Uranium Shares have topped out

[nizar]

I am not questioning your money making strategy in trading this stuff.

My point is that this type of strategy will not work when the majority of stocks drop 80% and lay dormant for years.

I agree wholly.
But its the strategy for NOW.

Go where the money is - and go there often. And for the past 12-18months thats been uranium stocks.

 

[chris1983]

I agree wholly.
But its the strategy for NOW.

Go where the money is - and go there often. And for the past 12-18months thats been uranium stocks.

It will be that way for awhile IMO.

What if the uranium spot price plummeted <---not gunna happen

What if supply outstripped demand <--- not gunna happen anytime soon

What if China and India didnt exist <--- Definately not gunna happen.

So in conclusion..uranium is needed to power the world. I think uranium stocks is the smartest way to go.

Uranium stocks are still the safest bet atm

 

[professor_frink]

True,

But what would happen if someone silly blew up a refinery in Sauidi A. or UAE?

What would happen if US and Israel went to war with Iran?

What will happen to the earth re climate change if e continue to use fossil fuels?

What will happen if we sit back and wait, guessing at peak oil and one day it comes knocking?

There are alot of ifs, buts and maybes, what we are seeing in the Uranium/Nuclear Sector is a slow but steady GLOBAL SHIFT, much like the BRIC (Brazil, Russia, India and China) phenomenon.

Evolution and change is inevitable, without it mans technology becomes obsolete and man himself may become extinct, so until renewable energy catches up I can't see a change.

p.s. How many Oil tanker disasters have we had at see in the past 50 years?

morning YT,

ifs, buts, maybes are everywhere when you look for them, aren't they

Agreed, I only touched on one of many possible "ifs" out there, the reason I did so was because it seems to be something that many just aren't even contemplating(and this is being reflected in the share price of many a non profitable Uranium company.)

But to say that a slow, and very gradual shift in Uranium being used around the world is an excuse for non profitable companies to be worth a few hundred million dollars, and justifying it by saying "this time it's different", is a potentially big mistake for investors to be making.

Extrapolating any current trend into the future in a linear fashion is asking for very big trouble IMHO.It was used in the tech boom to justify what was happening, what makes anyone think it's going to be different this time?

Ok, onto my opinion of Uranium as a better energy source-

The day we can say with 100% certainty that we know how to dispose of the waste effectively so it won't be a risk to future generations, and the day we can build a meltdown proof reactor that will absolutely not destroy the area around it if something goes wrong, is the day I agree that it's here to stay, and a major player in power generation. Until then, it looks like the lesser of 2 evils that will be used until something better comes along(or until something unimaginable happens).

Until that day, I don't really see it as a better, greener way to generate power- it's just a different way with a different set of horrible circumstances if something goes wrong.

There's no question that we need to move away from using fossil fuels in the way we have been(and we are, slowly)- but to go from something that spits out alot of smoke and crap out of a large stack to something that will still be creating problems hundreds of years from now doesn't seem like we are moving very far forward.

Comparing an oil spill to a nuclear meltdown isn't a reasonable comparison IMO-Sure an oil spill causes damage, but it can be cleaned up to a certain extent, and the planet can recover from it an awful lot quicker than the Ukraine will after Chernobyl happened. Spill Oil all over Sydney's beaches and it would be terrible, but the current generation would get to enjoy those beaches again at some point. A nuclear meltdown in Sydney, and no one will be coming back for a long,long time to try and clean it up properly. There's no comparing the two.

just my of course. Feel free to ignore me Uranium speculators, though I'm sure most of you already are

 

[professor_frink]

So in conclusion..uranium is needed to power the world. I think uranium stocks is the smartest way to go.

Uranium stocks are still the safest bet atm

I'm sorry, but I completely disagree with that statement. Uranium isn't NEEDED to power the world. We have managed to produce just a little bit of electricity around the world over the years without uranium.

Uranium is one of many options to produce power, it's not absolutely essential. The only thing it's essential for is a nuclear weapon.

 

[chris1983]

I'm sorry, but I completely disagree with that statement. Uranium isn't NEEDED to power the world. We have managed to produce just a little bit of electricity around the world over the years without uranium.

Uranium is one of many options to produce power, it's not absolutely essential. The only thing it's essential for is a nuclear weapon.

Uranium is the future mate. Face it. Cleaner energy.

 

[YOUNG_TRADER]

Hey Professor,

My comments were not about Uranium shares, I completely agree caution is required in the more cpec end of the sector,

But as you correctly concluded on in relation to Uranium as a energy source,

I agree 100% with what you said, Uranium is not an excellent solution to the worlds problems, but it is by far the LESSER OF THE TWO EVILS!

What I was trying to get at is, we can say what if this happens what if that happens re Nuclear Energy, but you want to know something? I know for a fact that Fossil Fuels are damaging the planet, I don't care about the debates etc, it doesn't take a Nuclear Scientist p: ) to realise this.

If anyone needs proof of how bad Fossil Fuels are, take a visit to India or China! Seriously you'll realise just how stuffed we are,

Unfortuantely renewable energies are just not advanced enough for the world to rely on them yet, however in 50yrs they should be!

Until then I'd much rather the world shifted away from Fossil Fuels to Nuclear,


Also my point re Oil Tanker spills is that there's probably been a few hundered of them in the last 50yrs vs what 2 Nuclear Problems and I'm aware that there is no comparison in the two, but its worthwhile noting the current way ain't that great either.

Finally as far as global politics go, how many wars have been and are being fought over Oil?

I wonder what would happen if the world wasn't as dependent on Oil?

 

[Dr Doom]

chris1983 It will be that way for awhile IMO.

What if the uranium spot price plummeted <---not gunna happen

~ the dynamics of the world economy are changing daily - syncronised recession could put a brake on it at least

What if supply outstripped demand <--- not gunna happen anytime soon

[IShould be the other way around - what if supply meets demand - hidden supplies fom Russia drip feeding into the market? [/I]

What if China and India didnt exist <--- Definately not gunna happen.

~China's not looking too good this week - dynamics changed to less demand.

So in conclusion..uranium is needed to power the world. I think uranium stocks is the smartest way to go.

Uranium stocks are still the safest bet atm

~~~~~~~~~~~
So nothing will dissaude your current view. What is your exit strategy ie when will you stop buying U stocks?. A balanced view?.

Hedge funds are a huge part of this small market; wait for the fallout from this weeks rumblings.

Because of the long lead time to fully working power plant, it is highly probable that alternative energy technology will supplant existing methods possibly making U even more unatractive than it is now, especially at current prices.

Australia will never have a nuclear powered power staion within 15 years - a lot can happen to emerging energy technology in that time.

Yes, U stocks will be THE way to GO

 

[professor_frink]

Uranium is the future mate. Face it. Cleaner energy.

So tell me, how do we dispose of the by-product of this "cleaner energy" in a safe and secure manner?

 

[professor_frink]

Hey Professor,

My comments were not about Uranium shares, I completely agree caution is required in the more cpec end of the sector,

But as you correctly concluded on in relation to Uranium as a energy source,

I agree 100% with what you said, Uranium is not an excellent solution to the worlds problems, but it is by far the LESSER OF THE TWO EVILS!

What I was trying to get at is, we can say what if this happens what if that happens re Nuclear Energy, but you want to know something? I know for a fact that Fossil Fuels are damaging the planet, I don't care about the debates etc, it doesn't take a Nuclear Scientist p: ) to realise this.

If anyone needs proof of how bad Fossil Fuels are, take a visit to India or China! Seriously you'll realise just how stuffed we are,

Unfortuantely renewable energies are just not advanced enough for the world to rely on them yet, however in 50yrs they should be!

Until then I'd much rather the world shifted away from Fossil Fuels to Nuclear,


Also my point re Oil Tanker spills is that there's probably been a few hundered of them in the last 50yrs vs what 2 Nuclear Problems and I'm aware that there is no comparison in the two, but its worthwhile noting the current way ain't that great either.

Finally as far as global politics go, how many wars have been and are being fought over Oil?

I wonder what would happen if the world wasn't as dependent on Oil?

Interesting thoughts. Will make this comment my final(Hang Seng is opening soon-time to get busy )

I think the debate about it as an energy source is one that could go on forever with no resolve- only time will tell how much progress we've made in the reliability and safety of Nuclear power.

Living in one of the biggest coal producing areas of the country, and quite close to a somewhat large coal fired plant, I can say with 100% certainty that I wouldn't be living here if it were a nuclear plant

I personally believe we'll fight wars no matter what it's over-oil or no oil. But that's an entire topic on it's own!

Cheers mate

Actually, another final thought for Chris,

If Nuclear power is the green energy of the future, and you seem to believe this to be the case, I gather you wouldn't have any problems with a nuclear waste disposal facility being built in your neighbourhood.

No need to answer, as I'm pretty confident I know how you'd react to that.

 

[nizar]

So tell me, how do we dispose of the by-product of this "cleaner energy" in a safe and secure manner?

Does it matter?
I mean, seriously.

I dont have a clue about how we dispose of the by-product. I just trade the shares. Thats enough for me. Im trying to make money, not trying to save the world.

 

[professor_frink]

Does it matter?
I mean, seriously.

I dont have a clue about how we dispose of the by-product. I just trade the shares. Thats enough for me. Im trying to make money, not trying to save the world.

Surely you can't be serious. That would have be one of the most idiotic statements I've heard for awhile.

Maybe you should pull your head out of your a$$ and think about what you've just said.

To answer the question- No, obviously it doesn't matter to you. I'm absolutely positive that there are one or two people out there that may have just a tiny bit of concern about how we store something dangerous for the next few hundred years.

Maybe you'd have noticed that if you weren't so concerned with trying to make a few dollars trading speccie shares, which is obviously quite a noble thing to do for the future generations of this planet.

 

[nizar]

Surely you can't be serious. That would have be one of the most idiotic statements I've heard for awhile.

Maybe you should pull your head out of your a$$ and think about what you've just said.

To answer the question- No, obviously it doesn't matter to you. I'm absolutely positive that there are one or two people out there that may have just a tiny bit of concern about how we store something dangerous for the next few hundred years.

Maybe you'd have noticed that if you weren't so concerned with trying to make a few dollars trading speccie shares, which is obviously quite a noble thing to do for the future generations of this planet.

Really.
The most idiotic statement iv heard for a long time is:
All chartists are astrologers

Sound familiar?

Haha im juz playing, juz a bit of fun.
Lets end it here before the moderators step in.

No hard feelings? ok Prof?

 

[chris1983]

Interesting thoughts. Will make this comment my final(Hang Seng is opening soon-time to get busy )

I think the debate about it as an energy source is one that could go on forever with no resolve- only time will tell how much progress we've made in the reliability and safety of Nuclear power.

Living in one of the biggest coal producing areas of the country, and quite close to a somewhat large coal fired plant, I can say with 100% certainty that I wouldn't be living here if it were a nuclear plant

I personally believe we'll fight wars no matter what it's over-oil or no oil. But that's an entire topic on it's own!

Cheers mate

Actually, another final thought for Chris,

If Nuclear power is the green energy of the future, and you seem to believe this to be the case, I gather you wouldn't have any problems with a nuclear waste disposal facility being built in your neighbourhood.

No need to answer, as I'm pretty confident I know how you'd react to that.

Nuclear is the future. Simple. Its clean.

"Uranium can supply clean energy for the world's electricity with less greenhouse effect than any other fuel."

http://www.uic.com.au/ueg.htm

"The world’s 442 operating nuclear plants require 180m pounds of uranium a year, but mines supply only 100m."

Even now demand is killing supply. More nuclear power stations are being built. Thats your problem if you dont buy any uranium stocks..I can tell you one thing. I will be counting very large profits into the future. You have probably read the article below..but just in case you havn't ive added its link.

http://business.timesonline.co.uk/tol/business/industry_sectors/natural_resources/article1433787.ece

 

[Gspot]

So tell me, how do we dispose of the by-product of this "cleaner energy" in a safe and secure manner?

I think it would be great for us West Australians to store it in the dessert and make mega bucks that we could then spend on enviromental/ water problems, as well as enriching what we have in this state. Nows the time!
And for all the anti-nuclearists, (anti-everything)out there that say we will be stuck with this waste for many thousands of years, and a bigger problem?
It will be called space junk within 100 years.
Open your eyes, and look to the future people.

 

[Rafa]

As some of you know,
I have a lot of my capital invested in U stocks, but i am with the Prof here...

Nuclear power is not clean, or green. The payback period in terms of the CO2 emitted to mine U, build power plant, etc is > 20 years for a reactor life of 30-40years.

If foreign countries want to buy our Uranium... they can have it.
As far as Oz goes... no Nuclear power here, thank you very much.

 

[noirua]

As some of you know,
I have a lot of my capital invested in U stocks, but i am with the Prof here...

Nuclear power is not clean, or green. The payback period in terms of the CO2 emitted to mine U, build power plant, etc is > 20 years for a reactor life of 30-40years.

If foreign countries want to buy our Uranium... they can have it.
As far as Oz goes... no Nuclear power here, thank you very much.

Australia already stores waste uranium and much of this is near major cities.

http://www.nuclearfreequeensland.org/pdf/NFQuraniumwastedumps.pdf

 

[chris1983]

As some of you know,
I have a lot of my capital invested in U stocks, but i am with the Prof here...

Nuclear power is not clean, or green. The payback period in terms of the CO2 emitted to mine U, build power plant, etc is > 20 years for a reactor life of 30-40years.

If foreign countries want to buy our Uranium... they can have it.
As far as Oz goes... no Nuclear power here, thank you very much.

Wouldnt there be a payback period to mine any metal?

its clean. Its right there..have a read

"Uranium can supply clean energy for the world's electricity with less greenhouse effect than any other fuel."

http://www.uic.com.au/ueg.htm

 

[Smurf1976]

The level of optimism on this thread is incredible both financially and technically (energy).

Financially, I just read all the posts on this thread and came away thinking "bubble". Yep, U shares only go up. Just like dot.com shares only went up and how buying any mass produced Sydney appartment with no deposit was certain to make you a millionaire by now.

It's a reality that most junior mining ventures fail and uranium is no exception. For that matter, it's harder with uranium than, say, zinc given that the latter is subject to far fewer regulations and public opposition to mining.

As for the technical aspects, I must point out that renewable energy already generates more electricity worldwide than nuclear and this is forecast (by the EIA (US Govt)) to continue.

 

[sydney1963]

Mar.01
5:48 PM ET 4 hours ago
Analysts: Good Time To Buy Stocks Cheaply
Posted By:Greg Levine
John Bollinger chides "fat, dumb and happy" investors for their complacency leading up to Tuesday's market quake -- but says quick thinking can salvage opportunity from the correction.

The president of Bollinger Capital Management appeared on "Closing Bell," where he said investors weren't hedging their portfolios defensively as they should've been -- and that there's "no excuse" for that failing, "given today's tools." However, he believes that the Chinese market drop was merely a "one-off event," which will create only a short-term decline. And he urges investors to "take out their shopping lists" and scoop up all the stocks they'd been coveting when the shares were at higher prices.

Bollinger was joined by Binky Chadha, chief U.S. macro equity strategist at Deutsche Bank. Chadha told CNBC's Maria Bartiromo that his team remains "basically bullish" on U.S. equities, despite the "temporary spike in the VIX [Chicago Board Options Exchange's Volatility Index]." He noted that spikes tend to last a mere two-and-a-half to three weeks. A key piece of data he'll be watching: the U.S.

 

[professor_frink]

Nuclear is the future. Simple. Its clean.

"Uranium can supply clean energy for the world's electricity with less greenhouse effect than any other fuel."

http://www.uic.com.au/ueg.htm

To say that nuclear is clean because it doesn't produce greenhouse gasses is simplifying the matter to the extreme. Is coal a better energy source because it doesn't produce any radioactive waste? Do you see what I'm getting at here?

And do you really think giving me a link to read by the Uranium Information centre is going to address the problems nuclear power has?

"The world’s 442 operating nuclear plants require 180m pounds of uranium a year, but mines supply only 100m."

Even now demand is killing supply. More nuclear power stations are being built. Thats your problem if you dont buy any uranium stocks..I can tell you one thing. I will be counting very large profits into the future. You have probably read the article below..but just in case you havn't ive added its link.

http://business.timesonline.co.uk/tol/business/industry_sectors/natural_resources/article1433787.ece

Good for you that you've made money. Sorry but you don't have to tell me- you've invested in uranium companies-it goes without saying

The potential substantial profits you speak of-sorry but I'm not impressed. I just hope you manage to keep those paper profits when you sell.

I'm sure some will say I'm missing out by not having my money invested in them, but my chosen area within the market is one I'm quite happy with. Being able to generate returns in any kind of market, and being able to do so on a very regular basis, is more important to me than being reliant on the current bullmarket.

The whole point of my first post on this matter was that it would only take one mishap for that supply/demand situation to change quite considerably-and investors in companies that weren't making any profits yet should be careful of. I'm not doubting the current situation in regards to the supply and demand of Uranium- the spot price is going to reflect that somewhat, but thanks for the article, I hadn't read it yet.