Subscribe for 12 months with recurring billing - $199

Buy 12 months of subscription time - $199

 

Search Uranium Stocks
Uranium Price
Our RSS Feed

Uranium Updates

Enter your email address:

Follow Us on Twitter
Friday
Jan232009

Uranium-Stocks: Portfolio Update 25 January 2009

Uranium Chart 24 Jan 09
Chart courtesey of www.uranium.info.

The uranium spot price stands at $51/lb according to TradeTech with the long-term price of uranium trading at $70/lb as depicted on the chart above.

On the 6 January 2009 we decided to put a toe in the water and purchased shares in Denison Mines Corporation at $1.66 and Crosshair Exploration and Mining Corporation at $0.25, other than that there are no changes
.

Our intention remains to hold on to what we have as the damage has already been done to our uranium holdings, and we are holding our positions at heavy losses until such time that the uranium industry turns around, although we acknowledge this could be some time away. In the mean time we do intend to make the occasional acquisition as and when the opportunities present themselves

Here follows our portfolio update as of 24 January 2009:

Cameco Corporation – Watch
This uranium heavyweight closed down at $16.82 on Friday, down from $17.23 on 01 December 2008 when we last updated this portfolio. We currently have no position and are not buyers at this point.

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 $0.075, which is just above its 50dma.

Uranium Participation Limited – Hold
Not much change in this stock since our last portfolio update, now trading at $7.16 as opposed to $7.39. We bought at $11.97 on 21 November 2006 so still in the red with this trade.

Strateco Resources Incorporated – Hold
We made a small investment in RSC at $2.30 but it crashed to $0.48 at our last update, before recovering slightly to close Friday at $0.74.

Laramide Resources Limited – Buy
We bought 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 at the last update but closed yesterday at $1.86. 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 was trading at $0.72 at the last update and closed yesterday $1.18. So, if you did decide to bag a few of these shares then well done.

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 $0.165 at the last update and closed yesterday at $0.34

Aurora Energy Resources - Hold
We bought Aurora on the 5th March 2007 at $14.17 and it was trading at $1.21, at the last update and it closed yesterday at $2.17 a slight improvement but still a total hammering for our position. This is due the sell off in the sector, as well as licensing issues in the central mineral belt.

Strathmore Mineral Corporation - Hold
We bought STM on the 14th April 2007 at $4.96 and it was trading at $0.24, at the last update and closed yesterday at $0.41 for a slight improvement however still a very disappointing performance indeed.

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 $0.74, however it has made a slight recovery from trading for under 40 cents recently.

Other than sit tight through these torrid times, there is little we can do right now. This situation may remain with us for some time, so we will just have to hold on until the argument for nuclear power begins to take centre stage again and gives the uranium price a boost.
However we do believe that the worst is behind us now so now is the time to be looking to acquire a few more of your favourites uranium stocks as this tiny sector begins a slow course of recovery.

Have a good one.

If you are new to this web site and wish to receive our free newsletter regarding investment in uranium stocks and updates regarding uranium, then please click here to subscribe.
For our latest commentary and trading signals on gold and silver, click here to subscribe to The FREE Gold Prices Newsletter and click here for The FREE Silver Prices Newsletter.




Tuesday
Jan202009

Uranium One: Re-Visited!

UUU Chart 20 Jan 09


On October 15th, 2008 Uranium One was suffering due to strike action, which had a dramatic effect on the stock price, and we wrote the following:

This is a kick in teeth for the investors who must be wondering just what else can go wrong, as this stock has fallen heavily to close yesterday at $0.89. We do feel for the investors as we are in a similar position with some of our stocks.

As investors these situations raise the question of ‘Is this the buying opportunity of a lifetime or will it get worse’.


Well from the above chart we can see that things have improved since then and yesterday Uranium One traded 14.6 million shares to close at $2.15. We can also see that this stock has made steady progress over recent months avoiding some of the volatility that has seen other uranium stocks oscillating widely. However it is still light years away from the highs achieved in April 2007 when the stock reached $35.00, but it is heading in the right direction and if you don’t own it you might want to add it to your watch list. For disclosure purposes we do not own it but would anticipate it doing very well once uranium starts to head north.

The current spot price for uranium Stands at $51.00/lb and the long-term price is holding at $70/lb according to TradeTech which is the price to watch as this is where the lions share of the trading is conducted.

Uranium One Incorporated trades on the Toronto Stock Exchange under the symbol of UUU, has a market capitalisation of $1.01 billion with 469.52 million shares outstanding.

Got any comments? Fire them in!

If you are new to this web site and wish to receive our free newsletter regarding investment in uranium stocks and updates regarding uranium, then please click here to subscribe.

To stay updated on our market commentary regarding gold, which gold stocks we are buying and why, please subscribe to The Gold Prices Newsletter, completely FREE of charge. Simply click here and enter your email address.

For those readers who are also interested in the silver bull market that is currently unfolding, you may want to subscribe to our Free Silver Prices Newsletter. Just click here.


Saturday
Jan172009

Laramide Resources Limited: Showing signs of life!

LAM Chart 17 Jan 09

Chart courtesy of StockCharts.com


In late December 2008 this uranium stock traded as low as $0.60 so it is pleasing to see that it is now heading north and that Laramide closed at $1.95 on Friday. We are aware that this stock price is a long, long way from its former highs when the share price hit $16.00, however we are still believers in the uranium story and see this tiny sector as a buying opportunity.

Unfortunately for us we do not have unlimited funds to invest but we do intend to partake in some bargain hunting at these price levels as we did when purchasing Crosshair and Denison recently.

Back to Laramide where the company has:

Approximately 60 million pounds of U3O8 (uranium oxide) located in NI 43-101 compliant resources. It also has some exciting exploration projects located in the USA and Australia, with the potential to double these known resources.

It should also be remembered that Laramide also has a gold interest as we reported on June 19th, 2008:

“The gold mineralisation appears to be partly at least spatially separate from high grade uranium mineralization. To date it is not clear what is controlling the gold mineralisation; however the mineralisation could be distal to uranium. This opens up the possibility of a separate substantial gold deposit”

So we will continue to hold our stock and monitor Laramide’s progress with the view to possibly increasing our exposure to this stock. We should note here that do need to stay of aware of other players in this market such as Hathor Exploration Limited which has been going great guns recently.

Laramide Resources Limited has a market capitalization of $121 million, with 62.55 million shares outstanding, Laramide closed yesterday at $1.95.

Laramide trades on the Toronto Stock Exchange under the symbol of LAM.

If you are new to this web site and wish to receive our free newsletter regarding investment in uranium stocks and updates regarding uranium, then please click here to subscribe.

These are fast changing times and its essential that you stay up to date with what is going on in the market. For our latest commentary and trading signals on gold, click here to subscribe to The FREE Gold Prices Newsletter and click here for The FREE Silver Prices Newsletter.



Thursday
Jan082009

Uranium Long Term Price

Uranium Long Term Price Indicator 09 Jan 09
Chart courtesy of TradeTech

We usually get questions regarding the spot price of uranium but of late there have been a few questions regarding the long-term price of uranium.

For this data we tend to turn to Uranium.info or as it is sometimes referred to TradeTech, as they carry the above chart together with a lot of supporting data and market commentary. As we can see from the above chart the current long-term price indicator stands at $70/lb and this is the level at which most transactions take place.

Other sites that you might find useful are The UEX Consulting Company and u3o8.biz. Just click on the link to access them.

U3o8 Uranium Chart 09 jan09
Chart courtesy of u3o8.biz

Hope this helps.

Have a good one.

If you are new to investment in the precious metals sector then you may wish to subscribe of our FREE newsletters regarding gold stocks, silver stocks and uranium stocks, please click on the links.

Monday
Jan052009

Denison and Crosshair Purchased!

DNN Chart 06jan08
Today we decided to put a toe in the water and purchased shares in Denison Mines Corporation at $1.66 and Crosshair Exploration and Mining Corporation at $0.25.

Firstly Denison Mines Corporation; this is a company that we tried to buy when the uranium market was far more buoyant but we failed to do so as our bids were too miserly. This stock is well thought of and has many supporters and at one time traded at around $14.00 per share. You could argue that we are late coming in at this time as this tiny sector has suddenly spiked and you would be correct in thinking that way. However we wanted to see some signs of life before making any more acquisitions and hopefully this recent upsurge is the beginning of a revival for uranium stocks. There could well be some profit taking by those who moved early but in twelve months or so we expect to Denison trading much higher than the price we have just paid for it. This is our first purchase of Denison but we do hope to build a bigger position going forward.

The second purchase was for Crosshair Exploration and Mining Corporation, which again is a uranium stock that has traded much higher in the past so we have taken a small position at twenty-five cents. We have followed Crosshairs trek south for some time now looking for a bottom and as you can see from the chart it has been badly beaten up. However, the last few months or so it has shown signs of consolidation and more recently jumped higher. We are hopeful that this is also a beginning of a new trend for this stock.

Crosshair Chart 06jan08






Got a comment – then fire it in!

Have a good one.

If you are new to this web site and wish to receive our free newsletter regarding investment in uranium stocks and updates regarding uranium, then please click here to subscribe.

For our latest commentary and trading signals on gold and silver, click here to subscribe to The FREE Gold Prices Newsletter and click here for The FREE Silver Prices Newsletter.




Thursday
Jan012009

Uranium Stocks Double in one month!

Uraniun Chart 02jan09


Uranium stocks showed some signs of life with a bounce back in December 2008 despite the spot price remaining at $53/lb. A quick look at the list below indicates the percentage gains achieved by some of the household names in this market sector.

Denison: $0.60 - $1.18, 96% gain
Laramide: $0.55 - $0.98, 78.18% gain
Mega: $0.42 - $0.77, 83.33% gain
Aurora: $0.90 - $1.80, 100% gain
Khan: $0.175 - $0.43, 145% gain
Crosshair: $0.09 - $0.19, 111.11% gain.

Even with these gains many uranium stocks are still way down from their highs but it is encouraging to see them head north in this manner. This could be a blip created by bargain hunters who with some trepidation are putting a toe outside of their nuclear bunkers to test the water. Then there is the possibility of a honeymoon period for President Obama whereby the stock markets are lifted in the hope that the change in leadership will be a positive one. Also in the news is the plight of those living in the Ukraine where Russia has just cut off the gas supply. The wider implications for Europeans depending on Russian gas supplies must be a cause for concern. However new nuclear power plants will not be built over night but this sort of threat of supply cuts should raise the question of more independence in the area of power generation and put the spot light back on nuclear energy.

Still it’s a good start to the New Year and long may it continue.

Got a comment – then fire it in!

Have a good one.

If you are new to this web site and wish to receive our free newsletter regarding investment in uranium stocks and updates regarding uranium, then please click here to subscribe.

For our latest commentary and trading signals on gold and silver, click here to subscribe to The FREE Gold Prices Newsletter and click here for The FREE Silver Prices Newsletter.






Saturday
Dec202008

Happy Christmas and a Precious Metals New Year

Team,

Its been a tough old year for metals and mining bugs with the start of 2008 shaping up so well only to run aground in the straits of de-leveraging. Hopefully the flight to cash is now behind us and the real rate of return on cash deposits is negative so sooner or later investors will get their heads up and look for a better bang for their buck. They will also recognise that their political masters are diluting all currencies, as financial stimuli is the order of the day. Holding currencies adds up to a slow death if investors stick with paper long enough. As we go forward savvy investors will be looking to escape the clutches of government and the organised theft of their wealth. The precious metals sector offers a lifeline in that they cannot be printed by anyone and therefore offers a relatively safe harbour in which to drop anchor
(Read More...)
Wednesday
Dec172008

Uranium Stocks still in hibernation!

Uranium Chart 18dec08
Chart courtesy of u308.biz.


As we can see from the above chart the mini rally in the uranium spot price was short lived as the festive season brought with it some lacklustre trading. The chart also shows the price of oil falling out of bed and gold beginning to recover from the recent sell off caused by the flight to cash.

TradeTech commented as follows:

As year-end approaches, there is a growing gap between bids from willing buyers and offers from willing sellers, primarily due to a mismatch in delivery timing desired by the parties. Sellers are generally looking to place material sooner than buyers are willing to accept delivery. Spot demand remains strong, but a significant portion of active demand involves delivery in 2009. In particular, one non-US utility is looking for approximately 2 million pounds U3O8 with delivery to occur by June 2009. As year-end approaches, there is a growing gap between bids from willing buyers and offers from willing sellers, primarily due to a mismatch in delivery timing desired by the parties. Sellers are generally looking to place material sooner than buyers are willing to accept delivery. Spot demand remains strong, but a significant portion of active demand involves delivery in 2009. In particular, one non-US utility is looking for approximately 2 million pounds U3O8 with delivery to occur by June 2009.

Over at NYMEX the data tells pretty much the same story with the December 2008 contract trading at $53/lb and the December 2009 contract trading at $59/lb.

Uranium stocks continue to remain range bound with the odd exception and at a very low level indeed, maybe the Obama effect will bring this tiny market sector back to life next year. We have constantly monitored the horizon for signs of a recovery but it appears to be hibernating like an over fed bear that can’t be bothered at the moment.

Got a comment, fire them in.

If you are new to this web site and wish to receive our free newsletter regarding investment in uranium stocks and updates regarding uranium, then please click here to subscribe.

For our latest commentary and trading signals on gold and silver, click here to subscribe to The FREE Gold Prices Newsletter and click here for The FREE Silver Prices Newsletter.


Wednesday
Dec032008

Uranium Participation: Bucking The Sector Trend

Uranium Participation: Bucking The Sector Trend


Whilst the majority of uranium stocks, and in fact most stocks across the board, appear to be fizzling away in recent month, Uranium Participation appears to be challenging with this recent rally, perhaps indicating a slight change in sentiment towards the sector.

Uranium Participation has rallied from below $5 to above $7 in just two months, a gain of over 40%. Meanwhile other uranium stocks, such as those in mining and exploration, have been making lower lows. The Relative Strength Index (RSI) is also moving higher, which is a sign of growing strength in the stock.

Perhaps there is some hope in this rally, as U.TO gets pushed higher by the uranium spot price rising to $55/lb during the last two months. This could be a sign that things are getting better, or at least are taking a pause from getting worse, in the uranium sector, and that we could be moving closer to a turnaround.

For those not familiar with this stock, Uranium Participation is a fund which holds physical uranium, thereby by purchasing shares in the company, one gains exposure to fluctuations in the uranium price.

If you are new to this web site and wish to receive our free newsletter regarding investment in uranium stocks and updates regarding uranium, then please click here to subscribe.

For our latest commentary and trading signals on gold and silver, click here to subscribe to The FREE Gold Prices Newsletter and click here for The FREE Silver Prices Newsletter.

Sunday
Nov302008

Uranium-Stocks: Portfolio Update 01 December 2008






(Chart from u308.biz)

The uranium spot price stands at $55/lb according to UXC and TradeTech with the long-term price of uranium trading at $70/lb.

The long term factors behind uranium and nuclear power appear to have been completely disregarded over the past year or so, with the relentless dumping of uranium stocks and, more recently, the commodity itself with drops now being seen in the long term price.

However our intention remains to stay put as the damage has already been done to our uranium holdings, and we are holding our positions at heavy losses until such time that the uranium industry turns around, although we acknowledge this could be some time away.

Here follows our portfolio update as of 1st December 2008:

Cameco Corporation – Watch
This uranium heavyweight closed down at $17.23 on Friday, having taken a real battering in both the mainstream market sell off and the water problems at Cigar Lake. We currently have no position and are not buyers at this point.

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 $0.085

Uranium Participation Limited – Hold
Not much change in this stock since our last portfolio update, now trading at $7.39 as opposed to $7.74. We bought at $11.97 on 21 November 2006 so we well and truly in the red with this trade, however the position is a better condition than many other uranium stocks.

Strateco Resources Incorporated – Hold
We made a small investment in RSC at $2.30 but it crashed to $1.70 at our last update, before falling further to close Friday at $0.48, another major disappointment.

Crosshair Exploration and Mining Corporation Watch
We continue to watch CXX, however at $0.11 it has been completely pummelled and in fact, the stocks deterioration began before other uranium stocks, and before the uranium price starting to drop. Therefore we remain firmly on the sidelines with this one.


Laramide Resources Limited – Buy
We bought at $5.78 on the 28 July 2006 so again we are still in the red with this one, since it closed at 97 cents on Friday. 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 was trading at $0.72 yesterday. It appears that despite the positive news coming in from down under regarding uranium mining, the stock is continuing to slide, so buying this one is very much a speculation.

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 trading closing yesterday at $0.165. We would not make a small investment in this company but would seriously consider taking it over if we had the firepower available, since the company is extremely undervalued.

Aurora Energy Resources - Hold
We bought Aurora on the 5th March 2007 at $14.17 and it is now trading at $1.21, a total hammering for our position. This is due the sell off in the sector, as well as licensing issues in the central mineral belt.

Strathmore Mineral Corporation - Hold
We bought STM on the 14th April 2007 at $4.96 and it is currently trading at $0.24, which is a very disappointing performance indeed.

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. We had hoped to have bottomed on this one, but it was not to be and it closed yesterday at $0.70, however it has made a recovery from trading for under 40 cents recently.

Denison Mines Corporation – Watch
We don’t own Denison (DML on the TSE) despite trying to buy it when times were better. However on 28 July 2008 we purchased the JAN09 Call Options of Denison Mines Corporation at a strike price of $7.50 for $1.10 per contract and they unfortunately closed yesterday at $0.05, so we’re dead in the water on this one.

Other than sit tight through these torrid times, there is little we can do right now. This situation may remain with us for some time, so we will just have to hold on until the argument for nuclear power begins to take centre stage again and gives the uranium price a boost.

One ray of hope on the horizon is that when the recession fully hit home, governments around the world will be looking to increase public spending to boost the economy and create jobs. Nuclear power could figure in this spending, especially since it is a logical step to be making anyway.

If you have any comments or suggestions then please feel free to add them to this article whether you agree with us or not.


If you are new to this web site and wish to receive our free newsletter regarding investment in uranium stocks and updates regarding uranium, then please click here to subscribe.

For our latest commentary and trading signals on gold and silver, click here to subscribe to The FREE Gold Prices Newsletter and click here for The FREE Silver Prices Newsletter.