228 replies to this topic

[G0ldfinger]

I had dinner this evening with a friend visiting HK for two days.

He's a senior guy in one of the larger Uranium exploration companies.

His view is that there is no supply crunch coming in the next two years.  But sometime after that, in 3-5 years time, there is likely to be a big supply squeeze as utilities with new projects underway start competing with each other to lock-in long term supply.

If the squeeze comes earlier, he thinks it will be due to "security issues", as buyers in places like Japan or Korea decide that they do not want to be too dependent on countries like the US (which may impose export restrictions, or "higher risk countries" like Kazakhstan, or South Africa.

Interesting points.

[G0ldfinger]

Maybe we should merge these two threads?

Uranium: Price is booming, the hot stocks in a hot area
http://www.greenenergyinvestors.com/index.php?showtopic=16

Uranium and other Energy stock ideas, If you like Gold only, then please stay away
http://www.greenenergyinvestors.com/index.php?showtopic=8315

[G0ldfinger]

Maybe we should merge these two threads?

Uranium: Price is booming, the hot stocks in a hot area
http://www.greenenergyinvestors.com/index.php?showtopic=16

Uranium and other Energy stock ideas, If you like Gold only, then please stay away
http://www.greenenergyinvestors.com/index.php?showtopic=8315

[littledavesab]

Maybe we should merge these two threads?

GOOD IDEA

[onlyfoolsandhorses]

My new investments have got hit badly so far, just my luck, still if can't stand the heat!

[Odd Job]

My new investments have got hit badly so far, just my luck, still if can't stand the heat!

Which Uranium stocks have you bought into?

[onlyfoolsandhorses]

USU, UEC, URG, URZ, DNN, URRE, A9Y and CCJ. Plus URA ETF why?

[Odd Job]

Uranium up 2.6% to $68.75, but most Uranium stocks heading down today.
Source: http://www.bloomberg.com/apps/quote?ticker=MFURMDUR:IND

Estimates I read at the end of 2010 predicted a max Uranium price of $70 for 2011.. Looks like this may be broken in January!

[Odd Job]

USU, UEC, URG, URZ, DNN, URRE, A9Y and CCJ. Plus URA ETF why?

I was just looking for some perspective on your post - apologies for missing your earlier post where you mentioned these.. If I recall correctly, the past week was good for most, if not all of these stocks!

I like Denison even though I don't own the stock. It has a good quality resource. It'll be worth a lot more in 3 years..

[onlyfoolsandhorses]

Stock update. URZ and A9Y (uranium one) are roaring away, whilst the others are back on the purchase price. I definately brought at the short term top. New year hit this sector bad. It was always a 2-3 year punt anyway.

[riggerbeautz]

Bought some FTE as they dipped below recent placing price yesterday. In fact have fallen back a good distance from recent highs. Managed to grab 2 lots sub 7p. Now have funds in place to prove up Jorc resource later this year. Discount was only 10% off the share price at the time of fund raising.

http://www.forteenergy.com.au/

Opted for these as can be held in an ISA

[onlyfoolsandhorses]

Just sold virtually all my uranium stocks for obvious reasons. Might invest in coal now........They had not performed really and it was a ot of money for me and I could not just let it ride. Really thought I will try some junior PM miners instead.

[riggerbeautz]

riggerbeautz, on 25 February 2011 - 05:59 AM, said:

Bought some FTE as they dipped below recent placing price yesterday. In fact have fallen back a good distance from recent highs. Managed to grab 2 lots sub 7p. Now have funds in place to prove up Jorc resource later this year. Discount was only 10% off the share price at the time of fund raising.

<a href="http://www.forteenergy.com.au/" target="_blank">http://www.forteener...rgy.com.au/</a>

Opted for these as can be held in an ISA

Thought FTE were going well, had managed to bank half as a cushion against a fall back, just as well since the slide the last 2 days wiped me out on the rest, (Closed at 6.7p on Fri).

Also think time to leave Uranium stocks alone for awhile.

[Odd Job]

I'm starting to salivate at the sight of Uranium producer prices now. UUU at 1.94, Cameco at $18....  

Still waiting for an entry point.

[riggerbeautz]

Odd Job, on 04 October 2011 - 12:46 PM, said:

I'm starting to salivate at the sight of Uranium producer prices now. UUU at 1.94, Cameco at $18....  

Still waiting for an entry point.

Always the trouble waiting for an entry point. Did the same watching GF's HAT tip, smart move that one. Still waiting with slight look of envy.

Keep looking at this sector.

[riggerbeautz]

riggerbeautz, on 13 March 2011 - 08:59 AM, said:

Thought FTE were going well, had managed to bank half as a cushion against a fall back, just as well since the slide the last 2 days wiped me out on the rest, (Closed at 6.7p on Fri).

Hmm FTE news. Someone doesn't know how to keep secrets me thinks. Lets see 2.1p a mere 2 trading days back last week, closing at 3p friday; to release this and peak around 3.4's on the bid today.  

Forte Energy (ASX: FTE) has received initial assays from a recent 10,000 metre reverse circulation drilling program at the A238 Prospect in Mauritania which confirm mineralised extensions to the northwest of the prospect and at depth below the existing uranium Resource.

http://www.proactive...ania-24430.html

One to look out for on volume and further mini spikes  

[G0ldfinger]

U308 (which I hold) has doubled recently. But they'd have to double again just to get where they were 1 year ago.

[G0ldfinger]

I'll move this to main for a while since it is MAJOR news out of the U.S.: first new nuclear power plant permit in 33 years!

http://www.bloomberg...eighs-plan.html

Quote

NRC Approves Southern’s Nuclear-Plant Construction Permit, First Since ’78
...
“We’ve been talking about a nuclear renaissance for years now and this is the first tangible sign that we are going to proceed in a meaningful way,” said Johnson, who is also chairman of the Nuclear Energy Institute, a trade organization.

Also: Cameco Seeing ‘Strong’ Growth in China, Chief Executive Says
http://www.bloomberg...utive-says.html

[John Doe]

G0ldfinger, on 09 February 2012 - 07:58 PM, said:

I'll move this to main for a while since it is MAJOR news out of the U.S.: first new nuclear power plant permit in 33 years!

http://www.bloomberg...eighs-plan.html

Also: Cameco Seeing ‘Strong’ Growth in China, Chief Executive Says
http://www.bloomberg...utive-says.html

If the world is serious about future energy provision, assuming they are really worried by global warming (whether it is man-made or not) or, more likely perhaps, peak oil etc, then, for the moment, fission is the only realistic choice.

As such, the number of countries that will end up doing the same will, likely, increase.

[riggerbeautz]

G0ldfinger, on 31 January 2012 - 07:57 PM, said:

U308 (which I hold) has doubled recently. But they'd have to double again just to get where they were 1 year ago.

You might be interested in this if you missed it on Bubb's thread, sorry don't know how to link MP3

Quote

Dr. Keith Barron on Junior Take-Out Candidates, Gold, Numismatic Coins and Uranium

Keith Barron also discusses global inflation and what hyperinflation actually looks like

MP3:

Jim welcomes back famed geologist Dr. Keith Barron for a wide-ranging discussion this week. Keith discusses junior take-out candidates, why gold is going over $2,000 oz., what you need to know about numismatic coins and why they are appreciating so much, as well as why you should own uranium stocks in your portfolio

http://www.greenener...ndpost&p=241265