Australian (ASX) Stock Market Forum

Uranium, a Raging Bull

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nioka said:
You may just get caught???. You wont be the first if you do.
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I may indeed. But thats why when it gets too crazy, u sell. Dont be too greedy and leave some profit on the table for the next person.
 
nioka said:
That sentiment is giving a lot of false hope to those buyimg shares in some of the smaller prospectors whose only claim to fame so far is talking up "chip samples". There will be a lot of disapointments to come.
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Sure. But thats always the case, and is a matter of choosing investments wisely. My comment refers to the industry as whole, because I don't believe the world is taking global warming as seriously today as it will tommorrow. The cost of energy will go up, and the advantages of nuclear energy will multiply. And because the cost of uranium is such a trivial component of the cost of running a power station (in contrast to coal), I don't see market forces capping the price of uranium so much as driving it up into blue sky. Think in terms of $1000 per lb.
 
YOUNG_TRADER said:
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
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And today was GBE's day, stock and options were up over 100% from when this post went up!
 
YOUNG_TRADER said:
And today was GBE's day, stock and options were up over 100% from when this post went up!
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Good work YT.

Any others that haven't run?

AEX hasn't, but doesn't deserve too. :mad:
KOR has had a little run

??
 
I would keep a close eye on ERN. People will say it has run. But it definately hasn't IMO.

The erongo license contains the erongo mountains. The erongo mountains is a granitic mountain range and is a volcanic region, originating some 150 million years ago. Granite is the primary host of uranium mineralisation in Namibia right? worth a go IMO.

They also have another license with strong radiometric anomolies and I dont think there is past exploration in their current licenses. They are currently applying three other EPL's in Namibia. Dont forget they are cash flow positive with their oil assets in Louisiana.
 
THR - Thor Mining

check out their latest announcement - rock chip sample - 31 % Uranium

very promising stuff in NT

apart from that they have a Moly/Tungsten project which will be priducing berfore the end of 2007
 
Some good articles in the latest "Bulletin" regarding the nuclear industry and uranium mining companies. Worth a read. :nuke:
 
kennas said:
Spot at $62.50 now....It just does not take a backward step.
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Hi Kennas,
Thanks for the latest price.
Go the uranium price (and go VMS). Hopefully, the uranium stock boom will continue for a while yet.
As always, do your own research before buy/selling.
 
Has anyone contemplated what will happen if even half of all these uranium juniors actually end up mining the stuff? I can see a major supply glut in 3-5 years, i know demand is increasing, but is it enough to take up all of the extra production that will be coming online?

I can't say it is something I have researched properly as I wouldn't really know where to start, I know China, India and maybe Japan have new reactors planned as well as Kyoto countries probably having to install more as well to meet their obligations there. For example, how much U does a reactor use every year?

Don't get me wrong, I have quite a bit invested in U companies, just curious as to what other people think of this situation.
 
kennas said:
Spot at $62.50 now....It just does not take a backward step.
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Picked up some PDNs yesterday. There was some support at $5.90. Stronger at $5.30-5.40. PDN was up 10%+ last nite on the TSX on heavy volume. Other uranium stocks rallied also.
Monday should be interesting.
 
deftfear said:
Has anyone contemplated what will happen if even half of all these uranium juniors actually end up mining the stuff? I can see a major supply glut in 3-5 years, i know demand is increasing, but is it enough to take up all of the extra production that will be coming online?

I can't say it is something I have researched properly as I wouldn't really know where to start, I know China, India and maybe Japan have new reactors planned as well as Kyoto countries probably having to install more as well to meet their obligations there. For example, how much U does a reactor use every year?

Don't get me wrong, I have quite a bit invested in U companies, just curious as to what other people think of this situation.
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If Labor changes it's policy and the major explorers all come on line at the same time I am sure it will effect the supply demand equation and spot price accordingly, and therefore future company profits. Get in early before this happens! :) And get out when it starts falling over. You've got 5 years probably. Then, it might depend on what other types of energy sources are being developed to replace nuclear. Cold fusion perhaps?
 
greggy said:
Hi Kennas,
Go the uranium price (and go VMS).
As always, do your own research before buy/selling.
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Greggy, I'm finding it hard to get excited about VMS's assets and their potential. I've had a good look through their web site and their tennaments, and while in generally good locations, they have not really produced anything of high value yet.

The rock chip samples at Paulsens Sth sound ok, but they're just rock chip samples. It's very early days.

I am also very wary of companys claiming to have a potential 'Olympic Dam' type mineralisation, when they haven't even done any drilling at Churchhill Dam in the Gawler Graton. This is just blatant ramping by the company. All they've done is a gravity survey here, and they have no heritage clearances to even start drilling yet. This was supposed to start in late Oct early Nov. It's mid Nov now.

Lake Maitland is a very prospective area, but the deposits that are confirmed there already aren't really that grand compared to others like Mt Gee (MTN) or Valhalla (SMM/VUL). All they have here is a tennament that runs adjacents to Redports....No U discovery yet.

So, I'm not too sure what all the fuss is about yet. It just seems like another new U float getting on the U phoric bandwagon.

Do you have anymore info on this than I do. You seem very confident in it?

All the best with it mate. I hope they actually find some uranium out there.
 
kennas said:
Greggy, I'm finding it hard to get excited about VMS's assets and their potential. I've had a good look through their web site and their tennaments, and while in generally good locations, they have not really produced anything of high value yet.

The rock chip samples at Paulsens Sth sound ok, but they're just rock chip samples. It's very early days.

I am also very wary of companys claiming to have a potential 'Olympic Dam' type mineralisation, when they haven't even done any drilling at Churchhill Dam in the Gawler Graton. This is just blatant ramping by the company. All they've done is a gravity survey here, and they have no heritage clearances to even start drilling yet. This was supposed to start in late Oct early Nov. It's mid Nov now.

Lake Maitland is a very prospective area, but the deposits that are confirmed there already aren't really that grand compared to others like Mt Gee (MTN) or Valhalla (SMM/VUL). All they have here is a tennament that runs adjacents to Redports....No U discovery yet.

So, I'm not too sure what all the fuss is about yet. It just seems like another new U float getting on the U phoric bandwagon.

Do you have anymore info on this than I do. You seem very confident in it?

All the best with it mate. I hope they actually find some uranium out there.
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Hi Kennas,

Thanks for your thoughts on VMS. You always put a good degree of effort into it. Even if you disagree with stock selection, you still wish people well (I endeavour to do the same), unlike some others.
One has to remember that this stock has only just listed during the past few months. I just feel that with four prospects in promising areas (Churchill Dam in SA, Maitland in WA, Paulsens South in WA and Renison West in Tas) and $4.96 million cash that this company has a lot of potential. I also notice that Credit Suisse has recently bought over 5% of the company's shares. For more info take a look at the VMS board.
I would also like to disclose that I own shares in VMS which I paid around 24c for. Time will only tell how it all turns out.
As always, do your own research before buy/selling.
 
Morgan said:
Deftear,

This week's "Bulletin" discusses most of the questions that you have mentioned. :)
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It was an interesting read and will lead to greater interest in uranium stocks. I've had over 27 years investing/ speculating experience and this uranium boom could well end up being the biggest resources boom of them all..just my thoughts and don't bet more than you can afford to lose. I still know one neighbour who bought Poseidon at $200 and held on till the final end. Ouch! l'm stll an optimist though.
As always, do your own research before buying/selling.
 
greggy said:
Hi Kennas,

Thanks for your thoughts on VMS. You always put a good degree of effort into it. Even if you disagree with stock selection, you still wish people well (I endeavour to do the same), unlike some others.
One has to remember that this stock has only just listed during the past few months. I just feel that with four prospects in promising areas (Churchill Dam in SA, Maitland in WA, Paulsens South in WA and Renison West in Tas) and $4.96 million cash that this company has a lot of potential. I also notice that Credit Suisse has recently bought over 5% of the company's shares. For more info take a look at the VMS board.
I would also like to disclose that I own shares in VMS which I paid around 24c for. Time will only tell how it all turns out.
As always, do your own research before buy/selling.
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I do agree that the tennaments are in highly prospective areas with very good potential. It's definately worth a punt somewhere along the line IMO, if you have the spare cash and believe that WA is going to have to change their U mining laws in line with Fed Labor. VMS go into quite a bit of detail about the potential of U mining being prevented by the WA gov which is nice to see. Most companys hardly mention it. With all the options of places to put money in potential U players it's difficult to make a decision if you've limited funds. There are a few others around who have the JORC resources and close to logistics hubs and other mines that will be far closer to mining once the green light is given. I reckon AGS will probably be the first to mine due to their close proximity to Beverley and the JV with Quasar (owned by Heathgate operators of Beverley) They won't have to build any plant probably, just truck the ore 8km over a hill to Beverley's existing mill.....Anyway, I agree this has potential, just where it ranks amongst all the others out there is difficult to pin point.

Will be interesting to see how VMSs sp shakes out next week. Hopefully up, with all other U stocks!

(I hold AGS)
 

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