Jump to content


  • Posts

  • Joined

  • Last visited

Park-Hall's Achievements


Newbie (1/14)



  1. U3O8 sitting at $49.99 http://www.bloomberg.com/apps/quote?ticker=MFURMDUR:IND#
  2. Park-Hall


    ditto that NS
  3. In reply to: the saint on Tuesday 07/10/08 04:15pm it will have to be a very healthy dividend if our share holding is divided by 20 http://www.sharescene.com/html/emoticons/unsure.gif , I feel management should be able to improve the share price without a consolidation of our shares, it is still very early days for this company thus far. http://www.sharescene.com/html/emoticons/wink.gif
  4. Hi all, any thoughts on the 20:1 consolidation of shares http://www.sharescene.com/html/emoticons/icon14.gif
  5. FOREIGN OWNERSHIP Australian nickel miners need to quell the foreign invaders The head of one of Australia’s new wave nickel producers warned today that the country’s industry needs to ensure its nickel mines don’t get absorbed like most of the major gold mines by foreign owners. Author: Ross Louthean Posted: Wednesday , 24 Oct 2007 PERTH - Julian Hanna, who runs Yilgarn goldfield nickel miner Western Areas NL, believes investors and the industry need to appreciate the performance of modern Australian nickel miners. "Australia is emerging as an increasingly larger supplier of concentrate internationally to meet world consumption of around 1.4 million tonnes per annum," Hanna told the Australian Nickel Conference in Perth today. "Our industry here, in a word, is stunning as Australian nickel mines on average produce around 8,000 - 15,000 tonnes of nickel concentrate per annum - compared to only about 5,000 tpa by Canadian mines, for example. "Our mined ores are being replaced and new discoveries are ongoing so the global investment and nickel community has increasing reason to look at a slice of the Australian action. "This poses some real challenges to the Australian nickel sulphide industry in terms of retaining ownership and control of its nickel mines." (Several of the modern nickel miners got their start by taking over the Kambalda region mines of WMC Resources before it was taken over by BHP Billiton and most are producing stellar financial performances. Western Areas took over ground mined in the Forrestania belt by Outokumpu Oy and found new deposits, while Jubilee Mines in the north eastern goldfields developed its own discoveries, some of which produced "bonanza" grade nickel ore). Hanna said some ownership pressure would come from trends overseas to consolidate the nickel smelting and refining industry, as well as controlling long term the rising cost of mining and the availability of skilled labour and drill rigs. "Underground jumbo operators are taking home $1,000 for a 12 hour shift and if they get upset, they just go to the next mine - it is all about money at the moment and that is putting a lot of pressure on wages and ultimately operating costs," Hanna said. World nickel demand remained strong, primarily for nickel sulphides, the expected shortfall in nickel sulphides was getting closer and the sector would increasingly rely on all current proposed nickel laterite mineralised projects to come onstream. This was not, he said, simply a China-driven factor as much of Asia was rapidly lifting its living standards, creating wider opportunities for use of stainless steel, as well as nickel's other uses in products such as batteries and metal alloys. He warned that nickel remained price sensitive and while there was general acceptance of price support levels of around $US10/pound any collapse in that to around $US6/lb would see many marginal nickel mining operations fall off the scale. http://www.sharescene.com/html/emoticons/wink.gif
  6. In reply to: acd on Thursday 23/08/07 06:09pm Thursday, Sept 13 Daily Nickel/Stainless Roundup Today's official LME nickel closing prices - cash - $12.25/lb 3 month buyer - $12.36/lb (96.5% higher than 1/1/06) Baltic Dry Index - minus 81 to 8,340. LME nickel inventories - plus 774 tonnes into Rotterdam, Netherlands warehouse, minus 114 tonnes shipped from Rotterdam (comment) Nickel went green on the board this morning and never looked back. While we are sure there are some trading reasons why the rock, that was worth a certain value yesterday, was worth so much more in traders eyes today, the fundamentals did not change. And they really haven't changed for awhile now. Nickel inventories are growing in LME warehouses, quite simply, because demand, primarily stainless, has fallen off. And although we are in the downstream stainless industry, we aren't really sure what the stainless steel producers are waiting on. Unless it's that uncomfortable period after the market has re-established a floor and everyone is waiting for the other guy to blink first. Yes, as we stated yesterday, we believe a floor has been established. Has the market turned from volatile to consistent? No. But we really see no reason for nickel to fall any further. What are the variables as they stand today? On the demand side, stainless steel metal centers are still buying only what they need, and not re-stocking. After being burnt so bad over the last few months, it's a financial wound that may be hindering their return to the buy side. Stainless steel producers are faced with a downturn in demand, and also watching a market price for nickel jump back and forth by thousands of dollars daily. This makes it very difficult for them to buy, not knowing what the next day will bring. On the supply side, things are running smoothly. Nickel miners are all mining full stream, with no disruptions to hinder their production. No new major sources are set to come online until sometime next year. Even the new fly in the punchbowl, pig nickel is having its problems, and while proving to be an effective equalizer, it is not the salvation from high nickel prices the Chinese stainless steel industry was hoping for. We are reading media reports from China where they are now complaining they have tons of low grade laterite ore sitting on their docks, that was purchased under contract, or at market value, at prices excessive to what it is worth at today's market prices (here). Eliminating some of the smaller producers that were processing it, and add excessive and over-priced inventory, and the so-called pig nickel has its own set of problems right now. So what is going to have to happen for the market to break loose? First, the talk of recessionary concerns brought on by the mortgage scandal is going to have to work itself out. While stockholders may be confident that a bullet has been dodged, the constant recession talk and foreclosures has many spooked. Until distributors and producers feel that threat has lessened, demand-in-force could remain on the sidelines. And, in our opinion, when the market starts deciding that what happens in the U.S. isn't nearly as important as it used to be, and China, India, Brazil, Russia, Dubai, etc are where real growth is happening, then things might change. Second - we feel the traders on the LME need to calm down and let the market stabilize. Buying nickel on the part of a producer, who needs to purchase 30,000 tonnes at a time, shouldn't be a garage sale process. Yes, when the market was exploding, and when it went into the toilet, this is a poison pill that every nickel buyer must swallow. But by leap frogging prices one week, only to bail out the next, for no real explainable reason, the LME traders are playing tug a war with themselves, and putting the system in a situation where it is becoming its own worst enemy http://www.sharescene.com/html/emoticons/wink.gif
  7. Spot Uranium Falls To US$135/lb Monday, 2 July, 2007 by Rudi Filapek-Vandyck FN Arena What only a few weeks ago seemed but a distant possibility is now official: the uranium spot price has pulled back. TradeTech, one of two industry consultants that determine a benchmark price setting on a weekly basis, has decided to cut US$3 off its previous US$138/lb benchmark figure to send ripples through the industry with a first price fall in 47 months. The cause behind this development is as clear as sunshine: professional speculators have grown more cautious about entering the market for U3O8 (uranium concentrate or yellowcake) and pushing up prices indefinitely. For a more in-depth explanation, we happily refer to our weekly analysis from June 26 (“Can The U3O8 Spot Price Fall?â€ÂÂÂÂÂÂ). FNArena has received several bearish market comments over the past few weeks, mostly sent to us by our readers, with some commentators predicting spot uranium has peaked and is on its way down. We believe these predictions are likely to be proven wrong as demand for uranium continues to grow and supply is not readily available to satisfy all buyers at this point in time. It remains very unlikely this situation will change in the short term. Analysts at Deutsche Bank seem to share this view as they increased their average price forecasts for the next three years - and quite significantly so. Deutsche Bank now forecasts an average U3O8 spot price for 2007 of US$122.1/lb (up by 31% from previous forecast) with prices expected to rise further in the two following years. The average price forecast for 2008 is now US$156.3/lb (up by 56%) and for 2009 the figure is US$175/lb (up 67%). Deutsche Bank has penciled in a noticeable supply response from 2010 onwards with the average price anticipated to decline to US$95/lb in the year. We do agree with the view that an era has come to an end: the era of no matter what you buy, as long as it has the tag uranium attached to it. Again, we find a similar view in Deutsche Bank’s latest industry update as the broker preaches caution towards Energy Resources of Australia (ERA) because of the production challenges that lay ahead. The broker advocates ERA shares should trade at a discount to other producers until the problems with its flooded pit 3 in the Northern Territory have been resolved. Deutsche Bank remains positive about the prospects for junior producer Paladin Resources (PDN) rating the shares a buy with a $10 price target for the year ahead. http://www.sharescene.com/html/emoticons/wink.gif No doubt, close followers of the industry will argue that the era of “everything uranium is gold†already ended some three months ago. And they are correct.
  8. may have been posted before; still worth a read. http://www.sharescene.com/html/emoticons/wink.gif http://www.compareshares.com.au/zeal12.php
  9. na this doesn't happen http://www.sharescene.com/html/emoticons/wink.gif http://www.tradeguider.com/tradeguider_trading_software.asp
  10. 'Uranium can pip $150/lb' Jul 09 2007 07:37 PM www.fin24.co.za Johannesburg - Uranium One (SXR), the Canada-based uranium producer with a primary listing on the Toronto Stock Exchange and a secondary listing on the JSE, on Monday predicted that the uranium spot price could hit US$150 a pound before the end of the year. Neal Froneman, president and CEO of Uranium One, said the spot price did not represent the price of uranium or the price utilities were willing to pay. "There is a bit of poker being played between the utilities and producers," said Froneman, suggesting the development of a standoff price wise. The spot price for uranium is $134 a pound but "I would suggest that utilities are willing to pay $60 a pound at the moment," he said. Soaring from $10.90 in June 2003, the monthly spot uranium price has more than trebled from $46 since June last year. Froneman attributed the recent uranium price recovery to "a nuclear renaissance and constrained supply". There are 435 reactors in operation across the globe; another 28 reactors are under construction in India, China and Russia; 64 are being planned and 158 reactors have been proposed. There is, however, a large shortfall in uranium production with the 40 000 tons of uranium produced annually falling short of existing consumption at 65 000 tons. What is more, the World Nuclear Association expects uranium demand to more than double by 2030 as more countries turn to nuclear fuel for their power requirements. This could mean that the uranium price could take a breather over the next 18 months or it could continue to ratchet higher, said Froneman. It is against this worsening supply picture that some analysts have forecast a uranium price of $200 a pound in two years, even reaching as high as $255 a pound within that time. "We believe the long-term price will be substantially higher," said Froneman. "That is why we are in no rush to sell our uranium," he added. http://www.sharescene.com/html/emoticons/wink.gif
  11. interesting site http://www.instinet.com/includes2/indexSho...ding/index.html
  12. Court case should soon be known, from other chat sites it may be a positive outcome for STP, we can only hope and pray. http://www.sharescene.com/html/emoticons/icon14.gif
  13. Going Forward The operation continues to produce uranium oxide to contractual specifications, and shipments are being made to customers’ converter facilities. Shipping disruptions which occurred earlier in the year have been resolved satisfactorily, and Langer Heinrich is continuing to ship to North American converters and the European converter throughout the rest of the year. Although design recoveries have not been consistently achieved to required levels, the work of recovery and throughput optimisation continues. Paladin fully expects Langer Heinrich to reach its target annual production rate of 2.6Mlb U3O8 by January 2008 and forecasts 0.9Mlb U3O8 production to December 2007 and 1.3Mlb in the 6 months to June 2008. The operational team at Langer Heinrich has made substantial progress in understanding the performance characteristics of the new plant including orebody characteristics. Paladin is confident that the challenges of commissioning an entirely new mine and uranium processing plant are well within our capabilities and further that Langer Heinrich represents a robust and profitable project which will contribute substantially to future global uranium production. http://www.sharescene.com/html/emoticons/wink.gif
  14. In reply to: nell on Monday 30/07/07 12:57pm LH production update, all going to plan. http://www.sharescene.com/html/emoticons/wink.gif
  15. More mergers expected in uranium sector July 25, 2007 - 6:05PM Australia's undervalued uranium companies, including miner Paladin Resources Ltd, will continue to be hunted by their North American peers looking for cheap acquisitions. Haywood Securities senior mining analyst Jim Mustard told AAP Australia's undervalued uranium companies would continue to feature highly on the shopping list on international predators. Canadian outfit's Mega Uranium Ltd and Denison Corp have been active in the sector over the past 18 months, snapping up stakes in a number of companies along with the acquisition of a couple of junior explorers. "I think it will continue to happen because those companies, certainly Mega and Denison are an aggressor in M&A (merger and acquisition) activity," he said on the sidelines of a uranium conference in Fremantle. "They are shopping the globe looking for undervalued assets and when they look at Australia ... they compare them to their peer groups in North America and they say these companies are undervalued. "That's typically what's happening to those companies when you look at the Australian market." Mr Mustard said uranium miner Paladin Resources was also likely to feature on the shopping list. Paladin "emphatically" denied earlier this month it been approached following media speculation the world's largest uranium miner Cameco was running the rule over the company. "Cameco I think will be on the takeover hunt on a go forward basis," Mr Mustard said. "I think any company of the size and scale that Cameco has must look at opportunities outside its own backyard in Saskatchewan (Canada), simply because they are a long term player. "They are going to look at the guys that have a long list of development stage projects, such as Paladin, and they will become attractive over time." © 2007 AAP http://www.sharescene.com/html/emoticons/wink.gif
  • Create New...