Looking for good uranium stocks

sleeper88 said:

so guys wats ur outlook on these uranium stocks particularly PDN, SMM, MTN, AGS etc

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PDN is a winner regardless.
SMM highly dependant on a change on nuclear policy. In april it will either double on positive news or go back down to <$1. Depends on your views whether the policy will change. But these are have all the neccessary infrastructure in place, 77million lb resource, cash costs of mining at us$8.10/lb.

Another aussies u stock i like is EME, 50mil market cap is a joke for what they have, located in NT as well state government encourages U mining.

MTN and AGS im unfamiliar with.

nizar said:

brother or in a general market correction
PDN went from $5.50 to $3.30 in May when URANIUM WAS STILL GOING UP!!

ANd guess what - last year PDN went from $2.50 to $1.55 in October... 38% loss when the general market lost only 8%, and uranium was going up back then as welL!

These stocks can still go down regardless of fundamentals, the market can stay irrational longer than u can stay solvent, my friend.

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i think the reason why it went down is because it went up too much maybe i.e speculation?

thx

MS

michael_selway said:

i think the reason why it went down is because it went up too much maybe i.e speculation?

thx

MS

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Maybe so, but this stock is a winner, and single digits will not be with us for long.

sleeper88 said:

so guys wats ur outlook on these uranium stocks particularly PDN, SMM, MTN, AGS etc

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My understanding is that PDN is becoming a well-known uranium stock internationally, from Australia to America, from Europe to Africa. Everyone is talking about it, like it. It is a good thing and a bad thing too. The good thing is it will be on the institutions' buying list, on the top of the list. The bed thing is "well-known". You know the "contrarian" theory. So you will see the short term share price will remain in trading range. Afterall, I like it because of the managment team. And I believe the company will make a lot of take overs. We need to guess the next targets to make money indirctly. Good take-over activity is the key to the PDN's share price.

MTN is a dirty cheap uranium stock by any standard. I don't understand, the management don't understand. Mr market seems knowing something no one knows. I believe within 3 to 4 months we will found it out, and I believe the upside of risk/reward is huge. The management team is reasonable and. They want to do thing slowly and surely, and do not want to move too fast.

I have no feeling about SMM. I don't know why. I don't want to know. I just hold some of the stocks without caring about the price movement. I believe the downside is very limited unless the labour party still keep the stupid policies. SMM could be a good target for PDN, if PDN/SMM price ratio imporved.

AGS is not a pure uranium play. The Arkaroola project is wanderful. The only problem is AGS can only have 25% of it. We need to know the estimated resource. I have no time to do it, or find it. Anyone knows? Similar uranium play is AGC, with 57% holding in NEL. There are another similar one HAV which hold 50% something of CUY. But I am not comfortable about the CUY's management team, too close to HAV. It looks like it wants to play the uranium story and create a new yardstcik meter% of uranium grade, which is highly misleading. For example if the find 100m deep of 0.01% U3O8, it said it has 1 meter%. We know that 1 meter deep of 1% U3O8 is also 1 meter%. You know they are not the same, not even close!! Even with ISL process.

There are a couple of ones I think worth to do the further research, such as PNN, MRO, UEQ, UNX, OMC, and CMR. I believe the next new uranium mine will be CMR!

FOUND A VERY GOOD FREE REPORT @ rcresearch.com.au. WHAT DO YOU THINK OF UXA, UNX & ERA. GOOD READING.

nizar said:

brother or in a general market correction
PDN went from $5.50 to $3.30 in May when URANIUM WAS STILL GOING UP!!

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My point exactly the whole market was in decline incuding the uranium stocks. Doesn't matter what the uranium price is doing.

nizar said:

ANd guess what - last year PDN went from $2.50 to $1.55 in October... 38% loss when the general market lost only 8%, and uranium was going up back then as welL!

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There are always exceptions. Still it followed market direction just the response was amplified. Would it have dropped if the market didn't?

nizar said:

These stocks can still go down regardless of fundamentals, the market can stay irrational longer than u can stay solvent, my friend.

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Very true but in the current climate i can't see uranium stocks going into serious downtrends unless the fundementals change or the market corrects.

I'm into GBE (GLobe Uranium) recently but there r so many too choose from, who's serious & who's not? Also Uraniums been a raging bull for quite a while.
I like GBE because it's not dependant on Australian politics Malawi & Argentina, it's Malawi site is near Paladins Kayelakera project & drill results are due in next month or so.

Good news, another uranium share reach all time high: MRO!

New all time high for SMM, PDN and ERA! People are getting crazy!

Thks for the great info. Perhaps ERA is what I am looking for. Hard to navigate ERA's site. Can not figure out how many shares are out there. Has warrants and Rio Tinto owns 68.4% of ERA.
I contribute the following.
http://www.nationalminesatlas.gov.au/TOC.jsp

what does everyone think of PEN's uranium prospects in south africa. Got potential for big gains, looks very spec though.

Buzz007 said:

Thks for the great info. Perhaps ERA is what I am looking for. Hard to navigate ERA's site. Can not figure out how many shares are out there. Has warrants and Rio Tinto owns 68.4% of ERA.
I contribute the following.
http://www.nationalminesatlas.gov.au/TOC.jsp

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Mate, I hold ERA, and I do believe it is a great play, but jeez, it went down 5% yesterday, and it seems for no reason. Sure the daily MACD is dumping, and it has broken an upward trendline, but 5%?..... That's a huge dump, and to be honest I am a little perplexed No news, or bad reports, just don't get it? By the way I bought more, but still not sure.... Read the ERA post, there is some good info there. I think one of the guys on this forum said they called the company and that they were hedged for a couple of years or so, from memory. Think it is a great pure play though as they actually have a market sales. Not sure of the implications of RIO owning 68%, maybe it's better to own RIO, although IMO ERA will grow quicker than RIO.

Gundini said:

Mate, I hold ERA, and I do believe it is a great play, but jeez, it went down 5% yesterday, and it seems for no reason.

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Mate, it went down along with PDN due to the Yanks releasing uranium from their stockpile.

It was posted on dow jones newswires the article was posted on this site try to PDN thread.

nizar said:

Mate, it went down along with PDN due to the Yanks releasing uranium from their stockpile.

It was posted on dow jones newswires the article was posted on this site try to PDN thread.

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Thanks nizar, you have to have eyes in the back of your head in this game Ill be more alert next time, cheers...

Have a look at the configuration of the last drilling results of ERA. There are a couple of interesting results some distance from the existing (mature) mine. The key will be what's in between these promising points and the existing mine. Is the most favourable scenario that there could effectively be another mine adjacent to the existing one?

Check out ENR. AVO has a major interest in them, I think 25%. AVO has been given excellent reviews by many stockbrokers and fund managers for 2007. ENR is also still very small, market cap around 15m, plenty of growth potential and they are drilling around very well known uranium areas and announcement is pending.

Check out WMT's partner. 7640km² under licence with samples upto 55,000ppm = 5%. Drilling starting ASAP. mkt cap very small !!

pdn , era , bhp seem to be the big obvious choice.

so, what are the predictions for what will happen should Rudd convince his ALP brethren to change tack on the uranium front and allow mines in Qld and WA?

Clear stand out stocks for me:
WME
BLR
DYL
I can only see upsides for all three and thats not only in the long run but in the next couple weeks expect solid gains.
Good Luck.