Japan have shelved plans for about 14 (from memory) new reactors. Not sure if any other players have reset plans but a lot of the uranium price was factored in to the demand coming on strong over the next 10-20 years. Price of U could be trashed and put any explorers in mothballs.
This has always been one of the risks.
The fundamentals are saying trouble to anyone wanting to start mining in the short to medium term.
"Shelved" where did you get that from kennas?
One of the aspects that really p's me off is misinformation. The media has done this in spades over the earthquake and tsnami events, and doing so agian with a fervour beyond reason.
Another example of speculative media crud. All the way through this event the media simply love to use poetic license and "expand' the truth and facts as they did throughout the events that ensued the earthquake and tsunami.
They couldn't lie straight in bed some of them.
The Japanese Prime Minister gave a speech but never stated any such thing.
This is what he stated in part...
Note: "Reconsider" as the headline...NOT "Abandon" of which they definitiely have not.
They are "reconsidering" policy, no mention of "abandoning" except in he media.
Also note they intend to increase nuclear energy from the current 30% to 50% by 2030. If they aren't going to expand capacity of nuclear then how will this be done?????
Perhaps the Einsteins in the press can tell the world how this will magically be done? They couldn't do that though as that would be telling the truth...not really a news selling aspect it seems.
Japan to reconsider energy policy
11 May 2011
"A rethink of Japan's energy policy following the accident at the Fukushima Daiichi nuclear power plant has been announced by the country's prime minister Naoto Kan. Nuclear will remain a "pillar" in Japan's energy supply, he said."
and...
"I think it is necessary to discuss from scratch the current basic energy plan, under which the
share of nuclear energy is expected to be more than 50% in 2030, while more than 20% will come from renewable power."
source:
http://www.world-nuclear-news.org/N...N_Daily_11_May_20115_11_2011&utm_medium=email Other
Reality check:
IMO Japan will follow, as will the rest of the world. Coal is a finite resource and known to be an unclean energy source, killing far more than nuclear ever did (as has been posted here and elsewhere previously).
This is simply a writing on the wall article but a good one IMO.
In part...
"Nuclear is the safest option"
Meng Si
May 10, 2011
Fukushima triggered public alarm in China, but state energy researcher Jiang Kejun believes nuclear power remains the country?s best bet.
He tells Meng Si why
"In the early days of the Japanese nuclear crisis, the Standing Committee of China?s State Council suspended approval of new nuclear-power projects. Later, an official at the National Development and Reform Commission (NDRC) ? China?s top economic planning body ? indicated that China would not abandon nuclear power as a result of events in Japan and that, as long as safety is assured, development would still be rapid. So what is the real impact of Japan?s disaster on future energy policy in China? chinadialogue?s Meng Si spoke to Jiang Kejun, senior researcher at NDRC?s Energy Research Institute."
Full article:
http://www.chinadialogue.net/article/show/single/en/4281
Scaremongering using baseless information is rife over Fukishima, the facts remain. PEN will be a producer (funding and full permitting pending). A producer ahead of the herd of hopefuls that many posters have been singing the praises of that are a long way from production yet, if they ever get there.
Not only do I not scare easily, I don't take notice of traders that have a clear interest in a stocks price going down to gain a better entry. Good luck with that.