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Gold/Mining/Energy : Uranium Stocks -- Ignore unavailable to you. Want to Upgrade?


To: Tommaso who wrote (4087)11/17/2006 10:15:30 AM
From: Goldberry  Read Replies (2) | Respond to of 30219
 
Thanks will look into that book.

3.5%!! What is your largest % position in.

Do you or anyone have any thoughts on the quality of their gold holdings?



To: Tommaso who wrote (4087)11/17/2006 10:50:44 AM
From: smh  Read Replies (1) | Respond to of 30219
 
Uranium One Announces Inaugural Sales Contract for Dominion
Friday November 17, 9:00 am ET

Trading Symbol: SXR - Toronto Stock Exchange, JSE Limited (Johannesburg stock exchange)
TORONTO, ON and JOHANNESBURG, South Africa, Nov. 17 /CNW/ - sxr Uranium One Inc. ("Uranium One") is pleased to announce that it has agreed terms with a western world utility customer for the inaugural sales contract from its Dominion Uranium Project in South Africa. The Dominion Uranium Project is scheduled to commence production in the first quarter of 2007.

The agreed terms provide for the sale of 1,500,000 pounds of U(3)O(8) from Dominion between 2008 and 2012 inclusive. There will be no caps on the pricing which will be market-related at the time of delivery, with escalating floor price protection. The agreement on terms, which is subject to the completion of definitive contractual documentation, was facilitated by Nufcor International Limited.

Commenting on today's announcement, Neal Froneman, President and CEO of Uranium One, said:

"I am pleased that we have reached agreement on the key terms for the supply of our first uranium from Dominion. This agreement is an important milestone in the development of the Company. It reflects industry confidence in our imminent entry into the ranks of the uranium producers. It also validates our financing strategy for the development of Dominion resulting in the company being totally un-hedged and with all the benefits of an ongoing exposure to a uranium price environment which continues to be favourable."