Looking for good uranium stocks
- Thread starter qqqqq
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i think SMM has huge potential upside when you start looking at all their tennements and realise they have only converted two skall and vulhulla to JORC deposits.
other 6 are going to be JORC by end of year then we will begin to see how much u they really have. awesome grades at andersons, check SMM thread
other 6 are going to be JORC by end of year then we will begin to see how much u they really have. awesome grades at andersons, check SMM thread
PDN still has the most potential to make good gains so long as the 3 mines policy remains in australia. It all good and well having good uranium deposits but not if you can't mine them. The best australian companies will have uranium deposits in the northen territory as the federal gomernment has the final say here. Apart from that the african uranium miners are the best bet. Global warming will further help the uranium cause over the next 5 -10 year as will the tight supply so keep up the investing.
Sean K
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168 said:
These are not recommendations, just thoughts (plus I'm no Guru)...
PDN About to come on line. Will then be bought by fundies if not been acc now. Not a speccie.
SMM 3rd or 4th largest total resource in the country. Upside from potential favourable outcome of litigation against RSG. Could bring them the total resource at Valhalla and Skal. Labor to change 'no new brains policy' next year opening it up Mt Isa to uranium mining. bringing out up to 6 JORC resources by end of the year.
MTN Under takeover offer, not endorsing, could be incresed bid, or alternate. Economic resource.
Should check the threads for more info.
You should put BHP in your list for the lkelihood of a big resource upgrade at Olympic Dam. Current producer. Obviously influenced by other commods though.
(Note: hold SMM, BHP and MTN)
168,
We can't tell you which stocks to buy only point you in the right direction. Do as much research as you can on all these stocks and decide whether you want to be a more speculative investor or buy an established company. Have confidence in your decisions and be patient. Don't take others words as gospel as this will lead to big mistakes. For example i own paladin stock so it is in my best interest to talk it up and get as many people to purchase it as i can. Therefore can you believe for certain anything i say about the company.
Good Luck
Billhill
Sean K
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Ditto what bill said.
Check all the threads and the last few anns from the companies. Go to their web sites and check them out too.
Also add EVE to your list to check up on. (I'm holding)
Also,
Look for total JORC resources and compare market caps.
Things in U mining friendly countries.
Look for resources close to infrastructure.
Explorers who have tenaments near, or between, or on, similar geology to known miners with good resources.
Harder to pick for beginners like us is quality of management. Look for directors who have U mining experience possibly in good companies.
And, how much cash do they have in the bank.
There's other factors of course, but just things to consider.
Check all the threads and the last few anns from the companies. Go to their web sites and check them out too.
Also add EVE to your list to check up on. (I'm holding)
Also,
Look for total JORC resources and compare market caps.
Things in U mining friendly countries.
Look for resources close to infrastructure.
Explorers who have tenaments near, or between, or on, similar geology to known miners with good resources.
Harder to pick for beginners like us is quality of management. Look for directors who have U mining experience possibly in good companies.
And, how much cash do they have in the bank.
There's other factors of course, but just things to consider.
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imajica said:with a market cap of 30 million and uranium pushing $52 a pound - AEX is definitely looking good
I have a good look at AEX. It looks cheap. But I cannot find any consistent info from the company's reports.
Sean K
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mmmmining said:
The grading above is a JORC inferred resource estimate completed by one of the previous owners of the project. You can find the detail in their last quarterly and on their web site.
They finished drilling 20 additional holes over the past 2 months which are now in the lab and been verified/audited. Should be announced shortly. From this they will do a new analysis using the new data with existing data and come up with revised JORC. Only needs to be similar to the last one to be a good thing.
24m lbs U3O8 and 2.5m oz Au.........
I have my fingers crossed for a larger resource at better grades....
http://www.acclaimexploration.com.au/
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168 - if you want to look back at a 3rd - try WME. They have their acreage in Namibia right next to PDN's and are a fraction of the price. Good exciting new team - plenty of future and certainly worth more than a cursory glance in my opinion.168 said:
At todays prices, a small entry (even into the WMEO options) is likely to show a very nice return over the next 12 months or so.
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I am thinking when is the end of current Uranium boom. Maybe in a couple of weeks? I have seen a few U stocks making all-time high, such as PNN, SMM, AGS, and CUY (anything else?)
I am thinking which one will be the likely target for PDN? I think MTN and SMM are on the menu. MTN need to improve its resources grade, and SMM need to drop price. Either way, make the holding of SMM with controlled risk. MTN could be a real gem if someone can cut it nicely.
I am also thinking which one will be the likely target for MGA.TO? The Canadian has its own way of thinking, think big, think global. I guess they may like DYL, MTN, OMC, UNX, or MRO because have taken the companies with resources in WA, QLD. They make like something from NT and SA, or far and far away in Africa and central Asia.
I am thinking which one will be the likely target for PDN? I think MTN and SMM are on the menu. MTN need to improve its resources grade, and SMM need to drop price. Either way, make the holding of SMM with controlled risk. MTN could be a real gem if someone can cut it nicely.
I am also thinking which one will be the likely target for MGA.TO? The Canadian has its own way of thinking, think big, think global. I guess they may like DYL, MTN, OMC, UNX, or MRO because have taken the companies with resources in WA, QLD. They make like something from NT and SA, or far and far away in Africa and central Asia.
mmmmining said:
end of the uranium boom?
maybe in the next few decades:
http://www.marketwatch.com/news/story/Story.aspx?guid={2A8D6FAE-560D-4F95-9637-F4D2FFA4BA28}&siteid=
AGS has been making all time highs ever since august, and paladin has been running for several years
This is only the beginning for uranium. Do some research and ull find out why. I dont have the time to go into lengths about it here and now.
My pick from the uranium stocks: PDN, OMC, EVE, EME, SMM
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nizar said:
Sorry, you mis-quote my argument. I wrote "The Current Uranium Boom", the short term boom, not the long term trend. For example, PDN down from $5.54 to 3.3 something in June, EME from $2.9 to $1.4 in May-June, EVE from $.17 to $0.08 something in Sept, OMC from $0.90 to $0.45, and SMM from $1.76 to $0.85. Believe it or not, I buy and hold some of them, together with others. Can we profit from this kind of short term correction by shorting some of the hot stocks? You can see that the potential profit is equally huge. What do you think?
My another point is correction is good thing for take over activities. If we can identifiy some stocks with takeover target pontential, holding such stocks, we should have very limed downside risk
.The only way we will see a drop in uranium stocks over the short term is if the uranium price drops (snowballs chance in hell) or a significant correction in the overall market like the one seen in may of this year.
Its hard to burst a bubble when the fundamentals continue to go up in value.
Its hard to burst a bubble when the fundamentals continue to go up in value.
billhill said:
brother or in a general market correction
PDN went from $5.50 to $3.30 in May when URANIUM WAS STILL GOING UP!!
ANd guess what - last year PDN went from $2.50 to $1.55 in October... 38% loss when the general market lost only 8%, and uranium was going up back then as welL!
These stocks can still go down regardless of fundamentals, the market can stay irrational longer than u can stay solvent, my friend.
