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Excellent day on RMIX, in from .49
JADA .44 currently, looking good here. In at .387
Nice to see some news and a movement in the right direction. I added .0075 the other day. I think we can get back over .01 real soon.
Thx for the info, I dont know much about them but a quick check and looking at the chart it sure seems like it got to be near a bottom. Currently .371 bid, fingers crossed.
Picked up JADA at .387 for a bounce
URANIUM INVESTORS INTENSE AS AMERICAN NUCLEAR OUTPUT RISES
http://uraniuminvestingnews.com/3323/uranium-investors-intense-as-american-nuclear-output-rises.html
American Energy Fields, Inc. Commences Trading on the FINRA Over-The-Counter Bulletin Board
URANIUM PRICES SET TO CLIMB
With the recent increase in demand for uranium being viewed as a signal that the spot price has bottomed, sellers have begun to raise offer prices. The buyers have included utilities, producers and intermediaries, and this bullish trend for uranium is anticipated to remain strong.
Spot uranium prices had demonstrated weakness trending downward from a peak of approximately US $136 per pound in June 2007, partly due to Kazakhstan raising production. Supply has tightened lately because with prices in the relatively low range of US $40 per pound, only the most cost-efficient operators have been able to function profitably in the current economic context. On March 19, TradeTech increased the uranium oxide spot price by 50 cents to US$41.25 per pound to reflect the current demand. On March 22, the Ux Consulting Company followed suit by increasing the price of uranium by a dollar to US$42.25 per pound. Providing additional strength to these price increases was the Nymex Uranium appreciation on March 26 of 35 cents to US$42.35 per pound.
Manufacturers, academics, and analysts all seem to agree that the long term fundamentals for uranium prices are compelling. Francisco Tarin, Purchasing Manager at Enusa, a Spanish joint-venture nuclear fuel rod producer, recently said in an interview, “If it goes up to $50 or $60, that would be reasonable because we have seen much higher prices in recent years and the industry could withstand them.” University of Adelaide professor Barry Brook noted that “should the contributing factors be as acute as predicted, the continuing surge in demand for uranium would be extended by a further 20 years.” His bullish outlook at the Paydirt 2010 Australian Uranium Conference was predicated on his forecasts that rising electricity demand and declining fossil fuel dependence will lead to a global demand for mined uranium resulting in price appreciation of at least four times current valuations. Chinese nuclear analyst at Nomura investment bank, Elaine Wu suggested that, “Uranium is going to be the key focus for China because China is not endowed with a lot of uranium resources. Currently even at 8 gigawatt capacity, China has to import about half of its uranium needs.”
The International Atomic Energy Authority, the United Nations’ nuclear watchdog, estimates that in addition to 436 reactors now operating in the world, there are 56 under construction and 200 more planned. Those nuclear reactors are responsible for 15 percent of the world’s electrical power generation and that number is increasing.
China Increasing Capacity
Already the world’s second-biggest energy user, last week China announced the approval for construction of 28 more nuclear power reactors, under a revised target for 2020 to meet rising demand for clean energy and accelerate development of the industry. Each of these reactors will produce one-gigawatt of energy and cost as much as US $2.1 billion to build. A one-gigawatt reactor can generate enough energy to power 800,000 average North American homes for a year and takes approximately 50 months to build.
Tony De Vuono, senior vice president and chief technology officer at Atomic Energy of Canada Ltd., said, “China will be the world’s nuclear industry leader in terms of technology and also in terms of planning for long term 30-40 years.”
Company News
The U.S. Department of Energy reached a joint US $90 million cost-sharing agreement with USEC Inc. (NYSE:USU) on March 23, to fund advanced centrifuge research and the development of uranium enrichment technology. Washington balked on a funding measure in 2009, citing technical issues at the existing plant in Ohio. USEC Chief Executive Officer John Welch said,”We have made significant progress and continue to work hard to address the recommendations of (the Department of Energy’s) independent engineer…we appreciate (the Energy Department’s) vote of confidence in the American Centrifuge technology.” The market has also demonstrated confidence since the agreement on Wednesday with share prices appreciating from US $5.36 per share to US $5.80 at Monday’s closing.
On March 24, Uranium North Resources Corp. (TSX-V:UNR) released an announcement that it was awarded 13 prospecting permits totaling 585,326 acres forming the wholly-owned Aura consolidated gold property in Nunavut.
Mark Kolebaba, President and CEO of Uranium North was pleased with the permits, “We believe that we have delineated a very large, essentially unexplored gold district in Nunavut. 100% ownership of this vast area with anomalous gold in till tied together by surrounding high grade bedrock occurrences is a very exciting opportunity for the Company. Rapidly advancing large land packages at low cost in this environment is what we do well.”
http://resourceinvestingnews.com/3349-uranium-prices-set-to-climb.html
American Energy Fields, Inc. Acquires Coso & Blythe Uranium Projects
American Energy Fields, Inc. (OTC Bulletin Board: AEFI; the "Company") is pleased to announce that it has acquired the 4,180 acre Coso uranium project and the 1,320 acre Blythe uranium project in the mining districts of Inyo and Riverside Counties, California, respectively.
The Coso project, including 169 Federal mining claims and 800 state-owned acres, was previously developed by Western Nuclear, Pioneer Resources, Federal Resources, and Union Pacific Mining/Rocky Mountain Energy. An estimated U.S. $20,000,000.00 was spent on exploration and development of the project, including an engineered pit design, where exploration records indicate 5.5 million lbs. of uranium was identified with an average grade of 0.07 U3O8. American Energy Fields, Inc. is currently developing an exploration plan to confirm the historic data with the goal of moving the project towards production.
The Blythe project consists of 66 Federal mining claims in Riverside County, California covering 3 historic mines, the Safranek, the McCoy Wash, and the Little Ore Hill operated by Humbug Mining and Bokum Corporation. According to Bokum's records during the years of 1963 to 1964, the Safranek Mine produced and shipped 1,400 tons of uranium ore averaging 0.80% U308 to the VCA mill in Salt Lake City, Utah for processing. These records also indicate the Safranek site currently contains 100 tons at 0.40% U3O8 and 4,000 tons at 0.30% U3O8 of stockpiled ore, while the McCoy Wash has 3,000 tons of stockpiled ore with a grade of 0.20% U3O8. Bokum Corporation drilled the property in the early 1970s and the results indicated approximately 153,000 lbs of U3O8 while outlining a further potential for an additional 2,000,000 lbs of U3O8. American Energy Fields, Inc. aims to identify, expand, and develop the ore body with the goal of putting the past producing mines back into production.
Company President and CEO, Joshua Bleak, stated, "This acquisition is a major development in the Company's ongoing exploration and development program. To be able to add two projects with such historic significance to our portfolio initiates vertical growth to our Company and shareholder value. Our goal at American Energy Fields is to find, acquire, and develop natural energy resources in the United States. We aim to take advantage of the work done by so many reputable mining companies like Rocky Mountain Energy and Federal Resources to find ore bodies that have been previously identified and developed, thus mitigating our exploration risk and expenses. Our database of mining projects in the Southwest U.S. is unrivaled and allows us to find projects of this significance at a minimal cost to the Company. It is rare to find projects of the Coso or Blythe's significance where resources were developed and mined and engineered pit designs were developed by world class engineers. We look forward to updating you on the progress of these projects as it becomes available."
SHIP holding tight, 1.43 currently. $2.00 has got to be near.
SHIP hod 1.45, maybe we keep seeing new hod every day or two, nothing wrong with that. $2.00 is near.
I sure hope so.
As of January 31, 2010, we had 134,282,396 shares of common stock outstanding, 51,068,216 of which were freely tradable, and 83,214,180 of which are restricted under Rule 144 of the Securities Act.
When was the last float update? 1.5 years ago is all I can find.
In the filing is says OS is 134,282,396 as of January 31 2010. And now the AS is fully maxed at 200 million, id put the float around 130,000,000 imo.
Lets keep it going and we'll be back in the .10's in no time. Gald i got some .07's.
ABK 1.19 pre market, riding free shares now. From my avg of .99
ABK up AH's 48% trading $0.95 cents
Ambac Financial Group, Inc. Announces Fourth Quarter Results
Ambac Financial Group, Inc. (NYSE: ABK) (Ambac) today announced fourth quarter 2009 net income of $558.1 million, or net income of $1.93 per diluted share.
Missed that bottom play for ARYX around .88, nearing $1.00 now
About to hit .14, looking solid.
1.36 on SHIP AH print
SHIP 1.34 HOD, this is only the beginning.
looking nice today, been holding for about a month now. Holding strong. Avg 1.15
Heading to $$ land, .94 currently.
Added 1.083 on VSTNQ and all out at 1.16
Out most at .075 from .062, nice movement today.
GETA an animal, in at .062 out most at .075
Picked up VSTNQ $1.14 for a bounce
Yep looks good, i just had extra funds clear and wanted to add but not sure i want to add $1.24 oh well, it will be good.
Seeing an up tick on SHIP, could be ready. I was gonna add $1.15 if i had the chance but Im locked and loaded.
Still had room to go higher. Just need to let it breathe
Grabbed a few at .0615, gotta break out shortly, great news.
Taking a look, might get in tomorrow. Great volume today. GLTA
ESPH nice steady climb after drop this morning.
Number of shares of common stock outstanding as of March 23, 2010 was 79,373,427
Flipped out .056, riding free shares now. Prolly going higher still. GLTA
Nice trading so far today, grabbed some .041's, lets see what can happen. GLTA
Nice trading so far today, grabbed some .041's, lets see what can happen. GLTA
ZLC $2.70, took a little hit today, might be back in a good range to start adding again. Keep on radar.
why all the selling at .008, is there a negative forecast? Maybe the company is giving out stock to the new IR or something. Guess Ill have to add for now.