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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Uramin Inc | UMN | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
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|---|---|---|---|---|
| 0.00 | 0.00% | 389.00 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 389.00 | 389.00 |
| Top Posts |
|---|
Posted at 29/8/2007 17:09 by vanbrussel Anticipated market capitalisation on Admission: £41 million= CAD$ 87.636mNWT @ 38.5% = CAD$ 33,740m Expected admission date AIM-London: Wednesday 13 September 2007 -------------------- AIM - Sch 1 - Niger Uranium Limited (29 August 2007) ANNOUNCEMENT TO BE MADE BY THE AIM APPLICANT PRIOR TO ADMISSION IN ACCORDANCE WITH RULE 2 OF THE AIM RULES FOR COMPANIES ('AIM RULES') COMPANY NAME: Niger Uranium Limited COMPANY REGISTERED OFFICE ADDRESS AND IF DIFFERENT, COMPANY TRADING ADDRESS (INCLUDING POSTCODES) : Registered Office: Walkers Chambers, P.O. Box 92, Road Town, Tortola, British Virgin Islands Company Address: Block A, Ground Floor, 204 Rivonia Road, Morningside, Sandton, Gauteng, South Africa 2057 COUNTRY OF INCORPORATION: British Virgin Islands COMPANY WEBSITE ADDRESS CONTAINING ALL INFORMATION REQUIRED BY AIM RULE 26: ► www.niger-uranium.co -------------------- COMPANY BUSINESS (INCLUDING MAIN COUNTRY OF OPERATION) OR, IN THE CASE OF AN INVESTING COMPANY, DETAILS OF ITS INVESTING STRATEGY). IF THE ADMISSION IS SOUGHT AS A RESULT OF A REVERSE TAKE-OVER UNDER RULE 14, THIS SHOULD BE STATED: The Company was incorporated in May 2007 by UraMin Inc ('UraMin') and NWT Uranium Inc ('NWT') as a uranium exploration and development company. The Company will consider uranium projects worldwide as an active investor and will focus initially on the State of Niger. Following incorporation, the Company entered into the Asset Purchase Agreement by which it agreed to acquire ► NWT's Nigerien exploration properties (the Irhazer and In Gall prospects), which are located in the same geographic area as Niger's two producing Areva uranium mines. In addition, the Company agreed to acquire ► UraMin's Nigerien exploration properties (the Kamas 1, 2, 3 and 4 and Dabala 3 and 4 prospects). The transfer of the exploration properties to the Company is subject to the authorisation of the Niger State Minister of Mines. The Directors are not aware of any reason why authorisation will not be received from the State (Minister of Mines). However, no assurance can be given that such authorisation will be provided. The combined NWT and UraMin exploration prospects (the 'Prospects') cover a total of 1,673,644 acres (equivalent to 6,773 square kilometres) and are all located in the ► Tim Mersoi basin in Niger. The Tim Mersoi basin is a recognised uranium province. Niger has been mining uranium since 1971 and past production from Niger's two operating mines exceeds 100,000 tonnes of uranium (approximately 2,600,000 lbs of U3O8) to the end of 2006. Prospective investors should note that the Company has not prepared a resource classification of any kind, and particularly not under any of the modern standards such the JORC Code, SAMREC, IMMM or CIM Standards. The Directors believe that the Company has the financial and technical resources at its disposal and in particular, to fast-track its exploration programme on the Prospects in Niger. Initial results from NWT's exploration programme combined with previous exploration results have enabled the delineation of high-priority areas. ► MSA Geoservices PTY (Limited) has prepared a competent persons report in the exploration properties ► (which will be included in full in the admission document). The Company is committed to an exploration expenditure in aggregate of ► US$4,400,000 in relation to the In Gall and Irhazer license areas and ► US$12,030,000 for the Kamas and Dabala license areas. On 27 June 2007, drilling commenced on the Irhazer and In Gall concessions. The phase one program included a total of 6,562 feet (2,000 meters) of mud rotary drilling. The drill program was focussed on high-priority areas near radioactive structural domes that were identified during earlier ground exploration. ► The Company will also consider other uranium opportunities worldwide. The Company's interest in a proposed investment and/or acquisition may range from a minority position to 100 per cent. ownership. The proposed investments may be either quoted or unquoted and may be in companies, partnerships, earn-in joint ventures, debt or other loan structures, joint ventures or direct interests in natural resources projects. The Directors intend to actively monitor any investments and/or acquisitions made by the Company. The Directors believe that the current market conditions for uranium projects will provide good opportunities for investment in situations which are, in their opinion, undervalued or capable of producing a satisfactory return. -------------------- DETAILS OF SECURITIES TO BE ADMITTED INCLUDING ANY RESTRICTIONS AS TO TRANSFER OF THE SECURITIES (i.e. where known, number and type of shares, nominal value and issue price to which it seeks admission and the number and type to be held as treasury shares): ► 83,000,000 Ordinary Shares of US$0.01 each CAPITAL TO BE RAISED ON ADMISSION (IF APPLICABLE) AND ANTICIPATED MARKET CAPITALISATION ON ADMISSION: ► No further capital is to be raised on Admission. ► Anticipated market capitalisation on Admission: £41 million PERCENTAGE OF AIM SECURITIES NOT IN PUBLIC HANDS AT ADMISSION: 39.95% DETAILS OF ANY OTHER EXCHANGE OR TRADING PLATFORM TO WHICH THE AIM SECURITIES (OR OTHER SECURITIES OF THE COMPANY) ARE OR WILL BE ADMITTED OR TRADED: N/A FULL NAMES AND FUNCTIONS OF DIRECTORS AND PROPOSED DIRECTORS (underlining the first name by which each is known or including any other name by which each is known): James Mellon Chairman & Director John Stalker Executive Deputy Chairman & Director Marek Jozef Kreczemer Chief Executive Officer & Director Neil Lindsey Herbert Non-Executive Director Wayne Gordon Beach Non-Executive Director John Paul Lynch Non-Executive Director FULL NAMES AND HOLDINGS OF SIGNIFICANT SHAREHOLDERS EXPRESSED AS A PERCENTAGE OF THE ISSUED SHARE CAPITAL, BEFORE AND AFTER ADMISSION (underlining the first name by which each is known or including any other name by which each is known): Shareholder Percentage of the issued share capital before and after Admission ► NWT Uranium Inc 38.50% NAMES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE 2, PARAGRAPH (H) OF THE AIM RULES: None (i) ANTICIPATED ACCOUNTING REFERENCE DATE (ii) DATE TO WHICH THE MAIN FINANCIAL INFORMATION IN THE ADMISSION DOCUMENT HAS BEEN PREPARED (iii) DATES BY WHICH IT MUST PUBLISH ITS FIRST THREE REPORTS PURSUANT TO AIM RULES 18 AND 19: (i) 31 March (ii) 30 June 2007 (iii) Interim results for the six months ending 30 September 2007 by 31 December 2007; Audited results for the year ending 31 March 2008 by 30 September 2008; and Interim results for the six months ending 30 September 2008 by 31 December 2008. -------------------- ► EXPECTED ADMISSION DATE: Wednesday 13 September 2007 -------------------- NAME AND ADDRESS OF NOMINATED ADVISER: Beaumont Cornish Limited NAME AND ADDRESS OF BROKER: Haywood Securities (UK) Limited |
Posted at 31/7/2007 07:47 by keston07 Uramin Declaration of DividendRNS Number:1652B UraMin Inc 31 July 2007 This release is not an offer to sell nor a solicitation of an offer to purchase any securities. The securities referred to in this release will not be registered under the United States Securities Act of 1933, as amended, or the laws of any state and may not be offered or sold in the United States absent such registration or an applicable exemption from such registration requirements. 31 July 2007 UraMin Inc. ("UraMin" or "the Company") UraMin Announces Declaration of Dividend relating to Shares of Niger Uranium Limited UraMin has declared a dividend of 0.0985388 shares in the capital of Niger Uranium Limited (Niger Shares) or cash (in United States dollars) in lieu thereof, per UraMin ordinary share. The dividend is payable to shareholders of record at the earlier of 5:00PM (EST) on July 31, 2007 and immediately before CFMM Developpement (a wholly-owned subsidiary of Compagnie Francaise de Mines et Metaux S.A) takes up and pays for UraMin shares tendered under its takeover bid. All UraMin shareholders will be entitled to the dividend whether or not they have tendered their shares to the takeover bid. CFMM Developpement will not be involved in the payment of the dividend. UraMin shareholders resident outside of the United States and Canada will receive the dividend in the form of Niger Shares. For UraMin shareholders who are in the United States, the dividend will be paid in cash as the distribution in the form of Niger Shares may not be permitted by applicable United States securities laws. The dividend will be paid in cash for UraMin shareholders who are resident in Canada, except that Canadian resident UraMin shareholders who confirm in writing that they are "accredited investors" under National Instrument 45-106-Prospectus and Registration Exemptions will receive the dividend in the form of Niger Shares. Such Canadian Accredited Investors must contact Computershare Investor Services Inc. at (514) 982-7888, extension 7484, in order to receive instructions on how to obtain, complete and submit a written declaration to UraMin. Written declarations from such shareholders must be received prior to 5: 00 PM (Montreal time) on August 9, 2007. If a Canadian resident shareholder holds UraMin shares through his broker or otherwise in the book-based system, he must instruct his broker to complete such a declaration on his behalf in order to receive the dividend in the form of Niger Shares. All Canadian shareholders who do not provide such written declaration to UraMin prior to such time will receive the dividend in the form of cash. Distribution and payment of the dividend to all shareholders will be completed on satisfaction of certain conditions precedent including the disposition of Niger Shares to generate cash proceeds for payment to shareholders who will not receive Niger Shares. Pending such distribution, UraMin will place the subject Niger Shares into escrow. For further information: UraMin Inc: South Africa Neil Herbert, Finance Director Tel: +27 (0)11 783 5056 Canaccord Adams (Nominated Adviser) Robin Birchall Tel: +44 (0) 20 7050 6500 Forward-Looking Statements: This press release contains statements that are "forward-looking". Generally, the words "expect," "intend," "estimate," "will" and similar expressions identify forward-looking statements. By their very nature, forward-looking statements are subject to known and unknown risks and uncertainties that may cause our actual results, performance or achievements, or that of our industry, to differ materially from those expressed or implied in any of our forward-looking statements. Statements in this press release regarding the proposed dividend and the takeover bid for the Company are "forward looking" statements that involve risks and uncertainties. Actual results in each case could differ materially from those currently anticipated in such statements. Investors are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date they are made. This information is provided by RNS The company news service from the London Stock Exchange END |
Posted at 14/6/2007 19:29 by papillon The Swedish investor with his own web site www.loparn.com (its in English as well as Swedish) has calculated a 2007 target price of C$12.65 for UMN. His analysis is very detailed and mathmatically rigorous. I think his analysis makes sense and is suitably cautious. He also reckons that any bid for UMN below C$11 would be a steal. A lot of posters on the advfn bb's like giving price targets but rarely, if ever, give the details, calculations, assumptions and figures necessary to back up their target. C$12.65 equates to £6 per share and C$11 equates to £5.22 per share. I was using loparn's figures when I said earlier today that UMN is currently worth at least £5 per share. Its possible that the Directors could accept a bid lower than £5 per share because they have been more cautious in their assumptions about the future earnings of UMN. After all what UMN will be earning in 2011, when in full production at Trekkopje, is dependent on a number of variables. What value you ascribe to those variables in 2011 affects your current value of UMN. Areva will know what they think UMN is worth to them, but they will obviously try to obtain a bargain and pick UMN up at a cheaper price. If UMN is as desirable as the majority of investors on this bb think then its possible that another bidder(s) might top any bid by Areva. We are not privy to the negotiations and can only guess at the final outcome. |
Posted at 14/6/2007 07:17 by sagem UraMin Inc14 June 2007 14 June 2007 UraMin Inc. ('UraMin or 'the Company') Notification of 2007 Annual General Meeting ('AGM') UraMin announces that on 14 June 2007 it will be posting to shareholders the notice of the AGM of the Company to be held at The Peninsula New York, 700 Fifth Avenue at 55th Street, New York NY10019, USA on 9 July 2007 at 2 pm (Eastern Standard Time). The Company also announces that the audited accounts for the year ended 31 December 2006 are being sent to shareholders at the same time. Copies of the notice of AGM and the accounts will be available from the offices of the Company's legal advisers Fasken Martineau Stringer Saul LLP, 17 Hanover Square, London W1S 1HU and Heenan Blaikie LLP, Suite 2600, 200 Bay Street, South Tower, Royal Bank Plaza, Toronto, Ontario, Canada M5J 2J4 for one month from the date of posting. For further information: Neil Herbert, Finance Director Kudzayi Denenga, Investor Relations Tel: +27 11 783 5056 Nominated Advisor Canaccord Adams Limited Robin Birchall Tyler Broda Tel: +44 20 7050 6500 Toronto Steve Vaughan Tel: +1 416 643 6924 UraMin (www.uramin.com) was established in 2005 to acquire and develop mineral properties, predominantly uranium. Following the private placement the Company currently working capital of approximately US$285 million and a market capitalization of approximately US$2 billion on an undiluted basis. UraMin (www.uramin.com) is traded on the Alternative Investment Market of the London Stock Exchange plc and the Toronto Stock Exchange under the symbol UMN. UraMin is currently focusing on the development of its advanced stage exploration projects at Trekkopje in Namibia, Bakouma in the Central African Republic and Ryst Kuil in South Africa. Through a South African joint venture, UraMin also enjoys additional prospecting license applications for important uranium deposits in the Karoo, South Africa. No assurance can be given that remaining applications for prospecting licenses will be successful. Forward-Looking Statements: This press release contains statements that are 'forward-looking'. Generally, the words 'expect,' 'intend,' 'estimate,' 'will' and similar expressions identify forward-looking statements. By their very nature, forward-looking statements are subject to known and unknown risks and uncertainties that may cause our actual results, performance or achievements, or that of our industry, to differ materially from those expressed or implied in any of our forward-looking statements. Statements in this press release regarding the Company's business or proposed business, which are not historical facts, are 'forward looking' statements that involve risks and uncertainties, such as estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Actual results in each case could differ materially from those currently anticipated in such statements. Investors are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date they are made. |
Posted at 24/5/2007 23:44 by papillon Hope fellow posters don't think I'm blowing my own trumpet but I did forecast, in post 1943, this morning, that I could see UMN going back to C$6.50 short term. And it did!! Or very, very close at C$6.49. Using the latest exchange rate of 2.15305 gives 301.5p. OK it was only a gut feeling! C$6.49 is on the hypotenuse of the ascending triangle that Martin highlights in his graph. Where do we go from here? The probability is that we will bounce back in the next few days and attack C$7 again.However there is the possibility that we drop below C$6.49 and we could see a much longer period of consolidation, with the share price dropping back to C$6 , or even less. If we drop down tomorrow and close down, at say 300p, or lower then we will have dropped out of a long term uptrend on AIM. Now I don't know what is going to happen. The old adage "sell in May and go away" is wrong; as was pointed out in a recent article I read May is often a good month for equities. Look at 2006. The author reckoned the adage should really read "Sell at the end of May and go away". That was true last year, and evidently its right more times than wrong. That doesn't mean its going to happen this time to UMN, however I shall be watching the share price like a hawk over the next few days. Like I say none of us has a crystal ball but good news this week has failed to ignite the share price UMN has had a good run and investors have good profits.Perhaps big investors feel a lot of the future good news is already in the price? Who knows? If one gets a constant drip of sellers without many buyers around we will start to drift back down until the buyers are tempted again. Who knows? It could well bounce back up over the next few days. We shall see. |
Posted at 22/5/2007 18:28 by papillon Netsdeal, UMN only really took off when it floated on the TSE at the end of Dec 2006. Just look at the chart. It might just be co-incidence but I believe it brought UMN to the attention of a greater number of investors; otherwise why did the company do it? Don't forget the more exchanges you list on the higher your costs. If UMN had "got ahead of all of its peers" because its quoted in London then why are investors still buying it in Canada and why did it really take off when it listed in Canada? I think you are being illogical Netsdeal. Also there are not that many producers, or near term producers, in the uranium mining universe, so it doesn't take long to compare the latest reserves of this handful of companies. YOU ARE NOT LISTENING TO ME NETSDEAL; loparn did not "DIG" out the renewed reserve of UMN!! UMN gave us the figures a few weeks ago in an RNS!! There is nothing for an analyst to dig out; its all there in black and white in the companies RNS!! All loparn did, which anyone else with a rudimentary knowledge of mathematics can do, was work out a figure for UMN's share price based on a PER for UMN in 2011 and compare that with Uranium One. The production figures for 2011 he used were those most recently quoted by UMN and Uranium One in their latest RNS's. "pap, you know, another analyst could dig into EMC's or other RNS-equivalent and also come up with renewed reserve" I just don't understand your reasoning. What do you mean? Only the company can come up with a renewed reserve figure because only the company has all the facts at its disposal. There is nothing for an analyst to dig out. And how long does it take to compare the recent RNS's of UMN, PDN, FSY, Uranium One, Cameco and Dennison, etc? Not long because the UMN peer group is quite small. |
Posted at 25/3/2007 22:52 by marnewton Nothing we don't already know...Chronic Investor: 16 March 2007 Glowing prospects "Quite frankly, we're run- ning out of decommissioned nuclear warheads," says Adam Cooke, director of New City Investment Managers, which runs a uranium-focused fund called Geiger Counter. This reflects how times have changed. For a long time after the Cold War ended, uranium was out of style, as the after-effects of accidents at Chernobyl and Three Mile Island lingered on, and the nuclear power option became equated with long-term environmental catastrophe. But all things are relative, and with the current fashion for laying an imminent future apocalypse at the door of fossil fuels, nuclear power is back on the agenda. Tony Blair backs it. Even the Iranians are doing it. This rapid u-turn in sentiment has had a dramatic impact on the uranium price and, in turn, on uranium mining and exploration companies. Three years ago, there were no dedicated uranium mining companies listed in London. Now there are several, and there are a few more that have added uranium assets to wider portfolios. That's because, as nuclear power began to get its 'green' makeover, the market started to wake up to the dearth of supply. There had been no exploration for uranium for nearly 30 years. Any that was required was extracted from decommissioned nuclear warheads left redundant at the end of the cold war. So uranium market began to glow very brightly indeed. Back in 2002, the uranium price was just under $10 per lb. It started creeping up in 2004, as the metals boom really got under way. But, in the past six months, the uranium price has risen from just over $55 per lb to the current price of $85 per lb - way ahead of what anyone had been forecasting - as supply from Cigar Lake, one of the world's biggest uranium producing mines, was severely disrupted by flooding. Most people thought $55 was high. But, according to the latest fact sheet from Geiger Counter, it would be "a huge surprise" if the uranium price came under any pressure because supply remains extremely tight. And that's led to a lot of activity in the London markets. Last year, the Geiger Counter Fund was launched, offering UK investors exposure to major non-UK-listed uranium miners, such as Paladin, for the first time. Canaccord hosted a uranium conference. Hargreave Hale hosted a uranium conference. And then in November, Sacha Borthwick, formerly of Hargreave Hale, won an award as mining analyst of the year, after a monster survey of the uranium sector that went a long way towards educating a market in which anyone with less than 30 years' experience knew very little about the metal. Companies such as Zambezi Resources suddenly began talking up uranium anomalies on exploration portfolios that had previously looked prospective only for copper or gold. VANE Minerals, which has a hugely diverse portfolio, followed this pattern, and is now drilling up some reasonable-looking uranium targets in Arizona and Utah. In recent weeks, the Hargreave Hale team, which has made uranium something of a speciality, has upped sticks and moved to BMO Capital Markets. So the big boys are finally moving into the space. "Uranium is the talk of the town," says Charles Kernot, mining analyst at Seymour Pierce. "But I'm not the monster bull of uranium that other people are." That's partly because of the simple truth that uranium is hugely widespread in the earth's crust. There may not be much supply into the market at the moment, but there's plenty of the metal in the ground. So the message has to be 'make hay while the sun shines'. Having gone through 30 lean years in terms of uranium, and at least 20 lean years in other metals, this is not a message that miners, or their bankers or brokers, need to hear twice. Big deals are already happening across the sector, with London playing a large part in the acquisition of UrAsia by SXR Uranium One. According to Cailey Barker, mining analyst at Hanson Westhouse, that deal "looks excellent". Most agree, including the boys at Geiger Counter who had invested 9 per cent of the fund in SXR Uranium One. There may now be further consolidation to come, as that seems to be the trend across the wider mining sector. After all, on current trends it will be some years before supply finally catches up with demand. This means that companies, with mining assets that would have been uneconomic at historic prices, suddenly look like potential cash cows. African dream "The happiest place for uranium folk is Africa," says Adam Cooke at New City Investment Managers. That's because the environmental pressures are lower, the mining knowledge and skills base is getting better, and the resources are available on favourable terms. It's not always that easy, though, as Brinkley Mining is finding to its cost. The company listed in 2006 under the stewardship of Gerard Holden, formerly the key man in mining finance at Barclays Capital. He had teamed up with ex-Asia Energy managing director David Lenigas and, between them, they were recognised as some of the best-connected people in the small-cap mining sector. They're also past masters at selling a story, and they sold Brinkley big time. But whether or not the company can hold on to its hard-won - and on the face of it extremely attractive - right of first refusal on all Congolese uranium assets, remains another story altogether, as Congolese police are now investigating the deal (see page 86). The gloom for UraMin's investors, however, has now been dispelled after last year's doubts about the validity of its South African licences were put to rest. The company is going great guns on key assets in South Africa, Namibia and the Central African Republic. The most advanced is Trekkopje, where a feasibility study is due at the end of the third quarter of this year. At the moment, Trekkopje is known to contain 18.4m lbs of uranium oxide in the measured and indicated category, along with a further 139m lbs in the inferred category. It has got powerful backers, a decent management team, and plenty of irons in the fire, including recently-commenced exploration in Alberta. So, with net cash of nearly $100m, it stands a good chance of making it through any choppiness in the equity markets relatively unscathed. Not that UraMin has been suffering too much lately. From a year-low of 46.5p back in July, the shares have risen sharply to their current 259p. In the meantime, Kalahari Minerals, a recent investors chronicle buy tip (1 September 2006), has ticked up nicely from 17p to 26.5p, following decent results on its Namibian property. -------------------- Uranium sector at a glance -------------------- Share Market share-price company price (p) capitalisation (£M) change in past 6 months (%) -------------------- Brinkley Mining 30p 93m +43% Kalahari Minerals 27p 26m +61% UraMin 259p 558m +295% UrAsia Energy 315p 1,511m +143% VANE 22p 32m +123% Zambezi Resources 20p 26m +47% Source: www.investorschronic |
Posted at 14/3/2007 12:45 by sagem Look on the bright side....dont worry folks ;- direct from wall st to cheer you all up :-Investors are now trying to determine which of two economic scenarios to believe: the one that held until last week, which is that the global economy is strong overall, or the one that has cropped up this week, which posits that trouble in manufacturing, housing and automobiles will slowly spill into other sectors. Paulsen is in the bullish camp, believing that the economy will pick up steam in coming months and that the market may hit new highs in the summer. ,,,,,,,,,,,,,,,,,,,, U.S. Treasury Secretary Henry Paulson on Sunday said he feels good about the U.S. economy and does not see the country slipping into recession. In an interview with ABC's "This Week," Paulson offered some soothing words for financial markets after a week of volatility following some remarks by former Federal Reserve Chairman Alan Greenspan that a recession was possible this year. Paulson acknowledged that an economic slowdown is possible, but said he saw a rosier outlook. "Clearly, no one's got a crystal ball. So there's always a possibility that there will be a downturn, always a possibility," Paulson said. "But I don't see it. I think we have a healthy economy in the U.S." He listed the positives for the U.S. economy, saying U.S. exports and consumer spending were strong, and some 7.4 million jobs have been created in the last few years. Real income is up and inflation is contained, he said. Last week Wall Street suffered its worst weekly decline in stock prices since January 2003, in a volatile week that rattled investors and raised questions about the U.S. economy and government borrowing from countries like China. Paulson, who headed the investment banking firm Goldman Sachs before joining President George W. Bush's administration, said debt to other countries should not be viewed as a sign of weakness but as a sign of strength. "As I look at the demand for ... U.S. treasuries, I'm very pleased to see demand from all around the world -- from governments, from individuals -- it's a positive, that foreign investors want to own our treasuries," Paulson said. "Interest rates are lower, it's helping our economic growth in this country." Huge U.S. trade deficits and mounting debt held by foreigners have come under fire from Democrats who control Congress. Paulson heads to Asia this week to talk about trade. He plans to meet with Japanese officials on Monday and also visit South Korea and China. Paulson said the U.S. relationship with China is important and has many dimensions. "I don't believe we need to make China an enemy," Paulson said. |
Posted at 14/3/2007 11:47 by luckypuss1 roks - your honesty on this board is appealling. It is my opinion that this is not a stock to buy into regularly and try to trade frequently. This is going to be a sector that will test the resolve of many a hardy investor. There will be many times when you can get the timing completely wrong. The present correction is the result of many factors such as last Friday being "twichy Friday" in the US when, apparently, they balance their books every month on a Friday; US house market tumbling; US recession affecting investor sentiment; over-heated sector; so called experts announcing the Ur production will now equal demand on the same day as another producer says they have a flood and production will be serverly affected in 2007; and, of course, the classic "let's get small investors worried enough to sell us their cheap shares". You have to make your judgements as to which you believe but one thing is certain - it makes for general unease and uncertainty. You have to re-assess why you entered this sector and when you remind yourself of the reasons, it is still a no brainer. This story has years to run. It gives me pleasure recording closing prices on my speadsheet even on a down day when paper profit goes down because I know it will recover. It is much more pleasurable than seeing a new car in the drive that, daily, depreciates in value and can never recover whatever I do!! This game depends on individual circumstances of course. Hope things go well for you. |
Posted at 15/1/2007 22:59 by papillon Closed at C$4.15 in Canada. Up 17.9%. Equivalent to £1.80. Hence it will open up tomorrow; perhaps increase to 1.75-1.80 before profit taking brings it back. I agree relko that we will see profit takers on AIM tomorrow (both institutional and private investors); we did today. However the Canadian listing seems to be making the running now; see how the News announcements today were timed to coincide with the opening in Canada. The Canadian volume today was high at 2.4 million shares and seems to be increasing. How long before its bigger than the AIM volume? I reckon if UMN had listed in Canada 9 months ago, instead of on AIM, the share price would be a lot higher than it is today. I reckon that the UMN top brass pobably feel they initially listed on the wrong exchange and by listing in Canada, just before Xmas, they have rectified that mistake. Canadian investors caught the uranium bug a long time ago, unlike AIM investors. Compared to its peer group on the Canadian exchanges UMN must look very cheap to Canadian investors on existing reserves; and those reserves could be the tip of the iceberg only, if todays news is anything to go by. |
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