Uranium, a Raging Bull
- Thread starter Yippyio
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" Pure Energy : Uranium's Explosive Profits "
http://www.stockhouse.com/shfn/editorial.asp?edtID=18475
http://www.stockhouse.com/shfn/editorial.asp?edtID=18475
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Hmmm WME has really hit the ground running in Nambia,
I think out of the four companies I am aware of operating (trying to operate in Nambia) being AUL BMN EXT WME
WME will be the first to release a JORC inferred resource or non-jorc type inferred resource, because per the release yesterday
Past Drilling and Other Work
The Geological Survey of Namibia has reported that to the end of 1982, when the
area was relinquished, around 32,000 metres had been drilled in more than
2,000 holes on the Marenica Project.
Conclusions
Areas of significant uranium mineralisation and radiometric anomalism were drill
tested over the northeast sector of the Marenica licence in the 1970’s and early
1980’s. Although exploration information from this period is currently limited, this
work has defined targets for future exploration and drilling by West Australia
Metals. Detailed exploration data from past programs will be sourced and
validated by the company as far as possible. This information, if located, could
provide an excellent initial database for a more rapid re-assessment and
evaluation of the project including the advancement of drilling programs to allow
JORC Code resource estimation to be conducted.
So basically they'd want to get there hands on this info so as to turbo charge the resource estimation phase
I think out of the four companies I am aware of operating (trying to operate in Nambia) being AUL BMN EXT WME
WME will be the first to release a JORC inferred resource or non-jorc type inferred resource, because per the release yesterday
Past Drilling and Other Work
The Geological Survey of Namibia has reported that to the end of 1982, when the
area was relinquished, around 32,000 metres had been drilled in more than
2,000 holes on the Marenica Project.
Conclusions
Areas of significant uranium mineralisation and radiometric anomalism were drill
tested over the northeast sector of the Marenica licence in the 1970’s and early
1980’s. Although exploration information from this period is currently limited, this
work has defined targets for future exploration and drilling by West Australia
Metals. Detailed exploration data from past programs will be sourced and
validated by the company as far as possible. This information, if located, could
provide an excellent initial database for a more rapid re-assessment and
evaluation of the project including the advancement of drilling programs to allow
JORC Code resource estimation to be conducted.
So basically they'd want to get there hands on this info so as to turbo charge the resource estimation phase
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Also Noi that article is very very interesting, if true could have huge ramifications, I'm a little sceptical as I thought there would be more hype about it,
Maybe its one of those things that will catch the mkt off guard but I doubt it, being Uranium I would have thought there would have been articles galore on this
Maybe its one of those things that will catch the mkt off guard but I doubt it, being Uranium I would have thought there would have been articles galore on this
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YOUNG_TRADER said:
I am looking at some uranium stocks today and expect to buy a few shortly. Staying mainly in cash as the World situation looks mega-dodgy - good luck Y_T et al
Sean K
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General market sentiment because of Middle East has effected stocks with no ann today. If things calm down tonight your stocks mentioned will be in play again YT. Just a blip I reckon. Syria and Iran won't get involved. They know darn well the US will join in if they do. Or, they are sillier than they look.
im a little sus of the article... it could be a case of too good to be true. it's the first of its kind i've read, particularly of Putin's decision to stop supplying cheap uranium to the US and its effects.
however, i have read of the uranium demand/supply fundamentals and seeing as how the the prices keep rising, i could be wrong. though i did find one thing that i thought was contradicting:
however, i have read of the uranium demand/supply fundamentals and seeing as how the the prices keep rising, i could be wrong. though i did find one thing that i thought was contradicting:
if this is true and companies are able to extract this uranium economically, won't this new supply that is seemingly abundant have a negative effect on uranium prices and companies?
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YOUNG_TRADER said:
Guys, anyone know what happened on this at the G8 Summit?
Did Mr Putin say no more warheads for you Mr Bush to use in your reactors?
Was it even mentioned?
Also I'm not sure if we've discussed it before but found another very interesting article on Thorium,
New age nuclear
Issue 8 of Cosmos, April 2006by Tim Dean
Image: Justin Randall
Nuclear energy produces no greenhouse gases, but it has many drawbacks. Now a radical new technology based on thorium promises what uranium never delivered: abundant, safe and clean energy - and a way to burn up old radioactive waste.
What if we could build a nuclear reactor that offered no possibility of a meltdown, generated its power inexpensively, created no weapons-grade by-products, and burnt up existing high-level waste as well as old nuclear weapon stockpiles? And what if the waste produced by such a reactor was radioactive for a mere few hundred years rather than tens of thousands? It may sound too good to be true, but such a reactor is indeed possible, and a number of teams around the world are now working to make it a reality. What makes this incredible reactor so different is its fuel source: thorium.
Named after Thor, the warlike Norse god of thunder, thorium could ironically prove a potent instrument of peace as well as a tool to soothe the world's changing climate. With the demand for energy on the increase around the world, and the implications of climate change beginning to strike home, governments are increasingly considering nuclear power as a possible alternative to burning fossil fuels.
But nuclear power comes with its own challenges. Public concerns over the risk of meltdown, disposal of long-lived and highly toxic radioactive waste, the generation of weapons grade by-products, and their corresponding proliferation risks, all can make nuclear power a big vote-loser.
A thorium reactor is different. And, on paper at least, this radical new technology could be the key to unlocking a new generation of clean and safe nuclear power. It could prove the circuit-breaker to the two most intractable problems of the 21st century: our insatiable thirst for energy, and the warming of the world's climate.
The rest is here http://www.cosmosmagazine.com/node/348
Guess who's the only ASX listed stock with a Thorium deposit?
ARU!
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Still nothing about if Russia tried to renegotiate it Warhead/Uranium supplies with the US,
Also IT APPEARS THAT THE CHINESE ARE COMING NEXT WEEK!
China eyes uranium power plays
From: By Mandi Zonneveldt
July 17, 2006
CHINA has begun sizing up Australian uranium companies in a bid to secure supplies of the nuclear fuel.
Senior representatives of four Chinese trading companies will attend a conference in Perth next week with a view to signing equity deals with Australian uranium explorers.
Xu Gang, chief China representative for Australian consultants Sustainability, who will host the Chinese delegates, told Business Daily the companies were already at various stages of discussion with Australian explorers.
He said off-take agreements would almost certainly form part of any deals negotiated.
China's bid to grab a slice of the sector follows the signing of an agreement in April allowing uranium to be exported to the energy-hungry Asian powerhouse.
China plans to build 40 new nuclear reactors by 2020 as the country's demand for power quadruples.
Advertisement:
Federal Resources Minister Ian Macfarlane wants Australian uranium exports to double from about 10,000 tonnes a year to meet demand from China.
BHP Billiton is doing the numbers on a $6 billion expansion at Olympic Dam, with plans to double uranium output from the giant mine.
But pressure is mounting on the state Labor governments to lift their opposition to the development of new mines in Australia.
China is jostling for position ahead of an expected policy change next year.
China has invested hundreds of millions of dollars this year in its bid to shore up supplies of increasingly-expensive natural resources.
Chinese companies have been particularly active in the junior iron ore sector, prompted by hostile price negotiations with Australia's mining giants.
Sinosteel, the second largest steel producer in China, has agreements with MidWest, Cape Lambert Iron Ore and Jupiter Mines, while Gindalbie Metals has signed a deal with AnSteel that will see the Chinese company underwrite its mining operations.
Uranium explorer Uranex has already signed a deal with the China National Nuclear Corporation (CNNC), a state-owned body, to explore and develop uranium at its projects in Australia and Tanzania.
Mr Xu said China's involvement in Australian uranium would repeat the iron ore story.
He said Chinese companies were keen to get access to good exploration ground, however he said local knowledge was a big barrier.
"Most likely they will take part in activities of Australian uranium companies that they trust or companies that have (a) clear China background," he said.
High-level Chinese government officials will also be among the delegates at the Australian Uranium Conference next week.
The China Atomic Energy Authority, the state-owned regulatory body, will be represented, as will CNNC and the China Guangdong Nuclear Power Corporation, which is responsible for power plant construction in the southern province.
Conference co-ordinator Doug Bowie said the conference provided Australian uranium industry players with a rare opportunity to network directly with interested parties from China.
Also IT APPEARS THAT THE CHINESE ARE COMING NEXT WEEK!
China eyes uranium power plays
From: By Mandi Zonneveldt
July 17, 2006
CHINA has begun sizing up Australian uranium companies in a bid to secure supplies of the nuclear fuel.
Senior representatives of four Chinese trading companies will attend a conference in Perth next week with a view to signing equity deals with Australian uranium explorers.
Xu Gang, chief China representative for Australian consultants Sustainability, who will host the Chinese delegates, told Business Daily the companies were already at various stages of discussion with Australian explorers.
He said off-take agreements would almost certainly form part of any deals negotiated.
China's bid to grab a slice of the sector follows the signing of an agreement in April allowing uranium to be exported to the energy-hungry Asian powerhouse.
China plans to build 40 new nuclear reactors by 2020 as the country's demand for power quadruples.
Advertisement:
Federal Resources Minister Ian Macfarlane wants Australian uranium exports to double from about 10,000 tonnes a year to meet demand from China.
BHP Billiton is doing the numbers on a $6 billion expansion at Olympic Dam, with plans to double uranium output from the giant mine.
But pressure is mounting on the state Labor governments to lift their opposition to the development of new mines in Australia.
China is jostling for position ahead of an expected policy change next year.
China has invested hundreds of millions of dollars this year in its bid to shore up supplies of increasingly-expensive natural resources.
Chinese companies have been particularly active in the junior iron ore sector, prompted by hostile price negotiations with Australia's mining giants.
Sinosteel, the second largest steel producer in China, has agreements with MidWest, Cape Lambert Iron Ore and Jupiter Mines, while Gindalbie Metals has signed a deal with AnSteel that will see the Chinese company underwrite its mining operations.
Uranium explorer Uranex has already signed a deal with the China National Nuclear Corporation (CNNC), a state-owned body, to explore and develop uranium at its projects in Australia and Tanzania.
Mr Xu said China's involvement in Australian uranium would repeat the iron ore story.
He said Chinese companies were keen to get access to good exploration ground, however he said local knowledge was a big barrier.
"Most likely they will take part in activities of Australian uranium companies that they trust or companies that have (a) clear China background," he said.
High-level Chinese government officials will also be among the delegates at the Australian Uranium Conference next week.
The China Atomic Energy Authority, the state-owned regulatory body, will be represented, as will CNNC and the China Guangdong Nuclear Power Corporation, which is responsible for power plant construction in the southern province.
Conference co-ordinator Doug Bowie said the conference provided Australian uranium industry players with a rare opportunity to network directly with interested parties from China.
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I have been checking and have confirmed the Chinese are coming next week and their coming for our Uranium companies,
I expect this to be the event to really light the fuse under the uranium sector which recently got a nice jump start thanks to a raft of takeover action
I expect this to be the event to really light the fuse under the uranium sector which recently got a nice jump start thanks to a raft of takeover action
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A reminder the Uranium scetor will light up again next week,
The Chinese are attending a Uranium Conference in Perth next Tuesday to Wednesday, with the aim of signing equity deals and offtake deals with Australian Juniour Explorers, so keep an eye out,
For all short term punters and traders should see some excellent 5-10% gains intra-day,
For those fundies who can pick who the chinese will ink paper with should see large price spikes!
The Chinese are attending a Uranium Conference in Perth next Tuesday to Wednesday, with the aim of signing equity deals and offtake deals with Australian Juniour Explorers, so keep an eye out,
For all short term punters and traders should see some excellent 5-10% gains intra-day,
For those fundies who can pick who the chinese will ink paper with should see large price spikes!
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Hey Nizar,
Hmmm, not sure, I would have thought that those companies with JORC Resources would be top of the list for offtake agreements,
EME, DYL, ARU, AGS, MTN, NEL, PNN, SMM
All come to mind,
As for JV's I have no idea, I was confused that they signed a JV with UNX in March, its grounds aren't that impressive,
Be interesting to see who they ink paper with,
Hmmm, not sure, I would have thought that those companies with JORC Resources would be top of the list for offtake agreements,
EME, DYL, ARU, AGS, MTN, NEL, PNN, SMM
All come to mind,
As for JV's I have no idea, I was confused that they signed a JV with UNX in March, its grounds aren't that impressive,
Be interesting to see who they ink paper with,
Realist
Billie Jean is not my lover
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With Beazley talking about removing Labor's "no new mines" policy. You'd think Uranium stocks will rise tomorrow.
michael_selway
Coal & Phosphate, thats it!
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2 Questions??
How many nuclear power stations does China already have?
And which Oz-listed U stocks are gearing up for production / when? (PDN soon, EQN 4q07 - others?)
thnks
How many nuclear power stations does China already have?
And which Oz-listed U stocks are gearing up for production / when? (PDN soon, EQN 4q07 - others?)
thnks
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Looks like lots of burnt fingers from the March Uranium rally are being more cautious this week,
Am suprised that this Uranium conference in Perth, where the Chinese have said they wish to sign JV Equity deals + Offtake agreements combined with Big Old Beasley's comments on U U-turn havent ignited the uranium rocket!
Sentiment really is everything, Positive sentiment with momentum is unstopable in the short term and knows no reason (AUM, FNT) after short term Newtons law applies (What goes up, must come down)
Am suprised that this Uranium conference in Perth, where the Chinese have said they wish to sign JV Equity deals + Offtake agreements combined with Big Old Beasley's comments on U U-turn havent ignited the uranium rocket!
Sentiment really is everything, Positive sentiment with momentum is unstopable in the short term and knows no reason (AUM, FNT) after short term Newtons law applies (What goes up, must come down)
