Australian (ASX) Stock Market Forum

Uranium stocks

AXT have uranium at Intercept Hill.

Look at them around march when drilling results are coming through.

They're spending $2 million dollars on exploration in first year.

35 million shares on offer, issue price was 20 cents. Oopened 36 cents, now 27 cents.

70% of shareholders are top 20.
 
ENR are drilling in a historical high grade area next to a BHP deposit. Check out their news and have a look. AVO hold a large chunkk of ENR.
Drilling announcements yet to come out, but if positive then I expect this company to rise significantly.
 
Well, the last two days have been interesting- may have shown some indications of which U stocks should come with a parachute attached and those which may have more substance.
AGS, SMM, ENR and URA seem to be holding their ground amongst the red.
Lost my PDN to a 8.50 stop loss.
Picked up some AGS accidentally through a forgotten unfilled order.
 
The last days were quite a rumble: Down - Up...

So: Where are we going, since Australia is changing the law to pro-uranium soon - and the demand will grow and grow...

Anyone believing in a crash to come?

:)
 
That was a joke, right?

There are no information sources and analysts pulling out those numbers...

1.000.000 tons?




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
 
panem said:
That was a joke, right?

There are no information sources and analysts pulling out those numbers...

1.000.000 tons?
No, but some of that is a general assumption. These numbers require references IMO, and no one should ever take at face value anyone's calculations. I would always challenge anyone to look into the details that people provide on this site and attempt to prove people right, or wrong, with facts......including any information I provide. Challenge each other in a reasonable and polite way and we will all be better informed.
 
Asian Leaders Plan Free-Trade Area From India to N.Z.
The Asian leaders also agreed to reduce dependence on conventional fuels such as coal and invest in biofuels and nuclear energy. Each nation said it would adopt a 12-point plan to reduce fossil fuels and invest in so-called green energy to combat climate change.
Could this be the first steps in a move by the Federal government to use its constitutional powers to force the states to allow uranium mining?
 
not sure if this will come out - research from ABN... not totally reliable (eg I think they have left out Nova escrow shares so mkt cap looks a bit low, as does Pepinnini) but gives interesting comparison although as mentioned elsewhere EV/lb is not always the best measure....


Cap. Resource U3O8 Mkt Cap / resource
Company Name US$m (Mlbs) Grade (%) (US$/lb)
Marathon Resourc 74 73.2 0.06% 1
Stellar Resources 14 7.5 0.03% 1.9
Nova Energy 47 19.8 0.06% 2.4
Pepinnini Minerals 49 14.8 0.05% 3.3
Uranex Nl 60 13.2 0.04% 4.5
Contact Resources 21 4.4 0.32% 4.9
Energy Resources 3114 566 0.26% 5.5
Deep Yellow 373 45.8 0.03% 8.1
Summit Resources 490 55.9 0.01% 8.8
Arafura Resources 81 8.7 0.02% 9.3
Omegacorp 130 13.7 0.04% 9.5
Paladin Resources 3394 278.3 0.08% 12.2
Range Resources 48 2.9 0.32% 16.5
Energy Metals 57 3.1 0.33% 18.6
Average 7.6
 
Old man Mc.Cleary might be Irish hey.He will know on Friday if he has claims to Angela/Pamela.I think he needed approval from the mining warden but nevertheless a brazen attempt to jump the internationals. :nono:
 
qqqqq said:
anyone know any uranium stocks

Wasabi Energy Limited (WAS) maybe worth a look. I have started a thread on this stock as I was surprised nobody identified it.....including me.
 

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rockingham178 said:
Wasabi Energy Limited (WAS) maybe worth a look. I have started a thread on this stock as I was surprised nobody identified it.....including me.

i've been following this stock for a while now, its assemblied a nice portfolio of exploration landholdings in the NT, particularly EL24866 and EL24898 (the rum jungle JV)..these i believe are adjacent to CMR's Mt finch U deposit. Woolner dome and alice springs exploration licenses also seem encouraging. i've seen this stock shoot from around 2c when i first noticed to 5.9c on friday. Unfortunately i haven't bought this one as most of my capital is place on BLR atm.
i've tried unsuccessfully to find some info on David Muller, the guy their trying to hire to run Rum Jungle Uranium. Could someone post some info about him, like the companies he's been involved with in the past?
 
sleeper88 said:
i've been following this stock for a while now, its assemblied a nice portfolio of exploration landholdings in the NT, particularly EL24866 and EL24898 (the rum jungle JV)..these i believe are adjacent to CMR's Mt finch U deposit. Woolner dome and alice springs exploration licenses also seem encouraging. i've seen this stock shoot from around 2c when i first noticed to 5.9c on friday. Unfortunately i haven't bought this one as most of my capital is place on BLR atm.
i've tried unsuccessfully to find some info on David Muller, the guy their trying to hire to run Rum Jungle Uranium. Could someone post some info about him, like the companies he's been involved with in the past?

Sleeper88, perhaps you make like to post this on the WAS thread. I too am looking for that information, nothing yet but still trying. I also want to know of the additional U leases he may have that WAS will aquire mentioned in the ann. This is all shaping up very nicely but I just want to make sure.....as far as I can that this is the real deal as it seems
 
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