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| Share Name | Share Symbol | Market | Stock Type |
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| Abdn.Emrg.Econ. | AEE | London | Ordinary Share |
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Posted at 27/7/2010 21:03 by robson1974 July 27, 2010The Uranium Shortfall Is Coming, According To Alan Eggers Of Manhattan Corporation By Our Man in Oz No-one is better qualified (or named) to egg on investors in uranium companies than Alan Eggers, chief executive of the Australian explorer, Manhattan Corporation. For the past year he has been chief cheer leader of a rather despondent group of Aussie uranium companies which, every time they get a little up-kick in their share prices, get whacked down again by the simply awful spot price for the metal/fuel. Last week, Eggers was at it again as one of the star attractions at the annual Australian Uranium Conference in the port city of Fremantle. In a quick-fire 20 minute address he revved up the 200 or so delegates, explained the exploration plans of Manhattan at its Ponton project in central Western Australia, showed a snappy illustration of the planned in-situ recovery there, and predicted a recovery in the uranium price, something the audience had undoubtedly heard before (yawn), although not lately with such promising echoes in the background. Just as Eggers was explaining why he believed the uranium price is getting set to rebound from spot price of around US$41 a pound and a long-term price of up to US$70 per pound, other people, on the other side of the world, were seeing the same signs. London's own Daily Telegraph newspaper even picked up on chatter emanating from China that a spot of stockpiling is underway, with those inscrutable chaps in Beijing taking advantage of the low uranium price to fill their warehouses ahead of a major expansion in their nuclear power program. The theory that China is buying well ahead of its requirement to fuel 24 new reactors under construction is supported by the World Nuclear Association and Thomas Neff, a physicist at the Massachusetts Institute of Technology. According to the London report, which harmonised seamlessly with what Eggers had had to say in Fremantle a few days earlier, China is in the market for about 5,000 tonnes of uranium despite only needing 2,875 tonnes for its current fleet of 11 nuclear power stations. Early buying of fuel, especially at rock bottom prices, is the sort of thing a country with a spare trillion dollars of savings can do, and which bankrupt European countries can only dream about. If the speculation is correct, and China is really starting to buy now, it could be the first sign of a sustained upswing in the uranium market, following three very gloomy years. |
Posted at 19/7/2010 22:31 by robson1974 Awful news from Forte today.Hotcopper topic titled "Have we been hoodwinked by FTE" This post is interesting though... it is ideal each person skill themselves for the stock market, especially if they are investing in speculative stocks FTE provided sufficient information previously for each investor to calculate a very approximate JORC prior to the announcement reviewing the announcement of 21.6.10, it states & shows: 1. The Bir En Nar prospect embraces a 900 metre long radioactive zone averaging 50-70 metres in width 2. 25 drill results averaging 6.8 metres in thickness & grade of 775ppm With uranium, a 'density factor' is applied to the calculation, of say 2.4 for medium grades. 1,000m x 1000m x 1000m = 1 cubic tonne To calculate a uranium JORC is: Length x width x thickness x grade x density factor = tonnes of uranium x 2204 = pounds of uranium based on the announcement of 21.6.10, the expected JORC would be: 900m x 60m x 6.8m x 0.000775 [775ppm] x 2.4 = 683 tonnes or 1.5 million pounds |
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