Uranium, a Raging Bull
- Thread starter Yippyio
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New question.
What do you guys think will occur in the following days after the ann?
Me, a drop in u stocks on the aussie market. Stocks with prospects out of Australia (Africa etc.) take better advantage of the world U "climate".
Anyone else?
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Oh i think that the stocks are going to go up, then down a little then up again, but then later they will come down again.
I agree
Excuse the ignorance, I haven't been following the discussion in this thread or the debate at large so this argument may not be relevant or new. Just came across this article today which puts forward an interesting view on the supposed high demand for and high price of uranium.
The facts are that there are plenty of Nuclear power plants in construction globally which is to increase demand substantially.
Nuclear power plants may not play a huge part in Aust as we may never build a plant however the likelyhood is that we will. Even so, our uranium will be needed to supply the rest of the world.
Yes wind energy, solar, Hydro power etc is always very helpful in peak periods of consumption however those methodologies combined won't provide enough power to supply entire cities. We have to stop burning fossil fuels to protect the ozone layer and climate change so the only other way to do this at this stage of our technological stance is use of uranium in Nuclear power stations.
As far as price is concerned, of course no-one could have ever predicted where the price of U is going and who knows how high it will go today!
The only thing that is going to bring the price down is lack of demand/slower demand but the oposite is currently happening as demand is getting stronger year on year and production is in decline so there will continue to be a very tight market in the foreseeable future IMO.
The lack of knowledge globally on the fundamentals of the industy is the reason that the price has taken 6 years to get to where it is today and as the world wakes up to all of these facts the price will start to shoot up alot higher hence the biggest increase in U price was reported last month and it doesn't look like it's about to change any time soon.
Cheers!
Champ
Well as you know, without nuclear power there is no demand and so I was just explaining some facts to people who may not understand.(hey that rhymes LOL)
Cheers Halba!
Champ
http://www.uraniumanalyst.com/sectornewsuraniumboom.html
This is readily available on the internet. It's an update on the U situation.
This is readily available on the internet. It's an update on the U situation.
STREET PUTS ENERGY BEHIND URANIUM
By ZACHERY KOUWE
Click to enlarge.April 25, 2007 -- In a bet on the revival of nuclear energy, Wall Street giants including Goldman Sachs and Morgan Stanley are set to move mountains of cash into uranium when it starts trading on the New York Mercantile Exchange next month.
The price of uranium has skyrocketed over the past year from around $40 a pound to around $113 as demand has outstripped supply. Goldman and other investors including hedge funds see big opportunities trading uranium because of its high level of volatility.
Uranium, which is mined by only by a few companies such as Canada's Cameco Corp., is the main commodity used in nuclear power plants. It is not currently traded on an exchange and its price is hard to determine because transactions are private and infrequent.
The price fluctuations have frustrated nuclear power plant operators, who complain that the current spot market is inefficient and provides little price transparency.
The Nymex hopes to capitalize on the desire for a more institutionalized uranium market as well as the appetite in the hedge fund community for more investment products.
The newly created uranium futures contract will begin trading on the Nymex's electronic system on May 7, according to the exchange's VP of marketing Randy Warsager. Most of the Nymex's products are traded on the Chicago Mercantile Exchange's Globex system under a joint agreement between the two markets.
A bevy of hedge funds including Citadel Investment Group, GLG Partners and Fortress Investment Group have set up teams to begin trading uranium. Other traders will include owners of nuclear facilities including Duke Energy, Exelon Corp., and electronic futures broker Alaron Trading.
By ZACHERY KOUWE
Click to enlarge.April 25, 2007 -- In a bet on the revival of nuclear energy, Wall Street giants including Goldman Sachs and Morgan Stanley are set to move mountains of cash into uranium when it starts trading on the New York Mercantile Exchange next month.
The price of uranium has skyrocketed over the past year from around $40 a pound to around $113 as demand has outstripped supply. Goldman and other investors including hedge funds see big opportunities trading uranium because of its high level of volatility.
Uranium, which is mined by only by a few companies such as Canada's Cameco Corp., is the main commodity used in nuclear power plants. It is not currently traded on an exchange and its price is hard to determine because transactions are private and infrequent.
The price fluctuations have frustrated nuclear power plant operators, who complain that the current spot market is inefficient and provides little price transparency.
The Nymex hopes to capitalize on the desire for a more institutionalized uranium market as well as the appetite in the hedge fund community for more investment products.
The newly created uranium futures contract will begin trading on the Nymex's electronic system on May 7, according to the exchange's VP of marketing Randy Warsager. Most of the Nymex's products are traded on the Chicago Mercantile Exchange's Globex system under a joint agreement between the two markets.
A bevy of hedge funds including Citadel Investment Group, GLG Partners and Fortress Investment Group have set up teams to begin trading uranium. Other traders will include owners of nuclear facilities including Duke Energy, Exelon Corp., and electronic futures broker Alaron Trading.
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if they scrap policy then SA explorers will rocket, then depending on each states particular stance will either show appreciated or depreciation. QLD what is beattie doing? WA what is carpenter doing? (IMO both are just dragging their feet and need to show some decision and strength on what is best for their state economies and stop backflipping all over the place).
if they dont scrap policy expect to see some major increases in australian uranium explorers with interests in africa, peru, europe, usa, canada etc.
these explorers will benefit from uranium friendly countries that dont hinder economic progress with ridiculous red tape stopping development and growth.
if they dont scrap policy expect to see some major increases in australian uranium explorers with interests in africa, peru, europe, usa, canada etc.
these explorers will benefit from uranium friendly countries that dont hinder economic progress with ridiculous red tape stopping development and growth.
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So I take it that means you would have no problem with a nuclear power station being built next door to you - yes or no?
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Despite the giant bull Uranium we do need to take care as Uranium.com rises way beyond realistic prices.
I think I might start a company called "Uranium in my backyard Ltd". With 1 hectare of land and a bucket and spade, afterall, it is North East of the Oxiana find.
I'm using the very new "state of the art technology", which must remain secret, to complete my surveying from the roof of my property, and straight away I can report numerous anomalies that appear quite near the surface. Previous exploration has been carried out by my Great Grandfather, who told me that there's gold and silver in that there land.
So I'm offering shares at just $1 dollar each and at any moment I expect the Board of Directors of Paladin to come through my front gate.
No need for expensive drilling rigs. I infact started digging this evening, but my spade handle broke and the local store was sold out of spades. Probably due to the rush by others with adjoining backyards.
Daft it may all seem, but take care my friends.
I think I might start a company called "Uranium in my backyard Ltd". With 1 hectare of land and a bucket and spade, afterall, it is North East of the Oxiana find.
I'm using the very new "state of the art technology", which must remain secret, to complete my surveying from the roof of my property, and straight away I can report numerous anomalies that appear quite near the surface. Previous exploration has been carried out by my Great Grandfather, who told me that there's gold and silver in that there land.
So I'm offering shares at just $1 dollar each and at any moment I expect the Board of Directors of Paladin to come through my front gate.
No need for expensive drilling rigs. I infact started digging this evening, but my spade handle broke and the local store was sold out of spades. Probably due to the rush by others with adjoining backyards.
Daft it may all seem, but take care my friends.
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Yep, similar story to my company, Duke-Nukem NL, except my mine has been flooded and the chief geologist has gone shopping. Time for a capital raising
Disagree. SA U mining to be approved is old news. Followers of U stocks have known about this for a while now.
Buy on rumour, sell on fact. I don't think there will be much movement at all in these stocks once the ann is made by Rudd. It's all a game of perception rather than reality at this ALP conference.
SA will change and the market already know this.
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i think i would be significantly less oposed to a nuclear plant rather than coal fired power station opening up next door.
would you be in favour of a coal fired power station been built next door to you?
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jiminy i think anticipation of the policy been dropped is been priced in not confirmation if you think that SA uranium stocks have already had their run if policy is dropped then i think you are mistaken.
a change in policy will confirm what market thinks and send these stocks on another run IMO
Sean K
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I agree. And I think QLD and WA grass roots explorers may be hurt. Hope I'm wrong for holders there.
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Hi, hopefully most of the explorers have tenements dotted all over Australia and those in NSW and WA are few in number and may be seen as a bonus. Some explorers in NSW are drilling for Copper and gold, not Uranium of course.
