Uranium, a Raging Bull
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Sean K
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I'm not really sure how long it takes to build all the infrastructure required. They need to complete BFS as well which could take a while. They say that they won't commence BFS until there is a green light from the State Gov, so we're going to have to wait till then. That should occur after Labor change their nat policy in April. Give the State a couple of months to toss over it, so maybe not even a decion to do a BFS until June/Jul 07....It's a long process.nizar said:
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This uranium game is too easy,
I've just been jumping on U-stocks that haven't run and sure enough they do, jumped on OMC this morning, also commented on WME (all be it much higher risk due to placement) both have run 10-15%
Now only decent U-Stock I see left that hasn't run and in fact is down is GBE, due to relese results shortly so ann could get U-Bulls into it
I've just been jumping on U-stocks that haven't run and sure enough they do, jumped on OMC this morning, also commented on WME (all be it much higher risk due to placement) both have run 10-15%
Now only decent U-Stock I see left that hasn't run and in fact is down is GBE, due to relese results shortly so ann could get U-Bulls into it
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Not that I could find really, mind you I'm refering to decent Uranium companies, but still I can't find any that are sitting at 6 month lows like GBE,
Pick any stock and its run
AEX, AGS, BMN, WME, MRO, MRU, UNX, USA, UXA, SIM, MTN, OMC, PNN, ENR, UTO, PDN, SMM, EME and so on
More include UOG, PEN, DYL, EXT, WMT
So I'd say its a fait to compli that GBE will enjoy some activity
Pick any stock and its run
AEX, AGS, BMN, WME, MRO, MRU, UNX, USA, UXA, SIM, MTN, OMC, PNN, ENR, UTO, PDN, SMM, EME and so on
More include UOG, PEN, DYL, EXT, WMT
So I'd say its a fait to compli that GBE will enjoy some activity
YOUNG_TRADER said:
hey YT, how about TOE? it's cashed up ($14.8m) and it hasn't really been moving for a while, haven't followed this one, just caught my eye a min ago
(personally i fink UOG is just using the U word to attract investors, i has very little substance..just my opinion..sorry if it offended any UOG holders
)
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Well TOE is cashed up $15m but then its mkt cap is what? $120m? also its up 10% or so over the last few days and up 50% of its lows of 50c about 2 months ago so there is room to move on the downside
GBE on the other hand have $4m in cash, a mkt cap of $25m fully dilluted at 45c and are sitting on 6month lows of 45c, the chart indicates support here so downside is limited,
Take your pick, but I jumped in on GBE those opies were just too tasty!
GBE on the other hand have $4m in cash, a mkt cap of $25m fully dilluted at 45c and are sitting on 6month lows of 45c, the chart indicates support here so downside is limited,
Take your pick, but I jumped in on GBE those opies were just too tasty!
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has to be some profit taking from this run soon. It has just been going too well.
sleeper88 said:hey YT, how about TOE? it's cashed up ($14.8m) and it hasn't really been moving for a while, haven't followed this one, just caught my eye a min ago
toro is the most overvalued stock i know, and its been overvalued even on the offer price of 25c IMO. forget about it, please.
Sean K
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Nuclear fuel becoming choice energy investment, experts say
Greenwire, 7 November 2006 - Hedge funds are quickly making uranium the energy investment of choice as a worldwide shortage and growing demand pushes its value beyond its six-fold gain since 2001, experts said this week.
Nuclear power producers are paying record prices for the ore that fuels 16 percent of the world's electricity. The spot price of uranium has advanced an average of 45 percent per year over the past five years, based on data from Georgia-based Ux Consulting Co.
Experts forecast that uranium, valued at a record $60 per pound last week, may break $70 by this January as a renewed interest in nuclear power worldwide drives demand even higher. Some forecasts predict uranium's value to hit $80 or even $100 per pound.
"It is a very tight, producer's market," said Robert Godsell, chief executive officer of Johannesburg-based AngloGold Ashanti Ltd., whose gold mines also produce uranium. "We're very optimistic about the long-term price of uranium because it's the only alternative to coal and oil-based energy on scale."
The high prices are in part due to virtually no investment in new uranium mines in almost two decades. Mines in Australia, Canada and Namibia are straining to keep up with demand.
"We're in an historic uranium shortage," said James Passin, who manages $580 million at New York-based Firebird Management LLC and began buying shares of uranium producers five years ago. "We're in a global nuclear revival," he said (Evans/Donville, Bloomberg , Nov. 6).
Greenwire, 7 November 2006 - Hedge funds are quickly making uranium the energy investment of choice as a worldwide shortage and growing demand pushes its value beyond its six-fold gain since 2001, experts said this week.
Nuclear power producers are paying record prices for the ore that fuels 16 percent of the world's electricity. The spot price of uranium has advanced an average of 45 percent per year over the past five years, based on data from Georgia-based Ux Consulting Co.
Experts forecast that uranium, valued at a record $60 per pound last week, may break $70 by this January as a renewed interest in nuclear power worldwide drives demand even higher. Some forecasts predict uranium's value to hit $80 or even $100 per pound.
"It is a very tight, producer's market," said Robert Godsell, chief executive officer of Johannesburg-based AngloGold Ashanti Ltd., whose gold mines also produce uranium. "We're very optimistic about the long-term price of uranium because it's the only alternative to coal and oil-based energy on scale."
The high prices are in part due to virtually no investment in new uranium mines in almost two decades. Mines in Australia, Canada and Namibia are straining to keep up with demand.
"We're in an historic uranium shortage," said James Passin, who manages $580 million at New York-based Firebird Management LLC and began buying shares of uranium producers five years ago. "We're in a global nuclear revival," he said (Evans/Donville, Bloomberg , Nov. 6).
Sean K
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PM foresees nuclear in energy mix
Katharine Murphy and Liz Minchin
November 9, 2006
JOHN Howard has signalled nuclear energy must be part of Australia's energy mix but said his Government has not made any decisions about the large subsidies required to build new power plants.
The Prime Minister yesterday welcomed a report from the International Energy Agency, which argued in favour of boosting nuclear energy for the first time in the forum's 32-year history.
The IEA assessment comes ahead of a report by Mr Howard's nuclear energy taskforce due on November 21, which is expected to argue Australia could build nuclear power plants within two decades because coal-fired power will become expensive as polluters bear the costs of cleaning up their carbon dioxide emissions.
Labor's resources spokesman Martin Ferguson also welcomed the new IEA assessment, and continued to push debate within ALP ranks by endorsing the use of nuclear power overseas to lower greenhouse gas emissions. Mr Ferguson stuck to his party's position that Australia does not need nuclear energy, but claimed "it will increase in those countries where it is already a fact of life in Europe, Asia and North America".
Katharine Murphy and Liz Minchin
November 9, 2006
JOHN Howard has signalled nuclear energy must be part of Australia's energy mix but said his Government has not made any decisions about the large subsidies required to build new power plants.
The Prime Minister yesterday welcomed a report from the International Energy Agency, which argued in favour of boosting nuclear energy for the first time in the forum's 32-year history.
The IEA assessment comes ahead of a report by Mr Howard's nuclear energy taskforce due on November 21, which is expected to argue Australia could build nuclear power plants within two decades because coal-fired power will become expensive as polluters bear the costs of cleaning up their carbon dioxide emissions.
Labor's resources spokesman Martin Ferguson also welcomed the new IEA assessment, and continued to push debate within ALP ranks by endorsing the use of nuclear power overseas to lower greenhouse gas emissions. Mr Ferguson stuck to his party's position that Australia does not need nuclear energy, but claimed "it will increase in those countries where it is already a fact of life in Europe, Asia and North America".
Sean K
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There is still heaps of media covering uranium atm, which is going to keep driving interest on the market imo. Looks set to continue for a bit perhaps??
I'm thinking of jumping into these U stocks again pretty shortly. As soon as I see some sanity, or an opportunity.
Considering getting back into: EVE, EXT, MTN, and more SMM. Just holding AGS and SMM now due to their imminent JORC announcements. (wouldn't want to be out when that happens)
I think the fever is still there, which I am surprised at. Thought it would last a few days and then everyone would jump, but it hasn't really been the case. Perhaps this slight pullback is just the start of a larger run? Or a fall??? Aaahhhhh!
Well, I've got the finger poised anyway to take some quick opportunities while the goings good. Wouldn't want to be holding much overnight though, which I think is the only way to be 'trading' safe atm.
I'm thinking of jumping into these U stocks again pretty shortly. As soon as I see some sanity, or an opportunity.
Considering getting back into: EVE, EXT, MTN, and more SMM. Just holding AGS and SMM now due to their imminent JORC announcements. (wouldn't want to be out when that happens)
I think the fever is still there, which I am surprised at. Thought it would last a few days and then everyone would jump, but it hasn't really been the case. Perhaps this slight pullback is just the start of a larger run? Or a fall??? Aaahhhhh!
Well, I've got the finger poised anyway to take some quick opportunities while the goings good. Wouldn't want to be holding much overnight though, which I think is the only way to be 'trading' safe atm.
Sean K
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Report tips uranium mining shake-up
13/11/2006 06:28:08 PM
A government-backed think tank largely made up of uranium industry executives has called for a shake-up of the way uranium ore is regulated and mined in Australia.
A report released by the Uranium Industry Framework (UIF) steering group makes 20 wide-ranging recommendations.
The report says the industry should work to promote a better understanding of uranium, that mining laws around Australia be harmonised, and that indigenous communities be encouraged to become involved in mining.
The UIF report comes a week before the federal government nuclear energy task force, headed by former Telstra boss Ziggy Switkowski, is due to report on the future of the nuclear industry in Australia.
The UIF said the Australian uranium industry should establish a "stewardship platform" to promote the industry.
The paper said transport constraints hampering shipping of yellowcake be removed and that state and territory governments should develop radiation safety and protection courses for miners as well as a certification system.
"Demand for uranium is rising with many countries making more use of nuclear power," Resources Minister Ian Macfarlane said in a statement regarding the paper.
"The spot price for uranium has almost tripled over the last three years, creating valuable export opportunities."
He said Australia currently held about 40 per cent of the world's uranium resources, but accounted for only 23 per cent of the world's production.
Australian Uranium Association executive director Michael Angwin said in a statement that the report was another step towards the industry being recognised as part of the mainstream of Australia's resources industry.
"Australia's uranium industry is a source of jobs and prosperity for Australia and Australians and a means by which the world will be able to address the problems of global warming," Mr Angwin said.
The Australian Conservation Foundation said the report was another example of the government showing their ideological support for uranium mining.
13/11/2006 06:28:08 PM
A government-backed think tank largely made up of uranium industry executives has called for a shake-up of the way uranium ore is regulated and mined in Australia.
A report released by the Uranium Industry Framework (UIF) steering group makes 20 wide-ranging recommendations.
The report says the industry should work to promote a better understanding of uranium, that mining laws around Australia be harmonised, and that indigenous communities be encouraged to become involved in mining.
The UIF report comes a week before the federal government nuclear energy task force, headed by former Telstra boss Ziggy Switkowski, is due to report on the future of the nuclear industry in Australia.
The UIF said the Australian uranium industry should establish a "stewardship platform" to promote the industry.
The paper said transport constraints hampering shipping of yellowcake be removed and that state and territory governments should develop radiation safety and protection courses for miners as well as a certification system.
"Demand for uranium is rising with many countries making more use of nuclear power," Resources Minister Ian Macfarlane said in a statement regarding the paper.
"The spot price for uranium has almost tripled over the last three years, creating valuable export opportunities."
He said Australia currently held about 40 per cent of the world's uranium resources, but accounted for only 23 per cent of the world's production.
Australian Uranium Association executive director Michael Angwin said in a statement that the report was another step towards the industry being recognised as part of the mainstream of Australia's resources industry.
"Australia's uranium industry is a source of jobs and prosperity for Australia and Australians and a means by which the world will be able to address the problems of global warming," Mr Angwin said.
The Australian Conservation Foundation said the report was another example of the government showing their ideological support for uranium mining.
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Anybody apply for any of the new uranium IPOs
