Australian (ASX) Stock Market Forum

Uranium Shares have topped out

Jump to new
Smurf1976 said:
Let's have a look at actual costs for construction of plants versus running them. For reference the market value of baseload electricity in Australia is in the order of $35 - $40 / MWh long term average.
Click to expand...

From:
http://www.greenpeace.org/raw/content/france/press/reports/les-co-ts-reels-du-nucleaire.pdf

Clearly the cost depends on the discount rate. Anyway, nuclear is still the cheapest.

Please the cost to clean CO2 is very high if taken into consideration. est at 0-$30/MWh.
 

Attachments

  • power cost.JPG
    power cost.JPG
    51.9 KB · Views: 332
I'm sick of seeing greenpeace... their facts are warped... High density countries cannot have wind turbines to power them... Australia can because we are lucky... We are also lucky to an abundance of coal and gas at our reach... Australia is not the world... Once the nuclear industry gets more competitive it becomes cheaper...
 
mmmmining said:
From:
http://www.greenpeace.org/raw/content/france/press/reports/les-co-ts-reels-du-nucleaire.pdf

Clearly the cost depends on the discount rate. Anyway, nuclear is still the cheapest.

Please the cost to clean CO2 is very high if taken into consideration. est at 0-$30/MWh.
Click to expand...
Agreed about the cost of CO2, but unless there is an actual charge imposed or a requirement to capture emissions then the cost is, in practice, zero as far as the plant owner is concerned.

In the context of the US market, nuclear is attractive and that's why there is increasing interest in new nuclear plants there. But in the Australian market, our coal costs are right at the bottom of the US range, our coal-fired O&M costs are very much lower than in the US and our natural gas price is less than half that in the US which doesn't help the nuclear cause.

And then there's always the waste question. I can't see the stuff still sitting around in long since disused power plants 100 years from now. Ultimately a solution has to be found and I can't see it being cheap.

That's no reason not to speculate on the stocks though. Just don't be fooled into thinking that they are long term investments when it's probable IMO that most won't actually mine a single ounce of uranium. Hasn't stopped me making some $ though.
 
Australia's forging ahead with the nuclear power R&D..

http://www.smh.com.au/news/national/switkowski-to-head-nuclear-body/2007/03/04/1172943260008.html

in the report :

...Dr Switkowski, whose report to government last year suggested a scenario in which 25 nuclear reactors could supply up to 30 per cent of Australia's electricity, would concentrate on developing Australia's nuclear science expertise in his new role with ANSTO...

------------------------------------------

we wouldn't want our Uranium shares to top out, companies to close down when the government is putting so much money into R&D..
 
I am not try to get too far away from this topics. Uranium stocks might experience a correction recently. But I don't agree it has topped out. So I try to revisit a few fundamentals, to help me and other true believer to ride out the current storm. Still the same, demand is high, supply is short, global warming is real, and fuel is not significant in cost structure for nuclear power.

A couple of "insider" info:

1. Within 5 years, China will open carbon trading business;

2. BP Asia is doing "clean coal" project, experiment carbon capture technology in China;

3. DOE in US is swapped with nuclear power station applications. DOE is not only help the applicants financially, but also provide assistance dealing with legal, political, and environmental issues.

4. SO2 is worse pollutant than CO2 in fossil fuel power station

And I don't care whether there is a nuclear power station in Australia in the future although I think it will be stupid without one.

As long as China, India, France or USA are begging Aussie for uranium, I am happy smart Aussie will jack up the price.
 
mmmmining said:
I am not try to get too far away from this topics. Uranium stocks might experience a correction recently. But I don't agree it has topped out. So I try to revisit a few fundamentals, to help me and other true believer to ride out the current storm. Still the same, demand is high, supply is short, global warming is real, and fuel is not significant in cost structure for nuclear power.

A couple of "insider" info:

1. Within 5 years, China will open carbon trading business;

2. BP Asia is doing "clean coal" project, experiment carbon capture technology in China;

3. DOE in US is swapped with nuclear power station applications. DOE is not only help the applicants financially, but also provide assistance dealing with legal, political, and environmental issues.

4. SO2 is worse pollutant than CO2 in fossil fuel power station

And I don't care whether there is a nuclear power station in Australia in the future although I think it will be stupid without one.

As long as China, India, France or USA are begging Aussie for uranium, I am happy smart Aussie will jack up the price.
Click to expand...

I agree with that statement. Australia decision about having a nuclear power plant is irrelevant in the big picture. So if they change the U mining policy that will give a further boost to the U share price. This trading correction will offer some great value for people who are invested long time. For me PDN will go back to $10 it is a question of time so if it falls back to $6 or $7 in the short term that will be great value.
 
There we goes " it's only over when it's over" and it appears to be only early days in the Uranium Stock Boom. "It's over when the Fat Lady Sings" and she is but 8 years old and it will be a long time before she becomes a fat lady.
 
noirua said:
There we goes " it's only over when it's over" and it appears to be only early days in the Uranium Stock Boom. "It's over when the Fat Lady Sings" and she is but 8 years old and it will be a long time before she becomes a fat lady.
Click to expand...

We have just had a very short sharp correction. PDN shaved a little under 25% from its all time high. The very sharp ascending channel is history and support exists at around $8.00.Technically the stock is now very disorganized and still fraught with risk. ERA has sold off by about 10% from its peak and may be looking for a base around $21-22 but looks in much better shape technically.

AGS has a very ominous distribution pattern that looks very much like a head and shoulders but may turn out to be a sideways pattern. MTN has clearly busted out of its uptrend, CMR has also gapped lower but still looks in reasonable shape.

UNX seems to be holding up very well. The U's may get off lightly and trade sideways for the forseeable future and it will become very much a stockpickers market.

The crucial factor will be how well work markets hold up. Nekkei 225 has fallen to support around 16800 and IF it bounces from here and Wall Street holds together tomorrow we might see a stabilization.
 
insider said:
High density countries cannot have wind turbines to power them...
Click to expand...
Ahahaha! Are you serious?

Ever heard of Holland or Denmark?

But why on earth would you be buying U shares at the moment? It's beyond me. They are by far the hardest hit during this correction and it's not over by a long shot. That PDN thread would be hilarious if people weren't losing serious money.
 
Something strange happened this morning about uranium hopeful in SA:
PNN open strongly at 1.49 +10c
MTN rebounce from 2.62 to 3.34 high
AGS rebounce from 1.40 to 1.595 high
CUY rebounce from 0.81 to 0.86 high

Somebody lost celebrity status?
 
mmmmining said:
Something strange happened this morning about uranium hopeful in SA:
PNN open strongly at 1.49 +10c
MTN rebounce from 2.62 to 3.34 high
AGS rebounce from 1.40 to 1.595 high
CUY rebounce from 0.81 to 0.86 high

Somebody lost celebrity status?
Click to expand...

Spot on; uranium hopefuls and the more solid producers appear way underpriced with Uranium at US$85 per pound. Even in a big bear market there are sectors that buck the trend.
 
Just thought I would bring this page back so synde can see how right he was....Its not too late to buy...

ps many u's have just hit new highs and will continue for some time...
 
lancer said:
Just thought I would bring this page back so synde can see how right he was....Its not too late to buy...

ps many u's have just hit new highs and will continue for some time...
Click to expand...

It's not too late to sell either. What makes you think they "will continue for some time"?
 
Uranium spot price fuelled by a 2:1 demand supply ratio now and for the next year

ie for every pound of Uranium on supply there is 2 pounds of demand

Also the fact that Cigar Lake is alot more complicated than people realise, for starters, at a grade of + 20% U its not safe for humans to work in and thus requires robots!
 
I don’t understand how can people be negative about U stock specially producer. Yes some of them are overpriced but demand outpace offer by a mile and even though Australia do not change their mining policy all the major super power are moving toward nuclear power so in a way a stand off on Oz mining policy should only push the U spot price higher.
 
Fab I agree with what you say, but I doubt Doc J was being negative about U, looks like he was just seeking some reasons for the statement and was trying to provide balance to the Uranium argument, and balance is always good :)
 
Political parties are again talking about uranium and the spot price has yet again increased, sorry folks but the uranium hype is set to continue.

Share prices of uranium stocks are still rising, and some very rapidly.

Don't listen to the downramper just yet, there is no signs of a bubble, or it bursting in the very near future!
 
Uranium company floats do best

RESOURCES companies have won the top five places in a list of best performing new floats for this quarter, with uranium companies well represented, a report shows.

The top performing entrants to the stock market were Yellow Rock Resources Ltd, Wolf Minerals Ltd, Prime Minerals Ltd, Sovereign Metals Ltd and Bowen Energy Ltd, the Deloitte Touche Tohmatsu's initial public offerings (IPO) update report for the March quarter found.

All the companies are explorers, with interests respectively in uranium and vanadium, tin and tungsten, uranium and gold, copper and gold and coal and uranium.

"Interest from investors in uranium was a key factor, with three of the top five companies involved in uranium exploration," report author Deloitte corporate finance partner Steve Woosnam said.

"Resources companies accounted for the top 13 places in a ranking of all IPOs in the March 2007 quarter by performance.

"The best industrial float was (pharmaceutical firm) Cyclopharm, which gained 17 per cent since listing."

As at March 21, Yellow Rock's share price had grown 320 per cent since listing, Wolf Minerals added 424 per cent, Prime Minerals climbed 200 per cent, Sovereign Metals improved 122 per cent and Bowen Energy expanded 88 per cent.

Another uranium play, NuPower Resources Ltd, has gained 350 per cent since listing on March 16, but was not included as it was a spin-off from Arafura Resources NL and did not offer shares publicly.

In addition to investments in uranium through explorers, the price of yellowcake itself has also been on the rise, edging closer to the $US100 per pound mark.
 
Top