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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Nufcor | NU. | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
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|---|---|---|---|---|
| 0.00 | 0.00% | 159.00 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 159.00 |
| Top Posts |
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Posted at 30/12/2008 08:52 by lowersharpnose TSX listing approved and trading begins today...NUFCOR URANIUM LIMITED ('NUL' or 'the Company') LISTING ON TORONTO STOCK EXCHANGE ('TSX') Further to the Company's announcement of 6 October 2008, NUL is pleased to announce that the Company has obtained unconditional approval for its shares to be listed on the TSX, having fulfilled all listing conditions. Accordingly, NUL's shares will commence trading on the TSX at 9:30am EST today, 30 December 2008 under the ticker NU (AIM: NU/). The shares will be fully fungible between AIM and the TSX, giving investors an effective fourteen hour trading day. NUL remains committed to its listing on AIM and believes that the Company's profile and future potential will be enhanced by the additional listing on the TSX. Commenting, Kelvin Williams, Chairman of NUL said: 'We are delighted to have received the necessary approvals for NUL's shares to be traded on the TSX. 'The Board believes that the listing will help improve the liquidity in NUL's shares and thereby increase their alignment with the underlying uranium price. In addition, it will raise the Company's profile in North America and give it access to institutional and retail shareholders in Canada and the USA. 'We continue to believe that the long term outlook for uranium prices remains positive due to the ongoing strong demand forecasts and medium term supply restrictions.'... lsn |
Posted at 24/5/2008 16:24 by sheeneqa Uranium was once white-hot, but it's so cold now you could use it to chill a six-pack of beer. That seems to be changing, though. Just look at the action in the Market Vectors Global Nuclear Energy ETF (NLR). This ETF tracks a basket of 38 companies from around the world that are engaged in nuclear plant infrastructure, uranium mining, uranium enrichment, uranium storage, nuclear generation, nuclear equipment and nuclear fuel transportation -- stocks like Areva, Cameco, Hitachi and more. What's driving the nuclear sector higher? Fueling this move is a pair of recent reports from Merrill Lynch and MacQuarie. Both reports were bullish, and they seemed to reignite investor interest. The spot uranium price is now $60 a pound, while the long-term contract price is around $90. It's likely this disconnect will change, probably by the spot price rising. There are 433 nuclear plants in operation worldwide, 33 under construction, 91 in advanced planning stages, and over 200 proposed. According to the World Nuclear Association, China alone will build 35 reactors in the next 10 years, and has 86 more on the drawing boards. This would raise its nuclear electricity producing capacity by 300%! This is a speculative play only... but if you want to plug in to what could be the OTHER big energy play of the summer, consider NLR. |
Posted at 20/3/2008 12:32 by hattori_hanzo SETS trading should, in theory, mean narrower spreads and more liquidity....BUT! There will probably be Far, FAR more manipulation of the share price by bigger players & the MMs, false orders on the book, different BOTs (automatically programmed trades) at work ,eg: 'Iceberg' BOTs will start to appear.I think it's a fallacy that SETS makes for a more level playing field than MM stocks. As an experienced investor & L2 user, give me MM stocks any day. All imho, dyor...and so forth. |
Posted at 05/2/2008 13:46 by tim tilman - actually this share seems to have held up quite well - just look at the juniors on the venture exchange. Its a sector thing, uraniums, together with PGMs are getting bashed for lots of reason, but none of them need concern investors, its traders that need to worry.A while back when these things were going up every day, it was largely driven by hedge fund money pouring into the sector. Now the hedge funds have bailed out, partly because it went up rather too fast, and partly because they are bleeding cash from other less prudent investments, like paper with a writing on it, something to do with property no doubt. If like me you think the future of energy is uranium, then stop watching the share price and go kick a soccer ball. |
Posted at 11/12/2007 17:07 by papillon Perhaps the seller thinks they see a better oportunity elsewhere tilmanstone? Perhaps someone is a forced seller; they might have died!! There are lots of reasons why investors sell (or are forced to sell). |
Posted at 01/11/2007 10:28 by martincc Resource Investor article re TSE:UUU, comments on uranium supply generallyFalling Supply In October 2006, uranium prices were trading in the mid-$50s. Then Cameco's Cigar Lake disaster happened. Prices rapidly rose 150% in just eight months as the market digested just how tight uranium supplies had suddenly become. Cameco's Cigar Lake deposit was originally forecast to produce up to 18 million pounds starting in 2008, equivalent to 10% of global uranium demand and 16% of global uranium production. Production has now been postponed until 2011. By 2011, 40% to 50% of new production was slated to come from Cigar Lake with the remaining 45% to come from Kazakhstan, which was the world's third top producer of uranium in 2006, behind Australia and Canada. All three hold 60% of the world's resources. If all uranium production in Kazakhstan is reduced by the sulphuric acid shortage, look for prices to boom - especially as oil prices continue hitting record highs and the world ramps up its search for alternative fuel options. Furthermore, No. 2 uranium producing Ranger mine in Australia was hit with floods that could reduce the mine's output by about 25% this year, while the No. 1 producing McArthur mine is facing challenges with expansion. Grades at Olympic Dam, the world's largest uranium deposit, are falling as well. Given the 15-20 years required to bring a uranium mine into full production, and the fact that 66% of the world's uranium production comes from just 10 mines, the demand on uranium production is expected to continue. |
Posted at 25/10/2007 13:48 by sheeneqa That's why I'm looking to catch a bottom in a completely different sector that's even more out of favor than the housing market -- uranium. The uranium sector hasn't been too kind to investors lately. Since hitting a high of $135 per pound back in June, uranium prices have fell to as low as $78 per pound. The 42% downward move has sent once high-flying uranium stocks plummeting. The 500 or so publicly traded uranium exploration companies could not have become more unpopular. From a fundamental perspective, most of those exploration companies would need $80 to $100 uranium to make sense economically. And when uranium prices struck $78 per pound last week, uranium stockholders finally had enough. Most investors bailed out of them and are done with the sector. But institutional investors are just starting to get interested once again. And when the big money moves in, that's when stocks really start to move up slowly and safely. For brave investors, there aren't too many sectors that offer a good value for your investment dollar. Sure, there are going to be winners in technology and other sectors where hot small-cap stocks find a way to go up regardless of the markets, but as for finding an entire booming sector of the United States stock market, you'd be hard-pressed to find one. However, when you look at the bull run in commodities, we still appear to be in the relatively early stages. And now, with uranium prices leveling off and turning the corner on an uptrend, it would be best to buy uranium stocks today. Many didn't notice Monday's $2 rise in uranium prices. After all, most investors have been utterly burned on uranium stocks. And many that I meet were very late to the party and found themselves down as much as 40% or 50%. But just because a stock is down, doesn't mean it offers any value. Uranium could be the next hot sector in a few months. And this week's uptick in uranium prices could mark a temporary bottom for uranium prices. Over the long term, uranium prices will likely remain in the $80 per pound range, and the high quality near-term producers are not only going to survive, but thrive as well. Not too many people have caught onto it yet, but the uranium reboom is just getting started. It's not going to be like the first time with every uranium exploration company becoming an easy three-bagger. But for the careful, there are going to be some quick doubles out there. andrew mickey TFN |
Posted at 23/10/2007 15:11 by sheeneqa Investment Director, The Oxford ClubDear Investment U Reader, The spot price of uranium has pulled back 42% over the last five months. And Wall Street's been relatively cold on uranium mining stocks because of it. Cameco (NYSE: CCJ), for example, is 20% below its 52-week high. But the industry is staging a comeback... Demand for uranium has never been higher. And current prices present an attractive buying opportunity. Here's why... Record Demand, Dwindling Supplies In all, 440 commercial power plants, 284 research reactors and 220 ship and submarine reactors require uranium to fuel their operations. And reactors worldwide have used up nearly twice the output of all the uranium mines in the world in the last year alone. How did the mining capacity fall so far behind? After the Cold War, nuclear arms production ground to a halt. As a result, enough uranium was stockpiled to feed existing reactors for many years. During the 1980s and 1990s, no one even bothered to mine it. Add to that the 1993 deal signed by the U.S. and Russia calling for the dismantling of Russian nuclear warheads and the feeding of the resulting diluted fuel to U.S. existing reactors, and the demand for mined uranium simply vaporized. Oil was at $17 a barrel then, and no new nuclear power plants were on anyone's drawing boards. Fast-forward to 2007... and $88-oil: Annual worldwide uranium demand is roughly 150 million pounds, reserves are dwindling, and U.S./Russia weapons agreement has expired. And it's going to get worse... a lot worse. More than 100 new reactors are under construction or in the planning stage, worldwide: 21 in the U.S., 30 in China, 11 in Japan, 20 in India... and a whopping 42 in Russia. The resurgence of interest in nuclear energy as a viable power-generating option has got suppliers of the precious metal scrambling. Right now, there's simply not enough inventory to meet the current reactor capacity. In fact, existing reserves could be gone in less than a decade. And miners must find a way to increase production by 50% just to keep pace. What's more, the Energy Watch Group estimates that of 300 uranium mines studied, roughly 90% have ore grades below 1%. Why is this important? Mined uranium must be significantly enriched before it can be used in a reactor vessel. What this means is that with mostly low-grade ore, a greater amount must be mined just to keep up with the enrichment required for reactors. Right now, the price of uranium stands at roughly $78 a pound, down from $136 this summer. But the recent downward price move is no reason for alarm... The Department of Energy recently flooded the market with some of its reserve supply to alleviate spot shortages. But the short-term boost to inventories won't satisfy the immense reactor demand for long. The good news for investors is that it takes five to eight years to bring a new mine on line. The barriers to entry are high. And that's great for anyone holding shares in established producers. |
Posted at 24/8/2007 03:19 by vernit Interested in Uranium stocks - particularly Geiger - for the future but no holding at present.Snippet on NU in Shares Magazine [23 - 29 Aug] - page 34 Precis: "NU has gone from small premium to Uranium [U] price to over a 30% discount - business similar model to exchange traded funds. NU's tracking of U price has become displaced due to price weakness and big investors reducing holdings. NAV of NU at 31 July was 420p per share - current share price of 276p is 34% discount, but it is likely that NAV has since slipped to give a 23% discount - possibly still a bargain investment due to underlying strength of U price since 2003. Several hedge funds have been selling stock making it less tightly held and increasing liquidity in the stock." |
Posted at 23/8/2007 11:43 by sheeneqa Uranium Correction Provides Buying Opportunityjay taylor.... kitco comment. If uranium is not money, why do I expect it to hold up well if we run into a deflationary scenario over the next few years? Because I have talked about this at some length in the past, I'm not going to write too much more about it now except to say that there is a shortage of uranium in the world to meet the needs of the existing 440+ nuclear reactors operating around the world right now. These reactors supply a significant amount of the world's electricity. There are no substitute fuels for these power plants, so that the price of uranium can rise very dramatically - even much higher than the $136 that U3O8 hit earlier this year. In other words, this metal is price inelastic. There are no meaningful new supplies of this metal coming into the market for another 5 to 10 years. If we go into a major depression, there would be a reduction in demand for electricity, that is for sure, but a basic amount of electricity would still be required to hold society together. So the existing power plants would still need to secure uranium to stay in business, and there simply isn't enough of it around to meet even a reduction in demand for electricity. Thus, even if we enter into a significant recession/depression One more detail I would like to point out is that with the most recent decline in U3O8, its "real" (inflation adjusted) price is now back to its prior peak of around $111.69 in 1976. With this "real" price of uranium at these heights, we think as long as U3O8 is priced in the $80 to $120 range (in real terms), the economics for uranium mining companies should remain very robust. While the market for commodities these days can be very fickle, the pullback from this sector by the investment community (perhaps most significantly hedge funds at this time of credit strains) provides alert investors with an opportunity to increase their exposure to this sector. So, we see the most recent decline in the price of uranium and in the shares as a golden opportunity for investors to acquire uranium shares for their portfolio. |
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