URANIUM TO FUEL CHINESE ECONOMY
February 11, 2007

The rapidly growing economy in China is causing more that just ripples across the economic, financial and business community. Its is growing at an alarming rate and shows no signs of slowing down as it’s GDP has been growing at 8% per year since 1978. However the question arises, how is this rapidly growing economy going to get the power to maintain this level of growth or simply to sustain current levels?

Although China does have a great deal of coal reserves, nuclear power is a cleaner more efficient way of producing energy. The Chinese government has already announced that they will be building a number of nuclear power stations but these estimates are a drop in the ocean compared to what China requires. The Chinese are savvy enough not to announce how many they actually need, as this would send uranium prices sky high.

So let us consider how much it would cost for China to get its electricity from nuclear power. Electricity consumption in China is approximately 2.494 trillion kWh. The cost of energy from nuclear power is around 1.68 cents per kWh. This is inclusive of the cost of fuel as well as operating and maintenance costs. Therefore to supply all of China’s electricity needs for one year by nuclear energy would cost nearly $42 billion. (2.494 trillion kWh x 1.68 cents / kWh = 4189920000000 cents = $41,899,200,000.00) Although at a glance this may seem like a large figure, it is relatively very low considering the cost of running on other fuels and the fact that China has $1 trillion in US Dollar reserves.

Uranium is used in nuclear power plants in pellets. Typically a pellet of uranium weighs around 7 grams (0.24 ounces). This pellet is capable of generating as much energy as 3.5 barrels of oil, 17,000 cubic feet of natural gas, or 1,780 pounds of coal. Therefore if you compare uranium with oil in terms of energy produced, 3.5 barrels costs about $210 assuming $60 per barrel. For Uranium, it costs around $1.125 to buy 0.24 ounces of uranium at the current price of $75/lb. This is a vast difference in cost and shows how cheap uranium is at current prices.

Yet even with this vast difference in cost, China continues to use oil at a rate of 6.534 million bbl/day. However China has seen that nuclear power is the far better option to supply its energy needs and they have started to switch fuels from oil to uranium. I will try to demonstrate the benefits to China of changing from primarily oil powered to nuclear.

If China was to replace its 6.534 million bbl/day oil consumption with energy from nuclear power they would need about 13,068,000 grams of uranium, around 28,810 pounds. So 28,810 pounds of uranium per day to replace oil would see China using 10,515,650 lb per year. Using the current uranium price of $75/lb that would cost China about $788,673,750 per year. The same cost in oil would be $392,040,000 a day at $60 per barrel, that’s $143,094,600,000 a year.

In other words China can run on oil for two days, or uranium for a whole year, at the same fuel cost.

This is why China is moving away from oil and towards nuclear power. It makes sense for China to stop using oil and change to uranium. Of course they could still use fuels like coal, which they have great supplies of, but oil is simply too expensive, not only in terms of money, but also in terms of risk. Oil comes with great geopolitical risk with problems in the Middle East and in oil rich countries like Sudan in Africa. The oil supply is vulnerable as it comes from areas where war and unstable regimes are rampant. Uranium on the other hand originates from “safer” countries such as Australia and Canada. A secure source of energy is a major issue in today’s political world and China will ensure that it has a reliable supply of clean, safe and relatively inexpensive fuel. This is why China is going nuclear, like it or not.

As China shifts to using uranium as a fuel instead of fuel like oil, this will send the uranium price much higher. The above graphs demonstrate how much more China and other countries can afford to pay for uranium, as the yellow cake is still quite cheap. As the uranium price moves up, uranium stocks will surge dramatically upwards and you can profit from this by investing in uranium mining and exploration companies.

Do not simply buy any uranium stock, but look for well-managed, small to mid cap companies with proven reserves and preferably an operating mine. subscribe to the uranium stocks newsletter it is completely free of charge.

11 February 2007

THE BEST ENERGY INVESTMENTS OF 2006
by Elliott H. Gue
Editor, The Energy Letter
January 13, 2006

While on holiday earlier this month, I couldn't help but follow news coverage of the devastating coal mine explosion and rescue operation in Sago, West Virginia. The Sago explosion was a terrible tragedy and ranks among the most deadly coal mining accidents of the past decade. To put the accident into context, consider that 22 miners died in the US throughout 2005 and 28 in 2004; 12 miners died at the Sago mine alone.

We all are sympathetic to the loss of life at Sago; however, all investors must consider the implications of Sago on stocks in the coal mining industry. It's been a long time since the industry was so firmly ensconced on the front pages and safety considerations play an enormous role in profitability.

The good news is that that the industry's safety record has actually improved markedly and steadily over the past 100 years. In fact, the reduction in fatalities is striking. In 1907, more than 3,200 coal miners died in the US, with more than 350 perishing in a single explosion in West Virginia. Nearly 50 miners out of every 10,000 lost their lives in 1907. Since 2000, however, the industry has averaged less than 3 fatalities per 10,000 employed in the mines. The US coal industry also ranks among the safest in the world; at the other extreme is China, where more than 5,000 miners die on average every year. That nation accounts for less than 40 percent of the world's coal production but nearly 80 percent of the world's coal mine fatalities.

Sago also reveals some important changes in the coal mining industry. It's instructive not only to view coal-mining fatalities on a nationwide basis but state-by-state, because the geographic location of coal mines helps drive my investment decisions.

West Virginia alone accounts for nearly one-third of all US mine deaths over this period; West Virginia and Kentucky combined account for close to 60 percent. The common denominator here is underground mining. Underground mining is inherently riskier than surface mining (used in the Western US). West Virginia and Kentucky sport relatively high mine fatalities because more of their annual production comes from underground mines. Sixty percent of West Virginia's 2004 coal production comes from underground mining operations; Kentucky's breakdown is similarly reliant on these more dangerous mining operations. Safety concerns, coupled with the costs of underground mining are some of the prime reasons why I avoid Eastern coal companies. Instead, I focus on the surface miners in the Western US, primarily in Wyoming’s Powder River Basin (PRB).

2006 Mega Theme #1: Coal

Coal will remain the world's pre-eminent source of electric power for years to come. And while it’s generally considered an environmentally dirty fuel, the use of low-sulphur coal from the Powder River Basin (PRB) of the Western US can go a long way towards reducing sulphur dioxide emissions. Peering a bit further into the future, I see the potential for coal liquefication and coal gasification technologies to bear fruit.

Rising coal prices spells higher profits for coal miners. But even if prices were to more than double from current levels, producing coal-fired power would remain cheaper than power produced by natural gas; coal could rise a great deal from current levels without choking off demand. Better still, the US has 200-plus years’ worth of coal reserves and isn't dependant on imports.

Our first play on coal in The Energy Strategist was Penn-Virginia Resources (NYSE: PVR). Penn-Virginia doesn't actually mine any coal; rather, the company owns major coal-producing properties and leases these properties to miners in exchange for a royalty fee. This fee is based on the value of the coal produced; Penn-Virginia participates in some of the upside in coal prices. Better still, Penn-Virginia doesn't have to foot the bill of hiring miners or paying for expensive raw materials and mining equipment.

And as a master limited partnership (MLP), Penn-Virginia pays out most of its cash flow as distributions to unitholders. Penn-Virginia has a remarkable history of boosting its payout. Over the past three years, the MLP has managed to grow its payout at an annualized pace of 10.5 percent. The current yields stands at just shy of 5 percent.

Since our original recommendation in early June, Penn-Virginia stock is up roughly 21.6 percent assuming dividends reinvested, or about 19 percent in price appreciation alone. It is but one of the MLPs in my income portfolio.

In addition to Penn-Virginia, I recommended a derivative play on coal--the railroads. My favorite rail remains Burlington Northern SantaFe (NYSE: BNI), a stock that's up roughly 30 percent from my mid-September recommendation.

Burlington has the largest network of rail in the PRB. Low sulphur coal from the region is in increasingly high demand by eastern utilities; by burning the low sulphur coal they're able to comply with the Clean Air Act. Burlington now has considerable pricing power; the utilities are willing to pay high transport rates to ensure reliable supplies of coal from the PRB and adequate investment in rail capacity in the region. Railroads will continue to be a profitable way to play the coal story.

2006 Mega Theme #2: Nuclear

Generating almost one-fifth of the world's electricity, nuclear power is a major contributor to the global energy pie. Nonetheless, while investors follow every twist and turn in the oil and natural gas markets, nuclear power and uranium prices remain largely ignored.

But ignoring nuclear power is a big mistake for investors; uranium stocks have been among the best and most reliable performers in The Energy Strategist Portfolios in 2005. Most of these stocks held up remarkably well even when oil and gas stocks corrected sharply in October and my top pick, Canada's Cameco (NYSE: CCJ), is up more than 60 percent from our original recommendation back in March. And this trend is far from over; I see major catalysts for uranium stocks and uranium prices as we head into 2006.

here are a couple of different ways to buy into the nuclear story. The most obvious beneficiaries of an expansion in nuclear power capacity globally are uranium miners and companies that process uranium into nuclear fuel.

Uranium is currently in short supply and the utilities are working off very thin inventories. This marks a dramatic change from the ‘90s when inventories and supply were more than sufficient to meet demand. In recent years, global uranium demand has hovered near 180 million pounds annually; total global mine production is, however, only around half that amount. The world's utilities hold some stocks of uranium and have been drawing down those stocks to meet their needs, consuming roughly 30 to 40 million pounds out of inventories annually.

With the utilities sitting on dwindling inventories of uranium, they're looking to secure new supply. Like coal, uranium is often sold under multi-year supply contracts to utilities--the utilities are increasingly paying up to secure uranium under long term contracts from reliable suppliers. This is precisely why my favorite plays in the nuclear patch are the mining firms.

Companies with reliable production of uranium will gradually see their legacy supply contracts roll off over the next few years. As those contracts expire, the better miners will be signing new contracts at much higher prices. This is obviously a big earnings driver.

Mining Information

Our top nuclear play has long been Cameco (NYSE: CCJ), a stock we added to the growth portfolio when it was trading in the upper 30s. Cameco's quarterly conference calls are truly informative; the company discusses not only its own prospects, it also frequently offers commentary on the nuclear and uranium industries at large. Because Cameco is the world's largest miner of uranium and sits on more than 65 percent of the globe's known reserves, its management team is uniquely positioned to comment on the nuclear industry.

Cameco has long held that 2008 will be a critical year. Many utilities have projected supply needs that will arise after 2007. They simply do not have the inventories or supply agreements to cover their uranium fuel needs.

In Cameco's most recent call, management stated that the duration of uranium supply contracts is getting longer. A few years ago, utilities were willing to accept uranium supply contracts of roughly three to five years duration, a sign that the utilities were relatively confident in their ability to obtain supply. But now the utilities are increasingly looking to sign 10-year or longer supply contracts. They're desperate to secure long-term supply of nuclear fuel.

Perhaps even more interesting, Cameco offered some color on the contracts it's been signing. Increasingly, the company has been able to sign long-term contracts at a premium to prevailing spot rates: Utilities are willing to pay premium prices to secure supply from a reliable producer. Cameco is also signing contracts with escalation clauses.

We were early in recommending Cameco and the stock has proved one of the best recommendations in 2005. Nevertheless, it's still the blue chip play on the nuclear industry and one of the only miners with scope to dramatically ramp up capacity over the next few years; Cameco has promising projects in Canada, Australia, the US and even Kazakhstan. With some of the lowest mining costs of any miner globally, Cameco will see tremendous growth in profitability over the next few years. If you want to play the nuclear story, buy Cameco.

For more information on these mega themes, please visit: http://www.energystrategist.com/uijan


© 2006 Elliott H. Gue
Editorial Archive


KCI Communications, Inc.
1750 Old Meadow Road, Suite 301
McLean, VA 22101
703-394-4931 phone 703-905-8100 fax email

$100 URANIUM BEFORE 2010
by Elliott H. Gue
Editor, The Energy Letter
October 30, 2006

In the August 4 issue of The Energy Letter, I outlined my bullish case for uranium prices. Simply put, the supply/demand balance for uranium is tighter than for just about any other major commodity; supply of natural uranium from mines just isn't enough to cover even current demand. And with a global building boom for nuclear power plants underway, demand for uranium is only going to rise.

Consider that, in 2005, the world consumed roughly 175 million pounds of uranium while total mine production was just 110 million pounds. That 65 million pound deficit was covered by a combination of reprocessed nuclear warheads and inventories of uranium owned by utilities and the government. But inventories are now running low, and the deal with Russia to reprocess nuclear warheads into plant fuel is set to end soon.

To make matters worse, two weeks ago the outlook for uranium supplies got even tighter. The world's largest uranium producer, Canadian mining giant Cameco, announced a problem with its Cigar Lake mine: A rock fall at the mine resulted in the rapid inflow of water. The reaction to this news highlights the fragility of uranium supply and the potential for a uranium supply squeeze during the next three years.

The first step in producing uranium fuel is mining natural uranium. There are a few ways of doing this. Two of the more common methods are surface mining and in-situ leach production. The former is akin to strip-mining coal or any other mineral; the latter involves pumping acid down a hole and dissolving the uranium. Acid and liquid with dissolved uranium is known as pregnant liquid; this can then be pumped back to the surface and the natural uranium separated.

As with any mining or drilling operation, producing uranium isn’t an exact science. Even after a particular mine has been well studied and the geology is well known, a host of events can delay production or reduce the rate at which uranium can be mined. Rock falls, equipment shortages and malfunctions, and even the lack of skilled available labor can all conspire to delay projects. Delays are particularly common for more technically complex underground operations.

In the oil and gas market, the delay of a single project can certainly have a short-term effect on prices. But those moves tend to be short-lived; there are so many wells producing oil and gas worldwide, the delay of a single project or operation isn't likely to have a huge impact on global supply.

That's not the case with uranium. A lot of hopes were riding on Cameco's Cigar Lake project. It's one of the largest and richest uranium mines anywhere in the world.

In fact, this single mine is supposed to produce 18 million pounds of uranium per year at full production, equivalent to more than 10 percent of global uranium demand and more than 16 percent of 2005 global uranium production. Utilities had already contracted with Cameco to source uranium from this mine once it started producing.

But Cameco announced that the rock slide has caused serious damage to this mine. Cameco workers tried to close two bulkhead doors to isolate the inflow, but one of those doors didn’t seal properly. The water, under tremendous geological pressure at a depth of nearly 500 meters (1,500 feet), rushed in at a rate of 1,500 cubic meters per hour.

This was way too fast to be controlled by electric pumps installed in the shaft. In the end, Cameco was forced to close other bulkhead doors and allow a large section of the mine shaft to flood entirely. Cameco now believes it’s stemmed the inflow of water, and the current bulkheads are designed to handle the pressure effectively.

But the damage is done. Given the flood, Cameco's management estimates the Cigar Lake project will be delayed by at least one year. Scheduled to start producing uranium in early 2008, it now looks like early to mid-2009 for this mine. And Cameco was careful to state that this is just a preliminary estimate; the delays could ultimately be far longer.

This is a near-term negative for Cameco. The revenues it would’ve earned selling this uranium will now be delayed by at least one year. There has been some speculation that Cameco would experience major financial woes as it was forced to source uranium elsewhere to cover its supply contracts. In my view there's absolutely no evidence of that; Cameco is the most-experienced company in the uranium business and knows the potential for mining delays.

Cameco made sure the contracts based on Cigar Lake production were written to allow Cameco to delay delivery in the event of just such an accident. In addition, Cameco has a large amount of uranium in inventory--enough to give it a cushion against further delays. Management made sure to highlight its contract coverage during the conference call immediately following the accident.

But the far more interesting implication of the accident is the big supply squeeze now developing in the uranium market. By around 2008, some utilities will be running low on uranium inventories to fuel their existing reactors. Some of these companies were undoubtedly factoring in Cigar Lake production in their supply plans. With that production now delayed and uncertain, they'll need to look for alternative sources.

There aren’t many other sources of uranium out there to fill the void. The spot market for uranium--the market for immediate delivery--is extraordinarily illiquid. Because there aren't many buyers and sellers, it would be next to impossible for a company to enter this market and make a huge purchase; such a move would undoubtedly be noticed and lead to a huge spot market price spike.

There are a handful of mining companies--literally about four companies globally--that are scheduled to begin significant uranium production in the next two to three years. With Cameco's project at Cigar Lake delayed, the value of the production from these near producers just shot up immensely. There are few situations more profitable for a mining firm than the ability to bring significant new production online into a supply-constrained market.

In addition, there are two publicly traded firms--one in London and one in Canada--that buy and hold physical stocks of uranium. They are in a closed-end fund or exchange traded fund that owns uranium. The price of these securities tends to rise and fall with the price of uranium itself.

Both the near producers and the uranium holding firms shot higher on Cameco's announcement--most on the order of 15 to 25 percent last week. But that's only the beginning. The actual cost of uranium has very little effect on the cost of nuclear power. In fact, a doubling in uranium prices would likely only lead to a 7 to 9 percent rise in the cost of nuclear power. In contrast, if natural gas prices double, natural gas-fired power costs about 80 percent more.

The result is that nuclear power producers aren't terribly price-sensitive when it comes to the cost of uranium. They're willing and able to pay up for supply; the prime consideration is just securing supply to keep the lights on.

I can see a bidding war developing as utilities scramble to secure supply from the few companies that can actually bring supply to market. Bottom line: Uranium now costs around $55 to $56 per pound, and I expect to see a quote of more than $100 before 2010.

At $100, some of the junior producers with significant production coming online in the next two to three years will be in the catbird's seat.

Elliott H. Gue is editor of The Energy Letter.


© 2006 Elliott H. Gue
Editorial Archive


KCI Communications, Inc.
1750 Old Meadow Road, Suite 301
McLean, VA 22101
703-394-4931 phone 703-905-8100 fax email

CRISIS AT CONOCOS CIGAR LAKE MINE!!!!

By Dave Forest

Crisis at Cigar Lake: TIME TO BACK UP THE TRUCKS ON URANIUM STOCKS!

Ever since I got onto the uranium story back in 1998, I have remained a steadfast believer that yellow cake was headed north of $100. The rationale for that projection is as clear to me today as it was back then. Simply, nuclear power is the cleanest, safest, cheapest and most abundant source of mass energy on the planet. Yet, thanks to environmental alarmists, almost universally ignorant of science and technology, egged on by an arm-waving priest class, both new uranium mines and nuclear reactors can take upwards of 20 years to bring on line. As a result, uranium has been in a worsening supply deficit since 1989.

So far, so good on my original call, with prices now topping $60 a pound, up 700% from the low of $7.10 a pound in 2001. Those gains in the underlying commodity have translated, literally, into fortunes for some of our subscribers, those who bought into the uranium stocks we brought to their attention while they were still selling at bargain prices.

But just when I thought the picture for uranium couldn’t improve, the news broke that Cameco’s much anticipated Cigar Lake Mine had flooded.

For reasons explained by Dave Forest, editor of our Casey Energy Speculator, the uranium story just got a whole lot better. It’s a story you’ll want to pay attention to.

Doug Casey


The uranium industry is reeling. On October 23, Cameco, the world’s largest yellowcake producer, announced that its Cigar Lake mine had sprung a leak. Early attempts to seal the affected area failed, and the underground workings are now completely flooded.

This is a pivotal development. Cigar Lake is the world’s largest undeveloped uranium deposit, holding 232 million pounds U3O8 at a grade of 19%. Production from the mine was supposed to begin in early 2008; at peak, it was thought that the mine would have provided 17% of world uranium supply.

In short, this is one of the few projects that could make a significant difference for the uranium market… or, it was.

Cigar Lake’s future is now in doubt. Although Cameco’s management put on a brave face—saying they are “committed to develop plans to remediate the project”—we spoke with several uranium professionals in Saskatchewan who told us they now believe the mine may well be lost completely. At the very least, the flood will push back start-up for a minimum of one year, assuring that supply will be even tighter than anticipated over the next several years.

Considering that the market had little breathing room even with Cigar Lake’s supply, the situation verges on crisis. Especially in that a good deal of Cigar Lake’s output was already sold forward. Those buyers—who thought they had locked in supply—may well be forced to go to the spot market to buy. A further significant jump in the spot price over the coming weeks is a distinct possibility.

At the risk of hyperbole, the loss of Cigar could kick off a spectacular run for uranium stocks. Although share prices for uranium exploration companies have had stellar gains over the last three years (greater than 1,000% in a number of cases) a $5 or $10 jump in the uranium spot price over the coming months could touch off buying of even greater proportions. A frenzy reminiscent of tech stocks in the late 1990s is brewing.

Investors that haven’t already done so should be taking this chance to position themselves in quality uranium issues. While a uranium furor will lift all boats (at least at first), the truly spectacular gains will come from those companies that have the management expertise and prospective projects needed to produce a discovery during the bull run.

Take UEX Corp, for example. In June 2005, when uranium stocks in general were enjoying excellent gains, the company reported a staggering drill intercept of 58.3% U3O8 from its Shea Creek property. The stock jumped 80% in a single day. Less than three months later it was up 180%.

And that was when uranium was selling for $30 per pound. With the price now over $60—and millions of new investors clambering to get a piece of the action—any company that comes up with a discovery stands to make huge returns for investors, nearly overnight. And if recent events at Cigar Lake kick the market into overdrive, gains could be of the once-in-a-lifetime variety.

Which companies have the right stuff to cash in? JNR Resources, one of the companies we’ve been following on behalf of subscribers to our Casey Energy Speculator newsletter, recently reported tantalizing surface samples of up to 48% U3O8 from its Way Lake project in Saskatchewan’s Athabasca Basin. Drilling is planned shortly. Although our subscribers have already made a tidy 85% return on JNR since our initial recommendation, we’re holding on. As the stars continue to align for a uranium mania, an 85% gain will look miniscule.

Of course, we’re not betting the farm on that one company. Another of our followed stocks is a micro-cap explorer sandwiched between uranium majors Cameco and Cogema in the uranium-rich southeast Athabasca Basin. Yet another is pioneering a new uranium district in Quebec. A major producer recently staked land surrounding this company’s projects—meaning that the world’s best uranium finders believe the geology is ripe for a discovery. We made 100% on this stock in 6 weeks, and we’re looking for more.

There is much that needs to be said about the universe of junior uranium explorers, the vast majority of which are little more than promotional exercises, but for now we’ll just say that taking the time to understand the difference between a paper shuffle and a well-run company with scale and grade in the right geological setting is time well spent. As the importance of the crisis at Cigar Lake becomes apparent, these stocks are going to the moon.

To learn more about the Casey Energy Speculator—including how to sign up for a no-risk trial subscription—visit www.caseyresearch.com.

LEARN ABOUT URANIUM MINING!

this great Conoco link will teach you everything you need to know!

http://www.cameco.com/media/fuelcycle/index.html

ASK GLXI QUESTIONS!

We are meeting the Exec's this weekend...
POST YOUR QUESTIONS!!
Post your Questions on the board and we will speak with GLXI executives in PERSON!!! THIS WEEKEND!!!

You have questions NOW is the time to start asking!!!

IHUB member to MEET GLXI!!

More details to come about the meeting this week with GLXI
LOOK for PICTURES to be posted on the GLOBEX BOARD next week!!

GLXI NEW WEBSITE!
Check it out!

http://www.umining.com/

NEW ORGANIZATION STRUCTURE THIS WEEK!

The Company will disclose its new organizational structure within the coming week, including its new Board of Directors (BOD) and operational team. Globex firmly believes that the strength of an organization is based on its people. It is focused on developing an executive and management team that not only is composed of highly qualified individuals in the given business division that they are assigned to (i.e. Uranium Mining or Ethanol) but is also a highly cohesive unit that works well as a team. In addition, the Company intends to form a Board of Advisors that will consult with the BOD on key technical and logistical matters.

URANIUM MINING IN CANADA

• Canada produces about one third of the world's uranium mine output, most of it from two new mines.
• After 2007 Canadian production is expected to increase further as more new mines come into production.
• About 15% of Canada's electricity comes from nuclear power, using indigenous technology. 18 reactors provide over 12,500 MWe of power.

Uranium resources

Canada is the world's largest producer of uranium. In 2004 production at 13,676 tones of uranium oxide concentrate (11,597 tones U) was about 30% of total world production. Its value was about C$ 800 million.

Uranium plays are the hits!! Global Demand growing daily!!
Uranium prices skyrocketing!!

GLXI invites IHUB mod to Headquarters!!!
Mod invited after glowing geology report of MAJOR URANIUM find!
GLXI is gonna be HUGE!

GLXI- NEW WEBSITE!!! Over 5000 hits in 3 days!!!
IHUB member to visit corporate headquarters this week..
GLXI will be HUGE!

GLXI Glowing Uranium Play!!

*Huge uranium find with stellar Geology reports!
*Super low float of 3.5 million shares
*Name change happening in next couple of weeks/days
*super cheap selling price of .19
*board mod to meet GLXI people this week!

It's all of the locusts responsibility to try to post on the community boards and to start up some excitement and to hopefully bring aboard new members who think the same as us..

Instead of doom and gloom try taking a positive approach and sell on the merits of this really terrific play.. We have a Huge Rich Uranium find loaded with other valuable minerals, An incredibly low float of 3.5 million shares and a name change occuring in the next couple of weeks.

Even with a huge selloff by a former mod the price of this stock stayed virtually unchanged and many of the original members are still on a double to triple bagger.

We have one of our mods going on a trip at weeks end to meet the faces behind Globex!! DAMM that's exciting!!! We will get the REAL DOPE on this play.... Show me another board that's like this....

I know I wish the selloff didn't occur because this thing would have ran like crazy but it did... stuff happens but it doesn't reduce my thoughts of the stock it was simply an opportunity for me to buy more and realize it will now take just a little bit longer...

Remember it is up to each and everyone of us to go out there and let the GLXI name be heard!!! So don't whine about low volume go out there and do somthing about it!!

manny you should have them they were not returned in my email

have you tried to contact yahoo... maybe they know about the problem and have a remedy... just an idea...

Mr Bo...

You put tears in my eyes...
I was really touched...
Considering we are all LOCUST members
Lets get together at your house....
and eat your neighbors yard!!!!!!

Great Post....

Birdshot, you and everybody did a great job today.... Our generous benefactor was really counting on the price to be FAR, FAR lower than what it closed at today... All the Locusts hung in there and did a great job fighting back... He threw a lot of shares at us today (433,200 sold) and we are still at .19.. We should be able to get a fresh start next week with an army of new tools and hopefully some exciting announcements.. The new website is awesome, the name change is in action, the Geology reports are stellar!!! We move upwards next week with no resistance... GREAT JOB EVERYONE!!!

This is it everyone!!! THe PARTY'S OVER our generous benefactor has been beaten prior to the close of the market...

THE LOCUSTS ONCE AGAIN PREVAIL...

Raise your bids the cheap shares are WAY GONE!!!

I think our generous benefactor has finally tapped out of those cheap shares.. I know he was trying to give us shares that were a bit cheaper but apparently 1.53m was just not enough for our enourmas appetite!!

We eat fields and apparently large share dumps!!! As far as the amount of damage a locust can do I certainly would NOT WANT to be in a cropduster airplane when we arrive to eat your fields..

It is time to go on the offensive....

To a Dollar and Beyond!

It's the former mod dumping his shares... He has endowed us all the gift of Really Cheap shares of a really great stock...
Without this Gift the stock most likely would have Gapped to a $1 or more!!!! Lot's of exciting news on it's way, we have a name change in progress, a really great short squeeze going on with the mm's and a MASSIVE URANIUM DISCOVERY!!!

Welcome Aboard!!
Were Glad you are here to join us!!!!

Tired of sub-penny Uranium plays that just don't GLOW!

GLXI GLOBEX/UMINING is GLOWING RED HOT!

Check it the NEW WEB SITE!!!!

http://www.umining.com/

See why people are so excited!!!!!
Read the news about a HUGE URANIUM FIND!!
Learn more about the name change in Progress!!
Learn about GREEN ETHANOL!!
Uranium is RADIOACTIVE HOT and so is this STOCK!

We all would like to thank our former mod for supplying really underpriced shares for all of us to fill up on!!!!
His generosity has allowed all of us to buy in at the right price!!! We know the supply is at the end and that GLXI will begin it's ascent to "Da Moon"!!

For those of you who are interested it looks like there is still a few more left so dig in and enjoy a really great PROFITABLE stock!!

When this hits bottom will I fall off of the bottom of the earth? I'm really happy I only bought a few dollars worth, I only bought it to compare to my other Uranium play which is glowing immensly in profits.. I will hold onto my couple of shares... I just don't see it being able to get much worse...
Keep the faith I keep reading this is gonna rebound big... My fingers are crossed..

The GLOBEX/UMINING Calvary has arrived!!!

A FIRST RATE Website from a TOP NOTCH Company!!!!

Check it out at:

http://www.umining.com/

See why people are so excited!!!!!
Read the news about a HUGE URANIUM FIND!!
Learn more about the name change in Progress!!
Learn about GREEN ETHANOL!!
Uranium is RADIOACTIVE HOT and so is this STOCK!

Mr. NITE I hope that's you buying up those RED HOT SHARES cause they are getting ready TO SIZZLE!!!!

READ THIS!!!

The Company will disclose its new organizational structure within the coming week, including its new Board of Directors (BOD) and operational team. Globex firmly believes that the strength of an organization is based on its people. It is focused on developing an executive and management team that not only is composed of highly qualified individuals in the given business division that they are assigned to (i.e. Uranium Mining or Ethanol) but is also a highly cohesive unit that works well as a team. In addition, the Company intends to form a Board of Advisors that will consult with the BOD on key technical and logistical matters.

Read this!!!!!!!!!!!!!

The Company will disclose its new organizational structure within the coming week, including its new Board of Directors (BOD) and operational team. Globex firmly believes that the strength of an organization is based on its people. It is focused on developing an executive and management team that not only is composed of highly qualified individuals in the given business division that they are assigned to (i.e. Uranium Mining or Ethanol) but is also a highly cohesive unit that works well as a team. In addition, the Company intends to form a Board of Advisors that will consult with the BOD on key technical and logistical matters.

This stock is a bargain!!! at .20 is at LEAST .30 cheaper than were is should be right now..

If it weren't for some BOZO selling all those shares this stock would have gapped several days ago...

Absolutely some big buyers are gonna start coming in...

A glittering Geology report that even a novice investor can figure is a MAJOR FIND...

A Name Change in progress with a short squeeze in progress...

The price of Uranium skyrocketing from greater world needs for nuclear power and the flooding of the mine of the major supplier...

The time is now .... Strap on your safety belt, Put your helmet on, Light the fuse...

Were gonna go TO DA MOON!!!! (I had to say that)

Here we GO!!

starting to uptrend...

Here we goooooooooooooooooooooooooo!!!
Maybe Belgium is out of those foul tasting chocolates...
They probably got tainted from all that cropdusting...

The race is back on!

he's getting close and now he has to drop his price, Awwwww to bad! let him keep dropping and then we can get some really cheap shares.. He should run out today..

I think the fort is quite this morning from a late night out... can't get in they must all be here with us getting rich!

WEEEEEEEEEEEEeeeeeeeeeeeeeeeeeeeeeeeeeee!

SQUEEEEEEEEEEeeeeeeeeeeeeeEEEEEEEEEEEEEEEZE Time!

I feel sorry for the fools that just got out of this play - nOT!

Any LOCUST interested in the CHART SCHOOL should contact me and I will collect the information and forward the appropriate materials via email...

Thank You,

I hopped on board for more today too!

Sounds to me somebody is full of BELGIUM CHOCOLATE....
It always tasted foreign to me...
It is said that many foreigners hate americans.....
At least Locusts have one thing in common we don't hate foreigners...
We are international ...
Invite us over and we'll eat your backyard....

Now, Is finally the time to buy in, listen to the live pr at 4:15 and you know what they will do next. I think the time is finally ripe again.

Oh it's coming.... Like a Tsunami... calm before the big wave...

News to be released on American Wires today... This is the calm before the storm...

Huge Uranium find GLXI..
News only posted on Canadian Wires
Not released yet on American wires
Vast dense reserve found

news on GLXI only on Canadian wires...
best kept secret on fantastic Geology report
Huge Dense Uranium find found!
Price Explosion Immenent!!