Streetwise Articles
Uranium Price Forecasts Trimmed
Source: Purchasing.com (9/19/07)
National Bank Financial analysts in Montreal have scaled back their spot price expectations for uranium to $100/lb for 2007 (from $120/lb previously), to $120 for 2008 (from $150) and $125 for 2009 (from $135). In a note to clients, the analysts say this year’s runup of U308 (uranium concentrate otherwise known as yellowcake) to a record high $138 may have been caused by speculating investors.
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Uranium Supply Will Continue to be Less Than Demand for Many Years to Come
Source: dailyreckoning.co.uk (9/11/07)
Using TradeTech’s prices, this represents a 38% decline from its $130 peak in June. I believe that this represents a standard technical correction in the long-term bull market. The fundamentals of the industry are sound and fundamental factors tend to reassert themselves...
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Australia, Russia Sign Uranium-Export Pact
Source: MarketWatch.com (9/7/07)
Putin said Russia planned to double the number of nuclear power plants it had built in the past, with about 30 new plants planned for the next 15 to 20 years.
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Uranium Spot Price Falls to $85/Pound on DOE Auction
Source: Platts.com (9/4/07)
The decline was due primarily to reports of various winning bids in a
recent auction of eight lots of uranium by the US Department of Energy.
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Australian Uranium Explorers Heading Toward 250
Source: Mineweb.com (9/2/07)
West Perth-based Intierra Resource Intelligence says that as of mid July there are 242 companies exploring for uranium, 39 of which are new floats dedicated purely to uranium prospecting.
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Uranium Price Appears to Stabilize in the $90 to $95 Price Range
Source: Platts.com (8/28/07)
Both Ux Consulting and TradeTech said they are seeing indications of renewed buying interests at these levels, as well as signs that sellers are growing increasingly resistant to offer material at fixed prices below those levels.
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Contrarian or Victim? The Choice is Yours
Source: Rick Rule, Global Resource Investments (8/28/07)
A Tutorial for Troubled Times: In resource investment markets, one can be a contrarian or one can be a victim, and the choice is one's own. Having once been a victim, I chose the other path.
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Uranium Correction Provides Buying Opportunity
Source: resourceinvestor.com (8/27/07)
...we think James Dines is on to something when he suggests that a decline in the price of uranium reduces the potential dishoarding of more uranium from government stockpiles and as such is bullish for the uranium stocks.
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Uranium Spot Price Could Regain Lost Ground by Year End: Haywood
Source: Mineweb.com (8/24/07)
Haywood's analysts forecast that "while the spot price has weakened and could weaken a tad more, by the end of the year prices could regain much of the lost ground, setting the stage for a robust 2008 and beyond.
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Don't Expect Uranium Frenzy to Resume
Source: Seeking Alpha (8/21/07)
The S&P/TSX composite index is down 11%, uranium spot prices have fallen 23%, but uranium equities have fallen 54% from their respective 52-week highs.
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Uranium Spot Price Continues to Sink
Source: Mineweb.com (8/21/07)
Spot uranium, according to UX Consulting, a leading supplier of uranium prices, fell to $90 a pound this week, down from $105 in a previous auction and off by one third from a peak of $136 a pound in late June.
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Who's Got the Goods in the Uranium Market?
Source: The Uranium Report (8/15/07)
A pioneer in global investing, with a reputation for discovering big winners, Adrian Day, President of Adrian Day Asset Management, which manages portfolios in resource and global equities, and the editor of Adrian Day's Global Analyst, pulls no punches as he tells how to mine for value in the uranium sector.
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Uranium Prices, and Stocks, Bleed Again
Source: Mineweb.com (8/14/07)
The uranium spot price has now declined $31/pound in just seven weeks, leaving a trail of bloodied stocks in its wake.
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Uranium Prices Fall 12% in Largest Dip Ever
Source: Seeking Alpha (8/14/07)
Uranium prices dipped more than 12% last week, the largest single decline since market monitor TradeTech began reporting spot prices nearly 40 years ago.
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Mega-Reactor Builder Areva to Triple Uranium Exploration
Source: Mineweb.com (8/10/07)
French mega-nuclear reactor builder Areva Friday said it plans to triple its exploration spending to US$124 million and hiring hundreds of geologists.
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Analysts Unsure How Far Uranium Spot Price Will Drop
Source: Platts.com (8/8/07)
Some analysts maintain it could sink below $100/lb over the next several months.
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Uranium Stocks Bullish Secular Trend
Source: marketoracle.co.uk (8/3/07)
Uranium and uranium stocks have been best of breed among the commodities and commodities stocks of late. And the contrarian crowd that got an early jump on the stocks of the companies that are exploring for, developing and producing this mineral have enjoyed incredible gains.
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Cameco Predicts Uranium Spot Market Downwards Correction
Source: Mineweb.com (7/31/07)
A forecast of lower sales and spot prices by Canadian uranium ĂĽber-miner Cameco Monday during a conference call generated concern among analysts and reporters, resulting in a written clarification by the world's largest uranium miner.
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Energy Bill Aids Expansion of Atomic Power
Source: New York Times (7/31/07)
A one-sentence provision buried in the Senate’s recently passed energy bill, inserted without debate at the urging of the nuclear power industry, could make builders of new nuclear plants eligible for tens of billions of dollars in government loan guarantees.
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Uranium Prices Tumble Again After Steady Week
Source: Seeking Alpha (7/31/07)
Uranium spot prices returned to their downward trend last week, dipping another US$6 to US$123 per pound, after holding steady the previous week, TradeTech said in the July 27 issue of Nuclear Market Review.
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Uranium Prices See Largest Weekly Dip
Source: Seeking Alpha (7/29/07)
While TradeTech's uranium spot price indicator remained at US$129 per pound as of July 20, after falling for the three consecutive weeks prior due to less interest from buyers, fellow market monitor Ux Consulting reported a US$10 dip to US$120 last week.
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Australian Uranium Explorers Under a Microscope from Haywood's Mustard
Source: Mineweb.com (7/26/07)
Haywood Securities senior mining analyst Jim Mustard told delegates at the Australian Uranium Conference in the Perth port city of Fremantle that any Australian companies with only domestic uranium projects could be prime takeover targets, with North American companies the likely bidders.
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“Energy Stategist” Elliott Gue Takes the Long View on Uranium
Source: The Uranium Report (7/24/07)
Elliott Gue, Editor of “The Energy Strategist,” talks with The Uranium Report (UR) about some of the biggest forces shaping the uranium market.
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More Australian Takeovers?: A New M&A Season in Progress?
Source: Mineweb (7/18/07)
...the Australian rumour mill is now posing arguments for the takeover of Paladin Resources by Canada's global uranium giant Cameco, and for Oxiana to be a target for Melbourne-based global lead-zinc giant Zinifex Ltd and Canada's Teck Cominco.
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Uranium Price Falls Again: Possible Buying Opportunity
Source: Seeking Alpha (7/17/07)
Uranium prices fell for the third straight week as buyer interest continues to cool. TradeTech's spot price indicator fell US$4 to US$129 per pound of uranium, it said in Friday's issue of Nuclear Market Review.
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