Uranium stocks

mick2006 · 30 December 2006

with the possible change of heart of the labour state governments it would seem to me that the uranium companies based in Western Australia and Queensland would have the most upside from here, the African based uranium companies have run the hardest so far BMN, URA, UNX etc. But if the mining ban was lifted it would be companies like AEE, NEL, SMM to name a few that would benefit the most as their share prices have been discounted because of the labour 3 mine policy

What do you guys think?

I picked up a stake in AEE last week and would be interested in another ground floor explorer, anyone with a good tip?

bigt · 30 December 2006

I like SIM...great tenements near some very big boys...NT plus other states...look into them...drill results due in Jan..quality management...personally think lots of potential (esp. short term...seems to have lagged recently..since placement at 50c...currently 58c).

Also like Uranex...overseas interest, global tenements...though had a great run recently.

Lb for lb, MTN still excellent value.

Halba · 31 December 2006

uranium is one of the most common element and resources in the world. Planet earth is abundant in economic quantities of U.

It is relatively easy and low cost to mine uranium, especially in 3rd world countries and in former Soviet states. It is easier to mine u relative to any of the base metals, as U commonly occurs at surface. Simple leaching extraction.

Harder to mine in Australia and Canada with the permitting.

Demand for u is 78,000t

supply of uranium is over 1,000,000 tonnes, and with now thousands of explorers this is sure to increase

So definitely a short term bubble which will go eventually

bigt · 31 December 2006

Supply = 1 000 000 tonnes?

Now, I dont have the data at hand, but I'm positive there is a deficit in production compared to requirements...where did you get this info. Halba?

champ2003 · 31 December 2006

Halba said:
uranium is one of the most common element and resources in the world. Planet earth is abundant in economic quantities of U.

It is relatively easy and low cost to mine uranium, especially in 3rd world countries and in former Soviet states. It is easier to mine u relative to any of the base metals, as U commonly occurs at surface. Simple leaching extraction.

Harder to mine in Australia and Canada with the permitting.

Demand for u is 78,000t

supply of uranium is over 1,000,000 tonnes, and with now thousands of explorers this is sure to increase

So definitely a short term bubble which will go eventually

Halba what planet are you on??? There is a massive supply deficit for uranium for the next 10 years at least. I advise to go and do alot more research on this because what you said couldn't be further from the truth.

Good luck with you investment decisions

Cheers!

Champ2003

Wysiwyg · 31 December 2006

champ2003 said:
Halba what planet are you on??? There is a massive supply deficit for uranium for the next 10 years at least. I advise to go and do alot more research on this because what you said couldn't be further from the truth.

Good luck with you investment decisions

Cheers!

Champ2003

Champ matey....Halbas` post is obviously exaggerated and misleading and I suspect was done so to spark comments such as yours.I agree. :brille:

lancer · 1 January 2007

Wysiwyg said:
Champ matey....Halbas` post is obviously exaggerated and misleading and I suspect was done so to spark comments such as yours.I agree. :brille:

Or Halba is not in U and is scared to get in now.

nizar · 1 January 2007

Halba said:
uranium is one of the most common element and resources in the world. Planet earth is abundant in economic quantities of U.

It is relatively easy and low cost to mine uranium, especially in 3rd world countries and in former Soviet states. It is easier to mine u relative to any of the base metals, as U commonly occurs at surface. Simple leaching extraction.

Harder to mine in Australia and Canada with the permitting.

Demand for u is 78,000t

supply of uranium is over 1,000,000 tonnes, and with now thousands of explorers this is sure to increase

So definitely a short term bubble which will go eventually

Looks like somebody has sold some U stocks and is now looking at getting some cheapies. Good effort bro.

juddy · 1 January 2007

"In summary, global uranium requirements are expected to be met by global uranium mine production and secondary supplies over the period to 2015 to reach 98 096 tonnes . However, with secondary supplies expected to decline over the period to 2015, the gap between world uranium production and requirements will fall. Beyond 2015, secondary supplies of uranium are expected to decline further as the US–Russian HEU purchase agreement is not expected to be renewed and supply from a number of other secondary sources falls. Consequently, as global uranium requirements are expected to grow significantly beyond 2015, further increases in uranium mine production will be required to meet that growth."

http://www.abareconomics.com/publications_html/energy/energy_06/uranium.pdf , p50

Morgan · 1 January 2007

Thanks for that link Juddy- a thoroughly interesting read.
Certainly has me considering adding a few more to my U collection.

rederob · 1 January 2007

juddy said:
"In summary, global uranium requirements are expected to be met by global uranium mine production and secondary supplies over the period to 2015 to reach 98 096 tonnes . However, with secondary supplies expected to decline over the period to 2015, the gap between world uranium production and requirements will fall. Beyond 2015, secondary supplies of uranium are expected to decline further as the US–Russian HEU purchase agreement is not expected to be renewed and supply from a number of other secondary sources falls. Consequently, as global uranium requirements are expected to grow significantly beyond 2015, further increases in uranium mine production will be required to meet that growth."

http://www.abareconomics.com/publications_html/energy/energy_06/uranium.pdf , p50

Yes, supply may be met to 2015 with secondary production, but mine production is lagging badly.
And, with long lead times - minimum 5 years to build a nuclear plant once approved - the rush is on to secure output for what is in the pipeline post 2015.
Cameco's flooding problems have thrown a huge spanner in the works.

tech/a · 2 January 2007

Ann posted a comprehensive list of companies with uranium interests.

However stocks like PEN have overseas interests does anyone know where i can get a list of these as well---new listing etc.?

As there is no index for Uranium stocks specifically its my intesntion to make up a composite index from all stocks involved.
any help appreciated.

greggy · 2 January 2007

Halba said:
uranium is one of the most common element and resources in the world. Planet earth is abundant in economic quantities of U.

It is relatively easy and low cost to mine uranium, especially in 3rd world countries and in former Soviet states. It is easier to mine u relative to any of the base metals, as U commonly occurs at surface. Simple leaching extraction.

Harder to mine in Australia and Canada with the permitting.

Demand for u is 78,000t

supply of uranium is over 1,000,000 tonnes, and with now thousands of explorers this is sure to increase

So definitely a short term bubble which will go eventually

Hi Halba,

I though Uranium was in short supply and there will be increased demand in the future. But there again you must be right!!! I better go and sell all my uranium right this minute so you can then go and buy my uranium stocks at bargain prices.
DYOR

Fab · 2 January 2007

Don't do that U stocks are booming today. Maybe sell them tomorrow

greggy · 2 January 2007

Fab said:
Don't do that U stocks are booming today. Maybe sell them tomorrow

Only joking! I'm still a uranium bull.
DYOR

MalteseBull · 2 January 2007

DYL is your safest bet followed by PDN , ENR and TOE

Fab · 2 January 2007

MalteseBull said:
DYL is your safest bet followed by PDN , ENR and TOE

MalteseBull,
Why are PDN and DYL some of the safest U stocks out there ? Not that I disagree but would like to understand your reasoning

nizar · 2 January 2007

Fab said:
MalteseBull,
Why are PDN and DYL some of the safest U stocks out there ? Not that I disagree but would like to understand your reasoning

Maybe because he holds some??

MalteseBull · 2 January 2007

nizar said:
Maybe because he holds some??

yes, not only do I hold them but if you keep tabs of their announcements like substantial buyers you will find that these are very prosperous compared to other small juniours

not only DYL and PDN are close together in Nambia, PDN hold a 3% stake in DYL which i think one day will lead to a takeover

DYOR as they say

nizar · 2 January 2007

MalteseBull said:
yes, not only do I hold them but if you keep tabs of their announcements like substantial buyers you will find that these are very prosperous compared to other small juniours

not only DYL and PDN are close together in Nambia, PDN hold a 3% stake in DYL which i think one day will lead to a takeover

DYOR as they say

You need a bit more than 3% for a takeover!

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