ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for charts Register for streaming realtime charts, analysis tools, and prices.

UNX Unigel Group plc

80.00
0.00 (0.00%)
18 Apr 2024 - Closed
Realtime Data
Share Name Share Symbol Market Type Share ISIN Share Description
Unigel Group plc AQSE:UNX Aquis Stock Exchange Ordinary Share GB00BPP4RY41
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 80.00 0.00 15:29:35
Bid Price Offer Price High Price Low Price Open Price
50.00 125.00 87.50 70.00 80.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- 0 80.00 GBX

Unigel (UNX) Latest News

Unigel (UNX) Discussions and Chat

Unigel Forums and Chat

Date Time Title Posts
21/9/201212:01Universal Power Corporation - Nuclear or Oil future? Both covered...2
11/7/200712:53Uranex NL ASX:UNX78
31/1/200619:56Uranex Mining NL ASX:UNX-

Add a New Thread

Unigel (UNX) Most Recent Trades

No Trades
Trade Time Trade Price Trade Size Trade Value Trade Type

Unigel (UNX) Top Chat Posts

Top Posts
Posted at 07/9/2010 20:11 by wstirrup
UNX Energy Corp. is a junior, independent oil and gas company, focused on exploration for crude oil in offshore Namibia, Africa. Headquartered in Calgary, Alberta, Canada, UNX's asset base consists of approximately 51,000 square kilometres (approximately 32,000 net) of offshore acreage, strategically located along the prolific South Atlantic Margin. Development of these highly prospective blocks is being advanced by an experienced management team, qualified technical staff and strong in-country relationships. UNX employs strategic technical expertise to optimize the probability of exploration success in the region. UNX is committed to conducting its business in a socially and environmentally responsible manner, ultimately working towards the goal of sustainable development in Namibia's oil and gas sector for the benefit of all stakeholders.
Posted at 14/2/2007 13:51 by yikyak
Trading halt on UNX, hmmmmm
Posted at 08/1/2007 02:03 by mr ashley james
The Sunday Times January 07, 2007


Metals tipped to shine in 2007
Commodities have soared for five years, but you may have to tread more carefully in 2007. Philip Scott offers some advice


COMMODITIES shone bright in 2006, posting their fifth year of gains, and many analysts expect the bull run to continue as demand from emerging economies, such as China, drives prices higher. But investors will need to be more picky about which commodities they back.
Zinc took the top spot among the metals in 2006, with a gain of 137%, followed by copper at 83% and nickel up 65%, according to Barclays Capital, the investment bank.



Agricultural commodities also posted strong gains as scorching summer temperatures and growing demand for biofuels pushed prices higher. Orange juice finished the year at a 10-year high, corn soared more than 80% and soybean commodities were up 140% Funds investing in companies that mine commodities, such as Rio Tinto and BHP Billiton, have also boomed. The average investment trust in the sector has surged 33% over 12 months and 380% over five years.

After this strong run, some advisers say investors should not expect such a good year in 2007. The global economy is expected to slow, led by the US, meaning demand for some commodities is likely to drop.

Copper, one of last year's star performers, has already had a tricky start to the year. It fell below $6,000 a tonne for the first time in nine months last week, and is down 10% since January 1.

Oil also fell sharply, with prices in London and New York dropping below $56 a barrel for the first time since 2005.

But even if the next 12 months are not as spectacular as 2006, many analysts think double-digit returns are still on the cards. Kevin Norrish at Barclays Capital said: "We expect 2007 to be another strong one for commodity prices. Nevertheless, overall percentage gains are unlikely to match those made in 2006."

Barclays Capital expects zinc and nickel to post the biggest price gains. Stocks of both metals are low, so demand is likely to outstrip supply.

Other strategists predict some of the less well-known commodities will be winners in 2007. Ian Henderson at JP Morgan Asset Management favours platinum. Although its price has already shot up, doubling in the past five years to about $1,130 an ounce, he expects excellent returns.

Platinum is used in catalytic converters, which are fitted to all new cars across the developed world to reduce toxic emissions. US legislation, which came into force on January 1, means they will be installed in all new trucks in America as well.

Leading platinum producers listed on the London stock market include Lonmin and Aquarius Platinum.

Uranium, needed for nuclear power, is also hotly tipped. As with most commodities, China will be one of the main sources of demand. It has nine nuclear reactors, and another six will soon be up and running.

Some of the agricultural commodities, or softs, are also expected to have a good year. Corn is in high demand because of its use in the production of ethanol, an alternative fuel. In Brazil half of all cars run on ethanol.

The British government wants 5% of all fuel sales to be biofuels by 2010 - a twentyfold increase on today's levels.

Cotton is also being tipped because China is importing large amounts for its burgeoning textile industry.

The commodity market is not for the faint-hearted. It should account for only a small portion of your portfolio - about 5% - because the risks are high.

The easiest way to get exposure to the market is through a fund. Mark Dampier of Hargreaves Lansdown, an adviser, recommends First State Global Resources, JP Morgan Natural Resources and the Blackrock Merrill Lynch Gold & General fund. Commodity investment trusts include Merrill Lynch Commodities and Merrill Lynch World Mining.

Exchange-traded funds can give you exposure to individual commodities. Etfsecurities.com offers a number of commodity-based products including corn, cotton, nickel and zinc funds. There is no platinum-based ETF, but there are rumours one is about to be launched. The best way to tap into uranium is to buy Urasia Energy, listed in London.
Posted at 28/12/2006 11:36 by yikyak
free stock charts from www.advfn.com




Having a nice holiday Ash?
Posted at 20/12/2006 02:21 by mr ashley james
Yikyak,

Up another 9.18% in Australia



U308 hits US$72.50Lb ie US$159,500 Mt



Afterall if ASX:UNX hit AU$1.33 when U308 in January 2006 was at US$35Lb ie US$77,000 Mt it surely should be hitting AU$2.66 today at least?

Move from here on ASX:UNX could be substantial IMHO

Great ASX Stock to watch at least when it moves it moves!

Happy XMas and New Year

All IMHO, NAG, DYOR etc

Cheers

Ash:)
Posted at 09/12/2006 12:50 by mr ashley james
Yikyak,

I was amazed how tight the supply demand deficit in Uranium was, mine supply is just 60% of Utility Demand, although this Chinese additional demand is incremental into 2012 it does strike me with CAMECO Cigar Lake out of operation due to flooding, that there really is severe pressure on Uranium supplies.

I am posting some data from August 2005 on supply/demand economics of the sector from UIC in Australia.

"Present world mine output (around 48,000 t U3O8) is little more than half the level of consumption by utilities (80,000 t). The balance comes from inventories held by utilities, recycled material, and substantial amounts fed into the civil cycle from diluted ex-military material."

I think I am right to say you can only obtain licences to mine Uranium in Northern Territories and South Australia.

Take a look and tell me your thoughts.

All IMHO, NAG, DYOR etc

Cheers

Ash:)



The Economics of Australian Uranium Mining

--------------------------------------------------------------------------------


Australian uranium production in 2004-05 was 10,964 tonnes of U3O8, accounting for 22% of world production. This provided exports of A$ 475 million.

With world demand increasing very slowly, albeit steadily and reliably, there is scope for increase in Australian production and export revenue.

--------------------------------------------------------------------------------
In 1994 a major study was undertaken to assess the potential contribution to Australia of an expanded uranium mining industry. The study identified the economic cost to Australia of continuing with the 1984 "three mines policy", which restricted production to two mines: Ranger and Olympic Dam.
Australia has about 30% of the world's low-cost uranium resources but in 1996 only produced about 14% of mine output. This has since increased to 19%. Canada has expanded its production to more than 30% of the world mine output*, on a lower resource base.

* with the temporary exception of 1999, due to preparation for new mine production.

Australia exports all of its uranium production, and in 2002-03 this was worth A$ 475 million in direct export revenue, and perhaps twice as much to the economy. Production and exports are increasing. See also UIC breifing paper # 1.

PROJECTIONS OF DEMAND AND SUPPLY

Present world mine output (around 48,000 t U3O8) is little more than half the level of consumption by utilities (80,000 t). The balance comes from inventories held by utilities, recycled material, and substantial amounts fed into the civil cycle from diluted ex-military material.

All scenarios assume that utility stockpiles will be substantially depleted in the next few years. Recycled material (U & Pu) from reprocessing is not expected to increase markedly, or make a major impact in the market. However, some uncertainty remains about the rate at which Russian (and later, US) military uranium will come on the market. This is high-enriched (often weapons-grade) uranium which is diluted 25:1 to 30:1 with depleted uranium or similar material to bring it to reactor-grade.

The other market factor, as with any mineral commodity, is the rate at which new low-cost producers come into the market. This includes particularly low-cost producers in Russia, Uzbekistan and especially Kazakhstan.

Prices in the medium term are greatly influenced by expectations concerning the rate at which Russian military uranium will actually come on to the Western market (despite agreements which limit it) and by the stockpile of natural uranium held by USEC (much of which was supplied against Russian ex-military uranium marketed by USEC ). They are also affected by the new low-cost production capacity in Australia and Canada.

Whereas in the 1994 study spot prices were projected to rise in real terms to almost US$ 16 per pound U3O8 by 2004 if development of further Australian mines was allowed, the price is now almost double this. (After four years of depressed prices, the September 2003 spot price was US$12.20/lb and by August 2005 it had reached $30.)

Conversely, if secondary supplies are constrained there is considerable potential for the price to rise significantly in the medium term. However, where uranium prices differ from many other commodity prices is in their dependence on a very steady and predictable demand. What is less predictable is the non-mine portion of the supply.

PROJECTIONS OF AUSTRALIAN OUTPUT

While current federal government policy gives mild encouragement to uranium production, Labor Party policy is still equivocal and there are on record threats to close down any developments which are not actually in production if a Labor government is returned. In addition, several state governments oppose uranium development. This is a disincentive to exploration and development here. Accordingly some Australian companies prefer to pursue uranium opportunities offshore, which reduces the medium-term prospects for Australian output.

This uncertainty is occurring as Canadian producers, who are vigorously expanding their production capacity, lock buyers into long-term contracts which will constrain the market for the next decade or more.

Australian production has risen from 4377 tonnes U3O8 in 1995 to 10,964 tonnes in 2004-05. Current annual capacity is some 11,000 tonnes. BHP Billiton plans to triple the uranium output from Olympic Dam to 15,000 t/yr by 2010. The timing of Jabiluka's start-up is uncertain, and in any case it will progressively replace Ranger output as that orebody is depleted, so is unlikely to add to the national total before 2010.

The impact on regional economies in the states and the Northern Territory was canvassed in the 1994 study and shown to be very significant, especially for the NT. Generally a multiplier of 2.5 is applied to indicate a mine's economic effects in the broader economy.



--------------------------------------------------------------------------------

Sources
K. Donaldson, ABARE, Uranium Outlook to 2004-05, Australian Commodities 7,1, March 2000.
Access Economics, July 1994, A New Opportunity for Australian Uranium.
OECD-NEA & IAEA, 1998-2002, Uranium Resources, Production and Demand.
Posted at 15/11/2006 12:57 by mr ashley james
Commodities Date: November 14, 2006

The Uranium Market is Glowing Red Hot

By Rob Davies

All metals have had a fantastic run in this cycle so far but few can match the performance of uranium. Now trading at US$60 /lbon a spot basis it is gone up by ten fold in recent years, if that sort of multiplier was applied to metals we are more familiar with, the numbers would be shocking indeed. The most recent push to the price has come from a water inflow at the Cigar Lake mine being built by Cameco in Canada. This operator is the world's largest uranium miner and Cigar Lake will be one of the biggest mines when it starts production. That was planned for early 2008 but this water inrush, triggered by a rock fall, is expected to delay the start by about a year. While this development won't affect today's market, it will certainly impact on the psychology of buyers and will help to underpin long term contracts.

In the more conventional metals lead and zinc hit new highs last week of US$ 1,741 and US$4,580 a tonne respectively as inventories continued to shrink. Copper, though, saw a small rise in LME inventories and its price retreated US$232 a tonne over the week to close at US$7,060. Nickel also dropped back a little to end at US$31,300, a modest fall of US$75/tonne. These declines were slightly against the flow of the markets because they happened in a week where the dollar fell back against the major currencies, normally a positive feature for metals.

The political "thumping", as President George W Bush described the Democrat gains, may have been a contributing factor to the decline. More likely though, and potentially even scarier, was the statement from Mr Fan. As he is director of China's National Economic Research Institute and has an input into Chinese monetary policy his words count. In contrast to US claims that the renmimbi is undervalued he says the real problem is that the dollar is overvalued. And he should know because China now has foreign exchange reserves of US$1,000 billion of which about 70 per cent is estimated to be in dollars. Dollar weakness was intensified when the governor of the People's Bank of China said that the country was considering lots of instruments to diversify its reserves.

Doubtless these remarks will hugely excite the gold bugs, but the sheer volume of the Chinese reserves, and the already tight gold market, suggests that a large reallocation to gold is highly unlikely. Besides, the lack of any interest income on owning gold would act against it. It is true that it could generate income by lending the gold but again the chances of doing that in any volume are probably very slim. Maybe these two events will precipitate the long forecast, by some, significant decline in the dollar. But the reaction of the metals markets may not quite follow the pattern some are hoping for. In the meantime the fundamentals of the uranium market seem to grow stronger every day.
Posted at 06/11/2006 03:32 by mr ashley james
HDJ,

Sounds like UNX going up, so off to beed.

URANIUM!

CHINA!

Cheers

Ash:(;)-0>

PS Big Opportunity now CAMECO need other Reserves!
Posted at 02/4/2006 22:06 by mr ashley james
Charlie,

Yes certainly will help investor sentiment when you consider the amount of Uranium China will need to supply so many Uranium Plants once built and operating.

UNX has hit AU$0.72 intraday per bigcharts looks like this may well clear the AU$0.65 Resistance level next week.

Obviously continuing news of high grade Uranium drilling from Tanzania will help.

I notice the UNX price move has not yet been fully reflected in ASX:GDM Prices yet.

All IMHO, NAG, DYOR etc

Cheers

Ash:)
Posted at 28/3/2006 23:50 by mr ashley james
Published on 15 Jan 2005 by International Herald Tribune. Archived on 15 Jan 2005.

Uranium prices are set to climb - Supplies dwindle even as Asia builds more nuclear reactors
by Matt Chambers

RELATED NEWS:
Nuclear Energy and the Fossil Fuels...

Other energy - Mar 17...

Leaked plan: G8 Seeks to Promote "Trillions" of Dollars of Investment in Fossil Fuels and Nuclear Energy...

Other energy - Mar 20...

UK Energy Gap...

MELBOURNE - Prices for uranium, used to generate 16 percent of the world's electricity, may rise by a quarter this year as stockpiles of the nuclear fuel decrease and demand is set to rise from reactors being built in China and India.

"You have gone from a buyer's to a seller's market," said Bob Mitchell, who holds physical uranium worth more than $26 million for Adit Capital Management in Portland, Oregon. "Most reactors under construction haven't secured long-term supply and there is no inventory left among utilities."

Commercial stockpiles of the fuel dropped 50 percent between 1985 and 2003 because mine output could not keep up with demand, according to a September report by the Massachusetts Institute of Technology. Mine expansions may not meet demand, pushing up prices for uranium at miners such as Cameco, the world's biggest, and Energy Resources of Australia.

Cameco shares rose 68 percent last year and Energy Resources of Australia, which is 68 percent-owned by Rio Tinto Group, surged 94 percent. Paladin Resources, an Australian company that plans to mine uranium in Namibia, rose ninefold.

China is preparing to award an $8 billion contract to build four reactors in the world's biggest nuclear power construction program. The country plans to build 27 plants to meet a target of raising nuclear energy output fivefold by 2020. India aims to build 17 reactors to triple nuclear power capacity by 2012.

"Uranium prices will advance in 2005," said Mitchell at Adit Capital, who also owns Cameco shares as part of the $200 million he helps manage at another fund, Touchstone Investment Managers. "In China, they'll have to build a couple more reactors a year."

Concern about supply shortages helped increase spot prices of uranium to $20.50 a pound as of Dec. 31, according to Metal Bulletin. That is the highest since 1984, according to a report by Jeff Combs, president of Ux Consulting, based in Roswell, Georgia, which publishes spot uranium prices.

The spot market, which makes up about 12 percent of uranium sales, according to the World Nuclear Association, sets a price reference for long-term contracts between miners and utilities. Uranium prices rose to a record of more than $40 a pound in the late 1970s, according to Combs at Ux Consulting.

Contract prices paid by power companies may rise to $27 a pound this year from $20 a pound last year, a National Bank Financial analyst, Ian Howat, said in a Nov. 24 report. Long-term prices may rise to $26 a pound, a Goldman Sachs JBWere analyst, Ian Preston, said in a Dec. 14 report after attending a uranium conference in Sydney.

"It looks like current prices are here to stay and possibly rise significantly," Craig Kinnell, acting chief executive of Energy Resources of Australia, the world's third-biggest uranium miner, said in an interview Dec. 31.

"Inventories are falling and there has been little response to that in the way of more mine supply. Our contract prices have risen to reflect the spot price rises."

China aims to double total power generation capacity by 2020. It needs to add two reactors a year by then to meet a target of generating 4 percent of its power from nuclear plants.

Demand from China may help uranium prices double in the next two years and may triple demand for nuclear power by 2020, said Quinton George, managing director of Trinity Asset Management. The company owns 18 percent of Afrikander Lease, which holds South Africa's biggest uranium deposit.

"The supply deficit will affect this market for at least the next 10 years," Geroge said. "In the next two years we could well see uranium touching historical highs, at least doubling current prices."

China has begun talks with Australia, which holds the world's largest uranium reserves, to enable the fuel to be exported by Rio Tinto, the world's third-biggest miner, and WMC Resources, which owns the biggest deposit of the radioactive metal.

"We're working with the Australian government to get the ability to sell uranium to China," Bruce Brook, WMC's chief financial officer, said in an interview in November. "These guys have announced 32 nuclear power stations to be developed over the next 16 years."

The Melbourne-based WMC in November increased its long-term uranium forecast to $30 a pound and said that its Olympic Dam deposit could become the world's biggest uranium mine if a 4 billion Australian dollar, or $3 billion, expansion is approved. Cameco plans to increase production 18 percent at McArthur River in Canada, now the world's biggest uranium mine.

"We've got customers who are highly-concerned about the supply chain of uranium," said Brook at WMC, who is also in charge of the company's uranium marketing. "I can assure you the pricing that they have in mind is not going backward. Our expansion and one planned by Cameco won't fill the gap" between supply and demand, he said.

World demand will outpace supply by 11 percent in the decade ending in 2013 as inventories decline, the World Nuclear Association estimates.

The decline in stockpiles has been hastened by the decision of Russia, the world's biggest uranium exporter after Canada, in October 2003 to limit its exports to conserve fuel for 25 plants it wants to build by 2020.

Reactor fuel made from former Russian nuclear weapons powers one out of every 10 U.S. homes, according to the Washington-based Nuclear Energy Institute trade group.


(5 January 2005)

IHT Copyright © 2005 The International Herald Tribune | www.iht.com
Unigel share price data is direct from the London Stock Exchange

Your Recent History

Delayed Upgrade Clock