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Considering it's at .067 right now, you think we see above 7 cents today?
I see you really like ONMC? What do you think is in store for this week?
Oakley Dokley was a leader, I felt the same when the Bulls traded Pippen away.
I'm loving those Celtics right now since my Bulls aren't doing too much this year. Good players but alot of ego's kinda like the Knicks.
Can Ken Lamb upgrade that half azz website, geez my 11 year old son could do better. Anything new here guys?
TY surf. I will watch CIRT this week. I'm also looking at ONMC as well.
Pissed off is more like it. Wait, wait, wait, thats all we do.
Anybody here calling the bottom on the chart?
I have it on radar surfkast. Thx.
have you ever thought about changing your name to Celticsnumba1?
CIRT .10 by Monday? Based on what?
Uranium Spot market unfazed by big news
Publisher: U3O8.biz
Author: Luke Brocki
December 03, 2007
http://www.u3o8.biz/s/MarketCommentary.asp?ReportID=275445&_Type=Market-Commentary&_Title=Spot-market-unfazed-by-big-news
Two gargantuan uranium deals stole headlines around the world this week, yet uranium's spot price remained curiously frozen at $93 a pound.
First, resource-hungry China took a giant leap forward in its quest for foreign energy Monday night, when French nuclear behemoth Areva agreed to supply the country with African uranium for at least the next 14 years.
According to reports, Areva will also build, operate and supply two nuclear reactors in China's southern province of Guangdong.
The value of the deal? The National Post newspaper says about $12 billion dollars and a joint venture with state-owned China Guangdong Nuclear Power Corp. to supply the company with technology and support on other nuclear reactors in the country.
The second deal arrived without fanfare in the Canadian capital of Ottawa. The country's conservative government decided Thursday to join the controversial Global Nuclear Energy Partnership (GNEP). And while the move delighted those eager to see Canada take a bite out of the nuclear renaissance pie, it also infuriated the country's environmentalists.
Gary Lunn, Canada's minister of natural resources, broke the government's silence on the partnership Thursday afternoon, in a release that called on Canada to take charge in the secure development of nuclear energy worldwide. The country is, after all, the world's largest producer of uranium.
The project, led by American president George W. Bush, aims to stop nuclear proliferation and control radioactive waste, but opponents point out the plan to reuse nuclear waste goes against a flurry of North American national security laws in place since the 1970s.
To boot, the move was largely unexpected, since it followed months of silence by the country's government. Canada had clearly been in talks with GNEP members for months, even attending a related planning conference in September as an "observer", but refused to make public comment on its involvement in the pact.
Now, not only is it playing ball, it's also planning to review its aged relationship with government-funded Atomic Energy of Canada Ltd (AECL). At the same time, the company was signing a memorandum of understanding with its Russian counterparts around potential future cooperation on the nuclear front, just months after penning similar deals with Chinese and Argentine nuclear officials. Critics of the announced review fear it's a move toward privatization.
But let's look again at the GNEP. The pact essentially proposes a deal between uranium-rich and nuclear-fuel-hungry countries: All spent nuclear fuel is to be returned to the original exporting country for reprocessing and disposal.
Of course, given Canada's role as the world's largest uranium exporter, critics fear the country could become a dumping ground for much of the world's nuclear waste.
Minister Lunn vehemently denied this, telling the Commons on Friday that Canada would under no circumstances accept any spent nuclear fuel from abroad.
So there are wrinkles to be ironed out, to be sure. And, though widely criticized, participation in the GNEP could mean big bucks for Canada's nuclear industry, since an increase in reprocessing is also expected to increase the country's exports.
It's expected the news will revive a stagnant uranium market, but it hasn't happened just yet. Come Sunday, both industry indicators, namely TradeTech and Ux Consulting, left the spot price of uranium alone at $93 a pound.
That's a solid month without change according to Tradetech. The gap between willing buyers and willing sellers has allegedly been narrowing slightly over the last few weeks, but no major deals have been signed and no new demand has surfaced on the market.
Still, one of my favourite indices, the Resource World uranium stock index, a composite index based on the performance of nearly 100 uranium companies, skyrocketed mid-week.
It did so as uranium stocks gained ground following the Chinese and Canadian announcements. The index gained 63.65 points, or 4.6 per cent last Wednesday; another 33.59 points, or 2.3 per cent Thursday; and 15.52 points, or one per cent Friday, to close the week at 1,509.30.
Uranium fundamentals remain strong, the metal's term prices are holding steady and, given the flurry of deals and policy changes, it would be surprising if market activity didn't soon pick up.
That could be on the rise Jagman. Nice find.
Would you like to rephrase that post now million? I do understand that if you wish for something hard enough eventually if you have lady luck on your side then you may get it.
But $3? I'll take it but realistically 1.85 seems to be the resistence around here.
Ken Lamb would IMO have to find uranium in order for us to see $3
JMO.
Just came back from vacation eltonfan. What did I miss here?
Thank you frans. I guess I will have to tell the wife to hold on till 1pm before we run to Macy's.
1pm or 4pm? yahoo finance shows the market close as 4pm?
We are sitting comfortably at the 1.95 - 2.00 range right now.
Does anyone know what time the markets close today? Half day trading today? 1pm or 4pm?
What do you think is a good target? $3 ?
you really think so? you think the whole bk talk is bs?
It's still glowing this morning. Volume is okay considering it's a $2 stock.
But yeah the avg volume sux.
are you looking at any good "glowing stocks"
MAHI MAHI!! lol. Hope you are enjoying everything.
Do you know where I can this MNDM report mentioned in yesterday's pr.
"During the past few years the areas that surround Elliot Lake have been the focus of intense geophysical surveying programs conducted by the Canadian government's Ministry of Northern Development and Mines (report titled; "Recommendations for Mineral Exploration 2005-2006" MNDM) as well as countless independent follow up programs that have been conducted by several mid to large sized mining companies.
The purpose of the MNDM report was to provide a better understanding of the geological compositions of the area, to make recommendations, and to help "stimulate and facilitate mineral exploration and the sustainable development of Ontario's mineral resources" (MNDM 2005-2006 report)."
http://biz.yahoo.com/iw/071119/0330260.html
Nothing ever goes up in a straight line so profit taking is always expected.
RTQ tightening up now showing $1.82 X $1.85
I think you are right. Many of the former longs here need approx $5-$10 to break even while myself if BWNR hits $5 that will give me 500% profit.
Life is never fair and so are these pinksheet stocks.
I think I'm gonna buy this car off my friend if BWNR hits $5 per share...tell me what do you think?
E-turd will go bk as their losses are too widespread for a takeover possibility.
jmo.
Did you see or watching BWNR ???
vacation day dart? I thought Thursday was a vacation day for all of us lol
samgj do you really honestly believe we can see $10 per share here?
What would the marketcap be if we did hit that magic number?
Thanks.
RTQ 2.12 X 2.15 now.
I like to burn it!
RTQ 2.06 X 2.10 - OMG!!!
Uranium shows signs of further strength as prices climb above US$90
Uranium prices continue to rise with both of the major market monitors of the nuclear fuel raising their price indicators recently.
Ux Consulting hiked its price by US$3 to US$93 per pound this week, citing more activity in the market. The firm expects prices will climb as offers were being reported above this level. TradeTech moved up US$5 to US$90.
Uranium hit an all-time high of US$136 at the end of June, but subsequently fell to US$75. Spot prices were as low as US$7 per pound in 2000.
UxC has a bullish view on the market, noting that bad news seems to dominate positive developments these days, RBC Capital Markets analyst Adam Schatzker told clients in a note.
Some of this bad news includes a shortage of sulphuric acid in Kazakhstan, which is used for in situ recovery projects. This is leading to production cuts by companies like Uranium One Inc.
Cameco Corp. pushed back the date it expects the Cigar Lake mine to come on line and now sees this happening sometime between 2011 and 2014.
Meanwhile, a deal between the U.S. and Russia to buy uranium from dismantled Russian nuclear weapons expires in 2013. Given that the market isn’t exactly awash in inventories, this development could provide support for the high prices required to encourage exploration and project development, Mr. Schatzker said. Russia also recently asked for prices paid by Cameco to again be renegotiated in order to reflect higher spot prices.
Given the recent US$15 rise for uranium, the analyst says it is showing signs of strength in the near term. RBC forecasts spot prices will continue to strengthen, potentially hitting US$100 per pound by the end of the year.
Jonathan Ratner
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Published Thursday, November 08, 2007 10:27 AM by Jonathan Ratner
Filed under: Uranium, Mining
What price did you get in at?
I was fortunate to get in this morning at .85 cents.
That's one very "bullish" chart neg. Looks like my family will be enjoying their Thanksgiving dinner this year roflmao.
Looks like the next stop is 1.50 here neg.
She's holding steady here with 220k in volume. More than half the ibox float has been flipped.
Ken Lamb's new uranium play will determine if you drive a hyundai or a porsche to work.