Nufcor Uranium Share Discussion Threads

[diggsy] 22/12/2008 09:08

Thats right, the energy story has been put on the back burner for the time being, but wait for it to rear its head in 2009....

[wyken] 16/12/2008 08:17

Is this trading at around half NAV or am I missing something?

[juju43] 15/12/2008 15:02

we have life

[juju43] 21/11/2008 14:11

looks like i was forgiven

[juju43] 20/11/2008 13:42

yep,shouldn't have said it

[juju43] 19/11/2008 14:19

scared to say this is looking up

[sheeneqa] 07/11/2008 09:57

TGR: You follow uranium quite closely. Can you just give us an overview? What's the outlook for uranium juniors?

BL: Uranium is a great long-term story, but when prices reached $110 to $120 a pound, it did get very much ahead of itself. Since then, we've come back to earth, and hard. A lot of that drop in price can be attributed to the diminishing outlook for the global economy. But a significant part of the decline has to do with the fact that hedge funds were speculating in uranium on the long side and they have obviously deleveraged. Some of them no longer exist.

The bottom line is that a lot of the uranium positions-not just the companies, but actually the metal itself-have been sold down. Uranium's long-term story remains bullish, but it's not going to develop as quickly as everyone had hoped during the 'urani-mania' a couple of years ago. We're going to have to see China grow considerably, for example. A lot of the uranium forecasts were based on the number of nuclear reactors that China was going to build as well as the rest of the world. But it takes a long time to build a nuclear power plant, even in China. The long-term trend is up, but along the way there will be bumps and corrections like those we're experiencing right now.

TGR: So even a recommendation like Hathor, which has been pounded down by the market in general along with the drop in the price of uranium, would take awhile to bounce up?

BL: Hathor is such an exciting, high-grade story that its prices are being driven by its exploration success, making it largely independent of the short-term uranium price. Granted, some analysts have made rough calculations of its net asset value and then, rather than assign a price target that's a multiple of its NAV, end up with a target that's just half of its NAV. Unfortunately, that's a function of today's uranium market. But Hathor will be driven by drill results over the next three to six months, while the rest of the sector will remain pretty moribund. Most uranium explorers need a price over $80, because a lot of uranium in the ground becomes economic around that level. And we'll need sustained prices around $100 before lower-grade uranium projects become viable and lead the representative stocks to rise.

TGR: At what point will existing nuclear facilities begin to consume enough to push the price up?

BL: When uranium was trading for over $100, everyone agreed that was the time. Now that uranium is in the mid-$40s, I just don't think that anyone can predict when we're going to sustain those higher prices again. The decline in the broader commodities market and the corresponding strength in the dollar are having an effect here. Again, I think we need to get through this temporary deflationary phase and the stronger dollar. A weakening dollar will start to bring up commodity prices. That's when uranium will creep back. But it could be late 2009 before we can see that happen.

[ukgeorge] 26/10/2008 19:31

Orsu Metals Corporation is a dual listed (AIM and TSX) new base and precious metal mining, production, exploration and development company which is operating an open pit copper-gold mine at the Varvarinskoye deposit in northern Kazakhstan and exploring advanced staged gold deposits in the Tien Shan gold belt in the Kyrgyz Republic and Rudny Altai belt in the Republic of Kazakhstan.
The 100% owned Varvarinskoye copper-gold mine is located 130km southwest of Kostanai in Northern Kazakhstan. The mine is currently in the development and ramp-up phase and produces for sale copper-gold concentrate and gold doré. Subsequent to the formation of the Company during mid June 2008, Orsu's main focus has been the ramp-up of mining operations at Varvarinskoye. The project is 100% owned by Orsu Metals Corporation and currently has measured, indicated and inferred the following resources:
Gold 5.01Moz
Copper 607Mlb

Current proven and probable reserves:
Gold 2.2Moz
Copper 254Mlb

At metal prices of US$525/ounce for gold and US$1.30/pound for copper.
Construction of the processing plant has been completed, and the initial production of gold concentrate commenced in December 2007. By the end of Q2 2008, shipping of the first two lots of copper-gold concentrate totalling 5,000 tonnes were completed, with an estimated contained value of over US$9m. The sale of Varvarinskoye's gold doré is continuing and as of July 2008 9,514 ounces have been sold, with a total value of over US$7m.
Subsequent to a cash injection of US$25 million by Lero Gold Corporation during April 2008 (from the CAD$66 million Lero Gold raised), essential operational equipment and mining supplies are now arriving at Varvarinskoye which will allow operations to continue with minimal interruptions while ramping towards nominal capacity.
10 September 2008
Director Share Purchase
Orsu Metals Corporation ("Orsu", or the "Company") (AIM: OSU, TSX: OSU) announces that on 10 September 2008, the Company was notified that Executive Chairman, Dr Sergey V Kurzin, purchased 100,000 ordinary shares in the Company.

5 September 2008
Director Share Purchase
Orsu Metals Corporation announces that on 5 September 2008, the Company was notified that Executive Chairman, Dr Sergey V Kurzin, purchased 350,000 ordinary shares in the Company as per the table below.

4 September 2008
Director Share Purchase
Orsu Metals Corporation announces that on 3 September 2008 Executive Chairman, Dr Sergey V Kurzin, purchased 750,000 ordinary shares in the Company.

26 September 2008
Orsu Metals Project and Corporate Update
Orsu is pleased to provide a corporate and project update of ongoing work at the Varvarinskoye copper-gold mine, Kazakhstan and the Company's exploration projects in Kazakhstan and Kyrgyzstan.


24 Oct 2008 4:30 PM UKT
Exchange : OSU (AIM) OSU (TSX)
Mid Price : 5.00 0.10
Volume : 20,000 786,365
0.00
0.01


456,934,226 SHARES IN ISSUE


Executive Chairman - Dr Sergey V Kurzin - Dr Sergey V Kurzin is a Russian-born (1960) research engineer who moved to the United Kingdom in 1990 and has played a key role in initiatives to acquire and progress several important Former Soviet Union mining assets. These include Julietta (a high grade gold deposit in Magadan, Russia with Bema Gold), Kupol (a high grade epithermal gold deposit in Chukotka, Russia also with with Bema Gold), the Varvarinskoye copper and gold skarn deposit in Kazakhstan with European Minerals Corporation. He also played a key role in establishing UrAsia Energy Ltd, a uranium producer with mining operations in The Republic of Kazakhstan. He was founder of Oriel Resources Plc and held the position of Executive Chairman.

He also holds the position of Executive Chairman of Everfor Diamonds Plc.

Sergey has been an officer and consultant for the following companies active in the FSU:

• Bema Gold - consultant on Kupol and Julietta gold developments
• Arian Resources Corp. (acquired by Bema) – ex. VP Corporate Development
• European Mineral Corporation - ex. VP Corporate Development
• Consolidated Puma Minerals Corp. - PGM in Kola Peninsula, Russia
• Zincox - Zinc project in Kazakhstan
• Eurasia Mining plc - PGM projects in Russia

[lowersharpnose] 26/10/2008 11:31

That's right, I don't think this one is worth looking at until the U spot price turns.

lsn

[juju43] 26/10/2008 11:28

mega bear market in uranium . no near relief from the pain here

[qs9] 15/10/2008 06:59

As I say, given China's insatiable demand for all things commodities, this could be a nice target IMO given its discount to NAV.....

[nabcom] 14/10/2008 23:23

The TSX U comps seem to have gone quite beserk

[qs9] 14/10/2008 21:54

Long may it continue....significant discount still to NAV, why don't Chinese just buy NU.??!! IMO may see another 20%+ on this in the next few days, looking good rel strength.....

[qs9] 13/10/2008 19:01

Lets hope todays bounce starts taking it back towards NAV at the very least!

[ptolemy] 09/10/2008 14:07

This is not so much about Uranium as Nufcor's apparent mismanagement in the last 6 months. If you review the RNS over the last few months it shows they have been out of touch with the background in which they operate.

[juju43] 09/10/2008 12:46

Ur bull market is a myth. this is a raging bear

[juju43] 23/9/2008 17:09

like i said

[juju43] 22/9/2008 16:25

double bottom. let the good times role

[tilmanstone] 17/9/2008 15:18

Thank goodness I sold out first thing: Very annoyed cos i could have sold for a profit a few weeks back, But my loss this afternoon would have been painful.

[nabcom] 17/9/2008 14:30

A comment by Zak Mir when they were back above 200

"I like this company but the chart suggests it is getting a similar beating to mining stocks et al. Below the 50 day moving average at 210p risks a decline to the one year support line at 160p."

[juju43] 17/9/2008 11:39

Ur story beginning to look like a damp squib

[tilmanstone] 13/9/2008 10:25

Interesting article discussing pricing and supply/demand over next few years

[ptolemy] 12/9/2008 16:53

Also re long term supply...

The 2008 Uranium red book report issued 16/6/08 (which you buy for J78) states "conventional uranium resources will be adequate to supply nuclear energy needs for at least 100 years " and "expenditures for exploration increased more than 254% over the two-year period from 2004-2006".

[sheeneqa] 12/9/2008 14:10

Currently, there are nearly one thousand commercial, research, and ship reactors worldwide, more than thirty are under construction, and over seventy are in planning stages. The world currently uses 67,000 tons of mined uranium a year. At current usage, this is equal to about seventy years of supply. The World Nuclear Association says demand has remained relatively steady because of efficiency improvements, and it is projected to grow "only slightly" through 2010. However, more efficient nuclear reactors, such as "fast-reactor" technology could lengthen those supplies by more than two thousand years. Experts say spent fuel can be reprocessed for use in reactors but currently is less economical than new fuel.