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Uranium, a Raging Bull

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kennas said:
LOL.

There are plenty who have however. Get on the Uphoric train.
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I believe it takes about 5 years to fully develop a Uranium Mine. I'm only on one small carriage of a train and no uranium as yet.
 

The uranium is sitting just below the surface covered by a barren layer of between an inch or two to about three feet of dirt. You could dig the stuff out with a shovel!!!. AEE quotes operating costs for several Namibian mines that have 148 - 230 ppm as their average pay and also Nova's WA deposit nearby the AEE property. Have a look at what happened to Nova to see what can happen here. AEE quotes operating costs up to about US$25 tonne. So assuming an average grade of half / three quarters a pound that results in a very healthy surplus at US$72 pound for U. Especially if you are processing several million tonnes per year.
 
YOUNG_TRADER said:
Can anyone confirm this massive price jump in the U-Spot price?
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Are you kidding, right?

Just in case,


free info from TradeTech: http://www.uranium.info/, could be as early as every Sat morning or as later as every Tue Morning (Syd time)

The free info from UxC is on every Wed morning (Syd time).

http://www.uxc.com/

But, Julie Ickes always one step ahead. Obviously she is not bad looking.
http://www.stockinterview.com/
 


Bit of profit taking going on after yeasterday's party.



Maybe a buying opportunity?

 
I'm not sure when these Australian U companies are going to get overpriced, but one things for certain there is going to be some consolidation in the market.

Anyone got any tips?

My best bet would be PDN and SMM.
I think Heathgate will take AGS and sell off the gold.

Will 2007 Offer Consolidation For Australia's Uranium Sector?
FN Arena News - December 20 2006

By Rudi Filapek-Vandyck

Uranium market enthusiasts and investors are likely to take comfort from the fact that TradeTech's spot price jump of more than 10% to US$72/lb on Friday has now been confirmed by Ux Consulting, who similar to TradeTech, publishes a weekly U3O8 spot price.

Ux Consulting has come with the same assessment as TradeTech during the past week, putting the updated spot price at US$72/lb, up US$6.50 from the previous week.

The news has not escaped commodity analysts at ABN Amro who report this morning they "believe a change in policy would lead to a re-rating of the Australian uranium explorers and potentially to further consolidation of the sector". Investors willing to take a punt should focus on explorers with advanced projects as they will be in the best position to take benefit from a potential change in policy, the broker believes.

FNArena News received verbal confirmation this week that the top of the Labor party is confident the party will change its policy on uranium production and exports in April. This increases the odds for a feeding frenzy and renewed enthusiasm within the local uranium exploration community from the second quarter of 2007 onwards.

As pointed out by ABN Amro, the current Labor Environment Minister, Peter Garrett, opposes the change, but he has already said he will abide by whatever the national conference decides.
 
Hi Kennas,

Interesting article. I feel that the feeding frenzy is already taking place in anticipation of Labor changing its policy. If they don't change their policy Labor will continue to remain in the political wilderness.
DYOR
 
greggy said:
Hi Kennas,

Interesting article. I feel that the feeding frenzy is already taking place in anticipation of Labor changing its policy. If they don't change their policy Labor will continue to remain in the political wilderness.
DYOR
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The bit I really like is

ABN Amro who report this morning they "believe a change in policy would lead to a re-rating of the Australian uranium explorers and potentially to further consolidation of the sector".

The analysts don't believe that companys are rated with the change in policy yet. There must be more upside to come.

I'm not one to ever really stick my neck out, and I'm hesitant to do it here, but I just think that it has been ever so blindingly obvious that Australian U explorers were/are going to absolutely rocket with a change in policy and that now seems inevitable. Peter G would have to take over Labor now for there to be any going back. Any short term consolidation/correction must be a buying opportunity, unless the overall market crashes, in which case no one will be saved. Except maybe gold.
 
The frenzy has already begun and there is a lot more to come.
 

Certainly like the ABN Amro bit... but the way companies are going with their recent announcements (sell on fact), i am will to stick my head out and say the day labor drops the policy, the u stocks will fall 10 %.

Gotta love the market!
 
Rafa said:
Certainly like the ABN Amro bit... but the way companies are going with their recent announcements (sell on fact), i am will to stick my head out and say the day labor drops the policy, the u stocks will fall 10 %.

Gotta love the market!
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LOL, I'm with you.

SMM are supposed to be coming out with a few JORC before the end of the year (maybe tomorrow) and I have a feeling they will do a BMN.
 
Rafa said:
Certainly like the ABN Amro bit... but the way companies are going with their recent announcements (sell on fact), i am will to stick my head out and say the day labor drops the policy, the u stocks will fall 10 %.

Gotta love the market!
Click to expand...
I agree. The day Labor changes its policy, the day the uranium sector will suffer a big correction. Meanwhile the uranium sector will continue to boom. These are just my thoughts.
DYOR
 
Don't forget the Canadians are always look over us. The took a lot of our companies, and properties. I cannot recall any Aussie company has a uranium project in Canada. If you can find one, I will buy its share.
 
The following is from Dines Letter published by James Dines, about us Aussies, I quote:
----------------------------------------
"Australia’s uranium investors, deceived by their own government into thinking that nuclear power was an idea whose time had come and gone, made the remarkable error of selling out way too cheaply. Their mind set, born in the
amniotic fluid of a 20-year bear market for uranium, and convinced by their own government that uranium would never be allowed to be mined, sold their properties for pennies.....

......Australians will wind up repurchasing many of those properties in the future.

......and we fully understand how an Australian, having been through a horrendous bear market, would be thrilled to see a stock go from $1 to $2, figuring a doubling was certainly a bird in hand being better than two in the bush. But our leadership took a very different tack, and recommended paying double, triple or even higher in order to acquire the properties that we were convinced were destined to go far, far above such levels – which has come true, perhaps a lucky guess."
-----------------------------------------------

Any comments?
 
I am a little late in joining the Uranium party but it seems to me that the U shares are going a little ballistic at the moment,probably due to the recent increase in the price of U.Is U the new Zinc.Any Uranium IPOs that may be worth looking at.Am considering Empire Resources at the mo,any more getting on this one or any others
 
alankew,

Put thr / thro in your watchlist. NT Uranium explorer hanging around it's ipo price. Has been soewhat overlooked by the market. It will have it's time in the spotlight...

+ USA might be option as well. They are offering all shareholders free attached options excersible form memory at 20c. Not a bad incentive to buy.
 
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