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Uranium, a Raging Bull

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Tough day for Aussie uranium stock holders. It is part of the game. Up and down, buy and sell, joy and sadness...

Since I have not bought a single uranium stock today, I decide to buy something related to uranium. I cannot find anything in the shop, So I bought a domain name: AU3O8.com. I hope it will worth more money soon.

I like the name,AU stand for Australia, also element of Gold.

AU3O8.com equal to Australian Gold and Uranium

Anyone want to be my agent to sell it? How about 50% commission? :cautious:
 
Reading the Toro Company overview released today they comment that they want to develop a producing mine and that the fastest method will probably be via acquisition (page 37). The $64 question is acquire who? Any thoughts?
 
Just doing my morning reading - http://www.kitco.com/ind/Kirtley/feb072007.html

"Uranium: A Question of Time By Bob Kirtley February 7, 2007 www.uranium-stocks.net/ "The British government recently announced its interest in the need for more nuclear power plants, so where will they get their Uranium?

I recently had the honour of attending the BBC’s television show called Question Time, held in Canterbury, England. The panel was made up of politicians including Ken Clark, Simon Hughes, Harriett Harman, author Frederick Forsyth and another lady who is a member of the House of Lords whose name escapes me. Of the many topics that the programme tried to cover, the nuclear energy topic was the least understood, in my opinion. Simon Hughes a Liberal Democrat wanted to have a long, free and frank discussion about nuclear energy and Ken Clark a Conservative wanted to avoid another oil crises similar to that of the seventies. Time apparently is not a problem. No one mentioned the following relevant factors:

1. We are using uranium at twice the speed we are producing it. The short fall is currently being filled by the dismantling of old nuclear warheads that will dry up shortly.

2. The demand for energy from China, India and Asia is rocketing along with their fast paced modernisation programmes for 3 billion people

3. Oil is in short supply and the oil that is available is vulnerable to a possible war or crisis in the Middle East.

4. Coal is dirty, although there are various coal to oil gasification possibilities none currently being used have been proven to work effectively.

5. Wind farms: how many, where and when? Wind simply does not have the power to compete with nuclear energy. Also even if all the suitable areas for wind farms in the United Kingdom were used, it would still only produce 10% of Britain’s power demands.

6. The price of Uranium has risen from $6.40 a pound to $75 a pound as we write. Why? Could it be that old economic factor DEMAND?

In Queensland Australia where I once lived and worked it is against the law to mine the old yellow cake at the moment. This has not stopped the Chinese doing massive deals to lock in the potential supply if and when the law should change and it will. Has anyone noticed that China has stopped the exportation of a number of metals for example tungsten? If you were in charge of China would you state the true number of nuclear plants that you are going to build and risk causing a stampede to buy uranium? No, you would first secure your supply of uranium far out into the future and then you would quietly tell the world. This isn’t difficult is it? They should be applauded for their vision in these matters.

So, where does all this leave us? Well dear readers we are on the verge of some major consolidation in this market. Each nation, as it awakens to this new crises will flex its own financial and political muscle, as we have never seen before. We believe that we are looking at a uranium price of $200.0 plus in the near future. This will drive the price of uranium stocks through the roof and into uncharted territory. (ME: wtf!, sorry t see bmn, go yesterday but still got my pdn and smm) If you thought that DOT COM was a boom get into position and hang on for fortunes will be made, possibly exceeding those to made in gold and silver.

On this site (http://www.uranium-stocks.net/) we share with you our thoughts, analysis, anxieties, our purchases and sales. We will also record our progress so that you are fully aware of which uranium stocks we investing in and why. Do your own due diligence before you put your hard earned cash on the table.

Finally, please feel free to put your comments on our website as this will add balance to the Mother of all Debates, the Coming Uranium Bull Market, ready or not!


03 February 2007
 
I bet ERA might be back or Dines Letter recommendation list. Maybe he will add BHP as well... let's see tomorrow.
 
http://www.robtv.com/servlet/HTMLTemplate/!robVideo/robtv0726.20070208.00047000-00047766-clip1/h/220asf///

The above link is from a canadian business Q&A TV program.
Start playing from just before 7 minutes.
This guy says Uranium is now at $80 lb and its dated yesterday.
Can't seem to verify it anywhere again :confused:
 
spooly74 said:
http://www.robtv.com/servlet/HTMLTemplate/!robVideo/robtv0726.20070208.00047000-00047766-clip1/h/220asf///

The above link is from a canadian business Q&A TV program.
Start playing from just before 7 minutes.
This guy says Uranium is now at $80 lb and its dated yesterday.
Can't seem to verify it anywhere again :confused:
Click to expand...

Yes, I heard it too. I was wondering which day it is today or yesterday. But I am not kind of like that Sprott guy. He seems too sure about everything. But his stock picking skill it not that impressive.
 
So many very interesting views on this thread about Uranium. Should have a 4* or 5* rating!
We should see big opportunities to make money in the whole uranium sector. Individual small stocks are extremely risky, so, how many would it seem reasonable to buy?
 
noirua said:
So many very interesting views on this thread about Uranium. Should have a 4* or 5* rating!
We should see big opportunities to make money in the whole uranium sector. Individual small stocks are extremely risky, so, how many would it seem reasonable to buy?
Click to expand...

A quicky :D
 

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noirua said:
So many very interesting views on this thread about Uranium. Should have a 4* or 5* rating!
We should see big opportunities to make money in the whole uranium sector. Individual small stocks are extremely risky, so, how many would it seem reasonable to buy?
Click to expand...


This is an excerpt from someone that has experience and is also pumping the run too........


If, however, you are looking at getting (much) more bang for your uranium buck, then you’ll want to look to get positioned in a portfolio of carefully selected junior uranium stocks.

The secret to finding winning uranium stocks? Start by aligning yourself with high-quality management teams with proven uranium expertise. A surprising number of companies now claiming uranium expertise have little to no on-staff experience with this specialized metal. While it is hard to find one that has not already had extreme appreciation, look for “early mover” companies -- those which were actively acquiring projects before uranium became the flavor-of-the-day. They are most likely to be sitting on the most prospective concessions, in the best geological and political settings.

Finally, look for companies that are actually doing the hard work necessary to prove-up their resources, because verified pounds in the ground will be, for most of these companies, the trigger that gets them taken over – at much higher prices -- by a larger company with the specific skill sets to move the project into production.
 
get ern bmn

only hopes of real production in africa

forget australia

if you can produce the thing you will be worth more!!!
 
Wysiwyg said:
A surprising number of companies now claiming uranium expertise have little to no on-staff experience with this specialized metal.
Click to expand...
By your standard, you should try TOE. The have 6 geologists, find almost nothing...
 
:D In todays Herald Sun was an arcticle stating that Australia is closing a Uranium deal with India... This can only do wonders :D
 
Australia Yet to Get New Uranium Mine Applications (Update3)

By Tan Hwee Ann and Xiao Yu

Feb. 13 (Bloomberg) -- Australia's government, seeking to woo investment in its uranium resources as China increases demand, is yet to get any applications to mine the fuel in the Northern Territory 18 months after taking control of approvals.

The government is ``hopeful'' rising exploration in the territory, which has deposits worth more than A$12 billion ($9 billion), will lead to new mines, said Resources Minister Ian Macfarlane yesterday in Perth. Energy Resources of Australia Ltd., which owns the only uranium mine in the Territory, halted its Jabiluka project because of objections by indigenous groups.

The Liberal-National coalition federal government is trying to get state governments, all controlled by the opposition Labor Party, to drop a ban on new uranium mines. The 23-year-old ban has restricted Australia, with 40 percent of the world's uranium reserves, to supplying just 23 percent of global demand.

``Mine start-ups are big decisions for companies, they're not taken lightly and often these decision processes take a long time,'' said Kent Grey, Adelaide-based head of the uranium focus group at lawyers Minter Ellison.

Prices for uranium, used to power plants that supply 16 percent of the world's electricity, have more than doubled in the past year.

Australia and China ratified a nuclear transfer agreement last month, paving the way for uranium exports worth some A$250 million from early this year. Sinosteel Corp., China's second- biggest iron ore trader, is among companies that have applied to explore for uranium in the Northern Territory, Cui Xiaofei, managing director of Sinosteel's Australian unit, said in an interview in Perth today.

Shares in Energy Resources, a unit of the Rio Tinto Group, rose A$1.65, or 7.7 percent, to A$24.42, at the 4:10 p.m. close of the Australian Stock Exchange.

Direct Control

``I haven't had one (application) put before me, but I'm hopeful there will be one based on the increased minerals exploration,'' Macfarlane said. ``There's great potential, but it has to comply with environmental standards and have indigenous owners consultation.''

The federal government took over approval for uranium mining from the Northern Territory in 2005. It's the only region over which it has control of the approval process. Companies exploring for uranium in the Northern Territory include Compass Resources NL and Northern Uranium Ltd.

``These companies are still in the exploration phase,'' Minter Ellison's Grey said. Uranium projects in South Australia and Queensland are best placed to benefit from any relaxation in mining bans by the states, ABN Amro Holding NV said in December.

Labor Opposition

SXR Uranium One Inc., which agreed to buy UrAsia Energy Ltd. for $3.1 billion yesterday to create the world's second- largest uranium producer behind Cameco Corp., was in September awarded a license by the South Australian government's environmental agency to commercially mine the Honeymoon deposit.

South Australia's Premier Mike Rann supports the expansion of uranium mining, opposed by his party. Labor is due to hold a conference in April, where a position on uranium will be decided.

Mining of the metal takes place in three places in Australia: BHP Billiton Ltd.'s Olympic Dam mine in South Australia; Energy Resources's Ranger mine in the Northern Territory; and Heathgate Resources' Beverley mine in South Australia. Heathgate is owned by San Diego-based General Atomics.

Western Australia, where Premier Alan Carpenter, wants to keep the ban on mining, has uranium reserves worth A$40 billion, Macfarlane said today.

Sinosteel Venture

Almost 80 mineral exploration license applications were lodged for 18 exploration areas released in the Northern Territory in December. ``A number of applications'' were from Chinese companies, Northern Territory Mines Minister Chris Natt said last month.

Sinosteel has also signed a joint venture agreement with PepinNini Minerals Ltd, in which Sinosteel plans to take 60 percent stake for A$30.5 million, Cui said. Should the project go ahead, it will be the first uranium project in Australia with Chinese investment.

Australia may produce as much as 60 million metric tons of liquefied natural gas per year within 10 to 15 years, said Macfarlane, who was in Perth to attend the Asia-Pacific Economic Cooperation's third meeting of mining ministers.

LNG Expansion

ConocoPhillips, which a year ago started up production at an LNG plant in Darwin, Northern Territory, said last year it's planning an expansion of the plant, while Woodside Petroleum Ltd., Chevron Corp. and BHP are among companies studying new LNG projects in Western Australia.

Last March, Macfarlane said the government plans to work with the nation's oil and gas industry to almost quadruple liquefied natural gas exports to more than 50 million tons a year within a decade.

``We would like to do it in 10 years, but you have to build the LNG plants, and before you do that, you need environmental,'' and other approvals, he said.

Competition with miners expanding iron ore, coal and metals output for labor and equipment may also slow any expansion plans, said Macfarlane.

The minister said today Australia will spend A$59 million over five years to help improve geological mapping of under explored areas of the country.

To contact the reporter on this story: Tan Hwee Ann in Perth at hatan@bloomberg.net ; Xiao Yu in Perth at yxiao@bloomberg.net
Last Updated: February 13, 2007 02:30 EST

http://www.bloomberg.com/apps/news?pid=20601087&sid=a3qk.MHzb9WA&refer=home
 
It looks to me that the Canadians have the drop on Aust.One mob is on their way to prove up 100 million pounds of the stuff. Aurora Energy Resources.By the time Australia gets around to it the desire will be gone.Cigar lake and co. will kick in, the hole will be filled and the Aussies will go...duh... better late than never.

From a political perspective though,these things need to be thought over and thought over and thought over for a few years and then a few more years to get the mining leases and then a few more years to get into production .

Then the price should be on a decline (demand covered from elsewhere) just as our Aussie companies get going.Blahhhhhhh :cool: Maybe next peak Aussie will be ready.PDN ..Foresight perfect.
 
Dont bet your house on the ALP making dramatic amendments to its
U mining policy, History has proved that the ALP is driven more by
ideology then the capitalist system, similar though patterns to
marxists in soviet russia.
 
Sanhedrin said:
Dont bet your house on the ALP making dramatic amendments to its
U mining policy, History has proved that the ALP is driven more by
ideology then the capitalist system, similar though patterns to
marxists in soviet russia.
Click to expand...
With Mr Rudd in favour of uranium mining, the chance are that the ALP will change their policy in Apr 07. My only worry though is whether Alan Carpenter will allow uranium mining in WA. After speaking recently to a couple of directors in WA based uranium companies there is a strong feeling that Alan will change his mind.
 

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