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Uranium, a Raging Bull

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Why fight against WA when we can join SA:

I quote from: www.miningNews.net:

"South Australian Mineral Resources Development Minister Paul Holloway told the Paydirt Uranium Conference in Adelaide that "the State Government is very confident that the no new mines policy will change, allowing South Australia's competitive advantage in the uranium sector to come to the fore".

"It's my opinion that South Australia will move fairly quickly to change our policy," he said, noting that any policy change won't affect existing operations and already strong support for the change from the state's premier and other ministers."

Who is who in SA:
MTN
PNN
AGS
CUY
SIM
TOE
UEQ
USA
DYL
NEL
MOX
CUX
ERO
SOUTHERN URANIUM
.....
 
happytown said:
praps if it was a multi-billion dollar annual export industry they would
Click to expand...

well, it would if they allow all the 400+ U juniors to forge ahead...with only PDN,ERA,BHP producing at the moment, can't getthere..

classic egg and chicken problem...
 
mmmmining said:
Why fight against WA when we can join SA:

I quote from: www.miningNews.net:

"South Australian Mineral Resources Development Minister Paul Holloway told the Paydirt Uranium Conference in Adelaide that "the State Government is very confident that the no new mines policy will change, allowing South Australia's competitive advantage in the uranium sector to come to the fore".

"It's my opinion that South Australia will move fairly quickly to change our policy," he said, noting that any policy change won't affect existing operations and already strong support for the change from the state's premier and other ministers."

Who is who in SA:
MTN
PNN
AGS
CUY
SIM
TOE
UEQ
USA
DYL
NEL
MOX
CUX
ERO
SOUTHERN URANIUM
.....
Click to expand...

UXA are in there... but let's just say that this company is more like a chocolate easter egg with nothing inside... I put them in my personal 'pretenders list'
 
Wow what a PR machine!

"I urge investors to be careful when making investment decisions about which state they are investing in. I do urge investors to remember they will be welcome here in South Australia."

Now if only a few of these miners had a director like this on board!
 
Southern Gold is an interesting one, i traded it early last year, havent been in since.
They got the best land, good management, and it soo easily couldve been them instead of HMR!
Heaps of rumours about Canadians, Chinese, nothing ended up happening.

But this float looks good, can sum1 please refresh me on its:
(1)#shares on issue & Market cap at offer price
(2)will SAU retain any of it after its floated and if so how many %

Many thanks
(yeh i know, i should really be looking this up myself)
 
I got ya covered Niz!

Souther Uranium
Total shares: 115m
SAU: 45m
Citic: 20m
IPO: 50m

Cash on list $14m

I should probably create a thread
 
mmmmining said:
Well said.

Here is a early edition about uranium in SA:

http://www.news.com.au/adelaidenow/story/0,22606,21427714-913,00.html

About 60 companies are doing uranium in SA, according to the report. I add WPG and ADN on the list
Click to expand...
I like the bit in the article about the HUGE number of protestors, 10 to be exact. The SA Labor Govt's approach is very business friendly. Expansion of the uranium industry will create many extra jobs and provide greater export income.
 
buy shares in pawnshops,

"Shock, awe: Store owner finds yellowcake uranium

By Stephen Hudak

March 10, 2007

Every blue moon or so, collectibles dealer and pawnshop owner Frank Cafaro stumbles upon a buried gem amid an estate's junk and tchotchkes.

But his latest find was so alarming he called the Fire Department.

"We were in the warehouse and we pulled out this box of rocks from an estate sale," Cafaro said.

"Everything was individually labeled. Amethyst. Topaz. Uranium. The guy I'm working with says, 'What's that last one? Uranium? I think that's illegal.' "

Within an hour, the Gold Mine Pawn was swarming Thursday with nearly three dozen emergency workers, including Geiger-counter-waving members of a hazardous materials team and the Marion County Sheriff's Office Domestic Security Task Force.

They focused their attention on a lead container the size of a soup can.

"It was kind of scary when I heard how terrible this stuff was," Cafaro said.

"This was an odd one."

The mineral, which Cafaro traced to an estate sale in Miami about 10 years ago, was turned over to the Florida Department of Health's Bureau of Radiation Control for disposal, said Susan Livoti, spokeswoman for the Sheriff's Office.

FDLE spokeswoman Sharon Gogerty said small amounts of yellowcake are reported to the agency "on a regular basis" and are not considered especially dangerous.

"A lot of times, it seems to turn up in scrap yards," she said.

Cafaro, 40, said he paid the Miami estate about $10,000 for a collection of natural crystals in which the uranium vial was found.

The collection filled 50 pickup truckloads, he said. Cafaro planned to resell the crystals online.

"There's boxes in my warehouse from this particular sale that still haven't been opened," he said.

"But to think I hadn't even given it a second thought. For all I know, I might have listed it on eBay.""

cheers :)
 
According to todays Weekend Australian, Mr Carpenter, the WA Premier, stated yesterday once again that uranium is best left in the ground irrespective of any changes made at the upcoming conference. Mr Carpenter's attitude is amazing in that he chooses not to lead from the front, yet let the other Labor states do all the running on the uranium front. I'm getting to the point where I'm just going to keep away from all WA uranium explorers until there clear signs that his inept govt is on the way front. Yet this is a real pity as there are plenty of good uranium prospects in that state.
 
good for non-WA stocks IMHO as by not opening up WA's large uranium deposits, this keeps the u price higher, stronger for longer :p:

I hold MTN, AGS, SMM all in non WA states.

I expect strong share price action in all three companies considering these are the ones that have the biggest resources.

SMM is due to release their resource statement re: Andersons on tuesday.
 
happytown said:
buy shares in pawnshops,

"Shock, awe: Store owner finds yellowcake uranium

By Stephen Hudak

March 10, 2007

Every blue moon or so, collectibles dealer and pawnshop owner Frank Cafaro stumbles upon a buried gem amid an estate's junk and tchotchkes.

But his latest find was so alarming he called the Fire Department.

"We were in the warehouse and we pulled out this box of rocks from an estate sale," Cafaro said.

"Everything was individually labeled. Amethyst. Topaz. Uranium. The guy I'm working with says, 'What's that last one? Uranium? I think that's illegal.' "

Within an hour, the Gold Mine Pawn was swarming Thursday with nearly three dozen emergency workers, including Geiger-counter-waving members of a hazardous materials team and the Marion County Sheriff's Office Domestic Security Task Force.

They focused their attention on a lead container the size of a soup can.

"It was kind of scary when I heard how terrible this stuff was," Cafaro said.

"This was an odd one."

The mineral, which Cafaro traced to an estate sale in Miami about 10 years ago, was turned over to the Florida Department of Health's Bureau of Radiation Control for disposal, said Susan Livoti, spokeswoman for the Sheriff's Office.

FDLE spokeswoman Sharon Gogerty said small amounts of yellowcake are reported to the agency "on a regular basis" and are not considered especially dangerous.

"A lot of times, it seems to turn up in scrap yards," she said.

Cafaro, 40, said he paid the Miami estate about $10,000 for a collection of natural crystals in which the uranium vial was found.

The collection filled 50 pickup truckloads, he said. Cafaro planned to resell the crystals online.

"There's boxes in my warehouse from this particular sale that still haven't been opened," he said.

"But to think I hadn't even given it a second thought. For all I know, I might have listed it on eBay.""

cheers :)
Click to expand...

United States!!! It doesn't surprise me... they should have told him that in his country depleted uranium is used in military equipment AND IN CONCRETE REINFORCMENT for building... that's right... they trade it like it's a precious commodity... That's dangerous
 
Halba said:
good for non-WA stocks IMHO as by not opening up WA's large uranium deposits, this keeps the u price higher, stronger for longer :p:

I hold MTN, AGS, SMM all in non WA states.

I expect strong share price action in all three companies considering these are the ones that have the biggest resources.

SMM is due to release their resource statement re: Andersons on tuesday.
Click to expand...
You're probably very happy then with Mr Carpenter's stand. You're 100% right in saying that his stand will have the non-intentional effect of helping to keep the uranium price higher.
 
Halba said:
good for non-WA stocks IMHO as by not opening up WA's large uranium deposits, this keeps the u price higher, stronger for longer :p:
Click to expand...

Those WA deposits are far from production.
Even if Carpenter changed his stance, it would be several years before new supply is brought on market from these mines.

Other factors for example, what happened to Cameco, are far more significant in regards to uranium spot price.
 
True but it makes SA Deposits seem "tight as hens teeth" and fund managers will drive up the price of SA deposits.

A case of too much money chasing too few assets.

Funds won't have the greenlight to go into WA stocks but only SA,NT and QLD stocks! :)
 
Halba said:
good for non-WA stocks IMHO as by not opening up WA's large uranium deposits, this keeps the u price higher, stronger for longer :p:

I hold MTN, AGS, SMM all in non WA states.

I expect strong share price action in all three companies considering these are the ones that have the biggest resources.

SMM is due to release their resource statement re: Andersons on tuesday.
Click to expand...

Halba, you have got that right. WA has too many staff in the plate, No1 in gold, iron ore, nickel, cobalt, natural gas.... They don't need to open another can of worm for political risk. So does my investment. Say no uranium to WA.

SA might be the only State with open-arm for anyone to explore and mine anything. To the extend SA government pay you to drill sometimes. I cannot say SA government is smarter than other states. But long-term recession might proven painful. They become very eager to change.

Don't forget NT. A land of Crics eat people. They have a lot of uranium.

In my early post, I predict Peter will change his stand because he is a very bright person, and politically skillful. I feel free when I traveled in QLD (I mean I can drive 120km/hr constantly without a speed ticket. Maybe by luck)
 
nizar said:
Those WA deposits are far from production.
Even if Carpenter changed his stance, it would be several years before new supply is brought on market from these mines.

Other factors for example, what happened to Cameco, are far more significant in regards to uranium spot price.
Click to expand...

Rio's Kintyre deposit in the Rudall River would I think be amongst the most advanced projects in Australia.. it has been drilled and resources categorised, pits identified, has had a pilot treatment plant built on site, processed bulk sample ore and had the ore put through metallurgical testing to identify the best treatment method. Most other uranium setups in the rest of Australia are still at the rock-kicking/spectrometer stage, some are actually starting basic drill programmes, very few have reached defining a Jorc compliant and feasibility stage...
 
Doubt kintyre will see the light for a lllong time.

Any project in WA faces delays...theres just too much happenning in that state and everything will get pushed back.

QLD is the better bet- fulll of major mining houses like Zinifex, BHP Cannington, MIM/Xstrata, All the major coal mines/deposits. Mining culture and infrastructure is best in QLD. SMM is the best fit and Market has reacted accordingly. Their resource estimates due this week keep an eye out. :cool:

Bureacracy/red tape in approvals will hurt SA, they have a poor reputation in this area IMHO.
 

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