1. buy U-239 and take it to Bern
2. sell U-239 in bern and in return get two neutrinos
3. sell the neutrinos elsewhere along the AXIS..
4. get tons of money..
5. get spotted by CIA or somethhing...
6.spend some time in US...
well the best solution to Uranium investment is as follows
it's also been loss-making* for the most recent quarters and also for 2009. there's also the wholly owned uranium participation company which hopefully allows direct exposure to uranium prices.
now i know uranium has been at a recent low, but if youlook pre-2005 when the big spike in prices began, uranium was below $20 and more often than not around the $10 mark.
now of course, we're both bullish on the future of uranium, and so perhaps this presents a buying opportunity - but as a comparison i know a couple of the major oil companies used $20 per barrel as an economic feasibility measure having been burned by the oil crash.
*you quote 1H profits, but this is somewhat misleading as without FX and a exceptional income from a customer paying to cancel a contract, they would have made a loss of 5m each quarter this year.
although i'm bullish on a nuclear future, i'm a bit cautious as i believe that the world economy will slow down with a knock on effect on energy demand.
however, i guess i will take a punt on this...
EDIT: per the 2009 accounts it seems that denison sells 60% of production under long term contracts, so there is some 'hedging' of the uranium price.
The contract cancellation brought in 11m , but only 6m is accounted for in the 1H result. Ok so they benefitted from currency exchange movements , but the swing from a net loss of 18m to a net profit of 16m (albeit through selling far more uranium) for the same period in consecutive years is exactly the kind of flexibility I look for in a miner.
I met a director of a company that was moving back to Australia because they were going to increase production of Uranium.
As someone has mentioned; the future for power appears to be Nuclear Power again; so one would suppose that it will take about five years to build these power stations. The demand for energy in the West will probably decline due to recession and more efficient systems. However, Asia (China and India) will be requiring more and more energy (especially oil for fuel) so the price of oil will go up which would make Nuclear Power stations even more viable.
Russia will probably become the large oil producer (problems in Middle East and extracting oil from sea becomes expensive with more regulations). Perhaps oil would be a good speculation in the shorter term?
the full 11m is in the 1H result (see note 19). if you take out the 11m from the 1H results you have a 4m loss compared to a similarly adjusted 11m loss in 1H2009. the 18m/16m figures on the webpage is just some reporter regurgitating a press release without even taking a cursory look at the quarterly release.
however, as you say, revenues increased by 40% in the period and they still didn't turn a profit! they are making a 20% operating loss as a percentage compared to 60% in 1H2009. a bit of a worrying sign. no indication of what the lost contract will mean in terms of future revenue/profitability. more worrying is that the revenues in canada doubled, but the loss they made was bigger! what's going on?
i think so. i think there will be an economic slowdown leading to a lower oil price, but weighing against this would be new consumers coming through in india and china. hard to say how the balance will tip (maybe a dip in oil price followed by upward rises) but i bought into BP to get some exposure as the price was great.
may look towards exxon (hopefully US political links might help with deals in iraq/iran...) and maybe some of the chinese oil companies.
Theoretically, oil should be about US$60 if you look at price over the years and feed inflation in.
However, the demand has gone up because of China and India.
You are correct that there will be a slow down and this will include China and India that need to export their goods to be more propserous.
China now buys more new cars than the USA. Theoretically they will need more and more oil so there will indeed be a demand. There are also major problems in the Middle East and Afganistan that could well get worse.
I understand that the Russian government base their government budget income from tax based on oil being US$80 a barrel.
Russia must love the problems in Afganistan, Iraq and Iran and the Gulf as it helps keep the price of oil up.
In fact perhaps Russia shares (if you could trust the place) would be the country to invest in shares in as the place has so much potential, unfortunately the people are so corruot and short sighted that it will probably get nowhere like Africa.
All the world problems/conflicts at the moment (more dangerous than the Cold War in my opinion) makes me still think that Gold in a safe deposit box in Switzerland might be the safest solution. I keep waiting for it to go down, then wait too long and it goes up.
Back to Uraniun. Surely the Russians must have a load or did they sell it all to Iran yet as it is quite obvious the Russiand have been supplying them.
So since the thread started (8th August)
Uranium One : Up from 3.14 to 3.26 - up 3.8%
Cameco : Up from 26.50 to 27.47 - up 3.6%
Denison : Up from 1.52 to 1.64 - up 7.9%
I'm very happy to admit that Denison is by far the most volatile of the stocks mentioned and had a good day on Friday BUT there is also this to consider:
Not very earth shattering....
And then look at the price move of Gold in that period.
Lets complicate things and why not invest in "Rare Earth" as it appears that China dominates this and Japan is dependent on supplies from China and they are not getting on too well at the moment.
I fully agree, gopld has moved well, look at Centamin, look at Medusa mining, look at some of the oilies.......
As for rare earths, China does dominate supplies and it's not only Japan whp is suffering but the whole world. The US is looking at opening old mines closed years back because they were uneconomical, the problem is it takes 3-5 years before they will even produce anything and the US needs rare earths now !
I'm think of bringing a case of uranium into Switzerland (not so much. Just enough to fill my hand luggage). Will I have to declare it?
Uranium has been worst performing of my picks so far. For month in September compared to my others:
Silver +12.8%
Gold +4.4%
BP +15%
Transocean +18%
for now, i'm tempted to keep my powder dry and buy into oil during the next economic dip which i expect in the year or so.
exception maybe silver/gold to be held purely as insurance policy against potential currency problems.
Funny that this thread is so old it was pre-Fukushima which obviously sent the Uranium market into a multi-year tailspin. Not sure if I still held exposure to Uranium at the time, but I'm guessing not (or at least so small that I don't remember).
But I started accumulating bigger positions in Uranium starting in 2018/2019 and esp. after Covid dip. in 2020.
It became easier as specialist funds popped up to get direct exposure (financially ) to Uranium including: Yellow Cake Plc and Sprott Physical Uranium Trust. I ended up with Cameco, YCA, Sprott and Kazatomprom. Though today, I sold all and consolidated just into Kazatomprom.
After a long wait, it seems that Uranium is finally starting to make a move. Countries re-started some power plants after the Fukushima incident, China continues to build out new power stations and the Russian invasion of Ukraine seems to have made some governments re-think the potential for nuclear in the energy mix. So a lot of positives factors.
Question is whether after many false starts this is finally 'it' and Uranium is poised to break-out? I'm happy to collect my dividends on KAP as I wait and see.
Anyone else invested?
Uranium stocks up again today.
After the big run up in Kazatomprom, I got nervous and diversified again back into Sprott and Cameco.
Maybe Uraniumās time has finally come? Iām still sceptical as to whether the Western world will really adopt nuclear power again after the intial shock of Russian energy depedence fades from memory, but rest of the world demand should still be strong esp. relative to supply after the post-fukushima mine closures.
Well, what a wild ride uranium has been: we had the boom and bust just before the GFC, Fukashima, Ukraine invasion and now maybe a greater acceptance of nuclear energy to both diversify away from Russia and feed the energy-hungry datacentres that are to power the AI revolution.
I now have a fair weighting to Uranium through various ETFs, miners and also funds holding Uranium - since I figured it might be a better alternative to gold if the economy/dollar really goes to pot.
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Orā¦ Insult Putin enough And get a shipment with free delivery.
It must be a wild ride.
Iām sure you should have seen by now the US ban on Russian Uranium imports, It became a law on 13.05.2024: https://www.state.gov/prohibiting-imports-of-uranium-products-from-the-russian-federation/
But, there might be another round of sanctions in the pipeline. I have no idea about the impact on uranium prices. Only sure thing is that this is not a free market https://www.congress.gov/bill/118th-congress/house-bill/8046
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It would take years for any new reactors to be built in the West.
And when they are finished, it doesnāt mean theyād go onlineā¦
Uranium has lots energy inside. Anyway, reactors have to be refueled every 18-24 months.
There a few used reactors in Germany. Loooow, low Milage And one careful owner.