Uranium, a Raging Bull

[Sean K]

I confirm $113/lb is correct.

Party time for U stocks on Tuesday. Can't imagine 113 was factored in. Maybe 100, but 113! :band It's my birthday on Tuesday too.

Still, I'm looking with interest on the day the price goes down. Might see a little correction then. Maybe. If it ever happens.

 

[kromey]

Party time for U stocks on Tuesday. Can't imagine 113 was factored in. Maybe 100, but 113! :band It's my birthday on Tuesday too.

Still, I'm looking with interest on the day the price goes down. Might see a little correction then. Maybe. If it ever happens.

Not sure when that would be likely Kennas no little corrections in the last 5 years. Demand is further outstripping supply more every year. Cheers

 

[Sean K]

Party time for U stocks on Tuesday. Can't imagine 113 was factored in. Maybe 100, but 113! :band It's my birthday on Tuesday too.

Still, I'm looking with interest on the day the price goes down. Might see a little correction then. Maybe. If it ever happens.

I should add, it doesn't mean that all U stocks will be invited to the party! Just the good ones perhaps.

 

[noirua]

Hi, I haven't checked information lately on the Canadian Uranium Miner that had a set-back at their mine due to flooding. When this mine eventually comes onstream won't we get a slide in the current uranium price?

 

[kromey]

Hi, I haven't checked information lately on the Canadian Uranium Miner that had a set-back at their mine due to flooding. When this mine eventually comes onstream won't we get a slide in the current uranium price?

Latest forecast is 2010 at the earliest.

 

[the barry]

Hi, I haven't checked information lately on the Canadian Uranium Miner that had a set-back at their mine due to flooding. When this mine eventually comes onstream won't we get a slide in the current uranium price?

They are having continual problems and don't excpect to be in production for years. Not a factor in the short term.

 

[YOUNG_TRADER]

Party time for U stocks on Tuesday. Can't imagine 113 was factored in. Maybe 100, but 113! :band It's my birthday on Tuesday too.

Still, I'm looking with interest on the day the price goes down. Might see a little correction then. Maybe. If it ever happens.

Here's an article I got sent to me, http://www.stockinterview.com/News/04072007/Uranium-Price-Over-Hundred.html

Happy Easter U Bulls!

and Happy Birthday Kennas!

 

[mmmmining]

Happy Birthday, Kennas, what a birthday present! I have to cancel mine I don't want you to think I am too stingy

While some ASFers are still not wake up yet, believe the wind blows, sunshines, tide waving are the solution to the global environment problem. I fell sorry for them. The best advice to these people is to live in a cave

Seriously, and seriously, if these people still can wake up tomorrow, or Tuesday morning, you still can make some serious money.

To these renewable mindset, remember what I said today, if you invest a selective bunch of uranium stocks on Tuesday, I bet my house on that you will make 3 times more return that the best renewable stock you can get.

The mother of all energy is nuclear energy, you like it or not, believe it or not, it is a FACT. Accept it, and enjoy it....

 

[kromey]

Happy Birthday, Kennas, what a birthday present! I have to cancel mine I don't want you to think I am too stingy

While some ASFers are still not wake up yet, believe the wind blows, sunshines, tide waving are the solution to the global environment problem. I fell sorry for them. The best advice to these people is to live in a cave

Seriously, and seriously, if these people still can wake up tomorrow, or Tuesday morning, you still can make some serious money.

To these renewable mindset, remember what I said today, if you invest a selective bunch of uranium stocks on Tuesday, I bet my house on that you will make 3 times more return that the best renewable stock you can get.

The mother of all energy is nuclear energy, you like it or not, believe it or not, it is a FACT. Accept it, and enjoy it....

Prediction WMT most % gain tuesday.

 

[rederob]

Party time for U stocks on Tuesday. Can't imagine 113 was factored in. Maybe 100, but 113! :band It's my birthday on Tuesday too.

Kennas
Then you are not keeping up with the game, are you!
The sealed bid auction was well known as a big trigger point, and this article came close to getting the forecast number right with some astute analysis - but still underpriced it:
http://www.kitco.com/ind/Kirtley/mar302007.html

Yellow cake for your birthday, kennas?

 

[Fab]

Kennas
Then you are not keeping up with the game, are you!
The sealed bid auction was well known as a big trigger point, and this article came close to getting the forecast number right with some astute analysis - but still underpriced it:
http://www.kitco.com/ind/Kirtley/mar302007.html

Yellow cake for your birthday, kennas?

Sounds like it could be a good time to buy some unhedged U stock. Anyone knows which U stock are unhedged ? I believe PDN is well placed and is partially unhedged

 

[the barry]

Sounds like it could be a good time to buy some unhedged U stock. Anyone knows which U stock are unhedged ? I believe PDN is well placed and is partially unhedged

Pdn is hedged 50/50. Definatly one to watch come tuesday.

 

[nizar]

I dont think hedged/unhedged really matters.
Obviously it does to company profits, but look at ERA share price the past year, and it sells its uranium at $us16.50/lb!

 

[Fab]

I dont think hedged/unhedged really matters.
Obviously it does to company profits, but look at ERA share price the past year, and it sells its uranium at $us16.50/lb!

My take on that is that the most unhedged you are at the moment if you are a producer like PDN then your profit will jump as you can sell at market rate so in my opinion being unhedged is a big advantage in the current market but you have to have something to sell

 

[mmmmining]

My take on that is that the most unhedged you are at the moment if you are a producer like PDN then your profit will jump as you can sell at market rate so in my opinion being unhedged is a big advantage in the current market but you have to have something to sell

On ASX, only two pure producers, ERA and PDN. The rest is still on drawing board. Whoever can produce sooner will be the amount the winers.

 

[zed327]

MTN - AGS - PNN will produce in the next few years and will secure contracts prices of potentially $200 + per pound.
All of them in South Australia and will get state and federal backing to go ahead.
Australia is politicly safe and the big end of town will support these.
PDN is PDN and will continue to grow at a staggering rate because of a brillant CEO.
PDN will move on one of these (MTN - AGS -PNN ) when it is confirmed that Beattie will not mine u to keep the coal producers happy ( coal miners usually vote labour so you don't mess with your supporters ).

 

[rederob]

MTN - AGS - PNN will produce in the next few years and will secure contracts prices of potentially $200 + per pound.
All of them in South Australia and will get state and federal backing to go ahead.
Australia is politicly safe and the big end of town will support these.
PDN is PDN and will continue to grow at a staggering rate because of a brillant CEO.
PDN will move on one of these (MTN - AGS -PNN ) when it is confirmed that Beattie will not mine u to keep the coal producers happy ( coal miners usually vote labour so you don't mess with your supporters ).

The numbers certainly stack up for the uranium companies with a known resource.
I don't share your faith in how quickly the State/federal governments will move on approving Oz miners to go ahead with a new mine, so I'm staying with PDN's money in the bank approach.
I agree that PDN will probably have a bank account that will enable it to gobble up the juniors, and probably pick and choose which projects to launch into production, thereby giving it some capacity to "time the market" in years ahead.
It will be interesting to see how the juniors' share prices run in months ahead as unless the uranium price keeps stacking on the dollars there is likely to be a desertion of the ranks: Probably good time to do the homework on "value for money" prospects so that a later buy in can be contemplated.

 

[greggy]

I confirm $113/lb is correct.

To break through the $100 mark in such a strong fashion is indeed excellent news. This may well give the market an extra boost this week coming. One only has to look back to the start of Mar 07 when many so called "experts" were pushing people to sell their uranium shares. Luckily I ignored their free advice.
Good luck to all holders of uranium shares.
DYOR

 

[kromey]

To break through the $100 mark in such a strong fashion is indeed excellent news. This may well give the market an extra boost this week coming. One only has to look back to the start of Mar 07 when many so called "experts" were pushing people to sell their uranium shares. Luckily I ignored their free advice.
Good luck to all holders of uranium shares.
DYOR

Silly broker said the same thing only yesterday in the sunday times.

 

[greggy]

Silly broker said the same thing only yesterday in the sunday times.

That's one of my main reasons for giving away my full service broker 7 years ago. They all seem to think that they are always right and often encourage their clients to trade often in order to maximise their commissions.