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Uranium, a Raging Bull

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And this today in The Age:

US deals itself into nuclear reactor boom
Ralph Vartabedian, Washington
April 27, 2007


THE Bush Administration's plan for a rapid expansion of nuclear energy worldwide went a step further when the US Government agreed to joint research on new reactors and a new type of nuclear fuel with Japan.

The Energy Department has been pushing an ambitious but controversial agenda to build a large number of nuclear power plants, based on prospective technology that would include reprocessing radioactive wastes.

The agreement with Japan is the first formal international deal under the program, known as the Global Nuclear Energy Partnership.

The program would make the US a more important player in the current worldwide nuclear building boom, in which 222 new reactors are planned, said Dennis Spurgeon, assistant secretary of Energy. "That is $US1 trillion ($A1.2 trillion) of business on the horizon."

http://www.theage.com.au/news/world...ar-reactor-boom/2007/04/26/1177459878555.html
 
Well, perhaps if Labor change their policy it won't matter anyway. The PM looks set to take the states decision powers away:

The Age said:
PM flicks switch to nuclear

Katharine Murphy, Sydney
April 28, 2007

PRIME MINISTER John Howard will today fire a political rocket into the ALP's national conference by announcing a detailed plan to introduce nuclear power to Australia.

Mr Howard will reveal plans to axe federal bans on nuclear activities and remove unnecessary constraints to new uranium mines, while investing in the skills of a new nuclear workforce.

Mr Howard will commit his government to a global research project investing in the next generation of nuclear reactors. He will also ask officials to develop work plans setting out a road map for the nuclear industry.....
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Nice cartoon:
 

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He will get slaughtered at the next election with that agenda.

WA for one does not want it and if i was a serving liberal member i would be hitting the panic button right now!

What planet is this bloke on.

Nuclear power stations need lots of water thats means on the coast.

Do you want one next to you because he hasn't outlined where they are going to be placed.

I believe in nuclear energy and it will come here but only when it is transparent and not just dropped on us for political purposes.
 
kennas said:
Well, perhaps if Labor change their policy it won't matter anyway. The PM looks set to take the states decision powers away:



Nice cartoon:
Click to expand...

Clearly the man (read little boy) is desparate to keep his job.
I dont think it will work.
Kennas, where exactly did you get this point from:
The PM looks set to take the states decision powers away

Coz this would be very significant and result in a massive re-rating of non-SA/NT U companies.
 
Posted the below on another thread and have copied below as i am interested in everyones thoughts on this.

So the consensus seems to be that the SP has this weekends decision factored in already?

Buy in from OS companies may well be increased due to this?

My questions are, Now that the path has been cleared somewhat, why do australian companies need to go exploring offshore and what markets are they after that cannot be sold into directly via Australian U mining into the future? We do have a large resource base to work with here (the largest?). This may not impact on actual producers OS or those close to production however those OS explorers who are still in early stages may be chasing a product that is easier to source direct from Australia in the future by the end users?

Australia, the one stop resource shop for all things mineral?

Just a question as i have a slice of the namibian explorers and have a cloud appearing that needs the winds of reason to sweep them
 
nizar said:
Kennas, where exactly did you get this point from:
The PM looks set to take the states decision powers away

Coz this would be very significant and result in a massive re-rating of non-SA/NT U companies.
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That is a deduction taken straight out of the article. It's my understanding that the Fed Govt has always had the right to take over the States decisions on mining. They just have to pass it as Fed legislation, and if they control the lower and upper house then they can do what they like.
 
Watch the U stocks tommorow especially AGS, now that Labour has given the green light for more that 3 mines policy
Extract from Nine MSN:

"I think we got up in the end by just 10 or 15 votes out of many hundreds of delegates."

Before the vote, Mr Garrett made a passionate plea to his colleagues not to support the policy, but did not secure enough support.

Mr Rudd said the environment spokesman would now move on.

"Any political party ... contains within it a whole range of views which we formalise through democratic processes at conferences like this one here," the Labor Leader said.

"And guess what? Not everyone always gets their own way - I don't get my way on everything - I understand that.

"Therefore it is our job, however, to take our unified message out to the Australian people."

Mr Rudd said Mr Garrett would now move on, promoting Labor's climate change policies including uranium mining.

"What I really appreciate about Peter however is that he's prepared to be a team player," Mr Rudd said.

Mr Rudd said the Labor Party's decision on uranium mining recognised the importance of Australia's resources to the rest of the world.

"We've just got to recognise the reality that we are a significant exporter of uranium to the rest of the world and we have the world's largest uranium resources and we think that our conference policy reflects that continuing reality," he said.

"We see this as a step forward for other economies which don't have the same rich array of energy options that Australia has."

Mr Rudd said uranium mining had been a sensitive issue within the Labor Party for a long time, but it was time for a change.

But he said Labor's approach to uranium and opposition to nuclear power was more appropriate than the current federal government's stance.

Prime Minister John Howard on Saturday flagged the government's intention to remove all unnecessary restrictions on mining, processing and exporting uranium, opening the way for domestic nuclear power generation.

"The whole question of Mr Howard's 25 nuclear reactors coming to an electorate near you, I think, just flies in the face of Australia's current energy policy reality," Mr Rudd said.

"I mean this is a country with vast energy resources."

Mr Rudd said there needed to be more investment in renewables such as solar power, wind and geothermal energies to fight climate change, as well as clean coal.

"What Mr Howard is doing with his 25 nuclear reactor program among other things is hauling up the white flag on the future of Australia's coal exports."

But, he said a real step forward on climate change is unlikely with the current government.

"How can a government so full of climate change sceptics ever credibly be part of Australia's climate change solution?"
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Ang said:
Watch the U stocks tommorow especially AGS, now that Labour has given the green light for more that 3 mines policy
Extract from Nine MSN:
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I hold AGS...but at the current SP/Market Cap...I would like to see some big profits.

On that note does anyone have a link to AGS' P&L?
 
Pommiegranite said:
I hold AGS...but at the current SP/Market Cap...I would like to see some big profits.

On that note does anyone have a link to AGS' P&L?
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Yep, looks pricey doesn't it. I'm unconvinced that Arkaroola is worth this, but Mr Market thinks so. I'm holding until it breaks down on TA.

For P&L you should try their web site Pommie:

http://www.allianceresources.com.au/

Last cash flow and activity reports are there.
 
kennas said:
Yep, looks pricey doesn't it. I'm unconvinced that Arkaroola is worth this, but Mr Market thinks so. I'm holding until it breaks down on TA.

For P&L you should try their web site Pommie:

http://www.allianceresources.com.au/

Last cash flow and activity reports are there.
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Cheers Kennas,

I'm new to commodoties, but old to financial statements...and I have alarm bells ringing with AGS.

I think I'll let a little more Euphoria kick in, before I bail out on AGS....probably before Nymex futures go live on May 7th.

As I have no TA skills...I will have to rely on gut feeling.:D

PG
 
Pommiegranite said:
As I have no TA skills...I will have to rely on gut feeling.:D
PG
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I'm pretty new at this too, but from my reading of the chart, a cup and handle has formed and if the break though $2.50 (and the lip of the cup) is confirmed, then there is a price target of $3.40 ish. Obviously, this is just a probable projection, and is no sure thing. What will definately hold it back will be a the extended market cap on a possible 25% of B4M and anything else at Arkaroola. Well done those people that spotted this at 15 cents! :D
 

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I agree, I also hold AGS and will be looking at accumulating tommorow if it breaks $2.60. This is a solid weekly formation of a Darvas box. I will then follow this with a trailing stop loss once it hits $3.
It would be a typical Nicolas Darvas trade where in the early 1900 he was buying the tech type stocks that were a rage back then, he actually made more money trading stocks with higher value.
Kindreg
ang
 

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Ang said:
I agree, I also hold AGS and will be looking at accumulating tommorow if it breaks $2.60. This is a solid weekly formation of a Darvas box. I will then follow this with a trailing stop loss once it hits $3.
It would be a typical Nicolas Darvas trade where in the early 1900 he was buying the tech type stocks that were a rage back then, he actually made more money trading stocks with higher value.
Kindreg
ang
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Ang, what's your strategy if it does not make $3.00, which is a strong possibility. It's market cap may be well too overextended then depending on what results they produce. Shouldn't you have a trailing stop from the moment you buy in. For eg, if it does hold over $2.60, then what is your out strategy at that moment. Stop at your buy in price, or do you set an initial stop 10% below?
 
"THE dumping of the Labor Party's illogical "three mines" uranium policy is a long overdue bonanza for South Australia."

it appears only SA is ready to proceed at full speed in bringing on new U mines, thus I have brought my focus to
the leading candidates, the best co.s with the best prospects, in that state....
SA was also the focus of a recently hally-hooed discovery....speculation runs red-hot down-under...

http://www.news.com.au/adelaidenow/story/0,22606,21638761-5006336,00.html
 
A gain reaction as Labor nukes uranium policy
http://www.theaustralian.news.com.au/story/0,20867,21642370-643,00.html

This article includes paragraph:
"Industry experts say very few uranium hopefuls are in a position to go to their bank with a mining plan. Far East Capital analyst Warwick Grigor has 23 companies listed as producers or potential producers".

Can someone post Warwick Grigor has 23 companies?
 
From a previous article on 7 April

"Grigor ranks 23 companies as either being in production or being well on the way to that state. Some of those are - in his view - already fully priced.

These include Summit Resources, Toro Energy, Marathon Resources (which is starting a scoping study on its Mt Gee deposit), Arafura Resources and Berkeley Resources.

The ones he would buy now are: his own Monaro Mining, which he argues has undervalued prospects in Kyrgyzstan; Uranium King, which has projects in Nevada and New Mexico (and the Americans support uranium mining); and Contact Resources, with its project in Peru."

source: http://www.theaustralian.news.com.au/story/0,20867,21515082-5001942,00.html
 
There's been a fair bit of weakness over recent days in the price of many small uranium stocks. IMO its been just a correction to a overheated sector. Also, the market had already priced in a Yes vote at the ALP conference. May be some people are concerned about uranium being traded on the futures exchange. I feel that as demand for uranium grows so too will the price. Production has yet to catch up with demand. I'm still a uranium bull as more countries down the track will go down the nuclear path as its environment friendly. Any other views?
DYOR
 
IMO grigor could now change his idea to which companies will be producing ie CUY, AGS and MTN.

australia has just de-risked the uranium sector and now i think we will begin to see people investing in a sector that is a definite NOT just a maybe. obviously SA and NT stocks will be the best ones to benefit
 

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