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- Uranium on the Rise
- Uranium Investors: Miserable No Longer?
- Spot Uranium Price Takes Temporary Dip
- Strathmore Minerals' Uranium Strategy Quadruples Its ‘Buying Power’
- Will Renewable Energy Be Uranium's 'Banana Skin'?
- Uranium Mania: Watch This Market Grow
- Miners Lobbied US DOE to Revive Uranium Price
- Nymex Uranium Futures Survey Results: More Interest, Volatility in Price
- Utilities Disagree Over Spot Uranium Price
- Uranium Spot Price Raised to US$95/pound
- Full List of Articles »
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Uranium on the Rise [view article]
buy! ReplyEditors
General Discussion on STHJF.PK
Is this a buy or a sell? Replyinvestor
Uranium on the Rise [view article]
I enjoyed all the information from the article and each of the posts, and had already started looking at some companys to invest in, but have not done so as yet (at least not in uranium.)Thank you for the great article and the posts.
Reply
Uranium on the Rise [view article]
many different thoughts about the future of nuke power - when you think of all the alternatives there is only one answer for base load electricity in the future - yet we are stuck with our false impressions of the dangers of nuke plants - some day we will get smart - HOPEFULLY !!!!!! ReplyUranium on the Rise [view article]
there is a nice article about uranium oversupply in barron's online last week. there is definately lots of uranium in 2011 to 2013 from the companies mention above ReplyUranium on the Rise [view article]
Good post Grumpyone,What Mr. Coombes does not account for is "peak oil" . Even if you do not believe in Hubberts Peak oil theory. All oil analysts will agree that all the "CHEAP" oil has been pumped. There may still be a lot of oil on the planet but it is VERY expensive to extract.
As we enter the ENERGY- CRISIS era, we will enter the age of switching from burning Fossil fuels to metal fuels. It is inevitable.
Countries and large corporations will start to hoard oil reserves. Nuclear energy is the only answer, solar/ wind will play a growing but minimal role.
The world is searching for alternatives to $100-200 OIL, first bio-fuels/ ethanol (ridiculous , stupid idea) , today they want to burn as much coal as possible. We all know what burning coal does to the environment. Even if you do not believe in global warming, everyone can agree the damage burning dirty coal does to the environment.
The writing is on the wall, Mr Coombes says we are years away from needing more uranium supplies. He is ABSOLUTELY mistaken. There is already a mining supply shortage.
What do you think the BIG OIL/ Utilities CO/ Sovereign Wealth funds will be buying very soon. Correction,... they are already accumulating.
A Uranium buying PANIC is enevitable.
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Uranium on the Rise [view article]
I do have to admit that I am not near as astute or well read on the subject of the future supply of Uranium as Mr. Coombes. I think one has to do some not so easy arithmetic to declare an "oversupply for years". We have to not only know the probable production, but also the probable consumption, and for years into the future while great changes in both are occurring - and that's not easy to do. With the advent of pebble bed reactors which can be spread out everywhere over a country, the acceptance and the use of nuclear power will rise dramatically. We all know they can be built much much faster than traditional nuclear power plants, much cheaper, and are not meltdown dangerous. We also do not know what other technical advancements will be made as the industry proliferates - good minds will rise to the challenge so that small plants can be built "everywhere"... I am not any kind of authority, but I have invested in several uranium mines and do a fair amount of reading from many different sources just to try to stay up on the industry.I do not know the percentage of production now, nor anticipated in the future, which is being done in situ, i.e. not by mining in the traditional sense. I know that the properties of the uranium deposit dictate whether that deposit can be recovered with that method, but a certain percent of total world production will be acquired without "mining". There are uranium producers who specialize in this technique, others who use both, others who mine only.
I disagree that nobody is analyzing the true production cost of uranium. I am certain that most every quality operation in the business has that down pat, and could teach us all a lesson on that.
I also disagree on the matter of anti-nuclear bias. From what I read, the tree huggers realize that uranium is a clean fuel and compared to coal, oil, and natural gas, it is a far cleaner fuel to create the world's power - they are in fact now endorsing the use of nuclear vs the carbon fuels, because it is better for the environment.
I do not believe that Mr. Coombes properly addresses the broad supply/demand situation for uranium. As astute as he is, even he cannot know the future supply, nor the future demand, nor the rate of increase of either.
We have almost 300 years supply of coal in the US, more than any other country on earth. Nonetheless, all the coal mine companies are doing just fine. So will the Uranium miners, no matter how many years supply there is in the ground. These mining companies are not stupid.
I don't know where Mr. Coombes got his information that it will be at least a decade before China has nuclear power plants on line. I was in China in October, and that is not what I was told. Their concern to clean up their air is much stronger than you think. They well understand that their coal power plants and manufacturers are polluting their people (especially their children), their water, their land, their health, .... everything. A decade or more to put nuclear power plants on line? I don't think so! They can and will
do it much faster than that. Their testing on pebble bed reactors is almost complete.
There are 440+ nuclear reactors in operation that generalte about 16% of the world's electricity. Another 25 are under construction,
38 are on order, and 115 are proposed. And that is just for now.
Also, there are 284 research reactors, and 220 nuclear-powered ships and submarines patrolling the oceans. The industry is not predicting an over supply of Uranium any time soon - and they may find that they cannot meet the demand, certainly now, maybe never. Only time will tell on this issue. Meanwhile, the miners are buying up more land that they suspect has Uranium deposits. Why in the world would they do that? Not to oversupply the market I am sure!
I am only suggesting that it is possible that Mr. Coombes opinions are just that - his opinions, and he can, and probably, is entirely wrong. I would not let his article scare you away from investing in uranium mining. Instead I would suggest you do your own due diligence, do a LOT of investigation and reading, and decide for yourself. Don't let one man's opinion scare you off. And I am not certain that the "majority" of uranium stock traders are basically inept analysts (while he is not) feverishly drawing trend lines. I think that is simply a hogwash statement to make, and I doubt that he has any facts or evidence to back it up.
Good luck with whatever investing you decide to do - I am going with both big and small uranium miner investments, have already done so, and will do more. And that is just my own decision!
Reply
Diversificat
ion
Uranium on the Rise [view article]
Although I believe in the long term promise of nuclear power - especially in China - it continues to amaze me that the only so-called "analysis" that anyone wants to do for uranium producers and explorers consists of drawing lines and talking about "uptrends".On the one hand, we have very valid arguments that China will need (and in my view, already has much more massive plans than we have been informed of) to build nuclear plants. However, even in regulatory-lite China, these plants will not be online for at least a decade. And even if China were to double the build-rate of nuclear reactors that the world achieved during the building boom in the 70s-80s, its going to be a long, long time before this drives uranium demand.
Now of course investors are right to try to position themselves for this future demand increase. But the reality is (the analysis that is always skipped) is that there is a lot of production coming on line, from the very companies mentioned here - Uranium One, Denison, etc.
Over the next few years, we are looking at an OVER supply issue, not a shortage. Even with Uranium One's sulfuric acid problems in Kazakhstan, they still expect massive production ramp ups.
There is a contradiction when we talk about the growth prospects for all the companies - based on their production expectations - but then we don't address the broad supply/demand situation for uranium. If these guys meet their targets, we will have an oversupply for years. This is a long time to ride out from an investment perspective.
Moreover, no one is analyzing the true production cost of uranium. And you're going to need to, because even if you don't believe this is a problem, the anti-nuclear side is coming out with a host of well-reasoned arguments that large-scale mining of somewhat lower-grade uranium is going to cost a lot more -- and may even have a negative EROIE! This message will impact the market because the popular press will repeat it, reinforcing its own anti-nuclear bias for a few more years.
Finally -- if you truly believe the nuclear story, why not play the engineering firms that will be booking business from this buildout -- SGR, MDR, FLR, FWLT and of course CEI.PA (AREVA)?
Perhaps this is because the majority of uranium stock traders are basically inept analysts feverishly drawing "trend lines" to try to justify their way out of the hole they are in for chasing uranium equities to unreasonable heights last Spring? Reply
r
Uranium on the Rise [view article]
My money is on FRG, DNN, and Strathmore. ReplyUranium on the Rise [view article]
Spot market does require Hedge Fund investments, to help create greater activity in the market and push up the spot price. ReplyUranium on the Rise [view article]
I would buy straight Uranium (U.TO) ReplyUranium on the Rise [view article]
Nice article..and thanks for the headsup on NLR jotenn. Nat Gas and uranium are really the only transition possibilities that are investible at this point. Coal is going to continue getting pounded politically and bio-fuels are a dead end. Look at Toshiba (Japan) for an under the radar construction play.... ReplyUranium on the Rise [view article]
it is worth noting that the juniors have not advanced recently like CCJ or NLR. either they are lagging and provide the best upside potential or the bottom is not in. NLR is great, but it all depends on your risk tolerance. some of the smaller uranium miners would need to double to get back to recent highs, whereas NLR would only need to go up 40% or so. i believe uranium one and strathmore will outperform their peers. ReplyUranium on the Rise [view article]
About time the trend reversed on uranium. What about buying an ETF to take advanatge of this? The only one I know is NLR.... ReplyAzzopardi
Will Renewable Energy Be Uranium's 'Banana Skin'? [view article]
I'm more than sure in what you are saying, The next energy must be Uranium. It is the most clean,efective and cost wise energy. It is the alternative energy. Reply