Australian (ASX) Stock Market Forum

Uranium, a Raging Bull

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spooly74 said:
The U price could compete with oil to see who can get back to $35 first in a worldwide recession. :kiffer:
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Just a thought, uranium has fixed long term users, you dont turn of your power station when U gets more expensive. With oil, people use less,simple.
Also in a recession you may not have a job,car,overseas holidays, etc
But you dont turn off your lights. Kind of recession proof !
 
sirloin said:
Just a thought, uranium has fixed long term users, you dont turn of your power station when U gets more expensive. With oil, people use less,simple.
Also in a recession you may not have a job,car,overseas holidays, etc
But you dont turn off your lights. Kind of recession proof !
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agree
have a look at the previous post to the one you quoted me from :D
cheers
 
No mention has been made in the media that CUDECO, on it's Rocklands lease 1 kilometre north of its Las Minerale copper cobalt gold find, has the Wilgar Uranium Anomaly reported on by CRA in 1975 as having ore grading 39% uranium.No tonnages are available.
Cudeco has recently advised of it's intention to drill 4 holes between 500 and 1000 metres deep close to this anomaly in a 300 metre wide low magnetic breccia to determine the relationship between the Wilgar Uranium Anomaly and the extension of Las Minerale.
I have a large shareholding in Cudeco.
 
sirloin said:
Just a thought, uranium has fixed long term users, you dont turn of your power station when U gets more expensive. With oil, people use less,simple.
Also in a recession you may not have a job,car,overseas holidays, etc
But you dont turn off your lights. Kind of recession proof !
Click to expand...

Not sure I was talking about the relationship between (a high) U price and turning off power stations, though it is a good point. I agree that in a recession people will continue electricity consumption at pre recession levels. They won't have jobs but will continue to buy things with um.... anyhow that's irrelevant, who needs money these days.

Again, my timeframe is over 12 months away when the supply/demand figures will be converging somewhat, and combined with speculators/hedge funds/derivatives etc there could very well be a sharp correction in the U price.

Recession to detract from the demand side, more projects coming on line to add to the supply side. No new rules of economics being created here, typical bubble market and blind bulls.
 
I heard that Chinese Nuclear Corp is out again to check out a few uranium assets in Australia in a few weeks. Anyone heard anything? or which company they are interested in?
 
Uranium supply and demand converging? Everything I have read says the opposite. Demand is increasing slowly and supply is staying constant or falling (check out some of the presentations from NEL and others). This is due to:

1) No new exploration for years and years due to low prices (you could say the same about pretty much any other commodity you care to name)
2) Reprocessed uranium from decommissioned nuclear warheads no longer being available as fuel. Russia has already said it will not renew the contract it has with US utilities to sell their reprocessed uranium when it expires in 2013(?).
3) Demand increasing for the obvious reasons
4) Cigar Lake flooding, delaying its opening by at least a year (to 2009?). Cigar Lake was supposed to be supplying 8% of world demand from 2008.
 
Dr Doom said:
Not sure I was talking about the relationship between (a high) U price and turning off power stations, though it is a good point. I agree that in a recession people will continue electricity consumption at pre recession levels. They won't have jobs but will continue to buy things with um.... anyhow that's irrelevant, who needs money these days.

Again, my timeframe is over 12 months away when the supply/demand figures will be converging somewhat, and combined with speculators/hedge funds/derivatives etc there could very well be a sharp correction in the U price.

Recession to detract from the demand side, more projects coming on line to add to the supply side. No new rules of economics being created here, typical bubble market and blind bulls.
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No offence but i think that the name Dr DOOM! speaks for itself. I'd expect nothing but negativity and talk of doom and gloom from such a person that has obviously designed the concept of the name with the intent of constantly speaking of ??? you guessed it, Doom!.

:D
 
Dr Doom said:
So someone with an alternative opinion cannot upset the club! I get the message, see you next year. :rolleyes:
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IMO alternative opinion is here to stay no matter people like or not. But I appreciate if you can remove your signature.

We are talking about Aussie Stocks. I will enjoy much more with political statement free. This is Aussie Way.
 
Fab said:
When are new U spot price release? I understand it is once every week.
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The U spot price is very objective based on the trading, and trading related activities, and not necessarily the actual trading price. This is why the spot price published are different between TradeTech and UxC. They can off the hook by publishing the data at different day (Friday, and Monday).

If there is no such activities, The price will be the same as last week.

And very importantly, no one is willing to mark it down marginally unless significant shift of market condition. So you can see the steady and up trend, and no yo-yo.
 
mmmmining said:
The U spot price is very objective based on the trading, and trading related activities, and not necessarily the actual trading price. This is why the spot price published are different between TradeTech and UxC. They can off the hook by publishing the data at different day (Friday, and Monday).

If there is no such activities, The price will be the same as last week.

And very importantly, no one is willing to mark it down marginally unless significant shift of market condition. So you can see the steady and up trend, and no yo-yo.
Click to expand...
Will be interesting when we finally get a down price. I imagine U exp/prod will take a tumble, but I think it will be short lived. Perhaps a forward tactic might be to wait for this inevitability and take some more positions.....maybe...I'm waiting for another opp to buy in but they've all run so hard...
 
kennas said:
Will be interesting when we finally get a down price. I imagine U exp/prod will take a tumble, but I think it will be short lived. Perhaps a forward tactic might be to wait for this inevitability and take some more positions.....maybe...I'm waiting for another opp to buy in but they've all run so hard...
Click to expand...

all have run hard except for EXT :banghead:
 
Fab said:
When are new U spot price release? I understand it is once every week.
Click to expand...

It is released on fri afternoon evening (states time) or sat morn au time regardless of if it moves up in price or not. But that is only through a membership that you get to have first look at it from tradetech.com. I am no longer a subscriber so I have to wait until they publish on mon or tues to everyone else. I was hoping someone else on here is a subscriber and could offer some kind of hint...
 
What about that Russian TENEX uranium sells to the US-markets?

25% off all the demand?

That will lead into a total crash in the next month.

I tried to contact TENEX via email but it failed.

I dont know what to think about that since TENEX is very strong in uranium producing companies itself and holds large stock amounts.

A 25% rise in offered uranium?

I see a crash coming...
 
panem said:
What about that Russian TENEX uranium sells to the US-markets?..I see a crash coming...
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Panem, on the bright side, at least the Russians aren't sending the uranium across via airmail - as they threatened to do during the cold war ;)
PS can you post the source of that info maybe? thanks.
 
panem said:
What about that Russian TENEX uranium sells to the US-markets?

25% off all the demand?

That will lead into a total crash in the next month.

I tried to contact TENEX via email but it failed.

I dont know what to think about that since TENEX is very strong in uranium producing companies itself and holds large stock amounts.

A 25% rise in offered uranium?

I see a crash coming...
Click to expand...

Good article Panem but from the conclusion I don't see any need to panic - says late spring / labor day may be when we see a retracing...

"Conclusion
Between the invasion of Russian-enriched uranium, which may reach a settlement before Labor Day 2007, and the anxiety of speculators now hoarding physical uranium, which we believe has a limited upside potential, 2007 may be remembered as the year of wild uranium price swings. We nicknamed it the ‘Year of the Hiccup,’ because although the uranium price won’t collapse, it will not provide the near-triple-digit appreciation experienced over the past year.

The spectacular price rise convinced Rio Tinto to rescind its offer to sell its Sweetwater Mill and U.S. assets to SXR Uranium One. This confirmed Rio felt the uranium price rise was sustainable above production costs for its assets. (Again, the purpose of the uranium price rise was to encourage the development of new uranium mines – dusting off projects which had been mothballed during the twenty-year uranium drought.) With the current forward momentum, it is very possible the price of uranium will surpass the inflation-adjusted high before edging backward.

Despite the Russian invasion, do not believe the Russians will roll over and flood U.S. utilities with ‘sweet deals.’ Believing this is foolishness. Comparing how the Russian energy companies have played hardball with the former Soviet states, U.S. utilities may later wish they’d not lobbied as fiercely as they have. If you investigate more closely, the Russian companies tend to demand stock shares, as well as increased cash, in the deals they’ve cut with the state-owned energy companies of other countries. What is to stop the Russians from asking for shares in U.S. utility companies?

How does this impact the uranium mining exploration and development companies? For the rational investor and institutions it should have only a short-term negative influence. Professional speculators like to call such down cycles in the secular energy bull market ‘buying opportunities.’ For the smaller exploration companies, many will move onto the next ‘greener’ pasture as they are so fond of doing. The less-financed ones will jump sooner.

Those uranium companies with stronger property portfolios, who are also well-financed, will afford the bumps along this great uranium bull market. It won’t end in 2007 or 2008, or anytime soon. This year will just be a hiccup. But enough of one that many of the 400+ junior uranium companies may be considering a name change around this time a year from now."
 

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