Resource Investor - Uranium - Still Time to Get in on the Uranium Boom

Still Time to Get in on the Uranium Boom: "Often called %u201Cthe original uranium bug,%u201D Dines drew a bullish picture of the market - driven by a growing supply deficit as more nuclear plants coming online. Utilities %u201Cneed uranium right now,%u201D he said.

Currently, 443 nuclear reactors operate worldwide, consuming 180 million pounds of uranium annually. Primary supply makes up about 61% of total supply with secondary supply making up the balance."

United Press International - Energy - Briefing

United Press International - Energy - Briefing: "MOSCOW, May 21 (UPI) -- A leading Russian nuclear expert warns record prices for uranium will continue to rise as supply stays tight and demand worldwide booms.

Yevgeny Velikhov, head of the Kurchatov Institute, told reporters at a RIA Novosti news conference that the recent surge in uranium prices 'may still grow by another order of magnitude.'"

(Via UPI.)

Uranium: Interview with James Dines

Uranium: Interview with James Dines: "Uranium: Interview with James Dines
Print This Post Print This Post | Email This Page: Topic: Other — May 21st, 2007

This interview with James Dines is a ‘must’ for all investors who have an interest in the hottest stock market play in town."

(Via Uranium-stocks.net.)

UxC: The Uranium Market Outlook

UxC: The Uranium Market Outlook: "The Uranium Market Outlook

Special Issue Offer: In today's nuclear fuel market, the introduction of new supply is critical in all three front-end markets. This is especially true for the uranium and enrichment markets, which have experienced considerable upward price pressure this year, pressure that shows no signs of abating anytime soon. In uranium, the Cigar Lake and ERA floods have further impacted important sources of supply, with attendant market impacts. In UxC's January 2007 Uranium Market Outlook (UMO) report, published on February 21, we address the prospects for uranium prices in the wake of their doubling last year by examining the forces that led to the reversal of oil prices last year and the reasons behind the price declines following the two previous price booms in uranium. Also included are a review of recent market activity and a look a current and prospective activity, and a detailed listing of reactor and production developments that promise to shape the future market. "

Uranium May Rise to $250 in 2008

Bloomberg.com: Canada: "Uranium may more than double to $250 a pound next year as demand for the nuclear fuel outpaces production, according to SXR Uranium One Inc...``We'll see resistance at around $200 to $250, where utilities will take some pain,'' Neal Froneman, Toronto-based SXR's chief executive officer, said in a May 11 phone interview from Johannesburg. ``Within a few weeks, you'll see it go to $130'' and $150 later this year, he added."

Bloomberg: Uranium Supply Crunch Coming

Bloomberg.com: News & Commentary: "Prices for uranium, used to generate 16 percent of the world's electricity, may rise a quarter this year as stockpiles of the nuclear fuel dwindle and demand is set to rise from reactors being built in China and India...``You have gone from a buyers to a sellers' market,'' said Bob Mitchell, who holds physical uranium worth more than $26 million for Adit Capital Management in Portland, Oregon. ``Most reactors under construction haven't secured long-term supply and there is no inventory left among utilities.''"

(Via .)

Uranium price hike tipped to lift investment.

Uranium price hike tipped to lift interest. 08/09/2005. ABC News Online: "The continuing rise in the price of uranium has been forecast to boost investment and exploration...Areas just across the South Australian border from Broken Hill are considered prospective for uranium and Southern Cross Resources has a deposit ready at Honeymoon, 75 kilometres west of the city...The chief executive and chairman, Mark Wheatley, says he can see lots of money coming from investors."

U.S. may lift duty on Russian uranium (UPI)

Uranium miner Uranium Resources Inc. said Friday it swung to a first-quarter loss from a year-ago profit that included hefty gains, but the uranium miner's shares hit a new year-high as revenue surged on higher selling prices.

Uranium Supplies Dwindling

United Press International - Energy - Briefing: "With an enhanced demand for uranium to fuel a nuclear-power boom worldwide, supplies are quickly dwindling. While that is incentive to build the uranium industry, it worries the Energy Department and U.S. nuclear plants, which need a constant and affordable supply... Like the Strategic Petroleum Reserve, which stockpiles oil in case of emergency, the department is looking into a uranium reserve."

Uranium now 'hottest' in resources

Uranium now 'hottest' in resources - Business - Business - smh.com.au: "DESPITE huge share price gains in the past year, uranium stocks have been deemed the 'single hottest pick in the entire resources sector' by an analyst from the investment bank which first predicted the commodity's price would hit $US100 a pound.

'Any investors who don't have uranium exposure are betting against the market and, in my view, that's a bad bet,' RBC Capital Markets analyst Chris Lancaster told his company's uranium conference in Sydney."

(Via Sydney Morning Herald.)

Uranium attracting the masses

Articles: "It's slowly starting to make the headlines more often though it is still not appearing in the front pages. This means that the masses are starting to get the first whiff of this bull and this is when things start to get more volatile. It is also the stage that many contrarians start to get nervous and start thinking about bailing out. Nowadays we have two groups of contrarians. One being the true contrarians and the others are fashion contrarians. True contrarians believe that they should buy when no one is paying attention or hates the sector and jump out the moment the masses start investing heavily; fashion contrarians ignore all evidence around them and stick to the original argument that the sector they are investing in has to go up because the fundamentals have not changed at all. Gold bugs make for a classic example; in the last gold bull market they held all the way up and then continued to hold onto their investments all the way down. "