Looking for good uranium stocks

[richmond]

so, what are the predictions for what will happen should Rudd convince his ALP brethren to change tack on the uranium front and allow mines in Qld and WA?

Sorry guys, I should have been more specific with my question - we all know the ALP Conference is very important regarding how the investment community looks at uranium stocks - I was looking for hypotheticals on the impact of a change in policy on the likes of SMM, AGS, PDN, DYL, et al. Do you think it will go up hugely or has it already been factored in? Especially if Mr Beattie just "goes with the flow" as he has indicated recently?

Cheers
R

 

[PeterPan]

Hi guys,

I’ve posted this in another thread as well.

I would be interested in Pegasus Minerals Limited IPO. Shares at 20c each but I haven’t got any idea of how the uranium stocks sector is going. Any thoughts to share?
Also, a quick question: Pegasus has 3 projects for uranium in WA, where mining for uranium is not permitted. Why buying projects in WA then? What sort of return can those projects give if they cannot be mined?
Many thanks for your help.
PeterPan

 

[noirua]

Hi guys,

I’ve posted this in another thread as well.

I would be interested in Pegasus Minerals Limited IPO. Shares at 20c each but I haven’t got any idea of how the uranium stocks sector is going. Any thoughts to share?
Also, a quick question: Pegasus has 3 projects for uranium in WA, where mining for uranium is not permitted. Why buying projects in WA then? What sort of return can those projects give if they cannot be mined?
Many thanks for your help.
PeterPan

Hi, Copper and Gold are quite often found with Uranium and of course, no one noticed the Uranium they were not looking for.

 

[Broadside]

Sorry guys, I should have been more specific with my question - we all know the ALP Conference is very important regarding how the investment community looks at uranium stocks - I was looking for hypotheticals on the impact of a change in policy on the likes of SMM, AGS, PDN, DYL, et al. Do you think it will go up hugely or has it already been factored in? Especially if Mr Beattie just "goes with the flow" as he has indicated recently?

Cheers
R

can't speak for the other stocks but any ALP policy change is irrelevant to AGS B4M prospect...it would already qualify under 3 mine policy being so close to Beverley....however sentiment to whole U sector would improve if this arcane policy were scrapped and they also have other potential U tenements elsewhere. I think the likelihood of ALP winning this election is high but who knows what the conference will decide on Uranium, they are a funny lot.

 

[PeterPan]

Hi, Copper and Gold are quite often found with Uranium and of course, no one noticed the Uranium they were not looking for.

So if U cannot be mined, the only earnings for Pegasus would be from gold, nickel and copper. Right?
Cheers
PeterPan

 

[noirua]

So if U cannot be mined, the only earnings for Pegasus would be from gold, nickel and copper. Right?
Cheers
PeterPan

Pegasus Minerals look a good company, as the 3 tenements in the Ashburton Gascoyne Region have already reported Uranium. Gold, base metals and Platinum are to be explored for in the promising 3 tenements in the Pilbaro Region.

 

[PeterPan]

Thanks Noirua.
Appreciate that.
Cheers
PeterPan

 

[noirua]

I've decided to start buying a lot more small uranium exploration stocks after buying a few in the last couple of weeks. Will post on appropriate threads when I've finished buying.
Just interested as to whether anyone else is of the same or similar opinion - thanks.

 

[Schmuckie]

I've decided to start buying a lot more small uranium exploration stocks after buying a few in the last couple of weeks. Will post on appropriate threads when I've finished buying.
Just interested as to whether anyone else is of the same or similar opinion - thanks.

My husband, who's worked in the uranium industry for more than twenty years, has never been more bullish about the fundamentals going forward (this is someone who lived through the early part of this decade when the Russians were dumping weapons-grade uranium at fire sale prices). My own caveat is that you make sure that there's plenty of cash on hand during this credit crisis. I also don't think we've seen the bottom yet with funds dumping stock, margin calls and the like. At this point, I'm looking at companies and identifying which ones I'm interested in but not buying ... just waiting to see where things settle and getting ready to pounce once it looks like the market bottom is in. Then going in big.

 

[noirua]

My husband, who's worked in the uranium industry for more than twenty years, has never been more bullish about the fundamentals going forward (this is someone who lived through the early part of this decade when the Russians were dumping weapons-grade uranium at fire sale prices). My own caveat is that you make sure that there's plenty of cash on hand during this credit crisis. I also don't think we've seen the bottom yet with funds dumping stock, margin calls and the like. At this point, I'm looking at companies and identifying which ones I'm interested in but not buying ... just waiting to see where things settle and getting ready to pounce once it looks like the market bottom is in. Then going in big.

Thanks for your comments Schmuckie. I will look a bit more closely at the cash situation of these small explorers, often spin offs from bigger miners, as they may have commitments to spend on exploration.

I'm also following some Canadian explorers through Stockhouse.

 

[Moneybags]

I've decided to start buying a lot more small uranium exploration stocks after buying a few in the last couple of weeks. Will post on appropriate threads when I've finished buying.
Just interested as to whether anyone else is of the same or similar opinion - thanks.

Interesting noirua........what has changed to make you sit up and take notice........is it the fact that many smaller U co's have been absolutely hammered of late........couldn't be because of the spot price which dropped again recently........just interested in your trigger is all.

BTW I hold a few myself.

MB

 

[noirua]

Interesting noirua........what has changed to make you sit up and take notice........is it the fact that many smaller U co's have been absolutely hammered of late........couldn't be because of the spot price which dropped again recently........just interested in your trigger is all.

BTW I hold a few myself.

MB

Hi Moneybags, I suppose the reason I posted was because I am not certain if this is the correct move or not.

The "brr website" is useful in going back over all the interviews and reports, albeit the Directors are always exuberant about the prospects.
I emailed directors about their companies exploration areas and 5 have replied quickly. In the coal sector they just aren't bothered, raking in the cash, I suppose.

The uranium price is well down, about $58lb last time I looked, though this factor is one I'm least interested in.
More bothered should they halve in price from here or go bankrupt.