(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 (read more…)

We’ll start with a quote from Jerry Grandey, Cameco’s president and CEO:

“Cameco is blessed with high quality customers whose requirements for uranium are independent of the state of the global economy. Since nuclear is among the lowest cost generators of electricity our customers will continue to operate their plants to meet base load electricity requirements (read more…)

Another murderous day for the markets with the DOW losing 508 points and the uranium sector taking another pounding. Anything with a ‘U’ in the title was dumped faster than hot cakes. The equities market in general needs to find a bottom before we can expect to see the uranium sector form a base. So long as the flight to cash continues then there isn’t a ‘safe’ stock out there, in our humble opinion (read more…)

This chart is courtesy of [1] www.U308.biz.

The chart above shows the uranium spot price at $58/lb according to UXC and at $60/lb according to TradeTech with the long-term price of uranium trading at $80/lb.

It’s been a torrid time for holders of uranium stocks with many investors throwing in the towel and moving on and who can blame them when this sector has been well and truly shunned. An example of the current sentiment is reflected in the stock price of Crosshair Exploration and Mining Corporation, which is now trading at $0.265 (read more…)

According to their website Cameco still need more time to get to the bottom of the water ingress problem at Cigar Lake. An extract from the companies’ recent news release suggests that it will be the 10th November 2008 before they have finished gathering and analysing data (read more…)

Russia has recently climbed up the table of uranium producers and slipped into fourth place behind Canada, Australia and Kazakhstan having produced 3,527 tons of uranium in 2007.

We have to hand it to the Russians for taking an aggressive proactive stance in developing opportunities both within and outside of their own geographical borders (read more…)

From time to time we publish other peoples views in an attempt to add some balance to the debate regarding investment opportunities. Today’s article is about Potash as an investment sector and the companies that have caught this writer’s attention. This is the opinion of the author and not uranium stocks (read more…)

This chart is courtesy of www.U308.biz.

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 (read more…)

Cameco fell 5.4 percent, to C$40.52 yesterday on the Toronto Stock Exchange its biggest one-day drop for some time. The drop is attributed to a theoretical leak of arsenic and uranium into Lake Ontario.

The possibility of this leak is based on ‘modelling’ which indicates that there could be some trace elements finding their way into Port Hope harbour (read more…)

This chart is courtesy of www.U308.biz.

This has been a much better month for holders of uranium stocks, as signs of rising stock prices appear to be popping up here and there. Yesterday was especially good with the following stocks leaping to higher levels: RSC: 17.14%, LAM: 16.58%, MGA: 6.79%, KRI: 22.73% and URE: 22.16% (read more…)