U3O8 Uranium.

[ScrappyO]

U308 Down again $75

[Heavy Metal]

Uranium: $138/lb:

http://stockinterview.com/News/06022...her-Price.html

Too much U wanted > Little being offered.

And my prediction was for $175-$200 for 31 Dec!

That prediction looks really far fetched now eh?

Too many people were far too optimistic about where the U price would end up. The U spot market is very illiquid market and prone to wild price swings in both directions. Clearly too expensive at $138, it has probably retraced to below fair value but there's probably further to fall - would be cheap at $55 - $60.

[jdg]

has anybody got references to articles on the current uranium market? after an incredible drive up, the price of U is just as quickly coming back down. just looking for reasons and forecasts. if anybody has a good link or two, i'd appreciate it.
thanks in advance.
-j

[jdg]

after just posting the above, i began a search of my own. first up, i came across this. a source of many answers. hope it proves useful to others.

http://www.uraniumminer.net/market_price.htm

-j

[tricha]

China to increase nuclear power capacityLast Updated(Beijing Time):2007-11-04 10:30.h1 { FONT-WEIGHT: bold; TEXT-JUSTIFY: inter-ideograph; FONT-SIZE: 22pt; MARGIN: 17pt 0cm 16.5pt; LINE-HEIGHT: 240%; TEXT-ALIGN: justify}.h2 { FONT-WEIGHT: bold; TEXT-JUSTIFY: inter-ideograph; FONT-SIZE: 16pt; MARGIN: 13pt 0cm; LINE-HEIGHT: 173%; TEXT-ALIGN: justify}.h3 { FONT-WEIGHT: bold; TEXT-JUSTIFY: inter-ideograph; FONT-SIZE: 16pt; MARGIN: 13pt 0cm; LINE-HEIGHT: 173%; TEXT-ALIGN: justify}DIV.union { FONT-SIZE: 14px; LINE-HEIGHT: 18px}DIV.union TD { FONT-SIZE: 14px; LINE-HEIGHT: 18px}

The Tianwan Nuclear Power Station, located in east China's Jiangsu Province, is a nuclear power station with the largest single-unit capacity in China.

[File photo]

The State Council has officially approved a plan to expand nuclear power generation capacity by 23 million kilowatts by from 2005 to 2020, according to the National Development and Reform Commission (NDRC). According to the plan, submitted by NDRC, China will have an installed nuclear power capacity of 40 million kilowatts on the mainland by 2020, or four percent of the total installed power generation capacity.
New projects with a combined capacity of 23 million kilowatts will be launched, involving a total investment of 450 billion yuan (about $60 billion).
The sites for the planned capacity will be chosen from the coastal cities in Guangdong, Zhejiang, Shandong, Jiangsu, Liaoning and Fujian provinces. According to the plan, the government will consider constructing one nuclear power plant in the coastal provinces that don't have such plants.
Currently, nuclear power capacity on the mainland stood at 169.68 million kilowatts, with 11 nuclear reactors in operation boasting a combined capacity of 90.68 million kilowatts and another eight units in construction.

The Tianwan Nuclear Power Station, located in east China's Jiangsu Province, is a nuclear power station with the largest single-unit capacity in China.

[File photo]

Source:China Daily Related articles

[steve fleming]

Unfortunately, with Gerry's passing, this thread will be much the poorer.

However, some interesting comment from DJC.

"The uranium bubble appears to have burst, with Australia's uranium stocks now 55 per cent weaker on average than all-time highs hit in April/May last year."


http://business.smh.com.au/uranium-s...0110-1l7y.html

[Seneca]

The UK Govt has confirmed all out nuclear power development with the opposition conservatives saying they will support the move - all good - though it is mentioned they may have trouble getting in the queue to have the reactors built

[steve fleming]

Unfortunately, with Gerry's passing, this thread will be much the poorer.

However, some interesting comment from DJC.

"The uranium bubble appears to have burst, with Australia's uranium stocks now 55 per cent weaker on average than all-time highs hit in April/May last year."


http://business.smh.com.au/uranium-s...0110-1l7y.html

Probably an opportune time to revive Gerry's classsic thread.

After over 12 months of constant hammering, the U sector seems set for its next leg up.

Fair bit of spec money returning to the sector, especially over the last week with strong performances from BLR(+42%), UKL(+41%), PEn (+36%), UEQ (+35%) & AGS (+26%).

Courtesy Grant64, Uranium Sector was the top performer on the TSX on Friday:

09/05 uraniumFX 738.4... +38.04.. +5.4% Top Overnight Index Performer
09/05 gold......FX 1106.3. +15.84.. +1.5%
09/05 zinc......FX 586.8... +3.40... +0.6%
09/05 oil........FX 1626.5.. +3.43... +0.2%
09/05 nickel...FX 1454.6.. -5.68.... -0.4%
09/05 copper..FX 1422.1.. -6.94.... -0.5%
09/05 coal.....FX 3103.6.. -20.98... -0.7%
09/05 iron......FX 3048.8.. -131.22.. -4.1%

[steve fleming]

Probably an opportune time to revive Gerry's classsic thread.

After over 12 months of constant hammering, the U sector seems set for its next leg up.

Fair bit of spec money returning to the sector, especially over the last week with strong performances from BLR(+42%), UKL(+41%), PEn (+36%), UEQ (+35%) & AGS (+26%).

Courtesy Grant64, Uranium Sector was the top performer on the TSX on Friday:

09/05 uraniumFX 738.4... +38.04.. +5.4% Top Overnight Index Performer
09/05 gold......FX 1106.3. +15.84.. +1.5%
09/05 zinc......FX 586.8... +3.40... +0.6%
09/05 oil........FX 1626.5.. +3.43... +0.2%
09/05 nickel...FX 1454.6.. -5.68.... -0.4%
09/05 copper..FX 1422.1.. -6.94.... -0.5%
09/05 coal.....FX 3103.6.. -20.98... -0.7%
09/05 iron......FX 3048.8.. -131.22.. -4.1%

The BEST summary and analysis of local U stocks can be found here.

http://www.blackrangeminerals.com/pd...gor21Apr08.pdf

Warwick Grigor's (Far East Capital) sector report.

[JBmurc]

Analyst : Warwick Grigor is a non exe director in PEN a company I hold options in worth having a look with there SP at around 70% less than during the last U308 bull run

Peninsula Minerals Good projects in Wyoming, but securing better ground position before promotion

-If all goes to plan 8c eps cashflow would value the shares many multiples
above the current PEN 2.5c PENO 1.7c (could well be worth waiting for)