Might have a crack at .063 Monday if it hangs around!!
Sticking it's head above a little short term resistance with an oversold finish.
May get that century after all!!
But mining stalwart Warwick Grigor is less optimistic, believing the memories of Fukushima are too fresh. ''I think this nuclear winter that we are putting up with at the moment is going to go on longer than the optimists are suggesting,'' he said.
Grigor, who runs an investment advisory business and also sits on the board of uranium play Peninsula Energy, agrees that nuclear is the logical future power source for a world wanting to reduce its carbon emissions, but he said such decisions aren't always based on logic.
''We are dealing with a world where common sense doesn't rule, even though there is horrendous pollution occurring every day from coal-fired power stations, that is not enough to make some people overcome that psychological fear of nuclear power plants,'' he said.
Grigor said there could be a sweet spot for companies already producing or close to producing uranium, and he said those with multiple mines were best placed. But he said these were exceptions, and there was no justification for being bullish about the sector as a whole.
''I would say 90 per cent of the uranium hopefuls out there are going to find that the road is just too hard for them,'' he said.
Wonder what the fundies think when someone who is on the board of directors is talking down the sector,
http://www.theage.com.au/business/u...n-fukushima-20120309-1uppn.html#ixzz1of8Axjsx
China is slowing.
Sometimes the ignorant should read between the lines...
But you will eventually work it out...So much more happening but the "techies" will have to work that out for themselves.
Any of you genuises buy NWE?...no I thought not ROLOL
I am keeping an eye on PEN at the moment. Current market and Japan news may break the base of this but if it doesn't ????
(click to expand)
Once this was one of the most talked threads.
But since for about 3 weeks no one seemed to have shown interest in the forum or stock market.
Looks like this news could be a disastrous blow for many uranium hopefuls including me
http://www.voanews.com/english/news/Japan-Shuts-Down-Last-Nuclear-Reactor-150287355.html
With record wall street depression on last Friday the ASx will follow it on Monday and just can not imagine what that leads to PEN stock:
New sea wall erected to guard Onagawa nuclear plant against tsunami
SENDAI (Kyodo) -- A new sea wall has recently been erected at the Onagawa nuclear power plant in Miyagi Prefecture to guard the seaside complex against possible tsunami and was shown to local assembly members on Tuesday.
The sea wall, built in the wake of the nuclear disaster in nearby Fukushima Prefecture triggered by the March 2011 earthquake and tsunami, is about 3 meters tall, effectively making it a 17-meter sea wall given that it is built on ground about 14 meters above sea level.
The concrete structure, built at the Tohoku Electric Power Co. nuclear power complex in the town of Onagawa and the city of Ishinomaki, stretches about 600 meters along the Pacific coast. It was shown Tuesday to Ishinomaki assembly members in a guided tour.
All operating commercial nuclear reactors in the country have gone offline amid public concern over the safety of nuclear reactors in the aftermath of the disaster at the Fukushima Daiichi nuclear power plant.
May 09, 2012(Mainichi Japan)
Japan will eventually need to restart the reactors because there is no alternative to replace base load power for industrial support. Facing the prospect of a hot, humid summer without air conditioning may be the catalyst that the country will need to expedite the incremental consent to restart individual nuclear power plants. Dr. Tokuhiro indicated a positive outlook for uranium investors, stating that if “you have a manufacturing economy that is based on a cheap and abundant energy and you trace that back with nuclear fuel or mined uranium prices it is really going to shift the balance of power towards China.”
My apologies people.
The information I received on Gus was wrong. He is "in" the US but not "back" from the US. Sorry for any confusion.
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