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

To: jimsioi who wrote (10438)	4/16/2007 8:34:27 PM
From: Yamakita	Read Replies (1) \| Respond to of 30229

Picking Junior Uranium Companies Monday, April 16, 2007 By Darin Diehl Experts muse on best way to tap into uranium market at this time LAS VEGAS - Less than a decade ago investors interested in uranium plays had fewer than 10 companies to peruse. Today that number has grown to well beyond 400. At last week's Casey Research Uranium Stock Summit in Las Vegas, a panel of experts offered investor delegates some thoughts on what to look for in a junior uranium company. Below are some selected quotes from that discussion: Dave Forest - Geologist, Researcher, Contributing Editor to the Casey Energy Speculator "I'm not a big fan of relative valuations. It's a trick a lot of brokers use to sell. I prefer to look at companies that have a real chance at getting something. The real prize is some company that can make a discovery and generate wealth. You want to find a management team that will go out there and find something that works." "The number one thing I look at is the business plan. To simply raise a bunch of money, drill some holes and hope you find something - that is not a good business plan." "Always be looking to lock in some of your gains. Keep an eye on what's happening in the wider markets." "Don't rely on the rising tide to lift all boats. It's been a great party. The uranium price rise has been phenomenal. But now it's time to make sure you're in stocks that aren't relying on the rising tides." Kevin Bambrough - Research Analyst, Sprott Asset Management "As for relative value, I think there is a case for that. A stock can be cheap and it can also be viewed as the cheapest in its group." "I think the uranium price will probably top out in the next 12 to 18 months. The days of the easy money are over. But still those firms that can deliver the goods will be the ones that can deliver the real money." Jim Mustard - Senior Mining Analyst, Haywood Securities "Junior companies need to have a good "road map." Are they committed to their plan? Does management have the ability to deliver assets into the company?" "It's really all about people. Good people do good things. Pay attention to management. Do they have a technical understanding of where they are and where they want to get to? I will not sanction an investment if I don't see a thoughtful roadmap of where they are taking their company." "At some point, you need to cut back on your holdings and select the few you think are the best quality." Darin Diehl Publisher, Executive Editor StockHouse

To: jimsioi who wrote (10438)	4/16/2007 8:37:44 PM
From: greatplains_guy	Read Replies (1) \| Respond to of 30229

Investors now have uranium ETF-equivalent, says AngloGold’s Godsell Investors had, for the first time, been given direct exposure to uranium in the form of U3O8, AngloGold Ashanti CEO Bobby Godsell said on Thursday, in highlighting his company’s creation of what he described as “uranium’s first electronically-traded-fund (ETF) equivalent”. Godsell said that there was no other mining company that had AngloGold Ashanti’s uranium expertise and uranium instruments, which had been highlighted through the listing of Nufcor Uranium on the alternative investment market (AIM) of the London Stock Exchange. “It’s a uranium ETF, that’s what it is,” Godsell enthused in describing the newly-created investment company that began trading this month. AngloGold Ashanti marketing executive Thero Setiloane had earlier revealed that Nufcor Uranium was 10% held by Nufcor International, with the rest of the shares held in free float by institutional investors. Setiloane pointed out that AngloGold Ashanti had owned half of Nufcor International since 1999, in a 50:50 joint venture with First Rand International. He revealed that AngloGold Ashanti would be continuing to work on additional ways of optimising uranium production in order “to capitalise and leverage our well-established expertise in this very-attractive market”. AngloGold Ashanti, Setiloane said, expected to increase its uranium production from 69 t a month to 75 t month. He said that Nufcor International had been established to market and trade nuclear-fuels products in various stages of the nuclear-fuels cycle, including AngloGold’s own uranium production. Nufcor International was today a well-established participant in the global uranium-products market. Nufcor Uranium had sold some 33-million shares at £2,05 each. Its strategy was to buy and hold uranium in the form of U3O8 for the long term and not to trade it. U3O8 was used as feedstock in the early stages of the production of nuclear fuel in nuclear power stations. Nufcor International had been contracted to provide custodial advisory services to Nufcor Uranium. In terms of its impact on AngloGold Ashanti, Godsell pointed out that total by-products were of the order of 240 000 oz of gold-equivalent, which was a “real number”. The listing was an indication of where AngloGold was heading in the field of uranium and was a signal that the company would expand its production where it could. “We will have to see where the market takes us in the marketing of uranium and the establishment of enrichment facilities,” he said. Uranium prices had gained more than sixfold in less than six years as annual power plant consumption exceeds mine production by two-thirds. Uranium was trading at $46 a pound after averaging $27,94 a pound last year and $18,06 in 2004, trading as low as $6,95 in November 2000. Power plants currently consumed 175-million pounds of the metal annually with mine output at about 105-million pounds. paguntaka.org