And this would be helping it along a little maybe. No secret I am very bullish on uranium, one company in particular.
Great article on uranium just in to my mail, just have a little read of this...
For the full story register or log in to
http://uraniuminvestingnews.com
and then go to
http://uraniuminvestingnews.com/3244/uranium-market-updates.html
In part....
Uranium Market Updates
Tue, Apr 6, 2010
By Melissa PistilliExclusive to Uranium Investing News
This week brings fresh updates on some of the stories Uranium Investing News has been covering: Troubles at Cigar Lake continue to be a thorn in the side for Cameco; the military junta leading uranium-rich Niger has sacked the heads of state-owned companies; and the Mongolian Saga isnt over for Khan Resources yet.
Cameco Stock Downgraded
Canaccord Adams analyst Orest Wowkodaw has lowered his price target for Cameco Inc. [TSX: CCO] to $25 per share from $28 and downgraded the stock from hold to sell.
While we remain bullish on the medium-to long-term fundamentals for uranium, we see limited upside in Cameco shares in the near term, explained Wowkodaw.
The upside is most likely limited by the albatross that continues to hang around Camecos neck: Cigar Lake. Last week, the company put out a technical report on the project that detailed higher life-of-mine cash operating costs (up to $23 per pound from $14) and a pushed-back timeframe for production ramp-up. Once slated for 2013, full capacity production is now forecast to commence in 2017.
Niger Military Leaders Take Control of State-owned Companies
The officials were replaced with civilians and soldiers, reports Reuters. The replacements include the leadership of SOPAMIN, the state-run company tasked with managing Nigers stakes in various mining operations. SOPAMIN holds a one-third interest in Arevas world-class Imouraren uranium mine that is slated for production in 2013.
Khan Resources Saga: Another Chapter Unfolds
Uranium Investing News has followed this story closely as it has unfolded. The last chapter in the drama came in February and involved Chinas CNNC rescuing Khan from ARMZs .65 cent a share hostile takeover bid with a White Knight offer of .96 cents a share. ARMZ let its bid expire in early March.
Unfortunately, the saga doesnt end there
....the agreement with CNNC is not complete as objections to the deal have begun to surface.
The government is now investigating the legality of Khan Resources licenses in Mongolia, says Pannier.
Investors and uranium market followers will have to wait to see what the next chapter in this ongoing drama holds for Khan, but whatever happens the companys story will no doubt serve as a model of warning for Western companies operating in Central Asia.
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