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SXRZF: Finra deleted symbol. Pursuant to the Arrangement, shareholders of the Company other than JSC Atomredmetzoloto and its affiliates will receive $2.86 cash for each common share of the Company.
http://www.otcbb.com/asp/dailylist_detail.asp?d=10/21/2013&mkt_ctg=NON-OTCBB
Rock bottom u308 prices... Not for long...
WOW ~~~Uranium~~~ stocks are HOT right now!!!!!
USU, URRE, UEC, URA and more...
For the week: -1.71%... the sector moved ahead according to PKN...
Sector observation...
Uranium Price Gap Widens
http://uraniuminvestingnews.com/11849/uranium-price-gap-widens.html
Tuesday July 3, 2012, 1:09pm PDT IBTimes reported June was a slow month in uranium as the yellowcake remained largely untraded and the gap between buyers and sellers widened.
As quoted in the market news:
“Spot prices barely budged on the 15 transactions reported in June by industry consultant TradeTech, with sellers unwilling to drop their prices and buyers not willing to pay more.
With traders comprising the vast majority of both buyers and sellers in the bulk of the transactions reported over the past several months, TradeTech notes the spot uranium price remains stuck between the lack of committed buyers and what are fairly unmotivated sellers at current levels.
Anything under $2.75 should be golden.
Strong possibility of a market bottom... link to comps:
http://stockcharts.com/freecharts/candleglance.html?USU,URRE,URG,URZ,EFR.TO,DNN,UEC,URPTF,MGAFF,SXRZF,CXZ,RRI.V|C|H14,3
excellent post bud...people mark for ya!
Uranium related: Another Sign That A Nuclear Renaissance Is Inevitable - Oil Prices Rose 19% In 2011
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.
Ahhhhh..I guess we are waiting on China...which might be a while longer now that China is in a down turn.
A glut of $NATGAS... a cheap but temporary alternative...
what the hell happened....??, Uranium one should over 4 bucks..not under 3..lol!
Nuclear driver: Canada reaches uranium trade deal with China
Thu Feb 9, 2012 10:16am EST
* Pact allows more Canadian uranium into China
* China fastest growing nuclear market in world
* Uranium to be used for civilian nuclear program
http://www.reuters.com/article/2012/02/09/canada-china-uranium-idUSL2E8D94O520120209
BEIJING, Feb 9 (Reuters) - Canada has reached a deal with China that will make it easier for Cameco Corp and other Canadian uranium producers to sell nuclear fuel into the fastest-growing market for atomic power.
The trade deal, announced on Thursday during Prime Minister Stephen Harper's visit to China, allows Cameco - the largest publicly listed producer - to sell uranium from its Canadian projects into China. Details of the agreement were not provided.
"This agreement will help Canadian uranium companies to substantially increase exports to China, the world's fastest growing market for these products," Harper's office said in a statement.
China currently operates some 13 nuclear reactors, with a total nuclear power output of about 11 gigawatts. The Asian country, which has 27 reactors under construction, plans to boost output to 80 gigawatts by 2020.
By contrast, the United States has 104 nuclear reactors.
Construction of reactors in China is expected to outweigh the decommissioning of plants in Japan, where reactors were taken offline in the wake of the Fukushima disaster last March, and in Germany, where the Japanese disaster led to a policy shift away from nuclear power.
In 2010, Cameco signed two deals with China to provide the country more than 50 million pounds of uranium over 15 years. Cameco has major uranium projects in Canada, the United States, Kazakhstan and Australia.
"We couldn't deliver Canadian uranium here until this agreement was signed so it opened the door for us to do that," said Chief Executive Tim Gitzel, who is part of a trade delegation visiting China this week with the Canadian prime minister.
Canada and China are working to finalize the text of the agreement and expect it to be completed within the next few months, according to the release.
Saskatoon, Saskatchewan-based Cameco, which will report its fourth-quarter earnings after market close on Thursday, plans to boost its uranium production to 40 million pounds a year by 2018.
Scoreboard for the week: +17.30%
+7% for the week so far...
No joke... Here goes the U308 sector!!! Charted comparables:
http://stockcharts.com/freecharts/candleglance.html?USU,URRE,URG,URZ,PUC.V,ATURF,DNN,UEC,URPTF,MGAFF|B|H14,3
Ever since my post #62 the sector is on fire!!!
I look at today as a confirmation of a very bullish reversal yesterday.
I would ask that question about the whole sector... U308 prices are not moving at all.
lol..what is up with Uranium One??...geeezzz!
Unbelievable!!!...especially when I read Russia and China are going forward with their nuclear programs.
Plus the spot price for uranium is one the way up..
Down 9.47% for the week...
DOE has a new assistant...
April 15, 2011
Dr. Peter B. Lyons Confirmed as Assistant Secretary for Nuclear Energy
http://www.energy.gov/news/10269.htm
Washington, D.C. - Dr. Peter B. Lyons was confirmed by the Senate on Thursday, April 14, as the Department of Energy's Assistant Secretary for Nuclear Energy.
"Pete Lyons' depth of expertise and experience make him uniquely qualified for this role, and I am confident he will continue to serve the Department, the President and the Nation with distinction," said Energy Secretary Steven Chu. "I applaud the Senate for quickly taking action to approve his nomination, and I look forward to our work together to ensure that safe nuclear power plays an important role in America's clean energy future."
As Assistant Secretary for Nuclear Energy, Dr. Lyons will serve as the primary policy advisor to the Secretary of Energy and the Department on key issues involving nuclear energy research, development and demonstration, as well as international nuclear activities. His responsibilities will include managing Federal programs aimed at fulfilling the potential of nuclear power as a major contributor in meeting our Nation's energy supply, environmental and energy security needs.
Before his Senate confirmation to his new position, Dr. Lyons served as the Acting Assistant Secretary for Nuclear Energy since November 2010, and as the Principal Deputy Assistant Secretary of the Office of Nuclear Energy at the Department of Energy (2009-2010). Prior to this appointment, Dr. Lyons served as a Commissioner of the Nuclear Regulatory Commission from 2005 until his term ended in 2009. From 2003 to 2005, Dr. Lyons served as Science Advisor on the staff of U.S. Senator Pete Domenici and the Senate Committee on Energy and Natural Resources, where he focused on military and civilian uses of nuclear technology, national science policy, and nuclear non-proliferation.
From 1997 to 2003, Dr. Lyons was assigned by the Los Alamos National Laboratory to serve as Science Advisor on the staff of U.S. Senator Pete Domenici and the Senate Energy and Natural Resources Committee, where he focused on military and civilian uses of nuclear technology, national science policy, and nuclear non-proliferation. From 1969 to 1996, Dr. Lyons held several positions at the Los Alamos National Laboratory including: Director for Industrial Partnerships, Deputy Associate Director for Energy and Environment, and Deputy Associate Director-Defense Research and Applications.
Dr. Lyons has published more than 100 technical papers, holds three patents related to fiber optics and plasma diagnostics, and served as chairman of the NATO Nuclear Effects Task Group for five years. Dr. Lyons is a Fellow of both the American Nuclear Society and the American Physical Society. He received his Ph.D. in Nuclear Astrophysics from the California Institute of Technology (1969) and his undergraduate degree in Physics and Mathematics from the University of Arizona (1964).
-2.51% is the scorecard for the week...
For the week: 10.69%
ahhh..thx man..I didn't know UUU was available on the US market
The quote is for the US listed SZRZF and the chart in the i-Message is for the Canadian listed UUU. Same company, 2 different currencies.
he bud...well I see $4.48 for the pps. and 21.397mil day for vol...but the quote above says $4.60 with 669K vol...????
I am missing something here..lol
What is seen in the charts is delayed info... an outstanding day +13%!!!
hey..FT
If this is UUU.to on the TSE...why are the bid/ask and volume different??
thx..
US Nuclear Regulators To Vote On Proposal To Review Japan Crisis, Assess US Safety
Date : 03/21/2011 @ 12:21PM
Source : Dow Jones News
http://ih.advfn.com/p.php?pid=nmona&article=46958493
The U.S. Nuclear Regulatory Commission is expected to vote today on a proposal that directs nuclear officials to conduct a 90-day review of events at Japan's Fukushima power plant and to identify potential new rules for the U.S. nuclear industry.
This 90-day review marks one of the first formal steps taken by the commission to digest incoming information on the Japanese nuclear crisis and to determine whether the U.S. needs to adopt new standards at its own facilities as a result.
In the meantime, the Nuclear Regulatory Commission is also conducting "temporary" inspections of the 104 nuclear reactors in the U.S. to assess their ability to respond to severe accidents -- namely, to determine whether they can deal with total losses of power, mitigate problems associated with flooding and deal with equipment losses due to seismic events.
The commission will also outline goals for a longer-term review of the Japanese crisis and the safety of the U.S. industry.
The 90-day review, meanwhile, will include an evaluation of the ability of reactors to respond to station blackouts and severe accidents. It will also involve a radiological consequent analysis, said Bill Borchardt, NRC's executive director for operations.
The review "will evaluate all of the currently available information from the Japanese event and look at it to evaluate our 104 operating reactors' ability to protect against natural disasters," Borchardt said during a briefing Monday.
The NRC's commissioners are expected to vote on the 90-day review proposal today. The proposal should be made public shortly thereafter, an NRC spokesman said.
Within the 30 days of the review, NRC staff will deliver a "quick look" report to the commissioners that outlines the condition of the U.S. fleet of nuclear reactors. "The idea is just to get a quick snapshot," Borchardt said.
Given the time constraints of the 30-day review, Borchardt said the commission will not collaborate with the nuclear industry on its initial quick-look report.
Following both the temporary inspections and the 90-day review, the commission will determine whether it needs to adopt new rules or standards.
The Nuclear Regulatory Commission is also evaluating updated seismic information, from the U.S. Geological Survey, for the central and eastern United States.
As more information about the Japanese nuclear disaster becomes available, the Nuclear Regulatory Commission will conduct a long-term analysis to identify possible areas of future research and potential changes to the reactor oversight program. This review could also lead to new rules.
Borchardt said he did not know when the commission will launch this long-term review but that it will welcome "substantial stakeholder involvement" when it does.
-By Tennille Tracy, Dow Jones Newswires; 202-862-6619; tennille.tracy@dowjones.com
Bullish commentary: In the wake of Japan's nuclear catastrophe, uranium investors have taken it on the chin. Uranium stocks have sold off sharply as radiation fears spread around the world.
The Global X Uranium ETF tumbled -17% last Monday and opened down another -15% on Tuesday.
So what's a uranium investor to do? Is it time to cut and run... or double down?
If I were you, I'd listen to Warren Buffett: "Be fearful when others are greedy and be greedy when others are fearful."
I'm with Warren on this one. This is a major buying opportunity to pick up quality stocks at a discount as nervous investors unload uranium like crazy. Here's why:
This kneejerk reaction is grossly overdone. The iShares Japan index fund is down just -6% since the earthquake yet uranium producers in North America with minimal ties to the situation are down -25% or more. That doesn't make sense.
The ruined reactors consume just 2% of the world's uranium. The other 435 reactors worldwide will be as hungry as ever for uranium, even if Japan scales back its usage.
India and China are still fully on board. China plans to triple the size of its reactor fleet from 13 to 40 over the next decade. India wants 10 times as much nuclear power. That puts steady pressure under uranium prices.
No matter what happens in Japan, nuclear energy is not going away. Think about the BP oil spill in the Gulf of Mexico. Naysayers said there would be a permanent ban on exploration -- but we're drilling again. At the end of the day, our voracious energy needs outweigh the risk of an isolated incident.
As Buffett suggests, it takes guts... but taking stocks off the hands of panicky sellers almost always pays off in the long run.
So I'm a buyer at today's prices. I think uranium stocks will regain all their lost ground and a whole lot more.
Not to mention... there's a looming squeeze on uranium prices coming out of Russia that few people are aware of. When it hits, uranium could go through the roof.