U3O8 Uranium.

[steve fleming]

Pretty big next week for Uranium:

􀂃"A major catalyst for a uranium spot price rally from here
is a successful US/India deal – the last main hurdle is
approval from the Nuclear Suppliers Group (NSG), which
meet on 21 and 22 August, and if passed, the deal will
be put to the US parliament in early September. We
would expect spot prices to be strongly supported by a
completion of this deal (particularly given positive
sentiment that may be generated by the Cigar Lake
news), despite a soft supply/demand outlook in 2008/09."

India, of course, is not an NPT signatory, so if the NSG do agree to sell to India, it will set a massive precedent.

India currentlty has limited U reserves and is desperately looking to source U.

The other thing with Cigar Lake problems taking out potentially 10% of the world's U supply, really opens up a supply problem globally going forward.

[Nigel]

Spot prices have softened but have risen from their lows and I'm now hearing a lot of talk about a pick up in 09. Most Uranium stocks have taken a pounding and there are some good bargains to be found.

ASX:UTO
If you're in the market for a good Uranium explorer, check out UTO on the ASX. Proven JORC resources, experienced management, joint venture with the world's leading Uranium producer, mining ban in WA now lifted. I can't help but see it either taking off or being bought out by Cameco (or another larger fish). UTO has drifted down from a recent range of 20-30c to less than 10c on incredibly light volumes (it had been nudging $1 in the last year or so). I've been buying more at these ridiculously low levels (market cap circa 5mil!).

Disc - I am not a financial advisor - do your own research.

[Nigel]

For those that are interested, the stock I mentioned in my last post (UTO) has raced from 6.1c to 11.5c since posting. This is still well off where it should be. It has come down on very light volumes and now increasing again on light volumes. very little on offer for those who still want to get in. DYOR

[JBmurc]

If you've been think about buying into a U308 explorer&production checkout this link

http://www.foreignpolicy.com/story/c...?story_id=4586

[Mick100]

anyone know where I can find a long-term uranium chart

thanks

,

[shasta]

anyone know where I can find a long-term uranium chart

thanks

,

I use this site for Uranium

http://www.uxc.com/review/uxc_prices.aspx

[tobo]

Constant 2007 US$ vs. Current US$ Spot U3O8 Prices

[ScrappyO]

Up another $5 today to $51. Might have to start keeping a closer eye on uranium stocks,

[shasta]

Up another $5 today to $51. Might have to start keeping a closer eye on uranium stocks,

Just remember U308 closely followed the Oil run to over $US140bbl/lb

AGG gives you Uranium & Gold, EQN gives you copper & uranium

[JBmurc]

Up another $5 today to $51. Might have to start keeping a closer eye on uranium stocks,

Keep a close eye on PEN last couple months gone from 1.5c to 4.2 today with this only the start to fair value I'll be very surprised if it not trading over 15c this time next yr