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Uranium, a Raging Bull

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Halba said:
nel's u tenements don't have any u ...it doesn't have any big radiometrics or anything lets see, paying $200m for nel is overvalued imho. ERN has 4 u tenements in nambia and its $35m. NEL's WA deposit will never be mined IMHO so its useless

not every tenement will have a commercial u deposit! u gotta be careful.


Forget aussies man just coz aus labour federal say its okay doesn't mean the states will approve..not to mention it has to go through the same rigorous approval/delays
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I'm not too fancy on NEL either. I dont hold. Just wanted to point out they were in WA and WA is a no no for uranium plays. WA does not like change.

I like ERN because im holding :) They have bounced off a low of 50 cents recently and are pretty steady atm and are building a nice base around the 60 cent level.

The new spot price definately must have been factored in..not much happening atm.
 
Well thats pretty stupid to say I like ERN because I'm holding. :)

If you want to know why I like ERN just read the ERN thread. Definately more of a spec play. Uranium plays to take advantage of the rising spot price would be PDN. I dont know any others. Doesn't ERA have all their long term uranium contracts locked in at lower prices?
 
Seems some "Heavyweight" (? :mad: ) is trying to mess the U market with bot selling. Lots and lots of tiny parcels going through today in PDN, SMM and ERA, maybe others. Eg PDN 4 shares (14:18:47 10.4500 4 41.80), 5 shares (14:36:07 10.4400 5 52.20), ERA 8 shares (14:33:13 25.6500 8 205.20), 2 shares (at 14:01:42 25.5000 2 51.00). Seems relentless small parcels from about 11am today, every 5-10 minutes, and maybe even late yesterday afternoon. Somebody please confirm? I'm holding PDN, SMM and BMN
 
insider said:
Well today hardly reflects a 10 dollar rise in the price of U. Should be good tomorrow :cool:
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Indeed I am very surprised that the like of PDN and ERA did not jump further base on the U spot increase. :confused:
 
Fab said:
indeed i am very surprised that the like of PDN and ERA did not jump further base on the U spot increase :confused:
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Yes, seems very strange.. I wonder if news about Cigar Lake is leaking already...
Cameco had previously planned to provide preliminary capital cost estimates and timelines for the remediation in February 2007. However, the information will now be available in late March 2007
 
Fab said:
Indeed I am very surprised that the like of PDN and ERA did not jump further base on the U spot increase. :confused:
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what price are punters predicting for U this year, and therefore what is being factored into these company's valuations?

even conservative old ABN has factored in a US$95/lb price for its PDN valuation. a consensus of a number of brokers from early this year (https://www.aussiestockforums.com/forums/showthread.php?p=113928#post113928) was 89, 91, 90 for 2007 and next two years

so why would a leap to 85 rate an increase....

however if we see another rise soon (coupled with a dire cigar lake outlook in march) then brokers and punters may need to revise their outlook for 2007

this is all incremental stuff tho... after reading some articles on predictions of supply/demand, how the U authorities in making these predicitions haven't really factored in stockpiling, hedge buying, or even strategic buying from Russia (already started apparently) and the US (and how they have optimistically factored in production rates when U mines traditionally disappoint against production targets), and of course listening to Dines (chk the link exgeo gave above) you get the feeling there is going to be a major jump at some point.

remember - all this is speculation about how far up.... is there anyone in the world saying U is going down in the short to medium term? what other commodity has that sort of outlook / and from dines - what other commodity hasn't had a fall in the last 3 years

jeez, wish i was on this buggy 3 years ago!
 
56gsa bit late for comments like that? what action can we implement to take advantage of that- most stocks looks gone
 
Halba said:
according to dines: WA labor party won't change policy even if Fed labor change policy
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The W.A Labour party is in a severe corrective B wave (otherwise known as a Burke wave) at the moment, at the rate they are sacking Ministers there soon won't be enough for a front bench.
 
Kauri said:
The W.A Labour party is in a severe corrective B wave (otherwise known as a Burke wave) at the moment, at the rate they are sacking Ministers there soon won't be enough for a front bench.
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:D Gold Kauri, Gold. LMFHO. :)
 
Kauri said:
The W.A Labour party is in a severe corrective B wave (otherwise known as a Burke wave) at the moment, at the rate they are sacking Ministers there soon won't be enough for a front bench.
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The WA Labour Government is looking very shaky indeed. Despite its signifcant majority, if things get any worse then maybe they will get tossed out at the next state election.
 
Halba said:
56gsa bit late for comments like that? what action can we implement to take advantage of that- most stocks looks gone
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if the market falls we probably will see a drop in U stocks. wot i will be looking for then is Aust companies that are going to be the ones buying others or ones that have international partners to advance things, non-Aust deposits in terms of the next producers, and some of the ones that may have slipped under the radar (eg EQN which is copper focused atm but has 20m lbs of U that is not factored into their price)

atm i hold
PDN, SMM, PNN, EQN, SRK, TAS, CTS

wot i'm looking at

BMN, CMR, .. and some of those others that came out of the list above like ERN which you seem to like. I thought NEL has potential with some OS deposits and Lake Way being a good deposit that was almost mined in the 70s (altho agree WA is big question but Libs will be in there soon) and with OXR now owning but you're not so keen?
 
exgeo said:
An interview with James Dines of the Dines Letter (US based tip-sheet). He discusses the reasons for the boom in price, why he thinks it is not a bubble and why a Uranium price correction is unlikely. Downloading to your PC and listening via media player is probably better than listening via the website (no easy way to fast-forward on the website. Free registration required). Go to this section: http://www.minesite.com/webcasts/commodity_watch_radio.html#c412

The Dines letter:
http://www.dinesletter.com/
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the second part of the dines interview is now on the website - along with the interview with Eggers from Summit
 
56gsa said:
the second part of the dines interview is now on the website - along with the interview with Eggers from Summit
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I think that was already there before as i heard them both a few days ago. It goes for ages so you just have to be patient and sit and listen. Pretty sure that there would be nothing new to add from the last time i checked which was 4 days ago when exgeo informed us. It is very informative though, great info. Sounds promising for the industry.

Cheers!

Champ
:)
 
kromey said:
Opinions on the best value Uranium stock under $1 for 2007?
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Either DYL or UXA. DYL has very expirienced management/geo-scientists and have good tenements in here in Australia and also in Namibia thats just west and SW of Paladins U mine. They have strong ties with PDN and they now own just over 11% of DYL. UXA also looks promising although i don't hold any, I do hold DYL.
 

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