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« Mickey Fulp: Race to Rare Earths Heats Up | Main | Cheap Oil is Gone, and That’s Good News »
Friday
Jan152010

Uranium-Stocks: Portfolio Update 15 January 2010

Uranium Chart 16 Jan 2010.JPG

Chart courtesy of [1] u3o8.biz.

As we can see from the Chart above uranium prices have $44.50/lb and has been more or less at this level for some time now. The knock on effect is to cap the prices of uranium stocks with little movement in most of them.

Here follows our portfolio update as of 15 January 2010:

Denison Mines Corporation – Buy
Bought on 6th January 2009 for $1.66, a uranium stock that we had watched for some time but for various reasons we had never managed to purchase it. We are happy to own some of this stock and believe it to be a good quality acquisition, DNN closed at $1.60 yesterday

Crosshair Exploration and Mining Corporation – Buy
We never expected to see Crosshair trade as low as it is today so we acquired some on 6th January 2009 at a cost of $0.25, again we are pleased to own this uranium stock despite the price falling back over the last few months. CXX closed at $0.21 yesterday.

Cameco Corporation – Watch
This uranium heavyweight closed yesterday at $31.91 and is holding up very well, we have traded CCJ/CCO in the past but do not own of this stock at the moment.

RPT Uranium Corporation – Hold.
We bought RPT on the 19th February 2007 for $0.42 and sold it for $0.62 on the 13th June 2007 for a profit of 47.6% in 4 months. We then bought it back at around 50 cents, however RPT closed yesterday at $0.22 up from $0.175 from last time.

Uranium Participation Limited – Hold
Now trading at $6.51 as compared with $7.90 at the last update . We bought at $11.97 on 21 November 2006 so still in the red with this trade with a long climb ahead.

Strateco Resources Incorporated – Hold
We made a small investment in RSC at $2.30 but it crashed to as low as $0.48 has started to recover slightly to close at $0.85 yesterday. So its still fingers crossed for this one.

Laramide Resources Limited
– Buy
We bought LAM at $5.78 on the 28 July 2006 so again we are still in the red with this one, it was trading at 97 cents recently however has started to recover and closed yesterday at $1.93 having experienced some extreme volatility . When we were sitting on a paper profit of around 80% we sold half of our position in order to buy other uranium stocks, as we needed a bigger spread of stocks at the time.

Mega Uranium Limited – Buy
We bought MEGA at around $4.0 on 27 July 2006. MGA closed yesterday $0.82, again a very volatile and disappointing uranium stock.

Khan Resources Ltd - Hold
We bought Khan on the 5th March at $3.63 and it has since dropped to lower levels due to licensing issues with the Mongolian regulators. So, in anticipation of Khans management team finding a resolution to this problem we decided to buy again. (See Khan Resources: A speculative buy) the stock rallied and we took a profit of 15% in a matter of days before the stock fell back again. Khan is still having a torrid time and was trading at $0.405 recently but it closed yesterday at $0.72.

Aurora Energy Resources
Has now been devoured by FRG which is both a gold and uranium play and we have included it in the gold portfolio.

Strathmore Mineral Corporation - Hold
We bought STM on the 14th April 2007 at $4.96 and it traded as low as $0.24, however, it closed yesterday at $0.48 still a very disappointing performance indeed and extremely volatile.

Ur-Energy
- Hold
We bought Ur-Energy on the 23rd April 2007 at $4.75 and we also bought again on the 24th August 2007 when we acquired more stock at $3.03, it closed yesterday at $0.73 having been up to $0.93 at the last update.

Extract Resources Limited
This is a stock that was brought to our attention by our readership so we placed it in the watch list so we could observe it before actually buying it. At the time it was trading at around $5.00, it then dropped to $3.50 before recovering to close at $8.58 yesterday, having been as high as $11.45.

Kalahari Minerals PLC (KAH.LN), an AIM-listed (London Stock Exchange) mining exploration group with a portfolio of uranium, copper and base metal interests in Namibia, now holds 40% in Extract Resources Limited. Extract trades on the Australian Stock Exchange under the symbol of EXT.AU.

For UK residents who have difficulty in accessing the Australian markets you might want to consider trading Extract and Kalahari via Geiger Counter GCL which is on the LSE International.

For disclosure purposes we do not own either of these stocks yet.

Other than sit tight through these torrid times, there is little we can do right now. This market is moving sideways as we can see by the fairly static nature in most of the stock prices, so we will just have to hold on until the argument for nuclear power begins to take center stage again and gives the uranium price a boost.

Have a good one.

Please use the comment box to add your opinion on this matter, they really are appreciated whether you agree with us or not.


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Reader Comments (13)

Hey!

Take Crosshair off your "buy" list! I happen to own it, and don't need the Uranium Stocks jinx to send the share price even lower.

Or better yet, could you change the recommendation to "sell?" That should do it! (;-P)

January 16, 2010 | Unregistered CommenterJoeBronx

I was surprised to hear that Uranium-Stocks owners are still holding onto their uraniums in hopes of an eventual recovery (which will most likely occur...but when?).

My thinking is that if I have lost a lot of money (on paper) on a stock, I ask myself, "Self, would I be better sitting on it waiting for it to recover, or do I see another stock, or another group, that looks like it will go up faster?" And so, I took my massive portfolio of uraniums, which had dropped from $220K down to $17K by Dec. 1, 2008, re-distributed the dogs (sold the suckers), bought a few likely candidates that were being promoted, switched into silvers and golds, briefly, but I found my nerves were no longer made of steel. I would hold a stock for a short period and sell it as soon as there was even a small profit. In May 2009, I switched out of uraniums for good and into Rare Earths. From Dec 2008 to Dec 2009 my portfolio increased 400%.

January 16, 2010 | Unregistered CommenterBobbyGee

This entire situation is a real puzzle. I am groping for the answer to the lack of price movement, and the economy really should have nothing to do with it. Right now, at these uranium prices, and with all the nuclear plants under construction and on the drawing boards, the major players - China, India, Russia etc., should be making their move to obtain commitments. If they are waiting for lower prices, it may not happen once activity starts up which may be b/4 too long. I am thinking of adding to Laramide.
John

January 16, 2010 | Unregistered CommenterJohn Ell

Joe,

Send us a list of your stocks and we will buy one of each to give your portfolio a boost, at no extra charge....

January 17, 2010 | Unregistered CommenterUranium Stocks

BobbyGee,

Which Rare Earths do you hold now and which stocks returned a 400% profit?

January 17, 2010 | Unregistered CommenterUranium Stocks

Dear Sirs,

May I clarify my profit on the Rare Earths?
Firstly, the ones I trade in are on the Toronto Stock Exchange and are: Rare Earth Minerals (RES.V), Quest Uranium (QUC.V), Avalon Precious Metals (AVL.T), Ucore Uranium (UCU.V), Great West Minerals (GWG.V), and Neo Material Technologies (NEM.T).

Secondly, I did not communicate clearly. I had invested my paltry $17K into some silvers, golds, and uraniums as of Dec/2008, bought and sold them viciously, and had managed to increase my portfolio value to about $48K.

Thirdly, I sold off all uraniums and precious metals stocks in May 2009 and began investing in rare earth stocks.

I bought RES.T at $1.48 and it went as high as $4.69. It is currently at $3.99 and I have sold it at its peaks, using Stochastic Charts, Bollinger Bands, and intuition as a guide and bought it back on dips. I am currently waiting for another dip back to $3.55. It is a top company, the surest bet in this sector, highly recommended by every advisor and website.
I began buying GWG.V at $0.135, it is currently $0.33 but went as high as $0.46. My next buy-in will be at 0.28.
AVL.T was bought at $1.81; it is now $2.95, having gone as high as $4.24. I will buy it back at $2.67 or so.
Bought UCU.V at $0.485. It is at 0.435, having gone as high as $1.00. I sold it quite high and bought more back at .485.
QUC.V has one of the largest discoveries of rare earths outside of China, maybe one of the largest on the planet.

I bought QUC.T at $1.30; it is now $3.15 and went as high as $4.24. My next buy-in is at $2.91.
I haven't bought any NEM.T but have been waiting for it to pull-back. It is not a miner, but a manufacturer, and has most of its production in China, where the Chinese hold about 95% of the world's production of rare earth minerals.
NEM.T would be the best investment in this whole sector. It rarely pulls back much. Look at its chart. High is $5.05.

Hope this helps. Although some of these seem like uranium companies, they are focused on rare earths. Good hunting.

January 17, 2010 | Unregistered CommenterBobbyGee

BobbyGee,

Thank you sharing with us a detailed account of your trading activity it is very much appreciated and hopefully will attract more comments from other readers, thus we will all learn.

January 17, 2010 | Unregistered CommenterUranium Stocks

Rare Earths all mentioned were first selected by James Dines in the Dinesleter and every one has copied him.
Uraniums look blown out for several more years .WHY?
No immediate increase in demand as the new nukes will not come online for at least five to ten years ,the time it takes to build them. There is a huge surplus ,contary to what you read. Lehmans are siting tight on a pile not saying when they will sell it. Golman Sachs have a pile having bought into Nufcor since renamed uranium ltd. Russia have extended the deal with the US by being allowed to trade directly with utilities and have signed a $1billion
contract with three of them covering several years so they will be out of the market.Also we can only guess at what stocks Russia really holds but they have said they intend to become the largest player in the market.
Short term shoratge NO Long term Yes until production is ramped up.
Positive note to finish Mega have found multiple rare earths on one of their sites

January 18, 2010 | Unregistered Commenteruranium bug

May I correct "uranium bug"?
Jim Dines did not recommend, and has never recommended, either Ucore (UCU.V) or Great Western Monerals (GWG.V). I dug these out through my own research. I also found Commerce Resources (CCE.V).

I do not agree that "everyone" has copied Dines. There are very few rare earth miners outside of China; so, when China issued a report that it was going to reduce its exports of rare earths (Japan and the USA rely heavily on China's exports), this was seen as a red flag and a wake up call. A few astute analysts did their homework and came up with the same scenario as Dines.

There is a huge mine in the USA, Molycorp, but it is privately owned by Goldman Sachs, et al. It is being pushed into production, having produced rare earths in the past.

Pele Mountain (GEM.V)is also touting itself for finding rare earths on its uranium property, and there is another miner, Rare Earth Metals Inc. (RA.V). But I re-iterate my statement that without the metallurgy, many company's rare earth minerals will remain clumped together and will be worthless.

January 18, 2010 | Unregistered CommenterBobbyGee

BobbyGee,

Thanks once again and please keep in touch as you are ahead of the curve and we all benefit from quality input.

January 19, 2010 | Unregistered CommenterUranium Stocks

Sorry folks, I think one of my paragraphs about metallurgy for rare earths went missing. Metallurgy is the science or process of separating various metals from one another. In the rare earth domain, there are many rare earth minerals found together and they need to be separated before they can be used for end products. The metallurgy for rare earths is highly complex, much more than other metals; however, there is an extreme shortage of qualified, skilled people who can perform this work, as China has cornered the market on the skilled trades, too. Very few miners have the skilled people to do this work, but RES.V, AVL.T, and maybe QUC.V, do have these people. (NEM.T does too, but they are working in China). So, even tho a miner claims to have discovered rare earths, it is likely they will be worthless unless they can get the metallurgy in place.
Thank you to uranium-stocks.net.

January 19, 2010 | Unregistered CommenterBobbyGee

I see that James Dines' name is appearing here a few times.

Anyone wanna start a club? If so, I think it should be called the "How much Richer I'd be if I NEVER hear of that Asshead James Dines club". Minimum paper or genuine loss to date must be a minimum of $100,000.00 US.

I know I certainly qualify; does anyone else out here? Yeah, I know, "you pays your money, you takes your chances," and all, but this guy, and his average Uranium stock recommendations, each of which are DOWN over 90% (CROSSHAIR, ALBERTA STAR, TITAN URANIUM, BAYSWATER, SANTOY, CASH MINERALS, and a couple others which I own) makes my ENRON and LEHMAN BROS. look like sound investment vehicles.

And what's worse, I had to PAY $275.00 a year for the priviledge of losing this much money- after all, I never would have heard of these dogs without Dines' help- oooffaaa!

Dues will be $25.00, or the combined value of all your Dines-recomended Uranium stocks, whichever is higher. Any objections to my nomination as President?

January 21, 2010 | Unregistered CommenterJoeBronx

how about stans energy in kyrzyrstan if they can stay afloat with the new regime. they are even buying the plant to seperate the metals.

April 25, 2010 | Unregistered Commentermike

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