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Uranium sector - U.to at $6.09
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steelpiston71



Joined: 02 Jan 2007
Posts: 833
Location: Mt. Pleasant MI USA

PostPosted: Fri Jul 22, 2011 5:02 pm    Post subject: Reply with quote

Another nice set of pops today. FIU led the way on this news:

First Uranium Corp. (FIU) , a Toronto-based company that mines gold as well as uranium, jumped the most in eight months, rising 95 cents, or 32 percent, to 3.90 rand. AngloGold Ashanti Ltd. (ANG) will buy a 19.79 percent stake in First Uranium for about 205 million rand ($30 million) from Village Main Reef Ltd. (VIL SJ). Village Main Reef was unchanged at 1.20 rand. AngloGold declined 1 rand, or 0.3 percent, to 300 rand.

Big bid of 400k after the news of a buyer od FIU shares at $.64 . They may buy more shares. Recently it was only RBC that sold 1.5million shares in a week. If RBC backs off the we may have seen the bottom. Important to see how RBC reacts & if any other institution come in & buy now. There has been very few buyers recently & the stock has been drifting lower.
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steelpiston71



Joined: 02 Jan 2007
Posts: 833
Location: Mt. Pleasant MI USA

PostPosted: Fri May 27, 2011 12:36 pm    Post subject: Reply with quote

Uranium stocks really popping today, can't find any news, anyone have info?
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rogerklam
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Joined: 07 Apr 2004
Posts: 7526
Location: Thornhill, Ontario

PostPosted: Mon Apr 18, 2011 3:06 pm    Post subject: NAV is $7.94 Reply with quote

Trading at $6.38.

http://www.marketwire.com/pres.....428969.htm

eports its net asset value at March 31, 2011 was CDN$854,065,000 or CDN$7.94 per share. As at March 31, 2011, Uranium Corp's investment portfolio consisted as follows:..
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rogerklam
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Joined: 07 Apr 2004
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Location: Thornhill, Ontario

PostPosted: Thu Apr 14, 2011 9:09 am    Post subject: Reply with quote

http://www.bloomberg.com/news/.....l-m-a.html

Uranium companies from Toro Energy Ltd. (TOE) to Mega Uranium Ltd. (MGA) are so depreciated theyíre trading at less than their assets would be worth in a fire sale.

Thatís one reason takeover speculation is increasing after Japanís nuclear crisis made uranium miners 31 percent cheaper relative to book value, according to data compiled by Bloomberg. Toro, which explores for uranium in Australia, tumbled below the value of its net assets, and Mega Uranium trades at a 59 percent discount. The price-to-book ratio for Australiaís Paladin Energy Ltd. (PDN), the most likely takeover candidate among producers according to BMO Capital Markets, slid 21 percent.
    ........
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rogerklam
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PostPosted: Thu Mar 31, 2011 8:06 pm    Post subject: Rick Rule Reply with quote

http://kingworldnews.com/kingw.....ollar.html

When asked about the Japanese tragedy and its impact on the uranium market Rule remarked, ďWell Eric I guess the investment proposition that we have in front of us is the fact that nuclear power is in the news and most of the news is negative which means that the uranium price has fallen and the price of uranium explorers and producers has fallen.

Itís my belief that in most likely outcomes with regards to Japan, use of uranium will not decline and hence the price of uranium and price of companies looking for or producing uranium will rise. This seems to me to be an anomalous speculative opportunity. In particular I think that your readers globally may want to look at the very high quality uranium explorers or producers and buy half of a position now with the view to increasing the position in 3 to 6 months depending on the outcome of events in Japan.
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rogerklam
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PostPosted: Mon Mar 21, 2011 8:41 pm    Post subject: Rick Rule on U Reply with quote

http://kingworldnews.com/kingw.....ecade.html

When asked how the uranium sector going forward will be impacted by the Japanese tragedy Rule commented, ďWell in my thesis on a worldwide demand basis, I donít think itís going to be particularly important. Letís look at a market that uses a fair bit of uranium that is likely to be socially and politically impacted, the United States. 19% or 20% of US electrical supply is from uranium.

If we decided to shut down our existing nuclear plants the lights would go out Eric. Thatís what would happen, the lights would go out, not going to happen. It is likely that as a consequence of what we saw in Japan, that new build nuclear power plants in the United States will be extensively delayed as a political consequence of what happened in Japan. But in terms of impacting systemic demand, demand from existing plants, I see absolutely no impact whatsoever.
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rogerklam
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PostPosted: Mon Mar 21, 2011 3:50 pm    Post subject: NAV $8.75 Reply with quote

trading now at $7.50.

Cheers
Roger

http://www.marketwire.com/pres.....414873.htm
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rogerklam
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PostPosted: Sun Mar 20, 2011 9:00 pm    Post subject: Reply with quote

http://www.goldgeologist.com/update/ma1111.pdf

Mercenary Alert: Why I Remain a Uranium Bull
A Special Alert Musing from Mickey the Mercenary Geologist
Contact@MercenaryGeologist.com
March 20, 2011
Iíve been calling Uranium ďThe Next Big ThingĒ for the past several months. True to my contrarian
nature, I first went bullish on uranium in January 2009 at market lows. Little did I know that it would take
18 months for the spot price of uranium to start an exponential move up. From July 2010 to early
February 2011, the trade increased from $40.75 to $73.00 a pound for a gain of nearly 80%.
An unpredictable natural disaster that actually has made the energy metal the next big thing now confronts
the world. The Fukushima nuclear complex survived the fifth largest earthquake since 1900 with a
magnitude of 8.9 on the Richter scale. However, the reactors were unable to withstand the resulting
tsunami that wiped out back-up electrical power and damaged essential cooling systems. Now we are
facing the second worst incident in the 57-year history of nuclear power generation. ...
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rogerklam
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Joined: 07 Apr 2004
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PostPosted: Sun Mar 20, 2011 9:08 am    Post subject: bullish in U ? Reply with quote

http://www.goldgeologist.com/geologist-video.htm

Mercenary Videos
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rogerklam
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Joined: 07 Apr 2004
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PostPosted: Thu Mar 17, 2011 2:04 pm    Post subject: Reply with quote

http://www.stockwatch.com/News.....p;region=C

FP says Energy Fuels, others have uncertain financings


2011-03-16 09:27 ET - In the News

Also In the News (C-DML) Denison Mines Corp
Also In the News (C-KIV) Kivalliq Energy Corp
Also In the News (C-YEL) Macusani Yellowcake Inc

The Financial Post reports in its Wednesday, March 16, edition that uranium plays Energy Fuels, Kivalliq Energy and Macusani Yellowcake are trading below where they were when they announced plans to raise money. The Post's Peter Koven writes that the three companies filed their prospectuses in the days before uranium stocks melted down. Mr. Koven says there is now uncertainty over whether they will be able to close their deals, and if they will have other financing opportunities anytime soon. Energy Fuels says its financing has not closed and that it is evaluating the situation "almost hourly." Senior uranium producer Denison Mines closed a bought-deal financing on Tuesday, raising $65-million. When Denison said Tuesday it successfully sold 18.3 million shares at a price of $3.55 each, it raised a few eyebrows because the stock is now worth $2.34. In a bought deal, investment banks buy the stock and then place it with institutional clients. The Denison deal involved five banks, with GMP Securities, Cormark Securities and Scotia Capital leading the way. There is speculation some of the institutions in the financing could have shorted Denison stock to protect themselves.[/url]
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rogerklam
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Joined: 07 Apr 2004
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Location: Thornhill, Ontario

PostPosted: Tue Mar 15, 2011 1:09 pm    Post subject: Reply with quote

http://www.321gold.com/editori.....31511.html

4. If you want to open your uranium Christmas presents on Profit Booking Day, you need to face the pain of Christmas shopping now.
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rogerklam
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Joined: 07 Apr 2004
Posts: 7526
Location: Thornhill, Ontario

PostPosted: Mon Mar 14, 2011 10:59 am    Post subject: Reply with quote

Hi,
It is breaking down and I am buying.
Cheers
Roger

http://www.theglobeandmail.com.....rom=sec453
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rogerklam
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Joined: 07 Apr 2004
Posts: 7526
Location: Thornhill, Ontario

PostPosted: Sun Mar 13, 2011 12:01 pm    Post subject: Reply with quote

Hi

With the Nuclear Plant explosion in Japan, this is certainly a very volatile sector. Should be very interesting to watch.

Cheers
Roger
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rogerklam
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Joined: 07 Apr 2004
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Location: Thornhill, Ontario

PostPosted: Wed Feb 23, 2011 7:46 pm    Post subject: Reply with quote

Wow! Many U stocks are sitting on 50-D MA.

Cheers
Roger
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rogerklam
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Joined: 07 Apr 2004
Posts: 7526
Location: Thornhill, Ontario

PostPosted: Mon Feb 21, 2011 12:26 pm    Post subject: Reply with quote

Solar energy just broke out :-

http://leavittbrothers.com/blog/?p=4024

The next sector is Uranium. It is a good bet since it hasn't participated much in this Bull market.

http://www.mexicomike.ca/php/p.....hp?t=15112

Good Luck!
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