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- 2 May 2007
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Uranium is merely a by-product @ Olympic Dam...
"Olympic Dam is primarily a copper mine that produces 200,000 tonnes of the metal annually while by-products include up to 4000 tonnes of uranium per year as well as gold and silver. The figures make Olympic Dam the third biggest producer of uranium, with about 8% of the world's supply."
Link
"Tom Price, UBS global commodity analyst, said the biggest impact from BHP's expansion would be on the uranium market, with the miner's output of the product expected to account for about 10 per cent of forecast global supply in about 2020.
"That is so big you will start seeing prices in the uranium market fall before it even comes into the market because everyone will be taking positions on it," he said."
Link
My original point remains that uranium market is turning up . It is a slow recovery but coming back. If all signals are understood by common people then there is nothing left for smart business people like BHPB and others to make money. In short, small miners but with rich uranium resources like PEN time is coming return to good soon. How soon - for broader perspective I suggest in next 12 months.
In short, small miners but with rich uranium resources like PEN time is coming return to good soon.
View attachment 44928
:bananasmi
Interesting viewing that the Weekly charts of the Share Price of PEN in 2007 reached a high of 10 cents and earlier this year a high of 15 cents
Can we conclude a lower high in the SP of Uranium will equate to a higher high in the SP of PEN in the future
Please re-visit this chart Karlos to reacquaint yourself with the fact that PEN made a higher high not because Uranium made a lower high but because management dangled the DFS carrot...:nono:
Another bearish pattern break out in addition to today's news means another bearish MACD cross is imminent...
:iagree:
So, are you interested in buying at 3.4 cents ....?
...The ANC’s Youth League and the Congress of South African Trade Unions, the country’s largest labor grouping and a party ally, say that the ANC will adopt nationalisation as a policy at its national conference next year, and is only looking into the details of how best to do it...
The ANC Youth League’s campaign to wrest mine ownership from what it calls a white capitalist elite has caused “an uneasiness from investors, particularly from outside South Africa”...
Link
"Fukushima radioactive caesium leaks ‘equal 168 Hiroshimas’
...This means that “radioactive events” usually do not initially kill people. But some of those particles do indeed land in the wrong place at the wrong time, and subsequently can cause cancer or birth defects in human beings.
the characteristics of caesium makes it not overly bad as far as radioactive sources go,
1 , firstly there was hardly any released.
3 , any amount that is some how ingested will not accumulate in any one area of the body and it will be readily passed within hours.
Another bearish pattern break out in addition to today's news means another bearish MACD cross is imminent...
View attachment 44984
1, "The Fukushima nuclear disaster released twice as much radioactive caesium into the atmosphere as Japanese authorities estimated, reaching 40% of the total from Chernobyl, according to a preliminary report."
2, "The study did not consider health implications but caesium-137 is dangerous because it can last for decades in the environment, releasing cancer-causing radiation."
:bad:
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