Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: Jacob Snyder who wrote (147674)	3/18/2011 1:31:34 PM
From: ChanceIs	Read Replies (1) \| Respond to of 206089

One might say that CCJ has hit a classical support there. I heard on the car radio 20 minutes ago - from the liberal general anti nuke NPR - that China was just blowing smoke about reevaluating nukes and was likely to proceed apace. I can't say for sure that CCJ is a good investment right here. I will say with absolute certainty that a good investment this weekend is three uninterrupted hours in study of the uranium fuel market and all things associated with it. Realistically that should take 80 hours.

To: Jacob Snyder who wrote (147674)	3/18/2011 1:42:45 PM
From: Sultan	Read Replies (1) \| Respond to of 206089

Certainly the biggest and well known.. That is where the serious money goes to when looking at Uranium.. There are others, smaller players as well such as DNN.. Here is an extract of an interview on Uranium that was posted by some one on SI .. Don't remember where I saw that.. Might even be this thread.. Rick Rule's Interview on Uranium Moving on to uranium Rule stated, “It’s too early to say what’s going to happen in Japan with regards to a compound series of tragedies...As a consequence of people’s memories of Hiroshima, Nagasaki, Chernobyl, Three Mile Island, the emotion surrounding the incident obscures many of the facts surround the incident.” When asked how the uranium sector going forward will be impacted by the Japanese tragedy Rule commented, “Well in my thesis on a worldwide demand basis, I don’t think it’s going to be particularly important. Let’s look at a market that uses a fair bit of uranium that is likely to be socially and politically impacted, the United States. 19% or 20% of US electrical supply is from uranium. If we decided to shut down our existing nuclear plants the lights would go out Eric. That’s what would happen, the lights would go out, not going to happen. It is likely that as a consequence of what we saw in Japan, that new build nuclear power plants in the United States will be extensively delayed as a political consequence of what happened in Japan. But in terms of impacting systemic demand, demand from existing plants, I see absolutely no impact whatsoever. When asked about the Chinese putting plants on hold while a study is conducted Rule remarked, “My suspicion is that what is happening in China is a political statement. There is panic in the far east about the possibility of a nuclear plume which could spread from Japan and impact China. My suspicion is that the Chinese spend 90 or 120 days quote studying the situation. And as a consequence of their quote study, when the panic dies down, the Chinese announce something like the following: Japanese nuclear power plants are 35 or 40 years old, the Chinese plants are new build, using much better, much safer technology. Second, the Japanese plants are built on tectonic plates prone to earthquakes and tsunamis. The Chinese plants are built on Precambrian continental rock that isn’t faulted and isn’t subjected to either tidal waves or earthquakes. Ergo, Japanese plants were faulty, Chinese plants are safe, full speed ahead. When asked about uranium equities Rule stated, “What’s interesting about uranium and nuclear power is that the reaction to it is so emotional....But I suspect that people who have a speculative bent, particularly like yourself and myself, who have an orientation towards contrarian speculation will come to regard this possibly as one of the best speculative opportunities of the decade.”

To: Jacob Snyder who wrote (147674)	3/18/2011 4:16:16 PM
From: JimisJim	1 Recommendation Read Replies (2) \| Respond to of 206089

<Q: Is CCJ the best nuclear disaster stock to buy?> For a pure nuke power gen. play (or as pure as they get on US exchanges), I'd go with EXC. They took a hit, naturally, but should recover nicely as both left and right agree that nuke power generation is important long term in the US. EXC is mostly nuke plant generation, with the largest fleet of nuke power plants in the US. Even pays a nice divvy if you want to hold longer term. The U miners are quite volatile. Interesting spec play, but I wouldn't jump in too hard too fast just yet... perhaps options to some degree would be better short term. Of the miners, CCJ is the closest thing to a blue chip, but I don't like them because of the way they handled their flooding crisis at Cigar Lake... but that's just me. Maybe DNN... they already have permits and mills/infrastructure in US with more headroom LT... haven't looked at it in awhile though, so... beware... Jim