by Travis Johnson, Stock Gumshoe | July 19, 2013 4:01 pm
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This is about uranium. In your daily column you referenced a chart that I believe was flawed. It doesn’t appear to take into account the end of the Megaton to Megawatts program. For the past 20 years that program added 24 million tons of U308 yearly, which has depressed the mining and price of uranium. That ends at the end of the year. Next year Japanese reactors will probably start up again. After that it might still take some time to shake the excess uranium out of the system, but eventually we are very likely to have a shortage. So when will prices rise — who knows? The vast majority of U308 is sold by long term contracts. In the future, as these contracts are renewed, the shortage will be revealed. Prices will rise. So why aren’t Obama and American utility companies in a panic about this? Because to end the Megaton program the Americans negotiated a deal with Russia to supply American utilities with uranium and Mox for the near future. (20 years I think) We got ours so let the rest of the world duke it out for theirs. Bye the way it kinda appears to me that the Russians are trying to corner the market on uranium.
And a comment on Travis’ comment about the comments!!
I always scan the comments for info, The people on this site are generally a cut above! And I hope anyone who happens (accidentally) to read my comments will point out to me any lapses of logic or information. I got a lot to learn, and that’s why I pay Travis the big bucks to be here!
Hi Travis
I am a keen follower, and investor, of the Irregular Core Stocks.
These are the cream of the crop for holding for the long term.
It has been more than 2 years since a new stock was added to the CORE List (excl. further additions of BRK-b and AAPL).
Do you have plans to ‘promote’ a stock from the Speculations List or Watch-List to the Core list this year? Or perhaps demote one? Is GRLE or XRX.
Regards, Peter
I am curious, I noticed AWRE jumped up in after hours trading. When was this article released?
Thanks Jim.
Right after the close, between 4-4:15 on Friday.
In re uranium stocks, no one ever seems to mention (a) Fission Uranium Corp, FCUUF, still barely under $1.00 but up 70% for me, the survivor of Denison’s absorption of its ancestor, much less (b) the more problematic Energy Fuels Inc., EFRFF, still well under $1.00, I think, now busily combining with Strathmore Minerals Corp., STHJF. Tiny prices are lovely when they roar upward, but of course they seldom do. Still, as an investor I’d rather have a lot of Fission than a lot of Cameco, a perhaps loaded .22 pistol (Russian roulette?) than a Giant Big Bertha like Hitler’s that could hurl monster weights across the English Channel but never got the chance.
Travis, did you buy already AWRE or are you waiting if the price today dips below 5?
I have not bought shares, nor do I have a current order in at a lower price. I’ll post a note if I do buy the stock.
Have noticed a spike in volumes and prices in the etf URA which is a simple thermometer on Uranium interest. I cannot yet figure out what is the main driver of the interest. Heard anything that would help?
Travis what is your opinion on UEC?
Stockshoe do you have any light to shed on this clean fracking?
http://oilandenergyinvestor.com/2013/08/this-clean-fracking-breakthrough-could-make-you-a-bundle/
Don’t see how AWRE relates to uranium.
AWRE is a WSD (micro cap tech trader) pick. Most spikes come from updates and Q reports pushing you to buy. I’ve noticed HUGE volume just BEFORE the recommendations. Then, like always, a month or so later, a huge drop in price. Then the push comes all over again, rinse & repeat.