Unigel Share Discussion Threads

[mr ashley james] 08/11/2006 03:02

Charlie Next run AU$2.05 IMHO

[mr ashley james] 07/11/2006 02:29

Charlie,

Another nice day up on ASX Making money seems easy down under!

Just look at Chinese Nuclear Demand!

Cheers

Ash:)

[mr ashley james] 06/11/2006 03:44

Jules Next stop AU$2.05 imho

[mr ashley james] 06/11/2006 03:32

HDJ,

Sounds like UNX going up, so off to beed.

URANIUM!

CHINA!

Cheers

Ash:(;)-0>

PS Big Opportunity now CAMECO need other Reserves!

[mr ashley james] 06/11/2006 01:49

ANOTHER UTTERLY DISGRACEFUL SHAREPRICE PERFORMANCE FROM ASHLEY JAMES I REALLY WISH ADVFN WOULD BAN THE IRRITATING FOOL!

[mr ashley james] 02/11/2006 14:27

Up 15.20% on ASX:UNX

[Abuse team] 28/9/2006 02:07

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[Abuse team] 25/9/2006 01:55

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[Abuse team] 18/9/2006 02:08

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[Abuse team] 13/9/2006 12:34

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[shoggoth] 02/5/2006 22:43

The co. is presenting to investors and brokers this week. The share price is still on the slide from the the start of April. Have bought a few on the strength of the china story and management.

[mr ashley james] 05/4/2006 01:19

Charlie,

Even Madder, I reckon AU$1.30 soon.

Yeah Hah!

Cheers

Ash:)

[mr ashley james] 04/4/2006 16:12

Charlie,

AU$.1.06 Offer.

Uranium Stocks going mad down under.

Cheers

Ash:)

[mr ashley james] 02/4/2006 21:06

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:)

[seagreen] 31/3/2006 14:29

Ash

Rumour of important Chinese man on plane to see Australian Prime Minister may be helping as he wants to buy some Uranium so the story goes.....anyway added a few for fun nothing to dangerous!

[holdontightuk] 28/3/2006 23:17

I REALLY lik ethis one as well, but saddly do not hold. Another good call, Ashley. I also like GDM, but prefer MAW.V.

[mr ashley james] 28/3/2006 22:50

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:
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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

[mr ashley james] 28/3/2006 22:49

Ux Weekly Spot Prices
as of March 20, 2006
Change from previous (week)


1 US$ = 0.82253 €
U3O8 Price (lb) $40.50 [+0.50] €33.31 [+0.41]

Ux Month-End Spot Prices
as of February 27, 2006
Change from previous [month]


1 US$ = 0.84442 €
U3O8 Price (lb) $38.50 [+1.00] €32.51 [+0.84]
NA Conv. (kgU) $11.50 [Unch.] €9.71 [Unch.]
EU Conv. (kgU) $11.50 [Unch.] €9.71 [Unch.]
NA UF6 Value (kgU) $112.09 [+2.61] €94.66 [+2.21]
EU UF6 Value (kgU) $112.09 [+2.61] €94.66 [+2.21]
SWU Price (SWU) $120.00 [+4.00] €101.33 [+3.38]
RU SWU Price (SWU) $98.00 [+3.00] €82.75 [+2.53]

[mr ashley james] 23/3/2006 03:04

Plus 18.18% Drat!

[mr ashley james] 06/3/2006 03:24

Up 17.39% to AU$0.27 on Large Volume

Delayed share price
Prices are delayed by at least 20 minutes. Retrieving any price indicates your acceptance of the Conditions.

Code Last % Chg Bid Offer Open High Low Vol
UNX 0.270 17.39% 0.265 0.270 0.230 0.270 0.230 1,304,038

[mr ashley james] 01/3/2006 01:12

Not sure why but:-