Up 30 cents to $23.50
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Up 30 cents to $23.50
Uranium Information Centre...(UIC --NOT a Stock Code !!!)
(Aussie based Uranium daily updated Information website
Scimitar (SIM) has a excellent LINK on their brand new Website: at www.scimitarresources.com.au (note the two(2) 'r' 's in the website name; and click on the [b]LINK[/b] to UIC (Uranium INformation Centre) ..... which is a informative and totally Indepedendent Uranium Site with NO affiliates to Scimitar...or any other Uranium explorer./Uranium Miner etc....
Also has a nice very easy LINK to the "Gerry suggested"...American Gold/Precious Metals & Uranium/ Site called KITCO which is also excellent.
These links are super simple even for a computer neanthedral illiterate like me and the guys at the PUB !!
Just go to the www. scimitarresources.com.au and click down the Links section/Tab on the top, and check 'em out !!
Also this latest Shares Magazine ( MAY 2005 editn) Has A Uranium Stocks Special ..... on Pages 50 -- thru to pages 53....reviews 12 ASX listed(twelve) Uranium Stocks in a bit of depth...with this special feature on Uranium....
The reviewer, is Mining specialist and mining director with Herron Resources (ASX code: HRR): Mr Allan Trench....
The stocks reviewed are:
(1)Arafua Resources (ARU)
(2) Deep Yellow (DYL)
(3) Energy Resources Aust (ERA)
(4) Goldstream mining (GDM)
(5) Havilah Resopurces (HAV)
(6) Jindalee Resources( JRL) Marathon Resources (MTN)
(7) Omegacorp (OMC)
(8) Paladin Resources (PDN)
(9) Reefton Mining (RTM)
(10) You guessed it !! :);) Scimitar Resources (SIM)
(11) Marathon Resources (MTN)
(12) Summit Resources (SMM) --One of Gerry's great picks !!:)[:p]
Hope the above info is of some interest and/or help everyone !!
Kind Regards,
Robbo :):)
(2)
RTM should be a cheap pickup for the foolish &/or brave on Tuesday.
CEO has joined chairman in doing a runner.
Best wishes, Newz
Disc: RTMCA.
Up another 50 cents to $24!
Missed something bleedingly obvious here, quite obviously
So apart from telling me about the pimple on my NOSE...[:I][:I]
Which Stock & Code was that @ $24 Gerry ??
Kind Regards,
Robbo [?[?]:)
Hi Rob,
Uranium rose 50 cents to $US24/lb last week.
Here is a historical graph:
http://www.uxc.com/review/uxc_g_price.html
Surfs Up 7.5 % At Scimitar (SIM)
Robbo :)
Up $2.25 to 26.25
It was said that someone started a Uranium fund by buying up Uranium. If so, then badly needed uranium will be locked up by a fund.
Uranium Stocks Jump After Big Surge In Spot Price
May 4, 2005
By Lynne Olver Of DOW JONES NEWSWIRES
VANCOUVER (Dow Jones)--Stocks of Canadian uranium producers and
explorers jumped Wednesday after a consulting firm reported that
prices in the thinly traded uranium spot market surged 9% in the
latest week, a huge increase for a commodity that has been steadily
rising.
Analysts said Ux Consulting's weekly U3O8 spot price jumped US$2.25 to
US$26.25 a pound, while long-term prices remained at US$28 a pound.
In Toronto, shares of producers Cameco Corp. (CCJ) and Denison Mines
Inc. (DEN.T), and shares of junior explorers such as UEX Corp.
(UEX.T), International Uranium Corp. (IUC.T) and Western Prospector
Group Ltd. (WNP.V), closed higher.
Cameco rose 4.3% to C$52.28 on about 909,000; Denison ended up 3.9% at
C$16.89 on about 229,000; UEX gained 9.9% to end at C$1.88 on about
703,000; International Uranium closed up 6.9% at C$4.97; and Western
Prospector finished 11.1% higher at C$3.00.
Toronto-based miner Denison is cited as one reason for the big
commodity price increase. It will be the manager of a new Canadian
corporation that plans to buy and hold uranium for the long term. The
initial public offering of the company, called Uranium Participation
Corp., hasn't yet closed.
Earlier this week, Denison Chief Financial Officer Jim Anderson told
Dow Jones the company had put tenders into the market on behalf of
Uranium Participation for supply of the material, and was evaluating
responses. Actual purchases won't occur until the Uranium
Participation IPO has closed, which is expected later this month. The
final size of the public offering of shares and warrants isn't yet
known, but observers have said it could be up to C$100 million if
underwriters exercise various options.
The jump in spot prices is at least partly due to the new company,
said Haywood Securities analyst Jim Mustard. "The realization that an
C$80-million to C$100-million fund is coming to buy up product to
essentially take it off the market is going to have an impact," both
real and psychological, Mustard told Dow Jones.
It has become a "chicken-and-egg" scenario now, Mustard said, with
parties that have uranium available likely withholding it from sale,
on the expectation that more buyers will emerge, while buyers will
want to be ahead of the curve and buy now, not next month when the
price could be higher.
Uranium spot-market volumes for April were lighter than volumes in
March, but market activity remains strong, RBC Capital analyst Fraser
Phillips said in a note to clients.
"The record-setting jump in spot price is attributable to traders
setting offer prices well above market, and the very visible
solicitation for 3 million pounds of uranium by the newly launched
uranium commodity fund, Uranium Participation Corp.," Phillips wrote.
Denison is to receive a minimum C$400,000 a year fee to manage Uranium
Participation, plus a commission of 1.5% on the purchase and sale of
uranium. The new company has applied to trade under the symbol "U" on
the Toronto Stock Exchange.
On a quarterly conference call Monday, an analyst asked Cameco
President and Chief Executive Jerry Grandey whether the emergence of
Uranium Participation was having an effect on prices in the market.
"Not yet," Grandey replied.
Grandey also said his company wasn't interested in managing a uranium
fund or trust similar to the one Denison will manage. -Lynne Olver,
Dow Jones Newswires; 604-669-1595
DENISON MINES: http://www.denisonmines.com/