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How Putin Conquered South Africa, Russia Uranium Victory over the United States
Jan 14, 2014 - 01:57 PM GMT
By: Marin_Katusa
In the global war for energy supremacy, Russia has won another victory over the United States.
This time, the battleground has been South Africa, where Russia's state-owned nuclear power company, Rosatom, has just signed an agreement to build eight new reactors. Once all of them are operational, South Africa's nuclear capacity will increase more than sixfold—from 1.8 gigawatts (GW) to 11.4 GW over the next 15 years.
This means that Russia will help develop the entirety of South Africa's nuclear energy sector, including financing and training.
And just as importantly, South Africa will be using Russia's nuclear fuel.
Rosatom has been busy signing these types of deals with other foreign countries as well—Finland, Turkey, Ukraine, even the United Kingdom—which guarantees that Russia will be able to keep a stranglehold on these countries' nuclear industries.
The strategy is clear: Rosatom is aiming to become the world's largest supplier of uranium in the coming years.
Remember what we said about the ongoing "Putinization" of Europe's oil and gas; how Russia is planning to leverage its control over Europe's energy to gain political and economic benefits?
The same thing is happening in uranium, except the stakes are even higher—because Putin is now looking to dominate the global nuclear market.
Russia and the former Soviet nations (colloquially called "the -stans") already control nearly half of the world's uranium supply:
Similarly, they hold more than half of the world's capacity for uranium enrichment, a necessary part of fuel fabrication:
Note that the United States only controls 3% of global uranium supply—and less than 15% of the enrichment capacity, despite the fact that it's the largest consumer of uranium in the world.
While nuclear energy powers one out of every five homes in America, the US currently imports more than 90% of the uranium required for its nuclear reactors.
So what happens when one day Rosatom says "Nyet" to the American utilities? You can be sure that they'll be scrambling to find any source of uranium they can get their hands on.
And they'll pay far more than the current spot price of US$34.50/lb. You should know that the price of uranium accounts for just 3% of the total costs of a nuclear power plant, so whether the utilities pay $100 or even $200 per pound of yellowcake is irrelevant, as long as they can keep the reactors running and the lights on in America.
As the US and other countries scramble to get out from under Putin's heavy thumb, for the right uranium producers outside of Russia's sphere of influence, this will be a bonanza for the history books.
***
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http://www.marketoracle.co.uk/Article43950.html
This question is for all on the board. What do you think the chances are that drilling will reveal a lot of gold and why.
What?
What are the odds of us gettng funding this year is the big unknown.
It could be that everyone on the board pumping this stock is flipping at 6, 7. Can make some nice bucks doing this over and over again.
Added shares today.
My grammar wasn't so hot either. Meant to say they should clean up ...............
I don't know who writes the PR'S but they really need to clear up the grammar. Very unprofessional.
I am hanging on to my measly 7M shares. We don't know how long before all the float is in strong and long hands. When they are this will move. Also some good news could give us a nice run.
Exactly. They need to be convinced without any drilling to date.
Absolutely. And you can bet the interested JV parties will be in attendance to get a better understanding of what JB has presented.
Try reading my post a few hundred times. It might eventually sink in. We just have to agree to disagree.
He never said it was certain to happen. WATSON!!
That might be considered Naive. If dealing with the Chinese was a material event then they were correct to tell SH what was going on. Its an investors duty to know what all the possibilities are and evaluate the risk. Thats why all PR'S from any company has the disclaimer. Its their duty to SH's to commuicate material events and then warn investors it may not pan out as expected. Don't chastise them for communicating material events when things do not work out. This is basic stuff.
I am not concerned about the recent PR. It is what it is and of no consequence. I got out of this stock Monday with a 5% loss because there is no certainty about the 5-10 mill needed to start production. Will continue to watch for a better entry point. The China PR's was real substance and good info. If investors could not read in to them the fact that China might want control and George would refuse is there problem.
When you don't know who you are dealing with on the other end it is all B.S. unless it is verifiable.
Retail cannot short a subpenny stock. Check with your broker.
Thanks kyser. Appreciate. Was anything metioned about the state of NJ negotiations?
Thanks Kipp. Appreciate sharing that.
Someone is buying today.
Im confused about the filings because they said that nothing had substantially changed so am concerned about the further delay.
If some real meaningful news comes out about Manufacturing in NJ as well as China. I will be a true believer and will add accordingly.
Nice. I may want some more shares.
I wonder how the NJ talks are going. There was a hint that it looked promissing and they expected to update SH end of January. Nothing said so far.
Evidently there are still cheap shares available. Smart money accumulating.
Perception right or wrong drives the market. This stock suffers from bad perception. Unfortunately, right or wrong it looks and smells like too many other sub-penny stocks. Until perception changes and management takes action perceived to be beneficial it aint going anywhere.
The word moron is being thrown around alot. It they are such sophisicated investors they would be retired on their own Island and not wasting their time here. Unbelievable.
Absolutely right on. George should have kept is mouth shut. All he did was create false hopes because most unsofisticated investors do not read between the lines. Having said that, this time around looks more promissing and worth throwing in a tiny portion of my portfolio. This could be big or it could be a bust. If they do set up business in NJ and China, I just hope the quality control is there. Someone needs to ask him if they have received any certification of the product quality and if any tests are being done in the real world.
Amen to that!
I appreciate your feed back. I certainly would love to attend the open house but my schedule prevents it. This stock has been on my watch list for about a decade. I have been very scepticle up to this point but the CSRV concept may be finnaly refined to the point where they can now prove to the world what they have.I was hoping for more news this month on the US production efforts as stated in the last PR. It appears that they are really on to something with the Hydrogen reactor.
Remember this and take it to the bank:
Quote: "Mining exploration is not instant gratification."
This company is catching my interest. Bought a few shares this week. Have an order in for more. Cautiously optimistic.
Does anyone on this board know how much drilling was done on Pebble that now it is considered the largest gold, coppper, mineral deposit in North America ?
Thank your for posting that. Appreciate!
So i guess we wait for the 3D Inversion Modeling to be incorporated in the SRK report.
Got 500k filled at 0004 this morning. Been nice getting shares at 0003 and most at 0002 the last two weeks.
Duh>>
This news is lacking any real meaningful catalyst.
The market will do what the market will do. If this company has what it takes the price will take care of itself.
Paid commission only on the total order filled.