Nufcor Uranium Share Discussion Threads

[praipus] 28/10/2007 20:58

juju43 "why back up as fast as it fell" in your opinion?

[juju43] 28/10/2007 08:24

the share price chart will follow the uranium price chart which will go back up as fast as it fell

[trader horne] 27/10/2007 01:10

Aughton, as well as TO:UUU I have SG39 URAX tracker (top 10 or so mining & processing) which is doing nicely. Anyway, see the "U" thread.

[juju43] 26/10/2007 13:16

got into these yesterday. think uranium has turned - so lets go

[enewman36] 26/10/2007 11:49

DOH, just missed out on the 315 price and got 320, shucks!!

[sheeneqa] 26/10/2007 11:43

BLT

U chart in header.

[martincc] 26/10/2007 10:50

TSX:UUU Uranium One (Urasia Energy/SXR merged co.)
Should also have UK listing in next few weeks.

[aughton 3] 26/10/2007 10:43

any1 got any other uranium linked stocks aprt from ura, bgy, cco on tsx?

[martincc] 26/10/2007 10:33

Aughton 3,
See link in header for www.uxc.com
Spot price now $80, up another $2

[melody9999] 26/10/2007 10:18

good to join you guys today. in at 309p.

[aughton 3] 26/10/2007 09:53

can anyone get a chart for the spot price

[qs9] 26/10/2007 09:44

looking good, where is spot price heading?

[juju43] 26/10/2007 09:43

break up from double bottom made me a buyer at 300 . looking more solid now

[gurp] 26/10/2007 09:09

ne1 know why there's no stamp duty on a nu. purchase?

[papillon] 25/10/2007 23:25

350-370p is my short term target. Seems to have broken up through resistance at 300p.

[trader horne] 25/10/2007 21:39

NU being touted in various newsletters. Worth having - I especially like the stockpile - but the NMS is very small so I have a limit order in.

[papillon] 25/10/2007 21:01

URA really went up today sheeneqa. U is back in fashion!

[sheeneqa] 25/10/2007 13:48

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

[juju43] 25/10/2007 10:33

uranium is back .time to get in again

[cootuk] 24/10/2007 22:05

The US seems to be stopping the permissions for building of a lot of new fossil fuel power stations, so the demand for replacement stations can only come from renewables or nuclear.
With British Energy also closing a few nuclear stations for maintenance then the demand for replacements over here is also critical.

[qs9] 24/10/2007 21:03

All looking good IMO for a sustained rise for NU.!

[sheeneqa] 23/10/2007 15:11

Investment Director, The Oxford Club

Dear 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.

[tilmanstone] 17/10/2007 18:16

3% increase in Spot price of U3o8 today.. have we reached the bottom of the Uranium price?

[seizetheday] 15/10/2007 09:18

URA BREAK OUT (FLYING NOW)