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re Uranium:
Uranium 2007 Price Forecast.
Interesting article:
http://www.stockinterview.com/News/01092007/Uranium-Price-Forecast.html
Steve
SSKILLZ1:
You are correct. Sorry.
Steve
For the 1 stock contest, I pick Unor, Inc. (UNI.TO, UNOFF.pk).
I expect uranium stocks to do well again in 2007. While the near term producers were the stars in 2006, and while I expect them to do well again in 2007, I think that there are high expectations built into the price of most of them already. Reaching for the kind of huge returns that will probably be needed for respectability in this contest, I have decided to go with an early stage development company.
Unor, Inc., formerly Hornby Bay Exploration Limited, is a development stage company with interests in exploration and development properties in Canada. Its primary focus is on uranium exploration in the Hornby Bay Basin in western Nunavut, Canada. The primary reason why I have picked Unor over other uranium development juniors is its strategic alliance with Cameco. The details of that alliance can be read in Unor’s filings at Sedar, but essentially Cameco has a 20% stake in the company for which it paid a little over CDN $9 million.
I don’t pretend to be able to evaluate the development potential of the Hornby Bay uranium deposits. But I have invested in Unor on the theory that there is no-one on the planet better able to make that assessment than the folks who run Cameco, and that my money can follow theirs. The price paid by Cameco for its shares was CDN $.40, and for a time it depressed the price of the stock to that level. But the stock has begun to climb in recent times, and, if expectations for the Hornby Basin do pan out, the stock will be a huge winner.
The company is debt free, and at 9/30/06 had CDN $6.5 million in cash.
Ironically, this will not be one of my Pick Six choices, as I am not sure what the next 3 months will bring in the stock. However, I do think by the end of the year, the story will be known.
Playoff week 2 for swb173:
1, 3, 6, 7, 9, 12, 13, 15, 18, 19, 21, 24
Thanks.
swb173
Learned about this pool from MSGI.
Picks: 1, 4, 6, 7, 9, 11, 13, 16, 17, 19, 22
Thanks.
swb173
Len re Uranium:
Apparently UxC has confirmed the Trade Tech price: $72/lb. Frankly, I am expecting $100/lb. by 6/30/07.
I also think that U stocks continue to go up this week, as investors come to realize that we are only in the early innings of this story. Those who once thought that they "missed out" on the uranium opportunity may begin to conclude that it is not too late to participate in what should prove to be a terrific bull market for years to come, punctuated from time to time by sharp corrections like we saw earlier this year. Obviously, all just IMHO.
As I have posted here before, I have had a very tough time figuring out which uranium stocks to buy, so I have bought a bunch of them: CCJ, DML.TO, UEX.TO, SXR.TO, STM.TO, SAN.TO, UNI.TO, ALZ.TO (ugh). Some have underperformed the sector, and I have missed out on some of the best. But overall, it has been a great place to be. Would that the rest of my investments this year did half as well.
Steve
Len re Uranium Portfolio:
I think we are headed for a Triple Wow, at the end of this week.
Steve
re Uranium:
On Friday, presumably after the close, Trade Tech reported that the spot price of uranium had gone up $7/lb. in one week to $72/lb., the largest one week price jump in history. I assume that UxC will come in somewhere close to that number on Monday.
It should be an unbelievable week next week for all uranium stocks. Things are really starting to get interesting.
http://www.stockinterview.com/News/12162006/uranium-price-feeding-frenzy.html
Steve
re Uranium:
On Friday, presumably after the close, Trade Tech reported that the spot price of uranium had gone up $7/lb. in one week to $72/lb., the largest one week price jump in history. I assume that UxC will come in somewhere close to that number on Monday.
It should be an unbelievable week next week for all uranium stocks. Things are really starting to get interesting.
http://www.stockinterview.com/News/12162006/uranium-price-feeding-frenzy.html
Steve
OT re Metal Mania:
Unreal. The Federal Government carves out yet another area where only criminals can profit.
Steve
I am long this stock, but it looks to me that we are being prepared for a shortfall on the $4 million run rate for 2006 predicted in April. Perhaps December will be big, but in the first 2 months of Q4, revenues are about $600,000. We are on pace for $3.7 million or so for the year, and probably a small loss.
It does appear that Q4 will be better than Q3, and the PR suggests 2007 will be good.
re Uranium:
It is reported that the UxC spot price for Uranium is up another $2.50 to $65.50/lb. This price will be posted on UxC's website after today's close, but was available to subscribers yesterday. Trade Tech reported $65 on Friday.
What was once considered a wild prediction -- $100/lb. uranium -- is now considered a foregone conclusion, probably in 2007.
In the meantime, folks like Merrill Lynch are scrambling to update their estimates:
http://www.investorshub.com/boards/read_msg.asp?message_id=15445674
Steve
Wish I owned CXX!
re Uranium:
CCJ looking to make acquisitions:
http://www.bloomberg.com/apps/news?pid=20601082&sid=aZQQWExJrxIk&refer=canada
SAN.TO up 18+% on heavy volume already today.
May make sense to hang on to those smaller "speculative" juniors -- they may soon get swallowed at a premium.
Steve
Tackler re SAN:
Nice to see. Heavy volume. Any idea why?
Thanks.
Steve
re Uranium:
DEN.TO/IUC.TO to acquire Omega Corp. The "first step" in merged entity's "growth strategy":
http://www.resourceinvestor.com/pebble.asp?relid=26856
Steve
SSKILLZ1, Len:
Please freeze MFIC.
Thanks.
Steve
Mike:
That's the number I get. I would buy more if I didn't have so much already.
Steve
re Uranium:
Shareholders approve merger of DEN.TO and IUC.TO:
http://www.resourceinvestor.com/pebble.asp?relid=26374
Steve
SSKILLZ1:
Please trade GACF for LIM.TO
Thanks.
Steve
BBC re class actions:
From the PRs that I have seen, there have been at least 3 lawsuits filed. At this stage, all of the plaintiff firms are trolling for suitable lead plaintiffs. There is no lead plaintiff right now, only named plaintiffs. Over the next 6 months the process of lead plaintiff selection will sort itself out.
The impact that this litigation has upon the company will probably depend upon the adequacy of insurance coverage. If New York Global Group is substantial, or has substantial insurance, the focus may shift to that company.
But Stephanie Tabor is irrelevant. The plaintiff lawyers/firms are the real plaintiffs and are running the show, such as it is.
Steve
Sorry. My mistake.
The 30th.
Company has filed for an extension.
SSKILLZ1, Len:
Please cancel this trade. ZNCM is doing too well today. I'm a day late.
Steve
SSKILLZ1, Len:
Please trade MFIC for ZNCM.
Thanks.
Steve
re Uranium:
Trade Tech reported spot price of uranium at $61/lb. on Friday.
Article suggesting that another 10% jump may be imminent:
http://www.stockinterview.com/News/11132006/Uranium-Poker-Game.html
Things are starting to get interesting.
Steve
PLYCF:
Thanks to brikk and OTC for posting about this stock on this board. Bought some Monday morning at an average price of about $.085, and am obviously glad I did. Any sense of when to sell?
Steve
Had posted link to full report, but see that others already have.
re Uranium:
Interesting article on developments in Russia:
"Russian uranium champion asks BHP Billiton to wait
John Helmer
'08-NOV-06 10:00'
MOSCOW (Mineweb.com) --Following recent talks in Australia with BHP Billiton (BHPB), Russia's uranium processing group Techsnabexport (Tenex) say it is expecting new Russian legislation to be enacted soon, which will facilitate cross-border ore shipments and uranium processing deals with several foreign uranium miners, including the Australians.
A Tenex mission to South Africa, scheduled for this month to discuss expansion of two nuclear reactor fuel supply contracts already under way there, has been postponed until next year.
The Russian legislation, submitted last week to the State Duma (parliament), would create a single state owned holding, to be known as Rosatomprom ("Russian Atomic Industry", Atomprom for short). Until the legislation is finalized and signed, it is not certain whether the holding will incorporate the full cycle of nuclear services from uranium mining to enrichment services. If so, the holding would consolidate four uranium mines and concentrators; two chemical plants; TVEL, the Russian monopoly producer of nuclear fuel; and Tenex, the exporter of nuclear fuel cycle products and services.
In the global uranium market, Atomprom would become the seventh largest holder of uranium ore reserves, trailing Australia, Kazakhstan, US, Canada, South Africa, and Brazil; the third largest producer of nuclear fuel, after Areva of France and British Nuclear Fuel; and the fifth largest uranium miner, well behind the world leader, Cameco of Canada, but ahead of current output from BHPB's Olympic Dam mine.
There are enormous special, not so private interests, and speculative stock positions at stake in how the Atomprom holding would tie together mining, processing and marketing enterprises, and how, in future, these units, once subordinated to the holding management and the state, might be free to make their own capital-raising, shareholding, and other financing arrangements.
In charge of this mighty hen house is one of Russia's most retiring foxes, Sergei Kirienko. He made his name synonymous with state toleration of financial manipulation, when in August 1978, as prime minister under President Boris Yeltsin, the Russian government defaulted on its financial obligations, causing a national bank crash that wiped out small savings, while allowing some of the country's richest men to escape.
Kirienko himself disappeared to Australia for a time after the crash. He has since been rehabilitated by President Vladimir Putin, who first assigned him as the presidential overseer of the Volga federal region; and now, this year, the nuclear energy chief - formally head of the Federal Atomic Energy Agency (Rosatom).
In June, Kirienko announced that the Atomprom holding would be limited to mining assets, and not include nuclear fuel processing enterprises. Investors already view this limited holding as the Unified Uranium Mining Corporation (UUMC). In that option, the holding would be owned by two state shareholders, TVEL and Tenex.
This month the holding proposed for legislative enactment looks more like a full-cycle combination. But only after several parliamentary readings, votes, and the presidential signature, will it be possible to judge what the small print of the Atomprom charter will allow, or disallow.
Through a spokesman, Kirienko, who acts as the president's adviser on the bill, has said he wants all nuclear activities to be self-sufficient and run like businesses, not as part of the state. That implies a backdoor privatization plan or initial public offering that would follow, once the enterprises have been brought under Kirienko's management. In the current overheated mining share market, and fired by the expectation of a steadily rising uranium price, a Kirienko spinoff of state uranium assets could generate a bigger financial windfall than his banker friends made off with in 1998.
Clearly, there are opponents within the government, and also within the holding units, to any move Kirienko might try towards privatization. Tenex believes there will be no dilution of the state ownership of Russia's uranium industry. But with that limitation, Tenex is nonetheless interested in strategic partnerships with foreign uranium miners, and may buy foreign uranium mineral assets itself. "We will never become a classical transnational corporation," Tenex spokesman Dmitri Evstaviev cautions.
A contrasting view has been aired publicly by TVEL. The government may sell shares in the uranium mining companies to help fund expansion, according to Anton Badenkov, acting chief executive of TVEL. In particular, he is reported as calling a proposal to sell stock in the two small Russian uranium mines Khiagda and Dalur as "very attractive''.
A public float of shares in Russian uranium mines would be bound to put pressure on mine management, and the Atomprom holding, to end the transfer pricing arrangement which keeps fuel supplied to the domestic reactors relatively cheap, and thus keep the lid on electricity supply prices for the sector. In this way, Kirienko is attempting to do to Russia's domestic power pricing what foreign energy rivals and energy consumers have so far failed to achieve with pressure on Russia's principal energy producer, Gazprom.
Tenex isn't certain whether foreign investment will be allowed in the holding in the form of a float of holding shares; or in the form of stakes in specially designated joint ventures. Although Atomprom will be fully controlled by the state, the companies in its holding will be free to form joint ventures with private businesses, Kirienko said recently through spokesman, Sergei Novikov.
In 2005, the Russian mines were delivering yellowcake to the domestic processing factories for just over $17 per pound. In recent days, the international spot price for yellowcake hit an all-time high of $60/lb.
Memoranda of intention for the type of limited project partnerships Tenex has in mind have already been agreed with Mitsui and Cameco. As for BHPB, a Tenex source told Mineweb, "it is still far off before we will have concrete agreements. During [last month's] meeting we agreed that we must cooperate - they have 40% of global uranium and we have 50% of enrichment facilities. It is impossible not to co-operate. We’ve reached an in-principle agreement." It is planned that Kirienko will go to Australia next February, following enactment of the Atomprom legislation. Without the provisions in the bill allowing uranium miners to retain ownership of uranium concentrates sent to Russia for processing and re-export by Tenex, the trade which BHPB is contemplating with Tenex would be impossible.
"If all goes to plan, without too many corrections, then the bill could be approved by parliament within this year,'' a Duma deputy piloting the bill said this week.
Kirienko also has ambitions to partially privatize the state's expanding nuclear reactor business, allowing powerful metal interests, such as the aluminium owners Oleg Deripaska and Victor Vekselberg, to receive long-term discounted energy supplies in exchange for financing reactor construction.
The federal government has set a target of increasing nuclear power generation in the country from 15% of total energy at present to 25%, turbo-driven by the construction of some 40 new reactors.
This construction target, announced by Putin last January, implies a build rate of one a half reactors per annum. At the moment, however, according to Stanislav Golovinsky, vice-president of TVEL, "we cannot talk about launching one new unit each year because it is too costly."
In determining the coefficients for the exchange of finance for tariff discounts, a great deal of money is at stake. Kirienko has placed himself in the same well-known position that regional governors and the federal electricity monopoly UES have placed themselves in the supply of power to the smelters until now."
http://www.mineweb.net/energy/394121.htm
Steve
re Uranium:
Hedge funds piling in to uranium:
http://www.theglobeandmail.com/servlet/story/LAC.20061107.RURANIUM07/TPStory/Business
Steve
re Uranium board:
I read the same board. Also, there is a pretty good uranium board at SI.
Steve
Bobwins re uranium:
I committed big bucks to the sector about 15 months ago. I have been in some stocks for the duration, and have been in and out of some. Sometimes my timing on a particular stock has been good, and sometimes not, but over this period of time almost everything has eventually done real well.
I have a feeling that before we have a better sense of who the real stars are going to be, the whole sector will be up another 50-100%. I am inclining toward the "bigger" players right now, because I think that funds and institutional money will be piling into the sector over the next year and will be limited in what they can buy. The announced merger of D E N. T O and I U C. T O has had a terrific effect upon the stock price of both, and I think part of the reason is that the two companies combined are large enough to attract some of that money.
Steve
SLJB.PK:
SLJB announced today that it will post its audited financial statements at its website no later than November 15 -- a self-imposed drop dead date. Between now and then the stock should trend upward. And if the deadline is actually met, and the numbers are anything like the unaudited numbers already given out by the company, the stock could explode to the upside.
Steve
SSKILLZ1, Len:
Please sell CCJ and buy TCLL (double down).
Thanks.
Steve
ZNCM:
I sold half at $1.90. Holding half through this quarter's earnings, unless runup ahead of earnings approaches $2.50. Shares were purchased at $1.43 in May.
Steve
Bobwins:
I finally initiated a position last week in STM.V. Thought that its time had come. Up 13+% so far today. Better to be lucky than good.
Long time favorites of mine also doing well: DEN.TO +6%; SXR.TO +6.5%, after going up about 20+% last week; and UEX.TO up 4.7%.
It could be that all of the current and near term producers are going to take out the highs made earlier in the year.
Steve
re Uranium:
Trade Tech reported spot price for uranium on Friday at $60.25/lb., up $4/lb.
http://www.stockinterview.com/News/10302006/uranium-price.html
UxC will report today to subscribers, and will post after close on Tuesday at its website.
Steve
re Uranium:
Today I sold all May '07 warrants in Uranium Participation Corporation for US$4.45. I am concerned that the stock and the warrants have gotten a bit ahead of themselves, and I do not want to hold the warrants through the weekly spot price announcements by Trade Tech and UxC that will go out tomorrow and Monday.
I have not sold any uranium stocks.
Steve
Warrants:
A word of caution if you are considering warrants in Uranium Participation Corporation: if you are in the United States, you can buy and sell them, but cannot exercise them. So you must get out before the exercise date.
They have performed well during the past year, but are not inexpensive right now.
Steve