Nufcor Uranium Share Discussion Threads

[melody9999] 27/3/2008 13:06

sorry guys - just lost patience - so I am out of here. the good news is that you will see a share price recovery now - promise! Good luck to all holders.

[tilmanstone] 26/3/2008 17:51

Bizarre: 11% under its diluted NAV based on $73 p/lb. Thats 29p... it ought to be a raging buy at these levels unless you believe U3o8 is going to $65 p/lb.. Certainly the anticipated continuing bull market in Uranium appears to be stalling at least a little..
Where to from here thats the question...??

[juju43] 26/3/2008 17:42

net 3k sells and this falls 8% . what is going on

[praipus] 26/3/2008 17:17

Oil through $104 a barrel again....is there a structural issue with NU. that we should be aware of?

[juju43] 25/3/2008 13:56

TH
so we will definately make money here in 60 years

[melody9999] 25/3/2008 13:48

Thanks HH - 2 point spread at the moment so does look top have helped in that respect.

[juju43] 25/3/2008 08:40

anyone for double bottom here. we could have a big bounce with strong market

[trader horne] 23/3/2008 13:41

courtesy of uranium-stocks.net newsletter:-T

he UK currently has a grand total of 19 nuclear reactors in operations, providing about one fifth of its electricity. The combined power of all of these reactors is 10,982 MWe so the UK may have enough uranium in their stockpiles to supply about 27% of what is needed over the next sixty years.

That still leaves a large gap of 73% in supply that needs to be filled, and this will require the buying of more uranium or the acquisition of uranium mining companies (perhaps some of our favourite uranium stocks) to fill the supply gap.

THE UK STOCKPILE

25,000 tonnes of depleted uranium from enrichment activities in the form of uranium hexafluoride. This is solid and stored in steel cylinders.
30,000 tonnes of depleted uranium powder from the recycling of used fuel from the Magnox power reactors.
5000 tonnes of 'Thorp product uranium' powder resulting from the recycling of used fuel from Advanced Gas-cooled Reactors (AGRs).
100 tonnes of plutonium dioxide from the recycling of Magnox and AGR used nuclear fuel.

In addition to this the UK will have to buy more uranium if it is to expand its nuclear industry, in a effort to combat global warming and reduce the reliance on middle eastern or political unstable fossil fuel supplies. (Support for the nuclear programme was again reiterated by Gordon Brown, the new British Prime Minister, in the House of Commons yesterday, as part of Britains Energy Security policy)

This will lead to more uranium buying by governments and utilities and perhaps the buying of uranium mining companies, as it the case of Areva buying Uramin (a uranium stock that was on our BUY list), to ensure the supply of U3O8 to the nuclear power plants.

One of the biggest mistakes a government could make right now is sell their uranium stockpiles to raise some quick cash to buy some popularity in the opinion polls. They should be buying up uranium and uranium mining companies yesterday.

[juju43] 21/3/2008 14:49

chart is hard to read but looks like little change over last 6 wks. so why the NU fall
i have this thing about falling share prices after i have bought them . 250 is where i came in

[tilmanstone] 20/3/2008 15:20

Current diluted NAV is c. £2.655 based on $74 U3o8 and 1.98 exchange rate. so we're about 10p under NAV. Uranium stocks getting hammered this week: Look at CCJ in the U.S.

[enewman36] 20/3/2008 13:12

juju, its in the chart above, just over $70.

[hattori_hanzo] 20/3/2008 12:32

SETS trading should, in theory, mean narrower spreads and more liquidity....BUT! There will probably be Far, FAR more manipulation of the share price by bigger players & the MMs, false orders on the book, different BOTs (automatically programmed trades) at work ,eg: 'Iceberg' BOTs will start to appear.

I think it's a fallacy that SETS makes for a more level playing field than MM stocks.

As an experienced investor & L2 user, give me MM stocks any day.

All imho, dyor...and so forth.

[melody9999] 20/3/2008 12:07

what effect will SETS trading have anyone?

[juju43] 20/3/2008 11:53

back to the bottom. anyone got latest Ur. price

[trader horne] 02/3/2008 20:33

don't you remember when it was $38? The bull market is underway, last year's failure of market sentiment after the sealed-bids panic spike will pass. The supply-demand imbalance will begin to bite. Every new nuclear reactor will need a million pounds of U3O8 to get started (I think).

[juju43] 02/3/2008 09:18

where is the forecast great bull market in uranium - now 1/2 the price it was a year ago

[tilmanstone] 29/2/2008 16:44

U3o8 has just gone down to $73 which makes todays rise very interesting...

[5benny] 29/2/2008 15:04

same here can only manage 375

[praipus] 29/2/2008 14:33

Got the same issue can only get a quote for 100 at a time symptomatic of a significant jump at any point now IMHO.

[rbf] 29/2/2008 09:56

It is ridiculous that one cannot get an online quote for even a small purchase (1,000 shares).... no wonder the number of reported trades is so low!

[tilmanstone] 29/2/2008 09:44

Its certainly interesting. Based on last months Net book value I reckon the diluted NAV to be around £2.68 per share (thats based on $75 for U3o8), so we're trading above that. Maybe the perception is that U3O8 price has hit the bottom. Either way this weeks price action has been VERY welcome.

[gurp] 29/2/2008 09:15

we're approaching the top of the channel, interesting not getting an online quote to add but can to sell
can't see any action on the U price atm

[rbf] 29/2/2008 08:55

and another move up ....would expect it to reach £3 later today

[juju43] 28/2/2008 19:04

who are the oxford club