Nufcor Uranium Share Discussion Threads

[gurp] 10/11/2007 23:40

Hi Mitz - how's the tent! better than mmg I hope, remember this is where it bounced after the last big rise.

[sheeneqa] 09/11/2007 12:13

RNS Number:3805H
Nufcor Uranium Limited
09 November 2007



9 November 2007

NUFCOR URANIUM LIMITED ("the Company")
NOTIFICATION OF MAJOR INTERESTS IN SHARES

Nufcor Uranium Limited was notified that, following a disposal, ING Bank NV held
1,220,000 ordinary shares in the Company as at 7 November 2007, representing
2.96% of the issued share capital.

[mitzis] 08/11/2007 07:05

Interesting Rns after hours..

[praipus] 07/11/2007 18:00

Also political factor - big row about clean up costs - could governments end up taxing Uranium to cover clean up costs?

Picture the scene - There would be a terrific run up while the tax is agreed and traders, speculators take positions to buy at pre tax prices then another rise when the tax gets chucked on.

Bit like the tax on cigarrets or petrol I suppose. Perhaps I should be an Economist.

[gurp] 07/11/2007 17:43

melody, partly agree, but I prefer an entry point when indicators support the fundies & chart - I'm greedy. there may be no resistance to 410 but doubt if it will be a straight line rise

[praipus] 07/11/2007 14:03

melody999 one of the charting techniques I read says you should add the difference between the highest high and the recent low to the recent high.

If that makes sence, so assuming recent high of £4.60 and low of £2.70, difference = £1.90 add on old high of £4.60 = target price of £6.50!

[sheeneqa] 07/11/2007 11:19

Exactly, we should see 5,00+ before april next year, thats my sell price this time around...... as Adam Smith said supply and demand my friends..

[melody9999] 06/11/2007 17:12

do NU. chart indicators mean anything when we are focused on uranium price? actually chartist would surely argue that no resistance until 410 with support at 300?

[sheeneqa] 06/11/2007 14:36

The decline in spot uranium prices that began at the end of June came to an end in October. By the end of September, the spot price for uranium had fallen to $75.00 per pound U3O8 and buyers began to re-enter the market. As buyers came to the market, spot uranium prices began to slowly shift over the course of the month.

Several transactions totaling 1.6 million pounds U3O8 equivalent were concluded during October, each at successively higher prices. The price increase began gradually, but by month-end the price rise had gained momentum as news of production shortfalls from a variety of producers made its way into the market. The news that Uranium One would miss its production targets in 2007 and 2008 by a significant margin, followed by the official announcement from Cameco that the production startup date for Cigar Lake is now expected to be 2011, at the earliest , prompted sellers to withdraw from the market. As October came to a close, six buyers were actively seeking just over 900 thousand pounds U3O8 equivalent. Additionally, speculator and hedge funds have re-entered the market although this segment of demand remains highly discretionary. TradeTech's October 31 Exchange Value increased by 20 percent to $90.00 per pound U3O8.

[gurp] 06/11/2007 09:50

QVT is a U.S. hedge fund - could just be a technical reduction - a very small part of their total holding.
love the fundamentals v anticipated rise in U308 price but the chart indicators not the best atm

[juju43] 06/11/2007 09:11

this is another inst. reducing yet share price going up ??????????

[sheeneqa] 05/11/2007 15:52

RNS Number:0482H
Nufcor Uranium Limited
05 November 2007


5 November 2007


NUFCOR URANIUM LIMITED ("the Company")
NOTIFICATION OF MAJOR INTERESTS IN SHARES


Nufcor Uranium Limited was notified that QVT Financial LP held 6,575,496
ordinary shares in the Company as at 2 November 2007, representing 15.94% of the
issued share capital.

[praipus] 02/11/2007 21:40

Middle east money is on its way?

[relko] 02/11/2007 19:01

Absolutely Praipus

[praipus] 02/11/2007 11:53

Distressed seller sub prime issues perhaps?

[tilmanstone] 02/11/2007 00:02

Slightly bizarre that Bear Stearns reduced their holding a few days ago: given the expected Uranium price inflation in the future it seems a strange decision. Hasn't held the price down anyway!

[martincc] 01/11/2007 10:28

Resource Investor article re TSE:UUU, comments on uranium supply generally



Falling 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.

[gurp] 31/10/2007 14:03

ok, give up, what's 'galde', a southern expression ?

[diggsy] 31/10/2007 13:01

Watched this go up all the way the first time, without ever buying in....kicked myself over that. Extremely galde to have a second opportunity at below 300....some interesting trading today...

[sheeneqa] 31/10/2007 11:48

Yes very nice indeed, great when a plan comes together.

[gurp] 31/10/2007 11:25

that's how a daily chart should go.............

[trader horne] 29/10/2007 22:52

indeed. And NU. has 1000 tons stockpiled.

[sheeneqa] 29/10/2007 12:34

Uranium producers offer long-term value
by Garry White

The uranium spot price is now at a six-month low...

Last week, Ux Consulting left its price indicator unchanged at $90 a pound, however, TradeTech, which also sets a weekly spot price, cut its indicator by $10 a pound to $85 per pound.

Using TradeTech's prices, this represents a 38% decline from its $130 peak in June. I believe that this represents a standard technical correction in the long-term bull market. The fundamentals of the industry are sound and fundamental factors tend to reassert themselves.

This is yet another buy opportunity that the recent market rout has uncovered.

The correction took all the wind out of the sails of uranium juniors - but I have been advising readers to steer clear of the junior exploration sector anyway, but it looks like the producers are now good value once again. I still think that the explorers offer too much risk.

Treva Klingbiel, editor of uranium pricing group TradeTech's weekly bulletin, recently noted that that global demand between 2008 and 2013 was forecast at 1.1 billion pounds of U3O8 equivalent, with current planned production falling short by around 200 million pounds.

It was no bad thing that the spot price of uranium has fallen. It had got too far ahead of itself - and uranium buyers knew this. Utility groups will not pay over the odds if they can help it. The major correction in uranium stocks has now occurred.

Uranium supply will continue to be less than demand for many years to come and speculators are also going to keep the market tight.

Hedge funds and other speculators have been entering the market and Australia's Macquaire Bank has estimated that roughly 8,000–10,000 tonnes of uranium equivalent are being held by the market. This should make price rises something of a self-fulfilling prophecy.

So, now's time to top up your holdings of uranium producers – the correction is over. I remain positive on the outlook for uranium underpinned by strong long-term demand growth and underinvestment in new supply.

[juju43] 29/10/2007 09:26

the speculation in uranium has unwound and price should now recover reflecting the capacity constraints and demand . nu and uuu are my bets

[papillon] 28/10/2007 21:22

Aughton 3. If you are looking for other U stocks on the LSE, try GCL (a U investment fund), KAH, VML, MUU, BRM, BKY, URU. There are more.