Uranium, a Raging Bull

[nizar]

Just to remind everybody
"Its different this time" are the 4 most expensive words.

Dont fool yourself. SPeed kills LOL

I meant to say, dont fool yourself, this bullmarket will come to an end. Insider, MTN was a great stock, but for your example you focussed on assets, while when MTN went from $1 to $6 - did their assets increase 6-fold?? I dont think so. But who cares, we make money, its all good.
Just dont be the one holding it at the end when the music stops.
And for someone with no exit strategy, and who doesnt use stops, its you and others like you that really need to have a think about what you are doing.

 

[kromey]

Where did i see Uranium plays near Mt Isa?

 

[stockman]

EDN about to announce details of their Uranium spin - off float. Details very soon. Need to have EDN shares to get priority. Apparently going to be tightly held. I've been told need 1000 EDN shares to qualify but not 100% sure. Do your own research.

My guess is Monday may be the last day.

Good luck.

 

[champ2003]

Uranium is about to start being traded on the NYMEX the same way oil,gold,silver etc is traded.

The contract, for 250 pounds of the metal, begins trading May 7, and will be available via the electronic trading platforms in most brokerages.

 

[champ2003]

Just to remind everybody
"Its different this time" are the 4 most expensive words.

Dont fool yourself. SPeed kills LOL

I meant to say, dont fool yourself, this bullmarket will come to an end. Insider, MTN was a great stock, but for your example you focussed on assets, while when MTN went from $1 to $6 - did their assets increase 6-fold?? I dont think so. But who cares, we make money, its all good.
Just dont be the one holding it at the end when the music stops.
And for someone with no exit strategy, and who doesnt use stops, its you and others like you that really need to have a think about what you are doing.

UMM i think MTN is still a great stock Nizar and is still very cheap by comparison to others out there. Sorry but i think that if you check the announcements you will find that their assets have been slowly proven up through drilling which justifies the current share price IMO. The party isn't going to finish for quite a while as well so there is still lots of potential out there.

 

[nizar]

UMM i think MTN is still a great stock Nizar and is still very cheap by comparison to others out there. Sorry but i think that if you check the announcements you will find that their assets have been slowly proven up through drilling which justifies the current share price IMO. The party isn't going to finish for quite a while as well so there is still lots of potential out there.

Brother i hold plenty of MTN.

 

[champ2003]

I can't say where i got this article from but it said that another issue in our minds is the increasing proportion of uranium supply that is forecast to come from in-situ leach (ISL) projects. This type of technology is not yet fully proven in our minds. There are significant risks associated with ISL projects and their operational reliability that leads us to factor a significant risk premium into future uranium prices.

Kennas if you want to delete that its fine with me but i can't reveal any more info on that at the moment. Sorry

Champ

 

[bigdog]

Who are the major Uranium companies on Aust Stock Exchange?

 

[Sean K]

Who are the major Uranium companies on Aust Stock Exchange?

BHP, RIO/ERA and PDN.

 

[Sean K]

I can't say where i got this article from but it said that another issue in our minds is the increasing proportion of uranium supply that is forecast to come from in-situ leach (ISL) projects. This type of technology is not yet fully proven in our minds. There are significant risks associated with ISL projects and their operational reliability that leads us to factor a significant risk premium into future uranium prices.

Kennas if you want to delete that its fine with me but i can't reveal any more info on that at the moment. Sorry

Champ

No drama. Any operational ISL miners at the moment? Perhaps a run through their anns would confirm one way or the other? I'm not trying to ping you on this, it's an important question I'd like answered.

 

[champ2003]

No drama. Any operational ISL miners at the moment? Perhaps a run through their anns would confirm one way or the other? I'm not trying to ping you on this, it's an important question I'd like answered.

Hi Kennas,

I have no additional info on that at the moment however i'll definitely let you know if I come across any.

Cheers!

Champ

 

[spooly74]

No drama. Any operational ISL miners at the moment?

There are two ISL uranium mining projects in Australia;
Beverley and Honeymoon, both in the Lake Frome area of South Australia.

1.The Beverley deposit is 520 km north of Adelaide. The deposit was sold to Heathgate Resources Pty Ltd, an affiliate of General Atomics of USA, in 1990.
Production started in 2000.

2. At Honeymoon, about 75 kilometres north west of Broken Hill.
Plans are to bring Honeymoon and the associated deposits into production at about 400 tonnes per year early in 2008.

 

[Sean K]

There are two ISL uranium mining projects in Australia;
Beverley and Honeymoon, both in the Lake Frome area of South Australia.

1.The Beverley deposit is 520 km north of Adelaide. The deposit was sold to Heathgate Resources Pty Ltd, an affiliate of General Atomics of USA, in 1990.
Production started in 2000.

2. At Honeymoon, about 75 kilometres north west of Broken Hill.
Plans are to bring Honeymoon and the associated deposits into production at about 400 tonnes per year early in 2008.

Thanks, will look at their production profile to see if they've had any dramas. Cheers!

 

[champ2003]

Hi Kennas

The article that i found in relation to ISL mines was about problems with the technology once the mines are in production hence you probably won't find anything about the Aussie ISL mines as yet, not until they are in production. The article was focussed more on the uranium price and how they felt that the price will be heavilly supported by many international ISL mines not meeting their initial production forecasts therefore keeping supply tight.

Cheers!

Champ

 

[YOUNG_TRADER]

Hi Kennas

The article that i found in relation to ISL mines was about problems with the technology once the mines are in production hence you probably won't find anything about the Aussie ISL mines as yet, not until they are in production. The article was focussed more on the uranium price and how they felt that the price will be heavilly supported by many international ISL mines not meeting their initial production forecasts therefore keeping supply tight.

Cheers!

Champ

Makes sense, Leach operations always struggle, ie Nickel laterite, Gold heap leach etc etc

 

[Kimosabi]

Interview with Uranium Analyst Warwick Grigor of Far East Capital on Inside Business.

Warwick Grigor of Far East Capital

Transcript

http://www.abc.net.au/insidebusiness/content/2007/s1903602.htm

Video

http://www.abc.net.au/reslib/200704/r138979_475594.asx

 

[Sean K]

For those investing in uranium explorers who will come into production after 2010, it's worthwhile having a more considered appreciation of the future price of uranium which will effect the viability of some juniors.

From an article in the Fin this weekend:

Some analysis are expecting the the creation of a futures market on the Mercentile Exchange to have a significant effect even on the current price. Brian Eley, from Eley-Griffin funds management (not sure of the cred) believes that U prices will settle in a range of $US40-70 lb after the introduction of the NYMEX futures. This is going to put a lot of pressure on junior end of the Australian junior sector.

On the other hand there is conjecture amongst the current producers of where the U price is headed. The ERA CEO reckons there ill be a correction with 5 years, while PDNs says that U price appreciation will be sustained for more than a decade.

 

[Kimosabi]

On the other hand there is conjecture amongst the current producers of where the U price is headed. The ERA CEO reckons there ill be a correction with 5 years, while PDNs says that U price appreciation will be sustained for more than a decade.

Of course the ERA chief is going to say this. ERA isn't getting any benefit from the higher prices because they've got long-term contracts...

 

[champ2003]

For those investing in uranium explorers who will come into production after 2010, it's worthwhile having a more considered appreciation of the future price of uranium which will effect the viability of some juniors.

From an article in the Fin this weekend:

Some analysis are expecting the the creation of a futures market on the Mercentile Exchange to have a significant effect even on the current price. Brian Eley, from Eley-Griffin funds management (not sure of the cred) believes that U prices will settle in a range of $US40-70 lb after the introduction of the NYMEX futures. This is going to put a lot of pressure on junior end of the Australian junior sector.

On the other hand there is conjecture amongst the current producers of where the U price is headed. The ERA CEO reckons there ill be a correction with 5 years, while PDNs says that U price appreciation will be sustained for more than a decade.

Thanks for that Kennas. Very interesting to read that some analysts believe that prices will drop to $40-$70. I don't understand how that could possibly happen with the supply of uranium being so low. With demand so high and supply so tight why would sellers of uranium sell for less???

If anything I think that there will be an enormous panick driven spike which will then correct but still at a much higher price than what it is currently IMO. The price of uranium is about to become alot more volatile very soon however that could mean great things for the juniors in the short to medium term.

Cheers!

Champ

 

[champ2003]

http://money.cnn.com/2007/04/19/markets/uranium/index.htm?section=money_markets