hyped media frenzy in regards to Uranium. Not to forget a very high gold price at the moment.
I don't see a dot.com bubble here, merely a supply and demand factor that needs to be met with new energy sources like Uranium.
http://www.bataviamining.com.au/PDF/reports/05-06-16 Hartleys BTV-20050614.pdf
Lots of similarities with DYL, as both have been suspended stocks in previous hands. Have come out of suspension, mentioned Uranium and the share price and volume and increased substantially.
My feeling is very optimistic, with China's growth rate running at 8% and an insatiable appetite for raw materials coupled with a hyped media frenzy in regards to Uranium. Not to forget a very high gold price at the moment.
I don't see a dot.com bubble here, merely a supply and demand factor that needs to be met with new energy sources like Uranium.
http://www.bataviamining.com.au/PDF/reports/05-06-16 Hartleys BTV-20050614.pdf
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Public uranium hearing this week
MINING company representatives and conservationists will state their views on the use of Australia's uranium resources at a public hearing in Melbourne this week.
The hearing, conducted by the House of Representatives Standing Committee on Industry and Resources, will gather evidence for a parliamentary inquiry into the development of the non-fossil fuel energy industry in Australia.
Representatives from the CSIRO, organisations such as Friends of the Earth and mining companies, Southern Gold and Heathgate Resources, will contribute to the hearing in Melbourne this Friday.
The parliamentary inquiry will examine the global demand for Australia's uranium resources, the strategic importance of resources and the potential implications for global greenhouse gas emission reductions from the further development and export of Australia's uranium resources.
source: http://www.theadvertiser.news.com.au/common/story_page/0,5936,16290063%5E1702,00.html
MINING company representatives and conservationists will state their views on the use of Australia's uranium resources at a public hearing in Melbourne this week.
The hearing, conducted by the House of Representatives Standing Committee on Industry and Resources, will gather evidence for a parliamentary inquiry into the development of the non-fossil fuel energy industry in Australia.
Representatives from the CSIRO, organisations such as Friends of the Earth and mining companies, Southern Gold and Heathgate Resources, will contribute to the hearing in Melbourne this Friday.
The parliamentary inquiry will examine the global demand for Australia's uranium resources, the strategic importance of resources and the potential implications for global greenhouse gas emission reductions from the further development and export of Australia's uranium resources.
source: http://www.theadvertiser.news.com.au/common/story_page/0,5936,16290063%5E1702,00.html
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Found this article on another board very interesting... (Canadian)
My nuclear reaction: consider uranium stocks
"Risk and Reward" by Scott Baker
Many investors follow the ups and downs of oil prices, gold prices, even steel prices, but chances are there's one key industrial commodity you never think about. I'm referring to uranium. You rarely hear its price quoted, and other than the occasional article about the problems of getting rid of the stuff after it's been used, no one pays much attention to it.
This quiet period may be about to end. After years of stagnation, the uranium market is displaying signs that it may have entered a long period of rising prices. If you're looking for a risky but potentially very profitable investment, you should pay attention.
This is not an investment for the faint of heart. The uranium industry operates a bit like a private club. A handful of private and state-owned producers dominate the business and the total market capitalization of all the publicly listed producers stands at less than $30 billion. These producers sell to a small group of reactor operators. Since the numbers of both buyers and sellers are so limited, information about inventory levels and other industry fundamentals is scarce.
The information that is public shows a booming industry. From 1979 to 2000, prices for uranium drifted lower and producers did little exploration. But since 2000, when the spot price hit $7 (U.S.) a pound, the market has turned around in spectacular fashion. Spot prices have soared to around $29 (U.S.), while longer-term contracts fetch prices approaching $30 (U.S.) a pound. The world is consuming 170 million pounds a year of uranium and, by some estimates, demand is running ahead of supply by 20 million to 30 million pounds annually. The shortfall is being met by drawing down inventories and reprocessing nuclear weapons in Russia, but both sources are thought to be in decline.
How high could the price of uranium go? Current prices are still well below the nearly $50 (U.S.) level reached in the late 1970s. Mining companies are rushing to find new deposits, but help will be a long time coming, because it takes years to find and develop a uranium mine. Meanwhile, demand for the radioactive element is growing by about 2% annually; China alone has about 40 nuclear plants on the drawing board.
With most industrial materials, higher prices would reduce demand. But uranium is a special case. There is no substitute for it in fueling nuclear reactors, yet its cost makes up only about 2% of the cost of building and running reactors. As a result, higher prices are not likely to deter consumption. The price of uranium will continue to rise until enough supply comes on stream to meet demand. Since mines take so long to develop, uranium prices are likely to keep moving higher”” perhaps substantially higher ”” over the next several years.
How do you capitalize on that trend? The safest way is to invest in Cameco, the Saskatoon-based company that is the largest publicly traded uranium producer in the world. Its share price has soared over the past year and, at $48 at the time of writing, it's no longer the great deal it once was. Still, it's well worth buying, especially if its price dips. Using conservative long-term prices of $20 (U.S.) per pound for uranium, and discounting the cash flows back to the present at 10%, I estimate Cameco's net asset value (NAV) to be about $43 per share. Each dollar increase in the long-term price of uranium adds another buck per share to the NAV of Cameco, so fair value for the stock, assuming higher uranium prices, is likely to lie somewhere between $43 and $53. Given the likelihood that Cameco will trade at a premium to NAV in the same way that large gold companies do, the company could be worth as much as $60 a share.
Smaller exploration companies such as Strathmore Minerals or Aflease Gold and Uranium are far riskier and will need long-term prices to hit $30 (U.S.) to justify mining their reserves. However, if those prices hold, the upside is tremendous. These companies could climb to three to four times their current values.
Investing in uranium involves risk, but the world needs reliable and clean energy sources, and the nuclear industry is poised to enter a new era of growth. Uranium producers and explorers should be well rewarded along the way, and smart investors will keep a close eye out for buying opportunities.
From the Summer 2005 issue.
My nuclear reaction: consider uranium stocks
"Risk and Reward" by Scott Baker
Many investors follow the ups and downs of oil prices, gold prices, even steel prices, but chances are there's one key industrial commodity you never think about. I'm referring to uranium. You rarely hear its price quoted, and other than the occasional article about the problems of getting rid of the stuff after it's been used, no one pays much attention to it.
This quiet period may be about to end. After years of stagnation, the uranium market is displaying signs that it may have entered a long period of rising prices. If you're looking for a risky but potentially very profitable investment, you should pay attention.
This is not an investment for the faint of heart. The uranium industry operates a bit like a private club. A handful of private and state-owned producers dominate the business and the total market capitalization of all the publicly listed producers stands at less than $30 billion. These producers sell to a small group of reactor operators. Since the numbers of both buyers and sellers are so limited, information about inventory levels and other industry fundamentals is scarce.
The information that is public shows a booming industry. From 1979 to 2000, prices for uranium drifted lower and producers did little exploration. But since 2000, when the spot price hit $7 (U.S.) a pound, the market has turned around in spectacular fashion. Spot prices have soared to around $29 (U.S.), while longer-term contracts fetch prices approaching $30 (U.S.) a pound. The world is consuming 170 million pounds a year of uranium and, by some estimates, demand is running ahead of supply by 20 million to 30 million pounds annually. The shortfall is being met by drawing down inventories and reprocessing nuclear weapons in Russia, but both sources are thought to be in decline.
How high could the price of uranium go? Current prices are still well below the nearly $50 (U.S.) level reached in the late 1970s. Mining companies are rushing to find new deposits, but help will be a long time coming, because it takes years to find and develop a uranium mine. Meanwhile, demand for the radioactive element is growing by about 2% annually; China alone has about 40 nuclear plants on the drawing board.
With most industrial materials, higher prices would reduce demand. But uranium is a special case. There is no substitute for it in fueling nuclear reactors, yet its cost makes up only about 2% of the cost of building and running reactors. As a result, higher prices are not likely to deter consumption. The price of uranium will continue to rise until enough supply comes on stream to meet demand. Since mines take so long to develop, uranium prices are likely to keep moving higher”” perhaps substantially higher ”” over the next several years.
How do you capitalize on that trend? The safest way is to invest in Cameco, the Saskatoon-based company that is the largest publicly traded uranium producer in the world. Its share price has soared over the past year and, at $48 at the time of writing, it's no longer the great deal it once was. Still, it's well worth buying, especially if its price dips. Using conservative long-term prices of $20 (U.S.) per pound for uranium, and discounting the cash flows back to the present at 10%, I estimate Cameco's net asset value (NAV) to be about $43 per share. Each dollar increase in the long-term price of uranium adds another buck per share to the NAV of Cameco, so fair value for the stock, assuming higher uranium prices, is likely to lie somewhere between $43 and $53. Given the likelihood that Cameco will trade at a premium to NAV in the same way that large gold companies do, the company could be worth as much as $60 a share.
Smaller exploration companies such as Strathmore Minerals or Aflease Gold and Uranium are far riskier and will need long-term prices to hit $30 (U.S.) to justify mining their reserves. However, if those prices hold, the upside is tremendous. These companies could climb to three to four times their current values.
Investing in uranium involves risk, but the world needs reliable and clean energy sources, and the nuclear industry is poised to enter a new era of growth. Uranium producers and explorers should be well rewarded along the way, and smart investors will keep a close eye out for buying opportunities.
From the Summer 2005 issue.
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Possibly x 5 Announcements will be coming very soon, as follows:
1) Gold and Copper assays from previous drilling at Gullewa!
2) Bankable Feasibility Study (incl. resource upgrade) should nearly be complete via further testing June,July @ Gullewa!
3) Computer modelling resource estimates for Uranium at new 'U' tenements at Eastern Arunta Province!
4) Comprehensive and proposed drilling programme for 'U' at Eastern Arunta Province tenements in N.T.
5) New 'U' Exploration permits approval via Feds for new 'U' tenement applications, as part and additional to existing Eastern Arunta Province tenement portfolio.
Share price currently sitting @ 6 cents with high volume over the past 2 trading days!
Plenty of chatter around the boards about this stock, put it on your watch lists!
1) Gold and Copper assays from previous drilling at Gullewa!
2) Bankable Feasibility Study (incl. resource upgrade) should nearly be complete via further testing June,July @ Gullewa!
3) Computer modelling resource estimates for Uranium at new 'U' tenements at Eastern Arunta Province!
4) Comprehensive and proposed drilling programme for 'U' at Eastern Arunta Province tenements in N.T.
5) New 'U' Exploration permits approval via Feds for new 'U' tenement applications, as part and additional to existing Eastern Arunta Province tenement portfolio.
Share price currently sitting @ 6 cents with high volume over the past 2 trading days!
Plenty of chatter around the boards about this stock, put it on your watch lists!
el_ninj0 said:
Imho, uranium is the way of the future. You really think uranium resources won't at least double with all this exploration that’s going on atm. With modern techniques, eg. MTN's great resource estimate, we will sure up enough uranium to last 200 yrs. Plus, newer reactor designs using less uranium and thermal breeder reactor using thorium. Uranium is an energy source that can be employed now. It doesn't need to be proven up. Although nuclear power cannot be used for vehicles, it is very narrow minded to say this should end its use. It has been shown that reactor cooling water actually provides enough heat to dissociate water to make hydrogen, one of the fuels of the future. Additionally, it provides a clean energy source to make hydrogen commercially instead of burning fossil fuels. This will dramatically reduce carbon emissions and slow global warming until something renewable can be developed to be commercial. Maybe GDY will play a big part in the future energy needs, but nuclear is a proven energy source which can come online relatively quickly.
The question is to find the correct exposure to the uranium industry. Although the spec might look appealing now for their high volatility, longer term most of these will never produce an pound of yellowcake. If you believe this could be the way of the future, then finding exposure now may still prove up to be an excellent investment.
brerwallabi
The Oracle
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A bull market is certainly underway in the the uranium area, how strong yet to see, don't like the thought of the stuff myself but thats not going to stop me profiting as the opportunity presents itself, right now I am prepared to take a calculated risk on BTV, if the demand for uranium suddenly steps up then BTV may fly. I presume we may hear something positive shortly as prices moves indicate something is in the air. In at .054 and will watch carefully, I almost got caught on DEG another company with lots in the ground (various)??? and no results yet. DEG by the way look interesting at the momment and look like might head upto 26.5 from 22.5 my view only, whoops should be on another thread I think. Its worthwhile having a look at the DEG graph will post later on seperate thread.
Good Luck Kris with you BTV
Good Luck Kris with you BTV
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