siliconsamurai

Uranium: Unloved and Unwatched

would like to learn good reason to own ccj. I'm not against the company, just don't see why buying a flooded mine is a good idea.

Uranium: Unloved and Unwatched

I'd also like to point out the amazing lows in some uranium stocks.

I'm not an internet tout so I won't list companies, but some I have invested in are actually selling below cash value! i.e. the total stock value of the company is LESS than their cash on hand. One, Alberta S** not only acknowledged this recently but stated that they are conserving cash. that means that their stock price is 100% + covered by their cash reserves, they aren't spending them on exploration, AND they own vast land concessions.

Uranium: Unloved and Unwatched

The spot price of U is really not significent because of the extremely low volume.

Long term contracts are critical because no sane manager would rely on the spot market to keep the lights on in his/her country.

Consider the SWU price for usable uranium and the fact that India has cut back power production due to a lack of uranium. (SWU vs U oxide prices is comparable to the difference between crude oil which is only sold to refineries and gasoline which you can actually use.

Fortunately Congress recently permitted Thorium Power Ltd (VA) to expand its services to India in addition to current work in Russia.