Jump to content
drbubb

Uranium: Price is booming

Recommended Posts

Top-10 Best/Worst Performing Canadian Uranium Stocks in 2006, Part 1

Tuesday, November 7, 2006

By Sean Mason

 

With the price of uranium rising about 66% this year, it would seem to be a no-brainer for any uranium company to have made money for its shareholders. In reality, some stocks have been stellar performers in 2006 while others are destined for a tax deduction.

 

StockHouse has assembled a list of the best and worst performing Canadian uranium stocks in 2006, and although it's extensive there may have been some unintentional omissions. These stocks might be pure uranium plays or mining/exploration companies that own or have options on uranium properties along with other metals/minerals.

 

In Part 1, we look at stocks that trade on either the TSX or TSX Venture exchange with the symbols beginning with A to F. The percentage increase/decrease is based on the closing price on November 2.

 

Best Performing Canadian Uranium Stocks (Symbols Starting With A to F)

1. Energy Fuels (TSX: V.EFR, BullBoards) + 2300%

2. Bluerock Resources (TSX: V.BRD, BullBoards) + 322%

3. Cash Minerals (TSX: V.CHX, BullBoards) + 297%

4. Red Dragon Resources (TSX: V.DRA, BullBoards) + 256%

5. Firestone Ventures (TSX: V.FV, BullBoards) + 229%

6. Aurora Energy Resources (TSX: T.AXU, BullBoards) + 225%

7. Forsys Metals (TSX: T.FSY, BullBoards) + 223%

8. Eloro Resources (TSX: V.ELO, BullBoards) + 203%

9. Alberta Star Development (TSX: V.ASX, BullBoards) + 184%

10. Crosshair Exploration and Mining (TSX: V.CXX, BullBoards) + 174%

 

Worst Performing Canadian Uranium Stocks (Symbols Starting With A to F)

1. East Asia Minerals (TSX: V.EAS, BullBoards) - 48%

2. East West Resource (TSX: V.EWR, BullBoards) - 35%

3. Cooper Minerals (TSX: V.CQ, BullBoards) - 25%

4. ESO Uranium (TSX: V.ESO, BullBoards) - 23%

5. Adriana Resources (TSX: V.ADI, BullBoards) - 19%

6. Erdene Gold (TSX: T.ERD, BullBoards) - 13%

7. Diamonds North Resources (TSX: V.DDN, BullBoards) - 7%

8. Formation Capital (TSX: T.FCO, BullBoards) - 6%

9. Benton Resources (TSX: V.BTC, BullBoards) 0%

10. Freewest Resources (TSX: V.FWR , BullBoards) 0%

 

sourec: http://www.stockhouse.com/shfn/article.asp?edtid=18943

Share this post


Link to post
Share on other sites

= = = = =

 

Sometimes ideas borrowed from Stockhouse threads are worth checking out.

Maybe this one too...

 

SUBJECT: three junior uranium play that you may want to Posted By: dread dogs

Post Time: 1/1/2007 10:02

 

keep an eye on....do you own dd.

v.sfr

v.bea

v.imt

Share this post


Link to post
Share on other sites
You all have to remember that there are both large secondary supplies of uranium held by the Russians and the Americans as well as significant stockpiles of so-called "waste" from which MOX can be obained. Secondary supplies are classified information. And this is the most regulated energy market that has ever existed.

 

You are all engaging in a speculative binge. Not only that, but you are speculating on a fuel that takes even less time to bring to "market" than the new power plants that will burn the fuel in their cores. Once secondary supplies are actually used and MOX is fabricated from waste the bottleneck in the nuclear fuel cycle will be at the enrichment stage. But, as they say, make hay while the sun shines!

 

http://uic.greenbanana.com.au/search.php?q...ox&search=1

MOX fuel is made from reprocessing spent uranium fuel.

There are two operating plants in the World, another almost finished in Japan.

Their order books are full for years in advance.

The Thorp plant at Sellafield in the UK has been shutdown for safety reasons for over 12 months.

 

You want more capacity?

How long do you think it takes firstly politicians to agree to a reprocessing plant - OK under pressure that could be quick but dont count on it.

Then to build and train the engineers - 10 years minimum.

Japan have also taken years to commission theirs.

 

Utilities wont invest in new plants at $2Bn each unless the fuel supply is secure.

The U price is soaring because the utilities are securing the raw uranium before announcing plans to build more reactors.

Share this post


Link to post
Share on other sites

There was certainly some profit taking from Uramin on Thurs as soon as it hit the psycological £2.00 barrier, but it did start the week off at £1.47 ;)

More drilling results to come at the end of this month.

But the big news is in February from submerged cigar lake mine.

The outcome of that should decide U prices for the rest of this year.

 

Its interesting that the Galahad Gold stocks havent moved much considering the companies they hold shares in have shot up.

They seem seriously undervalued or am i missing something?

Share this post


Link to post
Share on other sites

Some of the U-stocks got it hard yesterday.

 

This may be the start of the correction that I have been looking for.

 

But I will wait a couple of weeks before putting the score at: Bubb-1 , Dines-0

Share this post


Link to post
Share on other sites
Some of the U-stocks got it hard yesterday.

 

This may be the start of the correction that I have been looking for.

 

But I will wait a couple of weeks before putting the score at: Bubb-1 , Dines-0

Given the recent gains i think they are holding up quite well.

Im heavy on UMN and UUU / SXR which are doing as well as BHP and RIO.

 

If dines bought as heavily and early as he said i think your are still at least a goal behind but catching up!!

 

Uranium is an interesting commodity (or precious metal given the current prices).

The demand for it is also immune to GDP and current economic conditions.

If growth in China slows they may hold up better than other mining stocks, its a bit too early to tell since the selling is pretty indiscriminate at the moment.

Share this post


Link to post
Share on other sites

Many U stocks got hit hard in the sell-off but they bounced back strongly last week (UMN gained 30%, PDN 16%, SXR 5%)

 

Having a look at these dramatic pictures it could be another good week for uranium stock -> http://www.stockinterview.com/News/0309200...looded-ERA.html

 

A few more % of future global capacity underwater.

Uranium price now at $90

http://www.stockinterview.com/News/0311200...-Price-ERA.html

Share this post


Link to post
Share on other sites

Another big week for uranium stocks with many now at all time highs.

All mine are up over 10% even in the short trading week.

Current U price is $95.

I think its now a question of when, not if, it goes above $100.

Is it only me on here holding U stocks ?

Share this post


Link to post
Share on other sites

Price is now in triple digits :rolleyes:

 

"The shot heard around the uranium world comes from Corpus Christi, Texas. A modest lot of 100 thousand pounds U3O8, offered by tiny privately owned Texas-based Mestena Uranium LLC, drove bidders to establish a new record spot uranium price. “The spot uranium price rose dramatically this week, jumping $18 to $113/pound U3O8, following the results of the sealed-bid auction,” according to Nuclear Market Review (NMR) editor Treva Klingbiel. “This is the largest single increase since uranium prices were first reported.” The spot uranium price jumped by nearly 19 percent this past week.

 

Since the beginning of the year, the spot uranium price has risen by 57 percent. By comparison, nickel has only increased by about 35 percent year to date. Nickel leads all metals traded on the London Metal Exchange (LME). In January 2001, spot uranium could be purchased for as little as US$6.40. Since then, yellowcake, industry slang for the processed nuclear fuel, has jumped by more than 1700 percent! According to Gene Clark, chief executive of TradeTech, which publishes Nuclear Market Review, “We are about $2 short of the all-time high in inflation-adjusted dollars.”

 

Bidders hoping to purchase the Mestena uranium came from all market groups, according to NMR. Uranium producers, traders, investors and utilities bid for the 100 thousand pound lot. Klingbiel gave three reasons for the aggressive bidding: ERA’s recent mine flooding, continued interest from speculators and utilities seeking significant quantities for near-term delivery. New demand from a U.S. utility also emerged in the long-term uranium market this week. The long-term uranium price remains unchanged at US$85/pound. TradeTech posts the weekly spot and long-term uranium price on the consulting service’s website at www.uranium.info. http://www.stockinterview.com/News/0407200...dred.html"

Share this post


Link to post
Share on other sites
Price is now in triple digits :rolleyes:

 

"The shot heard around the uranium world comes from Corpus Christi, Texas. A modest lot of 100 thousand pounds U3O8, offered by tiny privately owned Texas-based Mestena Uranium LLC, drove bidders to establish a new record spot uranium price. “The spot uranium price rose dramatically this week, jumping $18 to $113/pound U3O8, following the results of the sealed-bid auction,” according to Nuclear Market Review (NMR) editor Treva Klingbiel. “This is the largest single increase since uranium prices were first reported.” The spot uranium price jumped by nearly 19 percent this past week.

 

Since the beginning of the year, the spot uranium price has risen by 57 percent. By comparison, nickel has only increased by about 35 percent year to date. Nickel leads all metals traded on the London Metal Exchange (LME). In January 2001, spot uranium could be purchased for as little as US$6.40. Since then, yellowcake, industry slang for the processed nuclear fuel, has jumped by more than 1700 percent! According to Gene Clark, chief executive of TradeTech, which publishes Nuclear Market Review, “We are about $2 short of the all-time high in inflation-adjusted dollars.”

 

Bidders hoping to purchase the Mestena uranium came from all market groups, according to NMR. Uranium producers, traders, investors and utilities bid for the 100 thousand pound lot. Klingbiel gave three reasons for the aggressive bidding: ERA’s recent mine flooding, continued interest from speculators and utilities seeking significant quantities for near-term delivery. New demand from a U.S. utility also emerged in the long-term uranium market this week. The long-term uranium price remains unchanged at US$85/pound. TradeTech posts the weekly spot and long-term uranium price on the consulting service’s website at www.uranium.info. http://www.stockinterview.com/News/0407200...dred.html"

 

Anyone here own Mega Uranium (CA:MGA)? Popped bigtime yesterday?? Looking for comments on this as its my largest holding and I want to sell into this, what looks like, pending buying frenzy

Share this post


Link to post
Share on other sites
Anyone here own Mega Uranium (CA:MGA)? Popped bigtime yesterday?? Looking for comments on this as its my largest holding and I want to sell into this, what looks like, pending buying frenzy

Many U stocks have been hot the past week as the supply shortage from flooding two major mines becomes apparent and the price shoots through $100.

 

For specific info on the price jump id check out the Stockhouse forum e.g. http://www.stockhouse.com/blogs.asp?page=v...mp;postID=16040

 

To gain the most out of U price movements im holding near term producers which can take advantage of the current prices (UMN and SXR/UUU).

It should be a good time for any company which has proven and uncontracted reserves of U.

 

CCO.TO is moving again but for me it has too many long term contracts at low prices. As more money comes into this area it could move higher as it is probably the least risky Uranium stock.

 

I bought U stocks heavily last year and have been taking profits since then. I would buy again if there is a general market correction.

Share this post


Link to post
Share on other sites

Big news from Australia:

 

The Australian Labor Party has just overturned their '3 mines' policy on uranium mining on a federal level. This is important because Labor are in control of state governments, which have upheld this on a state level for the last 25 years. The states which will benefit from this the most are South Australia (whose premier is very pro uranium mining) and Northern Territory (which is not strictly a state, as it is controlled by the pro-uranium the federal government). Western Australia and Queensland both have premiers who remain negative towards it.

Share this post


Link to post
Share on other sites
Big news from Australia:

 

The Australian Labor Party has just overturned their '3 mines' policy on uranium mining on a federal level. This is important because Labor are in control of state governments, which have upheld this on a state level for the last 25 years. The states which will benefit from this the most are South Australia (whose premier is very pro uranium mining) and Northern Territory (which is not strictly a state, as it is controlled by the pro-uranium the federal government). Western Australia and Queensland both have premiers who remain negative towards it.

 

Looks good for SXR/UUU when the market next opens.

Someone in the know must have placed these big orders just before the bell.

http://www.stockhouse.com/comp_info.asp?dr...bmit=Draw+Chart

Share this post


Link to post
Share on other sites

Some suggestions from Money Morning which might be worth further investigation.

 

The big pure play is Toronto-listed Cameco (CCO), the world’s largest producer, with four operating mines in Canada and the US, major ventures also in Canada and in Kazakhstan, and even a stake in nuclear power generation.

 

It has enormous high-grade ore deposits and managerial/technical expertise, and Sprott Securities is forecasting earnings per share to triple, to $3.15, over the next couple of years. It offers good upside potential at lower risk than most other options. It’s RBC Capital Markets’ “top pick” uranium stock.

 

Other mining companies deserving consideration include:

 

► Denison Mines (DML, Toronto), with a seasoned management team, production in North America and a large portfolio of exploration prospects. It plans to ramp up its output five-fold over the next four years and is Sprott Securities’ “top pick.”

 

► Paladin Resources (PDN, Sydney) has started production at its Langer Heinrich mine in Namibia and has an equally substantial prospect, Kayelekera, in Malawi. Soaring profits should raise its earnings-per-share ratio to 15 times (the same as projected Cameco levels) in a couple of years.

 

► Uranium One (UUU, Toronto) is a newly-formed combine with actual or incipient production in Kazakhstan, South Africa and Australia. Ambitious development plans could ramp its output to 12 million pounds a year (the same target as Paladin’s) in five years’ time.

 

► Uramin (UMN, AIM London) expects its Trekkopje open-cast mine in Namibia to come into production next year and has other African interests.

 

► Energy Metals (EMC, Toronto) is perhaps the most interesting speculative stock, with a large portfolio of ore deposits in the US. It expects to start production next year.

 

Justin Reid, analyst at Sprott Securities, suggests that “US-focused companies with solid assets” that have started the process to get operating permits and are “backed by good operating teams” could be takeover targets.

 

Other interesting investment possibilities include:

 

► Geiger Counter (GCL, London), a new fund with a diversified spread of about 50 holdings in physical metal and the shares of producers, developers, explorers and service providers.

 

► There are several other funds that only invest in uranium itself, such as Uranium Participation Corp. (U, Toronto), and Nufcor Uranium (NU., AIM London). They tend to trade at high premiums on net asset value.

 

► Areva (CEI, Paris) is the world’s biggest nuclear engineering group. It mines uranium, designs and builds power stations, makes fuel rods and processes nuclear waste. Although 95 per cent owned by the French government, the remaining 5 per cent is in listed non-voting shares.

 

http://www.moneyweek.com/file/28936/eleven...ree-energy.html

Share this post


Link to post
Share on other sites
Big news from Australia:

 

The Australian Labor Party has just overturned their '3 mines' policy on uranium mining on a federal level. This is important because Labor are in control of state governments, which have upheld this on a state level for the last 25 years. The states which will benefit from this the most are South Australia (whose premier is very pro uranium mining) and Northern Territory (which is not strictly a state, as it is controlled by the pro-uranium the federal government). Western Australia and Queensland both have premiers who remain negative towards it.

 

Boom times?

 

"Australia's uranium industry is preparing for boom times ahead, particularly since the Labor Party's weekend move to abolish its no new mines policy.

 

Uranium mining companies are pushing ahead with applications for licences that once lay dormant.

 

In South Australian alone the Government is fast-tracking 100 exploration licences in the wake of the ALP's policy change."

 

http://www.abc.net.au/pm/content/2007/s1911650.htm

Share this post


Link to post
Share on other sites
Well the market has opened.

Jan 08 at $151.

 

no real volume. looks like a ramp job to me

 

spot firm:

price-graph.gif

Share this post


Link to post
Share on other sites

Uranium May Rise to $250 a Pound Next Year, SXR Says

 

http://www.bloomberg.com/apps/news?pid=206...mp;refer=canada

 

Uranium may more than double to $250 a pound next year as demand for the nuclear fuel outpaces production, according to SXR Uranium One Inc.

 

``We'll see resistance at around $200 to $250, where utilities will take some pain,'' Neal Froneman, Toronto-based SXR's chief executive officer, said in a May 11 phone interview from Johannesburg. ``Within a few weeks, you'll see it go to $130'' and $150 later this year, he added. ...

Share this post


Link to post
Share on other sites
Uranium May Rise to $250 a Pound Next Year, SXR Says

 

http://www.bloomberg.com/apps/news?pid=206...mp;refer=canada

 

Uranium may more than double to $250 a pound next year as demand for the nuclear fuel outpaces production, according to SXR Uranium One Inc.

 

``We'll see resistance at around $200 to $250, where utilities will take some pain,'' Neal Froneman, Toronto-based SXR's chief executive officer, said in a May 11 phone interview from Johannesburg. ``Within a few weeks, you'll see it go to $130'' and $150 later this year, he added. ...

 

The following stocks look cheap at close today:

BAY.v C$1.26

UPC.v C$1.13

 

probably buy both tomorrow

 

and getting cheap...

PDN.t

JNN.v

CXX.v

SXR.t

Share this post


Link to post
Share on other sites

Nice 12% gain on the day in Canada after Uramin announced it was in talks to sell the company.

China has earlier announced an interest and Areva has a 6% holding so hoping for a bidding war.

Share this post


Link to post
Share on other sites
Guest
You are commenting as a guest. If you have an account, please sign in.
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...

×