Uranium, a Raging Bull

[MalteseBull]

the raging bull must've died

 

[IGO4IT]

the raging bull must've died

I don't think it died, I think sh/holders couldn't believe themselves with the immediate demand & done the bugger all & just kept selling & this is what's stopping the market now from continuing, EVERYONE can't see a point of paying more since ONLY buyers are the ones seeing the U future potential while sellers are selling immediatly with whatever gain.

AEX & EXT both done great but look at them now after 2 days, sellers couldn't believe their eyes that they've made so much money in few days & were happy to keep selling.

imo, Demand is still out there but its very natural when buyers see sellers are happy to empty their bags with only an extra 0.5c then WHY would buyers pay an extra 1c for it?!! Would you buy now? any logical mind will wait until shares relax again & enter on cheaper prices.

 

[nizar]

the raging bull must've died

Uranium is currently in a bull market.

During a bull market, the stock/commodity/wateva doesn't run in a straight line forever. After a particularly strong run, there are always corrections, as traders/speculators lock in profits. This in turn, provides buying opportunities that will catalyse the next leg up.

Did u expect those U stocks to go 40-50% everyday forever without having a breather?

Lots of money to be made, but be careful, i wouldve want to be the one left holding the dogs when no1 else wants them...

 

[nizar]

I don't think it died, I think sh/holders couldn't believe themselves with the immediate demand & done the bugger all & just kept selling & this is what's stopping the market now from continuing, EVERYONE can't see a point of paying more since ONLY buyers are the ones seeing the U future potential while sellers are selling immediatly with whatever gain.

AEX & EXT both done great but look at them now after 2 days, sellers couldn't believe their eyes that they've made so much money in few days & were happy to keep selling.

imo, Demand is still out there but its very natural when buyers see sellers are happy to empty their bags with only an extra 0.5c then WHY would buyers pay an extra 1c for it?!! Would you buy now? any logical mind will wait until shares relax again & enter on cheaper prices.

Agree, too many day-traders in AEX and EXT especially that are capping a price. Quite a shame really.

U ask why would u buy now?

Well about 150million shares on EXT changed hands this week, so somebody was buying. Not me though.

 

[michael_selway]

Agree, too many day-traders in AEX and EXT especially that are capping a price. Quite a shame really.

U ask why would u buy now?

Well about 150million shares on EXT changed hands this week, so somebody was buying. Not me though.

AEX's chart looks technically good, because its on the up, after a big fall till Jan 06

thx

MS

 

[YOUNG_TRADER]

For the last 2 or so months I have been going on about Marathon Resources and their potential,

I felt a bit better when a Patersons report named MTN as "the most compelling buy in the Uranium Sector"


I am now happy to add that Fat Prophets has joined the ranks,


I found this article in the weekend Australian which shows Fat Prophets are now backing Marathon as a clear favourite in the Uranium Sector,



WEALTH


Resource minnows worth fishing for
Look beyond the majors for investment thrills, writes Robin Bromby
--------------------------------------------------------------------------------

April 01, 2006


Uranium has investors running hot at the moment, even though most of the projects are years away from production.

Most analysts believe the uranium story has been overbought, but Fat Prophets analyst Gavin Wendt has a clear favourite in Marathon Resources.
"The company is one of only a handful of Australian uranium hopefuls that, in our view, have a meaningful prospect of achieving mining status," says Wendt.
The stock hit a new intraday high of $1.17 yesterday, about double what it was in February.

Wendt says two things differentiated Marathon from most uranium hopefuls. First, it possessed a large identified resource; second, its resource was located in South Australia, a state sympathetic to uranium mining.

 

[BraceFace]

For the last 2 or so months I have been going on about Marathon Resources and their potential.

So did you buy some?
How much of a profit are you sitting on now % wise?
Where do you think this one is heading?

 

[YOUNG_TRADER]

Brace check my posts in MTN,

But like I said its good to know that with Uranium Bull being called hype by some, 2 respected firms like Patersons and Fat Profits have called MTN a favourite (most compelling) buy,

Like I've been saying, don't be suprised to see a takeover bid if this companies mkt cap doesn't double at least (from here is $2+), its called arbitrage, what the mkt doesn't price in, a take over bid will.

 

[YOUNG_TRADER]

Peeps thought everyone would appreciate a price table I found on how Yellow Cake players went today, sorry that its not lining up properly hope it helps

The 3rd No. is the % gain or less (if it helps to read it)

Stock ASX Code Close ($) Change (cents) Change (%) Vol (M) VWAP
Marathon Resources MTN 1.33 26.00 24.30 3.81 132.09
Toro Energy Limited TOE 1.26 23.50 22.93 14.32 123.53
Extract Resources EXT 0.14 2.00 17.39 57.23 13.15
Bullion Minerals BLN 0.42 5.00 13.51 0.38 39.05
OmegaCorp Limited OMC 0.56 6.00 12.00 2.68 55.94
Compass Resources NL CMR 2.40 20.00 9.09 0.90 227.78
Energy Metals Ltd EME 2.37 16.00 7.24 0.14 232.05
Redport Limited RPT 0.15 1.00 7.14 41.90 15.25
Nova Energy Limited NEL 1.85 9.00 5.11 0.35 186.30
Summit Resources SMM 1.33 6.00 4.72 1.74 135.92
Arafura Resources ARU 0.50 2.00 4.17 1.12 49.92
Paladin Resources PDN 5.38 20.00 3.86 6.06 538.96
Berkeley Resources BKY 0.89 3.00 3.51 1.89 87.66
Heron Resources HRR 0.47 1.50 3.33 0.07 45.05
Matrix Metals MRX 0.08 0.20 2.60 4.83 7.99
Equinox Minerals Ltd EQN 1.89 3.50 1.89 0.22 188.36
Giralia Resources NL GIR 0.33 0.50 1.54 0.47 33.03
Alliance Resources AGS 0.45 0.00 0.00 1.64 47.01
Sherlock Bay Nickel SHN 0.08 0.00 0.00 0.00 0.00
Adelaide Resources ADN 0.47 0.00 0.00 0.14 46.72
Range Resources Ltd RRS 0.04 -0.10 -2.27 10.48 4.36
Deep Yellow Limited DYL 0.18 -0.50 -2.70 31.98 19.00
Cazaly Resources CAZ 1.71 -6.50 -3.67 0.64 169.87
Stellar Resources SRZ 0.52 -3.00 -5.50 1.08 55.15

 

[YOUNG_TRADER]

Also a note of caution,

Fat Prophets senior resources analyst Gavin Wendt told MiningNews.net he believed the bulk of the material exported from Australia would be taken up by existing producers, namely BHP Billiton and Rio Tinto.

"There is a lot of hype around the sector at the moment and I don't think it's warranted, particularly at the junior end of the market," Wendt said.
"The market is really getting ahead of itself … and a lot of that is coming from the broking community, they're having a great time."

He said brokers were making hay while the sun shone on the uranium market.

"The broking community has clients that are trading uranium stocks … they don't want to pour cold water on that and … what broker doesn't want to get involved with the next uranium float?" Wendt said.




Interesting to note that this is the same guy who believes that MTN is not all hype and offers a really good exposure to Uranium

Most analysts believe the uranium story has been overbought, but Fat Prophets analyst Gavin Wendt has a clear favourite in Marathon Resources.
"The company is one of only a handful of Australian uranium hopefuls that, in our view, have a meaningful prospect of achieving mining status," says Wendt.
The stock hit a new intraday high of $1.17 yesterday, about double what it was in February.

Wendt says two things differentiated Marathon from most uranium hopefuls. First, it possessed a large identified resource; second, its resource was located in South Australia, a state sympathetic to uranium mining.

 

[Goose]

Yeah TOE - booming

FYI - Dines letter.

An interesting read.

“Panic-driven price spike in uranium stocks ahead!”

It’s mind-boggling. We’re in a uranium shortage so huge that half the world’s 441 nuclear power plants might go dark. Yet 80 new plants are in construction or planning””mostly in Asia.

If you think the fight between China and the West for the world’s oil is big, this will be more like a nuclear bomb. And it’s fueling an historic uranium stock-price explosion that will dwarf oil’s surge.

Uranium-mining stocks are just beginning to rise. It’s still early, before they reach historic highs.

Uranium is worth another look: It’s a raging bull that’s only just begun its stampede!


Aussie listed Stocks ready to take advantage of this Bull run are;

BHP, EME, PDN, SMM any others ???

 

[YOUNG_TRADER]

Good old Constitutional law comes to the resuce to do away with Labors tight arse views on Uranium Mining, here's to Australia, being the next Middle East for the new oil of the future, Yellow Cake!!!!!

PM threatens ALP on China uranium deal
Patrick Walters and Joseph Kerr
April 04, 2006
JOHN Howard has raised the prospect of using constitutional powers to override the states if future exports of uranium to China are jeopardised by Labor's three-mines policy.

But he might not need to, after a second Labor premier - Queensland's Peter Beattie - signalled yesterday he would not stand in the way of moves to scrap the policy and allow a new uranium mine.

The Prime Minister said he believed the policy was "already crumbling" but indicated the Government would consider legislation to override the states if necessary.

"We will examine that and watch developments in that area with great interest," he said.

"The Government will also, in the fullness of time, examine what other capacity the national government has if that becomes necessary, but it's a little early to be contemplating that."


Mr Howard and Chinese Premier Wen Jiabao yesterday witnessed the signing of two agreements, clearing the way for future sales of Australian uranium to China's nuclear power program.

Mr Howard also agreed to adopt an accelerated two-year timetable to clear the major obstacles to a bilateral free trade agreement.

But Trade Minister Mark Vaile warned that tough negotiations with Beijing lay ahead on the trade deal. "The negotiations will be difficult but are worth persisting with," he said.

The nuclear accord unlocks Chinese investment opportunities in Australia's uranium industry as Beijing seeks to diversify its energy supply away from its reliance on fossil fuels.

However, the nuclear transfer agreement signed by Foreign Minister Alexander Downer and his Chinese counterpart, Li Zhaoxing, also establishes strict export safeguards to ensure Australian uranium is used exclusively for peaceful purposes.

A second co-operation agreement provides for collaborative work including research on peaceful nuclear science as well as safeguards and nuclear security issues.

Labor's "no new mines" policy applies in Queensland, NSW, Victoria and Western Australia, but there is growing pressure from within the party to junk the longstanding position.

The three existing mines are at Ranger in the Northern Territory and Nabarlek and Olympic Dam, also known as Roxby Downs, in South Australia.

Mr Beattie disputed Canberra's constitutional powers to override the states to allow new uranium mines but agreed that if federal Labor changed its policy, he would not stand in the way of other mining opportunities.

"I don't want to see anything that would undermine Queensland's coal ... but obviously if the Labor Party changes its view on uranium we would follow suit," Mr Beattie said.

South Australian Premier Mike Rann said Labor's three mines policy "will change" as federal Labor leader Kim Beazley refused to commit to a policy a change.

Constitutional expert George Williams said that if the federal Government wanted to allow one or more new uranium mines, it could use the constitution's trade and commerce power to overturn any state law blocking a new mine being established for export purposes. Professor Williams, director of the Gilbert+Tobin Centre of Public Law at the University of NSW, said Canberra could also use the corporations power, currently being used to dramatic effect in implementing the Howard Government's industrial relations changes.
China insists that it takes seriously its obligations as a member of the International Atomic Energy Agency and as a signatory to the Nuclear Non-Proliferation Treaty.

"China is conducting nuclear co-operation and this is solely for peaceful purposes," Mr Wen said. Mr Howard said he was satisfied Australian safeguards would be enforced. "It's on that basis that the agreements have been signed," he said.

It is believed China wants to import about 20,000 tonnes of uranium, about double Australia's current production, but with sales also coming from Canada and Kazakhstan. Industry Minister Ian Macfarlane said he did not expect any sales to China before 2008 as Australia was committed in terms of production.

The Chinese leader caused confusion on Sunday when he said the nuclear safeguards agreement - signed in Canberra yesterday - should contain a price-setting mechanism.

China expert Ross Terrill said he believed Mr Wen was sending Australia a message by suggesting there should be a price mechanism. Professor Terrill said the remarks were clearly not off the cuff.

Additional reporting: Nigel Wilson

Yesterday's agreement for Australia to export uranium to China symbolises our role in the realignment of the world economy. In the new world, Australia will be more than ever a resource supplier, digging up minerals to fuel a global economy far, far larger than now.

China will be at the centre of this new world, its largest economy, its largest population and, along with the US (and increasingly, India), its most influential power. How it develops, and the relationships it develops with the US, and with us, is perhaps the most important issue facing Australia's future.

You don't believe me? I love sceptical minds. But consider this.

Ever since we were born, the United States has been the world's great power: economically, militarily, and in its influence on others. Washington has run the world so long that we assume it always will.

But recent economic projections by the government's commodity forecaster ABARE suggest that, on reasonable assumptions, the US has only another decade or so left as the world's biggest economic power. In 10 years' time, China would be producing more goods and services than the US, and by 2050, it would be 2 ½ times bigger than the US.

 

[tech/a]

UNX have a look

 

[Nicks]

SRK - STRIKE RESOURCES - URANIUM + (IRON ORE ETC) UP 16% TODAY!!!! MORE ANNOUNCEMENTS COMING.

 

[tech/a]

UNX have a look

That was fun. 70.5-99c

 

[YOUNG_TRADER]

Theres just no stopping it!


April 3, 2006*
US$41.00/lb
(+0.50)

 

[tech/a]

Nor UNX

Should have sold at open this morning.
That hindsite indicator just doesnt cut it!

 

[YOUNG_TRADER]

Looks like a day of profit taking,

I strongly believe that it will become a good time to buy up those Uranium Companies that get sold down simply because the sector is doing profit taking,

My picks are AEX, AGS, ARU, BKY, DYL, EME, MTN, NEL, OMC, UNX

Try and look at which companies look the most attractive given their deposit size and current mkt caps,

As for the explorers, UXA would look good around 35-40c level

 

[Bobby]

Nor UNX

Should have sold at open this morning.
That hindsite indicator just doesnt cut it!

Hello Tech,
I bought these in mid Jan but sold soon after-Bugger .

When did you get yours ?.

Congratulations anyway, wow what a Skyrocket !.

Bob.

 

[tech/a]

Yesterday loaded in during pre close of announcement.

In and out in a few hrs.
Every now and then one like this comes along.

Plenty who bought at open would not be happy.
While the announcement was good news it is nothing more than a letter of intent.