I checked out a few Australian Uranium mining stocks after the talk yesterday. There's really been some extraordinary price moves in the last couple of weeks. Check out the stock charts.
I looked at these companies:
BTV Batavia Mining
HNR Hindmarsh Resources
ARU Arafura
DYL Deep Yellow
Here's an extract from a pay-for link to the Australian Financial Review:
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Uranium stocks enjoy mushroom effect
For the second consecutive day, uranium minnow Deep Yellow was the most traded stock on the Australian Stock Exchange as speculative interest in uranium stocks continued to rage. In the past two days, 90 million shares in the company have changed hands the equivalent of almost a quarter of its issued capital. Deep Yellow was the subject of a query from the ASX earlier this week after the company's share price spiked more than 2 ?, or 30 per cent, in a single day.
The Financial Review 07/07/2005 Cost - $3.30 497 words
Uranium Stocks - big price moves in last couple of weeks.
Moderator: Peak Moderation
Interesting, thanks Ron. I have an interest in one of the few UK companies exposed to the sector (Vane Minerals, VML). Its share price too leapt 27% this week (on Friday actually), it was thought perhaps on the back of news coming. What is interesting is that the price of Uranium reached a new high of $29 a lb a while back and then stuck there for weeks - I notice its now started to tick up again - $29.50.
My own personal take on investing in the peak oil future is to expose youreslf to energy stocks (but be prepared to dump tham once the first oil induced recession hits), and also gold/uranium plays. the latter remain my favorites
My own personal take on investing in the peak oil future is to expose youreslf to energy stocks (but be prepared to dump tham once the first oil induced recession hits), and also gold/uranium plays. the latter remain my favorites
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peaky
Primary uranium is actually in short supply as many of thw world's mines closed following a price collapse in the mid-90s.
The world uses about 64,000 tonnes of uranium a year, but about 31,000 of this comes from ex-military stockpiles (which is what's depressing the price). However the military stockpiles are likely to be used by around 2010-2012, and then, because of the lack of capacity, there might actually be a shortage of uranium.
If you'd like the detail see the article I wrote for the Oxford Institute for Energy Studies:
http://www.fraw.org.uk/mobbsey/papers/oies_article.html
P
The world uses about 64,000 tonnes of uranium a year, but about 31,000 of this comes from ex-military stockpiles (which is what's depressing the price). However the military stockpiles are likely to be used by around 2010-2012, and then, because of the lack of capacity, there might actually be a shortage of uranium.
If you'd like the detail see the article I wrote for the Oxford Institute for Energy Studies:
http://www.fraw.org.uk/mobbsey/papers/oies_article.html
P