The Bull shall Return

[billhill]

Futher to a suspected pullback, it could be led by a decline in Uranium stocks too if there is any substance to the article in the AFR today on page 43.

CanOz, What is the jist of the article if you don't mind.

 

[nizar]

I'm 43% cash atm and sitting with tight stops on my other trades. Roll on decline i say.

Futher to a suspected pullback, it could be led by a decline in Uranium stocks too if there is any substance to the article in the AFR today on page 43.

Cheers,

75% cash myself.
If we have a correction, im buying - but only on the way up.

 

[CanOz]

75% cash myself.
If we have a correction, im buying - but only on the way up.

Maybe it would be interesting to start a poll on what level of cash everyone is in atm?

What do you think Nizar?

 

[nizar]

Maybe it would be interesting to start a poll on what level of cash everyone is in atm?

What do you think Nizar?

OK but i dont know how to set it up.
Also - im curious as to how u get access to the financial review from china?

I read that article on pg43 just now - and im really keen to know about paladin; how much of its uranium is being sold at contracted prices instead of spot. Because last week i read an article saying that 25% of its forward production was locked in, and this article says less than 50%.

From paladins announcements, my thinking was that their was NO hedging at all, and that all of their uranium would be sold at the spot price.

Can any1 else share some light on this?

Also - does any1 know how much of Olympic Dams production is sold at contract prices, at what price and until when?

 

[nizar]

I'm 43% cash atm and sitting with tight stops on my other trades. Roll on decline i say.

Futher to a suspected pullback, it could be led by a decline in Uranium stocks too if there is any substance to the article in the AFR today on page 43.

Cheers,

There is really nothing new in this article.
Except maybe some people didnt know that ERA sold its uranium at us$16.50/lb - but thats their own fault for not doing due diligence, but who cares anyway, its share price still goes up with the uranium hype!

The article is just about hedging and how the uranium price was low, and nuclear reactor prices require certainty so todays producers, namely WMC (now BHP-owned) and ERA sell their uranium at well below the spot price.

Does any1 know how it works with Cameco? I still havent got over how some of those mines in canada have grades of 20% and we hear get excited over 1% - thats pretty sad...

I have contacted ERA, and they have informed me that they are about 2 years away. With that and the fact that Jabiluka is still being disputed by the traditional owners, i have banished this from my watchlist!

 

[CanOz]

Also - im curious as to how u get access to the financial review from china?

Its a digital version for expats. I download it every morning and read it my lappy. Same price, or close to the newsstand version.

Cheers,