Cameco Corporation (CCJ)

[Pro-Life]

Oil Prices Rose 19% In 2011 - Another Sign That A Nuclear Renaissance Is Inevitable
January 3, 2012

http://seekingalpha.com/article/317065-oil-prices-rose-19-in-2011-another-sign-that-a-nuclear-renaissance-is-inevitable

Oil prices rose 19% over the course of 2011, the third consecutive year marked by a rise in the price of oil. Below is the monthly chart of Brent Crude Oil that illustrates the clear uptrend.



While currency devaluation, geopolitical tensions, and speculators are all forces that may be contributing to rising oil prices and greater market volatility, a growing factor that suggests the price rise will continue is the supply/demand imbalance in the oil market. In other words: demand for oil and other fossil fuels is only growing, but the supply of them is diminishing. The chart below illustrates.



While I believe the world will likely be using fossil fuels as a primary source of energy for some time, we are clearly at a point where a new source of energy is needed. I believe nuclear energy is the primary candidate destined to grow, for the following reasons:

1. It can provide "baseload" - meaning always on - energy
2. It is emission-free
3. It has high power density, which means it does not require an inordinate amount of land and thus is conducive to powering cities
4. It is inexpensive

No other source can really make these same claims. Wind and solar are much more expensive and cannot effectively provide baseload energy, which is precisely why they remain insignificant sources of power on a global basis. Technological breakthroughs may change this, though I don't see this on the horizon, and believe renewables will have limited roles in the global energy market until this changes.

And so, the rise of nuclear energy is virtually inevitable -- the world will demand it for survival. Accordingly, China already has 25 nuclear power plants under construction, and realizes that nuclear will be a key part of how its nation is powered as it increasingly urbanizes. Investors can recognize China as the "smart money" -- the force driving the market's demand and sending prices higher -- in the nuclear energy market.

Of course, this transition will not occur overnight - nuclear power plants take a long time to build - and so oil, coal, and natural gas will continue to play an important role in providing energy to the world. Investors will need to be patient, as this market may take up to a decade to really get going. The value network is still developing and much depends on how government participates and regulates the market, as well as what innovations entrepreneurs will develop as the market grows.

For now, the investment opportunity is simple: uranium. Nuclear power is most easily obtained through processing of uranium, and so uranium mining firms are the buy and hold opportunity for patient investors looking to participate in the nuclear renaissance. Uranium ETFs like URA as well as mining companies like Uranerz (URZ), Uranium Energy Corporation (UEC), and Cameco (CCJ) are plays that make sense from this perspective, with UEC being my favorite due to the adept leadership of its Amir Adnani - its founder and CEO with a background as a serial entrepreneur with a marketing focus - as well as the firm's focus on ISR mining which I regard as an enabling technology that will allow UEC to experience lower mining costs than traditional open pit mines.

As compelling as the uranium story is, I cannot overemphasize the need for patience. Nuclear energy is still not appreciated and the entire energy market is poorly understood. This represents a great opportunity for the educated investor, provided they have patience and conviction, and understand the economics of nuclear is really the only option barring some type of technological breakthrough that currently is nowhere in sight. As always, investors will find it to their advantage to focus on the actions of the smart money - which in this case is China - while ignoring short-term sentiment factors like the concerns about nuclear energy stemming from the Fukushima crisis.

While uranium remains the mineral to invest in and focus on, investors should also keep an eye out to see how Thorium develops. Thorium is a potential substitute for uranium in the production of nuclear power, and possesses less of a radiation risk - a common criticism of uranium. However, the value network for thorium is a bit undeveloped at the moment, and it does not appear that there is yet a "smart money" faction that can push prices higher. Thorium is also more a more expensive way of generating nuclear power, an obstacle I suspect will need to be overcome if thorium is to become a serious opportunity for investors looking to invest in the nuclear renaissance.

So get ready for a whole new energy paradigm as we move away from oil. Understand, though, the process will take time, and that the science and economics suggest the opportunity is nuclear energy unless there is some type of a big technological breakthrough. And of course, patience is your friend; while the economics will, as always, ultimately dictate what happens, the process can be slow. China is the one to watch, and so long as they are committed to the market, any sell-offs in opportunities to invest in nuclear energy, namely via uranium mining firms, constitute an opportunity to buy the dip.

Disclosure: I am long UEC, CCJ.

[Tutu]

Booyah

[GreyGoose_69]

Cameco will be more than double its PPS by summer of 2013! Mark my words! Don't forget the 10 cents per share dividend and the fact that the American/Russian agreement runs out in late 2013! What is that you might ask? The Russians are using the Uranium from their old nukes for their nuclear reactors! Add that to the fact that China and India are making lots of Reactors that will be operational and the supply of Uranium won't be able to keep up with demand! I implore you to check into Uranium stocks NOW, because they are cheap as hell and this is your opportunity! You won't get rich overnight, but this is better than a savings or CD account!

[Tutu]

Still holding

[trdwatch]

Cameco Reports Fourth Quarter and 2011 Financial Results



http://ih.advfn.com/p.php?pid=nmona&article=51121557

[trdwatch]

No indecision at all by investors last few days -

http://stockcharts.com/h-sc/ui?s=CCJ&p=D&yr=0&mn=4&dy=0&id=p14568398534

[trdwatch]

looking good - nice uptrend this Jan. - Looking to break 22's resistance next.

[Tutu]

Moving up

[NYBob]

Cameco Corp. Common (CCJ)
18.81 ? -0.26 (-1.36%)
Volume: 1,928,338 @ 4:02:13 PM ET
Bid Ask Day's Range
18.5 20.24 18.65 - 18.98
CCJ Detailed Quote Wiki

[HattieTheWitch]

nice news out

What is it?

[Tutu]

nice news out

[trdwatch]

Nuclear Power Remains Key To America's Energy Future

By BERNARD L. WEINSTEIN
Posted 12/21/2011 06:04 PM ET


Until the nuclear accident in Japan earlier this year, the press and blogosphere were replete with articles and discussions about an imminent "nuclear renaissance" in the U.S. President Barack Obama stated publicly that nuclear power was a major component of his "green energy" agenda, and he also called for an increase in the federal nuclear loan guarantee program to help jump-start new plant construction.

Prior to Fukushima, several dozen utilities had expressed interest in building new nuclear power plants. But partly as a reaction to the Japanese accident, most have temporarily shelved their nuclear expansion plans.

Utility executives are leery about moving forward due to the likelihood of prolonged delays in the licensing process as the Nuclear Regulatory Commission (NRC) and Congress examine the significance of the Japanese events for American reactors. Cheap natural gas prices have also tempered the industry's enthusiasm for nuclear power.

Nonetheless, it would be a mistake for the nation to turn its back on nuclear energy. At present, America's 104 operating nuclear reactors produce about 20% of the nation's electricity. Nuclear is an efficient and environmentally friendly way to generate power that doesn't emit greenhouse gases or particulates. In addition, production costs don't fluctuate as they do with fossil fuel plants.

Contrary to the conventional wisdom, and despite Fukushima, a solid majority of Americans still view nuclear energy favorably. According to a survey conducted in late September by Bisconti Research and GfK Roper, 62% of respondents say they approve the use of nuclear energy as one of the ways to provide electricity in the United States.

Those strongly favoring nuclear energy outnumber those strongly opposed by a 2-1 ratio. Eighty-five percent of respondents believe that current operating licenses should be renewed when they expire, as long as the plants meet federal safety standards.

Fifty-nine percent agree: "We should definitely build more nuclear power plants in the future" while 67% of Americans say they would find a new reactor acceptable at the site of the nearest operating facility.

Some pundits and environmentalists argue that the nation's future power demands can be satisfied largely through a combination of conservation, efficiency and renewable energy sources such as wind, solar and biomass. But this is simply untrue.

Today, wind and solar account for only 2% of the nation's generating capacity and can't be relied upon as sources of uninterruptible power. Even under the most optimistic assumptions of the potential contribution of renewables to the power grid, America's utilities will still have to construct many new base-load plants in the future.

Nuclear power must remain on the menu of energy options. To ensure we are globally competitive for the long term, America must offer an attractive economic environment and cost structure on all fronts — including utility costs. Thus lower-cost and dependable nuclear generating plants are a sensible choice for a portion of the nation's future power needs.

Adding new nuclear plants to the power grid will diversify our energy sources, ensure reliability, and help hold down electric power costs in the decades ahead with attendant benefits to households and businesses as well as the environment.

Weinstein is associate director of the Maguire Energy Institute and adjunct professor of business economics in the Cox School of Business at Southern Methodist University in Dallas.

http://news.investors.com/Article/595498/201112211804/nuclear-power-remains-viable-for-us.htm

[Tutu]

nice green day today

[Tutu]

Will be adding today dividend coming up.................

[Tutu]

Holding u nicely.............

[Tutu]

bounce back up now..............

[Tutu]

Cameco (TSX:CCO) (NYSE:CCJ) announced today that its board of directors has approved a quarterly cash dividend of $0.10 per common share, payable on January 13, 2012 to shareholders of record on December 30, 2011.

[trdwatch]

Agreed. Should be a good year for Uranium and US nuclear too. Had a good end of day yesterday. Should pop up more today. :) GLTY

[Tutu]

Suppose to big next year

[trdwatch]

http://stockcharts.com/h-sc/ui?s=CCJ&p=D&b=5&g=0&id=p39466365576

Should run back up to the top of BB's IMO

SAR also dropped today

[Tutu]

will be adding here shortly

[trdwatch]

Uranium Resources Announces Start of Phase II Drilling at Los Finados Project

Uranium Resources, Inc. (NASDAQ: URRE) (URI), announced today that Cameco Resources (“Cameco”) has elected to move forward with Phase II of the three phase exploratory program on the 54,847 acres in Kenedy County, Texas, known as the “Los Finados Project.” The second phase of drilling will begin in December 2011 and is expected to be completed by the end of November 2012. URI has decided to commit an additional $1.5 million in exploration activities during the twelve-month period ended November 30, 2012, in order to maintain the option to lease the property. Under Phase II of the agreement with URI, Cameco will fund $1.0 million toward those exploration activities and will earn an additional 10% interest in Los Finados, raising its interest in the project to 50%. Cameco may elect to fund the entire $1.5 million by moving into Phase III of the program.

Don Ewigleben, President and CEO of URI, commented, “One of our stated goals in Texas is to develop a larger reserve base, and ultimately maximize production in South Texas. Having Cameco opt into the next phase of work strengthens our expectations regarding the potential of commercially viable resources in the district.”

In May 2011, URI entered into a joint venture agreement with Cameco for a three-phase, three-year exploration program on the Los Finados property. The first phase of the drilling program began on June 21 and will be completed by November 30 at a cost of approximately $1 million. A total of 19 holes totaling 24,560 feet have been drilled. Phase I exploratory work used a widely spaced drilling program covering a grid designed to test the potential for uranium mineralization over the 54,847 acre area.

Under the terms of the exploration agreement, Cameco can earn an additional 20% interest in the property in consideration for an additional $1.5 million investment in exploration and development expenses associated with the third and final phase of the project. At the conclusion of the exploration program, the parties may enter into an operating joint venture to develop and produce any discovered uranium resources and reserves. The uranium would be processed at URI’s Kingsville Dome or Rosita processing facility, with Cameco’s share of production being processed under a toll processing agreement with URI.

About Cameco Resources

Cameco Resources of Cheyenne is America’s largest uranium producer and comprises the US operations of Cameco Corporation of Saskatoon, Saskatchewan, Canada (NYSE:CCJ), which is one of the world’s largest uranium producers. Cameco Resources has about 350 employees and full-time contractors at its Wyoming and Nebraska mines, its exploration and development office in Casper, and its headquarters in Cheyenne.

About Uranium Resources, Inc.

Uranium Resources Inc. explores for, develops and mines uranium. Since its incorporation in 1977, URI has produced more than 8 million pounds of uranium by in-situ recovery (ISR) methods in the state of Texas where the Company currently has ISR mining projects. URI also has 183,000 acres of uranium mineral holdings and 101.4 million pounds of in-place mineralized uranium material in New Mexico and a NRC license to produce up to 1 million pounds of uranium per year. The Company acquired these properties over the past 20 years along with an extensive information database of historic mining logs and analysis. None of URI’s properties is currently in production.

URI’s strategy is to fully exploit its resource base in New Mexico and Texas, expand its asset base both within and outside of New Mexico and Texas, partner with larger mining companies that have undeveloped uranium or with junior mining companies that do not have the mining experience of URI, as well as provide restoration expertise to those that require the capability or lack the proficiency.

Uranium Resources routinely posts news and other information about the Company on its Web site at www.uraniumresources.com.

Safe Harbor Statement

This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are subject to risks, uncertainties and assumptions and are identified by words such as “expects,” “estimates,” “projects,” “anticipates,” “believes,” “could,” and other similar words. All statements addressing operating performance, events, or developments that the Company expects or anticipates will occur in the future, including but not limited to statements relating to the Company’s mineralized uranium materials, timing of receipt of mining permits, production capacity of mining operations planned for properties in South Texas and New Mexico, planned dates for commencement of production at such properties, revenue, cash generation and profits are forward-looking statements. Because they are forward-looking, they should be evaluated in light of important risk factors and uncertainties. These risk factors and uncertainties include, but are not limited to, the spot price and long-term contract price of uranium, weather conditions, operating conditions at the Company’s mining projects, government regulation of the mining industry and the nuclear power industry, world-wide uranium supply and demand, availability of capital, timely receipt of mining and other permits from regulatory agents and other factors which are more fully described in the Company’s documents filed with the Securities and Exchange Commission. Should one or more of these risks or uncertainties materialize, or should any of the Company’s underlying assumptions prove incorrect, actual results may vary materially from those currently anticipated. In addition, undue reliance should not be placed on the Company’s forward-looking statements. Except as required by law, the Company disclaims any obligation to update or publicly announce any revisions to any of the forward-looking statements contained in this news release.

[trdwatch]

Uranium Stocks Build Momentum but Prices Remain Weak

Today : Friday 25 November 2011

Uranium stocks have been on the upswing this month as a bidding war for Hathor Exploration between Rio Tinto and Cameco has underscored the increasing importance of nuclear energy. Although Germany and Switzerland are phasing out nuclear plans, world leaders in North America, Africa to Asia have reaffirmed their commitment to nuclear power as a low-carbon, low-cost energy. The Bedford Report examines the outlook for companies in the Uranium Sector and provides investment research on Cameco Corporation (NYSE: CCJ) Access to the full company reports can be found at:

www.bedfordreport.com/CCJ


While uranium stocks are on the upswing on long term optimism and takeover speculation, the spot price for uranium remains low. The spot uranium price dropped to slightly below $53 a pound U3O8, according to price publishers TradeTech and Ux Consulting, as little new buying interest emerged over the past week in the spot uranium market. Ux noted in its Monday report that a number of buyers and sellers already have met their volume expectations for the year -- not surprising given volume levels posted since July.

Note: edited

http://ih.advfn.com/p.php?pid=nmona&article=50173553

Good entry/re-entry price for CCJ in my opinion.

[NYBob]

Cameco Corp. (CCJ)
18.92 ? -0.77 (-3.91%)
Volume: 2,195,701 @ 4:12:24 PM ET
Bid Ask Day's Range
18.25 20.24 18.74 - 19.66
CCJ Detailed Quote Wiki

[NYBob]

Cameco Corp. (CCJ)
19.38 ? 0.04 (0.21%)
Volume: 2,282,053 @ 4:42:09 PM ET
Bid Ask Day's Range
19.2 21.25 19.02 - 19.79
CCJ Detailed Quote Wiki

[trdwatch]

Uranium Sector Poised for Consolidation

Uranium stocks posted strong gains in the month of October, as a combination of takeover speculation and rising uranium prices restored investor confidence in Nuclear Energy. Japan's nuclear crisis caused the Global X Uranium ETF to collapse 61 percent through Oct. 3 before rebounding 30 percent as of last week, data compiled by Bloomberg shows. The Paragon Report examines investing opportunities in the Uranium Industry and provides equity research on Cameco Corporation (NYSE: CCJ) (TSX: CCO) and USEC Inc. (NYSE: USU). Access to the full company reports can be found at:

www.paragonreport.com/CCJ

www.paragonreport.com/USU

A rethink of nuclear policy worldwide following Japan's tragic earthquake sent the price of the fuel plummeting, bringing the valuations of the companies mining uranium down with it.

Uranium stocks spiked late last month after Rio Tinto entered the battle for Canadian uranium explorer Hathor Exploration with a $578-million friendly takeover offer that topped a hostile bid by Cameco Corporation. Rio Tinto said the Hathor acquisition fits its strategy of investing in the primary uranium producing regions of the world -- Canada produces roughly 20 percent of global uranium supply from the Athabasca region.

The Paragon Report provides investors with an excellent first step in their due diligence by providing daily trading ideas, and consolidating the public information available on them. For more investment research on the Uranium Industry register with us free at www.paragonreport.com and get exclusive access to our numerous stock reports and industry newsletters.

While some European markets have expressed their interest in ending nuclear programs, other global leaders are planning to boost nuclear development in the coming years. The vice-president of the China Nuclear Energy Association, Zhao Chengkun, stressed that nuclear is the only energy source that can be used on a mass scale to achieve the nation's goal of developing cleaner, low carbon energy.

China is in the process quadrupling its uranium consumption to 50 million-60 million pounds a year, and says it plans to build 10 nuclear power plants a year for the next decade.

The Paragon Report has not been compensated by any of the above-mentioned publicly traded companies. Paragon Report is compensated by other third party organizations for advertising services. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at http://www.paragonreport.com/disclaimer

[trdwatch]

Uranium Market Stabilizes - USEC and Uranium Resources Rebound

http://ih.advfn.com/p.php?pid=nmona&article=49561067

Uranium prices are finally starting to stabilize as companies are cutting back on production. Demand has softened following the Fukushima nuclear disaster, leading producers to slow production to conserve margins. The Bedford Report examines the outlook for companies in the Uranium Sector and provides investment research on USEC, Inc. (NYSE: USU) and Uranium Resources, Inc. (NASDAQ: URRE). Access to the full company reports can be found at:

www.bedfordreport.com/USU

www.bedfordreport.com/URRE

Uranium prices have yet to recover from the aftermath of Japan's devastating earthquake in March. Demand has slumped as Germany announced plans to close all 17 of its nuclear power reactors by 2022. Until recently, production remained on the upswing. However, earlier this month the world's top producer, Kazakhstan, announced that it has stabilized production to around 20,000 metric tons annually in order to avoid further depressing prices.

Sergei Dara, Director of Strategic Development and International Projects at Kazatomprom, the state nuclear company, said as long as prices remain at their current low levels, "Kazakhstan will not develop new projects and our production will remain at the current level."

The Bedford Report releases stock research on the Uranium Sector so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at www.bedfordreport.com and get exclusive access to our numerous analyst reports and industry newsletters.

Uranium Resources Inc. explores for, develops and mines uranium. Since its incorporation in 1977, URI has produced over 8 million pounds of uranium by in-situ recovery (ISR) methods in the state of Texas where the Company currently has ISR mining projects.

USEC Inc., together with its subsidiaries, supplies low enriched uranium (LEU) to commercial nuclear power plants in the United States and internationally. The company recently announced that its board of directors voted to continue the company's investment in the American Centrifuge Plant for the month of October, but at a reduced spending rate as the company continues working with the Department of Energy (DOE) to achieve a conditional loan guarantee commitment for the project by November 1.

The Bedford Report provides Market Research focused on equities that offer growth opportunities, value, and strong potential return. We strive to provide the most up-to-date market activities. We constantly create research reports and newsletters for our members. The Bedford Report has not been compensated by any of the above-mentioned publicly traded companies. The Bedford Report is compensated by other third party organizations for advertising services. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at http://www.bedfordreport.com/disclaimer


Contact:

The Bedford Report

Email Contact

[NYBob]

Cameco Corp. (CCJ)
19.69 ? 0.62 (3.25%
Volume: 1,975,683 @ 2:23:27 PM ET
Bid Ask Day's Range
19.68 19.7 18.9 - 19.97
CCJ Detailed Quote

[trdwatch]

Cameco and Uranium One Shares in Free Fall -- Long Term Remains Strong

http://ih.advfn.com/p.php?pid=nmona&article=49369197

[trdwatch]

Long Term Prospects Bright for USEC and Cameco

http://ih.advfn.com/p.php?pid=nmona&article=49237536

Also, uranium price is going back up - currently @ $53.50


http://www.uraniumseek.com/headlines/

[trdwatch]

Plans For New Reactors Worldwide:

http://www.world-nuclear.org/info/inf17.html#.TnM-6JLLRl0.twitter

[trdwatch]

Cameco Provides Further Comment on Hathor News Releases

http://ih.advfn.com/p.php?pid=nmona&article=49178024


Hathor Board Unanimously Recommends Shareholders Reject Unsolicited Cameco Offer

http://ih.advfn.com/p.php?pid=nmona&article=49169621

[trdwatch]

Hathor Urges No Action by Shareholders in Response to Cameco Offer

http://ih.advfn.com/p.php?pid=nmona&article=48987047

Hathor Exploration Limited (TSX:HAT) is aware that Cameco Corporation intends to proceed with a hostile and unsolicited all cash take-over bid for Hathor at a price per Hathor common share of Cdn.$3.75. The announcement stated that the bid
will be open for at least 60 days from the time it is made. Hathor has not yet been provided with a formal offer and so is not in a position to respond. Hathor will issue a strong and detailed response to the offer after it has received and reviewed the bid materials, and received guidance and input from its financial and legal advisors...

[trdwatch]

Cameco Announces Agreement to Increase Inkai Production

http://ih.advfn.com/p.php?pid=nmona&article=49020327

ALL AMOUNTS ARE STATED IN CDN $ (UNLESS NOTED)

Cameco (TSX: CCO) (NYSE: CCJ) today announced it has signed a memorandum of agreement with its partner, Kazatomprom, to increase annual uranium production at Joint Venture Inkai Limited Liability Partnership (JVI) from 3.9 million pounds to 5.2 million pounds.

JVI owns and operates the Inkai in-situ recovery uranium mine and processing plant located in central Kazakhstan. JVI is owned by Cameco (60%) and Kazatomprom (40%), the Kazakhstan government owned national atomic company.

Under the memorandum of agreement, Cameco's share of Inkai's annual production will be 2.9 million pounds with the processing plant at full capacity. The company will also be entitled to receive profits on 3.0 million pounds.

"This agreement allows for increased production at Inkai to the designed capacity of 5.2 million pounds and advances us toward our goal of doubling annual production to 10.4 million pounds," said Tim Gitzel, president and CEO of Cameco. "Clearly, Inkai will play a significant role in our plan to double uranium production to 40 million pounds by 2018."

To implement the increase, Cameco will need a binding agreement finalizing the terms of the memorandum, government approval and an amendment to the JVI resource use contract.

Caution Regarding Forward-Looking Information and Statements

Certain information contained in this news release constitutes "forward-looking information" or "forward-looking statements" within the meaning of Canadian and U.S. securities laws. These include the anticipated annual production level at JVI, Cameco's expected share of Inkai's annual production, the number of pounds on which Cameco will be entitled to receive profits, the goal of doubling annual production at Inkai to 10.4 million pounds and Cameco's plan to double uranium production by 2018. Forward-looking information is necessarily based upon a number of assumptions that, while considered reasonable by management, are inherently subject to significant business, economic and competitive uncertainties and contingencies. These assumptions include the assumption that Cameco and Kazatomprom will reach a binding agreement to finalize the terms of the memorandum of agreement, the assumption that all necessary government permits and approvals will be obtained, and the assumption that increased production targets can be met. Cameco cautions the reader that such forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results and developments to differ materially from those expressed or implied by such forward-looking information. Those risks and uncertainties include: Cameco and Kazatomprom are unable to reach a binding agreement; JVI cannot obtain any required government permit or approval; the risk of disruption in production as a result of natural phenomena, labour disputes, political risks, blockades or other acts of social or political activism, shortage or lack of supplies critical to production, equipment failures or other development and operation risks; and the risk that JVI or Cameco do not achieve forecast production levels because of a change in mining plans, processing plants are not available, do not function as designed or for other reasons. Certain of these assumptions, risks and uncertainties are discussed in greater detail in Cameco's most recent Annual Information Form and MD&A on file with the Canadian securities regulatory authorities, which we recommend that you review for more information. Forward-looking information is designed to help you understand management's current views of our near and longer term prospects, and it may not be appropriate for other purposes. Cameco does not undertake any obligation to update or revise forward-looking information, whether as a result of new information, future events or otherwise, except to the extent legally required.

Qualified Person

The scientific and technical information pertaining to Inkai was prepared under the supervision of Dave Neuburger, a professional engineer employed by Cameco as vice-president, international mining and a qualified person for the purpose of National Instrument 43-101.

Profile

Cameco, with its head office in Saskatoon, Saskatchewan, is one of the world's largest uranium producers. The company's uranium products are used to generate electricity in nuclear energy plants around the world, providing one of the cleanest sources of energy available today. Cameco's shares trade on the Toronto and New York stock exchanges.

As used in this news release, "Cameco" or the "company" means Cameco Corporation, a Canadian corporation and its subsidiaries and affiliates unless stated otherwise.

Contacts:

Cameco

Investor inquiries:

Rachelle Girard

[phone]



Media inquiries:

Rob Gereghty

[phone]

[trdwatch]

Cameco Commences Offer to Acquire Hathor Exploration Limited

http://finance.yahoo.com/news/Cameco-Commences-Offer-iw-834993986.html?x=0

[vuduu]

i think there is going to be huge demand in the future for uranium from people who want to build their own power plants:

http://news.yahoo.com/blogs/technology-blog/man-arrested-building-nuclear-reactor-kitchen-151239201.html

[NYBob]

Cameco Corp. (CCJ)
27.19 ? -0.04 (-0.15%)
Volume: 1,597,948 @ 4:42:11 PM ET

Bid Ask Day's Range
26.78 27.63 26.77 - 27.745

CCJ Detailed Quote

OT.
dd....
BQI
and
CALVF
bottom picks....

e.g.,
CALVF Gold Targets: $6,000 – $7,000 – $10,000:

http://goldswitzerland.com/index.php/gold-entering-a-virtuous-circle-egonvongreyerz/

GOLD Target fiat$25,000.--/oz in my books



CALVF short snippet -
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=65655037

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=65504488


by mick, thanks good chart -

Got CALVF GOLD Mines profitable Gold production at a bottom
Au fishing penny play



Welcome to CALVF -
http://investorshub.advfn.com/boards/board.aspx?board_id=5294

[NYBob]

Cameco Corp. (CCJ)
26.49 ? -0.66 (-2.43%)
Volume: 4,022,358 @ 3:55:07 PM ET
Bid Ask Day's Range
26.48 26.5 25.94 - 27.11
CCJ Detailed Quote

[roger wilco]

This is a good buying op caused by a horrible event in Japan.

[FreeNorth]

Some comments from Forbes
3) Cameco (CCJ)
The uranium miner suffered a huge gap down when the tsunami wiped out that Japanese nuclear power plant. That gap doesn’t look like it´ll get filled anytime soon. That 50-day moving average on the daily chart crossed below the 200-day in early May and continued downward. Price is now rallying back, weakly, to the downtrending 50-dma. The weekly chart paints the same bearish pattern. And the point-and-figure projection is much, much lower — not the most encouraging group of x´s and o´s in boxes. A move above 33 would tend to negate this analysis.

http://blogs.forbes.com/johnnavin/2011/05/26/585/?partner=yahootix

[NYBob]

Cameco Corp. (CCJ)
28.41 ? 1.01 (3.69%)
Volume: 2,442,124 @ 2:15:11 PM ET
Bid Ask Day's Range
28.41 28.42 27.31 - 28.65
CCJ Detailed Quote

[gpf95]

probably catching back up to it's 50dma

[FTW]

hmm up currently 5.5% today. trying to find out why. I think earnings are due out may 6th. I also read something about russia committing to a large # of nuclear power plants, but can't find a source.

either way I like it.

[AAEM]

CCJ will run again:

http://www.marketwatch.com/story/uranium-is-not-going-away-2011-04-22

http://online.wsj.com/article/SB10001424052748704658704576274770340535758.html?ru=yahoo&mod=yahoo_hs

[AAEM]

What is going on here? Do you think it will go back to $40's sometime soon or will continue down to the low $20's? What do you think the May news gonna be? Thanks,

[AAEM]

Japan stops leaks from nuclear plant

http://news.yahoo.com/s/nm/20110405/wl_nm/us_japan

[NYBob]

Cameco Corp. (CCJ)
30.83 ? 0.29 (0.95%)
Volume: 2,757,573 @ 4:15:45 PM ET
Bid Ask Day's Range
30.88 31.31 30.5 - 31.16
CCJ Detailed Quote

Holding onto all my shares.
Buying here could prove wise with some good news from Japan. ?
Not buying now -
Ot. buying here would be Goldcorp GG for me
or more CALVF high Au risk venture play

[bulletproof]

Holding onto all my shares. Buying here could prove wise with some good news from Japan.

[NYBob]

Cameco Corp. (CCJ)
30.45 ? 0.41 (1.36%)
Volume: 3,259,916 @ 3:23:31 PM ET
Bid Ask Day's Range
30.46 30.47 30.25 - 31.18
CCJ Detailed Quote

[NYBob]

Cameco Corp. (CCJ)
30.02 ? -1.15 (-3.69%)
Volume: 6,737,266 @ 7:49:39 PM ET

Bid Ask Day's Range
29.52 30.18 29.95 - 31.25

CCJ Detailed Quote