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


To: siempre33 who wrote (4356)11/27/2006 10:36:05 AM
From: Tommaso  Read Replies (1) | Respond to of 30215
 
>>>who will get rich from U enrichment?<<,

USU is in the process of building a big centrifuge plant. I don't know how to evaluate the stock because for years the price was held up by big dividends from sales of down-blended Russian weapons-grade U. They also inherited the gaseous diffusion enrichment plants ( very inefficient with electricity) of the AEC.

There's also a rival plant to be built in New Mexico--a sort of pork barrel thing.

I could not judge the financing problems, etc, and feared the stock would lose value when they cut the dividend. But USU is square in the middle of the enriching biz if you want to research it.



To: siempre33 who wrote (4356)11/27/2006 1:22:52 PM
From: siempre33  Read Replies (1) | Respond to of 30215
 
the $64 story....

For the week ending, November 24th, the TradeTech spot uranium price indicator marched higher to $64/pound. TradeTech CEO Gene Clark and President Treva Klingbiel write in the latest issue of Nuclear Market Review, “Spot demand remains strong with twelve buyers seeking offers for almost 6 million pounds U3O8 equivalent.” They concluded, “Spot buyers, although willing to pay higher prices, are finding it increasingly difficult to find sellers willing to part with material due to expectations for further price increases in the future.”

Only one transaction, for approximately 250 thousand pounds U3O8, took place over the short Thanksgiving week. The $1/pound increase on TradeTech’s weekly spot price indicator continues to paint a picture of strong demand scrambling for a piece of tightening supplies as sellers are holding inventory for a higher price. New demand also entered the long-term uranium market this week.

Published since 1968, TradeTech’s Nuclear Market Review reports the weekly uranium spot price indicator on Fridays while consulting group UxC reports a few days later. The UxC weekly spot price indicator remains at $62.50, but is expected to confirm the TradeTech price indicator when it reports again next week.

Changes in the weekly spot uranium price indicator are reported on TradeTech’s information website: www.uranium.info
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