Nufcor Uranium Share Discussion Threads

[tilmanstone] 11/9/2008 22:53

Oops I stand corrected. As for the NU price, time will tell. Given the problems Cameco are having I wouldn't agree oversupply is a long term issue...

[ptolemy] 11/9/2008 20:06

LSN,
Yeh, in that case, I wouldn't mind being wrong!

Tilmanstone,
A 25% discount is nothing in this market and the U308 'price' is an art form since there is no formal exchange; so little is openly traded its difficult to know how realistic it is. Oversupply is a significant problem, imo.

[lowersharpnose] 11/9/2008 17:39

Just so nobody gets embarrassed when talking to grown-ups, the price is per lb, not oz.

If only, eh?

lsn

[tilmanstone] 11/9/2008 15:27

I buy what you say, BUT The fact remains NU. stock pile U3O8: The current price is $65 p/oz. At that price NU. has a diluted NAV of £2.64. That is a fact. Everything else is a debate about which way U3o8 is going...

[ptolemy] 11/9/2008 10:55

Not sure why people are using the words and phrases 'ridiculous' and 'absolutely ridiculous'. I still stick to my comment made in June, which said:

"Long term I'm bullish but shorter term there are so many variables, both bullish & bearish.

For example:

summer is seasonally quiet,
there are toms of discovered reserves; they're not being mined because of the market price and high production costs,
Russian have sufficient to manipulate the market for several years,
'plans' to build X zillion power stations are just talk until they actually need uranium (It's like saying 'Oh, the USA has opened the north slope of Alsaka to oil exploration, so i expect the rpoce of oil to drop tommorrow')

My own view - FWIW - is good price to buy to trade for a few % and sell on rise or to hold for 5 years."

You need to recall the price of this asset was less that $10/oz a few years ago and since then more of the stuff has been discovered. In a world where it takes a nuclear project >10 years to get a project from conception to operation, what is there to set U308 alight!

[tilmanstone] 09/9/2008 19:37

This evenings price is equivalent to a $46.75 /oz price for U3O8.... Thats a 30% drop on todays actual price. I'm lost as to what's going on here... I'd love to know where this is going. What on earth drives a 13% fall when the commodity itself is stable at $65?? It is truly mind boggling, especially given that the world alledgedly has huge supply issues coming up on U: Just look at Camecos share price...

[rbf] 09/9/2008 16:40

even more ridiculous after today's 13% fall!

[tilmanstone] 09/9/2008 15:29

So we have a diluted NAV of £2.64 based on 1.76 $/£ and todays price = £2.11...absolutely ridiculous.

[sheeneqa] 08/9/2008 15:29

Buy Uranium Now
Date 03/09/2008
Smart Commodities UK | By Garry White
The uranium market is tightening. Now is a great time to buy.

It's a simple case of supply and demand. The supply of uranium has been falling at a time when demand is rising. That can only mean one thing for the uranium price... it's going to rise again.

[juju43] 29/8/2008 12:16

keep er' lit

[juju43] 29/8/2008 09:17

yep,better times on the way - about time too

[juju43] 28/8/2008 22:14

Ur shares generally starting to progress. maybe the correction is over

[tilmanstone] 13/8/2008 12:32

Someones been selling 2k blocks, can't see if its continuing today but it certainly seems way oversold.. If U3o8 goes up these will surelt fly

[gardenarc] 12/8/2008 18:37

Fancy this one watching and waiting for entry .

[tilmanstone] 12/8/2008 12:16

Diluted NAV £2.33, price = £2.... It's beyond me. I'm sorely tempted to get back in here...

[juju43] 29/7/2008 10:24

a closing break of 220 would be bullish . i am optimistic that the slide is over

[juju43] 28/7/2008 09:28

looks like 200 was the bottom. should be on our way back up now

[juju43] 22/7/2008 11:56

yep progress on spot Ur.i think we will see a recovery in NU

[juju43] 11/7/2008 21:16

looks like the price of Ur. is coming off the bottom . have we reason to be hopeful ?

[juju43] 07/7/2008 14:10

volumes here are trivial but at least they are buys and its rising

[juju43] 01/7/2008 18:04

so what was all that about today - mighty strange trades

[ptolemy] 30/6/2008 09:37

Long term I'm bullish but shorter term there are so many variables, both bullish & bearish.

For example:

summer is seasonally quiet,
there are toms of discovered reserves; they're not being mined because of the market price and high production costs,
Russian have sufficient to manipulate the market for several years,
'plans' to build X zillion power stations are just talk until they actually need uranium (It's like saying 'Oh, the USA has opened the north slope of Alsaka to oil exploration, so i expect the rpoce of oil to drop tommorrow')

My own view - FWIW - is good price to buy to trade for a few % and sell on rise or to hold for 5 years.

[juju43] 28/6/2008 15:12

so no bull here after all. looks like a lot of learned folks were wrong then

[ptolemy] 26/6/2008 22:41

Those of you willing to spend gbp84 to learn more about your investment might like to look at the new red book report issued 16/6/08 - which coincided with recent weakness in NU. price.

Headlines are things like "conventional uranium resources will be adequate to supply nuclear energy needs for at least 100 years ", "expenditures for exploration increasing more than 254% over the two-year period from 2004-2006", "demand growth to 2030 between 40-80%" Not as bullish as the Uber-bulls might want you to believe.