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Aurora Energy Resources Incorporated: Up 10.67% today!

On turnover of 867,000 shares Aurora gained $0.38 to close at $3.94. It is hard to see just what contributed to this move, as there has been no real news that we are aware of released today.

The last news we saw was about the establishment of a new panel that will give community representatives from coastal Labrador input into project planning and key environmental work, but that was a week ago.

Maybe it was just one of those days when it was Aurora’s turn in the sun for the bargain hunters slowly re-positioning themselves in this market sector. Uranium One added about 4%, Ur-Energy added about 3% and Laramide added about 5%.

Not complaining just a bit puzzled.

Have a good one.

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Uranium-stocks: Portfolio Update 23 June 2008

Uranium Chart 23 June 2008

This chart is courtesy of

A month ago it looked promising as there were signs of a small rally forming however this appears to have dissipated as investors used the higher prices to cut their loses and return their cash to the sidelines. We had hoped to bring you more ‘buy’ signals but have decided to remain cautious until a clearer picture emerges.

Cameco Corporation – Watch
Cameco was trading at $42.48 when we last updated the portfolio and closed at $37.90 on Friday, not so good progress by this sectors heavyweight, however it is holding up better than most uranium stocks.

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 still like this stock and so bought it back at around 50 cents, however RPT has traded as low as $0.15 over recent months and just when we are beginning to despair it puts in a terrific run to double in just over a month and closed on Friday at $0.34. However, looking at the chart the RSI suggests that it is now overbought so expect a breather.

RPT Chart 22 June 2008

Uranium Participation Limited – Hold
U was trading at C$9.60 last month but as of yesterday it was trading at $9.05. We bought at $11.97 on 21 November 2006 so U is still showing a paper loss but we will continue to hold, as it offers direct exposure to uranium without the risks inherent in mining.

Strateco Resources Incorporated – Hold
We made a small investment in RSC at $2.30 and it has traded as high as $2.87, however it closed at $2.15 yesterday, a slight improvement on last month. The news flow has been good so we will continue to hold this stock in expectation that it will do well as this market sector regains its popularity with investors.

Crosshair Exploration and Mining Corporation Watch
We continue to watch CXX. The stock was trading at about $0.82 last month and has seen some dramatic moves in both directions; it closed yesterday at $0.76. We had hoped that CXX had found some support at $1.00 but that soon dissipated. The news flow has been good and frequent so this rapid deterioration remains as a puzzle to us. Although we do not own this stock it remains tempting at these price levels and we may be looking at a gift horse in the mouth. We do need to see some signs of improvement before investing Crosshair.

Laramide Resources Limited – Buy
This stock was trading for about $4.67 at the time of the last update it and closed yesterday at $3.85. We bought at $5.78 on the 28 July 2006 so we are still in the red with this one. 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. In the last update we said that Laramide might have formed a bottom at $3.00 so hopefully we can look forward to better things from this stock, when the market in general improves.

Mega Uranium Limited – Buy
We bought MEGA at around $4.0 on 27 July 2006. MGA was trading at $2.36 last month but has since dropped back to close at $2.10 yesterday, having traded as low as $1.79 recently. Hopefully Mega has found some support at $2.00, and can go on from here to higher ground.

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 having a torrid time trading as low as $0.79 before closing yesterday at $0.87. Here is an interesting news bite that we spotted the other day:

ALMATY, KAZAKHSTAN, June 19 /CNW/ - JSC Compass Asset Management
("Compass") announces that, through investment funds that it manages, it has acquired control of an aggregate of 5,669,100 common shares of Khan Resources Inc. ("Khan Resources"), representing approximately 10.47% of the presently issued and outstanding common shares of Khan Resources. The common shares were acquired in multiple trades through the facilities of the Toronto Stock Exchange. Compass acquired control of the common shares through its managed funds for investment purposes and may, depending on market and other
conditions, increase or decrease the number of common shares over which it exercises control through future purchases and sales. Khan Resources is listed
on the Toronto Stock Exchange under the symbol "KRI".

About Compass

Compass is one of Kazakhstan's leading asset management / hedge fund companies and is located at 240v Furmanova Street, Almaty Kazakhstan, 050059.

We have yet to decide just what this means so we will keep an eye on it for now.

Aurora Energy Resources - Hold
We bought Aurora on the 5th March 2007 at $14.17 and it is now trading at $3.62, having traded as low as $3.33. Aurora has implemented an outreach programme in an attempt to convey the benefits of their planned mining activities to the community. A resolution to the issues surrounding the granting of a mining license is desperately critical to their activities in the Central Mineral Belt, so lets hope that they are successful.

Strathmore Mineral Corporation - Hold
We bought STM on the 14th April 2007 at $4.96 and it is currently trading at $1.51, having been as low as $1.40, which is a very disappointing performance indeed. STM’s mini rally petered out as investors sold into what was a small rally.

Ur-Energy - Hold
We bought Ur-Energy on the 23rd April 2007 at $4.75 and we also gave a second buy signal on the 24th August 2007 when we acquired more stock at $3.03. In the last update we asked is this was the low for URE as it was down to $1.78, well it could have been as this stock moved up to $2.15, however this surge was also short-lived as it closed yesterday at $1.95.

Denison Mines Corporation – Watch
We don’t own Denison (DML on the TSE) despite trying to buy it when times were better. Recently this stock put in a run to break the $9.00 level only to fall back again to $6.85, before rallying again to close at $8.59 last month. Yesterday Denison closed at $7.44, another uranium stock struggling to find some traction.

The longer-term price remains strong although lower at $90/lb but the spot price continues to drift lower as TradeTech reports the uranium spot price trading at $59/lb and UX Consulting Company has it at $57/lb.

We hope that the importance of the spot price diminishes and the focus of attention becomes the long-term price, as this is where the lion’s share of the trade in uranium is conducted.

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

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Laramide strikes gold at Westmoreland.


Better know as a uranium explorer Laramide Resources Limited have today released drill results for 28 drill holes for gold assays for their Westmoreland property. The results are summarized as follows:

These results included drill hole WDD08-023 which intersected 4 metres at 1.30g/t Au from 38 metres and 19 metres at 1.09g/t Au from 54 metres. All 28 drill holes were drilled with either NQ or HQ core into The Garee Lens, which forms part of the Redtree Deposit at The Westmoreland project. Mineralisation within the Garee lens is flat lying and hence the true width of mineralisation is generally between 75 % and 100 % of the intersection within the drill holes.

To see the data in tabulated form please click this link.

The VP for Exploration, Peter Mullens, said the following:

“Historically, gold assays were undertaken selectively and assumed that gold was associated with high grade uranium and also in steep structures near the dyke. Hence, gold assaying has not been systematic. The tabled results are not all associated with high grade uranium, in fact in most cases the U3O8 is less than 0.1% and frequently less than 0.02%”.

We draw your attention to this snippet;

“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

Well we originally invested our funds in Laramide as a uranium play and we now have the possibility of a gold play – stranger things have happened! Drilling is on going with 3 drill rigs so we guess it now a case of watch this space.

Laramide Resources Limited has a market capitalization of $223 million, a P/E ratio of 145 with 59 million shares outstanding, Laramide closed today at $3.80. These results came out at the close of business so we will see tomorrow just what effect this news will have on the stock price.

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

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34 new nuclear plants required in the United States

Indian Point plant in Buchanan, N.Y

The United States nuclear power industry is planning to build 34 new nuclear power plants bringing the total to 134 nuclear reactors going forward. However these projects take time to bring on stream with estimates of 4 to 8 new nuclear plants operational by around 2016. There are a few fences to be cleared along the way including skyrocketing commodity costs, solutions for radioactive waste disposal, forward prices in electricity markets and environmental compliance costs, according to Steve Gelsi of MarketWatch.

Exelon Corporation, CEO John Rowe, said at a recent industry gathering.

"The electric sector's dependence on natural gas exposes our customers to unacceptable price volatility, and our companies to political and regulatory stress."

We agree, to have a spread of options regarding power generation is the common sense thing do. History shows us that depending on oil for instance in the ‘70s’ left us wide open to price increases that we could do nothing about. Talking about the ‘70s’ Patrick Moore, co-founder of Greenpeace and a nuclear power supporter had this to say:

"I think a lot of people are kind of stuck in the '70s. ... I think people haven't caught up with the fact that climate change has changed the whole climate of the environmental debate on this planet,"

The objections are coming thick and fast though as Alex Matthiessen, president of RiverKeeper and referring to Indian Point plant in Buchanan, N.Y

"It's a clear terrorist risk and it's the wrong plant at the wrong time in very much the wrong place, of all the nation's nuclear power plants, this one clearly is a unique case and deserves to be retired as quickly as possible."

Terrorist risk, nuclear waste, etc, there is still a lot of work to do to win over these people, but it is a debate we just cannot afford to lose as there is no credible alternative.

Have a good one.

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How reliable is Hydropower?

NZ hydropower 16 June 2008
On Saturday night we had the privilege of attending a rugby match between New Zealand’s All Blacks and the Brits at Eden Park in Auckland. It was a super night despite my team getting beat and a wee drop of rain just to add to our despair.

The intermittent showers were a nuisance but there is an upside apparently as New Zealand relies on rain to fill the lakes that are used to generate hydropower. The situation at the moment is that these lakes are only half full due to the fabulous summer and very moderate winter that this country has experienced recently. A campaign was launched yesterday stressing the need to conserve energy due to the lack of water flowing into these lakes. At the moment the government are reassuring the public that all is well and there is no need to worry. Well that assurance is predicated on the rain arriving and arriving in the right place in significant volumes. However should the water levels continue to drop then this countries ability to generate sufficient electricity to meet the demand will be paced in jeopardy. Looking at the immediate shot-term it is raining at the moment but the authorities inform us that it is too early to tell just how much of this rain will get to the lakes. The demand for power is in the north island and the generation takes place in the south island with a loss of around 15% in transmission from the source to the user.

Taking a peek at the long-term possibilities the requirement for lots of rain is now on the ‘must have’ list. Without the rain electricity usage would have to be rationed and the possibility of rotational blackouts casts its ugly shadow across all sectors of the community.

In the discussions that we have had with our friends and colleagues there appears to be two schools of thought surrounding power generation. The first group would like to maintain New Zealand’s green image and find a solution that excludes nuclear power. However, with the immigration drive in full throttle the new immigrants will bring with them increased power requirements so a plan to accommodate these needs is required. The other school of thought is that the north island should have its own source of power generation, which could be nuclear generated. This is not a scientific study it is just based on general conversations as we have said, but it is interesting that the idea of nuclear power is not totally taboo and could form part of the energy basket going forward. If the rains do not come and fall on the right lakes then the reliability of hydropower will lose its attraction. The question now is does New Zealand wait and take the chance of being beat by the weather or does it go for the reliability of nuclear power now?

NZ Hydropower lakes 16 June 2008

Have a good one.

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Your opportunity to store nuclear waste.

Nuclear waste 13 June 2008

For a small financial inducement the Local Authorities in Britain are to be canvassed with the view to seeking volunteers to store radioactive waste. During his monthly media conference, the British Prime Minister, Gordon Brown, said that:

“The world may need another 1,000 nuclear power stations to bolster energy security and fight climate change and Britain needs 10 nuclear reactors starting operations around 2020.”

Secretary Hilary Benn has informed MPs, that "The government, along with the Nuclear Decommissioning Authority, will be looking to sit down and discuss, with any community that feels it has an interest, both the technical aspects... and the wider social, economic and environment issues involved,"

Enter the dragon!

Mike Weir, who is the Scottish National Party's Westminster energy spokesman, had this to say:

“In the surreal world of Labour's nuclear obsession, waste dumps are now being presented as an economic opportunity”

Not In My Back Yard or nimbyism as it is sometimes referred to is alive and well so it will be interesting to see which local authorities volunteer their patch on economic grounds. Money and some jobs will no doubt appeal to some of the depressed areas of the United Kingdom but we doubt whether middle England will see this as an opportunity. Our money is on Hartlepool to lead the charge.

Have a good one.

Have a great weekend. For us it’s up to Auckland for a reunion with some work buddies and off to see the All Blacks play the Brits at rugby. Load up on the Brits to win by 2 points, is our tip for the weekend!

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United Kingdom requires 60,000 ‘nuclear’ workers!

UK Map of nuclear plants 12 June 2008

In an attempt to fill 27 job categories the United Kingdom government have relaxed immigration laws in order to attract skilled workers from anywhere with knowledge of the nuclear industry. The Home Office have added these jobs to the ‘national shortage’ list with the hope of attracting the right people with the requisite skill sets.

About time too! The clock is ticking for the United Kingdom down to 2015, which is only seven years away when the current nuclear power plants are to be decommissioned. Once the existing plants are decommissioned the United Kingdom will need to find approximately 20% of its energy requirement from elsewhere. So we can see that time is of the essence, and the Prime Minister Gordon Brown has recognised the need and is doing something about it.

BUT! There is always a but in there somewhere isn’t there? Enter the unions, just a minute there are jobs to be had here so what about us? The GMB are reported as saying it would be ‘tragic’ if the new jobs went to people brought in on the ‘cheap’ We understand the unions concerns for their members but the United Kingdom is a member of the European Union which embraces freedom of movement for the labour market and lets face it the French have the expertise that the United Kingdom requires. This new stance by the government is an extension of that facility to a worldwide invitation. If we consider that Britain has not built a nuclear power plant since Sizewell B, which opened in 1994, then the need to import labour is obvious.

Gary Smith, national officer for the GMB union, said:

"There's a huge opportunity to educate and regenerate. What we will fight is any attempt to bring labour into the UK and to bring it in on the cheap."

"It's going to be several years before they start pouring concrete into nuclear power stations”

In our humble opinion the United Kingdom does not have several years before starting to pour concrete it should be pouring concrete today.

A Nuclear Skills Academy has been set up to train and supply thousands of staff for the nuclear industry, which is another good start in terms of trying to find a solution to the problem of skills shortages. Lets hope that the unions and the government can negotiate there way through this sensitive issue with the speed that the situation demands.

Have a good one.

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RPT Uranium: Up 18.42% today!

RPT Uranium Chart 10 June 2008

Having found support at the $0.15 level this minnow has now managed to gain about 50% in the last month, yet another example of buyers creeping back into the uranium sector and snapping up a few bargains. The volume was a healthy 841,000 shares traded and the stock price now stands at $0.22. This is a small company with a market capitalisation of $26.23 million.

Taking a quick look at the chart we can see that RPT found support at $0.15 and has managed to consolidate at this level over the past few months. The last few weeks has seen it gather some strength and put in a small rally. The technical indicators are on the ceiling at the moment so some sideways action and consolidation at this level may be the order of the day.

However it is good to see another uranium stock heading north after the battering this market sector has taken. As we see it investors are returning as evidenced by the occasional jump in the price of a particular uranium stock on any given day. This activity was erratic to say the least, but we can see signs that the frequency of these ‘jumps’ is on the increase and generally across the board things are improving. Its true that one swallow does not make a summer but we have spotted a number of swallows lately, so better times could follow soon.

We have not sold any of our uranium stocks during this period as we adopted a strategy of grin and bear it. With every little price increase we feel a little better and just maybe the days of being able to grin again are about to return!

Have a good one.

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A Mini Nuke!

Hyperion Logo 06 June 2008


When trying to envisage the future have you ever dreamed that one day you might have your own independent nuclear power plant supplying all your energy needs?

As we can see from the picture above this piece of kit is not much bigger than a hot tub and it can be transported on a truck. A visit to their web site tells us that Hyperion Power Generation Incorporated (HPG) are the owners of this small, non-weapons grade nuclear power reactor. Invented by Dr. Otis “Pete” Peterson, in New Mexico, at the Los Alamos National Laboratory which was established in1943. HPG was awarded the exclusive license to utilize the intellectual property and develop a product that will benefit the U.S. economy and global society as a whole.

Before we get too excited they go to say that:

“The next multi-million dollar phase of work on the development of Hyperion, underwritten by private investors”

Altira Group LLC has provided the investment funds required by HPG out of the recently closed Altira Technology Fund V -- a $176 Million fund focused on venture capital for energy technologies.

So it looks as though we do not have an investment opportunity at the moment however they may go public somewhere down the line.

This concept was originally conceived as a clean, affordable solution to power mining and industrial operations such as the retorting of oil sands and shale. Other applications and requests for modules now come in daily from around the globe. This takes us back to our original question in wondering just how long it will be before we can all be reasonably independent in terms of our energy needs. As we were rather curious about this idea we put a few questions to Hyperion and received the following answers as listed below from Deborah Deal Blackwell, APR Vice President, Licensing & Public Affairs

Q1 How long will it be before it is available on a commercial basis?
A1 shooting for 2013

Q2 What power generating capacity does it have?
A2 225 MW electric – 70 MW thermal

Q3 How much uranium will it use?
A3 Not much. The whole thing is no bigger than a hot tub

Q4 How many of these plants do you expect to build worldwide etc?
A4 4,000 of the first design

Q5 How much do they cost?
A5 Based on material prices today, we are looking at an initial price of $25 million per module.

Q6 Please have a guess at how much uranium 4000 would use?
A6 Fuel will be a metal compound and we are still working out how much of it will be uranium – sorry, just can’t give you a better answer right now.

Q7 Can you see the day when each industrial facility would have their own unit?
A7 Yes, but at the rate the U.S. is going, it will be 20 years if not more. Ignorance, politics, red tape and just plain laziness is getting in the way of the U.S. making the advancements our country needs in the energy area. This country is moving too slow on reacting to climate change. Those of us in the nuclear industry who understand the key role that nuclear can play in battling climate change, need to form a cohesive bipartisan intense effort to educate the public and our elected officials. It’s all hands on deck!
I bet the French incorporate SMRs (small modular reactors) into their industrial infrastructure – and hopefully they will be our SMRs! – before the U.S. does. France apparently did a good job of pulling its people together to make energy independence through nuclear a national imperative. We need to do the same.

Q8 What about a mini version suitable for the residential market - I know we are pushing it here, but if you don't have dreams they cant come true.
A8 Again, at least 25 years away in the U.S. because politics, and fear generated by ignorance in the general population is getting in the way.

Hyperion Power Generation have assembled a team of scientists and other capable professionals who intend to develop this product for all of the good uses that we can possibly imagine.

We certainly wish them every success in their endeavours and we will watch for future developments and possible investment opportunities regarding Hyperion.

Any comments? Please feel free to add them to this article.

Have a good one.

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Hyperion Plant 06 June 2006


Is Cold Fusion the Future?

Yoshiaki Arata 03 June 2008

Yoshiaki Arata.

One of our readers has alerted to us this article regarding cold fusion by Steven Krivit of the New Energy Times. It refers to a recent demonstration by researchers in Japan on the 22nd May 2008 who apparently managed to produce excess heat and helium-4, the results of an historic low-energy nuclear reaction experiment.

The brains behind this demonstration is Yoshiaki Arata, a top physicist in Japan who has been awarded the Order of Cultural Merit which is Japan's highest award. He is also the first person to have performed a thermonuclear fusion experiment showing large amounts of d-d reactions in Japan. Professor Yue Chang Zhang assisted Yoshiaki Arata demonstrated very successfully the generation of continuous excess energy (heat) from ZrO2-nano-Pd sample powders under D2 gas charging and generation of helium-4.

As we are not physicists we are now way out of our depth but we are curious and bring this demonstration to your attention. Maybe some of our readers can throw some light on just how this will be used and what this means in terms of benefits to humankind.

To read the article in full, please click this link to the Energy Times web site. Also, you might find this link to the physics world interesting.

Have a good one.

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